HomeMy WebLinkAboutFIN 2026-04-13 Item 1D - Report - February 2026 Monthly Financial ReportCity of Tukwila
Thomas McLeod, Mayor
INFORMATIONAL MEMORANDUM
TO: Finance & Governance Committee
FROM: Tony Cullerton, Deputy Finance Director
CC: Thomas McLeod, Mayor
DATE: April 13th, 2026
SUBJECT: February 2026 Financial Report
EXECUTIVE SUMMARY
The Finance & Governance Committee is being provided with the February 2026
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 identified trends.
The February monthly report reflects financial activity through February 28, 2026,
representing 16.7% of the fiscal year complete. The report includes General Fund
revenue and expenditure results, performance for major operating and capital funds,
and comparisons 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 operations.
General Fund Overview
Through February 2026, General Fund revenues and transfers -in total approximately
$11.5 million (14.6%) of budget. Expenditures and transfers -out total approximately
$13.7 million (17.5% of budget). The year-to-date net position reflects expenditures
exceeding revenues, which is typical earlier in the year due to timing differences in
revenue collection and expenditure patterns. As the year progresses, revenues,
particularly taxes and intergovernmental revenues will continue to normalize based on
economic activity, billing cycles, and timing of receipts.
Revenue Highlights
Major General Fund revenue categories performing above the percentage of year
complete include:
• Business & Occupation Tax (30.4% of budget)
• Intergovernmental Revenue (23.1% of budget)
• Gambling Tax (24.4% of budget)
• Utility Taxes (19.3% of budget)
Other revenue categories, such as Building Permits and Charges for Services, are
below the percentage of year complete due to timing of development activity, permitting
cycles, and reimbursement schedules.
33
INFORMATIONAL MEMO
Page 2
Expenditure Highlights
General Fund expenditures and transfers -out total approximately $13.7 million (17.5%)
of the annual budget.
By category:
• Salaries, Wages & Overtime — 15.5% of budget
• Benefits — 14.5% of budget
• Services — 23.2% of budget
Higher spending in services reflects contract timing, annual payments, and early -year
service agreements.
Most departmental expenditures remain generally aligned with expectations for this
stage of the year.
Significant Revenue Variances (>_5% and >_$50,000)
The following General Fund revenue categories are performing above expected levels
based on a straight-line projection:
Business & Occupation Tax — $736,130 (30.4% of budget). Reflects normal filing cycles
and timing of receipts early in the year.
Gambling Taxes — $1,085,470 (24.4% of budget). Indicates strong activity levels relative
to the annual budget.
Intergovernmental Revenue — $1,293,462 (23.1% of budget). Driven by timing of grant
reimbursements and external funding.
While these categories are above the percentage of year complete, performance at this
stage is still largely influenced by timing rather than long-term trends. Finance will
continue monitoring for sustained variance patterns.
Significant Expenditure Variances (>_5% and >_$50,000)
The following General Fund expenditure categories reflect year-to-date variances of 5%
and greater than $50,000 compared to budget expectations:
By Category
• Services — $5.38 year-to-date (23.2% of budget). Spending exceeds a straight-line
projection due to contract timing and early -year payments.
By Department
• Finance Department — $1.47 million (31.5% of Budget). 6 year-to-date (26.1% of
budget). Early -year expenditures reflect timing of professional services, system
costs, and internal allocations.
• Police Department — $5.19 million (17.6% of budget) Slightly above trend due to
personnel and service -related costs.
34
INFORMATIONAL MEMO
Page 3
• Public Works Department — $1.6 million (19.9% of budget). Variances are primarily
related to seasonal work and contract timing.
Overall, expenditure variances remain consistent with expected timing differences
typical in the early part of the fiscal year.
Similar to revenues, early -year expenditure variances are primarily attributable to timing
differences, contract schedules, and internal cost allocations. Finance will continue
monitoring expenditures to ensure alignment with the adopted budget as the year
progresses.
Other Funds & Year -End Trends
Major operating and capital funds reflect typical early -year timing patterns:
• Water Utility (Fund 401) revenues total $1.35 million (13.2%), with expenditures of $1.52
million (13.8% of budget).
• Sewer Utility (Fund 402) revenues total $1.88 million (14.3%), with expenditures of $1.74
million (10.9% of budget).
• Surface Water, Golf, and Capital Funds reflect project and billing cycle timing that will
normalize over the course of the fiscal year.
Early -year variances in capital and special revenue funds are generally tied to project timing,
grant reimbursements, and seasonal revenue patterns.
Conclusion
Overall, February financial results are consistent with expectations for 16.7% of the year
complete. Variances observed to date are primarily driven by timing differences in both
revenues and expenditures.
Finance will continue to monitor financial performance, revenue trends, and expenditure activity
to ensure alignment with the adopted budget and to identify any emerging issues as the year
progresses.
ATTACHMENTS
• February 2026 Monthly Financial Report
• February 2026 Clearwater Investment Statement
35
General Fund j
Overview
2026 Actuals through
February
Revenues
Transfers In
Expenditures
Transfers Out
$
2026 Total Budget
Budget Variance
% of Annual Budget
10,691,561 $
764,187
12,927,640
747,394
73,251,214
5,316,382
73,514,061
4,484,347
14.6%
14.4%
17.6%
16.7%
Net Revenues Less Expenditures $ (2,219,286) $ 569,188
General Fund figures include General Fund and Contingency Fund, a Sub -Fund of the General Fund
General Fund Overview
$80
$70
$60
$50
$40
$30
$20
$10
•
•
of Year Complete
16.7%
•
Revenues Transfers In Expenditures Transfers Out
■ Year to Date ■ Budget
36 City of Tukwila Monthly Finance Report 1
General Fund Overview - Revenues and Transfers In by Category
Category
2026 Total 2026 Revenues
Budget through February
Taxes:
Property Tax $ 12,215,213 $
Sales & Use Tax 24,333,095
Other Sales Taxes 1,205,820
Gambling Taxes 4,449,500
Business & Occupation Taxes 2,424,000
Utility Taxes 4,702,390
Interfund Utility Taxes 3,364,735
Admission Taxes 885,012
Leasehold Excise Tax 275,000
Business Licenses 3,479,655
Building Permits & Rental Housing Permits 2,061,800
Intergovernmental 5,607,020
Charges for Services 2,436,020
Miscellaneous Revenue 1,611,954
Transfers In - Indirect Cost Allocation 3,267,278
Transfers In From Other Funds 2,049,104
Sale of Capital Assets 4,200,000
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
122,905 $
4,303,787
209,736
1,085,470
736,130
905,242
314,033
167,034
49,157
443,750
339,195
1,293,462
337,971
383,689
544,548
219,639
(12,092,308)
(20,029,308)
(996,084)
(3,364,030)
(1,687,870)
(3,797,148)
(3,050,702)
(717,978)
(225,843)
(3,035,905)
(1,722,605)
(4,313,558)
(2,098,049)
(1,228,265)
(2,722,730)
(1,829,465)
(4,200,000)
1.0%
17.7%
17.4%
24.4%
30.4%
19.3%
9.3%
18.9%
17.9%
12.8%
16.5%
23.1 %
13.9%
23.8%
16.7%
10.7%
0.0%
Total
$ 78,567,596 $ 11,455,748 $
(67,111,848) 14.6%
Percent of Year Complete: 16.7%
City of Tukwila Monthly Finance Report 2 37
Property Tax
Sales & Use Tax
General Fund Major Revenues
Gambling Taxes
Business & Occupation Taxes
Utility Taxes
Interfund Utility Taxes I
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
I
$- $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 $26
Millions
• Revenues and Transfers In YTD ■ Total Budget
38 City of Tukwila Monthly Finance Report 3
General Fund: Year -to -Year Revenues and Transfers In
Category
2024 Revenues
Through February
2025 Revenues
Through February
2026 Revenues
through February
Taxes:
Property Tax
Sales & Use Tax
Other Sales Taxes
Gambling Taxes
Business & Occupation Taxes
Utility Taxes
Interfund Utility Taxes
Admission Taxes
Leasehold Excise Tax
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
136,721 $ 23,857 $
3,942,787 4,352,941
201,084 207,616
996,929 900,785
638,458
746,022 913,012
283,374 304,133
124,445 178,243
63,162 66,360
521,508 421,837
299,062 636,170
2,505,702 2,998,501
338,682 575,960
363,351 396,831
493,927 518,614
122,905 $ 99,048
4,303,787 (49,154)
209,736 2,120
1,085,470 184,685
736,130 97,672
905,242 (7,770)
314,033 9,900
167,034 (11,209)
49,157 (17,203)
443,750 21,913
339,195 (296,975)
1,293,462 (1,705,039)
337,971 (237,989)
383,689 (13,142)
544,548 25,934
219,639 219,639
+415.2%
-1.1%
+1.0%
+20.5%
+15.3%
-0.9%
+3.3%
-6.3%
-25.9%
+5.2%
-46.7%
-56.9%
-41.3%
-3.3%
+5.0%
Total
$ 11,016,756 $ 13,133,318 $ 11,455,748 $ (1,677,570) -12.8%
City of Tukwila Monthly Finance Report 4 39
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
Millions
2024 2025 ■ 2026
40 City of Tukwila Monthly Finance Report 5
General Fund Overview - Expenditures & Transfers Out by Department
Department 2026 Total Budget
2026 Expenses through
February
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
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 to Other Funds
456,810 $
10,137,137
4,666,108
5,854,564
2,504,217
29,515,597
1,309,887
4,367,833
2,518,366
5,334,529
4,841,967
2,007,046
3,784,347
700,000
72,769 $
1,658,493
1,469,439
880,371
412,055
5,189,251
280,571
498,759
401,022
1,062,056
647,800
355,054
630,724
116,670
384,041
8,478,644
3,196, 669
4,974,193
2,092,162
24,326,346
1,029,316
3,869,074
2,117,344
4,272,473
4,194,167
1,651,992
3,153,623
583,330
15.9%
16.4%
31.5%
15.0%
16.5%
17.6%
21.4%
11.4%
15.9%
19.9%
13.4%
17.7%
16.7%
16.7%
Total $ 77,998,408 $
13,675,034 $ 64,323,374
17.5%
Percent of Year Complete: 16.7%
City of Tukwila Monthly Finance Report
641
Thousands
$35,000
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$-
General Fund Expenditures and Transfers Out by Department
I
—_ , , M.
I —. _ I _1 -•
e �ae
ocs° `o,GeO' oeye�\o o a O GoQ c�/ c��
Ge sesece
o
Qac c, ee �e
et` c'-
OeQ sere
�o'\t � ame
• Expenditures and Transfers Out YTD • Total Budget
42 City of Tukwila Monthly Finance Report 7
General Fund Overview - Year -to -Year Expenditures & Transfers Out by Department
Category
2024 Expenses through
February
2025 Expenses through
February
2026 Expenses through
February
2026 vs 2025
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 to Other Funds
$
62,310 $
1,270,256
1,374,162
732,652
315,793
4,242,948
4,253,011
533,846
259,901
974,876
404,957
58,092 $
1,454, 848
1,356,873
833,843
355,715
4,953,157
44,214
549,012
298,244
999,722
523,077
18,953 150,569
72,769 $
1,658,493
1,469,439
880,371
412,055
5,189,251
280,571
498,759
401,022
1,062,056
647,800
14,677
203,645
112,566
46,528
56,340
236,094
236,357
(50,253)
102,778
62,334
124,723
355,054 204,485
630,724 630,724
116,670 116,670
+25.3%
+14.0%
+8.3%
+5.6%
+15.8%
+4.8%
+534.6%
-9.2%
+34.5%
+6.2%
+23.8%
+135.8%
Total $ 14,443,665 $ 11,577,366 $ 13,675,034 $
Notes:
'In 2026, Fleet replacement expenditures were shifted from quarterly to monthly.
