2026-03-17 Council FIN Committee PacketEdmonds City Council Agenda
March 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
MARCH 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. January 2026 Monthly Financial Report First Reading – Finance (10 minutes)
2. Financial Policy - Financial Reporting First Reading – Finance (20 minutes)
3. Budget Amendment – April 2026 First Reading – Finance (20 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
March 17, 2026 - Finance Committee
TITLE:January 2026 Monthly Financial Report (First Reading)
DEPARTMENT:Finance
PRESENTER:Richard Gould
NEEDED FROM COUNCIL:Informational
RECOMMENDATION:Review and 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:
Review and move to full council to be received for filing.
BUDGET IMPACTS:
N/A
ITEM HISTORY:
N/A
ADDITIONAL INFORMATION:
ATTACHMENTS:
January 2026 Monthly Financial Report
Item 2.1
Packet pg. 2/148
CITY OF EDMONDS
JANUARY 2026 FINANCIAL REPORT
FY 2026 January
January 31, 2026
Item 2.1
Packet pg. 3/148
1
Table of Contents
Financial Status Analysis .............................. 2
Monthly Highlights ...................................... 4
2025-2026 Biennial Budget Summary ......... 5
All Funds Financial Summary ....................... 6
General Fund Summaries ............................ 7
Development Services Revenue Summary .. 9
Major Revenue Summaries ....................... 10
All Revenue Summary ............................... 13
All Expenditure Summary .......................... 14
Salaries and Benefits Summaries .............. 15
Debt Summary ........................................... 19
Interfund Loan Summary ........................... 20
Investment Portfolio Summary ................. 21
General Fund Cash Flow Report ................ 22
Appendix A ................................................ 23
Item 2.1
Packet pg. 4/148
2
2026 January/Report - Financial Status Analysis
The following analysis concerns the January-2026 financial report. Provided is a summary of financial activity
through January 31st. The total fund balance has decreased by $3.6m as of January 31st. In the 2026 modified budget the City
is projected to see a decrease in fund balance of $17m (for the entire biennium of 2025/2026) 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 ($2.4m), and Sewer Wastewater Treatment Plant ($613k). The most significant impact on budget
in January was the WCIA payment that exceeded $2.7m. The following comments highlight other significant activity in
2026:
•Interest Income continues to decline from 2025 & 2024 (as of this date), down 10.1% (approximately 24k). 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 March 8th whereas it is difficult to purchase long-term bonds over 3.5% for 2–3-
year bonds to complete the City’s investment portfolio.
•Labor costs as of January 31st YTD (year to date) Labor costs are under budget near 1% for January and the
General Fund is right at budget expectations. The General Fund is over budget in just one department by 1% (Public
Works Admin). We came into the second year of the biennium under budget in the first year by almost 9% ($3.7m).
•Revenues & Expenditures - The “All Revenue Summary” shows that the City of Edmonds is under expectations at
6% (this is expected early in the year). The 2026 budget is at 9% just over budget expectations primarily due to the
WCIA payment (liability insurance) as can be seen in the “All Expenditure Summary”.
•Sales Tax trending - January sales taxes were up by 3.2% ($31k) from 2025. This is a nice though modest start to
2026. We did receive February’s for 2026, and it is up from 2025 by 15.7% ($183k). Good news indeed.
•Development Services – exceeded expectations by (2%). However, it is down from 2025 by 6% ($12k). This
continues the trend that started in 2025 and beyond our direct control though we do monitor it (permitting etc.).
Please let me know if you have any questions. I look forward to discussing this with you at the Committee Meeting on March
17th.
Thank you.
Richard A. Gould
Finance Director
Item 2.1
Packet pg. 5/148
3
MONTHLY HIGHLIGHTS
GENERAL FUND HIGHLIGHTS
•Sales Tax is up $30,881 from this point last year. We are currently trending 3.22% over 2025 for sales collections through January.
•General Fund Interfund Loan – The City began repayment of this loan in January of 2026; the outstanding balance on the principal as
of the end of January is $5,750,000. Total interest to date that will be charged for this loan is $287,389.
•Salaries and Benefits City-Wide were $(169,684) less than 2025; with the General Fund being less by $(133,458). Through January, we
expended $2,533,277 for the General Fund which is $(197,579) less than we would expect through this point. This is due to leaving
additional approved and funded positions vacant in 2026.
Sales Tax Property Tax Other Taxes
Actual 990,621 23,182 780,372
Budget 11,700,000 11,713,393 13,222,116
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6,000,000
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12,000,000
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General Fund Tax Revenue (2026 YTD)
Source
2026 Amended
Budget
1/31/2025
Revenues
1/31/2026
Revenues
Amount
Remaining % Received
TAXES $ 36,635,509 $ 1,855,884 $ 1,794,175 $ 34,841,334 5%
LICENSES AND PERMITS 1,965,050 254,488 247,713 1,717,337 13%
INTERGOVERNMENTAL REVENUES 1,248,653 101,840 86,553 1,162,100 7%
CHARGES FOR GOODS AND SERVICES 7,733,347 376,555 317,757 7,415,590 4%
FINES AND PENALTIES 2,888,000 43,263 241,459 2,646,541 8%
MISCELLANEOUS REVENUES 838,381 49,097 27,053 811,328 3%
OTHER INCREASES IN FUND RESOURCES - 5,753,084 - - 0%
OTHER FINANCING SOURCES 50,000 6,675 - 50,000 0%
51,358,940$ 8,440,886$ 2,714,712$ 48,644,228$ 5%
REVENUES - GENERAL FUND - BY SOURCE IN SUMMARY
Item 2.1
Packet pg. 6/148
4
001 General Fund 1,336,357$ 110,525,025$ 57,283,633$ 2,714,712$ 50,526,681$ 109,490,376$ 54,794,334$ 5,139,579$ 54,696,042$ 3,956,235 3,825,656$
009 LEOFF Medical Insurance Reserve Subfund 19,441 550,000 305,000 - 245,000 629,000 337,997 53,830 291,003 (50,056) (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 (1,141) 4,559
016 Building Maintenance Fund 2,380,534 194,410 78,752 6,964 108,694 2,714,068 254,443 - 2,459,625 448,913 2,204,843
017 Marsh Restoration & Preservation Fund 861,616 - - - - 85,720 - - 85,720 861,616 861,616
018 Edmonds Homelessness Response Fund 200,000 - - - - 196,425 109,335 22 87,090 82,340 90,665
019 Edmonds Opioid Response Fund 456,556 100,000 77,004 - 22,996 450,000 - - 450,000 533,560 533,560
Total General Fund 7,487,735 111,369,435 57,744,389 2,721,676 50,903,370 113,576,989 55,496,109 5,193,431 58,080,880 8,060,139 9,736,015
104 Drug Enforcement Fund 47,981 9,400 2,812 151 6,437 40,000 1,150 - 38,850 34,252 49,642
111 Street Fund 177,530 4,885,000 2,428,429 181,057 2,275,514 5,374,146 1,974,208 441,839 3,399,938 343,065 631,751
112 Street Construction Fund 3,211,126 12,153,779 2,786,325 37,805 9,329,649 11,206,049 2,122,618 164,732 9,083,431 4,247,542 3,874,833
117 Municipal Arts Acquisition Fund 671,730 548,241 174,683 1,887 371,671 768,927 226,031 4,582 542,896 388,791 620,383
120 Hotel/Motel Tax Fund 165,422 258,410 141,307 8,710 108,393 290,000 172,927 66,604 117,073 166,712 133,802
121 Employee Parking Permit Fund 12,691 110,290 12,576 16,346 81,368 65,173 2,002 - 63,171 44,812 23,265
122 Youth Scholarship Fund 20,769 4,750 1,786 68 2,897 6,000 300 - 5,700 21,595 22,255
123 Tourism Promotional Arts Fund 151,599 57,970 53,003 3,270 1,698 84,800 29,555 7,508 55,245 136,487 175,047
125 REET 2 2,432,519 3,787,950 2,141,175 62,176 1,584,599 3,047,939 900,751 87,563 2,147,188 4,560,914 3,672,943
126 REET 1 4,631,092 4,043,320 2,265,751 66,866 1,710,703 4,054,434 1,655,205 66,744 2,399,229 6,090,134 5,241,638
127 Gifts Catalog Fund 3,027,911 677,940 2,146,978 14,544 (1,483,581) 1,298,953 421,957 25,628 876,996 4,425,275 4,752,932
130 Cemetery Maintenance/Imp. Fund 130,453 675,719 535,906 19,317 120,496 671,945 282,282 26,994 389,663 243,704 384,078
137 Cemetery Maintenance Fund 1,269,638 183,761 87,829 3,278 92,654 311,124 272,174 - 38,950 1,157,217 1,085,293
138 Sister City Commission Fund 17,896 17,540 6,071 73 11,396 14,800 - - 14,800 22,797 23,967
140 Business Improvement District Fund 34,037 158,418 76,390 45 81,983 173,320 84,393 1,657 88,927 19,368 26,034
141 Affordable Housing Fund 380,831 130,000 70,082 8,577 51,340 - - - - 515,913 450,913
142 Edmonds Rescue Plan Fund 833 - 9,167 - (9,167) - - - - 10,000 10,000
143 Tree Fund 135,348 141,761 312,125 5,859 (176,223) 150,000 67,642 647 82,358 363,090 379,831
Total Special Revenue Funds 16,519,406 27,844,249 13,252,394 430,028 14,161,828 27,557,610 8,213,195 894,498 19,344,415 22,791,665 21,558,604
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231 2012 LTGO Debt Service Fund - 607,060 306,203 - 300,858 607,760 306,203 - 301,558 (350) -
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332 Parks Capital Construction Fund 299,964 684,482 151,499 6,227 526,756 237,035 28,279 - 208,756 632,044 423,184
411 Combined Utility Operations - - 141,155 10,785 (151,940) - - - - 141,155 141,155
421 Water Utility Fund 19,604,419 26,894,575 13,619,670 1,419,376 11,855,529 41,237,970 17,349,876 933,217 23,888,094 12,237,791 15,874,212
422 Storm Utility Fund 11,007,902 21,348,402 8,737,227 823,415 11,787,760 22,972,678 9,584,044 873,709 13,388,634 11,862,687 10,161,085
423 Sewer/WWTP Utility Fund 16,635,982 39,829,016 19,534,848 1,606,318 18,687,850 40,183,053 16,254,468 2,219,216 23,928,585 20,364,498 19,916,362
424 Utility Debt Service Fund - 2,323,310 1,149,487 - 1,173,823 2,297,790 1,149,369 - 1,148,421 119 119
Total Enterprise Funds 47,248,303 90,395,303 43,182,387 3,859,894 43,353,022 106,691,491 44,337,757 4,026,142 62,353,734 44,606,250 46,092,933
511 Equipment Rental Fund 5,380,342 4,889,190 2,917,663 204,126 1,767,401 4,121,587 1,961,576 203,669 2,160,011 6,867,368 6,336,429
512 Technology Rental Fund 906,736 5,056,171 2,408,754 198,158 2,449,259 5,010,600 1,932,533 695,433 3,078,067 1,253,018 1,382,957
Total Internal Service Funds 6,287,078 9,945,361 5,326,417 402,284 4,216,660 9,132,187 3,894,109 899,102 5,238,078 8,120,386 7,719,386
77,842,486$ 240,845,890$ 119,963,288$ 7,420,109$ 113,462,493$ 257,803,072$ 112,275,652$ 11,013,173$ 145,527,420$ 84,210,134$ 85,530,122$
2025-2026 BIENNIAL BUDGET SUMMARY - ALL FUNDS
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2025
Prelimimary
Ending
Fund Balance
2026
Actual Revenues
Period 1
2026
Actual
Expenses
Period 1
TOTAL
2025
Beginning
Fund Balance
2025-2026
Adopted
Revenue
Budget
2025
Preliminary
Revenues
Period 1-12
2025-2026
Adopted
Expense
Budget
2025
Preliminary
Expenses
Period 1-12Fund
2025-2026
Remaining
Budgeted
Revenues
2025-2026
Remaining
Budgeted
Expenses
2026
Estimated
Ending
Fund Balance
Item 2.1
Packet pg. 7/148
5
City of Edmonds
All Funds Financial Summary
As of January 31, 2026
Fund
Beginning Fund
Balance*
Revenues /
Sources
Expenditures /
Uses
Revenues less
Expenditures
Ending Fund
Balance
Governmental
001 General Fund 3,825,656 2,714,712 5,139,579 (2,424,868) 1,400,789
009 LEOFF Medical Insurance Reserve (13,556) - 53,830 (53,830) (67,386)
012 Contingency Reserve 2,228,672 - - - 2,228,672
014 Historic Sub-Fund 4,559 - - - 4,559
016 Building Maintenance 2,204,843 6,964 - 6,964 2,211,807
017 Marsh Restoration 861,616 - - - 861,616
018 Homeless Response 90,665 - 22 (22) 90,643
019 Opioid Response 533,560 - - - 533,560
Total General Funds 9,736,015 2,721,676 5,193,431 (2,471,755) 7,264,260
Special Revenue Funds
104 Drug Enforcement 49,642 151 - 151 49,793
111 Street 631,751 181,057 441,839 (260,782) 370,968
112 Street Construction 3,874,833 37,805 164,732 (126,927) 3,747,906
117 Municipal Arts 620,383 1,887 4,582 (2,695) 617,688
120 Hotel / Motel 133,802 8,710 66,604 (57,894) 75,908
121 Employee Parking 23,265 16,346 - 16,346 39,611
122 Youth Scholarship 22,255 68 - 68 22,322
123 Tourism Promotion 175,047 3,270 7,508 (4,239) 170,808
125 REET 2 3,672,943 62,176 87,563 (25,387) 3,647,555
126 REET 1 5,241,638 66,866 66,744 122 5,241,760
127 Gifts Catalog 4,752,932 14,544 25,628 (11,084) 4,741,848
130 Cemetery Maintenance 384,078 19,317 26,994 (7,677) 376,401
137 Cemetery Trust 1,085,293 3,278 - 3,278 1,088,571
138 Sister City 23,967 73 - 73 24,040
140 Business Improvement 26,034 45 1,657 (1,612) 24,422
141 Affordable Housing 450,913 8,577 - 8,577 459,490
142 Edmonds Rescue 10,000 - - - 10,000
143 Tree Fund 379,831 5,859 647 5,211 385,042
Capital Projects 423,184 6,227 - 6,227 429,411
Debt Service - - - - -
Enterprise Funds
411 Combined Utility Operation 141,155 10,785 - 10,785 151,940
421 Water Utility 15,874,212 1,419,376 933,217 486,159 16,360,371
422 Storm Water Utility 10,161,085 823,415 873,709 (50,294) 10,110,791
423 Sewer / Wastewater Treatment Plant 19,916,362 1,606,318 2,219,216 (612,898) 19,303,464
424 Bond Reserve Fund 119 - - - 119
Internal Service Funds
511 Equipment Rental 6,336,429 204,126 203,669 457 6,336,886
512 Technology Rental 1,382,957 198,158 695,433 (497,274) 885,683
All Funds 85,530,121 7,420,109 11,013,173 (3,593,064) 81,937,057
*All Beginning Fund Balance amounts are preliminary until the completion of the 2025 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.
$250,000 of the Fund Balance in Fund 422 has been reserved for Marsh Restoration Funding.
Item 2.1
Packet pg. 8/148
6
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Title
2026 Amended
Budget
1/31/2025
Expenditures
1/31/2026
Expenditures
Amount
Remaining % Spent
CITY COUNCIL 467,139$ 49,177$ 36,151$ 430,988$ 8%
OFFICE OF MAYOR 498,006 32,643 34,566 463,440 7%
HUMAN RESOURCES 1,107,185 96,327 82,364 1,024,821 7%
CITY ADMINISTRATOR 633,656 - 24,512 609,144 4%
CITY ATTORNEY 1,326,346 - 144,832 1,181,515 11%
CITY CLERK 492,795 - 29,528 463,267 6%
ADMINISTRATIVE SERVICES 1,817,770 189,389 152,119 1,665,651 8%
NON-DEPARTMENTAL 6,768,912 2,308,618 1,686,468 5,082,444 25%
POLICE SERVICES 18,318,018 1,442,398 1,421,817 16,896,201 8%
MUNICIPAL COURT 2,552,457 138,500 196,947 2,355,510 8%
SATELLITE OFFICE - 5,272 - - 0%
COMMUNITY SERVICES/ECONOMIC DEV.- 83,483 19,062 (19,062) 0%
PLANNING & DEVELOPMENT 4,324,631 254,177 308,580 4,016,051 7%
HUMAN SERVICES PROGRAM - 14,131 - - 0%
PARKS & RECREATION 5,281,125 398,820 409,190 4,871,935 8%
PUBLIC WORKS ADMINISTRATION 882,456 56,208 78,009 804,447 9%
FACILITIES MAINTENANCE 2,606,747 183,854 211,604 2,395,143 8%
ENGINEERING 4,151,118 266,631 303,830 3,847,288 7%
51,228,361$ 5,519,627$ 5,139,579$ 46,088,782$ 10%
EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN SUMMARY
CITY OF EDMONDS
Item 2.1
Packet pg. 9/148
7
GENERAL FUND SUMMARY
General Fund - 2025 Revenue Summary
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 5,083,099$ 5,083,099$ 2,714,712$ 2,714,712$ -46.59%
February 8,864,398 3,781,299 2,019,464 4,734,176 -46.59%
March 12,726,533 3,862,135 2,062,636 6,796,812 -46.59%
April 21,208,931 8,482,398 4,530,162 11,326,974 -46.59%
May 25,180,718 3,971,787 2,121,197 13,448,171 -46.59%
June 28,098,591 2,917,873 1,558,337 15,006,508 -46.59%
July 30,749,651 2,651,060 1,415,842 16,422,350 -46.59%
August 33,546,244 2,796,593 1,493,566 17,915,916 -46.59%
September 36,539,778 2,993,534 1,598,745 19,514,661 -46.59%
October 45,143,911 8,604,133 4,595,177 24,109,838 -46.59%
November 48,515,444 3,371,533 1,800,622 25,910,460 -46.59%
December 51,358,940 2,843,496 1,518,615 27,429,075 -46.59%
51,358,940$
General Fund
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 4,863,083$ 4,863,083$ 5,139,579$ 5,139,579$ 5.69%
February 8,755,349 3,892,267 4,113,566 9,253,146 5.69%
March 13,082,213 4,326,863 4,572,872 13,826,018 5.69%
April 17,041,379 3,959,167 4,184,270 18,010,288 5.69%
May 21,125,693 4,084,314 4,316,532 22,326,820 5.69%
June 25,505,669 4,379,976 4,629,005 26,955,825 5.69%
July 29,300,869 3,795,201 4,010,981 30,966,806 5.69%
August 33,250,576 3,949,707 4,174,272 35,141,078 5.69%
September 37,517,608 4,267,032 4,509,639 39,650,717 5.69%
October 41,890,182 4,372,574 4,621,182 44,271,899 5.69%
November 46,334,305 4,444,123 4,696,800 48,968,698 5.69%
December 51,228,361 4,894,056 5,172,314 54,141,012 5.69%
51,228,361$
*The monthly budget trend columns are based on a two year trend.
2026
City of Edmonds, WA
Monthly Revenue Summary-General Fund
2026
City of Edmonds, WA
Monthly Expenditure Summary-General Fund
*The monthly budget trend column is based on a two year trend.
0
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10,000,000
15,000,000
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General Fund
Current Year Budget Prior Year
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JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
General Fund
Current Year Budget Prior Year
Item 2.1
Packet pg. 10/148
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DEVELOPMENT SERVICES REVENUE SUMMARY
Source
2026 Amended
Budget
1/31/2025
Revenues
1/31/2026
Revenues
Amount
Remaining % Received
DEV SERV PERMIT SURCHARGE 90,000$ 10,279$ 8,171$ 81,830$ 9%
RIGHT OF WAY FRANCHISE FEE 30,000 17,322 15,986 14,014 53%
BUILDING PERMITS 40,000 8,043 15,649 24,351 39%
FIRE PERMIT 5,000 - - 5,000 0%
ENGINEERING PERMIT 108,300 3,878 1,847 106,453 2%
ENG PERMIT - RIGHT OF WAY - 9,727 8,478 (8,478) 0%
ENG PERMIT - ENCROACHMENT - - - - 0%
ENG PERMIT - STREET USE - - - - 0%
STREET AND CURB PERMIT - - - - 0%
STREET AND CURB PERMIT W/LEASEHOLD 10,000 - - 10,000 0%
ENGINEERING FEES AND CHARGES - - - - 0%
FIRE CONSTRUCTION INSPECTION FEES 10,000 1,472 4,331 5,669 43%
ZONING/SUBDIVISION FEE - - - - 0%
BUILDING PLAN REVIEW AND INSPECTION 1,160,000 93,923 92,228 1,067,772 8%
BUILDING PEER PLAN REVIEW - - - - 0%
FIRE PLAN REVIEW 25,000 2,792 1,096 23,904 4%
PLANNING REVIEW AND INSPECTION 110,000 12,428 4,944 105,057 4%
PLANNING PEER PLAN REVIEW - - - - 0%
S.E.P.A. REVIEW 6,000 1,834 - 6,000 0%
ENG PLAN REVIEWS 210,000 25,317 6,096 203,904 3%
ENGINEERING PEER PLAN REVIEW 200,000 12,500 19,200 180,800 10%
ENG INSPECTIONS - 3,268 12,293 (12,293) 0%
CRITICAL AREA STUDY 17,000 1,567 1,716 15,284 10%
2,021,300$ 204,351$ 192,033$ 1,829,267$ 10%
CITY OF EDMONDS
DEVELOPMENT SERVICES REVENUES SUMMARY
Item 2.1
Packet pg. 11/148
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MAJOR REVENUE SUMMARY
Property Tax
2025 total property tax collections were 2.85% higher than 2024 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. 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 2022, and 2023-2026.
$-
$37,000
$21,015
$27,939 $32,079
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10,000.00
20,000.00
30,000.00
40,000.00
50,000.00
60,000.00
70,000.00
80,000.00
90,000.00
100,000.00
2022 2023 2024 2025 2026
Property Tax Revenues (January)
Sales Tax
In the next chart, sales tax is up 3.22% from this point in time in 2025. This is up from last year when it was down -1.57% at this point.
$665,493 $692,248 $774,198 $857,872 $879,231
$975,066 $959,740 $990,621
-
100,000.00
200,000.00
300,000.00
400,000.00
500,000.00
600,000.00
700,000.00
800,000.00
900,000.00
1,000,000.00
1,100,000.00
1,200,000.00
2019 2020 2021 2022 2023 2024 2025 YTD 2026
Sales Tax Revenues (January
Item 2.1
Packet pg. 12/148
10
MAJOR REVENUE SUMMARY
Charges for Services
$161,302
$301,913 $297,980 $376,555 $317,757
-
100,000.00
200,000.00
300,000.00
400,000.00
500,000.00
600,000.00
700,000.00
800,000.00
900,000.00
1,000,000.00
2022 2023 2024 2025 2026
Charges for Services Revenues (January)
Water Utility Tax
$82,771 $86,092 $92,691 $99,796
$211,069
-
30,000.00
60,000.00
90,000.00
120,000.00
150,000.00
180,000.00
210,000.00
240,000.00
270,000.00
300,000.00
2022 2023 2024 2025 2026
Water Utility Tax Revenues (January)
Item 2.1
Packet pg. 13/148
11
MAJOR REVENUE SUMMARY
Sewer Utility Tax
$87,637 $89,935 $101,472 $111,523
$245,772
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
2022 2023 2024 2025 2026
Sewer Utility Tax Revenues (January)
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 down -41.78% from this point in time last year.
$625,840
$135,500 $151,084 $158,734 $175,720
$102,307
-
100,000.00
200,000.00
300,000.00
400,000.00
500,000.00
600,000.00
700,000.00
800,000.00
900,000.00
1,000,000.00
2021 2022 2023 2024 2025 2026
Real Estate Excise Taxes (January)
Item 2.1
Packet pg. 14/148
12
ALL REVENUE SUMMARY
Fund
No.Title
2026 Amended
Budget
1/31/2025
Revenues
1/31/2026
Revenues
Amount
Remaining % Received
001 GENERAL FUND 51,358,940$ 8,440,886$ 2,714,712 48,644,228$ 5%
009 LEOFF-MEDICAL INS. RESERVE 275,000 - - 275,000 0%
016 BUILDING MAINTENANCE FUND 94,070 6,935 6,964 87,106 7%
017 MARSH RESTORATION & PRESERVATION FUND - - - - 0%
019 EDMONDS OPIOID RESPONSE FUND 50,000 - - 50,000 0%
104 DRUG ENFORCEMENT FUND 4,610 241 151 4,459 3%
111 STREET FUND 2,445,000 158,584 181,057 2,263,943 7%
112 COMBINED STREET CONST/IMPROVE 9,027,861 36,275 37,805 8,990,056 0%
117 MUNICIPAL ARTS ACQUIS. FUND 121,420 69,203 1,887 119,533 2%
120 HOTEL/MOTEL TAX REVENUE FUND 128,910 8,959 8,710 120,200 7%
121 EMPLOYEE PARKING PERMIT FUND 54,950 8,571 16,346 38,604 30%
122 YOUTH SCHOLARSHIP FUND 2,340 104 68 2,272 3%
123 TOURISM PROMOTIONAL FUND/ARTS 8,740 3,466 3,270 5,470 37%
125 REAL ESTATE EXCISE TAX 2 2,139,330 100,516 62,176 2,077,154 3%
126 REAL ESTATE EXCISE TAX 1 2,262,900 111,057 66,866 2,196,034 3%
127 GIFTS CATALOG FUND 332,360 15,416 14,544 317,816 4%
130 CEMETERY MAINTENANCE/IMPROVEMT 202,562 33,329 19,317 183,245 10%
137 CEMETERY MAINTENANCE TRUST FD 96,924 9,977 3,278 93,646 3%
138 SISTER CITY COMMISSION 6,230 89 73 6,157 1%
140 BUSINESS IMPROVEMENT DISTRICT 79,209 20,655 45 79,164 0%
141 AFFORDABLE AND SUPPORTIVE HOUSING FUND 65,000 8,313 8,577 56,423 13%
142 EDMONDS RESCUE PLAN FUND - 417 - - 0%
143 TREE FUND 58,259 676 5,859 52,400 10%
231 2012 LT GO DEBT SERVICE FUND 301,190 - - 301,190 0%
332 PARKS CAPITAL CONSTRUCTION FUND 335,860 61,792 6,227 329,633 2%
411 COMBINED UTILITY OPERATION - 11,485 10,785 (10,785) 0%
421 WATER UTILITY FUND 15,030,903 1,172,734 1,419,376 13,611,527 9%
422 STORM UTILITY FUND 12,074,888 606,261 823,415 11,251,473 7%
423 SEWER/WWTP UTILITY FUND 20,499,448 1,580,826 1,606,318 18,893,130 8%
424 BOND RESERVE FUND 1,148,390 61 - 1,148,390 0%
511 EQUIPMENT RENTAL FUND 2,512,920 212,670 204,126 2,308,794 8%
512 TECHNOLOGY RENTAL FUND 2,652,589 209,241 198,158 2,454,431 7%
123,370,803$ 12,888,739$ 7,420,109 115,950,694$ 6%
CITY OF EDMONDS
REVENUES BY FUND - SUMMARY
Item 2.1
Packet pg. 15/148
13
ALL EXPENDITURE SUMMARY
Fund
No.Title
2026 Amended
Budget
1/31/2025
Expenditures
1/31/2026
Expenditures
Amount
Remaining % Spent
001 GENERAL FUND 51,228,361$ 5,519,627$ 5,139,579 46,088,782$ 10%
009 LEOFF-MEDICAL INS. RESERVE 311,500 19,126 53,830 257,670 17%
011 RISK MANAGEMENT RESERVE FUND - - - - 0%
014 HISTORIC PRESERVATION GIFT FUND 5,700 - - 5,700 0%
016 BUILDING MAINTENANCE FUND 1,850,000 - - 1,850,000 0%
017 MARSH RESTORATION & PRESERVATION FUND - - - - 0%
018 EDMONDS HOMELESSNESS RESPONSE FUND 8,325 6,675 22 8,303 0%
019 EDMONDS OPIOID RESPONSE FUND 50,000 - - 50,000 0%
104 DRUG ENFORCEMENT FUND 20,000 - - 20,000 0%
111 STREET FUND 2,733,686 328,724 441,839 2,291,847 16%
112 COMBINED STREET CONST/IMPROVE 8,655,152 298,075 164,732 8,490,420 2%
117 MUNICIPAL ARTS ACQUIS. FUND 353,012 250 4,582 348,430 1%
120 HOTEL/MOTEL TAX REVENUE FUND 96,000 1,750 66,604 29,396 69%
121 EMPLOYEE PARKING PERMIT FUND 33,403 - - 33,403 0%
122 YOUTH SCHOLARSHIP FUND 3,000 - - 3,000 0%
123 TOURISM PROMOTIONAL FUND/ARTS 47,300 - 7,508 39,792 16%
125 REAL ESTATE EXCISE TAX 2 1,251,359 26,052 87,563 1,163,796 7%
126 REAL ESTATE EXCISE TAX 1 1,414,404 185 66,744 1,347,660 5%
127 GIFTS CATALOG FUND 660,017 23,400 25,628 634,389 4%
130 CEMETERY MAINTENANCE/IMPROVEMT 342,936 17,600 26,994 315,942 8%
137 CEMETERY MAINTENANCE TRUST FUND 25,000 - - 25,000 0%
138 SISTER CITY COMMISSION 7,400 - - 7,400 0%
140 BUSINESS IMPROVEMENT DISTRICT 85,875 187 1,657 84,218 2%
142 EDMONDS RESCUE PLAN FUND - - - - 0%
143 TREE FUND 75,000 - 647 74,353 1%
231 2012 LT GO DEBT SERVICE FUND 301,540 - - 301,540 0%
332 PARKS CAPITAL CONSTRUCTION FUND 127,000 - - 127,000 0%
421 WATER UTILITY FUND 18,667,324 4,006,331 933,217 17,734,107 5%
422 STORM UTILITY FUND 10,373,286 2,675,783 873,709 9,499,577 8%
423 SEWER/WWTP UTILITY FUND 20,051,312 1,430,170 2,219,216 17,832,096 11%
424 BOND RESERVE FUND 1,148,390 - - 1,148,390 0%
511 EQUIPMENT RENTAL FUND 1,981,981 206,168 203,669 1,778,312 10%
512 TECHNOLOGY RENTAL FUND 2,782,528 646,523 695,433 2,087,095 25%
124,690,791$ 15,206,626$ 11,013,173 113,677,618$ 9%
CITY OF EDMONDS
EXPENDITURES BY FUND - SUMMARY
Item 2.1
Packet pg. 16/148
14
SALARIES AND BENEFITS SUMMARY
Below is a comparison of the total staff labor related costs (salaries and benefits) for 2019 through 2026.
$2,416,418 $2,470,703 $2,670,195 $2,708,925
$4,254,453 $3,645,958
$3,538,391 $3,368,706
-
500,000.00
1,000,000.00
1,500,000.00
2,000,000.00
2,500,000.00
3,000,000.00
3,500,000.00
4,000,000.00
4,500,000.00
5,000,000.00
5,500,000.00
6,000,000.00
2019 2020 2021 2022 2023 2024 2025 2026
Salaries & Benefits (January)
Department
2026 Approved
"Regular" positions
2026 Modification
Reductions
2026 Total
(with modification)
2026 Active
(as of 3/5/26)
2026 Vacant but
funded
(as of 3/6/26)
City Council 8.00 8.00 8.00 -
Mayor 5.00 5.00 5.00 -
City Administrator 2.00 2.00
Human Resources 4.00 4.00 4.00 -
Court 11.67 11.67 11.00 0.67
Administrative Services 10.00 10.00 9.00 1.00
Information Services 6.00 6.00 5.00 1.00
Police 61.50 (2.00) 59.50 58.50 1.00
Planning & Development 20.40 20.40 19.40 1.00
Parks, Recreation and Human Services 30.32 (2.00) 28.32 26.00 2.32
Public Works Admin/Facilities 15.03 15.03 11.03 4.00
Engineering 18.50 18.50 14.50 4.00
Streets/Storm 20.00 20.00 17.00 3.00
Water/Sewer/Treatment Plant 38.00 38.00 30.00 8.00
Equipment Rental 4.00 4.00 4.00 -
Total City Employee Count 254.42 (4.00) 250.42 222.43 25.99
The above chart only reflects approved and funded "regular" positions.
Unfunded "Regular" PositionsUnfunded "Irregular" Positions
Mayor 1.00
Human Resources 0.63 -
Court 1.00 -
Administrative Services 2.00 -
Information Services 1.00 0.25
Police 26.00 -
Community Services & Economic Development 1.75 -
Planning & Development 1.60 -
Parks, Recreation and Human Services 10.94 2.87
Public Works Admin/Facilities 1.00 -
Engineering - 1.00
46.92 4.12
Item 2.1
Packet pg. 17/148
15
Page 1 of 3
Title
2026 Amended
Budget
1/31/2025
Expenditures
1/31/2026
Expenditures
Amount
Remaining % Spent
CITY COUNCIL
SALARIES AND WAGES 265,506$ 22,404$ 18,336$ 247,170$ 7%
OVERTIME - - 813 (813) 0%
BENEFITS 135,028 22,546 12,611 122,417 9%
400,534$ 44,950$ 31,759$ 368,775$ 8%
OFFICE OF MAYOR
SALARIES AND WAGES 298,357$ 23,631$ 23,891$ 274,466$ 8%
OVERTIME - - - - 0%
BENEFITS 77,027 5,888 7,402 69,625 10%
375,384$ 29,519$ 31,293$ 344,091$ 8%
HUMAN RESOURCES
SALARIES AND WAGES 626,019$ 47,069$ 48,790$ 577,230$ 8%
OVERTIME - - - - 0%
BENEFITS 221,541 16,856 17,625 203,916 8%
847,560$ 63,925$ 66,414$ 781,146$ 8%
CITY ADMINISTRATOR
SALARIES AND WAGES 368,025$ 18,839$ 349,186$ 5%
OVERTIME - - - 0%
BENEFITS 97,691 5,673 92,018 6%
465,716$ -$ 24,512$ 441,204$ 5%
CITY CLERK
SALARIES AND WAGES 261,548$ 18,386$ 243,162$ 7%
OVERTIME - - - 0%
BENEFITS 94,617 4,749 89,868 5%
356,165$ -$ 23,135$ 333,030$ 6%
ADMINISTRATIVE SERVICES
SALARIES AND WAGES 1,225,806$ 129,460$ 103,346$ 1,122,460$ 8%
OVERTIME 8,000 - 5,561 2,439 70%
BENEFITS 447,639 41,241 28,746 418,893 6%
1,681,445$ 170,701$ 137,653$ 1,543,792$ 8%
NON-DEPARTMENTAL
SALARIES AND WAGES 249,063$ -$ -$ 249,063$ 0%
OVERTIME - - - - 0%
BENEFITS 48,607 17,859 985 47,622 2%
297,670$ 17,859$ 985$ 296,685$ 0%
POLICE SERVICES
SALARIES AND WAGES 9,364,798$ 830,810$ 722,682$ 8,642,116$ 8%
OVERTIME 764,747 44,861 54,896 709,851 7%
HOLIDAY BUYBACK 287,420 (3,778) - 287,420 0%
BENEFITS 3,281,907 304,841 288,757 2,993,150 9%
13,698,872$ 1,176,734$ 1,066,335$ 12,632,537$ 8%
MUNICIPAL COURT
SALARIES AND WAGES 1,455,523$ 91,206$ 111,613$ 1,343,910$ 8%
OVERTIME 10,000 - 1,155 8,845 12%
BENEFITS 418,948 29,545 34,145 384,803 8%
1,884,471$ 120,751$ 146,912$ 1,737,559$ 8%
COMMUNITY SERVICES/ECON DEV.
SALARIES AND WAGES -$ 55,597$ 10,793$ (10,793)$ 0%
OVERTIME - 940 - - 0%
BENEFITS - 18,614 2,670 (2,670) 0%
-$ 75,151$ 13,463$ (13,463)$ 0%
PLANNING & DEVELOPMENT
SALARIES AND WAGES 2,421,740$ 163,827$ 183,496$ 2,238,244$ 8%
OVERTIME - - - - 0%
BENEFITS 919,886 54,119 68,634 851,252 7%
3,341,626$ 217,946$ 252,130$ 3,089,496$ 8%
HUMAN SERVICES PROGRAM
SALARIES AND WAGES $ - $ 11,034 $ - $ - 0%
OVERTIME - - - - 0%
BENEFITS - 2,958 - - 0% $ - $ 13,992 $ - $ - 0%
CITY OF EDMONDS
EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DETAIL
Item 2.1
Packet pg. 18/148
16
Page 2 of 3
PARKS & RECREATION
SALARIES AND WAGES 2,571,512$ 230,255$ 214,204$ 2,357,308$ 8%
OVERTIME 10,000 667 880 9,120 9%
BENEFITS 1,025,458 85,134 76,832 948,626 7%
3,606,970$ 316,055$ 291,916$ 3,315,054$ 8%
PUBLIC WORKS ADMINISTRATION
SALARIES AND WAGES 489,335$ 29,026$ 46,939$ 442,396$ 10%
OVERTIME - - - - 0%
BENEFITS 194,326 11,462 15,199 179,127 8%
683,661$ 40,488$ 62,138$ 621,523$ 9%
FACILITIES MAINTENANCE
SALARIES AND WAGES 1,038,037$ 96,094$ 78,916$ 959,121$ 8%
OVERTIME 9,000 362 - 9,000 0%
BENEFITS 453,470 37,624 30,312 423,158 7%
1,500,507$ 134,080$ 109,228$ 1,391,279$ 7%
ENGINEERING
SALARIES AND WAGES 2,665,936$ 179,047$ 215,523$ 2,450,413$ 8%
OVERTIME 5,857 1 - 5,857 0%
BENEFITS 957,890 65,537 59,880 898,010 6%
3,629,683$ 244,585$ 275,403$ 3,354,280$ 8%
TOTAL GENERAL FUND EXPENDITURES 32,770,264$ 2,666,735$ 2,533,277$ 30,236,987$ 8%
LEOFF-MEDICAL INS. RESERVE (009)
BENEFITS 167,000$ 8,582$ 15,076$ 151,924$ 9%
167,000$ 8,582$ 15,076$ 151,924$ 9%
STREET FUND (111)
SALARIES AND WAGES 1,026,728$ 60,722$ 58,602$ 968,126$ 6%
OVERTIME 41,700 1,986 5,210 36,490 12%
BENEFITS 449,049 25,744 21,901 427,148 5%
1,517,477$ 88,452$ 85,712$ 1,431,765$ 6%
MUNICIPAL ARTS ACQUIS. FUND (117)
SALARIES AND WAGES 97,365$ -$ -$ 97,365$ 0%
BENEFITS 44,247 - - 44,247 0%
141,612$ -$ -$ 141,612$ 0%
EMPLOYEE PARKING PERMIT FUND (121)
SALARIES AND WAGES 23,718$ -$ -$ 23,718$ 0%
OVERTIME - - - - 0%
BENEFITS 7,585 - - 7,585 0%
31,303$ -$ -$ 31,303$ 0%
REAL ESTATE EXCISE TAX 1 (125)
SALARIES AND WAGES -$ -$ 9,369$ (9,369)$ 0%
OVERTIME - - - - 0%
BENEFITS - - 3,249 (3,249) 0%
-$ -$ 12,618$ (12,618)$ 0%
GIFTS CATALOG FUND (127)
SALARIES AND WAGES 288,125$ 17,576$ 16,987$ 271,138$ 6%
OVERTIME - - - - 0%
BENEFITS 146,862 2,861 6,114 140,748 4%
434,987$ 20,437$ 23,102$ 411,885$ 5%
CITY OF EDMONDS
EXPENDITURES - NON- GENERAL FUND - BY FUND IN DETAIL
CITY OF EDMONDS
EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DETAIL
Item 2.1
Packet pg. 19/148
17
Page 3 of 3
CEMETERY MAINTENANCE/IMPROVEMENT (130)
SALARIES AND WAGES 198,453$ 10,831$ 14,958$ 183,495$ 8%
OVERTIME 3,500 241 - 3,500 0%
BENEFITS 75,188 4,469 6,121 69,067 8%
277,141$ 15,541$ 21,078$ 256,063$ 8%
WATER FUND (421)
SALARIES AND WAGES 1,278,765$ 87,688$ 80,829$ 1,197,936$ 6%
OVERTIME 27,500 5,001 3,809 23,691 14%
BENEFITS 546,838 39,901 35,143 511,695 6%
1,853,103$ 132,590$ 119,781$ 1,733,322$ 6%
STORM FUND (422)
SALARIES AND WAGES 1,078,536$ 75,628$ 89,481$ 989,055$ 8%
OVERTIME 28,552 1,755 879 27,673 3%
BENEFITS 450,180 36,584 39,657 410,523 9%
1,557,268$ 113,966$ 130,017$ 1,427,251$ 8%
SEWER FUND (423)
SALARIES AND WAGES 891,334$ 254,873$ 63,596$ 827,738$ 7%
OVERTIME 32,438 20,708 2,210 30,228 7%
BENEFITS 353,292 92,667 23,649 329,643 7%
1,277,064$ 368,248$ 89,454$ 1,187,610$ 7%
SEWER FUND (423) - WWTP
SALARIES AND WAGES 2,383,116$ 132,976$ 2,250,140$ 6%
OVERTIME 125,000 33,829 91,171.19 27%
BENEFITS 907,763 55,664 852,099.01 6%
3,415,879$ -$ 222,468$ 3,193,411$ 7%
EQUIPMENT RENTAL FUND (511)
SALARIES AND WAGES 472,509$ 38,595$ 40,234$ 432,275$ 9%
OVERTIME 5,000 - - 5,000 0%
BENEFITS 166,475 13,017 13,500 152,975 8%
643,984$ 51,612$ 53,734$ 590,250$ 8%
TECHNOLOGY RENTAL FUND (512)
SALARIES AND WAGES 674,757$ 52,906$ 47,427$ 627,330$ 7%
OVERTIME - - - - 0%
BENEFITS 251,096 19,320 14,962 236,134 6%
925,853$ 72,227$ 62,389$ 863,464$ 7%
TOTAL ALL FUND EXPENDITURES 45,012,935 3,538,391 3,368,706 41,644,229 7%
CITY OF EDMONDS
EXPENDITURES - NON- GENERAL FUND - BY FUND IN DETAIL
Item 2.1
Packet pg. 20/148
18
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 505,000 505,000
2019 LTGO 2,715,000 2,715,000
2021 LTGO (A)9,015,000 3,410,000 1,270,000 2,640,571 1,260,961 433,468
2021 LTGO (B)2,230,000 2,230,000
2015 Revenue Bond 12,920,000 3,911,810 2,583,269 6,424,921
2020 Revenue Bond 13,875,000 13,875,000
2024 Revenue Bond 19,600,000 11,470,000 2,695,000 5,435,000
PWTFL 06-692-012 32,882 32,882
DOE L1400002 294,776 294,776
Sno Co Loan #03-2016 383,862 383,862
2016 (2007 Refinance) Chase Bank 343,056 59,485 4,597 26,758 3,088 112,729 136,399
64,653,920 3,677,827 9,105 65,763 4,868,002 18,878,331 7,551,663 27,258,229 2,345,000
Total Debt Outstanding 64,653,920
*This 2nd table reflects both the principal and interest portions of the debt payments.
