HomeMy WebLinkAbout2026-09-15 FIN Committee Packet
Edmonds City Council Agenda
September 15, 2026
Posted: 9/11/2026 9:41 AM Page 1
Agenda
Edmonds City Council
Finance Committee
CITY COUNCIL CONFERENCE ROOM
121 - 5TH AVENUE N, EDMONDS, WA 98020
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SEPTEMBER 15, 2026, 1:00 PM
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5TH AVE N, EDMONDS WA.
1. CALL TO ORDER
2. COMMITTEE BUSINESS
1. July 2026 Monthly Financial Report First Reading – Finance (10 minutes)
ADJOURNMENT
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City Council Agenda Item 2.1
September 15, 2026 - Finance Committee
TITLE:July 2026 Monthly Financial Report (First Reading)
DEPARTMENT:Finance
PRESENTER:Richard Gould
NEEDED FROM COUNCIL:Informational
RECOMMENDATION:Review and move to full council to be received for filing.
BUDGET:
Total Dollar Amount: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:
July 2026 Monthly Financial Report
Item 2.1
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Item 2.1
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CITY OF EDMONDS
JULY 2026 FINANCIAL REPORT
FY 2026 July
July 31, 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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MONTHLY HIGHLIGHTS
GENERAL FUND HIGHLIGHTS
• Sales Tax is up $509,521 from this point last year and is $538,481 over the cumulative budget forecast of $6,675,904 for sales tax
revenues. We are currently trending 7.60% over 2025 for sales collections through July.
• Development Services related revenues are $906,445 more than they were to this point in 2025. Through July, we are 58% of the
year complete, but have received 113% of the budgeted Development Services revenues, or $1,103,502 over the $1,179,092 that
would be expected through this point.
• Charges for Services revenues in the General Fund are down $(60,324) from 2025; this difference is less than we would have expected
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 July 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 July is $4,250,000. Total interest to date that will be charged for this loan is $395,850; the City has paid $155,204 of this
interest as of the end of July.
• Through July, salaries and benefits totaled $17,741,887 for the General Fund which is $(1,374,100) 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
$(2,755,786) less than we would have expected through this point.
Sales Tax Property Tax Other Taxes
Actual 7,214,385 6,347,123 8,167,352
Budget 11,700,000 11,713,393 13,222,116
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4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
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General Fund Tax Revenue (2026 YTD)
Source
2026 Amended
Budget
7/31/2025
Revenues
7/31/2026
Revenues
Amount
Remaining % Received
TAXES $ 36,635,509 $ 20,896,368 $ 21,728,861 $ 14,906,648 59%
LICENSES AND PERMITS 1,965,050 1,250,087 1,378,659 586,391 70%
INTERGOVERNMENTAL REVENUES 1,248,653 1,037,482 646,057 602,596 52%
CHARGES FOR GOODS AND SERVICES 7,825,347 5,057,325 4,997,001 2,828,346 64%
FINES AND PENALTIES 2,888,000 784,055 1,636,944 1,251,056 57%
MISCELLANEOUS REVENUES 838,381 541,238 628,244 210,137 75%
OTHER INCREASES IN FUND RESOURCES - 6,000,000 - - 0%
OTHER FINANCING SOURCES 50,000 60,265 - 50,000 0%
51,450,940$ 35,626,820$ 31,015,767$ 20,435,173$ 60%
CITY OF EDMONDS
REVENUES - GENERAL FUND - BY SOURCE IN SUMMARY
Item 2.1
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4
001 General Fund 1,336,357$ 110,617,025$ 88,315,371$ 106,752,322$ 83,137,606$ 914,021$ (2,046,612)$
009 LEOFF Medical Insurance Reserve Subfund 19,441 737,000 580,000 756,000 590,412 24,944 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 2,380,534 194,410 119,113 2,714,068 673,198 448,913 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 - - 196,425 109,571 82,340 90,665
019 Edmonds Opioid Response Fund 456,556 100,000 130,296 450,000 - 541,619 541,619
Total General Fund 7,487,735 111,698,435 89,144,780 111,064,175 84,518,045 5,045,484 3,879,546
104 Drug Enforcement Fund 47,981 9,400 3,869 40,000 14,765 34,035 49,425
111 Street Fund 177,530 5,545,000 4,042,561 5,374,146 3,351,963 992,838 621,524
112 Street Construction Fund 3,211,126 12,153,779 3,978,365 11,206,049 2,789,463 4,139,154 3,766,445
117 Municipal Arts Acquisition Fund 671,730 548,241 199,846 768,927 355,121 424,236 655,828
120 Hotel/Motel Tax Fund 165,422 258,410 206,644 305,000 224,725 149,380 131,470
121 Employee Parking Permit Fund 12,691 110,290 42,586 65,173 24,314 22,008 461
122 Youth Scholarship Fund 20,769 4,750 2,410 6,000 300 21,521 22,181
123 Tourism Promotional Arts Fund 151,599 57,970 78,586 84,800 49,172 135,906 174,466
125 REET 2 2,432,519 3,787,950 3,336,093 3,330,424 1,281,170 4,282,291 3,676,805
126 REET 1 4,631,092 4,043,320 3,502,025 4,146,945 2,360,368 5,930,876 5,174,891
127 Gifts Catalog Fund 3,027,911 677,940 2,371,760 1,298,953 665,307 4,445,870 4,773,527
130 Cemetery Maintenance/Imp. Fund 130,453 675,719 742,230 671,945 490,768 248,448 388,822
137 Cemetery Maintenance Fund 1,269,638 183,761 118,176 461,124 272,578 996,992 1,075,068
138 Sister City Commission Fund 17,896 17,540 6,740 14,800 - 22,833 24,003
140 Business Improvement District Fund 34,037 158,418 128,524 173,320 125,525 19,368 26,034
141 Affordable Housing Fund 380,831 130,000 100,665 - - 527,814 462,814
142 Edmonds Rescue Plan Fund 833 - 9,167 - - 10,000 10,000
143 Tree Fund 135,348 141,761 326,907 150,000 111,819 367,460 384,201
Total Special Revenue Funds 16,519,406 28,504,249 19,197,153 28,097,606 12,117,358 22,771,028 21,417,963
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231 2012 LTGO Debt Service Fund - 607,760 336,791 607,760 337,141 350 -
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332 Parks Capital Construction Fund 299,964 684,482 761,776 237,035 67,814 537,270 328,410
411 Combined Utility Operations - - 85,215 - - - -
421 Water Utility Fund 39,451,533 25,144,575 23,590,669 41,240,704 22,976,881 38,368,119 43,757,274
422 Storm Utility Fund 23,214,849 20,874,042 15,299,112 23,800,916 14,226,951 26,549,925 26,150,921
423 Sewer/WWTP Utility Fund 80,547,614 39,829,016 32,401,545 40,183,800 27,574,511 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 72,762,595 107,523,210 66,164,396 150,580,742 155,123,504
511 Equipment Rental Fund 11,867,486 4,889,190 4,393,384 4,121,587 3,272,707 12,836,286 12,305,347
512 Technology Rental Fund 1,252,104 5,077,196 3,817,046 5,010,600 3,344,944 1,681,309 1,790,223
Total Internal Service Funds 13,119,590 9,966,386 8,210,430 9,132,187 6,617,651 14,517,594 14,095,569
181,484,652$ 239,632,255$ 190,413,525$ 256,661,973$ 169,822,405$ 193,452,469$ 194,844,993$
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
all other pages reflect full budget.
