HomeMy WebLinkAbout2026-08-18 FIN Committee Packet
Edmonds City Council Agenda
August 18, 2026
Posted: 8/14/2026 1:19 PM Page 1
Agenda
Edmonds City Council
Finance Committee
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1. CALL TO ORDER
2. COMMITTEE BUSINESS
1. June 2026 Monthly Financial Report First Reading – Finance (0 minutes)
ADJOURNMENT
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City Council Agenda Item 2.1
August 18, 2026 - Finance Committee
TITLE:June 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:
June 2026 Monthly Financial Report
Item 2.1
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Item 2.1
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CITY OF EDMONDS
JUNE 2026 FINANCIAL REPORT
FY 2026 June
June 30, 2026
Item 2.1
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Item 2.1
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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 (001) Cash Flows Report ..... 24
Appendix A ................................................ 25
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Item 2.1
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MONTHLY HIGHLIGHTS
GENERAL FUND HIGHLIGHTS
• Sales Tax is up $282,615 from this point last year and is $393,272 over the cumulative budget forecast of $5,765,455 for sales tax
revenues. We are currently trending 4.81% over 2025 for sales collections through June.
• Development Services related revenues are $934,822 more than they were to this point in 2025. Through June, we are 50% of the
year complete, but have received 103% of the budgeted Development Services revenues, or $1,079,149 over the $1,010,650 that
would be expected through this point.
• Charges for Services revenues in the General Fund are up $39,220 from 2025; this is due to the large increase in Development
Services revenues to this point. We would expect this revenue source to be lower due to no longer receiving EMS Transport Fees in
2026. Through June of 2025, we had received $982,823 in revenues from this revenue source.
• 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 June is $4,500,000. Total interest to date that will be charged for this loan is $380,091; the City has paid $133,032 of this
interest as of the end of June.
• Salaries and Benefits City-Wide were $(286,683) less than 2025; with the General Fund being less by $(225,707). Through June, we
expended $15,157,930 for the General Fund which is $(1,227,202) less than we would have expected through this point. This is due
to leaving additional approved and funded positions vacant in 2026. For all funds we have spent $(2,428,124) less than we would
have expected through this point.
Sales Tax Property Tax Other Taxes
Actual 6,158,727 6,311,930 7,009,152
Budget 11,700,000 11,713,393 13,222,116
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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
6/30/2025
Revenues
6/30/2026
Revenues
Amount
Remaining % Received
TAXES $ 36,635,509 $ 19,320,176 $ 19,479,810 $ 17,155,699 53%
LICENSES AND PERMITS 1,965,050 1,011,214 1,159,551 805,499 59%
INTERGOVERNMENTAL REVENUES 1,248,653 848,637 562,715 685,938 45%
CHARGES FOR GOODS AND SERVICES 7,825,347 4,478,395 4,517,615 3,307,732 58%
FINES AND PENALTIES 2,888,000 481,821 1,410,212 1,477,788 49%
MISCELLANEOUS REVENUES 838,381 451,256 519,754 318,627 62%
OTHER INCREASES IN FUND RESOURCES - 6,000,000 - - 0%
OTHER FINANCING SOURCES 50,000 50,626 - 50,000 0%
51,450,940$ 32,642,125$ 27,649,657$ 23,801,283$ 54%
CITY OF EDMONDS
REVENUES - GENERAL FUND - BY SOURCE IN SUMMARY
Item 2.1
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Item 2.1
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4
001 General Fund 1,336,357$ 110,617,025$ 84,949,261$ 106,565,322$ 79,109,205$ 1,101,021$ (2,046,612)$
009 LEOFF Medical Insurance Reserve Subfund 19,441 550,000 555,000 629,000 554,801 (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 2,380,534 194,410 114,097 2,714,068 648,862 448,913 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 - - 196,425 109,532 82,340 90,665
019 Edmonds Opioid Response Fund 456,556 100,000 98,865 450,000 - 541,619 541,619
Total General Fund 7,487,735 111,511,435 85,717,223 110,750,175 80,429,659 5,172,484 3,879,546
104 Drug Enforcement Fund 47,981 9,400 3,582 40,000 14,765 34,035 49,425
111 Street Fund 177,530 5,545,000 3,750,702 5,374,146 3,215,764 992,838 621,524
112 Street Construction Fund 3,211,126 12,153,779 3,876,009 11,206,049 2,614,334 4,139,154 3,766,445
117 Municipal Arts Acquisition Fund 671,730 548,241 195,284 768,927 284,491 424,236 655,828
120 Hotel/Motel Tax Fund 165,422 258,410 194,053 290,000 224,725 164,380 131,470
121 Employee Parking Permit Fund 12,691 110,290 41,419 65,173 24,314 22,008 461
122 Youth Scholarship Fund 20,769 4,750 2,230 6,000 300 21,521 22,181
123 Tourism Promotional Arts Fund 151,599 57,970 73,284 84,800 38,913 135,906 174,466
125 REET 2 2,432,519 3,787,950 3,108,757 3,238,613 1,159,774 4,374,102 3,676,805
126 REET 1 4,631,092 4,043,320 3,264,112 4,054,434 2,018,193 6,023,387 5,174,891
127 Gifts Catalog Fund 3,027,911 677,940 2,334,965 1,298,953 627,921 4,445,870 4,773,527
130 Cemetery Maintenance/Imp. Fund 130,453 675,719 716,646 671,945 454,772 248,448 388,822
137 Cemetery Maintenance Fund 1,269,638 183,761 109,437 311,124 272,174 1,146,992 1,075,068
138 Sister City Commission Fund 17,896 17,540 6,548 14,800 - 22,833 24,003
140 Business Improvement District Fund 34,037 158,418 128,119 173,320 118,762 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 135,348 141,761 324,104 150,000 111,819 367,460 384,201
Total Special Revenue Funds 16,519,406 28,504,249 18,229,933 27,748,284 11,181,021 23,120,350 21,417,963
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231 2012 LTGO Debt Service Fund - 607,060 336,791 607,760 336,791 (350) -
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332 Parks Capital Construction Fund 299,964 684,482 751,074 237,035 67,814 537,270 328,410
411 Combined Utility Operations - - 73,145 - - - -
421 Water Utility Fund 39,451,533 25,144,575 21,833,314 41,240,704 22,060,071 38,368,119 43,757,274
422 Storm Utility Fund 23,214,849 20,874,042 14,460,811 23,800,916 13,258,544 26,549,925 26,150,921
423 Sewer/WWTP Utility Fund 80,547,614 39,829,016 30,829,428 40,183,800 26,330,839 84,818,738 84,371,349
424 Utility Debt Service Fund 843,961 2,323,310 1,386,054 2,297,790 1,386,053 843,961 843,961
Total Enterprise Funds 144,057,957 88,170,943 68,582,753 107,523,210 63,035,507 150,580,742 155,123,504
511 Equipment Rental Fund 11,867,486 4,889,190 4,175,098 4,121,587 2,864,777 12,836,286 12,305,347
512 Technology Rental Fund 1,252,104 5,077,196 3,615,482 5,010,600 3,234,827 1,681,309 1,790,223
Total Internal Service Funds 13,119,590 9,966,386 7,790,580 9,132,187 6,099,604 14,517,594 14,095,569
181,484,652$ 239,444,555$ 181,408,354$ 255,998,651$ 161,150,397$ 193,928,091$ 194,844,993$
all other pages reflect full budget.