2,097,668 +18%
City of Tukwila Monthly Finance Report
8 43
N $6,000
co
0
0
1-
F
$5,000
$4,000
$3,000
$2,000
$1,000
$-
General Fund Expenditures by Department Prior Year Comparions YTD
2024 2025 ■ 2026
44 City of Tukwila Monthly Finance Report 9
°° ea
eJ as
p O'`
do
OJT
General Fund Overview - Expenditures by Category
1
Category 2026 Total Budget
2026 Expenses through
February
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Land, Structures, Machinery, Equipment
Other Expenditures
Transfers Out - Debt Service
Transfers Out to Other Funds
$
35,372,844
13,086,179
1,694,812
23,178,221
151,800
30,205
3,784,347
700,000
$
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
5,472,839 $
1,901,433
170,619
5,381,556
1,193
630,724
116,670
29,900,005
11,184, 746
1,524,193
17,796,665
150,607
30,205
3,153,623
583,330
15.5%
14.5%
10.1%
23.2%
0.8%
0.0%
16.7%
16.7%
Total
N $40,000
c
of $35,000
0
0
r
1- $30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$-
$ 77,998,408 $ 13,675,034 $ 64,323,374
Percent of Year Complete:
General Fund Expenditures and Transfers Out by Category
Salaries, Wages, &
Overtime Machinery, Equipment Service Funds
■
Benefits Supplies
Services
17.5%
16.7%
Land, Structures, Other Expenditures Transfers Out - Debt Transfers Out to Other
• Expenditures and Transfers Out YTD ■ 2026 Total Budget
City of Tukwila Monthly Finance Report
General Fund: Year -to -Year Expenditures & Transfers Out by Category
Category
2024 Expenses through
February
2025 Expenses through
February
2026 Expenses through 2 ' . 's 2025
February
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Services excluding PSRFA Fire Contract
Land, Structures, Machinery, Equipment
Transfers Out - Debt Service
Transfers Out to Other Funds
4,531,335
1,738,218
133,026
7,864,693
4,248,376
176,392
5,250,431
1,926,600
136,741
4,262,675
4,262,675
920
5,472,839
1,901,433
170,619
5,381,556
5,381,556
1,193
630,724
116,670
222,408
(25,167)
33,878
1,118,881
1,118,881
273
630,724
116,670
+4.2%
-1.3%
+24.8%
+26.2%
+26.2%
+29.7%
Total
$9,000
$8,000
0
L
~ $7,000
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$-
i
Salaries, Wages, &
$ 14,443,664 $ 11,577,367 $ 13,675,034 $ 2,097,667 +18.1%
General Fund Expenditures by Category Prior Year Comparions YTD
Benefits Supplies Services Services excluding Land, Structures, Other Expenditures Transfers Out - Debt Transfers Out to Other
Overtime PSRFA Fire Contract Machinery, Equipment Service Funds
2024 2025 ■ 2026
46 City of Tukwila Monthly Finance Report 11
Fund 101 Hotel/Motel Special Revenue Fund
Overview
2026 through
February
Revenues
Expenditures
Transfers Out
2026 Total Budget
Budget Variance
% of Annual Budget
120,478 $
116,178
5,109
1,047,750
1,614,096
30,669
11.5%
7.2%
16.7%
Net Revenues Less Expenditures $ (809) $ (597,015)
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report
12 47
Fund 101 Hotel/Motel Special Revenue Fund
Expenditures and Transfers Out by Category
Category 2026 Total Budget
2026 Expenses
through February
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Transfers Out - Internal Cost Allocation
$
55,387 $
11,459
12,000
1,535,250
30,669
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
9,549 $
1,732
39
104,858
5,109
45,838
9,727
11,961
1,430, 392
25,560
17.2%
15.1%
0.3%
6.8%
16.7%
Total
N
$1,800
N $1,600
0
0
-c $1,400
$1,200
$1,000
$800
$600
$400
$200
$-
$
1,644,765 $ 121,287 $
Fund 101 Expenditures
2026 Expenditures YTD
2026 Total Budget
1,523,478 7.4%
% of Year Complete
16.7%
1
Revenues and Transfers In by Category
Category 2026 Total Budget
2026 Revenues
through Februar
Hotel/Motel Tax
Investment Earnings
Total
$800
$600
$400
$200
$-
1,000,000 $
47,750
1,047,750 $
Fund 101 Revenues
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
99,429 $
21,049
120,478 $
2026 Revenues YTD 2026 Total Budget
(900, 571)
(26,701)
(927,272)
9.9%
44.1%
11.5%
% of Year Complete
16.7%
48 City of Tukwila Monthly Finance Report 13
Fund 101 Hotel/Motel Special Revenue Fund
Year -to -Year Expenditures & Transfers Out by Category
Category
2024 Expenses
through February
2025 Expenses
through February
2026 Expenses
through February
2026 vs 2025
$ %
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Transfers Out - Internal Cost Allocation
$
15,710 $
3,556
8,860 $
1,897
91,325 82,380
4,638 4,869
9,549 $ 689
1,732 (165)
39 39
104,858 22,478 +27.3%
5,109 240 +4.9%
+7.8%
-8.7%
Total
$ 115,229 $ 98,006 $ 121,287 $ 23,281 +23.8%
Fund 101 Hotel/Motel Special Revenue Fund
Year -to -Year Revenues and Transfers In by Category
Mi.
Category
Hotel/Motel Tax
Investment Earnings
2024 Revenues
through February
$
2025 Revenues
through February
114,607 $
23,663
2026 Revenues
through February
101,907 $
22,593
2026 vs 2025
$ %
99,429 $ (2,478)
21,049 (1,544)
-2.4%
-6.8%
Total
Expenditures and Transfers Out
Revenues and Transfers In
$ 138,270 $ 124,500 $ 120,478 $ (4,022) -3.2%
Fund 101 Prior Year Comparisons YTD
a
■
$-
$20 $40 $60 $80 $100 $120 $140 $160
Thousands
■ 2024
2025
■ 2026
City of Tukwila Monthly Finance Report
14 49
Fund 102 King County Parks Levy Special Revenue Fund
Overview
2026 through
February
Revenues
Transfers In
Expenditures
$
2026 Total Budget
Budget Variance
% of Annual Budget
297,220
49,518
198,072
0.0%
0.0%
0.0%
Net Revenues Less Expenditures $
$ 148,666
% of Year Complete
16.7%
50 City of Tukwila Monthly Finance Report 15
Fund 102 King County Parks Levy Special Revenue Fund
Expenditures and Transfers Out by Category
Category
2026 Total Budget
2026 Expenses
through February
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Salaries, Wages, & Overtime
Benefits
Services
$
136,080 $
59,992
2,000
136,080
59,992
2,000
0%
0%
0.0%
Total
$250
-o
S $200
0
r
H
$150
$100
$50
$-
198,072 $
Fund 102 Expenditures
2026 Expenditures YTD
$ 198,072
2026 Total Budget
0.0%
% of Year Complete
16.7%
Revenues and Transfers In by Category
Category
2026 Total Budget
2026 Revenues
through February
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Utility Taxes
Transfer In From Fund 301
297,220 $
49,518
(297,220)
(49,518)
0.0%
0.0%
Total
Thousands
$400
$350
$300
$250
$200
$150
$100
$50
$-
$ 346,738 $
Fund 102 Revenues
2026 Revenues YTD
2026 Total Budget
(346,738)
0.0%
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report
16 51
Fund 103 Residential Street Fund
Overview
2026 through
February
Revenues
Expenditures
2026 Total Budget
Budget Variance
of Annual Budget
60,288 $
52,326
4,869,000
4,953,000
1.2%
Net Revenues Less Expenditures $
7,962 $ (84,000)
% of Year Complete
16.7%
52 City of Tukwila Monthly Finance Report 17
Fund 103 Residential Street Fund
Expenditures and Transfers Out by Category
Category 2026 Total Budget
2026 Expenses
through February
Supplies
Services
$
- $
4,953,000
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
49,359 $
2,966
(49,359)
4,950,034
0.1 %
Total
y $6,000
D
c
N
o $5,000
-c
H
$4,000
$3,000
$2,000
$1,000
$-
$ 4,953,000 $ 52,325 $ 4,900,675
Fund 103 Expenditures
2026 Expenditures YTD
2026 Total Budget
% of Year Complete
16.7%
Revenues and Transfers In by Category
Category 2026 Total Budget
2026 Revenues
through Februa
Utility Taxes
Grant Revenues
State Entitlements
Investment Earnings
Total
u $6,000
a
2 $5,000
$4,000
$3,000
$2,000
$1,000
$-
$
100,000 $
4,463,000
280,000
26,000
4,869,000 $
Fund 103 Revenues
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
(100,000)
(4,463,000)
48,081 (231,919)
12,207 (13,793)
60,288 $ (4,808,712)
2026 Revenues YTD 2026 Total Budget
0.0%
0.0%
17.2%
47.0%
1.2%
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report
18 53
Fund 103 Residential Street Fund
Year -to -Year Expenditures & Transfers Out by Category
Category
2024 Expenses
through February
2025 Expenses
through February
2026 Expenses
through February
2026 vs 2025
$ %
Salaries, Wages, & Overtime
Benefits
Supplies
Services
$
$
687 $
396
60
27,211 $
49,359 49,359
13,601 $ 2,966 $
(10,635) -78.2%
Total
$ 28,354 $ 13,601 $ 52,325 $ 38,724 +284.7%
Fund 103 Residential Street Fund
Year -to -Year Revenues and Transfers In by Category
Category
State Entitlements
Investment Earnings
Transfers In
2024 Revenues
through February
$
2025 Revenues
through February
2026 Revenues
through February
41,050 $ 41,253 $
8,913 9,819
2026 vs 2025
$ %
48,081 $ 6,828
12,207
2,388
+16.6%
+24.3%
Total
Expenditures and Transfers Out
Revenues and Transfers In
$
49,963 $ 51,072 $
Fund 103 Prior Year Comparisons YTD
L i
60,288 $ 9,216 +18.0%
$-
$10 $20 $30 $40 $50 $60 $70
Thousands
■ 2024
2025
■ 2026
54 City of Tukwila Monthly Finance Report 19
Fund 104 Arterial Street Fund
Overview
2026 through
February
Revenues
Expenditures
$
2026 Total Budget
Budget Variance
% of Annual Budget
561,625 $
688,822
11, 042, 000
10,537,131
5.1%
6.5%
Net Revenues Less Expenditures $ (127,197) $ 504,869
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report
20 55
Fund 104 Arterial Street Fund
Expenditures and Transfers Out by Category
Category 2026 Total Budget
2026 Expenses
through February
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Land, Structures, Machinery, Equipment
$
903,125 $
322,056
19,250
9,292,700
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
113,663 $
36,750
135,265
403,144
789,462
285,306
19,250
9,157,435
(403,144)
Total
$12,000
$10,000
0
r
1- $8,000
$6,000
$4,000
$2,000
$-
$ 10,537,131 $ 688,822 $ 9,848,309 6.5%
Fund 104 Expenditures
2026 Expenditures YTD
•
2026 Total Budget
% of Year Complete
16.7%
Revenues and Transfers In by Category
Category 2026 Total Budget
2026 Revenues
through February
Utility Taxes
Parking Tax
Real Estate Excise Tax (REET)
Franchise Fees
Grant Revenues
State Entitlements
General Government Revenue
Traffic Impact Fees
Fines and Penalties
Other Income
$
1,400,000 $
800,000
500,000
450,000
7,402,000
135,000
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