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2025
Unaudited
Ending
Fund Balance
2025-2026
Actual
Revenues
Period 1-19
2025-2026
Actual
Expenses
Period 1-19
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;
Item 2.1
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5
City of Edmonds
All Funds Financial Summary
As of July 31, 2026
Fund
Beginning Fund
Balance*
Revenues /
Sources
Expenditures /
Uses
Revenues less
Expenditures
Ending Fund
Balance
Governmental
001 General Fund (2,046,612) 31,015,767 28,466,248 2,549,519 502,906
009 LEOFF Medical Insurance Reserve 1,444 260,000 252,415 7,585 9,029
012 Contingency Reserve 2,228,672 - - - 2,228,672
014 Historic Sub-Fund 4,559 - - - 4,559
016 Building Maintenance 2,204,843 40,361 418,755 (378,394) 1,826,449
017 Marsh Restoration 854,357 - - - 854,357
018 Homeless Response 90,665 - 236 (236) 90,429
019 Opioid Response 541,619 45,233 - 45,233 586,852
Total General Fund and Subfunds 3,879,546 31,361,361 29,137,653 2,223,708 6,103,254
Special Revenue Funds
104 Drug Enforcement 49,425 1,057 13,615 (12,558) 36,867
111 Street 621,524 1,612,054 1,366,520 245,534 867,058
112 Street Construction 3,766,445 1,156,916 631,721 525,195 4,291,640
117 Municipal Arts 655,828 25,163 168,625 (143,463) 512,366
120 Hotel / Motel 131,470 65,337 51,798 13,539 145,009
121 Employee Parking 461 30,010 - 30,010 30,471
122 Youth Scholarship 22,181 625 - 625 22,805
123 Tourism Promotion 174,466 25,583 19,617 5,966 180,432
125 REET 2 3,676,805 1,194,918 380,419 814,498 4,491,303
126 REET 1 5,174,891 1,236,275 705,163 531,112 5,706,003
127 Gifts Catalog 4,773,527 224,783 243,350 (18,567) 4,754,960
130 Cemetery Maintenance 388,822 206,324 208,486 (2,163) 386,659
137 Cemetery Trust 1,075,068 30,347 404 29,942 1,105,010
138 Sister City 24,003 669 - 669 24,673
140 Business Improvement 26,034 52,135 41,131 11,003 37,037
141 Affordable Housing 462,814 30,582 - 30,582 493,396
142 Edmonds Rescue 10,000 - - - 10,000
143 Tree Fund 384,201 14,782 44,177 (29,395) 354,806
Capital Projects 328,410 610,277 - 610,277 938,687
Debt Service - 30,589 30,939 (350) (350)
Enterprise Funds
411 Combined Utility Operation - 85,215 - 85,215 85,215
421 Water Utility 43,757,274 9,923,908 5,577,478 4,346,430 48,103,703
422 Storm Water Utility 26,150,921 6,511,859 4,607,964 1,903,895 28,054,816
423 Sewer / Wastewater Treatment Plant 84,371,349 12,011,135 10,484,452 1,526,683 85,898,032
424 Bond Reserve Fund 843,961 236,686 236,684 1 843,962
Internal Service Funds
511 Equipment Rental 12,305,347 1,475,721 1,287,634 188,087 12,493,433
512 Technology Rental 1,790,223 1,408,292 1,412,411 (4,119) 1,786,103
All Funds 194,844,993 69,562,601 56,650,242 12,912,359 207,757,352
*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.
$250,000 of the Fund Balance in Fund 422 has been reserved for Marsh Restoration Funding.
Item 2.1
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6
GENERAL FUND DEPARTMENT EXPENSE SUMMARY
Title
2026 Amended
Budget
7/31/2025
Expenditures
7/31/2026
Expenditures
Amount
Remaining % Spent
CITY COUNCIL 467,379$ 266,103$ 266,224$ 201,155$ 57%
OFFICE OF MAYOR 498,288 280,866 243,530 254,758 49%
HUMAN RESOURCES 1,107,619 564,106 574,154 533,465 52%
CITY ADMINISTRATOR 633,737 - 484,996 148,741 77%
CITY ATTORNEY 1,326,346 577,772 629,268 697,078 47%
CITY CLERK 750,649 - 399,404 351,245 53%
ADMINISTRATIVE SERVICES 1,560,772 1,290,980 1,002,494 558,278 64%
NON-DEPARTMENTAL 6,955,912 9,361,422 4,438,718 2,517,194 64%
POLICE SERVICES 18,498,299 10,230,500 10,357,045 8,141,254 56%
MUNICIPAL COURT 2,553,298 1,030,083 1,408,842 1,144,456 55%
SATELLITE OFFICE - 8,487 - - 0%
COMMUNITY SERVICES/ECONOMIC DEV.- 549,168 - - 0%
PLANNING & DEVELOPMENT 4,326,185 1,912,067 2,181,700 2,144,485 50%
HUMAN SERVICES PROGRAM - 90,122 - - 0%
PARKS & RECREATION 5,167,117 2,792,720 2,737,945 2,429,173 53%
PUBLIC WORKS ADMINISTRATION 883,360 452,429 507,267 376,093 57%
FACILITIES MAINTENANCE 2,606,747 1,345,324 1,349,426 1,257,321 52%
ENGINEERING 4,154,599 1,836,144 1,885,237 2,269,362 45%
51,490,307$ 32,588,293$ 28,466,248$ 23,024,059$ 55%
EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN SUMMARY
CITY OF EDMONDS
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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 3,366,110 31,015,767 0.69%
August 33,606,336 2,801,602 2,820,795 33,836,562 0.69%
September 36,605,232 2,998,896 3,019,441 36,856,003 0.69%
October 45,224,778 8,619,546 8,678,596 45,534,598 0.69%
November 48,602,351 3,377,573 3,400,711 48,935,309 0.69%
December 51,450,940 2,848,589 2,868,104 51,803,413 0.69%
51,450,940$
General Fund - Fund 001 Only
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 4,887,949$ 4,887,949$ 4,678,204$ 4,678,204$ -4.29%
February 8,800,118 3,912,169 4,100,965 8,779,169 -0.24%
March 13,149,106 4,348,988 3,750,362 12,529,530 -4.71%
April 17,128,517 3,979,411 3,887,023 16,416,554 -4.16%
May 21,233,715 4,105,198 3,887,944 20,304,498 -4.38%
June 25,636,087 4,402,372 4,133,349 24,437,847 -4.67%
July 29,450,694 3,814,607 4,028,401 28,466,248 -3.34%
August 33,420,596 3,969,903 3,837,201 32,303,449 -3.34%
September 37,709,447 4,288,851 4,145,488 36,448,937 -3.34%
October 42,104,379 4,394,932 4,248,023 40,696,959 -3.34%
November 46,571,226 4,466,848 4,317,535 45,014,494 -3.34%
December 51,490,307 4,919,081 4,754,651 49,769,145 -3.34%
51,490,307$
*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 of budget will be coming
in during January and February of 2026. This is why it shows that we will expect to come in .69% over budget for 2026 when we are currently trending over
budget through July. Through July we have received 60% of budget when only 58% 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 $6M interfund loan
as being recorded as revenue to the general fund. For year-end financial reporting, this was moved to a balance sheet account.