2026 2027 2028 2029 2030 2035 2040 2045
2012 LTGO 131,063 83,663 81,975 80,288 83,600 81,800 - -
2019 LTGO 236,475 233,725 235,725 232,225 233,475 1,169,656 935,875 -
2021 LTGO (A)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)170,115 167,715 170,315 167,815 170,315 841,188 845,055 169,290
2015 Revenue Bond 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 1,520,219 3,634,019 12,541,456
2024 Revenue Bond 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 - - - - - - - -
PWTFL 06-692-012 33,046 - - - - - - -
DOE L1400002 40,570 40,570 40,570 40,570 40,570 121,710 - -
Sno Co Loan #03-2016 35,286 34,843 34,400 33,957 33,514 160,927 91,241
2016 (2007 Refinance) Chase Bank 348,785 - - - - - - -
Total Principal and Interest Debt Outstanding 85,039,379$
Annual Principal and Interest Debt Payments
Item 2.1
Packet pg. 21/148
19
INTERFUND LOAN SUMMARY
Below are details of the Interfund Loans from Funds 421 and 422 to the General Fund in 2025.
Month Beginning Balance Loan Repayment Total Balance Interest Rate (%)Monthly Interest
2026-01 3,500,000 (145,833) 3,354,167 4.45%12,440
2026-02 3,354,167 3,354,167 4.45%
2026-03 3,354,167 3,354,167 4.45%
2026-04 3,354,167 3,354,167 4.45%
2026-05 3,354,167 3,354,167 4.45%
2026-06 3,354,167 3,354,167 4.45%
2026-07 3,354,167 3,354,167 4.45%
2026-08 3,354,167 3,354,167 4.45%
2026-09 3,354,167 3,354,167 4.45%
2026-10 3,354,167 3,354,167 4.45%
2026-11 3,354,167 3,354,167 4.45%
2026-12 3,354,167 3,354,167 4.45%
(145,833) 12,440
Fund 421 - Principal
Month Beginning Balance Loan Repayment Total Balance Interest Rate (%)Monthly Interest
2026-01 2,500,000 (104,167) 2,395,833 4.45%8,881
2026-02 2,395,833 2,395,833 4.45%
2026-03 2,395,833 2,395,833 4.45%
2026-04 2,395,833 2,395,833 4.45%
2026-05 2,395,833 2,395,833 4.45%
2026-06 2,395,833 2,395,833 4.45%
2026-07 2,395,833 2,395,833 4.45%
2026-08 2,395,833 2,395,833 4.45%
2026-09 2,395,833 2,395,833 4.45%
2026-10 2,395,833 2,395,833 4.45%
2026-11 2,395,833 2,395,833 4.45%
2026-12 2,395,833 2,395,833 4.45%
(104,167) 8,881
Fund 422 - Principal
Month Beginning Balance Loan Repayment Total Balance
2026-01 155,771 (12,981) 142,790
2026-02 142,790 142,790
2026-03 142,790 142,790
2026-04 142,790 142,790
2026-05 142,790 142,790
2026-06 142,790 142,790
2026-07 142,790 142,790
2026-08 142,790 142,790
2026-09 142,790 142,790
2026-10 142,790 142,790
2026-11 142,790 142,790
2026-12 142,790 142,790
(12,981)
Fund 421 - Interest
Month Beginning Balance Loan Repayment Total Balance
2026-01 110,297 (9,191) 101,106
2026-02 101,106 101,106
2026-03 101,106 101,106
2026-04 101,106 101,106
2026-05 101,106 101,106
2026-06 101,106 101,106
2026-07 101,106 101,106
2026-08 101,106 101,106
2026-09 101,106 101,106
2026-10 101,106 101,106
2026-11 101,106 101,106
2026-12 101,106 101,106
(9,191)
Fund 422 - Interest
Item 2.1
Packet pg. 22/148
20
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 0.01 2,000,000 1,999,812 02/02/26 3.950%
FHLMC Bonds 993,661 0.47 1,115,000 1,100,237 07/22/26 0.830%
Farmer Mac Bonds 2,057,309 0.79 2,305,000 2,260,364 11/17/26 1.150%
First Financial - Waterfront Center CD 245,000 0.90 245,000 245,000 12/27/26 2.469%
US Treasury Note Note 1,003,690 1.08 1,000,000 1,005,825 02/28/27 4.125%
First Financial - ECA CD 2,803,516 1.79 2,803,516 2,803,516 11/15/27 2.956%
Resolution Funding Corporation Bonds 999,192 4.21 1,220,000 1,035,060 04/15/30 4.482%
FFCB Bonds 1,002,270 5.13 1,000,000 1,009,906 03/17/31 4.125%
FFCB Bonds 991,753 5.49 1,165,000 1,014,039 07/28/31 1.310%
TOTAL SECURITIES 12,090,564 2.21 12,853,516 12,473,759
Washington State Local Gov't Investment Pool 63,495,457 63,495,457 Demand 3.78%
TOTAL PORTFOLIO 76,348,973$ 75,969,216$
As of January 31, 2026
City of Edmonds Investment Portfolio Detail
Farmer
Mac, 33%
First
Financial -
CD, 24%
FFCB, 17%
FHLMC, 9%
US
Treasury
Note, 8%
Issuer Diversification Checking,
$3.88 , 5%
State LGIP,
$63.50 ,
79%
CD's, $3.05
, 4%
Note,
$1.00 ,
1%
Bonds,
$8.81 , 11%
Cash and Investment Balances
(in $ Millions)
Item 2.1
Packet pg. 23/148
21
INVESTMENT PORTFOLIO SUMMARY
$947,931 $950,684 $1,091,709
$1,683,872
$3,044,847 $2,914,584
$215,107
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
2020 2021 2022 2023 2024 2025 YTD 2026
Annual Interest Income
131,655 113,128 122,209 141,889
121,627
224,417 239,403
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
2019 2020 2021 2022 2023 2024 2025
Interest Income (January)
Item 2.1
Packet pg. 24/148
City of Edmonds
2026 General Fund (001) Cash Flow Report (with ACTUALS)
Beginning Cash Balance (371,362.11) Difference
Revenues Jan Actual Feb Forecast Mar Forecast Apr Forecast May Forecast Jun Forecast Jul Forecast Aug Forecast Sep Forecast Oct Forecast Nov Forecast Dec Forecast Total Budget inc / (dec)2,714,712 3,876,830 4,268,054 7,370,463 4,277,392 3,422,845 3,365,226 3,337,377 3,630,222 7,771,450 3,830,696 3,180,022 51,045,289 51,358,940 (313,651)
- -- - - - - - - - - - -
Expenditures Jan Actual Feb Forecast Mar Forecast Apr Forecast May Forecast Jun Forecast Jul Forecast Aug Forecast Sep Forecast Oct Forecast Nov Forecast Dec Forecast Total Budget Balance
5,139,579 3,988,829 4,396,970 3,828,266 3,642,673 3,990,288 3,633,779 3,659,149 3,702,582 3,917,696 3,915,636 4,523,834 51,089,282 51,228,361 (139,079)
- - - - - - - - - - - - -
Net Revenue/(Expenditures)(2,424,868) (111,999) (128,916) 3,542,197 634,719 (567,443) (268,553) (321,772) (72,360) 3,853,754 (84,940) (1,343,812) (43,993) 130,579 (174,573)
2
Item 2.1
Packet pg. 25/148
23
APPENDIX A
Item 2.1
Packet pg. 26/148
24
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
City Council
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 46,281$ 46,281$ 36,151$ 36,151$ -21.89%
February 93,767 47,486 37,092 73,244 -21.89%
March 131,999 38,232 29,864 103,108 -21.89%
April 170,890 38,891 30,379 133,487 -21.89%
May 217,805 46,914 36,646 170,133 -21.89%
June 251,744 33,940 26,511 196,644 -21.89%
July 287,585 35,840 27,996 224,640 -21.89%
August 323,246 35,661 27,856 252,496 -21.89%
September 358,236 34,990 27,332 279,827 -21.89%
October 396,060 37,823 29,545 309,372 -21.89%
November 432,728 36,668 28,643 338,015 -21.89%
December 467,139 34,411 26,879 364,894 -21.89%
467,139$
Office of Mayor
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 37,112$ 37,112$ 34,566$ 34,566$ -6.86%
February 76,213 39,101 36,418 70,984 -6.86%
March 119,559 43,346 40,372 111,356 -6.86%
April 162,726 43,167 40,205 151,561 -6.86%
May 218,379 55,654 51,835 203,397 -6.86%
June 254,833 36,454 33,953 237,350 -6.86%
July 295,364 40,531 37,750 275,100 -6.86%
August 334,749 39,385 36,682 311,782 -6.86%
September 373,340 38,591 35,944 347,726 -6.86%
October 415,197 41,857 38,986 386,712 -6.86%
November 451,655 36,457 33,956 420,668 -6.86%
December 498,006 46,351 43,171 463,839 -6.86%
498,006$
*The monthly budget trend columns are based on a two year trend.
2026
City of Edmonds, WA
Monthly Expenditure Summary-City Council
2026
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
Item 2.1
Packet pg. 27/148
25
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Human Resources
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 117,174$ 117,174$ 82,364$ 82,364$ -29.71%
February 210,057 92,883 65,290 147,653 -29.71%
March 298,803 88,746 62,381 210,034 -29.71%
April 385,486 86,683 60,931 270,966 -29.71%
May 470,433 84,946 59,711 330,676 -29.71%
June 558,476 88,043 61,887 392,564 -29.71%
July 659,647 101,171 71,115 463,679 -29.71%
August 743,350 83,704 58,837 522,516 -29.71%
September 829,180 85,830 60,332 582,847 -29.71%
October 918,408 89,228 62,720 645,567 -29.71%
November 1,015,642 97,234 68,348 713,915 -29.71%
December 1,107,185 91,543 64,347 778,262 -29.71%
1,107,185$
Municipal Court
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 189,077$ 189,077$ 196,947$ 196,947$ 4.16%
February 391,212 202,135 210,548 407,495 4.16%
March 585,244 194,032 202,109 609,604 4.16%
April 778,270 193,025 201,060 810,664 4.16%
May 978,908 200,638 208,989 1,019,653 4.16%
June 1,183,551 204,643 213,161 1,232,814 4.16%
July 1,393,679 210,128 218,874 1,451,688 4.16%
August 1,619,233 225,554 234,943 1,686,630 4.16%
September 1,850,650 231,417 241,049 1,927,680 4.16%
October 2,088,251 237,601 247,490 2,175,170 4.16%
November 2,321,780 233,529 243,249 2,418,419 4.16%
December 2,552,457 230,677 240,278 2,658,698 4.16%
2,552,457$
*The monthly budget trend columns are based on a two year trend.
2026
City of Edmonds, WA
Monthly Expenditure Summary-Human Resources
2026
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
2,400,000
2,600,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Municipal Court
Current Year Budget Prior Year
Item 2.1
Packet pg. 28/148
26
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Administrative Services
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 167,804$ 167,804$ 152,119$ 152,119$ -9.35%
February 319,854 152,050 137,838 289,956 -9.35%
March 470,708 150,853 136,752 426,709 -9.35%
April 614,409 143,701 130,269 556,978 -9.35%
May 809,489 195,080 176,845 733,823 -9.35%
June 941,299 131,810 119,490 853,312 -9.35%
July 1,070,865 129,566 117,455 970,767 -9.35%
August 1,207,049 136,184 123,454 1,094,222 -9.35%
September 1,344,774 137,725 124,851 1,219,073 -9.35%
October 1,507,147 162,372 147,195 1,366,268 -9.35%
November 1,672,825 165,678 150,192 1,516,459 -9.35%
December 1,817,770 144,945 131,397 1,647,856 -9.35%
1,817,770$
*The monthly budget trend columns are based on a two year trend.
2026
City of Edmonds, WA
Monthly Expenditure Summary-Administrative Services
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
Administrative Services
Current Year Budget Prior Year
Item 2.1
Packet pg. 29/148
27
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
City Attorney
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 110,529$ 110,529$ 144,832$ 144,832$ 31.04%
February 221,058 110,529 144,832 289,663 31.04%
March 331,586 110,529 144,832 434,495 31.04%
April 442,115 110,529 144,832 579,326 31.04%
May 552,644 110,529 144,832 724,158 31.04%
June 663,173 110,529 144,832 868,989 31.04%
July 773,702 110,529 144,832 1,013,821 31.04%
August 884,230 110,529 144,832 1,158,652 31.04%
September 994,759 110,529 144,832 1,303,484 31.04%
October 1,105,288 110,529 144,832 1,448,315 31.04%
November 1,215,817 110,529 144,832 1,593,147 31.04%
December 1,326,345 110,529 144,832 1,737,978 31.04%
1,326,345$
Police
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 1,448,757$ 1,448,757$ 1,421,817$ 1,421,817$ -1.86%
February 2,906,891 1,458,134 1,431,019 2,852,836 -1.86%
March 4,491,917 1,585,027 1,555,553 4,408,389 -1.86%
April 5,969,167 1,477,250 1,449,780 5,858,169 -1.86%
May 7,644,307 1,675,140 1,643,991 7,502,160 -1.86%
June 9,230,967 1,586,660 1,557,156 9,059,315 -1.86%
July 10,705,940 1,474,973 1,447,546 10,506,861 -1.86%
August 12,118,098 1,412,157 1,385,898 11,892,759 -1.86%
September 13,563,261 1,445,164 1,418,290 13,311,049 -1.86%
October 15,123,250 1,559,989 1,530,981 14,842,030 -1.86%
November 16,784,873 1,661,623 1,630,724 16,472,754 -1.86%
December 18,318,018 1,533,145 1,504,636 17,977,390 -1.86%
18,318,018$
*The monthly budget trend columns are based on a two year trend.
2026
City of Edmonds, WA
Monthly Expenditure Summary-City Attorney
2026
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
1,400,000
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
Item 2.1
Packet pg. 30/148
28
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Planning & Development
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 328,337$ 328,337$ 308,580$ 308,580$ -6.02%
February 700,643 372,306 349,904 658,485 -6.02%
March 1,108,494 407,852 383,311 1,041,795 -6.02%
April 1,507,308 398,814 374,817 1,416,612 -6.02%
May 1,867,024 359,716 338,072 1,754,684 -6.02%
June 2,237,643 370,618 348,318 2,103,002 -6.02%
July 2,566,182 328,539 308,771 2,411,772 -6.02%
August 2,870,595 304,413 286,097 2,697,869 -6.02%
September 3,318,139 447,544 420,615 3,118,484 -6.02%
October 3,632,413 314,274 295,364 3,413,848 -6.02%
November 3,976,012 343,599 322,925 3,736,772 -6.02%
December 4,324,631 348,619 327,642 4,064,414 -6.02%
4,324,631$
Parks & Recreation
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 425,181$ 425,181$ 409,190$ 409,190$ -3.76%
February 853,429 428,249 412,143 821,333 -3.76%
March 1,341,593 488,164 469,804 1,291,137 -3.76%
April 1,752,303 410,710 395,264 1,686,401 -3.76%
May 2,184,681 432,378 416,117 2,102,518 -3.76%
June 2,614,635 429,954 413,784 2,516,301 -3.76%
July 3,076,586 461,951 444,577 2,960,879 -3.76%
August 3,557,215 480,629 462,553 3,423,432 -3.76%
September 3,998,615 441,400 424,800 3,848,232 -3.76%
October 4,413,096 414,481 398,893 4,247,125 -3.76%
November 4,822,266 409,170 393,782 4,640,906 -3.76%
December 5,281,125 458,859 441,601 5,082,508 -3.76%
5,281,125$
*The monthly budget trend columns are based on a two year trend.
2026
City of Edmonds, WA
Monthly Expenditure Summary-Planning & Development
2026
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
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Parks & Recreation
Current Year Budget Prior Year
Item 2.1
Packet pg. 31/148
29
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Facilities Maintenance
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 242,473$ 242,473$ 211,604$ 211,604$ -12.73%
February 490,971 248,498 216,862 428,467 -12.73%
March 733,425 242,455 211,589 640,056 -12.73%
April 987,110 253,684 221,388 861,444 -12.73%
May 1,185,395 198,285 173,042 1,034,486 -12.73%
June 1,535,749 350,354 305,752 1,340,238 -12.73%
July 1,738,024 202,275 176,524 1,516,763 -12.73%
August 1,765,212 27,188 23,727 1,540,489 -12.73%
September 1,985,460 220,248 192,209 1,732,698 -12.73%
October 2,191,154 205,694 179,508 1,912,206 -12.73%
November 2,386,521 195,367 170,496 2,082,702 -12.73%
December 2,606,747 220,226 192,190 2,274,892 -12.73%
2,606,747$
Engineering
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 359,555$ 359,555$ 303,830$ 303,830$ -15.50%
February 713,632 354,077 299,201 603,031 -15.50%
March 1,045,025 331,392 280,032 883,062 -15.50%
April 1,388,340 343,315 290,107 1,173,169 -15.50%
May 1,725,547 337,207 284,945 1,458,114 -15.50%
June 2,111,199 385,652 325,882 1,783,996 -15.50%
July 2,432,015 320,816 271,095 2,055,091 -15.50%
August 2,785,781 353,766 298,937 2,354,028 -15.50%
September 3,136,985 351,204 296,773 2,650,801 -15.50%
October 3,472,951 335,966 283,896 2,934,698 -15.50%
November 3,804,125 331,175 279,848 3,214,546 -15.50%
December 4,151,118 346,993 293,214 3,507,760 -15.50%
4,151,118$
*The monthly budget trend columns are based on a two year trend.
2026
City of Edmonds, WA
Monthly Expenditure Summary-Facilities Maintenance
2026
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
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
4,400,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Engineering
Current Year Budget Prior Year
Item 2.1
Packet pg. 32/148
30
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Non-Departmental
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 982,771$ 982,771$ 1,686,468$ 1,686,468$ 71.60%
February 1,318,318 335,547 575,809 2,262,277 71.60%
March 1,767,509 449,191 770,826 3,033,103 71.60%
April 2,131,057 363,549 623,862 3,656,965 71.60%
May 2,453,970 322,912 554,128 4,211,094 71.60%
June 2,981,104 527,134 904,580 5,115,673 71.60%
July 3,297,961 316,857 543,737 5,659,411 71.60%
August 3,875,730 577,769 991,470 6,650,881 71.60%
September 4,509,750 634,020 1,088,000 7,738,880 71.60%
October 5,207,370 697,620 1,197,140 8,936,020 71.60%
November 5,872,477 665,107 1,141,345 10,077,365 71.60%
December 6,768,912 896,435 1,538,312 11,615,677 71.60%
6,768,912$
City of Edmonds, WA
Monthly Expenditure Summary-Non-Departmental
2026
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.
Item 2.1
Packet pg. 33/148
31
FUND SUMMARIES
Fund 016 - Building Maintenance Fund
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 154,167$ 154,167$ -$ -$ 0.00%
February 308,333 154,167 2,637 2,637 -99.14%
March 462,500 154,167 879 3,517 -99.24%
April 616,666 154,167 - 3,517 -99.43%
May 770,833 154,167 3,523 7,040 -99.09%
June 925,000 154,167 118,062 125,102 -86.48%
July 1,079,166 154,167 - 125,102 -88.41%
August 1,233,333 154,167 100,054 225,157 -81.74%
September 1,387,499 154,167 7,477 232,634 -83.23%
October 1,541,666 154,167 4,000 236,634 -84.65%
November 1,695,833 154,167 17,809 254,443 -85.00%
December 1,849,999 154,167 - 254,443 -86.25%
1,849,999$
2026
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
1,800,000
2,000,000
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.
Item 2.1
Packet pg. 34/148
32
FUND SUMMARIES
Real Estate Excise Tax 1 & 2
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 180,699$ 180,699$ 102,307$ 102,307$ -43.38%
February 369,890 189,191 107,115 209,423 -43.38%
March 620,117 250,227 141,672 351,095 -43.38%
April 968,775 348,659 197,402 548,497 -43.38%
May 1,339,598 370,823 209,951 758,448 -43.38%
June 2,004,973 665,375 376,719 1,135,167 -43.38%
July 2,359,988 355,015 201,001 1,336,168 -43.38%
August 2,738,388 378,400 214,241 1,550,408 -43.38%
September 3,038,181 299,793 169,736 1,720,144 -43.38%
October 3,439,573 401,392 227,258 1,947,402 -43.38%
November 3,713,484 273,912 155,082 2,102,484 -43.38%
December 4,000,000 286,516 162,218 2,264,703 -43.38%
4,000,000$
Fund 512 - Technology Rental Fund Expenses
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 839,016$ 839,016$ 695,433$ 695,433$ -17.11%
February 983,800 144,784 120,006 815,439 -17.11%
March 1,165,508 181,708 150,612 966,051 -17.11%
April 1,316,718 151,209 125,332 1,091,383 -17.11%
May 1,506,526 189,808 157,326 1,248,709 -17.11%
June 1,655,173 148,647 123,209 1,371,918 -17.11%
July 1,872,333 217,160 179,997 1,551,915 -17.11%
August 2,040,789 168,456 139,627 1,691,542 -17.11%
September 2,227,781 186,992 154,991 1,846,533 -17.11%
October 2,409,853 182,073 150,914 1,997,447 -17.11%
November 2,572,514 162,661 134,824 2,132,271 -17.11%
December 2,782,528 210,014 174,073 2,306,345 -17.11%
2,782,528$
*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
2026
City of Edmonds, WA
Monthly Expenditure Summary-Fund 512 - Technology Rental Fund
2026
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
2,600,000
2,800,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Fund 512 -Technology Rental Fund Expenses
Current Year Budget Prior Year
Item 2.1
Packet pg. 35/148
33
FUND 421 – WATER UTILITY FUND SUMMARY
Fund 421 - Water Utility Fund Revenues
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 958,926$ 958,926$ 1,419,376$ 1,419,376$ 48.02%
February 1,588,753 629,828 932,254 2,351,630 48.02%
March 2,517,448 928,694 1,374,629 3,726,259 48.02%
April 3,193,768 676,320 1,001,071 4,727,330 48.02%
May 4,118,581 924,813 1,368,883 6,096,213 48.02%
June 4,874,074 755,494 1,118,261 7,214,475 48.02%
July 5,979,594 1,105,520 1,636,361 8,850,836 48.02%
August 10,988,128 5,008,534 7,413,499 16,264,334 48.02%
September 12,357,871 1,369,743 2,027,457 18,291,791 48.02%
October 13,273,924 916,053 1,355,917 19,647,709 48.02%
November 14,275,600 1,001,676 1,482,654 21,130,363 48.02%
December 15,030,903 755,303 1,117,979 22,248,342 48.02%
15,030,903$
Fund 421 - Water Utility Fund Expenses
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 2,438,923$ 2,438,923$ 933,217$ 933,217$ -61.74%
February 3,071,564 632,641 242,071 1,175,287 -61.74%
March 3,765,937 694,372 265,691 1,440,979 -61.74%
April 4,498,284 732,347 280,222 1,721,200 -61.74%
May 5,102,424 604,140 231,165 1,952,365 -61.74%
June 6,386,351 1,283,927 491,275 2,443,640 -61.74%
July 7,647,492 1,261,141 482,557 2,926,197 -61.74%
August 12,382,855 4,735,363 1,811,915 4,738,112 -61.74%
September 14,100,725 1,717,870 657,317 5,395,429 -61.74%
October 15,252,589 1,151,864 440,743 5,836,172 -61.74%
November 16,168,803 916,214 350,575 6,186,747 -61.74%
December 18,667,324 2,498,521 956,021 7,142,768 -61.74%
18,667,324$
*The monthly budget trend columns are based on a two year trend.
2026
City of Edmonds, WA
Monthly Revenue Summary-Fund 421 - Water Utility Fund
2026
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
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
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Fund 421 -Water Utility Fund Expenses
Current Year Budget Prior Year
Item 2.1
Packet pg. 36/148
34
FUND 422 – STORM UTILITY FUND SUMMARY
Fund 422 - Storm Utility Fund Revenues
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 701,478$ 701,478$ 823,415$ 823,415$ 17.38%
February 2,281,792 1,580,315 1,855,018 2,678,433 17.38%
March 2,982,974 701,181 823,067 3,501,499 17.38%
April 3,622,071 639,097 750,191 4,251,690 17.38%
May 4,409,302 787,230 924,073 5,175,763 17.38%
June 5,042,798 633,497 743,617 5,919,380 17.38%
July 5,823,677 780,878 916,617 6,835,997 17.38%
August 9,008,589 3,184,913 3,738,541 10,574,538 17.38%
September 9,720,915 712,325 836,148 11,410,686 17.38%
October 10,695,619 974,705 1,144,136 12,554,822 17.38%
November 11,398,319 702,699 824,848 13,379,671 17.38%
December 12,074,888 676,569 794,176 14,173,847 17.38%
12,074,888$
Fund 422 - Storm Utility Fund Expenses
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 602,625$ 602,625$ 873,709$ 873,709$ 44.98%
February 1,960,241 1,357,616 1,968,323 2,842,032 44.98%
March 2,562,611 602,370 873,340 3,715,372 44.98%
April 3,111,646 549,035 796,013 4,511,385 44.98%
May 3,787,940 676,293 980,516 5,491,901 44.98%
June 4,332,164 544,224 789,037 6,280,938 44.98%
July 5,003,000 670,836 972,604 7,253,542 44.98%
August 7,739,092 2,736,092 3,966,892 11,220,434 44.98%
September 8,351,036 611,944 887,220 12,107,654 44.98%
October 9,188,385 837,349 1,214,020 13,321,674 44.98%
November 9,792,059 603,674 875,230 14,196,905 44.98%
December 10,373,286 581,227 842,685 15,039,589 44.98%
10,373,286$
*The monthly budget trend columns are based on a two year trend.
City of Edmonds, WA
Monthly Revenue Summary-Fund 422 - Storm Utility Fund
2026
City of Edmonds, WA
Monthly Expenditure Summary-Fund 422 - Storm Utility Fund
2026
*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
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Fund 422 -Storm Utility Fund Expenses
Current Year Budget Prior Year
Item 2.1
Packet pg. 37/148
35
FUND 423 – SEWER UTILITY FUND SUMMARY
Fund 423 - Sewer Utility Fund Revenues
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 1,433,083$ 1,433,083$ 1,606,318$ 1,606,318$ 12.09%
February 2,737,085 1,304,002 1,461,634 3,067,952 12.09%
March 4,238,410 1,501,325 1,682,809 4,750,761 12.09%
April 5,924,788 1,686,378 1,890,232 6,640,993 12.09%
May 8,041,804 2,117,016 2,372,927 9,013,920 12.09%
June 9,165,000 1,123,196 1,258,971 10,272,891 12.09%
July 10,743,639 1,578,639 1,769,469 12,042,360 12.09%
August 14,811,596 4,067,957 4,559,703 16,602,063 12.09%
September 16,280,297 1,468,701 1,646,242 18,248,305 12.09%
October 17,524,918 1,244,621 1,395,074 19,643,378 12.09%
November 19,202,434 1,677,516 1,880,299 21,523,677 12.09%
December 20,499,448 1,297,014 1,453,800 22,977,478 12.09%
20,499,448$
Fund 423 - Sewer Utility Fund Expenses
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 1,435,442$ 1,435,442$ 2,219,216$ 2,219,216$ 54.60%
February 2,409,722 974,280 1,506,252 3,725,468 54.60%
March 4,001,110 1,591,388 2,460,311 6,185,779 54.60%
April 5,403,943 1,402,834 2,168,803 8,354,582 54.60%
May 6,545,160 1,141,217 1,764,340 10,118,922 54.60%
June 8,094,094 1,548,934 2,394,676 12,513,598 54.60%
July 9,267,050 1,172,956 1,813,409 14,327,006 54.60%
August 13,636,809 4,369,759 6,755,717 21,082,723 54.60%
September 15,001,984 1,365,175 2,110,582 23,193,305 54.60%
October 16,219,443 1,217,459 1,882,211 25,075,516 54.60%
November 17,498,841 1,279,398 1,977,970 27,053,486 54.60%
December 20,051,312 2,552,471 3,946,161 30,999,647 54.60%
20,051,312$
*The monthly budget trend columns are based on a two year trend.
City of Edmonds, WA
Monthly Revenue Summary-Fund 423 - Sewer Utility Fund
2026
City of Edmonds, WA
Monthly Expenditure Summary-Fund 423 - Sewer Utility Fund
2026
*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
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
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Fund 423 -Sewer Utility Fund Expenses
Current Year Budget Prior Year
Item 2.1
Packet pg. 38/148
City Council Agenda Item 2.2
March 17, 2026 - Finance Committee
TITLE:Financial Policy - Financial Reporting (First Reading)
DEPARTMENT:Finance
PRESENTER:Richard Gould
NEEDED FROM COUNCIL:Action
RECOMMENDATION:Discussion and forward to full Council.
BUDGET:
Total Dollar Amount:N/A ☐ Approved in Budget
Fund(s):N?A ☒ Budget Reallocation Required
☐ No Budget Impact
PROBLEM/ISSUE STATEMENT:
In 2025 Council expressed interest in reducing the length/size of the monthly financial reports to under
15 pages. We reduced it to 20 pages last April. However, to be compliant with the current financial
policy it grew back to 43 pages in September. More does not always mean better as in 2022 and 2023
December’s financial reports were 37 pages, yet it is difficult to note that in both years over $4m in
general fund reserves were used ($13m in total).
CONTEXT, ANALYSIS, & ALTERNATIVES:
Last year when preparing the financial report for April, I prepared an analysis of how we (staff and I)
reduced the size of the report to 20 pages. Most of the Council seemed to be in favor of this. The
current reporting policy requires almost 40 pages of reports to stay compliant. I do not believe that this
is necessary, nor do I think it is in the best interest of the City Council. As I stated last May, presenting
the new shortened version of financial reports, the lengthy report includes data that is most relevant to
directors and managers. I would expect the City Council to have less managerial type reports and higher
levels such as at fund and department totals. I have compared our reporting portion of the city’s
financial policies to those of Lynnwood, Mukilteo and Mountlake Terrace. They all use the biennial
budget format as we do.
RECOMMENDATION:
Discussion and forward to full Council.
BUDGET IMPACTS:
N/A
ITEM HISTORY:
The Financial Policies were updated in 2024. The Financial reporting requirements are a section of the
Financial Policies. Some cities such as Shoreline do not include a section in their Financial Policies that
Item 2.2
Packet pg. 39/148
include directions on the provision of financial reports. The four cities that have been researched
(including Shoreline) provide quarterly reports to their Council and public.
ADDITIONAL INFORMATION:
Comparing reporting policies and financial reports with the cities of Shoreline, Mukilteo, Mountlake
Terrace and Lynnwood.
ATTACHMENTS:
N/A
Item 2.2
Packet pg. 40/148
City of Mukilteo
Budget Policy
Reporting
a) A revenue/expenditure report will be produced monthly so that it can be directly
compared to the actual results of the fiscal year to date. (See monthly Fund Progress
Report posted on City website.)
b) Each quarter, staff will produce a “Quarterly Financial Report” comparing
current year to past year actual revenue and expenditure and present the data to City
Council.
c) Semi-annually, staff will provide revenue and expenditure projections for the next
five years (General Fund Projection Model.) Projections will include estimated operating
costs for future capital improvements that are included in the capital budget (See the
Capital Facilities Plan). This data will be presented to the City Council in a form to
facilitate annual budget decisions, based on a multi-year strategic planning perspective.
City of Lynnwood
Reporting: General
A. The Finance Department shall prepare financial reports that show and monitor actual
performance in various expenditures and revenues with the adopted budget and
planning forecasts.
i. The reporting system shall include a financial analysis of the overall financial status of
the City and of its key funds, including, but not limited to, an analysis of all available
financial resources.
ii. This analysis should discuss the current financial status, and the immediate and
longer-term future financial status.
iii. A complete analysis shall be prepared quarterly.
City of Mountlake Terrace
Budgeting (section of financial policies):
The City Manager will present to the City Council quarterly financial reports
identifying trends in revenues and expenditures for each of the City’s operating funds.
Item 2.2
Packet pg. 41/148
Multi-Year Forecast
Each year the city will update expenditure and revenue forecasts for the next six years.
Projections will include estimated operating costs for future capital improvements that
are included in the capital budget.
City of Edmonds
Financial Reporting Policy
Interim Financial Reports
Interim financial reports of all funds of the City shall be presented to the Council
Finance Committee (Committee) each month on a timely basis (preferably in the
month following the month subject to the report). Such reports shall:
1.Identify any issues or items of note on the cover page
2.Provide the beginning fund balance, revenues, expenditures and
ending fund balance on a modified accrual basis for all funds of the
City.
a.For purposes of the proprietary funds, fund balance shall be the
working capital (current assets minus current liabilities).
b.For purposes of the governmental funds, fund balance shall
begin with the published ending fund balance from the prior
fiscal year (including accruals but not reversal entries (aka:
period zero) so as to approximate modified accrual).
3.Provide the unreserved and reserved cash balances for all City funds.
4.Indicate any interfund borrowing necessary to maintain positive cash
balances in a manner consistent with the City's interfund loan policy.
5.Year-to-date status of all major fund revenue and expenditures of the
City (major funds are those where expenditures represent at least
10 percent of the City's total expenditures).
a.Such information shall be presented in both numeric and graphic
form and illustrate a comparison with monthly forecast
expectations.
b.All departments of the City's General Fund and Enterprise Funds
shall be presented in like manner.
6.A cash-flow report for the General Fund illustrating anticipated receipts
and disbursements for each future month and the actual receipts and
disbursements for past months.
7.Project reports shall be presented on major projects (both
Item 2.2
Packet pg. 42/148
operating and capital projects) previously identified by the
Committee.
8.Investment balances along with year-to-date interest earnings.
Mid-year Financial Review
A review of City financial highlights shall occur approximately in the middle of
the City's fiscal year. Such a review shall be provided to the full City Council and
shall include:
1.A review of the prior year's audit including:
a.Any findings or management letters presented to the City by the
SAO,
b.The Audit Opinions provided to the City by the SAO,
c.Any changes or adjustments made to the published, unaudited
financial reports made due to audit.
2.A review of the current biennial budget to date including:
a.Any updates to beginning fund balances as a result of audit,
b. Biennium-to-date budgetary performance of major revenues and
expenditures compared to expectations including any resulting
budget amendment recommendations. (For example, if revenues
are below expectations a recommendation could be made to
adjust budget authority).
c.The status of any interfund loans consistent with the City's lnterfund
Loan Policy.
3.A preview of the future budgetary expectations.
a.In an odd-numbered year, the preview will focus on the upcoming
mid-biennium review.
b.In an even-numbered year, the preview will focus on the
upcoming biennial budget process.
c.The preview will include:
i.Expectations for revenue trends and the underlying issues
that influence the expectations. If changes to rates or fees
are anticipated, they shall be part of this discussion.
ii.Expectations for expenditures in the coming fiscal period
and the underlying issues influencing these expectations.
iii.A draft calendar for the upcoming process (either mid-
biennium review or biennial budget process).
iv.An update to the long-range financial plan as appropriate
along with relevant assumptions.
