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2021-07-13 City Council - Full FIN Agenda-29141 o Agenda Edmonds City Council FINANCE COMMITTEE VIRTUAL ONLINE MEETING EDMONDS CITY COUNCIL MEETINGS WEB PAGE, HTTP://EDMONDSWA.IQM2.COM/CITIZENS/DEFAULT.ASPX, EDMONDS, WA 98020 JULY 13, 2021, 6:00 PM DUE TO THE CORONAVIRUS, MEETINGS ARE HELD VIRTUALLY USING THE ZOOM MEETING PLATFORM. TO VIEW OR LISTEN TO THE COMMITTEE MEETING IN ITS ENTIRETY, PASTE THE FOLLOWING INTO A WEB BROWSER USING A COMPUTER OR SMART PHONE: HTTPS://ZOOM. US/J/95798484261 OR JOIN BY DIAL -UP PHONE: US: +1 253 215 8782 WEBINAR ID: 957 9848 4261 COUNCIL COMMITTEE MEETINGS ARE WORK SESSIONS FOR THE COUNCIL AND CITY STAFF. COMMITTEE MEETING AGENDAS DO NOT INCLUDE AUDIENCE COMMENTS OR PUBLIC HEARINGS. CALL TO ORDER COMMITTEE BUSINESS 1. May 2021 Monthly Financial Report (10 min) 2. Discussion of City Financing Needs (50 min) ADJOURN Edmonds City Council Agenda July 13, 2021 Page 1 2.1 City Council Agenda Item Meeting Date: 07/13/2021 May 2021 Monthly Financial Report Staff Lead: Dave Turley Department: Administrative Services Preparer: Sarah Mager Background/History N/A Staff Recommendation Review and move to full council on consent Narrative May 2021 Monthly Financial Report Attachments: May 2021 Monthly Financial Report Packet Pg. 2 I 2.1.a I OF EDP � d lac. 1SOV CITY OF EDMONDS MONTHLY BUDGETARY FINANCIAL REPORT MAY 2021 Packet Pg. 3 1 I 2.1.a I Page 1 of 1 C ITY OF EDMO NDS REVENUES BY FUND - SUMMARY Fund 2021 Amended 5/31/2020 5/31/2021 Amount No. Title Budget Revenues Revenues Remaining %Receive 001 GENERAL FUND $ 42,450,777 $ 17,528,670 $ 20,122,774 $ 22,328,003 47 009 LEOFF-MEDICAL INS. RESERVE 300,000 - - 300,000 0 012 CONTINGENCY RESERVE FUND 2,620 - 2,620 0 014 HISTORIC PRESERVATION GIFT FUND 5,010 - - 5,010 0 104 DRUG ENFORCEMENT FUND 165,370 63,280 1,235 164,135 1 Ill STREET FUND 1,722,360 607,473 568,982 1,153,378 33 - 112 COMBINED STREET CONS'T/IMPROVE 3,068,385 1,211,472 879,839 2,188,546 29 Q. 117 MUNICIPAL ARTS ACQUIS. FUND 165,060 13,251 13,726 151,334 8 d 118 MEMORIAL STREET TREE 270 161 336 (66) 124 v 120 HOTEL/MOTEL TAX REVENUE FUND 71,460 28,705 20,025 51,435 28 C 121 EMPLOYEE PARKING PERMIT FUND 25,240 9,772 10,112 15,128 40 u_ 21 122 YOUTH SCHOLARSHIP FUND 1,390 109 230 1,160 17 123 TOURISM PROMOTIONAL FUND/ARTS 24,000 9,500 7,667 16,333 32 c o M 125 REAL ESTATE EXCISE TAX 2 1,282,050 520,523 1,021,895 260,155 80 r 126 REAL ESTATE EXCISE TAX 1 1,285,240 518,993 1,015,701 269,539 79 N N 127 GIFTS CATALOG FUND 103,930 39,987 38,854 65,076 37 130 CEMETERY MAINTENANCE/IMPROVEMT 179,800 44,044 89,889 89,911 50 `' 136 PARKS TRUST FUND 2,200 1,326 2,768 (568) 126 o CL 137 CEMETERY MAINTENANCE TRUST FD 29,220 13,240 27,774 1,446 95 138 SISTER CITY COMMISSION 10,120 82 172 9,948 2 <a .v 140 BUSINESS IMPROVEMENT DISTRICT 79,239 36,801 53,100 26,139 67 141 AFFORDABLE AND SUPPORTIVE HOUSINGFUND 65,000 27,404 32,633 32,367 50 c LL 231 2012 LT GO DEBT SERVICE FUND 759,710 30,296 26,546 733,164 3 z 332 PARKS CAPITAL CONSTRUCTION FUND 1,392,520 546,482 297,266 1,095,254 21 C 411 COMBINED UTILITY OPERATION - 30,260 5,070 (5,070) 0 421 WATER UTILITY FUND 10,299,357 3,836,807 3,977,023 6,322,334 39 r p 1 N 422 STORM UTILITY FUND 6,265,225 2,625,382 3,138,690 3,126,535 50 423 SEWER/WWTP UTILITY FUND 2 31,130,450 5,788,730 10,964,836 20,165,614 35 2 424 BOND RESERVE FUND 1,985,870 6 4 1,985,866 0 w = d 511 EQUIPMENT RENTAL FUND 1,331,100 695,506 662,901 668,199 50 s 512 TECHNOLOGY RENTAL FUND 1,204,880 499,751 511,560 693,320 42 c� Q 617 FIREMEN'S PENSION FUND 67,270 52,602 - 67,270 0 $ 105,475,123 $ 34,780,618 $ 43,491,708 $ 61,983,415 41 1 Difference primarily due to a Grant reimbursement in January 2021. 2 Differences primarily due to WWTP billings to their partners in January 2021. 1 Packet Pg. 4 1 2.1.a Page 1 of 1 C ITY O F EDMO NDS EXPENDITURES BY FUND - SUMMARY Fund 2021 Amended 5/31/2020 5/31/2021 Amount No. Title Budget Expenditures Expenditures Remaining %Spent 001 GENERAL FUND $ 45,978,718 $ 17,123,820 $ 17,443,966 $ 28,534,752 389 009 LEOFF-MEDICAL INS. RESERVE 467,140 122,848 143,272 323,868 319 014 HISTORIC PRESERVATION GIFT FUND 5,900 - - 5,900 09 016 BUILDING MAINTENANCE FUND 210,222 - 210,222 09 017 MARSH RESTORATION & PRESERVATION FUND 20,000 16,149 3,851 819 018 EDMONDS HOMELESSNESS RESPONSE FUND 123,581 - 123,581 09 019 EDMONDS OPIOID RESPONSE FUND 28,445 - - 28,445 09 104 DRUG ENFORCEMENT FUND 45,800 25,966 - 45,800 09 Q. 111 STREET FUND 2,187,430 992,629 944,110 1,243,320 N 439 112 COMBINED STREET CONST/IMPROVE 2,862,297 340,971 718,973 2,143,324 259 •� V 117 MUNICIPAL ARTS ACQUIS. FUND 236,880 11,817 13,098 223,782 69 C 120 HOTEL/MOTEL TAX REVENUE FUND 87,150 18,216 16,876 70,274 199 j,L 121 EMPLOYEE PARKING PERMIT FUND 26,880 - - 26,880 09 s 122 YOUTH SCHOLARSHIP FUND 3,000 525 - 3,000 09 00 123 TOURISM PROMOTIONAL FUND/ARTS 29,900 508 - 29,900 09 125 REAL ESTATE EXCISE TAX 2 1,601,298 495,876 118,066 1,483,232 79 C 126 REAL ESTATE EXCISE TAX 1 2,053,911 705,083 335,001 1,718,910 169 A 127 GIFTS CATALOG FUND 100,900 7,892 10,981 89,919 tu 119 130 CEMETERY MAINTENANCE/IMPROVEMT 200,998 63,136 99,844 101,154 509 136 PARKS TRUST FUND 50,000 - - 50,000 09 O N 137 CEMETERY MAINTENANCE TRUST FUND 25,000 - - 25,000 09 d' 138 SISTER CITY COMMISSION 11,900 11 - 11,900 09 .v 140 BUSINESS IMPROVEMENT DISTRICT 76,340 25,871 20,149 56,191 269 C 231 2012 LT GO DEBT SERVICE FUND 759,700 - - 759,700 09 jL 332 PARKS CAPITAL CONSTRUCTION FUND 5,552,490 538,965 173,967 5,378,523 39 s 421 WATER UTILITYFUND 10,760,050 3,046,461 2,269,017 8,491,033 219 C O 422 STORM UTILITY FUND 7,293,890 3,261,298 1,779,846 5,514,044 249 423 SEWER/WWTP UTILITY FUND 40,492,284 4,620,128 8,783,826 31,708,458 r 229 c 424 BOND RESERVE FUND 1,985,870 - - 1,985,870 09 0, 511 EQUIPMENT RENTAL FUND 1,429,954 368,765 400,759 1,029,195 289 512 TECHNOLOGY RENTAL FUND 1,257,909 462,422 460,963 796,946 379 617 FIREMEN'S PENSION FUND 96,167 36,888 34,879 61,288 369 N E $ 126,062,004 $ 32,270,096 $ 33,783,742 $ 92,278,262 271 v 2 Packet Pg. 5 I 2.1.a I Page 1 of 3 Title TAXES: 1 REAL PERSONAL / PROPERTY TAX 2 EMS PROPERTY TAX 3 VOTED PROPERTY TAX 4 LOCAL RETAIL SALESIUSE TAX 3 5 NATURAL GAS USE TAX 6 1/10 SALES TAX LOCAL CRIM JUST 7 ELECTRIC UTILITY TAX 8 GAS UTILITY TAX 9 SOLID WASTE UTILITY TAX 10 WATERUTILITY TAX 11 SEWERUTILITYTAX 12 STORMWATER UTILITY TAX 13 T.V. CABLE UTILITY TAX 14 TELEPHONE UTILITY TAX 15 PULLTABS TAX 16 AMUSEMENT GAMES 17 LEASEHOLD EXCISE TAX LICENSES AND PERMITS: 18 FIRE PERMITS -SPECIAL USE 19 POLICE - FINGERPRINTING 20 VENDING MACHINE/CONCESSION 21 FRANCHISE AGREEMENT -COMCAST 22 FRANCHISE FEE-EDUCATION/GOVERNMENT 23 FRANCHISE AGREEMENT-VERIZON/FRONTIER 24 OLYMPIC VIEW WATER DISTRICT FRANCHISE 25 GENERAL BUSINESS LICENSE 26 DEV SERV PERMIT SURCHARGE 27 RIGHT OF WAY FRANCHISE FEE 28 BUILDING STRUCTURE PERMITS 29 ANIMAL LICENSES 30 STREET AND CURB PERMIT 31 OTRNON-BUS LIC/PERMITS INTERGOVERNMENTAL: 32 DOCKSIDE DRILLS GRANT REIMBURSE 33 DOJ 15-0404-0-1-754 - BULLET PROOF VEST 34 TARGET ZERO TEAMS GRANT 35 HIGH VISIBILITY ENFORCEMENT 36 CORONAVIRUS RELIEF FUND 2 37 WA STATE TRAFFIC COMM GRANT 38 DOC FAC ROOFING 39 STATE GRANTS- BUDGET ONLY 40 PUD PRIVILEDGE TAX 41 ARCHIVES AND RECORDS MANAGEMENT 42 SCHOOL ZONE 43 CJ - POPULATION 44 TRIAL COURT IMPROVEMENT 45 CRIMINAL JUSTICE -SPECIAL PROGRAMS 46 MARIJUANA EXCISE TAX DISTRIBUTION 47 DUI - CITIES 48 FIRE INS PREMIUM TAX 49 LIQUOR EXCISE TAX 50 LIQUOR BOARD PROFITS 51 FIRST RESPONDERS FLEX FUND 52 DISCOVERY PROGRAMS TECHNOLOGY ACQ. 53 INTERLOCAL GRANTS 54 VERDANT INTERLOCAL GRANTS C ITY O F IDMO NDS REVENUES - GENERAL FUND 2021 Amended 5/31/2020 Budget Revenues 5/31/2021 Amount Revenues Remaining %Received $ 10,936,400 $ 4,978,294 $ 5,675,538 $ 5,260,862 52% 4,137,031 1,943,768 2,236,816 1,900,215 54% 500 12 1 499 0% 8,600,000 3,191,797 3,922,140 4,677,860 46% 7,600 3,395 5,022 2,578 66% 828,500 316,292 370,858 457,642 45% 1,710,000 854,417 872,875 837,125 51% 595,000 395,193 413,190 181,810 69% 364,000 151,670 140,370 223,630 39% 1,153,000 415,329 352,743 800,257 31% 894,600 366,461 380,108 514,492 42% 471,900 210,737 230,815 241,085 49% 722,000 270,429 331,723 390,277 46% 723,000 309,632 218,932 504,068 30% 55,200 33,660 38,156 17,044 69% 350 367 143 207 41% 295,900 83,319 77,762 218,138 26% 31,4949981 13,524,772 15,267,190 16,2279791 48 °/u 250 265 350 (100) 140% 700 80 - 700 0% 50,000 864 13,412 36,588 27% 702,700 343,270 338,231 364,469 48% 41,000 16,932 12,806 28,194 31% 100,600 39,115 32,964 675636 33% 434,000 174,817 82,609 351,392 19% 201,000 97,331 100,542 100,458 50% 585700 27,105 35,610 23,090 61% 30,000 - 14,440 15,560 48% 650,600 345,908 272,543 378,057 42% 22,000 7,380 7,821 14,179 36% 50,000 68,892 29,601 20,399 59% 20,000 6,009 6,757 13,243 34% 2,361,550 1,127,968 947,684 1,413,866 40% - 559 - - 0% 6,000 2,052 6,464 (464) 108% 4,000 - - 4,000 0% 7,100 - 916 6,184 13% - - 3,947 (3,947) 0% - - 3,448 (3,448) 0% - - 379,270 (379,270) 0% 198,000 - - 198,000 0% 210,500 - 210,500 0% - 3,829 - 0% - 825 - - 0% 13,070 6,393 6,757 6,313 52% 16,740 8,076 8,070 8,670 48% 45,600 22,946 24,120 21,480 53% 60,000 16,487 17,895 42,105 30% 4,500 - 42,983 (38,483) 955% - 2,766 3,335 (3,335) 0% 261,500 120,972 146,188 115,312 56% 343,200 84,632 83,909 259,292 24% 2,000 3,057 - 2,000 0% 550 - - 550 0% - - 27,216 (27,216) 0% - - 66,000 (66,000) 0% 1,172,760 272,592 820,517 352,243 70% O 0. N is C R C LL s C O N O N A ca O N 2 U C M C iL z r C O r N O N tv C N s t� ev r w Q 3 2021 Local Retail Sales/Use Taxrevenues are $730,342 higher than 2020 revenues. Please also seepages pages 18 & 19. 