2026-06-16 Council FIN Committee Packet
Edmonds City Council Agenda
June 16, 2026
Posted: 6/12/2026 1:13 PM 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
JUNE 16, 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. April 2026 Monthly Financial Report First Reading – Finance (10 minutes)
2. Budget Amendment June 2026 First Reading – Finance (15 minutes)
3. Follow-up to questions from the recent budget retreat First Reading – Finance (45
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
June 16, 2026 - Finance Committee
TITLE:April 2026 Monthly Financial Report (First Reading)
DEPARTMENT:Finance
PRESENTER:Kisha Post
NEEDED FROM COUNCIL:Informational
RECOMMENDATION:Review and move to full 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 full council to be received for filing.
BUDGET IMPACTS:
N/A
ITEM HISTORY:
N/A
ADDITIONAL INFORMATION:
ATTACHMENTS:
April 2026 Monthly Financial Report
Item 2.1
Packet pg. 2/43
CITY OF EDMONDS
APRIL 2026 FINANCIAL REPORT
FY 2026 April
April 30, 2026
Item 2.1
Packet pg. 3/43
1
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
General Fund Cash Flows Report .............. 24
Appendix A ................................................ 25
Item 2.1
Packet pg. 4/43
2
Item 2.1
Packet pg. 5/43
3
MONTHLY HIGHLIGHTS
GENERAL FUND HIGHLIGHTS
•Sales Tax is up $330,018 from this point last year and is $364,843 over the cumulative budget forecast of $3,793,451 for sales tax
revenues. We are currently trending 8.62% over 2025 for sales collections through April.
•Real Personal/Property Tax is up $120,413 from this point last year and is $64,045 over the cumulative budget forecast of $5,451,128
for property tax revenues.
•REET Revenus are up a total of $99,553 from this point in time last year and are $27,219 over the cumulative budget forecast of
$968,775 for REET Revenues.
•Development Services related revenues are $247,806 more than they were to this point in 2025. Through April, we are 33% of the
year complete, but have received 49% of the budgeted Development Services revenues, or $307,719 over the $673,767 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 April is $5,000,000. Total interest to date that will be charged for this loan is $345,791.
•Salaries and Benefits City-Wide were $(463,798) less than 2025; with the General Fund being less by $(431,585). Through April, we
expended $9,994,593 for the General Fund which is $(928,828) 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 4,158,293 5,492,437 4,680,172
Budget 11,700,000 11,713,393 13,222,116
-
2,000,000
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
4/30/2025
Revenues
4/30/2026
Revenues
Amount
Remaining % Received
TAXES $ 36,635,509 $ 14,511,168 $ 14,330,902 $ 22,304,607 39%
LICENSES AND PERMITS 1,965,050 705,794 941,313 1,023,737 48%
INTERGOVERNMENTAL REVENUES 1,248,653 504,645 433,421 815,232 35%
CHARGES FOR GOODS AND SERVICES 7,825,347 3,117,723 2,652,302 5,173,045 34%
FINES AND PENALTIES 2,888,000 176,787 964,986 1,923,014 33%
MISCELLANEOUS REVENUES 838,381 261,768 323,839 514,542 39%
OTHER INCREASES IN FUND RESOURCES - 6,000,000 - - 0%
OTHER FINANCING SOURCES 50,000 29,435 - 50,000 0%
51,450,940$ 25,307,320$ 19,646,763$ 31,804,177$ 38%
CITY OF EDMONDS
REVENUES - GENERAL FUND - BY SOURCE IN SUMMARY
Item 2.1
Packet pg. 6/43
4
001 General Fund 1,336,357$ 110,617,025$ 76,946,368$ 106,565,322$ 71,549,287$ 1,101,021$ (2,046,612)$
009 LEOFF Medical Insurance Reserve Subfund 19,441 550,000 520,000 629,000 526,464 (35,056) 1,444
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 2,380,534 194,410 103,145 2,714,068 350,200 448,913 2,204,843
017 Marsh Restoration & Preservation Fund 861,616 50,000 - 183,960 7,258 806,117 854,357
018 Edmonds Homelessness Response Fund 200,000 - - 196,425 109,475 82,340 90,665
019 Edmonds Opioid Response Fund 456,556 100,000 85,063 450,000 - 541,619 541,619
Total General Fund 7,487,735 111,511,435 77,654,576 110,750,175 72,542,686 5,172,484 3,879,546
104 Drug Enforcement Fund 47,981 9,400 3,376 40,000 14,765 34,035 49,425
111 Street Fund 177,530 5,545,000 3,096,994 5,374,146 2,889,672 992,838 621,524
112 Street Construction Fund 3,211,126 12,153,779 3,201,459 11,206,049 2,612,110 4,139,154 3,766,445
117 Municipal Arts Acquisition Fund 671,730 548,241 190,090 768,927 279,602 424,236 655,828
120 Hotel/Motel Tax Fund 165,422 258,410 174,521 290,000 274,951 96,776 63,866
121 Employee Parking Permit Fund 12,691 110,290 38,913 65,173 24,314 22,008 461
122 Youth Scholarship Fund 20,769 4,750 2,101 6,000 300 21,521 22,181
123 Tourism Promotional Arts Fund 151,599 57,970 65,956 84,800 38,376 135,906 174,466
125 REET 2 2,432,519 3,787,950 2,690,154 3,238,613 1,193,965 4,374,102 3,676,805
126 REET 1 4,631,092 4,043,320 2,836,943 4,054,434 1,965,583 6,023,387 5,174,891
127 Gifts Catalog Fund 3,027,911 677,940 2,307,247 1,298,953 536,207 4,445,870 4,773,527
130 Cemetery Maintenance/Imp. Fund 130,453 675,719 623,955 671,945 389,567 248,448 388,822
137 Cemetery Maintenance Fund 1,269,638 183,761 103,174 311,124 272,174 1,146,992 1,075,068
138 Sister City Commission Fund 17,896 17,540 6,409 14,800 - 22,833 24,003
140 Business Improvement District Fund 34,037 158,418 117,794 173,320 102,350 19,368 26,034
141 Affordable Housing Fund 380,831 130,000 91,515 - - 527,814 462,814
142 Edmonds Rescue Plan Fund 833 - 9,167 - - 10,000 10,000
143 Tree Fund 135,348 141,761 322,075 150,000 103,212 367,460 384,201
Total Special Revenue Funds 16,519,406 28,504,249 15,881,841 27,748,284 10,697,148 23,052,746 21,350,359
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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 299,964 684,482 193,886 237,035 67,814 537,270 328,410
411 Combined Utility Operations - - 51,280 - - - -
421 Water Utility Fund 39,451,533 25,144,575 18,861,942 41,240,704 20,425,421 38,385,785 43,774,940
422 Storm Utility Fund 23,214,849 20,874,042 12,834,288 23,800,916 12,112,839 26,549,925 26,150,921
423 Sewer/WWTP Utility Fund 80,547,614 39,829,016 27,039,978 40,183,800 23,137,250 84,818,738 84,371,349
424 Utility Debt Service Fund 843,961 2,323,310 1,149,370 2,297,790 1,149,369 843,961 843,961
Total Enterprise Funds 144,057,957 88,170,943 59,936,857 107,523,210 56,824,880 150,598,409 155,141,171
511 Equipment Rental Fund 11,867,486 4,889,190 3,765,865 4,121,587 2,638,750 12,836,286 12,305,347
512 Technology Rental Fund 1,252,104 5,077,196 3,210,903 5,010,600 2,972,860 1,681,309 1,790,223
Total Internal Service Funds 13,119,590 9,966,386 6,976,768 9,132,187 5,611,609 14,517,594 14,095,569
181,484,652$ 239,444,555$ 160,950,132$ 255,998,651$ 146,050,339$ 193,878,154$ 194,795,056$
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2025
Unaudited
Ending
Fund Balance
2025-2026
Actual
Revenues
Period 1-16
2025-2026
Actual
Expenses
Period 1-16
2026
Estimated
Ending
Fund Balance
2025-2026 BIENNIAL BUDGET SUMMARY - ALL FUNDS
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*The above 2026 budget and ending fund balances for Funds 001, 421 and 422 have been adjusted to reflect year-end reporting for the interfund loan.