Item 2.2
Packet pg. 43/148
Item 2.2
Packet pg. 44/148
City of Mukilteo General Fund Monthly Expenditure Summary
General Fund - 011
Exhibit 4
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 1,992,369$ 2,195,025$ 202,657 110.2%
FEB 3,311,376 3,433,950 122,575 103.7%
MAR 4,914,289 5,233,706 319,417 106.5%
APR 6,085,417 6,387,564 302,147 105.0%
MAY 7,338,144 7,632,707 294,562 104.0%
JUN 8,788,418 9,240,678 452,260 105.1%
JUL 10,029,062 -
AUG 11,229,156 -
SEPT 12,857,867 -
OCT 14,136,540 -
NOV 15,381,217 -
DEC 19,820,803 -
19,332,744
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 4,876$ 3,888$ (989) 79.7%
FEB 15,943 8,657 (7,286) 54.3%
MAR 21,840 15,346 (6,494) 70.3%
APR 31,473 20,965 (10,508) 66.6%
MAY 37,151 24,424 (12,727) 65.7%
JUN 43,331 31,748 (11,583) 73.3%
JUL 50,025 -
AUG 54,736 -
SEPT 59,853 -
OCT 66,291 -
NOV 77,613 -
DEC 82,244 -
87,432.00
Total General Fund Expenditures
Council Department
1,000,000
3,000,000
5,000,000
7,000,000
9,000,000
11,000,000
13,000,000
15,000,000
17,000,000
19,000,000
21,000,000
Total General Fund Expenditures
Series1
Series2
Series3
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
Series1
Series2
Series3
CouncilExpenditures
Item 2.2
Packet pg. 45/148
City of Mukilteo General Fund Monthly Expenditure Summary
General Fund - 011
Exhibit 4
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 189,441$ 207,187$ 17,746 109.4%
FEB 361,540 351,625 (9,916) 97.3%
MAR 665,198 645,178 (20,020) 97.0%
APR 863,474 790,250 (73,225) 91.5%
MAY 1,038,834 944,524 (94,310) 90.9%
JUN 1,218,879 1,131,241 (87,638) 92.8%
JUL 1,448,800 -
AUG 1,655,741 -
SEPT 1,860,069 -
OCT 2,023,689 -
NOV 2,241,078 -
DEC 2,498,213 -
2,309,892
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 72,934$ 100,769$ 27,834 138.2%
FEB 172,344 192,358 20,014 111.6%
MAR 266,831 292,884 26,053 109.8%
APR 354,970 395,022 40,052 111.3%
MAY 425,713 473,859 48,146 111.3%
JUN 497,570 588,015 90,445 118.2%
JUL 594,135 -
AUG 660,724 -
SEPT 760,325 -
OCT 879,129 -
NOV 969,527 -
DEC 1,140,884 -
Finance Department
Executive Department
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
Series1
Series2
Series3
Executive Expenditures
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Series1
Series2
Finance Expenditures
Item 2.2
Packet pg. 46/148
City of Mukilteo General Fund Monthly Expenditure Summary
General Fund - 011
Exhibit 4
1,177,273.00
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 756,545$ 995,101$ 238,555 131.5%
FEB 898,324 1,100,804 202,481 122.5%
MAR 1,197,564 1,588,422 390,858 132.6%
APR 1,253,769 1,676,476 422,707 133.7%
MAY 1,315,832 1,747,252 431,420 132.8%
JUN 1,619,171 2,222,181 603,010 137.2%
JUL 1,640,239 -
AUG 1,642,372 -
SEPT 2,039,211 -
OCT 2,115,593 -
NOV 2,180,541 -
DEC 4,774,693 -
4,218,603.00
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 512,431$ 506,925$ (5,506) 98.9%
FEB 1,036,574 1,027,356 (9,218) 99.1%
MAR 1,536,371 1,563,581 27,210 101.8%
APR 2,028,396 2,029,494 1,098 100.1%
MAY 2,563,094 2,555,709 (7,385) 99.7%
JUN 3,075,322 3,072,112 (3,209) 99.9%
JUL 3,620,969 -
AUG 4,131,767 -
SEPT 4,660,658 -
OCT 5,195,789 -
NOV 5,729,956 -
DEC 6,337,917 -
Non-Departmental
Police Department
Series2
Series3
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
Series1
Series2
Series3
Non-Departmental (OGS) Expenditures
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
Series1
Series2
Police Expenditures
Item 2.2
Packet pg. 47/148
City of Mukilteo General Fund Monthly Expenditure Summary
General Fund - 011
Exhibit 4
6,632,937
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 84,659$ 101,769$ 17,110 120.2%
FEB 155,436 192,267 36,831 123.7%
MAR 231,141 267,511 36,370 115.7%
APR 300,705 337,194 36,488 112.1%
MAY 396,453 414,262 17,809 104.5%
JUN 475,934 488,684 12,750 102.7%
JUL 545,434 -
AUG 619,254 -
SEPT 706,592 -
OCT 778,739 -
NOV 854,457 -
DEC 915,737 -
972,176
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 139,497$ 118,976$ (20,521) 85.3%
FEB 285,871 236,302 (49,569) 82.7%
MAR 420,300 357,775 (62,525) 85.1%
APR 553,714 477,681 (76,033) 86.3%
MAY 694,389 587,785 (106,604) 84.6%
JUN 833,371 716,142 (117,228) 85.9%
JUL 967,200 -
AUG 1,105,108 -
SEPT 1,242,000 -
OCT 1,377,127 -
NOV 1,512,027 -
DEC 1,661,130 -
Fire Department (General Fund Only)
Planning & Community Development Department
Series2
Series3
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
Series1
Series2
Series3
Fire Department Expenditures(non-EMS)
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
Series1
Planning & Community Dev.Expenditures
Item 2.2
Packet pg. 48/148
City of Mukilteo General Fund Monthly Expenditure Summary
General Fund - 011
Exhibit 4
1,808,954.00
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 74,275$ 64,967$ (9,308) 87.5%
FEB 159,972 142,669 (17,302) 89.2%
MAR 261,818 225,531 (36,287) 86.1%
APR 334,036 286,426 (47,610) 85.7%
MAY 449,164 351,035 (98,129) 78.2%
JUN 522,550 440,334 (82,216) 84.3%
JUL 619,925 -
AUG 739,775 -
SEPT 809,898 -
OCT 901,165 -
NOV 966,915 -
DEC 1,061,875 -
937,970.00
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 92,057$ 89,782$ (2,276) 97.5%
FEB 189,387 176,248 (13,139) 93.1%
MAR 289,837 271,816 (18,021) 93.8%
APR 383,753 368,393 (15,360) 96.0%
MAY 478,543 459,621 (18,921) 96.0%
JUN 566,987 550,220 (16,766) 97.0%
JUL 657,307 -
AUG 788,813 -
SEPT 879,370 -
OCT 997,437 -
NOV 1,091,252 -
Recreation & Culture
Public Works Department (General Fund Only)
Series1
Series2
Series3
0
200,000
400,000
600,000
800,000
1,000,000
Series1
Series2
Series3
PublicWorks Expenditures
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
Recreation & Culture Fund Expenditures
Item 2.2
Packet pg. 49/148
City of Mukilteo General Fund Monthly Expenditure Summary
General Fund - 011
Exhibit 4
DEC 1,225,438 -
1,187,507.00
0Series1
Series2
Series3
Item 2.2
Packet pg. 50/148
City of Mukilteo Monthly General Fund Revenue Summary
General Fund - 011
Exhibit 3
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 42,461$ 891,958$ 849,497 2100.7%
FEB 1,256,777 2,059,587 802,810 163.9%
MAR 2,931,530 3,352,309 420,778 114.4%
APR 6,419,904 4,557,341 (1,862,563) 71.0%
MAY 8,188,011 8,544,493 356,482 104.4%
JUN 9,314,636 9,660,145 345,509 103.7%
JUL 10,370,073
AUG 11,603,445 -
SEPT 12,840,558 -
OCT 16,340,245 -
NOV 17,415,924 -
DEC 20,614,030 -
18,105,675.00
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 441,927$ 574,810$ 132,883 130.1%
FEB 976,714 1,309,733 333,019 134.1%
MAR 1,766,465 1,990,264 223,800 112.7%
APR 4,386,186 2,847,588 (1,538,598) 64.9%
MAY 5,408,805 6,376,724 967,919 117.9%
JUN 6,046,445 7,053,702 1,007,257 116.7%
JUL 6,680,601 -
AUG 7,309,004 -
SEPT 8,034,343 -
OCT 10,832,587 -
NOV 11,551,463 -
DEC 12,533,400 -
0
13,051,119.00
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 179,823$ 147,884$ (31,939) 82.2%
Licenses & Permits
Total General Fund Revenue
All Taxes
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
Total General Fund RevenueS
Series1
Series2
Series3
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Series1
Series2
Total Tax Revenue
1,800,000
2,000,000
Licenses & Permits Revenue
Item 2.2
Packet pg. 51/148
City of Mukilteo Monthly General Fund Revenue Summary
General Fund - 011
Exhibit 3
FEB 331,894 414,927 83,033 125.0%
MAR 692,671 697,748 5,077 100.7%
APR 856,680 790,291 (66,389) 92.3%
MAY 991,051 977,340 (13,711) 98.6%
JUN 1,186,373 1,158,891 (27,482) 97.7%
JUL 1,403,637 -
AUG 1,403,637 -
SEPT 1,907,591 -
OCT 2,056,214 -
NOV 2,184,115 -
DEC 2,358,888 -
2,139,969
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 19,716$ 4,278$ (15,438) -78.3%
FEB 23,838 5,737 (18,101) -75.9%
MAR 276,040 60,004 (216,035) -78.3%
APR 398,875 136,107 (262,768) -65.9%
MAY 1,184,817 270,535 (914,282) -77.2%
JUN 1,285,875 312,442 (973,433) -75.7%
JUL 1,386,236 -
AUG 1,787,996 -
SEPT 1,892,676 -
OCT 1,993,336 -
NOV 1,995,297 -
DEC 2,429,906 -
1,201,440
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 90,100$ 37,009$ (53,092) 41.1%
FEB 143,327 91,141 (52,186) 63.6%
MAR 224,655 183,290 (41,365) 81.6%
Intergovernmental Revenue
Charges for Services
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
Series1Series2
Series3
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
Series1
Series2
Series3
Intergovernmental Revenue
800 000
1,000,000
1,200,000
Charges for Services
Item 2.2
Packet pg. 52/148
City of Mukilteo Monthly General Fund Revenue Summary
General Fund - 011
Exhibit 3
APR 279,287 278,655 (632) 99.8%
MAY 341,887 344,638 2,751 100.8%
JUN 390,634 478,153 87,519 122.4%
JUL 445,295 -
AUG 502,242 -
SEPT 549,848 -
OCT 693,678 -
NOV 737,962 -
DEC 965,679 -
711,915
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 11,685$ 8,844$ (2,841) 75.7%
FEB 26,017 21,560 (4,457) 82.9%
MAR 41,689 38,292 (3,397) 91.9%
APR 53,734 55,617 1,883 103.5%
MAY 65,136 59,077 (6,059) 90.7%
JUN 79,622 74,463 (5,159) 93.5%
JUL 94,335 -
AUG 105,244 -
SEPT 116,240 -
OCT 127,114 -
NOV 136,281 -
DEC 145,983 -
170,902
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 4,000 119,134$ 115,134 2978.3%
FEB 85,560 216,489 130,930 253.0%
MAR 352,674 382,710 30,037 108.5%
APR 421,411 449,084 27,673 106.6%
MAY 504,148 516,178 12,031 102.4%
JUN 726,944 582,494 (144,450) 80.1%
Fines & Penalties
Miscellaneous Revenue
0
200,000
400,000
600,000
800,000
Series1Series2Series3
1,000,000
1,500,000
2,000,000
2,500,000
Miscellaneous Revenue including Recreation Rentals
0
50,000
100,000
150,000
200,000
Series1
Series2Series3
Fines & Penalties Revenue
Item 2.2
Packet pg. 53/148
City of Mukilteo Monthly General Fund Revenue Summary
General Fund - 011
Exhibit 3
JUL 860,250 -
AUG 956,572 -
SEPT 1,113,786 -
OCT 1,181,861 -
NOV 1,222,041 -
DEC 1,972,441 -
830,330
Budget Actual
Variance
Over/(Under)
%
Over/(Under)
JAN 274,407 272,119$ (2,288) 99.2%
FEB 540,295 546,243 5,948 101.1%
MAR 848,932 866,318 17,386 102.0%
APR 1,126,883 1,163,933 37,050 103.3%
MAY 1,424,490 1,515,826 91,335 106.4%
JUN 1,755,811 1,860,326 104,516 106.0%
JUL 2,079,670 -
AUG 2,404,893 -
SEPT 2,706,376 -
OCT 3,020,803 -
NOV 3,308,013 -
DEC 3,664,576 -
3,702,462
Sales Tax
-500,000
0
500,000
Series1
Series2
Series3
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
Series1
Series2
Series3
SalesTax
Item 2.2
Packet pg. 54/148
100%
2025-B A to B 2025 25 vs 24 2024 24 v 23 2023
90% ++/- 10%+/- 10%
Property $ 6,061,207 58.5%3,546,193 110.0%3,224,451 103.3%3,122,888
Sales 3,702,462 50.2%1,860,440 106.0%1,754,643 102.8%1,706,644
Utility 2,568,602 42.7%1,096,503 90.9%1,206,929 102.4%1,179,124
Other 718,848 76.6%550,680 115.7%475,761 97.3%488,975
SubTotal 13,051,119$ 54.0%7,053,816 105.9%6,661,784 102.5%6,497,632
Business Licenses 458,752 49.8%228,414 86.4%264,319 107.0%246,963
Franchise Fees 1,338,976 56.3%753,952 109.0%691,491 131.1%527,253
Comm Dev Permits 325,364 53.6%174,298 110.2%158,115 114.4%138,253
Other 16,877 13.2%2,227 89.0%2,501 89.1%2,808
SubTotal 2,139,969 54.2%1,158,891 103.8%1,116,426 122.0%915,277
PUD Privilege 130,048 101.7%132,271 106.7%123,993 100.6%123,296
Liquor Excise/Profit 320,512 33.8%108,447 90.1%120,424 98.4%122,425
Other 750,880 9.6%71,724 17.3%415,035 248.2%167,241
SubTotal 1,201,440 26.0%312,442 47.4%659,452 159.7%412,962
Overhead 158,100 50.0%79,050 103.3%76,500 102.0%75,000
Muk School 140,424 58.4%82,046 107.3%76,436 103.0%74,209
Engineering Services 39,936 58.3%23,285 135.5%17,180 125.9%13,650
Other 373,455 78.7%293,772 135.4%216,929 142.2%152,552
SubTotal 711,915 67.2%478,153 123.5%387,045 122.7%315,411
Parking 41,984 39.3%16,515 136.3%12,118 39.0%31,041
Traffic 119,808 40.6%48,669 70.3%69,277 90.9%76,202
Other 9,110 101.9%9,279 132.8%6,985 142.1%4,914
SubTotal 170,902 43.6%74,463 84.3%88,379 78.8%112,157
Comm Center Rent 535,000 67.1%359,180 113.1%317,599 104.3%304,376
Interest 196,608 71.4%140,302 123.2%113,927 100.3%113,548
"Other Misc"5,000 28.5%1,425 55.7%2558 721.0%355
Other 93,722 87.1%81,586 23.0%354,313 671.0%52,803
SubTotal 830,330 70.2%582,493 73.9%788,396 167.4%471,081
0 #DIV/0!0 0.0%45,000 229.0%19,650
Charges / Services
Fine / Penalties
Misc
Transfer-In / Other
REVISED Exhibit 2a
Licenses
InterGovernmental
City of Mukilteo General Fund Revenue
FY2025, 24 & 23 Q2YTD
Taxes
Item 2.2
Packet pg. 55/148
$ 18,105,675 53.4%$ 9,660,258 99.1%$ 9,746,483 111.5%$ 8,744,171
Rosehill Community Center Revenues
Comm Center Rental Fees 535,000 67.1%359,180 113.1%317,599 104.3%304,376
Recreation Program Fees 150,000 70.8%106,165 103.5%102,579 216.9%47,283
Recreation Playland Fees 0 #DIV/0!1,993 0.0%#DIV/0!
Special Events Permits 800 90.6%725 0.0%375 550
Alcohol Use Fees 18,500 72.8%13,460 107.3%12,549 92.9%13,515
Upper Lawn & Outdoor Plaza Rent 12,000 59.0%7,082 56.9%12,442 177.7%7,000
Weight Room Fees 7,500 86.1%6,458 117.0%5,519 163.1%3,383
Light Station Wedding Rental Fees 1,000 373.8%3,738 276.9%1,350 225.0%600
Picninc Shelter Rental Fees 23,000 101.3%23,297 115.9%20,094 104.3%19,265
Contributions - Private Source 0 #DIV/0!2,500 #DIV/0!#DIV/0!
Donations - Recreation 0 #DIV/0!250 12.0%2,080 #DIV/0!
WCIA Contributions 2,142 0.0%#DIV/0!#DIV/0!
Theater Technician Fees 800 0.0%0 0.0%490 -140.0%-350
Artwork Administration Fees 400 -20.3%(81)#DIV/0!0 0.0%974
Park Use Fee - Japanese Gulch Park 7,250 12.8%925 #DIV/0!#DIV/0!
Other Charges for Services 0 #DIV/0!230 383.3%60 60.0%100
SubTotal 758,392 69.3%525,922 110.7%475,136 119.8%396,696
TOTAL GF REVENUES
Item 2.2
Packet pg. 56/148
Exhibit 2b
100%2025-B A to B 2025 25 v 24 2024 24 v 23 2023
10% ++/- 10%
Council
Salaries $ 63,900 37.9%24,212 113.7%$ 21,300 100.0%$ 21,300
Benefits 3,767 54.4%2,048 114.5%1,789 101.0%1,772
Supplies 1220 28.7%350 56.3%622 64.1%969
Svcs / Chgs 18,545 27.7%5,137 35.3%14,544 91.4%15,910
SubTotal 87,432 36.3%31,747.68 83.0%38,255 95.8%39,951
Executive
Salaries 897,950 50.3%451,263 115.5%390,766 107.8%362,434
Benefits 288,739 59.8%172,557 118.1%146,103 109.9%132,920
Supplies 25,000 4.9%1,233 11.4%10,822 153.1%7,069
Svcs / Chgs 1,098,203 46.1%506,188 91.7%551,902 169.2%326,125
SubTotal 2,309,892 49.0%1,131,241 102.9%1,099,593 132.7%828,549
Finance
Salaries 575,128 46.8%269,036 106.4%252,912 139.6%181,120
Benefits 214,046 46.5%99,457 93.4%106,468 149.6%71,165
Supplies 2,000 39.8%796 77.5%1,028 114.6%896
Svcs / Chgs 386,099 56.7%218,726 166.9%131,087 37.5%349,866
SubTotal 1,177,273 49.9%588,015 119.6%491,494 81.5%603,048
Police
Salaries 4,531,701 46.2%2,093,234 104.4%2,005,938 100.4%1,996,996
Benefits 1,516,300 51.5%781,520 106.5%733,806 102.9%713,418
Supplies 131,988 50.7%66,916 113.4%58,997 70.2%84,022
Svcs / Chgs 452,948 28.8%130,442 87.6%148,881 77.9%191,047
SubTotal 6,632,937 46.3%3,072,112 104.2%2,947,622 98.7%2,985,483
Fire
Salaries 574,074 50.5%289,880 110.6%262,015 111.2%235,545
Benefits 154,798 63.3%97,920 119.8%81,730 116.9%69,943
Supplies 114,249 28.5%32,553 81.0%40,165 105.1%38,229
Svcs / Chgs 129,055 52.9%68,331 112.6%60,693 111.0%54,664
SubTotal 972,176 50.3%488,684 109.9%444,604 111.6%398,382
Comm
Salaries 981,818 49.4%484,909 104.2%465,456 149.1%312,089
Benefits 400,444 46.6%186,746 95.2%196,235 144.1%136,144
Supplies 11,003 16.6%1,826 53.3%3,425 61.0%5,617
Svcs / Chgs 415,689 10.3%42,661 153.3%27,824 71.2%39,057
SubTotal 1,808,954 39.6%716,142 103.3%692,940 140.6%492,907
Public Works
Salaries 509,402 43.7%222,433 84.3%263,914 106.5%247,752
Benefits 192,034 51.7%99,265 100.4%98,839 98.6%100,212
Supplies 54,020 58.2%31,460 72.9%43,176 59.0%73,208
Svcs / Chgs 182,514 47.8%87,176 80.7%107,977 98.0%110,169
SubTotal 937,970 46.9%440,334 85.7%513,906 96.7%531,340
Recreation
Salaries 670,960 45.9%308,082 101.2%304,415 109.1%279,035
Benefits 244,173 52.5%128,142 105.3%121,673 107.1%113,634
Supplies 38,472 38.9%14,962 205.3%7,290 149.1%4,889
Svcs / Chgs 233,902 42.3%99,034 114.4%86,581 124.9%69,314
SubTotal 1,187,507 46.3%550,220 105.8%519,958 111.4%466,872
Other Gov't
Benefits 79,431 34.3%27,227 322.7%8,438 24.5%34,427
Supplies 10,851 48.0%5,213 89.4%5,834 150.6%3,874
Svcs / Chgs 2,654,788 54.7%1,452,974 114.8%1,265,179 101.2%1,250,013
Cap Assets 74,236 0.0%#DIV/0!0 #DIV/0!0
SubTotal 2,745,070 54.1%1,485,414 116.1%1,279,451 99.3%1,288,313
Transfer-Out / 1,473,533 50.0%736,767 70.2%1,049,345 106.1%988,819
$ 19,332,744 47.8%$ 9,240,678 101.8%$ 9,077,168 105.3%$ 8,623,664
$ - $ - --
General Fund Expenditure Analysis
FY2025, 24 & 23 Q2YTD
City of Mukilteo
TOTAL GF EXPEND
Item 2.2
Packet pg. 57/148
Exhibit 2b
100%2025-B A to B 2025 25 v 24 2024 24 v 23 2023
10% ++/- 10%
Council
Salaries $ 63,900 37.9%24,212 113.7%$ 21,300 100.0%$ 21,300
Benefits 3,767 54.4%2,048 114.5%1,789 101.0%1,772
Supplies 1220 28.7%350 56.3%622 64.1%969
Svcs / Chgs 18,545 27.7%5,137 35.3%14,544 91.4%15,910
SubTotal 87,432 36.3%31,747.68 83.0%38,255 95.8%39,951
Executive
Salaries 897,950 50.3%451,263 115.5%390,766 107.8%362,434
Benefits 288,739 59.8%172,557 118.1%146,103 109.9%132,920
Supplies 25,000 4.9%1,233 11.4%10,822 153.1%7,069
Svcs / Chgs 1,098,203 46.1%506,188 91.7%551,902 169.2%326,125
SubTotal 2,309,892 49.0%1,131,241 102.9%1,099,593 132.7%828,549
Finance
Salaries 575,128 46.8%269,036 106.4%252,912 139.6%181,120
Benefits 214,046 46.5%99,457 93.4%106,468 149.6%71,165
Supplies 2,000 39.8%796 77.5%1,028 114.6%896
Svcs / Chgs 386,099 56.7%218,726 166.9%131,087 37.5%349,866
SubTotal 1,177,273 49.9%588,015 119.6%491,494 81.5%603,048
Police
Salaries 4,531,701 46.2%2,093,234 104.4%2,005,938 100.4%1,996,996
Benefits 1,516,300 51.5%781,520 106.5%733,806 102.9%713,418
Supplies 131,988 50.7%66,916 113.4%58,997 70.2%84,022
Svcs / Chgs 452,948 28.8%130,442 87.6%148,881 77.9%191,047
SubTotal 6,632,937 46.3%3,072,112 104.2%2,947,622 98.7%2,985,483
Fire
Salaries 574,074 50.5%289,880 110.6%262,015 111.2%235,545
Benefits 154,798 63.3%97,920 119.8%81,730 116.9%69,943
Supplies 114,249 28.5%32,553 81.0%40,165 105.1%38,229
Svcs / Chgs 129,055 52.9%68,331 112.6%60,693 111.0%54,664
SubTotal 972,176 50.3%488,684 109.9%444,604 111.6%398,382
Comm
Salaries 981,818 49.4%484,909 104.2%465,456 149.1%312,089
Benefits 400,444 46.6%186,746 95.2%196,235 144.1%136,144
Supplies 11,003 16.6%1,826 53.3%3,425 61.0%5,617
Svcs / Chgs 415,689 10.3%42,661 153.3%27,824 71.2%39,057
SubTotal 1,808,954 39.6%716,142 103.3%692,940 140.6%492,907
Public Works
Salaries 509,402 43.7%222,433 84.3%263,914 106.5%247,752
Benefits 192,034 51.7%99,265 100.4%98,839 98.6%100,212
Supplies 54,020 58.2%31,460 72.9%43,176 59.0%73,208
Svcs / Chgs 182,514 47.8%87,176 80.7%107,977 98.0%110,169
SubTotal 937,970 46.9%440,334 85.7%513,906 96.7%531,340
Recreation
Salaries 670,960 45.9%308,082 101.2%304,415 109.1%279,035
Benefits 244,173 52.5%128,142 105.3%121,673 107.1%113,634
Supplies 38,472 38.9%14,962 205.3%7,290 149.1%4,889
Svcs / Chgs 233,902 42.3%99,034 114.4%86,581 124.9%69,314
SubTotal 1,187,507 46.3%550,220 105.8%519,958 111.4%466,872
Other Gov't
Benefits 79,431 34.3%27,227 322.7%8,438 24.5%34,427
Supplies 10,851 48.0%5,213 89.4%5,834 150.6%3,874
Svcs / Chgs 2,654,788 54.7%1,452,974 114.8%1,265,179 101.2%1,250,013
Cap Assets 74,236 0.0%#DIV/0!0 #DIV/0!0
SubTotal 2,745,070 54.1%1,485,414 116.1%1,279,451 99.3%1,288,313
Transfer-Out / 1,473,533 50.0%736,767 70.2%1,049,345 106.1%988,819
$ 19,332,744 47.8%$ 9,240,678 101.8%$ 9,077,168 105.3%$ 8,623,664
$ - $ - --
General Fund Expenditure Analysis
FY2025, 24 & 23 Q2YTD
City of Mukilteo
TOTAL GF EXPEND
Item 2.2
Packet pg. 58/148
Fund
Unaudited 2024 EFB
Beginning
Fund Balance
Revenue &
Transfer-in
2025 Budget
Rev & Trans
as of
06/30/2025 % Rec'd
Expenditures &
Transfer-out
2025 Budget
Exp & Transfer
as of
06/30/2025 % Spent
2025 Q2
Ending Fund
Balance
General $7,487,613 $18,105,675 9,660,258$ 53.4%$19,332,744 9,240,678$ 47.8%7,907,193$
City Reserve Fund 1,075,100 26,202 0 0.0%10 7 70.0%1,075,093$
American Rescue Plan 2,618,465 45,000 25,472 56.6%2,752,928 1,755,943 63.8%887,994$
Transportation Benefit District 612,484 460,595 136,777 29.7%919,282 459,641 50.0%289,620$
Drug Enforcement 21,466 5,348 14,022 262.2%16,000 437 2.7%35,051$
Waterfront Parking 250,486 707,089 199,692 28.2%633,090 251,732 39.8%198,446$
Street (749)1,074,610 474,165 44.1%1,038,173 507,882 48.9%(34,466)$
Hotel/Motel Lodging Tax 283,392 225,750 66,357 29.4%244,111 10,046 4.1%339,703$
Emergency Medical Services (248,564)3,241,833 1,248,997 38.5%3,241,294 1,448,692 44.7%(448,259)$
Public Safety 0 1,500,000 2,115 0.1%478,150 1,437 0.3%678$
Debt Service 13,422 884,048 439,512 49.7%878160 49,073 5.6%403,861$
Capital Projects Fund 2,528,822 4,394,288 1,940,945 44.2%3,570,025 554,983 15.5%3,914,784$
Park Acquisition & Development 506,827 635,309 29,868 4.7%115880 77,718 67.1%458,977$
Transportation Impact Fee 550,714 132,352 144,878 109.5%4 3 75.0%695,589$
Real Estate Excise Tax I 2,473,587 570,000 372,333 65.3%879,000 439,519 50.0%2,406,401$
Real Estate Excise Tax II 1,388,644 555,464 372,002 67.0%1,523,530 761,777 50.0%998,869$
Surface Water Management 7,461,810 8,769,062 3,012,191 34.4%9,127,607 2,102,142 23.0%8,371,859$
Surface Water Reserve 319,130 6,834 276 4.0%6 2 33.3%319,404$
Technology Replacement 31,414 61,441 29,419 47.9%50,000 34,287 68.6%26,546$
Equipment Replacement & Reserve 993,693 338,912 172,830 51.0%320,000 6,019
1.9%
1,160,504$
Facilities Maintenance 202,076 984,122 491,806 50.0%797,644 418,376 52.5%275,506$
Facility Renewal 1,203,369 9,690 721 7.4%270,000 40,287 14.9%1,163,803$
29,773,199$ 42,733,624$ 18,834,636$ 44.1%46,187,638$ 18,160,681$ 39.3%30,447,155$
All Funds Summary, FY 2025 2nd Qtr
Exhibit 1
Item 2.2
Packet pg. 59/148
All Funds Detail
City of Mukilteo
%
General Fund - 011
2025
Budget
YTD as of
6/30/2025
Taxes $ 13,051,119 $ 7,053,816 54.0%
Licenses and permits 2,139,969 1,158,891 54.2%
Integovernmental revenue 1,201,440 312,442 26.0%
Charges for goods and services 711,915 478,153 67.2%
Fines and penalties 170,902 74,463 43.6%
Miscellaneous revenue 830,330 582,493 70.2%
Transfers-in 0 0 0.0%
Total revenue & transfers-in $ 18,105,675 $ 9,660,258 53.4%
Salaries and wages $ 8,804,933 $ 4,143,049 47.1%
Benefits 3,093,732 1,594,883 51.6%
Supplies 388,803 155,310 39.9%
Other services and charges 5,571,743 2,610,669 46.9%
Transfers-out 1,473,533 736,767 50.0%
Total expenditures & transfers-out $ 19,332,744 $ 9,240,678 47.8%
Revenue Over/(Under) Expend $ (1,227,069) $ 419,580
Recreation (within General Fund)
2025
Budget
YTD as of
6/30/2025
Licenses and permits $ 800 $ 725 90.6%
Integovernmental revenue 67,350 0 0.0%
Charges for goods and services 176,950 115,678 65.4%
Miscellaneous revenue 580,642 402,505 69.3%
Total revenue & transfers-in $ 825,742 $ 518,908 62.8%
Salaries and wages $ 670,960 $ 308,082 45.9%
Benefits 244,173 128,142 52.5%
Supplies 38,472 14,962 38.9%
Other services and charges 233,902 173,270 74.1%
Total expenditures & transfers-out $ 1,187,507 $ 624,456 52.6%
Revenue Over/(Under) Expend $ (361,765) $ (105,548)
%Comments
American Rescue Plan - 021
2025
Budget
YTD as of
6/30/2025
Integovernmental revenue 0 0
Investment Interest $ 45,000 $ 25,472 56.6%
Total revenue & transfer-in $ 45,000 $ 25,472 56.6%
Salaries and wages $ 2,181,520 $ 1,439,996 66.0%
Benefits 0 37,176
Supplies 0 (39,530)
Other services and charges 50,000 22,156 44.3%
Transfers-out 0 0
Capital outlay 521,408 296,145 56.8%
Total expenditures & transfers-out $ 2,752,928 $ 1,755,943 63.8%
Revenue Over/(Under) Expend (2,707,928)$ (1,730,471)$ 63.9%
Transportation Benefit District - 101
2025
Budget
YTD as of
6/30/2025
Taxes 445,747$ 136,497$ 30.6%
Miscellaneous revenue 14,848 280 1.9%
Total revenue & transfers-in 460,595$ 136,777$ 29.7%
Investment Fee 0 5
General Fund Detail Comments
Special Revenue Funds
Exhibit 1A
Item 2.2
Packet pg. 60/148
Transfers-out 919,282$ 459,641$ 50.0%
Total expenditures & transfers-out 919,282$ 459,641$ 50.0%
Drug Enforcement - 104
2025
Budget
YTD as of
6/30/2025
Miscellaneous revenue 5,348$ 14,022$ 262.2%Drug Seizure funds
Total revenue & transfers-in 5,348$ 14,022$ 262.2%
Salaries and wages $ 6,000 $ 372 6.2%
Supplies 10,000 65 0.7%
Other services and charges
Total expenditures & transfers-out $ 16,000 $ 437 2.7%
Waterfront Parking - 105
2025
Budget
YTD as of
6/30/2025
Intergovernmental Revenues -$ 647$ #DIV/0!
Miscellaneous revenue 707,089$ 199,045$ 28.1%
Transfers-in 0 0.0%
Total revenue & transfers-in 707,089$ 199,692$ 28.2%
Salaries and wages $ 291,560 $ 94,480 32.4%
Benefits 140,561 41,420 29.5%
Supplies 38,908 20,522 52.7%
Other services and charges 162,061 95,311 58.8%
Transfer Out 0 0 0.0%
Total expenditures & transfers-out $ 633,090 $ 251,732 39.8%
Revenue Over/(Under) Expend 73,999$ (52,040)$
Streets - 111
2025
Budget
YTD as of
6/30/2025
Taxes $ 45,390 $ 22,164 48.8%
Integovernmental revenue 385,560 134,251 34.8%
Charges for goods and services 8,160 0 0.0%
Transfers-in 635,500 317,750 50.0%
Total revenue & transfers-in $ 1,074,610 $ 474,165 44.1%
Salaries and wages $ 411,493 $ 235,706 57.3%
Benefits 217,928 115,789 53.1%
Supplies 119,300 24,495 20.5%
Other services and charges 289,452 131,892 45.6%
Transfers-out 0.0%
Total expenditures & transfers-out $ 1,038,173 $ 507,882 48.9%
Revenue Over/(Under) Expend $ 36,437 $ (33,718)
Hotel - Motel Tax - 116
2025
Budget
YTD as of
6/30/2025
Taxes $ 220,000 $ 68,304 31.0%
Miscellaneous revenue 5,750 (1,947)-33.9%
Transfers-in 0 0.0%
Total revenue & transfers-in $ 225,750 $ 66,357 29.4%
Other services and charges 244,111 10,046 4.1%
Transfers-out 0 0.0%
Total expenditures & transfers-out $ 244,111 $ 10,046 4.1%
Revenue Over/(Under) Expend $ (18,361) $ 56,310
Emergency Medical Services - 126
2025
Budget
YTD as of
6/30/2025
Taxes $ 2,075,033 $ 1,109,587 53.5%
Integovernmental revenue 450,000 2,645 0.6%
Charges for goods and services 716,800 135,335 18.9%
Item 2.2
Packet pg. 61/148
Miscellaneous revenue 0 1,430 0.0%
Transfers-in
Total revenue & transfers-in $ 3,241,833 $ 1,248,997 38.5%
Salaries and wages $ 2,033,524 $ 695,451 34.2%
Benefits 928,137 657,114 70.8%
Supplies 109,334 29,675 27.1%
Other services and charges 170,299 66,452 39.0%
Transfers-out 0 0.0%
Total expenditures & transfers-out $ 3,241,294 $ 1,448,692 44.7%
Revenue Over/(Under) Expend $ 539 $ (199,696)
Public Safety - 130
2025
Budget
YTD as of
6/30/2025
Miscellaneous revenue 1,500,000 2,115 0.0%
Transfers-in 0 0
Total revenue & transfers-in $ 1,500,000 $ 2,115 0.1%
Salaries and wages $ 116,166 $ - 0.0%
Benefits 26,583 0 0.0%
Supplies 0 1,439 #DIV/0!
Other services and charges 335,400 0.0%
Transfers-out 0 0.0%
Total expenditures & transfers-out $ 478,150 $ 1,439 0.3%
Revenue Over/(Under) Expend $ 1,021,850 $ 676
Debt Service Fund - 275
2025
Budget
YTD as of
6/30/2025
Miscellaneous revenue 5,048 12 0.0%
Transfers-in 879,000 439,500 50.0%
Total revenue & transfers-in $ 884,048 $ 439,512 49.7%
Principal $ 780,000 0.0%
Interest 98,160 49,073 50.0%
Administration Fee 0 #DIV/0!
Total expenditures & transfers-out $ 878,160 $ 49,073 5.6%
Revenue Over/(Under) Expend $ 5,888 $ 390,439
%Comments
Capital Projects - 301
2025
Budget
YTD as of
6/30/2025
Integovernmental revenue 1,125,560 361,599 32.1%
Miscellaneous revenue 12,186 0.0%
Transfers-in 3,158,692 1,579,346 50.0%
Total revenue & transfers-in $ 4,296,438 $ 1,940,945 45.2%
Salaries and wages $ 82,490 $ 48,556 58.9%
Benefits 44,723 18,402 41.1%
Supplies 100,000 8,808 0.0%
Other services and charges 1,604,282 24,281 0.0%
Capital Outlay 1,738,530 454,935 26.2%
Transfers-out 0 0 0.0%
Total expenditures & transfers-out $ 3,570,025 $ 554,983 15.5%
Revenue Over/(Under) Expend $ 726,413 $ 1,385,962
Park Acquisition & Development - 322
2025
Budget
YTD as of
6/30/2025
Integovernmental revenue 620,021 0 0.0%New grant
Charges for goods and services 10,240 29,868 291.7%
Miscellaneous revenue 5,048 0 0.0%
Transfers-in 0 0 0.0%
Insurance Recovery 0 0 0.0%
Capital Projects Funds
Item 2.2
Packet pg. 62/148
Total revenue & transfers-in $ 635,309 $ 29,868 4.7%
Other services and charges 0 745 0.0%
Capital Outlay 0 19,033 0.0%
Transfers-out 115,880 57,940 50.0%
Total expenditures & transfers-out $ 115,880 $ 77,718 0.0%
Revenue Over/(Under) Expend $ 519,429 $ (47,850)
Transportation Impact Fee - 323
2025
Budget
YTD as of
6/30/2025
Charges for goods and services 128,000 144,603 113.0%
Miscellaneous revenue 4,352 275 6.3%
Transfers-in 0 0.0%
Insurance Recovery 0 0.0%
Total revenue & transfers-in $ 132,352 $ 144,878 109.5%
Other services and charges 4 3 0.0%
Transfers-out 0 0.0%
Total expenditures & transfers-out $ 4 $ 3 0.0%
Revenue Over/(Under) Expend $ 132,348 $ 144,875
Real Estate Excise Tax I - 331
2025
Budget
YTD as of
6/30/2025
Taxes 525,000 370,864 70.6%
Miscellaneous revenue 45,000 1,469 3.3%
Transfers-in 0 0 0.0%
Total revenue & transfers-in $ 570,000 $ 372,333 65.3%
Other services and charges 0 19 0.0%
Transfers-out 879,000 439,500 50.0%
Total expenditures & transfers-out $ 879,000 $ 439,519 50.0%
Revenue Over/(Under) Expend $ (309,000) $ (67,186)
Real Estate Excise Tax II - 332
2025
Budget
YTD as of
6/30/2025
Taxes 525,000 370,030 70.5%
Miscellaneous revenue 30,464 1,972 6.5%
Transfers-in 0 0.0%
Total revenue & transfers-in $ 555,464 $ 372,002 67.0%
Other services and charges 0 12 0.0%
Transfers-out 1,523,530 761,765 50.0%
Total expenditures & transfers-out $ 1,523,530 $ 761,777 50.0%
Revenue Over/(Under) Expend $ (968,066) $ (389,775)
%Comments
Surface Water Fund - 440
2025
Budget
YTD as of
6/30/2025
Integovernmental revenue 2,536,988 4,401 0.2%
Charges for goods and services 6,434,765 3,003,304 46.7%
Miscellaneous revenue 185,675 4,486 2.4%
Transfers-in 0 0 0.0%
Total revenue & transfers-in $ 9,157,428 $ 3,012,191 32.9%
Salaries and wages $ 1,822,323 $ 799,986 43.9%
Benefits 892,770 338,073 37.9%
Supplies 98,774 120,869 122.4%
Other services and charges 2,508,445 536,931 21.4%
Capital Outlay 3,705,295 306,284 8.3%
Transfers-out 100,000 0.0%
Total expenditures & transfers-out $ 9,127,607 $ 2,102,142 23.0%
Enterprise Fund
Item 2.2
Packet pg. 63/148
Revenue Over/(Under) Expend $ 29,821 $ 910,049
%Comments
Technology Replacement Reserve - 120
2025
Budget
YTD as of
6/30/2025
Miscellaneous revenue 23,408 10,402 44.4%
Transfers-in 38,033 19,017 50.0%
Total revenue & transfers-in $ 61,441 $ 29,419 47.9%
Supplies 50,000 30,339 60.7%
Other services and charges 3,949 0.0%
Total expenditures & transfers-out $ 50,000 $ 34,287 68.6%
Revenue Over/(Under) Expend $ 11,441 $ (4,869)
Equipment Replacement & Reserve - 510
2025
Budget
YTD as of
6/30/2025
Charges for goods and services 0 0 0.0%
Miscellaneous revenue 38,912 12,517 32.2%
Other Financing Sources 0 10,313 0.0%Sale of Capital Assets
Transfers-in 300,000 150,000 50.0%
Total revenue & transfers-in $ 338,912 $ 172,830 51.0%
Supplies 89,000 0 0.0%
Other services and charges 0 11 0.0%
Capital Outlay 231,000 6,008 2.6%
Total expenditures & transfers-out $ 320,000 $ 6,019 1.9%
Revenue Over/(Under) Expend $ 18,912 $ 166,811
Facilities Maintenance - 518
2025
Budget
YTD as of
6/30/2025
Charges for goods and services 983,612 491,806 50.0%
Miscellaneous revenue 510 0.0%
Total revenue & transfers-in $ 984,122 $ 491,806 50.0%
Salaries and wages $ 254,467 $ 95,211 37.4%
Benefits 130,959 49,447 37.8%
Supplies 43,424 26,655 61.4%
Other services and charges 368,794 247,062 67.0%
Transfers-out 0 0 0.0%
Total expenditures & transfers-out $ 797,644 $ 418,376 52.5%
Revenue Over/(Under) Expend $ 186,478 $ 73,430
Facility Renewal - 520
2025
Budget
YTD as of
6/30/2025
Integovernmental revenue 0 0 0.0%
Miscellaneous revenue 9,690 721 7.4%
Transfers-in 0 0 0.0%
Total revenue & transfers-in $ 9,690 $ 721 7.4%
Other centralized services 0 40,287 #DIV/0!