286,417 $
158,845
105,822
58,235
(1,113,583)
(641,155)
(394,178)
(391,765)
(7,402,000)
22,626 (112,374)
20.5%
19.9%
21.2%
12.9%
0.0%
16.8%
200,000 (106,529) (306,529) -53.3%
2,000 1,212 (788) 60.6%
80,000 (29,450) (109,450) -36.8%
Investment Earnings 73,000 64,447 (8,553) 88.3%
Total $ 11,042,000 $ 561,625 $ (10,480,375) 5.1%
w $12,000
-o
$10,000
0
t
H
$8,000
$6,000
$4,000
$2,000
$-
Fund 104 Revenues
2026 Revenues YTD
2026 Total Budget
% of Year Complete
16.7%
56 City of Tukwila Monthly Finance Report
21
Fund 104 Arterial Street Fund
Year -to -Year Expenditures & Transfers Out by Category
Category
2024 Expenses 2025 Expenses
through February through February
2026 Expenses
through February
2026 vs 2025
$ %
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Land, Structures, Machinery, Equipment
$
78,695 $
28,079
734
117,193
224,270
109,034 $
38,134
478
94,433
91,122
113,663 $
36,750
135,265
403,144
4,629
(1,384)
(478)
40,832
312,022
+4.2%
-3.6%
-100.0%
+43.2%
+342.4%
Total
$
448,971 $ 333,201 $
688,822 $ 355,621 +106.7%
Fund 104 Arterial Street Fund
Year -to -Year Revenues and Transfers In by Category
Category
Utility Taxes
Parking Tax
Real Estate Excise Tax (REET)
Franchise Fees
Grant Revenues
State Entitlements
General Government Revenue
Traffic Impact Fees
Fines and Penalties
Other Income
Investment Earnings
2024 Revenues
through February
$
2025 Revenues
through February
2026 Revenues
through February
17,540 $ 258,226 $
182,251 143,278
165,000 118,624
18,520 81,783
235,616 314,712
19,318 19,413
135
5,292 60,623
825 562
13,300 60,100
48,566 45,376
2026 vs 2025
$
286,417 $ 28,191 +11%
158,845 15,567 +10.9%
105,822 (12,802) -10.8%
58,235 (23,548) -28.8%
(314,712) -100.0%
22,626 3,213 +16.6%
(135)-100.0%
(106,529) (167,152) -275.7%
1,212 650 +115.7%
(29,450) (89,550) -149.0%
64,447 19,071 +42.0%
Total
Expenditures and Transfers Out
Revenues and Transfers In
$
706,228 $ 1,102,832 $
Fund 104 Prior Year Comparisons YTD
In_
AM
561,625 $ (541,207) -49.1%
$-
$200 $400 $600 $800 $1,000 $1,200
Thousands
■ 2024
2025
■ 2026
City of Tukwila Monthly Finance Report
22 57
Fund 109 Drug Seizure Fund
Overview
2026 through
February
Revenues
Expenditures
$
2026 Total Budget
Budget Variance
of Annual Budget
20,005 $
455
98,100
73,000
20.4%
0.6%
Net Revenues Less Expenditures $ 19,550 $ 25,100
% of Year Complete
16.7%
58 City of Tukwila Monthly Finance Report 23
Fund 109 Drug Seizure Fund
Expenditures and Transfers Out by Category
Category 2026 Total Budget
2026 Expenses
through February
Supplies
Services
$
36,000 $
37,000
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
455 $
35,545
37,000
1.3%
0.0%
Total
0 $80
-o
c
y $70
0
0
t
1- $60
$50
$40
$30
$20
$10
$-
$ 73,000 $
Fund 109 Expenditures
2026 Expenditures YTD
455 $ 72,545
2026 Total Budget
0.6%
% of Year Complete
16.7%
Revenues and Transfers In by Category
Category 2026 Total Budget
2026 Revenues
through Februar
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
Intergovernmental
Other Income
Investment Earnings
Total
$80
$60
$40
$20
$-
$
35,000 $
60,000
3,100
98,100 $
Fund 109 Revenues
20,005 $
20,005 $
2026 Revenues YTD 2026 Total Budget
(14,995)
(60,000)
(3,100)
(78,095)
57.2%
0.0%
0.0%
20.4%
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report
24 59
Fund 109 Drug Seizure Fund
Year -to -Year Expenditures & Transfers Out by Category
2024 Expenses
through February
2025 Expenses
through February
2026 Expenses
throu . h February
2026 vs 2025
Supplies $
388 $ 31,532 $
455 $
(31,077)
-98.6%
Total
$ 17,388 $
31,532 $
455 $ (31,077) -98.6%
Fund 109 Drug Seizure Fund
Year -to -Year Revenues and Transfers In by Category
Mmia
2024 Revenues
through February
Total $
Expenditures and Transfers Out
Revenues and Transfers In
ft
2025 Revenues
through February
2026 Revenues
through February
Fund 109 Prior Year Comparisons YTD
i
5
94
2026 vs 2025
20,005 $ 20,005
10 15 20 25 30 35
Thousands
■ 2024
2025
• 2026
60 City of Tukwila Monthly Finance Report 25
Fund 301 Land Acq., Rec. & Park Development
Overview
2026 through
February
Revenues
Expenditures
Transfers Out
2026 Total Budget
Budget Variance
% of Annual Budget
93,896 $
171,381
5,447,500
6,663,000
49,518
1.7%
2.6%
0.0%
Net Revenues Less Expenditures $ (77,485) $ (1,265,018)
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report
26 61
Fund 301 Land Acq., Rec. & Park Development
Expenditures and Transfers Out by Category
Category 2026 Total Budget
2026 Expenses
through February
Supplies
Services
Land, Structures, Machinery, Equipment
Transfers Out to Other Funds
$
335,000 $
4,425,000
1,903,000
49,518
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
29,760 $
129,898
11,723
305,240
4,295,102
1,891,277
49,518
Total
N
a
C
$8,000
y $7,000
O
O
-c
1- $6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$-
6,712,518 $ 171,381 $
Fund 301 Expenditures
2026 Expenditures YTD
2026 Total Budget
6,541,137 2.6%
% of Year Complete
16.7%
Revenues and Transfers In by Category
Category 2026 Total Budget
2026 Revenues
through Februar
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
Grant Revenues
Park Impact Fees
Investment Earnings
Total
2 $5,000
$4,000
$3,000
$2,000
$1,000
$-
5,290,000 $
100,000
57,500
5,447,500 $
Fund 301 Revenues
50,000
15,278
28,618
93,896 $
2026 Revenues YTD 2026 Total Budget
(5,240,000)
(84,722)
(28,882)
(5,353,604)
0.9%
15.3%
49.8%
1.7%
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report 27
62
Fund 301 Land Acq., Rec. & Park Development
Year -to -Year Expenditures & Transfers Out by Category
Category
2024 Expenses
through February
2025 Expenses
through February
2026 Expenses
through February
2026 vs 2025
Supplies
Services
Land, Structures, Machinery, Equipment
79,910
37,248
29,760 $
129,898
11,723
29,760
92,650
11,723
+248.7%
Total
79,910 $ 37,248 $
171,381 $ 134,133 +360.1%
Fund 301 Land Acq., Rec. & Park Development
Year -to -Year Revenues and Transfers In by Category
Category
Grant Revenues
Park Impact Fees
Investment Earnings
Transfers In
2024 Revenues
through February
2025 Revenues
through February
2026 Revenues
through February
- $ 749,810 $
3,629 9,969
36,192 25,947
2026 vs 2025
$
50,000 $ (699,810)
15,278 5,309
28,618 2,671
-93.3%
+53.3%
+10%
Total
Expenditures and Transfers Out
39,821 $ 785,726 $
Fund 301 Prior Year Comparisons YTD
93,896 $ (691,830) -88.0%
■ 2024
2025
• 2026
Revenues and Transfers In
1
$- $100 $200 $300 $400 $500 $600 $700 $800 $900
Thousands
City of Tukwila Monthly Finance Report
28 63
Fund 303 General Government Improvements
Overview
2026 through
February
Revenues
Transfers In
Expenditures
$
2026 Total Budget
Budget Variance
% of Annual Budget
1,101 $
66,670
1,000
400,000
400,000
Net Revenues Less Expenditures $ 67,771 $ 1,000
% of Year Complete
16.7%
64 City of Tukwila Monthly Finance Report 29
Fund 303 General Government Improvements
Expenditures and Transfers Out by Category
Category 2026 Total Budget
2026 Expenses
through February
Services
$
400,000
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
$
400,000
0.0%
Total
Thousands
$450
$400
$350
$300
$250
$200
$150
$100
$50
$-
400,000
Fund 303 Expenditures
2026 Expenditures YTD
2026 Total Budget
400,000
0.0%
% of Year Complete
16.7%
Revenues and Transfers Ir.ry
Category 2026 Total Budget
2026 Revenues
throu•h Februar
Investment Earnings
Transfer In From General Fund
Total
$450
-o
c
N $400
t
$350
$300
$250
$200
$150
$100
$50
$-
$
1,000 $
400,000
401,000 $
Fund 303 Revenues
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
1,101 $
66,670
67,771 $
2026 Revenues YTD 2026 Total Budget
101
(333,330)
(333,229)
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report
30 65
Fund 303 General Government Improvements
Year -to -Year Expenditures & Transfers Out by Category
Category
2024 Expenses
through February
2025 Expenses
through February
2026 Expenses
through February
2026 vs 2025
$
Total
$
$
$
0.0%
Fund 303 General Government Improvements
Year -to -Year Revenues and Transfers In by Category f"
Category
2024 Revenues
through February
2025 Revenues
through February
2026 Revenues
through February
2026 vs 2025
Investment Earnings
Transfer In From General Fund
$
3,772 $
3,238 $
1,101 $
66,670
(2,137)
66,670
-66%
Total
Expenditures and Transfers Out
Revenues and Transfers In
1
$-
$
3,772 $
3,238 $
Fund 303 Prior Year Comparisons YTD
67,771 $ 64,533 +1993.0%
$10 $20 $30 $40 $50 $60 $70 $80
Thousands
■ 2024
2025
■ 2026
66 City of Tukwila Monthly Finance Report 31
Fund 304 Fire Improvements
+Overview
2026 through
February
Revenues
Transfers Out
2026 Total Budget
Budget Variance
% of Annual Budget
9,599 $
600,000
600,000
1.6%
0.0%
Net Revenues Less Expenditures $
9,599 $
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report
32 67
Fund 304 Fire Improvements
Transfers Out
Category 2026 Total Budget
2026 Transfers Out
through February
Transfers Out to Other Funds
$
600,000 $
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
600,000
0%
Total
0 $700
D
c
2 $600
0
t
H
$500
$400
$300
$200
$100
$-
600,000 $
Fund 304 Transfers Out
2026 Expenditures YTD
2026 Total Budget
600,000
0.0%
% of Year Complete
16.7%
s and Transfers In b
Category 2026 Total Budget
2026 Revenues
through February
Fire Impact Fees
Investment Earnings
$
600,000 $
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
9,569 $
30
(590,431)
30
1.6%
Total
$700
a
c
m
y
a $600
t
H
$$00
$400
$300
$200
$100
$-
600,000 $
Fund 304 Revenues
9,599 $
2026 Revenues YTD 2026 Total Budget
(590,401)
1.6%
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report 33 68
Fund 304 Fire Improvement
Year -to -Year Expenditures & Transfers Out by Category
Category
2024 Expenses
through February
2025 Expenses
through February
2026 Expenses
through February
2026 vs 2025
$ %
Transfers Out to Other Funds
$
Total
$
$
Fund 304 Fire Improvements
Year -to -Year Revenues and Transfers In by Category
