2021-08-10 City Council - Full FIN Agenda-29301
o Agenda
Edmonds City Council
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CALL TO ORDER
COMMITTEE BUSINESS
1. June 2021 Quarterly Financial Report (10 min)
2. PFD Financial Presentation (30 min)
3. City of Edmonds Facility Condition Assessment update by Mckinstry (15 min)
ADJOURN
Edmonds City Council Agenda
August 10, 2021
Page 1
2.1
City Council Agenda Item
Meeting Date: 08/10/2021
June 2021 Quarterly 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
June 2021 Quarterly Financial Report
Attachments:
Complete June 2021 Quarterly Financial Report
Pres to Finance Committee August 10
Jan -June 2021 P&L
Packet Pg. 2
2.1.a
INSIDE THIS
ISSUE:
Summary of Operating Funds: Revenues
Revenues By Fund 1 This report is a summary of the City's preliminary
Summary
operating results for the two quarters ended June 30,2021.
Expenditures By
Fund Summary
General Fund
Revenues
Expenditures By
Fund Detail
Gen. Fund Depart-
ment Expenditures
Investment Portfolio
Fund Balance
Overview
Right. Cases and
hospitalizations
are once again
increasing, and
authorities fear
that a new vari-
ant may become
prevalent enough
to have impacts
to our lives and
economy that are
as great or great-
er than what we
have experienced
thus far over the
last year and a
half
Revenue Update:
2 As the coronavirus pandemic contin-
ues, more people have been vaccinat-
ed against COVID-19, and govern-
3 ment-provided stimulus plans have
contributed to a significant economic
recovery nationwide. Our regional
6 economy, including our City, contin-
ues to exceed expectations. Howev-
er, not enough people have been vac-
cinated to successfully slow the pan-
12 demic, and as a result a new "Delta
variant" is becoming prevalent. This
casts our economic recovery in doubt
32 and brings more uncertainty to our
revenue forecasts.
34 Six month General Fund revenues of
$22.9 million are 4% ahead of
budget. The largest contributor to this
is from sales tax collections that are
$1 million ahead of this time last
United States All time
150,000
100,000
50,000
year, and $500,000 ahead of budget. Due
to a currently strong local and regional
economy, virtually all tax collections are
ahead of last year's pace, as well as ahead
of budget. (pages 1 - 3).
Revenues by Category:
General Fund revenues for the six months
ended June 30, 2021 are higher than 2020
in the categories of Taxes, Intergovern-
mental Revenues, Charges for Goods and
Services, Fines and Penalties, and Other
Miscellaneous revenues. General Fund
revenues are lower than last year at this
time only in the category of Licenses and
Permits.
A more detailed breakdown of infor-
mation for City revenues can be found be-
ginning on page 3.
Jul 31, 2021 7-day average
People hospitalized 39,560
People in ICU 10,264
Jul 15 Sep 30 Dec 9 Feb 17 May 1 Jul
Preliminary Financial Management Report as of June 3Q- 2021
Packet Pg. 3
Top:
A contract for th
construction of Civ-
ic Field was ap-
proved in early
2021, with ground-
breaking scheduled
to begin in late July
or early August.
Construction will
rtnntinna t�rroirt�
The 2021 Primary
Elections were held
on August 3,with
three City Council
seats up for grabs
Summary of Operating Funds: Expenditures
General Fund ex -
penditures for six
months are $1.9 mil-
lion or 8% under the budgeted amount, and
are nearly identical to
this time last year.
IGeneral Fund expens-
es by sub -fund and
Iline item categories
are on page 6 and ex-
penses by department
are on pages 13-16.
Every department in
the General Fund is
Ireasonably where ex-
pected after six
months, and the Gen-
eral Fund as a whole
has spent 46% of its
annual budget. This
same information can be found
graphical form on pages 23-31.
in the annual expenditure budget for those
funds.
Special Revenue Funds during the
Other City Highlights
year have spent only 30% of their an-
The Washington State Auditor's Office
nual expense budget. This is ex-
recently concluded the annual financial
pected, as the majority of the under-
audit of the City. We intend to submit the
spending comes from REET funds,
City's audited annual report to the Gov -
which at 50% of the way through the
ernment Finance Officers Association for
have spent only 16% of their an-
consideration for the Certificate of
Iyear
nual allotment. This will change
Achievement for Excellence in Finan-
soon, as significant capital project
cial Reporting. If successful, this would
spending is scheduled to begin during
be the eighth consecutive year we have
the summer months, including the
earned this prestigious award.
long-awaited construc-
tion of Civic Field.
Additional Special
Revenue Fund ex-
penditure information
ELECTION
can be found on pages
6-8.
Awk
IThe total fund balance
for the General Fund
and Sub -funds at June
30 is $18.9 million, or
approximately 40% of
l
It
I
Preliminary Financial Management Report as of June 3
Packet Pg. 4
I 2.1.a I
Page 1 of 1
C ITY OF EDMO NDS
REVENUES BY FUND - SUMMARY
Fund
2021 Amended
6/30/2020
6/30/2021 Amount
No. Title
Budget
Revenues
Revenues Remaining %Receive
001 GENERAL FUND
$ 42,450,777
$ 19,628,003
$ 22,872,014 $ 19,578,763 54
009 LEOFF-MEDICAL INS. RESERVE
300,000
212,500
- 300,000 0
012 CONTINGENCY RESERVE FUND 2,620 - 2,620 0
014
HISTORIC PRESERVATION GIFT FUND
5,010
2,500
2,500
2,510
50
O
104
DRUG ENFORCEMENT FUND
165,370
63,538
1,397
163,973
1
m
Ill
STREET FUND
1,722,360
918,085
917,170
805,190
53
cv
112
COMBINED STREET CONS'T/IMPROVE
3,068,385
1,337,928
1,116,918
1,951,467
36
117
MUNICIPAL ARTS ACQUIS. FUND
165,060
25,592
24,688
140,372
15
118
MEMORIAL STREET TREE
270
227
380
(110)
141
L+
120
HOTEL/MOTEL TAX REVENUE FUND
71,460
32,526
26,546
44,914
37
121
EMPLOYEE PARKING PERMIT FUND
25,240
10,143
10,360
14,880
41
R
O
122
YOUTH SCHOLARSHIP FUND
1,390
153
260
1,130
19
Cy
123
TOURISM PROMOTIONAL FUND/ARTS
24,000
10,926
9,981
14,019
42
N
1
125
REAL ESTATE EXCISE TAX 2
1,282,050
650,150
1,219,196
62,854
95
126
REAL ESTATE EXCISE TAX 1 1
1,285,240
647,413
1,211,916
73,324
94
127
GIFTS CATALOG FUND
103,930
44,582
39,696
64,234
38
O
130
CEMETERY MAINTENANCE/IMPROVEMT
179,800
71,936
124,765
55,035
69
Q-
N
136
PARKS TRUST FUND
2,200
1,871
3,131
(931)
142
2
137
CEMETERY MAINTENANCE TRUST FD
29,220
17,567
31,778
(2,558)
109
138
SISTER CITY COMMISSION
10,120
2,616
2,695
7,425
27
=
140
BUSINESS IMPROVEMENT DISTRICT
79,239
41,616
55,440
23,799
70
L
141
AFFORDABLE AND SUPPORTIVE HOUSINGFUND
65,000
32,334
32,633
32,367
50
L
a)
231
2012 LT GO DEBT SERVICE FUND
759,710
47,291
40,853
718,857
5
to
O
332
PARKS CAPITAL CONSTRUCTION FUND
1,392,520
576,652
403,147
989,373
29
T-
411
COMBINED UTILITY OPERATION
-
30,710
5,320
(5,320)
0
N
N
421
WATER UTILITY FUND
10,299,357
4,537,881
4,750,644
5,548,713
46
a)
c
422
STORM UTILITY FUND 2
6,265,225
2,975,121
3,518,958
2,746,267
56
423
SEWER/WWTP UTILITY FUND 3
31,130,450
6,682,837
11,905,781
19,224,669
38
d
d
424
BOND RESERVE FUND
1,985,870
616,549
600,422
1,385,448
30
E
511
EQUIPMENT RENTAL FUND
1,331,100
835,498
771,931
559,169
58
V
512
TECHNOLOGY RENTAL FUND
1,204,880
600,752
613,153
591,727
51
=
m
617
FIREMEN'S PENSION FUND
67,270
53,140
67,270
0
E
z
$ 105,475,123
$ 40,708,636
$ 56,260,373
$ 49,214,750
53
v
ca
1 2021 REET revenues are $1,089,466 higher than 2020 revenues.
2 Difference primarily due to a Grant reimbursement in January 2021, as well as 2021 storm rate increase of 5%
3 Differences primarily due to WWTP billings to their partners in January 2021.
1
Packet Pg. 5
I 2.1.a I
Page 1 of 1
C ITY O F EDMO NDS
EXPENDITURES BY FUND - SUMMARY
Fund
2021 Amended
6/30/2020
6/30/2021
Amount
No.
Title
Budget
Expenditures
Expenditures
Remaining
%Spent
001
GENERAL FUND
$ 45,978,718
$ 21,049,664
$ 21,115,256
$ 24,863,462
469
009
LEOFF-MEDICAL INS. RESERVE
467,140
152,182
146,122
321,018
310,
014
HISTORIC PRESERVATION GIFT FUND
5,900
-
-
5,900
04
016
BUILDING MAINTENANCE FUND
210,222
-
210,222
04
017
MARSH RESTORATION & PRESERVATION FUND
20,000
16,149
3,851
819 C
018
EDMONDS HOMELESSNESS RESPONSE FUND
123,581
123,581
-
1009 d
w
019
EDMONDS OPIOID RESPONSE FUND
28,445
-
28,445
-
1009
<0
104
DRUG ENFORCEMENT FUND
45,800
25,966
-
45,800
09 U
111
STREET FUND
2,187,430
1,128,111
1,105,696
1,081,734
519
112
COMBINED STREET CONST/IMPROVE
2,862,297
562,208
995,087
1,867,210
359 L+
117
MUNICIPAL ARTS ACQUIS. FUND
236,880
12,359
18,016
218,864
89
120
HOTEL/MOTEL TAX REVENUE FUND
87,150
29,348
24,303
62,847
289 R
7
121
EMPLOYEE PARKING PERMIT FUND
26,880
-
-
26,880
09 Cl
122
YOUTH SCHOLARSHIP FUND
3,000
450
-
3,000
09 NN
123
TOURISM PROMOTIONAL FUND/ARTS
29,900
2,223
-
29,900
04 �
125
REAL ESTATE EXCISE TAX 2
1,601,298
768,193
160,981
1,440,317
109 M
7
126
REAL ESTATE EXCISE TAX 1
2,053,911
955,798
439,724
1,614,187
219
127
GIFTS CATALOG FUND
100,900
38,848
32,879
68,021
330, p
sZ
130
CEMETERY MAINTENANCE/IMPROVEMT
200,998
77,496
117,703
83,295
599 !Y
136
PARKS TRUST FUND
50,000
-
-
50,000
09
137
CEMETERY MAINTENANCE TRUST FUND
25,000
-
25,000
09
ca
138
SISTER CITY COMMISSION
11,900
11
-
11,900
04
LL
140
BUSINESS IMPROVEMENT DISTRICT
76,340
33,697
20,636
55,704
279 >,
L
231
2012 LT GO DEBT SERVICE FUND
759,700
47,291
40,853
718,847
59 4)
332
PARKS CAPITAL CONSTRUCTION FUND
5,552,490
657,180
225,719
5,326,771
49
421
WATER UTILITYFUND
10,760,050
4,878,748
3,602,271
7,157,779
339
422
STORM UTILITY FUND
7,293,890
4,060,143
2,235,061
5,058,829
319 Np
N
423
SEWER/WWTP UTILITY FUND
40,492,284
5,674,797
12,080,851
28,411,433
309 N
C
424
BOND RESERVE FUND
1,985,870
616,542
600,417
1,385,453
309
511
EQUIPMENT RENTAL FUND
1,429,954
439,356
623,977
805,977
449
N
512
TECHNOLOGY RENTAL FUND
1,257,909
540,328
519,736
738,173
410, m
p
617
FIREMEN'S PENSION FUND
96,167
45,056
43,148
53,019
459
0
$ 126,062,004
$ 41,795,994
$ 44,316,612
$ 81,745,392
351 +;
2
Packet Pg. 6
2.1.a
Page 1 of 3
C ITY O F IDMO NDS
REVENUES - GENERAL FUND
2021 Amended 6/30/2020 6/30/2021 Amount
Title Budget Revenues Revenues Remaining %Received
TAXES:
1 REAL PERSONAL / PROPERTY TAX 4
2 EMS PROPERTY TAX 4
3 VOTED PROPERTY TAX
4 LOCAL RETAIL SALES/USE TAX 5
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
$ 10,936,400
$ 5,253,558
$ 5,748,063
$ 5,188,337
53%
4,137,031
2,051,232
2,266,601
1,870,430
55%
500
13
1
499
0%
8,600,000
3,761,924
4,797,214
3,802,786
56%
7,600
4,048
5,808
1,792
76%
828,500
372,180
449,520
378,980
54%
1,710,000
970,402
987,183
722,817
58%
595,000
430,775
453,419
141,581
76%
364,000
183,318
184,535
179,465
51%
1,153,000
415,329
418,145
734,855
36%
894,600
366,461
449,296
445,304
50%
471,900
210,737
264,818
207,082
56%
722,000
403,384
400,616
321,384
55%
723,000
361,422
274,873
448,127
38%
55,200
33,660
38,156
17,044
69%
350
367
143
207
41%
295,900
147,475
143,456
152,444
48%
31,4949981
14,966,286
16,881,848
14,6139133
54%
LICENSES AND PERMITS:
18
FIRE PERMITS -SPECIAL USE
250
315
400
(150)
160%
19
POLICE - FINGERPRINTING
700
80
-
700
0%
20
VENDING MACHINE/CONCESSION
50,000
915
17,560
32,440
35%
21
FRANCHISE AGREEMENT -COMCAST
702,700
343,270
335,040
367,660
48%
22
FRANCHISE FEE-EDUCATION/GOVERNMENT
41,000
20,271
19,150
21,850
47%
23
FRANCHISE AGREEMENT-ZIPLY FIBER
100,600
39,115
32,964
67,636
33%
24
OLYMPIC VIEW WATER DIST RICT FRANCHISE
434,000
174,817
186,343
247,657
43%
25
GENERAL BUSINESS LICENSE
201,000
115,594
121,077
79,923
60%
26
DEV SERV PERMIT SURCHARGE
58,700
33,265
43,550
15,150
74%
27
RIGHT OF WAY FRANCHISE FEE
30,000
-
14,440
15,560
48%
28
BUILDING STRUCTURE PERMITS
650,600
409,046
381,670
268,930
59%
29
ANIMAL LICENSES
22,000
8,089
8,388
13,612
38%
30
STREET AND CURB PERMIT
50,000
70,922
33,341
16,659
67%
31
OTRNON-BUSLICTERMITS
20,000
8,468
9,284
10,716
46%
2,361,550
1,224,166
1,203,207
1,158,343
51%
INTERGOVERNMENTAL:
32
DOCKSIDE DRILLS GRANT REIMBURSE
-
559
-
-
0%
33
DOJ 15-0404-0-1-754 - BULLET PROOF VEST
6,000
2,052
6,464
(464)
108%
34
TARGET ZERO TEAMS GRANT
4,000
-
-
4,000
0%
35
HIGH VISIBILITY ENFORCEMENT
7,100
-
916
6,184
13%
36
CORONAVIRUS RELIEF FUND 2
-
-
3,947
(3,947)
0%
37
WA STATE TRAFFIC COMM GRANT
-
-
3,448
(3,448)
0%
38
DOC FAC ROOFING
-
-
379,270
(379,270)
0%
39
WA STATE ART COMMISSION 2021-003-CD
-
-
6,000
(6,000)
0%
40
STATE GRANTS- BUDGET ONLY
198,000
-
-
198,000
0%
41
PUD PRIVILEDGE TAX
210,500
-
210,500
0%
42
ARCHIVES AND RECORDS MANAGEMENT
-
3,829
-
0%
43
SCHOOL ZONE
-
825
-
-
0%
44
CJ - POPULATION
13,070
6,393
6,757
6,313
52%
45
TRIAL COURT IMPROVEMENT
16,740
8,076
8,070
8,670
48%
46
CRIMINAL JUSTICE -SPECIAL PROGRAMS
45,600
22,946
24,120
21,480
53%
47
MARIJUANA EXCISE TAX DISTRIBUTION
60,000
32,974
35,791
24,209
60%
48
DUI - CITIES
4,500
2,766
3,335
1,165
74%
49
FIRE INS PREMIUM TAX
-
-
53,334
(53,334)
0%
50
LIQUOR EXCISE TAX
261,500
120,972
146,188
115,312
56%
51
LIQUOR BOARD PROFITS
343,200
169,254
167,820
175,380
49%
52
FIRST RESPONDERS FLEX FUND
2,000
3,057
-
2,000
0%
53
DISCOVERY PROGRAMS TECHNOLOGY ACQ.
550
-
-
550
0%
54
INTERLOCAL GRANTS
-
-
27,216
(27,216)
0%
55
VERDANT INTERLOCAL GRANTS
-
-
66,000
(66,000)
0%
1,172,760
373,701
938,675
234,085
80%
4 2021 Real Personal/Property Taxis $494,505 higher than 2020, and EMS Property Taxis $215,369 higher for total of $709,874.
5 2021 Local Retail Sa/es Use Tax revenues are $1,035,290 higher than 2020 revenues. Please also see pages pages 18 & 19.
O
C.
d
w
C
O
C
IL
L
d
R
7
Cl
T_
N
O
N
O
C
7
Packet Pg. 7 1
I 2.1.a I
Page 2 of 3
CITY OF EDMO NDS
REVENUES - GENERAL FUND
2021 Amended 6/30/2020
Title Budget Revenues
CHARGES FOR GOODS AND SERVICES:
1 RECORD/LEGAL INSTRUMENTS
2 ATM SURCHARGE FEES
3 CREDIT CARD FEES
4 COURT RECORD SERVICES
5 D/M COURT REC SER
6 DRE REIMBURSEABLE
7 WARRANT PREPARATION FEE
8 IT TIME PAY FEE
9 MUNIC.-DIST. COURT CURR EXPEN
10 SALE MAPS & BOOKS
11 CLERKS TIME FOR SALE OF PARKING PERMITS
12 BID SUPPLIES REIMBURSEMENT
13 PHOTOCOPIES
14 POLICE DISCLOSURE REQUESTS
15 ENGINEERING FEES AND CHARGES
16 ELECTION CANDIDATE FILINGFEES
17 CUSTODIAL SERVICES(SNO-ISLE)
18 PASSPORTS AND NATURALIZATION FEES
19 POLICE SERVICES SPECIAL EVENTS
20 CAMPUS SAFETY-EDM. SCH. DIST.
21 WOODWAY-LAW PROTECTION
22 MISCELLANEOUS POLICE SERVICES
23 FIRE DISTRICT #1 STATION BILLINGS
24 LEGAL SERVICES
25 ADULT PROBATION SERVICE CHARGE
26 BOOKING FEES
27 FIRE CONSTRUCTION INSPECTION FEES
28 EMERGENCY SERVICE FEES
29 EMS TRANSPORT USER FEE
30 FLEX FUEL PAYMENTS FROM STATIONS
31 ANIMAL CONTROL SHELTER
32 ZONING/SUBDIVISION FEE
33 PLAN CHECKING FEES
34 FIRE PLAN CHECK FEES
35 PLANNING 1 % INSPECTION FEE
36 S.E.P.A. REVIEW
37 CRITICAL AREA STUDY
38 GYM AND WEIGHTROOM FEES
39 PROGRAM FEES 6
40 TAXABLE RECREATION ACTIVITIES
41 WINTER MARKET REGISTRATION FEES
42 UP TOWN EVENING MARKET FEES
43 BIRD FEST REGISTRATION FEES
44 INTERFUND REIMBURSEMENT -CONTRACT SVCS
6/30/2021 Amount
Revenues Remaining % Received
$ 3,000 $
2,218 $
3,250
$ (250)
1080/(
600
37
59
541
100/(
11,000
3,973
2,813
8,188
260/(
150
7
2
148
10/(
300
47
-
300
00/c
-
235
168
(168)
00/(
4,000
2,161
98
3,902
20/(
1,000
382
340
660
340/(
50
13
90
(40)
1810/( d
100
9
-
100
00/( w
25,100
-
-
25,100
00/(
600
-
-
600
00/c .v
1,000
373
165
835
160/(
500
-
-
500
00/c
200,000
156,560
133,491
66,509
670/( M
1,400
-
-
1,400
0% >+
85,000
47,873
35,542
49,458
420/( d
10,000
5,795
-
10,000
00/(
30,000
-
-
30,000
00/(
76,800
36,753
-
76,800
0% CY
195,000
99,430
153,619
41,381
790/( N
-
21
-
-
00/( o
57,000
34,273
33,108
23,892
580/(
1,050
325
309
741
290/(
38,000
19,272
17,331
20,669
460/(
3,000
1,448
599
2,401
200/, "
10,000
12,579
13,522
(3,522)
1350/(
3,500
1,870
1,355
2,145
390/( Q.