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2025
Unaudited
Ending
Fund Balance
2025-2026
Actual
Revenues
Period 1-18
2025-2026
Actual
Expenses
Period 1-18
2026
Estimated
Ending
Fund Balance
is to provide a more accurate estimate for ending fund balance for these three funds as of the end of 2026. This is only reflected in this manner for this chart;
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. This
TOTAL
2025
Beginning
Fund Balance
2025-2026
Adopted
Revenue
Budget
2025-2026
Adopted
Expense
BudgetFund
Item 2.1
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5
City of Edmonds
All Funds Financial Summary
As of June 30, 2026
Fund
Beginning Fund
Balance*
Revenues /
Sources
Expenditures /
Uses
Revenues less
Expenditures
Ending Fund
Balance
Governmental
001 General Fund (2,046,612) 27,649,657 24,437,847 3,211,810 1,165,198
009 LEOFF Medical Insurance Reserve 1,444 235,000 216,804 18,196 19,640
012 Contingency Reserve 2,228,672 - - - 2,228,672
014 Historic Sub-Fund 4,559 - - - 4,559
016 Building Maintenance 2,204,843 35,345 394,420 (359,074) 1,845,769
017 Marsh Restoration 854,357 - - - 854,357
018 Homeless Response 90,665 - 196 (196) 90,468
019 Opioid Response 541,619 13,802 - 13,802 555,421
Total General Fund and Subfunds 3,879,546 27,933,804 25,049,267 2,884,537 6,764,083
Special Revenue Funds
104 Drug Enforcement 49,425 770 13,615 (12,845) 36,581
111 Street 621,524 1,320,196 1,230,322 89,874 711,398
112 Street Construction 3,766,445 1,054,560 456,591 597,968 4,364,413
117 Municipal Arts 655,828 20,601 97,996 (77,395) 578,433
120 Hotel / Motel 131,470 52,747 51,798 949 132,418
121 Employee Parking 461 28,843 - 28,843 29,304
122 Youth Scholarship 22,181 445 - 445 22,625
123 Tourism Promotion 174,466 20,282 9,358 10,924 185,389
125 REET 2 3,676,805 967,582 259,023 708,559 4,385,364
126 REET 1 5,174,891 998,361 362,988 635,373 5,810,264
127 Gifts Catalog 4,773,527 187,988 205,964 (17,976) 4,755,551
130 Cemetery Maintenance 388,822 180,740 172,490 8,250 397,072
137 Cemetery Trust 1,075,068 21,608 - 21,608 1,096,675
138 Sister City 24,003 477 - 477 24,480
140 Business Improvement 26,034 51,730 34,368 17,361 43,395
141 Affordable Housing 462,814 21,433 - 21,433 484,246
142 Edmonds Rescue 10,000 - - - 10,000
143 Tree Fund 384,201 11,979 44,177 (32,198) 352,002
Capital Projects 328,410 599,575 - 599,575 927,985
Debt Service - 30,589 30,589 - -
Enterprise Funds
411 Combined Utility Operation - 73,145 - 73,145 73,145
421 Water Utility 43,757,274 8,166,553 4,660,668 3,505,885 47,263,158
422 Storm Water Utility 26,150,921 5,673,558 3,639,557 2,034,001 28,184,922
423 Sewer / Wastewater Treatment Plant 84,371,349 10,439,019 9,240,780 1,198,238 85,569,587
424 Bond Reserve Fund 843,961 236,686 236,684 1 843,962
Internal Service Funds
511 Equipment Rental 12,305,347 1,257,435 879,705 377,730 12,683,077
512 Technology Rental 1,790,223 1,206,728 1,302,294 (95,566) 1,694,656
All Funds 194,844,993 60,557,430 47,978,234 12,579,195 207,424,189
*All Beginning Fund Balance amounts reflect 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.
$250,000 of the Fund Balance in Fund 422 has been reserved for Marsh Restoration Funding.
Item 2.1
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Item 2.1
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6
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Title
2026 Amended
Budget
6/30/2025
Expenditures
6/30/2026
Expenditures
Amount
Remaining % Spent
CITY COUNCIL 467,980$ 232,438$ 227,785$ 240,195$ 49%
OFFICE OF MAYOR 498,288 247,793 241,533 256,755 48%
HUMAN RESOURCES 1,107,619 458,852 497,881 609,738 45%
CITY ADMINISTRATOR 633,656 - 288,615 345,041 46%
CITY ATTORNEY 1,326,346 462,395 524,097 802,249 40%
CITY CLERK 493,061 - 220,595 272,466 45%
ADMINISTRATIVE SERVICES 1,818,360 1,120,802 995,304 823,056 55%
NON-DEPARTMENTAL 6,768,912 8,292,206 4,018,664 2,750,248 59%
POLICE SERVICES 18,498,299 8,864,374 8,865,553 9,632,746 48%
MUNICIPAL COURT 2,552,713 873,179 1,204,370 1,348,343 47%
SATELLITE OFFICE - 8,444 - - 0%
COMMUNITY SERVICES/ECONOMIC DEV.240 483,058 85,918 (85,678) 35799%
PLANNING & DEVELOPMENT 4,326,010 1,684,528 1,878,455 2,447,555 43%
HUMAN SERVICES PROGRAM - 76,419 - - 0%
PARKS & RECREATION 5,167,117 2,375,602 2,233,428 2,933,689 43%
PUBLIC WORKS ADMINISTRATION 883,360 397,346 436,510 446,850 49%
FACILITIES MAINTENANCE 2,606,747 1,174,037 1,101,127 1,505,620 42%
ENGINEERING 4,154,599 1,610,229 1,618,013 2,536,586 39%
51,303,307$ 28,361,701$ 24,437,847$ 26,865,460$ 48%
EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN SUMMARY
CITY OF EDMONDS
Item 2.1
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Item 2.1
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7
GENERAL FUND SUMMARY
General Fund - Fund 001 Only
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 4,158,304 23,805,067 -5.63%
June 28,148,925 2,923,100 3,844,590 27,649,657 -1.77%
July 30,804,734 2,655,809 2,608,704 30,258,361 -1.77%
August 33,606,336 2,801,602 2,751,911 33,010,272 -1.77%
September 36,605,232 2,998,896 2,945,706 35,955,978 -1.77%
October 45,224,778 8,619,546 8,466,664 44,422,642 -1.77%
November 48,602,351 3,377,573 3,317,666 47,740,308 -1.77%
December 51,450,940 2,848,589 2,798,065 50,538,373 -1.77%
51,450,940$
General Fund - Fund 001 Only
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 4,870,197$ 4,870,197$ 4,678,204$ 4,678,204$ -3.94%
February 8,768,158 3,897,961 4,100,965 8,779,169 0.13%
March 13,101,352 4,333,193 3,750,362 12,529,530 -4.36%
April 17,066,310 3,964,959 3,887,023 16,416,554 -3.81%
May 21,156,600 4,090,289 3,887,944 20,304,498 -4.03%
June 25,542,983 4,386,384 4,133,349 24,437,847 -4.33%
July 29,343,736 3,800,753 3,636,311 28,074,157 -4.33%
August 33,299,221 3,955,485 3,784,348 31,858,505 -4.33%
September 37,572,495 4,273,274 4,088,388 35,946,893 -4.33%
October 41,951,466 4,378,971 4,189,511 40,136,404 -4.33%
November 46,402,091 4,450,625 4,258,065 44,394,470 -4.33%
December 51,303,307 4,901,216 4,689,161 49,083,631 -4.33%
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 which covers 2024 and 2025. As we received the full $6M interfund loan during January and
February in 2025, this has effected the estimated flows of revenues coming in during 2026 and assumes a larger than normal amount will be coming in during
January and February of 2026. This is why it shows that we will expect to come in -1.77% under budget for 2026 when we are currently trending over budget
through June. Through June we have received 54% of budget when only 50% of the year is complete. Please also note that the monthly report is cash basis and
does not reflect accruals or adjustments done for year-end financial reporting. Due to this, the "prior year" green line reflects the $6M interfund loan as being
recorded as revenue to the general fund. For year-end financial reporting, this was moved to a balance sheet account.
0
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35,000,000
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55,000,000
60,000,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
General Fund -Fund 001 only
Current Year Budget Prior Year
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
55,000,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
General Fund -Fund 001 Only
Current Year Budget Prior Year
Item 2.1
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8
DEVELOPMENT SERVICES REVENUE SUMMARY
Source
2026 Amended
Budget
6/30/2025
Revenues
6/30/2026
Revenues
Amount
Remaining % Received
DEV SERV PERMIT SURCHARGE 90,000$ 61,547$ 69,334$ 20,666$ 77%
RIGHT OF WAY FRANCHISE FEE 30,000 33,160 31,556 (1,556) 105%
BUILDING PERMITS 40,000 63,709 104,523 (64,523) 261%
FIRE PERMIT 5,000 - - 5,000 0%
ENGINEERING PERMIT 108,300 14,169 10,939 97,361 10%
ENG PERMIT - RIGHT OF WAY - 55,599 51,705 (51,705) 0%
ENG PERMIT - ENCROACHMENT - 1,233 3,003 (3,003) 0%
ENG PERMIT - STREET USE - 274 3,289 (3,289) 0%
STREET AND CURB PERMIT - 293 - - 0%
STREET AND CURB PERMIT W/LEASEHOLD 10,000 - - 10,000 0%
ENGINEERING FEES AND CHARGES - 1,528 - - 0%
FIRE CONSTRUCTION INSPECTION FEES 10,000 19,907 22,973 (12,973) 230%
ZONING/SUBDIVISION FEE - - 858 (858) 0%
BUILDING PLAN REVIEW AND INSPECTION 1,160,000 576,986 1,382,007 (222,007) 119%
BUILDING PEER PLAN REVIEW - 6,680 2,228 (2,228) 0%
FIRE PLAN REVIEW 25,000 21,169 29,608 (4,608) 118%
PLANNING REVIEW AND INSPECTION 110,000 41,793 49,827 60,173 45%
PLANNING PEER PLAN REVIEW - 5,000 1,422 (1,422) 0%
S.E.P.A. REVIEW 6,000 3,668 - 6,000 0%
ENG PLAN REVIEWS 210,000 76,055 37,083 172,917 18%
ENGINEERING PEER PLAN REVIEW 200,000 95,374 94,202 105,798 47%
ENG INSPECTIONS - 67,651 179,798 (179,798) 0%
CRITICAL AREA STUDY 17,000 9,184 15,444 1,556 91%
2,021,300$ 1,154,977$ 2,089,799$ (68,499)$ 103%
CITY OF EDMONDS
DEVELOPMENT SERVICES REVENUES SUMMARY
Item 2.1
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Item 2.1
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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. The large difference between
2026 and prior years is due to no longer receiving the EMS property tax levy with the move to the RFA.
