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Home My WebLink AboutFIN 2026-02-09 Item 1C - Report - December 2025 Financial ReportCity of Tukwila Thomas McLeod, Mayor Marty Wine, City Administrator AGENDA BILL ITEM NO. 1.C. Agenda Item December 2025 Financial Report Sponsor Tony Culierton, Deputy Finance Director Finance Department Legislative History January 26, 2002 Finance & Governance Committee Recommended Motion ❑x Discussion Only ❑ Action Requested EXECUTIVE SUMMARY The Finance & Governance Committee is being provided with the December 2025 Financial Report for review and discussion. DISCUSSION The Finance Department prepares monthly financial reports to provide the Finance & Governance Committee with timely information regarding the City's financial position, budget performance, and emerging trends. The December monthly report reflects financial activity through December 31, 2025, representing 100% of the calendar year. The report includes General Fund revenue and expenditure results, year-end performance for major operating and capital funds, and a comparison of budget -to -actual figures. Monthly financial reporting supports transparency, informed decision -making, and ongoing monitoring of recurring and one-time revenues relative to the City's ongoing operational cost structure. Overall Year -End Position For the 2025 fiscal year, the City is projected to end the year within budget. General Fund revenues and transfers -in total approximately $78.3 million, or 100.6% of the adopted budget, while expenditures and transfers -out total approximately $76.2 million, or 99.7% of the adopted budget. Year-end accruals are not yet available and not reflected in this report. Some revenue categories (Intergovernmental, land sales) finished above budget due to one-time revenues, strong investment earnings, and external funding sources, while some other categories such as gambling taxes and business licensing activity closed the year below expectations. Sales tax is currently showing a premature decline compared to both the adopted budget and prior year. This is a timing issue, as year-end accruals are not yet reflected. Additionally, the prior year's December report was prepared roughly two weeks later than the current report, which further contributes to the apparent decline in year -over -year sales tax performance. On the expenditure side, departmental budgets finished the year within expected levels. Higher spending within Non -departmental Transfers Out categories is primarily driven by a transfer from the General Fund to Utilities for the early payoff of an interfund loan. Significant Revenue Variances (>_5% and >_$50,000) Several revenue categories exceeded budgeted levels, including: 91 • Intergovernmental revenues ($4.3 million / 175.5%) driven by one-time external funding (grants). • Miscellaneous revenue ($2.5 million / 256.2%) due to land sale proceeds and strong investment earnings. • Charges for services ($456,000 / 117.4%) tied to fee volume and cost recovery. • Admission tax ($125,000 / 114.5%) stronger event activity. Revenue Categories that closed the year below projections: • Sales and Use tax (-$4.4 million / 81.1 %) largely attributable to timing, as year-end accruals have not yet been recorded. • Business licenses (-$745,000 / 78.4%) due to lower licensing activity. Significant Expenditure Variances (_5% and >_$50,000) General Fund expenditures were largely within departmental allocations. Notable variances include: • Recreation ($845,000 / 80.1%), Public Works ($717,000 / 85.6%), and Police ($696,000 / 97.5%) underspending • Transfers out to other funds (-$1.77 million / 192%) due to early interfund loan payoff • Non -departmental expenditures (-$2.1 million / 247%) tied to interfund transfers and allocations Other Funds & Year -End Trends Major operating and capital funds finished the year primarily with expected project schedules and funding timelines. Notable funds include Water, Sewer, and Golf which closed the year with revenues meeting or exceeding budget, and expenditures below budget due to project timing. ATTACHMENTS • December 2025 Monthly Financial Report 92 City of Tukwila Financial Report January — December 2025 2025 Actuals through December Revenues Transfers In Expenditures Transfers Out 72,929,306 $ 5,377,629 68,827,870 7,377,501 72,033,915 5,784,066 70,815,611 5,610,591 101.2% 93.0% 97.2% 131.5% Net Revenues Less Expenditures $ 2,101,564 $ 1,391,779 General Fund figures include General Fund and Contingency Fund, a Sub -Fund of the General Fund General Fund Overview U) $80 0 $70 $60 $50 $40 $30 $20 $10 Revenues Transfers In ■ Year to Date Budget Expenditures % of Year Complete 100.0% Transfers Out 94 City of Tukwila Monthly Finance Report 1 2025 Total Budget Taxes: Property Tax $ 11,999,227 $ Sales & Use Tax 23,283,886 Other Sales Taxes 1,163,100 Gambling Taxes 4,349,500 Business & Occupation Taxes 2,400,000 Utility Taxes 4,493,702 Interfund Utility Taxes 3,167,729 Admission Taxes 859,235 Leasehold Excise Tax 260,000 Business Licenses 3,445,500 Building Permits & Rental Housing Permits 1,985,200 Intergovernmental 5,697,852 Charges for Services 2,612,121 Miscellaneous Revenue 1,616,863 Transfers In - Indirect Cost Allocation 3,111,694 Transfers In From Other Funds 2,672,372 Sale of Capital Assets 4,700,000 2025 Revenues. through December 12,031,743 $ 18,872,134 890,703 3,875,396 2,364,776 4,067,455 2,937,680 983,788 184,209 2,699,969 2,298,639 10,001,297 3,067,826 4,142,256 3,111,694 2,265,935 4,511,436 32,516 (4,411,752) (272,397) (474,104) (35,224) (426,247) (230,049) 124,553 (75,791) (745,531) 313,439 4,303,445 455,705 2,525,393 (406,437) (188,564) 100.3% 81.1% 76.6% 89.1% 98.5% 90.5% 92.7% 114.5% 70.8% 78.4% 115.8% 175.5% 117.4% 256.2% 100.0% 84.8% 96.0% Total 77,817,981 $ 78,306,936 $ 488,955 100.6% Percent of Year Complete: 100.0% City of Tukwila Monthly Finance Report 2 95 Property Tax Sales & Use Tax Gambling Taxes Business & Occupation Taxes Utility Taxes Interfund Utility Taxes Business Licenses Building Permits & Rental Housing Permits Intergovernmental Charges for Services Miscellaneous Revenue Transfers In - Indirect Cost Allocation Transfers In From Other Funds Sale of Capital Assets General Fund Major Revenues $- $1 $2 $3 $4 $5 $6 $7 $8 $9 $10 $11 $12 $13 $14 $15 $16 $17 $18 $19 $20 $21 $22 $23 $24 $25 Millions • Revenues and Transfers In YTD to Total Budget 96 City of Tukwila Monthly Finance Report 3 Category ;Qtz�= 2025 Revenuesh,,,D6cem40r � Through December through December Taxes: Property Tax $ 17.536.670 $ 18.106.912 $ Sales & Use Tax 21.603.508 23.720.637 Other Sales Taxes 1.158.201 1.116.814 Gambling Taxes 4.212.952 4.026.213 Business & Occupation Taxes 2.100.836 Utility Taxes 4.125.408 4.412.082 |ntedbndUtility Taxes 2.567.243 2.684.065 Admission Taxes 842.387 904.888 Leasehold Excise Tax 251.560 277.005 Business Licenses 3.243.556 2.770.853 Building Permits & Rental Housing Permits 2.488.082 2.322.692 Intergovernmental 8.011.260 8.580.068 Charges for Services 2.627.318 2.520.551 Miscellaneous Revenue 2.345.348 3.760.758 Transfers |n' Indirect Cost Allocation 2.822.397 2.063.517 Transfers In From Other Funds 1.403.710 1.543.740 Sale of Capital Assets 12,031.743 $ (8.075189) 18.872.134 (4.857.503) 800.703 (226.111) 3.875.308 (150.817) -37% 2.364.776 