TOTAL
2025
Beginning
Fund Balance
2025-2026
Adopted
Revenue
Budget
2025-2026
Adopted
Expense
BudgetFund
Item 2.1
Packet pg. 7/43
5
City of Edmonds
All Funds Financial Summary
As of April 30, 2026
Fund
Beginning Fund
Balance*
Revenues /
Sources
Expenditures /
Uses
Revenues less
Expenditures
Ending Fund
Balance
Governmental
001 General Fund (2,046,612) 19,646,763 16,877,929 2,768,834 722,222
009 LEOFF Medical Insurance Reserve 1,444 200,000 188,468 11,532 12,977
012 Contingency Reserve 2,228,672 - - - 2,228,672
014 Historic Sub-Fund 4,559 - - - 4,559
016 Building Maintenance 2,204,843 24,394 95,757 (71,364) 2,133,479
017 Marsh Restoration 854,357 - - - 854,357
018 Homeless Response 90,665 - 140 (140) 90,525
019 Opioid Response 541,619 - - - 541,619
Total General Funds 3,879,546 19,871,157 17,162,294 2,708,863 6,588,409
Special Revenue Funds
104 Drug Enforcement 49,425 564 13,615 (13,051) 36,374
111 Street 621,524 666,487 904,229 (237,742) 383,782
112 Street Construction 3,766,445 380,009 454,368 (74,358) 3,692,087
117 Municipal Arts 655,828 15,406 93,106 (77,700) 578,129
120 Hotel / Motel 63,866 33,214 102,024 (68,810) (4,944)
121 Employee Parking 461 26,337 - 26,337 26,798
122 Youth Scholarship 22,181 315 - 315 22,496
123 Tourism Promotion 174,466 12,953 8,821 4,132 178,598
125 REET 2 3,676,805 548,979 293,214 255,764 3,932,569
126 REET 1 5,174,891 571,192 310,378 260,814 5,435,705
127 Gifts Catalog 4,773,527 160,269 114,249 46,020 4,819,547
130 Cemetery Maintenance 388,822 88,049 107,285 (19,236) 369,586
137 Cemetery Trust 1,075,068 15,345 - 15,345 1,090,413
138 Sister City 24,003 338 - 338 24,341
140 Business Improvement 26,034 41,405 17,957 23,448 49,482
141 Affordable Housing 462,814 21,433 - 21,433 484,246
142 Edmonds Rescue 10,000 - - - 10,000
143 Tree Fund 384,201 9,950 35,570 (25,620) 358,580
Capital Projects 328,410 42,387 - 42,387 370,797
Debt Service - - - - -
Enterprise Funds
411 Combined Utility Operation - 51,280 - 51,280 51,280
421 Water Utility 43,774,940 5,195,181 3,026,018 2,169,163 45,944,103
422 Storm Water Utility 26,150,921 4,047,035 2,493,853 1,553,182 27,704,103
423 Sewer / Wastewater Treatment Plant 84,371,349 6,649,568 6,047,191 602,377 84,973,726
424 Bond Reserve Fund 843,961 - - - 843,961
Internal Service Funds
511 Equipment Rental 12,305,347 848,202 653,677 194,525 12,499,872
512 Technology Rental 1,790,223 802,149 1,040,326 (238,177) 1,552,045
All Funds 194,795,056 40,099,206 32,878,177 7,221,029 202,016,085
*All Beginning Fund Balance amounts reflet the ending balances from the unaudited 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.
$250,000 of the Fund Balance in Fund 422 has been reserved for Marsh Restoration Funding.
Item 2.1
Packet pg. 8/43
6
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Title
2026 Amended
Budget
4/30/2025
Expenditures
4/30/2026
Expenditures
Amount
Remaining % Spent
CITY COUNCIL 467,980$ 166,728$ 151,405$ 316,575$ 32%
OFFICE OF MAYOR 498,288 149,523 144,484 353,804 29%
HUMAN RESOURCES 1,107,619 312,698 351,957 755,662 32%
CITY ADMINISTRATOR 633,656 - 132,381 501,275 21%
CITY ATTORNEY 1,326,346 257,114 430,862 895,484 32%
CITY CLERK 493,061 - 147,907 345,154 30%
ADMINISTRATIVE SERVICES 1,818,360 770,225 651,926 1,166,434 36%
NON-DEPARTMENTAL 6,768,912 6,178,520 3,112,483 3,656,429 46%
POLICE SERVICES 18,323,189 6,029,499 6,006,739 12,316,450 33%
MUNICIPAL COURT 2,552,713 574,022 800,530 1,752,183 31%
SATELLITE OFFICE - 10,717 - - 0%
COMMUNITY SERVICES/ECONOMIC DEV.240 376,968 56,351 (56,111) 23480%
PLANNING & DEVELOPMENT 4,326,010 1,167,862 1,233,178 3,092,832 29%
HUMAN SERVICES PROGRAM - 52,155 - - 0%
PARKS & RECREATION 5,342,227 1,618,247 1,554,842 3,787,385 29%
PUBLIC WORKS ADMINISTRATION 883,360 231,951 294,979 588,381 33%
FACILITIES MAINTENANCE 2,606,747 883,911 745,287 1,861,460 29%
ENGINEERING 4,154,599 1,027,259 1,062,619 3,091,980 26%
51,303,307$ 19,807,399$ 16,877,929$ 34,425,378$ 33%
EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN SUMMARY
CITY OF EDMONDS
Item 2.1
Packet pg. 9/43
7
GENERAL FUND SUMMARY
General Fund - 2025 Revenue Summary
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 5,092,205$ 5,092,205$ 2,714,712$ 2,714,712$ -46.69%
February 8,880,277 3,788,073 3,599,318 6,314,029 -28.90%
March 12,749,331 3,869,053 5,086,550 11,400,579 -10.58%
April 21,246,923 8,497,592 8,246,184 19,646,763 -7.53%
May 25,225,825 3,978,902 3,679,241 23,326,004 -7.53%
June 28,148,925 2,923,100 2,702,954 26,028,958 -7.53%
July 30,804,734 2,655,809 2,455,793 28,484,751 -7.53%
August 33,606,336 2,801,602 2,590,607 31,075,357 -7.53%
September 36,605,232 2,998,896 2,773,042 33,848,399 -7.53%
October 45,224,778 8,619,546 7,970,386 41,818,785 -7.53%
November 48,602,351 3,377,573 3,123,199 44,941,984 -7.53%
December 51,450,940 2,848,589 2,634,055 47,576,039 -7.53%
51,450,940$
General Fund
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 4,870,197$ 4,870,197$ 5,139,579$ 5,139,579$ 5.53%
February 8,768,158 3,897,961 4,100,965 9,240,544 5.39%
March 13,101,352 4,333,193 3,750,362 12,990,906 -0.84%
April 17,066,310 3,964,959 3,887,023 16,877,929 -1.10%
May 21,156,600 4,090,289 4,045,140 20,923,069 -1.10%
June 25,542,983 4,386,384 4,337,966 25,261,034 -1.10%
July 29,343,736 3,800,753 3,758,799 29,019,834 -1.10%
August 33,299,221 3,955,485 3,911,823 32,931,657 -1.10%
September 37,572,495 4,273,274 4,226,105 37,157,762 -1.10%
October 41,951,466 4,378,971 4,330,635 41,488,397 -1.10%
November 46,402,091 4,450,625 4,401,498 45,889,895 -1.10%
December 51,303,307 4,901,216 4,847,115 50,737,011 -1.10%
51,303,307$
*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. 10/43
8
DEVELOPMENT SERVICES REVENUE SUMMARY
Source
2026 Amended
Budget
4/30/2025
Revenues
4/30/2026
Revenues
Amount
Remaining % Received
DEV SERV PERMIT SURCHARGE 90,000$ 41,296$ 45,056$ 44,944$ 50%
RIGHT OF WAY FRANCHISE FEE 30,000 27,346 31,018 (1,018) 103%
BUILDING PERMITS 40,000 40,381 64,196 (24,196) 160%
FIRE PERMIT 5,000 - - 5,000 0%
ENGINEERING PERMIT 108,300 11,439 6,822 101,478 6%
ENG PERMIT - RIGHT OF WAY - 33,291 29,290 (29,290) 0%
ENG PERMIT - ENCROACHMENT - - 2,574 (2,574) 0%
ENG PERMIT - STREET USE - 137 1,573 (1,573) 0%
STREET AND CURB PERMIT - - - - 0%
STREET AND CURB PERMIT W/LEASEHOLD 10,000 - 154 9,846 2%
ENGINEERING FEES AND CHARGES - 1,528 - - 0%
FIRE CONSTRUCTION INSPECTION FEES 10,000 10,676 13,244 (3,244) 132%
ZONING/SUBDIVISION FEE - (300) 858 (858) 0%
BUILDING PLAN REVIEW AND INSPECTION 1,160,000 362,359 582,546 577,454 50%
BUILDING PEER PLAN REVIEW - 280 500 (500) 0%
FIRE PLAN REVIEW 25,000 15,004 17,943 7,057 72%
PLANNING REVIEW AND INSPECTION 110,000 26,949 37,665 72,335 34%
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 65,214 10,685 199,315 5%
ENGINEERING PEER PLAN REVIEW 200,000 56,200 75,707 124,293 38%
ENG INSPECTIONS - 32,774 50,081 (50,081) 0%
CRITICAL AREA STUDY 17,000 6,354 10,153 6,847 60%
2,021,300$ 733,679$ 981,486$ 1,039,814$ 49%
CITY OF EDMONDS
DEVELOPMENT SERVICES REVENUES SUMMARY
Item 2.1
Packet pg. 11/43
9
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.