Category
Fire Impact Fees
Investment Earnings
2024 Revenues
through February
$
2025 Revenues
through February
2026 Revenues
through February
2,136 $ 11,866 $
2026 vs 2025
$ %
9,569 $
30
(2,297)
30
-19.4%
Total
Expenditures and Transfers Out
Revenues and Transfers In
$
2,136 $ 11,866 $
Fund 304 Prior Year Comparisons YTD
9,599 $
$-
(2,267) -19.1%
$2 $4 $6 $8 $10 $12 $14
Thousands
■ 2024
2025
• 2026
City of Tukwila Monthly Finance Report
34 69
Fund 305 Public Safety Plan
Overview
2026 through
February
Revenues
Transfers In
Transfers Out
$
2026 Total Budget
Budget Variance
% of Annual Budget
112,915 $
219,639
515,000
600,000
1,317,849
21.9%
0.0%
16.7%
Net Revenues Less Expenditures $ (106,724) $ (202,849)
% of Year Complete
16.7%
70 City of Tukwila Monthly Finance Report 35
Fund 305 Public Safety Plan
Expenditures and Transfers Out by Category
Category
2026 Total Budget
2026 Expenses
through February
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
Transfers Out to Other Funds
$
1,317,849 $
219,639 $
1,098,210
17%
Total
0 $1,400
a
c
2 $1,200
0
t
H
$1,000
$800
$600
$400
$200
$-
1,317,849 $
Fund 305 Expenditures
2026 Expenditures YTD
219,639 $
2026 Total Budget
1,098,210
16.7%
% of Year Complete
16.7%
Revenues and Transfers In by Category
Category
2026 Total Budget
2026 Revenues
throu•h Februar
Real Estate Excise Tax (REET)
Investment Earnings
Transfers In
Total
$800
$600
$400
$200
$-
$
500,000 $
15,000
600,000
1,115,000 $
Fund 305 Revenues
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
105,822 $
7,093
112,915 $
2026 Revenues YTD 2026 Total Budget
(394,178)
(7,907)
(600,000)
(1,002,085)
21.2%
47.3%
0%
10.1%
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report
36 71
Fund 305 Public Safety Plan
Year -to -Year Expenditures & Transfers Out by Category
Category
2024 Expenses
through February
2025 Expenses
through February
2026 Expenses
through February
2026 vs 2025
$
Transfers Out to Other Funds
$
219,639
219,639
Total
219,639 219,639
Fund 305 Public Safety Plan
Year -to -Year Revenues and Transfers In by Category
Category
2024 Revenues
through February
Real Estate Excise Tax (REET) $
Investment Earnings
2025 Revenues
through February
165,000 $
8,957
2026 Revenues
through February
118,624 $
9,105
2026 vs 2025
105,822 $
7,093
(12,802)
(2,012)
-10.8%
-22%
Total
Expenditures and Transfers Out
Revenues and Transfers In
$ 173,957 $ 127,729 $ 112,915 $ (14,814) -11.6%
Fund 305 Prior Year Comparisons YTD
$-
$50 $100 $150 $200 $250
Thousands
■ 2024
2025
• 2026
72 City of Tukwila Monthly Finance Report 37
Fund 306 City Facilities
Overview
2026 through
February
Revenues
Expenditures
$
2026 Total Budget
Budget Variance
% of Annual Budget
12,644 $
5,000
825,238
252.9%
0.0%
Net Revenues Less Expenditures $ 12,644 $ (820,238)
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report 38 73
Fund 306 City Facilities
Expenditures and Transfers Out by Category
Category
2026 Total Budget
2026 Expenses
through February
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
Services
$
825,238 $
825,238
0.0%
Total
N
a
$900
y $800
p
O
-c $700
$600
$500
$400
$300
$200
$100
$-
825,238 $
Fund 306 Expenditures
2026 Expenditures YTD
2026 Total Budget
825,238
0.0%
% of Year Complete
16.7%
Revenues and Transfers In by Category
Category
2026 Total Budget
2026 Revenues
through Februa
Investment Earnings
Total
5,000 $
5,000 $
Fund 306 Revenues
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
12,644 $
12,644 $
2026 Revenues YTD 2026 Total Budget
7,644
7,644
252.9%
252.9%
% of Year Complete
16.7%
74 City of Tukwila Monthly Finance Report
39
Fund 306 City Facilities
Year -to -Year Expenditures & Transfers Out by Category
Category
2024 Expenses
through February
2025 Expenses
through February
2026 Expenses
through February
2026 vs 2025
$ %
Services
$
22,680 $
41,262 $
- $ (41,262)
-100.0%
Total
$
22,680 $
41,262 $
- $ (41,262) -100.0%
Fund 306 City Facilities
Year -to -Year Revenues and Transfers In by Category
Category
Investment Earnings
2024 Revenues
through February
$
2025 Revenues
through February
111 $
2026 Revenues
through February
- $
2026 vs 2025
$ %
12,644 $ 12,644
Total
Expenditures and Transfers Out
$ 111 $
Fund 306 Prior Year Comparisons YTD
II
12,644 $ 12,644
2024
2025
■ 2026
Revenues and Transfers In
$- $5 $10 $15 $20 $25 $30 $35 $40 $45
Thousands
City of Tukwila Monthly Finance Report
40 75
Fund 401 Water Utility Fund
Overview
2026 through
February
Revenues
Expenditures
Transfers Out
$
2026 Total Budget
Budget Variance
of Annual Budget
1,354,678 $
1,327,712
196,778
10,254,836
9,842,428
1,180,665
13.2%
13.5%
16.7%
Net Revenues Less Expenditures $ (169,812) $ (768,257)
% of Year Complete
16.7%
76 City of Tukwila Monthly Finance Report 41
Fund 401 Water Utility Fund
Expenditures and Transfers Out by Category
Category
2026 Total Budget
2026 Expenses
through February
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Land, Structures, Machinery, Equipment
Other Expenditures
Transfers Out - Internal Cost Allocation
Transfers Out - Debt Service
$
1,072,892 $
433,831
3,178,660
3,741,847
1,200,000
215,198
857,044
323,621
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
148,469 $
55,788
750,494
372,961
142,844
53,934
924,423
378,043
2,428,166
3,368,886
1,200,000
215,198
714,200
269,687
14%
13%
23.6%
10.0%
0%
0.0%
17%
17%
Total
$12,000
•o
m
S, $10,000
0
t
H
$8,000
$6,000
$4,000
$2,000
$-
$ 11,023,093 $ 1,524,490 $ 9,498,603
Fund 401 Expenditures and Transfers Out
2026 Expenditures YTD
2026 Total Budget
13.8%
% of Year Complete
16.7%
Revenues and Transfers In by Category
Category
2026 Total Budget
2026 Revenues
through February
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Water Sales
Other Income
Investment Earnings
Total
$12,000
a
c
m
2 $10,000
0
t-
$8,000
$6,000
$4,000
$2,000
$-
$ 10,153,336 $
1,500
100,000
$ 10,254,836 $
Fund 401 Revenues
1,329,220 $
7,802
17,394
1,354,678 $
2026 Revenues YTD 2026 Total Budget
(8,824,116)
6,302
(82,606)
(8,900,158)
13.1%
520.1%
17.4%
13.2%
of Year Complete
16.7%
City of Tukwila Monthly Finance Report
42 77
Fund 401 Water Utility Fund
Year -to -Year Expenditures & Transfers Out by Category
Category
2024 Expenses
through February
2025 Expenses
through February
2026 Expenses
through February
2026 vs 2025
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Transfers Out - Internal Cost Allocation
Transfers Out - Debt Service
110,374 $
57,338
691,359
307,738
129,564
146,126 $
63,850
732,692
347,376
136,042
148,469 $ 2,343
55,788 (8,062)
750,494 17,802
372,961 25,585
142,844 6,802
53,934 53,934
+ 5%
Total
$ 1,352,438 $ 1,426,086 $ 1,524,490 $ 98,404 +6.9%
Fund 401 Water Utility Fund
Year -to -Year Revenues and Transfers In by Category
Category
2024 Revenues
through February
2025 Revenues
through February
Water Sales $ 1,150,782 $ 1,233,480
Security Revenue 2,526 1,061
Other Income 1,631 6,286
Investment Earnings 23,229 10,560
Bond Proceeds
2026 Revenues
through February
1,329,220 $
262
7,802
17,394
2026 vs 2025
95,740
(799)
1,516
6,834
+ 8%
-75.3%
+24.1 %
+65%
Total
Expenditures and Transfers Out
Revenues and Transfers In
$ 1,178,168 $ 1,251,387 $ 1,354,678 $ 103,291 +8.3%
Fund 401 Prior Year Comparisons YTD
$- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800
Thousands
■ 2024
2025
• 2026
78 City of Tukwila Monthly Finance Report 43
Fund 402 Sewer Utility Fund
Overview
1
_EM
Revenues
Expenditures
Transfers Out
$
2026 through
February
2026 Total Budget
Budget Variance
% of Annual Budget
1,876,248 $
1,592,031
150,477
13,101,957
15,014,171
902,896
14.3%
10.6%
16.7%
Net Revenues Less Expenditures $ 133,740 $ (2,815,110)
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report 44 79
Category 2026 Total Budget
2026 Expenses
through February
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Other Expenditures
Transfers Out - Internal Cost Allocation
Transfers Out - Debt Service
$
808,921
336,137
6,566,705
7,148,149
154,259
722,049
180,847
$
134,905 $
51,375
1,027,776
377,975
120,339
30,138
674,016
284,762
5,538,929
6,770,174
154,259
601,710
150,709
17%
15%
15.7%
5.3%
0%
17%
17%
Total
(/)
$18,000
y $16,000
z
$14,000
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
$-
$ 15,917,067 $ 1,742,508 $ 14,174,559 10.9%
Fund 402 Expenditures and Transfers Out
2026 Expenditures YTD
2026 Total Budget
% of Year Complete
16.7%
Category 2026 Total Budget
2026 Revenues
through February
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
Sewer Sales
Other Income
Investment Earnings
Total
Thousands
$14,000
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
$-
$
12,701,957 $
1,808,600 $
159
400,000 67,488
$ 13,101,957 $ 1,876,247 $
Fund 402 Revenues
2026 Revenues YTD 2026 Total Budget
(10,893,357)
159
(332,512)
(11,225,710)
14.2%
16.9%
14.3%
% of Year Complete
16.7%
80 City of Tukwila Monthly Finance Report
45
Year -to -Year xpen i
Category
2024 Expenses 2025 Expenses
through February through February
2026 Expenses
through February
2026 vs 2025
$ %
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Transfers Out - Internal Cost Allocation
Transfers Out - Debt Service
$
168,068 $
75,044
874,265
318,889
109,150
135,331
57,225
953,155
353,025
114,606
$
134,905 $ (426)
51,375 (5,850)
1,027,776 74,621
377,975 24,950
120,339 5,733
30,138 30,138
+5%
Total
$ 1,545,416 $ 1,830,425 $ 1,742,508 $ (87,917) -4.8%
Mir
Fund 402 Sewer Utility Fund
Year -to -Year Revenues and Transfers In b
EOM
2024 Revenues
through February
2025 Revenues
through February
Sewer Sales $ 1,688,687 $
Other Income 1,642
Investment Earnings 78,611
2026 Revenues
through February
1,804,763 $
796
42,190
2026 vs 2025
$
1,808,600 $ 3,837
159 (637)
67,488 25,298
+0%
-80.0%
+60.0%
Total
Expenditures and Transfers Out
$ 1,768,940 $ 1,847,749 $ 1,876,247 $ 28,498 +1.5%
Fund 402 Prior Year Comparisons YTD
N
1!
