The URL can be used to link to this page

2026-02-17 Council FIN Committee PacketEdmonds City Council Agenda February 17, 2026 Page 1 Agenda Edmonds City Council Finance Committee CITY COUNCIL CONFERENCE ROOM 121 - 5TH AVENUE N, EDMONDS, WA 98020 ZOOM: HTTPS://ZOOM.US/J/95798484261 PHONE: +1 253 215 8782 MEETING ID: 957 9848 4261 FEBRUARY 17, 2026, 1:00 PM STAFF AND COUNCILMEMBERS ATTEND COMMITTEE MEETINGS VIRTUALLY, AND MEMBERS OF THE PUBLIC ARE ENCOURAGED TO ATTEND THE SAME WAY. 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. 1. CALL TO ORDER 2. COMMITTEE BUSINESS 1. Preliminary December 2025 Monthly Financial Report First Reading – Finance (15 minutes) ADJOURNMENT For disability accommodations, materials in alternate formats, accessibility information, or language interpretation/ translation needs, please contact the City Clerk at 425-775-2525 at your earliest opportunity. Providing at least 72-hour notice will help ensure availability. City Council Agenda Item 2.1 February 17, 2026 - Finance Committee TITLE:Preliminary December 2025 Monthly Financial Report (First Reading) DEPARTMENT:Finance PRESENTER:Richard Gould NEEDED FROM COUNCIL:Informational RECOMMENDATION:Move to full council to be received for filing. BUDGET: Total Dollar Amount:0 ☐ Approved in Budget Fund(s):N/A ☐ Budget Reallocation Required ☒ No Budget Impact PROBLEM/ISSUE STATEMENT: N/A CONTEXT, ANALYSIS, & ALTERNATIVES: N/A RECOMMENDATION: Move to full council to be received for filing. BUDGET IMPACTS: N/A ADDITIONAL INFORMATION: ATTACHMENTS: Complete Preliminary December 2025 Monthly Financial Report Item 2.1 Packet pg. 2/42 CITY OF EDMONDS DECEMBER 2025 FINANCIAL REPORT FY 2025 December December 31, 2025 Pre l i m i n a r y Item 2.1 Packet pg. 3/42 1 Table of Contents Financial Status Analysis .............................. 2 Monthly Highlights ...................................... 4 2025-2026 Biennial Budget Summary ......... 5 All Funds Financial Summary ....................... 6 Cash and Investments Reconciliation .......... 7 General Fund Summaries ............................ 8 Development Services Revenue Summary 10 Major Revenue Summaries ....................... 11 All Revenue Summary ............................... 14 All Expenditure Summary .......................... 15 Salaries and Benefits Summaries .............. 16 Debt Summary ........................................... 20 Interfund Loan Summary ........................... 21 Investment Portfolio Summary ................. 22 General Fund Cash Flow Report ................ 24 Parks & Recreation Capital Projects .......... 25 Public Works Capital Project ..................... 26 Appendix A ................................................ 27 Pre l i m i n a r y Item 2.1 Packet pg. 4/42 2 *See Exhibit A regarding Capital Projects delays. 2025 December/Report - Financial Status Analysis The following analysis concerns the December-2025 financial report. Provided is a summary of financial activity through December 31st. The total fund balance has increased by $7.7m as of December 31st. In the 2025 amended budget the City is projected to see a decrease in fund balance of $17.2m (adjusted for the May budget amendment) by year end. Looking at the “All Funds Financial” summary statement you can see that the most significant reasons for this current difference can be found in the General Fund ($2.5m), REET Funds ($2.3m), Gifts Catalog Fund (1.7m) and Sewer Wastewater Treatment Plant ($3.3m). The following comments highlight other significant activity in 2025: • Interest Income continues to decline from 2024 (as of this date), down 4.3% (approximately 130k). This is due to 2 factors: (1) Multiple bonds with higher (over 4%) interest rates maturing and (2) Interest rates dropping nearly .7% from last year at this time. The Local Government Investment Pool (LGIP) is earning 3.73% as of February 8th whereas it is difficult to purchase long-term bonds near 3.5% for 2–3-year bonds to complete the City’s investment portfolio. • Labor costs as of December 31st YTD (year to date) The vacant but funded employee count of 26.25 employees (as of December 8th) comprises 10.4% of the entire staff. However, some of these positions were on staff during 2025. That, combined with payouts (from staff that departed the city) is why labor costs are under budget by near 9%. The General Fund is over budget in four (down from six) departments, from 6 to 14%. These departments exceeded budget due to payouts brought on by retirements and layoffs. Staff does attempt to budget for these payouts but due to layoffs we underestimated the amounts in 2025. However, the General Fund is under budget for the entire fund as of the end of December (7%). • Revenues & Expenditures - The “All Revenue Summary” shows that the City of Edmonds surpassed expectations at 102%. The 2025 budget is 16% ($21m) under budget in expenditures as can be seen in the “All Expenditure Summary”. While this is good news, much of it is due to the utility and road funds which are significantly under budget. Staff shortages and the delay in starting or completing capital projects are the primary causes. The General Fund exceeds budgeted fund balance reserve expectations. Remember though that is still work-in-progress as we process yearend as we prepare for the coming State Audit in June. • Sales Tax trending - December sales taxes were down by 2.6% ($26k) from 2024. This brings 2025 in total down by .05% ($5,518) from 2024. This confirms modified sales tax budget expectations for 2026 to match that of 2025, a decrease of $1.3m. This could trend lower depending on the next few months of sales tax receipts. We did receive January’s for 2026, and it is up from 2025 by 3.2% ($31k). • Development Services – exceeded expectations by (27%). However, it is down from 2024 by 7% ($166k). This is due to reduced activities somewhat beyond our control (permitting etc.). Included with this report are the Parks and Public Works Capital Projects reports used for tracking by the Finance Department. In a joint effort with Public Works, we are providing information and data on which projects were delayed and why. This is included in Exhibit “A”. Please let me know if you have any questions. I look forward to discussing this with you at the Committee Meeting on February 17th. Thank you. Richard A. Gould Finance Director Pre l i m i n a r y Item 2.1 Packet pg. 5/42 3 EXHIBIT “A” (1) Positive numbers = funds not spent (budget). (2) Negative numbers = was over budget for the project but not the fund. 2025 --> 2026 Budget Modification Reason E20CB i052 76th Overlay (1,814.55) Complete E22CE i067 Hwy 99 Stage 3 1,149,999 Delayed - WSDOT added bike lanes corridor wide/complete streets, delaying land purchases for additional right of way needs. Completion estimated to be 2029. E22CF i068 Hwy 99 Stage 4 516,726 Delayed - WSDOT added bike lanes corridor wide/complete streets, delaying land purchases for additional right of way needs. Completion estimated to be 2030. E22CG i069 SR104 Adaptive 53,039 Delayed. 60% design complete. Need grant funds to proceed further. E23CF i078 Main St Overlay (29,051) Complete E24AA i089 2024 Traffic Calming 47,450 Complete E25AA i098 2025 Traffic Calming (51,974) On Schedule 2026 Traffic Calming Program - On Schedule 84th Ave. W Traffic Calming On Schedule E24AD s037 Safety Action Plan 74,000 On Schedule E25AB i099 2025 Pedestrian Sfty (77,523) On Schedule 2026 Pedestrian Safety Program - On Schedule 2026 Traffic Signal Upgrades - On Schedule E24CE i092 88th Overlay 313,480 Delayed due to lack of staffing. Construction estimated to be complete Spring 2026. E25CA i093 2025 Overlay 515,973 Delayed due to lack of staffing. Construction estimated to be complete Spring 2026. E25CF i101 OVD Overlay 147,934 Delayed due to lack of staffing. Construction estimated to be complete Spring 2026. E25DA i102 7th Ave Ped Impr - On Schedule E26CA i103 2026 Overlay - On Schedule 2027 Overlay - On Schedule 76th Ave. W Overlay Hwy 99-220 On Schedule 2,658,238 Utility Rate Study On Schedule E22JB m160 Yost & Seaview 4,725,000 Delayed due to lack of staffing. Construction estimated to be complete 2027. E24JA c621 Phase 15 Waterline 72,983 Complete Phase 17 Waterline - On Schedule 2027 Water Comp Plan Update - On Schedule E24MB c626 PW UST Replacement 133,480 Delayed due to lack of staffing. Construction estimated to be complete 2027. E6FD s017 Stormwater Comp Plan 66,097 Delayed due to lack of staffing. Completion estimated to be 2026. E20FC c552 PerrinvilleCreekFlow - Complete E21FE c564 SR104 Edmonds Marsh 273,928 Delayed due to additional WSDOT permit Requirements. New estimated completion 2026. E24FC c625 Edmonds Marsh Ph2 320,840 Delayed due to additional WSDOT permit Requirements. New estimated completion 2026. E22FB a157 Perrinville Crk Rest 350,000 Delayed due to not receiving needed grants. Estimated completion will be dependent on receiving grants. E24CD i088 2024 SD Overlays - Complete E24FA c620 Phase 5 Storm Maint 694,000 Delayed due to lack of staffing. Construction estimated to be complete late 2026/early 2027. Phase 6 Storm Maint (280,500) On Schedule Phase 7 Storm Maint - On Schedule E24FB c623 Perr Basin Anlsys - On Schedule E24FE s038 Edm Marsh Planning 12,022 On Schedule E25 s039 CARA Study - Delayed due to lack of staffing. Estimated completion date to be late 2026/early 2027. E23GA c580 Phase 11 Sewerline 