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HomeMy WebLinkAbout2024-10-15 Council FIN PacketAgenda Edmonds City Council FINANCE COMMITTEE CITY COUNCIL CONFERENCE ROOM 121 - 5TH AVENUE N, EDMONDS, WA 98020 OCTOBER 15, 2024, 5:30 PM Edmonds City Council Agenda October 15, 2024 Page 1 COUNCIL COMMITTEE MEETINGS ARE WORK SESSIONS FOR THE COUNCIL AND CITY STAFF. COMMITTEE MEETING AGENDAS DO NOT INCLUDE AUDIENCE COMMENTS OR PUBLIC HEARINGS. STAFF AND COUNCILMEMBERS ATTEND COMMITTEE MEETINGS VIRTUALLY, AND MEMBERS OF THE PUBLIC ARE ENCOURAGED TO ATTEND THE SAME WAY. PERSONS WISHING TO ATTEND THIS MEETING VIRTUALLY IN LIEU OF IN-PERSON ATTENDANCE CAN CLICK ON OR PASTE THE FOLLOWING ZOOM MEETING LINK INTO A WEB BROWSER USING A COMPUTER OR SMART PHONE: HTTPS://ZOOM.US/J/95798484261 OR JOIN BY DIAL-UP PHONE: US: +1 253 215 8782 WEBINAR ID: 957 9848 4261 IF MEMBERS OF THE PUBLIC CANNOT ACCESS THE VIRTUAL COMMITTEE MEETINGS WITH THEIR PERSONAL DEVICES, A MONITOR IS PROVIDED AT THE CITY COUNCIL CONFERENCE ROOM AT 121 5TH AVE N, EDMONDS WA. COMMITTEE MEMBERS: WILL CHEN (CHAIR), JENNA NAND, COUNCIL PRESIDENT (EX-OFFICIO MEMBER) 1. CALL TO ORDER 2. COMMITTEE BUSINESS 1. September Quarterly Financial Report (15 min) 2. 2024 October Budget Amendment Ordinance (20 min) ADJOURNMENT: 7:30 PM City Council Agenda Item Meeting Date: 10/15/2024 September Quarterly Financial Report Staff Lead: Kim Dunscombe Department: Administrative Services Preparer: Kimberly Dunscombe Background/History September Quarterly Financial Report Staff Recommendation Information only Narrative <Type or insert text here> Attachments: September 2024 Quarterly Financial Report v1 2.1 Packet Pg. 2 CITY OF EDMONDS QUARTERLY BUDGETARY FINANCIAL REPORT SEPTEMBER 2024 2.1.a Packet Pg. 3 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 1 MONTHLY HIGHLIGHTS GENERAL FUND HIGHLIGHTS • Real Personal/Property Tax and EMS Levy is up $307,991 from this point last year. Despite this current good news, our forecast for property tax will likely finish under budget by $(130,000). • Sales tax is up $118,905 from this point last year but is $(295,647) under the cumulative budget forecast. • Utility taxes are categorized under “Other Taxes” in the chart below, exhibit divergent trends, with some surpassing the cumulative budget while others lag behind. Notably, gas tax from Puget Sound Energy is down by $(104,970) falling short of their perspective cumulative budget. • Development services revenues overall are up a total of $540,758 from this point last year. The increase is notably due to the city receiving permit revenue for development of the Edmonds Green Apartments. • Interest charged to the General Fund for negative cash balance in 2024 equals $58,222 to date. • There is a noticeable uptick in salaries and benefits for May. This increase is attributed to retroactive payments and salary adjustments resulting from a new collective bargaining agreement for the same bargaining unit. Sales Tax Property Tax EMS Tax Other Taxes Actual 8,699,917 6,339,107 2,424,077 6,539,193 Budget 12,300,000 11,327,000 4,578,000 9,229,949 - 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 Ax i s T i t l e General Fund Tax Revenue (2024 YTD) STREET FUND HIGHLIGHTS • Interest charged to the Street Fund for negative cash balance in 2024 equals $12,303 to date. REET FUND HIGHLIGHTS • REET revenues are 18.52% or $405,599 higher than last year. Projections indicate REET revenues are on track to meet the budget target of $3.0 million. UTILITY FUNDS HIGHLIGHTS • The revenue increases shown on pages 17-19 is due to the 2024 Revenue Bond Issue which was new money for Water and Stormwater, as well as refunding money for the 2013 bond issue to all three utilities. The expense increase was due to payment sent to escrow to pay off the 2013 bond issuance. 2.1.a Packet Pg. 4 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 2 City of Edmonds All Funds Financial Summary As of September 30, 2024 Fund Beginning Fund Balance Revenues / Sources Expenditures / Uses Revenues less Expenditures Ending Fund Balance Cash Balance Governmental 001 General Fund 2,492,460 34,610,336 37,416,624 (2,806,287) (313,827) (3,454,731) 009 LEOFF Medical Insurance Reserve 139,774 125,000 241,689 (116,689) 23,085 32,064 012 Contingency Reserve 2,228,672 - - - 2,228,672 2,228,672 014 Historic Sub-Fund 8,944 - 4,385 (4,385) 4,559 4,559 016 Building Maintenance 3,756,168 90,515 1,104,662 (1,014,147) 2,742,020 2,796,092 017 Marsh Restoration 853,595 300 - 300 853,895 853,895 018 Homeless Response 200,000 - - - 200,000 200,000 019 Opioid Response 74,119 382,437 - 382,437 456,556 456,556 Total General Funds 9,753,732 35,208,587 38,767,359 (3,558,772) 6,194,960 3,117,106 Special Revenue Funds 104 Drug Enforcement 40,843 5,615 - 5,615 46,457 46,279 111 Street 4,701 1,902,314 1,778,818 123,496 128,197 5,458 112 Street Construction 2,734,808 3,377,514 2,229,527 1,147,987 3,882,795 2,957,675 117 Municipal Arts 657,265 96,163 50,461 45,702 702,967 694,483 120 Hotel / Motel 151,247 100,780 70,383 30,396 181,643 163,780 121 Employee Parking 83,814 18,713 911 17,802 101,616 100,539 122 Youth Scholarship 17,868 2,453 300 2,153 20,022 19,792 123 Tourism Promotion 138,157 39,105 16,453 22,652 160,809 153,842 125 REET 2 1,992,459 1,436,566 839,894 596,672 2,589,131 2,615,299 126 REET 1 3,957,800 1,553,857 728,486 825,371 4,783,171 4,730,110 127 Gifts Catalog 3,140,448 368,878 430,938 (62,060) 3,078,388 3,037,812 130 Cemetery Maintenance 196,245 146,090 191,349 (45,259) 150,986 148,315 137 Cemetery Trust 1,212,121 86,572 73,000 13,572 1,225,693 1,210,112 138 Sister City 18,681 3,531 4,822 (1,291) 17,390 17,146 140 Business Improvement 37,682 71,291 51,154 20,137 57,819 57,819 141 Affordable Housing 309,127 45,571 - 45,571 354,697 346,300 142 Edmonds Rescue 36,932 6,867,416 6,869,475 (2,059) 34,873 34,873 143 Tree Fund 222,354 42,802 200,269 (157,467) 64,887 61,707 Capital Projects 139,615 857,464 708,465 149,000 288,615 278,169 Debt Service - 35,901 35,551 350 350 - Enterprise Funds 411 Combined Utility Operation - 114,730 - 114,730 114,730 158,216 421 Water Utility 9,601,886 23,252,345 12,185,891 11,066,454 20,668,340 20,266,236 422 Storm Water Utility 6,983,494 9,409,608 5,026,341 4,383,267 11,366,761 10,883,691 423 Sewer / Wastewater Treatment Plant 14,903,525 20,795,387 19,393,172 1,402,215 16,305,740 16,615,876 424 Bond Reserve Fund 843,961 576,346 1,399,406 (823,060) 20,901 20,900 Internal Service Funds 511 Equipment Rental 5,298,245 2,133,628 1,918,725 214,903 5,513,148 5,405,615 512 Technology Rental 421,587 1,634,103 1,292,847 341,256 762,843 768,128 All Funds 62,898,595 110,183,330 94,263,997 15,919,333 78,817,928 73,915,278 2.1.a Packet Pg. 5 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 3 GENERAL FUND SUMMARY General Fund Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 2,711,054$ 2,711,054$ 2,532,339$ 2,532,339$ -6.59% February 5,412,574 2,701,521 3,801,618 6,333,957 17.02% March 8,234,389 2,821,815 4,006,316 10,340,274 25.57% April 12,871,492 4,637,102 8,886,692 19,226,965 49.38% May 21,881,117 9,009,625 3,958,085 23,185,051 5.96% June 24,570,750 2,689,633 3,062,106 26,247,157 6.82% July 27,555,506 2,984,755 2,559,427 28,806,583 4.54% August 30,903,813 3,348,307 2,821,110 31,627,693 2.34% September 33,691,847 2,788,034 2,982,389 34,610,083 2.73% October 39,258,675 5,566,828 5,718,546 40,328,629 2.73% November 48,115,504 8,856,828 9,098,211 49,426,841 2.73% December 51,302,492 3,186,988 3,273,846 52,700,687 2.73% General Fund Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 4,823,378$ 4,823,378$ 4,652,570$ 4,652,570$ -3.54% February 8,954,405 4,131,027 3,706,872 8,359,442 -6.64% March 12,985,832 4,031,427 3,718,847 12,078,289 -6.99% April 16,651,930 3,666,099 3,782,082 15,860,371 -4.75% May 20,738,604 4,086,673 4,319,151 20,179,522 -2.70% June 25,334,520 4,595,916 4,781,657 24,961,180 -1.47% July 29,347,611 4,013,091 3,708,067 28,669,246 -2.31% August 33,504,298 4,156,687 4,100,634 32,769,880 -2.19% September 37,673,197 4,168,900 4,646,743 37,416,624 -0.68% October 41,800,681 4,127,484 4,099,373 41,515,997 -0.68% November 46,965,717 5,165,036 5,129,859 46,645,856 -0.68% December 52,037,793 5,072,076 5,037,533 51,683,389 -0.68% *The monthly budget forecast columns are based on a five-year average. 2024 City of Edmonds, WA Monthly Revenue Summary-General Fund 2024 City of Edmonds, WA Monthly Expenditure Summary-General Fund 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 40,000,000 45,000,000 50,000,000 55,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC General Fund Current Year Budget Prior Year 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 40,000,000 45,000,000 50,000,000 55,000,000 60,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC General Fund Current Year Budget Prior Year 2.1.a Packet Pg. 6 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 4 MAJOR GENERAL FUND REVENUE SUMMARY Real Personal & EMS Property Tax Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 39,472$ 39,472$ 21,015$ 21,015$ -46.76% February 220,153 180,681 366,893 387,909 76.20% March 1,232,162 1,012,009 755,431 1,143,339 -7.21% April 7,302,618 6,070,456 6,153,028 7,296,367 -0.09% May 8,584,040 1,281,422 1,063,611 8,359,978 -2.61% June 8,660,449 76,409 74,286 8,434,264 -2.61% July 8,695,629 35,180 30,722 8,464,987 -2.65% August 8,772,089 76,460 54,697 8,519,684 -2.88% September 9,020,162 248,073 243,501 8,763,185 -2.85% October 14,815,200 5,795,038 5,629,942 14,393,127 -2.85% November 15,849,934 1,034,734 1,005,255 15,398,382 -2.85% December 15,905,000 55,066 53,497 15,451,879 -2.85% Sales and Use Tax Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 956,967$ 956,967$ 975,066$ 975,066$ 1.89% February 2,084,047 1,127,080 1,059,532 2,034,598 -2.37% March 2,987,849 903,802 870,730 2,905,328 -2.76% April 3,814,928 827,079 870,807 3,776,135 -1.02% May 4,821,039 1,006,111 983,892 4,760,027 -1.27% June 5,796,759 975,721 921,356 5,681,383 -1.99% July 6,836,449 1,039,690 996,390 6,677,774 -2.32% August 7,953,072 1,116,623 1,022,482 7,700,256 -3.18% September 8,995,564 1,042,491 999,661 8,699,917 -3.29% October 10,116,626 1,121,062 1,084,218 9,784,135 -3.29% November 11,238,239 1,121,613 1,084,751 10,868,885 -3.29% December 12,300,000 1,061,761 1,026,865 11,895,750 -3.29% *The monthly budget forecast columns are based on a five-year average. 