$1,244,908
$6,845,227 $7,296,367 $7,425,800
$5,515,173
-
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
2022 2023 2024 2025 2026
Property Tax Revenues (January through April)
Sales Tax
In the next chart, sales tax is up 8.62% from this point in time in 2025. This is up from last year when it was up 1.38% at this point.
$2,636,953 $2,691,601
$3,041,781
$3,469,412 $3,621,184
$3,776,135 $3,828,276 $4,158,293
-
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
2019 2020 2021 2022 2023 2024 2025 YTD 2026
Sales Tax Revenues (January through April)
Item 2.1
Packet pg. 12/43
10
MAJOR REVENUE SUMMARY
Charges for Services
$1,310,907
$1,582,690
$2,978,711 $3,117,723
$2,652,302
-
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
3,600,000.00
4,000,000.00
2022 2023 2024 2025 2026
Charges for Services Revenues (January through April )
Water Utility Tax
$268,813 $279,282 $307,977 $331,227
$726,237
-
100,000.00
200,000.00
300,000.00
400,000.00
500,000.00
600,000.00
700,000.00
800,000.00
2022 2023 2024 2025 2026
Water Utility Tax Revenues (January through April)
Item 2.1
Packet pg. 13/43
11
MAJOR REVENUE SUMMARY
Sewer Utility Tax
$318,219 $333,172 $372,818 $409,742
$907,606
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
2022 2023 2024 2025 2026
Sewer Utility Tax Revenues (January through April)
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.
$1,478,072
$923,535
$745,931 $891,375 $896,441 $995,994
-
200,000.00
400,000.00
600,000.00
800,000.00
1,000,000.00
1,200,000.00
1,400,000.00
1,600,000.00
2021 2022 2023 2024 2025 2026
Real Estate Excise Taxes (January through April)
Item 2.1
Packet pg. 14/43
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ALL REVENUE SUMMARY
Fund
No.Title
2026 Amended
Budget
4/30/2025
Revenues
4/30/2026
Revenues
Amount
Remaining % Received
001 GENERAL FUND 51,450,940$ 25,307,320$ 19,646,763$ 31,804,177$ 38%
009 LEOFF-MEDICAL INS. RESERVE 275,000 110,000 200,000 75,000 73%
016 BUILDING MAINTENANCE FUND 94,070 26,540 24,394 69,676 26%
017 MARSH RESTORATION & PRESERVATION FUND 50,000 - - 50,000 0%
019 EDMONDS OPIOID RESPONSE FUND 50,000 - - 50,000 0%
104 DRUG ENFORCEMENT FUND 4,610 1,022 564 4,046 12%
111 STREET FUND 3,105,000 780,879 666,487 2,438,513 21%
112 COMBINED STREET CONST/IMPROVE 9,027,861 907,705 380,009 8,647,852 4%
117 MUNICIPAL ARTS ACQUIS. FUND 121,420 88,999 15,406 106,014 13%
120 HOTEL/MOTEL TAX REVENUE FUND 128,910 35,860 33,214 95,696 26%
121 EMPLOYEE PARKING PERMIT FUND 54,950 10,082 26,337 28,613 48%
122 YOUTH SCHOLARSHIP FUND 2,340 692 315 2,025 13%
123 TOURISM PROMOTIONAL FUND/ARTS 8,740 14,014 12,953 (4,213) 148%
125 REAL ESTATE EXCISE TAX 2 2,139,330 503,765 548,979 1,590,351 26%
126 REAL ESTATE EXCISE TAX 1 2,262,900 549,723 571,192 1,691,708 25%
127 GIFTS CATALOG FUND 332,360 87,019 160,269 172,091 48%
130 CEMETERY MAINTENANCE/IMPROVEMT 202,562 77,645 88,049 114,513 43%
137 CEMETERY MAINTENANCE TRUST FD 96,924 35,066 15,345 81,579 16%
138 SISTER CITY COMMISSION 6,230 380 338 5,892 5%
140 BUSINESS IMPROVEMENT DISTRICT 79,209 39,862 41,405 37,804 52%
141 AFFORDABLE AND SUPPORTIVE HOUSING FUND 65,000 19,584 21,433 43,567 33%
142 EDMONDS RESCUE PLAN FUND - 1,667 - - 0%
143 TREE FUND 58,259 296,574 9,950 48,309 17%
231 2012 LT GO DEBT SERVICE FUND 301,190 - - 301,190 0%
332 PARKS CAPITAL CONSTRUCTION FUND 335,860 87,749 42,387 293,473 13%
411 COMBINED UTILITY OPERATION - 48,925 51,280 (51,280) 0%
421 WATER UTILITY FUND 15,030,903 3,889,580 5,195,181 9,835,722 35%
422 STORM UTILITY FUND 12,850,528 3,164,072 4,047,035 8,803,493 31%
423 SEWER/WWTP UTILITY FUND 20,499,448 6,073,106 6,649,568 13,849,880 32%
424 BOND RESERVE FUND 1,148,390 116 1 1,148,389 0%
511 EQUIPMENT RENTAL FUND 2,512,920 1,225,177 848,202 1,664,718 34%
512 TECHNOLOGY RENTAL FUND 2,673,614 809,108 802,149 1,871,465 30%
124,969,468$ 44,192,231$ 40,099,207 84,870,261$ 32%
CITY OF EDMONDS
REVENUES BY FUND - SUMMARY
Item 2.1
Packet pg. 15/43
13
ALL REVENUE SUMMARY
Fund
No.Title
2025-2026
Adopted Revenue
Budget
2025-2026
Actual Revenues
Period 1-16
Amount
Remaining % Received
001 GENERAL FUND 110,617,025$ 76,946,368$ 33,670,657$ 70%
009 LEOFF-MEDICAL INS. RESERVE 550,000 520,000 30,000 95%
016 BUILDING MAINTENANCE FUND 194,410 103,145 91,265 53%
017 MARSH RESTORATION & PRESERVATION FUND 50,000 - 50,000 0%
019 EDMONDS OPIOID RESPONSE FUND 100,000 85,063 14,937 85%
104 DRUG ENFORCEMENT FUND 9,400 3,376 6,024 36%
111 STREET FUND 5,545,000 3,096,994 2,448,006 56%
112 COMBINED STREET CONST/IMPROVE 12,153,779 3,201,459 8,952,320 26%
117 MUNICIPAL ARTS ACQUIS. FUND 548,241 190,090 358,151 35%
120 HOTEL/MOTEL TAX REVENUE FUND 258,410 174,521 83,889 68%
121 EMPLOYEE PARKING PERMIT FUND 110,290 38,913 71,377 35%
122 YOUTH SCHOLARSHIP FUND 4,750 2,101 2,649 44%
123 TOURISM PROMOTIONAL FUND/ARTS 57,970 65,956 (7,986) 114%
125 REAL ESTATE EXCISE TAX 2 3,787,950 2,690,154 1,097,796 71%
126 REAL ESTATE EXCISE TAX 1 4,043,320 2,836,943 1,206,377 70%
127 GIFTS CATALOG FUND 677,940 2,307,247 (1,629,307) 340%
130 CEMETERY MAINTENANCE/IMPROVEMT 675,719 623,955 51,764 92%
137 CEMETERY MAINTENANCE TRUST FD 183,761 103,174 80,587 56%
138 SISTER CITY COMMISSION 17,540 6,409 11,131 37%
140 BUSINESS IMPROVEMENT DISTRICT 158,418 117,794 40,624 74%
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 141,761 322,075 (180,314) 227%
231 2012 LT GO DEBT SERVICE FUND 607,060 306,203 300,858 50%
332 PARKS CAPITAL CONSTRUCTION FUND 684,482 193,886 490,596 28%
411 COMBINED UTILITY OPERATION - 51,280 (51,280) 0%
421 WATER UTILITY FUND 26,394,575 18,861,942 7,532,633 71%