1,007,500
504,820
465,101
542,399
460/(
2,500
1,551
1,727
773
690/(
50
-
-
50
00/( v
65,600
44,400
56,253
9,348
861/1( C
350,900
147,519
268,787
82,113
770/(
4,000
12,126
7,735
(3,735)
193% ji
500
-
158
342
320/(
3,000
1,480
2,960
40
990/(
14,000
9,212
8,800
5,200
630/(
15,500
3,083
-
15,500
00/,
900,662
93,767
272,442
628,220
300/(
1,300
-
-
1,300
00/( N
5,000
1,110
2,820
2,180
560/( N
-
-
1,060
(1,060)
00/( y
800
-
-
800
0°/ r-
2,892,106
1,402,370
1,697,495
1,194,611
590/( n
6,021,568 2,647,090 3,181,196 2,840,372 53% 4
6 2021 Parks & Recreation Program Revenues are $178,675 higher than 2020 revenues.
4
Packet Pg. 8 1
2.1.a
Page 3 of 3
CITY OF EDMO NDS
REVENUES - GENERAL FUND
2021 Amended 6/30/2020 6/30/2021 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 SP ACETACILIT IES 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 JUDGMENTSIRESTITUTION
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 NSF FEES - DEVEL SERV DEPT
48 US BANK REBATE
TRANSFERS -IN:
49 OPERATING TRANSFER -IN
50 INTERFUND TRANSFER FROM FUND 018
51 TRANSFER FROM FUND 127
$ 2,000 $
536 $
1,521 $
479
760/(
230,000
57,355
104,405
125,595
450/(
18,000
6,589
6,036
11,964
340/(
10,000
4,861
7,884
2,116
790/(
1,000
200
203
797
200/(
1,500
503
913
587
610/(
100,000
39,103
31,322
68,678
310/(
2,000
405
250
1,750
130/(
7,000
4,812
3,996
3,004
570/(
300
125
73
227
240/(
100
33
59
41
590/(
1,500
1,160
1,034
466
690/(
25,000
10,751
9,044
15,956
360/(
2,000
1,102
1,098
902
5501(
700
265
53
647
80/(
100
37
12
88
120/(
10,000
5,120
764
9,236
80/(
800
473
115
685
140/(
1,000
457
130
870
130/(
200
82
64
136
320/(
8,000
4,102
3,112
4,888
390/(
14,000
4,441
4,598
9,402
330/(
3,000
1,069
1,047
1,953
350/(
10,100
-
-
10,100
00/(
150
-
187
(37)
1250/(
448,450
143,579
177,919
270,531
405/,
155,090
130,726
167,505
(12,415)
1080/(
9,980
8,925
4,169
5,811
420/(
3,400
4,246
4,784
(1,384)
1410/(
153,000
19,641
31,377
121,623
210/(
2,100
380
-
2,100
00/(
205,000
75,559
96,605
108,395
470/(
2,500
160
-
2,500
0°/
3,500
920
-
3,500
0°/
2,000
535
500
1,500
250/(
5,000
100
3,503
1,497
700/(
300
-
130
170
430/(
3,000
-
3,340
(340)
1110/(
2,000
-
-
2,000
00/(
2,000
1,344
102
1,898
501(
200
208
50
150
250/(
-
16
19
(19)
00/c
5,000
6,611
4,722
278
940/(
100
18
49
51
490/(
100
-
30
70
300/(
-
-
30
(30)
00/c
150
107
150
00/(
-
30
-
-
00/(
8,500
5,754
7,079
1,421
830/(
562,920
255,281
323,994
238,926
580%
238,667
- 28,445
210,222
120/(
123,581
- 123,581
0
1000/(
26,300
17,900 13,150
13,150
5001(
388,548
17,900 165,176
223,372
430%
TOTAL GENERAL FUND REVENUE $ 42,450,777 $ 19,628,003 $ 22,872,014 $ 19,578,763 540%
5
Packet Pg. 9
I 2.1.a I
Page 1 of 6
CITY OF EDMONDS
EXPENDITURES BY FUND - DETAIL
2021 Amended
6/30/2020
6/30/2021
Amount
Title
Budget
Expenditures
Expenditures
Remaining
%Spent
GENERAL FUND EXPENDITURES (001)
1 SALARIES AND WAGES
$ 17,545,152
$ 8,216,712
$ 8,528,330
$ 9,016,822
49
2 OVERTIME
491,580
271,204
284,859
206,721
58
3 HOLIDAY BUY BACK
281,329
1,450
3,558
277,771
1
4 BENEFITS
6,780,322
3,142,267
3,202,942
3,577,380
47
5 UNIFORMS
89,151
58,130
34,831
54,320
39
6 SUPPLIES
401,115
239,376
210,207
190,908
52
7 FUEL CONSUMED
-
-
17
(17)
0
8 SMALL EQUIPMENT
108,603
57,597
81,188
27,415
75
9 PROFESSIONAL SERVICES
15,037,824
6,290,476
6,395,092
8,642,732
43
10 COMMUNICATIONS
160,995
72,064
80,818
80,177
50
11 TRAVEL
68,760
5,065
11,152
57,608
16
12 EXCISE TAXES
6,500
5,244
10,686
(4,186)
164
13 RENTAL/LEASE
1,574,465
901,636
759,238
815,227
48
14 INSURANCE
403,973
393,746
405,121
(1,148)
100
15 UTILITIES
536,762
231,236
247,810
288,952
46
16 REPAIRS & MAINTENANCE
917,742
339,062
264,722
653,020
29
17 MISCELLANEOUS
507,715
222,030
249,653
258,062
49
18 INTERGOVERNMENTAL PAYMENTS
50,000
75,000
50,000
-
100
19 INTERFUND SUBSIDIES
932,880
449,033
234,945
697,935
25
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
69,285
60,087
(54,387)
1054
45,978,718
21,049,664
21,115,256
24,863,462
46
LEOFF-MEDICAL INS. RESERVE(009)
24 BENEFITS
$ 206,650 $
94,966
$ 89,347
$ 117,303
43
25 PENSION AND DISABILITY PAYMENTS
252,990
51,424
56,775
196,215
22
26 PROFESSIONAL SERVICES
7,000
5,793
-
7,000
0
27 MISCELLANEOUS
500
-
-
500
0
467,140
152,182
146,122
321,018
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 INTERFUND SUBSIDIES
$ 123,581
$
- $
123,581
$
0
100
123,581
-
123,581
0
100
EDMONDS OPIOID RESPONSEFUND (019)
34 INTERFUND SUBSIDIES
$ 28,445
$
- $
28,445
$
-
100
28,445
-
28,445
-
100
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
6
Packet Pg. 10
I 2.1.a I
Page 2 of 6
CITY OF EDMO NDS
EXPENDITURES BY FUND - DETAIL
2021 Amended
6/30/2020
6/30/2021
Amount
Title
Budget
Expenditures
Expenditures
Remaining
%Spent
STREETFUND (111)
1 SALARIES AND WAGES
$ 728,690
$ 334,182
$ 372,872
$ 355,818
51
2 OVERTIME
18,400
22,058
21,363
(2,963)
116
3 BENEFITS
381,336
161,035
183,700
197,636
48
4 UNIFORMS
6,000
3,781
5,432
568
91
5 SUPPLIES
263,000
97,720
100,566
162,434
38
6 SMALL EQUIPMENT
20,000
684
770
19,230
4
7 PROFESSIONAL SERVICES
23,210
1,246
5,572
17,638
24
8 COMMUNICATIONS
4,500
4,237
3,015
1,485
67
9 TRAVEL
1,000
-
-
1,000
0
10 RENTAL/LEASE
247,270
114,398
122,800
124,470
50
11 INSURANCE
148,436
156,937
148,533
(97)
100
12 UTILITIES
280,918
130,919
120,183
160,735
43
13 REPAIRS&MAINTENANCE
52,000
22,160
10,114
41,886
19
14 MISCELLANEOUS
8,000
2,841
10,557
(2,557)
132
15 MACHINERY/EQUIPMENT
-
75,658
-
-
0
16 GENERAL OBLIGATION BOND PRINCIPAL
4,220
-
-
4,220
0
17 INTEREST
450
255
220
230
49
$
2,187,430
$
1,128,111
$ 1,105,696
$ 1,081,734
51
COMBINED STREETCONST/IMPROVE(112)
18 PROFESSIONAL SERVICES
$
1,581,847
$
97,132
$ 520,208
$ 1,061,639
33
19 REPAIR & MAINTENANCE
103,670
170,234
947
102,723
1
20 MISCELLANEOUS
-
8
-
-
0
21 INTERFUND SUBSIDIES
114,950
40,121
39,925
75,025
35
22 LAND
33,000
-
(842)
33,842
-3
23 CONSTRUCTION PROJECTS
955,000
180,559
361,056
593,944
38
24 INTERGOVERNMENTAL LOANS
72,220
72,201
72,201
19
100
25 INTEREST
1,610
1,952
1,591
19
99
$
2,862,297
$
562,208
$ 995,087
$ 1,867,210
35
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
16,253
205,247
7
29 TRAVEL
80
-
-
80
0
30 RENTAL/LEASE
2,000
-
2,000
0
31 REPAIRS & MAINTENANCE
300
-
-
300
0
32 MISCELLANEOUS
6,600
1,461
1,498
5,102
23
$
236,880
$
12,359
$ 18,016
$ 218,864
8
HO TEL/MO TEL TAX REVENUE FUND (120)
33 PROFESSIONAL SERVICES
$
83,150
$
26,848
$ 22,303
$ 60,847
27
34 MISCELLANEOUS
-
500
-
-
0
35 INTERFUND SUBSIDIES
4,000
2,000
2,000
2,000
50
$
87,150
$
29,348
$ 24,303
$ 62,847
28
EMPLO YEE PARI(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
$
450
$
$ 3,000
0
$
3,000
$
450
$
$ 3,000
0
TO URISM PRO MO TIO NAL FUND/ARTS (123)
39 PROFESSIONAL SERVICES
$
29,900
$
2,223
$
$ 29,900
0
$
29,900
$
2,223
$
$ 29,900
0
O
lZ
d
lY
<0
c
ca
C
IL
d
1=
R
7
Cl
F
N
0
N
O
C
7
7
Packet Pg. 11
I 2.1.a I
Page 3 of 6
C ITY OF EDMO NDS
EXPENDITURES BY FUND - DETAIL
2021 Amended
6/30/2020
6/30/2021
Amount
Title
Budget
Expenditures
Expenditures
Remaining
%Spent
REAL ESTATE EXCISE TAX (125)
1 SUPPLIES
$ 121,000
$ 13,815
$ 28,636
$ 92,364
24
2 PROFESSIONAL SERVICES
195,626
153,982
73,961
121,665
38
3 REPAIRS & MAINTENANCE
105,000
202,361
12,991
92,009
12
4 INTERFUND SUBSIDIES
190
-
-
190
0
5 CONSTRUCTION PROJECTS
1,179,482
398,035
45,393
1,134,089
4
$ 1,601,298
$ 768,193
$ 160,981
$ 1,440,317
10
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 (23 1)
37 GENERAL OBLIGATION BOND
38 INTEREST
$ 573,234 $
482,771 $
190,410 $
382,824
33
97,050
171,880
14,850
82,200
15
138,910
12,963
11,863
127,048
9
983,137
286,700
221,320
761,817
23
144,530
-
-
144,530
0
117,050
1,484
1,282
115,768
1
$ 2,053,911 $
955,798 $
439,724 $
1,614,187
21
$ 67,500 $
20,780 $ 19,729 $
47,771
29
6,500
- -
6,500
0
600
168 -
600
0
26,300
17,900 13,150
13,150
50
$ 100,900 $
38,848 $ 32,879 $
68,021
33
$ 95,824 $
40,909 $
47,668 $
48,156
50
3,500
176
249
3,251
7
40,472
18,274
19,876
20,596
49
1,000
-
-
1,000
0
7,000
405
485
6,515
7
20,000
8,306
15,766
4,234
79
4,200
-
800
3,400
19
1,700
840
842
858
50
500
-
-
500
0
16,650
4,115
8,325
8,325
50
5,652
2,146
1,915
3,737
34
500
-
19,211
(18,711)
3842
4,000
2,325
2,567
1,433
64
$ 200,998 $
77,496 $
117,703 $
83,295
59
$ 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 $
372 $
1,678 18
70,035
24,169
19,274
50,761 28
4,255
90
990
3,265 23
76,340
33,697
20,636
55,704 27
$ 677,990 $ - $ - $ 677,990 0
81,710 47,291 40,853 40,857 50
$ 759,700 $ 47,291 $ 40,853 $ 718,847 5
8
Packet Pg. 12
I 2.1.a I
Page 4 of 6
CITY OF EDMO NDS
EXPENDITURES BY FUND - DETAIL
2021 Amended
6/30/2020
6/30/2021
Amount
Title
Budget
Expenditures
Expenditures
Remaining
%Spent
PARKS CONSTRUCTION FUND (332)
1 PROFESSIONAL SERVICES
$ 113,453
$ 196,504
$ 121,636
$ (8,183)
107
2 INTERFUND SUBSIDIES
44,000
-
-
44,000
0
3 CONSTRUCTION PROJECTS
5,395,037
460,676
104,083
5,290,954
2
$ 5,552,490
$ 657,180
$ 225,719
$ 5,326,771
4
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 $
402,240 $
335,349 $
458,126
42
24,000
9,575
10,395
13,605
43
328,865
161,964
144,025
184,840
44
4,000
2,343
2,691
1,309
67
150,000
51,533
39,524
110,476
26
2,170,000
817,594
574,330
1,595,670
26
170,000
89,435
110,579
59,421
65
11,000
4,940
3,917
7,083
36
1,558,701
611,538
1,117,586
441,115
72
30,000
14,942
13,920
16,080
46
200
-
-
200
0
1,649,700
626,900
642,514
1,007,186
39
124,630
65,271
61,436
63,194
49
97,844
52,541
98,196
(352)
100
35,775
14,686
15,055
20,720
42
258,130
19,039
11,030
247,100
4
123,600
74,573
91,901
31,699
74
644,130
204,067
198,136
445,994
31
1,976,050
1,523,822
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
105,907
98,336
97,834
50
$ 10,760,050 $
4,878,748 $
3,602,271 $
7,157,779
33
$ 723,700 $
304,908 $
348,704 $
374,996
48
6,000
7,892
13,945
(7,945)
232
318,735
143,019
153,422
165,313
48
6,500
5,369
4,555
1,945
70
46,000
14,419
22,686
23,314
49
4,000
684
304
3,696
8
2,728,016
865,877
801,072
1,926,944
29
3,200
3,230
2,634
566
82
4,300
-
150
4,150
3
470,100
249,247
308,155
161,945
66
267,778
136,841
132,220
135,558
49
66,216
116,576
66,228
(12)
100
11,025
6,061
7,047
3,978
64
64,130
13,181
19,629
44,501
31
255,300
84,291
133,058
122,242
52
281,810
78,897
76,327
205,483
27
1,581,000
1,915,305
32,679
1,548,321
2
103,340
-
-
103,340
0
188,240
-
-
188,240
0
53,590
53,576
53,576
14
100
110,910
60,769
58,672
52,238
53
$ 7,293,890 $
4,060,143 $
2,235,061 $
5,058,829
31
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I 2.1.a I
Page 5 of 6
CITY OF EOMO NDS
EXPENDITURES BY FUND - DETAIL
2021 Amended
6/30/2020
6/30/2021
Amount
Title
Budget
Expenditures
Expenditures
Remaining
%Spent
SEWER FUND (423)
1 SALARIES AND WAGES
$ 2,027,508
$ 973,322
$ 879,906
$ 1,147,602
43
2 OVERTIME
95,000
49,928
65,078
29,922
69
3 BENEFITS
871,564
417,447
391,443
480,121
45
4 UNIFORMS
8,500
6,645
8,011
489
94
5 SUPPLIES
404,000
175,318
208,428
195,572
52
6 FUEL CONSUMED
30,000
10,335
50,107
(20,107)
167
7 SUPPLIES PURCHASED FOR INV OR RESALE
4,000
-
-
4,000
0
8 SMALL EQUIPMENT
35,000
20,089
74,469
(39,469)
213
9 PROFESSIONAL SERVICES
2,141,848
1,314,151
2,198,972
(57,124)
103
10 COMMUNICATIONS
43,000
21,087
19,849
23,151
46
11 TRAVEL
5,000
-
1,919
3,081
38
12 EXCISE TAXES
968,000
459,832
548,220
419,780
57
13 RENTAL/LEASE
329,898
167,514
189,365
140,533
57
14 INSURANCE
160,967
174,140
162,851
(1,884)
101
15 UTILITIES
1,979,985
420,944
659,985
1,320,000
33
16 REPAIR & MAINTENANCE
520,630
123,903
217,087
303,543
42
17 MISCELLANEOUS
129,350
48,123
72,232
57,118
56
18 INTERFUND SUBSIDIES
10,180,936
76,610
1,953,015
8,227,921
19
19 MACHINERY/EQUIPMENT
-
445,070
-
-
0
20 CONSTRUCTION PROJECTS
19,756,808
576,192
4,018,210
15,738,598
20
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
33,421
199,266
183,394
52
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
$ 5,674,797
$ 12,080,851
$ 28,411,433
30
BOND RESERVEFUND (424)
27 REVENUE BONDS $ 785,020 $ - $ - $ 785,020 0
28 INTEREST 1,200,850 616,542 600,417 600,433 50
$ 1,985,870 $ 616,542 $ 600,417 $ 1,385,453 30
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I 2.1.a I
Page 6 of 6
CITY OF EDMO NDS
EXPENDITURES BY FUND - DETAIL
2021 Amended
6/30/2020
6/30/2021
Amount
Title
Budget
Expenditures
Expenditures
Remaining
%Spent
EQUIPMENTRENTAL FUND (511)
1 SALARIES AND WAGES
$ 272,384
$ 137,363
$ 136,488
$ 135,896
50
2 OVERTIME
2,000
824
1,573
427
79
3 BENEFITS
116,481
57,102
57,574
58,907
49
4 UNIFORMS
1,000
797
1,022
(22)
102
5 SUPPLIES
120,000
38,053
31,054
88,946
26
6 FUEL CONSUMED
1,000
-
-
1,000
0
7 SUPPLIES PURCHASED FOR INVENTORY/RESALE
258,000
73,955
101,031
156,969
39
8 SMALL EQUIPMENT
58,000
279
5,979
52,021
10
9 PROFESSIONAL SERVICES
46,750
1,750
684
46,066
1
10 COMMUNICATIONS
3,000
1,182
1,095
1,905
37
11 TRAVEL
1,000
-
-
1,000
0
12 RENTAL/LEASE
12,790
6,115
6,198
6,592
48
13 INSURANCE
40,910
40,270
39,334
1,576
96
14 UTILITIES
14,500
8,231
8,983
5,517
62
15 REPAIRS&MAINTENANCE
60,000
24,237
8,734
51,266
15
16 MISCELLANEOUS
12,000
7,225
7,723
4,277
64
17 MACHINERY/EQUIPMENT
410,139
41,970
216,503
193,636
53
$ 1,429,954
$ 439,356
$ 623,977
$ 805,977
44
TECHNOLOGY RENTAL FUND (512)
18 SALARIES AND WAGES
$
379,162
$
139,912
$
154,630
$
224,532
41
19 OVERTIME
2,000
-
1,583
417
79
20 BENEFITS
127,657
47,519
52,627
75,030
41
21 SUPPLIES
5,000
1,443
3,012
1,988
60
22 SMALL EQUIPMENT
141,300
38,941
10,575
130,725
7
23 PROFESSIONAL SERVICES
171,460
47,998
20,352
151,108
12
24 COMMUNICATIONS
58,770
35,795
39,408
19,362
67
25 TRAVEL
1,500
207
-
1,500
0
26 RENTAL/LEASE
7,400
2,245
2,200
5,200
30
27 REPAIRS & MAINTENANCE
302,660
216,004
234,196
68,464
77
28 MISCELLANEOUS
5,000
10,264
1,153
3,847
23
29 MACHINERY/EQUIPMENT
56,000
-
-
56,000
0
$
1,257,909
$
540,328
$
519,736
$
738,173
41
FIR]IVIEN'S PENSION FUND (617)
31 BENEFITS
$
24,560
$
12,834
$
12,911
$
11,649
53
32 PENSION AND DISABILITY PAYMENTS
70,407
31,215
30,237
40,170
43
33 PROFESSIONAL SERVICES
1,200
1,007
-
1,200
0
$
96,167
$
45,056
$
43,148
$
53,019
45
TOTAL EXPENDITURE ALL FUNDS
$
126,062,004
$
41,795,994
$
44,316,612
$
81,745,392
35
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Packet Pg. 15
Page 1 of 1
CITY OF EDMO NDS
EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN SUMMARY
2021 Amended 6/30/2020 6/30/2021 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
%Spent
$ 432,478 $
160,080 $
164,613 $
267,865
38%
345,501
169,276
166,677
178,824
48%
837,176
335,262
368,323
468,853
44%
1,166,183
507,527
535,746
630,437
46%
757,055
378,904
351,029
406,026
46%
d
1,118,378
795,796
625,371
493,007
56%
936,480
431,895
404,226
532,255
43%
c
12,881,593
6,488,886
6,412,264
6,469,329
50%
LL
12,217,071
5,628,905
5,731,600
6,485,471
47%
i
624,198
258,279
263,632
360,566
42%
d
3,585,738
1,370,746
1,471,283
2,114,455
41%
CY
599,402
-
27,733
571,669
5%
N
4,729,281
1,756,039
2,002,869
2,726,412
42%
0
�
C
3,305,285
1,592,543
1,600,266
1,705,019
48%
zi
2,442,899
1,175,527
989,625
1,453,274
41%
r_
$ 45,978,718 $
21,049,664 $
21,115,256 $
24,863,462
46%
Q.