■ 2024
2025
■ 2026
Revenues and Transfers In
=IF
$- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000
Thousands
City of Tukwila Monthly Finance Report
46 81
Fund 411 Foster Golf Course
Overview
2026 through
February
Revenues
Transfers In
Expenditures
Transfers Out
$
2026 Total Budget
Budget Variance
% of Annual Budget
164,809 $
50,000
333,617
42,317
2,487,500
300,000
3,033,955
253,877
6.6%
16.7%
11.0%
16.7%
Net Revenues Less Expenditures $ (161,125) $ (500,332)
% of Year Complete
16.7%
82 City of Tukwila Monthly Finance Report 47
Fund 411 Foster Golf Course
Expenditures and Transfers Out by Category
Category
2026 Total Budget
2026 Expenses
through February
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Land, Structures, Machinery, Equipment
Transfers Out - Internal Cost Allocation
$
1,120,276 $
417,826
378,155
392,698
725,000
253,877
161,428 $
61,639
22,575
87,975
42,317
958,848
356,187
355,580
304,723
725,000
211,560
14%
15%
6.0%
22.4%
0%
17%
Total
Thousands
$3,500
$3,000
$2,500
$2,000
$1,500
$1,000
$500
$-
3,287,832 $ 375,934 $
Fund 411 Expenditures and Transfers Out
2026 Expenditures YTD
2026 Total Budget
2,911,898 11.4%
% of Year Complete
16.7%
Revenues and Transfers In by Category
Category
2026 Total Budget
2026 Revenues
through February
Gambling & Excise Taxes
Greens Fees
General Government Revenue
Culture and Recreation Fees
Other Income
Investment Earnings
Rent & Concessions
$
3,000 $
1,610,000
165,000
5,000
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
(3,000)
(1,491,844)
(153,230)
547 (4,453)
0.0%
7.3%
7.1 %
10.9%
11,000 319 (10,681) 2.9%
60,000 16,025 (43,975) 26.7%
633,500 17,992 (615,508) 2.8%
Transfer In From General Fund 300,000 50,000 (250,000) 17%
Total $ 2,787,500 $ 214,809 $ (2,572,691) 7.7%
N $3,000
a
c
$2,500
t
$2,000
$1,500
$1,000
$500
5-
Fund 411 Revenues and Transfers In
2026 Revenues YTD 2026 Total Budget
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report
48 83
Fund 411 Foster Golf Course
Year -to -Year Expenditures & Transfers Out by Category
Category
2024 Expenses 2025 Expenses
through February through February
2026 Expenses
through February
2026 vs 2025
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Transfers Out - Internal Cost Allocation
138,715 $
62,315
47,941
198,041
38,374
156,670 $
64,556
24,275
67,996
40,298
161,428 $ 4,758
61,639 (2,917)
22,575 (1,700)
87,975 19,979
42,317 2,019
+3.0%
-4.5%
-7.0%
+29.4%
+5%
Total
$ 534,627 $ 353,795 $ 375,934 $ 22,139 +6.3%
Fund 411 Foster Golf Course
Year -to -Year Revenues and Transfers In by Category
Category
2024 Revenues
through February
2025 Revenues
through February
2026 Revenues
through February
2026 vs 2025
Greens Fees
General Government Revenue
Culture and Recreation Fees
Other Income
Investment Earnings
Rent & Concessions
Sale of Capital Assets
Transfer In From General Fund
$
79,170 $ 65,622 $
8,473 24,282
215
973 13,369
15,548 9,809
22,135 19,144
4,000
118,156 $ 52,534
11,770 (12,512)
547 332
319 (13,050)
16,025 6,216 +63%
17,992 (1,152) -6%
50,000 50,000
+80.1 %
-51.5%
+154.4%
-98%
Total
Expenditures and Transfers Out
Revenues and Transfers In
$ 130,299 $ 132,441 $ 214,809 $ 82,368 +62.2%
Fund 411 Prior Year Comparisons YTD
$- $100
$200 $300 $400 $500 $600
Thousands
■ 2024
2025
■ 2026
84 City of Tukwila Monthly Finance Report 49
Fund 412 Surface Water Utility Fund
Overview
2026 through
February
Revenues
Expenditures
Transfers Out
$
2026 Total Budget
Budget Variance
of Annual Budget
64,780 $
585,697
201,871
14,978,410
15, 876, 895
1,211,208
0.4%
3.7%
16.7%
Net Revenues Less Expenditures $ (722,788) $ (2,109,693)
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report
50 85
Fund 412 Surface Water Utility Fund
Expenditures and Transfers Out by Category
Category
2026 Total Budget
2026 Expenses
through February
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Other Expenditures
Transfers Out - Internal Cost Allocation
Transfers Out - Debt Service
$
2,190,135 $
871,327
74,965
12,718,860
21,608
763,850
447,358
267,872
96,348
11,384
210,093
127,310
74,561
1,922,263
774,979
63,581
12,508,767
21,608
636,540
372,797
Total
$18,000
y $16,000
z
$14,000
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
$-
$ 17,088,103 $ 787,568 $ 16,300,535 4.6%
Fund 412 Expenditures and Transfers Out
2026 Expenditures YTD
2026 Total Budget
% of Year Complete
16.7%
Revenues and Transfers In by Category
Category
2026 Total Budget
2026 Revenues
rough February
Surface Water Sales
Grant Revenues
Other Income
Investment Earnings
Total
Thousands
$16,000
$14,000
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
$-
$ 8,868,410 $
2,965,000
2,845,000
300,000
$ 14,978,410 $
Fund 412 Revenues
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
(8,868,410)
(2,965,000)
1,565 (2,843,435)
63,215 (236,785)
64,780 $ (14,913,630)
2026 Revenues YTD 2026 Total Budget
0.0%
0.0%
0.1%
21.1%
0.4%
% of Year Complete
16.7%
86 City of Tukwila Monthly Finance Report
51
Fund 412 Surface Water Utility Fund
Year -to -Year Expenditures & Transfers Out by Category
Category
2024 Expenses
through February
2025 Expenses
through February
2026 Expenses
through February
2026 vs 2025
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Land, Structures, Machinery, Equipment
Transfers Out - Internal Cost Allocation
Transfers Out - Debt Service
225,335 $
101,192
7,692
168,148
115,474
257,503 $
105,682
4,516
209,140
108,298
121,246
267,872 $ 10,369
96,348 (9,334)
11,384 6,868
210,093 953
(108,298)
127,310 6,064
74,561 74,561
+4.0%
-8.8%
+152.1 %
+0.5%
-100.0%
+5%
Total
617,841 $
806,385 $
787,568 $ (18,817)
-2.3%
Fund 412 Surface Water Utility Fund
Year -to -Year Revenues and Transfers In by Category
Category
2024 Revenues
through February
2025 Revenues 2026 Revenues
through February through February
2026 vs 2025
Grant Revenues
Other Income
Investment Earnings
- $
719,811
86,254
172,760 $
157,757
61,175
- $ (172,760)
1,565 (156,192)
63,215 2,040
-100.0%
-99.0%
+3%
Total
Expenditures and Transfers Out
Revenues and Transfers In
$
806,065 $ 391,692 $
Fund 412 Prior Year Comparisons YTD
64,780 $ (326,912) -83.5%
■
$- $100 $200 $300 $400 $500 $600 $700 $800 $900
Thousands
■ 2024
■ 2025
• 2026
City of Tukwila Monthly Finance Report
52 87
Fund 501 Equipment Rental
Overview
2026 through
February
Revenues
Expenditures
Transfers Out
$
2026 Total Budget
Budget Variance
% of Annual Budget
973,362 $
567,142
67,603
6,093,106
4,541,184
405,623
16.0%
12.5%
16.7%
Net Revenues Less Expenditures $ 338,617 $ 1,146,299
% of Year Complete
16.7%
88 City of Tukwila Monthly Finance Report 53
Fund 501 Equipment Rental
Expenditures and Transfers Out by Category
Category 2026 Total Budget
2026 Expenses
through February
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Land, Structures, Machinery, Equipment
Transfers Out - Internal Cost Allocation
$
541,485 $
245,102
803,150
1,893,447
1,058,000
405,623
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
70,623 $
31,363
68,042
291,974
105,140
67,603
470,862
213,739
735,108
1,601,473
952,860
338,020
13%
13%
8.5%
15.4%
10%
17%
Total
4,946,807 $ 634,745 $
Fund 501 Expenditures and Transfers Out
y $6,000
u
c
o $5,000
L
$4,000
$3,000
$2,000
$1,000
$-
2026 Expenditures YTD
1
2026 Total Budget
4,312,062 12.8%
% of Year Complete
16.7%
Revenues and Transfers In by Category
Category 2026 Total Budget
2026 Revenues
through Februa
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
Fleet Replacement Charges
Fleet Lease Charges
Fleet Repair Charges
Other Income
Investment Earnings
Sale of Capital Assets
Total
$7,000
173
$6,000
0
~ $5,000
$4,000
$3,000
$2,000
$1,000
$-
$
2,373,892
3,317,114
200,000
2,100
40,000
160,000
6,093,106 $
$
Fund 501 Revenues
395,662 $
544,371
(1,978,230)
(2,772,743)
(200,000)
(2,100)
16.7%
16.4%
0.0%
0.0%
15,983 (24,017) 40.0%
17,346 (142,654) 10.8%
973,362 $ (5,119,744) 16.0%
2026 Revenues YTD 2026 Total Budget
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report
54 89
Fund 501 Equipment Rental
Year -to -Year Expenditures & Transfers Out by Category
Category
2024 Expenses 2025 Expenses
through February through February
2026 Expenses
through February
2026 vs 2025
$ %
Salaries, Wages, & Overtime
Benefits
Supplies
Services
Land, Structures, Machinery, Equipment
Transfers Out - Internal Cost Allocation
$
58,477
31,228
123,549
283,364
130,319
61,322
$
84,129 $
38,825
103,822
148,473
64,388
70,623 $ (13,506)
31,363 (7,462)
68,042 (35,780)
291,974 143,501
105,140 105,140
67,603 3,215
-16.1%
-19.2%
-34.5%
+96.7%
+5%
Total
$
688,259 $ 439,637 $
634,745 $ 195,108 +44.4%
Fund 501 Equipment Rental
Year -to -Year Revenues and Transfers In by Category
Categ.