283.040 +12.896 4.067.455 (344.827) -7.896 2.937.680 252.715 +0.496 983.788 78.000 +8796 184.200 (92.886) -33.596 2.600.869 (70.884) -2.996 2.208.639 (24.053) -1.096 10.001.207 1.421.220 +18.6% 3.067.828 547.275 +21796 4.142.258 372.408 +0.096 3.111.604 148.177 +5.096 2.265.035 722.195 +48.896 4.511.438 4.511.438 33.6% �0.5% -20.2% Total 76,318,627 $ 81.839'621 u 78,306,936 $ (3,532,685) -4.3% City nfTukwiLaMonthly Finance Report 4 97 General Fund Major Revenues Prior Year Comparisons YTD Property Tax Sales & Use Tax Gambling Taxes Business & Occupation Taxes Utility Taxes Interfund Utility Taxes Business Licenses Building Permits & Rental Housing Permits Intergovernmental Charges for Services Miscellaneous Revenue Transfers In - Indirect Cost Allocation Transfers In From Other Funds Sale of Capital Assets $- $1 $2 $3 $4 $5 $6 $7 $8 $9 $10 $11 $12 $13 $14 $15 $16 $17 $18 $19 $20 $21 $22 $23 $24 $25 Millions 2023 2024 ■ 2025 98 City of Tukwila Monthly Finance Report 5 Expenses through December City Council Mayor's Office Finance Department Community Development (DCD) Municipal Court Police Department Fire Department Recreation Department Park Maintenance Dept Public Works Dept Street Maintenance Dept Non -Departmental $ 400,093 9,870,218 4,343,230 5,748,041 2,329,525 28,411,330 1,398,192 4,244,958 2,904,012 4,977,693 4,761,271 381,647 8,978,717 4,502,324 5,184,136 2,230,061 27,715,069 1,139, 246 3,400,444 2,966,779 4,261,024 4,536,086 $ 18,446 891,501 (159, 094) 563,905 99,464 696,261 258,946 844,514 (62,767) 716,669 225,185 95.4% 91.0% 103.7% 90.2% 95.7% 97.5% 81.5% 80.1% 102.2% 85.6% 95.3% Expenses 1,427,046 3,532,337 (2,105,291) 247.5% Transfers Out - Debt Service 3,692,390 3,692,390 100.0% Transfers Out to Other Funds 1,918,201 3,685,111 (1,766,910) 192.1% Total $ 76,426,200 $ 76,205,371 $ 220,829 99.7% Percent of Year Complete: 100.0% City of Tukwila Monthly Finance Report 6 99 General Fund Expenditures and Transfers Out by Department $30,000 co 0 0 s $25,000 $20,000 $15,000 $10,000 $5,000 $- e �c Oo Ge �F°' GO a5 v o G� 0 5 aG�ao rJ ��.�a Coca Q0 Q �a Q°p ��a o'`a\ AY Qa e �oO ■ Expenditures and Transfers Out YTD al Total Budget 1 oOCityofTukwila Monthly Finance Report 7 Category ---------'------ n�December December City Council Mayor's Office Finance Department Community Development (DCD) Municipal Court Police Department Fire Department Recreation Department Park Maintenance Dept Public Works Dept Street Maintenance Dept Non -Departmental Expenses' Transfers Out Debt Service Transfers Out 0uOther Funds 366,370 $ 379671 $ 8.800.318 0,407.730 3,177,417 3,899102 4,582,457 5,000,013 1.623.825 2.109.308 21.267,400 24.054,483 15,087.700 16.001.842 3.099.392 2.934.908 2,011,270 2,431,544 3.854.307 3.070.734 4,155,828 3,273,502 4.748.775 4.200,273 381,647 $ 8,978,717 4�2,324 5,184,136 2,230,061 27,715,069 1.139,240 �00,444 2,966,779 4,201,024 4,536,086 �532,38 3,692,390 3,685,111 1,976 570,981 603,142 118.123 120,693 �60,63O (15,522,690) 465,476 535,235 590,290 867,887 258,834 (513.883) 2,039,757 Total $ 76,718,249 * 82,408,919 $ 76,205,371 * 'in 2025,vehicle leases across the General Fund are now Non -Departmental ��From ��these expenses were paid from savings accumulated mthe Fleet Fund (6,203,549) _8% City mTukwila Monthly Finance Report $30 , 0 00 - $25,000 $20,000 $15,000 $1 0 , 0 0 0 $5,000 $ - 0 General Fund Expenditures by Department Prior Year Comparions YTD c,° e c,0 •('I'' *° (s9). •e- • e ,e • 'Cl'C'''' \•I'' e 'ce cer •(\ .ce' 2023 2024 2025 0 Oe' 0"Cs° •0 ''9 40 a" City of Tukwila Monthly Finance Report 1 02 9 Category 202 Total Budget 2025 Expenses through December liana Fora iw 4000)844 Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Other Expenditures Transfers Out - Debt Service Transfers Out to Other Funds 33,466,376 $ 12,851,718 1,681,034 22,586,277 200,000 30,205 3,692,390 1,918,201 31,995,452 11,370,305 1,825,788 22,784,885 830,292 21,148 3,692,390 3,685,111 1,470,924 1,481,413 (144,754) (198,608) (630,292) 9,057 (1,766,910) 95.6% 88.5% 108.6% 100.9% 415.1 % 70.0% 100.0% 192.1% Total Thousands $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $- Sa aries, Wages, & Overtime Benefits 76,426,201 $ 76,205,371 $ 220,830 Percent of Year Complete: General Fund Expenditures and Transfers Out by Category NOM Supplies 1 Services Land, Structures, Machinery, Equipment 99.7% 100.0% Other Expenditures Transfers Out - Debt Transfers Out to Other Funds ■ Expenditures and Transfers Out YTD e 2025 Total Budget Service City of Tukwila Monthly Finance Report 10103 Category 2023 Expenses trough 2024 Expenses through 2025 Expenses through December December C ecember 2 Salaries, Wages, & Overtime Benefits Supplies Services Services excluding PSRFA Fire Contract Land, Structures, Machinery, Equipment Other Expenditures Transfers Out - Debt Service Transfers Out to Other Funds 26,134,968 $ 30,585,358 $ 31,995,452 9,892,228 10,836,242 11,370,305 1,610,923 1,411,683 1,825,788 29,194,930 32,087,068 22,784,885 15,706,174 17,105,363 22,784,885 3,654,499 785,431 830,292 855,018 851,508 21,148 4,749,775 4,206,273 3,692,390 625,908 1,645,354 3,685,111 1,410,094 534,063 414,105 (9,302,183) 5,679,522 44,861 (830,360) (513,883) 2,039,757 +4.6% +4.9% +29.3% -29.0% +33.2% +5.7% -97.5% -12.2% +124.0% Total $ 76,718,249 $ 82,408,917 $ $35'000 co o $30,000 r $25,000 $20,000 $15,000 $10,000 $5,000 $- Salaries, Wages, & Overtime Benefits 76,205,371 $ General Fund Expenditures by Category Prior Year Comparions YTD Supplies Services mos Services excluding Land, Structures, PSRFA Fire Contract Machinery, Equipment 2023 2024 ■ 2025 (6,203,546) -7.5% 111 Other Expenditures Transfers Out - Debt Transfers Out to Other Service Funds City of Tukwila Monthly Finance Report 11 104 Revenues Expenditures Transfers Out Fund 101 Hotel/Motel Special Revenue Fund Overview 906,140 $ 460,722 29,209 897,750 992,204 29,209 100.9% 46.4% 100.0% Net Revenues Less Expenditures $ 416,209 $ (123,663) % of Year Complete 100.0% City of Tukwila Monthly Finance Report 12105 Fund 101 Hotel/Motel Special Revenue Fund Expenditures and Transfers Out by Category Categoi 2025 Total Budge 2025 Expenses through December �qtu Ann Salaries, Wages, & Overtime Benefits Supplies Services Transfers Out - Internal Cost Allocation 51,393 $ 20,561 3,000 917,250 29,209 52,065 $ 10,375 933 397,349 29,209 (672) 10,186 2,067 519,901 101.3% 50.5% 31.1% 43.3% 100.0% Total $1,200 c c 000 $800 $600 $400 $200 1,021,413 $ 489,931 $ Fund 101 Expenditures 2025 Expenditures YTD 2025 Total Budget Revenues and Transfers In by Category 531,482 48.0% % of Year Complete 100.0% Category 2025 Total Bud 2025 Revenues hrough December. itic Hotel/Motel Tax Investment Earnings Total 0 $908 0 c $906 0 L $904 $902 $900 $898 $896 $894 $892 850,000 $ 47,750 897,750 $ Fund 101 Revenues 2025 Revenues YTD 822,929 $ 83,211 906,140 $ 2025 Total Budget (27,071) 35,461 8,390 96.8% 174.3% 100.9% % of Year Complete 100.0% 1 06c y of Tukwila Monthly Finance Report 13 Fund 101 Hotel/Motel Special Revenue Fund Year -to -Year Expenditures & Transfers Out by Category. Catego 2023 Expenses 2024 Expenses 2025 Expenses through Decem rer through December through December 0 vs Salaries, Wages, & Overtime Benefits Supplies Services Transfers Out - Internal Cost Allocation 74,666 18,335 154 291,229 26,493 94,181 21,186 73 354,831 