422 STORM UTILITY FUND 22,624,042 12,834,288 9,789,754 57%
423 SEWER/WWTP UTILITY FUND 39,829,016 27,039,978 12,789,038 68%
424 BOND RESERVE FUND 2,323,310 1,149,370 1,173,940 49%
511 EQUIPMENT RENTAL FUND 4,889,190 3,765,865 1,123,325 77%
512 TECHNOLOGY RENTAL FUND 5,077,196 3,210,903 1,866,293 63%
242,444,555$ 160,950,132$ 81,494,423$ 66%
CITY OF EDMONDS
REVENUES BY FUND - SUMMARY
Item 2.1
Packet pg. 16/43
14
ALL EXPENDITURE SUMMARY
Fund
No.Title
2026 Amended
Budget
4/30/2025
Expenditures
4/30/2026
Expenditures
Amount
Remaining % Spent
001 GENERAL FUND 51,303,307$ 19,807,399$ 16,877,929$ 34,425,378$ 33%
009 LEOFF-MEDICAL INS. RESERVE 311,500 125,438 188,468 123,032 61%
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 95,757 1,754,243 5%
017 MARSH RESTORATION & PRESERVATION FUND 98,240 - - 98,240 0%
018 EDMONDS HOMELESSNESS RESPONSE FUND 8,325 29,435 140 8,185 2%
019 EDMONDS OPIOID RESPONSE FUND 50,000 - - 50,000 0%
104 DRUG ENFORCEMENT FUND 20,000 - 13,615 6,385 68%
111 STREET FUND 2,733,686 778,616 904,229 1,829,457 33%
112 COMBINED STREET CONST/IMPROVE 8,655,152 666,827 454,368 8,200,784 5%
117 MUNICIPAL ARTS ACQUIS. FUND 353,012 29,871 93,106 259,906 26%
120 HOTEL/MOTEL TAX REVENUE FUND 96,000 18,434 102,024 (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 3,490 8,821 38,479 19%
125 REAL ESTATE EXCISE TAX 2 1,442,033 157,662 293,214 1,148,819 20%
126 REAL ESTATE EXCISE TAX 1 1,414,404 56,379 310,378 1,104,026 22%
127 GIFTS CATALOG FUND 660,017 136,398 114,249 545,768 17%
130 CEMETERY MAINTENANCE/IMPROVEMT 342,936 82,745 107,285 235,651 31%
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 24,599 17,957 67,918 21%
142 EDMONDS RESCUE PLAN FUND - - - - 0%
143 TREE FUND 75,000 223 35,570 39,430 47%
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 18,670,058 5,863,698 3,026,018 15,644,040 16%
422 STORM UTILITY FUND 11,201,524 4,613,078 2,493,853 8,707,671 22%
423 SEWER/WWTP UTILITY FUND 20,052,059 5,348,827 6,047,191 14,004,868 30%
424 BOND RESERVE FUND 1,148,390 - - 1,148,390 0%
511 EQUIPMENT RENTAL FUND 1,981,981 973,202 653,677 1,328,304 33%
512 TECHNOLOGY RENTAL FUND 2,782,528 991,447 1,040,326 1,742,202 37%
125,886,370$ 39,711,435$ 32,878,177 93,008,193$ 26%
CITY OF EDMONDS
EXPENDITURES BY FUND - SUMMARY
Item 2.1
Packet pg. 17/43
15
ALL EXPENDITURE SUMMARY
Fund
No.Title
2025-2026
Adopted Expenditure
Budget
2025-2026
Actual Expenditures
Period 1-16
Amount
Remaining % Spent
001 GENERAL FUND 109,565,322$ 71,549,287$ 38,016,035$ 65%
009 LEOFF-MEDICAL INS. RESERVE 629,000 526,464 102,536 84%
011 RISK MANAGEMENT RESERVE FUND - - - 0%
014 HISTORIC PRESERVATION GIFT FUND 11,400 - 11,400 0%
016 BUILDING MAINTENANCE FUND 2,714,068 350,200 2,363,868 13%
017 MARSH RESTORATION & PRESERVATION FUND 183,960 7,258 176,702 4%
018 EDMONDS HOMELESSNESS RESPONSE FUND 196,425 109,475 86,950 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 2,889,672 2,484,474 54%
112 COMBINED STREET CONST/IMPROVE 11,206,049 2,612,110 8,593,939 23%
117 MUNICIPAL ARTS ACQUIS. FUND 768,927 279,602 489,325 36%
120 HOTEL/MOTEL TAX REVENUE FUND 290,000 274,951 15,049 95%
121 EMPLOYEE PARKING PERMIT FUND 65,173 24,314 40,859 37%
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 3,238,613 1,193,965 2,044,648 37%
126 REAL ESTATE EXCISE TAX 1 4,054,434 1,965,583 2,088,851 48%
127 GIFTS CATALOG FUND 1,298,953 536,207 762,747 41%
130 CEMETERY MAINTENANCE/IMPROVEMT 671,945 389,567 282,378 58%
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 173,320 102,350 70,970 59%
142 EDMONDS RESCUE PLAN FUND - - - 0%
143 TREE FUND 150,000 103,212 46,788 69%
231 2012 LT GO DEBT SERVICE FUND 607,760 306,203 301,558 50%
332 PARKS CAPITAL CONSTRUCTION FUND 237,035 67,814 169,221 29%
421 WATER UTILITY FUND 41,240,704 20,425,421 20,815,283 50%
422 STORM UTILITY FUND 23,800,916 12,112,839 11,688,077 51%
423 SEWER/WWTP UTILITY FUND 40,183,800 23,137,250 17,046,550 58%
424 BOND RESERVE FUND 2,297,790 1,149,369 1,148,421 50%
511 EQUIPMENT RENTAL FUND 4,121,587 2,638,750 1,482,837 64%
512 TECHNOLOGY RENTAL FUND 5,010,600 2,972,860 2,037,740$ 59%
258,998,651$ 146,050,339$ 112,948,312$ 56%
CITY OF EDMONDS
EXPENDITURES BY FUND - SUMMARY
Item 2.1
Packet pg. 18/43
16
SALARIES AND BENEFITS SUMMARY
Below is a comparison of the total staff labor related costs (salaries and benefits) for 2019 through 2026.
$9,676,451 $9,939,693 $10,294,650 $10,676,319
$13,978,686 $14,098,699 $13,805,568 $13,341,769
-
2,000,000.00
4,000,000.00
6,000,000.00
8,000,000.00
10,000,000.00
12,000,000.00
14,000,000.00
16,000,000.00
2019 2020 2021 2022 2023 2024 2025 2026
Salaries & Benefits (January through April)
Department
2026 Approved
"Regular" positions
2026 Modification
Reductions
2026 Total
(with modification)
2026 Active
(as of 3/5/26)
2026 Vacant but
funded
(as of 3/6/26)
City Council 8.00 8.00 8.00 -
Mayor 5.00 5.00 5.00 -
City Administrator 2.00 2.00
Human Resources 4.00 4.00 4.00 -
Court 11.67 11.67 11.00 0.67
Administrative Services 10.00 10.00 9.00 1.00
Information Services 6.00 6.00 5.00 1.00
Police 61.75 (2.00) 59.75 58.75 1.00
Planning & Development 21.00 21.00 20.00 1.00
Parks, Recreation and Human Services 30.32 (2.00) 28.32 26.00 2.32
Public Works Admin/Facilities 15.06 15.06 11.06 4.00
Engineering 18.50 18.50 14.50 4.00
Streets/Storm 20.00 20.00 17.00 3.00
Water/Sewer/Treatment Plant 38.00 38.00 30.00 8.00
Equipment Rental 4.00 4.00 4.00 -
Total City Employee Count 255.30 (4.00) 251.30 223.31 25.99
The above chart only reflects approved and funded "regular" positions.