176,959 Complete E24CC i087 2024 Sewer Overlays - Complete E24GA c622 Phase 12 Sewer 806,000 Delayed due to lack of staffing. Construction estimated to be complete late 2026/early 2027. Phase 14 Sewer On Schedule E23GC c601 Phase 4 SS CIPP - Complete Sewer Comp Plan Update (8,840) On Schedule 7,341,867 10,000,106 Project #'s Roads Capital Utilities Capital Pre l i m i n a r y Item 2.1 Packet pg. 6/42 4 MONTHLY HIGHLIGHTS GENERAL FUND HIGHLIGHTS • Sales Tax is down $(5,518) from this point last year and was $(852,966) under the total 2025 budgeted amount of $12,577,29. • Real Personal/Property Tax revenues are up $308,073 from this point in time last year, and EMS Property Tax revenues are up $117,277 from this point in time last year. This is due to the 1% increase in taxes from 2024 to 2025. • Real Estate Excise Tax is up $455,326 from this point last year and was $931,891 over the total 2025 budgeted amount of $3,000,000. • Gas Utility Tax is up $113,739 from this point in time last year and was $208,824 over the total 2025 budgeted amount of $680,000. • Electric Utility Tax is up $99,575 from this point last year but was $(46,577) under the total 2025 budgeted amount of $2,025,000. • General Fund Interfund Loan – All $6M of the approved $6M interfund loan from the Utilities to the General Fund has been utilized. Interest to be charged to the General Fund for this loan in 2025 totals $266,068. • Salaries and Benefits City-Wide were $(3,361,660) less than 2024; with the General Fund being less by $(3,303,426). Through December, we expended $29,953,515 which is $(2,152,378) less than was budgeted for 2025. This is due to leaving additional approved and funded positions vacant in 2025. Sales Tax Property Tax EMS Tax Other Taxes Actual 11,724,263 11,543,377 4,413,195 9,104,176 Budget 12,577,229 11,532,000 4,404,000 8,626,694 - 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 (2025 YTD) Source 2025 Amended Budget 12/31/2024 Revenues 12/31/2025 Revenues Amount Remaining % Received TAXES $ 37,139,923 $ 35,829,277 $ 36,785,011 $ 354,912 99% LICENSES AND PERMITS 1,867,670 2,264,767 2,093,652 (225,982)112% INTERGOVERNMENTAL REVENUES 1,155,535 1,904,678 1,479,640 (324,105)128% CHARGES FOR GOODS AND SERVICES 8,633,119 7,968,872 7,864,954 768,165 91% FINES AND PENALTIES 2,888,000 584,607 2,023,781 864,219 70% MISCELLANEOUS REVENUES 901,838 1,026,594 927,773 (25,935)103% OTHER INCREASES IN FUND RESOURCES 6,000,000 - 6,000,000 - 100% OTHER FINANCING SOURCES 580,000 485,274 108,822 471,178 19% 59,166,085$ 50,064,069$ 57,283,633$ 1,882,452$ 97% REVENUES - GENERAL FUND - BY SOURCE IN SUMMARY Pre l i m i n a r y Item 2.1 Packet pg. 7/42 5 001 General Fund 1,336,357$ 110,525,025$ 57,283,633$ 53,241,392$ 109,490,376$ 54,794,334$ 54,696,042$ 2,371,006$ 3,825,656$ 009 LEOFF Medical Insurance Reserve Subfund 19,441 550,000 305,000 245,000 629,000 337,997 291,003 (59,559) (13,556) 011 Risk Management Reserve Fund - - - - - - - - - 012 Contingency Reserve Fund 2,228,672 - - - - - - 2,228,672 2,228,672 014 Historic Preservation Gift Fund 4,559 - - - 11,400 - 11,400 (6,841) 4,559 016 Building Maintenance Fund 2,380,534 194,410 78,752 115,658 2,714,068 254,443 2,459,625 (139,124) 2,204,843 017 Marsh Restoration & Preservation Fund 861,616 - - - 85,720 - 85,720 775,896 861,616 018 Edmonds Homelessness Response Fund 200,000 - - - 196,425 109,335 87,090 3,575 90,665 019 Edmonds Opioid Response Fund 456,556 100,000 77,004 22,996 450,000 - 450,000 106,556 533,560 Total General Fund 7,487,735 111,369,435 57,744,389 53,625,046 113,576,989 55,496,109 58,080,880 5,280,181 9,736,015 104 Drug Enforcement Fund 47,981 9,400 2,812 6,588 40,000 1,150 38,850 17,381 49,642 111 Street Fund 177,530 4,885,000 2,428,429 2,456,571 5,374,146 1,974,208 3,399,938 (311,616) 631,751 112 Street Construction Fund 3,211,126 12,153,779 2,786,325 9,367,454 11,206,049 2,122,618 9,083,431 4,158,856 3,874,833 117 Municipal Arts Acquisition Fund 671,730 548,241 174,683 373,558 768,927 226,031 542,896 451,044 620,383 120 Hotel/Motel Tax Fund 165,422 258,410 141,307 117,103 290,000 172,927 117,073 133,832 133,802 121 Employee Parking Permit Fund 12,691 110,290 12,576 97,714 65,173 2,002 63,171 57,808 23,265 122 Youth Scholarship Fund 20,769 4,750 1,786 2,964 6,000 300 5,700 19,519 22,255 123 Tourism Promotional Arts Fund 151,599 57,970 53,003 4,967 84,800 29,555 55,245 124,769 175,047 125 REET 2 2,432,519 3,787,950 2,141,175 1,646,775 3,047,939 900,751 2,147,188 3,172,530 3,672,943 126 REET 1 4,631,092 4,043,320 2,265,751 1,777,569 4,054,434 1,655,205 2,399,229 4,619,978 5,241,638 127 Gifts Catalog Fund 3,027,911 677,940 2,146,978 (1,469,038) 1,298,953 421,957 876,996 2,406,898 4,752,932 130 Cemetery Maintenance/Imp. Fund 130,453 675,719 535,906 139,813 671,945 282,282 389,663 134,227 384,078 137 Cemetery Maintenance Fund 1,269,638 183,761 87,829 95,932 311,124 272,174 38,950 1,142,275 1,085,293 138 Sister City Commission Fund 17,896 17,540 6,071 11,469 14,800 - 14,800 20,636 23,967 140 Business Improvement District Fund 34,037 158,418 76,390 82,028 173,320 84,393 88,927 19,135 26,034 141 Affordable Housing Fund 380,831 130,000 70,082 59,918 - - - 510,831 450,913 142 Edmonds Rescue Plan Fund 833 - 9,167 (9,167) - - - 833 10,000 143 Tree Fund 135,348 141,761 312,125 (170,364) 150,000 67,642 82,358 127,109 379,831 Total Special Revenue Funds 16,519,406 27,844,249 13,252,394 14,591,856 27,557,610 8,213,195 19,344,415 16,806,045 21,558,604 DE B T SE R V I C E FU N D S 231 2012 LTGO Debt Service Fund - 607,060 306,203 300,858 607,760 306,203 301,558 (700) - CA P I T A L PR O J E C T FU N D S 332 Parks Capital Construction Fund 299,964 684,482 151,499 532,983 237,035 28,279 208,756 747,411 423,184 411 Combined Utility Operations - - 141,155 (141,155) - - - - 141,155 421 Water Utility Fund 19,604,419 26,894,575 13,619,670 13,274,905 41,237,970 17,349,876 23,888,094 5,261,024 15,874,212 422 Storm Utility Fund 11,007,902 21,348,402 8,737,227 12,611,175 22,972,678 9,584,044 13,388,634 9,383,626 10,161,085 423 Sewer/WWTP Utility Fund 16,635,982 39,829,016 19,534,848 20,294,168 40,183,053 16,254,468 23,928,585 16,281,945 19,916,362 424 Utility Debt Service Fund - 2,323,310 1,149,487 1,173,823 2,297,790 1,149,369 1,148,421 25,520 119 Total Enterprise Funds 47,248,302 90,395,303 43,182,387 47,212,916 106,691,491 44,337,757 62,353,734 30,952,114 46,092,932 511 Equipment Rental Fund 5,380,342 4,889,190 2,917,663 1,971,527 4,121,587 1,961,576 2,160,011 6,147,945 6,336,429 512 Technology Rental Fund 906,736 5,056,171 2,408,754 2,647,417 5,010,600 1,932,533 3,078,067 952,307 1,382,957 Total Internal Service Funds 6,287,078 9,945,361 5,326,417 4,618,944 9,132,187 3,894,109 5,238,078 7,100,252 7,719,386 77,842,485$ 240,845,890$ 119,963,288$ 120,882,602$ 257,803,072$ 112,275,652$ 145,527,420$ 60,885,303$ 85,530,121$ 2025-2026 BIENNIAL BUDGET SUMMARY - ALL FUNDS GE N E R A L F U N D SP E C I A L R E V E N U E F U N D S EN T E R P R I S E FU N D S IN T E R N A L S E R V I C E F U N D S 2025 Prelimimary Ending Fund Balance TOTAL 2025 Beginning Fund Balance 2025-2026 Adopted Revenue Budget 2025 Actual Revenues Period 1-12 2025-2026 Adopted Expense Budget 2025 Actual Expenses Period 1-12Fund 2025-2026 Remaining Budgeted Revenues 2025-2026 Remaining Budgeted Expenses 2026 Estimated Ending Fund Balance Pre l i m i n a r y Item 2.1 Packet pg. 8/42 6 City of Edmonds All Funds Financial Summary As of December 31, 2025 Fund Beginning Fund Balance* Revenues / Sources Expenditures / Uses Revenues less Expenditures Ending Fund Balance Governmental 001 General Fund 1,336,357 57,283,633 54,794,334 2,489,299 3,825,656 009 LEOFF Medical Insurance Reserve 19,441 305,000 337,997 (32,997) (13,556) 012 Contingency Reserve 2,228,672 - - - 2,228,672 014 Historic Sub-Fund 4,559 - - - 4,559 016 Building Maintenance 2,380,534 78,752 254,443 (175,691) 2,204,843 017 Marsh Restoration 861,616 - - - 861,616 018 Homeless Response 200,000 - 109,335 (109,335) 90,665 019 Opioid Response 456,556 77,004 - 77,004 533,560 Total General Funds 7,487,735 57,744,389 55,496,109 2,248,280 9,736,015 Special Revenue Funds 104 Drug Enforcement 47,981 2,812 1,150 1,662 49,642 111 Street 177,530 2,428,429 1,974,208 454,221 631,751 112 Street Construction 3,211,126 2,786,325 2,122,618 663,707 3,874,833 117 Municipal Arts 671,730 174,683 226,031 (51,347) 620,383 120 Hotel / Motel 165,422 141,307 172,927 (31,620) 133,802 121 Employee Parking 12,691 12,576 2,002 10,574 23,265 122 Youth Scholarship 20,769 1,786 300 1,486 22,255 123 Tourism Promotion 151,599 53,003 29,555 23,448 175,047 125 REET 2 2,432,519 2,141,175 900,751 1,240,424 3,672,943 126 REET 1 4,631,092 2,265,751 1,655,205 610,546 5,241,638 127 Gifts Catalog 3,027,911 2,146,978 421,957 1,725,020 4,752,932 130 Cemetery Maintenance 130,453 535,906 282,282 253,624 384,078 137 Cemetery Trust 1,269,638 87,829 272,174 (184,345) 1,085,293 138 Sister City 17,896 6,071 - 6,071 23,967 140 Business Improvement 34,037 76,390 84,393 (8,004) 26,034 141 Affordable Housing 380,831 70,082 - 70,082 450,913 142 Edmonds Rescue 833 9,167 - 9,167 10,000 143 Tree Fund 135,348 312,125 67,642 244,483 379,831 Capital Projects 299,964 151,499 28,279 123,220 423,184 Debt Service - 306,203 306,203 - - Enterprise Funds 411 Combined Utility Operation - 141,155 - 141,155 141,155 421 Water Utility 19,604,419 13,619,670 17,349,876 (3,730,207) 15,874,212 422 Storm Water Utility 