3 Packet Pg. 6 2.1.a Page 2 of 3 CITY OF EDMO NDS REVENUES - GENERAL FUND 2021 Amended 5/31/2020 5/31/2021 Amount Title Budget Revenues Revenues Remaining % Received CHARGES FOR GOODS AND SERVICES: 1 RECORD/LEGAL INSTRUMENTS $ 3,000 $ 1,899 $ 2,736 $ 265 910/( 2 ATM SURCHARGE FEES 600 37 43 557 70/( 3 CREDIT CARD FEES 11,000 3,647 2,405 8,595 220/( 4 COURT RECORD SERVICES 150 4 - 150 00/( 5 D/M COURT REC SER 300 40 - 300 00/c 6 DRE REIMBURSEABLE - 235 168 (168) 00/( 7 WARRANT PREPARATION FEE 4,000 2,161 98 3,902 20/c 8 IT TIME PAY FEE 1,000 345 293 707 290/( 9 MUNIC.-DIST. COURT CURR EXPEN 50 13 70 (20) 1400/( 10 SALE MAPS & BOOKS 100 9 - 100 00/( 11 CLERKS TIME FOR SALE OF PARKING PERMITS 25,100 - - 25,100 00/( 12 BID SUPPLIES REIMBURSEMENT 600 - - 600 00/, O 13 PHOTOCOPIES 1,000 346 173 827 170/( N 14 POLICE DISCLOSURE REQUESTS 500 - - 500 00/, 15 ENGINEERING FEES AND CHARGES 200,000 139,449 109,098 90,902 550/( cC 16 ELECTION CANDIDATE FILING FEES 1,400 - - 1,400 00/( V 17 CUSTODIAL SERVICES(SNO-ISLE) 85,000 47,273 34,942 50,058 410/( R 18 PASSP ORT S AND NAT URALIZAT ION FEES 10,000 5,795 - 10,000 00/( 19 POLICE SERVICES SPECIAL EVENTS 30,000 - - 30,000 00/( LL 20 CAMPUS SAFETY-EDM. SCH. DIST. 76,800 36,753 - 76,800 00/( s 21 WOODWAY-LAW PROTECTION 195,000 99,430 102,412 92,588 5301( 22 MISCELLANEOUS POLICE SERVICES - 20 - - 0°/ O 23 FIRE DISTRICT #1 STATION BILLINGS 57,000 34,273 33,108 23,892 58% 24 LEGAL SERVICES 1,050 225 132 918 130/( j 25 ADULT PROBATION SERVICE CHARGE 38,000 15,706 13,786 24,214 36°/ N 26 BOOKING FEES 3,000 1,107 408 2,592 140/( 27 FIRE CONSTRUCTION INSPECTION FEES 10,000 11,154 11,672 (1,672) 1170/( R 28 EMERGENCY SERVICE FEES 3,500 1,443 1,180 2,320 34% 29 EMS TRANSPORT USER FEE 1,007,500 504,820 465,101 542,399 460/( 30 FLEX FUEL PAYMENTS FROM STATIONS 2,500 1,118 1,382 1,118 5501( O 31 ANIMAL CONTROL SHELTER 50 - - 50 0% d 32 ZONING/SUBDIVISION FEE 65,600 38,880 43,648 21,953 670/( W 33 PLAN CHECKING FEES 350,900 128,295 235,979 114,921 67% �p 34 FIRE PLAN CHECK FEES 4,000 10,199 7,125 (3,125) 1780/( .v 35 PLANNING 1 % INSPECTION FEE 500 - - 500 00/( 36 S.E.P.A. REVIEW 3,000 1,480 1,480 1,520 490/( 37 CRITICAL AREA STUDY 14,000 8,112 6,655 7,345 480/( LL 38 GYM AND WEIGHT ROOM FEES 15,500 3,083 - 15,500 0% s 39 PROGRAMFEES4 900,662 53,799 197,480 703,183 220/( 40 TAXABLE RECREATION ACTIVITIES 1,300 - - 1,300 0°/ O z 41 WINTER MARKET REGISTRATION FEES 5,000 - 880 4,120 180/( 42 BIRD FEST REGISTRATION FEES 800 - - 800 0% N 43 INTERFUND REIMBURSEMENT -CONTRACT SVCS 2,892,106 1,133,557 1,411,560 1,480,546 490/( N 6,021,568 2,284,705 2,684,014 3,337,554 457% >, ca w C N t c� O r r Q 4 2021 Parks & Recreation Program Revenues are $143,681 higher than 2020 revenues. 4 Packet Pg. 7 1 2.1.a Page 3 of 3 CITY OF EDMO NDS REVENUES - GENERAL FUND 2021 Amended 5/31/2020 5/31/2021 Amount Title Budget Revenues Revenues Remaining % Received FINES AND PENALTIES: 1 PROOF OF VEHICLE INS PENALTY 2 TRAFFIC INFRACTION PENALTIES 3 NC TRAFFIC INFRACTION 4 CRT COST FEE CODE LEG ASSESSMENT (LGA) 5 NON -TRAFFIC INFRACTION PENALTIES 6 OTHERINFRACTIONS'04 7 PARKING INFRACTION PENALTIES 8 PARK/INDDISZONE 9 DWI PENALTIES 10 DUI - DP ACCT 11 CRIM CNV FEE DUI 12 DUI - DP FEE 13 CRIMINAL TRAFFIC MISDEMEANOR 8/03 14 CRIMINAL CONVICTION FEE CT 15 CRIM CONV FEE CT 16 OTHER NON-T RAF MISDEMEANOR PEN 17 OTHER NON TRAFFIC MISD. 8/03 18 COURT DV PENALTY ASSESSMENT 19 CRIMINAL CONVICTION FEE CN 20 CRIM CONV FEE CN 21 PUBLIC DEFENSE RECOUPMENT 22 BANK CHARGE FOR CONV. DEFENDANT 23 COURT COST RECOUPMENT 24 BUS. LICENSE PERMIT PENALTY 25 MISC FINES AND PENALTIES MISCELLANEOUS: 26 INVESTMENT INTEREST 27 INTEREST ON COUNTY TAXES 28 INTEREST - COURT COLLECTIONS 29 SPACE/FACILITIES RENTALS 30 BRACKET ROOM RENTAL 31 LEASESLONG-TERM 32 DONATION/CONTRIBUTION 33 PARKSDONATIONS 34 BIRD FEST CONTRIBUTIONS 35 POLICE CONTRIBUTIONS FROM PRIV SOURCES 36 SALE OF JUNK/SALVAGE 37 SALES OF UNCLAIM PROPERTY 38 CONFISCATED AND FORFEITED PROPERTY 39 OTHER JUDGEMENT/SETTLEMENT 40 POLICE JUDGMENT SIRESTITUTION 41 CASHIERS OVERAGES/SHORTAGES 42 OTHER MISC REVENUES 43 SMALL OVERPAYMENT 44 NSF FEES - PARKS & REC 45 NSF FEES -POLICE 46 NSF FEES - MUNICIPAL COURT 47 US BANK REBATE TRANSFERS -IN: 48 OPERATINGTRANSFER-IN 49 INTERFUND TRANSFER FROM FUND 018 50 TRANSFER FROM FUND 127 $ 2,000 $ 462 $ 1,231 $ 769 620/c 230,000 48,240 85,310 144,690 370/( 18,000 5,805 4,142 13,858 230/( 10,000 4,059 6,649 3,351 660/c 1,000 200 203 797 200/( 1,500 307 840 660 560/( 100,000 33,708 25,877 74,123 260/( 2,000 405 250 1,750 130/( 7,000 3,604 3,402 3,598 490/( 300 96 16 284 501( 100 3 59 41 590/( 1,500 1,002 749 751 5001( 25,000 8,693 6,030 18,970 240/( 2,000 945 693 1,307 350/( 700 158 51 649 70/( 100 37 12 88 120/( 10,000 4,259 574 9,426 60/( 800 235 115 685 140/( 1,000 329 70 930 7°/ 200 24 46 154 230/( 8,000 2,878 1,883 6,117 240/( 14,000 3,810 3,890 10,110 280/( 3,000 851 946 2,054 320/( 10,100 - - 10,100 00/( 150 - 187 (37) 125°/ 448,450 120,110 143,223 305,227 32°/ 155,090 87,159 139,409 15,681 900/( 9,980 7,955 3,600 6,380 360/( 3,400 3,304 2,792 608 820/( 153,000 20,230 17,079 135,921 110/( 2,100 380 - 2,100 0°/ 205,000 67,840 80,527 124,473 390/( 2,500 160 - 2,500 00/( 3,500 920 - 3,500 00/( 2,000 385 350 1,650 180/( 5,000 100 3,503 1,497 700/c 300 - - 300 00/( 3,000 - 3,340 (340) 1110/( 2,000 - - 2,000 00/( 2,000 - 102 1,898 501( 200 180 40 160 200/( - 16 19 (19) 00/( 5,000 5,936 4,322 678 860/( 100 15 38 62 38°/ 100 - 30 70 300/( - - 30 (30) 00/c 150 107 - 150 00/( 8,500 3,837 4,966 3,534 580/( 562,920 198,523 260,146 302,774 460/, 238,667 - - 238,667 00/( 123,581 - - 123,581 00/( 26,300 - - 26,300 00/c 388,548 - - 388,548 00% TOTAL GENERAL FUND REVENUE $ 42,450,777 $ 17,528,670 $ 20,122,774 $ 22,328,003 470% O N C R C LL z C O N 0 N A w O Q N R C C M 21 s c O N 0 N cc C d s t� r w Q 5 Packet Pg. 8 I 2.1.a I Page 1 of 6 CITY OF EDMONDS EXPENDITURES BY FUND - DETAIL 2021 Amended 5/31/2020 5/31/2021 Amount Title Budget Expenditures Expenditures Remaining %Spent GENERAL FUND EXPENDITURES (1) 1 SALARIES AND WAGES $ 17,545,152 $ 6,669,417 $ 7,049,798 $ 10,495,354 40 2 OVERTIME 491,580 209,155 237,408 254,172 48 3 HOLIDAY BUY BACK 281,329 1,450 1,951 279,378 1 4 BENEFITS 6,780,322 2,609,134 2,662,252 4,118,070 39 5 UNIFORMS 89,151 41,147 30,246 58,905 34 6 SUPPLIES 401,115 191,094 172,484 228,631 43 7 FUEL CONSUMED - - 17 (17) 0 8 SMALL EQUIPMENT 108,603 50,005 70,647 37,956 65 9 PROFESSIONAL SERVICES 15,037,824 5,356,929 5,389,065 9,648,759 36 10 COMMUNICATIONS 160,995 53,666 55,740 105,255 35 11 TRAVEL 68,760 4,997 6,081 62,679 9 12 EXCISE TAXES 6,500 3,885 9,187 (2,687) 141 13 RENTAL/LEASE 1,574,465 750,038 632,371 942,094 40 14 INSURANCE 403,973 393,746 405,121 (1,148) 100 15 UTILITIES 536,762 205,254 211,763 324,999 39 16 REPAIRS & MAINTENANCE 917,742 308,674 239,473 678,269 26 17 MISCELLANEOUS 507,715 191,177 220,361 287,354 43 18 INTERGOVERNMENTAL PAYMENTS 50,000 75,000 50,000 - 100 19 INTERFUND SUBSIDIES 932,880 - - 932,880 0 20 MACHINERY/EQUIPMENT 23,120 9,053 23,120 0 21 GENERAL OBLIGATION BOND PRINCIPAL 54,530 - 54,530 0 22 OTHER INTEREST & DEBT SERVICE COSTS 500 - 500 0 23 INTEREST ON LONG-TERM EXTERNAL DEBT 5,700 - 5,700 0 45,978,718 17,123,820 17,443,966 28,534,752 38 LEOFF-MEDICAL INS. RESERVE(009) 24 BENEFITS $ 206,650 $ 71,400 $ 89,347 $ 117,303 43 25 PENSION AND DISABILITY PAYMENTS 252,990 45,655 