$8,001,782 $8,118,011
$8,434,264 $8,654,041
$6,335,641
-
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
2022 2023 2024 2025 2026
Property Tax Revenues (January through June)
Sales Tax
In the next chart, sales tax is up 4.81% from this point in time in 2025. This is up from last year when it was up 3.43% at this point.
$4,072,013 $3,761,924
$4,797,214
$5,402,133 $5,538,698
$5,681,383 $5,876,112 $6,158,727
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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
4,000,000.00
4,500,000.00
5,000,000.00
5,500,000.00
6,000,000.00
6,500,000.00
2019 2020 2021 2022 2023 2024 2025 YTD 2026
Sales Tax Revenues (January through June)
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Item 2.1
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MAJOR REVENUE SUMMARY
Charges for Services
A larger difference is expected between 2026 and prior years due to no longer receiving EMS Transport Fees with the move to the RFA.
Due to receiving a larger increase in Development Services revenues through June, this has neutralized this difference.
$2,068,027
$3,296,454
$4,386,004 $4,478,396 $4,517,615
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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
4,000,000.00
4,500,000.00
5,000,000.00
2022 2023 2024 2025 2026
Charges for Services Revenues (January through June )
Water Utility Tax
The large difference between 2026 and prior years is due to the increase in Utility Tax from 10% to 20% that will sunset on December
31, 2028.
$407,126 $431,287 $468,398 $506,486
$1,105,392
-
100,000.00
200,000.00
300,000.00
400,000.00
500,000.00
600,000.00
700,000.00
800,000.00
900,000.00
1,000,000.00
1,100,000.00
1,200,000.00
2022 2023 2024 2025 2026
Water Utility Tax Revenues (January through June)
Item 2.1
Packet pg. 13/41
Item 2.1
Packet pg. 13/41
11
MAJOR REVENUE SUMMARY
Sewer Utility Tax
The large difference between 2026 and prior years is due to the increase in Utility Tax from 10% to 20% that will sunset on D ecember
31, 2028.
$479,959 $501,909 $559,959 $614,194
$1,361,580
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
2022 2023 2024 2025 2026
Sewer Utility Tax Revenues (January through June)
Real Estate Excise Tax
Real Estate Excise Taxes (REET) are collected from all real estate transactions. The utilization of this revenue is restrict ed to capital
projects and projects identified in the capital facilities plan. Real Estate Excise Tax is down -18.29% from this point in time last year.
$2,330,065
$1,703,080
$1,272,041
$1,551,544
$2,186,917
$1,786,966
-
200,000.00
400,000.00
600,000.00
800,000.00
1,000,000.00
1,200,000.00
1,400,000.00
1,600,000.00
1,800,000.00
2,000,000.00
2,200,000.00
2,400,000.00
2,600,000.00
2021 2022 2023 2024 2025 2026
Real Estate Excise Taxes (January through June)
Item 2.1
Packet pg. 14/41
Item 2.1
Packet pg. 14/41
12
ALL REVENUE SUMMARY
Fund
No.Title
2026 Amended
Budget
6/30/2025
Revenues
6/30/2026
Revenues
Amount
Remaining % Received
001 GENERAL FUND 51,450,940$ 32,642,125$ 27,649,657$ 23,801,283$ 54%
009 LEOFF-MEDICAL INS. RESERVE 275,000 135,000 235,000 40,000 85%
016 BUILDING MAINTENANCE FUND 94,070 40,292 35,345 58,725 38%
017 MARSH RESTORATION & PRESERVATION FUND 50,000 - - 50,000 0%
019 EDMONDS OPIOID RESPONSE FUND 50,000 11,238 13,802 36,198 28%
104 DRUG ENFORCEMENT FUND 4,610 1,420 770 3,840 17%
111 STREET FUND 3,105,000 1,260,981 1,320,196 1,784,804 43%
112 COMBINED STREET CONST/IMPROVE 9,027,861 1,429,551 1,054,560 7,973,301 12%
117 MUNICIPAL ARTS ACQUIS. FUND 121,420 99,311 20,601 100,819 17%
120 HOTEL/MOTEL TAX REVENUE FUND 128,910 56,806 52,747 76,163 41%
121 EMPLOYEE PARKING PERMIT FUND 54,950 10,414 28,843 26,107 52%
122 YOUTH SCHOLARSHIP FUND 2,340 864 445 1,895 19%
123 TOURISM PROMOTIONAL FUND/ARTS 8,740 21,817 20,282 (11,542) 232%
125 REAL ESTATE EXCISE TAX 2 2,139,330 1,172,563 967,582 1,171,748 45%
126 REAL ESTATE EXCISE TAX 1 2,262,900 1,236,858 998,361 1,264,539 44%
127 GIFTS CATALOG FUND 332,360 132,019 187,988 144,372 57%
130 CEMETERY MAINTENANCE/IMPROVEMT 202,562 112,435 180,740 21,822 89%
137 CEMETERY MAINTENANCE TRUST FD 96,924 49,428 21,608 75,316 22%
138 SISTER CITY COMMISSION 6,230 529 477 5,753 8%
140 BUSINESS IMPROVEMENT DISTRICT 79,209 42,868 51,730 27,479 65%
141 AFFORDABLE AND SUPPORTIVE HOUSING FUND 65,000 19,584 21,433 43,567 33%
142 EDMONDS RESCUE PLAN FUND - 2,500 - - 0%
143 TREE FUND 58,259 300,116 11,979 46,280 21%
231 2012 LT GO DEBT SERVICE FUND 301,190 32,926 30,589 270,601 10%
332 PARKS CAPITAL CONSTRUCTION FUND 335,860 93,178 599,575 (263,715) 179%
411 COMBINED UTILITY OPERATION - 70,580 73,145 (73,145) 0%
421 WATER UTILITY FUND 15,030,903 5,945,171 8,166,553 6,864,350 54%
422 STORM UTILITY FUND 12,850,528 4,432,959 5,673,558 7,176,970 44%
423 SEWER/WWTP UTILITY FUND 20,499,448 10,063,956 10,439,019 10,060,429 51%
424 BOND RESERVE FUND 1,148,390 249,801 236,686 911,704 21%
511 EQUIPMENT RENTAL FUND 2,512,920 1,691,154 1,257,435 1,255,485 50%
512 TECHNOLOGY RENTAL FUND 2,673,614 1,209,020 1,206,728 1,466,886 45%
124,969,468$ 62,567,464$ 60,557,430 64,412,038$ 48%
CITY OF EDMONDS
REVENUES BY FUND - SUMMARY
Item 2.1
Packet pg. 15/41
Item 2.1
Packet pg. 15/41
13
ALL REVENUE SUMMARY
Fund
No.Title
2025-2026
Adopted Revenue
Budget
2025-2026
Actual Revenues
Period 1-18
Amount
Remaining % Received
001 GENERAL FUND 110,617,025$ 84,949,261$ 25,667,764$ 77%
009 LEOFF-MEDICAL INS. RESERVE 550,000 555,000 (5,000) 101%
016 BUILDING MAINTENANCE FUND 194,410 114,097 80,313 59%
017 MARSH RESTORATION & PRESERVATION FUND 50,000 - 50,000 0%
019 EDMONDS OPIOID RESPONSE FUND 100,000 98,865 1,135 99%
104 DRUG ENFORCEMENT FUND 9,400 3,582 5,818 38%
111 STREET FUND 5,545,000 3,750,702 1,794,298 68%