Services and pass-through payments 100,000 4
Capital Improvements 170,000 0 0.0%
Transfers-out 0 0 0.0%
Total expenditures & transfers-out $ 270,000 $ 40,291 14.9%
Revenue Over/(Under) Expend $ (260,310) $ (39,570)
Internal Service Fund
Item 2.2
Packet pg. 64/148
11930 Cyrus Way • Mukilteo, Washington 98275 • www.mukilteowa.gov
MEMO
Date: September 22, 2025
To: Mayor and City Council
From: Ana María d Núñez, CPA, Finance Director
CC: Steve Powers, City Administrator
RE: FY2025 Q2 Financial Report
Attached, for the City Council’s information and review, is the FY2025 Q2 Financial Update that
will be discussed at the September 22, 2025, work session. Finance Director Núñez will present
these materials to Council, provide greater detail, and answer questions.
SUMMARY:
There are no major surprises in the Q2 Financial Reports. They demonstrate that, in general, the
City of Mukilteo is on track. Overall revenues received are at 44% while expenditures are at 39%
of the FY2025 Adopted Budget. The Public Safety Fund was approved by the City Council by
Ordinance in February 2025; Automated Traffic Camera revenues, its primary revenue source,
were first received in June. The Q3 Financial Reports will reveal ongoing revenues being posted
to the fund. Legislative authority to accept and expend grant funds awarded to the City was
granted by the Council. Two (2) quarters of salary expense in the EMS Fund were transferred to
the ARPA fund as mandated by the FY2025 Adopted Budget. Additional ARPA expenditures
include computer software, Lighthouse artwork, and Fire Station design.
As has been previously advised to the City Council, revenues received from the State Treasurer’s
office are two (2) months in arrears. Thus, to receive accurate information, the quarterly financial
reports will most likely be presented to Council in the last month of the subsequent quarter.
A few caveats about the reports are as follows:
ALL FUNDS SUMMARY (EXHIBIT 1)
The quarterly results are compared to the annual budget. The 2025 Beginning Fund Balance is
clarified to be the Unaudited Ending Fund Balance from 2024. We are close to completion of the
FY2023 Financial Statement audit, updating information as required by the State Auditor’s Office
(SAO). As a result, FY2023 and FY2024 have been “re-rolled,” i.e., changes made have been
updated in Eden. These changes have caused changes to FY2024 and, subsequently, FY2025
Item 2.2
Packet pg. 65/148
11930 Cyrus Way • Mukilteo, Washington 98275 • www.mukilteowa.gov
Beginning Fund Balances have been updated. General Fund Beginning Fund Balance has
increased to $7,487,613 from $6,927,478. Additionally, fund balances for Surface Water
Management, Equipment Replacement and Reserve, and Facility Renewal are presented Net of
Capital Assets to represent the ‘spendable’ portion of the funds.
ALL FUNDS DETAIL (EXHIBIT 1A)
This report captures a high-level summary of each category of expenditure and revenues. It also
gives a snapshot of how revenues relate to expenditures within the same period. It should be
remembered that revenues and expenditures do not occur equally per period. Property tax
revenues, for instance, have the greatest distribution in April and October.
Revenues:
• Overall revenue for the General Fund in Q2 FY2025 is on track at 53.4%. Sales Taxes
collected are at 50% for Q2.
• The Drug Enforcement Fund has exceeded the revenue projection because of “Proceeds
from Forfeited Property” in Q1 in the amount of $12,362.72.
• Waterfront Parking Q2’s revenues are as follows:
Revenue Accounts Budget Actual Percent
Lighthouse Parking $491,520 $85,784 17%
Street Front Parking 0 $42,242
Boat Launch Parking $49,050 $9,359 19%
Annual Boat Launch Permits $11,571 $6,773 59%
Commuter Parking $152,000 $56,344 37%
• EMS salaries totaling $1,361,944 were transferred to ARPA as part of the annual subsidy
provided to the EMS Fund.
• Grants awarded to the City, totaling $910,537, were authorized by Council to accept and
expend. Parks Acquisition and Development Fund received $620,021 for the Mukilteo
Boat Launch Floats (WA Recreation and Conservation Office (RCO)) and the Storm Water
fund received $290,516 for the Regional Decant Facility (Department of Ecology (DOE)).
• ERR had sales of various items, totaling $10,312.73.
Expenditures:
• General Fund expenditures are just under 50%.
• ARPA expenditures are at 63.9% due to payments of computer software annual service
contracts, Lighthouse Park artwork, and Fire Station design.
• Most funds’ expenditures are at 50% or lower.
Item 2.2
Packet pg. 66/148
11930 Cyrus Way • Mukilteo, Washington 98275 • www.mukilteowa.gov
General Fund Revenue YoY (Exhibit 2a)
While also showing 2025 Budget and Actual year-to-date revenues, it also compares FY2025 to
FY2024 and FY2024 to FY2023. It presents a point of reference and comparison as to revenues
earned for the current year and past two (2) years. It should be noted that the revenue earned
in FY2025 is slightly below that of FY2024 by $86,000, mainly due to Intergovernmental revenues,
i.e., grant revenue, a decrease in traffic fines and Opioid Settlements received in June 2024.
Recreation revenues continue to outpace those in FY2024 & FY2023 due to increased programs
being offered and addition of the Recreation Playground.
General Fund Expenditures YoY (Exhibit 2b)
The information imparted in this report is similar in nature to the revenue report except that it
represents Q2 2025 expenditures. FY2025 expenditures are exceeding prior years, most likely
due to an increase in insurance costs, filling vacancies within the various departments, and the
annual Cost of Living Adjustments (COLA).
Revenue and Expenditure Graphs (Exhibits 3 and 4, respectively)
The graphs afford another way to track and view both expenditures and revenues as they relate
to the 2025 Adopted Budget over time.
ATTACHMENTS:
• Exhibit 1 - All Funds Summary, 2025 Q2
• Exhibit 1A - All Funds Revenue/Expend Detail, 2025 Q2
• Exhibit 2A - General Fund Revenue YoY Analysis 2025 Q2
• Exhibit 2B - General Fund Expenditures YoY Analysis, 2025
• Exhibit 3 – Revenue Graphs
• Exhibit 4 – Expenditure Graphs
Item 2.2
Packet pg. 67/148
Beginning Fund
Balance Revenue Expenditures Ending Fund
Balance
011 General Fund 8,799,275$ 49,407,841$ 53,759,238$ 4,447,878$
Total General Fund 8,799,275$ 49,407,841$ 53,759,238$ 4,447,878$
020 Econ Dev Infrastructure 2,756,567$ 66,303$ 950,000$ 1,872,870$
098 Revenue Stabilization 6,000,000 - - 6,000,000
101 Lodging Tax 1,128,392 684,815 765,253 1,047,954
104 Drug Enforcement 249,142 27,336 - 276,478
105 Criminal Justice 2,914,716 3,856,677 1,424,102 5,347,291
110 Transportation Impact Fee 1,710,974 150,073 - 1,861,047
111 Street Operating 263,283 2,911,430 2,615,194 559,519
114 Cumulative Park Reserve 143,986 267 9,019 135,234
116 Cumulative Art Reserve 306,015 - 530 305,485
121 Tree Reserve 295,467 30,747 38,975 287,239
131 American Rescue Plan Act - 235,163 235,163 -
144 Solid Waste Management 107,849 32,088 26,850 113,087
146 Affordable Housing 895,949 141,743 - 1,037,692
147 Opioid Settlement 1,149,940 214,251 21,163 1,343,028
150 Transportation Benefit District 2,370,005 3,531,583 3,376,058 2,525,530
180 Park Impact Fee 4,375,551 208,399 537,633 4,046,317
Total Other General Government Funds 24,667,836$ 12,090,875$ 9,999,940$ 26,758,771$
203 General Govt Debt Service 23$ 2,837,756$ 1,252,416$ 1,585,363$
223 Rec Center 2012 LTGO 3,196 1,186,875 376,225 813,846
Total Debt Service Funds 3,219$ 4,024,631$ 1,628,641$ 2,399,209$
330 REET 2 392,627$ 910,409$ 560,729$ 742,307$
331 REET 1 2,877,963 962,063 601,381 3,238,645
333 Capital Development 330,973 - 303,225 27,748
357 Other Government Capital 275,898 180,000 214,729 241,169
360 Transportation Capital 8,363,005 4,114,989 5,663,588 6,814,406
370 Facilities Capital 661,716 924,885 660,794 925,807
380 Parks & Recreation Capital 2,442,830 4,535,302 3,725,004 3,253,128
390 Public Safety Capital 6,313,955 174,381 1,625,185 4,863,151
Total Capital Funds 21,658,967$ 11,802,029$ 13,354,635$ 20,106,361$
411 Utility Operations 48,844,917$ 25,885,565$ 29,912,660$ 44,817,822$
412 Utility Capital 4,690,667 14,784,771 3,998,998 15,476,440
460 Golf Course 1,195,483 2,073,255 1,751,457 1,517,281
Total Enterprise Funds 54,490,459$ 42,743,591$ 35,663,115$ 61,570,935$
510 Equipment Rental Reserve 7,812,244$ 1,924,982$ 1,214,550$ 8,522,676$
511 Equipment Rental Oper 585,771 1,512,998 2,059,593 39,176
513 Lynnwood Shop Operations 54,282 198,767 127,084 125,965
515 Self Insurance 136,293 4,288 - 140,581
520 Technology Reserve 268,961 576,813 406,205 439,569
Total Internal Service Funds 8,857,551$ 4,217,848$ 3,807,432$ 9,267,967$
Total for all funds $ 118,477,307 $ 124,286,815 $ 118,213,001 $ 124,551,121
Summary by Fund January 01, 2025 through September 30, 2025
Fund
General Fund
Other General Government
Debt Service
Capital Funds
Enterprise Funds
Internal Service Funds
Item 2.2
Packet pg. 68/148
2023 - 2024 Actual 2025 - 2026 Actual 2025-2026 Budget % Budget
011 General Fund 44,555,795$ 49,407,841$ 155,077,800$ 32%
Total General Fund 44,555,795$ 49,407,841$ 155,077,800$
020 Econ Dev Infrastructure 185,659$ 66,303$ -$ 0%
098 Revenue Stabilization - - - 0%
101 Lodging Tax 634,077 684,815 1,730,800 40%
104 Drug Enforcement 18,409 27,336 40,000 68%
105 Criminal Justice 1,209,289 3,856,677 3,205,334 120%
110 Transportation Impact Fee 471,108 150,073 1,500,000 10%
111 Street Operating 2,124,339 2,911,430 6,930,600 42%
114 Cumulative Park Reserve 18,219 267 20,000 1%
116 Cumulative Art Reserve 9,533 - - 0%
121 Tree Reserve 12,827 30,747 30,000 102%
131 American Rescue Plan Act 1,770,648 235,163 522,000 45%
144 Solid Waste Management 50,768 32,088 89,462 36%
146 Affordable Housing 135,010 141,743 400,000 35%
147 Opioid Settlement 63,251 214,251 400,000 54%
150 Transportation Benefit District 3,596,133 3,531,583 8,400,000 42%
180 Park Impact Fee 1,192,191 208,399 3,505,000 6%
Total Other General Government Funds 11,491,461$ 12,090,875$ 26,773,196$
203 General Govt Debt Service 2,638,282$ 2,837,756$ 7,567,350$ 37%
223 Rec Center 2012 LTGO 1,202,237 1,186,875 3,165,000 38%
Total Debt Service Funds 3,840,519$ 4,024,631$ 10,732,350$
330 REET 2 751,024$ 910,409$ 1,840,000$ 49%
331 REET 1 762,037 962,063 1,840,000 52%
333 Capital Development 24,868 - - 0%
357 Other Government Capital 25,566 180,000 50,000 360%
360 Transportation Capital 6,652,354 4,114,989 36,393,628 11%
370 Facilities Capital 6,305,589 924,885 1,560,000 59%
380 Parks & Recreation Capital 6,124,847 4,535,302 19,055,316 24%
390 Public Safety Capital 1,119,681 174,381 3,250,000 5%
Total Capital Funds 21,765,966$ 11,802,029$ 63,988,944$
411 Utility Operations 22,482,840$ 25,885,565$ 79,040,000$ 33%
412 Utility Capital 1,510,634 14,784,771 39,235,000 38%
460 Golf Course 1,834,014 2,073,255 3,845,400 54%
Total Enterprise Funds 25,827,488$ 42,743,591$ 122,120,400$
510 Equipment Rental Reserve 1,436,285$ 1,924,982$ 7,133,300$ 27%
511 Equipment Rental Oper 1,462,803 1,512,998 6,171,800 25%
513 Lynnwood Shop Operations 103,687 198,767 596,300 33%
515 Self Insurance - 4,288 - 0%
520 Technology Reserve 177,569 576,813 332,282 174%
Total Internal Service Funds 3,180,344$ 4,217,848$ 14,233,682$
Total for all funds $ 110,661,573 $ 124,286,815 $ 392,926,372
Internal Service Funds
Enterprise Funds
Debt Service
Other General Government
Fund
Revenue Comparison through Budget Year 1, Quarter 3
General Fund
Capital Funds
Item 2.2
Packet pg. 69/148
2023 - 2024 Actual 2025 - 2026 Actual 2025-2026 Budget % Budget
011 General Fund 43,079,909$ 53,759,238$ 158,066,798$ 34%
Total General Fund 43,079,909$ 53,759,238$ 158,066,798$
020 Econ Dev Infrastructure 1,000,000$ 950,000$ 2,300,000$ 41%
098 Revenue Stabilization - - - 0%
101 Lodging Tax 653,556 765,253 1,902,404 40%
104 Drug Enforcement 45,511 - 180,000 0%
105 Criminal Justice 647,950 1,424,102 2,972,834 48%
110 Transportation Impact Fee - - 2,730,000 0%
111 Street Operating 2,461,511 2,615,194 6,807,392 38%
114 Cumulative Park Reserve 6,652 9,019 20,000 45%
116 Cumulative Art Reserve 33,513 530 228,000 0%
121 Tree Reserve 33,303 38,975 70,000 56%
131 American Rescue Plan Act 1,770,648 235,163 522,000 45%
144 Solid Waste Management 51,003 26,850 89,462 30%
146 Affordable Housing - - - 0%
147 Opioid Settlement - 21,163 400,000 5%
150 Transportation Benefit District 1,812,114 3,376,058 10,000,000 34%
180 Park Impact Fee 281,130 537,633 5,985,710 9%
Total Other General Government Funds 8,796,891$ 9,999,940$ 34,207,802$
203 General Govt Debt Service 1,315,083$ 1,252,416$ 7,567,350$ 17%
223 Rec Center 2012 LTGO 307,573 376,225 3,166,000 12%
Total Debt Service Funds 1,622,656$ 1,628,641$ 10,733,350$
330 REET 2 1,177,995$ 560,729$ 2,720,000$ 21%
331 REET 1 1,164,917 601,381 3,600,000 17%
333 Capital Development 156,000 303,225 303,250 100%
357 Other Government Capital 201,362 214,729 465,000 46%
360 Transportation Capital 9,412,231 5,663,588 36,423,628 16%
370 Facilities Capital 7,194,568 660,794 2,174,050 30%
380 Parks & Recreation Capital 5,920,406 3,725,004 20,048,600 19%
390 Public Safety Capital 20,715,709 1,625,185 9,425,000 17%
Total Capital Funds 45,943,188$ 13,354,635$ 75,159,528$
411 Utility Operations 16,825,585$ 29,912,660$ 89,522,165$ 33%
412 Utility Capital 1,812,129 3,998,998 39,835,000 10%
460 Golf Course 1,524,483 1,751,457 4,120,400 43%
Total Enterprise Funds 20,162,197$ 35,663,115$ 133,477,565$
510 Equipment Rental Reserve 1,119,336$ 1,214,550$ 1,901,600$ 64%
511 Equipment Rental Oper 1,732,028 2,059,593 6,011,922 34%
513 Lynnwood Shop Operations 90,343 127,084 627,370 20%
515 Self Insurance 36,556 - 120,000 0%
520 Technology Reserve 112,875 406,205 520,000 78%
Total Internal Service Funds 3,091,138$ 3,807,432$ 9,180,892$
Total for all funds $ 122,695,979 $ 118,213,001 $ 420,825,935
Expenditure Comparison through Budget Year 1, Quarter 3
Fund
General Fund
Other General Government
Debt Service
Capital Funds
Enterprise Funds
Internal Service Funds
Item 2.2
Packet pg. 70/148
Fund 2023 2024 2025 2025-2026
Budget % Budget
BEGINNING FUND BALANCE 14,312,752$ 13,974,509$ 8,799,275$ -$
OPERATING REVENUES
Taxes 30,282,794$ 29,512,814$ 31,697,623$ 96,427,100$ 33%
Licenses & Permits 3,543,097 3,402,879 3,034,163 15,979,600 19%
Intergovernmental Revenue 1,184,168 1,402,528 1,180,643 2,946,800 40%
Charges for Services 5,438,861 5,631,321 5,913,288 17,303,100 34%
Fines & Forfeitures 3,126,087 4,166,015 4,535,617 20,300,000 22%
Investment Interest 225,354 187,274 133,340 380,000 35%
Other Revenue 755,435 873,248 835,499 1,736,600 48%
TOTAL REVENUES 44,555,796$ 45,176,079$ 47,330,173$ 155,073,200$ 31%
OTHER FINANCING SOURCES
Other Financing Sources -$ 3,216$ -$ 4,600$ 0%
Transfers-in - - 2,077,669 - 0%
TOTAL OTHER FINANCING SOURCES - 3,216 2,077,669 4,600 45167%
TOTAL REVENUES & OTHER SOURCES 44,555,796$ 45,179,295$ 49,407,842$ 155,077,800$ 32%
OPERATING EXPENDITURES
Salaries & Wages 20,323,047$ 23,099,927$ 26,756,594$ 78,080,405$ 34%
Personnel Benefits 7,423,642 8,284,075 9,482,409 27,395,944 35%
Supplies 952,830 1,057,974 1,078,215 4,078,850 26%
Services & Charges 7,592,999 8,453,597 10,323,590 32,344,692 32%
Intergovernmental 2,931,733 1,672,377 1,539,440 3,572,694 43%
TOTAL OPERATING EXPENDITURES 39,224,251$ 42,567,950$ 49,180,248$ 145,472,585$ 34%
OTHER FINANCING USES
Capital Outlay 49,294$ -$ -$ 383,573$ 0%
Debt Service - - - - 0%
Transfers-out 3,806,363 3,541,612 4,578,990 12,210,640 38%
TOTAL OTHER FINANCING USES 3,855,657$ 3,541,612$ 4,578,990$ 12,594,213$ 36%
TOTAL EXPENDENDITURES & OTHER USES 43,079,908$ 46,109,562$ 53,759,238$ 158,066,798$ 34%
FUND BALANCE RESERVE REQUIREMENT (RUNNING TOTAL FOR THE QUARTER)
Fund 2023 2024 2025
REQUIRED RESERVE 2.5 MONTHS OP EXPENDITURES $ 11,012,917 $ 11,608,715 $ 13,049,742
General Fund 15,788,640 13,044,242 4,447,879
Stabilization Fund 6,000,000 6,000,000 6,000,000
RESERVE EXCESS (DEFICIT)10,775,723$ 7,435,527$ (2,601,863)$
General Fund
Year-to-date Summary as of September 30, 2025
Revenues and Other Sources
Expenditures and Other Uses
Item 2.2
Packet pg. 71/148
2023 2024 2025 2025-2026 %
Salaries & Wages 2,064,307$ 2,518,498$ 2,689,484$ 8,112,286$ 33%
Personnel Benefits 779,320 893,121 944,970 2,892,352 33%
Supplies 16,871 39,265 12,862 125,750 10%
Services & Charges 928,304 825,329 583,456 3,741,500 16%
Intergovernmental 5,057 5,531 6,027 88,000 7%
Total 3,793,859$ 4,281,744$ 4,236,799$ 14,959,888$ 28%
2023 2024 2025 2025-2026 %
Salaries & Wages 671,682$ 784,419$ 833,986$ 2,443,727$ 34%
Personnel Benefits 230,005 276,413 280,184 779,040 36%
Supplies 10,304 11,571 5,577 30,700 18%
Services & Charges 283,547 365,480 465,091 1,288,186 36%
Total 1,195,538$ 1,437,883$ 1,584,838$ 4,541,653$ 35%
2023 2024 2025 2025-2026 %
Salaries & Wages 1,390,815$ 1,596,292$ 1,787,681$ 5,389,222$ 33%
Personnel Benefits 550,911 577,260 620,174 1,836,729 34%
Supplies 22,937 13,854 2,531 15,000 17%
Services & Charges 429,739 507,509 431,902 1,265,900 34%
Intergovernmental - - - - -
Total 2,394,402$ 2,694,915$ 2,842,288$ 8,506,851$ 33%
2023 2024 2025 2025-2026 %
Salaries & Wages -$ -$ -$ -$ -
Personnel Benefits - - - - -
Supplies 27 156 468 3,000 16%
Services & Charges 13,080 11,993 6,800 20,400 33%
Intergovernmental 1,073,917 - 150,946 500,000 30%
Total 1,087,024$ 12,149$ 158,214$ 523,400$ 30%
2023 2024 2025 2025-2026 %
Salaries & Wages 406,694$ 481,411$ 487,287$ 1,456,146$ 33%
Personnel Benefits 130,379 154,222 138,663 449,914 31%
Supplies 18,549 52,739 6,358 50,000 13%
Services & Charges 80,498 157,340 226,202 701,856 32%
Intergovernmental - - - - -
Total 636,120$ 845,712$ 858,510$ 2,657,916$ 32%
ActualsDevelopment & Business Services Budget
Executive Actuals Budget
Finance Actuals Budget
Fire Actuals Budget
Human Resources Actuals Budget
Summary by Department January 01, 2021 through September 30, 2025
Item 2.2
Packet pg. 72/148
2023 2024 2025 2025-2026 %
Salaries & Wages 1,047,193$ 1,205,400$ 1,242,513$ 3,838,358$ 32%
Personnel Benefits 398,496 434,435 437,073 1,346,007 32%
Supplies 40,608 21,182 46,024 159,200 29%
Services & Charges 498,960 602,429 513,181 1,705,773 30%
Intergovernmental - - - - -
Total 1,985,257$ 2,263,446$ 2,238,791$ 7,049,338$ 32%
2023 2024 2025 2025-2026 %
Salaries & Wages -$ -$ -$ -$ -
Personnel Benefits - - - - -
Supplies - - - - -
Services & Charges 967,341 1,031,445 1,031,777 3,084,900 33%
Intergovernmental - - - - -
Total 967,341$ 1,031,445$ 1,031,777$ 3,084,900$ 33%
2023 2024 2025 2025-2026 %
Salaries & Wages 146,274$ 148,970$ 141,270$ 435,458$ 32%
Personnel Benefits 128,811 119,876 109,715 370,646 30%
Supplies 2,377 1,287 4,838 27,000 18%
Services & Charges 66,279 71,027 101,894 272,034 37%
Intergovernmental - - - - -
Total 343,741$ 341,160$ 357,717$ 1,105,138$ 32%
2023 2024 2025 2025-2026 %
Salaries & Wages 726,036$ 832,224$ 1,251,412$ 3,701,919$ 34%
Personnel Benefits 273,912 310,716 428,694 1,380,281 31%
Supplies 26,626 5,446 39,271 28,200 139%
Services & Charges 226,474 262,498 412,842 916,200 45%
Intergovernmental - - - - -
Total 1,253,048$ 1,410,884$ 2,132,219$ 6,026,600$ 35%
2023 2024 2025 2025-2026 %
Salaries & Wages -$ (1)$ -$ -$ -
Personnel Benefits - - - - -
Supplies - - - - -
Services & Charges 414,578 456,329 - - -
Intergovernmental - - - - -
Capital Outlay - - - - -
Transfers-out 3,806,363 3,541,612 4,578,990 12,210,640 38%
Total 4,220,941$ 3,997,940$ 4,578,990$ 12,210,640$ 38%
Information Technology Actuals Budget
Legal Actuals Budget
Municipal Court Actuals Budget
Legislative Actuals Budget
Non-Departmental - General Fund Actuals Budget
Item 2.2
Packet pg. 73/148
2023 2024 2025 2025-2026 %
Salaries & Wages 3,805,238$ 4,252,117$ 4,362,415$ 12,316,606$ 35%
Personnel Benefits 1,330,384 1,374,291 1,457,319 4,108,590 35%
Supplies 331,223 388,090 335,099 1,029,250 33%
Services & Charges 1,179,332 1,379,094 1,589,958 4,383,472 36%
Intergovernmental - 70,113 226,159 - -
Capital Outlay 12,120 - - - -
Total 6,658,297$ 7,463,705$ 7,970,950$ 21,837,918$ 37%
2023 2024 2025 2025-2026 %
Salaries & Wages 8,915,341$ 10,274,331$ 12,972,540$ 36,714,924$ 35%
Personnel Benefits 3,160,107 3,769,548 4,700,101 12,437,112 38%
Supplies 397,439 432,823 552,456 2,354,350 23%
Services & Charges 1,939,563 2,123,067 3,871,514 12,358,650 31%
Intergovernmental 1,844,218 1,596,733 1,156,308 2,974,694 39%
Total 16,256,668$ 18,196,502$ 23,252,919$ 66,839,730$ 35%
2023 2024 2025 2025-2026 %
Salaries & Wages 1,149,471$ 1,006,266$ 988,002$ 3,671,759$ 27%
Personnel Benefits 441,318 374,194 365,517 1,795,273 20%
Supplies 85,869 91,561 72,731 256,400 28%
Services & Charges 653,719 804,391 1,182,747 2,627,021 45%
Intergovernmental - - - - -
Total 2,330,377$ 2,276,412$ 2,608,997$ 8,350,453$ 31%
2023 2024 2025 2025-2026 %
Salaries & Wages 754,676$ 752,057$ 807,687$ 2,505,986$ 32%
Personnel Benefits 312,993 298,791 329,639 956,910 34%
Supplies 679,966 267,413 252,827 1,110,600 23%
Services & Charges 703,828 815,004 938,161 1,983,896 47%
Intergovernmental - - - - -
Capital Outlay 10,048 35,136 286,881 250,000 115%
Total 2,461,511$ 2,168,401$ 2,615,195$ 6,807,392$ 38%
2023 2024 2025 2025-2026 %
Salaries & Wages 3,284,026$ 3,776,661$ 3,749,951$ 11,606,653$ 32%
Personnel Benefits 1,277,901 1,401,636 1,426,884 4,362,348 33%
Supplies 3,098,634 2,875,801 3,037,196 10,477,446 29%
Services & Charges 10,352,817 6,732,430 7,699,488 22,908,718 34%
Intergovernmental 4,136 11,906 5,289 185,000 3%
Capital Outlay (2,529,986) 325,574 (1,563,802) - -
Debt Service (40,425) (40,526) (38,649) 2,647,000 -1%
Total 15,447,103$ 15,083,482$ 14,316,357$ 52,187,165$ 27%
Parks, Recreation, & Cultural Arts Actuals Budget
Public Works - Utility Operations Fund Actuals Budget
Public Works - Street Operating Fund Actuals Budget
Police Actuals Budget
Public Works - General Fund Actuals Budget
Item 2.2
Packet pg. 74/148
Cash and Investments as of September 30, 2025
As of
September 30, 2025
Cash in Bank 21,992,212$
Cash on Hand 9,400
Total Cash 22,001,612$
WA State Local Government Investment Pool 12,695,754$
Snohomish County Investment Pool 11,012,721
US Bank Investments (Principal/Tax Cost)36,163,654
Total Investments 59,872,129$
Total Cash & Investments 81,873,741$
PAR/Face Value at June 30, 2025 38,350,000$
Purchases (Sales)166,167
PAR/Face Value at September 30, 2025 38,516,167$
Market Value at September 30, 2025 37,521,882$
Earnings for Quarter Ending September 30, 2025 167,610$
US Bank Investment Activity
Item 2.2
Packet pg. 75/148
CITY OF EDMONDS
MONTHLY BUDGETARY FINANCIAL REPORT
DECEMBER 2022
Item 2.2
Packet pg. 76/148
1
INVESTMENT PORTFOLIO SUMMARY
Years
Agency/Investment Purchase to Par Market Maturity Coupon
Issuer Type Price Maturity Value Value Date Rate
Grant Cnty WA Bonds 1,517,955 0.00 1,500,000 1,500,000 01/01/23 1.54%
Grant Cnty WA Bonds 576,332 0.00 520,000 520,000 01/01/23 5.00%
Seattle WA Muni Bonds 2,224,500 0.09 2,000,000 2,002,940 02/01/23 5.00%
FHLMC Bonds 988,678 0.30 1,000,000 986,964 04/20/23 0.38%
FHLB Bonds 1,996,590 0.76 2,000,000 1,927,774 10/05/23 0.22%
Kent WA Bonds 286,648 0.92 250,000 254,775 12/01/23 5.00%
First Financial - ECA CD 2,803,516 0.99 2,803,516 2,803,516 12/28/23 2.08%
First Financial - Waterfront Center CD 245,000 0.99 245,000 245,000 12/28/23 1.49%
FHLB Bonds 2,004,464 1.04 2,000,000 1,999,452 01/16/24 4.81%
FHLB Bonds 954,866 1.28 1,000,000 942,666 04/10/24 0.35%
FM Bonds 996,082 1.46 1,000,000 973,181 06/17/24 2.80%
FNMA Bonds 992,693 1.50 1,000,000 957,884 07/02/24 1.75%
FHLB Bonds 950,774 1.88 1,000,000 927,736 11/18/24 0.90%
Spokane County WA Bonds 207,260 1.92 200,000 190,826 12/01/24 2.10%
FHLMC Bonds 974,798 2.20 1,000,000 982,557 03/13/25 3.75%
FHLB Bonds 969,524 2.58 1,000,000 977,906 07/28/25 3.60%
US Treasury Note Note 964,597 2.62 1,000,000 972,109 08/15/25 3.13%
TOTAL SECURITIES 19,654,276 1.21 19,518,516 19,165,286
Washington State Local Gov't Investment Pool 12,672,679 12,672,679 Demand 4.09%
Snohomish County Local Gov't Investment Pool 43,118,375 43,118,375 Demand 2.00%
TOTAL PORTFOLIO 75,309,570$ 74,956,340$
As of December 31, 2022
City of Edmonds Investment Portfolio Detail
First
Financial -
CD, 16%
Spokane
County
WA, 1%
FHLB, 36%
FHLMC,
10%
Grant Cnty
WA, 10%
Kent WA,
1%
Seattle WA
Muni, 10%Issuer Diversification Checking,
$5.9 , 7%
State LGIP,
12.7 , 16%
County
LGIP, 43.1
, 53%
CD's, 3.0 ,
4%
Note, 1.0 ,
1%
Bonds,
15.5 , 19%
Cash and Investment Balances
(in $ Millions)
Item 2.2
Packet pg. 77/148
2
INVESTMENT PORTFOLIO SUMMARY
$635,781
$882,556
$1,236,875
$947,931 $950,684 $1,091,709
$-
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
2017 2018 2019 2020 2021 YTD 2022
Annual Interest Income
Item 2.2
Packet pg. 78/148
3
GENERAL FUND SUMMARY
-
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
January April July October January April July October
General Fund Revenues and Expenses (Rolling 24 months)
General Fund Revenues General Fund Expenses
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
2016 2017 2018 2019 2020 2021
General Fund Tax Revenue (2016 through 2021)
Sales Tax Property Tax EMS Tax Other Taxes
$11,257,927 $10,615,296
$4,228,289
$8,027,560
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Sales Tax Property Tax EMS Tax Other Taxes
General Fund Tax Revenue (2022 YTD)
Item 2.2
Packet pg. 79/148
4
General Fund
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 2,504,390$ 2,504,390$ 2,186,816$ -12.68%
February 4,952,844 2,448,454 4,606,889 -6.98%
March 7,433,841 2,480,997 7,290,787 -1.92%
April 10,592,238 3,158,396 10,347,043 -2.31%
May 19,497,731 8,905,494 19,290,212 -1.06%
June 22,094,674 2,596,943 21,853,448 -1.09%
July 24,642,914 2,548,239 24,106,033 -2.18%
August 27,281,283 2,638,369 27,906,485 2.29%
September 29,678,983 2,397,701 30,545,883 2.92%
October 33,756,809 4,077,826 33,386,077 -1.10%
November 42,396,838 8,640,029 42,309,045 -0.21%
December 44,986,484 2,589,646 45,181,344 0.43%
Real Estate Excise Tax 1 & 2
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 376,007$ 376,007$ 135,500$ -63.96%
February 604,057 228,050 377,997 -37.42%
March 942,203 338,145 551,531 -41.46%
April 1,215,412 273,209 923,535 -24.01%
May 1,570,915 355,503 1,301,746 -17.13%
June 1,942,927 372,012 1,703,080 -12.34%
July 2,344,831 401,904 2,043,169 -12.86%
August 2,781,982 437,151 2,333,624 -16.12%
September 3,225,577 443,595 2,664,145 -17.41%
October 3,626,122 400,545 3,011,093 -16.96%
November 4,018,664 392,542 3,292,409 -18.07%
December 4,400,000 381,336 3,897,754 -11.41%
*The monthly budget forecast columns are based on a five-year average.
2022
City of Edmonds, WA
Monthly Revenue Summary-General Fund
2022
City of Edmonds, WA
Monthly Revenue Summary-Real Estate Excise Tax
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
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
General Fund
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
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Real Estate Excise Tax 1 & 2
Current Year Budget Prior Year
Item 2.2
Packet pg. 80/148
5
SALES TAX SUMMARY
Wholesale Trade,
$353,303
Communications,
$242,970
Clothing and
Accessories, $385,103
Accommodation,
$54,054
Construction Trade,
$1,754,757 Health & Personal
Care, $68,820
Automotive Repair,
$242,341 Amusement
& Recreation,
$75,373
Business Services,
$1,187,984
Gasoline, $45
Retail Food Stores,
$360,637
Retail Automotive,
$2,718,718
Manufacturing,
$128,515
Eating & Drinking,
$1,269,749
Others, $329,417
Misc Retail,
$2,086,140
Sales Tax Analysis By Category
Current Period: December 2022
Year-to-Date
Total $11,257,927
$6,905,122
$7,395,114 $8,406,296 $8,452,715 $8,317,046
$10,302,518 $11,257,927
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
2016 2017 2018 2019 2020 2021 YTD 2022
Annual Sales Tax Revenue
Item 2.2
Packet pg. 81/148
6
Sales and Use Tax
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 763,651$ 763,651$ 857,872$ 12.34%
February 1,704,609 940,958 1,853,000 8.71%
March 2,420,254 715,646 2,666,259 10.16%
April 3,074,639 654,384 3,469,412 12.84%
May 3,893,081 818,442 4,483,349 15.16%
June 4,672,507 779,426 5,402,133 15.62%
July 5,523,403 850,896 6,337,518 14.74%
August 6,439,084 915,680 7,348,080 14.12%
September 7,293,649 854,565 8,300,315 13.80%
October 8,203,996 910,347 9,300,633 13.37%
November 9,139,425 935,429 10,301,093 12.71%
December 10,000,000 860,575 11,257,927 12.58%
Gas Utility Tax
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 79,399$ 79,399$ 96,596$ 21.66%
February 164,205 84,806 96,596 -41.17%
March 246,125 81,920 305,138 23.98%
April 313,860 67,734 397,808 26.75%
May 367,416 53,556 469,966 27.91%
June 402,173 34,757 524,767 30.48%
July 429,975 27,802 563,428 31.04%
August 452,332 22,357 590,667 30.58%
September 472,668 20,335 615,300 30.18%
October 496,035 23,367 641,329 29.29%
November 534,998 38,963 673,336 25.86%
December 595,000 60,002 768,250 29.12%
*The monthly budget forecast columns are based on a five-year average.
2022
City of Edmonds, WA
Monthly Revenue Summary-Sales and Use Tax
2022
City of Edmonds, WA
Monthly Revenue Summary-Gas Utility Tax
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
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Sales and Use Tax
Current Year Budget Prior Year
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Gas Utility Tax
Current Year Budget Prior Year
Item 2.2
Packet pg. 82/148
7
Telephone Utility Tax
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 53,352$ 53,352$ 43,844$ -17.82%
February 96,981 43,629 66,255 -31.68%
March 143,255 46,275 130,244 -9.08%
April 192,397 49,142 175,045 -9.02%
May 232,481 40,084 208,020 -10.52%
June 277,770 45,288 250,253 -9.91%
July 321,046 43,277 293,198 -8.67%
August 362,710 41,663 308,018 -15.08%
September 400,099 37,389 333,419 -16.67%
October 445,363 45,264 374,814 -15.84%
November 482,039 36,676 420,015 -12.87%
December 523,000 40,961 494,489 -5.45%
Electric Utility Tax
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 148,905$ 148,905$ 183,023$ 22.91%
February 312,488 163,583 377,116 20.68%
March 449,608 137,121 534,798 18.95%
April 602,286 152,678 726,969 20.70%
May 723,393 121,107 858,720 18.71%
June 824,492 101,099 993,628 20.51%
July 920,639 96,147 1,117,008 21.33%
August 1,015,921 95,282 1,224,526 20.53%
September 1,108,535 92,614 1,349,573 21.74%
October 1,199,070 90,535 1,466,267 22.28%
November 1,299,972 100,902 1,574,360 21.11%
December 1,410,000 110,028 1,716,131 21.71%
*The monthly budget forecast columns are based on a five-year average.
2022
City of Edmonds, WA
Monthly Revenue Summary-Telephone Utility Tax
2022
City of Edmonds, WA
Monthly Revenue Summary-Electric Utility Tax
0
100,000
200,000
300,000
400,000
500,000
600,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Telephone Utility Tax
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
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Electric Utility Tax
Current Year Budget Prior Year
Item 2.2
Packet pg. 83/148
8
Meter Water Sales
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 809,979$ 809,979$ 827,704$ 2.19%
February 1,383,405 573,426 1,383,308 -0.01%
March 2,213,219 829,814 2,127,271 -3.88%
April 2,744,029 530,810 2,688,719 -2.02%
May 3,542,697 798,668 3,507,398 -1.00%
June 4,167,857 625,160 4,071,843 -2.30%
July 5,138,308 970,451 4,964,389 -3.38%
August 5,986,736 848,427 5,758,768 -3.81%
September 7,133,311 1,146,575 6,896,184 -3.32%
October 7,954,825 821,514 7,773,460 -2.28%
November 8,891,706 936,881 8,716,545 -1.97%
December 9,464,783 573,077 9,308,403 -1.65%
Storm Water Sales
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 426,464$ 426,464$ 417,730$ -2.05%
February 1,352,938 926,475 1,322,856 -2.22%
March 1,779,789 426,851 1,740,623 -2.20%
April 2,159,443 379,654 2,114,167 -2.10%
May 2,586,880 427,437 2,531,673 -2.13%
June 2,966,444 379,564 2,904,040 -2.10%
July 3,385,868 419,425 3,322,096 -1.88%
August 4,311,526 925,657 4,230,484 -1.88%
September 4,738,766 427,240 4,649,179 -1.89%
October 5,118,192 379,426 5,022,476 -1.87%
November 5,545,860 427,668 5,440,755 -1.90%
December 5,911,497 365,637 5,815,746 -1.62%
*The monthly budget forecast columns are based on a five-year average.