53,925 199,065 21 26 PROFESSIONAL SERVICES 7,000 5,793 - 7,000 0 27 MISCELLANEOUS 500 - - 500 0 467,140 122,848 143,272 S 323,868 31 HISTORIC PRESSERVATION GIFT FUND (014) 28 SUPPLIES $ 100 $ - $ - S 100 0 29 PROFESSIONAL SERVICES 200 200 0 30 MISCELLANEOUS 5,600 5,600 0 MARSH RESTORATION & PRESERVATION FUND (017) 31 PROFESSIONAL SERVICES $ 20,000 $ - $ 16,149 $ 3,851 81 20,000 - 16,149 3,851 81 BUILDING MAINTENANCEFUND (016) 32 INTERFUND SUBSIDIES $ 210,222 $ - $ - $ 210,222 0 210,222 - 210,222 0 EDMONDS HOMELESSNESS RESPONSEFUND (018) 33 PROFESSIONAL SERVICES $ 123,581 $ - $ $ 123,581 0 123,581 - 123,581 0 EDMONDS OPIOID RESPONSEFUND (019) 34 INTERFUND SUBSIDIES $ 28,445 $ - $ $ 28,445 0 28,445 - 28,445 0 DRUG ENFORCEMENTFUND (104) 35 PROFESSIONAL SERVICES $ 45,000 $ - $ $ 45,000 0 36 REPAIR/MAINT 800 - 800 0 37 MISCELLANEOUS - 25,966 - 0 45,800 25,966 45,800 0 Q 6 Packet Pg. 9 I 2.1.a I Page 2 of 6 CITY OF EDMO NDS EXPENDITURES BY FUND - DETAIL 2021 Amended 5/31/2020 5/31/2021 Amount Title Budget Expenditures Expenditures Remaining %Spent STREETFUND (111) 1 SALARIES AND WAGES $ 728,690 $ 279,824 $ 309,006 $ 419,685 42 2 OVERTIME 18,400 19,447 17,419 981 95 3 BENEFITS 381,336 134,798 152,118 229,218 40 4 UNIFORMS 6,000 3,292 5,432 568 91 5 SUPPLIES 263,000 90,874 82,801 180,199 31 6 SMALL EQUIPMENT 20,000 684 770 19,230 4 7 PROFESSIONAL SERVICES 23,210 936 4,378 18,832 19 8 COMMUNICATIONS 4,500 3,092 2,391 2,109 53 9 TRAVEL 1,000 - - 1,000 0 10 RENTAL/LEASE 247,270 95,328 102,337 144,933 41 11 INSURANCE 148,436 156,937 148,533 (97) 100 12 UTILITIES 280,918 110,327 99,443 181,475 35 13 REPAIRS & MAINTENANCE 52,000 20,228 9,065 42,935 17 14 MISCELLANEOUS 8,000 1,203 10,417 (2,417) 130 15 MACHINERY/EQUIPMENT - 75,658 - - 0 16 GENERAL OBLIGATION BOND PRINCIPAL 4,220 - 4,220 0 17 INTEREST 450 - 450 0 $ 2,187,430 $ 992,629 $ 944,110 $ 1,243,320 43 COMBINED STREETCONST/IMPROVE(112) 18 PROFESSIONAL SERVICES $ 1,581,847 $ 86,250 $ 435,017 $ 1,146,830 28 19 REPAIR & MAINTENANCE 103,670 - - 103,670 0 20 MISCELLANEOUS - 8 - 0 21 INTERFUND SUBSIDIES 114,950 - - 114,950 0 22 LAND 33,000 - (842) 33,842 -3 23 CONSTRUCTION PROJECTS 955,000 180,559 211,005 743,995 22 24 INTERGOVERNMENTAL LOANS 72,220 72,201 72,201 19 100 25 INTEREST 1,610 1,952 1,591 19 99 $ 2,862,297 $ 340,971 $ 718,973 $ 2,143,324 25 MUNICIPAL ARTS ACQUIS. FUND (117) 26 SUPPLIES $ 4,700 $ 102 $ 265 $ 4,435 6 27 SMALL EQUIPMENT 1,700 (199) - 1,700 0 28 PROFESSIONAL SERVICES 221,500 10,995 11,922 209,578 5 29 TRAVEL 80 - - 80 0 30 RENTAL/LEASE 2,000 - 2,000 0 31 REPAIRS & MAINTENANCE 300 - - 300 0 32 MISCELLANEOUS 6,600 919 912 5,688 14 $ 236,880 $ 11,817 $ 13,098 $ 223,782 6 HO TEL/MO TEL TAX REVENUE FUND (120) 33 PROFESSIONAL SERVICES $ 83,150 $ 17,716 $ 16,876 $ 66,274 20 34 MISCELLANEOUS - 500 - - 0 35 INTERFUND SUBSIDIES 4,000 - - 4,000 0 $ 87,150 $ 18,216 $ 16,876 $ 70,274 19 EMPLOYEEPARE(ING PERMIT FUND (121) 36 SUPPLIES $ 1,790 $ - $ $ 1,790 0 37 PROFESSIONAL SERVICES 25,090 25,090 0 $ 26,880 $ - $ $ 26,880 0 YOUTH SCHOLARSHIP FUND (122) 38 MISCELLANEOUS $ 3,000 $ 525 $ $ 3,000 0 $ 3,000 $ 525 $ $ 3,000 0 TO URISM PRO MO TIO NAL FUND/ARTS (123) 39 PROFESSIONAL SERVICES $ 29,900 $ 508 $ $ 29,900 0 $ 29,900 $ 508 $ $ 29,900 0 r Q 7 Packet Pg. 10 I 2.1.a I Page 3 of 6 C ITY OF EDMO NDS EXPENDITURES BY FUND - DETAIL 2021 Amended 5/31/2020 5/31/2021 Amount Title Budget Expenditures Expenditures Remaining %Spent REAL ESTATE EXCISE TAX (125) 1 SUPPLIES $ 121,000 $ 13,815 $ 26,431 $ 94,569 22 2 PROFESSIONAL SERVICES 195,626 122,214 38,094 157,532 19 3 REPAIRS & MAINTENANCE 105,000 32,549 12,046 92,954 11 4 INTERFUND SUBSIDIES 190 - - 190 0 5 CONSTRUCTION PROJECTS 1,179,482 327,299 41,495 1,137,987 4 $ 1,601,298 $ 495,876 $ 118,066 $ 1,483,232 7 REAL ESTATE EXC ISE TAX 1 (126) 6 PROFESSIONAL SERVICES 7 REPAIRS & MAINTENANCE 8 INTERFUND SUBSIDIES 9 CONSTRUCTION PROJECTS 10 GENERAL OBLIGATION BONDS 11 INTEREST GIFTS CATALOG FUND (127) 12 SUPPLIES 13 PROFESSIONAL SERVICES 14 MISCELLANEOUS 15 INTERFUND SUBSIDIES C EVIEIERY MAINTENANC UIMPRO VEMEVT (130) 16 SALARIES AND WAGES 17 OVERTIME 18 BENEFIT S 19 UNIFORMS 20 SUPPLIES 21 SUPPLIES PURCHASED FOR INVENTORY/RESALE 22 PROFESSIONAL SERVICES 23 COMMUNICATIONS 24 TRAVEL 25 RENTAL/LEASE 26 UTILITIES 27 REPAIRS & MAINTENANCE 28 MISCELLANEOUS PARKS TRUST FUND (136) 29 PROFESSIONAL SERVICES CEMETERY MAINTENANCE TRUST FUND (137) 30 SMALL EQUIPMENT SISTER CITY COMMISSION (138) 31 SUPPLIES 32 TRAVEL 33 MISCELLANEOUS BUSINESS IMPROVEMEVTDISTRICTFUND (140) 34 SUPPLIES 35 PROFESSIONAL SERVICES 36 MISCELLANEOUS 2012 LTGO DEBT SERVIC FUND (231) 37 GENERAL OBLIGATION BOND 38 INTEREST $ 573,234 $ 443,817 $ 140,621 $ 432,613 25 97,050 21,643 14,138 82,912 15 138,910 - - 138,910 0 983,137 239,623 180,242 802,895 18 144,530 - - 144,530 0 117,050 - - 117,050 0 $ 2,053,911 $ 705,083 $ 335,001 $ 1,718,910 16 $ 67,500 $ 7,724 $ 10,981 $ 56,519 16 6,500 - - 6,500 0 600 168 600 0 26,300 - - 26,300 0 $ 100,900 $ 7,892 $ 10,981 $ 89,919 11 $ 95,824 $ 34,017 $ 37,641 $ 58,183 39 3,500 176 249 3,251 7 40,472 15,218 16,276 24,196 40 1,000 - - 1,000 0 7,000 320 289 6,711 4 20,000 5,269 13,501 6,499 68 4,200 - 800 3,400 19 1,700 700 701 999 41 500 - - 500 0 16,650 3,429 6,938 9,713 42 5,652 1,682 1,671 3,981 30 500 - 19,211 (18,711) 3842 4,000 2,325 2,567 1,433 64 $ 200,998 $ 63,136 $ 99,844 $ 101,154 50 $ 50,000 $ - $ $ 50,000 0 $ 50,000 $ - $ $ 50,000 0 $ 25,000 $ - $ $ 25,000 0 $ 25,000 $ - $ $ 25,000 0 $ 1,500 $ 11 $ $ 1,500 0 4,500 - 4,500 0 5,900 - 5,900 0 $ 11,900 $ 11 $ $ 11,900 0 $ 2,050 $ 9,439 $ 273 $ 1,777 13 70,035 16,376 18,903 51,132 27 4,255 56 974 3,281 23 76,340 25,871 20,149 56,191 26 $ 677,990 $ - $ $ 677,990 0 81,710 - 81,710 0 $ 759,700 $ - $ $ 759,700 0 t O N !Y 2 C R C LL z C O N 0 N A R t O O. d C O C IL 21 z C O r N 0 N O C N 1= t c� O r r Q 8 Packet Pg. 11 I 2.1.a I Page 4 of 6 CITY OF EDMO NDS EXPENDITURES BY FUND - DETAIL 2021 Amended 5/31/2020 5/31/2021 Amount Title Budget Expenditures Expenditures Remaining %Spent PARKS CONSTRUCTION FUND (332) 1 PROFESSIONAL SERVICES $ 113,453 $ 161,831 $ 88,129 $ 25,324 78 2 INTERFUND SUBSIDIES 44,000 - - 44,000 0 3 CONSTRUCTION PROJECTS 5,395,037 377,134 85,838 5,309,199 2 $ 5,552,490 $ 538,965 $ 173,967 $ 5,378,523 3 WATER FUND (421) 4 SALARIES AND WAGES 5 OVERTIME 6 BENEFIT S 7 UNIFORMS 8 SUPPLIES 9 WATER PURCHASED FOR RESALE 10 SUPPLIES PURCHASED FOR INVENTORY/RESALE 11 SMALL EQUIPMENT 12 PROFESSIONAL SERVICES 13 COMMUNICATIONS 14 TRAVEL 15 EXCISE TAXES 16 RENTAL/LEASE 17 INSURANCE 18 UTILITIES 19 REPAIRS & MAINTENANCE 20 MISCELLANEOUS 21 INTERFUND SUBSIDIES 22 CONSTRUCTION PROJECTS 23 GENERAL OBLIGATION BONDS 24 REVENUE BONDS 25 INTERGOVERNMENTAL LOANS 26 INTEREST STORM FUND (422) 27 SALARIES AND WAGES 28 OVERTIME 29 BENEFIT S 30 UNIFORMS 31 SUPPLIES 32 SMALL EQUIPMENT 33 PROFESSIONAL SERVICES 34 COMMUNICATIONS 35 TRAVEL 36 EXCISE TAXES 37 RENTAL/LEASE 38 INSURANCE 39 UTILITES 40 REPAIR & MAINTENANCE 41 MISCELLANEOUS 42 INTERFUND SUBSIDIES 43 CONSTRUCTION PROJECTS 44 GENERAL OBLIGATION BONDS 45 REVENUE BONDS 46 INTERGOVERNMENTAL LOANS 47 INTEREST $ 793,475 $ 336,545 $ 279,505 $ 513,970 35 24,000 7,487 7,476 16,524 31 328,865 134,920 119,453 209,412 36 4,000 2,247 2,691 1,309 67 150,000 36,095 35,444 114,556 24 2,170,000 377,873 404,550 1,765,450 19 170,000 67,693 83,879 86,121 49 11,000 4,940 3,917 7,083 36 1,558,701 467,438 502,107 1,056,594 32 30,000 11,337 11,346 18,654 38 200 - - 200 0 1,649,700 585,432 533,294 1,116,406 32 124,630 54,472 51,147 73,483 41 97,844 52,541 98,196 (352) 100 35,775 12,752 12,746 23,029 36 258,130 19,039 11,030 247,100 4 123,600 64,882 78,367 45,233 63 644,130 - - 644,130 0 1,976,050 784,284 7,513 1,968,537 0 2,840 - - 2,840 0 385,100 - - 385,100 0 25,840 25,839 25,839 1 100 196,170 646 517 195,653 0 $ 10,760,050 $ 3,046,461 $ 2,269,017 $ 8,491,033 21 $ 723,700 $ 256,469 $ 293,430 $ 430,270 41 6,000 7,868 13,629 (7,629) 227 318,735 120,378 129,324 189,411 41 6,500 4,462 4,555 1,945 70 46,000 14,366 20,636 25,364 45 4,000 684 304 3,696 8 2,728,016 608,127 646,874 2,081,142 24 3,200 2,269 2,078 1,122 65 4,300 - 150 4,150 3 470,100 243,529 267,737 202,363 57 267,778 114,455 110,071 157,707 41 66,216 116,576 66,228 (12) 100 11,025 5,589 6,541 4,484 59 64,130 13,181 19,187 44,943 30 255,300 67,043 113,101 142,199 44 281,810 - - 281,810 0 1,581,000 1,653,438 25,974 1,555,026 2 103,340 - - 103,340 0 188,240 - - 188,240 0 53,590 32,063 53,576 14 100 110,910 802 6,450 104,460 6 $ 7,293,890 $ 3,261,298 $ 1,779,846 $ 5,514,044 