112 COMBINED STREET CONST/IMPROVE 12,153,779 3,876,009 8,277,770 32%
117 MUNICIPAL ARTS ACQUIS. FUND 548,241 195,284 352,957 36%
120 HOTEL/MOTEL TAX REVENUE FUND 258,410 194,053 64,357 75%
121 EMPLOYEE PARKING PERMIT FUND 110,290 41,419 68,872 38%
122 YOUTH SCHOLARSHIP FUND 4,750 2,230 2,520 47%
123 TOURISM PROMOTIONAL FUND/ARTS 57,970 73,284 (15,314) 126%
125 REAL ESTATE EXCISE TAX 2 3,787,950 3,108,757 679,193 82%
126 REAL ESTATE EXCISE TAX 1 4,043,320 3,264,112 779,208 81%
127 GIFTS CATALOG FUND 677,940 2,334,965 (1,657,025) 344%
130 CEMETERY MAINTENANCE/IMPROVEMT 675,719 716,646 (40,927) 106%
137 CEMETERY MAINTENANCE TRUST FD 183,761 109,437 74,324 60%
138 SISTER CITY COMMISSION 17,540 6,548 10,992 37%
140 BUSINESS IMPROVEMENT DISTRICT 158,418 128,119 30,299 81%
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 141,761 324,104 (182,343) 229%
231 2012 LT GO DEBT SERVICE FUND 607,060 336,791 270,269 55%
332 PARKS CAPITAL CONSTRUCTION FUND 684,482 751,074 (66,592) 110%
411 COMBINED UTILITY OPERATION - 73,145 (73,145) 0%
421 WATER UTILITY FUND 26,394,575 21,833,314 4,561,261 83%
422 STORM UTILITY FUND 22,624,042 14,460,811 8,163,231 64%
423 SEWER/WWTP UTILITY FUND 39,829,016 30,829,428 8,999,588 77%
424 BOND RESERVE FUND 2,323,310 1,386,054 937,256 60%
511 EQUIPMENT RENTAL FUND 4,889,190 4,175,098 714,092 85%
512 TECHNOLOGY RENTAL FUND 5,077,196 3,615,482 1,461,714 71%
242,444,555$ 181,408,354$ 61,036,201$ 75%
CITY OF EDMONDS
REVENUES BY FUND - BIENNIAL SUMMARY
Item 2.1
Packet pg. 16/41
Item 2.1
Packet pg. 16/41
14
ALL EXPENDITURE SUMMARY
Fund
No.Title
2026 Amended
Budget
6/30/2025
Expenditures
6/30/2026
Expenditures
Amount
Remaining % Spent
001 GENERAL FUND 51,303,307$ 28,361,701$ 24,437,847$ 26,865,460$ 48%
009 LEOFF-MEDICAL INS. RESERVE 311,500 156,685 216,804 94,696 70%
011 RISK MANAGEMENT RESERVE FUND - - - - 0%
014 HISTORIC PRESERVATION GIFT FUND 5,700 - - 5,700 0%
016 BUILDING MAINTENANCE FUND 1,850,000 125,102 394,420 1,455,580 21%
017 MARSH RESTORATION & PRESERVATION FUND 98,240 - - 98,240 0%
018 EDMONDS HOMELESSNESS RESPONSE FUND 8,325 50,626 196 8,129 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 1,076,296 1,230,322 1,503,364 45%
112 COMBINED STREET CONST/IMPROVE 8,655,152 1,355,493 456,591 8,198,561 5%
117 MUNICIPAL ARTS ACQUIS. FUND 353,012 69,929 97,996 255,016 28%
120 HOTEL/MOTEL TAX REVENUE FUND 96,000 37,546 51,798 44,202 54%
121 EMPLOYEE PARKING PERMIT FUND 33,403 - - 33,403 0%
122 YOUTH SCHOLARSHIP FUND 3,000 300 - 3,000 0%
123 TOURISM PROMOTIONAL FUND/ARTS 47,300 9,394 9,358 37,942 20%
125 REAL ESTATE EXCISE TAX 2 1,442,033 414,419 259,023 1,183,010 18%
126 REAL ESTATE EXCISE TAX 1 1,414,404 413,229 362,988 1,051,416 26%
127 GIFTS CATALOG FUND 660,017 215,555 205,964 454,053 31%
130 CEMETERY MAINTENANCE/IMPROVEMT 342,936 138,962 172,490 170,446 50%
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 35,323 34,368 51,507 40%
142 EDMONDS RESCUE PLAN FUND - - - - 0%
143 TREE FUND 75,000 3,704 44,177 30,823 59%
231 2012 LT GO DEBT SERVICE FUND 301,540 32,926 30,589 270,951 10%
332 PARKS CAPITAL CONSTRUCTION FUND 127,000 2,805 - 127,000 0%
421 WATER UTILITY FUND 18,670,058 7,809,581 4,660,668 14,009,390 25%
422 STORM UTILITY FUND 11,201,524 5,770,851 3,639,557 7,561,967 32%
423 SEWER/WWTP UTILITY FUND 20,052,059 8,225,190 9,240,780 10,811,279 46%
424 BOND RESERVE FUND 1,148,390 249,684 236,684 911,706 21%
511 EQUIPMENT RENTAL FUND 1,981,981 1,180,374 879,705 1,102,276 44%
512 TECHNOLOGY RENTAL FUND 2,782,528 1,220,830 1,302,294 1,480,234 47%
125,886,370$ 56,956,505$ 47,978,234 77,908,136$ 38%
CITY OF EDMONDS
EXPENDITURES BY FUND - SUMMARY
Item 2.1
Packet pg. 17/41
Item 2.1
Packet pg. 17/41
15
ALL EXPENDITURE SUMMARY
Fund
No.Title
2025-2026
Adopted Expenditure
Budget
2025-2026
Actual Expenditures
Period 1-17
Amount
Remaining % Spent
001 GENERAL FUND 109,565,322$ 79,109,205$ 30,456,117$ 72%
009 LEOFF-MEDICAL INS. RESERVE 629,000 554,801 74,199 88%
011 RISK MANAGEMENT RESERVE FUND - - - 0%
014 HISTORIC PRESERVATION GIFT FUND 11,400 - 11,400 0%
016 BUILDING MAINTENANCE FUND 2,714,068 648,862 2,065,206 24%
017 MARSH RESTORATION & PRESERVATION FUND 183,960 7,258 176,702 4%
018 EDMONDS HOMELESSNESS RESPONSE FUND 196,425 109,532 86,893 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 3,215,764 2,158,382 60%
112 COMBINED STREET CONST/IMPROVE 11,206,049 2,614,334 8,591,715 23%
117 MUNICIPAL ARTS ACQUIS. FUND 768,927 284,491 484,436 37%
120 HOTEL/MOTEL TAX REVENUE FUND 290,000 224,725 65,275 77%
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 38,913 45,887 46%
125 REAL ESTATE EXCISE TAX 2 3,238,613 1,159,774 2,078,839 36%
126 REAL ESTATE EXCISE TAX 1 4,054,434 2,018,193 2,036,241 50%
127 GIFTS CATALOG FUND 1,298,953 627,921 671,032 48%
130 CEMETERY MAINTENANCE/IMPROVEMT 671,945 454,772 217,173 68%
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 173,320 118,762 54,558 69%
142 EDMONDS RESCUE PLAN FUND - - - 0%
143 TREE FUND 150,000 111,819 38,181 75%
231 2012 LT GO DEBT SERVICE FUND 607,760 336,791 270,969 55%
332 PARKS CAPITAL CONSTRUCTION FUND 237,035 67,814 169,221 29%
421 WATER UTILITY FUND 41,240,704 22,060,071 19,180,633 53%
422 STORM UTILITY FUND 23,800,916 13,258,544 10,542,372 56%
423 SEWER/WWTP UTILITY FUND 40,183,800 26,330,839 13,852,961 66%
424 BOND RESERVE FUND 2,297,790 1,386,053 911,737 60%
511 EQUIPMENT RENTAL FUND 4,121,587 2,864,777 1,256,810 70%
512 TECHNOLOGY RENTAL FUND 5,010,600 3,234,827 1,775,773$ 65%
258,998,651$ 161,150,397$ 97,848,254$ 62%
CITY OF EDMONDS
EXPENDITURES BY FUND - BIENNIAL SUMMARY
Item 2.1
Packet pg. 18/41
Item 2.1
Packet pg. 18/41
16
SALARIES AND BENEFITS SUMMARY
Below is a comparison of the total staff labor related costs (salaries and benefits) for 2019 through 2026.
