Laserfiche WebLink
City of Tukwila My WebLink |HelpSearch Tips |About |Sign Out
City of Tukwila <br />Allan Ekberg, Mayor <br />INFORMATIONAL MEMORANDUM <br />TO: Councilmembers <br />CC: <br />Mayor Ekberg <br />FROM: <br />Peggy McCarthy, Finance Director <br />BY: <br />Craig Zellerhoff, Fiscal Coordinator <br />DATE: <br />March 14, 2017 <br />SUBJECT: <br />2016 December Year to Date Financial Report - Preliminary <br />Summary: <br />The purpose of the preliminary 2016 Annual Financial report is to summarize for the City Council the general <br />state of General Fund financial affairs and to highlight significant items or trends. The following provides a <br />high -level summary of the City's financial performance. Additional details can be found within the attached <br />financial report. <br />The 2016 Annual report is based on financial data available as of March 14th, 2017, for the reporting period <br />ending December 31, 2016. Preliminary results for the year have resulted in a positive impact to the General <br />Fund of $462 thousand. Revenues for the year were $58.9 million, which is less than budget due to the <br />Tukwila Village sale not completed as budgeted. Expenditures were $58.5 million and below budget by <br />$1.95 million. <br />Revenues <br />Expenditures <br />General Fund <br />2016 Revenues vs Expenditures <br />$60.41 <br />$60.42 <br />$57 $58 $59 $60 $61 <br />Millions <br />Allocated budgets through the reporting period are calculated by analyzing spend patterns in the previous <br />year and allocating the current year budget using the same spend pattern. If aline item had no expenditures <br />in the prior year but a budget in the current year, the allocated budget for the current year would be zero. <br />27 <br />