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Home My WebLink AboutFIN 2025-06-23 Item 1B - Report - May 2025 Financial ReportCity of Tukwila Tom McLeod, Mayor Finance Department INFORMATIONAL MEMORANDUM TO: Finance & Governance Committee CC: Mayor McLeod FROM: Tony Cullerton, Deputy Finance Director DATE: June 23, 2025 SUBJECT: May 2025 Financial Report Financial Overview Through May 2025 As of the end of May 2025, we have completed 41.7% of the fiscal year. Overall, the City's financial position remains stable, with both General Fund revenues and expenditures tracking close to expectations. General Fund revenues are at 45.1% of the annual budget, while expenditures are slightly lower at 40.2%. These levels suggest the City is on track to meet its annual financial targets, although there are some notable variances compared to the prior year that warrant additional explanations. General Fund Revenues General Fund revenues through May total $34.5 million (P. 2 of the Report), representing a slight year -over - year decrease of 3.8% or approximately $1.38 million (P.4) compared to 2024. This decline is largely attributed to a reduction in property tax collections, which are down 25.2% or $2.4 million (P.4) compared to the same period last year. This is due to the intentional decision to collect $6 million less in property tax than in the prior year. Offsetting this decline are several strong revenue categories. Business & Occupation Taxes are new revenues in which there were no collections as of May in 2024. Permitting revenue also continues to perform well; Building Permits and Rental Housing Permits have risen 30.3% (P.4) year -over - year, reflecting sustained development activity in the City. Additionally, Charges for Services have increased by 47.3% (P.4) compared to last year, with Plan Check and Review fees and Security revenue showing the largest increases. Admission Taxes are up 39% (P.4), suggesting strong public engagement and use of local services and facilities. However, other areas such as Intergovernmental Payments and Gambling Taxes have declined by 19.5% and 17.6% (P.4), respectively. Intergovernmental Payment reductions are a result of the elimination of ARPA grant funding and Fire moving to the RFA. The decline in gambling tax revenue is attributed to a long-term renovation project, which resulted in the extended closure of one cardroom. 1 35 General Fund Expenditures On the expenditure side, the City has spent $30.1 million through May (P.6), representing 40.2% of the budget and reflecting a 12% decrease, or about $4 million (P.8), compared to the prior year. This decrease is largely the result of the Fire Department's expenses falling by nearly $8 million, or 96.9% (P.8). Vehicle lease expenses are now recorded in Non -Departmental rather than in the department -specific line items. As a result, Non -Departmental expenditures show a sharp increase of 194.7%, or $549,000 (P.8). Other departments experiencing notable increases in expenditures include the Police Department, which spent $1.5 million more than in the same period last year, an increase of 15.1% (P.8). Causes of the increase are Fleet Vehicles and Dispatch Services. Finance Department expenses are up 18.5%, or nearly $400,000 (P.8). Increases are to software costs and Insurance Liability increase, Street and Park Maintenance also show increases of 15.1% and 24.4% (P.8), respectively. These increases reflect both inflationary increases Project Costs (EarthCorps - Southgate Park Ecological Restoration). Special Revenue and Capital Funds Outside of the General Fund, Special Revenue and Capital funds reported variances. In the Hotel/Motel Fund, revenues are down 13.6%, primarily due to lower investment earnings, while expenditures have decreased by 16.4% (P.14). The Residential Street Fund has seen a significant 51.2% (P.16) decline in revenue compared to last year, due largely to the absence of anticipated grant funding and reduced state entitlements. Similarly, expenditures in that fund are down nearly 50% (P.16). The Arterial Street Fund reported an 18.9% drop in revenue, with grant revenue down more than 80%, and capital expenditures lower by 39.7% (P.20) compared to last year. These figures reflect project scheduling and are not unexpected at this time of year. Enterprise Funds and Other Operations The City's Enterprise Utility Funds continue to perform steadily. In the Water Utility Fund, revenues are up 8.4%, driven by a 10% (P.40) increase in water service. Expenditures rose by nearly 9% (P.40), primarily due to increased spending on capital and personnel. The Sewer Utility Fund saw a 6.1% (P.43) increase in revenue, alongside a 28.6% (P.43) increase in expenditures, largely due to capital outlays (2023 Central