2024 City of Edmonds, WA Monthly Revenue Summary-Real Personal & EMS Property Tax 2024 City of Edmonds, WA Monthly Revenue Summary-Sales Tax 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Real Personal & EMS Property Tax Current Year Budget Prior Year 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000 11,000,000 12,000,000 13,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Sales and Use Tax Current Year Budget Prior Year 2.1.a Packet Pg. 7 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 5 MAJOR GENERAL FUND REVENUE SUMMARY Water Utility Tax Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 90,844$ 90,844$ 92,691$ 92,691 2.03% February 154,355 63,511 62,177 154,868 0.33% March 244,152 89,797 90,963 245,831 0.69% April 304,356 60,204 62,146 307,977 1.19% May 393,634 89,278 90,718 398,695 1.29% June 463,947 70,313 69,703 468,398 0.96% July 573,149 109,202 107,776 576,174 0.53% August 666,476 93,327 94,292 670,466 0.60% September 791,033 124,557 127,195 797,661 0.84% October 881,630 90,597 91,356 889,017 0.84% November 983,292 101,662 102,514 991,531 0.84% December 1,047,289 63,997 64,533 1,056,064 0.84% Sewer Utility Tax Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 101,297$ 101,297$ 101,472$ 101,472$ 0.17% February 185,730 84,433 84,516 185,988 0.14% March 286,530 100,799 101,250 287,238 0.25% April 371,027 84,497 85,581 372,818 0.48% May 472,427 101,400 101,036 473,855 0.30% June 557,139 84,712 86,104 559,959 0.51% July 659,773 102,634 103,022 662,981 0.49% August 744,838 85,065 85,336 748,317 0.47% September 850,226 105,388 106,629 854,946 0.56% October 936,127 85,902 86,379 941,324 0.56% November 1,039,506 103,379 103,953 1,045,277 0.56% December 1,123,814 84,308 84,776 1,130,053 0.56% *The monthly budget forecast columns are based on a five-year average. 2024 City of Edmonds, WA Monthly Revenue Summary-Water Utility Tax 2024 City of Edmonds, WA Monthly Revenue Summary-Sewer Utility Tax 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 1,100,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Water Utility Tax Current Year Budget Prior Year 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 1,100,000 1,200,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Sewer Utility Tax Current Year Budget Prior Year 2.1.a Packet Pg. 8 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 6 MAJOR GENERAL FUND REVENUE SUMMARY General Fund - Charges for Services Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 410,810$ 410,810$ 297,980$ 297,980$ -27.47% February 950,331 539,521 702,035 1,000,015 5.23% March 1,344,389 394,057 1,404,775 2,404,790 78.88% April 2,155,227 810,839 573,921 2,978,711 38.21% May 3,145,803 990,576 477,751 3,456,462 9.88% June 3,752,017 606,215 929,543 4,386,004 16.90% July 4,337,554 585,536 494,283 4,880,288 12.51% August 5,407,415 1,069,861 609,605 5,489,893 1.53% September 6,079,591 672,176 571,317 6,061,210 -0.30% October 6,710,843 631,252 629,344 6,690,554 -0.30% November 7,388,870 678,027 675,977 7,366,531 -0.30% December 8,286,526 897,656 894,942 8,261,473 -0.30% *The monthly budget forecast columns are based on a five-year average. City of Edmonds, WA Monthly Revenue Summary-General Fund Charges for Services 2024 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC General Fund -Charges for Services Current Year Budget Prior Year 2.1.a Packet Pg. 9 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 7 GENERAL FUND DEPARTMENT EXPENSE SUMMARY Title 2024 Amended Budget 9/30/2023 Expenditures 9/30/2024 Expenditures Amount Remaining % Spent CITY COUNCIL 479,286$ 319,066$ 364,463$ 114,823$ 76% OFFICE OF MAYOR 490,875 290,606 321,160 169,715 65% HUMAN RESOURCES 1,222,438 694,844 885,491 336,947 72% MUNICIPAL COURT 1,811,176 1,097,393 1,309,255 501,921 72% ADMINISTRATIVE SERVICES 2,825,453 1,936,486 2,044,774 780,679 72% CITY ATTORNEY 1,161,780 704,483 765,730 396,050 66% NON-DEPARTMENTAL 6,857,495 13,727,753 5,258,455 1,599,040 77% POLICE SERVICES 17,478,540 10,558,632 12,974,131 4,504,409 74% SATELLITE OFFICE 172,105 96,119 107,519 64,586 62% COMMUNITY SERVICES/ECONOMIC DEV.1,162,045 962,363 821,368 340,677 71% PLANNING & DEVELOPMENT 4,396,605 2,913,241 2,976,521 1,420,084 68% HUMAN SERVICES PROGRAM 320,940 191,991 168,985 151,955 53% PARKS & RECREATION 6,520,597 4,346,603 4,398,405 2,122,192 67% PUBLIC WORKS 4,500,279 2,967,809 3,042,136 1,458,143 68% FACILITIES MAINTENANCE 2,638,179 2,642,907 1,978,230 659,949 75% 52,037,793$ 43,450,297$ 37,416,624$ 14,621,169$ 72% EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN SUMMARY CITY OF EDMONDS 2.1.a Packet Pg. 10 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 8 GENERAL FUND DEPARTMENT EXPENSE SUMMARY City Council Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 34,240$ 34,240$ 40,574$ 40,574$ 18.50% February 71,153 36,913 54,006 94,579 32.92% March 112,189 41,036 35,007 129,587 15.51% April 150,403 38,214 35,974 165,561 10.08% May 193,081 42,678 57,697 223,258 15.63% June 234,428 41,347 34,601 257,859 9.99% July 275,019 40,591 36,103 293,962 6.89% August 316,493 41,474 35,453 329,415 4.08% September 357,868 41,375 35,048 364,463 1.84% October 394,551 36,684 37,360 401,822 1.84% November 435,285 40,734 41,485 443,307 1.84% December 479,286 44,001 44,812 488,119 1.84% Office of Mayor Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 40,561$ 40,561$ 33,901$ 33,901$ -16.42% February 82,159 41,598 35,511 69,412 -15.52% March 124,596 42,436 36,798 106,210 -14.76% April 165,441 40,846 36,154 142,364 -13.95% May 205,791 40,350 34,804 177,167 -13.91% June 245,843 40,052 32,377 209,545 -14.76% July 287,251 41,408 39,558 249,103 -13.28% August 327,468 40,217 35,573 284,676 -13.07% September 367,326 39,858 36,485 321,160 -12.57% October 406,988 39,662 34,677 355,837 -12.57% November 449,726 42,738 37,367 393,204 -12.57% December 490,875 41,149 35,977 429,182 -12.57% *The monthly budget forecast columns are based on a five-year average. 2024 City of Edmonds, WA Monthly Expenditure Summary-City Council 2024 City of Edmonds, WA Monthly Expenditure Summary-Office of Mayor 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC City Council Current Year Budget Prior Year 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Office of Mayor Current Year Budget Prior Year 2.1.a Packet Pg. 11 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 9 GENERAL FUND DEPARTMENT EXPENSE SUMMARY Human Resources Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 110,919$ 110,919$ 129,960$ 129,960$ 17.17% February 206,083 95,165 103,533 233,493 13.30% March 293,020 86,937 100,807 334,300 14.09% April 385,026 92,006 98,181 432,481 12.33% May 477,507 92,481 94,231 526,711 10.30% June 609,764 132,257 93,012 619,724 1.63% July 691,435 81,671 86,308 706,032 2.11% August 781,445 90,009 83,429 789,461 1.03% September 882,461 101,016 96,030 885,491 0.34% October 976,331 93,870 94,192 979,683 0.34% November 1,084,356 108,025 108,396 1,088,079 0.34% December 1,222,438 138,082 138,556 1,226,635 0.34% Municipal Court Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 133,120$ 133,120$ 136,698$ 136,698$ 2.69% February 268,761 135,641 143,646 280,344 4.31% March 408,462 139,701 138,149 418,493 2.46% April 549,323 140,861 140,705 559,198 1.80% May 702,755 153,432 144,216 703,414 0.09% June 841,629 138,874 146,775 850,190 1.02% July 987,720 146,091 149,286 999,475 1.19% August 1,144,145 156,425 157,084 1,156,559 1.08% September 1,291,990 147,845 152,696 1,309,255 1.34% October 1,441,979 149,989 151,993 1,461,248 1.34% November 1,629,476 187,497 190,002 1,651,250 1.34% December 1,811,176 181,700 184,128 1,835,378 1.34% *The monthly budget forecast columns are based on a five-year average. 2024 City of Edmonds, WA Monthly Expenditure Summary-Human Resources 2024 City of Edmonds, WA Monthly Expenditure Summary-Municipal Court 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 1,100,000 1,200,000 1,300,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Human Resources Current Year Budget Prior Year 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Municipal Court Current Year Budget Prior Year 2.1.a Packet Pg. 12 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 10 GENERAL FUND DEPARTMENT EXPENSE SUMMARY Community Services/Economic Development Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 70,938$ 70,938$ 84,711$ 84,711$ 19.42% February 150,629 79,691 85,764 170,475 13.18% March 228,686 78,058 85,735 256,210 12.04% April 308,932 80,246 91,280 347,490 12.48% May 391,061 82,128 83,820 431,310 10.29% June 480,392 89,331 95,126 526,436 9.58% July 570,789 90,397 101,892 628,327 10.08% August 679,369 108,580 107,902 736,229 8.37% September 777,142 97,773 85,139 821,368 5.69% October 877,976 100,834 106,573 927,941 5.69% November 1,007,121 129,145 136,495 1,064,436 5.69% December 1,162,045 154,924 163,741 1,228,176 5.69% Administrative Services Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 288,918$ 288,918$ 274,596$ 274,596$ -4.96% February 523,687 234,769 208,739 483,335 -7.71% March 733,695 210,008 217,967 701,302 -4.42% April 944,992 211,297 212,849 914,151 -3.26% May 1,157,177 212,186 372,263 1,286,415 11.17% June 1,442,022 284,845 184,491 1,470,906 2.00% July 1,684,828 242,805 183,557 1,654,463 -1.80% August 1,896,259 211,431 199,026 1,853,490 -2.26% September 2,116,379 220,121 191,285 2,044,774 -3.38% October 2,344,386 228,007 220,292 2,265,067 -3.38% November 2,598,917 254,531 245,919 2,510,986 -3.38% December 2,825,453 226,536 218,871 2,729,857 -3.38% *The monthly budget forecast columns are based on a five-year average. 2024 City of Edmonds, WA Monthly Expenditure Summary-Community Services/Economic Development 2024 City of Edmonds, WA Monthly Expenditure Summary-Administrative Services 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 1,100,000 1,200,000 1,300,000 1,400,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Community Services/Economic Development Current Year Budget Prior Year 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000 2,200,000 2,400,000 2,600,000 2,800,000 3,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Administrative Services Current Year Budget Prior Year 2.1.a Packet Pg. 13 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 11 GENERAL FUND DEPARTMENT EXPENSE SUMMARY City Attorney Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 96,815$ 96,815$ -$ -$ 0.00% February 193,630 96,815 127,250 127,250 -34.28% March 290,445 96,815 93,007 220,257 -24.17% April 387,260 96,815 108,383 328,640 -15.14% May 484,075 96,815 98,726 427,366 -11.71% June 580,890 96,815 80,589 507,955 -12.56% July 677,705 96,815 86,552 594,507 -12.28% August 774,520 96,815 119,143 713,650 -7.86% September 871,335 96,815 52,080 765,730 -12.12% October 968,150 96,815 85,081 850,811 -12.12% November 1,064,965 96,815 85,081 935,892 -12.12% December 1,161,780 96,815 85,081 1,020,973 -12.12% Police Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 1,325,644$ 1,325,644$ 1,320,779$ 1,320,779$ -0.37% February 2,644,333 1,318,689 1,322,826 2,643,606 -0.03% March 4,027,557 1,383,224 1,252,027 3,895,633 -3.28% April 5,378,981 1,351,424 1,459,657 5,355,290 -0.44% May 6,782,808 1,403,826 1,864,000 7,219,290 6.44% June 8,239,937 1,457,130 1,522,517 8,741,807 6.09% July 9,689,531 1,449,593 1,447,113 10,188,920 5.15% August 11,039,396 1,349,866 1,415,097 11,604,017 5.11% September 12,478,176 1,438,780 1,370,114 12,974,131 3.97% October 13,942,747 1,464,571 1,522,781 14,496,912 3.97% November 15,677,275 1,734,528 1,803,468 16,300,380 3.97% December 17,478,540 1,801,265 1,872,858 18,173,238 3.97% *The monthly budget forecast columns are based on a five-year average. 