2026-05-19 Council FIN Committee Packet
Edmonds City Council Agenda
May 19, 2026
Posted: 5/15/2026 9:57 AM Page 1
Agenda
Edmonds City Council
Finance Committee
CITY COUNCIL CONFERENCE ROOM
121 - 5TH AVENUE N, EDMONDS, WA 98020
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MAY 19, 2026, 1:00 PM
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PUBLIC ARE ENCOURAGED TO ATTEND THE SAME WAY.
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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. March 2026 Monthly Financial Report First Reading – Finance (10 minutes)
ADJOURNMENT
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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
May 19, 2026 - Finance Committee
TITLE:March 2026 Monthly Financial Report (First Reading)
DEPARTMENT:Finance
PRESENTER:Kisha Post
NEEDED FROM COUNCIL:Informational
RECOMMENDATION:Review and move to council to be received for filing.
BUDGET:
Total Dollar Amount:N/A ☐ 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 council to be received for filing.
BUDGET IMPACTS:
N/A
ITEM HISTORY:
N/A
ADDITIONAL INFORMATION:
ATTACHMENTS:
March 2026 Monthly Financial Report
Item 2.1
Packet pg. 2/39
CITY OF EDMONDS
MARCH 2026 FINANCIAL REPORT
FY 2026 March
March 31, 2026
Item 2.1
Packet pg. 3/39
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Table of Contents
Monthly Highlights ...................................... 3
2025-2026 Biennial Budget Summary ......... 4
All Funds Financial Summary ....................... 5
General Fund Summaries ............................ 6
Development Services Revenue Summary .. 8
Major Revenue Summaries ......................... 9
All Revenue Summary ............................... 12
All Expenditure Summary .......................... 14
Salaries and Benefits Summaries .............. 16
Debt Summary ........................................... 20
Interfund Loan Summary ........................... 21
Investment Portfolio Summary ................. 22
Appendix A ................................................ 24
Item 2.1
Packet pg. 4/39
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Item 2.1
Packet pg. 5/39
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MONTHLY HIGHLIGHTS
GENERAL FUND HIGHLIGHTS
•Sales Tax is up $269,904 from this point last year and is $324,983 over the cumulative budget forecast of $2,946,819 for sales tax
revenues. We are currently trending 8.99% over 2025 for sales collections through March.
•REET Revenus are up a total of $78,410 from this point in time last year and are $69,871 over the cumulative budget forecast of
$620,117 for REET Revenues.
•Development Services related revenues are $125,093 more than they were to this point in 2025. Through March, we are 25% of the
year complete, but have received 36% of the budgeted Development Services revenues, or $214,860 over the $505,325 that would be
expected through this point.
•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 March is $5,250,000. Total interest to date that will be charged for this loan is $327,251.
•Salaries and Benefits City-Wide were $(523,585) less than 2025; with the General Fund being less by $(494,750). Through March, we
expended $7,477,320 for the General Fund which is $(715,246) less than we would have expected through this point. This is due to
leaving additional approved and funded positions vacant in 2026.
Sales Tax Property Tax Other Taxes
Actual 3,271,802 881,850 3,598,585
Budget 11,700,000 11,713,393 13,222,116
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4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
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General Fund Tax Revenue (2026 YTD)
Source
2026 Amended
Budget
3/31/2025
Revenues
3/31/2026
Revenues
Amount
Remaining % Received
TAXES $ 36,635,509 $ 6,777,181 $ 7,752,237 $ 28,883,272 21%
LICENSES AND PERMITS 1,965,050 497,675 552,035 1,413,015 28%
INTERGOVERNMENTAL REVENUES 1,248,653 361,345 208,930 1,039,723 17%
CHARGES FOR GOODS AND SERVICES 7,733,347 2,604,865 1,976,672 5,756,675 26%
FINES AND PENALTIES 2,888,000 128,587 715,849 2,172,151 25%
MISCELLANEOUS REVENUES 838,381 166,125 194,856 643,525 23%
OTHER INCREASES IN FUND RESOURCES - 6,000,000 - - 0%
OTHER FINANCING SOURCES 50,000 19,858 - 50,000 0%
51,358,940$ 16,555,636$ 11,400,579$ 39,958,361$ 22%
CITY OF EDMONDS
REVENUES - GENERAL FUND - BY SOURCE IN SUMMARY
Item 2.1
Packet pg. 6/39
4
001 General Fund 1,336,357$ 110,525,025$ 68,684,212$ 109,490,376$ 67,785,240$ 3,956,235 3,825,656$
009 LEOFF Medical Insurance Reserve Subfund 19,441 550,000 305,000 629,000 467,424 (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 - (1,141) 4,559
016 Building Maintenance Fund 2,380,534 194,410 97,369 2,714,068 272,587 448,913 2,204,843
017 Marsh Restoration & Preservation Fund 861,616 - - 85,720 - 861,616 861,616
018 Edmonds Homelessness Response Fund 200,000 - - 196,425 109,436 82,340 90,665
019 Edmonds Opioid Response Fund 456,556 100,000 77,004 450,000 - 533,560 533,560
Total General Fund 7,487,735 111,369,435 69,163,585 113,576,989 68,634,687 8,060,139 9,736,015
104 Drug Enforcement Fund 47,981 9,400 3,281 40,000 14,765 34,252 49,642
111 Street Fund 177,530 4,885,000 2,929,831 5,374,146 2,720,466 343,065 631,751
112 Street Construction Fund 3,211,126 12,153,779 3,120,750 11,206,049 2,463,978 4,247,542 3,874,833
117 Municipal Arts Acquisition Fund 671,730 548,241 188,581 768,927 319,137 388,791 620,383
120 Hotel/Motel Tax Fund 165,422 258,410 166,218 290,000 274,951 166,712 133,802
121 Employee Parking Permit Fund 12,691 110,290 36,012 65,173 2,002 44,812 23,265
122 Youth Scholarship Fund 20,769 4,750 2,040 6,000 300 21,595 22,255
123 Tourism Promotional Arts Fund 151,599 57,970 62,808 84,800 38,376 136,487 175,047
125 REET 2 2,432,519 3,787,950 2,527,155 3,047,939 1,186,812 4,560,914 3,672,943
126 REET 1 4,631,092 4,043,320 2,669,597 4,054,434 1,939,147 6,090,134 5,241,638
127 Gifts Catalog Fund 3,027,911 677,940 2,280,798 1,298,953 502,819 4,425,275 4,752,932
130 Cemetery Maintenance/Imp. Fund 130,453 675,719 598,902 671,945 353,472 243,704 384,078
137 Cemetery Maintenance Fund 1,269,638 183,761 100,150 311,124 272,174 1,157,217 1,085,293
138 Sister City Commission Fund 17,896 17,540 6,347 14,800 - 22,797 23,967
140 Business Improvement District Fund 34,037 158,418 112,760 173,320 98,080 19,368 26,034
141 Affordable Housing Fund 380,831 130,000 91,515 - - 515,913 450,913
142 Edmonds Rescue Plan Fund 833 - 9,167 - - 10,000 10,000
143 Tree Fund 135,348 141,761 321,110 150,000 101,592 363,090 379,831
Total Special Revenue Funds 16,519,406 27,844,249 15,227,020 27,557,610 10,288,071 22,791,665 21,558,604
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231 2012 LTGO Debt Service Fund - 607,060 306,203 607,760 306,203 (350) -
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332 Parks Capital Construction Fund 299,964 684,482 165,127 237,035 28,279 632,044 423,184
411 Combined Utility Operations - - 181,485 - - 141,155 141,155
421 Water Utility Fund 19,604,419 26,894,575 17,669,130 41,237,970 19,739,524 12,237,791 15,874,212
422 Storm Utility Fund 11,007,902 21,348,402 12,028,611 22,972,678 11,618,064 11,862,687 10,161,085
423 Sewer/WWTP Utility Fund 16,635,982 39,829,016 24,646,021 40,183,053 21,085,866 20,364,498 19,916,362
424 Utility Debt Service Fund - 2,323,310 1,149,488 2,297,790 1,149,369 119 119
Total Enterprise Funds 47,248,303 90,395,303 55,674,736 106,691,491 53,592,822 44,606,250 46,092,933
511 Equipment Rental Fund 5,380,342 4,889,190 3,546,004 4,121,587 2,533,549 6,867,368 6,336,429
512 Technology Rental Fund 906,736 5,056,171 3,008,614 5,010,600 2,855,943 1,253,018 1,382,957