m
C ITY OF EDMO NDS
EXPENDITURES - UTILITY- BY FUND IN SUMMARY
Title
2021 Amended
Budget
6/30/2020
Expenditures
6/30/2021
Expenditures
Amount
Remaining
%Spent
WATER UTILITY FUND
$ 10,760,050
$ 4,878,748
$ 3,602,271
$ 7,157,779
33%
STORM UTILITY FUND
7,293,890
4,060,143
2,235,061
5,058,829
31%
SEWER/WWTP UTILITY FUND
40,492,284
5,674,797
12,080,851
28,411,433
30%
BOND RESERVE FUND
1,985,870
616,542
600,417
1,385,453
30%
$ 60,532,094
$ 15,230,229
$ 18,518,601
$ 42,013,493
31%
12
Packet Pg. 16
Page 1 of 4
C ITY OF EDMO NDS
EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DETAIL
Title
2021 Amended
Budget
6/30/2020
Expenditures
6/30/2021
Expenditures
Amount
Remaining
%Spent
CITY COUNCIL
SALARIES
$
199,052
$
94,397
$
100,010
$
99,042
50%
OVERTIME
1,000
-
-
1,000
0%
BENEFITS
118,713
49,012
52,262
66,451
44%
SUPPLIES
2,000
1,484
549
1,451
27%
SMALL EQUIPMENT
-
-
1,159
(1,159)
0%
PROFESSIONAL SERVICES
62,160
3,377
-
62,160
0%
COMMUNICATIONS
3,000
4,372
4,034
(1,034)
134%
TRAVEL
6,700
587
-
6,700
0%
RENTAL/LEASE
12,368
6,160
6,163
6,205
50%
REPAIRS✓MAINTENANCE
500
645
-
500
0%
MISCELLANEOUS
26,985
48
435
26,550
2%
$
432,478
$
160,080
$
164,613
$
267,865
38%
OFFICEOFMAYOR
SALARIES
$
229,512
$
112,214
$
114,747
$
114,765
50%
BENEFITS
85,243
43,096
42,250
42,993
50%
SUPPLIES
1,500
539
246
1,254
16%
SMALL EQUIPMENT
-
4,199
65
(65)
0%
PROFESSIONAL SERVICES
3,000
420
237
2,763
8%
COMMUNICATION
1,400
614
678
722
48%
TRAVEL
3,000
153
-
3,000
0%
RENTAL/LEASE
17,396
7,929
8,191
9,205
47%
MISCELLANEOUS
4,450
113
262
4,188
6%
$
345,501
$
169,276
$
166,677
$
178,824
48%
HUMAN RESOURCES
SALARIES
$
387,048
$
184,123
$
200,848
$
186,200
52%
OVERTIME
-
1,012
911
(911)
0%
BENEFITS
154,430
72,443
76,531
77,899
50%
SUPPLIES
13,300
3,334
697
12,603
5%
SMALL EQUIPMENT
300
893
198
102
66%
PROFESSIONAL SERVICES
205,000
28,951
45,818
159,182
22%
COMMUNICATIONS
1,550
737
704
846
45%
TRAVEL
1,500
500
-
1,500
0%
RENTAL/LEASE
36,102
15,318
16,901
19,201
47%
REPAIR/MAINTENANCE
8,380
7,832
8,067
313
96%
MISCELLANEOUS
29,566
20,120
17,648
11,918
60%
$
837,176
$
335,262
$
368,323
$
468,853
44%
MUNIC ]PAL C O URT
SALARIES
$
651,167
$
315,034
$
321,304
$
329,863
49%
OVERTIME
800
70
16,304
(15,504)
2038%
BENEFITS
243,859
117,462
113,230
130,629
46%
SUPPLIES
10,600
2,545
3,065
7,535
29%
SMALL EQUIPMENT
1,000
-
-
1,000
0%
PROFESSIONAL SERVICES
124,925
27,342
31,866
93,059
26%
COMMUNICATIONS
3,550
1,100
1,756
1,794
49%
TRAVEL
6,500
37
1,035
5,465
16%
RENTAL/LEASE
70,682
34,323
35,277
35,405
50%
REPAIR/MAINTENANCE
4,880
645
-
4,880
0%
MISCELLANEOUS
25,100
8,970
11,910
13,190
47%
MACHINERY/EQUIPMENT
23,120
23,120
0%
$
1,166,183
$
507,527
$
535,746
$
630,437
46%
13
Packet Pg. 17 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
6/30/2020
6/30/2021
Amount
Title
Budget
Expenditures
Expenditures
Remaining
%Spent
CITY CLERK
SALARIES AND WAGES
$ 397,226
$ 204,825
$ 166,661
$ 230,565
42%
BENEFITS
169,669
82,450
67,480
102,189
40%
SUPPLIES
7,000
2,412
781
6,219
11%
SMALL EQUIPMENT
-
1,003
-
-
0%
PROFESSIONAL SERVICES
34,200
12,548
19,507
14,693
57%
COMMUNICATIONS
33,000
4,100
22,023
10,977
67%
TRAVEL
1,980
6
-
1,980
0%
RENTAL/LEASE
55,980
26,396
24,134
31,846
43%
REPAIRS & MAINTENANCE
48,000
41,791
47,028
972
98%
MISCELLANEOUS
10,000
3,372
3,415
6,585
34%
$ 757,055
$ 378,904
$ 351,029
$ 406,026
46%
FINANCE
SALARIES
$
743,908
$
571,613
$
405,027
$
338,881
54%
OVERTIME
4,500
-
-
4,500
0%
BENEFITS
240,564
145,316
135,401
105,163
56%
SUPPLIES
7,350
2,371
1,580
5,770
22%
SMALL EQUIPMENT
2,650
-
557
2,093
21%
PROFESSIONAL SERVICES
9,300
56
109
9,191
1%
COMMUNICATIONS
2,000
422
362
1,639
18%
TRAVEL
3,100
-
-
3,100
0%
RENTAL/LEASE
55,176
29,485
31,253
23,923
57%
REPAIR/MAINTENANCE
41,480
43,963
45,479
(3,999)
110%
MISCELLANEOUS
8,350
2,571
5,603
2,747
67%
$
1,118,378
$
795,796
$
625,371
$
493,007
56%
CITY ATPO RNEY
PROFESSIONAL SERVICES
$
936,480
$
431,895
$
404,226
$
532,255
43%
$
936,480
$
431,895
$
404,226
$
532,255
43%
NON -DEPARTMENTAL
SALARIES
$
101,750
$
-
$
-
$
101,750
0%
BENEFITS -UNEMPLOYMENT
50,000
335
24,849
25,151
50%
SUPPLIES
5,000
3,818
1,152
3,848
23%
PROFESSIONAL SERVICES
11,168,050
5,402,245
5,540,114
5,627,936
50%
EXCISE TAXES
6,500
5,244
10,686
(4,186)
164%
RENTAL/LEASE
6,366
8,048
2,354
4,012
37%
INSURANCE
403,973
393,746
405,121
(1,148)
100%
MISCELLANEOUS
96,344
82,133
82,956
13,388
86%
CONTRIBUTION TO ECA
50,000
75,000
50,000
-
100%
INTERFUND SUBSIDIES
932,880
449,033
234,945
697,935
25%
GENERAL OBLIGATION BOND
54,530
-
-
54,530
0%
INTEREST ON LONG-TERM DEBT
5,700
69,285
60,087
(54,387)
1054%
FISCAL AGENT FEES
500
-
-
500
0%
$
12,881,593
$
6,488,886
$
6,412,264
$
6,469,329
50%
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Page 3 of 4
CITY OF EDMO NDS
EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DETAIL
2021 Amended
6/30/2020
6/30/2021
Amount
Title
Budget
Expenditures
Expenditures
Remaining
%Spent
POLICE SERVICES
SALARIES
$ 7,406,813
$ 3,363,209
$ 3,563,954
$ 3,842,859
48%
OVERTIME
461,280
250,881
257,604
203,676
56%
HOLIDAY BUYBACK
281,329
1,450
3,558
277,771
1%
BENEFITS
2,900,495
1,340,247
1,324,616
1,575,879
46%
UNIFORMS
78,926
42,547
29,516
49,410
37%
SUPPLIES
90,500
54,286
59,742
30,758
66%
FUEL CONSUMED
-
-
17
(17)
0%
SMALL EQUIPMENT
78,953
42,668
61,061
17,892
77%
C.
PROFESSIONAL SERVICES
126,220
85,088
49,711
76,509
39%
d
COMMUNICATIONS
36,000
21,541
19,678
16,322
55%
TRAVEL
29,310
2,393
10,117
19,193
35%
RENTAL/LEASE
651,715
409,476
323,905
327,810
50%
REPAIR/MAINTENANCE
15,180
2,123
3,398
11,782
22%
r-
MISCELLANEOUS
60,350
12,995
24,723
35,627
41%
LZ
COMMUNITY S ERVIC ES /EC O N DEV.
SALARIES
OVERTIME
BENEFITS
SUPPLIES
SMALL EQUIPMENT
PROFESSIONAL SERVICES
COMMUNICATIONS
TRAVEL
RENT AL/LEASE
REP AIR/MAINTENANCE
MISCELLANEOUS
DEVELOPMENT SERVICES/PLANNING
SALARIES
OVERTIME
BENEFIT S
UNIFORMS
SUPPLIES
SMALL EQUIPMENT
PROFESSIONAL SERVICES
COMMUNICATIONS
TRAVEL
RENT AL/LEASE
REPAIRS & MAINTENANCE
MISCELLANEOUS
MACHINERY/EQUIPMENT
ENGINEERING
SALARIES
OVERTIME
BENEFITS
UNIFORMS
SMALL EQUIPMENT
PROFESSIONAL SERVICES
COMMUNICATIONS
TRAVEL
RENT AL/LEASE
REPAIR/MAINTENANCE
MISCELLANEOUS
$ 12,217,071 $
5,628,905 $
5,731,600 $
6,485,471
47%
i
d
$ 312,977 $
153,842 $
146,764 $
166,213
47%
c6
-
-
-
-
0%
CY
91,455
45,035
44,843
46,612
49%
2,275
6,706
111
2,164
5%
C
800
3,321
-
800
0%
N
170,400
37,935
56,155
114,245
33%
C
3,175
918
1,099
2,076
35%
2,000
1,020
-
2,000
0%
...
21,116
5,900
9,719
11,397
46%'
10,500
-
-
10,500
0%
0
9,500
3,603
4,941
4,559
52%
$ 624,198 $
258,279 $
263,632 $
360,566
42%
_
$ 1,846,548 $
857,244 $
939,600 $
906,948
51%
1,300
12,231
42
1,258
3%
684,621
312,785
326,942
357,679
48%
500
-
-
500
0%
12,100
4,601
2,630
9,470
22%
7,300
1,374
658
6,642
9%
825,499
70,230
94,420
731,079
11%
9,000
5,426
6,049
2,951
67%
7,300
228
-
7,300
0%
135,710
85,133
66,291
69,419
49%
6,800
-
643
6,157
9%
49,060
21,493
34,010
15,050
69%
-
-
-
-
0%
$ 3,585,738 $
1,370,746 $
1,471,283 $
2,114,455
41%
$ 1,786,020 $
870,683 $
881,570 $
904,450
49%
5,000
2,081
1,666
3,334
33%
735,787
351,025
354,367
381,420
48%
450
-
-
450
0%
2,200
868
795
1,405
36%
13,840
1,530
-
13,840
0%
19,600
8,285
7,422
12,178
38%
600
92
-
600
0%
146,935
66,051
70,356
76,579
48%
2,600
458
68
2,532
3%
80,000
34,538
29,996
50,004
37%
$ 2,793,032 $
1,335,611 $
1,346,241 $
1,446,791
48%
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Packet Pg. 19
I 2.1.a I
Page 4 of 4
C ITY O F EDMO NDS
EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DETAIL
2021 Amended 6/30/2020
6/30/2021
Amount
Title
Budget Expenditures
Expenditures
Remaining
% Spent
HUMAN SERVICES PROGRAM
SALARIES
$ 79,510 $ -
$ 21,791 $
57,719
27%
OVERTIME
- -
581
(581)
0%
BENEFITS
18,392 -
5,110
13,282
28%
SUPPLIES
1,000 -
-
1,000
0%
SMALL EQUIPMENT
500 -
-
500
0%
PROFESSIONAL SERVICES
500,000 -
-
500,000
0%
COMMUNICATIONS
- -
251
(251)
0%
599,402 -
27,733
571,669
5%
PARKS & REC REATIO N
SALARIES
$
2,319,689
$
946,122
$
1,136,722
$
1,182,967
49%
OVERTIME
10,000
2,006
3,071
6,929
31%
BENEFITS
822,471
360,897
416,743
405,728
51%
UNIFORMS
6,275
2,406
1,820
4,455
29%
SUPPLIES
127,890
82,784
78,615
49,275
61%
SMALL EQUIPMENT
10,900
2,190
8,984
1,916
82%
PROFESSIONAL SERVICES
785,550
87,652
119,507
666,043
15%
COMMUNICATIONS
31,370
12,342
5,098
26,272
16%
TRAVEL
5,270
50
-
5,270
0%
RENTAL/LEASE
251,549
133,929
111,152
140,397
44%
PUBLIC UTILITY
230,507
70,436
88,948
141,559
39%
REPAIR/MAINTENANCE
29,700
16,593
-
29,700
0%
MISCELLANEOUS
98,110
29,579
32,209
65,901
33%
MACHINERY/EQUIPMENT
-
9,053
-
-
0%
$
4,729,281
$
1,756,039
$
2,002,869
$
2,726,412
42%
PUBLIC WORKS ADMINIS TRATIO N
SALARIES
$
299,962
$
150,156
$
149,786
$
150,176
50%
OVERTIME
200
-
-
200
0%
BENEFITS
106,903
53,137
53,170
53,733
50%
SUPPLIES
8,600
2,579
1,474
7,126
17%
SMALL EQUIPMENT
1,000
264
5,502
(4,502)
550%
PROFESSIONAL SERVICES
200
92
69
131
34%
COMMUNICATIONS
1,350
397
391
959
29%
TRAVEL
500
-
-
500
0%
RENTAL/LEASE
84,320
48,018
41,516
42,804
49%
PUBLIC UTILITY
3,318
1,595
1,775
1,543
53%
REPAIR/MAINTENANCE
1,000
-
-
1,000
0%
MISCELLANEOUS
4,900
693
343
4,557
7%
$
512,253
$
256,932
$
254,025
$
258,228
50%
FACILITIES MAINTENANCE
SALARIES
783,970
393,251
379,546
404,424
48%
OVERTIME
7,500
2,922
4,681
2,819
62%
BENEFIT S
357,720
169,027
165,148
192,572
46%
UNIFORMS
3,000
13,177
3,495
(495)
117%
SUPPLIES
112,000
71,917
59,565
52,435
53%
SMALL EQUIPMENT
3,000
818
2,208
792
74%
PROFESSIONAL SERVICES
73,000
101,114
33,354
39,646
46%
COMMUNICATIONS
16,000
11,811
11,273
4,727
70%
TRAVEL
1,000
-
-
1,000
0%
RENTAL/LEASE
29,050
25,470
12,025
17,025
41%
PUBLIC UTILITY
302,937
159,205
157,088
145,849
52%
REPAIR/MAINTENANCE
748,722
225,013
160,039
588,683
21%
MISCELLANEOUS
5,000
1,802
1,203
3,797
24%
$
2,442,899
$
1,175,527
$
989,625
$
1,453,274
41%
TOTAL GENERAL FUND EXPENDITURES
$
45,978,718
$
21,049,664
$
21,115,256
$
24,863,462
46%
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2.1.a I
City of Edmonds, WA
Monthly Revenue Summary -General Fund
2021
General Fund
Cumulative
Budget Forecast
Monthly
Budget Forecast
YTD
Actuals
Variance
%
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
22,872,014
10.03%
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
2,330,065
108.03%
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.
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Packet Pg. 21 1
I 2.1.a I
SALES TAX SUMMARY
Sales Tax Analysis By Category
Current Period: June 2021
Year -to -Date
Total $4,797,214
Automotive Repair,
Health & Personal Care, 7,708
$128,782 Amusement &
Recreation, $24,928
Construction Trade, � Business Services,
Accommodation, $703,603 $5025464
$11,056 Gasoline, $19,023
Clothing and
Accessories,$159,963 etail Food Stores,
$167,158
Communications,
$123,316
Retail Automotive,
Wholesale Trade, $1,176,500
$1855179
Mi
Others, $103,307,
IManufacturing, $62,360
Eating & Drinking,
$420,861
Annual Sales Tax Revenue
10,000,000- L
$8,406,296 $8,452,715 $8,317,046
8,000,000 $7,395,114
$6,741,838 $6,905,122
6,000,000
$4,797,214
4,000,000
2,000, 000
0
201 2017 2018 2019 2020 YTD 2021
0
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I 2.1.a I
City of Edmonds, WA
Monthly Revenue Summary -Sales and Use Tax
2021
Sales and Use Tax
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals
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
4,797,214
18.80%
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 10000.55
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
453,419
12.48%
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
*The monthly budget forecast columns are based on a five-year average.
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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
274,873
-28.64%
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 Year 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
987,183
-1.04%
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
*The monthly budget forecast columns are based on a five-year average.
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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
4,181,353
4.69%
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
2,647,822
-1.04%
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
*The monthly budget forecast columns are based on a five-year average.
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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
4,493,851
-2.65%
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.
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City of Edmonds, WA
Monthly Expenditure Report -General Fund
2021
General Fund
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals %
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
21,115,256
-6.92%
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
6,412,264
-6.71%
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.
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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
164,613
-22.36%
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
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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
166,677
-3.30%
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.
24
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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
368,323
-8.71%
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
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City of'Edmonds, WA
Monthly Expenditure Report -Municipal Court
2021
Municipal Court
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
535,746
-5.84%
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.
25
Packet Pg. 29
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
263,632
-6.28%
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
Current Year Budget --&- 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
351,029
-7.72%
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.
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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
519,736
-18.07%
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
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
625,371
8.49%
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.
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City of Edmonds, WA
Monthly Expenditure Report -City Attorney
2021
City Attorney
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals
January $
78,040 $
78,040 $
69,941-10.38%
February
156,080
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
404,226-13.67%
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
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Monthly Expenditure Report -Police
2021
Police
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
5,731,600
-2.41%
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.
28
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I 2.1.a I
City of Edmonds, WA
Monthly Expenditure Report -Development Services
2021
Development Services
Cumulative Monthly YTD Variance
Budget Forecast Budget Forecast Actuals
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
1,471,283
-13.39%
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 &z 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
--0-- 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
2,002,869
-5.96%
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.
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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
254,025
-1.06%
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 Year 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
989,625
-5.19%
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
*The monthly budget forecast columns are based on a five-year average.
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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
1,346,241
-1.87%
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.