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
55,000,000
60,000,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
General Fund -Fund 001 only
Current Year Budget Prior Year
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
55,000,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
General Fund -Fund 001 Only
Current Year Budget Prior Year
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DEVELOPMENT SERVICES REVENUE SUMMARY
Source
2026 Amended
Budget
7/31/2025
Revenues
7/31/2026
Revenues
Amount
Remaining % Received
DEV SERV PERMIT SURCHARGE 90,000$ 75,110$ 79,636$ 10,364$ 88%
RIGHT OF WAY FRANCHISE FEE 30,000 33,672 32,093 (2,093) 107%
BUILDING PERMITS 40,000 84,567 123,678 (83,678) 309%
FIRE PERMIT 5,000 - - 5,000 0%
ENGINEERING PERMIT 108,300 15,808 12,512 95,788 12%
ENG PERMIT - RIGHT OF WAY - 65,585 64,071 (64,071) 0%
ENG PERMIT - ENCROACHMENT - 1,233 3,432 (3,432) 0%
ENG PERMIT - STREET USE - 411 5,005 (5,005) 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 25,546 25,338 (15,338) 253%
ZONING/SUBDIVISION FEE - 1,205 858 (858) 0%
BUILDING PLAN REVIEW AND INSPECTION 1,160,000 666,107 1,488,174 (328,174) 128%
BUILDING PEER PLAN REVIEW - 6,680 2,228 (2,228) 0%
FIRE PLAN REVIEW 25,000 25,347 39,433 (14,433) 158%
PLANNING REVIEW AND INSPECTION 110,000 59,358 54,895 55,105 50%
PLANNING PEER PLAN REVIEW - 8,000 1,422 (1,422) 0%
S.E.P.A. REVIEW 6,000 3,668 - 6,000 0%
ENG PLAN REVIEWS 210,000 81,658 38,378 171,622 18%
ENGINEERING PEER PLAN REVIEW 200,000 115,958 93,238 106,762 47%
ENG INSPECTIONS - 93,185 201,042 (201,042) 0%
CRITICAL AREA STUDY 17,000 11,230 17,160 (160) 101%
2,021,300$ 1,376,148$ 2,282,594$ (261,294)$ 113%
CITY OF EDMONDS
DEVELOPMENT SERVICES REVENUES SUMMARY
Item 2.1
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Item 2.1
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MAJOR REVENUE SUMMARY
Property Tax
The timing of recording property tax revenues changed in 2023 to be recorded in the month that they were for versus the month that
the payment was received. This is the reason for the difference between the years 2022, and 2023-2026. 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.
$8,056,833 $8,150,988
$8,464,987 $8,701,360
$6,375,269
-
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 July)
Sales Tax
In the next chart, sales tax is up 7.60% from this point in time in 2025. This is up from last year when it was up .41% at this point.
$4,772,526 $4,450,258
$5,699,002
$6,337,518 $6,542,037
$6,677,774 $6,704,864 $7,214,385
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800,000.00
1,600,000.00
2,400,000.00
3,200,000.00
4,000,000.00
4,800,000.00
5,600,000.00
6,400,000.00
7,200,000.00
8,000,000.00
2019 2020 2021 2022 2023 2024 2025 YTD 2026
Sales Tax Revenues (January through July)
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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 Ju ly, this has lowered this difference.
$2,276,080
$4,269,761
$4,880,288 $5,057,325 $4,997,001
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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
2022 2023 2024 2025 2026
Charges for Services Revenues (January through July )
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.
$496,381
$543,193 $576,174 $622,548
$1,359,996
-
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
2022 2023 2024 2025 2026
Water Utility Tax Revenues (January through July)
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.
$567,718 $596,420 $662,981
$726,636
$1,612,231
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2022 2023 2024 2025 2026
Sewer Utility Tax Revenues (January through July)
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 -12.85% from this point in time last year.
$2,879,064
$2,043,169
$1,582,268 $1,899,207
$2,491,662
$2,171,404
-
400,000.00
800,000.00
1,200,000.00
1,600,000.00
2,000,000.00
2,400,000.00
2,800,000.00
3,200,000.00
2021 2022 2023 2024 2025 2026
Real Estate Excise Taxes (January through July)
Item 2.1
Packet pg. 14/41
Item 2.1
Packet pg. 14/41
12
ALL REVENUE SUMMARY
Fund
No.Title
2026 Amended
Budget
7/31/2025
Revenues
7/31/2026
Revenues
Amount
Remaining % Received
001 GENERAL FUND 51,450,940$ 35,626,820$ 31,015,767$ 20,435,173$ 60%
009 LEOFF-MEDICAL INS. RESERVE 462,000 155,000 260,000 202,000 56%
016 BUILDING MAINTENANCE FUND 94,070 47,056 40,361 53,709 43%
017 MARSH RESTORATION & PRESERVATION FUND 50,000 - - 50,000 0%
019 EDMONDS OPIOID RESPONSE FUND 50,000 11,238 45,233 4,767 90%
104 DRUG ENFORCEMENT FUND 4,610 1,686 1,057 3,553 23%
111 STREET FUND 3,105,000 1,440,123 1,612,054 1,492,946 52%
112 COMBINED STREET CONST/IMPROVE 9,027,861 2,047,159 1,156,916 7,870,945 13%
117 MUNICIPAL ARTS ACQUIS. FUND 121,420 103,069 25,163 96,257 21%
120 HOTEL/MOTEL TAX REVENUE FUND 128,910 70,312 65,337 63,573 51%
121 EMPLOYEE PARKING PERMIT FUND 54,950 11,038 30,010 24,940 55%
122 YOUTH SCHOLARSHIP FUND 2,340 979 625 1,715 27%
123 TOURISM PROMOTIONAL FUND/ARTS 8,740 26,871 25,583 (16,843) 293%
125 REAL ESTATE EXCISE TAX 2 2,139,330 1,342,323 1,194,918 944,412 56%
126 REAL ESTATE EXCISE TAX 1 2,262,900 1,418,738 1,236,275 1,026,625 55%
127 GIFTS CATALOG FUND 332,360 2,028,173 224,783 107,577 68%
130 CEMETERY MAINTENANCE/IMPROVEMT 202,562 148,273 206,324 (3,762) 102%
137 CEMETERY MAINTENANCE TRUST FD 96,924 58,214 30,347 66,577 31%
138 SISTER CITY COMMISSION 6,230 628 669 5,561 11%
140 BUSINESS IMPROVEMENT DISTRICT 79,209 54,218 52,135 27,074 66%
141 AFFORDABLE AND SUPPORTIVE HOUSING FUND 65,000 26,706 30,582 34,418 47%
142 EDMONDS RESCUE PLAN FUND - 9,167 - - 0%
143 TREE FUND 58,259 302,479 14,782 43,477 25%
231 2012 LT GO DEBT SERVICE FUND 301,890 32,926 30,589 271,301 10%
332 PARKS CAPITAL CONSTRUCTION FUND 335,860 104,360 610,277 (274,417) 182%
411 COMBINED UTILITY OPERATION - 81,620 85,215 (85,215) 0%
421 WATER UTILITY FUND 15,030,903 7,298,415 9,923,908 5,106,995 66%
422 STORM UTILITY FUND 12,850,528 5,134,692 6,511,859 6,338,669 51%
423 SEWER/WWTP UTILITY FUND 20,499,448 11,898,195 12,011,135 8,488,313 59%
424 BOND RESERVE FUND 1,148,390 249,801 236,686 911,704 21%