Total Internal Service Funds 6,287,078 9,945,361 6,554,618 9,132,187 5,389,491 8,120,386 7,719,386
77,842,486$ 240,845,890$ 147,091,289$ 257,803,072$ 138,239,553$ 84,210,134$ 85,530,122$
2025-2026 BIENNIAL BUDGET SUMMARY - ALL FUNDS
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2025
Prelimimary
Ending
Fund Balance
2025-2026
Actual
Revenues
Period 1-15
2025-2026
Actual
Expenses
Period 1-15
TOTAL
2025
Beginning
Fund Balance
2025-2026
Adopted
Revenue
Budget
2025-2026
Adopted
Expense
BudgetFund
2026
Estimated
Ending
Fund Balance
Item 2.1
Packet pg. 7/39
5
City of Edmonds
All Funds Financial Summary
As of March 31, 2026
Fund
Beginning Fund
Balance*
Revenues /
Sources
Expenditures /
Uses
Revenues less
Expenditures
Ending Fund
Balance
Governmental
001 General Fund 3,825,656 11,400,579 12,990,906 (1,590,327) 2,235,330
009 LEOFF Medical Insurance Reserve (13,556) - 129,427 (129,427) (142,983)
012 Contingency Reserve 2,228,672 - - - 2,228,672
014 Historic Sub-Fund 4,559 - - - 4,559
016 Building Maintenance 2,204,843 18,617 18,145 473 2,205,316
017 Marsh Restoration 861,616 - - - 861,616
018 Homeless Response 90,665 - 101 (101) 90,564
019 Opioid Response 533,560 - - - 533,560
Total General Funds 9,736,015 11,419,196 13,138,578 (1,719,382) 8,016,633
Special Revenue Funds
104 Drug Enforcement 49,642 469 13,615 (13,146) 36,497
111 Street 631,751 501,402 746,257 (244,856) 386,895
112 Street Construction 3,874,833 334,425 341,360 (6,935) 3,867,897
117 Municipal Arts 620,383 13,898 93,106 (79,208) 541,175
120 Hotel / Motel 133,802 24,911 102,024 (77,113) 56,689
121 Employee Parking 23,265 23,436 - 23,436 46,701
122 Youth Scholarship 22,255 254 - 254 22,509
123 Tourism Promotion 175,047 9,805 8,821 984 176,031
125 REET 2 3,672,943 385,980 286,061 99,919 3,772,862
126 REET 1 5,241,638 403,847 283,942 119,905 5,361,542
127 Gifts Catalog 4,752,932 133,820 80,862 52,958 4,805,890
130 Cemetery Maintenance 384,078 62,996 71,190 (8,194) 375,884
137 Cemetery Trust 1,085,293 12,321 - 12,321 1,097,614
138 Sister City 23,967 275 - 275 24,242
140 Business Improvement 26,034 36,370 13,687 22,683 48,717
141 Affordable Housing 450,913 21,433 - 21,433 472,346
142 Edmonds Rescue 10,000 - - - 10,000
143 Tree Fund 379,831 8,985 33,950 (24,965) 354,865
Capital Projects 423,184 13,629 - 13,629 436,812
Debt Service - - - - -
Enterprise Funds
411 Combined Utility Operation 141,155 40,330 - 40,330 181,485
421 Water Utility 15,874,212 4,049,460 2,389,647 1,659,813 17,534,025
422 Storm Water Utility 10,161,085 3,291,384 2,034,020 1,257,364 11,418,449
423 Sewer / Wastewater Treatment Plant 19,916,362 5,111,173 4,831,398 279,775 20,196,137
424 Bond Reserve Fund 119 - - - 119
Internal Service Funds
511 Equipment Rental 6,336,429 628,341 571,973 56,368 6,392,797
512 Technology Rental 1,382,957 599,860 923,409 (323,550) 1,059,408
All Funds 85,530,121 27,128,000 25,963,901 1,164,099 86,694,221
*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.
$250,000 of the Fund Balance in Fund 422 has been reserved for Marsh Restoration Funding.
Item 2.1
Packet pg. 8/39
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GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Title
2026 Amended
Budget
3/31/2025
Expenditures
3/31/2026
Expenditures
Amount
Remaining % Spent
CITY COUNCIL 467,139$ 127,176$ 113,046$ 354,093$ 24%
OFFICE OF MAYOR 498,006 108,220 103,403 394,603 21%
HUMAN RESOURCES 1,107,185 243,175 244,692 862,493 22%
CITY ADMINISTRATOR 633,656 - 100,550 533,106 16%
CITY ATTORNEY 1,326,346 173,448 316,464 1,009,882 24%
CITY CLERK 492,795 - 104,958 387,837 21%
ADMINISTRATIVE SERVICES 1,817,770 589,275 469,371 1,348,399 26%
NON-DEPARTMENTAL 6,768,912 4,928,579 2,557,479 4,211,433 38%
POLICE SERVICES 18,318,018 4,671,569 4,611,233 13,706,785 25%
MUNICIPAL COURT 2,552,457 433,938 596,250 1,956,207 23%
SATELLITE OFFICE - 10,675 - - 0%
COMMUNITY SERVICES/ECONOMIC DEV.- 296,642 49,928 (49,928)0%
PLANNING & DEVELOPMENT 4,324,631 840,667 934,924 3,389,707 22%
HUMAN SERVICES PROGRAM - 42,493 - - 0%
PARKS & RECREATION 5,281,125 1,270,644 1,178,101 4,103,024 22%
PUBLIC WORKS ADMINISTRATION 882,456 172,590 224,398 658,058 25%
FACILITIES MAINTENANCE 2,606,747 626,065 569,683 2,037,064 22%
ENGINEERING 4,151,118 772,581 816,427 3,334,691 20%
51,228,361$ 15,307,738$ 12,990,906$ 38,237,455$ 25%
EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN SUMMARY
CITY OF EDMONDS
Item 2.1
Packet pg. 9/39
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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 3,599,318 6,314,029 -28.77%
March 12,726,533 3,862,135 5,086,550 11,400,579 -10.42%
April 21,208,931 8,482,398 7,598,632 18,999,211 -10.42%
May 25,180,718 3,971,787 3,557,974 22,557,185 -10.42%
June 28,098,591 2,917,873 2,613,865 25,171,050 -10.42%
July 30,749,651 2,651,060 2,374,851 27,545,901 -10.42%
August 33,546,244 2,796,593 2,505,221 30,051,122 -10.42%
September 36,539,778 2,993,534 2,681,643 32,732,765 -10.42%
October 45,143,911 8,604,133 7,707,684 40,440,449 -10.42%
November 48,515,444 3,371,533 3,020,259 43,460,708 -10.42%
December 51,358,940 2,843,496 2,547,237 46,007,945 -10.42%
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 4,100,965 9,240,544 5.54%
March 13,082,213 4,326,863 3,750,362 12,990,906 -0.70%
April 17,041,379 3,959,167 3,931,534 16,922,439 -0.70%
May 21,125,693 4,084,314 4,055,807 20,978,247 -0.70%
June 25,505,669 4,379,976 4,349,406 25,327,653 -0.70%
July 29,300,869 3,795,201 3,768,712 29,096,365 -0.70%
August 33,250,576 3,949,707 3,922,140 33,018,504 -0.70%
September 37,517,608 4,267,032 4,237,250 37,255,755 -0.70%
October 41,890,182 4,372,574 4,342,055 41,597,810 -0.70%
November 46,334,305 4,444,123 4,413,106 46,010,916 -0.70%
December 51,228,361 4,894,056 4,859,898 50,870,814 -0.70%
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
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
55,000,000
60,000,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
General Fund
Current Year Budget Prior Year
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
55,000,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
General Fund
Current Year Budget Prior Year
Item 2.1
Packet pg. 10/39
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DEVELOPMENT SERVICES REVENUE SUMMARY
Source
2026 Amended
Budget
3/31/2025
Revenues
3/31/2026
Revenues
Amount
Remaining % Received
DEV SERV PERMIT SURCHARGE 90,000$ 31,447$ 34,363$ 55,637$ 38%
RIGHT OF WAY FRANCHISE FEE 30,000 25,298 30,481 (481) 102%
BUILDING PERMITS 40,000 25,793 42,593 (2,593) 106%
FIRE PERMIT 5,000 - - 5,000 0%
ENGINEERING PERMIT 108,300 9,795 5,422 102,878 5%
ENG PERMIT - RIGHT OF WAY - 27,400 20,049 (20,049) 0%
ENG PERMIT - ENCROACHMENT - - 2,574 (2,574) 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 - 260 - - 0%
FIRE CONSTRUCTION INSPECTION FEES 10,000 5,940 11,542 (1,542) 115%
ZONING/SUBDIVISION FEE - - 858 (858) 0%
BUILDING PLAN REVIEW AND INSPECTION 1,160,000 297,396 421,012 738,988 36%
BUILDING PEER PLAN REVIEW - 280 500 (500) 0%
FIRE PLAN REVIEW 25,000 10,768 10,140 14,860 41%
PLANNING REVIEW AND INSPECTION 110,000 23,477 27,207 82,793 25%
PLANNING PEER PLAN REVIEW - - 1,422 (1,422) 0%
S.E.P.A. REVIEW 6,000 2,751 - 6,000 0%
ENG PLAN REVIEWS 210,000 62,589 7,676 202,324 4%
ENGINEERING PEER PLAN REVIEW 200,000 44,500 66,200 133,800 33%
ENG INSPECTIONS - 22,617 30,425 (30,425) 0%
CRITICAL AREA STUDY 17,000 4,782 7,722 9,278 45%
2,021,300$ 595,093$ 720,185$ 1,301,115$ 36%
CITY OF EDMONDS
DEVELOPMENT SERVICES REVENUES SUMMARY
Item 2.1
Packet pg. 11/39
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MAJOR REVENUE SUMMARY
Property Tax
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.