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I 2.1.a I
INVESTMENT PORTFOLIO SUMMARY
City of Edmonds Investment
Portfolio Detail
As of
June 30, 2021
Years
Agency/
Investment
Purchase
to
Par
Market
Maturity
Coupon
Issuer
Type
Price
Maturity
Value
Value
Date
Rate
Grant Cnty WA
Bonds
410,553
0.51
405,000
408,114
01/01/22
1.79%
FFCB
Bonds
1,998,548
0.96
2,000,000
2,034,134
06/14/22
1.88%
Energy Northwest
Bonds
1,466,077
1.00
1,345,000
1,410,811
07/01/22
5.00%
Energy Northwest
Bonds
260,748
1.00
250,000
256,778
07/01/22
2.95%
Mason & Kitsap Cnty WA
Bonds
948,084
1.42
855,000
912,755
12/01/22
5.00%
Grant Cnty WA
Bonds
1,517,955
1.51
1,500,000
1,525,950
01/01/23
1.54%
Grant Cnty WA
Bonds
576,332
1.51
520,000
557,325
01/01/23
5.00%
Seattle WA Muni
Bonds
2,224,500
1.59
2,000,000
2,153,380
02/01/23
5.00%
FHLB
Bonds
1,996,590
2.27
2,000,000
1,994,752
10/05/23
0.22%
First Financial - ECA
CD
2,803,516
2.38
2,803,516
2,803,516
11/15/23
2.08%
Kent WA
Bonds
286,648
2.42
250,000
278,543
12/01/23
5.00%
Spokane County WA
Bonds
259,075
3.42
250,000
261,878
12/01/24
2.10%
First Financial - Waterfront Center
CD
2,000,000
6.34
2,000,000
2,000,000
11/01/27
0.25%
TOTAL SECURITIES
16,748,624
2.03
16,178,516
16,597,935
Washington State Local Gov't Investment Pool
32,902,246
32,902,246
Demand
0.08%
Snohomish County Local Gov't Investment
Pool
25,268,264
25,268,264
Demand
1.27%
TOTAL PORTFOLIO
$
74,349,026 $
74,768,445
Issuer Diversification Seattle WA
Kent WA, Muni, 12%
2%
Mason &
Kitsap Cnty_ First
WA, 5% Financial -
CD, 30%
Grant Cnty Spokane
WA, 15% County
y
Energy FFCB, 12% WA, 2%
12 /o
Northwest,
10%
Cash and Investment Bala]Check
(in $ Millions)
Bonds,
$11.4, 15%
CD's, $4.8,
6% State LGIP
County $32.9, 43
LGIP,
$25.3 , 33%
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■ 2.1.a I
INVESTMENT PORTFOLIO SUMMARY
Annual Interest Income
$1,400, 000
$1,200,000 $1,236,875
$1,000,000 $947,931
$800,000
$635,781 557 817
$600,000 423,799
$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
--------—-----—--- - - - - -- -- --•
July September November January March May
$ 6,000, 000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000, 000
Maturity Distribution and Rate of Return
6.00%
5.00%
4.00
3.00%
2.00%
1.00%
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
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2.1.a
GENERAL FUND OVERVIEW
CHANGE IN FUND BALANCES
BALANCES
GENERAL FUND
---- ACTUAL ----
---- ACTUAL ----
& SUBFUNDS
6/30/2021 6/30/2021
Q2 YTD
Fund Balance Cash Balance
0
001-General Fund
$ 15,625,504 $ 9,650,112
$ 5,729,329 $ 1,756,758 m
009-Leoff-Medical Ins. Reserve
391,054 391,055
(41,666) (146,122 W
012-Contingency Reserve Fund
1,782,149 1,782,150
0 - ra
014-Historic Preservation Gift Fund
19,688 19,689
2,500 2,500 c
016-Building Maintenance
210,221 210,221
- - ii
017 - Marsh Restoration & Preservation
848,617 848,616
(15,999) (15,999 21
m
Total General Fund & Subfunds
$ 18,877,233 $ 12,901,842
$ 5,674,164 $ 1,597,137
*$2,000,000 of the General Fund Balance has been assigned by management for the development of Civic Field. CY
*$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.
3
7
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GOVERNMENTAL FUNDS OVERVIEW 0-
LL
CHANGE IN FUND
FUND BALANCES
i
BALANCES
---- ACTUAL ----
---- ACTUAL ---- M
GOVERNMENTAL
FUNDS
6/30/2021 6/30/2021
Q2 YTD
Fund Balance Cash Balance
r
N
0
N
General Fund & Subfunds
$ 18,877,233 $ 12,901,842
$ 5,522,138 $ 1,445,111 c
Special Revenue
18,850,675 17,685,175
592,880 7,860,474
Debt Service
(0) 0
- -
a
Capital Projects
6,330,939 6,066,688
5,648 177,429 E
0
Total Governmental Funds
$ 44,058,847 $ 36,653,706
$ 6,120,666 $ 9,483,013 V
r
c
m
E
t
U
0
r
a
*Please note that these revenues and expenses occur within annual cycles.
This Interim Report is not adjusted for accruals or those annual cycles.
34
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2.1.a
SPECIAL REVENUE FUNDS OVERVIEW
FUND BALANCES
CHANGE IN FUND BALANCES
---- ACTUAL ----
---- ACTUAL
----
GOVERNMENTAL
SPECIAL REVENUE
6/30/2021
6/30/2021
Q2
YTD
Fund Balance
Cash Balance
104 - Drug Enforcement Fund
$ 75,700
$ 75,312
$ 847 $
1,397
111 - Street Fund
949,884
795,809
128,731
(188,527 a
112 - Combined Street Const/Im prove
2,203,495
1,801,603
(339,401)
121,832
117 - Municipal Arts Acquis. Fund
689,399
685,795
8,487
6,672
118 - Memorial Street Tree
20,598
20,461
230
380
120 - Hotel/Motel Tax Revenue Fund
69,164
63,478
1,808
2,243 c
121- Employee Parking Permit Fund
92,358
91,636
2,222
10,360 u_
122 -Youth Scholarship Fund
14,087
13,995
157
260 L
123 -Tourism Promotional Fund/Arts
90,319
87,478
6,032
9,981 V_
125 - Real Estate Tax2
3,630,197
3,320,342
454,119
1,058,215
126 - Real Estate Excise Tax 1 *
3,082,359
2,806,036
293,294
772,192 a
127 - Gifts Catalog Fund
304,881
311,620
(19,419)
6,817 c
130 - Cemetery Maintenance/Improvement
212,189
210,804
6,871
7,062
136 - Parks Trust Fund
169,769
168,645
1,896
3,131 3
137- Cemetery Maintenance Trust Fund
1,121,638
1,114,290
18,839
31,778 3
138- Sister City Comm ission
13,058
12,988
2,618
2,695
140 -Business Improvement Disrict
53,955
53,956
7,327
34,804 0.
141 -Affordable and Supportive Housing Fd
111,073
104,377
18,220
32,633
142 - Edmonds Cares Fund
5,946,550
5,946,550
5,946,550
5,946,550
Total Special Revenue
$ 18,850,675
$ 17,685,175
$ 6,539,430 $
7,860,474
*$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.
u_
21
L
ENTERPRISE FUNDS OVERVIEW
r
N
O
N
N
FUND BALANCES
CHANGE IN FUND
C
3
ENTERPRISE
---- ACTUAL ----
---- ACTUAL
---- °r
FUNDS
6/30/2021
6/30/2021
Q2
YTD a
Fund Balance
Cash Balance
E
0
U
421 -Water Utility Fund
$ 26,848,024
$ 6,435,398
$ (225,432) $
1,148,372
422 -Storm Utility Fund
14,874,585
5,629,821
(111,081)
1,283,897
423 - Sewer/WWTP Utility Fund
52,223,358
17,376,620
(3,586,284)
(175,070 c=
424 - Bond Reserve Fund
843,966
843,966
2
5 r
a
411 -Combined Utility Operation
5,320
50,324
5,070
5,320
Total Enterprise Funds
$ 94,795,254
$ 30,336,130
$ (3,917,724) $
2,262,524
*$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. 39
2.1.a
SUMMARY OVERVIEW
CHANGE IN FUND
FUND BALANCES
BALANCES
CITY-WIDE
---- ACTUAL ----
---- ACTUAL ----
6/30/2021 6/30/2021
Q2
YTD
Fund Balance Cash Balance
Governmental Funds
$ 44,058,847 $ 36,653,706
$
12,067,216 $
9,483,013
Enterprise Funds
94,795,254 30,336,130
(3,917,724)
m
2,262,524
Internal Services Fund
10,195,791 5,664,532
209,624
241,372
Agency Funds
91,967 91,967
(17,311)
c
(43,148 c
Total City-wide Total
$ 149,141,860 $ 72,746,335
$
8,341,806 $
11,943,762 ii
L
L
INTERNAL SERVICE FUNDS OVERVIEW
r
o
N
d
C
3
7
1:
O
N
FUND BALANCES
CHANGE IN FUND M
BALANCES
•5
INTERNAL SERVICE
---- ACTUAL ----
---- ACTUAL ----
cOa
c
FUNDS
6/30/2021 6/30/2021
Q2
YTD U+
Fund Balance Cash Balance
a�
511 - Equipment Rental Fund
$ 9,251,750 $ 4,825,928
$
71,375 $
147,954
512 -Technology Rental Fund
944,041 838,605
138,249
93,418 N
0
Total Internal Service Funds
$ 10,195,791 $ 5,664,532
$
209,624 $
241,372 cm
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*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. 40
Monthly Budgetary Financial Report
6 Months Ended June 30, 2021
August 10 Finance Committee Meeting
U r�
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Packet Pg. 41
What's happening in the Finance Department?
• We are in the process of checking references for both the Systems Support
Technician and the Deputy Administrative Services Director positions. I am
hopeful that both positions will be filled soon.
• The first six months have gone according to budget, nothing negative to report.
Sales tax and REET continue to come in well ahead of budget.
• We are busy collecting Decision Packages, revenue and expense projections, and
other information for Budget 2022.
OF Ebnj t
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Packet Pg. 42
Noteworthy things in the June report:
• Page 1— REET is up $1,089,466 from this point in time last year
• Page 3 — Property Tax collections are up $494,505 from this point in time last year
• Page 3 — EMS Property Tax is up $215,369 from this point in time last year
• Page 3 — Sales Tax is up $1,035,290 from this point in time last year (next slide)
• Page 3 — Liquor Excise Tax is up $25,216 from this point in time last year
• Page 4 — Plan Checking Fees are up $121,269 from this point in time last year
• Page 4 — Parks & Recreation program fees are up $178,675 from this point in time last year
• Page 4 —June of 2020 Engineering Overhead was not recorded until July of 2020 which is the main
reason for the large difference between years. June 2020 Engineering Overhead totaled $185,092.59.
1 Packet Pg. 43 1
Sales tax update:
Year -to -Date June 2021 sales tax revenues of $4,797,214 are $1,035,290 higher
than the year-to-date amounts through June 2020:
Change in Sales Tax Revenue.
June 2021 compared to
June 2020
Total
Retail Automotive
isc Retail
Construction Trade
Business Services
Others
Wholesale Trade
Clothing and Accessories
Manufacturing
Eating & Drinking
Retail Food Stores
Conununications
Automotive Repair
Gasoline
Health 8 Personal Care
A c c on-nnodati on
A-musenient & Recreation
($2007000) $0 $200,040 $400.000 $600,000 $800._000 $1.000,000 $1,200.000
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ADMINISTRATIVE SER�
4NEWES TAX RWRTE run a ES MA D DRINKING PLACES"
IN THE MONTH OF:
$110,000
$90,000
$70,000
$50,000
$30,000
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Questions?
Thank you.
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Packet Pg. 46
2.1.c
GENERAL FUND CHANGES IN FUND BALANCE
2020 2021
2016 2017 2018 2019 2020 (Jan -June) (Jan -June)
Beginning Fund Balance 9,359,435 9,841,718 10,273,343 11,233,278 15,552,188 15,552,188 13,868,031
Revenue
Taxes
Licenses and permits
Intergovernmental
Charges for services
Fines and forfeitures
Investment earnings
Miscellaneous
Operating Revenues
Nonoperatine Revenues
Transfers in
Debt proceeds
Sale of capital assets
Insurance recoveries
Total Revenue
Expenditures
General government
Public safety
Transportation
Economic environment
Mental and physical health
Culture and recreation
Debt service
Capital outlay
29,403,794
29,572,203
30,755,578
30,846,665
30,738,451
14,966,286
16,881,848
2,269,313
2,506,800
2,401,855
2,299,972
2,276,861
1,224,166
1,203,207
1,261,998
890,572
1,014,434
1,008,432
1,633,633
373,701
938,675
5,403,786
5,463,913
5,810,961
6,419,836
5,412,044
2,647,090
3,181,196
522,051
459,929
616,783
496,093
287,693
143,579
177,919
(26,712)
154,739
273,226
573,806
265,631
143,897
176,458
441,432
471,675
931,495
587,882
322,816
111,384
147,536
39,275,661 39,519,831 41,804,331 42,232,687 40,937,130 19,610,103 22,706,839
82,695 26,300 75,884 4,793,650 1,535,800 17,900 165,176
549,095 - - - - -
58,451 7,143 5,273 - -
- - 15,570 - 16,977 - -
39,965,902 39,553,274 41,901,058 47,026,337 42,489,907 19,628,003 22,872,014
9,969,187
9,714,867
10,288,694
11,565,563
12,302,936
6,130,868
5,907,983
20,128,896
22,228,871
22,585,212
23,036,185
23,760,951
11,643,388
11,951,306
3,600
3,600
4,779
5,012
5,012
2,924
1,671
1,313,430
1,551,152
1,460,763
1,562,702
1,675,334
806,053
874,739
70,814
126,791
178,859
164,888
357,808
117,048
31,629
3,773,633
3,959,731
4,331,806
4,158,397
3,732,644
1,822,013
2,052,897
196,663
198,361
197,694
197,967
296,624
69,285
60,087
56,662
90,573
93,105
110,935
835,049
9,053
-
Operating Expenditures 35,512,885 37,873,946 39,140,912 40,801,649 42,966,358
Nonoperatine Expenditures
Transfers out 3,414,141 1,247,703 1,800,212 1,905,778 1,206,990
Debt refunding 556,593 - - -
Total Expenditures 39,483,619 39,121,649 40,941,124 42,707,427 44,173,348
Prior Period Adjustments - - - -
20,600,631
20, 880,312
449,033
234,945
21,049,664
21,115,256
Change in position 482,283 431,625 959,934 4,318,910 (1,683,442) (1,421,661) 1,756,758
Ending Fund Balance 9,841,718 10,273,343 11,233,278 15,552,188 13,868,746 14,130,527 15,624,789
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R:\Finance Committee\2021\Jan-June 2021 P&L 7/29/2021 Packet Pg. 47
2.2
City Council Agenda Item
Meeting Date: 08/10/2021
PFD Financial Presentation
Staff Lead: Dave Turley
Department: Administrative Services
Preparer: Dave Turley
Background/History
The Edmonds Public Facilities District, per our Contingent Loan Agreement, is to make periodic financial
reports to Council.
Staff Recommendation
Presentation only, no action is necessary.
Narrative:
Staff from the EPFD will give a financial presentation to Council. Tonight will also provide Committee
members an opportunity to ask questions about the EPFD request for the City to refinance $2.6 million
in bonds on their behalf, if there are any questions.
Attachments:
Memorandum to Edmonds Mayor M. Nelson
EPFD ECA Financial Statements June 2021
Final Audited Financials 2020
Packet Pg. 48
2.2.a
a
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B B B
Public Facilities Disci f(
TO: Mayor Mike Nelson
FR: Edmonds Public Facilities District Board of Directors
DA: June 7, 2021
RE: Request to Execute Refinancing of Edmonds Public Facilities District's 2012 Bonds
At a Special Meeting of the Edmonds Public Facilities District Board of Directors on May 7, 2021,
Rob Shelley of Piper Sandler, the District's Financial Advisor, presented background information
and several possible scenarios for restructuring the District's outstanding capital debt. ECA
staff also provided some additional context and a list of key decision points for the Board's
consideration as it seeks to determine the best course of action.
On May 27th, at a Regular Meeting of the District Board, ECA staff provided a recommendation
to the Board outlining proposed timing, structure, and terms for refinancing a portion of the
District's current debt. After careful consideration, the District Board voted to pursue the
following:
• Request that the City of Edmonds pursue a refinancing of the District's 2012 Bonds.
These Bonds were issued by the City of Edmonds on behalf of the District in 2012,
backed by the District's Sales Tax revenue streams, and were included in a larger
refinancing package issued by the City that year.
• Request that the new Bonds be issued once again in the name of the City of Edmonds to
secure the best possible bond rating and lowest possible interest rate.
• Extend this portion of the District's debt to the year 2041. This action will help the
District meet a new legislative requirement outlined in the 2017 update to the PFD
legislation, and will ensure that the Sales Tax Rebate from the State of Washington is
secured through the current Public Facilities District sunset date of December 2041.
• Request that the City make all efforts to refinance this debt prior to December 1, 2021.
This will provide the District with short-term cash relief as it will not be required to
make a principal payment on this debt in the current fiscal year. This may only be
accomplished by issuing Taxable Bonds rather than Tax Exempt Bonds. However,
moving to refinance this debt soon may also secure a lower interest rate for the District
than it could secure if it waits for the natural call date of December 2022.
c
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Packet Pg. 49
2.2.a
The District has identified a list of positive outcomes from pursuing an early refinancing of the
its 2012 Bonds, in partnership with the City of Edmonds:
• Short-term cash flow relief for the District in 2021, which will greatly aid our
operations as we recover from the pandemic shutdown and build toward a
successful reopening.
• Reduced annual debt payments, ensuring net positive cash flow from the
District's Sales Tax Revenue streams through 2041.
• Net positive cash flow beginning in 2021 will allow the District to pay down the
other components of its debt (Direct Loan from the City of Edmonds, First
Financial Bank Loan) more quickly. There is no penalty for early repayment of
either of these loans. However, early repayment could save thousands of dollars
in interest for the District in the coming years.
• Once the District's other debts are retired, net positive cash flow could be
invested in future capital improvements or replacements, and/or new projects.
With positive cash flow from the Sales Tax Revenue streams, the District would focus first on
early repayment of the City Loan first to further strengthen the partnership between the
District and the City as projects like the 4t" Avenue Cultural Corridor and other mutually-
M
beneficial investments move forward. Z
Early repayment of the Bank Loan would follow once the City Loan is repaid. This would help
the District save on interest, but it should be noted that early repayment of this debt may also
reduce the return the City is currently receiving from the corresponding Certificate of Deposit it
made to help guarantee the Bank Loan for the District.
Thank you for your consideration of this request. The Edmonds Public Facilities District Board
and ECA staff are grateful for the partnership and support our organization receives from the
City of Edmonds.
Packet Pg. 50
2.2.b
Edmonds Public Facilities District
IS
ea IV
Statement of Revenue, Expenses and Changes in Net Position
(Income Statement)
eedmonndsle^ e.,o, mar s
June, 2021
Amounts in thousands
Col l
Col 2
Col a
Col 4
Col 5
Col 6
Col 7
Col a
Col 9
Col 10
Col l
June, 2021
FAVORABLE
Year To Date
ANNU
FAV.
ACTUAL
UNFAVORABLE
FAV.
ACTUAL
BUDG
ACTUAL
BUDGET
(UNFAV.)
%VAR.
LAST
ACTUAL
BUDGET
(UNFAV.)
%VAR.