Unfunded "Regular" PositionsUnfunded "Irregular" Positions
Mayor 1.00
Human Resources 0.63 -
Court 1.00 -
Administrative Services 2.00 -
Information Services 1.00 0.25
Police 26.00 -
Community Services & Economic Development 1.75 -
Planning & Development 1.00 -
Parks, Recreation and Human Services 10.94 2.87
Public Works Admin/Facilities 1.00 -
Engineering - 1.00
46.32 4.12
Item 2.1
Packet pg. 19/43
17
Page 1 of 3
Title
2026 Amended
Budget
4/30/2025
Expenditures
4/30/2026
Expenditures
Amount
Remaining % Spent
CITY COUNCIL
SALARIES AND WAGES 265,506$ 86,037$ 80,929$ 184,577$ 30%
OVERTIME - - 813 (813) 0%
BENEFITS 135,028 62,289 51,192 83,836 38%
400,534$ 148,326$ 132,934$ 267,600$ 33%
OFFICE OF MAYOR
SALARIES AND WAGES 298,357$ 87,022$ 99,961$ 198,396$ 34%
OVERTIME - - - - 0%
BENEFITS 77,027 23,565 30,455 46,572 40%
375,384$ 110,587$ 130,416$ 244,968$ 35%
HUMAN RESOURCES
SALARIES AND WAGES 626,019$ 183,350$ 223,203$ 402,816$ 36%
OVERTIME - - - - 0%
BENEFITS 221,541 66,467 74,383 147,158 34%
847,560$ 249,817$ 297,586$ 549,974$ 35%
CITY ADMINISTRATOR
SALARIES AND WAGES 368,025$ 102,339$ 265,687$ 28%
OVERTIME - - - 0%
BENEFITS 97,691 29,965 67,726 31%
465,716$ -$ 132,303$ 333,413$ 28%
CITY CLERK
SALARIES AND WAGES 261,548$ 76,733$ 184,815$ 29%
OVERTIME - - - 0%
BENEFITS 94,617 27,430 67,187 29%
356,165$ -$ 104,163$ 252,002$ 29%
ADMINISTRATIVE SERVICES
SALARIES AND WAGES 1,225,806$ 523,528$ 413,397$ 812,409$ 34%
OVERTIME 8,000 2,671 13,235 (5,235) 165%
BENEFITS 447,639 162,303 116,489 331,150 26%
1,681,445$ 688,502$ 543,120$ 1,138,325$ 32%
NON-DEPARTMENTAL
SALARIES AND WAGES 249,063$ -$ -$ 249,063$ 0%
OVERTIME - - - - 0%
BENEFITS 48,607 66,325 25,495 23,112 52%
297,670$ 66,325$ 25,495$ 272,175$ 9%
POLICE SERVICES
SALARIES AND WAGES 9,364,798$ 3,282,033$ 2,896,234$ 6,468,564$ 31%
OVERTIME 764,747 159,810 229,895 534,852 30%
HOLIDAY BUYBACK 287,420 2,697 - 287,420 0%
BENEFITS 3,281,907 1,172,128 1,153,688 2,128,219 35%
13,698,872$ 4,616,668$ 4,279,817$ 9,419,055$ 31%
MUNICIPAL COURT
SALARIES AND WAGES 1,455,523$ 350,175$ 446,918$ 1,008,605$ 31%
OVERTIME 10,000 1,615 4,200 5,800 42%
BENEFITS 418,948 110,353 139,212 279,736 33%
1,884,471$ 462,144$ 590,330$ 1,294,141$ 31%
COMMUNITY SERVICES/ECON DEV.
SALARIES AND WAGES -$ 246,838$ 10,793$ (10,793)$ 0%
OVERTIME - 2,910 - - 0%
BENEFITS - 72,940 2,970 (2,970) 0%
-$ 322,688$ 13,763$ (13,763)$ 0%
PLANNING & DEVELOPMENT
SALARIES AND WAGES 2,421,740$ 701,067$ 740,427$ 1,681,313$ 31%
OVERTIME - - - - 0%
BENEFITS 919,886 234,923 279,301 640,585 30%
3,341,626$ 935,991$ 1,019,728$ 2,321,898$ 31%
HUMAN SERVICES PROGRAM
SALARIES AND WAGES $ - $ 40,265 $ - $ - 0%
OVERTIME - - - - 0%
BENEFITS - 11,158 - - 0% $ - $ 51,423 $ - $ - 0%
CITY OF EDMONDS
GENERAL FUND - SALARIES AND BENEFITS - BY DEPARTMENT IN DETAIL
Item 2.1
Packet pg. 20/43
18
Page 2 of 3
PARKS & RECREATION
SALARIES AND WAGES 2,571,512$ 832,819$ 814,536$ 1,756,976$ 32%
OVERTIME 10,000 667 2,333 7,667 23%
BENEFITS 1,025,458 317,472 298,034 727,424 29%
3,606,970$ 1,150,958$ 1,114,902$ 2,492,068$ 31%
PUBLIC WORKS ADMINISTRATION
SALARIES AND WAGES 489,335$ 116,229$ 174,326$ 315,009$ 36%
OVERTIME - - - - 0%
BENEFITS 194,326 45,895 57,082 137,244 29%
683,661$ 162,124$ 231,408$ 452,253$ 34%
FACILITIES MAINTENANCE
SALARIES AND WAGES 1,038,037$ 376,242$ 316,930$ 721,107$ 31%
OVERTIME 9,000 1,909 442 8,558 5%
BENEFITS 453,470 149,990 121,999 331,471 27%
1,500,507$ 528,141$ 439,371$ 1,061,136$ 29%
ENGINEERING
SALARIES AND WAGES 2,665,936$ 682,052$ 710,081$ 1,955,855$ 27%
OVERTIME 5,857 1 - 5,857 0%
BENEFITS 957,890 250,430 229,176 728,714 24%
3,629,683$ 932,483$ 939,257$ 2,690,426$ 26%
TOTAL GENERAL FUND SALARIES AND BENEFITS 32,770,264$ 10,426,178$ 9,994,593$ 22,775,671$ 30%
LEOFF-MEDICAL INS. RESERVE (009)
BENEFITS 167,000$ 66,561$ 82,856$ 84,144$ 50%
167,000$ 66,561$ 82,856$ 84,144$ 50%
STREET FUND (111)
SALARIES AND WAGES 1,026,728$ 222,727$ 227,716$ 799,012$ 22%
OVERTIME 41,700 9,544 10,468 31,232 25%
BENEFITS 449,049 97,057 85,542 363,507 19%
1,517,477$ 329,327$ 323,726$ 1,193,751$ 21%
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 133,843$ 32,824$ 29,445$ 104,398$ 22%
OVERTIME - - - - 0%
BENEFITS 56,831 10,312 11,581 45,250 20%
190,674$ 43,136$ 41,026$ 149,648$ 22%
GIFTS CATALOG FUND (127)
SALARIES AND WAGES 288,125$ 79,596$ 66,449$ 221,676$ 23%
OVERTIME - - 331 (331) 0%
BENEFITS 146,862 30,512 24,484 122,378 17%
434,987$ 110,108$ 91,264$ 343,723$ 21%
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. 21/43
19
Page 3 of 3
CEMETERY MAINTENANCE/IMPROVEMENT (130)
SALARIES AND WAGES 198,453$ 42,691$ 50,550$ 147,903$ 25%
OVERTIME 3,500 521 - 3,500 0%
BENEFITS 75,188 17,787 39,811 35,377 53%
277,141$ 60,999$ 90,361$ 186,780$ 33%
WATER FUND (421)
SALARIES AND WAGES 1,278,765$ 340,025$ 318,992$ 959,773$ 25%
OVERTIME 27,500 12,189 14,133 13,367 51%
BENEFITS 546,838 155,419 142,000 404,838 26%
1,853,103$ 507,634$ 475,125$ 1,377,978$ 26%
STORM FUND (422)
SALARIES AND WAGES 1,078,536$ 307,109$ 352,733$ 725,803$ 33%
OVERTIME 28,552 10,520 6,893 21,659 24%
BENEFITS 450,180 143,139 159,073 291,107 35%
1,557,268$ 460,769$ 518,699$ 1,038,569$ 33%
SEWER FUND (423)
SALARIES AND WAGES 891,334$ 907,973$ 249,577$ 641,757$ 28%
OVERTIME 32,438 64,979 10,157 22,281 31%
BENEFITS 353,292 349,468 93,979 259,313 27%
1,277,064$ 1,322,419$ 353,714$ 923,350$ 28%
SEWER FUND (423) - WWTP
SALARIES AND WAGES 2,383,116$ 567,231$ 1,815,885$ 24%
OVERTIME 125,000 121,248 3,751.59 97%
BENEFITS 907,763 223,145 684,618.03 25%
3,415,879$ -$ 911,625$ 2,504,254$ 27%
EQUIPMENT RENTAL FUND (511)
SALARIES AND WAGES 472,509$ 151,150$ 159,983$ 312,526$ 34%
OVERTIME 5,000 - - 5,000 0%
BENEFITS 166,475 51,782 54,237 112,238 33%
643,984$ 202,932$ 214,220$ 429,764$ 33%
TECHNOLOGY RENTAL FUND (512)
SALARIES AND WAGES 674,757$ 202,093$ 184,537$ 490,220$ 27%
OVERTIME - 243 - - 0%
BENEFITS 251,096 73,169 60,025 191,071 24%
925,853$ 275,505$ 244,562$ 681,291$ 26%
TOTAL SALARIES AND BENEFITS - ALL FUNDS 45,203,609 13,805,568 13,341,770 31,861,839 30%
CITY OF EDMONDS
NON GENERAL FUND - SALARIES AND BENEFITS - BY DEPARTMENT IN DETAIL
Item 2.1
Packet pg. 22/43
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. 23/43
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 (145,833) 2,916,668 4.45%10,817
2026-05 2,916,668 2,916,668 4.45%
2026-06 2,916,668 2,916,668 4.45%
2026-07 2,916,668 2,916,668 4.45%
2026-08 2,916,668 2,916,668 4.45%
2026-09 2,916,668 2,916,668 4.45%
2026-10 2,916,668 2,916,668 4.45%
2026-11 2,916,668 2,916,668 4.45%
2026-12 2,916,668 2,916,668 4.45%
(583,332) 46,515
*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 (104,167) 2,083,332 4.45%7,723
2026-05 2,083,332 2,083,332 4.45%
2026-06 2,083,332 2,083,332 4.45%
2026-07 2,083,332 2,083,332 4.45%
2026-08 2,083,332 2,083,332 4.45%
2026-09 2,083,332 2,083,332 4.45%
2026-10 2,083,332 2,083,332 4.45%
2026-11 2,083,332 2,083,332 4.45%
2026-12 2,083,332 2,083,332 4.45%
(416,668) 33,208
*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 (12,981) 103,847
2026-05 103,847 103,847
2026-06 103,847 103,847
2026-07 103,847 103,847
2026-08 103,847 103,847
2026-09 103,847 103,847
2026-10 103,847 103,847
2026-11 103,847 103,847
2026-12 103,847 103,847
(51,924)
*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 (9,191) 73,533
2026-05 73,533 73,533
2026-06 73,533 73,533
2026-07 73,533 73,533
2026-08 73,533 73,533
2026-09 73,533 73,533
2026-10 73,533 73,533
2026-11 73,533 73,533
2026-12 73,533 73,533
(36,764)
*The $110,297 is the total interest owed to Fund 422 for 2025.