24 Q 9 Packet Pg. 12 I 2.1.a I Page 5 of 6 CITY OF EBMO NDS EXPENDITURES BY FUND - DETAIL 2021 Amended 5/31/2020 5/31/2021 Amount Title Budget Expenditures Expenditures Remaining %Spent SEWER FUND (423) 1 SALARIES AND WAGES $ 2,027,508 $ 821,945 $ 738,775 $ 1,288,733 36 2 OVERTIME 95,000 44,715 55,459 39,541 58 3 BENEFITS 871,564 353,362 326,266 545,298 37 4 UNIFORMS 8,500 6,541 7,806 694 92 5 SUPPLIES 404,000 132,247 181,030 222,970 45 6 FUEL CONSUMED 30,000 8,627 34,804 (4,804) 116 7 SUPPLIES PURCHASED FOR INV OR RESALE 4,000 - - 4,000 0 8 SMALL EQUIPMENT 35,000 16,385 72,416 (37,416) 207 9 PROFESSIONAL SERVICES 2,141,848 1,152,364 1,475,846 666,002 69 10 COMMUNICATIONS 43,000 15,292 16,111 26,889 37 11 TRAVEL 5,000 - 1,793 3,207 36 12 EXCISE TAXES 968,000 442,873 459,635 508,365 47 13 RENTAL/LEASE 329,898 139,960 162,475 167,423 49 14 INSURANCE 160,967 174,140 162,851 (1,884) 101 15 UTILITIES 1,979,985 382,631 537,547 1,442,438 27 16 REPAIR&MAINTENANCE 520,630 88,837 78,744 441,886 15 17 MISCELLANEOUS 129,350 40,433 61,364 67,986 47 18 INTERFUND SUBSIDIES 10,180,936 76,610 1,627,061 8,553,875 16 19 MACHINERY/EQUIPMENT - 110,760 - - 0 20 CONSTRUCTION PROJECTS 19,756,808 445,263 2,615,898 17,140,910 13 21 GENERAL OBLIGATION BONDS 157,060 - - 157,060 0 22 REVENUE BONDS 86,670 - - 86,670 0 23 INTERGOVERNMENTAL LOANS 173,900 158,325 158,667 15,233 91 24 INTEREST 382,660 6,419 5,506 377,154 1 25 DEBT ISSUE COSTS - - 1,518 (1,518) 0 26 OTHER INTEREST & DEBT SERVICE COSTS - 2,399 2,252 (2,252) 0 $ 40,492,284 $ 4,620,128 $ 8,783,826 $ 31,708,458 22 BOND RESERVEFUND (424) 27 REVENUE BONDS $ 785,020 $ - $ $ 785,020 0 28 INTEREST 1,200,850 - 1,200,850 0 $ 1,985,870 $ - $ $ 1,985,870 0 r Q 10 Packet Pg. 13 I 2.1.a I Page 6 of 6 CITY OF EDMO NDS EXPENDITURES BY FUND - DETAIL 2021 Amended 5/31/2020 5/31/2021 Amount Title Budget Expenditures Expenditures Remaining %Spent EQUIPMENTRENTAL FUND (511) 1 SALARIES AND WAGES $ 272,384 $ 114,443 $ 114,037 $ 158,347 42 2 OVERTIME 2,000 606 1,573 427 79 3 BENEFITS 116,481 47,618 48,111 68,370 41 4 UNIFORMS 1,000 736 969 31 97 5 SUPPLIES 120,000 33,203 22,912 97,088 19 6 FUEL CONSUMED 1,000 - - 1,000 0 7 SUPPLIES PURCHASED FOR INVENTORY/RESALE 258,000 53,114 64,789 193,211 25 8 SMALL EQUIPMENT 58,000 955 5,979 52,021 10 9 PROFESSIONAL SERVICES 46,750 1,401 530 46,220 1 10 COMMUNICATIONS 3,000 913 877 2,123 29 11 TRAVEL 1,000 - - 1,000 0 12 RENTAL/LEASE 12,790 5,088 5,164 7,626 40 13 INSURANCE 40,910 40,270 39,334 1,576 96 14 UTILITIES 14,500 7,601 8,234 6,266 57 15 REPAIRS&MAINTENANCE 60,000 22,558 8,525 51,475 14 16 MISCELLANEOUS 12,000 3,048 6,953 5,047 58 17 MACHINERY/EQUIPMENT 410,139 37,211 72,772 337,367 18 $ 1,429,954 $ 368,765 $ 400,759 $ 1,029,195 28 TECHNOLOGY RENTAL FUND (512) 18 SALARIES AND WAGES $ 379,162 $ 114,067 $ 129,943 $ 249,219 34 19 OVERTIME 2,000 - 1,314 686 66 20 BENEFITS 127,657 39,062 43,581 84,076 34 21 SUPPLIES 5,000 1,146 2,571 2,429 51 22 SMALL EQUIPMENT 141,300 20,357 10,575 130,725 7 23 PROFESSIONAL SERVICES 171,460 43,494 17,652 153,808 10 24 COMMUNICATIONS 58,770 19,810 21,633 37,137 37 25 TRAVEL 1,500 207 - 1,500 0 26 RENTAL/LEASE 7,400 1,871 1,833 5,567 25 27 REPAIRS&MAINTENANCE 302,660 212,144 230,799 71,861 76 28 MISCELLANEOUS 5,000 10,264 1,061 3,939 21 29 MACHINERY/EQUIPMENT 56,000 - - 56,000 0 $ 1,257,909 $ 462,422 $ 460,963 $ 796,946 37 FIR]IVIEN'S PENSION FUND (617) 31 BENEFITS $ 24,560 $ 9,868 $ 12,911 $ 11,649 53 32 PENSION AND DISABILITY PAYMENTS 70,407 26,012 21,968 48,439 31 33 PROFESSIONAL SERVICES 1,200 1,007 - 1,200 0 $ 96,167 $ 36,888 $ 34,879 $ 61,288 36 TOTAL EXPENDITURE ALL FUNDS $ 126,062,004 $ 32,270,096 $ 33,783,742 $ 92,278,262 27 r Q 11 Packet Pg. 14 Page 1 of 1 CITY OF EDMO NDS EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN SUMMARY 2021 Amended 5/31/2020 5/31/2021 Amount Title Budget Expenditures Expenditures Remaining CITY COUNCIL OFFICE OF MAYOR HUMAN RESOURCES MUNICIPAL COURT CITY CLERK FINANCE CITY ATTORNEY NON -DEPART MENTAL POLICE SERVICES COMMUNITY SERVICES/ECONOMIC DEV DEVELOPMENT SERVICES HUMAN SERVICES PROGRAM PARKS& RECREATION PUBLIC WORKS ADMINIST RATION FACILITIES MAINTENANCE Title %Spent $ 432,478 $ 133,074 $ 137,169 $ 295,309 32% 345,501 142,030 138,910 206,591 40% 837,176 283,462 319,298 517,878 38% 1,166,183 422,932 445,221 720,962 38% 757,055 321,093 328,247 428,808 43% 1,118,378 562,662 490,038 628,340 44% t' O 936,480 359,660 352,348 584,133 38% y 12,881,593 5,129,301 5,278,401 7,603,192 41% 12,217,071 4,601,807 4,751,092 7,465,979 39% R 624,198 210,066 198,730 425,468 32% S 3,585,738 1,151,071 1,185,423 2,400,315 33% 2% s 599,402 - 23,568 575,834 4% o 4,729,281 1,472,976 1,604,251 3,125,030 34% 3,305,285 1,331,050 1,334,684 1,970,601 40% p N 2,442,899 1,002,638 856,587 1,586,312 35% tu $ 45,978,718 $ 17,123,820 $ 17,443,966 $ 28,534,752 38% 1_ O Q N R U C ITY OF EDMO NDS c EXPENDITURES - UTILITY- BY FUND IN SUMMARY jL 2021 Amended 5/31/2020 5/31/2021 Amount z Budget Expenditures Expenditures Remaining %Spent C WATER UTILITY FUND $ 10,760,050 $ 3,046,461 $ 2,269,017 $ 8,491,033 n 21% r STORM UTILITY FUND 7,293,890 3,261,298 1,779,846 5,514,044 24% N N SEWER/WWTP UTILITY FUND 40,492,284 4,620,128 8,783,826 31,708,458 22% BOND RESERVE FUND 1,985,870 - - 1,985,870 n 0% ;.; $ 60,532,094 $ 10,927,887 $ 12,832,689 $ 47,699,405 21% N E t t� O r r Q 12 Packet Pg. 15 Page 1 of 4 C ITY OF EDMO NDS EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DETAIL Title 2021 Amended Budget 5/31/2020 Expenditures 5/31/2021 Expenditures Amount Remaining %Spent CITY COUNCIL SALARIES $ 199,052 $ 78,238 $ 83,172 $ 115,880 42% OVERTIME 1,000 - - 1,000 0% BENEFITS 118,713 40,694 43,547 75,166 37% SUPPLIES 2,000 1,484 498 1,502 25% SMALL EQUIPMENT - - 1,159 (1,159) 0% PROFESSIONAL SERVICES 62,160 3,377 - 62,160 0% COMMUNICATIONS 3,000 2,865 3,217 (217) 107% TRAVEL 6,700 587 - 6,700 0% RENTAL/LEASE 12,368 5,138 5,141 7,227 42% REPAIRS✓MAINTENANCE 500 645 - 500 0% MISCELLANEOUS 26,985 48 435 26,550 2% $ 432,478 $ 133,074 $ 137,169 $ 295,309 32% OFFICEOFMAYOR SALARIES $ 229,512 $ 93,449 $ 95,623 $ 133,889 42% BENEFITS 85,243 36,253 35,211 50,032 41% SUPPLIES 1,500 460 246 1,254 16% SMALL EQUIPMENT - 4,199 - - 0% PROFESSIONAL SERVICES 3,000 420 194 2,806 6% COMMUNICATION 1,400 399 543 857 39% TRAVEL 3,000 153 - 3,000 0% RENTAL/LEASE 17,396 6,584 6,850 10,546 39% MISCELLANEOUS 4,450 113 243 4,207 5% $ 345,501 $ 142,030 $ 138,910 $ 206,591 40% HUMAN RESOURCES SALARIES $ 387,048 $ 153,011 $ 177,442 $ 209,606 46% OVERTIME - 213 911 (911) 0% BENEFITS 154,430 59,926 66,721 87,709 43% SUPPLIES 13,300 2,832 697 12,603 5% SMALL EQUIPMENT 300 893 198 102 66% PROFESSIONAL SERVICES 205,000 25,406 32,828 172,172 16% COMMUNICATIONS 1,550 507 553 997 36% TRAVEL 1,500 500 - 1,500 0% RENTAL/LEASE 36,102 12,855 14,232 21,870 39% REPAIR/MAINTENANCE 8,380 7,832 8,067 313 96% MISCELLANEOUS 29,566 19,487 17,648 11,918 60% $ 837,176 $ 283,462 $ 319,298 $ 517,878 38% MUNIC IPAL C O URT SALARIES $ 651,167 $ 263,057 $ 266,766 $ 384,401 41% OVERTIME 800 70 16,304 (15,504) 2038% BENEFITS 243,859 98,102 94,471 149,388 39% SUPPLIES 10,600 1,875 3,065 7,535 29% SMALL EQUIPMENT 1,000 - - 1,000 0% PROFESSIONAL SERVICES 124,925 21,402 24,530 100,395 20% COMMUNICATIONS 3,550 817 1,395 2,155 39% TRAVEL 6,500 37 - 6,500 0% RENTAL/LEASE 70,682 28,828 28,948 41,734 41% REPAIR/MAINTENANCE 4,880 645 - 4,880 0% MISCELLANEOUS 25,100 8,098 9,742 15,358 39% MACHINERY/EQUIPMENT 23,120 23,120 0% $ 1,166,183 $ 422,932 $ 445,221 $ 720,962 38% 13 Packet Pg. 16 1 I 2.1.a I Page 2 of 4 C ITY O F EDMO NDS EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DETAIL 2021 Amended 5/31/2020 5/31/2021 Amount Title Budget Expenditures Expenditures Remaining %Spent CITY CLERK SALARIES AND WAGES $ 397,226 $ 170,571 $ 166,661 $ 230,565 42% BENEFITS 169,669 68,747 67,480 102,189 40% SUPPLIES 7,000 2,412 530 6,470 8% SMALL EQUIPMENT - 1,003 - - 0% PROFESSIONAL SERVICES 34,200 10,449 17,170 17,030 50% COMMUNICATIONS 33,000 4,040 9,192 23,808 28% TRAVEL 1,980 6 - 1,980 0% RENTAL/LEASE 55,980 22,742 20,291 35,689 36% REPAIRS&MAINTENANCE 48,000 38,661 43,889 4,111 91% MISCELLANEOUS 10,000 2,461 3,035 6,965 30% $ 757,055 $ 321,093 $ 328,247 $ 428,808 43% FINANCE SALARIES $ 743,908 $ 370,628 $ 309,094 $ 434,814 42% OVERTIME 4,500 - - 4,500 0% BENEFITS 240,564 120,001 101,366 139,198 42% SUPPLIES 7,350 1,267 1,481 5,869 20% SMALL EQUIPMENT 2,650 - 557 2,093 21% PROFESSIONAL SERVICES 9,300 38 91 9,209 1% COMMUNICATIONS 2,000 332 289 1,711 14% TRAVEL 3,100 - - 3,100 