511 EQUIPMENT RENTAL FUND 2,512,920 1,893,970 1,475,721 1,037,199 59%
512 TECHNOLOGY RENTAL FUND 2,673,614 1,408,975 1,408,292 1,265,322 53%
125,157,168$ 73,033,223$ 69,562,601 55,594,567$ 56%
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 1-19
Amount
Remaining % Received
001 GENERAL FUND 110,617,025$ 88,315,371$ 22,301,654$ 80%
009 LEOFF-MEDICAL INS. RESERVE 737,000 580,000 157,000 79%
016 BUILDING MAINTENANCE FUND 194,410 119,113 75,297 61%
017 MARSH RESTORATION & PRESERVATION FUND 50,000 - 50,000 0%
019 EDMONDS OPIOID RESPONSE FUND 100,000 130,296 (30,296) 130%
104 DRUG ENFORCEMENT FUND 9,400 3,869 5,531 41%
111 STREET FUND 5,545,000 4,042,561 1,502,439 73%
112 COMBINED STREET CONST/IMPROVE 12,153,779 3,978,365 8,175,414 33%
117 MUNICIPAL ARTS ACQUIS. FUND 548,241 199,846 348,395 36%
120 HOTEL/MOTEL TAX REVENUE FUND 258,410 206,644 51,766 80%
121 EMPLOYEE PARKING PERMIT FUND 110,290 42,586 67,704 39%
122 YOUTH SCHOLARSHIP FUND 4,750 2,410 2,340 51%
123 TOURISM PROMOTIONAL FUND/ARTS 57,970 78,586 (20,616) 136%
125 REAL ESTATE EXCISE TAX 2 3,787,950 3,336,093 451,857 88%
126 REAL ESTATE EXCISE TAX 1 4,043,320 3,502,025 541,295 87%
127 GIFTS CATALOG FUND 677,940 2,371,760 (1,693,820) 350%
130 CEMETERY MAINTENANCE/IMPROVEMT 675,719 742,230 (66,511) 110%
137 CEMETERY MAINTENANCE TRUST FD 183,761 118,176 65,585 64%
138 SISTER CITY COMMISSION 17,540 6,740 10,800 38%
140 BUSINESS IMPROVEMENT DISTRICT 158,418 128,524 29,894 81%
141 AFFORDABLE AND SUPPORTIVE HOUSING FUND 130,000 100,665 29,335 77%
142 EDMONDS RESCUE PLAN FUND - 9,167 (9,167) 0%
143 TREE FUND 141,761 326,907 (185,146) 231%
231 2012 LT GO DEBT SERVICE FUND 607,760 336,791 270,969 55%
332 PARKS CAPITAL CONSTRUCTION FUND 684,482 761,776 (77,294) 111%
411 COMBINED UTILITY OPERATION - 85,215 (85,215) 0%
421 WATER UTILITY FUND 26,394,575 23,590,669 2,803,906 89%
422 STORM UTILITY FUND 22,624,042 15,299,112 7,324,930 68%
423 SEWER/WWTP UTILITY FUND 39,829,016 32,401,545 7,427,471 81%
424 BOND RESERVE FUND 2,323,310 1,386,054 937,256 60%
511 EQUIPMENT RENTAL FUND 4,889,190 4,393,384 495,806 90%
512 TECHNOLOGY RENTAL FUND 5,077,196 3,817,046 1,260,150 75%
242,632,255$ 190,413,525$ 52,218,730$ 78%
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
7/31/2025
Expenditures
7/31/2026
Expenditures
Amount
Remaining % Spent
001 GENERAL FUND 51,490,307$ 32,588,293$ 28,466,248$ 23,024,059$ 55%
009 LEOFF-MEDICAL INS. RESERVE 438,500 166,378 252,415 186,085 58%
011 RISK MANAGEMENT RESERVE FUND - - - - 0%
014 HISTORIC PRESERVATION GIFT FUND 5,700 - - 5,700 0%
016 BUILDING MAINTENANCE FUND 1,850,000 125,102 418,755 1,431,245 23%
017 MARSH RESTORATION & PRESERVATION FUND 98,240 - - 98,240 0%
018 EDMONDS HOMELESSNESS RESPONSE FUND 8,325 60,519 236 8,089 3%
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 1,214,661 1,366,520 1,367,166 50%
112 COMBINED STREET CONST/IMPROVE 8,655,152 1,424,412 631,721 8,023,431 7%
117 MUNICIPAL ARTS ACQUIS. FUND 353,012 79,223 168,625 184,387 48%
120 HOTEL/MOTEL TAX REVENUE FUND 111,000 47,022 51,798 59,202 47%
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 11,249 19,617 27,683 41%
125 REAL ESTATE EXCISE TAX 2 1,533,844 464,403 380,419 1,153,425 25%
126 REAL ESTATE EXCISE TAX 1 1,506,915 447,847 705,163 801,752 47%
127 GIFTS CATALOG FUND 660,017 256,210 243,350 416,667 37%
130 CEMETERY MAINTENANCE/IMPROVEMT 342,936 170,964 208,486 134,450 61%
137 CEMETERY MAINTENANCE TRUST FUND 175,000 11,050 404 174,596 0%
138 SISTER CITY COMMISSION 7,400 - - 7,400 0%
140 BUSINESS IMPROVEMENT DISTRICT 85,875 45,035 41,131 44,744 48%
142 EDMONDS RESCUE PLAN FUND - - - - 0%
143 TREE FUND 75,000 11,072 44,177 30,823 59%
231 2012 LT GO DEBT SERVICE FUND 301,540 32,926 30,939 270,601 10%
332 PARKS CAPITAL CONSTRUCTION FUND 127,000 2,911 - 127,000 0%
421 WATER UTILITY FUND 18,670,058 9,153,266 5,577,478 13,092,580 30%
422 STORM UTILITY FUND 11,201,524 6,216,322 4,607,964 6,593,560 41%
423 SEWER/WWTP UTILITY FUND 20,052,059 9,312,569 10,484,452 9,567,607 52%
424 BOND RESERVE FUND 1,148,390 249,684 236,684 911,706 21%
511 EQUIPMENT RENTAL FUND 1,981,981 1,283,508 1,287,634 694,347 65%
512 TECHNOLOGY RENTAL FUND 2,782,528 1,364,247 1,412,411 1,370,117 51%
126,549,692$ 64,739,175$ 56,650,242 69,899,450$ 45%
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 1-19
Amount
Remaining % Spent
001 GENERAL FUND 109,752,322$ 83,137,606$ 26,614,716$ 76%
009 LEOFF-MEDICAL INS. RESERVE 756,000 590,412 165,588 78%
011 RISK MANAGEMENT RESERVE FUND - - - 0%
014 HISTORIC PRESERVATION GIFT FUND 11,400 - 11,400 0%
016 BUILDING MAINTENANCE FUND 2,714,068 673,198 2,040,870 25%
017 MARSH RESTORATION & PRESERVATION FUND 183,960 7,258 176,702 4%
018 EDMONDS HOMELESSNESS RESPONSE FUND 196,425 109,571 86,854 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 3,351,963 2,022,183 62%
112 COMBINED STREET CONST/IMPROVE 11,206,049 2,789,463 8,416,586 25%
117 MUNICIPAL ARTS ACQUIS. FUND 768,927 355,121 413,806 46%
120 HOTEL/MOTEL TAX REVENUE FUND 305,000 224,725 80,275 74%
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 49,172 35,628 58%
125 REAL ESTATE EXCISE TAX 2 3,330,424 1,281,170 2,049,254 38%
126 REAL ESTATE EXCISE TAX 1 4,146,945 2,360,368 1,786,577 57%
127 GIFTS CATALOG FUND 1,298,953 665,307 633,646 51%
130 CEMETERY MAINTENANCE/IMPROVEMT 671,945 490,768 181,177 73%
137 CEMETERY MAINTENANCE TRUST FUND 461,124 272,578 188,546 59%
138 SISTER CITY COMMISSION 14,800 - 14,800 0%
140 BUSINESS IMPROVEMENT DISTRICT 173,320 125,525 47,795 72%
142 EDMONDS RESCUE PLAN FUND - - - 0%
143 TREE FUND 150,000 111,819 38,181 75%
231 2012 LT GO DEBT SERVICE FUND 607,760 337,141 270,619 55%
332 PARKS CAPITAL CONSTRUCTION FUND 237,035 67,814 169,221 29%
421 WATER UTILITY FUND 41,240,704 22,976,881 18,263,823 56%
422 STORM UTILITY FUND 23,800,916 14,226,951 9,573,965 60%
423 SEWER/WWTP UTILITY FUND 40,183,800 27,574,511 12,609,289 69%
424 BOND RESERVE FUND 2,297,790 1,386,053 911,737 60%
511 EQUIPMENT RENTAL FUND 4,121,587 3,272,707 848,880 79%
512 TECHNOLOGY RENTAL FUND 5,010,600 3,344,944 1,665,656$ 67%
259,661,973$ 169,822,405$ 89,839,568$ 65%
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.