2024 City of Edmonds, WA Monthly Expenditure Summary-City Attorney 2024 City of Edmonds, WA Monthly Expenditure Summary-Police 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 1,100,000 1,200,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC City Attorney Current Year Budget Prior Year 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Police Current Year Budget Prior Year 2.1.a Packet Pg. 14 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 12 GENERAL FUND DEPARTMENT EXPENSE SUMMARY Planning & Development Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 340,178$ 340,178$ 269,177$ 269,177$ -20.87% February 694,434 354,255 267,692 536,869 -22.69% March 1,033,937 339,503 393,779 930,649 -9.99% April 1,394,846 360,909 303,822 1,234,470 -11.50% May 1,750,281 355,436 318,775 1,553,246 -11.26% June 2,093,976 343,695 341,020 1,894,266 -9.54% July 2,468,929 374,953 302,925 2,197,191 -11.01% August 2,820,106 351,176 273,909 2,471,100 -12.38% September 3,176,611 356,505 505,421 2,976,521 -6.30% October 3,535,290 358,679 336,086 3,312,607 -6.30% November 3,929,353 394,063 369,242 3,681,849 -6.30% December 4,396,605 467,252 437,821 4,119,670 -6.30% Parks & Recreation Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 498,850$ 498,850$ 453,277$ 453,277$ -9.14% February 986,757 487,907 470,870 924,147 -6.35% March 1,483,576 496,818 491,227 1,415,374 -4.60% April 1,955,557 471,981 483,624 1,898,998 -2.89% May 2,461,256 505,698 497,889 2,396,886 -2.62% June 2,984,923 523,667 484,065 2,880,951 -3.48% July 3,580,661 595,738 512,166 3,393,117 -5.24% August 4,186,784 606,123 535,834 3,928,951 -6.16% September 4,840,484 653,700 469,454 4,398,405 -9.13% October 5,394,700 554,215 503,599 4,902,004 -9.13% November 5,962,605 567,905 516,039 5,418,043 -9.13% December 6,520,597 557,992 507,031 5,925,074 -9.13% *The monthly budget forecast columns are based on a five-year average. 2024 City of Edmonds, WA Monthly Expenditure Summary-Planning & Development 2024 City of Edmonds, WA Monthly Expenditure Summary-Parks & Recreation 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Planning & Development Current Year Budget Prior Year 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 5,000,000 5,500,000 6,000,000 6,500,000 7,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Parks & Recreation Current Year Budget Prior Year 2.1.a Packet Pg. 15 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 13 GENERAL FUND DEPARTMENT EXPENSE SUMMARY Facilities Maintenance Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 156,775$ 156,775$ 280,811$ 280,811$ 79.12% February 389,674 232,899 265,070 545,881 40.09% March 593,572 203,898 223,593 769,473 29.63% April 769,278 175,706 218,971 988,445 28.49% May 948,275 178,997 203,576 1,192,021 25.70% June 1,082,249 133,974 575,626 1,767,646 63.33% July 1,241,211 158,962 213,793 1,981,439 59.64% August 1,449,110 207,898 (192,314) 1,789,126 23.46% September 1,701,700 252,590 189,104 1,978,230 16.25% October 1,994,272 292,572 340,116 2,318,345 16.25% November 2,251,849 257,577 299,434 2,617,779 16.25% December 2,638,179 386,330 449,110 3,066,889 16.25% Engineering Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 301,531$ 301,531$ 283,081$ 283,081$ -6.12% February 604,565 303,034 286,618 569,699 -5.77% March 913,824 309,259 255,452 825,151 -9.70% April 1,223,821 309,997 270,205 1,095,355 -10.50% May 1,553,842 330,021 260,871 1,356,226 -12.72% June 1,868,266 314,424 260,767 1,616,993 -13.45% July 2,185,239 316,973 264,710 1,881,703 -13.89% August 2,491,236 305,997 278,563 2,160,267 -13.29% September 2,797,476 306,240 266,795 2,427,061 -13.24% October 3,102,475 304,999 264,614 2,691,675 -13.24% November 3,439,952 337,477 292,791 2,984,466 -13.24% December 3,777,853 337,901 293,159 3,277,626 -13.24% *The monthly budget forecast columns are based on a five-year average. 2024 City of Edmonds, WA Monthly Expenditure Summary-Facilities Maintenance 2024 City of Edmonds, WA Monthly Expenditure Summary-Engineering 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Facilities Maintenance Current Year Budget Prior Year 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Engineering Current Year Budget Prior Year 2.1.a Packet Pg. 16 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 14 GENERAL FUND DEPARTMENT EXPENSE SUMMARY Non-Departmental Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 926,027$ 926,027$ 1,244,387$ 1,244,387$ 34.38% February 1,489,596 563,569 221,547 1,465,934 -1.59% March 2,012,000 522,404 285,014 1,750,948 -12.97% April 2,395,260 383,260 211,983 1,962,932 -18.05% May 2,923,480 528,220 178,984 2,141,916 -26.73% June 3,677,256 753,776 824,054 2,965,970 -19.34% July 4,126,291 449,035 197,423 3,163,393 -23.34% August 4,662,507 536,216 975,531 4,138,924 -11.23% September 5,123,698 461,191 1,119,531 5,258,455 2.63% October 5,544,111 420,414 431,471 5,689,926 2.63% November 6,294,725 750,614 770,355 6,460,282 2.63% December 6,857,495 562,770 577,571 7,037,853 2.63% City of Edmonds, WA Monthly Expenditure Summary-Non-Departmental 2024 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 20,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Non-Departmental Current Year Budget Prior Year *The monthly budget forecast columns are based on a five-year average. 2.1.a Packet Pg. 17 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 15 FUND SUMMARIES Fund 016 - Building Maintenance Fund Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 127,788$ 127,788$ 138,032$ 138,032$ 8.02% February 255,575 127,788 481,478 619,510 142.40% March 383,363 127,788 9,472 628,982 64.07% April 511,151 127,788 2,113 631,095 23.47% May 638,938 127,788 28,074 659,169 3.17% June 766,726 127,788 868 660,037 -13.91% July 894,514 127,788 6,854 666,892 -25.45% August 1,022,302 127,788 419,746 1,086,637 6.29% September 1,150,089 127,788 18,024 1,104,662 -3.95% October 1,277,877 127,788 122,740 1,227,402 -3.95% November 1,405,665 127,788 122,740 1,350,142 -3.95% December 1,533,453 127,788 122,740 1,472,882 -3.95% 2024 City of Edmonds, WA Monthly Expenditure Summary-Fund 016 - Building Maintenance Fund 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Fund 016 -Building Maintenance Fund Current Year Budget Prior Year *The monthly budget forecast columns are based on a five-year average. 2.1.a Packet Pg. 18 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 16 FUND SUMMARIES Real Estate Excise Tax 1 & 2 Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 225,388$ 225,388$ 158,734$ 158,734$ -29.57% February 376,297 150,909 141,173 299,908 -20.30% March 569,768 193,471 237,275 537,183 -5.72% April 775,427 205,659 354,193 891,375 14.95% May 1,036,020 260,593 338,546 1,229,921 18.72% June 1,293,139 257,119 321,623 1,551,544 19.98% July 1,573,012 279,874 347,663 1,899,207 20.74% August 1,849,679 276,667 415,298 2,314,505 25.13% September 2,151,102 301,423 281,080 2,595,585 20.66% October 2,420,735 269,633 325,348 2,920,932 20.66% November 2,687,175 266,440 321,495 3,242,427 20.66% December 3,000,000 312,825 377,464 3,619,891 20.66% Fund 512 - Technology Rental Fund Expenses Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 278,067$ 278,067$ 450,425$ 450,425$ 61.98% February 459,653 181,586 88,246 538,670 17.19% March 687,018 227,364 99,476 638,146 -7.11% April 781,894 94,876 88,852 726,999 -7.02% May 882,974 101,080 118,249 845,248 -4.27% June 1,005,318 122,345 90,723 935,972 -6.90% July 1,131,059 125,740 137,346 1,073,318 -5.11% August 1,299,834 168,775 123,453 1,196,771 -7.93% September 1,465,789 165,955 96,076 1,292,847 -11.80% October 1,643,179 177,391 156,461 1,449,308 -11.80% November 1,772,621 129,442 114,169 1,563,477 -11.80% December 2,011,076 238,455 210,321 1,773,798 -11.80% *The monthly budget forecast columns are based on a five-year average. City of Edmonds, WA Monthly Revenue Summary-Real Estate Excise Tax 1 & 2 2024 City of Edmonds, WA Monthly Expenditure Summary-Fund 512 - Technology Rental Fund 2024 0 300,000 600,000 900,000 1,200,000 1,500,000 1,800,000 2,100,000 2,400,000 2,700,000 3,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Real Estate Excise Tax 1 & 2 Current Year Budget Prior Year 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000 2,200,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Fund 512 -Technology Rental Fund Expenses Current Year Budget Prior Year 2.1.a Packet Pg. 19 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 17 FUND 421 – WATER UTILITY FUND SUMMARY Fund 421 - Water Utility Fund Revenues Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 980,443$ 980,443$ 1,090,370$ 1,090,370$ 11.21% February 1,712,436 731,993 711,773 1,802,143 5.24% March 2,701,940 989,503 1,075,486 2,877,629 6.50% April 3,356,766 654,827 785,359 3,662,988 9.12% May 4,316,356 959,590 1,061,688 4,724,677 9.46% June 5,115,288 798,932 847,725 5,572,402 8.94% July 6,310,311 1,195,023 1,254,684 6,827,086 8.19% August 7,304,483 994,172 14,908,155 21,735,241 197.56% September 8,635,357 1,330,874 1,517,104 23,252,345 169.27% October 9,613,693 978,336 2,634,357 25,886,702 169.27% November 11,500,392 1,886,699 5,080,297 30,966,999 169.27% December 12,314,744 814,352 2,192,797 33,159,796 169.27% Fund 421 - Water Utility Fund Expenses Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 641,026$ 641,026$ 503,314$ 503,314$ -21.48% February 1,300,480 659,453 589,193 1,092,506 -15.99% March 2,051,423 750,943 586,629 1,679,136 -18.15% April 2,887,784 836,362 705,351 2,384,486 -17.43% May 3,786,010 898,226 592,313 2,976,799 -21.37% June 5,237,771 1,451,761 900,416 3,877,215 -25.98% July 6,385,874 1,148,103 955,142 4,832,357 -24.33% August 7,778,196 1,392,322 6,147,795 10,980,151 41.17% September 8,859,399 1,081,203 1,205,739 12,185,891 37.55% October 9,774,932 915,533 1,259,294 13,445,185 37.55% November 11,599,342 1,824,410 2,509,432 15,954,617 37.55% December 13,837,584 2,238,242 3,078,648 19,033,265 37.55% *The monthly budget forecast columns are based on a five-year average. 