0% RENTAL/LEASE 55,176 24,717 26,930 28,246 49% REPAIR/MAINTENANCE 41,480 43,963 45,422 (3,942) 110% MISCELLANEOUS 8,350 1,717 4,808 3,542 58% $ 1,118,378 $ 562,662 $ 490,038 $ 628,340 44% CITY ATPO RNEY PROFESSIONAL SERVICES $ 936,480 $ 359,660 $ 352,348 $ 584,133 38% $ 936,480 $ 359,660 $ 352,348 $ 584,133 38% NON -DEPARTMENTAL SALARIES $ 101,750 $ - $ - $ 101,750 0% BENEFITS -UNEMPLOYMENT 50,000 335 24,849 25,151 50% SUPPLIES 5,000 1,339 1,152 3,848 23% PROFESSIONAL SERVICES 11,168,050 4,585,597 4,704,654 6,463,396 42% EXCISE TAXES 6,500 3,885 9,187 (2,687) 141% RENTAL/LEASE 6,366 6,776 2,240 4,126 35% INSURANCE 403,973 393,746 405,121 (1,148) 100% MISCELLANEOUS 96,344 62,622 81,198 15,146 84% CONTRIBUTION TO ECA 50,000 75,000 50,000 - 100% INTERFUND SUBSIDIES 932,880 - - 932,880 0% GENERAL OBLIGATION BOND 54,530 - 54,530 0% INTEREST ON LONG-TERM DEBT 5,700 - 5,700 0% FISCAL AGENT FEES 500 - - 500 0% $ 12,881,593 $ 5,129,301 $ 5,278,401 $ 7,603,192 41% r Q 14 Packet Pg. 17 Page 3 of 4 CITY OF EDMO NDS EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DETAIL 2021 Amended 5/31/2020 5/31/2021 Amount Title Budget Expenditures Expenditures Remaining %Spent POLICE SERVICES SALARIES $ 7,406,813 $ 2,736,619 $ 2,952,506 $ 4,454,307 40% OVERTIME 461,280 192,757 213,465 247,815 46% HOLIDAY BUYBACK 281,329 1,450 1,951 279,378 1% BENEFITS 2,900,495 1,108,265 1,094,234 1,806,262 38% UNIFORMS 78,926 34,619 25,483 53,443 32% SUPPLIES 90,500 50,940 54,793 35,707 61% FUEL CONSUMED - - 17 (17) 0% SMALL EQUIPMENT 78,953 37,805 58,246 20,707 74% PROFESSIONAL SERVICES 126,220 65,539 41,371 84,849 33% COMMUNICATIONS 36,000 15,155 15,490 20,510 43% TRAVEL 29,310 2,325 6,081 23,229 21% Q. RENTAL/LEASE 651,715 341,558 270,088 381,627 41% Q) REPAIR/MAINTENANCE 15,180 2,123 3,288 11,892 22% MISCELLANEOUS 60,350 12,651 14,080 46,270 23% 2 $ 12,217,071 $ 4,601,807 $ 4,751,092 $ 7,465,979 39% 0 C COMMUNITY SERVICFS/ECON DEV. R C SALARIES $ 312,977 $ 124,192 $ 121,109 $ 191,868 39% IL OVERTIME - - - - 0% BENEFITS 91,455 36,736 36,570 54,885 40% ys., SUPPLIES 2,275 6,662 111 2,164 5% SMALL EQUIPMENT 800 1,516 - 800 0% PROFESSIONAL SERVICES 170,400 31,375 27,332 143,068 16% COMMUNICATIONS 3,175 499 883 2,292 28% o TRAVEL 2,000 1,020 - 2,000 0% 4 RENTAL/LEASE 21,116 4,889 8,119 12,997 38% cu REPAIR/MAINTENANCE 10,500 - - 10,500 0% MISCELLANEOUS 9,500 3,179 4,607 4,893 48% �+ $ 624,198 $ 210,066 $ 198,730 $ 425,468 32% O DEVELO PMINT SERVIC ES/PLANNING SALARIES $ 1,846,548 $ 713,243 $ 736,032 $ 1,110,516 40% OVERTIME 1,300 10,881 - 1,300 0% ,O BENEFITS 684,621 260,694 268,969 415,652 39% UNIFORMS 500 - - 500 0% SUPPLIES 12,100 4,294 2,422 9,678 20% IL SMALL EQUIPMENT 7,300 691 602 6,698 8% PROFESSIONAL SERVICES 825,499 67,310 85,568 739,931 10% s COMMUNICATIONS 9,000 3,369 4,698 4,302 52% C TRAVEL 7,300 228 - 7,300 0% 0 RENTAL/LEASE 135,710 71,136 55,259 80,451 41% r REPAIRS&MAINTENANCE 6,800 - 643 6,157 9% G MISCELLANEOUS 49,060 19,224 31,229 17,831 64% N MACHINERY/EQUIPMENT - - - - 0% $ 3,585,738 $ 1,151,071 $ 1,185,423 $ 2,400,315 33% ENGINEERING SALARIES $ 1,786,020 $ 726,591 $ 733,626 $ 1,052,394 41% N OVERTIME 5,000 1,894 408 4,592 8% E BENEFITS 735,787 293,128 295,252 440,535 40% V UNIFORMS 450 - - 450 0% w SMALL EQUIPMENT 2,200 868 795 1,405 36% Q PROFESSIONAL SERVICES 13,840 1,530 - 13,840 0% COMMUNICATIONS 19,600 5,536 5,948 13,652 30% TRAVEL 600 92 - 600 0% RENTAL/LEASE 146,935 55,090 58,837 88,098 40% REPAIR/MAINTENANCE 2,600 458 - 2,600 0% MISCELLANEOUS 80,000 32,920 27,359 52,641 34% $ 2,793,032 $ 1,118,106 $ 1,122,224 $ 1,670,808 40% 15 Packet Pg. 18 I 2.1.a I Page 4 of 4 C ITY O F EDMO NDS EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DETAIL 2021 Amended 5/31/2020 5/31/2021 Amount Title Budget Expenditures Expenditures Remaining % Spent HUMAN SERVICES PROGRAM SALARIES $ 79,510 $ - $ 18,434 $ 61,076 23% OVERTIME - - 581 (581) 0% BENEFITS 18,392 - 4,352 14,040 24% SUPPLIES 1,000 - - 1,000 0% SMALL EQUIPMENT 500 - - 500 0% PROFESSIONAL SERVICES 500,000 - - 500,000 0% COMMUNICATIONS - - 201 (201) 0% 599,402 - 23,568 575,834 4% PARKS & REC REATIO N SALARIES $ 2,319,689 $ 784,464 $ 928,829 $ 1,390,860 40% OVERTIME 10,000 1,366 1,804 8,196 18% BENEFITS 822,471 299,886 341,738 480,733 42% UNIFORMS 6,275 2,094 1,617 4,658 26% SUPPLIES 127,890 62,609 59,036 68,854 46% SMALL EQUIPMENT 10,900 1,949 1,379 9,521 13% PROFESSIONAL SERVICES 785,550 86,147 77,749 707,801 10% COMMUNICATIONS 31,370 11,072 4,187 27,183 13% TRAVEL 5,270 50 - 5,270 0% RENTAL/LEASE 251,549 108,491 90,813 160,736 36% PUBLICUTILITY 230,507 61,894 72,403 158,104 31% REPAIR/MAINTENANCE 29,700 16,593 - 29,700 0% MISCELLANEOUS 98,110 27,310 24,697 73,413 25% MACHINERY/EQUIPMENT - 9,053 0% $ 4,729,281 $ 1,472,976 $ 1,604,251 $ 3,125,030 34% PUBLIC WORKS ADMINIS TRATIO N SALARIES $ 299,962 $ 124,963 $ 124,742 $ 175,220 42% OVERTIME 200 - - 200 0% BENEFITS 106,903 44,387 44,170 62,733 41% SUPPLIES 8,600 1,394 1,361 7,239 16% SMALL EQUIPMENT 1,000 264 5,502 (4,502) 550% PROFESSIONAL SERVICES 200 67 45 155 23% COMMUNICATIONS 1,350 295 313 1,037 23% TRAVEL 500 - - 500 0% RENTAL/LEASE 84,320 40,008 34,603 49,717 41% PUBLIC UTILITY 3,318 1,471 1,647 1,671 50% REPAIR/MAINTENANCE 1,000 - - 1,000 0% MISCELLANEOUS 4,900 96 77 4,823 2% $ 512,253 $ 212,944 $ 212,461 $ 299,793 41% FACILITIES MAINTENANCE SALARIES 783,970 330,391 335,762 448,208 43% OVERTIME 7,500 1,974 3,936 3,564 52% BENEFITS 357,720 141,982 143,323 214,397 40% UNIFORMS 3,000 4,434 3,147 (147) 105% SUPPLIES 112,000 53,525 47,093 64,907 42% SMALL EQUIPMENT 3,000 818 2,208 792 74% PROFESSIONAL SERVICES 73,000 98,612 25,185 47,815 34% COMMUNICATIONS 16,000 8,781 8,831 7,169 55% TRAVEL 1,000 - - 1,000 0% RENTAL/LEASE 29,050 21,225 10,021 19,029 34% PUBLIC UTILITY 302,937 141,890 137,714 165,223 45% REPAIR/MAINTENANCE 748,722 197,755 138,164 610,558 18% MISCELLANEOUS 5,000 1,250 1,203 3,797 24% $ 2,442,899 $ 1,002,638 $ 856,587 $ 1,586,312 35% TOTAL GENERAL FUND EXPENDITURES $ 45,978,718 $ 17,123,820 $ 17,443,966 $ 28,534,752 38% w Q 16 Packet Pg. 19 2.1.a I City of Edmonds, WA Monthly Revenue Summary -General Fund 2021 General Fund Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 2,287,290 $ 2,287,290 $ 2,740,276 19.80% February 4,613,781 2,326,491 5,089,278 10.31% March 7,107,230 2,493,449 7,050,949 -0.79% April 10,175,039 3,067,809 11,029,475 8.40% May 18,374,709 8,199,670 20,122,774 9.51% June 20,786,286 2,411,577 July 23,079,988 2,293,702 August 25,616,155 2,536,167 September 27,881,561 2,265,406 October 31,748,856 3,867,296 November 40,108,232 8,359,375 December 42,450,777 2,342,545 City of Edmonds, WA Monthly Revenue Summary -Real Estate Excise Tax 2021 Real Estate Excise Tax 1 & 2 Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 195,748 $ 195,748 $ 625,840 219.72% February 341,557 145,810 922,678 170.14% March 525,343 183,786 1,222,093 132.63% April 697,989 172,646 1,478,072 111.76% May 895,413 197,424 1,949,651 117.74% June 1,120,061 224,648 July 1,335,075 215,015 August 1,581,214 246,138 September 1,849,736 268,522 October 2,083,774 234,038 November 2,308,787 225,013 December 2,500,000 191,213 *The monthly budget forecast columns are based on a five-year average. O sZ N C R C LL t W a O N O N O m U a M C LL t r C O r N O N fC C N t C� r r Q 17 Packet Pg. 20 1 SALES TAX SUMMARY I 2.1.a I Sales Tax Analysis By Category Current Period: May 2021 Year -to -Date Total $3,922,140 Automotive Repair, Health & Personal Care, 9,681 $105,734 Amusement & Construction Trade, Recreation, $18,976 $568,220 Accommodation, $8,332 Clothing and Accessories,$132,832 Communications, $101,519 % iness Services, $420,015 _ Gasoline, $15,534 Retail Food Stores, $141,059 Wholesale Trade, LRetail Automotive, $157,167 $949,791 IManufacturing, $52,407 Misc Retail, $767,358 Others, $72,815 Eating & Drinking, $330,699 10,000,000 8,000,000 $6,741,838 $6,905,122 6,000,000 4,000,000 2,000, 000 0 201 Annual Sales Tax Revenue $8,406,296 $8,452,715 $8,317,046 $7,395,114 2017 2018 2019 2020 YTD 2021 I Packet Pg. 21 I 2.1.a I City of Edmonds, WA Monthly Revenue Summary -Sales and Use Tax 2021 Sales and Use Tax Cumulative Budget Forecast Monthly Budget Forecast YTD Actuals Variance January $ 661,963 $ 661,963 $ 774,198 16.95% February 1,491,081 829,118 1,647,058 10.46% March 2,110,825 619,744 2,350,659 11.36% April 2,677,870 567,045 3,041,781 13.59% May 3,379,279 701,409 3,922,140 16.06% June 4,038,220 658,941 July 4,756,025 717,805 August 5,547,915 791,890 September 6,288,480 740,565 October 7,063,515 775,035 