2024 Revenues
through February
2025 Revenues 2026 Revenues
through February through February
2026 vs 2025
$ %
Fleet Replacement Charges
Fleet Lease Charges
Other Income
Investment Earnings
Sale of Capital Assets
$
206,788 $
33,164
10,853
382,373 $
2,406
11,942
53,969
395,662 $ 13,289
544,371 544,371 -
- (2,406) -100.0%
15,983 4,041 +34%
17,346 (36,623) -68%
+3%
Total
Expenditures and Transfers Out
Revenues and Transfers In
$
M.
257,008 $ 467,604 $
Fund 501 Prior Year Comparisons YTD
973,362 $ 505,758 +108.2%
$-
$200 $400 $600 $800 $1,000 $1,200
Thousands
■ 2024
2025
■ 2026
90 City of Tukwila Monthly Finance Report 55
Fund 502 Insurance - Active Employees
Overview
2026 through
February
Revenues
Expenditures
Transfers Out
$
2026 Total Budget
Budget Variance
% of Annual Budget
1,195,133 $
915,814
36,591
8,346,309
6,812,349
219,531
14.3%
13.4%
16.7%
Net Revenues Less Expenditures $ 242,728 $ 1,314,429
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report
56 91
Fund 502 Insurance - Active Employees
Expenditures and Transfers Out by Category
Category 2026 Total Budget
2026 Expenses
through February
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
$
4,272,660
429,838
1,205,109
22,507
161,235
600,000
100,000
18,000
219,531
$
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
570,279 $
78,830
158,159
7,625
(129,863)
41,839
187,752
1,193
36,591
3,702,381
351,008
1,046,950
14,882
129,863
119,396
412,248
98,807
18,000
182,940
13%
18%
13.1%
33.9%
26%
31%
1%
0%
17%
Total
Thousands
$8,000
$7,000
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$-
7,028,880 $ 952,405 $
Fund 502 Expenditures and Transfers Out
2026 Expenditures YTD
2026 Total Budget
6,076,475 13.5%
% of Year Complete
16.7%
Revenues and Transfers In by Category
Category 2026 Total Budget
2026 Revenues
through February
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
Employer Trust Contributions
Employee Voluntary Contributions
Employee Mandatory Contributions
Investment Earnings
Total
c
t0
0
$9,000
$8,000
$7,000
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$-
$
7,919,276 $
379,533
47,500
8,346,309 $
Fund 502 Revenues
1,088,537 $
14,549
56,474
35,573
1,195,133 $
2026 Revenues YTD 2026 Total Budget
(6,830,739)
14,549
(323,059)
(11,927)
(7,151,176)
13.7%
14.9%
74.9%
14.3%
% of Year Complete
16.7%
92 City of Tukwila Monthly Finance Report
57
Fund 502 Insurance - Active Employees
Year -to -Year Expenditures & Transfers Out by Category
J ..M
2024 Expenses
through February
2025 Expenses
through February
2026 Expenses
through February
2026 vs 2025
$ %
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
$
622,608 $
59,154
153,024
4,265
(105,713)
24,985
67,116
14,149
132
33,191
438,671 $
18,174
107,511
6,220
(82,417)
39,809
143,996
14,277
4,945
34,847
570,279 $ 131,608
78,830 60,656
158,159 50,648
7,625 1,405
(129,863) (47,446)
41,839 2,030
187,752 43,756
1,193 (13,084)
(4,945)
36,591 1,744
+30.0%
+333.8%
+47.1%
+22.6%
+57.6%
+5.1%
+30.4%
-92%
-100%
+5%
Total
$
872,911 $ 726,033 $
952,405 $ 226,372 +31.2%
'W
is
Fund 502 Insurance - Active Employees
Year -to -Year Revenues and Transfers In by Category
2024 Revenues
through February
2025 Revenues
through February
Employer Trust Contributions $ 1,037,879 $ 1,084,871
Employee Voluntary Contributions 4,095 8,602
Employee Mandatory Contributions 13,867 54,579
Investment Earnings 35,683 31,387
2026 Revenues
through February
$
2026 vs 2025
$ %
1,088,537 $
14,549
56,474
35,573
3,666
5,947
1,895
4,186
Total
Expenditures and Transfers Out
Revenues and Transfers In
$ 1,091,524 $ 1,179,439 $ 1,195,133 $ 15,694 +1.3%
Fund 502 Prior Year Comparisons YTD
$- $200 $400 $600 $800 $1,000 $1,200 $1,400
Thousands
■ 2024
2025
■ 2026
City of Tukwila Monthly Finance Report
58 93
Fund 503 Insurance - LEOFF I Retirees
Overview
2026 through
February
Revenues
Expenditures
Transfers Out
$
2026 Total Budget
Budget Variance
% of Annual Budget
68,032 $
41,359
2,435
474,514
585,268
14,635
14.3%
7.1%
16.6%
Net Revenues Less Expenditures $ 24,238 $ (125,389)
of Year Complete
16.7%
94 City of Tukwila Monthly Finance Report 59
Fund 503 Insurance - LEOFF I Retirees
Expenditures and Transfers Out by Category
Category
2026 Total Budget
2026 Expenses
through February
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
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
$
156,000 $
45,000
176,430
4,596 519
13,116 3,649
25,126 7,363
85,000 12,191
15,000
60,000
5,000
14,635
5,472 $
150,528
8,723 36,277
176,430
4,077
9,467
17,763
72,809
15,000
3,442 56,558
5,000
2,435 12,200
4%
19%
0.0%
11.3%
28%
29%
14%
0%
6%
0%
17%
Total $ 599,903 $ 43,794 $ 556,109 7.3%
0 $700
-c
$600
0
0
t
1- $500
$400
$300
$200
$100
$-
Fund 503 Expenditures and Transfers Out
2026 Expenditures YTD
2026 Total Budget
% of Year Complete
16.7%
Revenues and Transfers In by Category
Category
2026 Total Budget
2026 Revenues
through Februa
Budget Variance Budget Variance
(Unfavorable) / Favorable % of Annual Budget
Employer Trust Contributions
Investment Earnings
Total
Thousands
$500
$450
$400
$350
$300
$250
$200
$150
$100
$50
$-
$
474,000 $
514
474,514 $
Fund 503 Revenues
65,478 $
2,554
68,032 $
2026 Revenues YTD 2026 Total Budget
(408,522)
2,040
(406,482)
13.8%
496.9%
14.3%
% of Year Complete
16.7%
City of Tukwila Monthly Finance Report
60 95
Fund 503 Insurance - LEOFF I Retirees
Year -to -Year Expenditures & Transfers Out by Category
Category
2024 Expenses
through February
2025 Expenses
through February
2026 Expenses
through February
2026 vs 2025
Self Insurance Medical Claims
Dental Claims
Prescription Claims
Vision Claims
TPA Admin Fees
Excess Loss Premium
Long Term Care
Transfers Out - Internal Cost Allocation
11,774 $
2,534
24,928
1,111
2,605
2,890
11,664
2,214
8,657 $
6,450
18,542
921
3,656
5,935
12,228
2,318
(3,185)
2,273
(18,542)
519 (402)
3,649 (7)
7,363 1,428
12,191 (37)
2,435 117
5,472 $
8,723
-36.8%
+35.2%
-100.0%
-43.6%
-0.2%
+24.1%
-0.3%
+5%
Total
71,970 $
58,707 $
43,794 $ (14,913) -25.4%
Fund 503 Insurance - LEOFF I Retirees
Year -to -Year Revenues and Transfers In by Category
Category
Employer Trust Contributions
Investment Earnings
2024 Revenues
through February
2025 Revenues
through February
2026 Revenues
through February
58,139 $ 68,312 $
1,004
14
2026 vs 2025
65,478 $ (2,834)
117 2,554
-4 %
2,437 +2082.9%
Total
Expenditures and Transfers Out
Revenues and Transfers In
59,143 $ 68,429 $
Fund 503 Prior Year Comparisons YTD
68,032 $ (397) -0.6%
$-
$10 $20 $30 $40 $50 $60 $70 $80
Thousands
2024
2025
■ 2026
96 City of Tukwila Monthly Finance Report 61
clearwatel
- ADVISORS
City of Tukwila
Tukwila Total Portfolio (562297)
Month End (M5 Y2026)
02/01/2026 - 02/28/2026
Dated: 03/10/2026
Locked Down
97
Table of Contents
Portfolio Dashboard (Tukwila Total Portfolio (562297))
Strategic Structure (Tukwila Total Portfolio (562297))
Executive Performance (Tukwila Total Portfolio (562297))
Policy Compliance Status (Tukwila Total Portfolio (562297))
GAAP Roll Forward (Tukwila Total Portfolio (562297))
Accrual Activity Summary (Tukwila Total Portfolio (562297))
Interest Income (Tukwila Total Portfolio (562297))
Sector Distribution (Tukwila Total Portfolio (562297))
Duration Distribution (Tukwila Total Portfolio (562297))
Holdings By Sector (Tukwila Total Portfolio (562297))
Transaction Detail (Tukwila Total Portfolio (562297))
Clearwater
— 'ADVISORS
Dated: 03/10/2026
1
2
3
4
6
7
8
9
10
11
13
98
Portfolio Dashboard
02/01/2026 - 02/28/2026
Return to Table of Contents
crate r
ADVISORS
Tukwila Total Portfolio (562297)
Dated: 03/10/2026
Balance Sheet
Book Value + Accrued
Net Unrealized Gain/Loss
Market Value + Accrued
101,366,395.55
10,702.19
101,377,097.74
Holdings by Sector
Clearwater Sector
Duration
Yield to Worst % of Base Base Market Value +
Market Value Accrued
+ Accrued
Cash 0.000
Corporate 2.162
Municipal 1.632
PDPC Bank Deposit 0.000
US Agency 0.500
US Treasury 2.894
Washington LGIP 0.000
0.000
3.973
3.573
3.345
3.695
3.486
3.742
0.191 %
3.502%
4.928%
20.769%
4.914%
7.493%
58.204%
193,513.44
3,550,315.09
4,995,424.89
21,054,859.08
4,981,629.80
7,595,989.19
59,005,366.25
Total
0.398
3.631 100.000%
101,377,097.74
Footnotes: 3,4,5
Sector Exposure
Cash (0.19%)
Corporate (3.50%)
US Agency (4.91%) ---
Municipal (4.93%)
US Treasury (7.49 % )
PDPC Bank Deposit
(20.77%)
- Washington LGIP
(58.20%)
Chart calculated by: Base Market Value +Accrued
Cash and Fixed Income Summary
Risk Metric
Cash
MMFund
Fixed Income
Duration
Convexity
WAL
Years to Final Maturity
Years to Effective Maturity
Yield
Book Yield
Avg Credit Rating
Value
21,248,372.52
59,005,366.25
21,123,358.97
0.398
0.020
0.472
0.481
0.472
3.631
3.530
AA+/Aa1 /AA+
Credit Rating Exposure
AA (0.993%)
A- (1.001%)
A+ (1.508%)
AAA (3.132%)
AA+ (14.393%)
NA (78.973%)
Chart calculated by: % of Base Market Value +Accrued
Issuer Concentration
Issuer Concentration
% of Base
Market Value +
Accrued
Washington State Treasurer
Columbia Bank
United States
Farm Credit System
US Bank
State Of Washington
Bank of Montreal
Metro Ore
Alphabet Inc.
Federal Home Loan Banks
City of Bellevue, Washington
County of King, Washington
Morgan Stanley
Amazon.com, Inc.