11,007,902 8,737,227 9,584,044 (846,817) 10,161,085 423 Sewer / Wastewater Treatment Plant 16,635,982 19,534,848 16,254,468 3,280,380 19,916,362 424 Bond Reserve Fund - 1,149,487 1,149,369 119 119 Internal Service Funds 511 Equipment Rental 5,380,342 2,917,663 1,961,576 956,087 6,336,429 512 Technology Rental 906,736 2,408,754 1,932,533 476,221 1,382,957 All Funds 77,842,485 119,963,288 112,275,652 7,687,636 85,530,121 *All Beginning Fund Balance amounts reflect the ending balances from the unaudited 2024 Financial Statements. $200,000 of the Fund Balance in Fund 126 has been reserved for Marsh Restoration Funding, as well as $1,200,000 for the purchase of Open Space. $250,000 of the Fund Balance in Fund 422 has been reserved for Marsh Restoration Funding. Pre l i m i n a r y Item 2.1 Packet pg. 9/42 7 INSTRUMENT TYPE PURCHASE DATE PURCHASE PRICE YIELD TO MATURITY MATURITY DATE ANNUALIZED INTEREST Farmer Mac 4/21/2023 1,994,172.00 4.060%2/2/2026 80,963.38 FHLMC 10/5/2023 993,661.24 5.050%7/22/2026 50,179.89 Farmer Mac 10/5/2023 2,057,309.31 4.910%11/17/2026 101,013.89 US Treasury Note 6/5/2025 1,003,690.00 3.900%2/28/2027 39,143.91 First Financial - ECA 11/1/2018 2,803,516.08 3.000%11/15/2027 84,105.48 First Financial - Waterfront Center 3/26/2020 245,000.00 2.490%12/27/2026 6,100.50 Resolution Funding Corporation 6/5/2025 999,192.20 4.455%4/15/2030 44,514.01 FFCB 7/16/2025 1,002,270.00 4.079%3/17/2031 40,882.59 FFCB 7/16/2025 991,752.85 4.120%7/28/2031 40,860.22 SUB TOTAL 12,090,563.68$ 446,903.66$ Average Yield to Maturity 3.696% State Investment Pool (LGIP)63,820,300.51$ 3.876%2,473,674.85$ 63,820,300.51$ TOTAL INVESTMENTS 75,910,864.19$ INVESTMENT ACCOUNTS PERCENTAGE AMOUNT State Investment Pool (LGIP)84.07% 63,820,300.51$ US Treasury Note 1.32% 1,003,690.00 FFCB 2.63% 1,994,022.85 First Financial 4.02% 3,048,516.08 Farmer Mac 5.34% 4,051,481.31 FHLMC 1.31%993,661.24 Resolution Funding Corporation 1.32%999,192.20 TOTAL INVESTMENTS 100.00% 75,910,864.19$ CASH IN BANK US BANK - TREASURY ACCOUNT 4,312,702.87$ NET CASH IN BANK 4,312,702.87$ TOTAL CASH 80,223,567.06$ TREASURER REPORT RECONCILIATION 78,124,003.48$ 811 - Payroll (2,050,530.78)$ Outstanding LGIP Receipts (49,032.80)$ VARIANCE (0.00)$ 2025 CASH, LGIP & INVESTMENT BALANCES December 31, 2025 PORTFOLIO DIVERSIFICATION December 31, 2025 Pre l i m i n a r y Item 2.1 Packet pg. 10/42 8 GENERAL FUND DEPARTMENT EXPENSE SUMMARY Title 2025 Amended Budget 12/31/2024 Expenditures 12/31/2025 Expenditures Amount Remaining % Spent CITY COUNCIL 448,104$ 467,833$ 441,363$ 6,741$ 98% OFFICE OF MAYOR 452,198 442,728 450,442 1,756 100% HUMAN RESOURCES 886,622 1,147,810 978,564 (91,942) 110% MUNICIPAL COURT 2,076,042 1,746,747 1,981,550 94,492 95% ADMINISTRATIVE SERVICES 2,231,509 2,706,702 2,276,976 (45,467) 102% CITY ATTORNEY 1,233,810 1,132,445 1,192,234 41,576 97% NON-DEPARTMENTAL 16,054,062 9,272,172 14,782,604 1,271,458 92% POLICE SERVICES 18,149,551 17,474,102 17,463,842 685,709 96% SATELLITE OFFICE 20,208 146,436 8,861 11,347 44% COMMUNITY SERVICES/ECONOMIC DEV.983,241 1,112,965 912,917 70,324 93% PLANNING & DEVELOPMENT 3,573,400 3,870,655 3,088,356 485,044 86% HUMAN SERVICES PROGRAM 170,358 211,149 159,590 10,768 94% PARKS & RECREATION 5,108,414 5,826,858 4,791,888 316,526 94% PUBLIC WORKS 4,559,072 3,894,929 3,955,686 603,386 87% FACILITIES MAINTENANCE 2,315,424 2,638,564 2,309,459 5,965 100% 58,262,015$ 52,092,095$ 54,794,334$ 3,467,681$ 94% EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN SUMMARY Pre l i m i n a r y Item 2.1 Packet pg. 11/42 9 GENERAL FUND SUMMARY General Fund - 2025 Revenue Summary Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 2,874,348$ 2,874,348$ 8,440,886$ 8,440,886$ 193.66% February 6,664,875 3,790,527 4,084,345 12,525,231 87.93% March 10,950,752 4,285,877 4,030,405 16,555,636 51.18% April 21,273,078 10,322,326 8,751,684 25,307,320 18.96% May 26,537,387 5,264,309 4,330,204 29,637,525 11.68% June 29,627,711 3,090,324 3,004,601 32,642,125 10.17% July 33,061,725 3,434,013 2,984,695 35,626,820 7.76% August 36,799,039 3,737,314 3,009,571 38,636,391 4.99% September 40,422,305 3,623,266 3,264,887 41,901,278 3.66% October 50,490,360 10,068,055 8,938,782 50,840,059 0.69% November 55,316,619 4,826,258 3,626,767 54,466,827 -1.54% December 59,166,085 3,849,466 2,816,806 57,283,633 -3.18% 59,166,085$ *General Fund revenues reflect the full $6M interfund loan from the Utilities. General Fund Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 4,973,000$ 4,973,000$ 5,519,627$ 5,519,627$ 10.99% February 9,577,478 4,604,479 4,435,492 9,955,119 3.94% March 13,961,392 4,383,914 5,352,619 15,307,738 9.64% April 18,118,469 4,157,077 4,499,661 19,807,399 9.32% May 22,731,239 4,612,769 4,203,644 24,011,042 5.63% June 27,941,172 5,209,934 4,350,659 28,361,701 1.51% July 32,283,047 4,341,875 4,226,592 32,588,293 0.95% August 37,164,999 4,881,952 4,145,055 36,733,349 -1.16% September 42,090,186 4,925,187 4,250,661 40,984,009 -2.63% October 46,636,695 4,546,509 4,443,234 45,427,243 -2.59% November 52,870,836 6,234,141 4,270,022 49,697,265 -6.00% December 58,262,015 5,391,179 5,097,069 54,794,334 -5.95% 58,262,015$ *The monthly budget trend columns are based on a two year trend. 2025 City of Edmonds, WA Monthly Revenue Summary-General Fund 2025 City of Edmonds, WA Monthly Expenditure Summary-General Fund *The monthly budget trend column is based on a two year trend. 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 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 Pre l i m i n a r y Item 2.1 Packet pg. 12/42 10 DEVELOPMENT SERVICES REVENUE SUMMARY Source 2025 Amended Budget 12/31/2024 Revenues 12/31/2025 Revenues Amount Remaining % Received DEV SERV PERMIT SURCHARGE 90,000$ 114,235$ 140,951$ (50,951)$ 157% RIGHT OF WAY FRANCHISE FEE 30,000 326,887 36,231 (6,231) 121% BUILDING PERMITS 40,000 85,506 159,537 (119,537) 399% FIRE PERMIT 5,000 3,100 - 5,000 0% ENG PERMIT - SIDE SEWER 100,000 133,474 24,872 75,128 25% ENG PERMIT - RIGHT OF WAY - - 119,132 (119,132) 0% ENG PERMIT - ENCROACHMENT - - 1,644 (1,644) 0% ENG PERMIT - STREET USE - - 548 (548) 0% STREET AND CURB PERMIT - (330) 293 (293) 0% STREET AND CURB PERMIT W/LEASEHOLD 10,000 8,070 - 10,000 0% ENGINEERING FEES AND CHARGES - - 3,059 (3,059) 0% FIRE CONSTRUCTION INSPECTION FEES 10,000 25,240 43,316 (33,316) 433% ZONING/SUBDIVISION FEE - - 1,205 (1,205) 0% BUILDING PLAN REVIEW AND INSPECTION 1,160,000 1,275,344 1,074,577 85,423 93% BUILDING PEER PLAN REVIEW - - 9,180 (9,180) 0% FIRE PLAN REVIEW 25,000 36,178 42,989 (17,989) 172% PLANNING REVIEW AND INSPECTION 110,000 107,717 88,165 21,835 80% PLANNING PEER PLAN REVIEW - - 17,000 (17,000) 0% S.E.P.A. REVIEW 6,000 9,295 5,502 498 92% ENG PLAN REVIEWS 150,000 242,529 87,405 62,595 58% ENGINEERING PEER PLAN REVIEW - - 164,612 (164,612) 0% ENG INSPECTIONS - - 181,855 (181,855) 0% CRITICAL AREA STUDY 17,000 18,081 17,385 (385) 102% 1,753,000$ 2,385,325$ 2,219,457$ (466,457)$ 127% CITY OF EDMONDS DEVELOPMENT SERVICES REVENUES SUMMARY Pre l i m i n a r y Item 2.1 Packet pg. 13/42 11 MAJOR REVENUE SUMMARY Property Tax 2024 total property tax collections were 4.17 % higher than 2023 total collections. This is a sign of multiple indicators such as assessed valuation and possibly new construction along with the 1% allowable on property tax increases. Through December 2025, we are 2.7% up from where property tax collections were during this point in 2024. The timing of recording property tax revenues changed in 2023 to be recorded in the month that they were for versus the month that the payment was received. This is the reason for the difference between the years 2021-2022, and 2023-2025. $14,803,319 $14,843,585 $14,908,807 $15,531,222 $15,956,572 - 2,000,000.00 4,000,000.00 6,000,000.00 8,000,000.00 10,000,000.00 12,000,000.00 14,000,000.00 16,000,000.00 18,000,000.00 2021 2022 2023 2024 2025 Property Tax Revenues (January through December) Sales Tax In the next chart, sales tax is down -.05% from this point in time in 2024. This is down from last year when it grew at a rate of .99% at this point. $8,406,296 $8,452,715 $8,317,046 $10,302,518 $11,257,927 $11,614,826 $11,729,781 $11,724,263 - 1,000,000.00 2,000,000.00 3,000,000.00 4,000,000.00 5,000,000.00 6,000,000.00 7,000,000.00 8,000,000.00 9,000,000.00 10,000,000.00 11,000,000.00 12,000,000.00 13,000,000.00 2018 2019 2020 2021 2022 2023 2024 YTD 2025 Sales Tax Revenues (January through December) Pre l i m i n a r y Item 2.1 Packet pg. 14/42 12 MAJOR REVENUE SUMMARY Charges for Services $5,934,990 $6,402,115 $7,900,871 $7,968,872 $7,864,954 - 1,000,000.00 2,000,000.00 3,000,000.00 4,000,000.00 5,000,000.00 6,000,000.00 7,000,000.00 8,000,000.00 9,000,000.00 2021 2022 2023 2024 2025 Charges for Services Revenues (January through December) Water Utility Tax $929,859 $930,784 $986,657 $1,043,889 $1,155,144 - 200,000.00 400,000.00 600,000.00 800,000.00 1,000,000.00 1,200,000.00 1,400,000.00 2021 2022 2023 2024 2025 Water Utility Tax Revenues (January through December) Pre l i m i n a r y Item 2.1 Packet pg. 15/42 13 MAJOR REVENUE SUMMARY Sewer Utility Tax $908,165 $966,734 $1,016,403 $1,128,364 $1,241,631 - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 2021 2022 2023 2024 2025 Sewer Utility Tax Revenues (January through December) Real Estate Excise Tax Real Estate Excise Taxes (REET) are collected from all real estate transactions. The utilization of