LAST
12 MI
VARIANCE
YEAR
VARIANCE
YEAR
TOT,
Operating Revenues:
$(0)
$2
$(2)
-108 %
$(0)
1
Ticket Sales and Fees
$(0)
$2
$(2)
-113 %
$105
$3
31
34
(2)
-7%
6
2
Rentals
134
142
(8)
-6%
192
3
-
-
-
0
3
Education and Outreach
-
-
-
13
4
-
4
0
4
Concessions
4
-
4
44
68
18
50
272 %
58
5
Contributions
388
319
69
22 %
564
1,2
-
-
-
-
6
Advertising
-
-
-
1
r
(0)
(0)
1
7
Historic Facility Preservation Fee
(0)
(0)
11
-
-
-
-
8
Special Project Revenue
-
-
-
32
Total Operating Revenue
E
$103
$54
$49
91 %
$65
9
$524
$463
$61
13%
$962
$2,0
O
10
U
11
Operating Expenses:
0
$7
$5
$(2)
-47%
$0
12
Artist Presentations and Theatre
$8
$9
$2
18 %
$80
$2
++
-
2
2
100 %
-
13
Rentals
3
9
6
67 %
11
C
3
8
5
61%
0
14
Advertising and Marketing
8
9
1
13%
32
O
1
2
1
58 %
1
15
Education and Outreach
17
24
7
30 %
36
4
1
(2)
-189%
2
16
Development
18
19
1
5%
28
89
89
-
0%
81
17
Payroll and Employee Benefits
453
453
-
0%
675
1,2
d
6
9
3
38%
11
18
Facilities Maintenance and Utilities
55
49
(6)
-11%
80
1
3
1
(2)
-182%
-
19
Minor Equipment
7
3
(4)
-128%
1
1
6
5
83%
-
20
Concessions and Merchandise
1
6
5
83%
16
d
8
8
0
3%
6
21
Insurance, Audit, and Legal
42
47
4
9%
39
1
-
-
-
-
22
Special Project Expense
-
-
-
32
U
8
8
(1)
-8%
6
23
Supplies and Other
39
30
(9)
-31 %
49
C
$128
$138
$10
7%
$108
24
Total Operating Expenses
$651
$658
$7
1%
$1,079
$2,0
to
C
25
�y
$(26)
$(84)
$58
69%
$(43)
26
OPERATING SURPLUS (LOSS)
$(126)
$(195)
$69
35%
$(116)
$(
27
LL
28
Non -Operating Revenue and (Expenses):
11
$69
$62
$7
12 %
$56
29
Intergovernmental Rev (Sales Tax)
$487
$487
$0)
0%
$428
$9
v
-
-
-
55
30
Grant Revenue Capital Related
34
34
0
1 %
59
0
0
(0)
-82 %
0
31
Interest Earned
0
1
(1)
-80 %
0
p
-
-
-
-
32
Gain (Loss) on Stock Sold
(0)
0
(0)
-159%
0
tV
(11)
(11)
0
3%
(14)
33
Interest Expense
(73)
(68)
(5)
-7%
(84)
(1
(53)
(52)
(1)
-1%
(53)
34
Depreciation
(316)
(312)
(4)
-1%
(315)
(6
$6
$0)
$7
647%
$45
35
Total Non -Operating Surplus (Loss)
$132
$142
$(10)
-7%
$88
$2
36
fn
$(20)
$(85)
$65
77 %
$2
37
TOTAL NET SURPLUS (LOSS)
$6
$(52)
$59
112 %
$(28)
$2
PFD ECA FINST 06-2021 IS 2 of 5
Packet Pg. 51
7/28/2021 11:44 AM
Edmonds Public Facilities District
pca 1V Statement of Net Position (Balance Sheet)
edmonds e-ter for the arts June, 2021
Amounts in thousands
2.2.b
BS
June
June
December
2021
2020
2020
(Last
ASSETS:
Year End)
Current Assets:
Cash and Cash Equivalents - Unrestricted
$168
$118
$100
Cash and Cash Equivalents - Restricted for Debt Service
272
64
71
Cash and Cash Equivalents - Facility Restricted
46
0
46
Cash and Cash Equivalents - Special Projects Restricted
6
41
22
Receivables from Customers
56
23
37
Pledges Receivables from Donors
149
106
128
Receivables from Other Governments
103
131
165
Inventories
5
6
8
Prepayments
52
62
60
Total Current Assets
$857
$551
$637
Property, Plant and Equipment
Land
$3,445
$3,445
$3,445
Buildings and renovations
14,607
14,607
14,607
Equipment and technology
636
636
636
Construction in Progress
235
75
162
subtotal PPE
$18,923
$18,762
$18,849
Accumulated Depreciation
(8,713)
(8,080)
(8,397)
Total PPE, net
$10,210
$10,682
$10,453
Deferred Pension Asset
$143
$148
$143
Total Assets
$11,210
$11,381
$11,233
LIABILITIES:
Current Liabilities:
Accounts Payable
$38
$175
$162
Payroll and Benefits Payable
54
44
40
Compensated Absences Liability
$67
$36
$67
Unearned Ticket and Other Unearned Revenue
532
441
468
Customer Deposits Liabilities
29
29
28
Accrued Interest
32
21
5
Current Portion of Long -Term Debt
692
675
704
Total Current Liabilities
$1,445
$1,420
$1,474
Long Term Debt:
First Financial NW Bank (2018 note payable from refinancing) $2,243
Contractual Obligation to the City of Edmonds (2012 bonds) 2,185
Loan Payable to the City of Edmonds 1,216
Note Payable to DanSound (Equip loan) 4
Total Long -Term Debt $5,647
Non Current Libilities:
Pension Liability
Deferred Pension Libility
Total Noncurrent Liabilities
Total Liabilities
Net Position:
Net Investment in Capital Assets
Restricted
Unrestricted accumulated surplus/(deficit)
Total Net Position
Total Liabilities and Net Position
PFD ECA FINST 06-2021 BS
391
109
$499
$7,592
$3,871
1,351
(1,603)
$3,619
$11,210
3of5
$2,243
2,585
1,206
19
$6,053
346
195
$541
$8,015
$3,954
852
(1,440)
$3,366
$11,381
$2,243
2,185
1,216
4
$5,647
391
109
$499
$7,620
4,102
986
(1,476)
$3,613
$11,233
Packet Pg. 52
7/28/2021 11:44 AM
eca V
$600
$500
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Edmonds Public Facilities District
June,2021
Graphs of Financial Statistics
TOTAL OPERATING REVENUES
F M A M J J A S O N
■ Actual 2021 ■ Budget 2021 ■ Last Year 2020
OPERATING SURPLUS (LOSS)
F M A M J J A S O N
■ Actual 2021 ■ Budget 2021 ■ Last Year 2020
CASH BALANCES
F M A M J J A S O N
Actual 2021 Last Year 2020
TOTAL OPERATING EXPENSES
$400
2.2.b
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TOTAL LONG-TERM DEBT
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J F M A M J J A S O N D
Actual 2021 Last Year 2020
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PFDECAFINST06-2021 Graphs 5&5 ""0" "' AL
2.2.c
Financial Statements Audit Report
Edmonds Public Facilities
District
For the period January 1, 2020 through December 31, 2020
Published July 6, 2021 ❑� •i ❑� Find out what's new at SAO
Report No. 1028703 by scanning this code with
your smartphone's camera
Packet Pg. 54
2.2.c
Office of the Washington State Auditor
Pat McCarthy
July 6, 2021
Board of Directors
Edmonds Public Facilities District
Edmonds, Washington
Report on Financial Statements
Please find attached our report on the Edmonds Public Facilities District's financial statements.
We are issuing this report in order to provide information on the District's financial condition
Sincerely,
Pat McCarthy, State Auditor
Olympia, WA
Americans with Disabilities
In accordance with the Americans with Disabilities Act, we will make this document available in
alternative formats. For more information, please contact our Office at (564) 999-0950, IDD
Relay at (800) 833-6388, or email our webmaster at webmaster&sao.wa.gov.
Insurance Building, P.O. Box 40021 • Olympia, Washington 98504-0021 • (564) 999-0950 • Pat. McCarthy@sao.wa.gov
Packet Pg. 55
Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance
and Other Matters Based on an Audit of Financial Statements Performed in Accordance with
Government Auditing Standards..................................................................................................... 4
Independent Auditor's Report on the Financial Statements............................................................ 6
FinancialSection............................................................................................................................. 9
About the State Auditor's Office................................................................................................... 48
Office of the Washington State Auditor
sao.wa.gov
Page 3
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2.2.c
Report on Internal Control over Financial Reporting and on Compliance and Other
Matters Based on an Audit of Financial Statements Performed in Accordance with
Government Auditing Standards
Edmonds Public Facilities District
January 1, 2020 through December 31, 2020
Board of Directors
Edmonds Public Facilities District
Edmonds, Washington
We have audited, in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States, the financial statements of the
Edmonds Public Facilities District, a component unit of the City of Edmonds, as of and for the
year ended December 31, 2020, and the related notes to the financial statements, which collectively
comprise the District's basic financial statements, and have issued our report thereon dated
June 29, 2021.
As discussed in Note 11 to the 2020 financial statements, the full extent of the COVID-19
pandemic's direct or indirect financial impact on the District is unknown.
INTERNAL CONTROL OVER FINANCIAL REPORTING
In planning and performing our audit of the financial statements, we considered the District's
internal control over financial reporting (internal control) to determine the audit procedures that
are appropriate in the circumstances for the purpose of expressing our opinion on the financial
statements, but not for the purpose of expressing an opinion on the effectiveness of the District's
internal control. Accordingly, we do not express an opinion on the effectiveness of the District's
internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent,
or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control such that there is a reasonable possibility that a
material misstatement of the District's financial statements will not be prevented, or detected and
corrected on a timely basis. A significant deficiency is a deficiency, or a combination of
deficiencies, in internal control that is less severe than a material weakness, yet important enough
to merit attention by those charged with governance.
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2.2.c
Our consideration of internal control was for the limited purpose described in the first paragraph
of this section and was not designed to identify all deficiencies in internal control that might be
material weaknesses or significant deficiencies. Given these limitations, during our audit we did
not identify any deficiencies in internal control that we consider to be material weaknesses.
However, material weaknesses may exist that have not been identified.
COMPLIANCE AND OTHER MATTERS
As part of obtaining reasonable assurance about whether the District's financial statements are free
from material misstatement, we performed tests of the District's compliance with certain
provisions of laws, regulations, contracts and grant agreements, noncompliance with which could
have a direct and material effect on the determination of financial statement amounts. However,
providing an opinion on compliance with those provisions was not an objective of our audit, and
accordingly, we do not express such an opinion.
The results of our tests disclosed no instances of noncompliance or other matters that are required
to be reported under Government Auditing Standards.
PURPOSE OF THIS REPORT
The purpose of this report is solely to describe the scope of our testing of internal control and
compliance and the results of that testing, and not to provide an opinion on the effectiveness of the
District's internal control or on compliance. This report is an integral part of an audit performed
in accordance with Government Auditing Standards in considering the District's internal control
and compliance. Accordingly, this communication is not suitable for any other purpose. However,
this report is a matter of public record and its distribution is not limited. It also serves to
disseminate information to the public as a reporting tool to help citizens assess government
operations.
Pat McCarthy, State Auditor
Olympia, WA
June 29, 2021
Office of the Washington State Auditor
sao.wa.gov
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2.2.c
Report on the Financial Statements
Edmonds Public Facilities District
January 1, 2020 through December 31, 2020
Board of Directors
Edmonds Public Facilities District
Edmonds, Washington
REPORT ON THE FINANCIAL STATEMENTS
We have audited the accompanying financial statements of the Edmonds Public Facilities District,
a component unit of the City of Edmonds, as of and for the year ended December 31, 2020, and
the related notes to the financial statements, which collectively comprise the District's basic
financial statements as listed on page 9.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements
in accordance with accounting principles generally accepted in the United States of America; this
includes the design, implementation, and maintenance of internal control relevant to the
preparation and fair presentation of financial statements that are free from material misstatement,
whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in the United States
of America and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States. Those standards require that
we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditor's judgment,
including the assessment of the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor considers internal control
relevant to the District's preparation and fair presentation of the financial statements in order to
design audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the District's internal control. Accordingly, we
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2.2.c
express no such opinion. An audit also includes evaluating the appropriateness of accounting
policies used and the reasonableness of significant accounting estimates made by management, as
well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinion.
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects,
the financial position of the Edmonds Public Facilities District, as of December 31, 2020, and the
changes in financial position and cash flows thereof for the year then ended in accordance with
accounting principles generally accepted in the United States of America.
Matters of Emphasis
As discussed in Note 11 to the 2020 financial statements, the full extent of the COVID-19
pandemic's direct or indirect financial impact on the District is unknown. Our opinion is not
modified with respect to this matter.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
management's discussion and analysis and required supplementary information listed on page 9
be presented to supplement the basic financial statements. Such information, although not a part
of the basic financial statements, is required by the Governmental Accounting Standards Board
who considers it to be an essential part of financial reporting for placing the basic financial
statements in an appropriate operational, economic or historical context. We have applied certain
limited procedures to the required supplementary information in accordance with auditing
standards generally accepted in the United States of America, which consisted of inquiries of
management about the methods of preparing the information and comparing the information for
consistency with management's responses to our inquiries, the basic financial statements, and
other knowledge we obtained during our audit of the basic financial statements. We do not express
an opinion or provide any assurance on the information because the limited procedures do not
provide us with sufficient evidence to express an opinion or provide any assurance.
OTHER REPORTING REQUIRED BY GOVERNMENT AUDITING
STANDARDS
In accordance with Government Auditing Standards, we have also issued our report dated June 29,
2021 on our consideration of the District's internal control over financial reporting and on our tests
Office of the Washington State Auditor sao.wa.gov Page 7
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2.2.c
of its compliance with certain provisions of laws, regulations, contracts and grant agreements and
other matters. The purpose of that report is to describe the scope of our testing of internal control
over financial reporting and compliance and the results of that testing, and not to provide an
opinion on internal control over financial reporting or on compliance. That report is an integral
part of an audit performed in accordance with Government Auditing Standards in considering the
District's internal control over financial reporting and compliance.
�� lvi��
e'
Pat McCarthy, State Auditor
Olympia, WA
June 29, 2021
Office of the Washington State Auditor
sao.wa.gov
Page 8
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2.2.c
FINANCIAL SECTION
Edmonds Public Facilities District
January 1, 2020 through December 31, 2020
REQUIRED SUPPLEMENTARY INFORMATION
Management's Discussion and Analysis — 2020
BASIC FINANCIAL STATEMENTS
Statement of Net Position — 2020
Statement of Revenues, Expenses and Changes in Net Position — 2020
Statement of Cash Flows — 2020
Notes to Financial Statements — 2020
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Proportionate Share of Net Pension Liability — PERS 1, PERS 2/3 — 2020
Schedule of Employer Contributions — PERS 1, PERS 2/3 — 2020
Office of the Washington State Auditor
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MANAGEMENT'S DISCUSSION AND ANALYSIS
Edmonds Public Facilities District (the District) presents this Management's Discussion and Analysis
of its financial activities for the fiscal year ended December 31, 2020. The Management's Discussion
and Analysis is designed to:
• Assist the reader in focusing on significant financial issues.
• Provide an overview of the District's financial activity.
• Identify changes in the District's financial position (its ability to meet future years'
challenges).
The Management's Discussion and Analysis focuses on the current year's activities, resulting changes and
currently known facts. Therefore, it should be read in conjunction with the District's financial statements.
OVERVIEW OF THE FINANCIAL STATEMENTS
The financial statements provide information about the District's overall financial position and results of
operations. These statements, which are presented on the accrual basis, consist of Management's
Discussion and Analysis (this section), the Statement of Net Position; the Statement of Revenues,
Expenses and Changes in Net Position; Statement of Cash Flows; and the Notes to the Financial
Statements.
The District is a business -type activity, the purpose of which is to construct, maintain and operate a
performing arts center within the boundaries of the City of Edmonds. Business -type activities provide
specific goods or services to a group of customers that are paid for by fees charged to those customers.
There is a direct relationship between the fees paid and the services rendered. The District is also
supported by a legally separate entity, a 501(c)(3) not -for -profit corporation called Edmonds Center for
the Arts (ECA), the purpose of which is to assist the District with community outreach, audience
development and securing contributions from private sources to help support the operation of the
performing arts center. ECA's financial activities are included within the Financial Statements of the
District, as the non-profit is a blended component unit of the District.
2.2.i
Page 10
FINANCIAL STATEMENTS
Statement of Net Position
The Statement of Net Position presents information on all the District's assets, deferred
inflows/outflows of resources and liabilities, with the difference between the two reported as net
position. This statement is like the balance sheet of a private sector business. Over time, increases or
decreases in net position may serve as useful indicators of improvement or deterioration in the
District's overall financial position. Nonfinancial factors should also be considered to access the
position of the District.
Condensed Statement of Net Position
2020
2019
Current and other assets
$637,019
$476,351
Capital assets(net)
10,452,654
10,924,739
Total assets
11,089,672
11,401,090
Deferred outflows of resources related to pensions
143,489
147,769
Total assets and deferred outflows of resources
$11,233,161
$11,548,859
Current and other liabilities
$1,406,680
$1,516,227
Long-term liabilities
6,105,066
6,443,115
Total liabilities
7,511,746
7,959,342
Deferred inflows of resources related to pensions
108,664
195,204
Total liabilities and deferred inflows of resources
$7,620,410
$8,154,546
Net Position
Net investment in capital assets
$4,101,920
$4,185,209
Restricted
985,585
502,366
Unrestricted
(1,474,755)
(1,293,263)
Total net position
$3,612,750
$3,394,313
2.2.i
Page 11
Statement of Revenues, Expenses and Changes in Net Position
The Statement of Revenues, Expenses and Changes in Net Position presents increases (revenues and
gains) and decreases (expenses and losses) in the District's net position during the current year.
Condensed Statement of Revenues, Expenses and Changes in Net Position
Revenues
Operating revenues
Non - operating revenues
Total Revenues
Expenses
Operating Expenses
Non - operating expense
Total Expenses
2020 2019
$1,689,533 $2,759,725
1,030,291 1,003,298
$2,719,824 $3,763,023
$2,355,172 $3,487,923
146,215 233,241
$2,501,387 $3,721,164
Change in net position 218,438 41,859
Net position - beginning 3,394,313 3,352,455
Net position - end of period $3,612,750 $3,394,313
Analysis of Revenues, Expenses and Changes in Net Position:
Revenues:
The District's operating revenues decreased $1,070,192 or 38.78 % in 2020. The decrease was
most significant in both Ticket Sales and Rental line items. Non -operating revenue the District
noted a decrease in capital grant investments but continued growth intergovernmental revenue
on the non -operating side of the organization in 2020.
Expenses:
Total operating expenses for the District decreased $1,132,751 or 32.48% over the prior period.
Net Position & Capital Assets:
The total net position of the District (assets in excess of liabilities) at December 31, 2020 was
$3,612,750. There was an increase of $218,437 or 6.44% compared to December 31, 2019.
The largest component of the District's net position is its investment in capital assets, less debt related
to the acquisition of those assets. These assets, such as buildings and equipment, are used to provide
services to citizens. As a result, these assets are not for sale, and are therefore not available to fund
current District obligations (See Note 2).
2.2.i
Page 12
$985,585 of the District's total net position was restricted. This restricted portion increased by $483,219,
or 96.2% in 2020 (See Note 1 (f)), the District's unrestricted net position decreased by $181,943, or 14.1%.
The remaining, unrestricted net position of the District may be used for functions of District operations
such as employee salaries, programming, advertising, and supplies.
Notes to the Financial Statements
The Notes to the Financial Statements are integral to the financial statements. They immediately follow
the Financial Statements in this report, and they provide additional disclosures essential to
a full understanding of the statements.
FINANCIAL CONDITION, RESULTS AND OUTLOOK
Operating Performance
In March 2020, Governor Inslee declared a state of emergency in response to the spread of a deadly new
virus, COVID-19. In the weeks following the declaration, precautionary measures to slow the spread of the
virus were ordered. These orders included canceling public events, limiting gathering sizes and requiring
people to stay home unless leaving for an essential function. As of Mid - March 2020, the District
furloughed all event staff, closed the facilities to the public, cancelled all events as well as meetings and
performances. As of June 2020, all remaining administrative staff were placed on half-time for the
duration of the year.
Management is currently assessing long term financial impact on the organization and cash projections for
the next five years. Management is continuing to work on revenue development during this period by
focusing in on formatting its events around a phased reopening, targeted fundraising efforts and cost
reduction.
In FY 2020, the District incurred an operating loss before depreciation of $33,703, compared to last year
in which we incurred a loss before depreciation in the amount of $100,128.
There were several key factors that led to this decreased in operating loss. These items included:
Payroll Expense: The District noted a combined decrease in payroll expenses of $427,369 or 28.67%
compared to the prior year. Overall, the decrease in payroll costs were linked to the furlough and
reduction of staff hours and on overall reduction of other expenses of $705,382.
Other Expense: A decrease of all other expenses' due no events, artist presentation and theatre from
$550,317 to $98,944 or 82.02% and a decrease in marketing expense from $156,904 to $37,617 or 76.03%
Revenue Gain: The District noted an 8.36%, gain in its contributed operating revenue compared to the
prior year. This was linked directly to our committed generous donor base, including our annual GALA
event which was held virtually.
The District continues to implement strategies to improve operating performance and improve its
financial stability after such an unforeseen pandemic. The steps the District has taken include:
2.2.i
Page 13
Strategic Planning: In May 2013, the Boards of Edmonds Public Facilities District and Edmonds Center for
the Arts adopted a comprehensive Strategic Business Plan, which includes strategies designed to ensure
the long-term financial stability and sustainability of the District and the Center.
Beginning in June of 2017, the District and the Not -For -Profit Boards and staff embarked on a planning
process to update the Strategic Business Plan for the next five-year period (2018 — 2022). The District and
Non -Profit Boards officially approved the 5-year Strategic Business Plan at is joint Board meeting in
December 2018. In 2019 and 2020, District department heads and board committees began implementing
work plans based on the Strategic Business Plan objectives. These plan objectives focused primarily the
further development of earned revenue by developing new rental business, expanding the non-profit
donor base, analyzing the net profit of presented events before sponsorship, stewardship of District assets
and the development of external partnerships.
Non -Operating Performance
The District's Intergovernmental Revenue, which exclusively funds its Bond Debt Service payments,
comprises direct sales tax rebates from the State of Washington, contributions from Snohomish County
Public Facilities District established by inter -local agreement, and a portion of net revenue generated by
the operation of Edmonds Center for the Arts. The economic crisis that began in 2008 has resulted in
average annual shortfalls of approximately $125,000 between projected sales tax revenues and actual
receipts.
Between 2011 and 2020, the District's annual bond payment obligations have been met, in part, with
loans from the City of Edmonds as prescribed in a Contingent Loan Agreement (CLA) between the two
entities signed in 2008 (see Note 3 in the accompanying Notes to the Financial Statements). Under the
terms of the CLA, the City of Edmonds is contractually obligated to advance to the District, as a loan, the
amount of any shortfall in the District's Debt Service Fund each year. The City of Edmonds pledges its full
faith and credit thereto. The City will continue to provide the same contingent financial support to the
District for the life of the bonds, or until such assistance is no longer required.
The District has made excellent progress to secure new revenue streams to address these annual
shortfalls in sales tax revenues resulting from the economic crisis, both to pay back past loans, and to
eliminate the need for future loans from the City of Edmonds. In 2020, the District is able to report it
was able to meet the 2012 debt services obligation to the City of $375,000. We did request and receive
an extension of one year for the loan debt payment owed to Northwest First Financial bank. This
extension has changed the maturity date from 12/31/2028 to 12/31/2029 (see Note 10).