$14,698,182 $15,169,082 $15,514,418 $15,982,810
$20,599,819
$21,881,635 $20,460,363
$20,173,680
-
2,000,000.00
4,000,000.00
6,000,000.00
8,000,000.00
10,000,000.00
12,000,000.00
14,000,000.00
16,000,000.00
18,000,000.00
20,000,000.00
22,000,000.00
24,000,000.00
2019 2020 2021 2022 2023 2024 2025 2026
Salaries & Benefits (January through June)
Department
2026 Approved
"Regular" positions
2026 Modification
Reductions
2026 Total
(with modification)
2026 Active
(as of 3/5/26)
2026 Vacant but
funded
(as of 3/6/26)
City Council 8.00 8.00 8.00 -
Mayor 5.00 5.00 5.00 -
City Administrator 2.00 2.00
Human Resources 4.00 4.00 4.00 -
Court 11.67 11.67 11.00 0.67
Administrative Services 10.00 10.00 9.00 1.00
Information Services 6.00 6.00 5.00 1.00
Police 61.75 (2.00) 59.75 58.75 1.00
Planning & Development 21.00 21.00 20.00 1.00
Parks, Recreation and Human Services 30.32 (2.00) 28.32 26.00 2.32
Public Works Admin/Facilities 15.06 15.06 11.06 4.00
Engineering 18.50 18.50 14.50 4.00
Streets/Storm 20.00 20.00 17.00 3.00
Water/Sewer/Treatment Plant 38.00 38.00 30.00 8.00
Equipment Rental 4.00 4.00 4.00 -
Total City Employee Count 255.30 (4.00) 251.30 223.31 25.99
The above chart only reflects approved and funded "regular" positions.
Unfunded "Regular" PositionsUnfunded "Irregular" Positions
Mayor 1.00
Human Resources 0.63 -
Court 1.00 -
Administrative Services 2.00 -
Information Services 1.00 0.25
Police 26.00 -
Community Services & Economic Development 1.75 -
Planning & Development 1.00 -
Parks, Recreation and Human Services 10.94 2.87
Public Works Admin/Facilities 1.00 -
Engineering - 1.00
46.32 4.12
Item 2.1
Packet pg. 19/41
Item 2.1
Packet pg. 19/41
17
Page 1 of 3
Title
2026 Amended
Budget
6/30/2025
Expenditures
6/30/2026
Expenditures
Amount
Remaining % Spent
CITY COUNCIL
SALARIES AND WAGES 265,506$ 118,876$ 122,658$ 142,848$ 46%
OVERTIME - - 813 (813) 0%
BENEFITS 135,028 85,225 76,915 58,113 57%
400,534$ 204,101$ 200,386$ 200,148$ 50%
OFFICE OF MAYOR
SALARIES AND WAGES 298,357$ 163,133$ 169,329$ 129,028$ 57%
OVERTIME - - 140 (140) 0%
BENEFITS 77,027 37,617 50,653 26,374 66%
375,384$ 200,751$ 220,122$ 155,262$ 59%
HUMAN RESOURCES
SALARIES AND WAGES 626,019$ 275,406$ 321,152$ 304,867$ 51%
OVERTIME - - - - 0%
BENEFITS 221,541 99,756 107,658 113,883 49%
847,560$ 375,162$ 428,810$ 418,750$ 51%
CITY ADMINISTRATOR
SALARIES AND WAGES 368,025$ 197,455$ 170,570$ 54%
OVERTIME - - - 0%
BENEFITS 97,691 46,015 51,676 47%
465,716$ -$ 243,469$ 222,247$ 52%
CITY CLERK
SALARIES AND WAGES 261,548$ 115,631$ 145,917$ 44%
OVERTIME - - - 0%
BENEFITS 94,617 41,071 53,546 43%
356,165$ -$ 156,702$ 199,463$ 44%
ADMINISTRATIVE SERVICES
SALARIES AND WAGES 1,225,806$ 755,847$ 600,293$ 625,513$ 49%
OVERTIME 8,000 5,179 18,651 (10,651) 233%
BENEFITS 447,639 237,782 172,845 274,794 39%
1,681,445$ 998,808$ 791,789$ 889,656$ 47%
NON-DEPARTMENTAL
SALARIES AND WAGES 249,063$ -$ -$ 249,063$ 0%
OVERTIME - - - - 0%
BENEFITS 48,607 67,854 26,828 21,779 55%
297,670$ 67,854$ 26,828$ 270,842$ 9%
POLICE SERVICES
SALARIES AND WAGES 9,501,260$ 4,836,371$ 4,483,191$ 5,018,069$ 47%
OVERTIME 764,747 246,041 399,809 364,938 52%
HOLIDAY BUYBACK 287,420 2,697 4,566 282,854 2%
BENEFITS 3,320,055 1,743,923 1,759,132 1,560,923 53%
13,873,482$ 6,829,032$ 6,646,697$ 7,226,785$ 48%
MUNICIPAL COURT
SALARIES AND WAGES 1,455,523$ 520,125$ 670,629$ 784,894$ 46%
OVERTIME 10,000 8,234 5,827 4,173 58%
BENEFITS 418,948 166,379 207,445 211,503 50%
1,884,471$ 694,738$ 883,901$ 1,000,570$ 47%
COMMUNITY SERVICES/ECON DEV.
SALARIES AND WAGES -$ 298,479$ 10,908$ (10,908)$ 0%
OVERTIME - 6,093 - - 0%
BENEFITS - 101,153 2,981 (2,981) 0%
-$ 405,726$ 13,889$ (13,889)$ 0%
PLANNING & DEVELOPMENT
SALARIES AND WAGES 2,421,740$ 984,193$ 1,125,411$ 1,296,329$ 46%
OVERTIME - - - - 0%
BENEFITS 919,886 366,212 426,563 493,323 46%
3,341,626$ 1,350,405$ 1,551,974$ 1,789,652$ 46%
HUMAN SERVICES PROGRAM
SALARIES AND WAGES $ - $ 58,627 $ - $ - 0%
OVERTIME - - - - 0%
BENEFITS - 16,734 - - 0%
$ - $ 75,361 $ - $ - 0%
CITY OF EDMONDS
GENERAL FUND - SALARIES AND BENEFITS - BY DEPARTMENT IN DETAIL
Item 2.1
Packet pg. 20/41
Item 2.1
Packet pg. 20/41
18
Page 2 of 3
PARKS & RECREATION
SALARIES AND WAGES 2,435,050$ 1,225,010$ 1,159,413$ 1,275,637$ 48%
OVERTIME 10,000 667 7,289 2,711 73%
BENEFITS 987,310 471,511 428,933 558,377 43%
3,432,360$ 1,697,188$ 1,595,634$ 1,836,726$ 46%
PUBLIC WORKS ADMINISTRATION
SALARIES AND WAGES 489,335$ 174,364$ 257,395$ 231,940$ 53%
OVERTIME - - - - 0%
BENEFITS 194,326 69,731 83,265 111,061 43%
683,661$ 244,095$ 340,660$ 343,001$ 50%
FACILITIES MAINTENANCE
SALARIES AND WAGES 1,038,037$ 553,014$ 484,467$ 553,570$ 47%
OVERTIME 9,000 3,319 1,483 7,517 16%
BENEFITS 453,470 219,643 189,091 264,379 42%
1,500,507$ 775,976$ 675,042$ 825,465$ 45%
ENGINEERING
SALARIES AND WAGES 2,665,936$ 1,085,763$ 1,041,414$ 1,624,522$ 39%
OVERTIME 5,857 1 - 5,857 0%
BENEFITS 957,890 378,677 340,613 617,277 36%
3,629,683$ 1,464,440$ 1,382,027$ 2,247,656$ 38%
TOTAL GENERAL FUND SALARIES AND BENEFITS 32,770,264$ 15,383,637$ 15,157,930$ 17,612,334$ 46%
LEOFF-MEDICAL INS. RESERVE (009)
BENEFITS 167,000$ 83,721$ 96,494$ 70,506$ 58%
167,000$ 83,721$ 96,494$ 70,506$ 58%
STREET FUND (111)
SALARIES AND WAGES 1,026,728$ 322,657$ 346,758$ 679,970$ 34%
OVERTIME 41,700 14,039 14,582 27,118 35%
BENEFITS 449,049 139,298 127,220 321,829 28%
1,517,477$ 475,993$ 488,559$ 1,028,918$ 32%
MUNICIPAL ARTS ACQUIS. FUND (117)
SALARIES AND WAGES 97,365$ 40,000$ 4,087$ 93,278$ 4%
BENEFITS 44,247 - 595 43,652 1%
141,612$ 40,000$ 4,682$ 136,930$ 3%
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$ 44,640$ 44,685$ 89,158$ 33%
OVERTIME - - - - 0%
BENEFITS 56,831 15,158 16,909 39,922 30%
190,674$ 59,798$ 61,594$ 129,080$ 32%
GIFTS CATALOG FUND (127)
SALARIES AND WAGES 288,125$ 130,184$ 112,649$ 175,476$ 39%
OVERTIME - - 382 (382) 0%
BENEFITS 146,862 51,852 42,014 104,848 29%
434,987$ 182,037$ 155,044$ 279,943$ 36%
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. 21/41
Item 2.1
Packet pg. 21/41
19
Page 3 of 3
CEMETERY MAINTENANCE/IMPROVEMENT (130)
SALARIES AND WAGES 198,453$ 74,786$ 87,787$ 110,666$ 44%
OVERTIME 3,500 762 - 3,500 0%
BENEFITS 75,188 31,094 55,865 19,323 74%
277,141$ 106,641$ 143,652$ 133,489$ 52%
WATER FUND (421)
SALARIES AND WAGES 1,278,765$ 507,694$ 468,077$ 810,688$ 37%
OVERTIME 27,500 17,605 20,137 7,363 73%
BENEFITS 546,838 235,363 210,854 335,984 39%
1,853,103$ 760,662$ 699,068$ 1,154,035$ 38%
STORM FUND (422)
SALARIES AND WAGES 1,078,536$ 467,737$ 526,057$ 552,479$ 49%
OVERTIME 28,552 15,063 9,966 18,586 35%
BENEFITS 450,180 217,716 236,304 213,876 52%
1,557,268$ 700,516$ 772,326$ 784,942$ 50%
SEWER FUND (423)
SALARIES AND WAGES 891,334$ 1,341,024$ 397,308$ 494,026$ 45%