2024 City of Edmonds, WA Monthly Revenue Summary-Fund 421 - Water Utility Fund 2024 City of Edmonds, WA Monthly Expenditure Summary-Fund 421 - Water Utility Fund 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 20,000,000 22,000,000 24,000,000 26,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Fund 421 -Water Utility Fund Revenues Current Year Budget Prior Year 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000 11,000,000 12,000,000 13,000,000 14,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Fund 421 -Water Utility Fund Expenses Current Year Budget Prior Year 2.1.a Packet Pg. 20 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 18 FUND 422 – STORM UTILITY FUND SUMMARY Fund 422 - Storm Utility Fund Revenues Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 672,191$ 672,191$ 542,348$ 542,348$ -19.32% February 2,111,161 1,438,970 1,169,775 1,712,123 -18.90% March 2,762,897 651,736 544,143 2,256,265 -18.34% April 3,296,452 533,555 499,506 2,755,771 -16.40% May 3,895,946 599,495 551,418 3,307,189 -15.11% June 4,413,556 517,610 492,629 3,799,818 -13.91% July 4,999,182 585,625 568,123 4,367,941 -12.63% August 6,298,086 1,298,904 4,478,955 8,846,897 40.47% September 6,894,458 596,373 562,711 9,409,608 36.48% October 7,448,274 553,816 755,852 10,165,459 36.48% November 8,506,043 1,057,769 1,443,652 11,609,111 36.48% December 9,086,716 580,673 792,506 12,401,617 36.48% Fund 422 - Storm Utility Fund Expenses Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 728,094$ 728,094$ 397,818$ 397,818$ -45.36% February 2,286,738 1,558,644 457,806 855,625 -62.58% March 2,992,676 705,938 332,627 1,188,252 -60.29% April 3,570,604 577,928 372,195 1,560,446 -56.30% May 4,219,957 649,352 354,257 1,914,703 -54.63% June 4,780,614 560,658 443,803 2,358,506 -50.67% July 5,414,944 634,330 427,407 2,785,914 -48.55% August 6,821,872 1,406,928 1,293,997 4,079,910 -40.19% September 7,467,843 645,970 946,430 5,026,341 -32.69% October 8,067,717 599,874 403,754 5,430,095 -32.69% November 9,213,457 1,145,740 771,157 6,201,252 -32.69% December 9,842,422 628,965 423,334 6,624,586 -32.69% *The monthly budget forecast columns are based on a five-year average. City of Edmonds, WA Monthly Revenue Summary-Fund 422 - Storm Utility Fund 2024 City of Edmonds, WA Monthly Expenditure Summary-Fund 422 - Storm Utility Fund 2024 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Fund 422 -Storm Utility Fund Revenues Current Year Budget Prior Year 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Fund 422 -Storm Utility Fund Expenses Current Year Budget Prior Year 2.1.a Packet Pg. 21 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 19 FUND 423 – SEWER UTILITY FUND SUMMARY Fund 423 - Sewer Utility Fund Revenues Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 1,687,922$ 1,687,922$ 1,476,339$ 1,476,339$ -12.54% February 3,157,126 1,469,204 1,418,266 2,894,605 -8.32% March 4,456,021 1,298,895 1,449,133 4,343,737 -2.52% April 5,760,746 1,304,725 2,353,378 6,697,115 16.25% May 7,543,920 1,783,174 1,462,475 8,159,590 8.16% June 8,534,081 990,162 1,340,953 9,500,543 11.32% July 10,048,029 1,513,948 1,507,137 11,007,681 9.55% August 11,755,236 1,707,207 8,245,929 19,253,610 63.79% September 13,439,062 1,683,826 1,541,778 20,795,387 54.74% October 14,631,473 1,192,411 1,845,118 22,640,505 54.74% November 18,018,844 3,387,371 5,241,564 27,882,069 54.74% December 20,019,768 2,000,924 3,096,197 30,978,266 54.74% Fund 423 - Sewer Utility Fund Expenses Cumulative Monthly Monthly YTD Variance Budget Forecast Budget Forecast Actuals Actuals % January 1,035,408$ 1,035,408$ 1,373,009$ 1,373,009$ 32.61% February 2,009,872 974,464 1,032,356 2,405,366 19.68% March 3,218,482 1,208,610 1,115,359 3,520,725 9.39% April 4,925,786 1,707,303 1,702,160 5,222,885 6.03% May 6,562,115 1,636,329 910,860 6,133,745 -6.53% June 8,402,137 1,840,022 1,362,165 7,495,911 -10.79% July 10,222,675 1,820,538 1,246,323 8,742,234 -14.48% August 11,835,035 1,612,360 8,989,413 17,731,647 49.82% September 14,187,219 2,352,184 1,661,525 19,393,172 36.69% October 15,857,930 1,670,711 2,283,773 21,676,945 36.69% November 17,953,941 2,096,010 2,865,134 24,542,079 36.69% December 23,397,507 5,443,566 7,441,065 31,983,144 36.69% *The monthly budget forecast columns are based on a five-year average. City of Edmonds, WA Monthly Revenue Summary-Fund 423 - Sewer Utility Fund 2024 City of Edmonds, WA Monthly Expenditure Summary-Fund 423 - Sewer Utility Fund 2024 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 20,000,000 22,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Fund 423 -Sewer Utility Fund Revenues Current Year Budget Prior Year 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 20,000,000 22,000,000 24,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Fund 423 -Sewer Utility Fund Expenses Current Year Budget Prior Year 2.1.a Packet Pg. 22 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 20 UTILITY EXPENSE SUMMARY Title 2024 Amended Budget 9/30/2023 Expenditures 9/30/2024 Expenditures Amount Remaining % Spent WATER UTILITY FUND 13,837,584$ 7,238,401$ 12,185,891$ 1,651,693$ 88% STORM UTILITY FUND 9,842,422 3,803,207 5,026,341 4,816,081 51% SEWER/WWTP UTILITY FUND 23,397,507 11,067,158 19,393,172 4,004,335 83% BOND RESERVE FUND 1,988,830 574,892 1,399,406 589,424 70% 49,066,343$ 22,683,658$ 38,004,810$ 11,061,533$ 77% EXPENDITURES - UTILITY- BY FUND IN SUMMARY CITY OF EDMONDS 2.1.a Packet Pg. 23 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 21 INVESTMENT PORTFOLIO SUMMARY Years Agency/Investment Purchase to Par Market Maturity Coupon Issuer Type Price Maturity Value Value Date Rate FHLB Bonds 950,774 0.13 1,000,000 994,941 11/18/24 0.90% Spokane County WA Bonds 207,260 0.17 200,000 199,118 12/01/24 2.10% First Financial - Waterfront Center CD 245,000 0.24 245,000 245,000 12/27/24 2.47% FHLMC Bonds 974,798 0.45 1,000,000 998,328 03/13/25 3.75% Farmer Mac Bonds 1,995,088 0.55 2,000,000 1,998,890 04/17/25 4.25% FHLB Bonds 969,524 0.82 1,000,000 997,431 07/28/25 3.60% US Treasury Note Note 964,597 0.87 1,000,000 992,758 08/15/25 3.13% FFCB Bonds 1,982,692 1.19 2,000,000 2,007,953 12/08/25 4.13% Farmer Mac Bonds 1,994,172 1.34 2,000,000 2,004,207 02/02/26 3.95% FHLMC Bonds 993,661 1.81 1,115,000 1,058,552 07/22/26 0.83% Farmer Mac Bonds 2,057,309 2.13 2,305,000 2,189,873 11/17/26 1.15% First Financial - ECA CD 2,803,516 3.13 2,803,516 2,803,516 11/15/27 2.96% TOTAL SECURITIES 16,138,392 1.07 16,668,516 16,490,567 Washington State Local Gov't Investment Pool 55,857,403 55,857,403 Demand 5.23% TOTAL PORTFOLIO 72,525,919$ 72,347,971$ As of September 30, 2024 City of Edmonds Investment Portfolio Detail First Financial - CD, 18% Spokane County WA, 1% FFCB, 12% FHLB, 12%FHLMC, 13% Farmer Mac, 38% Issuer Diversification Checking, $3.77 , 5% State LGIP, $55.86 , 73% CD's , $3.05 , 4% Note, $1.00 , 1%Bonds , $12.62 , 17% Cash and Investment Balances (in $ Millions) 2.1.a Packet Pg. 24 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) 22 INVESTMENT PORTFOLIO SUMMARY $1,236,875 $947,931 $950,684 $1,091,709 $1,683,872 $2,234,044 $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 2019 2020 2021 2022 2023 YTD 2024 Annual Interest Income 2.1.a Packet Pg. 25 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) City of Edmonds 2024 General Fund (001) Cash Flow Report (with ACTUALS) Difference Revenues Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Forecast Nov Forecast Dec Forecast Total (Forecast)Budget inc / (dec) Property Tax 21,016 366,893 755,437 6,153,028 1,063,611 74,286 30,722 54,697 243,501 5,861,219 1,034,766 55,068 15,714,245 15,905,500 (191,255) Sales Tax 1,061,193 1,158,271 948,328 949,258 1,069,826 1,003,253 1,083,664 1,114,740 1,091,235 1,180,429 1,221,687 1,106,203 12,988,087 13,459,600 (471,513) Amusements & Utility Tax 513,836 865,277 655,472 567,877 630,223 544,066 491,392 662,208 577,806 388,708 727,016 588,611 7,212,493 7,743,849 (531,356) Excise & Other Taxes - 81,406 - 2,448 84,129 - - 83,193 - - 84,940 73 336,189 326,000 10,189 License & Permits 298,154 162,918 68,969 322,066 84,523 61,744 224,952 135,097 242,845 225,430 205,556 64,318 2,096,572 1,993,750 102,822 Other Governments & Grants 187,239 - 112,069 138,735 312,945 257,513 155,683 12,050 118,833 41,462 458,016 216,596 2,011,141 1,204,710 806,431 Service Fees 159,253 194,102 1,091,628 239,048 169,274 614,426 202,824 294,331 238,942 268,578 192,692 634,120 4,299,218 4,238,512 60,706 Interfund Service Fees1 138,726 507,933 313,147 334,873 308,477 315,117 291,459 315,275 332,375 335,046 300,350 558,692 4,051,470 4,048,014 3,456 Fines & Penalties 19,021 29,017 - 91,609 153,244 68,090 100 61,362 56,394 65,725 - 157,954 702,516 902,350 (199,834) Miscellaneous 133,900 50,526 61,266 87,751 81,833 113,611 78,630 88,410 80,459 154,656 161,953 91,383 1,184,378 1,009,132 175,246 Disposal of Capital Assets - - - - - 10,000 - - - - - - 10,000 - 10,000 Transfers - 385,274 - - - - - - - - - - 385,274 471,075 (85,801) 2,532,339 3,801,618 4,006,316 8,886,692 3,958,085 3,062,106 2,559,427 2,821,363 2,982,389 8,521,253 4,386,976 3,473,018 50,991,583 51,302,492 (310,909) Expenditures Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Forecast Nov Forecast Dec Forecast Total (Forecast)Budget Balance Salaries 1,868,992 1,860,417 1,848,525 1,975,160 2,402,922 2,040,193 1,993,960 1,926,131 2,103,814 1,966,234 1,963,068 1,958,929 23,908,346 23,095,383 812,963 Overtime 116,684 93,279 54,727 76,584 122,240 95,886 48,099 54,529 71,140 50,140 69,037 64,655 917,002 643,080 273,922 Holiday Buyback - - - - - - - 4,068 - - 380,011 5,374 389,453 294,001 95,452 Benefits 740,340 702,129 684,991 745,469 767,668 718,780 705,947 706,727 678,110 745,702 744,740 747,427 8,688,031 7,868,408 819,623 Uniforms 13,909 8,879 12,072 4,764 3,589 6,165 1,070 7,999 7,179 7,394 3,581 3,197 79,798 126,931 (47,133) Pension 2,932 - 5,864 2,932 2,932 2,932 5,859 3,517 3,517 9,024 5,929 5,929 51,366 141,668 (90,302) Supplies 13,474 28,205 36,924 25,194 112,010 33,603 32,205 31,760 31,515 93,274 51,780 60,694 550,636 677,285 (126,649) Small Equipment 1,388 5,978 935 5,873 7,240 7,973 11,694 16,873 (1,963) 22,564 3,285 17,947 99,788 239,791 (140,003) Professional Services 414,539 504,373 572,676 405,136 441,983 459,554 427,520 1,254,195 1,258,923 1,310,638 1,567,710 1,484,527 10,101,773 11,063,360 (961,587) Communications 11,170 8,838 20,583 25,147 7,697 15,162 18,762 18,264 16,906 12,136 13,823 29,348 197,837 236,105 (38,268) Travel 695 2,208 4,646 1,304 8,236 7,337 411 2,503 3,007 4,101 3,451 1,562 39,461 51,187 (11,726) Excise Taxes 2,725 2,136 3,250 2,554 2,304 2,423 3,211 2,136 4,601 3,029 1,991 1,737 32,098 30,000 2,098 Interfund Rent 315,916 322,079 323,652 319,860 315,908 320,122 309,344 321,845 309,778 321,806 328,193 326,679 3,835,181 3,913,541 (78,360) Insurance 910,495 - - - - - - - - - - - 910,495 883,686 26,809 Utilities 56,826 45,879 62,960 62,997 63,245 28,032 76,626 51,697 98,706 47,846 57,730 70,110 722,653 663,800 58,853 Repair & Maint 81,539 22,811 34,904 29,285 10,924 2,320 20,497 22,208 4,153 42,573 19,276 27,207 317,698 388,300 (70,602) Miscellaneous 66,908 74,660 42,575 34,243 26,483 22,362 27,319 41,135 19,410 42,685 12,851 17,464 428,095 424,867 3,228 Contingency - 25,000 - - - - - - - - - - 25,000 25,000 - Transfer - - - - - 525,000 - - - - 62,695 49,478 637,173 650,000 (12,827) Building (Capital) 34,040 - - - - 408,179 - (408,179) - - - - 34,040 - 34,040 Machinery & Equipment (Capital) - - - - 20 - - 12,233 - - - - 12,253 - 12,253 Construction (Capital) - - - - - - - - - - - - - - - Lease - - - 44,224 23,750 23,750 23,750 23,750 23,750 23,750 23,750 23,750 234,224 300,000 (65,776) Debt - Principal - - - - - - - - - - - 197,120 197,120 197,120 - Debt - Interest - - 9,562 21,356 - 61,886 1,792 7,242 14,197 - - 61,890 177,924 123,780 54,144 Debt - Other - - - - - - - - - - - - - 500 (500) 4,652,570 3,706,872 3,718,847 3,782,082 4,319,151 4,781,657 3,708,067 4,100,634 4,646,743 4,702,897 5,312,899 5,155,025 52,587,445 52,037,793 549,652 Net Revenue/(Expenditures) (2,120,231) 94,746 287,469 5,104,610 (361,065) (1,719,552) (1,148,640) (1,279,271) (1,664,354) 3,818,356 (925,923) (1,682,007) (1,595,862) (735,301) (860,561) Changes in AR 30,743 30,894 (8,337) 16,329 63,269 (19,719) 5,278 (16,524) (45,181) Changes in AP (256,704) (227,711) 31,069 175,337 (125,023) (132,356) 5,313 (7,087) (3,148) Cash Balance (2,511,077) (2,613,147) (2,302,946) 2,993,329 2,570,509 698,883 (439,166) (1,742,048) (3,454,731) 2.1.a Packet Pg. 26 At t a c h m e n t : S e p t e m b e r 2 0 2 4 Q u a r t e r l y F i n a n c i a l R e p o r t v 1 ( S e p t e m b e r Q u a r t e r l y F i n a n c i a l R e p o r t ) City Council Agenda Item Meeting Date: 10/15/2024 2024 October Budget Amendment Ordinance Staff Lead: Kim Dunscombe Department: Administrative Services Preparer: Marissa Cain Background/History Amend the 2024 Ordinance No. 4363 Staff Recommendation Staff recommends that Council approve Ordinance No. XXXX amending the 2024 Budget. Attachments: 2024 October Decision Package Exhibits 2024 October Budget Amendment Ordinance 2.2 Packet Pg. 27 Budget Amendment for: Item Description: Department: Division: Title: Preparer: Budget Amendment Type How is this amendment funded? What is the nature of the expenditure?One-Time Is the Expenditure Operating or Capital?Operating Expenditure Increase (Decrease) Account Number 2024 2025 2026 2027 2028 001.000.22.518.10.31.00 45$ -$ -$ -$ -$ 001.000.22.518.10.31.10 5,415 - - - - 001.000.22.518.10.49.00 3,599 - - - - 001.000.22.518.10.43.00 3,670 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Expenditure Increase (Decrease)12,729$ -$ -$ -$ -$ Revenue Increase (Decrease) Account Number 2024 2025 2026 2027 2028 001.000.367.00.000.00 8,000$ -$ -$ -$ -$ 001.000.337.09.000.00 3,890 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Revenue Increase (Decrease)11,890$ -$ -$ -$ -$ Ending Fund Balance Increase (Decrease) Account Number 2024 2025 2026 2027 2028 001.000.39.508.00.00.00 (839)$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Ending Fund Balance Increase (Decrease)(839)$ -$ -$ -$ -$ Description Donation/Contributions Miscellaneous Interlocal Revenue Description Ending Fund Balance Description Supplies Wellness Program Supplies Miscellaneous Travel October 22, 2024 This decision package gives budget authority for the City of Edmonds' Employee Picnic ($8,169), Labor Relations training($890) and Public Risk Management Association Training ($3,670). The training expenditures received reimbursement from WCIA, and the Employee picnic was funded with a private donation. Human Resources 001 GENERALFund Name: Emily Wagener Previously Approved Budget By Council 3rd Quarter Budget Amendment Date of Discussion or Budget Approval? Partially Funded 2024 October Budget Amendment 1 2.2.a Packet Pg. 28 At t a c h m e n t : 2 0 2 4 O c t o b e r D e c i s i o n P a c k a g e E x h i b i t s ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t ) Budget Amendment for: Item Description: Department: Division: Title: Preparer: Budget Amendment Type How is this amendment funded? What is the nature of the expenditure?On-Going Is the Expenditure Operating or Capital?Operating Expenditure Increase (Decrease) Account Number 2024 2025 2026 2027 2028 001.000.41.521.10.11.00 33,929$ 8,954$ -$ -$ -$ 001.000.41.521.10.23.00 2,876 1,013 - - - 001.000.41.521.10.41.00 1,080 270 - - - 001.000.41.521.10.35.00 1,859 - - - - 001.000.41.521.10.41.00 4,370 - - - - 001.000.41.521.22.41.00 131,880 - - - - - - - - - - - - - - - - - - - - - - - - Total Expenditure Increase (Decrease)175,994$ 10,237$ -$ -$ -$ Revenue Increase (Decrease) Account Number 2024 2025 2026 2027 2028 001.00.334.01.110.00 6,236$ -$ -$ -$ -$ 001.00.334.00.000.00 37,885 10,237 - - - 001.00.334.00.000.00 131,873 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Revenue Increase (Decrease)175,994$ 10,237$ -$ -$ -$ Ending Fund Balance Increase (Decrease) Account Number 2024 2025 2026 2027 2028 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Ending Fund Balance Increase (Decrease)-$ -$ -$ -$ -$ October 22, 2024 The police department received three grants to cover additional services or equpment for our officers and the community. We received the ARTG Grant that will cover the salary and benefits from July 2024 - February 2025 including the supervision costs. We recieved the WSCJTC Wellness Grant which provided a massage chair and professional services for nutritional counseling and recovery and stretching instruction for our officers. The Police department also recieved the WATPA grant which will cover two years of Flock services for the PD to utilize in the course of performing their jobs. Police Department 001 GENERALFund Name: Alexandra Ehlert New Item For Council To Consider Date of Discussion or Budget Approval? 100% Ending Fund Balance Fill out on-going costs & revenues Description Salary for Erin Nathan - Social Worker Benefits for Erin Nathan - Social Worker Social Worker Supervision Wellness Grant - Massage Chair Wellness Grant - Professional Services WATPA - Flock Grant Description WSCJTC - Officer Wellness Grant AWC - Alternative Response Team Grant WATPA - Flock Grant Description 2024 October Budget Amendment 2 2.2.a Packet Pg. 29 At t a c h m e n t : 2 0 2 4 O c t o b e r D e c i s i o n P a c k a g e E x h i b i t s ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t ) Budget Amendment for: Item Description: Department: Division: Title: Preparer: Budget Amendment Type How is this amendment funded? What is the nature of the expenditure?One-Time Is the Expenditure Operating or Capital?Operating Expenditure Increase (Decrease) Account Number 2024 2025 2026 2027 2028 001.000.39.518.10.11.10 550,000$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Expenditure Increase (Decrease)550,000$ -$ -$ -$ -$ Revenue Increase (Decrease) Account Number 2024 2025 2026 2027 2028 -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Revenue Increase (Decrease)-$ -$ -$ -$ -$ Ending Fund Balance Increase (Decrease) Account Number 2024 2025 2026 2027 2028 001.000.39.508.00.00.00 (550,000)$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Ending Fund Balance Increase (Decrease)(550,000)$ -$ -$ -$ -$ October 22, 2024 Throughout 2024, the city's financial story has been shaped by several factors that have significantly impacted the General Fund. As the Mayor has discussed on numerous occasions, the ambitious goal of achieving a $3.2 million vacancy rate in the General Fund has proven difficult to realize. Historical vacancy data, along with the complexities of under budgeted collective bargaining agreement (CBA) negotiations, and unbudgeted separation payouts, have contributed to this challenge. The initial vacancy assumption did not fully account for these factors, leaving the General Fund short of its target. To maintain financial transparency, compliance, and to avoid a finding in the upcoming audit related to overspending within the General Fund appropriation authority, I am requesting an amendment to increase the General Fund spending authority by $550,000. This adjustment is necessary to align the budget with forecasted expenditures and to ensure the city remains in compliance with state budgetary laws. Non-Department 001 GENERALFund Name: Kim Dunscombe New Item For Council To Consider Date of Discussion or Budget Approval? 100% Ending Fund Balance Description Offset vacancy rate adjustment Description Description Ending Fund Balance 2024 October Budget Amendment 3 2.2.a Packet Pg. 30 At t a c h m e n t : 2 0 2 4 O c t o b e r D e c i s i o n P a c k a g e E x h i b i t s ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t ) Budget Amendment for: Item Description: Department: Division: Title: Preparer: Budget Amendment Type How is this amendment funded? What is the nature of the expenditure?On-Going Is the Expenditure Operating or Capital?Capital Expenditure Increase (Decrease) Account Number 2024 2025 2026 2027 2028 117.100.64.573.20.41.00 35,000$ 100,000$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Expenditure Increase (Decrease) 35,000$ 100,000$ -$ -$ -$ Revenue Increase (Decrease) Account Number 2024 2025 2026 2027 2028 117.100.367.00.000.00 $75,000 -$ -$ -$ -$ 117.100.334.05.800.01 - 60,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Revenue Increase (Decrease) 75,000$ 60,000$ -$ -$ -$ Ending Fund Balance Increase (Decrease) Account Number 2024 2025 2026 2027 2028 117.100.64.508.40.00.00 40,000$ (40,000)$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Ending Fund Balance Increase (Decrease) 40,000$ (40,000)$ -$ -$ -$ Description Private Donation WA Arts Commission Capital Grant Description Ending Fund Balance Fill out on-going costs & revenues Description Professional Service October 22, 2024 In 2023 the City applied for a capital grant from the Washington State Arts Commission for the Edmonds Creative District to create a Gateway Art Project at Anway Park adjacent to the ferry holding lanes. A reimbursable grant of $60,000 was awarded 3/1/24. The required match of $60,000 was donated by the Edmonds Arts Festival Foundation with an additional donation up to $15,000 to cover costs of the initial artist selection process. A cooperative agreement with EAFF was signed by the City in May 2024. The RFQ was approved by City Council 6/18/24 and the selection process is underway. Initial funds will be expended by the end of 2024 with the remaining funds expended in 2025 to complete the project. Community, Culture & Economic Development 117 MUNICIPAL ARTS Cultural Services Fund Name:Creative District capital grant and donations for Gateway Art Project Frances Chapin Previously Discussed By Council Date of Discussion or Budget Approval?Jun 18 2024 Reimbursed by Grants or Outside Agencies 2024 October Budget Amendment 4 2.2.a Packet Pg. 31 At t a c h m e n t : 2 0 2 4 O c t o b e r D e c i s i o n P a c k a g e E x h i b i t s ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t ) Budget Amendment for: Item Description: Department: Division: Title: Preparer: Budget Amendment Type How is this amendment funded? What is the nature of the expenditure?One-Time Is the Expenditure Operating or Capital?Operating Expenditure Increase (Decrease) Account Number 2024 2025 2026 2027 2028 142.000.39.522.20.41.50 115,000$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Expenditure Increase (Decrease) 115,000$ -$ -$ -$ -$ Revenue Increase (Decrease) Account Number 2024 2025 2026 2027 2028 142.000.333.21.019.00 115,000$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Revenue Increase (Decrease) 115,000$ -$ -$ -$ -$ Ending Fund Balance Increase (Decrease) Account Number 2024 2025 2026 2027 2028 -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Ending Fund Balance Increase (Decrease) -$ -$ -$ -$ -$ Description Description Coronavirus Relief Fund Description Fire Service Contract New Item For Council To Consider Date of Discussion or Budget Approval? 