Increased Sales Tax Revenues: For the past six years, the City of Edmonds and Snohomish County have
experienced significant increases in sales tax revenues. As macro -economic conditions continue to
improve, the sales tax revenue the District receives has increased and has helped to close the gap
between non -operating revenue and bond payments. The District received additional funds from
Snohomish County Public Facilities District in 2020 (referred to as the "Tier 2" allocation) for the seventh
time since FY 2009. The District received $178,847 in FY 2019 from this allocation, and as projected we
received $238,464 in FY 2020, further closing the gap between sales tax revenues and bond debt
expense.
2.2.i
Page 14
Extension of Public Facilities District Legislation: In 2017 the Washington State Legislature passed
House Bill 1201, and the Bill was subsequently signed into law by Governor Jay Inslee in April 2017
extending the sales tax rebate for Public Facilities Districts by a period of 15 years from 2027 to the year
2041. The extension of this funding source provides the District with several options for re -funding or
refinancing its long-term debt for capital maintenance, replacement, and improvements, or for
operations if required. In 2018, the District in collaboration with the Districts in the Public Facilities
District completed the allocation process for the extended sales tax rebate and projects an additional
$16 million dollars in tax revenue between the 2027 to 2041 period.
REQUESTS FOR INFORMATION
2.2.i
The following Financial Statements are designed to provide users with a general overview of the District's
financial performance as well as to demonstrate accountability to its citizens, investors, creditors, and
other customers. If you have a question about this report, please contact Edmonds Public Facilities
District, 410 Fourth Avenue North, Edmonds, Washington, 98020, (425) 275-4485.
Page 15
Edmonds Public Facilities District
Statement of Net Position
As of December 31, 2020
ASSETS:
Current Assets:
Cash and Cash Equivalents - Unrestricted
101,256
Cash and Cash Equivalents - Restricted
138,071
Customer Accounts Receivable
40,157
Pledges Receivable
127,702
Due from Other Governments
165,039
Inventory
5,270
Prepayments
59,523
Total Current Assets
$
637,019
Noncurrent Assets:
Land
$
3,444,885
Construction in Progress
162,146
Buildings, Equipment, Furniture and Other Depreciable Assets
15,242,301
Accumulated Depreciation
(8,396,678)
Total Noncurrent Assets
$
10,452,654
TOTAL ASSETS
$
11,089,672
DEFERRED OUTFLOWS OF RESOURCES
Deferred Outflows Related to Pensions
143,489
$
143,489
LIABILITIES:
Current Liabilities:
Accounts Payable
$
162,261
Wages and Benefits Payable
39,889
Unearned Ticket Sales and Other Unearned Revenue
468,131
Liabilities for Customer Deposits
28,255
Accrued I nterest
4,635
Current Portion of Long -Term Liabilities
703,509
Total Current Liabilities
$
1,406,680
Noncurrent Liabilities:
Loan Payable to First Financial NW Bank
$
2,242,813
Contractual Obligation to the City of Edmonds
2,185,000
Loan Payable to the City of Edmonds
1,215,552
Loan Payable to Dansound
3,860
Liability for Compensated Absences
67,138
Net Pension Liability
390,704
Total Noncurrent Liabilities
$
6,105,066
TOTAL LIABILITIES
$
7,511,746
DEFERRED INFLOWS OF RESOURCES
Deferred Inflows Related to Pensions
108,664
$
108,664
NET POSITION:
Net Investment in Capital Assets
4,101,920
Restricted
985,585
Unrestricted
(1,474,755)
TOTAL NET POSITION
$
3,612,750
The notes to the financial statements are an integral part of this statement
2.2.E
Page 16
Edmonds Public Facilities District
Statement of Revenue, Expenses and Changes in Net Position
For the Period Ended December 31, 2020
Operating Revenues
Ticket Sales and Fees
$ 109,635
Rentals
231,169
Education and Outreach
14,944
Concessions
44,122
Contributions
1,276,111
Advertising
975
Facilities
12,577
Total Operating Revenue
$ 1,689,533
Operating Expenses:
Artist Presentations and Theatre
$ 98,944
Rentals
39,478
Education and Outreach
48,779
Development
64,142
Advertising and Marketing
37,617
Payroll, Taxes and Employee Benefits
1,063,064
Pension Expense under GASB 68
(1,058)
Facilities Maintenance and Utilities
142,208
Contracted Services
1,692
Supplies and Other Operating Expenses
228,370
Depreciation
631,936
Total Operating Expenses
$ 2,355,172
Operating Income (Loss) $ (665,639)
Non -operating Revenue and (Expenses):
Intergovernmental Revenue
$ 898,873
Grant Revenue
130,806
Interest Expense
(146,215)
Interest Earned
601
Loss/Gain on Stock Realized
11
Non -Operating Income (Loss)
$ 884,077
TOTAL NET INCOME (LOSS)
$ 218,438
BEGINNING NET POSITION $ 3,394,313
END OF YEAR NET POSITION $ 3,612,750
The notes to the financial statements are an integral part of this statement
2.2.i
Page 17
Edmonds Public Facilities District
Statement of Cash Flows
For the Year Ended December 31, 2020
Cash Flows from Operating Activities:
Ticket Sales
135,617
Rental Receipts
235,429
Concession Sales
45,089
Contributions Received
1,200,537
Payments to Artists
(211,047)
Payments to Suppliers
(491,682)
Payments to Employees
(1,078,571)
Other Outside Payments
(103,451)
Net cash provided (used) by operating activities
$
(268,079)
Cash Flows from Noncapital Financing Activities:
Cash borrowed from the City of Edmonds
$
9,361
Cash flows from noncapital financing activities
$
9,361
Cash Flows from Capital and Related Financing Activities
Receipt of sales taxes & other intergovernmental payments
850,596
Receipt of grant revenue
130,806
Principal paid on long-term debt
Contractual obligation to the City of Edmonds
(375,000)
Principal paid Dansound
(23,157)
Principal paid loan payable City of Edmonds
Principal paid to FFNFB
Interest paid on long-term debt
(137,269)
Purchase of capital assets
(159,851)
Net cash flows from noncapital financing activities
$
286,125
Cash Flows from Investing Activities:
Interest received on investments
601
Loss on sale of investment
11
Loss/Gain Fixed Assets
-
Net cash provided by investing activities
$
612
Total adjustments
$
28,018
Beginning Cash
$
211,309
Ending Cash $
239,327
Reconciliation of Operating Loss to Net Cash Provided by Operating Activities
Operating Loss $
(665,639)
Adjustments to reconcile operating loss to net cash provided by operating activities:
Depreciation
631,936
Changes in assets and liabilities:
Accounts Receivables
(82,606)
Inventory
967
Prepayments
(23,846)
Account Payable
(144,959)
Salaries & Benefits Payable
(47,346)
Compensated Absences
30,781
Unearned revenues
(2,514)
Unearned customer deposits
(9,820)
Pension Liability
44,967
Net cash provided by operating activities $
(268,079)
The notes to the financial statements are an integral part of this statement.
2.2.i
Page 18
NOTES TO THE FINANCIAL STATEMENTS
NOTE 1— SIGNIFICANT ACCOUNTING POLICIES
The accounting and reporting policies of Edmonds Public Facilities District (referred to hereafter as the
"District"), which conform to generally accepted accounting principles for governments as prescribed by
the Governmental Accounting Standards Board (GASB), are regulated by the Washington State Auditor's
Office. The District's financial statements are comprised of the accounts of the District per se, a
government body, and its private -sector not -for -profit affiliate, Edmonds Center for the Arts (ECA). The
District's significant accounting policies are described below.
ECA follows accounting standards promulgated by the Financial Accounting Standards Board. It applies
those standards by utilizing guidance contained in the American Institute of Certified Public Accountants
Audit and Accounting Guide, "Not -for Profit Entities." Financial statements for ECA alone are included in
its Form 990, filed annually with the Internal Revenue Service. Copies of Forms 990 filed by ECA for the
three most recent years may be downloaded without charge from the website of Guidestar, Inc.
(http://www.guidestar.org/).
2.2.i
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of
resources related to pensions, and pension expense, information about the fiduciary net position of all state
sponsored pension plans and additions to/deductions from those plans' fiduciary net position have been
determined on the same basis as they are reported by the Washington State Department of Retirement
Systems. For this purpose, benefit payments (including refunds of employee contributions) are recognized
when due and payable in accordance with the benefit terms. Investments are reported at fair value.
A. Reoortine Entit
The Edmonds Public Facilities District was established under the authority of the Laws of the State of
Washington, 1999, Chapter 165, pursuant to Ordinance No. 3358 of the City Council of the City of Edmonds,
passed on April 24, 2001. Under RCW 35.57 the City has authority to form a public facilities district for the
purposes, inter alia, of acquiring, constructing, operating, promoting, and financing a regional center.
Edmonds Public Facilities District developed a performing arts center within the city of Edmonds called
Edmonds Center for the Arts that provides for meetings, conferences, community events, sporting events,
trade shows, and artistic, musical theatrical, or other cultural exhibitions, presentations or performances to
the City, the County, and the entire state and their residents. Edmonds Center for the Arts is a strong
contributor to the economic vitality of the region and is a source of great pride to the community and its
patrons, staff, and volunteers. The District is a municipal corporation in the State of Washington. It is a
discrete component unit of the City of Edmonds. Its governing board is appointed by the City Council of
Edmonds and comprises of five members who serve staggered four-year terms, with one term renewal
permitted.
ECA is a not -for -profit corporation organized and operated in conformity with Section 501(c) (3) of the
Internal Revenue Code. ECA's activities are limited to providing support for the District and its performing
arts center. ECA conducts various activities to raise funds, primarilyfrom private- sector sources, including
individuals, corporations and other businesses, and foundations. Its eighteen -member Board of Directors
is appointed by the Board of the District for three-year terms renewable two times. ECA Board members
provide advice and counsel to the entity. ECA's financial activities are included within the Financial
Statements of the District, as the non-profit is a blended component unit of the District.
Page 19
Edmonds Center for the Arts is grateful to host our performances and programs on the
culture -rich indigenous lands of the Coast Salish people. On behalf of our staff, Boards, and
volunteers, we are committed to working with local tribes to acknowledge and honor their
ancestral lands.
B. Basis of Accounting
The District uses the economic resources measurement focus and full accrual basis of
accounting, revenues are recognized when earned and expenses are recorded when incurred.
Regardless of the timing of the cash flows.
The District's operating expenses include all costs associated with its presenting, rental and
concessions businesses, as well as the costs associated with administration and fundraising. Financial
costs, principally interest expense, are recorded as non -operating expenses.
2.2.i
The District receives and records operating revenue from the sources described below. Sales tax rebate
receipts, intergovernmental revenues, as well as interest and other investment revenues as non -operating
iNTAMn«19
(1) Ticket Sales to ECA Presentations are recorded as a liability, "Unearned Revenue," until the date of
the performance. Ticket revenue is therefore recognized as earned on the date of each performance.
Tickets returned by patrons prior to performances are reclassified as contribution revenue at amounts
equal to the original ticket sale price and placed back into ticket inventory for resale.
(2) Rental Revenue is derived from rentals of the auditorium, as well as other spaces in the facility.
Rentals received in advance are recorded as "Unearned Revenue," a current liability on the Statement
of Net Position. Unpaid rents are recorded as accounts receivable.
(3) Sales Tax Revenue and Intergovernmental Revenue are recorded as non -operating revenues on the
Statement of Revenues, Expenses and Changes in Net Position. District sales tax revenue represents a
rebate of a portion of State of Washington sales taxes assessed and collected within the District.
Intergovernmental revenue consists of the proceeds of an Inter -Local Agreement between the City of
Edmonds, Edmonds Public Facilities District, Snohomish County, and the Snohomish County Public
Facilities District. That agreement provides for rebates of sales taxes assessed and collected elsewhere in
Snohomish County to public facilities districts in the county, including the District.
Under the agreements which generate these revenues, they must be used first to pay the annual
principal and interest on the District's long-term debt. The debt that must be so serviced comprises the
District's 2012 Contractual Obligation to the City of Edmonds (see Note 3). Loan payable to First Financial
Northwest Bank (see Note 3). Loan payable to the City of Edmonds (see Note 3). In any fiscal year in
which the Sales Tax and Intergovernmental Revenues exceed the amounts required to service those
three liabilities, the excess may be used by the District for operations, capital expenditures, or other debt
reduction.
In the event the District lacks sufficient non -voted debt capacity to incur indebtedness resulting from a
loan from the City, the District shall incur indebtedness for an amount equal to the District's remaining
non -voted debt capacity, if any, and any loan amount greater than the District's then -remaining non -voted
debt capacity shall be deemed an equity payment by the City to the District in exchange for an interest in
the Regional Center, which need not be repaid. Within 60 days after any such equity payment by the City,
Page 20
2.2.i
the District shall deliver to the City a quitclaim deed conveying to the City a tenancy -in -common interest in
the Regional Center. Such interest shall be a percentage ownership interest in the Regional Center, the
numerator of which shall be the sum of such equity payment and the costs of transferring title and
recording such quitclaim deed, and the denominator of which shall be the aggregate original principal
amounts of: (a) the Refunded Bonds, (b) all bonds issued by the City to finance the Regional Center, and
(c) any other bonds issued by the District to finance the Regional Center (excluding from clause (c) the
Note, the Prior Note (as defined in the Original Agreement) and any bonds, or any portion thereof, issued
to refinance bonds issued by the City or the District to finance the Regional Center).
The Sales Tax and Intergovernmental Revenues are recorded as revenue during the fiscal period in which
they are assessed. Revenues earned but not yet received are recorded as receivables.
(4) Contributions are the principal revenue source for Edmonds Center for the Arts. They are received
in three different forms: cash donations, donation of financial instruments, and donated performance
tickets. Contributions are recorded as revenue when they are in the form of voluntary unconditional
promises to give. ECA records donations as revenue on the date of receipt. ECA's policy is to sell
donated financial instruments immediately thereafter. Donated tickets are placed back into inventory
for sale to the public.
C. Cash and Cash Equivalents
In the statement of Net Position, Cash and Equivalents includes cash in the bank and short-term
investments held in the Washington State Local Government Investment Pool (LGIP), these investments
are reported at amortized cost.
D. Receivables
Customer accounts receivable consist of amounts due from private individuals or organizations for
goods and services. Pledged receivables consist of amounts due on promised contributions. The
amount due from governments consists of sales tax and sponsorships. Total receivables are listed below:
Customers $ 40,157
Pledges from Private Sources $127,702
Due from Government $165,039
Total Receivables $ 332,898
E. Inventories
Inventories consist primarily of goods held for sale as concessions. Inventories are valued at historic
cost under the FIFO identification method. Balance at 12/31/2020, $5,270. This resulted in a decrease
of $967 from 2019.
F. Restricted Assets
These accounts contain resources for debt services, grants, and facilities. Specific debt service reserve
requirements are described in (Note 3).
Page 21
2.2.i
The District implemented a facility ticket fee in 2017 which are designated for specific purposes generally
not part of the Operating Budget. Specifically, for the sole purpose of making capital improvements, or to
make emergency maintenance outside of the normal day to day operations of the facility with
authorization from the EPFD Board.
The amount due from governments consists of sales tax, contributions made from Snohomish County Tax
and Lodging, Edmonds Arts Commission, City of Edmonds Diversity Commission (posted to revenue but not
collected) and Donor restricted cash. From time to time, the District has found it necessary to obtain its
Board authority and approval to transfer funds temporarily to its Operations fund (Inter -fund Loan).
The restricted assets are composed of the following:
Cash — Debt Service $ 70,909
Cash — Facilities $ 45,669
Cash — Donation $ 21,493
Due from Governments $ 165,039
Inter -fund Loan $682,475
Total Restricted Assets $ 985,585
G. Compensated Absences
Employees who work 30 or more hours per week earn compensated vacation each pay period based on
the number of hours worked. The amount of paid leave an employee can earn depends on their length of
service with the organization and the number of hours they are regularly scheduled to work each week. A
maximum of 30 unused vacation days may be carried over from one year to the next.
Due to the Pandemic, the Board authorized management to extend the accrual of compensated absences
to employees who worked 30 hours or more prior to March 2020, and whose hours were reduced to 20 or
more hours still accrue as though they work 30 or more hours per week. This enhanced accrual will return
to the pre-covid accrual rate when staff return to full time working status.
The Districts long term year's liability at December 31, 2020 was $67,138. This resulted in an increase
of $30,781 from 2019.
H. Deferred Outflows/Inflows of Resources
In the Statement of Net Position, Deferred Outflows/Inflows of Resources is related to pensions. (See Note
6.)
NOTE 2 — CAPITAL ASSETS
Capital assets include land, buildings, equipment, and technology/software. The District capitalizes
purchased items having a useful life of more than one year and an acquisition value more than $2,000.
Due to the size of our organization the Board changed the policy from $5,000 to $2,000 in fiscal year 2019.
Purchased assets are recorded at cost when placed in service. The District's major capital asset is its 2006
renovated auditorium and the un-renovated structure of which it forms a part. That building is being
depreciated over a 25-year life using the straight- line method. Other capital assets are depreciated
Page 22
over a period of 15 years or less using the straight-line method. Land and construction in progress are
not depreciated. Donated Assets are valued at acquisition cost. For major maintenance or replacements of
the 2006 renovation components (pre-existing asset), the district adjusts the asset record for the addition
and the removal. Capitalizes subsequent replacements or major maintenance (ex: such as new roof) and
adjusts the existing asset record (and accumulated depreciation) for the removal or disposal (ex: such as of
the old roof).
To determine how to evaluate the component costs removed from the larger, the removal of the asset
record will be determined by using an Inflation Calculator https://www.usinflationcalculator.com/. After
removing accumulated depreciation, a gain or loss of the disposal would be recognized. The new asset will
be depreciated over the life of the asset.
The schedule that follows shows beginning and ending balances, as well as the changes in capital assets and
accumulated depreciation during the year ended December 31, 2020.
Schedule of Capital Asset Activity
Balance Balance
1/1/2019 12/31/2020
Increases Decreases
Land
3,444,885
3,444,885
Construction in Progress
2,295 159,851
162,146
Total capital assets, non -depreciable:
$3,447,180 159,851
$3,607,031
Capital assets, depreciable: Building
14,647,619
14,647,619
Furniture and Equipment
565,904
565,904
Technology and Software
28,778
28,778
Total capital assets depreciable:
$15,242,301
$15,242,301
Less accumulated depreciation for:
(7,400,637)
(587,638)
(7,988,275)
Building
Furniture and Equipment
(335,326)
(44,299)
(379,625)
Technology and Software
(28,778)
(28,778)
Total accumulated depreciation:
(7,764,741)
(631,937)
(8,396,678)
Total net depreciable capital assets:
$7,477,560
(631,937)
$6,845,623
Total capital assets, net:
$10,924,739 (631,937) $10,452,654
2.2.i
Page 23
NOTE 3 — LONG-TERM DEBT
2.2.i
In 2008, Edmonds Public Facilities District issued Sales Tax Obligation and Refunding Bonds in the amount
of $4,000,000. The bond proceeds were used to refund the District's outstanding balance on its 2005
General and Revenue Obligation Line of Credit ($3,883,804). The remaining proceeds were used to pay
bond issuance costs and a portion was placed in reserve for future debt payments. The Bonds were issued
pursuant to chapters 35.57 and 39.46 of the Revised Code of Washington and Resolution No. 27 adopted
by the District's Board of Directors. When the Sales Tax Obligation and Refunding Bonds were issued, the
District entered into a Contingent Loan Agreement (CLA) with the City of Edmonds (the City) providing
credit support for the bonds.
The CLA (original agreement dated July 14th, 2008) states that the City pledges its "full faith, credit and
resources" in an "absolute and unconditional" obligation to lend money to the District for paying debt
service on the bonds.
The total principal and interest due on the CLA at December 31, 2020 is $1,215,552. Interest accrues on
the outstanding balance at the Local Government Investment Pool rate as determined as of the last day of
each month in which the loan is outstanding and shall change monthly as of the first day each month in
which the loan is outstanding. Unless paid earlier, all loans shall mature on December 31', 2028.
Resolution No. 2018-2, adopted on October 25, 2018, and entitled " A resolution of the District providing
for the issuance of a note in the principal amount of not to exceed $3,000,000, to provide funds with
which to repay and redeem in a current refunding of its outstanding Sales Tax Obligation and refunding
bonds, 2008, and pay the costs of issuance of the note and administering the refunding plan;
The 2008 Sales Tax Obligation and Refunding Bonds were refinanced in 2018. The District borrowed
$2,803,516 from First Financial Northwest Bank.
The Amended Contingent Loan Agreement (CLA):
This first amended and restated CLA is dated November 15th, 2018 and amends and restates the CLA dated
July 14th, 2008 (the original agreement), by and between the City of Edmonds and the District. The City of
Edmonds and the District entered into this agreement solely for the purpose of providing credit support for
the District's Loan (promissory) note, 2018 issued in the amount of $2,803,516. Under the new CLA the
District did not borrow any funds. The loan amount did not exceed the amount necessary to refund the
Refunded 2008 Bonds and pay the cost of issuance and sale of the note.