November 7,866,501 802,986 December 8,600,000 733,499 Gas Utility Tax Sales and Use Tax 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 / 1,000,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Current Year Budget Prior Year City of'Edmonds, WA Monthly Revenue Summary -Gas Utility Tax 2021 Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance January $ 82,557 $ 82,557 $ 84,132 1.91% February 170,654 88,097 172,999 1.37% March 250,947 80,292 269,171 7.26% April 317,447 66,501 350,366 10.37% May 368,586 51,139 413,190 12.10% June 403,108 34,522 July 430,884 27,777 August 454,299 23,415 September 475,121 20,822 October 498,594 23,472 November 537,295 38,702 December 595,000 57,705 Gas Utility Tax 700,000 600,000 500,000 400,000 300,000 200,000 100,000 Koz 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Current Yeaz Budget Prior Yeaz *The monthly budget forecast columns are based on a five-year average. O O. N 2 C R C LL t C O N O N O Q N R U a M a LL 21 t r C O r N O N fC C N 1= t C� O r r Q 19 Packet Pg. 22 I 2.1.a I City of Edmonds, WA Monthly Revenue Summary -Telephone Utility Tax 2021 Telephone Utility Tax Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance % January $ 69,351 $ 69,351 $ 56,592 -18.40% February 138,426 69,074 85,370 -38.33% March 199,085 60,660 140,907 -29.22% April 265,909 66,823 190,824 -28.24% May 325,636 59,728 218,932 -32.77% June 385,177 59,540 July 443,946 58,770 August 501,501 57,554 September 557,882 56,382 October 615,320 57,437 November 665,999 50,679 December 723,000 57,001 Electric Utility Tax 800,000 Telephone Utility Tax 700,000 600,000 500,000 400,000 300,000 / 200,000 100,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Current Yeaz Budget �Prior Year City of Edmonds, WA Monthly Revenue Summary -Electric Utility Tax 2021 Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance % January $ 179,984 $ 179,984 $ 192,356 6.87% February 379,889 199,905 367,328 -3.31% March 546,637 166,748 537,433 -1.68% April 730,293 183,656 721,208 -1.24% May 873,813 143,520 872,875 -0.11% June 997,568 123,755 July 1,114,337 116,769 August 1,230,154 115,816 September 1,342,671 112,517 October 1,453,976 111,305 November 1,576,729 122,753 December 1,710,000 133,271 Electric Utility Tax 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 , 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC -0- Current Year Budget - Prior Year *The monthly budget forecast columns are based on a five-year average. 20 Packet Pg. 23 I 2.1.a I City of Edmonds, WA Monthly Revenue Summary -Meter Water Sales 2021 Meter Water Sales Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance January $ 779,311 $ 779,311 $ 785,708 0.82% February 1,323,513 544,201 1,376,327 3.99% March 2,123,378 799,865 2,200,360 3.63% April 2,634,733 511,355 2,730,111 3.62% May 3,397,533 762,799 3,527,366 3.82% June 3,993,888 596,356 July 4,928,107 934,219 August 5,728,520 800,414 September 6,831,863 1,103,343 October 7,628,547 796,684 November 8,538,589 910,042 December 9,090,825 552,236 City of Edmonds, WA Monthly Revenue Summary -Storm Water Sales 2021 Storm Water Sales Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance January $ 384,276 $ 384,276 $ 377,845 6.87% February 1,216,009 831,732 1,205,144 -3.31% March 1,599,504 383,495 1,586,561 -1.68% April 1,939,303 339,799 1,926,094 -1.24% May 2,323,204 383,901 2,307,849 -0.11% June 2,663,931 340,727 July 3,048,086 384,154 August 3,880,066 831,980 September 4,263,771 383,706 October 4,604,458 340,687 November 4,988,465 384,006 December 5,316,477 328,012 Storm Water Sales 5,500,000 5,000,000 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 - 2,000,000 1,500,000 1,000,000 500,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC --6-- Current Year Budget � Prior Year *The monthly budget forecast columns are based on a five-year average. O O. N C R C LL t C O N O N O m U a M C LL t r C O N O N fC C N t C� r r Q 21 Packet Pg. 24 I 2.1.a I City of Edmonds, WA Monthly Revenue Summary-Unmeter Sewer Sales 2021 Unmeter Sewer Sales Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance January $ 846,742 $ 846,742 $ 806,699 -4.73% February 1,539,036 692,295 1,482,613 -3.67% March 2,387,119 848,083 2,293,552 -3.92% April 3,078,705 691,586 2,976,527 -3.32% May 3,923,269 844,563 3,802,264 -3.08% June 4,616,005 692,736 July 5,485,907 869,902 August 6,180,993 695,086 September 7,065,967 884,974 October 7,769,759 703,792 November 8,630,384 860,626 December 9,319,928 689,544 *The monthly budget forecast columns are based on a five-year average. O N C R C IL t W a O N O N R O Q N R U a M a M z r C O r N O N fC C N t C� r r Q 22 Packet Pg. 25 1 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report -General Fund 2021 General Fund Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance % January $ 4,845,167 $ 4,845,167 $ 4,488,492 -7.36% February 8,240,292 3,395,126 7,637,016 -7.32% March 11,746,201 3,505,909 11,022,804 -6.16% April 15,231,541 3,485,340 14,232,961 -6.56% May 18,483,451 3,251,910 17,443,966 -5.62% June 22,684,269 4,200,818 July 26,549,767 3,865,498 August 30,224,810 3,675,044 September 33,657,349 3,432,539 October 37,442,814 3,785,464 November 41,528,072 4,085,259 December 45,978,718 4,450,646 City of Edmonds, WA Monthly Expenditure Report -Non -Departmental 2021 Non -Departmental Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance % January $ 2,126,439 $ 2,126,439 $ 2,013,112 -5.33% February 2,957,339 830,899 2,845,113 -3.79% March 3,909,781 952,442 3,679,050 -5.90% April 4,736,733 826,952 4,484,023 -5.34% May 5,415,966 679,234 5,278,401 -2.54% June 6,873,740 1,457,774 July 7,909,844 1,036,104 August 8,774,178 864,334 September 9,513,240 739,062 October 10,425,754 912,513 November 11,547,839 1,122,086 December 12,881,593 1,333,754 *The monthly budget forecast columns are based on a five-year average. r Q 23 Packet Pg. 26 1 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report -City Council 2021 City Council Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals January $ 27,295 $ 27,295 $ 26,808 -1.79% February 57,824 30,529 53,681 -7.17% March 91,440 33,616 83,267 -8.94% April 122,323 30,882 110,738 -9.47% May 163,149 40,826 137,169 -15.92% June 212,026 48,877 July 246,267 34,241 August 293,761 47,494 September 333,076 39,315 October 357,472 24,396 November 393,733 36,262 December 432,478 38,745 City of Edmonds, WA Monthly Expenditure Report -Office of Mayor 2021 Office of Mayor Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals January $ 28,543 $ 28,543 $ 27,531 -3.55% February 58,378 29,835 55,740 -4.52% March 86,855 28,477 83,532 -3.83% April 115,847 28,992 111,352 -3.88% May 144,377 28,530 138,910 -3.79% June 172,357 27,980 July 200,988 28,631 August 230,481 29,494 September 259,088 28,607 October 287,175 28,087 November 315,280 28,104 December 345,501 30,221 Office of Mayor 350,000.00 300,000.00 250,000.00 200,000.00 150,000.00 100,000.00 50,000.00 0.00 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Current Year Budget - -PriorYear *The monthly budget forecast columns are based on a five-year average. O sZ N C R C LL t y+ C O tV O N O m U a M c LL 21 t r C O r N O tV fC C N t t) r Q 24 Packet Pg. 27 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report -Human Resources 2021 Human Resources Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance % January $ 73,271 $ 73,271 $ 75,120 2.52% February 138,790 65,519 132,066 -4.84% March 202,112 63,322 187,141 -7.41% April 262,791 60,679 252,612 -3.87% May 326,332 63,541 319,298 -2.16% June 403,462 77,130 July 464,647 61,185 August 528,490 63,843 September 598,547 70,057 October 664,032 65,485 November 731,681 67,649 December 837,176 105,495 Municipal Court Human Resources 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Current Yeaz Budget Prior Year City of'Edmonds, WA Monthly Expenditure Report -Municipal Court 2021 Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance % January $ 88,422 $ 88,422 $ 93,953 6.26% February 185,102 96,680 183,450 -0.89% March 279,267 94,165 275,717 -1.27% April 374,976 95,709 359,370 -4.16% May 477,911 102,935 445,221 -6.84% June 568,960 91,049 July 663,035 94,076 August 760,661 97,626 September 855,256 94,594 October 954,530 99,275 November 1,047,855 93,324 December 1,166,183 118,328 Municipal Court 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC -0---CurrentYeaz Budget �PriorYear *The monthly budget forecast columns are based on a five-year average. O O. N M C R C_ LL t y+ C O N O N O Q N R U