this revenue is restricted to capital projects and projects identified in the capital facilities plan. Real Estate Excise Tax is up 13.10% from this point in time last year. $5,243,724 $3,897,754 $2,712,025 $3,476,565 $3,931,891 - 1,000,000.00 2,000,000.00 3,000,000.00 4,000,000.00 5,000,000.00 6,000,000.00 2021 2022 2023 2024 2025 Real Estate Excise Taxes (January through December) Pre l i m i n a r y Item 2.1 Packet pg. 16/42 14 ALL REVENUE SUMMARY Fund No.Title 2025 Amended Budget 12/31/2024 Revenues 12/31/2025 Revenues Amount Remaining % Received 001 GENERAL FUND 59,166,085$ 50,064,069$ 57,283,633$ 1,882,452$ 97% 009 LEOFF-MEDICAL INS. RESERVE 275,000 180,000 305,000 (30,000) 111% 016 BUILDING MAINTENANCE FUND 100,340 115,724 78,752 21,588 78% 017 MARSH RESTORATION & PRESERVATION FUND - 20,300 - - 0% 019 EDMONDS OPIOID RESPONSE FUND 50,000 382,437 77,004 (27,004) 154% 104 DRUG ENFORCEMENT FUND 4,790 6,445 2,812 1,978 59% 111 STREET FUND 2,440,000 2,415,299 2,428,429 11,571 100% 112 COMBINED STREET CONST/IMPROVE 3,125,918 3,894,543 2,786,325 339,593 89% 117 MUNICIPAL ARTS ACQUIS. FUND 426,821 117,397 174,683 252,138 41% 120 HOTEL/MOTEL TAX REVENUE FUND 129,500 142,047 141,307 (11,807) 109% 121 EMPLOYEE PARKING PERMIT FUND 55,340 35,003 12,576 42,764 23% 122 YOUTH SCHOLARSHIP FUND 2,410 3,057 1,786 624 74% 123 TOURISM PROMOTIONAL FUND/ARTS 49,230 54,589 53,003 (3,773) 108% 125 REAL ESTATE EXCISE TAX 2 1,648,620 1,922,769 2,141,175 (492,555) 130% 126 REAL ESTATE EXCISE TAX 1 1,780,420 2,077,462 2,265,751 (485,331) 127% 127 GIFTS CATALOG FUND 345,580 429,592 2,146,978 (1,801,398) 621% 130 CEMETERY MAINTENANCE/IMPROVEMT 473,157 200,519 535,906 (62,749) 113% 137 CEMETERY MAINTENANCE TRUST FD 86,837 114,099 87,829 (992) 101% 138 SISTER CITY COMMISSION 11,310 3,838 6,071 5,239 54% 140 BUSINESS IMPROVEMENT DISTRICT 79,209 90,426 76,390 2,819 96% 141 AFFORDABLE AND SUPPORTIVE HOUSING FUND 65,000 71,788 70,082 (5,082) 108% 142 EDMONDS RESCUE PLAN FUND - 6,932,216 9,167 (9,167) 0% 143 TREE FUND 83,502 114,351 312,125 (228,623) 374% 231 2012 LT GO DEBT SERVICE FUND 305,870 311,103 306,203 (333) 100% 332 PARKS CAPITAL CONSTRUCTION FUND 348,622 877,101 151,499 197,123 43% 411 COMBINED UTILITY OPERATION - - 141,155 (141,155) 0% 421 WATER UTILITY FUND 11,863,672 26,281,585 13,619,670 (1,755,998) 115% 422 STORM UTILITY FUND 9,273,514 11,588,718 8,737,227 536,287 94% 423 SEWER/WWTP UTILITY FUND 19,329,568 25,068,006 19,534,848 (205,280) 101% 424 BOND RESERVE FUND 1,174,920 1,463,727 1,149,487 25,433 98% 511 EQUIPMENT RENTAL FUND 2,376,270 2,867,556 2,917,663 (541,393) 123% 512 TECHNOLOGY RENTAL FUND 2,403,582 2,178,804 2,408,754 (5,172) 100% 117,475,087$ 140,024,571$ 119,963,288$ (2,488,201)$ 102% CITY OF EDMONDS REVENUES BY FUND - SUMMARY Pre l i m i n a r y Item 2.1 Packet pg. 17/42 15 ALL EXPENDITURE SUMMARY Fund No.Title 2025 Amended Budget 12/31/2024 Expenditures 12/31/2025 Expenditures Amount Remaining % Spent 001 GENERAL FUND 58,262,015$ 52,092,095$ 54,794,334$ 3,467,681$ 94% 009 LEOFF-MEDICAL INS. RESERVE 317,500 309,312 337,997 (20,497) 106% 011 RISK MANAGEMENT RESERVE FUND - - - - 0% 014 HISTORIC PRESERVATION GIFT FUND 5,700 4,385 - 5,700 0% 016 BUILDING MAINTENANCE FUND 864,068 1,545,429 254,443 609,625 29% 017 MARSH RESTORATION & PRESERVATION FUND 85,720 12,279 - 85,720 0% 018 EDMONDS HOMELESSNESS RESPONSE FUND 188,100 - 109,335 78,765 58% 019 EDMONDS OPIOID RESPONSE FUND 400,000 - - 400,000 0% 104 DRUG ENFORCEMENT FUND 20,000 - 1,150 18,850 6% 111 STREET FUND 2,640,460 2,300,845 1,974,208 666,252 75% 112 COMBINED STREET CONST/IMPROVE 2,550,897 2,927,481 2,122,618 428,279 83% 117 MUNICIPAL ARTS ACQUIS. FUND 415,915 111,567 226,031 189,884 54% 120 HOTEL/MOTEL TAX REVENUE FUND 194,000 130,888 172,927 21,073 89% 121 EMPLOYEE PARKING PERMIT FUND 31,770 106,001 2,002 29,768 6% 122 YOUTH SCHOLARSHIP FUND 3,000 450 300 2,700 10% 123 TOURISM PROMOTIONAL FUND/ARTS 37,500 43,589 29,555 7,945 79% 125 REAL ESTATE EXCISE TAX 2 1,796,580 1,501,079 900,751 895,829 50% 126 REAL ESTATE EXCISE TAX 1 2,640,030 1,468,343 1,655,205 984,825 63% 127 GIFTS CATALOG FUND 638,936 578,038 421,957 216,979 66% 130 CEMETERY MAINTENANCE/IMPROVEMT 329,009 266,938 282,282 46,727 86% 137 CEMETERY MAINTENANCE TRUST FUND 286,124 73,000 272,174 13,950 95% 138 SISTER CITY COMMISSION 7,400 4,822 - 7,400 0% 140 BUSINESS IMPROVEMENT DISTRICT 87,445 94,071 84,393 3,052 97% 142 EDMONDS RESCUE PLAN FUND - 6,968,315 - - 0% 143 TREE FUND 75,000 201,588 67,642 7,358 90% 231 2012 LT GO DEBT SERVICE FUND 306,220 310,753 306,203 18 100% 332 PARKS CAPITAL CONSTRUCTION FUND 110,035 777,716 28,279 81,756 26% 421 WATER UTILITY FUND 22,570,646 16,592,771 17,349,876 5,220,770 77% 422 STORM UTILITY FUND 12,599,392 7,709,558 9,584,044 3,015,348 76% 423 SEWER/WWTP UTILITY FUND 20,131,741 24,905,590 16,254,468 3,877,273 81% 424 BOND RESERVE FUND 1,149,400 2,286,591 1,149,369 31 100% 511 EQUIPMENT RENTAL FUND 2,139,606 2,758,380 1,961,576 178,030 92% 512 TECHNOLOGY RENTAL FUND 2,228,072 1,677,475 1,932,533 295,539 87% 133,112,281$ 127,759,347$ 112,275,652$ 20,836,629$ 84% CITY OF EDMONDS EXPENDITURES BY FUND - SUMMARY Pre l i m i n a r y Item 2.1 Packet pg. 18/42 16 SALARIES AND BENEFITS SUMMARY Below is a comparison of the total staff labor related costs (salaries and benefits) for 2019 through 2025. $29,701,575 $30,715,471 $31,014,133 $33,596,411 $40,926,028 $43,272,476 $39,910,816 - 5,000,000.00 10,000,000.00 15,000,000.00 20,000,000.00 25,000,000.00 30,000,000.00 35,000,000.00 40,000,000.00 45,000,000.00 50,000,000.00 2019 2020 2021 2022 2023 2024 YTD 2025 Salaries & Benefits (January through December) Department 2025 Approved and Funded 2025 Budget (after Mayor's additional cuts) 2025 Active (as of 12/8/25) 2025 Vacant but funded (as of 12/8/25) City Council 8.00 8.00 8.00 - Mayor 5.00 6.00 5.00 1.00 Human Resources 3.95 3.95 3.95 - Court 11.67 11.67 11.67 - Administrative Services 11.00 10.00 10.00 - Information Services 6.00 5.00 5.00 - Police 69.75 61.75 59.75 2.00 Community Services & Economic Development 4.25 3.25 3.00 0.25 Planning & Development 18.50 17.40 14.40 3.00 Parks, Recreation and Human Services 30.32 30.32 29.32 1.00 Public Works Admin/Facilities 14.60 13.63 10.63 3.00 Engineering 18.50 18.50 15.50 3.00 Streets/Storm 18.33 18.33 14.33 4.00 Water/Sewer/Treatment Plant 41.07 41.07 32.07 9.00 Equipment Rental 4.00 4.00 4.00 - Total City Employee Count 264.94 252.87 226.62 26.25 The above chart only reflects approved and funded "regular" positions. Unfunded "Regular" Positions Unfunded "Irregular" Positions Human Resources 0.68 - Court 1.00 - Administrative Services 3.00 - Information Services 1.00 0.25 Police 24.00 - Community Services & Economic Development 1.50 - Planning & Development 2.60 - Parks, Recreation and Human Services 8.94 2.87 Public Works Admin/Facilities 1.97 - Engineering - 1.00 44.69 4.12 Pre l i m i n a r y Item 2.1 Packet pg. 19/42 17 Page 1 of 3 Title 2025 Amended Budget 12/31/2024 Expenditures 12/31/2025 Expenditures Amount Remaining % Spent CITY COUNCIL SALARIES AND WAGES 251,769$ 252,491$ 227,876$ 23,893$ 91% OVERTIME - - - - 0% BENEFITS 131,722 117,780 155,955 (24,233) 118% 383,491$ 370,271$ 383,830$ (339)$ 100% OFFICE OF MAYOR SALARIES AND WAGES 260,121$ 282,073$ 299,677$ (39,556)$ 115% OVERTIME - 360 - - 0% BENEFITS 72,679 71,186 79,139 (6,460) 109% 332,800$ 353,620$ 378,816$ (46,016)$ 114% HUMAN RESOURCES SALARIES AND WAGES 526,317$ 634,976$ 572,239$ (45,922)$ 109% OVERTIME - - - - 0% BENEFITS 204,951 239,695 199,518 5,433 97% 731,268$ 874,671$ 771,758$ (40,490)$ 106% MUNICIPAL COURT SALARIES AND WAGES 1,338,754$ 1,040,927$ 1,120,255$ 218,499$ 84% OVERTIME 10,000 20,899 21,344 (11,344) 213% BENEFITS 412,631 337,407 350,624 62,007 85% 1,761,385$ 1,399,233$ 1,492,222$ 269,163$ 85% ADMINISTRATIVE SERVICES SALARIES AND WAGES 1,450,337$ 1,741,942$ 1,519,127$ (68,790)$ 105% OVERTIME 8,000 12,033 9,891 (1,891) 124% BENEFITS 507,661 495,420 439,910 67,751 87% 1,965,998$ 2,249,395$ 1,968,928$ (2,930)$ 100% NON-DEPARTMENTAL SALARIES AND WAGES 250,000$ -$ -$ 250,000$ 0% OVERTIME - - - - 0% BENEFITS 71,983 62,549 91,333 (19,350) 127% 321,983$ 62,549$ 91,333$ 230,650$ 28% POLICE SERVICES SALARIES AND WAGES 9,414,974$ 10,060,549$ 9,251,735$ 163,239$ 98% OVERTIME 1,030,751 848,568 655,799 374,952 64% HOLIDAY BUYBACK 372,950 192,549 202,653 170,297 54% BENEFITS 3,213,424 3,657,503 3,360,753 (147,329) 105% 14,032,099$ 14,759,170$ 13,470,941$ 561,158$ 96% SATELLITE OFFICE SALARIES AND WAGES (22,365)$ 51,193$ -$ (22,365)$ 0% OVERTIME - 198 - - 0% BENEFITS 22,665 29,346 - 22,665 0% 300$ 80,737$ -$ 300$ 0% COMMUNITY SERVICES/ECON DEV. SALARIES AND WAGES 527,188$ 666,512$ 562,241$ (35,053)$ 107% OVERTIME - 2,066 6,093 (6,093) 0% BENEFITS 175,270 189,866 175,264 6 100% 702,458$ 858,444$ 743,599$ (41,141)$ 106% PLANNING & DEVELOPMENT SALARIES AND WAGES 2,056,258$ 2,261,867$ 1,784,011$ 272,247$ 87% OVERTIME - 991 - - 0% BENEFITS 811,435 732,250 672,684 138,751 83% 2,867,693$ 2,995,108$ 2,456,695$ 410,998$ 86% HUMAN SERVICES PROGRAM SALARIES AND WAGES $ 132,413 $ 123,201 $ 125,493 $ 6,920 95% OVERTIME - - - - 0% BENEFITS 36,225 33,886 32,384 3,841 89% $ 168,638 $ 157,087 $ 157,877 $ 10,761 94% CITY OF EDMONDS EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DETAIL Pre l i m i n a r y Item 2.1 Packet pg. 20/42 18 Page 2 of 3 PARKS & RECREATION SALARIES AND WAGES 2,452,812$ 2,996,487$ 2,415,121$ 37,691$ 98% OVERTIME 