$402,368
$1,154,987 $1,143,339 $1,166,944
$901,349
-
200,000.00
400,000.00
600,000.00
800,000.00
1,000,000.00
1,200,000.00
1,400,000.00
2022 2023 2024 2025 2026
Property Tax Revenues (January through March)
Sales Tax
In the next chart, sales tax is up 8.99% from this point in time in 2025. This is up from last year when it was up 3.32% at this point.
$2,088,425 $2,187,876
$2,350,659 $2,666,259 $2,781,110 $2,905,328 $3,001,899
$3,271,802
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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
2019 2020 2021 2022 2023 2024 2025 YTD 2026
Sales Tax Revenues (January through March
Item 2.1
Packet pg. 12/39
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MAJOR REVENUE SUMMARY
Charges for Services
$1,004,658 $906,937
$2,404,790 $2,604,865
$1,976,672
-
400,000.00
800,000.00
1,200,000.00
1,600,000.00
2,000,000.00
2,400,000.00
2,800,000.00
3,200,000.00
2022 2023 2024 2025 2026
Charges for Services Revenues (January through March )
Water Utility Tax
$212,668 $221,845 $245,831 $263,448
$577,552
-
50,000.00
100,000.00
150,000.00
200,000.00
250,000.00
300,000.00
350,000.00
400,000.00
450,000.00
500,000.00 550,000.00
600,000.00
650,000.00
2022 2023 2024 2025 2026
Water Utility Tax Revenues (January through March)
Item 2.1
Packet pg. 13/39
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MAJOR REVENUE SUMMARY
Sewer Utility Tax
$245,011 $256,368 $287,238 $315,454
$699,671
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
2022 2023 2024 2025 2026
Sewer Utility Tax Revenues (January through March)
Real Estate Excise Tax
Real Estate Excise Taxes (REET) are collected from all real estate transactions. The utilization of this revenue is restricted to capital
projects and projects identified in the capital facilities plan. Real Estate Excise Tax is up 12.82% from this point in time last year.
$1,222,093
$551,531 $521,829 $537,183 $611,578 $689,988
-
200,000.00
400,000.00
600,000.00
800,000.00
1,000,000.00
1,200,000.00
1,400,000.00
2021 2022 2023 2024 2025 2026
Real Estate Excise Taxes (January through March)
Item 2.1
Packet pg. 14/39
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ALL REVENUE SUMMARY
Fund
No.Title
2026 Amended
Budget
3/31/2025
Revenues
3/31/2026
Revenues
Amount
Remaining % Received
001 GENERAL FUND 51,358,940$ 16,555,636$ 11,400,579$ 39,958,361$ 22%
009 LEOFF-MEDICAL INS. RESERVE 275,000 70,000 - 275,000 0%
016 BUILDING MAINTENANCE FUND 94,070 19,967 18,617 75,453 20%
017 MARSH RESTORATION & PRESERVATION FUND - - - - 0%
019 EDMONDS OPIOID RESPONSE FUND 50,000 - - 50,000 0%
104 DRUG ENFORCEMENT FUND 4,610 734 469 4,141 10%
111 STREET FUND 2,445,000 618,918 501,402 1,943,598 21%
112 COMBINED STREET CONST/IMPROVE 9,027,861 772,957 334,425 8,693,436 4%
117 MUNICIPAL ARTS ACQUIS. FUND 121,420 84,696 13,898 107,522 11%
120 HOTEL/MOTEL TAX REVENUE FUND 128,910 27,315 24,911 103,999 19%
121 EMPLOYEE PARKING PERMIT FUND 54,950 9,801 23,436 31,514 43%
122 YOUTH SCHOLARSHIP FUND 2,340 567 254 2,086 11%
123 TOURISM PROMOTIONAL FUND/ARTS 8,740 10,577 9,805 (1,065) 112%
125 REAL ESTATE EXCISE TAX 2 2,139,330 345,133 385,980 1,753,350 18%
126 REAL ESTATE EXCISE TAX 1 2,262,900 377,881 403,847 1,859,053 18%
127 GIFTS CATALOG FUND 332,360 67,569 133,820 198,540 40%
130 CEMETERY MAINTENANCE/IMPROVEMT 202,562 69,021 62,996 139,566 31%
137 CEMETERY MAINTENANCE TRUST FD 96,924 26,527 12,321 84,603 13%
138 SISTER CITY COMMISSION 6,230 273 275 5,955 4%
140 BUSINESS IMPROVEMENT DISTRICT 79,209 28,969 36,370 42,839 46%
141 AFFORDABLE AND SUPPORTIVE HOUSING FUND 65,000 19,584 21,433 43,567 33%
142 EDMONDS RESCUE PLAN FUND - 1,250 - - 0%
143 TREE FUND 58,259 293,992 8,985 49,274 15%
231 2012 LT GO DEBT SERVICE FUND 301,190 - - 301,190 0%
332 PARKS CAPITAL CONSTRUCTION FUND 335,860 85,802 13,629 322,231 4%
411 COMBINED UTILITY OPERATION - 38,155 40,330 (40,330) 0%
421 WATER UTILITY FUND 15,030,903 3,070,927 4,049,460 10,981,443 27%
422 STORM UTILITY FUND 12,074,888 2,615,785 3,291,384 8,783,504 27%
423 SEWER/WWTP UTILITY FUND 20,499,448 4,692,982 5,111,173 15,388,275 25%
424 BOND RESERVE FUND 1,148,390 116 1 1,148,389 0%
511 EQUIPMENT RENTAL FUND 2,512,920 616,827 628,341 1,884,579 25%
512 TECHNOLOGY RENTAL FUND 2,652,589 609,153 599,860 2,052,729 23%
123,370,803$ 31,131,114$ 27,128,001 96,242,802$ 22%
CITY OF EDMONDS
REVENUES BY FUND - SUMMARY
Item 2.1
Packet pg. 15/39
13
ALL REVENUE SUMMARY
Fund
No.Title
2025-2026
Adopted Revenue
Budget
2025-2026
Actual Revenues
Period 1-15
Amount
Remaining % Received
001 GENERAL FUND 110,525,025$ 68,684,212$ 41,840,813$ 62%
009 LEOFF-MEDICAL INS. RESERVE 550,000 305,000 245,000 55%
016 BUILDING MAINTENANCE FUND 194,410 97,369 97,041 50%
017 MARSH RESTORATION & PRESERVATION FUND - - - 0%
019 EDMONDS OPIOID RESPONSE FUND 100,000 77,004 22,996 77%
104 DRUG ENFORCEMENT FUND 9,400 3,281 6,119 35%
111 STREET FUND 4,885,000 2,929,831 1,955,169 60%
112 COMBINED STREET CONST/IMPROVE 12,153,779 3,120,750 9,033,029 26%
117 MUNICIPAL ARTS ACQUIS. FUND 548,241 188,581 359,660 34%
120 HOTEL/MOTEL TAX REVENUE FUND 258,410 166,218 92,192 64%
121 EMPLOYEE PARKING PERMIT FUND 110,290 36,012 74,278 33%
122 YOUTH SCHOLARSHIP FUND 4,750 2,040 2,710 43%
123 TOURISM PROMOTIONAL FUND/ARTS 57,970 62,808 (4,838) 108%
125 REAL ESTATE EXCISE TAX 2 3,787,950 2,527,155 1,260,795 67%
126 REAL ESTATE EXCISE TAX 1 4,043,320 2,669,597 1,373,723 66%