27,818 52,065 $ (42,116) 10,375 (10,811) 933 860 397,349 42,518 29,209 1,391 -44.7% -51.0% +1178.1% +12.0% +5.0% Total $ 410,877 $ 498,089 $ 489,931 $ Fund 101 Hotel/Motel Special Revenue Fund Year -to -Year Revenues and Transfers In by Category (8,158) -1.6% 2023 Revenue through December 2024 Revenues hrough December 2025 Revenues through December Hotel/Motel Tax Investment Earnings 971,162 $ 122,651 984,326 $ 157,314 822,929 $ (161,397) 83,211 (74,103) -16.4% -47.1% Total Expenditures and Transfers Out Revenues and Transfers In $ 1,137,813 $ 1,155,640 $ Fund 101 Prior Year Comparisons YTD 906,140 $ (249,500) -21.6% $200 $400 $600 $800 $1,000 $1,200 $1,400 Thousands 2023 2024 a 2025 City of Tukwila Monthly Finance Report 14107 Fund 103 Residential Street Fund Overview 2025 through December Revenues Expenditures 304,190 $ 118,568 1,130,000 850,000 26.9% 13.9% Net Revenues Less Expenditures $ 185,622 $ 280,000 % of Year Complete 100.0% 1 O$City of Tukwila Monthly Finance Report 15 Fund 103 Residential Street Fund Expenditures and Transfers Out by Category 2025 Total Bud 2025 Expenses through December ° AnAual 5a Salaries, Wages, & Overtime Benefits Supplies Services - $ 850,000 3,336 715 17,829 $ 96,688 (3,336) (715) (17,829) 753,312 11.4% Total $900 $800 $700 $600 $500 $400 $300 $200 $100 $- 850,000 $ 118,568 $ Fund 103 Expenditures 2025 Expenditures YTD 2025 Total Budget Revenues and Transfers In by Category 731,432 13.9% % of Year Complete 100.0% 2025 Total Budge 2025 Revenues daet Vat through December Unf0Y0PablOtraver Utility Taxes Grant Revenues State Entitlements Investment Earnings Total $1,200 v 2 $1,000 $800 $600 $400 $200 100,000 $ 724,000 280,000 26,000 1,130,000 $ Fund 103 Revenues 2025 Revenues YTD 234,943 69,246 304,190 $ 2025 Total Budget (100,000) (724,000) (45,057) 43,246 (825,810) 0.0% 0.0% 83.9% 266.3% 26.9% % of Year Complete 100.0% City of Tukwila Monthly Finance Report 16109 Fund 103 Residential Street Fund Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expen through Dacet 2024 Expenses 2025 Expenses through December through Decembe 2025 Orr Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment 11,171 6,107 99,158 454,098 145,409 2,146 $ 916 120,017 298,745 56,171 3,336 $ 1,190 715 (201) 17,829 (102,188) 96,688 (202,057) (56,171) +55.5% -21.9% -85.1% -67.6% -100.0% Total 715,943 $ 477,995 $ Fund 103 Residential Street Fund Year -to -Year Revenues and Transfers In by Category 118,568 $ (359,427) -75.2% Category 2023 Revenues 2024 Revenues 2025 Revenues ough December through December through Decembe Grant Revenues State Entitlements Investment Earnings Transfers In 158,574 $ 301,042 36,871 257,977 70,797 286,215 67,100 401,572 234,943 69,246 (70,797) (51,272) 2,146 (401,572) -100.0% -17.9% +3.2% -100.0% Total Expenditures and Transfers Out Revenues and Transfers In $ 1,404,464 $ 825,684 $ 304,189 $ (521,495) -63.2% Fund 103 Prior Year Comparisons YTD $200 $400 5600 $800 51,000 $1,200 $1,400 $1,600 Thousands ;2023 2024 a 2025 y of Tukwila Monthly Finance Report 17 Fund 104 Arterial Street Fund. Overview 2025 through December Revenues Expenditures 6,911,628 $ 4,459,298 5,586,001 7,636,726 123.7% 58.4% Net Revenues Less Expenditures $ 2,452,330 $ (2,050,725) % of Year Complete 100.0% City of Tukwila Monthly Finance Report Fund 104 Arterial Expenditures and Transfe treet Fund Out by Categor a 2025 Total Budget 2025 Expenses through Decembe nfav a p Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment 793,142 $ 312,185 23,200 6,508,200 684,384 $ 226,418 104,810 2,134, 720 1,308,967 108,758 85,767 (81,610) 4,373,480 (1,308,967) 86% 73% 451.8% 32.8% Total 59,000 $8,000 $7,000 F $6,000 55,000 $4,000 $3,000 $2.000 $1,000 $- $ 7,636,727 $ Fund 104 Expenditures 2025 Expenditures YTD 4,459,299 $ 2025 Total Budget Revenues and Transfers In by Category 3,177,428 58.4% % of Year Complete 100.0% Category 2025 Total Budget 2025 Revenues through December Utility Taxes Parking Tax Real Estate Excise Tax (REET) Permits Franchise Fees Grant Revenues State Entitlements General Government Revenue Traffic Impact Fees Fines and Penalties Other Income 1,320,000 $ 800,000 500,000 1 450,000 2,026,000 1,297,065 $ 893,870 224,607 (22,935) 98.3% 93,870 111.7% (275,393) 44.9% (1) 0.0% 559,083 109,083 124.2% 1,400,638 (625,362) 69.1% 135,000 122,272 (12,728) 90.6% - 360 360 200,000 1,608,225 1,408,225 804.1 2,000 6,388 4,388 319.4% 80,000 433,526 353,526 541.9% Investment Earnings 73,000 339,214 266,214 464.7% Total $ 5,586,001 $ 6,885,248 $ 1,299,247 123.3% $8,000 $7.000 L $6,000 t- $5.000 $4,000 $3,000 $2000 $1,000 $- Fund 104 Revenues 2025 Revenues YTD 2025 Total Budget % of Year Complete 100.0% 112c y of Tukwila Monthly Finance Report 19 Fund 104 Arterial Street. Fund Year -to -Year Expenditures & Transfers Out by Cat Ca 2023 Expenses; through Decernbe 2024 Expenses 2025 Expenses through December through December Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment 412,458 $ 539,068 $ 144,402 176,054 88,103 124,429 2,111,312 2,484,677 1,854,466 1,431, 949 684,384 $ 145,316 226,418 50,364 104,810 (19,619) 2,134,720 (349,957) 1,308,967 (122,982) +27.0% +28.6% - 15.8% - 14.1% -8.6% Total $ 4,610,741 $ 4,756,177 $ 4,459,299 $ (296,878) Fund 104 Arterial Street Fund Year to Year Revenues and Transfers In by Cate -6.2% 2023 Revenue 2024 Revenues 2025 Revenues rough Decent through December through Decembe Utility Taxes Parking Tax Real Estate Excise Tax (REET) Permits Franchise Fees Grant Revenues State Entitlements General Government Revenue Traffic Impact Fees Fines and Penalties Other Income Investment Earnings 657,388 $ 782,686 630,798 831 45,342 1,563,410 147,120 810,328 11,081 453,234 266,657 1,489,182 $ 889,096 556,511 2 418,422 1,627,426 146,500 425 327,767 3,102 144,600 317,096 1,297,065 $ (192,117) 893,870 4,774 224,607 (331,904) (2) 559,083 140,661 1,400,638 (226,788) 122,272 (24,228) 360 (65) 1,608,225 1,280,458 6,388 3,286 433,526 288,926 339,214 22,118 -13% +0.5% -59.6% -100.0% +33.6% -13.9% -16.5% -15.3% +390.7% +105.9% +199.8% +7.0% Total $ 5,368,875 $ 5,920,129 $ 6,885,248 $ 965,119 +16.3% Fund 104 Prior Year Comparisons YTD Expenditures and Transfers Out Revenues and Transfers In $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 Thousands 2023 2024 ■ 2025 City of Tukwila Monthly Finance Report 20113 2025 through December A nu i Revenues Expenditures 15,814 $ 71,959 98,100 73,000 16.1% 98.6% Net Revenues Less Expenditures $ (56,145) $ 25,100 % of Year Complete 100.0% 1 14City of Tukwila Monthly Finance Report 21 Fund fi0 Drug Seizure Fund xpenditures and Transfers Out by Categ Category 2025 Total Budget 2025 Expenses. through December Var Annunian Supplies Services 36,000 $ 37,000 45,713 $ 26,246 (9,713) 10,754 127.0% 70.9% Total $73 Wz $73 7 $73 $72 $72 $72 $72 $72 $71 73,000 $ Fund 109 Expenditures 2025 Expenditures YTD 71,959 $ 2025 Total Budget evenues and.Transferss In by Category 1,041 98.6% % of Year Complete 100.0% Catego 2025 Total Budget 2025 Revenues through December Intergovernmental Other Income Investment Earnings Total $120 _ $100 $80 $60 $40 $20 35,000 $ 60,000 3,100 98,100 $ Fund 109 Revenues 2025 Revenues YTD 14,339 $ 1,475 15,814 $ 2025 Total Budget (20,661) (58,525) (3,100) (82,286) 41.0% 2.5% 0.0% 16.1% % of Year Complete 100.0% City of Tukwila Monthly Finance Report 22115 