10,000 4,959 4,905 5,095 49% BENEFITS 998,001 1,132,078 894,089 103,912 90% 3,460,813$ 4,133,523$ 3,314,116$ 146,697$ 96% PUBLIC WORKS ADMINISTRATION SALARIES AND WAGES 518,816$ 376,008$ 372,574$ 146,242$ 72% OVERTIME - - - - 0% BENEFITS 183,992 121,905 138,970 45,022 76% 702,808$ 497,914$ 511,544$ 191,264$ 73% FACILITIES MAINTENANCE SALARIES AND WAGES 870,867$ 1,165,137$ 1,030,521$ (159,654)$ 118% OVERTIME 8,500 3,975 7,609 891 90% BENEFITS 429,657 454,510 394,139 35,518 92% 1,309,024$ 1,623,621$ 1,432,269$ (123,245)$ 109% ENGINEERING SALARIES AND WAGES 2,463,816$ 2,087,341$ 2,062,829$ 400,987$ 84% OVERTIME 2,000 449 6,187 (4,187) 309% BENEFITS 899,319 753,808 710,571 188,748 79% 3,365,135$ 2,841,598$ 2,779,588$ 585,547$ 83% TOTAL GENERAL FUND EXPENDITURES 32,105,893$ 33,256,941$ 29,953,515$ 2,152,378$ 93% LEOFF-MEDICAL INS. RESERVE (009) BENEFITS 167,000$ 153,479$ 135,224$ 31,776$ 81% 167,000$ 153,479$ 135,224$ 31,776$ 81% STREET FUND (111) SALARIES AND WAGES 972,443$ 863,873$ 639,103$ 333,340$ 66% OVERTIME 40,500 40,076 32,051 8,449 79% BENEFITS 421,007 364,430 254,437 166,570 60% 1,433,950$ 1,268,379$ 925,590$ 508,360$ 65% MUNICIPAL ARTS ACQUIS. FUND (117) SALARIES AND WAGES 40,000$ 130$ 40,086$ (86)$ 100% BENEFITS - 11 13 (13) 0% 40,000$ 141$ 40,099$ (99)$ 100% EMPLOYEE PARKING PERMIT FUND (121) SALARIES AND WAGES 22,805$ -$ -$ 22,805$ 0% OVERTIME - - - - 0% BENEFITS 7,175 - - 7,175 0% 29,980$ -$ -$ 29,980$ 0% CITY OF EDMONDS EXPENDITURES - NON- GENERAL FUND - BY FUND IN DETAIL CITY OF EDMONDS EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DETAIL Pre l i m i n a r y Item 2.1 Packet pg. 21/42 19 Page 3 of 3 REAL ESTATE EXCISE TAX 1 (125) SALARIES AND WAGES -$ -$ 93,166$ (93,166)$ 0% OVERTIME - - - - 0% BENEFITS - - 31,626 (31,626) 0% -$ -$ 124,792$ (124,792)$ 0% GIFTS CATALOG FUND (127) SALARIES AND WAGES 277,502$ 267,339$ 253,106$ 24,396$ 91% OVERTIME - - - - 0% BENEFITS 138,224 122,278 102,714 35,510 74% 415,726$ 389,616$ 355,820$ 59,906$ 86% CEMETERY MAINTENANCE/IMPROVEMENT (130) SALARIES AND WAGES 191,973$ 150,949$ 151,007$ 40,966$ 79% OVERTIME 3,500 1,713 1,839 1,661 53% BENEFITS 71,241 49,835 61,323 9,918 86% 266,714$ 202,496$ 214,168$ 52,546$ 80% PARKS CAPITAL CONSTRUCTION FUND (332) SALARIES AND WAGES 10,000$ -$ -$ 10,000$ 0% 10,000$ -$ -$ 10,000$ 0% WATER FUND (421) SALARIES AND WAGES 1,159,201$ 953,433$ 1,036,419$ 122,782$ 89% OVERTIME 31,500 41,730 40,296 (8,796) 128% BENEFITS 513,903 447,941 450,076 63,827 88% 1,704,604$ 1,443,104$ 1,526,791$ 177,813$ 90% STORM FUND (422) SALARIES AND WAGES 1,035,402$ 885,983$ 956,936$ 78,466$ 92% OVERTIME 28,552 14,738 25,955 2,597 91% BENEFITS 422,674 361,876 449,255 (26,581) 106% 1,486,628$ 1,262,597$ 1,432,147$ 54,481$ 96% SEWER FUND (423) SALARIES AND WAGES 3,225,514$ 2,605,034$ 2,619,221$ 606,293$ 81% OVERTIME 156,250 209,720 279,196 (122,946) 179% BENEFITS 1,212,132 1,029,857 965,590 246,542 80% 4,593,896$ 3,844,611$ 3,864,007$ 729,889$ 84% EQUIPMENT RENTAL FUND (511) SALARIES AND WAGES 445,385$ 447,064$ 452,777$ (7,392)$ 102% OVERTIME 5,000 1,333 75 4,925 1% BENEFITS 157,041 154,687 148,789 8,252 95% 607,426$ 603,085$ 601,641$ 5,785$ 99% TECHNOLOGY RENTAL FUND (512) SALARIES AND WAGES 576,030$ 623,417$ 549,086$ 26,944$ 95% OVERTIME - 662 878 (878) 0% BENEFITS 204,757 223,948 187,058 17,699 91% 780,787$ 848,027$ 737,022$ 43,765$ 94% TOTAL ALL FUND EXPENDITURES 43,642,604 43,272,476 39,910,816 3,731,788 91% CITY OF EDMONDS EXPENDITURES - NON- GENERAL FUND - BY FUND IN DETAIL Pre l i m i n a r y Item 2.1 Packet pg. 22/42 20 DEBT SUMMARY *This 1st table only reflects the total outstanding principal payments (does not include interest). 2024 Outstanding Fund 001 Fund 111 Fund 112 Fund 126 Fund 421 Fund 422 Fund 423 PFD 2012 LTGO 630,000.00 630,000.00 2019 LTGO 2,860,000.00 2,860,000.00 2021 LTGO (A)9,825,000.00 3,560,000.00 1,325,000.00 3,008,999.00 1,437,013.00 493,988.00 2021 LTGO (B)2,345,000.00 2,345,000.00 2015 Revenue Bond 13,570,000.00 4,108,216.00 2,712,971.00 6,748,813.00 2020 Revenue Bond 13,875,000.00 13,875,000.00 2024 Revenue Bond 19,990,000.00 11,755,000.00 2,765,000.00 5,470,000.00 PWTFL 05-691-015 72,295.00 72,295.00 PWTFL 06-692-012 65,763.00 65,763.00 DOE L1400002 327,957.00 327,957.00 Sno Co Loan #03-2016 413,390.00 413,390.00 2016 (2007 Refinance) Chase Bank 679,515.00 117,827.00 9,105.00 53,002.00 6,116.00 223,289.00 270,176.00 64,653,920.00 3,677,827.00 9,105.00 65,763.00 4,868,002.00 18,878,331.00 7,551,663.00 27,258,229.00 2,345,000.00 Total Debt Outstanding 64,653,920$ *This 2nd table reflects both the principal and interest portions of the debt payments. 2025 2026 2027 2028 2029 2030 2035 2040 2045 2012 LTGO 138,438 131,063 83,663 81,975 80,288 83,600 81,800 - - 2019 LTGO 233,725 236,475 233,725 235,725 232,225 233,475 1,169,656 935,875 - 2021 LTGO (A)1,213,250 1,212,750 1,215,250 1,215,500 1,213,500 1,209,250 2,662,050 1,801,000 357,000 2021 LTGO (B)167,415 170,115 167,715 170,315 167,815 170,315 841,188 845,055 169,290 2015 Revenue Bond 1,149,369 1,148,369 1,148,119 1,147,269 1,149,925 1,145,875 5,741,250 5,739,200 - 2020 Revenue Bond 304,044 304,044 304,044 304,044 304,044 304,044 1,520,219 3,634,019 12,541,456 2024 Revenue Bond 1,389,500 1,395,000 1,389,250 1,392,750 1,390,000 1,391,250 10,885,500 8,815,000 3,406,500 PWTFL 05-691-015 72,657 - - - - - - - - PWTFL 06-692-012 33,210 33,046 - - - - - - - DOE L1400002 40,570 40,570 40,570 40,570 40,570 40,570 121,710 - - Sno Co Loan #03-2016 35,729 35,286 34,843 34,400 33,957 33,514 160,927 91,241 2016 (2007 Refinance) Chase Bank 347,807 348,785 - - - - - - - Total Principal and Interest Debt Outstanding 90,165,091$ Annual Principal and Interest Debt Payments Pre l i m i n a r y Item 2.1 Packet pg. 23/42 21 INTERFUND LOAN SUMMARY Below are details of the Interfund Loans from Funds 421 and 422 to the General Fund in 2025. We have utilized all $6m of the loans. Month Beginning Balance Loan Draws Total Balance Interest Rate (%)Monthly Interest Remaining Balance to borrow 2025-01 - 3,500,000 3,500,000 4.45% 12,981 - 2025-02 3,500,000 3,500,000 4.45% 12,981 - 2025-03 3,500,000 - 3,500,000 4.45% 12,981 - 2025-04 3,500,000 - 3,500,000 4.45% 12,981 - 2025-05 3,500,000 - 3,500,000 4.45% 12,981 - 2025-06 3,500,000 - 3,500,000 4.45% 12,981 - 2025-07 3,500,000 - 3,500,000 4.45% 12,981 - 2025-08 3,500,000 - 3,500,000 4.45% 12,981 - 2025-09 3,500,000 - 3,500,000 4.45% 12,981 - 2025-10 3,500,000 - 3,500,000 4.45% 12,981 - 2025-11 3,500,000 - 3,500,000 4.45% 12,981 - 2025-12 3,500,000 - 3,500,000 4.45% 12,981 - 155,771 Fund 421 Month Beginning Balance Loan Draws Total Balance Interest Rate (%)Monthly Interest Remaining Balance to borrow 2025-01 - 2,253,084 2,253,084 4.45% 8,356 246,916 2025-02 2,253,084 246,916 2,500,000 4.43% 9,267 - 2025-03 2,500,000 - 2,500,000 4.45% 9,267 - 2025-04 2,500,000 2,500,000 4.45% 9,267 - 2025-05 2,500,000 - 2,500,000 4.45% 9,267 - 2025-06 2,500,000 - 2,500,000 4.45% 9,267 - 2025-07 2,500,000 - 2,500,000 4.45% 9,267 - 2025-08 2,500,000 - 2,500,000 4.45% 9,267 - 2025-09 2,500,000 - 2,500,000 4.45% 9,267 - 2025-10 2,500,000 - 2,500,000 4.45% 9,267 - 2025-11 2,500,000 - 2,500,000 4.45% 9,267 - 2025-12 2,500,000 - 2,500,000 4.45% 9,267 - 110,297 Fund 422 Pre l i m i n a r y Item 2.1 Packet pg. 24/42 22 INVESTMENT PORTFOLIO SUMMARY Years Agency/Investment Purchase to Par Market Maturity Coupon Issuer Type Price Maturity Value Value Date Rate Farmer Mac Bonds 1,994,172 0.09 2,000,000 1,999,948 02/02/26 3.950% FHLMC Bonds 993,661 0.56 1,115,000 1,097,425 07/22/26 0.830% Farmer Mac Bonds 2,057,309 0.88 2,305,000 2,252,040 11/17/26 1.150% First Financial - Waterfront Center CD 245,000 0.99 245,000 245,000 12/27/26 2.469% US Treasury Note Note 1,003,690 1.16 1,000,000 1,007,031 02/28/27 4.125% First Financial - ECA CD 2,803,516 1.87 2,803,516 2,803,516 11/15/27 2.956% Resolution Funding Corporation Bonds 999,192 4.29 1,220,000 1,036,290 04/15/30 4.482% FFCB Bonds 1,002,270 5.21 1,000,000 1,015,264 03/17/31 4.125% FFCB Bonds 991,753 5.58 1,165,000 1,018,007 07/28/31 1.310% TOTAL SECURITIES 12,090,564 2.29 12,853,516 12,474,522 Washington State Local Gov't Investment Pool 63,820,301 63,820,301 Demand 3.88% TOTAL PORTFOLIO 76,673,817$ 76,294,822$ As of December 31, 2025 City of Edmonds Investment Portfolio Detail Farmer Mac, 33% First Financial - CD, 24% FFCB, 17% FHLMC, 9% US Treasury Note, 8% Issuer Diversification Checking, $4.31 , 5% State LGIP, $63.82 , 79% CD's, $3.05 , 4% Note, $1.00 , 1% Bonds, $8.81 , 11% Cash and Investment Balances (in $ Millions) Pre l i m i n a r y Item 2.1 Packet pg. 25/42 23 INVESTMENT PORTFOLIO SUMMARY $1,236,875 $947,931 $950,684 $1,091,709 $1,683,872 $3,044,847 $2,914,584 $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 2019 2020 2021 2022 2023 2024 YTD 2025 Annual Interest Income 1,236,875 947,931 950,684 1,091,709 1,683,872 3,044,847 2,914,584 - 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 2019 2020 2021 2022 2023 2024 YTD 2025 Interest Income (January through December) Pre l i m i n a r y Item 2.1 Packet pg. 26/42 City of Edmonds 2025 General Fund (001) Cash Flow Report (with ACTUALS) Difference Revenues Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Actual Nov Actual Dec Actual Total 25 YE Estimate inc / (dec)8,440,886 4,084,345 4,030,405 8,751,684 4,330,204 3,004,601 2,984,695 3,009,571 3,264,887 8,938,782 3,626,767 2,816,806 57,283,633 57,270,547 13,086 - - - - - - - - - - - - - Expenditures Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual Aug Actual Sep Actual Oct Actual Nov Actual Dec Actual Total 25 YE Estimate Balance5,519,627 4,435,492 5,352,619 4,499,661 4,203,644 4,350,659 4,226,592 4,145,055 4,250,661 4,443,234 4,270,022 5,097,069 54,794,334 55,629,793 (835,459) - - - - - - - - - - - - - - - - - - - - Net Revenue/(Expenditures)2,921,259 (351,147) (1,322,214) 4,252,023 126,561 (1,346,059) (1,241,897) (1,135,485) (985,774) 4,495,548 (643,255) (2,280,263) 2,489,299 1,640,754 848,545 Changes in AR 78,894 (26,848) 29,632 (7,574) 155,431 5 9,738 (99,497) 68,355 (23,066) 3 5,249 (29,610) (119,145) 121,559Changes in AP (2 63,145) 45,484 136,501 (91,664) (29,246) 840,624 (8 90,397) 20,868 (7 ,035) (103,831) (29,355) 6,155 (365,042) Changes in Cash/Petty Cash 100 400 7 50 (400) 850 Cash Balance 119,080 (213,432) (1,369,513) 2,783,272 3,036,418 2,590,721 359,681 (686,581) (1,702,456) 2,724,110 2,021,891 (371,362) (371,362) 2 Pre l i m i n a r y Item 2.1 Packet pg. 27/42 Parks # CIP/CFP Code Eden#Division Work Performed for Project Name Project Budget Budget Amendment Total Budget PY Expenses CY Expenses - through 6/30/2025 Expenses to Date ($) Expenses to Date (%) Remaining Budget Grant/Loan PY Reimbursement CY Reimbursement Reimbursement to Date ($) Reimbursement to Date (%) Grant/Loan Remaining 143 Tree Fund 322 Parks Constructi on 322-100 Park Impact 125 REET II 126 REET I 137 Cemetery Trust Projects with Grant Funding P2 & D13 P2 & D13 c618 Parks Parks Mee Property 1,157,500 1,157,500 1,032,265 38,092 1,070,357 92%87,143 853,125 713,953 56,464 770,418 90%82,707 200,000 853,125 20000 84375 84375 D20 D20 c597.re Parks Parks Mathay Ballinger Shade Structure 127,000 127,000 - - - 0%127,000 127,000 - - - 0%127,000 127,000 Projects Active in Eden D20 D20 c597.re Parks Parks Mathay Ballinger Improvements 499,300 499,300 523,152 54,497 577,649 116%(78,349) 102,234 475415 R10 R10 c634.re Parks Parks Signage & Wayfinding 75,000 75,000 47,084 8,414 55,498 74%19,502 75000 P8 P8 c647.st Parks Parks Shell Creek Restoration Phase 1 250,000 250,000 - 6,152 6,152 2%243,848 250000 R19 R10 c647.st Parks Parks Shell Creek Restoration Phase 2 380,000 380,000 - 742 742 0%379,258 380000 D19 D19 NA Parks Parks Lake Ballinger Park Mountlake Terrace ILA 200,000 200,000 - - - 0%200,000 200000 R11 R11 M186.re Parks Parks Citywide Park Improvements & Maintenance 450,000 450,000 - 67,210 67,210 15%382,790 450000 D8 D8 NA Cemetery Cemetery Cemetery Columbarium Expansion - Phase II 175,000 175,000 - - - 0%175,000 175000 3,186,800 127,000 3,313,800 1,602,501 175,107 1,777,608 1,536,192 980,125 713,953 56,464 770,418 209,707 200,000 980,125 102,234 1,850,415 84,375 259,375 From Grant Billing 25 Pre l i m i n a r y Item 2.1 Packet pg. 28/42 Projec t Year Project Name Project Budget CY Expenses - through 12/31/2025 Expenses to Date ($) Expenses to Date (%) Remaining Budget Grant/Loan PY Reimbursemen t CY Reimbursemen t Street Funds 421 Water Funds 422 Storm Funds 423 Sewer Funds REET Funds 2021 Edmonds Marsh Water Quality Improvements Phase1 418,000 34,326 133,467 32%284,533 313,500 50,888 - 104,500 2023 7317 Lake Ballinger Way Floodplain Purchase & Structure Removal940,000 134,571 769,838 82%170,162 500,000 500,000 - 440,000 84th Ave W Traffic Calming Program 15,000 7,198 7,198 48%7,802 15,000 - - - 2024 Perrinville Creek Basin Analysis Update (aka Perrinville FlowReduction StudyUpdate)649,200 113,399 158,641 24%490,559 510,600 5,452 79,303 138,600 2024 Edmonds Marsh Water Quality Improvements Phase2 458,000 41,729 79,315 17%378,685 100,000 57,135 358,000 2024 Edmonds Marsh Estuary Planning Study 204,000 127,085 189,740 93%14,260 135,000 - 82,921 69,000 2024 NPDES Ph II Prmt Cap Grant 2023-25 130,000 23,810 49,332 38%80,668 130,000 1,269 128,731 2025 Annual Street Pres Program (7th Ave N Pedestrian Improvements)- 73,002 73,002 15%411,178 379,600 - 18,339 (379,600) 2025 Annual Street Pres Program (Citywide Lighting Improvements)- 35,403 35,403 5%664,597 700,000 - 5,679 (700,000) 2018 76th Ave W @220th Intersection Improvements 11,000,000 166,293 934,202 8%10,065,798 3,500,000 496,061 95,901 6,818,250 456,750 225,000 2020 Highway 99 Revitalization & Gatewaay Project - Stage 2 9,400,000 14,064 9,104,160 97%315,840 10,090,000 8,768,869 - (690,000) 2022 Hwy 99 Revitalization Project - Stage 3 28,457,000 374,029 1,832,901 6%26,624,099 22,661,000 1,337,820 225,768 5,796,000 2022 Hwy 99 Revitalization Project - Stage 3 - - 729,147 - 191,280 2022 Hwy 99 Revitalization Project - Stage 4 37,000,000 114,832 1,220,940 3%35,779,060 10,886,000 1,083,901 91,306 26,114,000 2022 SR -104 Adaptive System 4,000,000 2,015 252,797 6%3,747,204 354,650 215,479 2,559 3,645,350 2023 Main St Overlay 6th - 8th - WSDOT 1,855,000 1,401,045 1,955,760 71%784,930 800,765 95,478 676,954 465,445 519,843 68,947 2023 Main St Overlay 6th - 8th - TIB - - 449,897 - 449,897 2024 Safety Action Plan 375,000 193,521 194,080 52%180,920 300,000 - 50,711 75,000 2023 Phase 11 Sewer Replacement (2024)2,314,297 151,305 1,563,005 68%751,292 2024 Phase 12 Sewer Replacement (2025)2,700,000 217,511 522,204 19%2,177,796 2025 Phase 13 Sewer Replacement (2026)2,503,000 281,263 281,275 11%2,221,725 2025 2025 PFAS Study for Deer Creek CARA - 6,774 6,774 11%53,226 2022 Lower Perrinville Creek Restoration Project 4,500,000 129,991 343,104 8%4,156,896 2020 Perrinville Creek Flow Management Projects 100,000 46,039 87,634 88%12,366 2022 Phase 4 Storm Maintenance 1,912,400 10,276 1,058,370 55%854,030 2024 Phase 5 Storm Maintenance 2,011,000 79,400 191,298 10%1,819,702 2025 Phase 6 Storm Maintenance 1,318,000 321,155 322,732 24%995,268 2022 Storm and Surface Water Comprehensive Plan Update 733,000 121,905 506,227 69%226,773 2025 2025 Pedestrian Safety Program 20,180 25,957 25,957 129%(5,777) 2025 2025 Traffic Calming Program 80,650 67,314 67,314 83%13,336 2026 Overlay Program 82,600 40,542 40,542 49%42,058 2023 84th Ave W Walkway from 238th St SW to 234th St SW 3,325,000 26,818 80,663 2%3,259,337 2024 88th Ave Overlay and Sidewalk Repair 1,180,000 446,297 502,625 43%677,375 2025 Annual Street Pres Program (2025 Overlay Program)1,801,800 1,227,100 1,260,429 63%741,371 2025 Annual Street Pres Program (2025 Ramps Program)- 34,599 34,599 #DIV/0!(34,599) 2020 Citywide Bicycle Improvements Project 2,800,000 1,971 2,621,719 94%178,281 2021 Elm Way Walkway from 8th Ave S to 9th Ave S 1,000,000 535 857,227 86%142,773 2020 Official Street Map & Sidewalk Plan - - 909 0%(909) 2025 Olympic View Drive Overlay - 196th/SR-524 to Talbot Rd1,500,000 28,742 28,742 2%1,471,258 2024 PW Parking Lot Apron Repair 1,236,000 6,043 40,112 3%1,195,888 2025 Traffic Signal Upgrade 30,280 3,101 3,101 0%27,179 2023 Transportation Plan Update 406,000 22,817 409,667 99%2,219 2024 PW UST Replacement 135,000 1,520 13,083 10%121,917 2023 Phase 14 Annual Replacement Program - Waterline 2,603,000 17,036 2,402,817 92%200,183 2024 Phase 15 Annual Replacement Program - Waterline 4,091,000 3,545,737 4,034,652 99%56,348 2025 Phase 16 Annual Replacement Program - Waterline 3,836,000 399,359 399,372 10%3,436,628 2022 Yost & Seaview Reservoir Repairs & Upgrades 9,659,000 163,485 568,334 6%9,090,666 2025 CH Stairway 50,000 21,332 21,332 43%28,668 2025 Electrical Panel Replacement 25,000 8,663 8,663 35%16,337 2024 FAC Doors 50,000 147,779 154,822 310%(104,822) 2024 Spoil pile cover - 16,672 34,914 47%40,086 2024 Asset Criticality Ranking 150,000 23,823 125,986 84%24,014 2018 Phase 6 Energy Design SSI 27,252,645 1,502,251 28,506,667 105%(1,254,022) Vehicles 490,000 749,045 1,572,204 321%(851,204) #########12,750,480 65,689,849 111,783,959 52,555,159 12,555,217 2,156,484 41,144,445 456,750 1,854,943 - 68,947 From Grant Billing R:\Finance Committee\2025\Copy of 2025 Capital Projects - 12-31-2025 - Final for Council 26 Pre l i m i n a r y Item 2.1 Packet pg. 29/42 27 APPENDIX A Pre l i m i n a r y Item 2.1 Packet pg. 30/42 28 GENERAL FUND DEPARTMENT EXPENSE SUMMARY City Council Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 37,216$ 37,216$ 49,177$ 49,177$ 32.14% February 82,955 45,739 38,781 87,958 6.03% March 119,387 36,432 39,218 127,176 6.52% April 154,573 35,186 39,552 166,728 7.86% May 202,268 47,695 34,219 200,947 -0.65% June 233,509 31,241 31,491 232,438 -0.46% July 272,394 38,885 33,665 266,103 -2.31% August 307,852 35,457 33,941 300,044 -2.54% September 343,186 35,334 33,054 333,098 -2.94% October 376,666 33,480 36,348 369,446 -1.92% November 415,377 38,712 36,896 406,342 -2.18% December 448,104 32,727 35,021 441,363 -1.50% 448,104$ Office of Mayor Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 36,376$ 36,376$ 32,643$ 32,643$ -10.26% February 72,658 36,283 34,603 67,246 -7.45% March 114,165 41,507 40,974 108,220 -5.21% April 151,218 37,052 41,304 149,523 -1.12% May 187,207 35,989 65,267 214,790 14.73% June 222,081 34,874 33,003 247,793 11.58% July 262,439 40,359 33,073 280,866 7.02% August 298,500 36,061 35,053 315,919 5.84% September 335,297 36,796 32,690 348,609 3.97% October 373,927 38,630 34,492 383,101 2.45% November 410,086 36,159 33,104 416,205 1.49% December 452,198 42,112 34,237 450,442 -0.39% 452,198$ *The monthly budget trend columns are based on a two year trend. 