Business District Sanitary Sewer Rehabilitation Phase 4B) and internal cost allocations (budgetary increase of interfund transfer from Sewer to City Facilities Capital Project Fund). Finally, the Foster Golf Course Fund continues to see improved performance. Revenues increased 31.4% year -over -year, supported by strong greens fees, which increased by 21% (P.44), and an up -tick in other income. Expenditures are down slightly, indicating that operations remain well -managed despite increased use. In summary, the City's financial condition through the first five months of 2025 remains sound. Revenues are keeping pace with the budget, and expenditures are being carefully managed. Staff will continue to monitor revenue collection trends, particularly those impacted by timing or external variables such as grants and intergovernmental transfers and will provide updates as conditions evolve. 2 36 Summary at Glance General Fund Performance Summary: Revenues: Year-to-date (YTD) General Fund revenues total $34.5 million, or 45.1% of the annual budget. This is a 3.8% decrease ($1.38 million) from the same period in 2024. Notable changes include: • Business & Occupation Taxes 1` 343.9% (+$1.07 million) - Due to prior -year under collection or updated filings. • Building Permits & Rental Housing Permits 'i` 30.3% (+$245K) - reflects strong construction activity. • Charges for Services 1` 47.3% (+$411K) - indicates higher demand for city services. • Admission Taxes '1` 39.0% (+$124K). • Intergovernmental Payments 1, 19.5% (-$824K). • Gambling Taxes 1, 17.6% (-$381K). • Property Taxes 1, 25.2% (-$2.4 million) - likely due to timing or distribution delays. Expenditures: YTD expenditures total $30.1 million, or 40.2% of the annual budget, showing a 12% decrease (-$4.04 million) from 2024. Key variances: • Non -Departmental Expenses 'j` 194.7% (+$549K) - includes vehicle lease costs that were previously in Fleet Fund. • Finance Department 1` 18.5% (+$397K). • Mayor's Office I` 14.9% (+$486K). • Police Department '1` 15.1% (+$1.51 million). • Street Maintenance'` 15.1% (+$315K). • Park Maintenance 1` 24.4% (+$231K). • Fire Department J, 96.9% (-$8.0 million) - reflects reallocation or accounting change. • Services (excluding PSRFA) 1` 14.8% (+$1.3 million). • Transfers Out to Other Funds'j` 125% (+$102K). 3 37 Key Funds of Interest — Notable Variances >5% and $50K: Hotel/Motel Fund (101): • Revenues 4, 13.6% (-$50.6K), driven by lower investment earnings. • Expenditures ,l, 16.4% (-$37K) due to lower services spending. Residential Street Fund (103): • Revenues 4, 51.2% (-$108.6K), mainly due to timing or absence of grants and state entitlements. • Expenditures 4, 49.9% (-$47K). Arterial Street Fund (104): • Revenues 4, 18.9% (-$491K), particularly in grant revenue (-80.9%) and REET (-36.8%). • Expenditures 4, 39.7% (-$588K), mainly from reduced capital spending. • Water Utility Fund (401): • Revenues 1` 8.4% (+$250K), driven by a 10% increase in water sales. • Expenditures'` 8.9% (+$289K), due to increased spending on capital assets and personnel. • Sewer Utility Fund (402): • Revenues 1` 6.1% (+$270K), from higher sewer sales. • Expenditures 'j` 28.6% (+$1.25 million), driven by new capital investment and internal charges. • Foster Golf Course (411): • Revenues''` 31.4% (+$209K), driven by greens fees (+21.1%) and other income (+301%). Expenditures 4, 2.5% (-$28.7K), showing controlled spending despite increased operations. 38 General Fund Overview 2025 Actuals through May Revenues Transfers In Expenditures Transfers Out $ 2025 Total Bud • et Budget Variance of Annual Budget 32,865,866 $ 1,626,244 29,016,179 1,107,599 71,601,037 4,836,952 70,298,671 4,663,479 45.9% 33.6% 41.3% 23.8% Net Revenues Less Expenditures 4,368,332 1,475,839 General Fund figures include General Fund and Contingency Fund, a Sub -Fund of the General Fund $80 0 $70 $60 $50 $40 $30 $20 $10 5- General Fund Overview • % of Year Complete 41.7% • Revenues Transfers In Expenditures Transfers Out ■ Year to Date • Budget City of Tukwila Monthly Finance Report 1 39 General Fund Overview - Revenues and Transfers In by Category Categ 2025 Total 2025 Revenues Budget through May 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 Payments 5,313,474 Charges for Services 2,612,121 Miscellaneous Revenue 1,568,363 Transfers In - Indirect Cost Allocation 3,111,694 Transfers In From Other Funds 1,725,258 Sale of Capital Assets 4,700,000 7,133,697 9,719,557 457,186 1,781,450 1,386,566 2,133,373 1,628,676 441,476 136,726 1,063,273 1,056,968 3,404,766 1,279,808 1,242,343 1,296,538 329,706 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 4,865,530 13,564,329 705,914 2,568,050 1,013,434 2,360,329 1,539,053 417,759 123,274 2,382,227 928,232 1,908,708 1,332,313 326,020 