100% Ending Fund Balance October 22, 2024 The city will receive unused ARPA funds from two beneficiaries. Shoreline Community College will return $75,000 of unused ARPA funds, and Washington Kids in Transition will return $40,000 in funds that were initially offered as a deposit at the beginning of the Housing Grant Program. This budget amendment adds the expenditure authority to use the returned ARPA funds towards the Edmonds Fire Contract before year's end, when all ARPA funds must be spent. Finance 001 GENERALFund Name:ARPA Funds for Fire Contract Marissa Cain 2024 October Budget Amendment 5 2.2.a Packet Pg. 32 At t a c h m e n t : 2 0 2 4 O c t o b e r D e c i s i o n P a c k a g e E x h i b i t s ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t ) Budget Amendment for: Item Description : Department: Division: Title: Preparer: Budget Amendment Type How is this amendment funded? What is the nature of the expenditure?One-Time Is the Expenditure Operating or Capital?Capital Expenditure Increase (Decrease) Account Number 2024 2025 2026 2027 2028 421.200.74.592.34.84.00 90,951 -$ -$ -$ -$ 422.200.72.592.31.84.00 23,936 - - - - 421.000.74.592.34.84.00 17,106 - - - - 421.000.74.593.34.71.00 753,175 - - - - 421.000.74.599.34.71.00 3,891,699 - - - - 421.000.74.599.34.84.00 19,295 - - - - 424.000.71.597.30.55.00 278,030 - - - - 422.000.72.592.31.84.00 2,854 422.000.72.593.31.71.00 126,948 422.000.72.599.31.71.00 648,872 422.000.72.599.31.84.00 3,220 - - - - 424.000.71.597.30.55.00 117,953 423.000.75.592.35.84.00 28,078 423.000.75.593.35.71.00 1,248,909 423.000.75.599.35.71.00 6,389,228 423.000.75.599.35.84.00 31,672 424.000.71.597.30.55.00 446,533 - - - - - - - - - Total Expenditure Increase (Decrease)14,118,459 -$ -$ -$ -$ Revenue Increase (Decrease) Account Number 2024 2025 2026 2027 2028 421.200.391.20.000.00 8,516,725 -$ -$ -$ -$ 421.200.392.20.000.00 1,074,252 422.200.391.20.000.00 2,241,300 - - - - 422.200.392.20.000.00 282,662 - - - - 421.000.393.00.000.00 3,408,480 - - - - 421.000.392.20.000.00 519,626 - - - - 421.000.397.34.424.00 278,030 - - - - 422.000.393.00.000.00 568,616 422.000.392.20.000.00 86,338 422.000.397.38.424.00 117,953 423.000.393.00.000.00 5,594,881 423.000.392.20.000.00 854,102 423.000.397.35.424.00 446,533 - - - - - - - - - - Total Revenue Increase (Decrease)23,989,498 -$ -$ -$ -$ Ending Fund Balance Increase (Decrease) Account Number 2024 2025 2026 2027 2028 421.000.74.508.89.00.00 (475,139) -$ -$ -$ -$ 421.200.74.508.19.00.00 9,500,026 - - - - 422.000.72.508.89.00.00 (8,987) - - - - 422.200.72.508.19.00.00 2,500,026 - - - - 423.000.75.508.89.00.00 (802,371) - - - - 424.000.71.508.19.00.00 (842,516) - - - - - - - - - Total Ending Fund Balance Increase (Decrease)9,871,039 -$ -$ -$ -$ Transfer Restricted Cash-2024 Bond Issue Description 2024 Revenue Bond Proceeds 2024 Revenue Bond Premium Transfer Restricted Cash-2024 Bond Issue 2024 Debt Issue Costs 2024 Advance Refunding 2013 Bond Issue 2024 Payment to Escrow on 2013 Refunding 2024 Debt Issue Cost to Escrow on 2013 Refunding Description Ending Fund Balance Ending Fund Balance Ending Fund Balance Ending Fund Balance Ending Fund Balance Ending Fund Balance Description 2024 Debt Issue Costs 2024 Debt Issue Costs Transfer Restricted Cash-2024 Bond Issue 2024 Debt Issue Cost to Escrow on 2013 Refunding 2024 Debt Issue Cost to Escrow on 2013 Refunding 2024 Debt Issue Costs 2024 Advance Refunding 2013 Bond Issue 2024 Payment to Escrow on 2013 Refunding 2024 Debt Issue Costs 2024 Advance Refunding 2013 Bond Issue 2024 Payment to Escrow on 2013 Refunding Transfer Restricted Cash-2024 Bond Issue 2024 Refunding Bond Premium 2024 Revenue Bond Proceeds 2024 Revenue Bond Premium 2024 Refunding Bond 2024 Refunding Bond 2024 Refunding Bond Premium Transfer Restricted Cash-2024 Bond Issue 2024 Refunding Bond 2024 Refunding Bond Premium Transfer Restricted Cash-2024 Bond Issue October 22, 2024 Record the 2024 bond issue for new water and storm funds along with the funding to refinance the 2013 revenue bonds. This entry includes all the proceeds received, debt issue costs and refunding entries. Administrative Services MULTIPLE FUNDSFinance Department Fund Name:2024 Bond Issue and Refinancing Deb Sharp Previously Discussed By Council Date of Discussion or Budget Approval?5-28-2024 Ordiance #4358 Bond Ordinance 100% Ending Fund Balance 2024 October Budget Amendment 6 2.2.a Packet Pg. 33 At t a c h m e n t : 2 0 2 4 O c t o b e r D e c i s i o n P a c k a g e E x h i b i t s ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t ) Budget Amendment for: Item Description: Department: Division: Title: Preparer: Budget Amendment Type How is this amendment funded? What is the nature of the expenditure?On-Going Is the Expenditure Operating or Capital?Operating Expenditure Increase (Decrease) Account Number 2024 2025 2026 2027 2028 421.000.74.591.34.72.30 170,205.00 -$ -$ -$ -$ 421.000.74.592.34.83.30 258,380.00 - - - - 422.000.72.591.31.72.30 44,916.00 - - - - 422.000.72.592.31.83.30 60,882.00 - - - - 423.000.75.591.35.72.30 124,881.00 - - - - 423.000.75.592.35.83.30 121,223.00 - - - - 424.000.71.591.31.72.00 (15,000.00) - - - - 424.000.71.591.34.72.00 (85,000.00) - - - - 424.000.71.591.35.72.00 (150,000.00) - - - - 424.000.71.592.31.83.00 (17,506.00) - - - - 424.000.71.592.34.83.00 (104,765.00) - - - - 424.000.71.592.35.83.00 (172,441.00) - - - - 421.000.74.597.34.55.24 (189,765.00) - - - - 422.000.72.597.31.55.24 (32,512.00) - - - - 423.000.75.597.35.55.24 (322,441.00) - - - - - - - - Total Expenditure Increase (Decrease) (308,943.00) -$ -$ -$ -$ Revenue Increase (Decrease) Account Number 2024 2025 2026 2027 2028 424.000.397.31.422.00 (32,512.00) -$ -$ -$ -$ 424.000.397.34.421.00 (189,765.00) - - - - 424.000.397.35.423.00 (322,441.00) - - - - - - - - Total Revenue Increase (Decrease) (544,718.00) -$ -$ -$ -$ Ending Fund Balance Increase (Decrease) Account Number 2,024.00 2025 2026 2027 2028 421.000.74.508.89.00.00 (238,820.00) -$ -$ -$ -$ 422.000.72.508.89.00.00 (73,286.00) - - - - 423.000.75.508.89.00.00 76,337.00 - - - - 424.000.75.508.19.00.00 (6.00) - - - - Total Ending Fund Balance Increase (Decrease) (235,775.00) -$ -$ -$ -$ October 22, 2024 Record the 2024 revenue bond issue debt payment for December 2024 and remove the 2013 that was originally budgeted. Administrative Services MULTIPLE FUNDSFinance Department Fund Name:Add the 2024 Revenue Bond Payment and Remove the 2013 Debt Payment Deb Sharp 2024 Revenue Bond Interest Previously Discussed By Council Date of Discussion or Budget Approval?5-28-2024 Ordiance #4358 Bond Ordinance 100% Ending Fund Balance Fill out on-going costs & revenues Description 2024 Revenue Bond Principal 2024 Revenue Bond Interest 2024 Revenue Bond Principal 2024 Revenue Bond Principal 2024 Revenue Bond Interest 2013 Revenue Bond Principal 2013 Revenue Bond Principal 2013 Revenue Bond Principal 2013 Revenue Bond Interest 2013 Revenue Bond Interest 2013 Revenue Bond Interest Intefund Transfer to Fund 424 Intefund Transfer to Fund 424 Intefund Transfer to Fund 424 Description Intefund Transfer to Fund 424 Intefund Transfer to Fund 424 Intefund Transfer to Fund 424 Ending Fund Balance Description Ending Fund Balance Ending Fund Balance Ending Fund Balance 2024 October Budget Amendment 7 2.2.a Packet Pg. 34 At t a c h m e n t : 2 0 2 4 O c t o b e r D e c i s i o n P a c k a g e E x h i b i t s ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t ) Budget Amendment for: Item Description: Department: Division: Title: Preparer: Budget Amendment Type How is this amendment funded? What is the nature of the expenditure?One-Time Is the Expenditure Operating or Capital?Capital Expenditure Increase (Decrease) Account Number 2024 2025 2026 2027 2028 511.100.77.594.48.64.00 445,000$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Expenditure Increase (Decrease) 445,000$ -$ -$ -$ -$ Revenue Increase (Decrease) Account Number 2024 2025 2026 2027 2028 -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Revenue Increase (Decrease) -$ -$ -$ -$ -$ Ending Fund Balance Increase (Decrease) Account Number 2024 2025 2026 2027 2028 511.100.77.508.89.00.00 (445,000)$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Total Ending Fund Balance Increase (Decrease) (445,000)$ -$ -$ -$ -$ Description Description Equipment B-Fund Description Equipment B-Fund October 22, 2024 This budget adjustment is a continuation of the original carryforward adjustment from the 2023 budget that was submitted in January 2024. The original carryforward amendment submitted was for $1,600,000 and through capital project reductions and uncertanty of future project completions, the final carryforward was reduced to $690,000 with the intention to bring forward this remaining budget request at a later date. Completion of new police vehicle upfitting was uncertain in the beginning of 2024. Direction to complete these police vehicle projects require approval of the original funding from the 2023 budget. This amendment is to complete the upfitting of the 20 police vehicles that we received in September of 2023. Public Works 511 EQUIPMENT RENTALFleetFund Name:Fleet Manager Carl Rugg Previously Approved Budget By Council Previous Year Carryforward Amendment Date of Discussion or Budget Approval? 