Page 24
NOTE 3 — LONG-TERM DEBT
Loan: First Financial Northwest Bank outstanding as follows:
Interest Balance Paid in Balance
Issue Name Rates 12/31/2019 2020 12/31/2020
First Financial Northwest 3% $2,523,164 0 $2,523,164
Bank
Following is a table which reflects debt service to maturity for the Contractual Obligation to the
First Financial Northwest Bank:
Year
Principal
Interest
Total
2021
280,352
76,957
357,308
2022
280,352
68,219
348,571
2023
280,352
59,692
340,043
2024
280,352
51,164
331,516
2025-2029
1,401,756
128,048
1,529,806
$2,523,164
$384,080
$2,907,244
Contractual Obligation to the City of Edmonds 2012:
2.2.i
In 2002, Edmonds Public Facilities District became obligated under an inter -local agreement with the City
of Edmonds to apply its receipts of sales tax revenues to the City over the life of the City's Limited General
Obligation Bonds issued in 2002. A major portion of the proceeds of that bond issue was used for the
acquisition, renovation, and initial operation of a Performing Arts Center by the District.
On October 12, 2012, the City of Edmonds refunded the 2002 Limited Tax General Obligation Refunding
Bonds with a face amount of $5,650,000. The 2012 refunding bonds are in total a liability of the City of
Edmonds and are not reported as liability of the District. However, the District remains contractually
obligated to the City of Edmonds to continue to apply its sales tax receipts to the City under the Inter -
local agreement as per the schedule below. The liability to the City has been appropriately recorded on
the District's Statement of Net Position as "Contractual Obligation to the City of Edmonds." The amount
of the District's obligation to the City at the date of refunding was $4,965,000 with interest rates ranging
from 1.75% to 3.0%, depending on the maturity of each principal installment. The bonds are scheduled to
be retired in annual amounts beginning in 2013 and continuing through 2026.
Page 25
NOTE 3 — LONG-TERM DEBT
District Contractual Obligation to the City of Edmonds currently outstanding as follows:
Interest Balance Paid in Balance
Issue Name Rates 12/31/2019 2020 12/31/2020
Contractual Obligation to 1.75%-3% $2,960,000 $375,000 $2,585,000
the City of Edmonds
Following is a table which reflects debt service to maturity for the Contractual Obligation to the
City of Edmonds:
Year
Principal
Interest
Total
2021
400,000
53,093
453,093
2022
430,000
41,093
471,093
2023
455,000
32,493
487,493
2024-2026
1,300,000
46,620
1,346,620
$2,585,000
$173,299
$2,758,299
A promissory note was issued with DanSound to facilitate the purchase of the District's Meyer Melodie
sound array for use in the theater. The purchase of this equipment was funded by a Snohomish County
Grant awarded in 2018 for theater upgrades. A portion of the grant was allocated as a $30,000 down
payment for the upgrade, and a promissory note was issued at zero percent interest for the remaining
balance. The District has benefited from this arrangement as previously when artists contract's required
enhanced sound equipment, the District would be required to rent this equipment. By owning this sound
equipment, the District saves on average over $20,000 a year inclusive of the annual payments noted
above.
Promissory Note to DanSound currently outstanding as follows:
Interest Balance Paid in Balance
Issue Name Rates 12/31/2019 2020 12/31/2020
Note Payable to 0
0% $50,174 $23,157 $27,017
Dansound
2.2.i
Page 26
NOTE 3 — LONG-TERM DEBT
Following is a table which reflects debt service to maturity for the Promissory Note Payable
to DanSound:
Year Principal Interest Total
2021 23,157 0.00 23,157
2022 3,860 0.00 3,860
$27,017 $0.00 $27,017
NOTE 4—CHANGES IN LONG-TERM LIABILITIES
During the year ended December 31, 2020, the following changes occurred in long-term
liabilities:
2.2.i
Due
Balance
Balance
Within
Issue Name
12/31/2019
Additions
Reductions
12/31/2020
One Year
First Financial Northwest
Bank
2,523,164
2,523,164
280,352
Contractual Obligation: City
2,960,000
(375,000)
2,585,000
400,000
of Edmonds
CLA - City of Edmonds
1,206,191
9,361
1,215,552
0
DanSound
50,174
(23,157)
27,017
23,157
Net Pension Liability
345,737
44,967
390,704
0
Compensated Absences
36,357
30,781
67,138
0
Total Long -Term Liabilities
$7,121,623
$85,109
($398,157)
$6,808,575
$703,509
Page 27
NOTE 5 — OTHER INCOME
In August of 2020, the District began the process of renovating its Theatre, Sound and Meeting Rooms,
through a Snohomish County Lodge Tax Advisory Committee grant in the amount of $125,000. This
project has provided new equipment and facilitate more efficient services for the Districts patrons. The
improved operations eventually are expected to create increased ticket and concessions revenue.
The District also received a $53,000 Community Development Block Grant through Snohomish County
which funded its Barrier Removal Project in its theater. This project was funded to reopen the egress in
the center of the auditorium by moving its sound mixing station back opening the cross -theater aisle.
These modifications doubled ADA accessible seating on the main level of the theater, including an ADA
wheelchair and companion seat in the center of the house. The project launched in the 3rd quarter of
2020 and was completed in early 2021.
The District received two grants in FY 2015 for replacing the gymnasium roof: $225,000 from Snohomish
County, and $250,000 from the State of Washington, for a total of $475,000 for the project. Since the
roof replacement project is complete, any remaining funds from the State appropriation may be invested
to help address additional improvements in the gymnasium. During 2020, the continued improvements
were invested in the gymnasium by replacing a non-functioning scoreboard. These improvements will
increase the marketability of this section of the building.
From the above grants, we received $130,806 in 2020.
2.2.i
Page 28
NOTE 6 — PENSION PLANS
The following table represents the aggregate pension amounts for all plans for the year 2020:
Aggregate Pension Amounts —All Plans
Pension liabilities
$ 390,704
Pension assets
$ 0
Deferred outflows of resources
$ 143,489
Deferred inflows of resources
$ 108,664
Pension expense/expenditures
$ 58,893
State Sponsored Pension Plans
2.2.i
Substantially all Edmonds Public Facilities District full-time and qualifying part-time employees participate in
one of the following statewide retirement systems administered by the Washington State Department of
Retirement Systems, under cost -sharing, multiple -employer public employee defined benefit and defined
contribution retirement plans. The state Legislature establishes, and amends, laws pertaining to the creation
and administration of all public retirement systems.
The Department of Retirement Systems (DRS), a department within the primary government of the State of
Washington, issues a publicly available Comprehensive Annual Financial Report that includes financial
statements and required supplementary information for each plan. The DRS Comprehensive Annual Financial
Report may be obtained by writing to:
Department of Retirement Systems
Communications Unit
P.O. Box 48380
Olympia, WA 98540-8380
Or the DRS Comprehensive Annual Financial Report may be downloaded from the DRS website at
www.drs.wa.gov.
Public Employees' Retirement System (PERS)
PERS members include elected officials; state employees; employees of the Supreme, Appeals and Superior
Courts; employees of the legislature; employees of district and municipal courts; employees of local
governments; and higher education employees not participating in higher education retirement programs.
PERS is comprised of three separate pension plans for membership purposes. PERS plans 1 and 2 are defined
benefit plans, and PERS plan 3 is a defined benefit plan with a defined contribution component.
PERS Plan 1 provides retirement, disability and death benefits. Retirement benefits are determined as two
percent of the member's average final compensation (AFC) times the member's years of service. The AFC is
the average of the member's 24 highest consecutive service months.
Page 29
Members are eligible for retirement from active status at any age with at least 30 years of service, at age 55
with at least 25 years of service, or at age 60 with at least five years of service.
Members retiring from active status prior to the age of 65 may receive actuarially reduced benefits.
Retirement benefits are actuarially reduced to reflect the choice of a survivor benefit. Other benefits include
duty and non -duty disability payments, an optional cost -of -living adjustment (COLA), and a one-time duty -
related death benefit, if found eligible by the Department of Labor and Industries. PERS 1 members were
vested after the completion of five years of eligible service. The plan was closed to new entrants on
September 30, 1977.
Cnntrihutinnt
The PERS Plan 1 member contribution rate is established by State statute at 6 percent. The employer
contribution rate is developed by the Office of the State Actuary and includes an administrative expense
component that is currently set at 0.18 percent. Each biennium, the state Pension Funding Council adopts
Plan 1 employer contribution rates. The PERS Plan 1 required contribution rates (expressed as a percentage
of covered payroll) for 2020 were as follows:
PERS Plan 1
Actual Contribution Rates
Employer
Employee
January — August 2020
PERS Plan 1
7.92%
6.00%
PERS Plan 1 UAAL
4.76%
Administrative Fee
0.18%
Total
12.86%
6.00%
September— December
2020
PERS Plan 1
7.92%
6.00%
PERS Plan 1 UAAL
4.87%
Administrative Fee
0.18%
Total
12.97%
6.00%
2.2.i
Page 30
2.2.i
The PERS Plan 2/3 provides retirement, disability, and death benefits. Retirement benefits are determined
as two percent of the member's average final compensation (AFC) times the member's years of service for
Plan 2 and 1 percent of AFC for Plan 3. The AFC is the average of the member's 60 highest -paid consecutive
service months. There is no cap on years of service credit. Members are eligible for retirement with a full
benefit at 65 with at least five years of service credit. Retirement before age 65 is considered an early
retirement. PERS Plan 2/3 members who have at least 20 years of service credit and are 55 years of age or
older, are eligible for early retirement with a benefit that is reduced by a factor that varies according to age
for each year before age 65. PERS Plan 2/3 members who have 30 or more years of service credit and are at
least 55 years old can retire under one of two provisions:
• With a benefit that is reduced by three percent for each year before age 65; or
With a benefit that has a smaller (or no) reduction (depending on age) that imposes stricter return -
to -work rules.
PERS Plan 2/3 members hired on or after May 1, 2013 have the option to retire early by accepting a reduction
of five percent for each year of retirement before age 65.
This option is available only to those who are age 55 or older and have at least 30 years of service credit.
PERS Plan 2/3 retirement benefits are also actuarially reduced to reflect the choice of a survivor benefit.
Other PERS Plan 2/3 benefits include duty and non -duty disability payments, a cost -of -living allowance (based
on the CPI), capped at three percent annually and a one-time duty related death benefit, if found eligible by
the Department of Labor and Industries. PERS 2 members are vested after completing five years of eligible
service. Plan 3 members are vested in the defined benefit portion of their plan after ten years of service; or
after five years of service if 12 months of that service are earned after age 44.
PERS Plan 3 defined contribution benefits are totally dependent on employee contributions and investment
earnings on those contributions. PERS Plan 3 members choose their contribution rate upon joining
membership and have a chance to change rates upon changing employers. As established by statute, Plan 3
required defined contribution rates are set at a minimum of 5 percent and escalate to 15 percent with a
choice of six options. Employers do not contribute to the defined contribution benefits. PERS Plan 3
members are immediately vested in the defined contribution portion of their plan.
Cnntrihutinns
The PERS Plan 2/3 employer and employee contribution rates are developed by the Office of the State
Actuary to fully fund Plan 2 and the defined benefit portion of Plan 3. The Plan 2/3 employer rates include a
component to address the PERS Plan 1 UAAL and an administrative expense that is currently set at 0.18
percent. Each biennium, the state Pension Funding Council adopts Plan 2 employer and employee
contribution rates and Plan 3 contribution rates. The PERS Plan 2/3 required contribution rates (expressed
as a percentage of covered payroll) for 2020 were as follows:
Page 31
PERS Plan 2/3
Actual Contribution Rates
Employer 2/3
Employee 2
January — August 2020
PERS Plan 2/3
7.92%
7.90%
PERS Plan 1 UAAL
4.76%
Administrative Fee
0.18%
Employee PERS Plan 3
Varies
Total
12.86%
7.90%
September — December
2020
PERS Plan 2/3
7.92%
7.90%
PERS Plan 1 UAAL
4.87%
Administrative Fee
0.18%
Employee PERS Plan 3
Varies
Total
12.97%
7.90%
2.2.i
The Districts actual PERS plan contributions were $36,244 to PERS Plan 1 and $59,951 to PERS Plan 2/3 for
the year ended December 31, 2020.
Actuarial Assumptions
The total pension liability (TPL) for each of the DRS plans was determined using the most recent actuarial
valuation completed in 2020 with a valuation date of June 30, 2019. The actuarial assumptions used in the
valuation were based on the results of the Office of the State Actuary's (OSA) 2013-2018 Experience Study
and the 2019 Economic Experience Study.
Additional assumptions for subsequent events and law changes are current as of the 2019 actuarial valuation
report. The TPL was calculated as of the valuation date and rolled forward to the measurement date of June
30, 2020. Plan liabilities were rolled forward from June 30, 2019, to June 30, 2020, reflecting each plan's
normal cost (using the entry -age cost method), assumed interest and actual benefit payments.
• Inflation: 2.75%total economic inflation; 3.50%salary inflation
Salary increases: In addition to the base 3.50%salary inflation assumption, salaries are also expected
to grow by promotions and longevity.
Page 32
• Investment rate of return: 7.4%
2.2.i
Mortality rates were developed using the Society of Actuaries' Pub. H-2020 mortality rates, which vary by
member status, as the base table. The OSA applied age offsets for each system, as appropriate, to better
tailor the mortality rates to the demographics of each plan. OSA applied the long-term MP-2017 generational
improvement scale, also developed by the Society Actuaries, to project mortality rates for every year after
the 2010 base table. Mortality rates are applied on a generational basis; meaning, each member is assumed
to receive additional mortality improvements in each future year throughout his or her lifetime.
There were changes in methods and assumptions since the last valuation.
• OSA updated its demographic assumptions based on the results of its latest demographic experience
study. See OSA's 2013-2018 Demographic Experience Study at leg.wa.gov/osa.
• OSA updated the Early Retirement Factors and Joint -and -Survivor factors used in its model to match
the ones implemented by DRS on October 1, 2020. These factors are used to value benefits for
members who elect to retire early and for survivors of members that die prior to retirement.
• The valuation includes liabilities and assets for Plan 3 members purchasing Total Allocation Portfolio
annuities when determining contribution rates and funded status.
Discount Rate
The discount rate used to measure the total pension liability for all DRS plans was 7.4 percent.
To determine that rate, an asset sufficiency test was completed to test whether each pension plan's fiduciary
net position was sufficient to make all projected future benefit payments for current plan members. Based
on OSA's assumptions, the pension plans' fiduciary net position was projected to be available to make all
projected future benefit payments of current plan members. Therefore, the long-term expected rate of
return of 7.4 percent was used to determine the total liability.
Long -Term Expected Rate of Return
The long-term expected rate of return on the DRS pension plan investments of 7.4 percent was determined
using a building -block -method. In selecting this assumption, the Office of the State Actuary (OSA) reviewed
the historical experience data, considered the historical conditions that produced past annual investment
returns, and considered Capital Market Assumptions (CMA's) and simulated expected investment returns
provided by the Washington State Investment Board (WSIB). The WSIB uses the CMA's and their target asset
allocation to simulate future investment returns at various future times.
Estimated Rates of Return by Asset Class
Best estimates of arithmetic real rates of return for each major asset class included in the pension plan's
target asset allocation as of June 30, 2020, are summarized in the table below. The inflation component used
to create the table is 2.2 percent and represents the WSIB's most recent long-term estimate of broad
economic inflation.
Page 33
Target Allocation
% Long -Term Expected
Real Rate of Return
Arithmetic
Fixed Income
20%
2.20%
Tangible Assets
7%
5.10%
Real Estate
18%
5.80%
Global Equity
32%
6.30%
Private Equity
23%
9.30%
100 %
Sensitivity of the Net Pension Liability/(Asset)
The table below presents the District's proportionate share of the net pension liability calculated using the
discount rate of 7.4 percent, as well as what the District's proportionate share of the net pension liability
would be if it were calculated using a discount rate that is 1-percentage point lower (6.4 percent) or 1-
percentage point higher (8.4 percent) than the current rate.
1% Decrease
(6.4%)
Current Discount
Rate
(7.4%)
1% Increase
(8.4%)
PIERS 1
$ 4,422,202,000
$ 3,530,540,000
$ 2,752,919,000
0.007533%
333,124
265,956
207,377
PIERS 2/3
7,957,926,000
1,278,943,000
(4,221,203,000)
0.009754%
776,216
124,748
(411,736)
2.2.E
Page 34
Pension Plan Fiduciary Net Position
Detailed information about the State's pension plans' fiduciary net position is available in the separately
issued DRS financial report.
Pension Liabilities (Assets), Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of
Resources Related to Pensions
At June 30, 2020, the District reported a total pension liability of $390,704 for its proportionate share of the
net pension liabilities as follows:
Liability (or Asset)
PERS 1 $265,956
PERS 2/3 $124,748
At June 30, 2020, the District's proportionate share of the collective net pension liabilities was as follows:
Proportionate
Proportionate
Change in
Share 6/30/20
Proportion
Share 6/30/19
PERS 1
.006779%
.007533%
.000754%
PERS 2/3
.008757%
.009754%
.000997%
Employer contribution transmittals received and processed by the DRS for the fiscal year ended June 30 are
used as the basis for determining each employer's proportionate share of the collective pension amounts
reported by the DRS in the Schedules of Employer and Nonemployer Allocations.
The collective net pension liability (asset) was measured as of June 30, 2020, and the actuarial valuation date
on which the total pension liability (asset) is based was as of June 30, 2019, with update procedures used to
roll forward the total pension liability to the measurement date.
Pension Expense
For the year ended December 31, 2020, the District recognized pension expense as follows:
Pension Expense
PERS 1
$38,989
PERS 2/3
$19,904
TOTAL
$58,893
2.2.i
Page 35
Deferred Outflows of Resources and Deferred Inflows of Resources
At December 31, 2020, the District reported deferred outflows of resources and deferred inflows of resources
related to pensions from the following sources:
PIERS 1
Deferred Outflows
Deferred Inflows
of Resources
of Resources
Differences between expected and actual
$0
$0
experience
Net difference between projected and actual
$0
$(1,481)
investment earnings on pension plan investments
Changes of assumptions
$0
$0
Changes in proportion and differences between
$0
$0
contributions and proportionate share of
contributions
Contributions subsequent to the measurement
$13,516
$0
date
TOTAL
$13,516
$(1,481)
Deferred outflows of resources related to pensions resulting from the District's contributions subsequent to
the measurement date will be recognized as a reduction of the net pension liability in the year ended
December 31, 2021. Other amounts reported as deferred outflows and deferred inflows of resources related
to pensions will be recognized in pension expense as follows:
Year ended
December 31
PERS 1
2021
(6,720)
2022
(211)
2023
2,050
2024
3,400
2025
0
Thereafter
0
TOTAL
(1,481)
2.2.i
Page 36
PERS 2/3
Deferred Outflows
Deferred Inflows
of Resources
of Resources
Differences between expected and actual
$44,658
$(15,634)
experience
Net difference between projected and actual
$0
$(6,335)
investment earnings on pension plan investments
Changes of assumptions
$1,777
$(85,214)
Changes in proportion and differences between
$61,404
$0
contributions and proportionate share of
contributions
Contributions subsequent to the measurement
$22,134
$0
date
TOTAL
$129,973
$(107,183)
Deferred outflows of resources related to pensions resulting from the District's contributions subsequent to
the measurement date will be recognized as a reduction of the net pension liability in the year ended
December 31, 2021. Other amounts reported as deferred outflows and deferred inflows of resources related
to pensions will be recognized in pension expense as follows:
Year ended
December 31
PERS 2/3
2021
(37,611)
2022
1,777
2023
16,369
2024
20,045
2025
1,025
Thereafter
(952)
TOTAL
658
2.2.i
Page 37
2.2.i
ALL PLANS
Deferred Outflows
Deferred Inflows
of Resources
of Resources
Differences between expected and actual
$44,658
$(15,634)
experience
Net difference between projected and actual
$0
$(7,816)
investment earnings on pension plan investments
Changes of assumptions
$1,777
$(85,214)
Changes in proportion and differences between
$61,404
$0
contributions and proportionate share of
contributions
Contributions subsequent to the measurement
$35,650
$0
date
TOTAL
$143,489
$(108,664)
Page 38
NOTE 7 — LONG-TERM RENTAL AGREEMENT
2.2.i
In 2006, the District entered a long-term rental agreement with a customer for the use of some of its
facilities on designated future dates. The initial term of the agreement was ten years, which expired on
October 31, 2018, with the tenant having options to renew for three successive five- year terms. The tenant
exercised its option, and the agreement now extends through December 31, 2023, with options for two
additional five-year terms. The rent is received in monthly payments to the District and totaled $39,262 in
2020, which is included in "Rental Revenues" on the District's Statement of Revenues, Expenses and
Changes in Net Position.
In light the current pandemic this long-term renter's access to the facilities was restricted due to state
mandated health protocols. During this period, the District was able to maintain some portion of its revenue
through a pro -rated rental rate. This adjusted rental rate was negotiated by granting the renter limited
access to the rental spaces as well as taking advantage of the facility's outdoor space and use of its parking
lot.