127 GIFTS CATALOG FUND 677,940 2,280,798 (1,602,858) 336%
130 CEMETERY MAINTENANCE/IMPROVEMT 675,719 598,902 76,817 89%
137 CEMETERY MAINTENANCE TRUST FD 183,761 100,150 83,611 54%
138 SISTER CITY COMMISSION 17,540 6,347 11,193 36%
140 BUSINESS IMPROVEMENT DISTRICT 158,418 112,760 45,658 71%
141 AFFORDABLE AND SUPPORTIVE HOUSING FUND 130,000 91,515 38,485 70%
142 EDMONDS RESCUE PLAN FUND - 9,167 (9,167) 0%
143 TREE FUND 141,761 321,110 (179,349) 227%
231 2012 LT GO DEBT SERVICE FUND 607,060 306,203 300,858 50%
332 PARKS CAPITAL CONSTRUCTION FUND 684,482 165,127 519,355 24%
411 COMBINED UTILITY OPERATION - 181,485 (181,485) 0%
421 WATER UTILITY FUND 26,894,575 17,669,130 9,225,445 66%
422 STORM UTILITY FUND 21,348,402 12,028,611 9,319,791 56%
423 SEWER/WWTP UTILITY FUND 39,829,016 24,646,021 15,182,995 62%
424 BOND RESERVE FUND 2,323,310 1,149,488 1,173,822 49%
511 EQUIPMENT RENTAL FUND 4,889,190 3,546,004 1,343,186 73%
512 TECHNOLOGY RENTAL FUND 5,056,171 3,008,614 2,047,557 60%
240,845,890$ 147,091,289$ 93,754,601$ 61%
CITY OF EDMONDS
REVENUES BY FUND - SUMMARY
Item 2.1
Packet pg. 16/39
14
ALL EXPENDITURE SUMMARY
Fund
No.Title
2026 Amended
Budget
3/31/2025
Expenditures
3/31/2026
Expenditures
Amount
Remaining % Spent
001 GENERAL FUND 51,228,361$ 15,307,738$ 12,990,906$ 38,237,455$ 25%
009 LEOFF-MEDICAL INS. RESERVE 311,500 96,839 129,427 182,073 42%
011 RISK MANAGEMENT RESERVE FUND - - - - 0%
014 HISTORIC PRESERVATION GIFT FUND 5,700 - - 5,700 0%
016 BUILDING MAINTENANCE FUND 1,850,000 3,517 18,145 1,831,855 1%
017 MARSH RESTORATION & PRESERVATION FUND - - - - 0%
018 EDMONDS HOMELESSNESS RESPONSE FUND 8,325 19,858 101 8,224 1%
019 EDMONDS OPIOID RESPONSE FUND 50,000 - - 50,000 0%
104 DRUG ENFORCEMENT FUND 20,000 - 13,615 6,385 68%
111 STREET FUND 2,733,686 637,035 746,257 1,987,429 27%
112 COMBINED STREET CONST/IMPROVE 8,655,152 411,846 341,360 8,313,792 4%
117 MUNICIPAL ARTS ACQUIS. FUND 353,012 29,838 93,106 259,906 26%
120 HOTEL/MOTEL TAX REVENUE FUND 96,000 2,380 102,024 (6,024) 106%
121 EMPLOYEE PARKING PERMIT FUND 33,403 - - 33,403 0%
122 YOUTH SCHOLARSHIP FUND 3,000 150 - 3,000 0%
123 TOURISM PROMOTIONAL FUND/ARTS 47,300 1,689 8,821 38,479 19%
125 REAL ESTATE EXCISE TAX 2 1,251,359 91,395 286,061 965,298 23%
126 REAL ESTATE EXCISE TAX 1 1,414,404 45,947 283,942 1,130,462 20%
127 GIFTS CATALOG FUND 660,017 97,231 80,862 579,155 12%
130 CEMETERY MAINTENANCE/IMPROVEMT 342,936 61,253 71,190 271,746 21%
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 10,741 13,687 72,188 16%
142 EDMONDS RESCUE PLAN FUND - - - - 0%
143 TREE FUND 75,000 223 33,950 41,050 45%
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 5,241,285 2,389,647 16,277,677 13%
422 STORM UTILITY FUND 10,373,286 3,832,804 2,034,020 8,339,266 20%
423 SEWER/WWTP UTILITY FUND 20,051,312 4,186,585 4,831,398 15,219,914 24%
424 BOND RESERVE FUND 1,148,390 - - 1,148,390 0%
511 EQUIPMENT RENTAL FUND 1,981,981 918,078 571,973 1,410,008 29%
512 TECHNOLOGY RENTAL FUND 2,782,528 883,772 923,409 1,859,119 33%
124,690,791$ 31,880,202$ 25,963,901 98,726,890$ 21%
CITY OF EDMONDS
EXPENDITURES BY FUND - SUMMARY
Item 2.1
Packet pg. 17/39
15
ALL EXPENDITURE SUMMARY
Fund
No.Title
2025-2026
Adopted Expenditure
Budget
2025-2026
Actual Expenditures
Period 1-15
Amount
Remaining % Spent
001 GENERAL FUND 109,490,376$ 67,785,240$ 41,705,136$ 62%
009 LEOFF-MEDICAL INS. RESERVE 629,000 467,424 161,576 74%
011 RISK MANAGEMENT RESERVE FUND - - - 0%
014 HISTORIC PRESERVATION GIFT FUND 11,400 - 11,400 0%
016 BUILDING MAINTENANCE FUND 2,714,068 272,587 2,441,481 10%
017 MARSH RESTORATION & PRESERVATION FUND 85,720 - 85,720 0%
018 EDMONDS HOMELESSNESS RESPONSE FUND 196,425 109,436 86,989 56%
019 EDMONDS OPIOID RESPONSE FUND 450,000 - 450,000 0%
104 DRUG ENFORCEMENT FUND 40,000 14,765 25,235 37%
111 STREET FUND 5,374,146 2,720,466 2,653,680 51%
112 COMBINED STREET CONST/IMPROVE 11,206,049 2,463,978 8,742,071 22%
117 MUNICIPAL ARTS ACQUIS. FUND 768,927 319,137 449,790 42%
120 HOTEL/MOTEL TAX REVENUE FUND 290,000 274,951 15,049 95%
121 EMPLOYEE PARKING PERMIT FUND 65,173 2,002 63,171 3%
122 YOUTH SCHOLARSHIP FUND 6,000 300 5,700 5%
123 TOURISM PROMOTIONAL FUND/ARTS 84,800 38,376 46,424 45%
125 REAL ESTATE EXCISE TAX 2 3,047,939 1,186,812 1,861,127 39%
126 REAL ESTATE EXCISE TAX 1 4,054,434 1,939,147 2,115,287 48%
127 GIFTS CATALOG FUND 1,298,953 502,819 796,134 39%
130 CEMETERY MAINTENANCE/IMPROVEMT 671,945 353,472 318,473 53%
137 CEMETERY MAINTENANCE TRUST FUND 311,124 272,174 38,950 87%
138 SISTER CITY COMMISSION 14,800 - 14,800 0%
140 BUSINESS IMPROVEMENT DISTRICT 173,320 98,080 75,240 57%
142 EDMONDS RESCUE PLAN FUND - - - 0%
143 TREE FUND 150,000 101,592 48,408 68%
231 2012 LT GO DEBT SERVICE FUND 607,760 306,203 301,558 50%
332 PARKS CAPITAL CONSTRUCTION FUND 237,035 28,279 208,756 12%
421 WATER UTILITY FUND 41,237,970 19,739,524 21,498,446 48%
422 STORM UTILITY FUND 22,972,678 11,618,064 11,354,614 51%
423 SEWER/WWTP UTILITY FUND 40,183,053 21,085,866 19,097,187 52%
424 BOND RESERVE FUND 2,297,790 1,149,369 1,148,421 50%
511 EQUIPMENT RENTAL FUND 4,121,587 2,533,549 1,588,038 61%
512 TECHNOLOGY RENTAL FUND 5,010,600 2,855,943 2,154,657$ 57%
257,803,072$ 138,239,553$ 119,563,519$ 54%
CITY OF EDMONDS
EXPENDITURES BY FUND - SUMMARY
Item 2.1
Packet pg. 18/39
16
SALARIES AND BENEFITS SUMMARY
Below is a comparison of the total staff labor related costs (salaries and benefits) for 2019 through 2026.