2022
City of Edmonds, WA
Monthly Revenue Summary-Meter Water Sales
2022
City of Edmonds, WA
Monthly Revenue Summary-Storm Water Sales
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
Meter Water Sales
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
Storm Water Sales
Current Year Budget Prior Year
Item 2.2
Packet pg. 84/148
9
Unmeter Sewer Sales
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 863,521$ 863,521$ 877,046$ 1.57%
February 1,571,494 707,973 1,604,010 2.07%
March 2,435,565 864,071 2,451,231 0.64%
April 3,143,499 707,934 3,183,083 1.26%
May 4,009,811 866,312 4,066,458 1.41%
June 4,719,932 710,121 4,800,930 1.72%
July 5,593,564 873,631 5,679,193 1.53%
August 6,307,925 714,362 6,408,113 1.59%
September 7,215,145 907,220 7,308,487 1.29%
October 7,936,868 721,723 8,051,890 1.45%
November 8,819,637 882,769 8,939,313 1.36%
December 9,528,089 708,452 9,670,011 1.49%
City of Edmonds, WA
Monthly Revenue Summary-Unmeter Sewer Sales
2022
*The monthly budget forecast columns are based on a five-year average.
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
Unmeter Sewer Sales
Current Year Budget Prior Year
Item 2.2
Packet pg. 85/148
10
General Fund
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 5,523,603$ 5,523,603$ 4,585,579$ -16.98%
February 9,537,801 4,014,197 8,118,010 -14.89%
March 13,909,040 4,371,239 11,949,976 -14.08%
April 17,736,344 3,827,304 15,453,486 -12.87%
May 21,795,700 4,059,356 19,128,482 -12.24%
June 26,833,121 5,037,422 23,484,941 -12.48%
July 31,102,986 4,269,864 27,097,845 -12.88%
August 35,143,336 4,040,351 30,838,095 -12.25%
September 39,413,856 4,270,520 34,679,613 -12.01%
October 44,092,327 4,678,471 38,757,457 -12.10%
November 49,003,912 4,911,585 44,001,969 -10.21%
December 54,139,849 5,135,937 48,516,420 -10.39%
Non-Departmental
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 2,507,524$ 2,507,524$ 2,083,892$ -16.89%
February 3,542,119 1,034,595 2,922,333 -17.50%
March 4,860,493 1,318,374 4,072,745 -16.21%
April 5,664,513 804,020 5,019,960 -11.38%
May 6,660,840 996,327 5,987,679 -10.11%
June 8,505,280 1,844,440 7,606,046 -10.57%
July 9,569,701 1,064,422 8,530,659 -10.86%
August 10,445,469 875,768 9,457,188 -9.46%
September 11,460,390 1,014,920 10,403,981 -9.22%
October 12,739,257 1,278,867 11,393,678 -10.56%
November 14,162,561 1,423,304 12,742,350 -10.03%
December 15,574,457 1,411,896 13,322,719 -14.46%
*The monthly budget forecast columns are based on a five-year average.
2022
City of Edmonds, WA
Monthly Expenditure Report-General Fund
2022
City of Edmonds, WA
Monthly Expenditure Report-Non-Departmental
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
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
Item 2.2
Packet pg. 86/148
11
City Council
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 34,048$ 34,048$ 23,687$ -30.43%
February 71,440 37,392 43,670 -38.87%
March 112,337 40,897 71,408 -36.43%
April 150,453 38,116 100,819 -32.99%
May 199,779 49,326 129,439 -35.21%
June 253,678 53,900 157,419 -37.95%
July 292,429 38,751 188,068 -35.69%
August 345,857 53,427 215,904 -37.57%
September 383,091 37,235 248,606 -35.11%
October 415,753 32,661 278,828 -32.93%
November 456,167 40,415 313,168 -31.35%
December 498,826 42,659 349,871 -29.86%
Office of Mayor
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 36,543$ 36,543$ 28,255$ -22.68%
February 74,682 38,139 59,226 -20.70%
March 111,303 36,621 89,568 -19.53%
April 148,571 37,268 119,372 -19.65%
May 185,263 36,692 148,671 -19.75%
June 221,237 35,974 178,561 -19.29%
July 258,047 36,810 208,847 -19.07%
August 295,197 37,150 238,242 -19.29%
September 331,927 36,730 267,964 -19.27%
October 368,014 36,088 297,281 -19.22%
November 405,977 37,963 326,819 -19.50%
December 444,165 38,188 359,056 -19.16%
*The monthly budget forecast columns are based on a five-year average.
2022
City of Edmonds, WA
Monthly Expenditure Report-City Council
2022
City of Edmonds, WA
Monthly Expenditure Report-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
Item 2.2
Packet pg. 87/148
12
Human Resources
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 77,442$ 77,442$ 59,932$ -22.61%
February 141,711 64,269 135,524 -4.37%
March 202,918 61,207 203,581 0.33%
April 266,892 63,974 270,474 1.34%
May 331,364 64,471 334,902 1.07%
June 406,079 74,716 458,397 12.88%
July 464,382 58,303 537,794 15.81%
August 524,394 60,011 620,253 18.28%
September 590,709 66,316 703,791 19.14%
October 654,996 64,287 760,678 16.13%
November 727,171 72,174 839,279 15.42%
December 825,252 98,081 913,570 10.70%
Municipal Court
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 122,373$ 122,373$ 91,643$ -25.11%
February 251,049 128,676 187,919 -25.15%
March 378,487 127,439 284,025 -24.96%
April 506,535 128,047 386,046 -23.79%
May 643,748 137,214 482,322 -25.08%
June 768,247 124,498 591,066 -23.06%
July 896,272 128,025 691,341 -22.86%
August 1,037,629 141,356 799,325 -22.97%
September 1,168,841 131,213 901,515 -22.87%
October 1,303,901 135,060 1,009,961 -22.54%
November 1,440,128 136,227 1,229,098 -14.65%
December 1,606,428 166,300 1,353,088 -15.77%
*The monthly budget forecast columns are based on a five-year average.
2022
City of Edmonds, WA
Monthly Expenditure Report-Human Resources
2022
City of Edmonds, WA
Monthly Expenditure Report-Municipal Court
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
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
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Municipal Court
Current Year Budget Prior Year
Item 2.2
Packet pg. 88/148
13
Community Services/Economic Development
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 57,494$ 57,494$ 33,127$ -42.38%
February 118,909 61,414 72,230 -39.26%
March 179,400 60,491 122,479 -31.73%
April 236,923 57,524 179,118 -24.40%
May 300,696 63,772 216,588 -27.97%
June 364,390 63,695 250,483 -31.26%
July 430,291 65,901 288,425 -32.97%
August 501,380 71,088 362,340 -27.73%
September 567,368 65,989 436,484 -23.07%
October 636,836 69,467 518,930 -18.51%
November 717,963 81,128 640,700 -10.76%
December 829,589 111,626 751,667 -9.39%
*The monthly budget forecast columns are based on a five-year average.
City of Edmonds, WA
Monthly Expenditure Report-Community Services/Economic Development
2022
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Community Services/Economic Development
Current Year Budget Prior Year
Item 2.2
Packet pg. 89/148
14
Technology Rental Fund
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 229,083$ 229,083$ 216,858$ -5.34%
February 433,624 204,541 287,295 -33.75%
March 627,067 193,444 502,978 -19.79%
April 733,747 106,680 545,022 -25.72%
May 872,562 138,815 603,046 -30.89%
June 1,015,613 143,051 705,231 -30.56%
July 1,136,400 120,787 771,437 -32.12%
August 1,280,517 144,116 953,307 -25.55%
September 1,432,033 151,516 1,118,766 -21.88%
October 1,612,174 180,141 1,217,201 -24.50%
November 1,736,901 124,728 1,319,931 -24.01%
December 1,992,312 255,411 1,547,277 -22.34%
Administrative Services
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 282,405$ 282,405$ 217,022$ -23.15%
February 473,141 190,736 380,532 -19.57%
March 666,415 193,274 547,460 -17.85%
April 862,676 196,261 722,690 -16.23%
May 1,060,195 197,519 901,287 -14.99%
June 1,326,876 266,682 1,088,001 -18.00%
July 1,554,866 227,990 1,236,936 -20.45%
August 1,749,170 194,304 1,416,372 -19.03%
September 1,948,991 199,821 1,579,959 -18.93%
October 2,158,018 209,027 1,768,741 -18.04%
November 2,353,690 195,672 2,098,000 -10.86%
December 2,551,607 197,917 2,285,009 -10.45%
*The monthly budget forecast columns are based on a five-year average.
2022
City of Edmonds, WA
Monthly Expenditure Report-Technology Rental Fund
2022
City of Edmonds, WA
Monthly Expenditure Report-Administrative Services
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
Technology Rental Fund
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
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Administrative Services
Current Year Budget Prior Year
Item 2.2
Packet pg. 90/148
15
City Attorney
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 80,982$ 80,982$ 77,656$ -4.11%
February 161,963 80,982 155,234 -4.16%
March 242,945 80,982 233,065 -4.07%
April 323,927 80,982 287,018 -11.39%
May 404,908 80,982 388,315 -4.10%
June 485,890 80,982 465,893 -4.12%
July 566,871 80,982 545,067 -3.85%
August 647,853 80,982 622,645 -3.89%
September 728,835 80,982 677,108 -7.10%
October 809,816 80,982 788,707 -2.61%
November 890,798 80,982 866,285 -2.75%
December 971,780 80,982 947,473 -2.50%
Police
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 1,054,477$ 1,054,477$ 973,358$ -7.69%
February 2,124,582 1,070,106 1,945,020 -8.45%
March 3,205,683 1,081,101 3,008,075 -6.16%
April 4,273,939 1,068,256 4,001,453 -6.38%
May 5,343,112 1,069,173 5,133,192 -3.93%
June 6,485,757 1,142,645 6,213,167 -4.20%
July 7,617,755 1,131,998 7,213,970 -5.30%
August 8,655,540 1,037,785 8,195,392 -5.32%
September 9,742,848 1,087,308 9,281,623 -4.73%
October 10,941,535 1,198,687 10,432,886 -4.65%
November 12,276,193 1,334,658 11,791,103 -3.95%
December 13,493,696 1,217,503 13,528,817 0.26%
*The monthly budget forecast columns are based on a five-year average.
2022
City of Edmonds, WA
Monthly Expenditure Report-City Attorney
2022
City of Edmonds, WA
Monthly Expenditure Report-Police
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
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
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Police
Current Year Budget Prior Year
Item 2.2
Packet pg. 91/148
16
Development Services
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 301,594$ 301,594$ 309,139$ 2.50%
February 628,495 326,902 661,303 5.22%
March 953,236 324,740 909,669 -4.57%
April 1,301,588 348,352 1,157,411 -11.08%
May 1,648,900 347,313 1,419,912 -13.89%
June 1,986,500 337,599 1,678,976 -15.48%
July 2,342,855 356,356 1,985,079 -15.27%
August 2,685,584 342,728 2,289,744 -14.74%
September 3,028,935 343,351 2,622,604 -13.41%
October 3,367,613 338,678 3,009,709 -10.63%
November 3,769,741 402,128 3,387,809 -10.13%
December 4,201,739 431,998 3,760,467 -10.50%
Parks & Recreation
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 378,172$ 378,172$ 319,222$ -15.59%
February 790,028 411,856 651,988 -17.47%
March 1,200,048 410,020 1,040,803 -13.27%
April 1,621,350 421,302 1,354,932 -16.43%
May 2,050,013 428,663 1,709,318 -16.62%
June 2,502,884 452,871 2,119,385 -15.32%
July 2,994,255 491,371 2,564,042 -14.37%
August 3,535,273 541,018 3,003,579 -15.04%
September 4,088,892 553,619 3,429,154 -16.13%
October 4,532,789 443,897 3,830,200 -15.50%
November 4,953,740 420,951 4,349,263 -12.20%
December 5,413,359 459,619 4,858,211 -10.26%
*The monthly budget forecast columns are based on a five-year average.
2022
City of Edmonds, WA
Monthly Expenditure Report-Development Services
2022
City of Edmonds, WA
Monthly Expenditure Report-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
Development Services
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
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Parks & Recreation
Current Year Budget Prior Year
Item 2.2
Packet pg. 92/148
17
Public Works Administration
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 52,776$ 52,776$ 22,716$ -56.96%
February 106,761 53,985 46,637 -56.32%
March 160,213 53,452 71,242 -55.53%
April 215,372 55,160 94,556 -56.10%
May 269,309 53,936 117,239 -56.47%
June 324,180 54,872 140,684 -56.60%
July 379,480 55,300 163,431 -56.93%
August 432,597 53,117 186,004 -57.00%
September 485,623 53,026 204,884 -57.81%
October 537,916 52,292 257,124 -52.20%
November 605,386 67,470 333,245 -44.95%
December 655,198 49,812 391,636 -40.23%
Facilities Maintenance
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 220,902$ 220,902$ 109,202$ -50.57%
February 459,667 238,765 369,398 -19.64%
March 728,606 268,938 562,089 -22.85%
April 971,046 242,441 782,173 -19.45%
May 1,215,583 244,537 942,003 -22.51%
June 1,415,123 199,540 1,081,995 -23.54%
July 1,659,801 244,678 1,236,300 -25.52%
August 1,949,013 289,212 1,457,804 -25.20%
September 2,288,332 339,319 1,693,627 -25.99%
October 2,675,313 386,981 1,910,071 -28.60%
November 2,983,897 308,585 2,177,230 -27.03%
December 3,450,275 466,378 2,496,194 -27.65%
*The monthly budget forecast columns are based on a five-year average.
2022
City of Edmonds, WA
Monthly Expenditure Report-Public Works Administration
2022
City of Edmonds, WA
Monthly Expenditure Report-Facilities Maintenance
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Public Works Administration
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
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Facilities Maintenance
Current Year Budget Prior Year
Item 2.2
Packet pg. 93/148
18
Engineering
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
January 236,594$ 236,594$ 226,829$ -4.13%
February 475,072 238,478 457,182 -3.77%
March 717,421 242,349 685,977 -4.38%
April 962,709 245,288 914,235 -5.04%
May 1,232,312 269,603 1,140,813 -7.42%
June 1,481,385 249,073 1,368,545 -7.62%
July 1,741,650 260,265 1,597,752 -8.26%
August 1,992,647 250,997 1,829,565 -8.18%
September 2,235,747 243,100 2,059,840 -7.87%
October 2,481,946 246,199 2,301,709 -7.26%
November 2,729,495 247,549 2,664,254 -2.39%
December 2,984,053 254,558 2,914,834 -2.32%
*The monthly budget forecast columns are based on a five-year average.
City of Edmonds, WA
Monthly Expenditure Report-Engineering
2022
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Engineering
Current Year Budget Prior Year
Item 2.2
Packet pg. 94/148
19
Page 1 of 1
Fund
No.Title
2022 Amended
Budget
12/31/2021
Revenues
12/31/2022
Revenues
Amount
Remaining % Received
001 GENERAL FUND 44,986,484$ 44,520,712$ 45,181,344$ (194,860)$ 100%
009 LEOFF-MEDICAL INS. RESERVE 225,000 - 225,000 - 100%
011 RISK MANAGEMENT RESERVE FUND - 25,000 - - 0%
014 HISTORIC PRESERVATION GIFT FUND - 5,000 - - 0%
016 BUILDING MAINTENANCE FUND 119,645 4,440,411 55,951 63,694 47%
017 MARSH RESTORATION & PRESERVATION FUND - 150 1,150 (1,150) 0%
018 EDMONDS HOMELESSNESS RESPONSE FUND 200,000 - 200,000 - 100%
104 DRUG ENFORCEMENT FUND 167,210 1,760 1,439 165,771 1%
111 STREET FUND 1,751,930 1,895,007 1,805,203 (53,273) 103%
112 COMBINED STREET CONST/IMPROVE 1 13,684,871 2,199,085 4,289,379 9,395,492 31%
117 MUNICIPAL ARTS ACQUIS. FUND 216,701 60,724 136,936 79,765 63%
118 MEMORIAL STREET TREE - 406 - - 0%
120 HOTEL/MOTEL TAX REVENUE FUND 84,410 82,618 120,619 (36,209) 143%
121 EMPLOYEE PARKING PERMIT FUND 26,540 21,998 27,423 (883) 103%
122 YOUTH SCHOLARSHIP FUND 1,550 822 1,904 (354) 123%
123 TOURISM PROMOTIONAL FUND/ARTS 29,590 29,029 41,726 (12,136) 141%
125 REAL ESTATE EXCISE TAX 2 2 2,271,020 2,696,349 2,026,204 244,816 89%
126 REAL ESTATE EXCISE TAX 1 2 2,261,030 2,685,633 2,021,471 239,559 89%
127 GIFTS CATALOG FUND 3 82,750 62,385 3,012,757 (2,930,007) 3641%
130 CEMETERY MAINTENANCE/IMPROVEMT 182,430 259,944 223,577 (41,147) 123%
136 PARKS TRUST FUND 4,330 3,943 3,283 1,047 76%
137 CEMETERY MAINTENANCE TRUST FD 43,520 49,471 41,700 1,820 96%
138 SISTER CITY COMMISSION 10,290 5,267 5,327 4,963 52%
140 BUSINESS IMPROVEMENT DISTRICT 79,349 76,648 91,918 (12,569) 116%
141 AFFORDABLE AND SUPPORTIVE HOUSING FUND 65,000 80,276 74,906 (9,906) 115%
142 EDMONDS RESCUE PLAN FUND 3,895,663 5,849,584 640,170 3,255,493 16%
143 TREE FUND 215,330 20,632 216,163 (833) 100%
231 2012 LT GO DEBT SERVICE FUND 611,370 3,047,054 311,184 300,186 51%
332 PARKS CAPITAL CONSTRUCTION FUND 4,272,685 2,090,626 2,042,007 2,230,678 48%
421 WATER UTILITY FUND 4 11,018,136 15,445,187 10,811,600 206,536 98%
422 STORM UTILITY FUND 5 7,877,897 8,980,228 6,647,232 1,230,665 84%
423 SEWER/WWTP UTILITY FUND 6 26,095,636 27,049,661 17,794,398 8,301,238 68%
424 BOND RESERVE FUND 1,988,700 1,985,845 1,997,858 (9,158) 100%
511 EQUIPMENT RENTAL FUND 2,090,920 1,505,087 1,843,252 247,668 88%
512 TECHNOLOGY RENTAL FUND 1,553,180 1,222,914 1,285,355 267,825 83%
126,113,167$ 126,399,458$ 103,178,437$ 22,934,730$ 82%
CITY OF EDMONDS
REVENUES BY FUND - SUMMARY
5 2022 Utility Rate Increases are 4.5% for Water, 5% for Sewer, and 9.5% for Storm Drain.
2 REET revenues are down a total of $(1,345,970) from this point in time last year.
4 Differences primarily due to bond refunding in November 2021.
6 Differences due primarily to WWTP partner bilings in 2021.
1 Differences due to Grant reimbursement received in 2022 for 2021, as well as a large Traffic Impact fee in March 2022.
3 Differences due to a large donation received in June of 2022.
Item 2.2
Packet pg. 95/148
20
Page 1 of 1
Fund
No.Title
2022 Amended
Budget
12/31/2021
Expenditures
12/31/2022
Expenditures
Amount
Remaining % Spent
001 GENERAL FUND 54,139,849$ 42,193,014$ 48,516,420$ 5,623,429$ 90%
009 LEOFF-MEDICAL INS. RESERVE 260,490 281,959 247,402 13,088 95%
011 RISK MANANGEMENT RESERVE FUND 25,000 - - 25,000 0%
014 HISTORIC PRESERVATION GIFT FUND 5,900 5,767 4,721 1,179 80%
016 BUILDING MAINTENANCE FUND 545,000 250,632 17,074 527,926 3%
017 MARSH RESTORATION & PRESERVATION FUND - 16,149 - - 0%
018 EDMONDS HOMELESSNESS RESPONSE FUND 200,000 123,581 - 200,000 0%
019 EDMONDS OPIOID RESPONSE FUND - 28,445 - - 0%
104 DRUG ENFORCEMENT FUND 45,800 - 6,291 39,509 14%
111 STREET FUND 2,315,780 2,063,126 2,155,590 160,190 93%
112 COMBINED STREET CONST/IMPROVE 12,868,796 2,455,569 5,354,622 7,514,174 42%
117 MUNICIPAL ARTS ACQUIS. FUND 195,380 86,505 125,445 69,935 64%
118 MEMORIAL STREET TREE - 20,487 - - 0%
120 HOTEL/MOTEL TAX REVENUE FUND 100,900 84,111 111,715 (10,815) 111%
121 EMPLOYEE PARKING PERMIT FUND 26,880 26,356 25,830 1,050 96%
122 YOUTH SCHOLARSHIP FUND 3,000 225 322 2,678 11%
123 TOURISM PROMOTIONAL FUND/ARTS 28,200 14,621 18,487 9,713 66%
125 REAL ESTATE EXCISE TAX 2 4,589,688 854,462 2,745,445 1,844,243 60%
126 REAL ESTATE EXCISE TAX 1 2,483,667 1,416,700 1,148,788 1,334,879 46%
127 GIFTS CATALOG FUND 138,400 55,333 109,969 28,431 79%
130 CEMETERY MAINTENANCE/IMPROVEMT 220,561 196,031 210,167 10,394 95%
136 PARKS TRUST FUND 50,000 - 3,804 46,196 8%
137 CEMETERY MAINTENANCE TRUST FUND 25,000 19,211 - 25,000 0%
138 SISTER CITY COMMISSION 11,900 - 70 11,830 1%
140 BUSINESS IMPROVEMENT DISTRICT 87,680 66,669 80,651 7,029 92%
142 EDMONDS RESCUE PLAN FUND 5,116,606 1,077,204 1,027,076 4,089,530 20%
143 TREE FUND 214,800 - - 214,800 0%
231 2012 LT GO DEBT SERVICE FUND 611,370 3,047,054 311,184 300,186 51%
332 PARKS CAPITAL CONSTRUCTION FUND 8,064,418 3,688,382 6,371,883 1,692,535 79%
421 WATER UTILITY FUND 11,495,988 14,101,006 8,126,560 3,369,428 71%
422 STORM UTILITY FUND 9,633,496 7,679,979 7,027,281 2,606,215 73%
423 SEWER/WWTP UTILITY FUND 31,353,823 30,745,487 18,819,933 12,533,890 60%
424 BOND RESERVE FUND 1,988,710 1,985,834 1,988,684 26 100%
511 EQUIPMENT RENTAL FUND 2,230,371 764,786 1,483,163 747,208 66%
512 TECHNOLOGY RENTAL FUND 1,992,312 1,061,528 1,547,277 445,035 78%
617 FIREMEN'S PENSION FUND - 135,115 - - 0%
151,069,765$ 114,545,327$ 107,585,855$ 43,483,910$ 71%
CITY OF EDMONDS
EXPENDITURES BY FUND - SUMMARY
Item 2.2
Packet pg. 96/148
21
Page 1 of 3
Title
2022 Amended
Budget
12/31/2021
Revenues
12/31/2022
Revenues
Amount
Remaining % Received
TAXES:1 REAL PERSONAL / PROPERTY TAX 11,127,000$ 10,616,459$ 10,615,296$ 511,704$ 95%
2 EMS PROPERTY TAX 4,278,000 4,186,860 4,228,289 49,711 99%
3 VOTED PROPERTY TAX 500 4 67 433 13%
4 LOCAL RETAIL SALES/USE TAX 7 10,000,000 10,302,518 11,257,927 (1,257,927) 113%
5 NATURAL GAS USE TAX 7,600 12,176 18,166 (10,566) 239%
6 1/10 SALES TAX LOCAL CRIM JUST 870,000 956,081 1,037,663 (167,663) 119%
7 ELECTRIC UTILITY TAX 1,410,000 1,687,180 1,716,131 (306,131) 122%
8 GAS UTILITY TAX 595,000 683,675 768,250 (173,250) 129%
9 SOLID WASTE UTILITY TAX 284,000 376,843 384,011 (100,011) 135%
10 WATER UTILITY TAX 953,000 929,859 930,784 22,216 98%
11 SEWER UTILITY TAX 894,600 908,165 882,079 12,521 99%
12 STORMWATER UTILITY TAX 471,900 526,870 581,581 (109,681) 123%
13 T.V. CABLE UTILITY TAX 792,000 814,766 826,116 (34,116) 104%
14 TELEPHONE UTILITY TAX 523,000 534,819 494,489 28,511 95%
15 PULLTABS TAX 55,200 80,658 75,083 (19,883) 136%
16 AMUSEMENT GAMES 350 279 - 350 0%
17 LEASEHOLD EXCISE TAX 306,000 290,058 313,139 (7,139) 102%
32,568,150 32,907,270 34,129,072 (1,560,922) 105%
LICENSES AND PERMITS:
18 FIRE PERMITS-SPECIAL USE 250 650 450 (200) 180%
19 POLICE - FINGERPRINTING 700 - 320 380 46%
20 VENDING MACHINE/CONCESSION 40,000 64,249 84,172 (44,172) 210%
21 FRANCHISE AGREEMENT-COMCAST 702,700 676,727 696,556 6,144 99%
22 FRANCHISE FEE-EDUCATION/GOVERNMENT 41,000 37,705 35,189 5,811 86%
23 FRANCHISE AGREEMENT-ZIPLY FIBER 100,600 60,110 45,854 54,746 46%
24 OLYMPIC VIEW WATER DISTRICT FRANCHISE 384,000 403,280 434,655 (50,655) 113%
25 GENERAL BUSINESS LICENSE 250,000 241,324 235,256 14,744 94%
26 DEV SERV PERMIT SURCHARGE 63,000 91,665 99,970 (36,970) 159%
27 RIGHT OF WAY FRANCHISE FEE 30,000 21,529 30,173 (173) 101%28 BUILDING STRUCTURE PERMITS 650,600 691,905 769,928 (119,328) 118%
29 ANIMAL LICENSES 24,000 18,460 20,483 3,517 85%
30 STREET AND CURB PERMIT 55,000 118,580 95,083 (40,083) 173%
31 OTR NON-BUS LIC/PERMITS 20,000 - 20,200 (200) 101%
32 SPECIAL EVENT REVIEW - 18,167 75 (75) 0%
2,361,850 2,444,352 2,568,363 (206,513) 109%
INTERGOVERNMENTAL:
33 DOJ 15-0404-0-1-754 - BULLET PROOF VEST 9,000 6,464 5,237 3,763 58%
34 WA ASSOC OF SHERRIF'S TRAFFIC GRANT - - 992 (992) 0%
35 HIGH VISIBILITY ENFORCEMENT 11,100 916 5,725 5,375 52%
36 CORONAVIRUS RELIEF FUND 116,276 134,441 71,185 45,091 61%
37 CORONAVIRUS RELIEF FUND 2 - 3,947 - - 0%
38 WA STATE TRAFFIC COMM GRANT - 9,777 307 (307) 0%
39 WASHINGTON STATE ARTS COMMISSION - - 2,000 (2,000) 0%
40 DOC FAC ROOFING - 379,270 - - 0%
41 STATE GRANTS - BUDGET ONLY 335,500 - - 335,500 0%
42 WA STATE HISTORICAL SOCIETY GRANT 71,780 - - 0%
43 WA STATE ART COMMISSION 2021-003-CD - 6,000 - - 0%
44 2022-2023 BIENNUM ONE-TIME ALLOCATION 168,950 - - 0%
45 PUD PRIVILEDGE TAX 210,500 208,112 214,277 (3,777) 102%
46 TRIAL COURT IMPROVEMENT 16,740 16,140 21,550 (4,810) 129%
47 CJ - POPULATION 13,070 13,962 14,744 (1,674) 113%
48 CRIMINAL JUSTICE-SPECIAL PROGRAMS 45,600 49,717 52,278 (6,678) 115%
49 MARIJUANA EXCISE TAX DISTRIBUTION 60,000 85,233 109,364 (49,364) 182%
50 DUI - CITIES 4,500 6,950 4,913 (413) 109%
51 FIRE INS PREMIUM TAX - 53,334 56,744 (56,744) 0%
52 LIQUOR EXCISE TAX 261,500 297,159 303,313 (41,813) 116%
53 LIQUOR BOARD PROFITS 343,200 335,549 332,720 10,480 97%
54 MISCELLANEOUS INTERLOCAL REVENUE - 13,780 (13,780) 0%
55 INTERLOCAL GRANTS - 66,520 84,506 (84,506) 0%
56 FIRST RESPONDERS FLEX FUND 1,000 522 1,693 (693) 169%
57 DISCOVERY PROGRAMS TECHNOLOGY ACQ.550 - - 550 0%
58 VERDANT INTERLOCAL GRANTS - 66,000 - - 0%
59 AWC - SEEK FUND - - 63,757 (63,757) 0%
1,428,536 1,980,743 1,359,083 69,453 95%
CITY OF EDMONDS
REVENUES - GENERAL FUND
7 2022 Local Retail Sales/Use Tax revenues are $955,409 higher than 2021 revenues. Please also see pages pages 5 & 6 .
