The Finance Department’s daily mission is to provide accountability for all public funds, assets, policies and systems in a fiscally responsible manner, maintaining financial stability and public trust through sound financial management, while delivering responsive quality customer service to our citizens and fellow employees. Responsibilities include:
Moody's Upgrades Bothell's Credit Rating Bonds to Aa1!
Moody's Annual Issuer Comment as of October 11, 2019
The assignment of Aa1 to the City's unlimited tax general obligation bonds reflects a large and growing tax base that benefits from its inclusion in the Puget Sound area. The rating also takes into consideration a material improvement in the district's financial profile, including a growth in reserves and a manageable fixed cost burden. Additionally, the rating reflects above average socioeconomic measures. We expect that the city's finances will continue to improve over the next few years, the debt burden will remain average and pensions will remain manageable and in-line with state peers. Moody's Credit Rating (PDF)
Bothell's commitment to outstanding achievement is recognized nationally. The Government Finance Officers Association (GFOA) has awarded its Certificate of Achievement for Excellence in Financial Reporting to the City of Bothell annually since 2001. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by the City of Bothell and its management. View the GFOA News Release.