$7,231,778 $7,452,234 $7,756,976 $8,065,225
$10,565,095 $10,495,687 $10,492,384
$9,968,799
-
1,000,000.00
2,000,000.00
3,000,000.00
4,000,000.00
5,000,000.00
6,000,000.00
7,000,000.00
8,000,000.00
9,000,000.00
10,000,000.00
11,000,000.00
12,000,000.00
2019 2020 2021 2022 2023 2024 2025 2026
Salaries & Benefits (January through March)
Department
2026 Approved
"Regular" positions
2026 Modification
Reductions
2026 Total
(with modification)
2026 Active
(as of 3/5/26)
2026 Vacant but
funded
(as of 3/6/26)
City Council 8.00 8.00 8.00 -
Mayor 5.00 5.00 5.00 -
City Administrator 2.00 2.00
Human Resources 4.00 4.00 4.00 -
Court 11.67 11.67 11.00 0.67
Administrative Services 10.00 10.00 9.00 1.00
Information Services 6.00 6.00 5.00 1.00
Police 61.75 (2.00) 59.75 58.75 1.00
Planning & Development 21.00 21.00 20.00 1.00
Parks, Recreation and Human Services 30.32 (2.00) 28.32 26.00 2.32
Public Works Admin/Facilities 15.06 15.06 11.06 4.00
Engineering 18.50 18.50 14.50 4.00
Streets/Storm 20.00 20.00 17.00 3.00
Water/Sewer/Treatment Plant 38.00 38.00 30.00 8.00
Equipment Rental 4.00 4.00 4.00 -
Total City Employee Count 255.30 (4.00) 251.30 223.31 25.99
The above chart only reflects approved and funded "regular" positions.
Unfunded "Regular" PositionsUnfunded "Irregular" Positions
Mayor 1.00
Human Resources 0.63 -
Court 1.00 -
Administrative Services 2.00 -
Information Services 1.00 0.25
Police 26.00 -
Community Services & Economic Development 1.75 -
Planning & Development 1.00 -
Parks, Recreation and Human Services 10.94 2.87
Public Works Admin/Facilities 1.00 -
Engineering - 1.00
46.32 4.12
Item 2.1
Packet pg. 19/39
17
Page 1 of 3
Title
2026 Amended
Budget
3/31/2025
Expenditures
3/31/2026
Expenditures
Amount
Remaining % Spent
CITY COUNCIL
SALARIES AND WAGES 265,506$ 64,418$ 60,065$ 205,441$ 23%
OVERTIME - - 813 (813) 0%
BENEFITS 135,028 49,194 38,328 96,701 28%
400,534$ 113,612$ 99,205$ 301,329$ 25%
OFFICE OF MAYOR
SALARIES AND WAGES 298,357$ 63,392$ 70,673$ 227,684$ 24%
OVERTIME - - - - 0%
BENEFITS 77,027 17,677 22,247 54,780 29%
375,384$ 81,068$ 92,920$ 282,464$ 25%
HUMAN RESOURCES
SALARIES AND WAGES 626,019$ 141,235$ 148,306$ 477,713$ 24%
OVERTIME - - - - 0%
BENEFITS 221,541 50,513 52,949 168,592 24%
847,560$ 191,748$ 201,255$ 646,305$ 24%
CITY ADMINISTRATOR
SALARIES AND WAGES 368,025$ 78,103$ 289,922$ 21%
OVERTIME - - - 0%
BENEFITS 97,691 22,389 75,302 23%
465,716$ -$ 100,492$ 365,224$ 22%
CITY CLERK
SALARIES AND WAGES 261,548$ 57,284$ 204,264$ 22%
OVERTIME - - - 0%
BENEFITS 94,617 20,605 74,012 22%
356,165$ -$ 77,889$ 278,276$ 22%
ADMINISTRATIVE SERVICES
SALARIES AND WAGES 1,225,806$ 401,343$ 309,760$ 916,046$ 25%
OVERTIME 8,000 2,290 11,822 (3,822) 148%
BENEFITS 447,639 122,259 88,139 359,500 20%
1,681,445$ 525,892$ 409,721$ 1,271,724$ 24%
NON-DEPARTMENTAL
SALARIES AND WAGES 249,063$ -$ -$ 249,063$ 0%
OVERTIME - - - - 0%
BENEFITS 48,607 20,990 17,490 31,117 36%
297,670$ 20,990$ 17,490$ 280,180$ 6%
POLICE SERVICES
SALARIES AND WAGES 9,364,798$ 2,532,841$ 2,169,557$ 7,195,241$ 23%
OVERTIME 764,747 110,327 165,311 599,436 22%
HOLIDAY BUYBACK 287,420 708 - 287,420 0%
BENEFITS 3,281,907 892,983 863,267 2,418,640 26%
13,698,872$ 3,536,860$ 3,198,134$ 10,500,738$ 23%
MUNICIPAL COURT
SALARIES AND WAGES 1,455,523$ 273,863$ 332,502$ 1,123,021$ 23%
OVERTIME 10,000 647 2,627 7,373 26%
BENEFITS 418,948 81,113 104,699 314,249 25%
1,884,471$ 355,622$ 439,829$ 1,444,642$ 23%
COMMUNITY SERVICES/ECON DEV.
SALARIES AND WAGES -$ 201,983$ 10,793$ (10,793)$ 0%
OVERTIME - 1,758 - - 0%
BENEFITS - 57,214 2,970 (2,970) 0%
-$ 260,955$ 13,763$ (13,763)$ 0%
PLANNING & DEVELOPMENT
SALARIES AND WAGES 2,421,740$ 534,866$ 554,320$ 1,867,420$ 23%
OVERTIME - - - - 0%
BENEFITS 919,886 173,844 209,826 710,060 23%
3,341,626$ 708,710$ 764,146$ 2,577,480$ 23%
HUMAN SERVICES PROGRAM
SALARIES AND WAGES $ - $ 33,102 $ - $ - 0%
OVERTIME - - - - 0%
BENEFITS - 8,882 - - 0% $ - $ 41,984 $ - $ - 0%
CITY OF EDMONDS
GENERAL FUND - SALARIES AND BENEFITS - BY DEPARTMENT IN DETAIL
Item 2.1
Packet pg. 20/39
18
Page 2 of 3
PARKS & RECREATION
SALARIES AND WAGES 2,571,512$ 662,969$ 617,921$ 1,953,591$ 24%
OVERTIME 10,000 667 2,268 7,732 23%
BENEFITS 1,025,458 248,666 222,775 802,683 22%
3,606,970$ 912,302$ 842,964$ 2,764,006$ 23%
PUBLIC WORKS ADMINISTRATION
SALARIES AND WAGES 489,335$ 87,079$ 132,704$ 356,631$ 27%
OVERTIME - - - - 0%
BENEFITS 194,326 34,401 43,982 150,344 23%
683,661$ 121,480$ 176,686$ 506,975$ 26%
FACILITIES MAINTENANCE
SALARIES AND WAGES 1,038,037$ 283,688$ 233,165$ 804,872$ 22%
OVERTIME 9,000 1,472 442 8,558 5%
BENEFITS 453,470 112,663 90,411 363,059 20%
1,500,507$ 397,824$ 324,018$ 1,176,489$ 22%
ENGINEERING
SALARIES AND WAGES 2,665,936$ 514,206$ 545,282$ 2,120,654$ 20%
OVERTIME 5,857 1 - 5,857 0%
BENEFITS 957,890 188,818 173,525 784,365 18%
3,629,683$ 703,025$ 718,807$ 2,910,876$ 20%
TOTAL GENERAL FUND SALARIES AND BENEFITS 32,770,264$ 7,972,070$ 7,477,320$ 25,292,944$ 23%