Item 2.2
Packet pg. 97/148
22
Page 2 of 3
Title
2022 Amended
Budget
12/31/2021
Revenues
12/31/2022
Revenues
Amount
Remaining % Received
CHARGES FOR GOODS AND SERVICES:
1 RECORD/LEGAL INSTRUMENTS 3,000$ 4,418$ 5,943$ (2,943)$ 198%
2 ATM SURCHARGE FEES 600 282 310 290 52%
3 CREDIT CARD FEES 11,000 4,454 441 10,559 4%
4 MUNICIPAL COURT CIVIL FILINGS - - 22 (22) 0%
5 COURT RECORD SERVICES 150 3 1 149 1%
6 D/M COURT REC SER 300 - - 300 0%
7 DRE REIMBURSEABLE - 168 - - 0%
8 WARRANT PREPARATION FEE 4,000 98 98 3,902 2%
9 IT TIME PAY FEE 1,000 474 81 920 8%
10 MUNIC.-DIST. COURT CURR EXPEN 50 232 172 (122) 343%
11 SALE MAPS & BOOKS 100 - - 100 0%
12 CLERKS TIME FOR SALE OF PARKING PERMITS 25,000 25,090 25,090 (90) 100%
13 BID SUPPLIES REIMBURSEMENT 600 598 - 600 0%
14 PHOTOCOPIES 1,000 179 78 922 8%
15 POLICE DISCLOSURE REQUESTS 5,000 - - 5,000 0%
16 ENGINEERING FEES AND CHARGES 180,000 212,870 220,228 (40,228) 122%
17 ELECTION CANDIDATE FILING FEES 1,400 - 2,885 (1,485) 206%
18 CUSTODIAL SERVICES (SNO-ISLE)85,000 71,462 80,443 4,557 95%
19 PASSPORTS AND NATURALIZATION FEES 10,000 420 4,518 5,482 45%
20 POLICE SERVICES SPECIAL EVENTS 30,000 18,118 17,188 12,812 57%
21 CAMPUS SAFETY-EDM. SCH. DIST.14,000 11,139 14,358 (358) 103%
22 WOODWAY-LAW PROTECTION 210,970 257,567 171,940 39,030 81%
23 MISCELLANEOUS POLICE SERVICES - 55 25 (25) 0%
24 FIRE DISTRICT #1 STATION BILLINGS 57,000 57,132 62,047 (5,047) 109%
25 LEGAL SERVICES 1,050 592 902 148 86%
26 ADULT PROBATION SERVICE CHARGE 38,000 27,639 18,704 19,296 49%
27 BOOKING FEES 3,000 823 539 2,461 18%
28 FIRE CONSTRUCTION INSPECTION FEES 10,000 34,720 32,382 (22,382) 324%
29 EMERGENCY SERVICE FEES 3,500 2,020 1,177 2,323 34%
30 EMS TRANSPORT USER FEE 1,007,500 886,447 1,031,623 (24,123) 102%
31 FLEX FUEL PAYMENTS FROM STATIONS 2,500 3,678 4,641 (2,141) 186%
32 ANIMAL CONTROL SHELTER 100 - 100 - 100%
33 ZONING/SUBDIVISION FEE 65,600 106,233 98,491 (32,891) 150%34 PLAN CHECKING FEES 592,000 567,550 447,807 144,193 76%
35 FIRE PLAN CHECK FEES 4,000 15,607 22,438 (18,438) 561%
36 PLANNING 1% INSPECTION FEE 500 158 110 390 22%
37 S.E.P.A. REVIEW 3,000 5,180 6,935 (3,935) 231%
38 CRITICAL AREA STUDY 14,000 17,600 15,435 (1,435) 110%
39 GYM AND WEIGHTROOM FEES 13,000 91 3,881 9,119 30%
40 PROGRAM FEES 1,011,580 460,728 641,314 370,266 63%
41 TAXABLE RECREATION ACTIVITIES 1,300 - - 1,300 0%
42 HOLIDAY MARKET REGISTRATION FEES 5,000 16,670 16,375 (11,375) 328%
43 UPTOWN EVENING MARKET FEES - 2,660 4,505 (4,505) 0%
44 WINTER MARKET FEES - 420 9,210 (9,210) 0%
45 BIRD FEST REGISTRATION FEES 1,000 680 855 145 86%
46 INTERFUND REIMBURSEMENT-CONTRACT SVCS 4,011,558 3,120,735 3,318,122 693,436 83%
7,428,358 5,934,990 6,281,412 1,146,946 85%
CITY OF EDMONDS
REVENUES - GENERAL FUND
Item 2.2
Packet pg. 98/148
23
Page 3 of 3
Title
2022 Amended
Budget
12/31/2021
Revenues
12/31/2022
Revenues
Amount
Remaining % Received
FINES AND PENALTIES:
1 PROOF OF VEHICLE INS PENALTY 2,000$ 2,459$ 1,689$ 311$ 84%
2 TRAFFIC INFRACTION PENALTIES 230,000 153,146 87,706 142,294 38%
3 NC TRAFFIC INFRACTION 18,000 9,604 3,480 14,521 19%
4 CRT COST FEE CODE LEG ASSESSMENT (LGA)10,000 11,327 6,239 3,761 62%
5 NON-TRAFFIC INFRACTION PENALTIES 1,000 7,903 - 1,000 0%
6 OTHER INFRACTIONS '04 1,500 1,663 961 539 64%
7 PARKING INFRACTION PENALTIES 100,000 44,812 41,301 58,699 41%
8 PARK/INDDISZONE 2,000 475 795 1,206 40%
9 DWI PENALTIES 7,000 6,604 3,837 3,163 55%
10 DUI - DP ACCT 300 75 154 146 51%
11 CRIM CNV FEE DUI 100 67 26 74 26%
12 DUI - DP FEE 1,500 1,686 1,609 (109) 107%
13 CRIMINAL TRAFFIC MISDEMEANOR 8/03 25,000 14,078 9,683 15,317 39%
14 CRIMINAL CONVICTION FEE CT 2,000 1,853 1,592 408 80%
15 CRIM CONV FEE CT 700 102 103 597 15%
16 OTHER NON-TRAF MISDEMEANOR PEN 100 12 - 100 0%
17 OTHER NON TRAFFIC MISD. 8/03 10,000 2,242 14,811 (4,811) 148%
18 COURT DV PENALTY ASSESSMENT 800 605 34 766 4%
19 CRIMINAL CONVICTION FEE CN 1,000 320 340 660 34%
20 CRIM CONV FEE CN 200 93 - 200 0%
21 PUBLIC DEFENSE RECOUPMENT 8,000 4,748 3,131 4,869 39%
22 BANK CHARGE FOR CONV. DEFENDANT 14,000 6,976 4,612 9,388 33%
23 COURT COST RECOUPMENT 3,000 1,265 593 2,407 20%
24 BUS. LICENSE PERMIT PENALTY 10,100 - 188 9,913 2%
25 MISC FINES AND PENALTIES 150 187 - 150 0%
448,450 272,301 182,881 265,569 41%
MISCELLANEOUS:
26 INVESTMENT INTEREST 270,390 214,711 223,497 46,893 83%
27 INTEREST ON COUNTY TAXES 13,340 7,014 22,845 (9,505) 171%
28 INTEREST - COURT COLLECTIONS 10,180 7,939 4,177 6,003 41%
29 LOAN INTEREST - 10,696 15,494 (15,494) 0%
30 SPACE/FACILITIES RENTALS 153,000 87,573 135,168 17,832 88%
31 BRACKET ROOM RENTAL 2,100 - - 2,100 0%
32 LEASES LONG-TERM 205,000 184,327 206,212 (1,212) 101%
33 DONATION/CONTRIBUTION 2,500 225 1,276 1,224 51%
34 PARKS DONATIONS 3,500 750 5,050 (1,550) 144%
35 BIRD FEST CONTRIBUTIONS 1,500 2,010 2,070 (570) 138%
36 POLICE CONTRIBUTIONS FROM PRIV SOURCES 5,000 3,503 249 4,751 5%
37 SALE OF JUNK/SALVAGE 300 859 398 (98) 133%
38 SALES OF UNCLAIM PROPERTY 3,800 7,286 4,269 (469) 112%
39 CONFISCATED AND FORFEITED PROPERTY 2,000 - - 2,000 0%
40 OTHER JUDGEMENT/SETTLEMENT 2,000 3,444 - 2,000 0%
41 POLICE JUDGMENTS/RESTITUTION 200 773 734 (534) 367%
42 CASHIERS OVERAGES/SHORTAGES - 31 308 (308) 0%
43 OTHER MISC REVENUES 41,180 5,584 (5,402) 46,582 -13%
44 SMALL OVERPAYMENT 100 88 49 51 49%
45 NSF FEES - PARKS & REC 100 90 30 70 30%
46 NSF FEES - MUNICIPAL COURT 150 - 60 90 40%
47 NSF FEES - POLICE - 30 - - 0%
48 NSF FEES - DEVELOPMENT SERVICES - - 180 (180) 0%
49 L&I STAY AT WORK PROGRAM - 7,893 6,527 (6,527) 0%
50 US BANK REBATE 8,500 11,069 11,043 (2,543) 130%
724,840 555,893 634,233 90,607 87%
TRANSFERS-IN:
51 OPERATING TRANSFER IN - 275,283 - - 0%
52 INTERFUND TRANSFER FROM FUND 018 - 123,581 - - 0%
53 TRANSFER FROM FUND 127 26,300 26,300 26,300 - 100%26,300 425,164 26,300 - 100%
TOTAL GENERAL FUND REVENUE 44,986,484$ 44,520,712$ 45,181,344$ (194,860)$ 100%
CITY OF EDMONDS
REVENUES - GENERAL FUND
Item 2.2
Packet pg. 99/148
24
Page 1 of 6
Title
2022 Amended
Budget
12/31/2021
Expenditures
12/31/2022
Expenditures
Amount
Remaining % Spent
GENERAL FUND EXPENDITURES (001)
1 SALARIES AND WAGES 20,196,173$ 16,991,634$ 18,508,918$ 1,687,255$ 92%
2 OVERTIME 606,080 718,120 1,067,129 (461,049) 176%
3 HOLIDAY BUY BACK 294,001 209,640 233,490 60,511 79%
4 BENEFITS 7,026,519 6,206,951 6,660,671 365,848 95%
5 UNIFORMS 119,151 86,641 108,323 10,828 91%
6 PENSION AND DISABILITY PAYMENTS 70,944 - 86,137 (15,193) 121%
7 SUPPLIES 481,165 456,733 479,223 1,942 100%
8 FUEL CONSUMED - 215 - - 0%
9 SMALL EQUIPMENT 208,019 261,632 428,087 (220,068) 206%
10 PROFESSIONAL SERVICES 17,941,649 12,300,222 14,421,386 3,520,263 80%
11 COMMUNICATIONS 173,735 208,577 179,562 (5,827) 103%
12 TRAVEL 81,155 39,797 56,036 25,119 69%
13 EXCISE TAXES 16,500 24,952 29,191 (12,691) 177%
14 RENTAL/LEASE 2,124,784 1,535,210 2,033,286 91,498 96%
15 INSURANCE 503,161 405,121 503,160 1 100%
16 UTILITIES 529,462 559,529 627,902 (98,440) 119%
17 REPAIRS & MAINTENANCE 1,087,400 867,659 587,214 500,186 54%
18 MISCELLANEOUS 645,523 413,249 555,147 90,376 86%
19 INTERGOVERNMENTAL PAYMENTS 50,000 50,000 50,000 - 100%
20 INTERFUND SUBSIDIES 1,385,000 657,870 885,000 500,000 64%
21 BUILDINGS - - 81,116 (81,116) 0%
22 MACHINERY/EQUIPMENT - 139,033 613,454 (613,454) 0%
23 CONSTRUCTION PROJECTS 270,180 - - 270,180 0%
24 GENERAL OBLIGATION BOND PRINCIPAL 55,170 54,529 180,164 (124,994) 327%
25 INTEREST ON LONG-TERM EXTERNAL DEBT 4,790 5,699 141,613 (136,823) 2956%
26 DEBT ISSUE COSTS 268,788 - - 268,788 0%
27 OTHER INTEREST & DEBT SERVICE COSTS 500 - 212 288 42%54,139,849$ 42,193,014$ 48,516,420$ 5,623,429$ 90%
LEOFF-MEDICAL INS. RESERVE (009)
28 BENEFITS -$ 150,500$ 135,622$ (135,622)$ 0%
29 PENSION AND DISABILITY PAYMENTS 252,990 114,459 97,591 155,399 39%
30 PROFESSIONAL SERVICES 7,000 17,000 13,704 (6,704) 196%
31 MISCELLANEOUS 500 - 485 15 97%
260,490$ 281,959$ 247,402$ 13,088$ 95%
RISK MANAGEMENT RESERVE FUND (011)
32 MISCELLANEOUS 25,000$ -$ -$ 25,000$ 0%25,000 - - 25,000 0%
HISTORIC PRESERVATION GIFT FUND (014)
33 SUPPLIES 100$ -$ -$ 100$ 0%
34 PROFESSIONAL SERVICES 200 - - 200 0%
35 MISCELLANEOUS 5,600 5,767 4,721 879 84%5,900$ 5,767$ 4,721$ 1,179$ 80%
BUILDING MAINTENANCE FUND (016)
36 PROFESSIONAL SERVICES 195,000$ -$ 450$ 194,550$ 0%
37 REPAIR & MAINTENANCE 150,000 - 16,072 133,928 11%
38 INTERFUND SUBSIDIES - 210,221 - - 0%
39 MACHINERY/EQUIPMENT 90,000 - 552 89,448 1%
40 CONSTRUCTION PROJECTS 110,000 - - 110,000 0%
41 DEBT ISSUE COSTS - 40,411 - - 0%
545,000$ 250,632$ 17,074$ 527,926$ 3%
MARSH RESTORATION & PRESERVATION (017)
42 PROFESSIONAL SERVICES -$ 16,149$ -$ -$ 0%
-$ 16,149$ -$ -$ 0%
EDMONDS HOMELESSNESS RESPONSE FUND (018)
43 PROFESSIONAL SERVICES 200,000$ -$ -$ 200,000$ 0%
44 INTERFUND SUBSIDIES - 123,581 - - 0%
200,000$ 123,581$ -$ 200,000$ 0%
EDMONDS OPIOID RESPONSE FUND (019)
45 INTERFUND SUBSIDIES -$ 28,445$ -$ -$ 0%
-$ 28,445$ -$ -$ 0%
DRUG ENFORCEMENT FUND (104)
46 PROFESSIONAL SERVICES 45,000$ -$ -$ 45,000$ 0%
47 REPAIR/MAINT 800 - - 800 0%
48 MACHINERY/EQUIPMENT - - 6,291 (6,291) 0%
45,800$ -$ 6,291$ 39,509$ 14%
EXPENDITURES BY FUND - DETAIL
CITY OF EDMONDS
Item 2.2
Packet pg. 100/148
25
Page 2 of 6
Title
2022 Amended
Budget
12/31/2021
Expenditures
12/31/2022
Expenditures
Amount
Remaining % Spent
STREET FUND (111)
1 SALARIES AND WAGES 749,110$ 706,903$ 693,766$ 55,344$ 93%
2 OVERTIME 38,400 66,900 56,047 (17,647) 146%
3 BENEFITS 347,919 354,366 342,596 5,323 98%
4 UNIFORMS 6,000 5,432 5,212 788 87%
5 SUPPLIES 263,000 166,810 214,299 48,701 81%
6 SMALL EQUIPMENT 20,000 3,565 3,925 16,075 20%
7 PROFESSIONAL SERVICES 23,210 9,383 20,410 2,800 88%
8 COMMUNICATIONS 4,500 6,878 7,077 (2,577) 157%
9 TRAVEL 1,000 - - 1,000 0%
10 RENTAL/LEASE 290,150 247,814 290,729 (579) 100%
11 INSURANCE 184,111 148,533 184,111 0 100%
12 UTILITIES 273,730 267,364 262,744 10,986 96%
13 REPAIRS & MAINTENANCE 72,000 62,125 44,890 27,110 62%
14 MISCELLANEOUS 8,000 12,399 3,771 4,229 47%
15 MACHINERY/EQUIPMENT 30,000 - 21,382 8,618 71%
16 GENERAL OBLIGATION BOND PRINCIPAL 4,270 4,214 4,263 7 100%
17 INTEREST 380 440 370 10 97%
2,315,780$ 2,063,126$ 2,155,590$ 160,190$ 93%
COMBINED STREET CONST/IMPROVE (112)
18 PROFESSIONAL SERVICES 3,159,560$ 1,470,335$ 2,002,403$ 1,157,157$ 63%
19 REPAIR & MAINTENANCE 1,508,270 160,087 288,369 1,219,901 19%
20 INTERFUND SUBSIDIES 108,975 62,743 39,728 69,247 36%
21 LAND - 3,836 83,013 (83,013) 0%
22 CONSTRUCTION PROJECTS 8,018,521 684,775 2,867,677 5,150,844 36%
23 INTERGOVERNMENTAL LOANS 72,220 72,201 72,201 19 100%
24 INTEREST 1,250 1,591 1,230 20 98%
12,868,796$ 2,455,569$ 5,354,622$ 7,514,174$ 42%
MUNICIPAL ARTS ACQUIS. FUND (117)
25 SUPPLIES 4,700$ 2,144$ 2,034$ 2,666$ 43%
26 SMALL EQUIPMENT 1,700 - - 1,700 0%
27 PROFESSIONAL SERVICES 180,000 80,588 120,329 59,671 67%
28 TRAVEL 80 - - 80 0%
29 RENTAL/LEASE 2,000 - - 2,000 0%
30 REPAIRS & MAINTENANCE 300 - - 300 0%
31 MISCELLANEOUS 6,600 3,774 3,082 3,518 47%
195,380$ 86,505$ 125,445$ 69,935$ 64%
MEMORIAL STREET TREE FUND (118)
32 INTERFUND SUBSIDIES -$ 20,487$ -$ -$ 0%
-$ 20,487$ -$ -$ 0%
HOTEL/MOTEL TAX REVENUE FUND (120)
33 PROFESSIONAL SERVICES 95,900$ 80,111$ 107,715$ (11,815)$ 112%
34 MISCELLANEOUS 1,000 - - 1,000 0%
35 INTERFUND SUBSIDIES 4,000 4,000 4,000 - 100%
100,900$ 84,111$ 111,715$ (10,815)$ 111%
EMPLOYEE PARKING PERMIT FUND (121)
36 SUPPLIES 1,790$ 1,266$ 740$ 1,050$ 41%
37 PROFESSIONAL SERVICES 25,090 25,090 25,090 - 100%
26,880$ 26,356$ 25,830$ 1,050$ 96%
YOUTH SCHOLARSHIP FUND (122)
38 SUPPLIES -$ -$ 322$ (322)$ 0%
39 MISCELLANEOUS 3,000 225 - 3,000 0%
3,000$ 225$ 322$ 2,678$ 11%
TOURISM PROMOTIONAL FUND/ARTS (123)
40 PROFESSIONAL SERVICES 28,200$ 14,621$ 18,487$ 9,713$ 66%
28,200$ 14,621$ 18,487$ 9,713$ 66%
CITY OF EDMONDS
EXPENDITURES BY FUND - DETAIL
Item 2.2
Packet pg. 101/148
26
Page 3 of 6
Title
2022 Amended
Budget
12/31/2021
Expenditures
12/31/2022
Expenditures
Amount
Remaining % Spent
REAL ESTATE EXCISE TAX 2 (125)
1 SUPPLIES 21,000$ 66,065$ 17,852$ 3,148$ 85%
2 PROFESSIONAL SERVICES 469,320 136,099 1,029,183 (559,863) 219%
3 REPAIRS & MAINTENANCE 668,258 265,601 196,512 471,746 29%
4 INTERFUND SUBSIDIES 2,534 - - 2,534 0%
5 CONSTRUCTION PROJECTS 3,428,576 386,697 1,501,898 1,926,678 44%
4,589,688$ 854,462$ 2,745,445$ 1,844,243$ 60%
REAL ESTATE EXCISE TAX 1 (126)
6 PROFESSIONAL SERVICES 673,827$ 398,138$ 609,660$ 64,167$ 90%
7 REPAIRS & MAINTENANCE 878,353 210,207 37,746 840,607 4%
8 INTERFUND SUBSIDIES 144,970 138,725 140,275 4,695 97%
9 LAND - 49,859 - - 0%
10 CONSTRUCTION PROJECTS 526,057 358,204 99,685 426,372 19%
11 GENERAL OBLIGATION BONDS 149,820 144,529 149,814 6 100%
12 INTEREST 110,640 117,039 110,629 11 100%
13 OTHER INTEREST & DEBT SERVICE COSTS - - 980 (980) 0%
2,483,667$ 1,416,700$ 1,148,788$ 1,334,879$ 46%
GIFTS CATALOG FUND (127)
14 SUPPLIES 105,000$ 29,033$ 83,495$ 21,505$ 80%
15 PROFESSIONAL SERVICES 6,500 - - 6,500 0%
16 MISCELLANEOUS 600 - 174 426 29%
17 INTERFUND SUBSIDIES 26,300 26,300 26,300 - 100%
138,400$ 55,333$ 109,969$ 28,431$ 79%
CEMETERY MAINTENANCE/IMPROVEMENT (130)
18 SALARIES AND WAGES 119,837$ 97,374$ 106,163$ 13,674$ 89%
19 OVERTIME 3,500 841 1,012 2,488 29%
20 BENEFITS 41,069 38,946 39,659 1,410 97%
21 UNIFORMS 1,000 490 - 1,000 0%
22 SUPPLIES 7,000 2,904 4,115 2,885 59%
23 SUPPLIES PURCHASED FOR INVENTORY/RESALE 20,000 27,786 25,008 (5,008) 125%
24 PROFESSIONAL SERVICES 4,200 1,445 1,695 2,505 40%
25 COMMUNICATIONS 1,700 1,683 1,724 (24) 101%
26 TRAVEL 500 - - 500 0%
27 RENTAL/LEASE 11,690 16,650 11,809 (119) 101%
28 UTILITIES 5,565 5,195 5,706 (141) 103%
29 REPAIRS & MAINTENANCE 500 - 3,536 (3,036) 707%
30 MISCELLANEOUS 4,000 2,717 9,741 (5,741) 244%
220,561$ 196,031$ 210,167$ 10,394$ 95%
PARKS TRUST FUND (136)
31 PROFESSIONAL SERVICES 50,000$ -$ 3,804$ 46,196$ 8%
50,000$ -$ 3,804$ 46,196$ 8%
CEMETERY MAINTENANCE TRUST FUND (137)
32 SMALL EQUIPMENT 25,000$ -$ -$ 25,000$ 0%
32 MACHINERY/EQUIPMENT - 19,211 - - 0%
25,000$ 19,211$ -$ 25,000$ 0%
SISTER CITY COMMISSION (138)
34 SUPPLIES 1,500$ -$ -$ 1,500$ 0%
35 TRAVEL 4,500 - - 4,500 0%
36 MISCELLANEOUS 5,900 - 70 5,830 1%
11,900$ -$ 70$ 11,830$ 1%
BUSINESS IMPROVEMENT DISTRICT FUND (140)
37 SUPPLIES 4,050$ 1,313$ 13,335$ (9,285)$ 329%
38 PROFESSIONAL SERVICES 77,535 61,823 64,701 12,834 83%
39 MISCELLANEOUS 6,095 3,533 2,615 3,480 43%
87,680$ 66,669$ 80,651$ 7,029$ 92%
EDMONDS RESCUE PLAN FUND (142)
40 PROFESSIONAL SERVICES 5,116,606$ 1,077,204$ 1,027,076$ 4,089,530$ 20%
5,116,606$ 1,077,204$ 1,027,076$ 4,089,530$ 20%
TREE FUND (143)
41 SUPPLIES 1,000$ -$ -$ 1,000$ 0%
42 PROFESSIONAL SERVICES 14,800 - - 14,800 0%
43 LAND 199,000 - - 199,000 0%
214,800$ -$ -$ 214,800$ 0%
2012 LTGO DEBT SERVIC FUND (231)
44 GENERAL OBLIGATION BOND 550,000$ 2,931,438$ 230,000$ 320,000$ 42%
45 INTEREST 61,370 55,161 80,704 (19,334) 132%
46 DEBT ISSUE COSTS - 60,455 - - 0%
47 OTHER INTEREST & DEBT SERVICE COSTS - - 481 (481) 0%
611,370$ 3,047,054$ 311,184$ 300,186$ 51%
CITY OF EDMONDS
EXPENDITURES BY FUND - DETAIL
Item 2.2
Packet pg. 102/148
27
Page 4 of 6
Title
2022 Amended
Budget
12/31/2021
Expenditures
12/31/2022
Expenditures
Amount
Remaining % Spent
PARKS CONSTRUCTION FUND (332)
1 PROFESSIONAL SERVICES 95,832$ 182,551$ 916,696$ (820,864)$ 957%
2 REPAIR & MAINTENANCE - 45,191 - - 0%
3 INTERFUND SUBSIDIES 63,000 - 62,656 344 99%
4 CONSTRUCTION PROJECTS 7,807,188 3,440,714 5,296,522 2,510,666 68%
5 GENERAL OBLIGATION BONDS - - 45,000 (45,000) 0%
6 INTEREST - - 51,009 (51,009) 0%
7 DEBT ISSUE COSTS 98,398 19,926 - 98,398 0%
8,064,418$ 3,688,382$ 6,371,883$ 1,692,535$ 79%
WATER FUND (421)
8 SALARIES AND WAGES 845,346$ 643,756$ 731,112$ 114,234$ 86%
9 OVERTIME 24,000 22,779 17,170 6,830 72%
10 BENEFITS 330,700 276,016 318,229 12,471 96%
11 UNIFORMS 4,000 3,559 3,560 440 89%
12 SUPPLIES 150,000 127,034 124,598 25,402 83%
13 WATER PURCHASED FOR RESALE 2,170,000 2,084,898 2,137,891 32,109 99%
14 SUPPLIES PURCHASED FOR INVENTORY/RESALE 170,000 179,256 151,916 18,084 89%
15 SMALL EQUIPMENT 11,000 4,437 3,796 7,204 35%
16 PROFESSIONAL SERVICES 2,237,439 1,185,709 1,364,200 873,239 61%
17 COMMUNICATIONS 30,000 30,795 33,979 (3,979) 113%
18 TRAVEL 200 - - 200 0%
19 EXCISE TAXES 1,649,700 1,440,800 1,437,913 211,787 87%
20 RENTAL/LEASE 153,740 124,791 149,838 3,902 97%
21 INSURANCE 122,359 98,196 122,359 (0) 100%
22 UTILITIES 35,000 33,755 37,023 (2,023) 106%
23 REPAIRS & MAINTENANCE 176,130 168,718 27,602 148,528 16%
24 MISCELLANEOUS 123,600 176,391 190,619 (67,019) 154%
25 INTERFUND SUBSIDIES 645,370 644,116 645,366 4 100%
26 MACHINERY/EQUIPMENT 10,000 - 10,044 (44) 100%
27 CONSTRUCTION PROJECTS 1,998,334 1,321,534 87,212 1,911,122 4%
28 GENERAL OBLIGATION BONDS 2,870 4,885,584 2,863 7 100%
29 REVENUE BONDS 399,780 385,096 297,779 102,001 74%
30 INTERGOVERNMENTAL LOANS 25,840 25,839 25,839 1 100%
31 INTEREST 180,580 196,440 204,784 (24,204) 113%
32 DEBT ISSUE COSTS - 41,507 - - 0%
33 OTHER INTEREST & DEBT SERVICE COSTS - - 868 (868) 0%
11,495,988$ 14,101,006$ 8,126,560$ 3,369,428$ 71%
STORM FUND (422)
34 SALARIES AND WAGES 745,324$ 671,440$ 750,851$ (5,527)$ 101%
35 OVERTIME 26,000 38,296 15,688 10,312 60%
36 BENEFITS 296,877 289,585 313,713 (16,836) 106%
37 UNIFORMS 6,500 7,784 7,388 (888) 114%
38 SUPPLIES 46,000 36,190 57,152 (11,152) 124%
39 SMALL EQUIPMENT 4,000 304 2,090 1,910 52%
40 PROFESSIONAL SERVICES 3,481,263 1,624,484 3,403,849 77,414 98%
41 COMMUNICATIONS 3,200 6,267 6,547 (3,347) 205%
42 TRAVEL 4,300 510 1,982 2,318 46%
43 EXCISE TAXES 470,100 613,142 676,148 (206,048) 144%
44 RENTAL/LEASE 267,847 263,357 262,799 5,048 98%
45 INSURANCE 82,335 66,228 82,335 (0) 100%
46 UTILITES 10,500 12,979 14,622 (4,122) 139%
47 REPAIR & MAINTENANCE 67,130 90,109 14,528 52,602 22%
48 MISCELLANEOUS 232,300 274,220 239,323 (7,023) 103%
49 INTERFUND SUBSIDIES 297,787 282,330 281,980 15,807 95%
50 CONSTRUCTION PROJECTS 3,137,333 590,386 470,152 2,667,181 15%
51 GENERAL OBLIGATION BONDS 104,540 2,439,746 104,539 1 100%
52 REVENUE BONDS 195,390 188,235 145,430 49,960 74%
53 INTERGOVERNMENTAL LOANS 53,590 53,576 61,590 (8,000) 115%
54 INTEREST 101,180 110,957 114,191 (13,011) 113%
55 DEBT ISSUE COSTS - 19,856 - - 0%
56 OTHER INTEREST & DEBT SERVICE COSTS - - 383 (383) 0%
9,633,496$ 7,679,979$ 7,027,281$ 2,606,215$ 73%
EXPENDITURES BY FUND - DETAIL
CITY OF EDMONDS
Item 2.2
Packet pg. 103/148
28
Page 5 of 6
Title
2022 Amended
Budget
12/31/2021
Expenditures
12/31/2022
Expenditures
Amount
Remaining % Spent
SEWER FUND (423)
1 SALARIES AND WAGES 2,101,661$ 1,778,973$ 1,838,475$ 263,186$ 87%
2 OVERTIME 95,000 135,661 131,671 (36,671) 139%
3 BENEFITS 849,508 764,129 738,594 110,914 87%
4 UNIFORMS 9,500 8,924 10,450 (950) 110%
5 SUPPLIES 421,000 373,294 282,817 138,183 67%
6 FUEL CONSUMED 60,000 55,215 - 60,000 0%
7 SUPPLIES PURCHASED FOR INV OR RESALE 4,000 - - 4,000 0%
8 SMALL EQUIPMENT 35,000 185,450 121,415 (86,415) 347%
9 PROFESSIONAL SERVICES 2,468,859 4,795,156 3,805,477 (1,336,618) 154%
10 COMMUNICATIONS 43,000 44,819 47,615 (4,615) 111%
11 TRAVEL 5,000 4,390 510 4,490 10%
12 EXCISE TAXES 978,000 1,115,815 1,107,964 (129,964) 113%
13 RENTAL/LEASE 319,732 328,786 316,133 3,599 99%
14 INSURANCE 227,407 162,851 203,936 23,471 90%
15 UTILITIES 1,532,060 1,762,479 2,676,252 (1,144,192) 175%
16 REPAIR & MAINTENANCE 1,685,589 505,142 838,632 846,957 50%
17 MISCELLANEOUS 126,350 122,482 261,699 (135,349) 207%
19 INTERFUND SUBSIDIES 6,687,739 7,225,179 2,033,530 4,654,209 30%
18 MACHINERY/EQUIPMENT - 194,550 168,958 (168,958) 0%
20 CONSTRUCTION PROJECTS 12,956,488 9,547,918 3,500,274 9,456,214 27%
21 GENERAL OBLIGATION BONDS 126,500 982,889 126,490 10 100%
22 REVENUE BONDS 89,840 86,670 71,791 18,049 80%
23 INTERGOVERNMENTAL LOANS 174,610 173,888 174,591 19 100%
24 INTEREST 356,980 377,827 357,001 (21) 100%
25 DEBT ISSUE COSTS - 8,570 - - 0%
26 OTHER INTEREST & DEBT SERVICE COSTS - 4,430 5,657 (5,657) 0%
31,353,823$ 30,745,487$ 18,819,933$ 12,533,890$ 60%
BOND RESERVE FUND (424)
27 REVENUE BONDS 810,010$ 785,000$ 810,000$ 10$ 100%
28 INTEREST 1,178,700 1,200,834 1,178,684 16 100%
1,988,710$ 1,985,834$ 1,988,684$ 26$ 100%
CITY OF EDMONDS
EXPENDITURES BY FUND - DETAIL
Item 2.2
Packet pg. 104/148
29
Page 6 of 6
Title
2022 Amended
Budget
12/31/2021
Expenditures
12/31/2022
Expenditures
Amount
Remaining % Spent
EQUIPMENT RENTAL FUND (511)
1 SALARIES AND WAGES 275,712$ 274,696$ 266,855$ 8,857$ 97%
2 OVERTIME 2,000 6,986 5,666 (3,666) 283%
3 BENEFITS 112,077 112,581 96,452 15,625 86%
4 UNIFORMS 1,500 1,344 1,571 (71) 105%
5 SUPPLIES 120,000 76,444 91,607 28,393 76%
6 FUEL CONSUMED 1,000 - - 1,000 0%
7 SUPPLIES PURCHASED FOR INVENTORY/RESALE 383,000 150,503 372,851 10,149 97%
8 SMALL EQUIPMENT 58,000 6,129 5,651 52,349 10%
9 PROFESSIONAL SERVICES 46,750 1,742 1,471 45,279 3%
10 COMMUNICATIONS 3,000 2,280 2,480 520 83%
11 TRAVEL 1,000 - - 1,000 0%
12 RENTAL/LEASE 11,160 12,232 10,422 738 93%
13 INSURANCE 49,172 39,334 51,903 (2,731) 106%
14 UTILITIES 14,000 16,153 20,064 (6,064) 143%
15 REPAIRS & MAINTENANCE 60,000 44,400 75,668 (15,668) 126%
16 MISCELLANEOUS 12,000 13,052 7,870 4,130 66%
17 MACHINERY/EQUIPMENT 1,080,000 6,909 472,631 607,369 44%
2,230,371$ 764,786$ 1,483,163$ 747,208$ 66%
TECHNOLOGY RENTAL FUND (512)
18 SALARIES AND WAGES 494,974$ 328,973$ 388,239$ 106,735$ 78%
19 OVERTIME 2,000 2,781 1,286 714 64%
20 BENEFITS 169,628 104,020 137,337 32,291 81%
21 SUPPLIES 5,000 5,107 8,996 (3,996) 180%
22 SMALL EQUIPMENT 357,900 59,655 148,972 208,928 42%
23 PROFESSIONAL SERVICES 61,860 34,631 45,506 16,354 74%
24 COMMUNICATIONS 58,770 66,568 67,134 (8,364) 114%
25 TRAVEL 1,500 - 296 1,204 20%
26 RENTAL/LEASE 7,460 7,181 4,460 3,000 60%
27 REPAIRS & MAINTENANCE 767,220 448,409 471,776 295,445 61%
28 MISCELLANEOUS 5,000 4,202 3,929 1,071 79%
29 MACHINERY/EQUIPMENT 61,000 - 269,346 (208,346) 442%
1,992,312$ 1,061,528$ 1,547,277$ 445,035$ 78%
FIREMAN'S PENSION FUND (617)
30 BENEFITS -$ 21,287$ -$ -$ 0%
31 PENSION AND DISABILITY PAYMENTS - 65,711 - - 0%
32 PROFESSIONAL SERVICES 11,500 - - 0%
33 INTERFUND SUBSIDIES 36,617 - - 0%
-$ 135,115$ -$ -$ 0%
TOTAL EXPENDITURE ALL FUNDS 151,069,765$ 114,545,327$ 107,585,855$ 43,483,910$ 71%
CITY OF EDMONDS
EXPENDITURES BY FUND - DETAIL
Item 2.2
Packet pg. 105/148
30
Page 1 of 1
Title
2022 Amended
Budget
12/31/2021
Expenditures
12/31/2022
Expenditures
Amount
Remaining % Spent
CITY COUNCIL 498,826$ 333,112$ 349,871$ 148,955$ 70%
OFFICE OF MAYOR 444,165 337,753 359,056 85,109 81%
HUMAN RESOURCES 825,252 694,985 913,570 (88,318) 111%
MUNICIPAL COURT 1,606,428 1,198,233 1,353,088 253,340 84%
CITY CLERK - 561,793 - - 0%
ADMINISTRATIVE SERVICES 2,551,607 1,349,338 2,285,009 266,598 90%
CITY ATTORNEY 971,780 842,071 947,473 24,307 97%
NON-DEPARTMENTAL 15,574,457 11,155,049 13,322,719 2,251,738 86%
POLICE SERVICES 13,493,696 11,853,454 13,528,817 (35,121) 100.26%
SATELLITE OFFICE 172,416 8,908 94,770 77,646 55%
COMMUNITY SERVICES/ECONOMIC DEV.829,589 663,128 751,667 77,922 91%
DEVELOPMENT SERVICES 4,201,739 2,997,284 3,760,467 441,272 89%
HUMAN SERVICES PROGRAM 467,009 110,607 189,038 277,971 40%
PARKS & RECREATION 5,413,359 4,337,170 4,858,211 555,148 90%
PUBLIC WORKS 3,639,251 3,183,430 3,306,470 332,781 91%
FACILITIES MAINTENANCE 3,450,275 2,566,698 2,496,194 954,081 72%
54,139,849$ 42,193,014$ 48,516,420$ 5,623,429$ 90%
Title
2022 Amended
Budget
12/31/2021
Expenditures
12/31/2022
Expenditures
Amount
Remaining % Spent
WATER UTILITY FUND 11,495,988$ 14,101,006$ 8,126,560$ 3,369,428$ 71%
STORM UTILITY FUND 9,633,496 7,679,979 7,027,281 2,606,215 73%
SEWER/WWTP UTILITY FUND 31,353,823 30,745,487 18,819,933 12,533,890 60%
BOND RESERVE FUND 1,988,710 1,985,834 1,988,684 26 100%
54,472,017$ 54,512,306$ 35,962,457$ 18,509,560$ 66%
EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN SUMMARY
EXPENDITURES - UTILITY- BY FUND IN SUMMARY
CITY OF EDMONDS
CITY OF EDMONDS
Item 2.2
Packet pg. 106/148
31
Page 1 of 2
Title
2022 Amended
Budget
12/31/2021
Expenditures
12/31/2022
Expenditures
Amount
Remaining % Spent
CITY COUNCIL
SALARIES AND WAGES 204,132$ 202,316$ 193,171$ 10,961$ 95%
BENEFITS 121,868 103,142 94,835 27,033 78%
SUPPLIES 2,000 3,874 3,228 (1,228) 161%
SERVICES 170,826 23,780 58,637 112,189 34%
498,826$ 333,112$ 349,871$ 148,955$ 70%
OFFICE OF MAYOR
SALARIES AND WAGES 232,296$ 229,798$ 248,540$ (16,244)$ 107%
BENEFITS 81,787 80,210 85,526 (3,739) 105%
SUPPLIES 1,500 463 3,674 (2,174) 245%
SERVICES 128,582 27,282 21,317 107,265 17%
444,165$ 337,753$ 359,056$ 85,109$ 81%
HUMAN RESOURCES
SALARIES AND WAGES 398,299$ 367,627$ 478,497$ (80,198)$ 120%
BENEFITS 142,526 136,696 158,618 (16,092) 111%
SUPPLIES 13,600 2,647 1,998 11,602 15%
SERVICES 270,827 188,015 274,458 (3,631) 101%
825,252$ 694,985$ 913,570$ (88,318)$ 111%
MUNICIPAL COURT
SALARIES AND WAGES 1,109,856$ 699,889$ 890,924$ 218,932$ 80%
BENEFITS 255,994 224,191 265,724 (9,730) 104%
SUPPLIES 11,600 11,448 11,211 389 97%
SERVICES 228,978 239,585 185,229 43,749 81%
MACHINERY/EQUIPMENT 23,120 - - 0%
1,606,428$ 1,198,233$ 1,353,088$ 253,340$ 84%
CITY CLERK
SALARIES AND WAGES -$ 252,938$ -$ -$ 0%
BENEFITS - 101,724 - - 0%
SUPPLIES - 4,199 - - 0%
SERVICES - 202,933 - - 0%
-$ 561,793$ -$ -$ 0%
ADMINISTRATIVE SERVICES
SALARIES AND WAGES 1,549,823$ 931,685$ 1,459,628$ 90,195$ 94%
BENEFITS 461,578 293,614 432,872 28,706 94%
SUPPLIES 13,000 6,605 13,156 (156) 101%
SERVICES 527,206 117,434 379,353 147,853 72%
2,551,607$ 1,349,338$ 2,285,009$ 266,598$ 90%
CITY ATTORNEY
SERVICES 971,780$ 842,071$ 947,473$ 24,307$ 97%
971,780$ 842,071$ 947,473$ 24,307$ 97%
NON-DEPARTMENTAL
SALARIES AND WAGES 101,750$ -$ -$ 101,750$ 0%
BENEFITS 145,504 26,878 128,335 17,169 88%
SUPPLIES 5,000 1,467 - 5,000 0%
SERVICES 13,557,955 10,358,605 11,937,396 1,620,559 88%
INTERFUND SUBSIDIES 1,435,000 707,870 935,000 500,000 65%
DEBT SERVICE - PRINCIPAL 55,170 54,529 180,164 (124,994) 327%
DEBT SERVICE - INTEREST 274,078 5,699 141,824 132,254 52%
15,574,457$ 11,155,049$ 13,322,719$ 2,251,738$ 86%
POLICE SERVICES
SALARIES AND WAGES 8,803,512$ 7,825,456$ 8,294,956$ 508,556$ 94%
BENEFITS 3,026,876 2,675,737 2,842,733 184,143 94%
SUPPLIES 281,569 278,194 472,297 (190,728) 168%
SERVICES 1,381,739 958,154 1,310,985 70,754 95%
MACHINERY/EQUIPMENT - 115,913 607,846 (607,846) 0%
13,493,696$ 11,853,454$ 13,528,817$ (35,121)$ 100%
SATELLITE OFFICE
SALARIES AND WAGES 29,930$ -$ 18,798$ 11,132$ 63%
BENEFITS 5,910 - 3,541 2,369 60%
SUPPLIES 12,000 - 11,057 943 92%
SERVICES 124,576 8,908 61,374 63,202 49%
172,416$ 8,908$ 94,770$ 77,646$ 55%
EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DETAIL
CITY OF EDMONDS
Item 2.2
Packet pg. 107/148
32
Page 2 of 2
Title
2022 Amended
Budget
12/31/2021
Expenditures
12/31/2022
Expenditures
Amount
Remaining % Spent
COMMUNITY SERVICES/ECON DEV.
SALARIES AND WAGES 409,557$ 359,240$ 359,665$ 49,892$ 88%
BENEFITS 119,661 93,105 99,042 20,619 83%
SUPPLIES 4,075 999 661 3,414 16%
SERVICES 296,296 209,785 292,298 3,998 99%
829,589$ 663,128$ 751,667$ 77,922$ 91%
DEVELOPMENT SERVICES/PLANNING
SALARIES AND WAGES 2,128,872$ 1,835,248$ 2,141,549$ (12,677)$ 101%
BENEFITS 709,786 636,524 718,552 (8,766) 101%
SUPPLIES 23,400 13,983 9,526 13,874 41%
SERVICES 1,339,681 511,530 890,841 448,840 66%
MACHINERY/EQUIPMENT - - - - 0%
4,201,739$ 2,997,284$ 3,760,467$ 441,272$ 89%
HUMAN SERVICES PROGRAM
SALARIES AND WAGES $ 108,166 $ 42,518 $ 85,126 $ 23,040 79%
BENEFITS 30,343 9,139 23,528 6,815 78%
SUPPLIES 15,000 22,025 6,159 8,841 41%
SERVICES 313,500 36,925 68,617 244,883 22%
MACHINERY/EQUIPMENT - - 5,608 (5,608)0% $ 467,009 $ 110,607 $ 189,038 $ 277,971 40%
PARKS & RECREATION
SALARIES AND WAGES 2,758,493$ 2,271,903$ 2,556,516$ 201,977$ 93%
BENEFITS 888,175 797,963 854,511 33,664 96%
SUPPLIES 166,640 179,518 239,386 (72,746) 144%
SERVICES 1,600,051 1,087,785 1,207,797 392,254 75%
5,413,359$ 4,337,170$ 4,858,211$ 555,148$ 90%
PUBLIC WORKS ADMINISTRATION
SALARIES AND WAGES 419,664$ 349,234$ 216,662$ 203,002$ 52%
BENEFITS 132,719 98,660 85,283 47,436 64%
SUPPLIES 9,600 8,669 6,455 3,145 67%
SERVICES 93,215 88,667 83,236 9,979 89%
655,198$ 545,230$ 391,636$ 263,562$ 60%
FACILITIES MAINTENANCE
SALARIES AND WAGES 860,456 800,997 885,086 (24,630) 103%
BENEFITS 369,679 336,792 358,436 11,243 97%
SUPPLIES 128,000 182,551 124,974 3,026 98%
SERVICES 1,821,960 1,246,358 1,046,582 775,378 57%
MACHINERY/EQUIPMENT 270,180 - 81,116 189,064 30%
3,450,275$ 2,566,698$ 2,496,194$ 954,081$ 72%
ENGINEERING
SALARIES AND WAGES 1,981,448$ 1,750,547$ 1,980,420$ 1,029$ 100%
BENEFITS 724,208 679,218 703,594 20,614 97%
SUPPLIES 2,200 1,937 3,529 (1,329) 160%
SERVICES 276,197 206,498 227,291 48,906 82%
2,984,053$ 2,638,200$ 2,914,834$ 69,219$ 98%
TOTAL GENERAL FUND EXPENDITURES 54,139,849$ 42,193,014$ 48,516,420$ 5,623,429$ 90%
CITY OF EDMONDS
EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DETAIL
Item 2.2
Packet pg. 108/148
33
GENERAL FUND OVERVIEW
12/31/2022
Fund Balance
12/31/2022
Cash Balance
Q4 YTD
001-General Fund *12,580,242$ 7,166,093$ 798,653$ (3,335,076)$
009-Leoff-Medical Ins. Reserve 232,816 234,598 71,229 (22,402)
011-Risk Management Reserve Fund 25,000 25,000 - -
012-Contingency Reserve Fund 1,782,150 1,782,150 - -
014-Historic Preservation Gift Fund 11,701 11,701 (4,721) (4,721)
016-Building Maintenance 4,438,877 4,438,877 21,676 38,877
017 - Marsh Restoration & Preservation 849,767 849,766 - 1,150
018 - Edmonds Homelessness Response Fd 200,000 200,000 - 200,000
Total General Fund & Subfunds 20,120,554$ 14,708,185$ 886,838$ (3,122,172)$
GENERAL FUND
& SUBFUNDS
BALANCES CHANGE IN FUND BALANCES
---- ACTUAL -------- ACTUAL ----
*$8,067,160 of the fund balance in Fund 001 added to the $1,782,150 balance in Fund 012, represent the required
20% operating reserve.
There are no interfund loans outstanding at this time.
GOVERNMENTAL FUNDS OVERVIEW
12/31/2022
Fund Balance
12/31/2022
Cash Balance
Q4 YTD
General Fund & Subfunds 20,120,554$ 14,708,185$ 886,838$ (3,122,172)$
Special Revenue 15,309,063 24,148,272 (696,932) 1,657,833
Capital Projects - Fund 332 (216,013) 351,842 (2,112,287) (4,329,876)
Total Governmental Funds 35,213,604$ 39,208,299$ (1,922,382)$ (5,794,214)$
CHANGE IN FUND BALANCES
GOVERNMENTAL
FUNDS
BALANCES
---- ACTUAL -------- ACTUAL ----
*Please note that these revenues and expenses occur within annual cycles.
This Interim Report is not adjusted for accruals or those annual cycles.
Item 2.2
Packet pg. 109/148
34
SPECIAL REVENUE FUNDS OVERVIEW
12/31/2022
Fund Balance
12/31/2022
Cash Balance
Q4 YTD
104 - Drug Enforcement Fund 70,323$ 70,823$ 260$ (4,852)$
111 - Street Fund 600,778 494,964 21,142 (350,387)
112 - Combined Street Const/Improve 1,173,205 (114,512) (554,106) (1,065,243)
117 - Municipal Arts Acquis. Fund 660,370 680,595 (30,853) 11,492
120 - Hotel/Motel Tax Revenue Fund 80,019 109,731 (24,453) 8,904
121 - Employee Parking Permit Fund 78,117 78,512 (11,580) 1,594
122 - Youth Scholarship Fund 15,841 15,913 617 1,581
123 - Tourism Promotional Fund/Arts 119,211 115,144 83 23,239
125 - Real Estate Tax 2 3,334,174 3,512,820 (403,008) (719,241)
126 - Real Estate Excise Tax 1 *4,186,021 4,146,205 137,877 872,682
127 - Gifts Catalog Fund 3,204,313 3,205,895 (53,452) 2,902,788
130 - Cemetery Maintenance/Improvement 279,615 284,927 (13,516) 13,409
136 - Parks Trust Fund 168,068 169,129 (493) (521)
137 - Cemetery Maintenance Trust Fund 1,148,775 1,154,473 6,900 41,700
138 - Sister City Commission 20,738 20,817 2,571 5,257
140 - Business Improvement Disrict 40,398 47,854 (20,884) 11,267
141 - Affordable and Supportive Housing Fd 234,320 226,927 25,527 74,906
142 - Edmonds Rescue Plan Fund (342,018) 9,691,259 219,564 (386,906)
143 - Tree Fund 236,796 236,796 870 216,163
Total Special Revenue 15,309,063$ 24,148,272$ (696,932)$ 1,657,833$
GOVERNMENTAL
SPECIAL REVENUE
BALANCES CHANGE IN FUND BALANCES
---- ACTUAL -------- ACTUAL ----
*$200,000 of the fund balance in Fund 126 has been reserved for Marsh Restoration Funding, as well as $700,000 for
the purchase of Open Space.
ENTERPRISE FUNDS OVERVIEW
12/31/2022
Fund Balance
12/31/2022
Cash Balance
Q4 YTD
421 - Water Utility Fund 31,412,208$ 9,630,080$ (253,438)$ 2,685,040$
422 - Storm Utility Fund *15,267,329 5,378,103 (1,303,028) (380,049)
423 - Sewer/WWTP Utility Fund 59,326,995 15,547,546 (3,398,191) (1,025,535)
424 - Bond Reserve Fund 853,134 853,134 4,166 9,174
411 - Combined Utility Operation - - (123,705) -
Total Enterprise Funds 106,859,666$ 31,408,863$ (5,074,197)$ 1,288,630$
ENTERPRISE
FUNDS
BALANCES CHANGE IN FUND BALANCES
---- ACTUAL -------- ACTUAL ----
*$250,000 of the Storm Utility Fund Balance has been reserved for Marsh Restoration Funding.