OVERTIME 32,438 112,246 18,351 14,087 57%
BENEFITS 353,292 516,355 140,541 212,751 40%
1,277,064$ 1,969,625$ 556,201$ 720,863$ 44%
SEWER FUND (423) - WWTP
SALARIES AND WAGES 2,383,116$ 849,239$ 1,533,877$ 36%
OVERTIME 125,000 170,576 (45,576.19) 136%
BENEFITS 907,763 334,218 573,544.99 37%
3,415,879$ -$ 1,354,033$ 2,061,846$ 40%
EQUIPMENT RENTAL FUND (511)
SALARIES AND WAGES 472,509$ 226,310$ 238,988$ 233,521$ 51%
OVERTIME 5,000 75 693 4,307 14%
BENEFITS 166,475 77,601 81,478 84,997 49%
643,984$ 303,985$ 321,159$ 322,825$ 50%
TECHNOLOGY RENTAL FUND (512)
SALARIES AND WAGES 674,757$ 288,841$ 273,631$ 401,126$ 41%
OVERTIME - 440 - - 0%
BENEFITS 251,096 104,466 89,305 161,791 36%
925,853$ 393,747$ 362,937$ 562,916$ 39%
TOTAL SALARIES AND BENEFITS - ALL FUNDS 45,203,609 20,460,363 20,173,680 25,029,929 45%
CITY OF EDMONDS
NON GENERAL FUND - SALARIES AND BENEFITS - BY DEPARTMENT IN DETAIL
Item 2.1
Packet pg. 22/41
Item 2.1
Packet pg. 22/41
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. 23/41
Item 2.1
Packet pg. 23/41
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 (145,833) 2,770,835 4.45%10,277
2026-06 2,770,835 (145,833) 2,625,002 4.45%9,736
2026-07 2,625,002 2,625,002 4.45%
2026-08 2,625,002 2,625,002 4.45%
2026-09 2,625,002 2,625,002 4.45%
2026-10 2,625,002 2,625,002 4.45%
2026-11 2,625,002 2,625,002 4.45%
2026-12 2,625,002 2,625,002 4.45%
(874,998) 66,527
*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 (104,167) 1,979,165 4.45%7,337
2026-06 1,979,165 (104,167) 1,874,998 4.45%6,951
2026-07 1,874,998 1,874,998 4.45%
2026-08 1,874,998 1,874,998 4.45%
2026-09 1,874,998 1,874,998 4.45%
2026-10 1,874,998 1,874,998 4.45%
2026-11 1,874,998 1,874,998 4.45%
2026-12 1,874,998 1,874,998 4.45%
(625,002) 47,495
*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 (12,981) 90,866
2026-06 90,866 (12,981) 77,885
2026-07 77,885 77,885
2026-08 77,885 77,885
2026-09 77,885 77,885
2026-10 77,885 77,885
2026-11 77,885 77,885
2026-12 77,885 77,885
(77,886)
*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 (9,191) 64,342
2026-06 64,342 (9,191) 55,151
2026-07 55,151 55,151
2026-08 55,151 55,151
2026-09 55,151 55,151
2026-10 55,151 55,151
2026-11 55,151 55,151
2026-12 55,151 55,151
(55,146)
*The $110,297 is the total interest owed to Fund 422 for 2025.
Fund 422 - 2025 Interest payment
Item 2.1
Packet pg. 24/41
Item 2.1
Packet pg. 24/41
22
INVESTMENT PORTFOLIO SUMMARY
Years
Agency/Investment Purchase to Par Market Maturity Coupon
Issuer Type Price Maturity Value Value Date Rate
FHLMC Bonds 993,661 0.06 1,115,000 1,112,975 07/22/26 0.830%
Farmer Mac Bonds 2,057,309 0.38 2,305,000 2,280,149 11/17/26 1.150%
First Financial - Waterfront Center CD 245,000 0.49 245,000 245,000 12/27/26 2.469%
US Treasury Note Note 1,003,690 0.67 1,000,000 1,000,779 02/28/27 4.125%
First Financial - ECA CD 2,803,516 1.38 2,803,516 2,803,516 11/15/27 2.956%
FAMC Bonds 1,060,671 1.58 1,061,000 1,053,231 01/26/28 3.625%
FAMC Bonds 930,600 2.34 1,000,000 927,236 10/30/28 0.850%
FHLB Bonds 994,400 3.24 1,000,000 980,445 09/24/29 3.500%
Resolution Funding Corporation Bonds 999,192 3.79 1,220,000 1,037,847 04/15/30 4.482%
FFCB Bonds 1,002,270 4.72 1,000,000 995,391 03/17/31 4.125%
FFCB Bonds 991,753 5.08 1,165,000 1,010,449 07/28/31 1.310%
TOTAL SECURITIES 13,082,063 2.16 13,914,516 13,447,019
Washington State Local Gov't Investment Pool 67,577,634 67,577,634 Demand 3.69%
81,492,150$ 81,024,653$
US Bank Account 11,377,245
92,869,395$
As of June 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,
$11.38 ,
12%
State LGIP,
$67.58 ,
73%
CD's , $3.05
, 3%
Note,
$1.00 ,
1%
Bonds ,
$9.87 ,
11%
Cash and Investment Balances
(in $ Millions)
Item 2.1
Packet pg. 25/41
Item 2.1
Packet pg. 25/41
23
INVESTMENT PORTFOLIO SUMMARY
$947,931 $950,684 $1,091,709
$1,683,872
$3,044,847 $2,914,584
$1,268,099
$-
$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
434,953
557,817 476,273
663,074
1,319,372 1,386,359
1,268,099
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
2020 2021 2022 2023 2024 2025 YTD 2026
Interest Income (January through June)
Item 2.1
Packet pg. 26/41
Item 2.1
Packet pg. 26/41
*The actual/estimate line combines actuals through the reporting month 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
3,404,644 3,032,981
2,302,261
1,416,182
985,258
4,409,081 4,063,611
2,440,047
(4,000,000)
(3,000,000)
(2,000,000)
(1,000,000)
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
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. 27/41
Item 2.1
Packet pg. 27/41
City of Edmonds
2026 General Fund (001) Cash Flow Report (with ACTUALS)
Beginning Cash Balance (233,040.82)
Difference
Revenues Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Forecast Aug Forecast Sep Forecast Oct Forecast Nov Forecast Dec Forecast Total Budget inc / (dec)
2 ,714,712 3,599,318 5,086,550 8,246,184 4,158,304 3,844,590 3 ,170,795 3 ,040,233 3 ,538,933 7,609,676 3,835,967 3,029,594 51,874,855 51,450,940 423,915
Expenditures Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Forecast Aug Forecast Sep Forecast Oct Forecast Nov Forecast Dec Forecast Total Budget Balance
4 ,678,204 4,100,965 3,750,362 3,887,023 3,887,944 4,133,349 3 ,901,515 3 ,926,312 3 ,969,857 4,185,853 4,181,436 4,653,158 49,255,978 51,303,307 (2,047,328)
- - - - - - - - - - - - -
Net Revenue/(Expenditures) (1,963,492) (501,647) 1,336,188 4,359,161 270,360 (288,759) (730,720) (886,079) (430,924) 3,423,823 (345,469)(1,623,564) 2,618,877 147,633 2,471,243
Changes in AR (45,984) (36,262) (63,210) 182,044 (38,980) 9,647
Changes in AP 185,327 184,377 (87,299) (229,407) 86,508 (92,551)
Changes in Cash/Petty Cash
Cash Balance (Estimate) (2,057,190) (2,410,722) (1,225,043) 3,086,756 3,404,644 3,032,981 2 ,302,261 1 ,416,182 985,258 4,409,081 4,063,611 2,440,047
2D
Item 2.1
Packet pg. 28/41
Item 2.1
Packet pg. 28/41
26
APPENDIX A
Item 2.1
Packet pg. 29/41
Item 2.1
Packet pg. 29/41
27
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
City Council
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 46,364$ 46,364$ 35,798$ 35,798$ -22.79%
February 93,936 47,571 38,451 74,248 -20.96%
March 132,237 38,301 38,444 112,693 -14.78%
April 171,198 38,961 38,359 151,051 -11.77%
May 218,197 46,999 38,398 189,449 -13.17%
June 252,198 34,001 38,336 227,785 -9.68%
July 288,103 35,905 32,429 260,215 -9.68%
August 323,828 35,726 32,267 292,482 -9.68%
September 358,881 35,053 31,660 324,142 -9.68%
October 396,773 37,891 34,224 358,366 -9.68%
November 433,507 36,735 33,179 391,545 -9.68%
December 467,980 34,473 31,136 422,681 -9.68%
467,980$
Office of Mayor
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 37,133$ 37,133$ 34,424$ 34,424$ -7.30%
February 76,256 39,123 33,436 67,859 -11.01%