Fund 422 - 2025 Interest payment
Item 2.1
Packet pg. 24/43
22
INVESTMENT PORTFOLIO SUMMARY
Years
Agency/Investment Purchase to Par Market Maturity Coupon
Issuer Type Price Maturity Value Value Date Rate
FHLMC Bonds 993,661 0.23 1,115,000 1,107,685 07/22/26 0.830%
Farmer Mac Bonds 2,057,309 0.55 2,305,000 2,271,563 11/17/26 1.150%
First Financial - Waterfront Center CD 245,000 0.66 245,000 245,000 12/27/26 2.469%
US Treasury Note Note 1,003,690 0.83 1,000,000 1,002,709 02/28/27 4.125%
First Financial - ECA CD 2,803,516 1.55 2,803,516 2,803,516 11/15/27 2.956%
FAMC Bonds 1,060,671 1.74 1,061,000 1,055,288 01/26/28 3.625%
FAMC Bonds 930,600 2.50 1,000,000 925,962 10/30/28 0.850%
FHLB Bonds 994,400 3.41 1,000,000 983,767 09/24/29 3.500%
Resolution Funding Corporation Bonds 999,192 3.96 1,220,000 1,032,414 04/15/30 4.482%
FFCB Bonds 1,002,270 4.88 1,000,000 998,791 03/17/31 4.125%
FFCB Bonds 991,753 5.25 1,165,000 1,008,735 07/28/31 1.310%
TOTAL SECURITIES 13,082,063 2.32 13,914,516 13,435,431
Washington State Local Gov't Investment Pool 63,921,339 63,921,339 Demand 3.70%
77,835,855$ 77,356,769$
US Bank Account 7,203,171
85,039,026$
As of April 30, 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,
$7.20 , 8%
State LGIP,
$63.92 ,
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. 25/43
23
INVESTMENT PORTFOLIO SUMMARY
$947,931 $950,684 $1,091,709
$1,683,872
$3,044,847 $2,914,584
$854,410
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
2020 2021 2022 2023 2024 2025 YTD 2026
Annual Interest Income
347,193
452,868
317,581 342,828
873,142 937,609
854,410
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
1,100,000
2020 2021 2022 2023 2024 2025 YTD 2026
Interest Income (January through April)
Item 2.1
Packet pg. 26/43
*The actual/estimate line combines actuals through April and budget allocations based on the prior year trend.
*The budget line allocates the 2026 budget to each month based on the prior year trend.
(2,500,634)
(2,879,595)
(3,262,653)
17,558
390,219
(439,760)
(970,480)
(1,556,559)(1,887,484)
1,704,015
1,358,546
(85,408)
(233,041)
(2,518,565)
(2,872,097)
(1,686,418)
2,625,381 2,798,041
1,981,586
1,250,866
464,787
33,863
3,625,362
3,279,893
1,651,939
(4,000,000)
(3,000,000)
(2,000,000)
(1,000,000)
-
1,000,000
2,000,000
3,000,000
4,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Budgeted vs Actual/Estimate Cash Balance
Budget Actual/Estimate
24
Item 2.1
Packet pg. 27/43
25
APPENDIX A
Item 2.1
Packet pg. 28/43
26
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
City Council
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 46,364$ 46,364$ 36,151$ 36,151$ -22.03%
February 93,936 47,571 38,451 74,602 -20.58%
March 132,237 38,301 38,444 113,046 -14.51%
April 171,198 38,961 38,359 151,405 -11.56%
May 218,197 46,999 41,565 192,970 -11.56%
June 252,198 34,001 30,070 223,040 -11.56%
July 288,103 35,905 31,754 254,794 -11.56%
August 323,828 35,726 31,595 286,389 -11.56%
September 358,881 35,053 31,001 317,389 -11.56%
October 396,773 37,891 33,511 350,900 -11.56%
November 433,507 36,735 32,487 383,387 -11.56%
December 467,980 34,473 30,487 413,875 -11.56%
467,980$
Office of Mayor
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 37,133$ 37,133$ 34,566$ 34,566$ -6.91%
February 76,256 39,123 33,436 68,002 -10.82%
March 119,627 43,371 35,401 103,403 -13.56%
April 162,818 43,191 41,081 144,484 -11.26%
May 218,503 55,685 49,415 193,899 -11.26%
June 254,977 36,475 32,367 226,266 -11.26%
July 295,532 40,554 35,988 262,254 -11.26%
August 334,938 39,407 34,970 297,223 -11.26%
September 373,551 38,613 34,265 331,488 -11.26%
October 415,432 41,881 37,165 368,654 -11.26%
November 451,910 36,478 32,370 401,024 -11.26%
December 498,288 46,378 41,155 442,179 -11.26%
498,288$
*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. 29/43
27
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Human Resources
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 117,220$ 117,220$ 82,364$ 82,364$ -29.74%
February 210,140 92,920 76,930 159,294 -24.20%
March 298,920 88,780 85,398 244,692 -18.14%
April 385,637 86,717 107,265 351,957 -8.73%
May 470,617 84,980 77,558 429,515 -8.73%
June 558,695 88,078 80,385 509,901 -8.73%
July 659,905 101,211 92,371 602,272 -8.73%
August 743,642 83,736 76,423 678,695 -8.73%
September 829,505 85,864 78,365 757,060 -8.73%
October 918,768 89,263 81,467 838,526 -8.73%
November 1,016,040 97,272 88,777 927,303 -8.73%
December 1,107,619 91,579 83,581 1,010,884 -8.73%
1,107,619$
Municipal Court
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 189,096$ 189,096$ 196,947$ 196,947$ 4.15%
February 391,251 202,155 196,077 393,024 0.45%
March 585,303 194,052 203,226 596,250 1.87%
April 778,348 193,045 204,280 800,530 2.85%
May 979,006 200,658 206,377 1,006,907 2.85%
June 1,183,670 204,664 210,496 1,217,403 2.85%
July 1,393,819 210,149 216,138 1,433,541 2.85%
August 1,619,396 225,577 232,006 1,665,546 2.85%
September 1,850,836 231,440 238,036 1,903,583 2.85%
October 2,088,461 237,625 244,397 2,147,979 2.85%
November 2,322,013 233,552 240,208 2,388,188 2.85%
December 2,552,713 230,700 237,275 2,625,462 2.85%
2,552,713$
*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. 30/43
28
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Administrative Services
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 167,859$ 167,859$ 152,119$ 152,119$ -9.38%
February 319,958 152,100 156,285 308,404 -3.61%
March 470,860 150,902 160,967 469,371 -0.32%
April 614,608 143,748 182,555 651,926 6.07%
May 809,752 195,143 206,992 858,918 6.07%
June 941,605 131,853 139,859 998,777 6.07%
July 1,071,213 129,608 137,477 1,136,254 6.07%