LEOFF-MEDICAL INS. RESERVE (009)
BENEFITS 167,000$ 47,543$ 49,830$ 117,170$ 30%
167,000$ 47,543$ 49,830$ 117,170$ 30%
STREET FUND (111)
SALARIES AND WAGES 1,026,728$ 173,218$ 170,466$ 856,262$ 17%
OVERTIME 41,700 7,023 7,291 34,409 17%
BENEFITS 449,049 76,010 64,033 385,016 14%
1,517,477$ 256,251$ 241,790$ 1,275,687$ 16%
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 -$ -$ 27,309$ (27,309)$ 0%
OVERTIME - - - - 0%
BENEFITS - - 10,022 (10,022) 0%
-$ -$ 37,331$ (37,331)$ 0%
GIFTS CATALOG FUND (127)
SALARIES AND WAGES 288,125$ 53,984$ 49,962$ 238,163$ 17%
OVERTIME - - 331 (331) 0%
BENEFITS 146,862 19,668 18,366 128,496 13%
434,987$ 73,652$ 68,658$ 366,329$ 16%
CITY OF EDMONDS
NON GENERAL FUND - SALARIES AND BENEFITS - BY DEPARTMENT IN DETAIL
CITY OF EDMONDS
GENERAL FUND - SALARIES AND BENEFITS - BY DEPARTMENT IN DETAIL
Item 2.1
Packet pg. 21/39
19
Page 3 of 3
CEMETERY MAINTENANCE/IMPROVEMENT (130)
SALARIES AND WAGES 198,453$ 31,800$ 37,125$ 161,328$ 19%
OVERTIME 3,500 281 - 3,500 0%
BENEFITS 75,188 13,288 21,164 54,024 28%
277,141$ 45,369$ 58,289$ 218,852$ 21%
WATER FUND (421)
SALARIES AND WAGES 1,278,765$ 252,634$ 240,832$ 1,037,933$ 19%
OVERTIME 27,500 8,940 12,020 15,480 44%
BENEFITS 546,838 114,625 106,414 440,424 19%
1,853,103$ 376,199$ 359,266$ 1,493,837$ 19%
STORM FUND (422)
SALARIES AND WAGES 1,078,536$ 233,429$ 264,417$ 814,119$ 25%
OVERTIME 28,552 8,168 5,077 23,475 18%
BENEFITS 450,180 106,826 119,281 330,899 26%
1,557,268$ 348,423$ 388,775$ 1,168,493$ 25%
SEWER FUND (423)
SALARIES AND WAGES 891,334$ 691,073$ 187,688$ 703,646$ 21%
OVERTIME 32,438 49,071 6,011 26,427 19%
BENEFITS 353,292 263,211 70,294 282,998 20%
1,277,064$ 1,003,354$ 263,993$ 1,013,071$ 21%
SEWER FUND (423) - WWTP
SALARIES AND WAGES 2,383,116$ 422,754$ 1,960,362$ 18%
OVERTIME 125,000 86,677 38,323.24 69%
BENEFITS 907,763 169,102 738,660.57 19%
3,415,879$ -$ 678,533$ 2,737,346$ 20%
EQUIPMENT RENTAL FUND (511)
SALARIES AND WAGES 472,509$ 113,681$ 120,279$ 352,230$ 25%
OVERTIME 5,000 - - 5,000 0%
BENEFITS 166,475 38,877 40,610 125,865 24%
643,984$ 152,558$ 160,888$ 483,096$ 25%
TECHNOLOGY RENTAL FUND (512)
SALARIES AND WAGES 674,757$ 158,719$ 138,833$ 535,924$ 21%
OVERTIME - 243 - - 0%
BENEFITS 251,096 58,002 45,292 205,804 18%
925,853$ 216,964$ 184,125$ 741,728$ 20%
TOTAL SALARIES AND BENEFITS - ALL FUNDS 45,012,935 10,492,384 9,968,799 35,044,136 22%
CITY OF EDMONDS
NON GENERAL FUND - SALARIES AND BENEFITS - BY DEPARTMENT IN DETAIL
Item 2.1
Packet pg. 22/39
20
DEBT SUMMARY
*This 1st table only reflects the total outstanding principal payments (does not include interest).
2024 Outstanding Fund 001 Fund 111 Fund 112 Fund 126 Fund 421 Fund 422 Fund 423 PFD
2012 LTGO 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. 23/39
21
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 (145,833) 3,208,334 4.45%11,899
2026-03 3,208,334 (145,833) 3,062,501 4.45%11,358
2026-04 3,062,501 3,062,501 4.45%
2026-05 3,062,501 3,062,501 4.45%
2026-06 3,062,501 3,062,501 4.45%
2026-07 3,062,501 3,062,501 4.45%
2026-08 3,062,501 3,062,501 4.45%
2026-09 3,062,501 3,062,501 4.45%
2026-10 3,062,501 3,062,501 4.45%
2026-11 3,062,501 3,062,501 4.45%
2026-12 3,062,501 3,062,501 4.45%
(437,499) 35,698
*The "Monthly Interest" is the interest charged on the outstanding balance in each month of 2026.
Fund 421 - Principal Repayment Schedule
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 (104,167) 2,291,666 4.45%8,495
2026-03 2,291,666 (104,167) 2,187,499 4.45%8,109
2026-04 2,187,499 2,187,499 4.45%
2026-05 2,187,499 2,187,499 4.45%
2026-06 2,187,499 2,187,499 4.45%
2026-07 2,187,499 2,187,499 4.45%
2026-08 2,187,499 2,187,499 4.45%
2026-09 2,187,499 2,187,499 4.45%
2026-10 2,187,499 2,187,499 4.45%
2026-11 2,187,499 2,187,499 4.45%
2026-12 2,187,499 2,187,499 4.45%
(312,501) 25,485
*The "Monthly Interest" is the interest charged on the outstanding balance in each month of 2026.
Fund 422 - Principal Repayment Schedule
Month Beginning Balance 25 Int. payment Total Balance
2026-01 155,771 (12,981) 142,790
2026-02 142,790 (12,981) 129,809
2026-03 129,809 (12,981) 116,828
2026-04 116,828 116,828
2026-05 116,828 116,828
2026-06 116,828 116,828
2026-07 116,828 116,828
2026-08 116,828 116,828
2026-09 116,828 116,828
2026-10 116,828 116,828
2026-11 116,828 116,828
2026-12 116,828 116,828
(38,943)
*The $155,771 is the total interest owed to Fund 421 for 2025.
Fund 421 - 2025 Interest payment
Month Beginning Balance 25 Int. payment Total Balance
2026-01 110,297 (9,191) 101,106
2026-02 101,106 (9,191) 91,915
2026-03 91,915 (9,191) 82,724
2026-04 82,724 82,724
2026-05 82,724 82,724
2026-06 82,724 82,724
2026-07 82,724 82,724
2026-08 82,724 82,724
2026-09 82,724 82,724
2026-10 82,724 82,724
2026-11 82,724 82,724
2026-12 82,724 82,724
(27,573)
*The $110,297 is the total interest owed to Fund 422 for 2025.