March 119,627 43,371 35,401 103,261 -13.68%
April 162,818 43,191 41,081 144,342 -11.35%
May 218,503 55,685 48,278 192,620 -11.85%
June 254,977 36,475 48,913 241,533 -5.27%
July 295,532 40,554 38,416 279,948 -5.27%
August 334,938 39,407 37,329 317,277 -5.27%
September 373,551 38,613 36,577 353,854 -5.27%
October 415,432 41,881 39,673 393,527 -5.27%
November 451,910 36,478 34,554 428,082 -5.27%
December 498,288 46,378 43,932 472,014 -5.27%
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. 30/41
Item 2.1
Packet pg. 30/41
28
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Human Resources
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 117,220$ 117,220$ 71,575$ 71,575$ -38.94%
February 210,140 92,920 76,930 148,505 -29.33%
March 298,920 88,780 85,398 233,904 -21.75%
April 385,637 86,717 107,265 341,169 -11.53%
May 470,617 84,980 79,525 420,694 -10.61%
June 558,695 88,078 77,186 497,881 -10.89%
July 659,905 101,211 90,194 588,074 -10.89%
August 743,642 83,736 74,622 662,696 -10.89%
September 829,505 85,864 76,517 739,213 -10.89%
October 918,768 89,263 79,546 818,759 -10.89%
November 1,016,040 97,272 86,684 905,443 -10.89%
December 1,107,619 91,579 81,611 987,054 -10.89%
1,107,619$
Municipal Court
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 189,096$ 189,096$ 189,905$ 189,905$ 0.43%
February 391,251 202,155 196,077 385,982 -1.35%
March 585,303 194,052 203,226 589,208 0.67%
April 778,348 193,045 204,280 793,488 1.95%
May 979,006 200,658 210,247 1,003,735 2.53%
June 1,183,670 204,664 200,635 1,204,370 1.75%
July 1,393,819 210,149 213,824 1,418,194 1.75%
August 1,619,396 225,577 229,522 1,647,716 1.75%
September 1,850,836 231,440 235,488 1,883,204 1.75%
October 2,088,461 237,625 241,780 2,124,984 1.75%
November 2,322,013 233,552 237,637 2,362,621 1.75%
December 2,552,713 230,700 234,735 2,597,356 1.75%
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. 31/41
Item 2.1
Packet pg. 31/41
29
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Administrative Services
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 167,859$ 167,859$ 148,136$ 148,136$ -11.75%
February 319,958 152,100 156,285 304,421 -4.86%
March 470,860 150,902 160,967 465,388 -1.16%
April 614,608 143,748 182,555 647,942 5.42%
May 809,752 195,143 184,689 832,632 2.83%
June 941,605 131,853 162,672 995,304 5.70%
July 1,071,213 129,608 136,999 1,132,303 5.70%
August 1,207,441 136,228 143,997 1,276,300 5.70%
September 1,345,211 137,770 145,627 1,421,927 5.70%
October 1,507,636 162,425 171,688 1,593,615 5.70%
November 1,673,368 165,732 175,183 1,768,798 5.70%
December 1,818,360 144,992 153,261 1,922,059 5.70%
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. 32/41
Item 2.1
Packet pg. 32/41
30
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
City Attorney
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 110,529$ 110,529$ 35,256$ 35,256$ -68.10%
February 221,058 110,529 75,044 110,300 -50.10%
March 331,586 110,529 96,588 206,889 -37.61%
April 442,115 110,529 114,398 321,287 -27.33%
May 552,644 110,529 109,122 430,408 -22.12%
June 663,173 110,529 93,689 524,097 -20.97%
July 773,702 110,529 87,350 611,447 -20.97%
August 884,230 110,529 87,350 698,796 -20.97%
September 994,759 110,529 87,350 786,146 -20.97%
October 1,105,288 110,529 87,350 873,495 -20.97%
November 1,215,817 110,529 87,350 960,845 -20.97%
December 1,326,345 110,529 87,350 1,048,194 -20.97%
1,326,345$
Police
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 1,463,015$ 1,463,015$ 1,268,364$ 1,268,364$ -13.30%
February 2,935,499 1,472,484 1,782,532 3,050,897 3.93%
March 4,536,125 1,600,626 1,406,883 4,457,780 -1.73%
April 6,027,914 1,491,788 1,395,506 5,853,286 -2.90%
May 7,719,540 1,691,627 1,390,714 7,244,000 -6.16%
June 9,321,816 1,602,276 1,621,553 8,865,553 -4.89%
July 10,811,305 1,489,489 1,416,585 10,282,138 -4.89%
August 12,237,361 1,426,055 1,356,256 11,638,394 -4.89%
September 13,696,747 1,459,386 1,387,956 13,026,349 -4.89%
October 15,272,089 1,575,342 1,498,236 14,524,585 -4.89%
November 16,950,065 1,677,976 1,595,846 16,120,431 -4.89%
December 18,498,299 1,548,234 1,472,454 17,592,886 -4.89%
18,498,299$
*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. 33/41
Item 2.1
Packet pg. 33/41
31
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Planning & Development
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 328,441$ 328,441$ 286,018$ 286,018$ -12.92%
February 700,866 372,425 302,699 588,717 -16.00%
March 1,108,848 407,982 323,645 912,362 -17.72%
April 1,507,789 398,941 298,254 1,210,615 -19.71%
May 1,867,620 359,831 348,978 1,559,594 -16.49%
June 2,238,356 370,737 318,862 1,878,455 -16.08%
July 2,567,000 328,644 275,802 2,154,257 -16.08%
August 2,871,510 304,510 255,549 2,409,806 -16.08%
September 3,319,197 447,687 375,704 2,785,510 -16.08%
October 3,633,572 314,374 263,827 3,049,337 -16.08%
November 3,977,280 343,709 288,445 3,337,782 -16.08%
December 4,326,010 348,730 292,658 3,630,440 -16.08%
4,326,010$
Parks & Recreation
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 416,002$ 416,002$ 367,595$ 367,595$ -11.64%
February 835,006 419,004 392,512 760,107 -8.97%
March 1,312,631 477,625 376,399 1,136,505 -13.42%
April 1,714,475 401,844 376,742 1,513,247 -11.74%
May 2,137,519 423,044 412,576 1,925,823 -9.90%
June 2,558,191 420,672 307,605 2,233,428 -12.70%
July 3,010,169 451,978 394,600 2,628,027 -12.70%
August 3,480,423 470,253 410,555 3,038,582 -12.70%
September 3,912,294 431,871 377,045 3,415,627 -12.70%
October 4,317,827 405,533 354,051 3,769,678 -12.70%
November 4,718,164 400,337 349,514 4,119,192 -12.70%
December 5,167,117 448,953 391,958 4,511,150 -12.70%
5,167,117$
*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. 34/41
Item 2.1
Packet pg. 34/41
32
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Facilities Maintenance
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 242,473$ 242,473$ 179,610$ 179,610$ -25.93%
February 490,971 248,498 170,000 349,609 -28.79%
March 733,425 242,455 188,079 537,688 -26.69%
April 987,110 253,684 175,604 713,292 -27.74%
May 1,185,395 198,285 207,833 921,125 -22.29%
June 1,535,749 350,354 180,002 1,101,127 -28.30%
July 1,738,024 202,275 145,031 1,246,157 -28.30%
August 1,765,212 27,188 19,494 1,265,651 -28.30%
September 1,985,460 220,248 157,917 1,423,568 -28.30%
October 2,191,154 205,694 147,482 1,571,050 -28.30%
November 2,386,521 195,367 140,078 1,711,128 -28.30%
December 2,606,747 220,226 157,901 1,869,029 -28.30%
2,606,747$
Engineering
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 359,857$ 359,857$ 296,618$ 296,618$ -17.57%
February 714,231 354,374 247,021 543,639 -23.88%
March 1,045,901 331,670 265,576 809,215 -22.63%