$17,373,532 $17,731,358 $17,993,334
$18,674,456
$23,831,457 $25,464,907 $23,641,694 $23,618,820
-
2,000,000.00
4,000,000.00
6,000,000.00
8,000,000.00
10,000,000.00
12,000,000.00
14,000,000.00
16,000,000.00
18,000,000.00
20,000,000.00
22,000,000.00
24,000,000.00
26,000,000.00
28,000,000.00
2019 2020 2021 2022 2023 2024 2025 2026
Salaries & Benefits (January through July)
Department
2026 Approved
"Regular" positions
2026 Modification
Reductions
2026 Total
(with modification)
2026 Active
(as of 8/28/26)
2026 Vacant but
funded
(as of 8/28/26)
City Council 8.00 8.00 8.00 -
Mayor 6.00 6.00 6.00 -
City Administrator 2.00 2.00 2.00 -
Human Resources 4.00 4.00 4.00 -
Court 11.67 11.67 11.00 0.67
Finance 9.00 9.00 9.00 -
Information Services 6.00 6.00 5.00 1.00
Police 61.75 (2.00) 59.75 55.75 4.00
Planning & Development 21.00 21.00 20.00 1.00
Parks, Recreation and Human Services 30.32 (2.00) 28.32 27.32 1.00
Public Works Admin/Facilities 16.06 16.06 13.06 3.00
Engineering 18.50 18.50 18.50 -
Streets/Storm 18.00 18.00 15.00 3.00
Water/Sewer/Treatment Plant 39.00 39.00 31.00 8.00
Equipment Rental 4.00 4.00 4.00 -
Total City Employee Count 255.30 (4.00) 251.30 229.63 21.67
The above chart only reflects approved and funded "regular" positions.
Unfunded "Regular"Unfunded "Irregular" Positions
Mayor 1.00
Human Resources 0.63 -
Court 1.00 -
Finance 2.00 -
Information Services 1.00 0.25
Police 26.00 -
Community Services & Economic Development 1.75 -
Planning & Development 1.00 -
Parks, Recreation and Human Services 10.94 2.87
Public Works Admin/Facilities 1.00 -
Engineering - 1.00
46.32 4.12
Item 2.1
Packet pg. 19/41
Item 2.1
Packet pg. 19/41
17
Page 1 of 3
Title
2026 Amended
Budget
7/31/2025
Expenditures
7/31/2026
Expenditures
Amount
Remaining % Spent
CITY COUNCIL
SALARIES AND WAGES 265,506$ 137,059$ 143,523$ 121,983$ 54%
OVERTIME - - 813 (813) 0%
BENEFITS 135,028 96,002 89,779 45,249 66%
400,534$ 233,060$ 234,114$ 166,420$ 58%
OFFICE OF MAYOR
SALARIES AND WAGES 298,357$ 185,813$ 166,237$ 132,120$ 56%
OVERTIME - - - - 0%
BENEFITS 77,027 44,464 51,939 25,088 67%
375,384$ 230,278$ 218,176$ 157,208$ 58%
HUMAN RESOURCES
SALARIES AND WAGES 626,019$ 354,255$ 370,353$ 255,666$ 59%
OVERTIME - - - - 0%
BENEFITS 221,541 116,270 123,817 97,724 56%
847,560$ 470,524$ 494,170$ 353,390$ 58%
CITY ADMINISTRATOR
SALARIES AND WAGES 368,025$ 321,379$ 46,646$ 87%
OVERTIME - 140 (140) 0%
BENEFITS 97,691 65,095 32,596 67%
465,716$ -$ 386,614$ 79,102$ 83%
CITY CLERK
SALARIES AND WAGES 447,110$ 245,012$ 202,099$ 55%
OVERTIME - 27 (27) 0%
BENEFITS 166,643 82,001 84,642 49%
613,753$ -$ 327,040$ 286,714$ 53%
ADMINISTRATIVE SERVICES
SALARIES AND WAGES 1,040,244$ 871,923$ 582,904$ 457,340$ 56%
OVERTIME 8,000 5,382 20,436 (12,436) 255%
BENEFITS 375,613 271,524 166,668 208,945 44%
1,423,857$ 1,148,829$ 770,008$ 653,849$ 54%
NON-DEPARTMENTAL
SALARIES AND WAGES 249,063$ -$ -$ 249,063$ 0%
OVERTIME - - - - 0%
BENEFITS 48,607 84,583 56,146 (7,539) 116%
297,670$ 84,583$ 56,146$ 241,524$ 19%
POLICE SERVICES
SALARIES AND WAGES 9,501,260$ 5,572,442$ 5,193,363$ 4,307,897$ 55%
OVERTIME 764,747 301,629 487,954 276,793 64%
HOLIDAY BUYBACK 287,420 2,697 4,566 282,854 2%
BENEFITS 3,320,055 2,017,131 2,049,335 1,270,720 62%
13,873,482$ 7,893,898$ 7,735,218$ 6,138,264$ 56%
MUNICIPAL COURT
SALARIES AND WAGES 1,455,523$ 603,901$ 784,342$ 671,181$ 54%
OVERTIME 10,000 10,772 7,390 2,610 74%
BENEFITS 418,948 190,315 241,881 177,067 58%
1,884,471$ 804,989$ 1,033,613$ 850,858$ 55%
COMMUNITY SERVICES/ECON DEV.