(CCYUSD) UNITED STATES OF AMERICA
Footnotes: 1,2,3
58.204%
17.723%
7.493%
3.922%
3.045%
1.986%
1.001%
0.993%
0.993%
0.992%
0.974%
0.974%
0.755%
0.752%
0.191%
Credit Ratin. Exposure
Ratin
AAA
AA+
AA
A+
A -
NA
% of Base Market Value + Accrued
3.132%
14.393%
0.993%
1.508%
1.001%
78.973%
100.000%
Footnotes: 3,6,7
1: * Grouped by: Issuer Concentration. 2: * Groups Sorted by: % of Base Market Value + Accrued. 3: * Weighted by: Base Market Value + Accrued. 4: * Grouped by: Clearwater Sector. 5: * Groups Sorted by: Clearwater Sector. 6: * Grouped by: Rating. 7: * Groups
Sorted by: Rating.
991
Strategic Structure
Base Currency: USD As of 02/28/2026
Return to Table of Contents
arate r
ADVISORS
Tukwila Total Portfolio (562297)
Dated: 03/10/2026
Account Base Book Value Base Market Value + Accrued Base Net Total Unrealized Gain/Loss Book Yield Duration
Tukwila 21,001,835.20 21,123,358.97 10,702.19 3.155 1.908
Tukwila Liquidity 80,253,738.77 80,253,738.77 0.00 3.629 0.000
--- 101,255,573.97 101,377,097.74 10,702.19 3.530 0.398
* Grouped by: Account. * Groups Sorted by: Account. * Weighted by: Base Market Value + Accrued, except Book Yield by Base Book Value + Accrued. * Holdings Displayed by: Position.
100
2
clearwater
ADVISORS
Executive Performance
Base Currency: USD As of 02/28/2026
Return to Table of Contents
c
m
CC
0.5%
0.4%
0.3%
0.2%
0.1%
0%
-0.1%
-0.2%
Performance Summary
Tukwila Total Portfolio (562297)
Dated: 03/10/2026
Trailing Month Quarter to Date
• Total Return, Net of Fees
Year to Date Trailing Quarter
Trailing Year Trailing 3 Years
Index Return • Excess Total Return, Net of Fees
Period Period Begin Period End Total Retum, Net of Fees Index Retum Excess Total Return, Net of
Fees
Trailing Month 02/01/2026 02/28/2026
Quarter to Date 01/01/2026 02/28/2026
Year to Date 10/01/2025 02/28/2026
Trailing Quarter 12/01/2025 02/28/2026
Trailing Year 03/01/2025 02/28/2026
Trailing 3 Years 03/01/2023 02/28/2026
0.290%
0.447% -0.157%
Account Index Index Start Date Index End Date
Tukwila Total Portfolio
Tukwila Liquidity
Tukwila
NO BENCHMARK REQUIRED
NO BENCHMARK REQUIRED ---
ICE BofA 0-3 Year US Treasury Index 10/31/2006
Net of Fees (includes management and trading).
Returns for periods greater than a year have been annualized.
No Tax Adjustment.
Note that data will not exist prior to the performance inception date of: 01/12/2026.
Reported Index Return is always Total Return.
Returns for an aggregate account are based on the weighted average of its simple accounts, unless historical retums have specifically been provided for the aggregate, in which case the provided historical returns will be used for the Account Total row. The index total or total
weighted benchmark returns for an aggregate account are also based on the weighted average of the index returns of its simple accounts.
1013
Policy Compliance Status
As of 02/28/2026
Compliance Summary
[mpliant s]gcoun
Violating Tukwila Total Portfolio
Return to Table of Contents
crate r
ADVISORS
Policy Name
City of Tukwila Policy
Tukwila Total Portfolio - City of Tukwila Policy
Violating
Category Name
Diversification Parameters
Diversification Parameters
Diversification Parameters
Diversification Parameters
Diversification Parameters
Diversification Parameters
Diversification Parameters
Diversification Parameters
Diversification Parameters
Diversification Parameters
Diversification Parameters
Diversification Parameters
Diversification Parameters
Diversification Parameters
Diversification Parameters
Diversification Parameters
Diversification Parameters
Rule Name
Status
Municipal Bond Obligations Issuer Maximum % of Holdings
Municipal Bond Obligations Maximum % of Holdings
U.S. Agency Issuer Maximum % of Holdings
U.S. Agency Obligations Maximum % of Holdings
U.S. Agency Callable Securities Maximum % of Holdings
U.S. Treasury Obligations Maximum % of Holdings
Supranational Agency Notes Issuer Maximum % of Holdings
Supranational Agency Notes Maximum % of Holdings
Supranational Issuer Limitation - Issuers Allowed (ADB, IADB, IBRD, IFC)
Municipal Bond Obligations - GO Only Outside Washington
City of Tukwila Debt Obligations
Corporate & Commercial Paper Maximum % of Holdings
PDPC Bank Deposits/Savings Issuer Maximum % of Holdings
PDPC Bank Deposits/Savings Maximum % of Holdings
PDPC Certificates of Deposit Issuer Maximum % of Holdings
PDPC Certificates of Deposit Maximum % of Holdings
Washington State LGIP
Compliant
Compliant
Compliant
Compliant
Compliant
Compliant
Compliant
Compliant
Compliant
Compliant
Compliant
Compliant
Violating
Violating
Compliant
Compliant
Compliant
Tukwila Total Portfolio (562297)
Dated: 03/10/2026
Total Rules
38
Actual Value
1.986
4.928
3.922
4.914
4.914
7.493
0.000
0.000
0
0
0.000
3.502
17.723
20.769
0.000
0.000
58.204
Compliant Rules
36
Limit Value
2
Days In Violation
5.000
30.000
35.000
100.000
25.000
100.000
5.000
10.000
0
0
15.000
25.000
10.000
20.000
10.000
25.000
100.000
0
0
0
0
0
0
0
0
0
0
0
0
20
20
0
0
0
Diversification Parameters
Corporate & Commercial Paper Foreign Issuer Maximum % of Holdings per Compliant
Country (Excl. U.S./Canada)
0.000
2.000
0
Diversification Parameters
Diversification Parameters
Portfolio Maturity Parameters
Portfolio Maturity Parameters
Portfolio Maturity Parameters
Portfolio Maturity Parameters
Portfolio Maturity Parameters
Portfolio Maturity Parameters
Security Maturity Parameters
Security Maturity Parameters
Security Maturity Parameters
Security Maturity Parameters
Security Maturity Parameters
Security Maturity Parameters
Security Maturity Parameters
Security Rating Parameters
Security Rating Parameters
Security Rating Parameters
Security Rating Parameters
Corporate & Commercial Paper Issuer Maximum % of Holdings - Rated (AA- Compliant
/Aa3/AA-) or Better
Corporate & Commercial Paper Issuer Maximum % of Holdings - Rated (A- Compliant
/A3/A-) or Better
Min Concentration of Maturities Under 30 Days Compliant
Min Concentration of Maturities Under 1 Year Compliant
Min Concentration of Maturities Under 5 Years Compliant
Min Concentration of Maturities Under 10 Years Compliant
Max WAM (Years) Compliant
Duration of Corporate Note Portfolio (Years) Compliant
U.S. Treasury Maximum Maturity At Time of Purchase (years) Compliant
U.S. Agency Maximum Maturity At Time of Purchase (years) Compliant
Supranational Agency Notes Maximum Maturity At Time of Purchase (years) Compliant
Commercial Paper Maximum Maturity At Time of Purchase (days) Compliant
Corporate Note Maximum Maturity At Time of Purchase (years) Compliant
Municipal Bond Obligations Maximum Maturity At Time of Purchase (years) Compliant
Certificates of Deposit Maximum Maturity (years) Compliant
Commercial Paper Security Ratings Minimum At Time of Purchase (A-1/P- Compliant
1/F1) 1 of 3
Corporate Security Ratings Minimum At Time of Purchase (A-/A3/A-) 1 of 3 Compliant
Supranational Agency Notes Ratings Minimum At Time of Purchase (AA- Compliant
/Aa3/AA-) 1 of 3
Municipal Security Ratings Minimum At Time of Purchase (A-/A3/A-) 1 of 3 Compliant
1.001
0.000
79.164
87.519
100.000
100.000
0.481
2.162
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0
0
0
0
3.000
2.000
10.000
25.000
90.000
100.000
2.000
3.000
10.000
10.000
10.000
270.000
5.500
0.000
5.500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0 0
102
4
Policy Compliance Status
As of 02/28/2026
Return to Table of Contents
crate r
ADVISORS
Tukwila Total Portfolio (562297)
Dated: 03/10/2026
Category Name Rule Name Status Actual Value
Security Rating Parameters Corporate Notes Single A Rating with Negative Outlook Compliant 0.000
Limit Value
0.000
Days In Violation
0
Policies: .
Rules: .
Compliance Status as of previous business day.
1035
GAAP Roll Forward
02/01/2026 - 02/28/2026 Return to Table of Contents
crate r
ADVISORS
Tukwila
Beginning Market Value 8,912,549.03
Purchases 13,015,128.53
Sales 0.00
Maturities and Redemptions -1,000,000.00
Paydowns 0.00
Net Trade Gain/Loss 0.00
Net Amortization/Accretion and Inflation Income -10.83
Change In Cash, Payables/Receivables 0.00
Change In Net Unrealized Gain/Loss 84,870.67
Ending Market Value 21,012,537.40
Ending Market Value + Accrued 21,123,358.97
* Weighted by: Ending Market Value + Accrued. * Pivoted by: Account. * Holdings Displayed by: Lot.
A
Tukwila Total Portfolio (562297)
Dated: 03/10/2026
Tukwila Liquidity
89,806,385.75
52,918.75
-9,792,167.98
0.00
0.00
0.00
0.00
186,602.25
0.00
80,253,738.77
80,253,738.77
104
6
Accrual Activity Summary
02/01/2026 - 02/28/2026
Return to Table of Contents
crate r
ADVISORS
Tukwila
Beginning Book Value 8,986,717.50
Maturities and Redemptions -1,000,000.00
Purchases 13,015,128.53
Sales 0.00
Paydowns 0.00
Change In Cash, Payables/Receivables 0.00
Net Amortization/Accretion and Inflation Income -10.83
Net Realized Gain/Loss 0.00
Ending Book Value 21,001,835.20
* Weighted by: Ending Market Value + Accrued. * Pivoted by: Account. * Holdings Displayed by: Lot.
Tukwila Total Portfolio (562297)
Dated: 03/10/2026
Tukwila Liquidity
89,806,385.75
0.00
52,918.75
-9,792,167.98
0.00
186,602.25
0.00
0.00
80,253,738.77
1057
Interest Income
02/01/2026 - 02/28/2026
Beginning Accrued Balance
Coupon Received Income
Acquired Accrued
Sold Accrued Income
Ending Accrued Balance
Interest Income
* Weighted by: Ending Market Value + Accrued. * Pivoted by: Account. * Holdings Displayed by: Lot.