April 1,389,504 343,603 246,192 1,055,407 -24.04%
May 1,726,994 337,490 316,225 1,371,632 -20.58%
June 2,112,969 385,975 246,381 1,618,013 -23.42%
July 2,434,055 321,085 245,872 1,863,885 -23.42%
August 2,788,117 354,062 271,124 2,135,009 -23.42%
September 3,139,615 351,499 269,161 2,404,170 -23.42%
October 3,475,863 336,248 257,483 2,661,653 -23.42%
November 3,807,315 331,452 253,811 2,915,463 -23.42%
December 4,154,599 347,284 265,934 3,181,397 -23.42%
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. 35/41
Item 2.1
Packet pg. 35/41
33
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Non-Departmental
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 982,771$ 982,771$ 1,614,683$ 1,614,683$ 64.30%
February 1,318,318 335,547 478,150 2,092,833 58.75%
March 1,767,509 449,191 392,861 2,485,694 40.63%
April 2,131,057 363,549 555,004 3,040,698 42.68%
May 2,453,970 322,912 343,299 3,383,998 37.90%
June 2,981,104 527,134 634,666 4,018,664 34.80%
July 3,297,961 316,857 427,138 4,445,802 34.80%
August 3,875,730 577,769 778,858 5,224,660 34.80%
September 4,509,750 634,020 854,688 6,079,348 34.80%
October 5,207,370 697,620 940,424 7,019,772 34.80%
November 5,872,477 665,107 896,594 7,916,366 34.80%
December 6,768,912 896,435 1,208,435 9,124,801 34.80%
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. 36/41
Item 2.1
Packet pg. 36/41
34
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 51,974 147,731 -80.83%
June 925,000 154,167 246,688 394,420 -57.36%
July 1,079,166 154,167 65,737 460,156 -57.36%
August 1,233,333 154,167 65,737 525,893 -57.36%
September 1,387,499 154,167 65,737 591,629 -57.36%
October 1,541,666 154,167 65,737 657,366 -57.36%
November 1,695,833 154,167 65,737 723,103 -57.36%
December 1,849,999 154,167 65,737 788,839 -57.36%
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. 37/41
Item 2.1
Packet pg. 37/41
35
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 1,339,598 370,823 321,808 1,317,802 -1.63%
June 2,004,973 665,375 469,164 1,786,966 -10.87%
July 2,359,988 355,015 316,413 2,103,379 -10.87%
August 2,738,388 378,400 337,255 2,440,634 -10.87%
September 3,038,181 299,793 267,196 2,707,830 -10.87%
October 3,439,573 401,392 357,747 3,065,577 -10.87%
November 3,713,484 273,912 244,128 3,309,706 -10.87%
December 4,000,000 286,516 255,362 3,565,068 -10.87%
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$ 670,219$ 670,219$ -20.12%
February 983,800 144,784 108,274 778,493 -20.87%
March 1,165,508 181,708 119,702 898,195 -22.94%
April 1,316,718 151,209 116,917 1,015,113 -22.91%
May 1,506,526 189,808 192,912 1,208,025 -19.81%
June 1,655,173 148,647 94,269 1,302,294 -21.32%
July 1,872,333 217,160 170,862 1,473,156 -21.32%
August 2,040,789 168,456 132,541 1,605,698 -21.32%
September 2,227,781 186,992 147,126 1,752,823 -21.32%
October 2,409,853 182,073 143,255 1,896,079 -21.32%
November 2,572,514 162,661 127,982 2,024,061 -21.32%
December 2,782,528 210,014 165,239 2,189,300 -21.32%
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. 38/41
Item 2.1
Packet pg. 38/41
36
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 1,513,622 6,708,803 62.89%
June 4,874,074 755,494 1,457,750 8,166,553 67.55%
July 5,979,594 1,105,520 1,852,307 10,018,861 67.55%
August 10,988,128 5,008,534 8,391,842 18,410,702 67.55%
September 12,357,871 1,369,743 2,295,016 20,705,718 67.55%
October 13,273,924 916,053 1,534,855 22,240,573 67.55%
November 14,275,600 1,001,676 1,678,317 23,918,890 67.55%
December 15,030,903 755,303 1,265,516 25,184,406 67.55%
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$ 646,512$ 646,512$ -73.50%
February 3,072,014 632,734 651,481 1,297,993 -57.75%
March 3,766,488 694,474 804,949 2,102,942 -44.17%
April 4,498,942 732,454 636,371 2,739,313 -39.11%
May 5,103,171 604,229 775,221 3,514,535 -31.13%
June 6,387,286 1,284,115 1,146,134 4,660,668 -27.03%
July 7,648,612 1,261,326 920,363 5,581,031 -27.03%
August 12,384,668 4,736,056 3,455,801 9,036,832 -27.03%
September 14,102,790 1,718,122 1,253,678 10,290,510 -27.03%
October 15,254,823 1,152,033 840,614 11,131,124 -27.03%
November 16,171,171 916,348 668,640 11,799,764 -27.03%
December 18,670,058 2,498,887 1,823,385 13,623,149 -27.03%
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. 39/41
Item 2.1
Packet pg. 39/41
37
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 4,692,537 837,799 816,321 4,863,356 3.64%
June 5,366,727 674,190 810,202 5,673,558 5.72%
July 6,197,765 831,039 878,552 6,552,109 5.72%
August 9,587,263 3,389,498 3,583,285 10,135,395 5.72%
September 10,345,345 758,082 801,424 10,936,819 5.72%
October 11,382,661 1,037,316 1,096,622 12,033,441 5.72%
November 12,130,499 747,838 790,594 12,824,035 5.72%
December 12,850,528 720,029 761,195 13,585,230 5.72%
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$ 584,403$ 584,403$ -10.19%
February 2,116,753 1,466,012 535,481 1,119,884 -47.09%
March 2,767,218 650,466 624,830 1,744,714 -36.95%
April 3,360,091 592,872 459,832 2,204,547 -34.39%
May 4,090,381 730,291 637,083 2,841,629 -30.53%
June 4,678,058 587,677 797,928 3,639,557 -22.20%
July 5,402,456 724,398 563,586 4,203,143 -22.20%
August 8,357,007 2,954,551 2,298,658 6,501,801 -22.20%
September 9,017,811 660,804 514,109 7,015,910 -22.20%
October 9,922,017 904,205 703,477 7,719,387 -22.20%
November 10,573,890 651,874 507,162 8,226,549 -22.20%
December 11,201,524 627,634 488,303 8,714,852 -22.20%
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. 40/41
Item 2.1
Packet pg. 40/41
38
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 1,540,760 8,190,328 1.85%
June 9,165,000 1,123,196 2,248,691 10,439,019 13.90%
July 10,743,639 1,578,639 1,798,084 12,237,103 13.90%
August 14,811,596 4,067,957 4,633,440 16,870,543 13.90%
September 16,280,297 1,468,701 1,672,864 18,543,407 13.90%
October 17,524,918 1,244,621 1,417,634 19,961,041 13.90%
November 19,202,434 1,677,516 1,910,706 21,871,747 13.90%
December 20,499,448 1,297,014 1,477,310 23,349,057 13.90%
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$ 1,558,008$ 1,558,008$ 8.53%
February 2,409,812 974,316 1,086,260 2,644,268 9.73%
March 4,001,259 1,591,447 1,525,922 4,170,190 4.22%
April 5,404,144 1,402,886 1,215,793 5,385,983 -0.34%
May 6,545,404 1,141,260 1,196,913 6,582,897 0.57%
June 8,094,395 1,548,991 2,657,884 9,240,780 14.16%
July 9,267,395 1,173,000 1,339,128 10,579,909 14.16%
August 13,637,317 4,369,922 4,988,821 15,568,729 14.16%
September 15,002,543 1,365,226 1,558,579 17,127,308 14.16%
October 16,220,047 1,217,504 1,389,936 18,517,244 14.16%
November 17,499,493 1,279,446 1,460,650 19,977,894 14.16%
December 20,052,059 2,552,566 2,914,078 22,891,972 14.16%
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. 41/41
Item 2.1
Packet pg. 41/41