C M C LL t r C O r N O N M C N E t U O r r Q 25 Packet Pg. 28 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report -Community Services/Economic Development 2021 Community Services/Economic Development Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals January $ 41,233 $ 41,233 $ 43,221 4.82% February 88,221 46,989 85,831 -2.71% March 135,256 47,034 130,319 -3.65% April 184,259 49,003 157,909 -14.30% May 233,650 49,391 198,730 -14.95% June 281,295 47,646 July 332,496 51,200 August 387,551 55,056 September 434,722 47,170 October 487,409 52,687 November 550,406 62,997 December 624,198 73,792 City Clerk Community Services/Economic Development 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC -0-- Current Year Budget -d-- Prior Year City of Edmonds, WA Monthly Expenditure Report -City Clerk 2021 Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance January $ 73,276 $ 73,276 $ 78,859 7.62% February 133,953 60,677 139,396 4.06% March 196,194 62,241 209,183 6.62% April 261,901 65,707 272,337 3.98% May 322,071 60,170 328,247 1.92% June 380,379 58,308 July 444,659 64,280 August 511,894 67,234 September 567,756 55,862 October 625,324 57,568 November 692,090 66,766 December 757,055 64,965 City Clerk 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Current Year Budget � Prior Year *The monthly budget forecast columns are based on a five-year average. O sZ N F� C R C LL 21 t y+ C O 2 T_ N O N O m U C M c LL t r C O r N O N fC C N 1= t t) r Q 26 Packet Pg. 29 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report -Technology Rental Fund 2021 Technology Rental Fund Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance % January $ 136,722 $ 136,722 $ 117,002 -14.42% February 290,515 153,792 168,294 -42.07% March 386,224 95,709 350,229 -9.32% April 453,827 67,604 404,389 -10.89% May 542,997 89,170 460,963 -15.11% June 634,330 91,333 July 713,918 79,588 August 806,613 92,695 September 902,103 95,490 October 985,360 83,257 November 1,067,005 81,645 December 1,257,909 190,904 Finance Technology Rental Fund 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Current Year Budget � Prior Year City of Edmonds, WA Monthly Expenditure Report -Finance 2021 Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance % January $ 116,793 $ 116,793 $ 137,736 17.93% February 202,688 85,896 226,074 11.54% March 289,766 87,077 314,260 8.45% April 377,999 88,233 402,835 6.57% May 466,613 88,615 490,038 5.02% June 576,420 109,807 July 670,117 93,697 August 756,308 86,191 September 853,460 97,152 October 943,512 90,052 November 1,030,441 86,929 December 1,118,378 87,937 Finance 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC +Current Yeaz Budget � Prior Year *The monthly budget forecast columns are based on a five-year average. O N M C R C_ LL t y+ C O N O N O m U a M a LL t r C O r N O N M C N E t C� O r r Q 27 Packet Pg. 30 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report -City Attorney 2021 City Attorney Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance % January $ 78,040 $ 78,040 $ 69,941 -10.38% February 1S6,080 78,040 142,526 -8.68% March 234,120 78,040 212,467 -9.25% April 312,160 78,040 282,407 -9.53% May 390,200 78,040 352,348 -9.70% June 468,240 78,040 July 546,280 78,040 August 624,320 78,040 September 702,360 78,040 October 780,400 78,040 November 858,440 78,040 December 936,480 78,040 Police City Attorney 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC -*-- Current Year Budget � Prior Year City of'Edmonds, WA Monthly Expenditure Report -Police 2021 Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance % January $ 948,663 $ 948,663 $ 992,942 4.67% February 1,933,831 985,168 1,856,572 -4.00% March 2,901,114 967,283 2,871,535 -1.02% April 3,878,067 976,953 3,802,023 -1.96% May 4,844,411 966,345 4,751,092 -1.93% June 5,873,421 1,029,009 July 6,905,785 1,032,364 August 7,852,686 946,901 September 8,847,063 994,377 October 9,934,749 1,087,687 November 11,184,244 1,249,495 December 12,217,071 1,032,827 Police 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Current Year Budget Prior Year *The monthly budget forecast columns are based on a five-year average. O O. N C R C LL t C O tV O N O Q N R U C M C LL z r C O r N O tV fC C N t t) r r Q Z$ Packet Pg. 31 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report -Development Services 2021 Development Services Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance % January $ 256,049 $ 256,049 $ 219,157 -14.41% February 537,665 281,616 448,394 -16.60% March 818,171 280,505 690,769 -15.57% April 1,116,880 298,709 934,573 -16.32% May 1,419,687 302,807 1,185,423 -16.50% June 1,698,802 279,115 July 2,000,438 301,636 August 2,308,559 308,121 September 2,606,786 298,227 October 2,898,446 291,660 November 3,237,188 338,742 December 3,585,738 348,550 Parks & Recreation Development Services 3,600,000 3,200,000 2,800,000 2,400,000 2,000,000 1,600,000 1,200,000 800,000 400,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC --*-- Current Yeaz Budget � Prior Year City of'Edmonds, WA Monthly Expenditure Report -Parks & Recreation 2021 Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance % January $ 319,744 $ 319,744 $ 308,283 -3.58% February 651,727 331,983 655,977 0.65% March 1,004,599 352,872 971,861 -3.26% April 1,371,174 366,574 1,273,239 -7.14% May 1,749,534 378,360 1,604,251 -8.30% June 2,129,825 380,291 July 2,608,624 478,799 August 3,159,845 551,221 September 3,607,041 447,196 October 3,989,956 382,916 November 4,323,317 333,361 December 4,729,281 405,964 Parks & Recreation 5,000,000 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 fool 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC +Current Yeaz Budget � Prior Year *The monthly budget forecast columns are based on a five-year average. r Q 29 Packet Pg. 32 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report -Public Works Administration 2021 Public Works Administration Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance % January $ 42,089 $ 42,089 $ 40,605 -3.53% February 84,997 42,908 81,720 -3.86% March 127,527 42,530 123,465 -3.19% April 170,261 42,734 170,658 0.23% May 213,078 42,817 212,461 -0.29% June 256,751 43,673 July 300,611 43,860 August 343,101 42,490 September 385,406 42,305 October 426,793 41,387 November 468,729 41,936 December 512,253 43,524 Facilities Maintenance Public Works Administration 600,000 500,000 400,000 300,000 200,000 100,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC � Current Yeaz Budget � Prior Year City of Edmonds, WA Monthly Expenditure Report -Facilities Maintenance 2021 Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance % January $ 167,724 $ 167,724 $ 142,909 -14.80% February 348,879 181,155 294,332 -15.63% March 533,264 184,385 528,741 -0.85% April 706,629 173,365 711,450 0.68% May 894,239 187,611 856,587 -4.21% June 1,043,804 149,565 July 1,223,905 180,101 August 1,414,941 191,036 September 1,622,246 207,305 October 1,898,737 276,491 November 2,125,911 227,174 December 2,442,899 316,988 Facilities Maintenance 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 �{ 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC -*-- Current Year Budget � Prior Year *The monthly budget forecast columns are based on a five-year average. O O. N M C R C_ LL t y+ C O N O N O m U a M a LL t r C O r N O N M C N t C� M r Q 30 Packet Pg. 33 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report -Engineering 2021 Engineering Cumulative Monthly Budget Forecast Budget Forecast YTD Actuals Variance January $ 212,668 $ 212,668 $ 218,316 2.66% February 423,271 210,602 436,144 3.04% March 652,974 229,703 661,498 1.31% April 890,809 237,835 888,001 -0.32% May 1,130,883 240,074 1,122,224 -0.77% June 1,371,946 241,063 July 1,617,159 245,213 August 1,869,308 252,149 September 2,101,156 231,848 October 2,337,410 236,254 November 2,559,700 222,290 December 2,793,032 233,332 Engine a ring 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC � Current Year Budget � Prior Year *The monthly budget forecast columns are based on a five-year average. 