Return to Table of Contents
crate r
ADVISORS
Tukwila
28,253.33
3,125.00
57,533.00
0.00
110,821.57
28,160.24
Tukwila Total Portfolio (562297)
Dated: 03/10/2026
Tukwila Liquidity
0.00
0.00
0.00
0.00
0.00
186,602.25
106
8
Sector Distribution
02/01/2026 - 02/28/2026
Return to Table of Contents
crate r
ADVISORS
Tukwila Total Portfolio (562297)
Dated: 03/10/2026
Sector Distribution
Clearwater Sector
Duration Yield to Worst Base Market Value + % of Market Current Units
Accrued Value + Accrued
Cash 0.000 0.000 193,513.44 0.191% 193,513.44
Corporate 2.162 3.973 3,550,315.09 3.502% 3,500,000.00
US Agency 0.500 3.695 4,981,629.80 4.914% 5,000,000.00
Municipal 1.632 3.573 4,995,424.89 4.928% 5,000,000.00
US Treasury 2.894 3.486 7,595,989.19 7.493% 7,500,000.00
PDPC Bank Deposit 0.000 3.345 21,054,859.08 20.769% 21,054,859.08
Washington LGIP 0.000 3.742 59,005,366.25 58.204% 59,005,366.25
Total
0.398 3.631 101,377,097.74 100.000%
101,253,738.77
Footnotes: 1,2,3
Sector Distribution
% of Base Market Value + Accrued
70%
60%
50%
40%
30%
20%
10%
0%
20.769%
3.502%
0.191%
4.928%
7:493%
4.914%
8.204%-
Cash Corporate Municipal PDPC Bank US Agency US Treasury Washington
Deposit LGIP
1: * Grouped by: Clearwater Sector. 2: * Groups Sorted by: % of Market Value + Accrued. 3: * Weighted by: Base Market Value + Accrued.
1079
Duration Distribution
02/01/2026 - 02/28/2026
Return to Table of Contents
crate r
ADVISORS
Tukwila Total Portfolio (562297)
Dated: 03/10/2026
Distribution By Duration
% of Base Market Value + Accrued
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
81.914%
4.888%
1.973%
1.492%
3.984%
0.994%
4.755%
0.00 - 0.25 0.25 - 0.50 0.50 - 0.75 0.75 - 1.00 2.00 - 3.00 3.00 - 4.00 4.00 - 5.00
108
10
Holdings By Sector
Base Currency: USD As of 02/28/2026
Return to Table of Contents
crate r
ADVISORS
Cash
Description Current Units Final Maturity
Receivable 193,513.44 02/28/2026
Receivable 193,513.44 02/28/2026
Coupon Rate Rating
0.000 AAA
Tukwila Total Portfolio (562297)
Dated: 03/10/2026
Market Price Duration Yield to Worst Base Market Value + Accrued
1.0000 0.000 0.000 193,513.44
0.000 AAA 1.0000 0.000 0.000 193,513.44
Corporate
Description Current Units Final Maturity Coupon Rate Rating Market Price Duration Yield to Worst Base Market Value + Accrued
ALPHABET INC 1,000,000.00 02/15/2031 4.100 AA 100.4806 4.431 3.991 1,006,855.69
AMAZON.COM INC 750,000.00 11/20/2030 4.100 A+ 100.5383 4.196 3.971 762,664.49
BANK OF MONTREAL 1,000,000.00 06/04/2027 4.479 A- 100.4376 0.008 4.078 1,015,076.17
MORGAN STANLEY PRIVATE BANK NA 750,000.00 02/08/2030 4.440 A+ 101.7630 0.008 3.813 765,718.74
3,500,000.00 10/18/2029 4.282 A+ 100.7573 2.162 3.973 3,550,315.09
Municipal
Description
Current Units Final Maturity
Coupon Rate Rating
Market Price
Duration Yield to Worst Base Market Value + Accrued
BELLEVUE WASH
KING COUNTY WASHINGTON
METRO ORE
WASHINGTON STATE
WASHINGTON STATE
1, 000, 000.00 12/01/2026
1, 000, 000.00 12/01/2026
1,000,000.00 06/01/2026
1,000,000.00 02/01/2030
1,000,000.00 02/01/2029
1.437 AAA 98.3989 0.744 3.586 987,581.20
1.400 AAA 98.3728 0.744 3.584 987,228.40
3.250 AAA 99.8829 0.259 3.674 1,006,954.20
3.740 AA+ 100.7158 3.624 3.544 1,007,885.02
3.660 AA+ 100.5064 2.754 3.477 1,005,776.07
5,000,000.00 11/22/2027 2.707 AAA 99.5847 1.632 3.573 4,995,424.89
PDPC Bank Deposit
Description Current Units Final Maturity Coupon Rate Rating Market Price Duration Yield to Worst Base Market Value + Accrued
Columbia Bank Deposit 17,967,541 58 02/28/2026 4.010 NA 1.0000 0.000 3.920 17,967,541.58
US Bank Deposit 3,087,317.50 02/28/2026 0.000 NA 1.0000 0.000 0.000 3,087,317.50
21,054,859.08 02/28/2026 3.422 NA
1.0000 0.000 3.345 21,054,859.08
US Agency
Description Current Units Final Maturity Coupon Rate Rating Market Price Duration Yield to Worst Base Market Value + Accrued
FEDERAL FARM CREDIT BANKS FUNDING CORP 1,000,000.00 05/26/2026 3.375 AA+ 99.8864 0.226 3.806 1,007,770.05
FEDERAL FARM CREDIT BANKS FUNDING CORP 1,000,000.00 06/15/2026 0.900 AA+ 99.1524 0.290 3.750 993,423.78
FEDERAL FARM CREDIT BANKS FUNDING CORP 2,000,000.00 11/30/2026 1.460 AA+ 98.3925 0.738 3.626 1,975,230.45
FEDERAL HOME LOAN BANKS 1,000,000.00 06/29/2027 3.590 AA+ 99.9023 0.512 3.663 1,005,205.52
5,000,000.00 11/01/2026 2.166 AA+ 99.1509 0.500 3.695 4,981,629.80
US Treasury
Description _ Current Units _ Final Maturity Coupon Rate Rating Market Price Duration Yield to Worst Base Market Value + Accrued
UNITED STATES TREASURY 1,500,000.00 01/31/2027 4.125 AA+ 100.4902 0.899 3.579 1,512,310.35
UNITED STATES TREASURY 1,500,000.00 07/15/2028 3.875 AA+ 100.9570 2.250 3.452 1,521,580.95
UNITED STATES TREASURY 1,500,000.00 01/31/2031 3.750 AA+ 101.0391 4.455 3.518 1,520,092.16
UNITED STATES TREASURY 1,500,000.00 09/30/2030 3.625 AA+ 100.5313 4.135 3.498 1,530,674.79
UNITED STATES TREASURY 1,500,000.00 01/15/2029 3.500 AA+ 100.3203 2.710 3.381 1,511,330.94
UNITED STATES TREASURY 7,500,000.00 04/21/2029 3.775 AA+ 100.6680 2.894 3.486 7,595,989.19
10d 1
Holdings By Sector
Base Currency: USD As of 02/28/2026
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crate r
ADVISORS
Washington LGIP
Tukwila Total Portfolio (562297)
Dated: 03/10/2026
Description Current Units Final Maturity Coupon Rate Rating Market Price Duration Yield to Worst Base Market Value + Accrued
Washington Local Government Investment Pool 59,005,366.25 02/28/2026 3.775 NA 1.0000 0.000 3.742 59,005,366.25
Washington Local Government Investment Pool 59,005,366.25 02/28/2026 3.775 NA 1.0000 0.000 3.742 59,005,366.25
Summary
Description
Current Units Final Maturity Coupon Rate Rating Market Price Duration Yield to Worst Base Market Value + Accrued
101,253,738.77 08/23/2026 3.581 AA+
21.6424 0.398 3.631 101,377,097.74
* Grouped by: Clearwater Sector. * Groups Sorted by: Clearwater Sector. * Weighted by: Base Market Value + Accrued. * Holdings Displayed by: Position.
110
12
Transaction Detail
Base Currency: USD 02/01/2026 - 02/28/2026
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crate r
ADVISORS
* Does not Lock Down.
Tukwila Total Portfolio (562297)
Dated: 03/10/2026
Identifier
Description
Transaction Type
Base Current Units Trade Date Settle Date Final
Maturity
Price Broker/Dealer
Base Principal Base Accrued Interest
Base Amount
02079KBK2 ALPHABET INC
023135CT1
06368L3M6
3130AL7M0
61776NU35
91282CMH1
91282CNM9
91282CPA3
91282CPT2
91282CPW5
93974FGR8
93974FGS6
COL_DEPOSIT
USB_DEPOSIT
WA-LGIP
AMAZON.COM INC
BANK OF MONTREAL
FEDERAL HOME LOAN BANKS
MORGAN STANLEY PRIVATE
BANK NA
UNITED STATES TREASURY
UNITED STATES TREASURY
UNITED STATES TREASURY
UNITED STATES TREASURY
UNITED STATES TREASURY
WASHINGTON STATE
WASHINGTON STATE
Columbia Bank Deposit
US Bank Deposit
Washington Local Government
Investment Pool
Buy
Buy
Buy
Maturity
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Sell
Sell
1,000,000.00 02/20/2026 02/24/2026 02/15/2031
750,000.00
1,000,000.00
-1,000,000.00
750,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,000,000.00
1,000,000.00
52,918.75
-1,974,064.64
-7,818,103.34
02/25/2026
02/20/2026
02/24/2026
02/25/2026
02/25/2026
02/20/2026
02/11/2026
02/04/2026
02/04/2026
02/11/2026
02/11/2026
02/28/2026
02/28/2026
02/28/2026
02/26/2026
02/24/2026
02/24/2026
02/27/2026
02/26/2026
02/24/2026
02/13/2026
02/06/2026
02/06/2026
02/24/2026
02/24/2026
02/28/2026
02/28/2026
02/28/2026
11/20/2030
06/04/2027
02/24/2026
02/08/2030
01/31/2027
07/15/2028
09/30/2030
01/15/2029
01/31/2031
02/01/2029
02/01/2030
02/28/2026
02/28/2026
02/28/2026
�iiLi�flr
100.313
100.515
100.528
100.000
99.938
100.492
100.883
99.656
99.625
99.637
99.893
100.000
1.000
1.000
1.000
CITADEL SECURITIES
INSTITUTIONAL LL
Susquehanna
WELLS FARGO SECURITIES
Maturity
Mizuho Securities
Morgan Stanley
BMO Capital Markets
RBC Capital
CitiGroup
CitiGroup
JP MORGAN
JP MORGAN
Direct
Direct
Direct
1,003,130.00
753,862.50
1,005,278.00
-1,000,000.00
749,533.50
1,507,382.81
1,513,242.19
1,494,843.75
1,494,375.00
1,494,550.78
998,930.00
1,000,000.00
52,918.75
-1,974,064.64
-7,818,103.34
1,252.78
8,285.42
10,207.10
0.00
2,311.20
4,614.99
6,422.65
20,315.93
3,190.61
932.32
0.00
0.00
0.00
0.00
0.00
-1,004,382.78
-762,147.92
-1,015,485.10
1,000,000.00
-751,844.70
-1,511,997.80
-1,519,664.84
-1,515,159.68
-1,497,565.61
-1,495,483.10
-998,930.00
-1,000,000.00
-52,918.75
1,974,064.64
7,818,103.34
2,275, • 9.30
57,533.00
-2,3
* Weighted by: Absolute Value of Base Principal. * MMF transactions are collapsed.
* The Transaction DetaillTrading Activity reports provide our most up-to-date transactional details. As such, these reports are subject to change even after the other reports on the website have been locked down. While these reports can be useful tools in understanding recent activity,
due to their dynamic nature we do not recommend using them for booking journal entries or reconciliation.