HomeMy WebLinkAboutReg 2016-09-06 Item 5 - Powerpoint Presentation Shown at Meeting - 2016 2nd Quarter Financial Report2016 2 "d Quarter
Financial Report
City of Tukwila
September 6, 2016
Revenues are exceeding expectations.
• General Fund tax revenue exceeds budget by
$1.27M.
• Revenues exceed expenditures by $1.49M.
• Sales and use tax exceeds budget by $650 thousand.
• Gambling tax exceed budget by $445 thousand.
September 6, 2016
2016 2nd Quarter Financial Report
Overall, expenditures are within budget
• Expenditures are at 48% of allocated budget.
• Police and Fire are both under budget; $353K and $134K
respectively.
• HR exceeds allocated budget by $32K; recruitment for 2
director positions, compensation study.
• Recreation exceeds allocated budget by $113K; REACH and
expanded preschool program are revenue - backed and will be
included in the November budget amendment.
• TS exceeds allocated budget by $94K; payout for vacated
position.
• Street exceeds allocated budget by $68 thousand; utilities
exceed budget.
September 6, 2016
2016 2nd Quarter Financial Report
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September 6, 2016
Q &A
The city of opportunity,
the community of choice.
2016 2nd Quarter Financial Report
4