August 1,207,441 136,228 144,500 1,280,754 6.07%
September 1,345,211 137,770 146,135 1,426,889 6.07%
October 1,507,636 162,425 172,287 1,599,176 6.07%
November 1,673,368 165,732 175,795 1,774,970 6.07%
December 1,818,360 144,992 153,796 1,928,766 6.07%
1,818,360$
*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. 31/43
29
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 442,115 110,529 114,398 430,862 -2.55%
May 552,644 110,529 107,716 538,578 -2.55%
June 663,173 110,529 107,716 646,293 -2.55%
July 773,702 110,529 107,716 754,009 -2.55%
August 884,230 110,529 107,716 861,724 -2.55%
September 994,759 110,529 107,716 969,440 -2.55%
October 1,105,288 110,529 107,716 1,077,156 -2.55%
November 1,215,817 110,529 107,716 1,184,871 -2.55%
December 1,326,345 110,529 107,716 1,292,587 -2.55%
1,326,345$
Police
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 1,449,166$ 1,449,166$ 1,421,817$ 1,421,817$ -1.89%
February 2,907,711 1,458,545 1,782,532 3,204,349 10.20%
March 4,493,185 1,585,474 1,406,883 4,611,233 2.63%
April 5,970,852 1,477,667 1,395,506 6,006,739 0.60%
May 7,646,465 1,675,613 1,685,684 7,692,423 0.60%
June 9,233,573 1,587,108 1,596,647 9,289,070 0.60%
July 10,708,963 1,475,389 1,484,257 10,773,327 0.60%
August 12,121,519 1,412,556 1,421,046 12,194,373 0.60%
September 13,567,090 1,445,571 1,454,260 13,648,633 0.60%
October 15,127,520 1,560,429 1,569,808 15,218,441 0.60%
November 16,789,611 1,662,092 1,672,081 16,890,523 0.60%
December 18,323,189 1,533,578 1,542,795 18,433,318 0.60%
18,323,189$
*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. 32/43
30
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Planning & Development
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 328,441$ 328,441$ 308,580$ 308,580$ -6.05%
February 700,866 372,425 302,699 611,279 -12.78%
March 1,108,848 407,982 323,645 934,924 -15.69%
April 1,507,789 398,941 298,254 1,233,178 -18.21%
May 1,867,620 359,831 294,295 1,527,473 -18.21%
June 2,238,356 370,737 303,215 1,830,688 -18.21%
July 2,567,000 328,644 268,788 2,099,476 -18.21%
August 2,871,510 304,510 249,050 2,348,527 -18.21%
September 3,319,197 447,687 366,150 2,714,677 -18.21%
October 3,633,572 314,374 257,118 2,971,795 -18.21%
November 3,977,280 343,709 281,110 3,252,904 -18.21%
December 4,326,010 348,730 285,216 3,538,121 -18.21%
4,326,010$
Parks & Recreation
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 430,100$ 430,100$ 409,190$ 409,190$ -4.86%
February 863,303 433,203 392,512 801,702 -7.14%
March 1,357,115 493,812 376,399 1,178,101 -13.19%
April 1,772,577 415,462 376,742 1,554,842 -12.28%
May 2,209,958 437,381 383,655 1,938,497 -12.28%
June 2,644,886 434,928 381,504 2,320,001 -12.28%
July 3,112,182 467,296 409,895 2,729,897 -12.28%
August 3,598,372 486,190 426,469 3,156,366 -12.28%
September 4,044,879 446,507 391,661 3,548,026 -12.28%
October 4,464,155 419,276 367,774 3,915,801 -12.28%
November 4,878,059 413,904 363,062 4,278,863 -12.28%
December 5,342,227 464,168 407,152 4,686,014 -12.28%
5,342,227$
*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. 33/43
31
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 987,110 253,684 175,604 745,287 -24.50%
May 1,185,395 198,285 149,709 894,996 -24.50%
June 1,535,749 350,354 264,524 1,159,520 -24.50%
July 1,738,024 202,275 152,722 1,312,242 -24.50%
August 1,765,212 27,188 20,527 1,332,769 -24.50%
September 1,985,460 220,248 166,291 1,499,060 -24.50%
October 2,191,154 205,694 155,303 1,654,364 -24.50%
November 2,386,521 195,367 147,506 1,801,870 -24.50%
December 2,606,747 220,226 166,275 1,968,144 -24.50%
2,606,747$
Engineering
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 359,857$ 359,857$ 303,830$ 303,830$ -15.57%
February 714,231 354,374 247,021 550,851 -22.87%
March 1,045,901 331,670 265,576 816,427 -21.94%
April 1,389,504 343,603 246,192 1,062,619 -23.53%
May 1,726,994 337,490 258,094 1,320,713 -23.53%
June 2,112,969 385,975 295,173 1,615,886 -23.53%
July 2,434,055 321,085 245,549 1,861,435 -23.53%
August 2,788,117 354,062 270,768 2,132,203 -23.53%
September 3,139,615 351,499 268,807 2,401,011 -23.53%
October 3,475,863 336,248 257,144 2,658,155 -23.53%
November 3,807,315 331,452 253,477 2,911,632 -23.53%
December 4,154,599 347,284 265,584 3,177,216 -23.53%
4,154,599$
*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. 34/43
32
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 2,131,057 363,549 555,004 3,112,483 46.05%
May 2,453,970 322,912 471,625 3,584,108 46.05%
June 2,981,104 527,134 769,898 4,354,006 46.05%
July 3,297,961 316,857 462,781 4,816,787 46.05%
August 3,875,730 577,769 843,851 5,660,638 46.05%
September 4,509,750 634,020 926,008 6,586,646 46.05%
October 5,207,370 697,620 1,018,899 7,605,545 46.05%
November 5,872,477 665,107 971,411 8,576,956 46.05%
December 6,768,912 896,435 1,309,275 9,886,231 46.05%
6,768,912$
City of Edmonds, WA
Monthly Expenditure Summary-Non-Departmental
2026
*The monthly budget trend columns are based on a two year trend.
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 2.1
Packet pg. 35/43
33
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 77,613 95,757 -84.47%
May 770,833 154,167 23,939 119,697 -84.47%
June 925,000 154,167 23,939 143,636 -84.47%
July 1,079,166 154,167 23,939 167,576 -84.47%
August 1,233,333 154,167 23,939 191,515 -84.47%
September 1,387,499 154,167 23,939 215,454 -84.47%
October 1,541,666 154,167 23,939 239,394 -84.47%
November 1,695,833 154,167 23,939 263,333 -84.47%
December 1,849,999 154,167 23,939 287,272 -84.47%
1,849,999$
2026
City of Edmonds, WA
Monthly Expenditure Summary-Fund 016 - Building Maintenance Fund
*The monthly budget trend columns are based on a two year trend.