2025 City of Edmonds, WA Monthly Expenditure Summary-City Council 2025 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 Pre l i m i n a r y Item 2.1 Packet pg. 31/42 29 GENERAL FUND DEPARTMENT EXPENSE SUMMARY Human Resources Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 91,328$ 91,328$ 96,327$ 96,327$ 5.47% February 162,889 71,561 75,919 172,246 5.74% March 231,043 68,154 70,930 243,175 5.25% April 297,819 66,775 69,523 312,698 5.00% May 365,968 68,150 69,820 382,519 4.52% June 440,478 74,510 76,333 458,852 4.17% July 507,330 66,851 105,254 564,106 11.19% August 572,447 65,117 76,832 640,938 11.96% September 648,948 76,501 69,848 710,786 9.53% October 718,244 69,297 82,419 793,205 10.44% November 795,749 77,505 99,787 892,992 12.22% December 886,622 90,873 85,572 978,564 10.37% 886,622$ Municipal Court Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 160,832$ 160,832$ 138,500$ 138,500$ -13.89% February 326,743 165,910 150,891 289,391 -11.43% March 492,819 166,076 144,547 433,938 -11.95% April 662,091 169,273 140,084 574,022 -13.30% May 841,140 179,049 147,921 721,943 -14.17% June 1,008,409 167,269 151,236 873,179 -13.41% July 1,186,335 177,926 156,904 1,030,083 -13.17% August 1,366,327 179,992 172,010 1,202,093 -12.02% September 1,537,772 171,446 186,091 1,388,184 -9.73% October 1,709,240 171,468 194,803 1,582,986 -7.39% November 1,886,885 177,645 195,828 1,778,815 -5.73% December 2,076,042 189,157 202,736 1,981,550 -4.55% 2,076,042$ *The monthly budget trend columns are based on a two year trend. 2025 City of Edmonds, WA Monthly Expenditure Summary-Human Resources 2025 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 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 2,200,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Municipal Court Current Year Budget Prior Year Pre l i m i n a r y Item 2.1 Packet pg. 32/42 30 GENERAL FUND DEPARTMENT EXPENSE SUMMARY Community Services/Economic Development Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 69,027$ 69,027$ 83,483$ 83,483$ 20.94% February 140,090 71,063 87,516 170,999 22.06% March 211,924 71,834 125,643 296,642 39.98% April 289,698 77,775 80,326 376,968 30.12% May 367,117 77,419 34,612 411,580 12.11% June 457,628 90,511 71,478 483,058 5.56% July 547,261 89,632 66,110 549,168 0.35% August 652,890 105,629 63,350 612,518 -6.18% September 724,080 71,190 69,818 682,336 -5.77% October 807,040 82,960 73,493 755,829 -6.35% November 888,530 81,490 72,198 828,027 -6.81% December 983,241 94,711 84,889 912,917 -7.15% 983,241$ Administrative Services Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 223,512$ 223,512$ 189,389$ 189,389$ -15.27% February 447,899 224,386 205,324 394,713 -11.87% March 626,184 178,285 194,562 589,275 -5.89% April 796,586 170,402 180,949 770,225 -3.31% May 1,033,690 237,104 175,561 945,786 -8.50% June 1,184,093 150,402 175,016 1,120,802 -5.35% July 1,348,821 164,728 170,178 1,290,980 -4.29% August 1,510,848 162,027 173,746 1,464,726 -3.05% September 1,685,828 174,980 184,119 1,648,845 -2.19% October 1,858,239 172,411 244,827 1,893,672 1.91% November 2,057,202 198,963 184,594 2,078,266 1.02% December 2,231,509 174,307 198,710 2,276,976 2.04% 2,231,509$ *The monthly budget trend columns are based on a two year trend. 2025 City of Edmonds, WA Monthly Expenditure Summary-Community Services/Economic Development 2025 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 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 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Administrative Services Current Year Budget Prior Year Pre l i m i n a r y Item 2.1 Packet pg. 33/42 31 GENERAL FUND DEPARTMENT EXPENSE SUMMARY City Attorney Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 102,817$ 102,817$ -$ $ - 0.00% February 205,635 102,817 25,000 25,000 -87.84% March 308,452 102,817 148,448 173,448 -43.77% April 411,270 102,817 83,667 257,114 -37.48% May 514,087 102,817 92,231 349,345 -32.05% June 616,905 102,817 113,050 462,395 -25.05% July 719,722 102,817 115,377 577,772 -19.72% August 822,540 102,817 110,468 688,240 -16.33% September 925,357 102,817 89,521 777,762 -15.95% October 1,028,175 102,817 98,417 876,178 -14.78% November 1,130,992 102,817 102,047 978,225 -13.51% December 1,233,810 102,817 214,009 1,192,234 -3.37% 1,233,810$ Police Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 1,314,212$ 1,314,212$ 1,442,398$ 1,442,398$ 9.75% February 2,651,879 1,337,667 1,458,231 2,900,629 9.38% March 3,937,828 1,285,948 1,770,940 4,671,569 18.63% April 5,391,652 1,453,825 1,357,930 6,029,499 11.83% May 7,080,372 1,688,719 1,331,151 7,360,650 3.96% June 8,558,989 1,478,618 1,503,724 8,864,374 3.57% July 10,100,816 1,541,827 1,366,126 10,230,500 1.28% August 11,577,577 1,476,761 1,278,350 11,508,849 -0.59% September 13,108,222 1,530,644 1,386,241 12,895,090 -1.63% October 14,647,517 1,539,295 1,546,101 14,441,191 -1.41% November 16,478,767 1,831,250 1,463,373 15,904,564 -3.48% December 18,149,551 1,670,784 1,559,279 17,463,842 -3.78% 18,149,551$ *The monthly budget trend columns are based on a two year trend. 2025 City of Edmonds, WA Monthly Expenditure Summary-City Attorney 2025 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 1,300,000 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 20,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Police Current Year Budget Prior Year Pre l i m i n a r y Item 2.1 Packet pg. 34/42 32 GENERAL FUND DEPARTMENT EXPENSE SUMMARY Planning & Development Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 250,730$ 250,730$ 254,177$ 254,177$ 1.37% February 510,532 259,802 318,163 572,340 12.11% March 833,056 322,524 268,327 840,667 0.91% April 1,128,470 295,414 327,195 1,167,862 3.49% May 1,433,330 304,859 259,422 1,427,284 -0.42% June 1,728,336 295,006 257,244 1,684,528 -2.53% July 2,013,481 285,145 227,540 1,912,067 -5.04% August 2,273,771 260,290 216,233 2,128,301 -6.40% September 2,660,074 386,303 235,941 2,364,241 -11.12% October 2,914,283 254,209 221,737 2,585,979 -11.27% November 3,200,517 286,235 243,321 2,829,300 -11.60% December 3,573,400 372,883 259,056 3,088,356 -13.57% 3,573,400$ Parks & Recreation Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 455,143$ 455,143$ 398,820$ 398,820$ -12.37% February 821,756 366,613 389,918 788,738 -4.02% March 1,223,523 401,767 481,907 1,270,644 3.85% April 1,610,018 386,495 347,602 1,618,247 0.51% May 2,020,338 410,320 375,193 1,993,440 -1.33% June 2,403,676 383,338 382,162 2,375,602 -1.17% July 2,881,729 478,053 417,118 2,792,720 -3.09% August 3,360,004 478,275 431,550 3,224,270 -4.04% September 3,818,233 458,228 414,950 3,639,219 -4.69% October 4,298,855 480,623 364,874 4,004,094 -6.86% November 4,708,242 409,386 381,830 4,385,924 -6.85% December 5,108,414 400,172 405,964 4,791,888 -6.20% 5,108,414$ *The monthly budget trend columns are based on a two year trend. 2025 City of Edmonds, WA Monthly Expenditure Summary-Planning & Development 2025 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 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Parks & Recreation Current Year Budget Prior Year Pre l i m i n a r y Item 2.1 Packet pg. 35/42 33 GENERAL FUND DEPARTMENT EXPENSE SUMMARY Facilities Maintenance Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 220,084$ 220,084$ 183,854$ 183,854$ -16.46% February 509,963 289,879 208,308 392,161 -23.10% March 703,332 193,369 233,904 626,065 -10.99% April 853,466 150,134 257,846 883,911 3.57% May 1,044,650 191,184 173,159 1,057,070 1.19% June 1,354,598 309,948 116,967 1,174,037 -13.33% July 1,508,356 153,759 171,286 1,345,324 -10.81% August 1,481,751 (26,606) 216,501 1,561,825 5.40% September 1,632,198 150,448 224,742 1,786,566 9.46% October 1,848,696 216,497 177,262 1,963,828 6.23% November 2,066,827 218,132 163,636 2,127,464 2.93% December 2,315,424 248,597 181,995 2,309,459 -0.26% 2,315,424$ Engineering Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 306,461$ 306,461$ 266,631$ 266,631$ -13.00% February 619,822 313,361 254,809 521,440 -15.87% March 918,206 298,384 251,141 772,581 -15.86% April 1,221,752 303,546 254,678 1,027,259 -15.92% May 1,524,227 302,475 254,621 1,281,879 -15.90% June 1,838,427 314,201 328,350 1,610,229 -12.41% July 2,137,057 298,629 225,915 1,836,144 -14.08% August 2,443,023 305,966 262,298 2,098,442 -14.10% September 2,759,027 316,005 270,038 2,368,480 -14.16% October 3,056,756 297,728 253,694 2,622,174 -14.22% November 3,353,621 296,865 256,748 2,878,922 -14.15% December 3,659,350 305,729 275,504 3,154,426 -13.80% 3,659,350$ *The monthly budget trend columns are based on a two year trend. 