Catego 2023 Expenses 2024 Expenses 202$ Expenses 05 V0 0 through December through December through December $ % Supplies Services 11,423 $ 177,070 12,112 $ 49,339 45,713 $ 33,601 26,246 +277.4% (23,093) -46.8% Total 188,493 $ 61,451 $ 71,959 $ 10,508 +17.1% Year-tQ-Year Revonues and TransferS In by Category Category 2023 Revettues 2024 Revenues 2025 Revenues 202$ Vs 2024 through December through December through December % Grant Revenues Intergovernmental Other Income Investment Earnings 155,233 79,010 $ - $ 157,393 14,339 $ 14,339 1,475 (155,918) -99.1% Total Expenditures and Transfers Out Revenues and Transfers In 234,243 $ 157,393 $ Fund 109 Prior Year Comparisons YTD 15,814 $ (141,579) -90.0% 50 100 150 200 250 Thousands 2023 2024 • 2025 City of Tukwila Monthly Finance Report 1 1 6 23 2025 through Decembe Revenues Expenditures Transfers Out 1,809,143 $ 1,318,421 2,841,300 2,431,000 1,057,605 63.7% 54.2% 0.0% Net Revenues Less Expenditures $ 490,722 $ (647,305) % of Year Complete 100.0% City of Tukwila Monthly Finance Report 241 1 7 Category 2025 Total Budget 2025 Expenses through December a i )"t arob mate Supplies Services Land, Structures, Machinery, Equipment Transfers Out to Other Funds 30,000 $ 1,876, 000 525,000 1,057,605 6,893 $ 896,759 414,769 23,107 979,241 110,231 1,057,605 23.0% 47.8% 79% 0% Total N $4,000 c 2 $3,500 0 s $3,000 $2,500 $2,000 $1,500 $1,000 $500 $ - 3,488,605 $ 1,318,421 $ Fund 301 Expenditures 2025 Expenditures YTD 2025 Total Budget 2,170,184 37.8% % of Year Complete 100.0% Category 2025 Total Budget 2025 Revenues through December stab) „1,ara1e Ud Property Tax Real Estate Excise Tax (REET) Grant Revenues Park Impact Fees Investment Earnings Total $3,000 2 $2,500 H $2,000 $1,500 $1,000 $500 207,800 $ 500,000 1,976,000 100,000 57,500 2,841,300 $ Fund 301 Revenues 266,623 $ 1,249,810 86,359 193,350 1,796,142 $ 2025 Revenues YTD 2025 Total Budget 58,823 (500,000) (726,190) (13,641) 135,850 (1,045,158) 128.3% 0.0% 63.2% 86.4% 336.3% 63.2% % of Year Complete 100.0% 1 1 8c y of Tukwila Monthly Finance Report 25 C 2024 Expenses 2025 Expenses thrtugh'December through December through December 2023 Expense Supplies Services Land, Structures, Machinery, Equipment 102,868 242,667 $ 38,146 1,262,306 $ 16,982 6,893 (31,253) 896,759 $ (365,547) 414,769 397,787 -81.9% -29.0% +2342.4% Total 345,535 $ 1,317,434 $ 1,318,421 $ 987 +0.1% Category 022Revenues" 2024 Revenues 2025 Revenues ugh December through December through December Property Tax Real Estate Excise Tax (REET) Grant Revenues Park Impact Fees Investment Earnings Transfers In 183,848 $ 983,847 177,512 115,931 197,905 $ 266,623 $ 68,718 +35% 82,919 1,249,810 1,166,891 +1407.3% 969,266 86,359 (882,907) -91.1% 210,072 193,350 (16,722) -8% 31,000 (31,000) -100% Total Expenditures and Transfers Out Revenues and Transfers In $ 1,461,138 $ 1,491,162 $ 1,796,142 $ 304,980 +20.5% Fund 301 Prior Year Comparisons YTD 8200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 Thousands ;2023 2024 a 2025 City of Tukwila Monthly Finance Report 26119 Revenues Transfers In Expenditures 51,636 $ 438,000 417,310 1,000 843,000 538,000 5163.6% 52.0% 77.6% Net Revenues Less Expenditures $ 72,326 $ 306,000 % of Year Complete 100.0% 120City of Tukwila Monthly Finance Report 27 Category 2025 Total Budget 2025 Expenses S sMtatI,y through December "(rr'avo "avrarat114 . getiiiVana Services 538,000 417,310 $ 120,690 77.6% Total $600 -c $500 $400 5300 5200 5100 538,000 Fund 303 Expenditures 2025 Expenditures YTD 417,310 $ 2025 Total Budget 120,690 77.6% % of Year Complete 100.0% Category 2025 Total Budget 2025 Revenues through December favoraksle')(lt a>� Investment Earnings Transfer In From General Fund Total $900 $700 $600 $500 $400 $300 5200 $100 $- 1,000 $ 843,000 844,000 $ Fund 303 Revenues 2025 Revenues YTD 9,633 $ 438,000 447,633 $ 2025 Total Budget 8,633 (405,000) (396,367) 963.3% 52% 53.0% % of Year Complete 100.0% City of Tukwila Monthly Finance Report 28121 Fund 303 General Government Improvements Okpaodittirot';Transfers �ut by Gategoryr; Category 2023 EXpenses 2024 Expenses 2025 Expenses through December through December through December Services 150,716 $ 506,146 $ 417,310 $ (88,836) -17.6°/0 Total 150,716 $ 506,146 $ 303-"tiiibtat GovernmentRevenues and Transfers lrt by Catogc ,, 417,310 $ (88,836) -17.6% 2023 Revenues 2024 Revenues 2025 Revenues Category , tnrough December through December through December Investment Earnings Transfer In From General Fund 23,042 $ 22,126 $ 100,000 9,633 $ (12,493) 438,000 338,000 -56% +338% Total Expenditures and Transfers Out Revenues and Transfers In 23,042 $ 122,126 $ Fund 303 Prior Year Comparisons YTD 447,633 $ 325,507 +266.5% $100 $200 $300 $400 $500 $600 Thousands 2023 2024 *2025 City of Tukwila Monthly Finance Report 122 29 2025 through December Revenues Transfers Out 60,411 $ 600,000 600,000 10.1% 0.0% Net Revenues Less Expenditures $ 60,411 $ % of Year Complete 100.0% City of Tukwila Monthly Finance Report 3°123 Category 2025 Total Budget 2025 Transfers Out through December e erabl of Anneal Budget adget Variance enget Variance Transfers Out to Other Funds 600,000 $ 600,000 0% Total Thousands Y%. 5700 $600 $500 $400 3300 $200 $100 $- $ 600,000 $ Fund 304 Transfers Out 2025 Expenditures YTD 2025 Total Budget $ 600,000 0.0% % of Year Complete 100.0% Category 2025 Total Bud 2025 Revenues through December nee Fire Impact Fees Investment Earnings Total $700 n $600 L $500 $400 $300 $200 $100 600,000 $ 600,000 $ Fund 304 Revenues 2025 Revenues YTD 59,711 $ 700 60,411 $ 2025 Total Budget (540,289) 700 (539,589) 10.0% 10.1% % of Year Complete 100.0% 1 24c y of Tukwila Monthly Finance Report 31 NNN. VNN. VNN. VNN. VNN. VNN. VNN. VNN. VNt, _ .i4,4„44444444444444444444444444444444444444444444444.‘44 Category 202 Expenses 2024 Expenses 2025 Expenses through December through December through December Transfers Out to Other Funds 699,274 $ 791,835 $ - $ (791,835) -100% Total 699,274 $ 791,835 $ - $ (791,835) -100.0% Category 2023 Revenues 2024 Revenues 2025 Revenues through December through December through December Fire Impact Fees 699,274 $ 791,835 $ 59,711 $ (732,124) -92.5% Total Expenditures and Transfers Out 699,274 $ 791,835 $ Fund 304 Prior Year Comparisons YTD 59,711 $ (732,124) -92.5% 2023 2024 a 2025 Revenues and Transfers In $- $100 $200 $300 5400 $500 $600 $700 5500 $900 Thousands City of Tukwila Monthly Finance Report 32125 Revenues Transfers In Transfers Out 574,388 $ 1,318,824 15,000 1,100,000 1,318,824 3829.3% 0.0% 100.0% Net Revenues Less Expenditures $ (744,436) $ (203,824) % of Year Complete 100.0% 26City of Tukwila Monthly Finance Report 33 Category 2025 Total Budget 2025 Expenses through December nfat,� ei t Transfers Out to Other Funds 1,318,824 $ 1,318,824 $ 100% Total Thousands $1,400 $1,200 $1,000 $800 $600 $400 $200 $- 1,318,824 $ Fund 305 Expenditures 2025 Expenditures YTD 1,318,824 $ 2025 Total Budget 100.0% % of Year Complete 100.0% 8,88 Category 2025 Total Budget 2025 Revenues through December (t)a ) e Real Estate Excise Tax (REET) Investment Earnings Transfers In Total $1,200 1,000 $800 $600 $400 $200 - $ 15,000 1,100,000 1,115,000 $ Fund 305 Revenues 2025 Revenues YTD 224,607 $ 49,781 574,388 $ 2025 Total Budget 224,607 34,781 (1,100,000) (540,612) 331.9% 0% 51.5% % of Year Complete 100.0% City of Tukwila Monthly Finance Report 34127 Category 2023 Expenses 2024 Expenses 2025 Expenses 2025 vs 2()24 through December through December through December $ % Transfers Out to Other Funds 1,319,019 $ 1,317,849 $ 1,318,824 975 +0% Total 1,317,319 $ 1,317,849 $ 1,318,824 975 +0.1% Category fteVen).