*Please note that these revenues and expenses occur within annual cycles.
This Interim Report is not adjusted for accruals or those annual cycles.
Item 2.2
Packet pg. 110/148
35
SUMMARY OVERVIEW
12/31/2022
Fund Balance
12/31/2022
Cash Balance
Q4 YTD
Governmental Funds 35,213,604$ 39,208,299$ (1,922,382)$ (5,794,214)$
Enterprise Funds 106,859,666 31,408,863 (5,074,197) 1,288,630
Internal Services Fund 10,385,718 6,062,547 (270,079) 98,167
Total City-wide Total 152,458,988$ 76,679,709$ (7,266,658)$ (4,407,417)$
CITY-WIDE
BALANCES
---- ACTUAL ----
CHANGE IN FUND BALANCES
---- ACTUAL ----
INTERNAL SERVICE FUNDS OVERVIEW
12/31/2022
Fund Balance
12/31/2022
Cash Balance
Q4 YTD
511 - Equipment Rental Fund 9,568,600$ 5,382,794$ (129,012)$ 360,089$
512 - Technology Rental Fund 817,118 679,753 (141,068) (261,923)
Total Internal Service Funds 10,385,718$ 6,062,547$ (270,079)$ 98,167$
INTERNAL SERVICE
FUNDS
BALANCES CHANGE IN FUND BALANCES
---- ACTUAL -------- ACTUAL ----
*Please note that these revenues and expenses occur within annual cycles.
This Interim Report is not adjusted for accruals or those annual cycles.
Item 2.2
Packet pg. 111/148
2025 FINANCIAL REPORT
Third Quarter
The City of Shoreline adopted its 2025-2026 Biennial Budget on November 18, 2024. While
the budget is adopted for the biennium, each year has a plan for revenues and
expenditures. This report reflects unaudited preliminary revenue collections and
expenditures through September 30, 2025 as compared to the 2025 Plan as amended
through September 30, 2025.
Item 2.2
Packet pg. 112/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
1
Table of Contents
Performance at a Glance ................................................................................................................ 1
All Funds Overview ......................................................................................................................... 2
General Fund Financial Overview .................................................................................................... 3
Property Tax .................................................................................................................................. 6
Sales Tax ...................................................................................................................................... 7
Intergovernmental, Grants, and State Shared Sales Tax ................................................................... 8
Business & Occupation Taxes and Franchise Fee & Contract Payments ............................................ 9
Development Revenue ................................................................................................................. 10
Parks and Recreation ................................................................................................................... 11
Street Fund .................................................................................................................................... 12
General Capital Fund ..................................................................................................................... 13
Park Bond Fund .............................................................................................................................. 14
Roads Capital Fund ........................................................................................................................ 15
Sidewalk Expansion Fund .............................................................................................................. 16
Enterprise Funds............................................................................................................................ 17
Investment Report ......................................................................................................................... 18
Item 2.2
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2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
1
Performance at a Glance
Highlights
• General Fund Franchise Fee Revenue is lower than
anticipated due to the franchise fees for cable
television. This sector continues to be challenged
by changes in technology, budget will be reduced
down during the Mid-Biennial budget process and
reflected in the 4th quarter report.
Key to revenue trend indicators:
POSITIVE ▲ Variance/Change of > 2%
NEUTRAL ► Variance/Change of -1% to +2%
WARNING ● Variance/Change of -1% to -4%
NEGATIVE ▼ Variance/Change of >-4%
General Fund Revenues Dept. Exp.
2025 Operating Plan $63,701,723 $63,487,372
2025 Actual $40,796,832 $38,185,978
% of 2025
Operating Plan 64.0% 60.1%
2024 Operating Plan $59,877,688 $63,200,071
2024 Actual $40,723,890 $41,278,165
% of 2024
Operating Plan 68.0% 65.3%
Actual 2025 v. 2024 $
Change $72,942 ($3,092,186)
Actual 2025 v. 2024 %
Change 0.2% -7.5%
General Fund
Revenues
Compared to
2025 Current
Plan
Compared to
Actuals as of
September
Property Tax POSITIVE ▲ POSITIVE ▲
Sales Tax NEUTRAL ► NEGATIVE ▼
Intergovernmental NEUTRAL ► NEGATIVE ▼
Grants WARNING ● POSITIVE ▲
B&O Tax WARNING ● NEGATIVE ▼
Franchise Fees NEGATIVE ▼ NEUTRAL ►
Contract Payments POSITIVE ▲ POSITIVE ▲
Utility Tax POSITIVE ▲ POSITIVE ▲
Development POSITIVE ▲ NEGATIVE ▼
Parks and
Recreation
POSITIVE ▲ POSITIVE ▲
Interest Income POSITIVE ▲ NEGATIVE ▼
Non-General Fund
54.1%
59.3%
68.7%
111.5%
94.8%
57.8%
54.0%
38.8%
44.4%
79.9%
Property Tax Revenue
Sales Tax Revenue
Utility Tax Revenue
Development Revenue
Parks and Recreation…
Intergovernmental Revenue
Grant Revenue
B&O Tax
Franchise Fees
Contract Payments
Actual 2025 Current Plan
Revenues
Compared to
2025 Current
Plan
Compared to
Actuals as of
September
Gas Tax NEUTRAL ► WARNING ●
Transportation
Benefit District
Sales Tax
POSITIVE ▲ NEGATIVE ▼
Real Estate Excise
Tax
POSITIVE ▲ NEUTRAL ►
Surface Water Fees POSITIVE ▲ POSITIVE ▲
Wastewater Fees POSITIVE ▲ POSITIVE ▲
60.3%
90.8%
9.8%
28.6%
61.7%
7.6%
82.5%
Gas Tax
Real Estate Excise Tax
General Capital Grants
Roads Capital Grants
Surface Water Fees
Surface Water Grants
Wastewater Fees
Actual 2025 Current Plan
Item 2.2
Packet pg. 114/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
2
All Funds Budget and Year-Over-Year Comparison
REVENUES & OTHER SOURCES
FUND TYPE
Fund Title
2025 Current
Plan 2025 Actual
% of 2025
Current Plan
2024 Current
Plan 2024 Actual
% of 2024
Current Plan
2025 v. 2024
$ Change
2025 v.
2024 %
Change OPERATING FUNDS $66,907,542 $43,191,673 64.6% $63,172,229 $42,626,505 67.5% $565,168 1.3%
General Fund $63,701,723 $40,796,832 64.0% $59,877,688 $40,723,890 68.0% $72,942 0.2%
Shoreline Secure Storage Fund 1,500,000 1,150,401 76.7% 1,500,000 1,045,835 69.7% 104,567 10.0%
Shoreline Business Center 337,926 236,145 69.9% 337,926 38,126 11.3% 198,019 519.4%
Street Fund 1,206,650 683,029 56.6% 1,242,760 706,104 56.8% (23,075) -3.3% Code Abatement Fund 30,000 71,037 236.8% 30,000 28,580 95.3% 42,457 148.6% State Drug Forfeiture Fund 18,243 10,594 58.1% 18,243 68,006 372.8% (57,412) -84.4%
Public Arts Fund 0 12,239 0.0% 5,000 3,915 78.3% 8,324 212.6% Federal Drug Forfeiture Fund 13,000 9,212 70.9% 13,000 314 2.4% 8,898 2834.4%
Federal Criminal Forfeiture Fund 0 7,986 0.0% 0 934 0.0% 7,052 755.3% Tree Fund 100,000 9,000 9.0% 147,613 10,800 7.3% (1,800) -16.7% DEBT SERVICE FUNDS $5,509,688 $3,799,186 69.0% $5,419,428 $3,754,658 69.3% $44,527 1.2%
CAPITAL FUNDS $83,847,598 $22,101,584 26.4% $57,298,819 $16,927,462 29.5% $5,174,122 30.6%
General Capital Fund 6,310,832 2,110,552 33.4% 4,696,103 3,324,844 70.8% (1,214,292) -36.5%
General Capital Fund-Parks
Bond
799,998 676,357 84.5% 598,451 1,102,319 184.2% (425,962) -38.6%
City Facility-Major Maintenance
Fund
15,486 18,150 117.2% 4,302 12,723 295.7% 5,427 42.7%
Roads Capital Fund 75,879,502 17,560,178 23.1% 51,999,963 9,677,578 18.6% 7,882,600 81.5%
Sidewalk Expansion Fund 353,230 173,701 49.2% 0 174,131 0.0% (430) -0.2%
Transportation Impact Fees
Fund
488,549 879,221 180.0% 0 1,299,827 0.0% (420,606) -32.4%
Park Impact Fees Fund 0 683,425 0.0% 0 1,336,040 0.0% (652,615) -48.8%
ENTERPRISE FUNDS $38,743,262 $28,052,736 72.4% $32,881,479 $24,457,805 74.4% $3,594,931 14.7% Surface Water Utility Fund 13,865,439 7,226,611 52.1% 10,271,599 6,045,265 58.9% 1,181,347 19.5%
Wastewater Utility Fund 24,877,823 20,826,125 83.7% 22,609,880 18,412,541 81.4% 2,413,584 13.1%
INTERNAL SERVICE FUNDS $1,035,258 $717,050 69.3% $857,855 $671,925 78.3% $45,125 6.7%
TOTAL REVENUE $196,043,348 $97,862,228 49.9% $159,629,810 $88,438,355 55.4% $9,423,873 -9.6% OTHER SOURCES Proceeds from Capital Assets $528,351 $334,865 63.4% $1,029,756 $1,107,621 107.6% ($772,756) -69.8%
Transfers In 44,962,448 13,253,898 29.5% 17,415,995 7,425,532 42.6% 5,828,366 78.5% Other Financing Sources 23,935,977 4,399,183 18.4% 26,656,385 88,486 0.3% 4,310,698 4871.6% Budgeted Use of Fund Balance 61,632,091 0 0.0% 32,250,710 0 0.0% 0 0.0%
TOTAL RESOURCES $327,102,216 $115,850,175 35.4% $236,982,656 $97,059,994 41.0% $18,790,18
1
-16.2%
EXPENDITURES & TRANSFERS OUT OPERATING FUNDS $66,967,805 $40,300,621 60.2% $67,094,397 $43,265,351 64.5% ($2,964,729) -6.9% General Fund $63,487,372 $38,185,978 60.1% $63,200,071 $41,278,165 65.3% ($3,092,186) -7.5% Shoreline Secure Storage Fund 824,500 459,603 55.7% 1,083,800 478,697 44.2% (19,094) -4.0%
Shoreline Business Center 160,926 144,706 89.9% 337,926 7,887 2.3% 136,818 1734.6% Revenue Stabilization Fund 0 0 0.0% 0 0 0.0% 0 0.0% Street Fund 2,115,285 1,388,510 65.6% 2,048,588 1,415,636 69.1% (27,126) -1.9% Code Abatement Fund 100,000 10,000 10.0% 100,000 5,000 5.0% 5,000 100.0%
Public Arts Fund 148,480 84,591 57.0% 145,156 54,564 37.6% 30,027 55.0%
State Drug Forfeiture Fund 18,243 9,733 53.3% 18,243 6,713 36.8% 3,019 45.0% Federal Drug Forfeiture Fund 13,000 0 0.0% 13,000 0 0.0% 0 0.0% Federal Criminal Forfeiture Fund 0 0 0.0% 0 0 0.0% 0 0.0% Tree Fund 100,000 17,501 17.5% 147,613 18,688 12.7% (1,187) -6.4% DEBT SERVICE FUNDS $6,690,715 $1,566,663 23.4% $6,289,703 $1,541,744 24.5% $24,919 1.6% CAPITAL FUNDS $135,142,748 $33,237,963 24.6% $86,597,133 $26,020,140 30.0% $7,217,822 27.7%
General Capital Fund 14,104,016 1,683,859 11.9% 2,968,034 3,365,785 113.4% (1,681,926) -50.0%
General Capital Fund-Parks
Bond
27,284,632 9,329,533 34.2% 17,283,127 5,506,759 31.9% 3,822,774 69.4%
City Facility-Major Maint. Fund 1,095,795 19,832 1.8% 1,207,215 17,767 1.5% 2,065 11.6%
Roads Capital Fund 87,413,587 21,435,368 24.5% 56,882,279 16,996,093 29.9% 4,439,275 26.1% Sidewalk Expansion Fund 5,244,719 769,371 14.7% 8,256,479 133,737 1.6% 635,634 475.3% Transportation Impact Fees
Fund
0 0 0.0% 0 0 0.0% 0 0.0%
Park Impact Fees Fund 0 0 0.0% 0 0 0.0% 0 0.0%
ENTERPRISE FUNDS $56,690,924 $21,519,320 38.0% $44,291,057 $20,208,697 45.6% $1,310,623 6.5%
Surface Water Utility Fund 23,123,709 4,401,891 19.0% 15,749,497 4,388,787 27.9% 13,104 0.3%
Wastewater Utility Fund 33,567,215 17,117,428 51.0% 28,541,561 15,819,910 55.4% 1,297,518 8.2% INTERNAL SERVICE FUNDS $2,233,455 $890,892 39.9% $1,478,075 $357,092 24.2% $533,800 149.5%
TOTAL EXPENDITURES $267,725,648 $97,515,458 36.4% $205,750,366 $91,393,024 44.4% $6,122,434 -6.3%
TRANSFERS OUT $44,962,448 $13,253,898 29.5% $17,415,995 $7,425,532 42.6% $5,828,366 78.5%
TOTAL EXPENDITURES &
TRANSFERS OUT $312,688,096 $110,769,356 35.4% $223,166,361 $98,818,556 44.3% $11,950,80
0 -10.8%
The following table presents the 2025 Current Plan as amended by Ordinance No. 1030.
Item 2.2
Packet pg. 115/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
3
General Fund Budget and Year-Over-Year Comparison Overview
Resources
GENERAL FUND RESOURCES
2025 Current
Plan
2025 YTD
Actual
% of
2025
Plan
2024 Current
Plan
2024 YTD
Actual
% of
2024
Plan
2025 v.
2024 $
Change
2025 v.
2024 %
Change
Property Tax $24,596,121 $13,427,303 54.6% $23,306,460 $12,781,263 54.8% $646,040 5.1%
Sales Tax 13,393,968 7,947,218 59.3% 11,584,398 8,393,277 72.5% (446,059) -5.3%
Local Criminal Justice 2,369,583 1,256,919 53.0% 2,317,074 1,250,564 54.0% 6,355 0.5%
B&O, Utility, and Gambling
Taxes 8,580,315 4,889,041 57.0% 8,020,337 4,994,618 62.3% (105,576) -2.1%
Franchise Fees & Contract
Payments 4,237,006 2,780,242 65.6% 4,108,227 2,677,893 65.2% 102,349 3.8%
Development Revenue 3,321,110 3,702,288 111.5% 3,336,250 3,886,382 116.5% (184,094) -4.7%
Park and Recreation
Revenue 1,819,123 1,723,760 94.8% 1,762,328 1,654,060 93.9% 69,700 4.2%
Intergovernmental Revenue 1,934,832 1,088,696 56.3% 2,562,798 1,356,298 52.9% (267,602) -19.7%
Grant Revenue 2,006,290 1,083,076 54.0% 1,448,281 498,767 34.4% 584,308 117.2%
Fines and Licenses 594,050 161,052 27.1% 642,775 147,201 22.9% 13,851 9.4%
Miscellaneous Revenue 778,725 821,132 105.4% 718,160 740,918 103.2% 80,214 10.8%
Interest Income 70,600 1,916,105 2714.0% 70,600 2,342,649 3318.2% (426,544) -18.2%
TOTAL REVENUES $63,701,723 $40,796,832 64.0% $59,877,688 $40,723,890 68.0% $72,942 0.2%
Proceeds from Capital
Assets
0 0 0.0% 0 0 0.0% 0 0.0%
Operating Transfers In 7,631,368 6,741,386 88.3% 2,791,020 2,052,765 73.5% 4,688,621 228.4%
Other Financing Sources 0 0 0.0% 4,515,000 9,696 0.2% (9,696) -100.0%
Budgeted Use of Fund
Balance 20,095,666 0 0.0% 10,280,603 0 0.0% 0 0.0%
TOTAL RESOURCES $91,428,757 $47,538,218 52.0% $77,464,311 $42,786,352 55.2% $4,751,866 11.1%
Expenditures & Transfers Out
DEPARTMENT
2025 Current
Plan
2025 YTD
Actual
% of
2025
Plan
2024 Current
Plan
2024 YTD
Actual
% of
2024
Plan
2025 v. 2024
$ Change
2025 v.
2024 %
Change City Council $326,799 $212,206 64.9% $296,014 $257,214 86.9% ($45,008) -17.5%
City Manager's Office1 6,217,974 3,687,315 59.3% 6,165,682 4,243,563 68.8% ($556,248) -13.1%
City Attorney 1,109,716 602,898 54.3% 1,034,366 672,540 65.0% ($69,642) -10.4%
Administrative Services2 7,171,044 4,448,891 62.0% 6,168,540 4,742,485 76.9% ($293,594) -6.2%
Citywide 2,035,480 1,844,746 90.6% 7,492,862 6,039,909 80.6% ($4,195,164) -69.5%
Human Resources 864,710 537,962 62.2% 823,219 460,029 55.9% $77,933 16.9%
Police 17,732,795 10,051,175 56.7% 15,980,168 9,265,573 58.0% $785,602 8.5%
Criminal Justice 2,536,560 1,542,299 60.8% 2,435,517 958,711 39.4% $583,588 60.9%
Parks, Recreation, &
Community Services3 14,478,468 8,731,971 60.3% 12,438,978 7,876,309 63.3% $855,662 10.9%
Planning & Community
Development 5,421,469 3,212,878 59.3% 4,960,793 3,126,408 63.0% $86,470 2.8%
Public Works 5,592,358 3,313,638 59.3% 5,403,932 3,635,423 67.3% ($321,786) -8.9%
DEPARTMENTAL
EXPENDITURES $63,487,372 $38,185,978 60.1% $63,200,071 $41,278,165 65.3% ($3,092,186) -7.5%
Operating Transfers Out 18,649,061 1,947,372 10.4% 8,102,008 2,537,743 31.3% (590,371) -23.3%
TOTAL EXPENDITURES AND
TRANSFERS OUT $82,136,433 $40,133,351 48.9% $71,302,079 $43,815,908 61.5% ($3,682,557) -8.4%
1. City Manager’s Office includes: City Clerk, Communications, Code Enforcement Customer Response Team, Intergovernmental Relations, Economic
Development, Property Management, and Light Rail Stations.
2. Administrative Services includes: Finance, Budget, Purchasing, and Information Systems.
3. Parks, Recreation, and Community Services includes: Neighborhoods, Emergency Management Planning, Human Services, Diversity Inclusion,
Environmental Services, Recreation, Youth & Teen Development, Cultural Services, Parks, Fleet & Facilities, and Recreation Facility Rentals
Item 2.2
Packet pg. 116/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
4
All General Fund Contributions
General Fund Contributions to Projects
2025-2026 Budgeted
General Fund Support
2025-2026 Amount
Transferred
Street Fund Projects
Street Fund Projects $2,920,974 $1,093,129
Street Operations $31,454 $0
Tree Fund
Restricted Tree Fund $0 $0
Public Art Funds
Public Art Projects $23,548 $23,548
Revenue Stabilization Fund Projects
Revenue Stabilization Fund $1,026,635 $0
Debt Service
LTGO BOND 2009/2019 $864,174 $0
Limited Tax GO Bond 2013 $515,879 $36,469
General Capital Projects
City Hall $405,580 $27,564
City Maintenance Facility $2,039,189 $0
Parks Repair & Replacement $318,747 $216,258
Facility Technology Improvement $547,536 $2,611
Facility Security Improvement $1,545,300 $13,296
PKS ECOLOGICAL RESTORATION $25,000 $0
General Capital Projects $320,000 $0
Major Maintenance Project
City Facility Major Maintenance $238,941 $117,705
City Hall Long-Term Maintenance $1,119,392 $0
Parks Bond Project
PK BND Hillwood Park $3,164,577 $0
PK BND Briarcrest Park $231,707 $0
Roads Capital Projects
145th & I5 Interchange $5,139,210 $0
200th St & 25th Ave Sidewalks $876,475 $21,032
Street Light Repair/Replacements $140,000 $120,620
Gambling Tax and Grant Match Funding $97,651 $0
Surface Water Fund Projects
SWM Enterprise Fund Admin Key $12,180 $0
SWM Capital Transfers-ERR $53,417 $0
Wastewater Fund Projects
Wastewater Fund Projects $12,300 $0
Equipment Replacement Fund
Equipment Replacement Fund $386,150 $0
IT Equipment Replacement $494,471 $214,762
Unemployment Fund
Unemployment Fund $150,000 $60,378
Total $22,700,487 $1,947,372
Item 2.2
Packet pg. 117/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
5
General Fund Financial Overview
General Fund Revenues Dept. Exp.
2025 Operating Plan $63,701,723 $63,487,372
2025 Actual $40,796,832 $38,185,978
% of 2025 Operating
Plan 64.0% 60.1%
2024 Operating Plan $59,877,688 $63,200,071
2024 Actual $40,723,890 $41,278,165
% of 2024 Operating
Plan 68.0% 65.3%
Actual 2025 v. 2024 $
Change $72,942 ($3,092,186)
Actual 2025 v. 2024 %
Change 0.2% -7.5%
The table on the previous page presents the 2025 planned revenues, expenditures, use of fund balance for one-
time investments and transfers in from/out to other funds as approved in the 2025-2026 Biennial Budget. It also
compares them to actual for 2025 and 2024.
Revenues:
General Fund revenue received reflects a year-over-year increase of 0.2%. The following are highlights comparing
actual collections to those projected for 2025 and to 2024 collections for the General Fund:
• Property tax receipts are at 54.6% of the 2025 plan.
• Sales tax receipts for 2025 are 1.4% greater than projected for the same period of the current plan. The
Construction sector is 19.3% less than 2024 collections.
• Receipts from the Local Criminal Justice Tax for the reporting period of January through September are
$6,355, or 0.5%, more than the same period for 2024.
• Intergovernmental Revenue receipts are 19.7% less than the year-ago level due to the decrease in the
Sound Transit Light Rail project winding down. Intergovernmental revenue excluding Sound Transit is 1.5%
greater than current projections. The maximum cap of distributions of the Affordable and Supportive
Housing State Shared Tax was reached during the state’s fiscal year in March. Distributions resumed in
July.
• This report reflects Gambling Tax and B&O Tax receipts collected for 2025 Q2 quarterly tax returns.
• Utility Tax receipts in the amount of $3.4 million are more than the 2025 plan and 2024 by 4.2% and 5.7%,
respectively.
• Local development activity in 2025, in terms of the number of permit applications, is 1,256, or 2%, less
than 2024. Total permits issued are 1,135, or 11%, less than 2024.
• Due to the high-interest rate environment, interest income is higher than in the budget; however, this
revenue source will have a year-end adjustment for unrealized gains and losses. Additional Federal
Reserve rate cuts are expected in 2025 and 2026 which will further reduce interest income. See the
Investment Report on page 12 for further details.
64.0%68.0%60.1%65.3%
$0.0
$20.0
$40.0
$60.0
$80.0
2025 2024 2025 2024
Mi
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s
Actual Operating Budget
Operating
Revenues
Operating
Expenditures
Item 2.2
Packet pg. 118/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
6
Property Tax
Property tax payments are due to King County in April and
October. The County then must remit the City’s portion
resulting in most collections occurring in the second and
fourth quarters. Receipts for 2025 and 2024 as a
percentage of the budgeted projection are at 54.6% and
54.8%, respectively. In terms of the allowable levy, which
is different than the budgeted projection presented here,
receipts for 2025 and 2024 are 54.1% and 54.3%,
respectively.
Impact on a median homeowner:
In 2025, the City of Shoreline property tax
regular levy and excess voted levy rates
decreased from $1.63 to $1.53 and $0.21
to $0.18, respectively. The total levy rate
decreased from $10.94 to $10.14. The
chart to the right compares the amount
paid by a homeowner of a residence with a
median value (as determined by the King
County Department of Assessments). The
total tax bill is estimated to increase $429,
or 6%, with the City’s portion increasing
$82, and all other taxing jurisdictions’
portion increasing $347.
How $1 is allocated:
The chart to the left illustrates the
allocation of each dollar paid at the 2025
levy rates for all taxing jurisdictions within
Shoreline. The City receives 15¢ for the
City’s regular and 2¢ for the excess voted
park bond levy.
2025 Current Plan $24,596,121
2025 Third Quarter Actual Revenue $13,427,303
% of 2025 Current Plan 54.6%
2024 Current Plan $23,306,460
2024 Third Quarter Actual Revenue $12,781,263
% of 2024 Current Plan 54.8%
2025 v. 2024 $ Change $646,040
2025 v. 2024 % Change 5.1%
54.1%54.3%
$0.0
$20.0
$40.0
2025 2024
Mi
l
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n
s
% of Allowable Levy
Actual Allowable Levy
54.6%54.8%
$0.0
$20.0
$40.0
2025 2024
Mi
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n
s
% of Budgeted Revenues
Actual Budgeted Revenues
City receives
$1,205
City receives
$1,287
Others receive
$5,973
Others receive
$6,319
2025 Median Residence Value $750,000
2024 Median Residence Value $656,000
Total paid:
$7,607
$7,178
Total paid:
15¢ 2¢ 14¢ 32¢ 22¢ 8¢ 2¢ 1¢
2¢ CPSRTA
2¢
City share = 17¢
Item 2.2
Packet pg. 119/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
7
Sales Tax
2025 Current Plan $13,393,968
2025 Third Quarter Actual Revenue $7,947,218
% of 2025 Current Plan 59.3%
2024 Current Plan $11,584,398
2024 Third Quarter Actual Revenue $8,393,277
% of 2024 Current Plan 72.5%
2025 v. 2024 $ Change ($446,059)
2025 v. 2024 % Change -5.3%
When analyzing monthly sales tax receipts, there are two items of special note: First, most businesses remit their
sales tax collections to the Washington State Department of Revenue (DOR) on a monthly basis. Small
businesses only have to remit their sales tax collections either quarterly or annually, which can create anomalies
when comparing the same month between two years. Second, for those businesses which remit sales tax
monthly, there is a two-month lag from the time that sales tax is collected to the time it is distributed to the City.
Therefore, the data presented here reflects the distributions from activity for January through July.
The total receipts are more than the 2025 Plan and less than 2024 collections by 1.4% and 5.3%, respectively. The
Construction sector collections are 19.3% less than 2024 collections.
The following table and chart illustrate the performance of the primary categories.
SALES TAX BY PRIMARY CATEGORY FOR DISTRIBUTION PERIOD: September Sector 2021 2022 2023 2024 2025
Constructionn $1,495,392 $1,776,086 $2,216,892 $2,586,592 $2,087,276
$ Change $280,693 $440,806 $369,700 ($499,316)
% Change 18.8% 24.8% 16.7% -19.3%
Retail Trade $3,567,517 $3,671,486 $3,704,336 $3,633,136 $3,715,460
$ Change $103,969 $32,851 ($71,201) $82,324
% Change 2.9% 0.9% -1.9% 2.3%
Hotels/Restaurant $318,036 $373,666 $414,361 $416,429 $406,423
$ Change $55,630 $40,695 $2,068 ($10,006)
% Change 17.5% 10.9% 0.5% -2.4%
All Others $1,588,812 $1,650,622 $1,746,474 $1,757,121 $1,738,059
$ Change $61,810 $95,851 $10,647 ($19,062)
% Change 3.9% 5.8% 0.6% -1.1%
Total Revenue $6,969,757 $7,471,859 $8,082,063 $8,393,277 $7,947,218
$ Change $502,101 $610,204 $311,215 ($446,059)
% Change 7.2% 8.2% 3.9% -5.3%
$0.00
$0.25
$0.50
$0.75
$1.00
$1.25
$1.50
J F M A M Ju Jy A S O N D
Mi
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Total Receipts by Month
2025 Actual 2025 Projected
$0.0
$5.0
$10.0
2022 2023 2024 2025
Mi
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Receipts by Category
Construction
Retail Trade
Hotels / Restaurant
All Others
Item 2.2
Packet pg. 120/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
8
Intergovernmental, Grants, and State Shared Sales Taxes
Intergovernmental revenue sources are comprised
primarily of funding for criminal justice programs,
contract payments, liquor excise tax, liquor board
profits, marijuana excise tax, grants, and
reimbursement from Sound Transit per the Expedited
Permitting and Reimbursement Agreement.
Intergovernmental Revenue receipts are 19.7% less
than the year-ago level due to the decrease in the
Sound Transit Light Rail project winding down.
Receipts by month from sources other than Sound
Transit reimbursements are reflected in the
Intergovernmental Revenues chart, which compares
disbursements for March through September. Receipts
for these revenues in 2025 total $815,262 and are 7.3%
less than 2024.
Grant receipts are 117.2% more than 2024. Many
grants are applied for and received for specific
purposes. The number of grants received in any year
can vary. The timing of project completion and related
grant billings can vary throughout a given year.
The result for Local Criminal Justice Sales Tax receipts
is not commensurate with the result for Sales Tax
receipts because the distribution of Local Criminal
Justice Sales Tax is based on the city’s population and
the amount of sales tax collected throughout all of King
County. The Puget Sound Economic Forecaster
estimated that retail sales throughout King County
would increase year-over-year by 8.7%. Sales tax
collected throughout King County was actually 0.8%
more than 2024.
57.8%
52.1%
54.0%
63.3%40.6%34.4%
$0.0
$1.0
$2.0
$3.0
2025 2025 2025 2024 2024 2024
Mi
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s
Actual Budgeted Revenues
Intergov.Sound
Transit
Intergov.Sound
Transit
Grants Grants
$0.00
$0.05
$0.10
$0.15
$0.20
$0.25
J F M A M Ju Jy A S O N D
Mi
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s
Intergovernmental Revenues
2025 2024
$0.00
$0.05
$0.10
$0.15
$0.20
$0.25
J F M A M Ju Jy A S O N D
Mi
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Local Criminal Justice Tax
2025 2024
Item 2.2
Packet pg. 121/148
9
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
Business & Occupation Taxes and Franchise Fee & Contract Payments
The chart below compares actual receipts to the annual budget for each year and budget projection for 2025.
2025 Current Plan $12,817,321
Business & Occupation Tax $887,115
Utility Tax $3,449,092
Gambling Tax $552,834
Franchise Fee $758,024
Contract Payment $2,022,218
2025 Third Quarter Actual Revenue $7,669,283
% of 2025 Current Plan 59.8%
2024 Current Plan $12,128,564
Business & Occupation Tax $1,153,489
Utility Tax $3,262,688
Gambling Tax $578,441
Franchise Fee $762,259
Contract Payment $1,915,634
2024 Third Quarter Actual Revenue $7,672,511
% of 2024 Current Plan 63.3%
2025 v. 2024 $ Change ($3,228)
2025 v. 2024 % Change 0.0%
The City has levied tax on gross operating revenues
for gambling activities since 1995 and utility
operations since 2005. The Business &
Occupation (B&O) Tax and in-house processing of
business licensing for Shoreline became effective
in January 2019.
This report reflects Gambling Tax and B&O Tax
receipts collected from quarterly tax returns. B&O
Tax receipts in the amount of $0.89 million are less
than 2024 by 23.09% due to back taxes received in
2024. Gambling tax is 4.4% or .026 million less
than 2024.
Utility Tax receipts in the amount of $3.4 million
are more than the 2025 Plan by 4.2% and more
than 2024 by 5.7%. We continue to experience a
significant decline in telecommunications tax as
shown in the chart below.
The City has franchises with water and cable
services with fees imposed at 6% and 5%,
respectively. The City also has agreements with
Seattle City Light, which imposes a 6% contract
fee on total electrical revenues, and Ronald
Wastewater District, which imposes an Interlocal
Operating Agreement Fee. More information is
available at
http://www.shorelinewa.gov/government/departm
ents/city-clerk-s-office/agreements-and-
contracts/utility-franchise-agreements-document-
library/-folder-386.
60.4%
61.3%
59.3%57.3%
60.6%51.1%
75.2%67.1%
69.7%76.8%
$0.0
$0.5
$1.0
$1.5
2024 2025 2024 2025 2024 2025 2024 2025 2024 2025
Mi
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Utility Tax Receipts
Actual Current Plan
Natural
GasGarbageCable TVTelecommu-
nicationsStorm
Drainage
72.3%38.8%36.4%43.4%
67.4%68.7%
45.6%44.4%
78.6%79.9%
$0.0
$1.0
$2.0
$3.0
$4.0
$5.0
$6.0
2024 2025 2024 2025 2024 2025 2024 2025 2024 2025
Mi
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Business & Occupation Tax, Gambling Tax, Utility Tax, Franchise Fee, and Contract Payment
Receipts
Actual Current Plan
Business & Occupation Tax Gambling Tax Utility Tax Franchise Fee Contract Payment
Item 2.2
Packet pg. 122/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
10
Development Revenue
2025 Current Plan $3,321,110
2025 Third Quarter Actual Revenue $3,702,288
% of 2025 Current Plan 111.5%
2024 Current Plan $3,336,250
2024 Third Quarter Actual Revenue $3,886,382
% of 2024 Current Plan 116.5%
2025 v. 2024 $ Change ($184,094)
2025 v. 2024 % Change -4.7%
Development revenue receipts, including right-of-way permits, are down 4.7% year over year. Revenues from
Permit and Plan Check Fees are less than 2024 by 5.2% through Q3 2025, total permit applications are 1,256. This
is a 2% decrease compared to 2024. Total permits issued in these categories below are 1,135. This is an 11%
decrease compared to 2024. Approximately $548,682 in revenue from 2021 through 2024 was deferred to 2025 for
inspections that have been paid for but not yet performed. Ongoing economic uncertainty, high interest rates and
tariffs continue to contribute to increased financing and construction costs, which is a significant factor in the
decrease in permit revenue.
111.5%116.5%
$0.0
$2.0
$4.0
$6.0
2025 2024
Mi
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Actual Budgeted Revenues
-
500
1,000
1,500
2,000
$-
$100
$200
$300
$400
$500
$600
2022 2023 2024 2025
Mi
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Q3 Historical Total Permits
Total $ Permit Valuation Applied Total $ Permit Valuation Issued
Total # Permits Applied Total # Permits Issued
2022 2023 2024 2025
YTD Actual $4,221,421 $4,564,084 $3,419,309 $3,242,712
PCD's Forecast $2,590,964 $1,784,845 $2,084,313 $2,051,151
Permits & Plan Check Fees 3,342 2,724 2,885 2,782
0
1,000
2,000
3,000
4,000
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000 Permit & Plan Check Fees Historical Comparison
Item 2.2
Packet pg. 123/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
11
Parks and Recreation Revenue
2025 Current Plan $1,819,123
2025 Third Quarter Actual Revenue $1,723,760
% of 2025 Current Plan 94.8%
2024 Current Plan $1,762,328
2024 Third Quarter Actual Revenue $1,654,060
% of 2024 Current Plan 93.9%
2025 v. 2024 $ Change $69,700
Revenue from the rentals and drop-in use of the City park facilities, fields, and open spaces has remained
constant year-over-year, despite the loss of a regular tennis court renter in 2025. Indoor facility rentals have also
remained constant compared to this time last year, despite closures at Richmond Highlands Recreation Center,
due to increased rentals at Spartan Recreation Center. Richmond Highlands Recreation Center reopened for
indoor rentals beginning in October 2025 and rental revenue will be reflected in the fourth quarter revenue report.
Recreation revenues for programs have continued to increase year-over-year due to the addition of more camps,
preschool sports programs, and an adult pickleball league. Camp fees increased in 2025, which has also
contributed to the increase in revenue.
Parks and Recreation revenue receipts are 4.21% more than the year-ago level with receipts for general recreation
programs more than the year-ago level by 6.6% and facility rentals 0.6% more than the year-ago level.
94.8%93.9%
$0.0
$0.5
$1.0
$1.5
$2.0
2025 2024
Mi
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Actual Budgeted Revenues
Revenue by Program Area:
Year
General Gen Rec Facility Fac Rent Total
Program
Revenue
Non-
Program
Revenue Recreation % of Total Rentals % of Total
2021 $602,136 66.3% $305,700 33.7% $907,835 $40,877
2022 $843,239 63.3% $488,357 36.7% $1,331,596 $44,357
2023 $1,012,032 65.9% $522,777 34.1% $1,534,809 $64,386
2024 $1,043,889 65.7% $545,417 34.3% $1,589,306 $64,753
2025 $1,112,973 67.0% $548,754 33.0% $1,661,727 $62,033
2021 2022 2023 2024 2025
General Recreation $602,136 $843,239 $1,012,032 $1,043,889 $1,112,973
Facility Rentals $305,700 $488,357 $522,777 $545,417 $548,754
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
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Item 2.2
Packet pg. 124/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
12
Street Fund
Street Fund Resources Expenditures
2025 Operating Plan $1,206,65
0 $2,115,285
2025 Actual $683,029 $1,388,510
% of 2025 Operating Plan 56.6% 65.6%
2024 Operating Plan $1,242,76
0
$2,048,588
2024 Actual $706,104 $1,415,636
% of 2024 Operating Plan 56.8% 69.1%
Actual 2025 v. 2024 $
Change
($23,075) ($27,126)
Actual 2025 v. 2024 %
Change -3.3% -1.9%
The table shows Street Fund receipts, excluding transfers in, are 3.3% less than 2024. Operating expenditures,
excluding transfers out, are 1.9% less than 2024. Expenditures, including transfers out, are 0.6% less than 2024.
The Motor Vehicle Fuel Excise Tax, commonly referred to as Gas Tax, is assessed by the State as cents per gallon
so revenue depends on the number of gallons sold, not the dollar value of the sales. It is then distributed monthly
on a per capita basis to the City of Shoreline and placed in the Street Fund. When analyzing monthly Gas Tax
receipts, it is important to note there is a two-month lag from the time that Gas Tax is collected to the time it is
distributed to the City. Therefore, the distribution received in March through September 2025 reflects activity from
January through July. Looking at the Gas Receipts by Month chart you see a spike in April which was the result of a
system upgrade that happened which resulted in lower payments from January thru March but was caught up in
April.
Distributions for this period total $0.679 million, which is 2.6% less than 2024.
56.6%56.8%
65.6%69.1%
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
2025 2024 2025 2024
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Actual Current Plan
Operating
Revenues
Operating
Expenditures
$0.73 $0.73 $0.70 $0.68
-50%-40%-30%-20%-10%0%10%20%30%40%50%
$0.0
$0.2
$0.4
$0.6
$0.8
2022 2023 2024 2025
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Gas Tax Receipts by Year
Gas Tax Receipts
$0.00
$0.05
$0.10
$0.15
$0.20
$0.25
J F M A M Ju Jy A S O N D
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Gas Tax Receipts by Month
2025 2024
0.80 1.05 1.24 1.31 1.09
$0.0
$0.5
$1.0
$1.5
2021 2022 2023 2024 2025
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General Fund Contribution to Street Fund
Item 2.2
Packet pg. 125/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
13
General Capital Fund
General Capital Fund Resources Expenditures
2025 Current Plan Total $25,316,364 $21,413,827
Less:
2025 Use of Fund Balance 4,802,978 N/A
2025 Other Sources & Transfers 14,202,554 7,309,811
2025 Capital Plan $6,310,832 $14,104,016
2025 Actual $2,110,552 $1,683,859
% of 2025 Capital Plan 33.4% 11.9%
2026 Current Plan Total $3,893,373 $3,693,373
Less:
2026 Use of Fund Balance 1,366,542 N/A
2026 Other Sources & Transfers 527,262 722,241
2026 Capital Plan $1,999,569 $2,971,133
2026 YTD Actual $0 $0
% of 2026 Capital Plan 0.0% 0.0%
2025-2026 Capital Plan $8,310,402 $17,075,148
2025-2026 Actual $2,110,552 $1,683,859
% of 2025-2026 Capital Plan 25.4% 9.9%
Third Quarter Actual receipts are largely
comprised of Real Estate Excise Tax,
which is discussed separately in this
report. The 2025 plan includes one-time
transfers from the General Fund, Park
Impact Fee Fund, Surface Water &
Wastewater Utility Fund, and Roads
Capital Fund. Funds are transferred as
expenditures are incurred by the
projects.