SALARIES AND WAGES -$ 340,274$ -$ -$ 0%
OVERTIME - 6,093 - - 0%
BENEFITS - 113,235 - - 0%
-$ 459,602$ -$ -$ 0%
PLANNING & DEVELOPMENT
SALARIES AND WAGES 2,421,740$ 1,112,637$ 1,274,440$ 1,147,300$ 53%
OVERTIME - - - - 0%
BENEFITS 919,886 414,741 487,580 432,306 53%
3,341,626$ 1,527,378$ 1,762,019$ 1,579,607$ 53%
HUMAN SERVICES PROGRAM
SALARIES AND WAGES $ - $ 69,771 $ - $ - 0%
OVERTIME - - - - 0%
BENEFITS - 19,330 - - 0%
$ - $ 89,101 $ - $ - 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$ 1,417,930$ 1,357,066$ 1,077,984$ 56%
OVERTIME 10,000 1,396 9,524 476 95%
BENEFITS 987,310 537,408 502,638 484,672 51%
3,432,360$ 1,956,733$ 1,869,228$ 1,563,132$ 54%
PUBLIC WORKS ADMINISTRATION
SALARIES AND WAGES 489,335$ 203,431$ 298,926$ 190,409$ 61%
OVERTIME - - - - 0%
BENEFITS 194,326 80,172 96,380 97,946 50%
683,661$ 283,603$ 395,306$ 288,355$ 58%
FACILITIES MAINTENANCE
SALARIES AND WAGES 1,038,037$ 635,237$ 619,407$ 418,630$ 60%
OVERTIME 9,000 3,954 2,048 6,952 23%
BENEFITS 453,470 250,941 223,992 229,478 49%
1,500,507$ 890,132$ 845,447$ 655,060$ 56%
ENGINEERING
SALARIES AND WAGES 2,665,936$ 1,237,858$ 1,215,882$ 1,450,054$ 46%
OVERTIME 5,857 104 - 5,857 0%
BENEFITS 957,890 429,481 398,906 558,984 42%
3,629,683$ 1,667,444$ 1,614,788$ 2,014,895$ 44%
TOTAL GENERAL FUND SALARIES AND BENEFITS 32,770,264$ 17,740,156$ 17,741,887$ 15,028,377$ 54%
LEOFF-MEDICAL INS. RESERVE (009)
BENEFITS 167,000$ 89,869$ 104,806$ 62,194$ 63%
167,000$ 89,869$ 104,806$ 62,194$ 63%
STREET FUND (111)
SALARIES AND WAGES 1,026,728$ 383,274$ 396,726$ 630,002$ 39%
OVERTIME 41,700 16,505 18,866 22,834 45%
BENEFITS 449,049 163,065 145,526 303,523 32%
1,517,477$ 562,844$ 561,118$ 956,359$ 37%
MUNICIPAL ARTS ACQUIS. FUND (117)
SALARIES AND WAGES 97,365$ 40,000$ 57,224$ 40,141$ 59%
BENEFITS 44,247 - 16,391 27,856 37%
141,612$ 40,000$ 73,615$ 67,997$ 52%
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$ 52,561$ 52,204$ 81,639$ 39%
OVERTIME - - - - 0%
BENEFITS 56,831 17,701 18,173 38,658 32%
190,674$ 70,261$ 70,377$ 120,297$ 37%
GIFTS CATALOG FUND (127)
SALARIES AND WAGES 288,125$ 156,510$ 137,572$ 150,553$ 48%
OVERTIME - - 382 (382) 0%
BENEFITS 146,862 61,818 50,776 96,086 35%
434,987$ 218,328$ 188,729$ 246,258$ 43%
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$ 93,320$ 103,844$ 94,609$ 52%
OVERTIME 3,500 796 - 3,500 0%
BENEFITS 75,188 38,692 69,566 5,622 93%
277,141$ 132,808$ 173,411$ 103,730$ 63%
CEMETERY MAINTENANCE TRUST FUND (137)
SALARIES AND WAGES 6,630$ -$ 347$ 6,283$ 5%
BENEFITS 3,370 - 57 3,313 2%
10,000$ -$ 404$ 9,596$ 4%
WATER FUND (421)
SALARIES AND WAGES 1,278,765$ 593,715$ 545,785$ 732,980$ 43%
OVERTIME 27,500 23,079 25,335 2,165 92%
BENEFITS 546,838 274,443 247,636 299,202 45%
1,853,103$ 891,236$ 818,756$ 1,034,347$ 44%
STORM FUND (422)
SALARIES AND WAGES 1,078,536$ 544,377$ 603,067$ 475,469$ 56%
OVERTIME 28,552 18,125 11,956 16,596 42%
BENEFITS 450,180 253,661 275,727 174,453 61%
1,557,268$ 816,163$ 890,750$ 666,518$ 57%
SEWER FUND (423)
SALARIES AND WAGES 891,334$ 1,536,168$ 444,907$ 446,427$ 50%
OVERTIME 32,438 150,593 20,607 11,831 64%
BENEFITS 353,292 589,382 159,546 193,746 45%
1,277,064$ 2,276,143$ 625,060$ 652,004$ 49%
SEWER FUND (423) - WWTP
SALARIES AND WAGES 2,383,116$ 994,751$ 1,388,365$ 42%
OVERTIME 125,000 190,260 (65,259.72) 152%
BENEFITS 907,763 391,898 515,865.47 43%
3,415,879$ -$ 1,576,909$ 1,838,970$ 46%
EQUIPMENT RENTAL FUND (511)
SALARIES AND WAGES 472,509$ 263,781$ 278,450$ 194,059$ 59%
OVERTIME 5,000 75 693 4,307 14%
BENEFITS 166,475 89,261 95,129 71,346 57%
643,984$ 353,117$ 374,272$ 269,712$ 58%
TECHNOLOGY RENTAL FUND (512)
SALARIES AND WAGES 674,757$ 332,215$ 315,097$ 359,660$ 47%
OVERTIME - 440 - - 0%
BENEFITS 251,096 118,113 103,630 147,466 41%
925,853$ 450,768$ 418,727$ 507,126$ 45%
TOTAL SALARIES AND BENEFITS - ALL FUNDS 45,213,609 23,641,694 23,618,820 21,594,789 52%
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 (145,833) 2,479,169 4.45%9,195
2026-08 2,479,169 2,479,169 4.45%
2026-09 2,479,169 2,479,169 4.45%
2026-10 2,479,169 2,479,169 4.45%
2026-11 2,479,169 2,479,169 4.45%
2026-12 2,479,169 2,479,169 4.45%
(1,020,831) 75,722
*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 (104,167) 1,770,831 4.45%6,564
2026-08 1,770,831 1,770,831 4.45%
2026-09 1,770,831 1,770,831 4.45%
2026-10 1,770,831 1,770,831 4.45%
2026-11 1,770,831 1,770,831 4.45%
2026-12 1,770,831 1,770,831 4.45%
(729,169) 54,060
*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 (12,981) 64,904
2026-08 64,904 64,904
2026-09 64,904 64,904
2026-10 64,904 64,904
2026-11 64,904 64,904
2026-12 64,904 64,904
(90,867)
*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 (9,191) 45,960
2026-08 45,960 45,960
2026-09 45,960 45,960
2026-10 45,960 45,960
2026-11 45,960 45,960
2026-12 45,960 45,960
(64,337)
*The $110,297 is the total interest owed to Fund 422 for 2025.