(es2 2024 Revenues 2025 Revenues thrio04hDecel1lber through December through December Real Estate Excise Tax (REET) Investment Earnings 630,798 $ 50,212 556,511 $ 62,915 224,607 $ (331,904) 49,781 (13,134) -59.6% -21% Total Expenditures and Transfers Out $ 1,680,284 $ 1,711,261 $ 574,388 $ (1,136,873) -66.4% Fund 305 Prior Year Comparisons YTD 111111111111111111111111 2.023 2024 • 2025 Revenues and Transfers In $- $200 $400 5600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 Thousands City of Tukwila Monthly Finance Report 128 35 06CityF; Overview 2025 through December Revenues Transfers In Expenditures 31,889 $ 999,999 62,300 846,937 1,000,000 1,000,000 3.8% 100.0% 6.2% Net Revenues Less Expenditures $ 969,588 $ 846,937 % of Year Complete 100.0% City of Tukwila Monthly Finance Report 36129 Fund 306 City Facilities Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through December 0.0 Services 1,000,000 $ 62,300 $ 937,700 6.2% Total v, $1,200 c ,000 $800 $600 $400 $200 1,000,000 $ Fund 306 Expenditures 2025 Expenditures YTD 62,300 $ 2025 Total Budget 937,700 6.2% % of Year Complete 100.0% Revenues and Trunsfer n by Cate Category 2025 Total Budget 2025 Revenues through December tt et 110 Investment Earnings Rent & Concessions Transfers In Total $2,000 $1,800 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $- 5,000 $ 841,937 1,000,000 1,846,937 $ Fund 306 Revenues 2025 Revenues YTD 31,889 $ 999,999 1,031,888 $ 2025 Total Budget 26,889 (841,937) (1) (815,049) 637.8% 0.0% 100% 55.9% % of Year Complete 100.0% 1 30c y of Tukwila Monthly Finance Report 37 Fund 306 City Facllities Year -to -Year Expenditures & Transfers Out by Category •2023 Expenses 2024 Expenses ..2025 Expenses. ". Category... . • • • . . • ..threttgh.sDeCernher through December through December. . „.„ ..„. „ .„.„. Services Land, Structures, Machinery, Equipment 1,305,172 $ 1,464,205 2,298,357 $ 808 62,300 $ (2,236,057) -97.3% (808) -100.0% Total 2,784,441 $ 2,299,165 $ 62,300 $ (2,236,865) -97.3% Fund 306 City Facilities Year -to -Year Revenues and Transfers In by Category 2023 Revenues 2024 Revenues 2025 Revenues Category through December through December through December Grant Revenues Investment Earnings Transfers In 26,709 $ 2,000,000 246,870 15,764 $ 1,824,783 31,889 $ 999,999 (246,870) 16,125 (824,784) -100.0°/0 +102.3% -45% Total Expenditures and Transfers Out Revenues and Transfers In $- $ 2,026,709 $ 2,087,417 $ 1,031,888 $ (1,055,529) -50.6% Fund 306 Prior Year Comparisons YTD $500 $1,000 $1,500 $2,000 $2,500 $3,000 Thousands , 2023 2024 a 2025 City of Tukwila Monthly Finance Report 381 31 Fund 401 Water Utility Fund Overview 2025 through December 2025 tAdget Va ila ce % of AnfIlial au get Revenues Expenditures Transfers Out 9,447,795 $ 7,780,393 1,507,615 11,341,356 10,493,596 1,507,615 83.3% 74.1% 100.0% Net Revenues Less Expenditures 159,787 $ (659,855) % of Year Complete 100.0% City of Tukwila Monthly Finance Report 132 39 Fund 401 Water Utility Fund Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through December Ann Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Other Expenditures Transfers Out - Internal Cost Allocation Transfers Out - Debt Service Transfers Out to Other Funds 957,112 538,827 3,105,196 5,677,288 215,173 816,232 358,050 333,333 895,738 $ 362,891 3,057,516 2,209,701 1,207,931 46,615 816,232 358,050 333,333 61,374 175,936 47,680 3,467, 587 (1,207,931) 168,558 94% 67% 98.5% 38.9% 21.7% 100% 100% 100% Total Thousands 814,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $- $ 12,001,211 $ 9,288,007 $ Fund 401 Expenditures and Transfers Out 2025 Expenditures YTD 2025 Total Budget Revenues and Transfers In by Category 2,713,204 77.4% % of Year Complete 100.0% Category 2025 Total Budget 2025 Revenues through December A Water Sales Security Revenue Other Income Investment Earnings Bond Proceeds Total $12,000 C co if $10,000 O L $8,000 $6,000 $4,000 $2,000 $ 9,239,856 $ 1,500 100,000 2,000,000 $ 11,341,356 $ Fund 401 Revenues 2025 Revenues YTD 9,312,257 $ (11,467) 29,229 117,774 9,447,793 $ 2025 Total Budget 72,401 (11,467) 27,729 17,774 (2,000,000) (1,893,563) 100.8% 1948.6% 117.8% 0% 83.3% of Year Complete 100.0% City of Tukwila Monthly Finance Report 40133 Fund 401 Water Utility Fund Year -to -Year Expenditures & Transfers Out by Category Catego 2023 Expense „ 2024 Expenses 2025 Expenses through tieeenttser, through December through Decembe 2 024 Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Other Expenditures Transfers Out - Internal Cost Allocation Transfers Out - Debt Service Transfers Out to Other Funds 730,760 $ 246,709 2,920,237 2,038,140 (389,108) 128,606 740,347 358,046 354,758 1,025,301 $ 895,738 290,698 362,891 2,943,697 3,057,516 1,931,595 2,209,701 (137,497) 1,207,931 61,047 46,615 777,364 816,232 358,046 358,050 340,000 333,333 $ (129,563) 72,193 113,819 278,106 +14.4% 1,345,428 -978.5% (14,432) -24% 38,868 4 +0% (6,667) -2% -12.6% +24.8% +3.9% +5% Total $ 7,128,495 $ 7,590,251 $ 9,288,007 $ 1,697,756 +22.4% Fund 401 Water Utility Fund Year -to -Year Revenues and Transfers In by Category 2023 Revnt through Decem 2024 Revenues 2025 Revenues through December through December Water Sales Security Revenue Other Income Investment Earnings $ 7,840,967 $ 8,202,910 10,574 6,626 42,902 4,430 213,790 171,729 $ 9,312,257 $ (11,467) 29,229 117,774 ,109, 347 (18,093) 24,799 (53,955) +14% -273.1 % +559.8% -31% Total Expenditures and Transfers Out Revenues and Transfers In $ 8,108,233 $ 8,385,695 $ 9,447,793 $ 1,062,098 Fund 401 Prior Year Comparisons YTD $1,000 52,000 $3.000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000 Thousands +12.7% 2023 2024 ■ 2(125 1 34c y of Tukwila Monthly Finance Report 41 2025 through December Revenues Transfers In Expenditures Transfers Out $ 11,937,148 $ 947,111 12,097,918 1,221,086 12, 527,105 947,112 16,129,584 1,221,086 95.3% 100.0% 75.0% 100.0% Net Revenues Less Expenditures $ (434,745) $ (3,876,453) % of Year Complete 100.0% City of Tukwila Monthly Finance Report 42135 Category 2025 Total Budget 2025 Expenses � ""met, through December (l of TIC ,Budget % of ntik40 fit( Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Other Expenditures Transfers Out - Internal Cost Allocation Transfers Out - Debt Service Transfers Out to Other Funds 666,584 $ 482,884 6,214,355 8,611, 358 154,403 687,666 200,087 333,333 739,266 $ 309,377 5,676,628 2,469, 068 2,750,678 152,901 687,666 200,087 333,333 (72,682) 173,507 537,727 6,142,290 (2,750,678) 1,502 111% 64% 91.3% 28.7% 99% 100% 100% 100% Total Thousands $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $6,000 $6,000 $4,000 $2,000 $- Category 17,350,670 $ 13,319,004 $ Fund 402 Expenditures and Transfers Out 2025 Expenditures YTD 2025 Total Budget 2025 Total Budget 4,031,666 2025 Revenues1 through December tavg f"l=al4'al, 5,7 76.8% % of Year Complete 100.0% Sewer Sales Other Income Investment Earnings Transfers In - General Fund 12,127,105 $ 400,000 947,112 11,472,141 $ 87,894 377,113 947,111 (654,964) 87,894 (22,887) (1) 94.6% 94.3% 100.0% Total 0 $13, 500 $13.400 3,300 $13,200 $13,100 $13, 000 $12.900 $12,600 $12,700 $12,600 $12,500 13,474,217 $ Fund 402 Revenues 2025 Revenues YTD 12,884,259 $ 2025 Total Budget (589,958) 95.6% % of Year Complete 100.0% 1 36c y of Tukwila Monthly Finance Report 43 2023 Expenses 2025 Expenses dough December through December through December. 