100% Ending Fund Balance 2024 October Budget Amendment 8 2.2.a Packet Pg. 35 At t a c h m e n t : 2 0 2 4 O c t o b e r D e c i s i o n P a c k a g e E x h i b i t s ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t )   1    ORDINANCE NO. AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, AMENDING ORDINANCE NO. 4363 AS A RESULT OF UNANTICIPATED TRANSFERS AND EXPENDITURES OF VARIOUS FUNDS, AND FIXING A TIME WHEN THE SAME SHALL BECOME EFFECTIVE. WHEREAS, previous actions taken by the City Council require Interfund Transfers and increases in appropriations; and WHEREAS, state law requires an ordinance be adopted whenever money is transferred from one fund to another; and WHEREAS, the City Council has reviewed the amended budget appropriations and information which was made available; and approves the appropriation of local, state, and federal funds and the increase or decrease from previously approved programs within the 2024 Budget; and WHEREAS, the applications of funds have been identified; THEREFORE, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Section 1. of Ordinance No. 4363 adopting the final budget for the fiscal year 2024 is hereby amended to reflect the changes shown in Exhibits A, B, C, and D adopted herein by reference. 2.2.b Packet Pg. 36 At t a c h m e n t : 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t O r d i n a n c e ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t )   2    Section 2. Effective Date. This ordinance, being an exercise of a power specifically delegated to the City legislative body, is not subject to referendum, and shall take effect five (5) days after passage and publication of an approved summary thereof consisting of the title. APPROVED: MAYOR, MIKE ROSEN ATTEST/AUTHENTICATE: CITY CLERK, SCOTT PASSEY APPROVED AS TO FORM: OFFICE OF THE CITY ATTORNEY: BY JEFF TARADAY FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: PUBLISHED: EFFECTIVE DATE: ORDINANCE NO. 2.2.b Packet Pg. 37 At t a c h m e n t : 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t O r d i n a n c e ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t )   3    SUMMARY OF ORDINANCE NO. _________ of the City of Edmonds, Washington     On the ___th day of July, 2024, the City Council of the City of Edmonds, passed Ordinance No. XXXX. A summary of the content of said ordinance, consisting of the title, provides as follows: AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, AMENDING ORDINANCE NO. 4363 AS A RESULT OF UNANTICIPATED TRANSFERS AND EXPENDITURES OF VARIOUS FUNDS, AND FIXING A TIME WHEN THE SAME SHALL BECOME EFFECTIVE. The full text of this Ordinance will be mailed upon request. DATED this _____ day of ________________, 2024.   CITY CLERK, SCOTT PASSEY 2.2.b Packet Pg. 38 At t a c h m e n t : 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t O r d i n a n c e ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t ) EXHIBIT “A”: Budget Amendment Summary (October 2024)  4    2024 2024 UNAUDITED ADJUSTED BUDGET FUND FUND BEGINNING ENDING NO. DESCRIPTION FUND BALANCE REVENUE EXPENDITURES FUND BALANCE 001 GENERAL FUND 2,492,460                51,490,376              52,776,516              1,206,320                 009 LEOFF‐MEDICAL INS. RESERVE 139,774                    250,000                    367,140                    22,634                       011 RISK MANAGEMENT RESERVE FUND ‐                              ‐                              ‐                              ‐                             012 CONTINGENCY RESERVE FUND 2,228,672                 ‐                              ‐                             2,228,672                 014 HISTORIC PRESERVATION GIFT FUND 8,944                         ‐                             11,701                      (2,757)                        016 BUILDING MAINTENANCE 3,756,168                112,290                    1,533,453                2,335,005                 017 MARSH RESTORATION & PRESERVATION FUND 853,595                     ‐                             15,000                      838,595                    018 EDMONDS HOMELESSNESS RESPONSE FUND 200,000                     ‐                              ‐                             200,000                    019 EDMONDS OPIOID RESPONSE FUND 74,119                      50,000                       ‐                             124,119                    104 DRUG ENFORCEMENT FUND 40,843                      4,520                        39,000                      6,363                         111 STREET FUND 4,701                        2,630,600                2,662,492                (27,191)                     112 COMBINED STREET CONST/IMPROVE 2,734,808                5,396,813                5,395,315                2,736,306                 117 MUNICIPAL ARTS  ACQUIS. FUND 657,265                    163,631                    317,880                    503,016                    118 MEMORIAL STREET TREE ‐                              ‐                              ‐                              ‐                             120 HOTEL/MOTEL TAX REVENUE FUND 151,247                    124,371                    131,400                    144,218                    121 EMPLOYEE PARKING PERMIT FUND 83,814                      38,900                      106,880                    15,834                       122 YOUTH SCHOLARSHIP FUND 17,868                      1,740                        3,000                        16,608                       123 TOURISM PROMOTIONAL FUND/ARTS 138,157                    44,193                      43,400                      138,950                    125 PARK ACQ/IMPROVEMENT 1,992,459                1,627,900                2,826,746                793,613                    126 SPECIAL CAPITAL FUND 3,957,800                1,639,520                2,228,484                3,368,836                 127 GIFTS CATALOG FUND 3,140,448                215,830                    618,646                    2,737,632                 130 CEMETERY MAINTENANCE/IMPROV 196,244                    152,990                    290,559                    58,675                       136 PARKS TRUST FUND ‐                              ‐                              ‐                              ‐                             137 CEMETERY MAINTENANCE TRUST FD 1,212,121                55,580                      99,500                      1,168,201                 138 SISTER CITY COMMISSION 18,681                      5,680                        11,900                      12,461                       140 BUSINESS IMPROVEMENT DISTRICT FUND 37,682                      79,209                      103,545                    13,346                       141 AFFORDABLE & SUPPORTIVE HOUSING FUND 309,127                    65,000                       ‐                             374,127                    142 EDMONDS RESCUE PLAN FUND 36,932                      6,984,475                6,984,475                36,932                       143 TREE FUND 222,354                    220,930                    214,800                    228,484                    211 LID FUND CONTROL ‐                              ‐                              ‐                              ‐                             231 2012 LTGO  DEBT SERVICE FUND ‐                             310,420                    310,420                     ‐                             332 PARKS CONSTRUCTION 139,615                    1,169,365                907,660                    401,320                    421 WATER 9,601,886                26,111,857              18,848,630              16,865,113               422 STORM 6,983,494                12,383,585              10,721,538              8,645,541                 423 SEWER / TREATMENT PLANT 14,903,525              26,915,284              31,019,057              10,799,752               424 BOND RESERVE FUND 843,961                    1,451,552                2,286,634                8,879                         511 EQUIPMENT RENTAL FUND 5,298,245                2,779,730                3,219,212                4,858,763                 512 Technology Rental  Fund 421,587                    2,173,664                2,011,076                584,175                    617 FIREMEN'S PENSION FUND ‐                              ‐                              ‐                              ‐                             Totals 62,898,596              144,650,005            146,106,059            61,442,542               2.2.b Packet Pg. 39 At t a c h m e n t : 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t O r d i n a n c e ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t ) EXHIBIT “B”: Budget Amendments by Revenue (October 2024)  5      Adopted  Adopted Adopted Proposed 2024 Budget Amendment Amendment Amendment Amended FUND FUND Ord. #4335 Ord. #4349 Ord. #4363 Ord. # Revenue NO. DESCRIPTION 1/1/2024 2/27/2024 7/23/2024 10/22/2024 Budget 001 General  Fund 51,056,792$       ‐$                         245,700$       187,884$      51,490,376$            009 Leoff‐Medical  Ins. Reserve 250,000               ‐                            ‐                        ‐                      250,000                    011 Risk Management Reserve Fund ‐                            ‐                            ‐                        ‐                       ‐                                  012 Contingency Reserve Fund ‐                            ‐                            ‐                        ‐                       ‐                                  014 Historic Preservation Gift Fund ‐                            ‐                            ‐                        ‐                       ‐                                  016 Building Maintenance Fund 112,290               ‐                            ‐                        ‐                      112,290                    017 Marsh Restoration & Preservation Fund ‐                            ‐                            ‐                        ‐                       ‐                                  018 Edmonds  Homelessness Response Fund ‐                            ‐                            ‐                        ‐                       ‐                                  019 Edmonds  Opioid Response Fund 50,000                 ‐                            ‐                        ‐                      50,000                       104 Drug Enforcement Fund 4,520                   ‐                            ‐                        ‐                      4,520                         111 Street Fund 2,630,600           ‐                            ‐                        ‐                      2,630,600                 112 Combined Street Const/Improve 4,946,998          449,815               ‐                        ‐                      5,396,813                 117 Municipal  Arts  Acquis. Fund 87,776                855                       ‐                       75,000           163,631                    120 Hotel/Motel  Tax  Revenue Fund 124,371               ‐                            ‐                        ‐                      