Fund 422 - 2025 Interest payment
Item 2.1
Packet pg. 24/41
Item 2.1
Packet pg. 24/41
22
INVESTMENT PORTFOLIO SUMMARY
Years
Agency/Investment Purchase to Par Market Maturity Coupon
Issuer Type Price Maturity Value Value Date Rate
Farmer Mac Bonds 2,057,309 0.30 2,305,000 2,285,798 11/17/26 1.150%
First Financial - Waterfront Center CD 245,000 0.41 245,000 245,000 12/27/26 2.469%
US Treasury Note Note 1,003,690 0.58 1,000,000 1,000,612 02/28/27 4.125%
First Financial - ECA CD 2,803,516 1.29 2,803,516 2,803,516 11/15/27 2.956%
FAMC Bonds 1,060,671 1.49 1,061,000 1,052,254 01/26/28 3.625%
FAMC Bonds 930,600 2.25 1,000,000 926,919 10/30/28 0.850%
FHLB Bonds 994,400 3.15 1,000,000 975,650 09/24/29 3.500%
Resolution Funding Corporation Bonds 999,192 3.71 1,220,000 1,035,071 04/15/30 4.482%
FFCB Bonds 1,002,270 4.63 1,000,000 986,314 03/17/31 4.125%
FFCB Bonds 991,753 4.99 1,165,000 1,001,756 07/28/31 1.310%
TOTAL SECURITIES 12,088,402 2.28 12,799,516 12,312,890
Washington State Local Gov't Investment Pool 69,640,943 69,640,943 Demand 3.71%
82,440,459$ 81,953,833$
US Bank Account 10,755,346
93,195,806$
As of July 31, 2026
City of Edmonds Investment Portfolio Detail
TOTAL PORTFOLIO
Farmer
Mac, 18%
First
Financial -
CD, 24%
FFCB, 17%
FAMC, 16%
FHLB, 8%
US
Treasury
Note, 8%
Issuer Diversification Checking,
$10.76 ,
12%
State LGIP,
$69.64 ,
75%
CD's , $3.05
, 3%
Note,
$1.00 ,
1%
Bonds ,
$8.75 , 9%
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
$1,635,933
$-
$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
667,876 667,466 508,183
856,204
1,614,986 1,660,543 1,635,933
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2020 2021 2022 2023 2024 2025 YTD 2026
Interest Income (January through July)
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
2,480,424
1,589,187
1,150,525
4,566,610 4,203,085
2,538,253
(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 Actual 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 3,366,110 3,040,233 3,538,933 7,609,676 3,835,967 3,029,594 52,070,170 51,450,940 619,230
Expenditures Jan Actual Feb Actual Mar Actual Apr Actual May Actual Jun Actual Jul Actual 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 4,028,401 3,931,470 3,977,595 4,193,591 4,199,492 4,694,426 49,462,822 51,490,307 (2,027,484)
- - - - - - - - - - - - -
Net Revenue/(Expenditures)(1,963,492) (501,647) 1,336,188 4,359,161 270,360 (288,759) (662,292) (891,237) (438,662) 3,416,085 (363,525) (1,664,832) 2,607,347 (39,367) 2,646,714
Changes in AR (45,984) (36,262) (63,210) 182,044 (38,980) 9,647 144,115
Changes in AP 185,327 184,377 (87,299) (229,407) 86,508 (92,551) (34,380)
Changes in Cash/Petty Cash
Cash Balance (2,057,190) (2,410,722) (1,225,043) 3,086,756 3,404,644 3,032,981 2,480,424 1,589,187 1,150,525 4,566,610 4,203,085 2,538,253
24
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 46,305$ 46,305$ 35,798$ 35,798$ -22.69%
February 93,815 47,510 38,451 74,248 -20.86%
March 132,067 38,252 38,444 112,693 -14.67%
April 170,978 38,911 38,359 151,051 -11.65%
May 217,916 46,939 38,398 189,449 -13.06%
June 251,874 33,957 38,336 227,785 -9.56%
July 287,733 35,859 38,439 266,224 -7.48%
August 323,412 35,680 33,013 299,237 -7.48%
September 358,420 35,008 32,391 331,628 -7.48%
October 396,263 37,843 35,014 366,642 -7.48%
November 432,950 36,687 33,945 400,587 -7.48%
December 467,379 34,429 31,855 432,442 -7.48%
467,379$
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 1,997 243,530 -17.60%
August 334,938 39,407 32,473 276,002 -17.60%
September 373,551 38,613 31,819 307,821 -17.60%
October 415,432 41,881 34,512 342,333 -17.60%
November 451,910 36,478 30,059 372,392 -17.60%
December 498,288 46,378 38,217 410,609 -17.60%
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 76,273 574,154 -12.99%
August 743,642 83,736 72,855 647,009 -12.99%
September 829,505 85,864 74,706 721,715 -12.99%
October 918,768 89,263 77,663 799,378 -12.99%
November 1,016,040 97,272 84,632 884,010 -12.99%
December 1,107,619 91,579 79,679 963,689 -12.99%
1,107,619$
Municipal Court
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 189,140$ 189,140$ 189,905$ 189,905$ 0.40%
February 391,341 202,201 196,077 385,982 -1.37%
March 585,437 194,096 203,226 589,208 0.64%
April 778,526 193,089 204,280 793,488 1.92%
May 979,230 200,704 210,247 1,003,735 2.50%
June 1,183,941 204,710 200,635 1,204,370 1.73%
July 1,394,138 210,197 204,472 1,408,842 1.05%
August 1,619,767 225,629 228,008 1,636,850 1.05%
September 1,851,260 231,493 233,935 1,870,785 1.05%
October 2,088,939 237,679 240,186 2,110,971 1.05%
November 2,322,545 233,606 236,070 2,347,041 1.05%
December 2,553,298 230,753 233,187 2,580,227 1.05%
2,553,298$
*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
Finance
Cumulative Monthly Monthly YTD Variance
Budget Trend Budget Trend Actuals Actuals %
January 144,080$ 144,080$ 148,136$ 148,136$ 2.82%
February 274,633 130,553 156,285 304,421 10.85%
March 404,158 129,525 160,967 465,388 15.15%
April 527,543 123,385 182,555 647,942 22.82%
May 695,043 167,500 184,689 832,632 19.80%
June 808,217 113,175 162,672 995,304 23.15%
July 919,465 111,248 7,190 1,002,494 9.03%
August 1,036,395 116,930 127,489 1,129,983 9.03%
September 1,154,649 118,253 128,932 1,258,915 9.03%
October 1,294,065 139,416 152,005 1,410,920 9.03%
November 1,436,319 142,254 155,100 1,566,020 9.03%
December 1,560,772 124,453 135,691 1,701,711 9.03%
1,560,772$
*The monthly budget trend columns are based on a two year trend.