31 Packet Pg. 34 I 2.1.a I INVESTMENT PORTFOLIO SUMMARY City of Edmonds Investment Portfolio Detail As of May 31, 2021 Years Agency/ Investment Purchase to Par Market Maturity Coupon Issuer Type Price Maturity Value Value Date Rate Grant Cnty WA Bonds 410,553 0.59 405,000 408,839 01/01/22 1.79% FFCB Bonds 1,998,548 1.04 2,000,000 2,038,164 06/14/22 1.88% Energy Northwest Bonds 1,466,077 1.08 1,345,000 1,416,689 07/01/22 5.00% Energy Northwest Bonds 260,748 1.08 250,000 257,400 07/01/22 2.95% Mason & Kitsap Cnty WA Bonds 948,084 1.50 855,000 916,517 12/01/22 5.00% Grant Cnty WA Bonds 1,517,955 1.59 1,500,000 1,530,750 01/01/23 1.54% Grant Cnty WA Bonds 576,332 1.59 520,000 559,629 01/01/23 5.00% Seattle WA Muni Bonds 2,224,500 1.67 2,000,000 2,162,780 02/01/23 5.00% FHLB Bonds 1,996,590 2.35 2,000,000 1,998,848 10/05/23 0.22% First Financial - ECA CD 2,803,516 2.46 2,803,516 2,803,516 11/15/23 2.08% Kent WA Bonds 286,648 2.50 250,000 279,650 12/01/23 5.00% Spokane County WA Bonds 259,075 3.51 250,000 263,378 12/01/24 2.10% First Financial - Waterfront Center CD 2,000,000 6.42 2,000,000 2,000,000 11/01/27 0.25% TOTAL SECURITIES 16,748,624 2.11 16,178,516 16,636,160 Washington State Local Gov't Investment Pool 30,011,702 30,011,702 Demand 0.08% Snohomish County Local Gov't Investment Pool 25,257,199 25,257,199 Demand 1.29% TOTAL PORTFOLIO $ 71,447,417 $ 71,905,061 Kent WA, Issuer Diversification Seattle WA 2% Muni, 12% Mason & Kitsap Cnty, First WA, 5% Financial - CD, 30% Grant Cnty Spokane WA, 15% County y Energy FFCB, 12% WA, 2% 12 /° Northwest, 10% Cash and Investment Balances Checking, (in $ Millions) _ $1.9 , 3% Bonds, $11.4, 15% CD's, $4.8, 7% State LGIP, $30.0, 41% County LGIP, $25.3, 34% } 32 Packet Pg. 35 1 I 2.1.a I INVESTMENT PORTFOLIO SUMMARY Annual Interest Income $1,400, 000 $1,236,875 $1,200,000 $1,000,000 $947,931 $800,000 $635,781 $600,000 423,799 $481279 $400,000 $200,000 2016 2017 2018 2019 2020 YTD 2021 1.5 % 1.3 1.0 % 0.8 % 0.5 % 0.3 0.0 Edmonds Rate of Return Compared to Benchmark (Rolling 12 months) - - - 6 Month Treasury Rate (Benchmark) City Blended Rate -- - - -- - - - - - June August October December February April Maturity Distribution and Rate of Return $6,000,000 5.00% $ 5,000, 000 4.00% $4,000,000 3.00% $3,000,000 $ 2,000, 000 2.00 $1,000,000 — 1.00% $- - T 0.00% 0-6 Mo 6-12 12-18 18-24 24-30 30-36 36-42 42-48 48-54 54-60 60-66 66-72 72-78 Mo Mo Mo Mo Mo Mo Mo Mo Mo Mo Mo Mo 0 a d c R c ii 21 z c 0 N O N 0 m v c M c ii A z c 0 N O N fC a+ C N Q 33 Packet Pg. 36 2.1.a GENERAL FUND OVERVIEW BALANCES CHANGE IN FUND BALANCES GENERAL FUND ---- ACTUAL ---- ---- ACTUAL ---- & SUBFUNDS 5/31 /2021 5/31 /2021 Q1 YTD Fund Balance Cash Balance 001-General Fund $ 16,547,553 $ 10,426,743 $ 2,678,807 $ 2,678,807 009-Leoff-Medical Ins. Reserve 393,904 407,493 (143,272) (143,272 012-Contingency Reserve Fund 1,782,149 1,782,150 - - 0 014-Historic Preservation Gift Fund 17,188 17,189 - - 016-Building Maintenance 210,221 210,221 - - 017 - Marsh Restoration & Preservation 848,567 848,566 (16,049) (16,049 r- 018 -Edmonds Homelessness Response 123,581 123,581 - - ii 019 - Edmonds Opioid Response 28,445 28,445 - - >+ t Total General Fund & Subfunds $ 19,951,608 $ 13,844,387 $ 2,519,486 $ 2,519,486 c *$2,000,000 of the General Fund Balance has been assigned by management for the development of Civic Field. N *$7,267,031of the fund balance in Fund 001 added to the $1,768,863 balance in Fund 012, represent the required 20% N operating reserve. 1` 0 GOVERNMENTAL FUNDS OVERVIEW 2 U U_ CHANGE IN FUND 2' FUND BALANCES BALANCES 0 GOVERNMENTAL ---- ACTUAL ---- ---- ACTUAL ---- 2 FUNDS 5/31 /2021 5/31 /2021 Q1 YTD c Fund Balance Cash Balance N 0 General Fund & Subfunds $ 19,951,608 $ 13,844,387 $ 2,519,486 $ 2,519,486 Special Revenue 12,498,039 11,146,871 1,507,838 1,507,838 y Debt Service 26,546 26,546 - 26,546 Capital Projects 6,276,810 6,086,215 123,299 123,299 Q Total Governmental Funds $ 38,753,003 $ 31,104,019 $ 4,150,624 $ 4,177,170 *Please note that these revenues and expenses occur within annual cycles. This Interim Report is not adjusted for accruals or those annual cycles. 34 Packet Pg. 37 2.1.a SPECIAL REVENUE FUNDS OVERVIEW FUND BALANCES CHANGE IN FUND BALANCES ---- ACTUAL ---- ---- ACTUAL ---- GOVERNMENTAL SPECIAL REVENUE 5/31/2021 5/31/2021 Q1 YTD Fund Balance Cash Balance 104 - Drug Enforcement Fund $ 75,537 $ 75,150 $ 1,235 $ 1,235 1 1 1 - Street Fund 763,282 607,078 (375,128) (375,128 112 - Combined Street Const/Im prove 2,242,529 1,711,449 160,866 160,866 117 - Municipal Arts Acquis. Fund 683,355 678,751 628 628 0 118 - Memorial Street Tree 20,554 20,417 336 336 0 120 - Hotel/Motel Tax Revenue Fund 70,071 62,519 3,149 3,149 121 - Employee Parking Permit Fund 92,111 91,388 10,112 10,112 .� 122 - Youth Scholarship Fund 14,057 13,965 230 230 c 123 -Tourism Promotional Fund/Arts 88,005 85,164 7,667 7,667 c 125 - Real Estate Tax 2 3,475,810 3,161,669 903,829 903,829 U+ 126 - Real Estate Excise Tax 1 * 2,990,867 2,676,135 680,700 680,700 t 127 - Gifts Catalog Fund 325,937 323,928 27,873 27,873 0 130- Cemetery Maintenance/Improvement 195,173 193,746 (9,955) (9,955 M 136 - Parks Trust Fund 169,406 168,281 2,768 2,768 N 137 - Cemetery Maintenance Trust Fund 1,1 17,634 1,110,286 27,774 27,774 N 138 - Sister City Commission 10,535 10,465 172 172 140 -Business Improvement Disrict 52,102 52,103 32,951 32,951 141 - Affordable and Supportive Housing I'd 111,073 104,377 32,633 32,633 142 - Edmonds Cares Fund - - - - 0 Total Special Revenue $ 12,498,039 $ 11,146,871 $ 1,507,838 $ 1,507,838 *$200,000 of the fund balance in Fund 126 has been reserved for Marsh Restoration Funding, as well as $500,000 for the purchase of Open Space. c ENTERPRISE FUNDS OVERVIEW LL 0 r N O FUND BALANCES CHANGE IN FUND ENTERPRISE ---- ACTUAL ---- ---- ACTUAL ---- FUNDS 5/31/2021 5/31/2021 Q1 YTD Fund Balance Cash Balance t 421 -Water Utility Fund $ 27,407,659 $ 6,667,451 $ 1,708,007 $ 1,708,007 r 422 - Storm Utility Fund * 14,949,532 5,669,504 1,358,844 1,358,844 Q 423 - Sewer/WWTP Utility Fund 54,579,439 19,509,019 2,181,010 2,181,010 424 - Bond Reserve Fund 843,965 843,965 4 4 411 -Combined Utility Operation 5,070 49,246 5,070 5,070 Total Enterprise Funds $ 97,785,665 $ 32,739,184 $ 5,252,935 $ 5,252,935 *$250,000 of the Storm Utility Fund Balance has been reserved for Marsh Restoration Funding. *Please note that these revenues and expenses occur within annual cycles. This Interim Report is not adjusted for accruals or those annual cycles. 35 Packet Pg. 38 2.1.a SUMMARY OVERVIEW CHANGE IN FUND FUND BALANCES BALANCES CITY-WIDE ---- ACTUAL ---- ---- ACTUAL ---- 5/31 /2021 5/31 /2021 Q1 YTD Fund Balance Cash Balance Governmental Funds $ 38,753,003 $ 31,104,019 $ 4,177,170 $ 4,177,170 Enterprise Funds 97,785,665 32,739,184 5,252,935 5,252,935 Internal Services Fund 10,267,159 5,734,905 312,739 312,739 a Agency Funds 100,236 101,463 (34,879) (34,879 Total City-wide Total $ 146,906,064 $ 69,679,571 $ 9,707,965 $ 9,707,965 .� c c� c ii 2, t INTERNAL SERVICE FUNDS OVERVIEW r 0 N 0 N FUND BALANCES CHANGE IN FUND 0. BALANCES ---- ACTUAL ---- ---- ACTUAL ---- INTERNAL SERVICE FUNDS 5/31 /2021 5/31 /2021 Q1 YTD U Fund Balance Cash Balance ii 511 - Equipment Rental Fund $ 9,365,938 $ 4,939,671 $ 262,142 $ 262,142 t c 512 -Technology Rental Fund 901,221 795,234 50,597 50,597 0 Total Internal Service Funds $ 10,267,159 $ 5,734,905 $ 312,739 $ 312,739 N 0 N f� C N E t V fC a+ Q *Please note that these revenues and expenses occur within annual cycles. This Interim Report is not adjusted for accruals or those annual cycles. 36 Packet Pg. 39 2.2 City Council Agenda Item Meeting Date: 07/13/2021 Discussion of City Financing Needs Staff Lead: Dave Turley Department: Administrative Services Preparer: Dave Turley Background/History Discussion of City financing needs and options to choose from to meet those needs. Staff Recommendation Discussion Only. We would like to have a recommendation to bring to Council regarding funding options. Narrative: The City has financing needs to discuss. Scott Bauer from Northwest Municipal Advisors will attend to answer questions related to the issuance of bonds. 1) We have an opportunity to refund our 2011 20-year Sewer Revenue Bonds, potentially saving the City $1 million over the remaining life of the bonds. 2) The Edmonds Center for the Arts Public Facilities District has asked us to refinance approximately $2.6 million of bonds on their behalf, through 2041. 3) Council has before them the decision of whether to sign a contract to begin construction of Civic Field. If Council votes to accept this bid, we will need to identify funding for an additional $1.5 million to $3.0 million needed to fully fund the project. 4) The question has been raised as to whether now is a good time to sell additional bonds, which would be used for other large maintenance projects that have been identified but which do not yet have funding. Packet Pg. 40