2024 Expenses 2 Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Other Expenditures Transfers Out - Internal Cost Allocation Transfers Out - Debt Service Transfers Out to Other Funds 1,049,477 278,740 4,482,242 2,159,731 (275,813) 349,790 623,733 200,084 215,865 $ 1,335,753 $ 221,751 5,284,582 2,173,412 (105,119) 175,877 654,920 200,084 195,000 739,266 309,377 5,676,628 2,469,068 2,750,678 152,901 687,666 200,087 333,333 $ (596,487) -44.7% 87,626 +39.5% 392,046 +7.4% 295,656 +13.6% 2,855,797 -2716.7% (22,976) -13% 32,746 +5% 3 +0% 138,333 +71% Total $ 9,083,849 $ 10,136,260 $ 13,319,004 $ 3,182,744 +31.4% Category 2023 Reven gh Dece 2024 Revenues 2025 Revenues hrough December through Decembe Sewer Sales Other Income Investment Earnings 10,049,854 $ 77,321 561,344 10,543,595 $ 36,846 542,058 11,472,141 $ 87,894 377,113 928,546 +9% 51,048 +138.5% (164,945) -30.4% Total Expenditures and Transfers Out Revenues and Transfers In $ 10,688,519 $ 11,122,499 $ 11,937,148 $ 814,649 Fund 402 Prior Year Comparisons YTD $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 Thousands +7.3% 2023 2024 a 2025 City of Tukwila Monthly Finance Report 44137 Revenues Transfers In Expenditures Transfers Out 2,762,112 $ 300,000 2,309,505 241,788 2,487,500 300,000 2,719,666 241,788 111.0% 100.0% 84.9% 100.0% Net Revenues Less Expenditures $ 510,819 $ (173,954) % of Year Complete 100.0% 138City of Tukwila Monthly Finance Report 45 411 .., Category 2025 Tot udget 2025. Expenses through December' .. riv bl tt ud Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Transfers Out - Internal Cost Allocation 1,077,911 395,385 362,145 360,225 524,000 241,788 1,052,402 $ 394,311 397,720 411,119 53,954 241,788 25,509 1,074 (35,575) (50,894) 470,046 98% 100% 109.8% 114.1% 10% 100% Total Thousands $3,000 $2.900 $2,800 $2,700 $2.600 $2,500 $2,400 $2,300 2,961,454 $ 2,551,294 $ Fund 411 Expenditures and Transfers Out 2025 Expenditures YTD 2025 Total Budget 410,160 86.2% % of Year Complete 100.0% d Y Ca Category 2025 Total Budge 2025 Revenues through December MIK 41 Gambling & Excise Taxes Greens Fees General Government Revenue Culture and Recreation Fees Other Income Investment Earnings Rent & Concessions Transfer In From General Fund Total $3,100 $3,050 $3,000 $2,950 $2,900 $2,850 $2,800 $2,750 $2.700 $2.650 3,000 $ 1,610,000 165,000 5,000 11,000 60,000 633,500 300,000 2,787,500 $ Fund 411 Revenues and Transfers In 2025 Revenues YTD 1,832,001 190,483 5,031 29,003 73,955 631,640 300,000 3,062,113 $ 2025 Total Budget (3,000) 222,001 25,483 31 18,003 13,955 (1,860) 274,613 0.0% 113.8% 115.4% 100.6% 263.7% 123.3% 99.7% 100% 109.9% of Year Complete 100.0% City of Tukwila Monthly Finance Report 46139 41 F� 0 jo.. , Category 2023 Expenses through t}ecennber 2024 Expenses 2025 Expenses through December through December (i 2 20 Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Transfers Out - Internal Cost Allocation 802,511 268,088 418,632 508,405 219,309 1,109,387 $ 290,603 269,945 526,916 (121,385) 230,274 1,052,402 $ (56,985) 394,311 103,708 397,720 127,775 411,119 (115,797) 53,954 175,339 241,788 11,514 -5.1 % +35.7% +47.3% -22.0% -144.4% +5% Total $ 2,216,945 $ 2,318,643 $ 2,551,294 $ 232,651 +10.0% 2024 Revenues 2025 Revenues hrough December through December $ Greens Fees General Government Revenue Culture and Recreation Fees Other Income Investment Earnings Rent & Concessions Sale of Capital Assets Transfer In From General Fund 1,811,496 $ 173,199 2,130 50,908 72,111 484,356 22,446 300,000 1,756,629 $ 152,094 5,582 20,572 82,906 450,168 4,000 300,000 1,832,001 $ 75,372 +4.3% 190,483 38,389 +25.2% 5,031 (551) -9.9% 29,003 8,431 +41% 73,955 (8,951) -11% 631,640 181,472 +40% - (4,000) -100% 300,000 0% Total Expenditures and Transfers Out Revenues and Transfers In 2,920,773 $ 2,771,951 $ Fund 411 Prior Year Comparisons YTD $500 $1,000 S1,500 3,062,113 $ $2,000 $2,500 290,162 +10.5% $3,000 $3,500 Thousands 2023 2024 ■ 2025 140c y of Tukwila Monthly Finance Report 47 Fund 412 Surface Water Utility Fund Overview 2025 through December Ann udg Revenues Expenditures Transfers Out 11,218,450 $ 7,484,861 1,555,760 14, 742,267 15,103, 982 1,555,760 76.1% 49.6% 100.0% Net Revenues Less Expenditures $ 2,177,829 $ (1,917,475) % of Year Complete 100.0% City of Tukwila Monthly Finance Report 48141 Fund 412 Surface Water Utility Fund Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through December • kigs Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Other Expenditures Transfers Out - Internal Cost Allocation Transfers Out - Debt Service Transfers Out to Other Funds $ 2,028,653 $ 1,023,526 72,665 11,957, 541 21,597 727,476 494,951 333,333 1,732,962 $ 645,578 63,820 4,164, 707 856,280 21,515 727,476 494,951 333,333 295,691 377,948 8,845 7,792,834 (856,280) 82 85% 63% 87.8% 34.8% 100% 100% 100% 100% Total m $18,000 ra $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $- $ 16,659,742 $ 9,040,622 $ 7,619,120 54.3% Fund 412 Expenditures and Transfers Out 2025 Expenditures YTD 2025 Total Budget % of Year Complete 100.0% Revenues and Transfers In by Category Category 2025 Total Bud 2025 Revenues. through December nfovorobi Surface Water Sales Permits Grant Revenues Other Income Investment Earnings Total 0 0 0 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $- $ 8,477,267 $ 3,322,000 2,643,000 300,000 $ 14,742,267 $ Fund 412 Revenues 2025 Revenues YTD 8,570,997 $ (17) 1,445, 748 729,280 472,441 11,218,449 $ 2025 Total Budget 93,730 (17) (1,876,252) (1,913,720) 172,441 (3,523,818) 101.1% 43.5% 27.6% 157.5% 76.1% % of Year Complete 100.0% 1 42c y of Tukwila Monthly Finance Report 49 Fund 412 Surface Water Utility Fund Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses 2024 Expenses 2025 Expenses through December through December through Decembe Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Other Expenditures Transfers Out - Internal Cost Allocation Transfers Out - Debt Service Transfers Out to Other Funds 1,194,238 $ 421,695 49,835 1,936,016 (467,611) 283,074 659,842 494,945 476,667 1,834,798 $ 448,811 82,706 2,241, 500 (699,327) 40,854 692,834 494,945 477,000 1,732,962 645,578 63,820 4,164,707 856,280 21,515 727,476 494,951 333,333 $ (101,836) -5.6% 196,767 +43.8% (18,886) -22.8% 1,923,207 +85.8% 1,555,607 -222.4% (19,339) -47% 34,642 +5% 6 +0% (143,667) -30% Total $ 5,048,701 $ 5,614,121 $ 9,040,622 $ 3,426,501 +61.0% Fund 412 Surface Water Utility Fund Year -to -Year Revenues and Transfers In by Category evenues 2024 Revenues 2025 Revenues through December through December through Decembe Surface Water Sales Permits Grant Revenues Other Income Investment Earnings $ 7,755,433 $ 466,964 156,274 384,476 8,090,765 $ 648,905 1,613,734 551,102 8,570,997 $ (17) 1,445,748 729,280 472,441 480,232 (17) 796,843 +122.8% (884,454) -54.8% (78,661) -14% +6% Total Expenditures and Transfers Out Revenues and Transfers In $ 8,763,147 $ 10,904,506 $ 11,218,449 $ 313,943 Fund 412 Prior Year Comparisons YTD $2,000 $4,000 $6,000 58,000 $10,000 $12,000 Thousands +2.9% 202.3 2024 ■ 2025 City of Tukwila Monthly Finance Report 5°143 Fund 501 Equip en Rental Overview 2025 through December Revenues Expenditures Transfers Out 6,446,291 $ 5,314,745 386,308 6,223,147 5,749,503 386,308 103.6% 92.4% 100.0% Net Revenues Less Expenditures $ 745,238 $ 87,336 % of Year Complete 100.0% 44City of Tukwila Monthly Finance Report 51 Fund 501 Equipment Rental Expenditures and Transfers Out by Category Categ 2025 To Budge 2025 Expenses through December 7 µ tffi et Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Transfers Out - Internal Cost Allocation 519,798 237,888 790,900 1,903, 717 2,297,200 386,308 512,022 $ 223,437 848,894 1,767,022 1,976,078 386,308 7,776 14,451 (57,994) 136,695 321,122 99% 94% 107.3% 92.8% 86% 100% Total $6,200 c c $6,100 0 t- $6,000 $5,900 $5,800 $5,700 $5,600 $5,500 6,135,811 $ 5,713,761 $ Fund 501 Expenditures and Transfers Out 2025 Expenditures YTD 2025 Total Budget Revenues and Transfers In by Category 422,050 93.1 % % of Year Complete 100.0% Category 2025 Total Bu 2025 Revenues through December u Ari aria Fleet Replacement Charges Fleet Lease Charges Fleet Repair Charges Other Income Investment Earnings Sale of Capital Assets Total $6,500 $6,450 $6,400 $6,350 $6,300 $6,250 $6,200 $6,150 $6,100 2,294,324 $ 3,526,723 200,000 2,100 40,000 160,000 6,223,147 $ Fund 501 Revenues 2025 Revenues YTD 2,294,323 $ 3,526,722 223,027 3,841 100.0% 100.0% 111.5% 182.9% 76,485 36,485 191.2% 321,893 161,893 201.2% 6,446,291 $ 223,144 103.6% 2025 Total Budget of Year Complete 100.0% City of Tukwila Monthly Finance Report 52145 1 46c Fund 501 Equipment Rental o-Year Expenditures & Transfers Out by ategory Categor 2023Expenses 2024 Expenses 2025 Expenses rough December through December through December Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Transfers Out - Internal Cost Allocation 343,648 $ 144,476 703,788 494,345 350,392 486,347 153,190 746,743 690,406 (1,546) 367,912 512,022 223,437 848,894 1,767,022 1,976,078 386,308 $ 25,675 70,247 102,151 1,076,616 1,977,624 18,396 +5.3% +45.9% +13.7% +155.9% -127918.8% +5% Total Fleet Replacement Charges Fleet Lease Charges Fleet Repair Charges Other Income Investment Earnings Sale of Capital Assets $ 2,141,465 $ 2,646,029 $ 5,701,055 $ 3,055,026 Fund 501 Equipment Rental -Year Revenues and Transfers In by C 2023 Revenues 2024 Revenues hreugh December through December 1,050,522 $ 1,005,719 65,474 85 205,692 (2,666,543) 1,240, 748 250,521 1,709 156,585 187,692 2,294,323 3,526,722 223,027 3,841 76,485 321,893 +115.5% $ 1,053,575 +85% 3,526,722 - (27,494) -11.0% 2,132 +124.8% (80,100) -51% 134,201 +72% Total Expenditures and Transfers Out Revenues and Transfers In $(1,000) $- y of Tukwila Monthly Finance Report (339,051) $ 1,837,255 $ Fund 501 Prior Year Comparisons YTD $1,000 $2,000 $3,000 $4,000 6,446,291 $ 4,609,036 +250.9% $5,000 $6,000 $7,000 Thousands 2023 2024 • 2025 53 Revenues Expenditures Transfers Out n�-act C7veMew 7,082,838 $ 6,167, 004 209,077 8,302,594 6,599,439 209,077 85.3% 93.4% 100.0% Net Revenues Less Expenditures $ 706,757 $ 1,494,078 % of Year Complete 100.0% City of Tukwila Monthly Finance Report 54147 Self Insurance Medical Claims Dental Claims Prescription Claims Vision Claims Stop Loss Reimbursements TPA Admin Fees Excess Loss Prem Contracted Services Employee Wellness Services Transfers Out - Internal Cost Allocation $ and 502 Insurance - Active Employee, xpenditures and Transfers Out by Categon 4,108,327 $ 413,306 1,158,759 21,641 155,034 621,372 100,000 18,000 209,077 3,915,462 $ 443,933 1,362,009 18,354 (350,809) 158,249 573,430 35,369 10,301 209,077 192,865 (30,627) (203,250) 3,287 350,809 (3,215) 47,942 64,631 7,699 95% 107% 117.5% 84.8% 102% 92% 35% 57% 100% Total t F- $6,900 $6,800 $ 6, 700 $6,600 $6,500 $6,400 $6,300 $6,200 $6,100 6,805,516 $ 6,375,375 $ Fund 502 Expenditures and Transfers Out 2025 Expenditures YTD nd Transfe 2025 Total Budget r by Category 430,141 93.7% % of Year Complete 100.0% Categor} 2025 Total Budget 2025 Revenues through December ti dget Ye of ... •m Employer Trust Contributions Employee Voluntary Contributions Employee Mandatory Contributions Employee Benefit Program Services Investment Earnings Total $8,400 $8,200 $8,000 $7,800 $7,600 $7,400 $ 7, 200 $7,000 $6, 800 $6,600 $6,400 7,943,114 $ 311,980 47,500 8,302,594 $ Fund 502 Revenues 2025 Revenues YTD 6,452,001 70,477 334,806 86 (1,491,113) 70,477 22,826 86 81.2% 107.3% 225,470 177,970 474.7% 7,082,840 $ (1,219,754) 85.3% 2025 Total Budget % of Year Complete 100.0% 148c y of Tukwila Monthly Finance Report 55 uod 502 Insurance'- Active Employee t-YearExpend'rtures & Transfers Out by C tegor Category 2023 Expense; through Decent 2024 Expenses 2025 Expenses through December through December Self Insurance Medical Claims Dental Claims Prescription Claims Vision Claims Stop Loss Reimbursements TPA Admin Fees Excess Loss Prem Employee Wellness Supplies Contracted Services Employee Wellness Services Transfers Out - Internal Cost Allocation 3,739,646 399,538 941,165 17,033 (305,685) 139,282 288,743 1,121 56,651 8,665 189,639 $ 4,182,516 $ 376,197 1,039,301 16,620 (423,051) 141,496 400,104 622 56,379 3,395 199,121 3,915,462 443,933 1,362,009 18,354 (350,809) 158,249 573,430 704 35,369 10,301 209,077 $ (267,054) 67,736 322,708 1,734 72,242 16,753 173,326 82 (21,010) 6,906 9,956 -6.4% +18.0% +31.1% +10.4% -17.1% +11.8% +43.3% +13% -37% +203% +5% Total 5,475,798 $ Fund 502lnssurance .Ac -to Year Revenues anti Trai 5,992,700 $ 6,376,079 $ 383,379 ve Employees sfers In by Categgor +6.4% 2023 Revenues through Decembe 2024 Revenues hrough December 2025 Revenues through December Employer Trust Contributions Employee Voluntary Contributions Employee Mandatory Contributions Employee Benefit Program Services Investment Earnings 5,604,142 $ 64,602 84,518 6,159,160 $ 39,248 173,203 203,911 222,487 6,452,001 70,477 334,806 86 225,470 $ 292,841 31,229 161,603 86 2,983 +5% +79.6% +93.3% +1% Total Expenditures and Transfers Out Revenues and Transfers In 5,957,173 $ 6,594,098 $ Fund 502 Prior Year Comparisons YTD $1,000 $2,000 $3,000 $4.000 7,082,840 $ 488,742 $5,000 $6,000 $7,000 $8,000 Thousands +7.4% 2023 2024 ■ 2025 City of Tukwila Monthly Finance Report 56149 Revenues Transfers In Expenditures Transfers Out 412,093 $ 500,000 509,168 13,938 546,347 588,766 13,938 75.4% 86.5% 100.0% Net Revenues Less Expenditures $ 388,987 $ (56,357) % of Year Complete 100.0% 150City of Tukwila Monthly Finance Report 57 Fund 503 Insurance - LEOFF "1 Retirees Expenditures and Transfers Out by Category 2025 Total Budget 2025 Expenses through December is ..... An Self Insurance Medical Claims Dental Claims Prescription Claims Vision Claims TPA Admin Fees Excess Loss Premium Long Term Care Out of Pocket Medicare Plan B Contracted Services Transfers Out - Internal Cost Allocation 150,000 32,931 169,644 4,419 12,612 24,160 115,000 75,000 5,000 13,938 66,658 $ 39,596 234,468 3,888 14,626 23,735 86,830 4,308 35,059 13,938 83,342 (6,665) (64, 824) 531 (2,014) 425 28,170 70,692 (35,059) 5,000 44% 120% 138.2% 88.0% 116% 98% 76% 6% 0% 100% Total $ 602,704 $ 523,106 $ 79,598 86.8% $620 c $600 0 s I- $580 $560 $540 $520 $500 $480 Fund 503 Expenditures and Transfers Out 2025 Expenditures YTD 2025 Total Budget % of Year Complete 