The table shows capital projects
expended 11.9% of the 2025 current
plan. More information on the scope and
timing of capital projects can be found
on pp. 283-308 of the City’s 2025-2026
Adopted Biennial Budget and 2025-2030
Capital Improvement Plan book
42.7%
9.8%
5.2%
32.2%
1.5%
20.5%
Real Estate Excise Tax
General Capital Grants
General Fund Support
Other Funds Support
Park Impact Fees
Other Revenues
Actual 2025-2026 Current Plan
Item 2.2
Packet pg. 126/148
14
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
Park Bond Capital Fund
Project Overview
In February 2022, the Shoreline community passed the Proposition 1 Bond measure, that among other
improvements within the City included improvements to eight of the City's parks. Brugger's Bog, Briarcrest,
Hillwood, Richmond Highlands, James Keough Park, Ridgecrest, Shoreview, and Kruckeberg Botanic Gardens will
all receive capital improvements. To streamline the permitting and construction process, we are bundling projects
based on their scope and permitting requirements. We anticipate substantially completing all park improvements
by late-Summer or early-Fall 2025, which is 6 months later than originally planned. The delay is primarily due to
unanticipated additional storm water infrastructure compliance requirements. More information is available on
the website below.
https://www.shorelinewa.gov/government/projects-initiatives/2022-park-bond-projects
Project Budgets reflect allocations from 2022 Park Bonds as well as General Fund allocations committed by City
Council and projected interest earnings. The actual budget allocations for each project have been updated for the
2023-2030 CIP to reflect project allocations based on Council Adopted Guaranteed Maximum Price (GMP)
Amendments through June 2024 for Bundles 1 and 2 and estimates for future GMP Amendment. Final budget
allocations will be made after the final GMP for Bundle 3 is adopted by Council.
Park Bond Projects
2025-2026
Budget
2025-2026
Actual
Amount
Remaining
Parks Bond Project Management $722,762 $190,659 $532,102
Parks Bond Projects $0 $0 ($0)
PK BND: PROs Plan Parks Acquisitions $26,141 $0 $26,141
PK BND: Park Improvements $3,689,552 $0 $3,689,552
PK BND Public Art $935,762 $55,097 $880,665
PK BND West Echo Lake Park $275,377 $53,483 $221,894
PK BND 192nd Hemlock Park $201,229 $52,934 $148,296
PK BND: Westminster Park $176,631 $70,850 $105,782
Bundle 1
PK BND Kruckeberg Park $0 $47,150 ($47,150)
PK BND Shoreview Park $501,792 $440,860 $60,932
PK BND Ridgecrest Park $0 $38,167 ($38,167)
Bundle 2
PK BND: Richmond Highlands Park $3,554,415 $3,341,885 $212,531
PK BND: James Keough Park $3,829,168 $3,604,338 $224,829
PK BND: Bruggers Bog Park $4,389,500 $457,279 $3,932,221
Bundle 3
PK BND Hillwood Park $3,367,725 $140,805 $3,226,920
PK BND Briarcrest Park $5,814,577 $836,009 $4,978,568
Total $27,484,632 $9,329,533 $18,155,099
Item 2.2
Packet pg. 127/148
14
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
Project Status Updates
As of September 2025:
Ridgecrest Park, Shoreview Park, Kruckeberg Botanic Garden, and Richmond Highlands Park are the first of eight
2022 Parks Bond projects to be completed. Come and check out the new amenities including an off-leash dog
park and playground at Ridgecrest Park, fully accessible boardwalk at Kruckeberg, and sensory garden at
Richmond Highlands Park.
Project Phases
Bundle 1:
• Ridgecrest Park - Reopened June 2024.
• Kruckeberg Botanic Garden - New boardwalk reopened August 9, 2024.
• Shoreview Park – Reopened January 2025.
Bundle 2:
• Richmond Highlands Park – Reopened September 2025.
• James Keough Park – Closed January 2025 until fall 2025
• Brugger’s Bog Park – Closed August 2025 until fall 2026.
Bundle 3:
• Upper Hamlin Park -Closed for improvements April 2025 through Fall 2026.
• Hillwood Park: 2025 construction delayed due to permitting
Please note that these dates are subject to change.
Item 2.2
Packet pg. 128/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
15
Roads Capital Fund
Real Estate Excise Tax
Real Estate Excise Tax (REET) revenue receipts, in the amount of $2,962,613, are 1.4% more than 2024 and 12.7%
greater than current projections through the 3rd quarter. REET revenue is split evenly between Roads and General
Capital funds.
Roads Capital Fund Resources Expenditures
2025 Capital Plan Total $92,872,705 $91,351,075
Less:
2025 Use of Fund Balance 3,266,687 N/A
2025 Other Sources & Transfers 13,726,515 3,937,488
2025 Capital Plan $75,879,502 $87,413,587 2025 Actual $17,560,178 $21,435,368
% of 2025 Capital Plan 23.1% 24.5%
2026 Capital Plan Total $37,740,851 $36,700,748
Less:
2026 Use of Fund Balance 3,850,152 N/A
2026 Other Sources & Transfers 6,504,246 3,058,831
2026 Capital Plan $27,386,453 $33,641,916 2026 YTD Actual $0 $0
% of 2026 Capital Plan 0.0% 0.0%
2025-2026 Capital Plan $103,265,955 $121,055,503 2025-2026 Actual $17,560,178 $21,435,368
% of 2025-2026 Capital Plan 17.0% 17.7%
Receipts are largely comprised of Real
Estate Excise Tax and Grants. The 2025-
2026 plan includes one-time transfers
from the General Fund and
Transportation Impact Fee Fund. To see
a listing of General Fund contributions
to Roads Capital Projects see the table
on Page 4. Funds are transferred from
the General Fund and Transportation
Impact Fee Fund as expenditures are
incurred by the projects.
Capital projects expended 17.7% of the
current plan for the Capital Budget.
Capital expenditures are impacted by
the timing of construction schedules.
Transfers Out are comprised of
transfers to the General Fund for
overhead. More information on the
scope and timing of capital projects,
including updated estimates, can be
found on pp. 319-348 of the City’s 2025-
2026 Adopted Biennial Budget and
2025-2030 Capital Improvement Plan
book.
42.7%
26.7%
0.0%
34.2%
0.0%
0.0%
1.3%
Real Estate Excise Tax
Roads Capital Grants
General Fund Support
TBD VLF
Transportation Impact Fees
TBD Support
Other Revenues
Actual 2025-2026 Current Plan
$1.91 $2.85 $2.68 $2.36 $2.45 $4.66 $4.66 $2.59 $2.92 $2.96
-12.0%49.1%-6.0%-12.0%3.7%
90.4%
0.0%-44.4%
12.7%
1.4%
-100%
0%
100%
$0.0
$2.0
$4.0
$6.0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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Real Estate Excise Tax Receipts by Year
REET Receipts % Change from Previous Year
Item 2.2
Packet pg. 129/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
1 16
Sidewalk Expansion
2020 LTGO Bond Fund Resources Expenditures
2025 Current Plan Total $2,561,103 $922,600
Less:
2025 Use of Fund Balance 0 N/A
2025 Other Sources & Transfers 0 0
2025 Current Plan $2,561,103 $922,600
2025 Actual $2,203,239 $148,800
% of 2025 Current Plan 86.0% 16.1%
2026 Capital Plan Total $2,650,071 $923,516
Less:
2026 Use of Fund Balance 0 N/A
2026 Other Sources & Transfers 0 0
2026 Current Plan $2,650,071 $923,516
2026 YTD Actual $0 $0
% of 2026 Current Plan 0.0% 0.0%
2025-2026 Current Plan $5,211,174 $1,846,116
2025-2026 Actual $2,203,239 $148,800
% of 2025-2026 Current Plan 42.3% 8.1%
The regular Sales Tax rate is 10.2%
with the City’s general operation’s
portion accounting for 0.85% of the
rate. At the November 6, 2018 General
Election, Shoreline voters approved an
additional 0.2% Sales Tax rate for the
Shoreline Transportation Benefit
District, revenue from which is
reported in the Sidewalk LTGO Bond
Fund and used to pay the debt service
for the bonds issued to fund the New
Sidewalks Program. Collections
started in April 2019. Receipts for
2025, in the amount of $1.862 million,
are 5.3% less than 2024. In 2020, the
City received $11.539 million in bond
proceeds for the New Sidewalks
Program.
Capital expenditures are impacted by
the timing of construction schedules.
More information on the scope and
timing of capital projects, including
updated estimates, can be found on
pp. 329-348 of the City’s 2025-2026
Adopted Biennial Budget and 2025-
2030 Capital Improvement Plan book.
Sidewalk Expansion Fund Resources Expenditures
2025 Capital Plan Total $5,244,719 $5,244,719
Less:
2025 Use of Fund Balance 245,646 N/A
2025 Other Sources & Transfers 4,645,843 0
2025 Capital Plan $353,230 $5,244,719
2025 Actual $173,701 $769,371
% of 2025 Capital Plan 49.2% 14.7%
2026 Capital Plan Total $9,631,499 $9,631,499
Less:
2026 Use of Fund Balance 0 N/A
2026 Other Sources & Transfers 9,631,499 0
2026 Capital Plan $0.00 $9,631,499
2026 YTD Actual $0 $0
% of 2026 Capital Plan 0.0% 0.0%
2025-2026 Capital Plan $353,230 $14,876,218
2025-2026 Actual $173,701 $769,371
% of 2025-2026 Capital Plan 49.0% 5.2%
$0.00$0.05$0.10$0.15$0.20$0.25$0.30$0.35
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TBD Sales Tax Revenues
2025 2024
Item 2.2
Packet pg. 130/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
17
ENTERPRISE FUNDS
Surface Water Utility Fund
+ + + Surface Water Utility Fund Resources Expenditures
2025 Current Plan Total $24,932,481 $25,168,344
Less:
2025 Use of Fund Balance 3,126,254 N/A
2025 Other Sources &
Transfers
7,940,787 2,044,635
2025 Operating & Capital
Plan
Revenues/Expenditures
$13,865,439 $23,123,709
2025 Actual $7,226,611 $4,401,891
2025 Actual Transfers $0 $902,865
% of 2025 Current Plan 52.1% 19.0%
2026 Current Plan Total $12,877,738 $12,079,221
Less: 2026 Use of Fund Balance 47,293 N/A
2026 Other Sources &
Transfers
16,963 1,270,358
2026 Operating & Capital
Plan
Revenues/Expenditures
$12,813,482 $10,808,863
2026 YTD Actual $0 $0
2026 Actual Transfers $0 $0
% of 2026 Current Plan 0.0% 0.0%
2025-2026 Operating &
Capital Plan
Revenues/Expenditures
$26,678,921 $33,932,572
2025-2026 Actual $7,226,611 $4,401,891
% of 2025-2026 Current Plan 27.1% 13.0%
The Surface Water Utility Fund (SWM) includes both
on-going operational programs and capital projects
with both being reflected in the total expenditures
and revenues for the fund.
SWM ongoing revenues include storm drainage fees
and investment interest earnings. Surface Water Fee
payments are due to King County in April and
October. The County then must remit the City’s
portion resulting in most collections occurring in the
second and fourth quarters.
Surface Water Utility operations expended 43.4% of
the current plan for the Operating Budget, which is
8.6% less than 2024. Capital projects expended 8.2%
of the current plan for the Capital Budget. Capital
expenditures are impacted by the timing of
construction schedules.
More information on the scope and timing of capital
projects, including updated estimates, can be found
on pp. 349-372 of the City’s 2025-2026 Adopted
Biennial Budget and 2025-2030 Capital Improvement
Plan book.
Wastewater Utility Fund
Wastewater Utility Fund Resources Expenditures
2025 Current Plan Total $35,672,789 $35,348,732
Less:
2025 Use of Fund Balance 2,010,310 N/A
2025 Other Sources & Transfers 8,784,656 1,781,517
2025 Current Plan
Revenues/Expenditures
$24,877,823 $33,567,215
2025 Actual $20,826,125 $17,117,428
2025 Actual Transfers $0 $1,083,156
% of 2025 Current Plan 83.7% 51.0%
2026 Current Plan Total $29,119,338 $28,858,162
Less:
2026 Use of Fund Balance 1,328,026 N/A
2026 Other Sources & Transfers 551,217 1,543,845
2026 Current Plan
Revenues/Expenditures
$27,240,096 $27,314,317
2026 YTD Actual $0 $0
2026 Actual Transfers $0 $0
% of 2026 Current Plan 0.0% 0.0%
2025-2026 Current Plan
Revenues/Expenditures
$52,117,919 $60,881,532
2025-2026 Actual $20,826,125 $17,117,428 % of 2025-2026 Current Plan 40.0% 28.1%
The City of Shoreline completed the assumption of
Ronald Wastewater District on April 30, 2021. The
Wastewater Utility Fund (WW) will begin to include both
on-going operational programs and capital projects with
both being reflected in the total expenditures and
revenues for the fund.
Wastewater Revenues are currently 83.7% of plan and
more than the prior year by $2,413,584, or 13.1%.
Expenditures are currently 51.0% of plan and more than
the prior year by $1,297,518 or 8.2%. Because this fund,
like surface water, includes capital expenditures, the
timing of project expenditures can vary greatly.
More information on the scope and timing of capital
projects, including updated estimates, can be found on
pp. 373-387 of the City’s 2025-2026 Adopted Biennial
Budget and 2025-2030 Capital Improvement Plan book.
61.7%
7.6%
67.4%
Surface Water Fees
Surface Water Grants
Other Revenues
Actual 2025 Current Plan
82.5%
0.0%
135.3%
Wastewater Fees
Wastewater Grants
Other Revenues
Actual 2025 Current Plan
Item 2.2
Packet pg. 131/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
18
Investment Report: September 30, 2025
The City’s investment policy follows federal law, state statutes, and local ordinances and provides a framework to
maximize returns while maintaining the primary objectives of safety and liquidity.
Our yield objectives are an important part of the City’s investment policy. To evaluate whether market yields are
being achieved, the City compares portfolio performance against a benchmark. The benchmark is the current yield
to maturity of the Washington State Local Government Investment Pool (LGIP), which served as the City’s primary
investment vehicle before adoption of the Investment Policy.
As of September 30, 2025, the City’s investment portfolio, excluding the LGIP, had a weighted average rate of
return of 4.27%, compared to 4.29% for the LGIP. This modest difference is typical during periods of sharply rising
interest rates, as the LGIP holds very short-term investments that adjust more quickly to market changes. With a
recent rate cut in September, late October, potentially December, the City expects its portfolio to meet or exceed
the LGIP benchmark over the long term.
Total investment interest earnings through September 30, 2025 were $5,423,140. As rate cuts continue, we
anticipate interest revenue to be significantly less in 2026. This amount reflects the reversing entry from our year-
end requirement to record an unrealized gain or loss for our investments at the end of the year. The entry is
reversed at the beginning of the following year, which impacts our current year to date results. The unrealized loss
as of 12/31/2024 was $59,533. However, as we have noted before this is strictly a financial accounting issue and
we would not expect to experience either a gain or a loss on the investment, because we expect to hold these
investments to their maturity.
In 2022, the City began outsourcing management of a portion of the City’s investment portfolio to PFM, the City’s
Financial Advisor. We actively monitor the PFM returns and given current market conditions, updates to the City’s
investment policy, staff are taking steps to expand the amount that is being managed by PFM when possible. Staff
work closely with PFM to ensure that we manage our portfolio to meet all three of our stated investment goals:
safety, liquidity, and return. In addition, the city expanded its time limit on bond investments from two to five
years. This is intended to improve all aspects of the stated goals in the policy.
As of September 30, 2025, the City’s investment portfolio had a fair value of $186.11 million. Approximately 41.2%
of the investment portfolio was held in U.S. government instrumentality securities or securities of similar
investment grade, and 58.8% was held in the Washington State Investment Pool. The City’s investment portfolio
valued at cost as of September 30, 2025, was approximately $185.34 million. The difference between the cost and
the market value of the portfolio represents either the loss or the gain of the portfolio if the City were to liquidate
investments as of the day that the market value is stated. This would only be done if the City needed to generate
cash. The City generally holds all its investments until the scheduled maturity date, and therefore when the
investments mature, the principal market value should equal the cost of the investment.
The City also holds sufficient investments within the State Pool to allow for immediate cash liquidation if needed.
Item 2.2
Packet pg. 132/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
18
LGIP Cash and Investment Balances
September 30, 2025
Investment Instruments
Investment
Cost
Yield To
Maturity
Unrecognized
Gain/(Loss)
Market Value
6/30/2025
PFM Investment 53,294,434 4.2700% 766,850 54,061,284
US Bank - Demand Deposit SLGS 22,669,885 22,669,885
State Investment Pool 109,383,286 4.29217% 109,383,286
Total LGIP + Investments $185,347,604 $766,850 $186,114,455
Portfolio Diversification
Instrument Type Percentage Amount at Cost Amount at Market Value
PFM Investment 29.0% 53,294,434 54,061,284
US Bank - Demand Deposit SLGS 12.2% 22,669,885 22,669,885
State Investment Pool 58.8% 109,383,286 109,383,286
Total LGIP + Investments 100% $194,321,267 $186,114,455
0.0000%
1.0000%
2.0000%
3.0000%
4.0000%
5.0000%
6.0000%
Oc
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LGIP Interest Rate Yield From 2 YR Govt. Agency Bonds
Item 2.2
Packet pg. 133/148
2025 Third Quarter Financial Report
2025 THIRD QUARTER FINANCIAL REPORT
18
Investments by Fund
Fund
Investments
at Cost as of
9/30/2025
LGIP State
Investment
Pool as of
9/30/2025
Total LGIP +
Investments at
Cost by Fund as
of 9/30/2025
Unrecognized
Gain/(Loss) as
of 9/30/2025
Total Market
Value of
Investments
by Fund as of
9/30/2025
2025 Actual
Investment
Earnings
001 General $22,837,284 $46,872,009 $69,709,294 $328,604 $70,037,898 $1,931,080
101 Street 54,583 112,029 166,613 785 167,398 3,652
107 Code Abatement 179,095 367,580 546,674 2,577 549,251 14,902
108 Asset Seizure 123,773 254,036 377,808 1,781 379,589 10,594
109 Public Arts 126,413 259,454 385,867 1,819 387,686 12,239
112 Fed Drug Enforcement 7,114 14,600 21,714 102 21,816 402
116 Fed Crim Forfeit 10,951 22,476 33,427 158 33,585 866
117 Transportation Impact Fees 3,692,090 7,577,769 11,269,859 53,125 11,322,984 336,660
118 Parks Impact Fees 2,859,851 5,869,655 8,729,506 41,150 8,770,656 215,104
190 Revenue Stabilization 2,262,642 4,643,923 6,906,566 32,557 6,939,123 205,197
230 Sidewalk LTGO Bond Admin 15,528,095 0 15,528,095 0 15,528,095 341,486
301 General Capital 7,360,723 15,107,396 22,468,119 105,913 22,574,032 907,770
312 City Fac-Mjr Maintenance 214,233 439,698 653,931 3,083 657,014 18,150
330 Roads Capital 10,196,313 6,269,205 16,465,518 43,951 16,509,469 472,719
401Surface Water Utility Fund 3,276,387 6,724,567 10,000,955 47,144 10,048,098 327,272
405 Wastewater Fund 5,300,507 10,878,938 16,179,445 76,269 16,255,713 451,724
411 SWM Sub Fund Admin 102,220 209,799 312,019 1,471 313,490 4,543
415 Wastewater Sub Fund Admin 225,060 461,921 686,981 3,238 690,220 9,116
501 Vehicle Oper/Maintenance 0 0 0 0 0 0
503 Equip Dep Replace 1,606,985 3,298,230 4,905,215 23,123 4,928,338 159,662
505 Unemployment 0 0 0 0 0 0
Total Investments $75,964,319 $109,383,286 $185,347,604 $766,850 $ 186,114,455 $5,423,140
Item 2.2
Packet pg. 134/148
City Council Agenda Item 2.3
March 17, 2026 - Finance Committee
TITLE:Budget Amendment – April 2026 (First Reading)
DEPARTMENT:Finance
PRESENTER:Richard Gould
NEEDED FROM COUNCIL:Action
RECOMMENDATION:Move to full Council for approval.
BUDGET:
Total Dollar Amount:$469,765 ☐ Approved in Budget
Fund(s):Various ☒ Budget Reallocation Required
☐ No Budget Impact
PROBLEM/ISSUE STATEMENT:
This will be the first Budget Amendment for 2026. It is necessitated by one project in the Marsh Fund, IT
additional expenditures and a Park Impact Fee study. We will also be adding Transportation Benefit
District (TBD) revenues due to the sales tax increase approved by the City Council (Roads).
CONTEXT, ANALYSIS, & ALTERNATIVES:
Last year the first Budget Amendment was made in May. It was primarily due to the mayor’s budget cuts
(approximately $1.5m) and a capital project from Parks. Later in the year we modified the Biennial
Budget in November/December as is a usual practice with Biennial Budgets for the many adjustments
that usually happen by mid biennium. It is best practice to keep budget amendments to a minimum. The
goal here is to have no more than two budget amendments annually. The modification is a budget
amendment. The problem with multiple Budget Amendments following where the original budget
started and track the changes without the reports becoming difficult to manage.
Now, due to the early date of this amendment we may need a mid-year one for fund balance
adjustments made during year end and the State Audit.
RECOMMENDATION:
Move to full Council for approval.
BUDGET IMPACTS:
This budget amendment will impact three funds, the General Fund (Parks), the Marsh Fund (017) and
the Technology Rental Fund (512)
ITEM HISTORY:
First amendment of 2026 and third of this Biennium.
ADDITIONAL INFORMATION:
Item 2.3
Packet pg. 135/148
There is a potential for pushing this amendment to May depending upon the timing of the March grant
to be received. We would use this to add more items that arise needing to be amended.
ATTACHMENTS:
Supporting documentation for the necessary items to amend the budget.
Item 2.3
Packet pg. 136/148
2026 Budget Adjustmenmt 1 Technology Services Fund Allocation
BARs (old)
Building Dept 001.000.62.524.20.45.11
Clerks Office 001.000.31.514.31.45.11
Council 001.000.11.511.60.45.11
Courts 001.000.23.512.51.45.11
Community Services 001.000.61.557.20.45.11
Development Serv 001.000.62.524.10.45.11
Engineering 001.000.67.518.21.45.11
Finance 001.000.31.514.23.45.11
Fire 001.000.39.522.20.45.11
Human Resouces 001.000.22.518.10.45.11
Mayors Office 001.000.21.513.10.45.11
Parks 001.000.64.571.22.45.11
Planning 001.000.62.558.60.45.11
Police Department 001.000.41.521.10.45.11
Public Works 001.000.65.518.20.45.11
421 Water 421.000.74.534.80.45.11
422 Storm 422.000.72.531.90.45.11
423 Sewer 423.000.75.535.80.45.11
Waste Water 423.000.76.535.80.45.11
Rental A fund Charge 512.000.348.00.000.00
2026 Budget Amendment 1
Eptura - fleet mangement software updated program to web based
Text Capture additional phones, cost per line increase
infoWorks, InfoWater, Pinnacle additional seat license
Item 2.3
Packet pg. 137/148
GL ACCOUNT (New)Amount
001.00.62.558.5585040.000.545110.$481
001.00.25.514.5143140.000.545110.$266
001.00.61.557.5572040.000.545110.$240
001.00.11.511.5116040.000.545110.$841
001.00.51.512.5125140.000.545110.$256
001.00.62.524.5241040.000.545110.$355
001.00.71.518.5182140.000.545110.$3,481
001.00.31.514.5142340.000.545110.$590
001.00.39.522.5222040.000.545110.$-
001.00.22.518.5181040.000.545110.$434
001.00.21.513.5131040.000.545110.$282
001.00.64.571.5712240.000.545110.$1,102
001.00.62.558.5586040.000.545110.$543
001.00.41.521.5211040.000.545110.$5,171
001.00.70.518.5182040.000.545110.$904
421.00.73.534.5348040.000.545110.$2,734
422.00.74.531.5319040.000.545110.$2,598
423.00.75.535.5358540.000.545110.$104
423.00.76.535.5358640.000.545110.$642
$21,025
512.00.00.348.3480000.000.348005.
2026
Totals $21,025
$9,950 ongoing
$3,500 ongoing
$7,575 ongoing
updated program to web based
additional phones, cost per line increase
Item 2.3
Packet pg. 138/148
Parks:
We have two amendments –
1.Park Impact Fee Study Update/Code Revision, $55,000, GL code
001.00.64.571.5712140.000.541000
Changes to State RCW requires revisions to the calculation of park impact fees. In
addition, the city’s Park Impact Fee Study was last revised in 2015 and should be
updated. This project needs to be incorporated into the 2025-2026 budget due to timing
of the RCW revisions. The funding is ineligible to come from REET or, ironically, PIF
sources.
2.Potentially –Mountlake Ballinger Park ILA for improvement project led by MLT
benefiting Edmonds residents. This agreement, originally approved in 2023 and
amended in December for an extension is attached. This expenditure was approved by
City Council for 2025 payment, but the project was delayed and is expected to be
completed and paid to MLT in 2026. It was not carried forward to 2026 because when
we were updating the 2026 capital projects for budget, we were told by MLT it was to
be complete by the end of 2025. Not sure if this requires council approval as a budget
amendment –I will follow your recommendation.
Description Amount Fund New / Carryforward GL Code
Park Impact Fee Study -Professional Services $60,000 GF New 001.00.64.571.5712140.000.541000.
MLT Ballinger Park ILA $ 200,000 REET 125 Carryforward 125.00.64.594.5947640.000.541000.
Item 2.3
Packet pg. 139/148
City Engineer:
Edmonds Marsh Preliminary Design
Revenue
Grant 677,400$
Fund 017 98,240$
Citizen Cash Donations 50,000$
Citizen Volunteer Hours 240,500$
Total 1,066,140$
Expenditures
Interfund Services 92,000$
Professional Services 733,640$
Volunteer Hours 240,500$
Total 1,066,140$
Here are the numbers for the Marsh/NFWF grant project.
The preliminary budget numbers for the budget amendment, is attached along with the
original grant budget details spreadsheet that was generated as part of the original grant
ask.You should have already received the second spreadsheet from Russ, but I thought it
would be best to have it all in one place.
At the end of this project, the goal is to have a preliminary 30% design for the marsh
restoration completed.
Item 2.3
Packet pg. 140/148
Project Pipeline Category 2 - Site Assessment & Preliminary Design - Budget
Tas
k #Task Title Subcontracts Public Works
1 Conceptual Design $75,000 $3,000
2 Hydraulic Engineering and Assessment $200,000 $3,000
3 Stormwater Analysis $50,000 $4,000
4 Community Engagement $50,000 $2,000
5 Support Studies
5.1 Land purchase appraisal $10,000
5.2 Cultural/Historical Review $75,000
5.3 Geotechnical Review/Recommendations $15,000 $2,000
6 Preliminary Design $200,000 $5,000
7 Cost Estimates $50,000
8 Draft Financial Plan
9 Risk and Vulnerability Assessment $2,400
10 Pilchuck Audubon Marsh bird survey
11 UW WSMP Marsh wetland studies
Subtotals $727,400 $19,000
12 Grant admininstration (10%)$72,740
TOTAL $91,740
Grant Totals
Total project cost $1,066,140
Match
Cash contribution $50,000
Citizen volunteer work hours match $240,500
City work hours match $98,240
Total match $388,740
Grant request $677,400
Item 2.3
Packet pg. 141/148
Parks Volunteers
$2,000 $10,000
$10,500
$6,500
$2,000 $33,000
$3,500
$7,000
$1,000
$2,500 $20,000
$5,000
$20,000
$24,000
$40,000
$60,000
$6,500 $240,500 $993,400
$1,066,140
Cost
57%
Project Pipeline Category 2 - Site Assessment & Preliminary Design - Budget
Item 2.3
Packet pg. 142/148
Ballinger Park Improvements Interlocal Agreement
Page 1
INTERLOCAL AGREEMENT
BETWEEN THE CITY OF MOUNTLAKE TERRACE AND THE CITY OF EDMONDS
FOR BALLINGER PARK IMPROVEMENTS
This Interlocal Agreement (“Agreement”) is made and entered into this 2nd day of October
2023, by and between the CITY OF MOUNTLAKE TERRACE, a municipal corporation of the State
of Washington (“Mountlake Terrace”), and the CITY OF EDMONDS, a municipal corporation of the
State of Washington (“Edmonds”) pursuant to Chapter 39.34 RCW.
WHEREAS, the Parties share an interest in community parks and recreation opportunities; and
WHEREAS, Ballinger Park lies within the City of Mountlake Terrace which abuts the City of
Edmonds; and
WHEREAS, residents of Mountlake Terrace and Edmonds use and enjoy Ballinger Park; and
WHEREAS, Mountlake Terrace desires to construct improvements on the west side of Ballinger
Park including a viewing platform, trails, and an improved Interurban Trail entry (“the Project”); and
WHEREAS, Edmonds desires to support improvements to Ballinger Park for more convenient
access at the park’s west perimeter and increased access to and on Lake Ballinger by Edmonds residents
by providing funding in support of Project construction activities;
NOW, THEREFORE, the parties hereto, in consideration of the promises and mutual covenants
set forth herein, agree as follows:
1.PURPOSE. The purpose of this Agreement is to define the responsibilities of the parties as they
relate to Mountlake Terrace’s Project improving Ballinger Park and Edmonds’ financial
contribution thereto. Each party’s obligations hereunder are contingent upon local legislative
appropriation of necessary funds for this specific purpose in accordance with applicable law.
2.DURATION. This Agreement shall terminate on December 31, 2025 unless extended in writing
by the parties. A party may terminate this Agreement with 90 days prior written notice to the
other party.
3.EDMONDS’ DUTIES.
3.1. Edmonds shall pay City of Mountlake Terrace Two Hundred Thousand Dollars
($200,000) in a lump sum through an invoice after the Project has reached substantial
completion to assist with the costs of Project construction. Edmonds shall not incur any
additional obligation or liability with regard to the Project or Ballinger Park.
4.MOUNTLAKE TERRACE’S DUTIES.
4.1. Mountlake Terrace shall assume all responsibility for design and construction of the
Project, to include design of the viewing platform, various trail surfaces and an improved
Interurban Trail entry point in 2023 and 2024, and shall construct the Project no later than
the end of 2025 in accordance with regulatory agency requirements in compliance with
applicable law.
DocuSign Envelope ID: FBCA2063-5CD1-47CB-B0C4-51A9C8427D24
Item 2.3
Packet pg. 143/148
Ballinger Park Improvements Interlocal Agreement
Page 2
4.2 Mountlake Terrace agrees to maintain books, records, and documents which sufficiently
and properly reflect all direct and indirect costs and expenses allowable under this
Agreement related to the Project and maintain such accounting procedures and practices
as may be deemed necessary by law and State guidelines. These records shall be subject,
at all reasonable times, to inspection, review or audit by Edmonds, its authorized
representative, the State Auditor, or other governmental officials authorized by law to
monitor this Agreement.
5.MODIFICATION. This Agreement may be modified or amended only by written amendment
signed by each of the parties.
6.NON-DELEGATION / NO ASSIGNMENT. Neither party may delegate the performance of any
contractual obligation hereunder to a third party, unless mutually agreed upon in writing. Neither
party may assign this Agreement without the written consent of the other party.
7.HOLD HARMLESS. Each party shall be liable and responsible for the consequences of any
negligence or wrongful act or failure to act on the part of itself and its employees. Neither party
assumes responsibility for the other party for the consequences of any act or omission of the other
party or of any person, firm, or corporation not a party to this Agreement.
Mountlake Terrace shall defend, indemnify and hold Edmonds, its officers, officials, employees
and volunteers harmless from claims, injuries, damages, losses or suits including attorney fees,
arising out of, in connection with, or incident to any negligent or intentional acts, errors or
omissions, or conduct arising out of the construction of the Project, whether such claims sound in
contract, tort, or other legal theory, except for injuries and damages caused by the sole negligence
of Edmonds.
8.INSURANCE. Each party shall maintain its own insurance and/or self-insurance for its liabilities
from damage to property and /or injuries to persons arising out of its activities associated with
this Agreement as it deems reasonably appropriate and prudent. The maintenance of, or lack
thereof of insurance and/or self-insurance shall not limit the liability of the indemnifying party to
the indemnified party. Each party shall provide the other with a certificate of insurance or letter of
self-insurance as the case may be upon request.
Nothing contained herein shall modify Mountlake Terrace’s sole ownership of and responsibility
for Ballinger Park; Mountlake Terrace shall continue to insure Ballinger Park and shall insure the
Project as necessary.
9.NO JOINT VENTURE / NO SEPARATE ENTITY/ OWNERSHIP OF PROPERTY. Nothing
contained in this Agreement shall be construed as creating any type or manner of partnership,
joint venture, or other joint enterprise between the parties. The parties agree that no separate legal
entity is necessary to carry out this Agreement. Any real or personal property owned by
Mountlake Terrace will remain the property of Mountlake Terrace. Any real or personal property
used or acquired by either party in connection with the performance of this Agreement shall
remain the sole property of such party and the other party shall have no interest therein.
10.NO THIRD-PARTY RIGHTS. Except as expressly provided herein, nothing in this Agreement
shall be construed to permit anyone other than the parties hereto and their successors and assigns
to rely upon the covenants and agreements herein contained nor to give any such third party a
DocuSign Envelope ID: FBCA2063-5CD1-47CB-B0C4-51A9C8427D24
Item 2.3
Packet pg. 144/148
Ballinger Park Improvements Interlocal Agreement
Page 3
cause of action (as a third-party beneficiary or otherwise) on account of any nonperformance
hereunder.
11. ENTIRE AGREEMENT. This Agreement constitutes the entire understanding between the
parties with respect to the subject matter of this Agreement and supersedes all other agreements,
whether written or oral, between the parties.
12. EFFECTIVE DATE. This Agreement shall become effective when all parties have signed it and
it has been filed as set forth in Section 13, below. The date of this Agreement shall be the date
this Agreement is signed by the last party to sign it (as indicated by the date associated with that
party’s signature).
13. FILING. Executed copies of this Agreement shall be filed as required by Section 39.34.040 of
the Revised Code of Washington prior to this Agreement becoming effective or, alternatively,
posted on the website of each party.
14. ADMINISTRATORS. Each party to this Agreement shall designate an individual (an
“Administrator”), who may be designated by title or position, to oversee and administer such
party’s participation in this Agreement. The parties’ initial Administrators shall be the following
individuals:
Mountlake Terrace’s Initial Administrator:
Jeff Betz, Recreation and Parks Director
Recreation and Parks Department
5303 228th St. SW
Mountlake Terrace, Washington 98270
425-640-3101
jbetz@mltwa.gov
Edmonds’ Initial Administrator:
Angie Feser, Parks, Recreation &
Human Services Department
700 Main Street
Edmonds, Washington 98020
(425) 771-0256
angie.feser@edmondswa.gov
Either party may change its Administrator at any time by delivering written notice of such party’s
new Administrator to the other party.
15. NOTICES. All notices required to be given by a party to the other party under this Agreement
shall be in writing and shall be delivered either in person, by United States mail, or by electronic
mail (email) to the applicable Administrator or the Administrator’s designee. Notice delivered in
person shall be deemed given when accepted by the recipient. Notice by United States mail shall
be deemed given as of the date the same is deposited in the United States mail, postage prepaid,
and addressed to the Administrator, or their designee, at the addresses set forth in Section 14 of
this Agreement. Notice delivered by email shall be deemed given as of the date and time received
by the recipient.
16. COMPLIANCE WITH LAWS. In the performance of its obligations under this Agreement, each
party shall comply with all applicable federal, state, and local laws, rules and regulations.
17. GOVERNING LAW AND VENUE. This Agreement shall be governed by and enforced in
accordance with the laws of the State of Washington. The venue of any action arising out of this
Agreement shall be in the Superior Court of the State of Washington, in and for Snohomish County.
DocuSign Envelope ID: FBCA2063-5CD1-47CB-B0C4-51A9C8427D24
Item 2.3
Packet pg. 145/148
Ballinger Park Improvements Interlocal Agreement
Page 4
In the event that a lawsuit is instituted to enforce any provision of this Agreement, the prevailing
party shall be entitled to recover all costs of such a lawsuit, including reasonable attorney’s fees.
18.SEVERABILITY. If any provision of this Agreement or the application thereof to any person or
circumstance shall, for any reason and to any extent, be found invalid or unenforceable, the
remainder of this Agreement and the application of that provision to other persons or circumstances
shall not be affected thereby, but shall instead continue in full force and effect, to the extent
permitted by law.
19.WARRANTY OF AUTHORITY. Each of the signatories hereto warrants and represents that they
are competent and authorized to enter into this Agreement on behalf of the party for whom they
purport to sign this Agreement.
20.EXECUTION IN COUNTERPARTS. This Agreement may be executed in two or more
counterparts, each of which shall constitute an original and all of which shall constitute one and the
same agreement.
DATED THIS ______________ of _______________ 2023.
CITY OF EDMONDS CITY OF MOUNTLAKE TERRACE
____________________________________ ____________________________________
Mike Nelson, Mayor Jeff Niten, City Manager
ATTEST/AUTHENTICATED ATTEST
_____________________ _____________________
Scott Passey, City Clerk Jennifer Joki, City Clerk
APPROVED AS TO FORM APPROVED AS TO FORM
____________________ ____________________
Office of the City Attorney Hillary J. Evans, City Attorney
2nd October
DocuSign Envelope ID: FBCA2063-5CD1-47CB-B0C4-51A9C8427D24
Item 2.3
Packet pg. 146/148
#A319B PAGE 1 OF 2
AMENDMENT NO. 1 TO INTERLOCAL AGREEMENT
BETWEEN THE CITY OF MOUNTLAKE TERRACE AND THE CITY OF EDMONDS
FOR BALLINGER PARK IMPROVEMENTS
WHEREAS, the City of Mountlake Terrace and the City of Edmonds entered into an
Interlocal Agreement dated October 2, 2023 to construct improvements to Ballinger Park; and
WHEREAS, Section 5 of the Interlocal Agreement authorizes modification thereto only
by written amendment signed by each of the parties; and
WHEREAS, Section 2 of the Agreement establishes a termination date of December 31,
2025; and
WHEREAS, the parties agree that, based on circumstances outside of the parties’ control,
it is in the best interests of both to extend the termination date;
NOW, THEREFORE, for and in consideration of the mutual benefits accruing, it is
agreed by and between the parties to the Interlocal Agreement follows:
1. The provisions of the Interlocal Agreement of October 2, 2023 between the
parties, attached hereto as Attachment A and incorporated herein by this reference as if fully
set forth, is amended in, but only in, the following respect:
A. Section 2 is hereby amended to read as follows:
2. DURATION. This Agreement shall terminate on December 31, 2027 unless
extended in writing by the parties. A party may terminate this Agreement with 90 days
prior written notice to the other party.
2. In all other respects, the Interlocal Agreement shall remain in full force and
effect, amended as set forth herein, but only as set forth herein.
DATED this _____ day of ____________ 2025.
CITY OF EDMONDS CITY OF MOUNTLAKE TERRACE
Mike Rosen, Mayor Jeff Niten, City Manager
ATTEST/AUTHENTICATED: ATTEST:
Emily Villata, Deputy City Clerk Jennifer Joki, City Clerk
Docusign Envelope ID: A0F60660-C0D4-4FB3-9290-37CF8F0E0EF9Docusign Envelope ID: 54B4FEF5-889C-4632-AA94-B073F1FFE2E7
December2
Item 2.3
Packet pg. 147/148
#A319B PAGE 2 OF 2
APPROVED AS TO FORM: APPROVED AS TO FORM:
Office of the City Attorney Hillary J. Evans, City Attorney
Docusign Envelope ID: A0F60660-C0D4-4FB3-9290-37CF8F0E0EF9Docusign Envelope ID: 54B4FEF5-889C-4632-AA94-B073F1FFE2E7
Item 2.3
Packet pg. 148/148