Fund 422 - 2025 Interest payment
Item 2.1
Packet pg. 24/39
22
INVESTMENT PORTFOLIO SUMMARY
Years
Agency/Investment Purchase to Par Market Maturity Coupon
Issuer Type Price Maturity Value Value Date Rate
FHLMC Bonds 993,661 0.31 1,115,000 1,105,076 07/22/26 0.830%
Farmer Mac Bonds 2,057,309 0.63 2,305,000 2,266,684 11/17/26 1.150%
First Financial - Waterfront Center CD 245,000 0.74 245,000 245,000 12/27/26 2.469%
US Treasury Note Note 1,003,690 0.92 1,000,000 1,003,027 02/28/27 4.125%
First Financial - ECA CD 2,803,516 1.63 2,803,516 2,803,516 11/15/27 2.956%
FAMC Bonds 1,060,671 1.82 1,061,000 1,056,396 01/26/28 3.625%
FAMC Bonds 930,600 2.59 1,000,000 925,916 10/30/28 0.850%
FHLB Bonds 994,400 3.49 1,000,000 986,163 09/24/29 3.500%
Resolution Funding Corporation Bonds 999,192 4.04 1,220,000 1,033,967 04/15/30 4.482%
FFCB Bonds 1,002,270 4.96 1,000,000 1,002,237 03/17/31 4.125%
FFCB Bonds 991,753 5.33 1,165,000 1,010,277 07/28/31 1.310%
TOTAL SECURITIES 13,082,063 2.41 13,914,516 13,438,260
Washington State Local Gov't Investment Pool 62,278,717 62,278,717 Demand 3.71%
76,193,233$ 75,716,977$
US Bank Account 6,495,630
82,688,863$
As of March 31, 2026
City of Edmonds Investment Portfolio Detail
TOTAL PORTFOLIO
Farmer
Mac,
17%
First
Financial -
CD, 22%
FFCB, 16%
FAMC, 15%
FHLB, 7%
FHLMC, 8%
US
Treasury
Note, 7%
Issuer Diversification Checking,
$6.50 , 8%
State LGIP,
$62.28 ,
75%
CD's, $3.05
, 4%
Note,
$1.00 ,
1%
Bonds,
$9.87 , 12%
Cash and Investment Balances
(in $ Millions)
Item 2.1
Packet pg. 25/39
23
INVESTMENT PORTFOLIO SUMMARY
$947,931 $950,684 $1,091,709
$1,683,872
$3,044,847 $2,914,584
$659,989
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
2020 2021 2022 2023 2024 2025 YTD 2026
Annual Interest Income
278,954
230,620 258,837
208,106
613,121
689,720 659,989
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
2020 2021 2022 2023 2024 2025 YTD 2026
Interest Income (January through March)
Item 2.1
Packet pg. 26/39
24
APPENDIX A
Item 2.1
Packet pg. 27/39
25
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
City Council
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 46,281$ 46,281$ 36,151$ 36,151$ -21.89%
February 93,767 47,486 38,451 74,602 -20.44%
March 131,999 38,232 38,444 113,046 -14.36%
April 170,890 38,891 33,307 146,353 -14.36%
May 217,805 46,914 40,178 186,532 -14.36%
June 251,744 33,940 29,067 215,598 -14.36%
July 287,585 35,840 30,694 246,293 -14.36%
August 323,246 35,661 30,541 276,834 -14.36%
September 358,236 34,990 29,966 306,800 -14.36%
October 396,060 37,823 32,393 339,193 -14.36%
November 432,728 36,668 31,404 370,596 -14.36%
December 467,139 34,411 29,470 400,066 -14.36%
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 33,436 68,002 -10.77%
March 119,559 43,346 35,401 103,403 -13.51%
April 162,726 43,167 37,333 140,736 -13.51%
May 218,379 55,654 48,133 188,869 -13.51%
June 254,833 36,454 31,528 220,397 -13.51%
July 295,364 40,531 35,054 255,451 -13.51%
August 334,749 39,385 34,062 289,514 -13.51%
September 373,340 38,591 33,376 322,890 -13.51%
October 415,197 41,857 36,201 359,091 -13.51%
November 451,655 36,457 31,531 390,622 -13.51%
December 498,006 46,351 40,088 430,710 -13.51%
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. 28/39
26
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 76,930 159,294 -24.17%
March 298,803 88,746 85,398 244,692 -18.11%
April 385,486 86,683 70,986 315,678 -18.11%
May 470,433 84,946 69,563 385,241 -18.11%
June 558,476 88,043 72,099 457,341 -18.11%
July 659,647 101,171 82,850 540,190 -18.11%
August 743,350 83,704 68,546 608,736 -18.11%
September 829,180 85,830 70,287 679,023 -18.11%
October 918,408 89,228 73,069 752,092 -18.11%
November 1,015,642 97,234 79,626 831,718 -18.11%
December 1,107,185 91,543 74,965 906,683 -18.11%
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 391,212 202,135 196,077 393,024 0.46%
March 585,244 194,032 203,226 596,250 1.88%
April 778,270 193,025 196,655 792,906 1.88%
May 978,908 200,638 204,411 997,317 1.88%
June 1,183,551 204,643 208,491 1,205,808 1.88%
July 1,393,679 210,128 214,079 1,419,888 1.88%
August 1,619,233 225,554 229,796 1,649,684 1.88%
September 1,850,650 231,417 235,769 1,885,453 1.88%
October 2,088,251 237,601 242,069 2,127,522 1.88%
November 2,321,780 233,529 237,921 2,365,442 1.88%
December 2,552,457 230,677 235,015 2,600,457 1.88%
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. 29/39
27
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 319,854 152,050 156,285 308,404 -3.58%
March 470,708 150,853 160,967 469,371 -0.28%
April 614,409 143,701 143,293 612,664 -0.28%
May 809,489 195,080 194,526 807,190 -0.28%
June 941,299 131,810 131,436 938,626 -0.28%
July 1,070,865 129,566 129,198 1,067,824 -0.28%
August 1,207,049 136,184 135,797 1,203,621 -0.28%
September 1,344,774 137,725 137,334 1,340,955 -0.28%
October 1,507,147 162,372 161,911 1,502,866 -0.28%
November 1,672,825 165,678 165,208 1,668,074 -0.28%
December 1,817,770 144,945 144,534 1,812,607 -0.28%
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. 30/39
28
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 75,044 219,876 -0.53%
March 331,586 110,529 96,588 316,464 -4.56%
April 442,115 110,529 105,488 421,952 -4.56%
May 552,644 110,529 105,488 527,440 -4.56%
June 663,173 110,529 105,488 632,928 -4.56%
July 773,702 110,529 105,488 738,416 -4.56%
August 884,230 110,529 105,488 843,904 -4.56%
September 994,759 110,529 105,488 949,392 -4.56%
October 1,105,288 110,529 105,488 1,054,880 -4.56%
November 1,215,817 110,529 105,488 1,160,368 -4.56%
December 1,326,345 110,529 105,488 1,265,856 -4.56%
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 1,782,532 3,204,349 10.23%
March 4,491,917 1,585,027 1,406,883 4,611,233 2.66%
April 5,969,167 1,477,250 1,516,489 6,127,721 2.66%
May 7,644,307 1,675,140 1,719,636 7,847,357 2.66%
June 9,230,967 1,586,660 1,628,805 9,476,163 2.66%
July 10,705,940 1,474,973 1,514,152 10,990,314 2.66%
August 12,118,098 1,412,157 1,449,667 12,439,982 2.66%
September 13,563,261 1,445,164 1,483,550 13,923,532 2.66%
October 15,123,250 1,559,989 1,601,426 15,524,958 2.66%
November 16,784,873 1,661,623 1,705,759 17,230,717 2.66%
December 18,318,018 1,533,145 1,573,869 18,804,586 2.66%
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. 31/39
29
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 700,643 372,306 302,699 611,279 -12.75%
March 1,108,494 407,852 323,645 934,924 -15.66%
April 1,507,308 398,814 336,367 1,271,291 -15.66%
May 1,867,024 359,716 303,391 1,574,682 -15.66%
June 2,237,643 370,618 312,586 1,887,268 -15.66%
July 2,566,182 328,539 277,096 2,164,364 -15.66%
August 2,870,595 304,413 256,748 2,421,111 -15.66%
September 3,318,139 447,544 377,467 2,798,578 -15.66%
October 3,632,413 314,274 265,064 3,063,643 -15.66%
November 3,976,012 343,599 289,798 3,353,440 -15.66%
December 4,324,631 348,619 294,031 3,647,471 -15.66%
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 853,429 428,249 392,512 801,702 -6.06%
March 1,341,593 488,164 376,399 1,178,101 -12.19%
April 1,752,303 410,710 360,659 1,538,760 -12.19%
May 2,184,681 432,378 379,687 1,918,447 -12.19%
June 2,614,635 429,954 377,558 2,296,004 -12.19%
July 3,076,586 461,951 405,656 2,701,660 -12.19%
August 3,557,215 480,629 422,058 3,123,718 -12.19%
September 3,998,615 441,400 387,609 3,511,327 -12.19%
October 4,413,096 414,481 363,970 3,875,298 -12.19%
November 4,822,266 409,170 359,307 4,234,604 -12.19%
December 5,281,125 458,859 402,940 4,637,545 -12.19%
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. 32/39
30
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 490,971 248,498 170,000 381,604 -22.28%
March 733,425 242,455 188,079 569,683 -22.33%