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
Item 2.1
Packet pg. 36/43
34
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 968,775 348,659 306,006 995,994 2.81%
May 1,339,598 370,823 381,242 1,377,236 2.81%
June 2,004,973 665,375 684,069 2,061,305 2.81%
July 2,359,988 355,015 364,990 2,426,294 2.81%
August 2,738,388 378,400 389,031 2,815,326 2.81%
September 3,038,181 299,793 308,216 3,123,542 2.81%
October 3,439,573 401,392 412,670 3,536,211 2.81%
November 3,713,484 273,912 281,607 3,817,819 2.81%
December 4,000,000 286,516 294,566 4,112,384 2.81%
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 1,316,718 151,209 116,917 1,040,326 -20.99%
May 1,506,526 189,808 149,966 1,190,292 -20.99%
June 1,655,173 148,647 117,445 1,307,737 -20.99%
July 1,872,333 217,160 171,576 1,479,313 -20.99%
August 2,040,789 168,456 133,095 1,612,409 -20.99%
September 2,227,781 186,992 147,740 1,760,149 -20.99%
October 2,409,853 182,073 143,854 1,904,003 -20.99%
November 2,572,514 162,661 128,517 2,032,520 -20.99%
December 2,782,528 210,014 165,930 2,198,450 -20.99%
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. 37/43
35
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 1,145,721 5,195,181 62.67%
May 4,118,581 924,813 1,504,358 6,699,539 62.67%
June 4,874,074 755,494 1,228,933 7,928,471 62.67%
July 5,979,594 1,105,520 1,798,307 9,726,778 62.67%
August 10,988,128 5,008,534 8,147,192 17,873,970 62.67%
September 12,357,871 1,369,743 2,228,109 20,102,079 62.67%
October 13,273,924 916,053 1,490,109 21,592,187 62.67%
November 14,275,600 1,001,676 1,629,388 23,221,576 62.67%
December 15,030,903 755,303 1,228,623 24,450,198 62.67%
15,030,903$
Fund 421 - Water Utility Fund Expenses
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 2,439,280$ 2,439,280$ 933,217$ 933,217$ -61.74%
February 3,072,014 632,734 651,481 1,584,698 -48.42%
March 3,766,488 694,474 804,949 2,389,647 -36.56%
April 4,498,942 732,454 636,371 3,026,018 -32.74%
May 5,103,171 604,229 406,408 3,432,427 -32.74%
June 6,387,286 1,284,115 863,704 4,296,131 -32.74%
July 7,648,612 1,261,326 848,376 5,144,506 -32.74%
August 12,384,668 4,736,056 3,185,503 8,330,009 -32.74%
September 14,102,790 1,718,122 1,155,620 9,485,629 -32.74%
October 15,254,823 1,152,033 774,865 10,260,494 -32.74%
November 16,171,171 916,348 616,342 10,876,836 -32.74%
December 18,670,058 2,498,887 1,680,768 12,557,604 -32.74%
18,670,058$
*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. 38/43
36
FUND 422 – STORM UTILITY FUND SUMMARY
Fund 422 - Storm Utility Fund Revenues
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 746,538$ 746,538$ 823,415$ 823,415$ 10.30%
February 2,428,365 1,681,827 1,622,271 2,445,685 0.71%
March 3,174,588 746,222 845,699 3,291,384 3.68%
April 3,854,738 680,150 755,651 4,047,035 4.99%
May 4,692,537 837,799 879,593 4,926,628 4.99%
June 5,366,727 674,190 707,823 5,634,450 4.99%
July 6,197,765 831,039 872,496 6,506,946 4.99%
August 9,587,263 3,389,498 3,558,586 10,065,532 4.99%
September 10,345,345 758,082 795,900 10,861,431 4.99%
October 11,382,661 1,037,316 1,089,063 11,950,494 4.99%
November 12,130,499 747,838 785,144 12,735,639 4.99%
December 12,850,528 720,029 755,948 13,491,587 4.99%
12,850,528$
Fund 422 - Storm Utility Fund Expenses
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 650,741$ 650,741$ 873,709$ 873,709$ 34.26%
February 2,116,753 1,466,012 535,481 1,409,190 -33.43%
March 2,767,218 650,466 624,830 2,034,020 -26.50%
April 3,360,091 592,872 459,832 2,493,853 -25.78%
May 4,090,381 730,291 542,020 3,035,873 -25.78%
June 4,678,058 587,677 436,172 3,472,045 -25.78%
July 5,402,456 724,398 537,647 4,009,692 -25.78%
August 8,357,007 2,954,551 2,192,862 6,202,554 -25.78%
September 9,017,811 660,804 490,447 6,693,001 -25.78%
October 9,922,017 904,205 671,099 7,364,101 -25.78%
November 10,573,890 651,874 483,819 7,847,920 -25.78%
December 11,201,524 627,634 465,828 8,313,749 -25.78%
11,201,524$
*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. 39/43
37
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 1,538,395 6,649,568 12.23%
May 8,041,804 2,117,016 2,375,991 9,025,559 12.23%
June 9,165,000 1,123,196 1,260,597 10,286,156 12.23%
July 10,743,639 1,578,639 1,771,754 12,057,910 12.23%
August 14,811,596 4,067,957 4,565,591 16,623,501 12.23%
September 16,280,297 1,468,701 1,648,368 18,271,868 12.23%
October 17,524,918 1,244,621 1,396,875 19,668,744 12.23%
November 19,202,434 1,677,516 1,882,727 21,551,471 12.23%
December 20,499,448 1,297,014 1,455,678 23,007,148 12.23%
20,499,448$
Fund 423 - Sewer Utility Fund Expenses
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 1,435,495$ 1,435,495$ 2,219,216$ 2,219,216$ 54.60%
February 2,409,812 974,316 1,086,260 3,305,476 37.17%
March 4,001,259 1,591,447 1,525,922 4,831,398 20.75%
April 5,404,144 1,402,886 1,215,793 6,047,191 11.90%
May 6,545,404 1,141,260 1,277,060 7,324,251 11.90%
June 8,094,395 1,548,991 1,733,308 9,057,559 11.90%
July 9,267,395 1,173,000 1,312,577 10,370,136 11.90%
August 13,637,317 4,369,922 4,889,905 15,260,041 11.90%
September 15,002,543 1,365,226 1,527,676 16,787,717 11.90%
October 16,220,047 1,217,504 1,362,377 18,150,094 11.90%
November 17,499,493 1,279,446 1,431,689 19,581,783 11.90%
December 20,052,059 2,552,566 2,856,300 22,438,082 11.90%
20,052,059$
*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. 40/43
City Council Agenda Item 2.2
June 16, 2026 - Finance Committee
TITLE:Budget Amendment June 2026 (First Reading)
DEPARTMENT:Finance
PRESENTER:Kisha Post
NEEDED FROM COUNCIL:Action
RECOMMENDATION:Adopt an ordinance for the City of Edmonds, Washington, amending
Ordinance No 4422 as a result of unanticipated transfers and
expenditures of various funds, and fixing a time when the same shall
become effective.
BUDGET:
Total Dollar Amount:333,621.65 ☐ Approved in Budget
Fund(s):125, 126 & 137 ☒ Budget Reallocation Required
☐ No Budget Impact
PROBLEM/ISSUE STATEMENT:
This Budget Amendment is necessitated by two separate issues.
1. The City was overpaid by the State for REET in the total amount of $183,621.65 and need to be
returned to the State. The REET Funds (125 and 126) need additional spending authority approved by
Council to resolve the overpayment.
2. To complete the previously approved emergency project for the Cemetery an amendment to carry
forward unspent spending authority from 2025 into 2026 in the amount of $150,000 for the Cemetery
Maintenance Fund (137).
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 a 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. A Modification was made in April prior to these two issues arising. The problem with
multiple Budget Amendments is in the following of the original budget started and to track the changes
without the reports becoming difficult to manage. We may need to make an additional amendment
later in the year to make fund balance adjustments made during year end and the State Audit.
RECOMMENDATION:
Adopt an ordinance for the City of Edmonds, Washington, amending Ordinance No 4422 as a result of
unanticipated transfers and expenditures of various funds, and fixing a time when the same shall
become effective.
BUDGET IMPACTS:
Total Expenditures are increased by $333,621.65. Not impact on Revenue. The net impact is
$333,621.65 reduction of the City’s total fund balance.
Item 2.2
Packet pg. 41/43
ITEM HISTORY:
N/A
ADDITIONAL INFORMATION:
ATTACHMENTS:
N/A
Item 2.2
Packet pg. 42/43
City Council Agenda Item 2.3
June 16, 2026 - Finance Committee
TITLE:Follow-up to questions from the recent budget retreat (First Reading)
DEPARTMENT:Finance
PRESENTER:Kisha Post
NEEDED FROM COUNCIL:Informational
RECOMMENDATION:None
BUDGET:
Total Dollar Amount:0 ☐ Approved in Budget
Fund(s):N/A ☐ Budget Reallocation Required
☒ No Budget Impact
PROBLEM/ISSUE STATEMENT:
Finance will provide additional information and discussion on:
Cash Flows and Cash Position
Other Financing Sources (Revenue)
Interfund Service Charges (Revenue) – How it is calculated during budget and year end
Council Actions Impacting Revenue
CONTEXT, ANALYSIS, & ALTERNATIVES:
N/A
RECOMMENDATION:
None
BUDGET IMPACTS:
None
ITEM HISTORY:
May 30th Budget Retreat
ADDITIONAL INFORMATION:
ATTACHMENTS:
N/A
Item 2.3
Packet pg. 43/43