124,371                    121 Employee Parking Permit Fund 38,900                 ‐                            ‐                        ‐                      38,900                       122 Youth Scholarship Fund 1,740                   ‐                            ‐                        ‐                      1,740                         123 Tourism Promotional  Fund/Arts 44,193                 ‐                            ‐                        ‐                      44,193                       125 Park Acq/Improvement 1,627,900           ‐                            ‐                        ‐                      1,627,900                 126 Special  Capital  Fund 1,639,520           ‐                            ‐                        ‐                      1,639,520                 127 Gifts Catalog Fund 215,830               ‐                            ‐                        ‐                      215,830                    130 Cemetery Maintenance/Improv 152,990               ‐                            ‐                        ‐                      152,990                    137 Cemetery Maintenance Trust Fd 55,580                 ‐                            ‐                        ‐                      55,580                       138 Sister City Commission 5,680                   ‐                            ‐                        ‐                      5,680                         140 Business Improvement District Fund 79,209                 ‐                            ‐                        ‐                      79,209                       141 Affordable and Supportive Housing Fund 65,000                 ‐                            ‐                        ‐                      65,000                       142 Edmonds  Rescue Plan Fund 6,550,000           ‐                           319,475         115,000         6,984,475                 143 Tree Fund 220,930               ‐                            ‐                        ‐                      220,930                    211 Lid Fund Control ‐                            ‐                            ‐                        ‐                       ‐                                  231 2012 LTGO  Debt Service fund 310,420               ‐                            ‐                        ‐                      310,420                    332 Parks Construction 316,240               ‐                           853,125          ‐                      1,169,365                 421 Water 12,314,744         ‐                            ‐                       13,797,113   26,111,857               422 Storm 8,499,216          472,500              115,000         3,296,869     12,383,585               423 Sewer / Treatment Plant 20,019,768         ‐                            ‐                       6,895,516     26,915,284               424 Bond Reserve Fund 1,996,270           ‐                            ‐                       (544,718)       1,451,552                 511 Equipment Rental  Fund 2,706,730          73,000                 ‐                        ‐                      2,779,730                 512 Technology Rental  Fund 2,173,664           ‐                            ‐                        ‐                      2,173,664                 617 Firemen'S Pension Fund ‐                            ‐                            ‐                        ‐                       ‐                                  Totals 118,297,871$   996,170$           1,533,300$   23,822,664$ 144,650,005$          2.2.b Packet Pg. 40 At t a c h m e n t : 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t O r d i n a n c e ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t ) EXHIBIT “C”: Budget Amendment by Expenditure (October 2024)    6      Adopted  Adopted Adopted Proposed 2024 Budget Amendment Amendment Amendment Amended FUND FUND Ord. #4335 Ord. #4349 Ord. #4363 Ord. #Expenditure NO. DESCRIPTION 1/1/2024 2/27/2024 7/23/2024 10/22/2024 Budget 001 General Fund 51,892,793$      ‐$                        145,000$         738,723$      52,776,516$       009 Leoff‐Medical  Ins. Reserve 367,140              ‐                           ‐                          ‐                      367,140               011 Risk Management Reserve Fund ‐                           ‐                           ‐                          ‐                       ‐                            012 Contingency Reserve Fund ‐                           ‐                           ‐                          ‐                       ‐                            014 Historic Preservation  Gift Fund 11,701                ‐                           ‐                          ‐                      11,701                 016 Building Maintenance Fund 1,125,274          ‐                          408,179            ‐                      1,533,453           017 Marsh Restoration & Preservation Fund ‐                           ‐                          15,000              ‐                      15,000                 018 Edmonds Homelessness Response Fund ‐                           ‐                           ‐                          ‐                       ‐                            019 Edmonds Opioid Response Fund ‐                           ‐                           ‐                          ‐                       ‐                            104 Drug Enforcement Fund 39,000                ‐                           ‐                          ‐                      39,000                 111 Street Fund 2,662,492          ‐                           ‐                          ‐                      2,662,492           112 Combined Street Const/Improve 4,699,705         695,610              ‐                          ‐                      5,395,315           117 Municipal  Arts  Acquis. Fund 282,880              ‐                           ‐                         35,000           317,880               120 Hotel/Motel  Tax  Revenue Fund 131,400              ‐                           ‐                          ‐                      131,400               121 Employee Parking Permit Fund 26,880                ‐                          80,000              ‐                      106,880               122 Youth Scholarship Fund 3,000                  ‐                           ‐                          ‐                      3,000                   123 Tourism Promotional  Fund/Arts 43,400                ‐                           ‐                          ‐                      43,400                 125 Park Acq/Improvement 2,460,645         316,101             50,000              ‐                      2,826,746           126 Special  Capital  Fund 1,379,355         714,754             134,375            ‐                      2,228,484           127 Gifts Catalog Fund 618,646              ‐                           ‐                          ‐                      618,646               130 Cemetery Maintenance/Improv 290,559              ‐                           ‐                          ‐                      290,559               137 Cemetery Maintenance Trust Fd 25,000               74,500                ‐                          ‐                      99,500                 138 Sister City Commission 11,900                ‐                           ‐                          ‐                      11,900                 140 Business Improvement District Fund 103,545              ‐                           ‐                          ‐                      103,545               141 Affordable and Supportive Housing Fund ‐                           ‐                           ‐                          ‐                       ‐                            142 Edmonds Rescue Plan Fund 6,550,000          ‐                          319,475           115,000         6,984,475           143 Tree Fund 214,800              ‐                           ‐                          ‐                      214,800               211 Lid Fund Control ‐                           ‐                           ‐                          ‐                       ‐                            231 2012LTGO Debt Service Fund 310,420              ‐                           ‐                          ‐                      310,420               332 Parks  Construction 139,685             (85,150)              853,125            ‐                      907,660               421 Water 13,568,408       269,176              ‐                         5,011,046     18,848,630         422 Storm 8,495,157         1,202,265         145,000           879,116         10,721,538         423 Sewer / Treatment Plant 22,720,243       677,264              ‐                         7,621,550     31,019,057         424 Bond Reserve Fund 1,988,830          ‐                           ‐                         297,804         2,286,634           511 Equipment Rental  Fund 1,976,212         798,000              ‐                         445,000         3,219,212           512 Technology Rental  Fund 2,011,076          ‐                           ‐                          ‐                      2,011,076           617 Firemen'S Pension Fund ‐                           ‐                           ‐                          ‐                       ‐                            Totals 124,150,146$  4,662,520$       2,150,154$     15,143,239$ 146,106,059$    2.2.b Packet Pg. 41 At t a c h m e n t : 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t O r d i n a n c e ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t ) EXHIBIT “D”: Budget Amendment Summary (October 2024)    7               Fund Number   Proposed  Amendment   Change in  Revenue   Proposed  Amendment  Change  in Expense   Proposed  Amendment  Change  in Ending Fund  Balance  001 187,884                 738,723                    (550,839)                      117 75,000                    35,000                       40,000                          142 115,000                 115,000                     ‐                                     421 13,797,113            5,011,046                 8,786,067                    422 3,296,869              879,116                    2,417,753                    423 6,895,516              7,621,550                 (726,034)                      424 (544,718)                297,804                    (842,522)                      511 ‐                               445,000                    (445,000)                      Total Change 23,822,664            15,143,239               8,679,425                    2.2.b Packet Pg. 42 At t a c h m e n t : 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t O r d i n a n c e ( 2 0 2 4 O c t o b e r B u d g e t A m e n d m e n t )