April 987,110 253,684 197,047 766,731 -22.33%
May 1,185,395 198,285 154,017 920,747 -22.33%
June 1,535,749 350,354 272,135 1,192,882 -22.33%
July 1,738,024 202,275 157,116 1,349,998 -22.33%
August 1,765,212 27,188 21,118 1,371,116 -22.33%
September 1,985,460 220,248 171,076 1,542,192 -22.33%
October 2,191,154 205,694 159,772 1,701,964 -22.33%
November 2,386,521 195,367 151,750 1,853,714 -22.33%
December 2,606,747 220,226 171,059 2,024,773 -22.33%
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 713,632 354,077 247,021 550,851 -22.81%
March 1,045,025 331,392 265,576 816,427 -21.87%
April 1,388,340 343,315 268,215 1,084,642 -21.87%
May 1,725,547 337,207 263,443 1,348,085 -21.87%
June 2,111,199 385,652 301,291 1,649,376 -21.87%
July 2,432,015 320,816 250,638 1,900,015 -21.87%
August 2,785,781 353,766 276,380 2,176,394 -21.87%
September 3,136,985 351,204 274,379 2,450,773 -21.87%
October 3,472,951 335,966 262,474 2,713,247 -21.87%
November 3,804,125 331,175 258,731 2,971,977 -21.87%
December 4,151,118 346,993 271,088 3,243,066 -21.87%
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. 33/39
31
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 1,318,318 335,547 478,150 2,164,618 64.20%
March 1,767,509 449,191 392,861 2,557,479 44.69%
April 2,131,057 363,549 526,033 3,083,512 44.69%
May 2,453,970 322,912 467,235 3,550,747 44.69%
June 2,981,104 527,134 762,732 4,313,479 44.69%
July 3,297,961 316,857 458,473 4,771,952 44.69%
August 3,875,730 577,769 835,996 5,607,948 44.69%
September 4,509,750 634,020 917,389 6,525,337 44.69%
October 5,207,370 697,620 1,009,415 7,534,752 44.69%
November 5,872,477 665,107 962,369 8,497,122 44.69%
December 6,768,912 896,435 1,297,088 9,794,209 44.69%
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. 34/39
32
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 4,482 4,482 -98.55%
March 462,500 154,167 13,663 18,145 -96.08%
April 616,666 154,167 6,048 24,193 -96.08%
May 770,833 154,167 6,048 30,241 -96.08%
June 925,000 154,167 6,048 36,289 -96.08%
July 1,079,166 154,167 6,048 42,338 -96.08%
August 1,233,333 154,167 6,048 48,386 -96.08%
September 1,387,499 154,167 6,048 54,434 -96.08%
October 1,541,666 154,167 6,048 60,482 -96.08%
November 1,695,833 154,167 6,048 66,530 -96.08%
December 1,849,999 154,167 6,048 72,579 -96.08%
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. 35/39
33
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 369,890 189,191 170,681 272,988 -26.20%
March 620,117 250,227 417,000 689,988 11.27%
April 968,775 348,659 387,944 1,077,932 11.27%
May 1,339,598 370,823 412,605 1,490,537 11.27%
June 2,004,973 665,375 740,346 2,230,883 11.27%
July 2,359,988 355,015 395,017 2,625,899 11.27%
August 2,738,388 378,400 421,036 3,046,935 11.27%
September 3,038,181 299,793 333,572 3,380,507 11.27%
October 3,439,573 401,392 446,619 3,827,126 11.27%
November 3,713,484 273,912 304,775 4,131,900 11.27%
December 4,000,000 286,516 318,799 4,450,699 11.27%
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 983,800 144,784 108,274 803,707 -18.31%
March 1,165,508 181,708 119,702 923,409 -20.77%
April 1,316,718 151,209 119,800 1,043,209 -20.77%
May 1,506,526 189,808 150,381 1,193,591 -20.77%
June 1,655,173 148,647 117,770 1,311,361 -20.77%
July 1,872,333 217,160 172,052 1,483,413 -20.77%
August 2,040,789 168,456 133,464 1,616,877 -20.77%
September 2,227,781 186,992 148,150 1,765,027 -20.77%
October 2,409,853 182,073 144,253 1,909,279 -20.77%
November 2,572,514 162,661 128,873 2,038,152 -20.77%
December 2,782,528 210,014 166,390 2,204,542 -20.77%
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. 36/39
34
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 1,133,661 2,553,038 60.69%
March 2,517,448 928,694 1,496,423 4,049,460 60.86%
April 3,193,768 676,320 1,087,901 5,137,361 60.86%
May 4,118,581 924,813 1,487,615 6,624,976 60.86%
June 4,874,074 755,494 1,215,255 7,840,231 60.86%
July 5,979,594 1,105,520 1,778,292 9,618,523 60.86%
August 10,988,128 5,008,534 8,056,517 17,675,041 60.86%
September 12,357,871 1,369,743 2,203,311 19,878,351 60.86%
October 13,273,924 916,053 1,473,525 21,351,876 60.86%
November 14,275,600 1,001,676 1,611,254 22,963,130 60.86%
December 15,030,903 755,303 1,214,949 24,178,078 60.86%
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 3,071,564 632,641 651,481 1,584,698 -48.41%
March 3,765,937 694,372 804,949 2,389,647 -36.55%
April 4,498,284 732,347 464,705 2,854,353 -36.55%
May 5,102,424 604,140 383,353 3,237,705 -36.55%
June 6,386,351 1,283,927 814,706 4,052,412 -36.55%
July 7,647,492 1,261,141 800,248 4,852,659 -36.55%
August 12,382,855 4,735,363 3,004,789 7,857,449 -36.55%
September 14,100,725 1,717,870 1,090,062 8,947,511 -36.55%
October 15,252,589 1,151,864 730,907 9,678,417 -36.55%
November 16,168,803 916,214 581,377 10,259,794 -36.55%
December 18,667,324 2,498,521 1,585,418 11,845,212 -36.55%
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
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. 37/39
35
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 1,622,271 2,445,685 7.18%
March 2,982,974 701,181 845,699 3,291,384 10.34%
April 3,622,071 639,097 705,174 3,996,558 10.34%
May 4,409,302 787,230 868,622 4,865,180 10.34%
June 5,042,798 633,497 698,994 5,564,174 10.34%
July 5,823,677 780,878 861,613 6,425,787 10.34%
August 9,008,589 3,184,913 3,514,201 9,939,988 10.34%
September 9,720,915 712,325 785,973 10,725,961 10.34%
October 10,695,619 974,705 1,075,480 11,801,441 10.34%
November 11,398,319 702,699 775,352 12,576,792 10.34%
December 12,074,888 676,569 746,520 13,323,312 10.34%
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 1,357,616 535,481 1,409,190 -28.11%
March 2,562,611 602,370 624,830 2,034,020 -20.63%
April 3,111,646 549,035 435,786 2,469,806 -20.63%
May 3,787,940 676,293 536,794 3,006,600 -20.63%
June 4,332,164 544,224 431,967 3,438,567 -20.63%
July 5,003,000 670,836 532,463 3,971,029 -20.63%
August 7,739,092 2,736,092 2,171,718 6,142,747 -20.63%
September 8,351,036 611,944 485,718 6,628,465 -20.63%
October 9,188,385 837,349 664,628 7,293,093 -20.63%
November 9,792,059 603,674 479,154 7,772,248 -20.63%
December 10,373,286 581,227 461,337 8,233,584 -20.63%
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
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. 38/39
36
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 1,327,273 2,933,591 7.18%
March 4,238,410 1,501,325 2,177,582 5,111,173 20.59%
April 5,924,788 1,686,378 2,033,633 7,144,806 20.59%
May 8,041,804 2,117,016 2,552,947 9,697,754 20.59%
June 9,165,000 1,123,196 1,354,482 11,052,235 20.59%
July 10,743,639 1,578,639 1,903,708 12,955,944 20.59%
August 14,811,596 4,067,957 4,905,621 17,861,565 20.59%
September 16,280,297 1,468,701 1,771,133 19,632,697 20.59%
October 17,524,918 1,244,621 1,500,910 21,133,607 20.59%
November 19,202,434 1,677,516 2,022,946 23,156,554 20.59%
December 20,499,448 1,297,014 1,564,092 24,720,645 20.59%
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 1,086,260 3,305,476 37.17%
March 4,001,110 1,591,388 1,525,922 4,831,398 20.75%
April 5,403,943 1,402,834 1,693,942 6,525,340 20.75%
May 6,545,160 1,141,217 1,378,036 7,903,376 20.75%
June 8,094,094 1,548,934 1,870,360 9,773,736 20.75%
July 9,267,050 1,172,956 1,416,362 11,190,097 20.75%
August 13,636,809 4,369,759 5,276,547 16,466,645 20.75%
September 15,001,984 1,365,175 1,648,469 18,115,113 20.75%
October 16,219,443 1,217,459 1,470,099 19,585,213 20.75%
November 17,498,841 1,279,398 1,544,892 21,130,104 20.75%
December 20,051,312 2,552,471 3,082,146 24,212,250 20.75%
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
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. 39/39