2025 City of Edmonds, WA Monthly Expenditure Summary-Facilities Maintenance 2025 City of Edmonds, WA Monthly Expenditure Summary-Engineering 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 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 Pre l i m i n a r y Item 2.1 Packet pg. 36/42 34 GENERAL FUND DEPARTMENT EXPENSE SUMMARY Non-Departmental Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 1,806,984$ 1,806,984$ 2,308,618$ 2,308,618$ 27.76% February 2,770,589 963,605 1,112,387 3,421,005 23.48% March 3,730,522 959,933 1,507,574 4,928,579 32.11% April 4,404,928 674,406 1,249,941 6,178,520 40.26% May 5,072,609 667,680 1,125,061 7,303,581 43.98% June 6,739,253 1,666,644 988,625 8,292,206 23.04% July 7,426,804 687,551 1,069,215 9,361,422 26.05% August 9,179,813 1,753,008 968,287 10,329,709 12.53% September 10,649,592 1,469,779 984,403 11,314,112 6.24% October 11,858,226 1,208,634 1,043,002 12,357,114 4.21% November 14,314,849 2,456,623 958,601 13,315,716 -6.98% December 16,054,062 1,739,213 1,466,889 14,782,604 -7.92% 16,054,062$ City of Edmonds, WA Monthly Expenditure Summary-Non-Departmental 2025 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 Non -Departmental Current Year Budget Prior Year *The monthly budget forecast columns are based on a five-year average. Pre l i m i n a r y Item 2.1 Packet pg. 37/42 35 FUND SUMMARIES Fund 016 - Building Maintenance Fund Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 72,006$ 72,006$ -$ $ - 0.00% February 144,011 72,006 2,637 2,637 -98.17% March 216,017 72,006 879 3,517 -98.37% April 288,023 72,006 - 3,517 -98.78% May 360,028 72,006 3,523 7,040 -98.04% June 432,034 72,006 118,062 125,102 -71.04% July 504,039 72,006 - 125,102 -75.18% August 576,045 72,006 100,054 225,157 -60.91% September 648,051 72,006 7,477 232,634 -64.10% October 720,056 72,006 4,000 236,634 -67.14% November 792,062 72,006 17,809 254,443 -67.88% December 864,068 72,006 - 254,443 -70.55% 864,068$ 2025 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. Pre l i m i n a r y Item 2.1 Packet pg. 38/42 36 FUND SUMMARIES Real Estate Excise Tax 1 & 2 Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 152,051$ 152,051$ 175,720$ 175,720$ 15.57% February 279,175 127,124 212,277 387,997 38.98% March 520,392 241,217 223,581 611,578 17.52% April 797,162 276,769 284,863 896,441 12.45% May 1,113,349 316,187 346,132 1,242,573 11.61% June 1,372,986 259,637 944,344 2,186,917 59.28% July 1,694,573 321,586 304,745 2,491,662 47.04% August 2,024,381 329,808 274,224 2,765,886 36.63% September 2,331,156 306,775 271,484 3,037,370 30.29% October 2,584,900 253,743 368,408 3,405,777 31.76% November 2,813,916 229,016 218,692 3,624,469 28.81% December 3,000,000 186,084 307,422 3,931,891 31.06% 3,000,000$ Fund 512 - Technology Rental Fund Expenses Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 514,444$ 514,444$ 646,523$ 646,523$ 25.67% February 678,815 164,371 99,448 745,971 9.89% March 837,579 158,763 137,801 883,772 5.52% April 965,933 128,354 107,675 991,447 2.64% May 1,099,264 133,331 127,424 1,118,870 1.78% June 1,216,209 116,944 101,960 1,220,830 0.38% July 1,400,572 184,363 143,417 1,364,247 -2.59% August 1,561,151 160,580 91,769 1,456,016 -6.73% September 1,720,619 159,467 149,056 1,605,073 -6.72% October 1,870,288 149,669 92,599 1,697,672 -9.23% November 2,000,369 130,081 110,582 1,808,254 -9.60% December 2,228,072 227,703 124,280 1,932,533 -13.26% 2,228,072$ *The monthly budget trend columns are based on a two year trend. City of Edmonds, WA Monthly Revenue Summary-Real Estate Excise Tax 1 & 2 2025 City of Edmonds, WA Monthly Expenditure Summary-Fund 512 - Technology Rental Fund 2025 0 400,000 800,000 1,200,000 1,600,000 2,000,000 2,400,000 2,800,000 3,200,000 3,600,000 4,000,000 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 2,400,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Fund 512 -Technology Rental Fund Expenses Current Year Budget Prior Year Pre l i m i n a r y Item 2.1 Packet pg. 39/42 37 FUND 421 – WATER UTILITY FUND SUMMARY Fund 421 - Water Utility Fund Revenues Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 758,575$ 758,575$ 1,172,734$ 1,172,734$ 54.60% February 1,291,324 532,748 772,532 1,945,266 50.64% March 1,992,624 701,300 1,125,661 3,070,927 54.11% April 2,513,184 520,560 818,654 3,889,580 54.77% May 3,251,692 738,508 1,125,777 5,015,358 54.24% June 3,846,350 594,657 929,813 5,945,171 54.57% July 4,777,133 930,784 1,353,244 7,298,415 52.78% August 8,676,299 3,899,166 1,350,858 8,649,273 -0.31% September 9,722,367 1,046,068 1,696,084 10,345,357 6.41% October 10,440,732 718,365 1,129,270 11,474,627 9.90% November 11,235,325 794,593 1,232,262 12,706,889 13.10% December 11,863,672 628,347 912,781 13,619,670 14.80% 11,863,672$ Fund 421 - Water Utility Fund Expenses Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 1,078,856$ 1,078,856$ 4,006,331$ 4,006,331$ 271.35% February 2,214,272 1,135,416 558,760 4,565,091 106.17% March 3,171,456 957,184 676,194 5,241,285 65.26% April 4,154,277 982,820 622,413 5,863,698 41.15% May 5,223,284 1,069,008 502,512 6,366,210 21.88% June 6,707,093 1,483,809 1,443,371 7,809,581 16.44% July 8,779,423 2,072,330 1,343,686 9,153,266 4.26% August 14,112,894 5,333,471 2,362,031 11,515,298 -18.41% September 16,042,219 1,929,325 1,930,157 13,445,454 -16.19% October 17,654,262 1,612,044 1,082,785 14,528,239 -17.71% November 19,044,280 1,390,017 603,569 15,131,809 -20.54% December 22,570,646 3,526,366 2,218,068 17,349,876 -23.13% 22,570,646$ *The monthly budget trend columns are based on a two year trend. 2025 City of Edmonds, WA Monthly Revenue Summary-Fund 421 - Water Utility Fund 2025 City of Edmonds, WA Monthly Expenditure Summary-Fund 421 - Water Utility Fund *The Revenue increases shown on pages 17-19 are 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. 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 28,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Fund 421 -Water Utility Fund Revenues Current Year Budget Prior Year 0 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 421 -Water Utility Fund Expenses Current Year Budget Prior Year Pre l i m i n a r y Item 2.1 Packet pg. 40/42 38 FUND 422 – STORM UTILITY FUND SUMMARY Fund 422 - Storm Utility Fund Revenues Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 533,460$ 533,460$ 606,261$ 606,261$ 13.65% February 1,879,199 1,345,739 1,405,046 2,011,307 7.03% March 2,426,397 547,198 604,479 2,615,785 7.81% April 2,934,335 507,938 548,286 3,164,072 7.83% May 3,536,482 602,147 723,521 3,887,593 9.93% June 4,029,937 493,454 545,366 4,432,959 10.00% July 4,622,066 592,130 701,734 5,134,692 11.09% August 7,304,917 2,682,851 1,232,245 6,366,938 -12.84% September 7,863,651 558,734 606,606 6,973,544 -11.32% October 8,591,610 727,959 640,493 7,614,037 -11.38% November 9,151,358 559,748 597,517 8,211,554 -10.27% December 9,723,514 572,156 525,674 8,737,227 -10.14% 9,723,514$ Fund 422 - Storm Utility Fund Expenses Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 691,238$ 691,238$ 2,675,783$ 2,675,783$ 287.10% February 2,435,000 1,743,762 629,084 3,304,866 35.72% March 3,144,041 709,040 527,937 3,832,804 21.91% April 3,802,209 658,168 780,275 4,613,078 21.33% May 4,582,451 780,242 439,176 5,052,254 10.25% June 5,221,852 639,401 718,597 5,770,851 10.51% July 5,989,113 767,261 445,471 6,216,322 3.79% August 9,465,458 3,476,345 522,336 6,738,658 -28.81% September 10,189,446 723,988 443,311 7,181,969 -29.52% October 11,132,710 943,264 593,790 7,775,759 -30.15% November 11,858,012 725,302 482,047 8,257,806 -30.36% December 12,599,392 741,380 1,326,238 9,584,044 -23.93% 12,599,392$ *The monthly budget trend columns are based on a two year trend. City of Edmonds, WA Monthly Revenue Summary-Fund 422 - Storm Utility Fund 2025 City of Edmonds, WA Monthly Expenditure Summary-Fund 422 - Storm Utility Fund 2025 *The Revenue increases shown on pages 17-19 are 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. 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 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 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 422 -Storm Utility Fund Expenses Current Year Budget Prior Year Pre l i m i n a r y Item 2.1 Packet pg. 41/42 39 FUND 423 – SEWER UTILITY FUND SUMMARY Fund 423 - Sewer Utility Fund Revenues Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 1,244,815$ 1,244,815$ 1,580,826$ 1,580,826$ 26.99% February 3,122,070 1,877,255 1,380,067 2,960,893 -5.16% March 4,359,126 1,237,056 1,732,089 4,692,982 7.66% April 6,127,518 1,768,391 1,380,124 6,073,106 -0.89% May 7,846,166 1,718,648 2,895,132 8,968,238 14.30% June 8,996,729 1,150,564 1,095,718 10,063,956 11.86% July 10,315,386 1,318,656 1,834,239 11,898,195 15.34% August 14,125,854 3,810,468 1,327,240 13,225,435 -6.37% September 15,463,512 1,337,658 1,597,716 14,823,151 -4.14% October 16,678,239 1,214,727 1,339,229 16,162,380 -3.09% November 17,971,410 1,293,172 2,054,005 18,216,385 1.36% December 19,329,568 1,358,158 1,318,462 19,534,848 1.06% 19,329,568$ Fund 423 - Sewer Utility Fund Expenses Cumulative Monthly Monthly YTD Variance Budget Trend Budget Trend Actuals Actuals % January 1,358,174$ 1,358,174$ 1,430,170$ 1,430,170$ 5.30% February 2,405,850 1,047,675 905,069 2,335,239 -2.93% March 3,442,156 1,036,306 1,851,346 4,186,585 21.63% April 4,803,671 1,361,515 1,162,242 5,348,827 11.35% May 6,062,161 1,258,490 1,255,105 6,603,932 8.94% June 7,375,677 1,313,516 1,621,258 8,225,190 11.52% July 8,652,748 1,277,071 1,087,379 9,312,569 7.63% August 13,097,255 4,444,507 1,211,152 10,523,721 -19.65% September 14,473,820 1,376,565 1,127,737 11,651,458 -19.50% October 16,027,464 1,553,644 1,049,767 12,701,225 -20.75% November 17,552,761 1,525,297 1,099,765 13,800,990 -21.37% December 20,131,741 2,578,980 2,453,478 16,254,468 -19.26% 20,131,741$ *The monthly budget trend columns are based on a two year trend. City of Edmonds, WA Monthly Revenue Summary-Fund 423 - Sewer Utility Fund 2025 City of Edmonds, WA Monthly Expenditure Summary-Fund 423 - Sewer Utility Fund 2025 *The Revenue increases shown on pages 17-19 are 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. 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 28,000,000 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 26,000,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Fund 423 -Sewer Utility Fund Expenses Current Year Budget Prior Year Pre l i m i n a r y Item 2.1 Packet pg. 42/42