The tenant has every intention on renewing the agreement beyond 2023: rents for the year 2021 through
2023 will be:
Year 2021 $91,817
Year 2022 $94,571
Year 2023 $97,408
NOTE 8 — DEPOSIT AND INVESTMENTS
Credit Risk. The District complies with state law which requires all investments of the District's funds be
obligations of the U.S. Government, U.S. agency issues, Obligations of the State of Washington,
repurchase agreements, prime banker's acceptances, the Washington State Local Government Investment
Pool (LGIP), and time certificates of deposit with authorized Washington State banks.
Custodial Credit Risk - Deposits. All District and ECA deposits are insured by Federal Depository
Insurance Corporation (FDIC) coverage limits.
The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership
category. The FDIC provides separate coverage for deposits held in different account ownership categories
Depositors may qualify for coverage over $250,000 if they have funds in different ownership categories
and all FDIC requirements are met. All deposits that an accountholder has in the same ownership category
at the same bank are added together and insured up to the standard insurance amount.
Investments. The district is a participant in the Local Government Investment Pool was authorized by
Chapter 294, Laws of 1986, and is managed and operated by the Washington State Treasurer. The State
Finance Committee is the administrator of the statute that created the pool and adopts rules. The State
Treasurer is responsible for establishing the investment policy for the pool and reviews the policy annually
and proposed changes are reviewed by the LGIP advisory Committee.
Investments in the LGIP, a qualified external investment pool, are reported at amortized cost which
approximates fair value. The LGIP is an unrated external investment pool. The pool portfolio is invested in a
manner that meets the maturity, quality, diversification, and liquidity requirements set forth by the GASB 79
Page 39
for external investments pools that elect to measure, for financial reporting purposes, investments at
amortized cost. The LGIP does not have any legally binding guarantees of share values.
The LGIP does not impose liquidity fees or redemption gates on participant withdrawals.
The Office of the State Treasurer prepares a stand-alone LGIP financial report. A copy of the report is
available from the:
Office of the State Treasurer, PO Box 40200, Olympia, Washington 98504-0200, online at
http://www.tre.wa.gov.
As of December 31, 2020, the District held $31,181 in the LGIP at amortized cost.
NOTE 9 — RISK MANAGEMENT
Edmonds Public Facilities District is a member of Enduris. Chapter 48.62 RCW provides the exclusive source
of local government entity authority to individually orjointly self -insure risks, jointly purchase insurance or
reinsurance, and to contract for risk management, claims, and administrative services. The Pool was formed
July 10, 1987 pursuant to the provisions of Chapter 48.62 RCW, Chapter 200-100 WAC, and Chapter 39.34
RCW when two counties and two cities in the State of Washington joined together by signing an interlocal
governmental agreement to fund their self -insured losses and jointly purchase insurance and administrative
services. As of August 31, 2020, there are 547 Enduris members representing a broad array of special
purpose districts throughout the state. Enduris provides property and liability coverage as well as risk
management services and other related administrative services.
Members make an annual contribution to fund the Pool and share in the self -insured retention. The self -
insured retention is:
• $1,000,000 self -insured retention on liability loss - the member is responsible for the first $1,000 of
the amount of each claim, while Enduris is responsible for the remaining $999,000 on a liability loss.
$250,000 self -insured retention on property loss - the member is responsible for the first $1,000 of
the amount of each claim, while Enduris is responsible for the remaining $249,000 on a property
loss. For property losses related to boiler and machinery Enduris is responsible for the first $4,000 of
the claim.
Enduris acquires reinsurance from unrelated insurance companies on a "per occurrence" basis to cover all
losses over the self -insured retentions as shown on the policy maximum limits. Liability coverage is for all
lines of liability coverage including Public Official's Liability. The Property coverage is written on an "all risk",
blanket basis using current Statement of Values. The Property coverage includes but is not limited to mobile
equipment, boiler and machinery, electronic data processing equipment, business interruption, course of
construction and additions, property in transit, fine arts, cyber and automobile physical damage to insured
vehicles. Liability coverage limit is $20 million per occurrence and property coverage limit is $800 million per
occurrence. Enduris offers crime coverage up to a limit of $1 million per occurrence.
Since Enduris is a cooperative program, there is joint liability among the participating members.
2.2.i
Page 40
The contract requires members to remain in the Pool for a minimum of one year and must give notice 60
days before terminating participation. The Master Agreement (Intergovernmental Contract) is automatically
renewed after the initial one (1) full fiscal year commitment. Even after termination, a member is still
responsible for contribution to Enduris for any unresolved, unreported and in -process claims for the period
they were a signatory to the Master Agreement. Enduris is fully funded by its member participants. Claims
are filed by members with the Pool and are administered in house.
The Pool is governed by a Board of Directors which is comprised of seven board members. The Pool's
members elect the Board, and the positions are filled on a rotating basis. The Board meets quarterly and is
responsible for conducting the business affairs of Enduris.
The District believes its various property and casualty risks are covered appropriately by its Enduris
Membership. The amount of settlements has not exceeded insurance coverage in the last three years.
NOTE 10— FINANCIAL CONDITION
The Board of Directors and Management of Edmonds Public Facilities District are confident that the financial
condition of the District is stable, and that the strategies outlined in the Management's Discussion and Analysis
section of this report will lead to long-term financial stability.
Further, the recently adopted extension of the Public Facilities District legislation by the State of Washington will
conservatively provide an estimated $16 Million in new projected revenue. This new law extends the current
legislation establishing and governing Public Facilities Districts, including the related sales tax rebate, by a
period of 15 years beyond its original sunset date (2026) to the year 2041. The extension of this funding
source will provide the District with several options for re -funding or refinancing long-term debt for capital
maintenance, replacement, or improvements.
The District continues to focus on revenue development through new programming, the acquisition of
multi -year capital investment grants, continued partnership with the City of Edmonds and expansion of
rental activities within the facilities.
This chart provides a two-year look at actual revenues for Fiscal Years 2019 — 2020 from these three
intergovernmental revenue streams.
Tax Revenue 2019-2020
Tax Revenue Source:
2019
2020
State of Washington Direct Sales Tax Rebate
$334,200
$335,538
Snohomish County "Tier 1" Agreement
$311,227
$324,871
Snohomish County "Tier 2" Agreement
$178,846
$238,464
Total:
$824,273
$898,873
2.2.i
Page 41
NOTE 10— FINANCIAL CONDITION
2.2.i
District staff will continue to focus on improving operating efficiencies, although 2020 it noted dramatic
decreases in both operating expenses and revenues due the pandemic. District management reacted quickly
modifying its operations and staffing. The District was able to participate in the shared work program
though the State of Washington which allowed it to maintain nearly all its staff at 50% of the cost to the
District. The modification of staff hours and the participation in the State of Washington's Shared Work
program reduced the Districts payroll costs from $1,464,492.57 in 2019 to $1,063,064 at the close of 2020.
This adjustment which was implemented in March of 2020 for the districts event staff and June of 2020 for
its administrative staff reduced the year over year payroll costs by $401,428.57 or by 27.4%.
The district's non -operating revenue continued to increase during the pandemic. On average the District
conservatively calculates tax revenue growth at 3.6%, however, in 2020 staff noted revenue exceed growth
estimates and completed the fiscal year at 5% growth overall. All indications suggest that this growth will
continue into 2021.
The District implemented multiple strategies to both protect existing resources as well as securing additional
financial support through the fiscal year. Staff were able to manage private partnerships within the
community and noted an actual increase in contributed revenue approximately $98,000 or 8.1% when
compared to the prior year. District staff were also able protect its resources by negotiating a one-year
extension of their recently refinanced 2018 Bonds with First Financial Northwest Bank. This extension
allowed the district to forego $280,000 principal payment, representing significant cashflow relief at the end
of the year.
In FY 2020, it is important to note that the District's depreciation expense comprised 26.8% of its reported
operating expenses. Due to the pandemic impact on operations this represented a significantly higher
percentage of its operating expenses. In 2020 the financial statements noted an 8.7% increase in this number
when compared to the prior year. Furthermore, a performing arts center relies upon ticket revenue, rental
revenue, and private contributions to meet its annual operating requirements and, therefore, it can be
challenging to achieve an operating surplus of 20% or higher each fiscal year to cover depreciation. To help
meet this challenge, the District collects a historic facility preservation fee on tickets sold through the Edmonds
Center for the Arts box office that is restricted to capital maintenance and replacement. The district noted a
substantial drop in funds collected in 2020. This reduction was due solely to the pandemic and District staff
anticipate a sharp rebound following the easing of COVID related restrictions.
Page 42
NOTE 11—SUBSEQUENT EVENTS
The Board of Directors and Management of Edmonds Public Facilities District have identified and acted
upon several opportunities following the close of this reporting period which will further assure the
financial stability of the District. For example, the District currently is in the process of refinancing bond
debt, implementing operational cost savings, procuring new theater equipment with Snohomish County
grant funds as well as focusing on new revenue sources and identifying staffing efficiencies.
• Partnership with the City of Edmonds: In January 2021, the District received operating support from
the City of Edmonds in the amount $50,000 for the second time. District staff plan to continue to
search for new partnership opportunities with the City of Edmonds.
Bond Refinancing: In late 2021 the District will pursue the refinancing its 2012 Bonds. The District is
assessing the possibility of stretching the existing debt out through 2041 significantly lowering its
annual debt services payment. The refinancing of the bonds would also allow the District to forego a
principal payment on the Bond for that year, which represents a $400,000 reduction of cash
expenditures during this performance period. The District would then apply a portion of these
savings and future debt services savings to capital investments and creating a reserve from the
district's annual surplus.
• Multi Year Grant: In early 2020, District staff successfully applied for a multi -year grant from
Snohomish County's Hotel Lodging Tax Committee in the amount of $100,000 per year between
2021 through 2025. These funds can be used to support debt service payments as well as being
invested into capital improvements. The contract was successfully negotiated in 2021 and the
District expects its first distribution by summer of 2021.
Lifting of COVID-19 Related Cost Reductions: District staff are working under operating restrictions
due to the COVID-19 pandemic. As of March 2020, the District has furloughed all hourly event staff,
closed the facilities to the public, cancelled all events as well as meetings and Performances. As of
June 2020, all remaining administrative staff have been placed on half-time. As of the close of first
quarter in 2021 management is has forecasted cash projections through the end of 2021 in light of
the impact of COVID and has an updated budget that would bring all staff back to 75% FTE as of June
2021 and back to 100% FTE as of September 2021.
COVID Relief Opportunities: As a municipal entity the District was unable to access the payroll
protection program in April 2020 which directly impacted its decision to continue to furlough hourly
staff and place administrative staff half time through the State of Washington's shared work
program. However, in early 2021 District staff have identified and engaged with several
opportunities which could help the District capture a large portion of its lost revenue from
2020/2021. The District has applied for the Shuttered Venue Operators Grant though the Small
Business Administration in April 2021. If awarded the full qualifying amount, this would represent
revenue that could directly support operations. The District is also in the process of engaging with
local and county governments to request of a small portion of COVID relief funding for local
governments be allocated to the District.
2.2.i
Page 43
REQUIRED SUPPLEMENTARY INFORMATION
Edmonds Pubic Facilities District
Schedule
of Proportionate Share of the Net
Pension Liability
PIERS 1
As of June 30, 2020
Last 10 Fiscal Years*
2020 2019
2018
2017
2016
2015
Employer's proportion of the net pension liability
(asset)
% 0.007533% 0.006779%
0.006585%
0.006117%
0.005395%
0.005002%
Employer's proportionate share of the net
pension liability
$ 265,955 260,675
294,088
290,256
289,737
261,651
Covered payroll
$ 1,042,941 965,643
900,485
832,051
661,838
583,133
Employer's proportionate share of the net
pension liability as a percentage of covered
payroll
% 25.50% 26.99%
32.66%
34.88%
43.78%
44.87%
Plan fiduciary net position as a percentage of the
total pension liability
% 68.64% 67.12%
63.22%
61.24%
57.03%
59.10%
Notes to Schedule:
*Until a full 10-year trend is compiled, only information for those years available is presented
2.2.i
Page 44
Schedule of Proportionate Share of the Net Pension Liability
PERS 2/3
As of June 30, 2020
Last 10 Fiscal Years*
2.2.1
2020
2019
2018
2017
2016
2015
Employer's proportion of the net pension liability
(asset)
% 0.009754%
0.008757%
0.008426%
0.008208%
0.690500%
0.006463%
Employer's proportionate share of the net
pension liability
$ 124,748
85,060
143,866
285,189
347,661
230,927
Covered payroll
$ 1,042,941
965,643
900,485
832,051
661,838
583,133
Employer's proportionate share of the net
pension liability as a percentage of covered
payroll
% 11.96%
8.81%
15.98%
34.28%
52.53%
39.60%
Plan fiduciary net position as a percentage of the
total pension liability
% 97.22%
97.77%
95.77%
90.97%
85.82%
89.20%
Notes to Schedule:
*Until a full 10-year trend is compiled, only information for those years
available is
presented.
Page 45
REQUIRED SUPPLEMENTARY INFORMATION
Edmonds Public Facilities District
Schedule of Employer Contributions
PERS 1
For the year ended December 31, 2020
Last 10 Fiscal Years*
2020 2019 2018 2017 2016 2015
Statutorily or contractually required
contributions
$ 36,244
54,012
46,231
41,117
34,540
26,654
Contributions in relation to the statutorily or
contractually required contributions
$ 36,244
54,012
46,231
41,117
34,540
26,654
Contribution deficiency (excess)
$ 0
0
0
0
0
0
Covered payroll
$ 756,953
1,093,650
913,402
900,087
724,116
597,937
Contributions as a percentage of covered
payroll
% -4.79%
-4.94%
-5.06%
-4.57%
-4.77%
-4.46%
Notes to Schedule:
*Until a full 10-year trend is compiled, only information for those years available is presented.
2.2.i
Page 46
REQUIRED SUPPLEMENTARY INFORMATION
Edmonds Public Facilities District
Schedule of Employer Contributions
PERS 2/3
For the year ended December 31, 2020
Last 10 Fiscal Years*
2020
2019
2018
2017
2016
2015
Statutorily or contractually required
contributions
$
59,951
84,504
68,500
59,684
45,112
34,212
Contributions in relation to the statutorily or
contractually required contributions
$
59,951
84,504
68,500
59,684
45,112
34,212
Contribution deficiency (excess)
$
0
0
0
0
0
0
Covered payroll
$
756,953
1,093,650
913,402
900,087
724,116
597,937
Contributions as a percentage of covered payroll
%
-7.92%
-7.73%
-7.50%
-6.63%
-6.23%
-5.72%
Notes to Schedule:
*Until a full 10-year trend is compiled, only information for those years available is presented
Page 47
2.2.c
The State Auditor's Office is established in the Washington State Constitution and is part of the
executive branch of state government. The State Auditor is elected by the people of Washington
and serves four-year terms.
We work with state agencies, local governments and the public to achieve our vision of increasing
trust in government by helping governments work better and deliver higher value.
In fulfilling our mission to provide citizens with independent and transparent examinations of how
state and local governments use public funds, we hold ourselves to those same standards by
continually improving our audit quality and operational efficiency, and by developing highly
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As an agency, the State Auditor's Office has the independence necessary to objectively perform
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Office also has an extensive quality control program and undergoes regular external peer review
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Our audits look at financial information and compliance with federal, state and local laws for all
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The results of our work are available to everyone through the more than 2,000 reports we publish
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We take our role as partners in accountability seriously. The Office provides training and technical
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Stay connected at sao.wa.gov
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Page 48
Packet Pg. 101
2.3
City Council Agenda Item
Meeting Date: 08/10/2021
City of Edmonds Facility Condition Assessment update by Mckinstry
Staff Lead: Phil Williams
Department: Public Works & Utilities
Preparer: Royce Napolitino
Background/History
In 2017 the City of Edmonds commissioned Mckinstry to perform a two year Facility Condition
Assessment report to supplement the previous FCA report performed by Cardno LLC in 2011 and 2012.
Those findings were presented to Parks & Public Works and Finance Committees on 07-09-19 and to the
full Council on 07-16-19.
Staff Recommendation
Forward the Facility Condition Assessment Update to City Council's Full Agenda.
Narrative
Facility Condition Assessments, or FCAs, provide facility condition and budget data for the repair and
upkeep of facilities. An original assessment was performed by Cardno, with the FCA report delivered in
2011-12. In 2017, McKinstry furthered this work to accurately assess the condition of the City's building
portfolio. Mckinstry completed their work to expand or update the previously gathered information and
include Mechanical, Electrical and Plumbing systems to the scope of the report. This work included the
introduction of a Facility Condition Index.
The Facility Condition Index (FCI) score was determined by the Backlog of Maintenance and Repair
methodology. This scoring model focuses on the correction of deficient building systems and those at or
near end of useful life functionality. The Backlog of Maintenance and Repair method helps identify
building system and budget requirements to focus capital renewal funds on functionality, condition and
the ability of the facility to meet the current and future needs of the City. McKinstry's presentation
includes: the current and 5-year FCI calculations; takeaways from the 2018 survey and 2019 budgeting
response; a recap of projects; operating recommendations; additional capital projects; and funding
opportunities.
Attachments:
McKinstry Facilities Assessment_08-10-21
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• Introduction
• History
• Findings Following 2018
• Additional Council Funding
• Alleviate Costs of Deferred Maintenance
• Needs
• Funding Opportunities
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2018 Facility Condition Assessment Study
• Boys and Girls Club
• Cemetery Building
• City Hall
• Civic Center Grandstand
• Fishing Pier
• Fire Station #16
• Fire Station #17
• Fire Station #20
• Frances Anderson Center
• Historic Log Cabin
• Historical Museum
• Meadowdale Club House
• Old Public Works
• Parks Maintenance Building
• Public Safety
• Public Works 0&M
• Senior Center
• Wade James Theater
• Yost Pool House
• waterfront Lenter(replaces Sr. Center)(South
County Sr. Services)
• Edmonds Center for Arts (Edmonds Fac Dist)
—280,000 SF
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Current Facility Condition Index 5-Year Facility Condition Index
KiScore
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Boys and Girls Club
0.08
Cemetery Building
0.04
City Hall
0.15
Fishing Pier
0.13
Frances Anderson Center
0.15
FS 16
0.04
FS 17
0.11
FS 20
0.04
Historic Log Cabin
0.12
Historical Museum
0.04
Library and Plaza Room
0.15
Meadowdale Club House
0.06
Old Public Works
0.07
Parks Maint. Building
0.16
Public Safety building
0.06
Public Works O&M Center
0.23
Wade James Theater
0.08
Yost Pool House
0.10
YearFC
Score
Boys and Girls Club
0.16
Cemetery Building
0.16
City Hall
0.21
Fishing Pier
0.23
Frances Anderson Center
0.20
FS 16
0.13
FS 17
0.29
FS 20
0.20
Historic Log Cabin
0.27
Historical Museum
0.16
Library and Plaza Room
0.34
Meadowdale Club House
0.10
Old Public Works
0.11
Parks Maint. Building
0.25
Public Safety building
0.18
Public Works O&M Center
0.30
Wade James Theater
0.19
Yost Pool House
0.22
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• Measures represented by different colors
• Costs required average close to $800k/year
• First few years are higher due to under-funding/deferred
maintenance
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Chip away at additional deferred maintenance year
over year until $2M backlog is complete.
3.0M $2.9
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$800k annual investment is still needed to maintain
facilities infrastructure independently of deferred
2.5M I maintenance.
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$2.0
F— Deferred Maintenance
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Key Takeaways from 2018
• Facility budgets should be $800K instead of $300K
• Deferred maintenance from under -funding levels was around $11M
• Recommended IFMA facilities staffing levels for 250K-500K square feet is 9 FTE
instead of 4 FTE (does not include custodial)
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2019 Budgetary Response
• Council upped funding to $700K per year
• Council authorized S1M funding fora project that was -$1.5M (additional funds were
provided by outside grants)
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•
Operating Recommendations
1. Invest in update to Facility Condition Assessment to prioritize needs
2. Uptick funding levels for operating levels to $1M (industry inflation averaged 7% YOY)
3. Right -size facilities staffing, or at least support transition of knowledge capital (2
retirements next year).
• Staffing also feeling impact of COVID-19
• Ideally, add:
➢ 1 more building maintenance operator
➢ 1 facilities maintenance worker
➢ 1 more custodian
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Capital and Deferred Maintenance Needs E
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1. Studies Needed
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• City Hall has major infrastructure needs N
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Goal: Evaluate options to determine best value to Edmonds
• Frances Anderson Community Center Building Systems @ end of life & insufficient for programming needs
($3-51VI project)
Context: 100 year old facility that's use has evolved, but systems have not been updated.
Goal: Divest from fossil fuels to electrify facility and add air conditioning for programming needs
2. Electrification infrastructure required for City Fleet and Public EV's
Goal: 10-11 new EV charging stations for public and City -owned fleet
3. Public Safety Building chiller plant replacement
Context: Systems 25 years old and were compromised from original installation conditions
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Additional Facilities Projects Needing Attention
1. Public works yard ($330K)
2. City Hall Electrical ($1.7M)
3. Anderson Center ($1.5)
• Windows & Restroom TI
• 6 storm drains that come into a collector, it backs up
• Drinking fountains
4. Library building Masonry needs restoration because of water infiltration ($2-3M)
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