100.0% Revenues and Transfers In by Category Category 2025 Total udaE 2025 Revenues through December etiMana Employer Trust Contributions Investment Earnings Transfer In From General Fund Total ,0 $900 $800 $700 5500 $500 $400 $300 $200 5100 $- 545,833 $ 514 546,347 $ Fund 503 Revenues 2025 Revenues YTD 409,873 $ 2,221 500,000 912,094 $ 2025 Total Budget (135,960) 1,707 500,000 365,747 75.1% 432.1% 166.9% % of Year Complete 100.0% City of Tukwila Monthly Finance Report 58151 Fund 503 Insurance - LEOFF 1 Retirees Year -to -Year Expenditures & Transfers Out by Category 2023 Expenses ' 2024 Expenses 2025 Expenses through December < through December through December 2 Vs. 24 Self Insurance Medical Claims Dental Claims Prescription Claims Vision Claims TPA Admin Fees Excess Loss Premium Long Term Care Out of Pocket Medicare Plan B Contracted Services Transfers Out - Internal Cost Allocation 76,645 $ 32,448 154,670 3,189 15,913 49,133 75,433 2,487 57,872 12,642 57,603 $ 29,722 156,312 20,502 14,497 16,045 88,080 8,912 49,100 2,000 13,274 66,658 39,596 234,468 3,888 14,626 23,735 86,830 4,308 35,059 13,938 $ 9,055 9,874 78,156 (16,614) 129 7,690 (1,250) (4,604) (14,041) (2,000) 664 +15.7% +33.2% +50.0% -81.0% +0.9% +47.9% -1.4% -52% -29% -100% +5% Total 480,432 $ 456,047 $ 523,106 $ 67,059 +14.7% Fund 503 insurance - LEOFF 1 Retirees Year -to -Year Revenues and Transfers In by Category Category 2023 Revenues through December through December through December 2024 Revenues 2025 Revenues Employer Trust Contributions Investment Earnings Transfer In From General Fund 369,650 $ 7,198 323,057 $ 3,759 409,873 $ 2,221 500,000 86,816 (1,538) 500,000 +27% -40.9% Total Expenditures and Transfers Out Revenues and Transfers In $ 376,848 $ 326,816 $ 912,094 $ 585,278 +179.1% Fund 503 Prior Year Comparisons YTD 5100 $200 5300 $400 $500 $600 $700 $800 $900 $1,000 Thousands 2023 2024 ■ 2025 1 52c y of Tukwila Monthly Finance Report 59 2025 Estimated Fund Balances All Funds except Debt Service Funds Fund Marne Total Actual & 2025 2025 Actual & Estimated Projected 2025 Beginning Estimated Expenditures/ Ending Fund Fund Balance Revenues Expenses Balance General Fund* Special Revenue Funds Hotel Motel Tax Arterial Streets Drug Seizure Fund Capital Project Funds Residential streets Land Acq, Rec, & Parks Imps General Gov't Imps Fire Improvement Public Safety City Facilities Enterprise Funds Water Fund** Sewer Fund** Golf Course** SSWM Fund** Internal Service Funds $ 24,722,225 3,728,106 7,326,170 436,912 1,770,619 4,359,134 41,694 1,617,834 989,887 4,548,131 13,900,117 1,695,891 13,081,527 78,306,936 906,140 6,885,248 15,814 304,190 1,796,142 447,633 60,411 574,388 1,031,888 9,447,793 12,884,259 3,062,113 11,218,449 $ 76,205,371 $ 26,823,790 489,931 4,459,299 73,000 118,568 1,318,421 417,310 60,411 1,318,824 62,300 9,288,007 13,319,004 2,551,294 9,040,622 4,144,315 9,752,119 379,726 1,956,241 4,836,855 72,017 873,398 1,959,475 4,707,917 13,465,372 2,206,710 15,259,354 Equipment Rental** Insurance - Active LEOFF 1 Retirees 1,931,334 3,454,472 (58,262) Total All Funds $ 83,545,791 6,446,291 7,082,840 912,094 $ 141,382,629 5,713,761 6,375,375 523,106 2,663,864 4,161,937 330,726 $ 131,334,604 $ 93,593,816 *Includes Contingency Fund 105 **Excludes net position restricted for net investment in capital assets and pension. 153 Depository CASH & CASH EQUIVALENTS US Bank Operating Cash Washington State Treasurer Columbia (Umpqua) Bank CITY OF TUKWILA Cash and Investment Details CASH & INVESTMENT REPORT December 31, 2025 Investment Maturity Type Date Depository LGIP Investment Pool Money Market Balance (d) Current Annualized Rate Return (b) 3,924,810 0.54% 21,194 (e) (b) 71,600,348 3.88% 2,776,017 (f) (b) 17,854,932 4.20% 749,907 (f) Total Cash & Cash Equivalents 93,380,090 3.80% Agency / Issuer INVESTMENTS Rating (a) Investment Purchase Maturity Term Type Date Date Yrs. Face Value 547,118 (g) (c) Yield to Annualized Maturity Return Agencies Federal Home Loan Bank Aaa US agency 02/2021 02/2026 0.1 1,000,000 0.63% 6,250 Federal Farm Credit Bank Aaa US agency 06/2021 06/2026 0.4 1,000,000 0.90% 9,000 Federal Home Loan Bank Aaa US agency 11/2021 11/2026 0.8 2,000,000 1.46% 29,200 Federal Home Loan Bank Aaa US agency 05/2022 05/2026 0.3 1,000,000 3.38% 33,750 Federal Home Loan Bank Aaa US agency 06/2022 06/2027 1.4 1,000,000 3.59% 35,900 TOTAL AGENCIES Taxable Municipal Bonds Metro Oregon GO Taxable King County WA GO Taxable Bellevue WA GO Taxable 6,000,000 1.90% 114,100 AAA LTGO 06/2021 06/2026 0.4 1,000,000 0.83% 32,500 03/2022 12/2026 0.9 1,000,000 2.33% 14,000 04/2022 12/2026 0.9 1,000,000 3.12% 14,370 TOTAL MUNICIPAL BONDS 3,000,000 2.03% 60,870 Total Investments 9,000,000 1.94% 174,970 TOTAL PROJECTED CASH, CASH EQUIVALENTS & INVESTMENTS (a) Term is calculated to final maturity or call date if bond has been called. (b) No fixed maturity, funds are available within one day. (c) Yield to Maturity represents average rate for the year for various investment vehicles. (d) Annualized return represents annual earnings at current rate. (e) Represents earning credit from US Bank. City earned interest up to the amount of fees. (f) Current rate reflects most recent interest rate for each depository account. (g) Represents annual earnings, assuming no changes in the Market. Actual earnings to date are $2,851,269 Agencies, 6% Money Market, 17% $102,380,090 3.64% $ 3,722,088 Current Portfolio Yield Current Portfolio Allocation Municipal Bonds, 3% Cash, 4% \\_LGIP, 70% 154 CITY OF TUKWILA Policy Compliance & Liquidity Analysis CASH & INVESTMENT REPORT December 31, 2025 Cash & Investments Funds immediately available - US Bank, State LGIP, Money market Fixed Maturity Investments, maturing in: 0-90 days after Report Date 91-180 days after Report Date 181-270 days after Report Date 271-360 days after Report Date Total Investments maturing in 1 year or less Investments maturing in more than 1 year and less than 10 years. Total Cash & Investments Financial Institution Diversification US Bank Columbia (Umpquah) Bank State LGIP Investments in US Government and other non- financial institutions Total Investment Mix Depository (USBank) State Investment Pool Umpquah US Agency Municipal Bonds Total ` . s, ti ?yam Weighted Average Maturities: Funds Immediately Available Government Agency bonds Municipal bonds Total WAM POLICY MAXIMUM Policy Met? Portfolio Amount $ 93,380,090 2,000,000 3,000,000 2,000,000 2,000,000 9,000,000 3,000,000 $ 105,380,090 Portfolio Amount $ 3,924,810 17,854,932 71,600,348 9,000,000 $ 102,380,090 Portfolio Amount 3,924,810 71,600,348 17,854,932 6,000,000 3,000,000 102,380,090 Years 0.0 0.7 0.8 0.1 2.0 Yes Note: Funds immediately available are not factored into the Portfolio Investments weighted average maturity. As of Report Date Available Within 1 Year $ 93,380,090 9,000,000 $102,380,090 97% % of Total 3.8% 17.4% 69.9% 8.8% 100.0% % of Total 3.8% 69.9% 17.4% 5.9% 2.9% 100.0% Available Within 5 Years $ 93,380,090 9,000,000 3,000,000 $ 105,380,090 100% POLICY MAXIMUM insured by PDPC 20% 100.0% varies see below POLICY MAXIMUM insured by PDPC 100% insured by PDPC 100% 30% Policy Met? Yes Yes Yes Yes Policy Met? Yes Yes Yes Yes Yes Performance Analysis Current portfolio yield 3.636% Benchmarks: 2 year treasury 3 year treasury 5 year treasury 3.483% 3.546% 3.732% 155