2026
City of Edmonds, WA
Monthly Expenditure Summary-Finance
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
Finance
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 773,702 110,529 105,170 629,268 -18.67%
August 884,230 110,529 89,895 719,163 -18.67%
September 994,759 110,529 89,895 809,058 -18.67%
October 1,105,288 110,529 89,895 898,954 -18.67%
November 1,215,817 110,529 89,895 988,849 -18.67%
December 1,326,345 110,529 89,895 1,078,744 -18.67%
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 1,491,493 10,357,045 -4.20%
August 12,237,361 1,426,055 1,366,137 11,723,182 -4.20%
September 13,696,747 1,459,386 1,398,067 13,121,249 -4.20%
October 15,272,089 1,575,342 1,509,151 14,630,400 -4.20%
November 16,950,065 1,677,976 1,607,472 16,237,872 -4.20%
December 18,498,299 1,548,234 1,483,181 17,721,053 -4.20%
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 328,455$ 328,455$ 286,018$ 286,018$ -12.92%
February 700,895 372,440 302,699 588,717 -16.00%
March 1,108,893 407,998 323,645 912,362 -17.72%
April 1,507,850 398,957 298,254 1,210,615 -19.71%
May 1,867,695 359,845 348,978 1,559,594 -16.50%
June 2,238,447 370,752 318,862 1,878,455 -16.08%
July 2,567,104 328,657 303,245 2,181,700 -15.01%
August 2,871,627 304,523 258,804 2,440,505 -15.01%
September 3,319,332 447,705 380,490 2,820,995 -15.01%
October 3,633,719 314,387 267,188 3,088,182 -15.01%
November 3,977,441 343,723 292,119 3,380,301 -15.01%
December 4,326,185 348,744 296,386 3,676,688 -15.01%
4,326,185$
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 3,010,169 451,978 504,517 2,737,945 -9.04%
August 3,480,423 470,253 427,726 3,165,671 -9.04%
September 3,912,294 431,871 392,815 3,558,486 -9.04%
October 4,317,827 405,533 368,859 3,927,344 -9.04%
November 4,718,164 400,337 364,133 4,291,477 -9.04%
December 5,167,117 448,953 408,352 4,699,829 -9.04%
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 1,738,024 202,275 248,299 1,349,426 -22.36%
August 1,765,212 27,188 21,109 1,370,535 -22.36%
September 1,985,460 220,248 171,003 1,541,539 -22.36%
October 2,191,154 205,694 159,704 1,701,243 -22.36%
November 2,386,521 195,367 151,686 1,852,928 -22.36%
December 2,606,747 220,226 170,986 2,023,915 -22.36%
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 2,434,055 321,085 267,224 1,885,237 -22.55%
August 2,788,117 354,062 274,230 2,159,467 -22.55%
September 3,139,615 351,499 272,245 2,431,711 -22.55%
October 3,475,863 336,248 260,432 2,692,144 -22.55%
November 3,807,315 331,452 256,718 2,948,862 -22.55%
December 4,154,599 347,284 268,980 3,217,842 -22.55%
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 1,009,922$ 1,009,922$ 1,614,683$ 1,614,683$ 59.88%
February 1,354,738 344,817 478,150 2,092,833 54.48%
March 1,816,338 461,600 392,861 2,485,694 36.85%
April 2,189,931 373,592 555,004 3,040,698 38.85%
May 2,521,764 331,833 343,299 3,383,998 34.19%
June 3,063,461 541,697 634,666 4,018,664 31.18%
July 3,389,072 325,611 420,054 4,438,718 30.97%
August 3,982,802 593,730 777,617 5,216,335 30.97%
September 4,634,338 651,536 853,326 6,069,661 30.97%
October 5,351,231 716,893 938,925 7,008,586 30.97%
November 6,034,712 683,481 895,165 7,903,752 30.97%
December 6,955,912 921,200 1,206,510 9,110,261 30.97%
6,955,912$
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 24,335 418,755 -61.20%
August 1,233,333 154,167 59,822 478,577 -61.20%
September 1,387,499 154,167 59,822 538,399 -61.20%
October 1,541,666 154,167 59,822 598,221 -61.20%
November 1,695,833 154,167 59,822 658,043 -61.20%
December 1,849,999 154,167 59,822 717,865 -61.20%
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 2,359,988 355,015 384,438 2,171,404 -7.99%
August 2,738,388 378,400 348,162 2,519,566 -7.99%
September 3,038,181 299,793 275,837 2,795,403 -7.99%
October 3,439,573 401,392 369,317 3,164,720 -7.99%
November 3,713,484 273,912 252,024 3,416,743 -7.99%
December 4,000,000 286,516 263,620 3,680,364 -7.99%
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 1,872,333 217,160 110,117 1,412,411 -24.56%
August 2,040,789 168,456 127,076 1,539,487 -24.56%
September 2,227,781 186,992 141,059 1,680,546 -24.56%
October 2,409,853 182,073 137,348 1,817,894 -24.56%
November 2,572,514 162,661 122,705 1,940,599 -24.56%
December 2,782,528 210,014 158,426 2,099,025 -24.56%
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 1,757,355 9,923,908 65.96%
August 10,988,128 5,008,534 8,312,309 18,236,216 65.96%
September 12,357,871 1,369,743 2,273,265 20,509,482 65.96%
October 13,273,924 916,053 1,520,308 22,029,790 65.96%
November 14,275,600 1,001,676 1,662,411 23,692,201 65.96%
December 15,030,903 755,303 1,253,523 24,945,723 65.96%
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 1,261,326 916,810 5,577,478 -27.08%
August 12,384,668 4,736,056 3,453,601 9,031,079 -27.08%
September 14,102,790 1,718,122 1,252,879 10,283,958 -27.08%
October 15,254,823 1,152,033 840,079 11,124,037 -27.08%
November 16,171,171 916,348 668,214 11,792,251 -27.08%
December 18,670,058 2,498,887 1,822,224 13,614,476 -27.08%
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 6,197,765 831,039 838,301 6,511,859 5.07%
August 9,587,263 3,389,498 3,561,273 10,073,132 5.07%
September 10,345,345 758,082 796,501 10,869,632 5.07%
October 11,382,661 1,037,316 1,089,885 11,959,518 5.07%
November 12,130,499 747,838 785,737 12,745,255 5.07%
December 12,850,528 720,029 756,519 13,501,774 5.07%
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 5,402,456 724,398 968,407 4,607,964 -14.71%
August 8,357,007 2,954,551 2,520,051 7,128,015 -14.71%
September 9,017,811 660,804 563,625 7,691,640 -14.71%
October 9,922,017 904,205 771,232 8,462,871 -14.71%
November 10,573,890 651,874 556,008 9,018,880 -14.71%
December 11,201,524 627,634 535,333 9,554,213 -14.71%
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 1,572,117 12,011,135 11.80%
August 14,811,596 4,067,957 4,547,880 16,559,016 11.80%
September 16,280,297 1,468,701 1,641,973 18,200,989 11.80%
October 17,524,918 1,244,621 1,391,457 19,592,446 11.80%
November 19,202,434 1,677,516 1,875,424 21,467,869 11.80%
December 20,499,448 1,297,014 1,450,031 22,917,900 11.80%
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 1,243,672 10,484,452 13.13%
August 13,637,317 4,369,922 4,943,809 15,428,262 13.13%
September 15,002,543 1,365,226 1,544,516 16,972,778 13.13%
October 16,220,047 1,217,504 1,377,395 18,350,173 13.13%
November 17,499,493 1,279,446 1,447,471 19,797,645 13.13%
December 20,052,059 2,552,566 2,887,786 22,685,431 13.13%
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