1,815,156 1,395,552 4,700,000 59.5% 41.7% 39.3% 41.0% 57.8% 47.5% 51.4% 51.4% 52.6% 30.9% 53.2% 64.1% 49.0% 79.2% 41.7% 19.1% 0.0% Total 76,437,989 34,492,109 45, 512, 921 45.1% Percent of Year Complete: 41.7% City of Tukwila Monthly Finance Report 2 General Fund Major Revenues Property Tax Sales & Use Tax Gambling Taxes Business & Occupation Taxes Mm Utility Taxes Interfund Utility Taxes Business Licenses Building Permits & Rental Housing Permits Intergovernmental Payments Charges for Services Miscellaneous Revenue Mi 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 ■ Revenues and Transfers In YTD ■ Total Budget City of Tukwila Monthly Finance Report 3 General Fund: Year -to -Year Revenues and Transfers In Category 2023 Revenues Through May 2024 Revenues Through May 2025 Revenues through May 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 Payments Charges for Services Miscellaneous Revenue Transfers In - Indirect Cost Allocation Transfers In From Other Funds Sale of Capital Assets 9,317,801 8,952,577 509,043 2,334,179 1,968,340 1,456,338 401,170 121,273 1,165,603 887,759 2,203,157 1,107,093 601,870 1,176,005 9,539,911 9,909,767 463,970 2,162,616 312,351 2,029,887 1,518,717 317,701 127,562 1,095,007 811,205 4,228,945 868,716 1,070,986 1,234,804 176,392 7,133,697 (2,406,214) 9,719,557 (190,210) 457,186 (6,784) 1,781,450 (381,166) 1,386,566 1,074,215 2,133,373 103,486 1,628,676 109,959 441,476 123,775 136,726 9,164 1,063,273 (31,734) 1,056,968 245,763 3,404,766 (824,179) 1,279,808 411,092 1,242,343 171,357 1,296,538 61,734 329,706 153,314 -25.2% -1.9% -1.5% -17.6% +343.9% +5.1 % +7.2% +39.0% +7.2% -2.9% +30.3% -19.5% +47.3% +16.0% +5.0% +86.9% Total 32,202,208 35,868,537 34,492,109 (1,376,428) -3.8% City of Tukwila Monthly Finance Report 4 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 Payments Charges for Services Miscellaneous Revenue Transfers In - Indirect Cost Allocation Transfers In From Other Funds Sale of Capital Assets 0 1 2 3 4 5 6 7 8 9 10 11 Millions 2023 2024 ■ 2025 CA) City of Tukwila Monthly Finance Report 5 Overview - Expenditures & Transfers Out by Department Department 2025 Total Budget 2025 Expenses through May City Council Mayor's Office Administrative Services 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 Total 400,093 $ 9,748,218 4,343,230 5,732,921 2,329,525 28,411,330 1,398,192 4,110,113 2,659,037 4,977,693 4,761,271 1,427,046 3,692,390 971,089 74,962,148 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 153,682 $ 3,759,047 2,538,865 2,108,821 899,377 11,534,789 256,730 1,356,424 1,178, 638 2,000,303 2,397,868 831,635 923,099 184,500 30,123,778 246,411 5,989,171 1,804,365 3,624,100 1,430,148 16,876,541 1,141,462 2,753,689 1,480, 399 2,977,390 2,363,403 595,411 2,769,291 786,589 38.4% 38.6% 58.5% 36.8% 38.6% 40.6% 18.4% 33.0% 44.3% 40.2% 50.4% 58.3% 25.0% 19.0% 44,838,370 40.2% Percent of Year Complete: 41.7% General Fund Expenditures and Transfers Out by Department City of Tukwila Monthly Finance Report 6 Thousands 30,000 25,000 20,000 15,000 10,000 5,000 ,1 0\°e G°acG\ 5 o/ •�\aacoe Oc9 Q°\`oe ce o a�\oo �aoe �5 ,co +Qeaee e\oe J�aS Qa� 5�ee�°a J,�o at` O O0Q �e�y • Expenditures and Transfers Out YTD Total Budget City of Tukwila Monthly Finance Report 7 General Fund Overview - Year -to -Year Expenditures & Transfers Out by Department Category 2023 Expenses through May 2024 Expenses through May City Council $ 155,690 $ Mayor's Office 2,926,438 Finance Department 1,448,069 Community Development (DCD) 1,801,921 Municipal Court 658,813 Police Department 8,701,483 Fire Department 7,480,438 Recreation Department 1,119,104 Park Maintenance Dept 842,480 Public Works Dept 1,819,001 Street Maintenance Dept 1,834,614 Non -Departmental Expenses 245,701 282,181 Transfers Out - Debt Service 1,187,457 1,051,586 Transfers Out to Other Funds 75,000 82,017 2025 Expenses through May 169,346 $ 3,272,907 2,141, 906 1,899,405 811,361 10,021,213 8,274,695 1,246,409 947,229 1,885,037 2,082,618 2025 vs 2024 153,682 $ 3,759,047 2,538,865 2,108,821 899,377 11,534,789 256,730 1,356,424 1,178,638 2,000,303 2,397,868 (15,664) 486,140 396,959 209,416 88,016 1,513,576 (8,017,965) 110,015 231,409 115,266 315,250 -9.2% +14.9% +18.5% +11.0% +10.8% +15.1% -96.9% +8.8% +24.4% +6.1 % +15.1% 831,635 549,454 +194.7% 923,099 (128,487) -12.2% 184,500 102,483 +125.0% Total 30,296,209 34,167,909 30,123,778 Notes: 'In 2025, vehicle leases across the General Fund are now Non -Departmental exenses. From 2023-2024, these expenses were paid from savings accumulated in the Fleet Fund (4,044,131) -12% City of Tukwila Monthly Finance Report 8 N 14,000 0 0 L H 12,000 10,000 8,000 6,000 4,000 2,000 General Fund Expenditures by Department Prior Year Comparions YTD _._ 111 "JI' I I I oJc6 (Pc' `oo \cacoe, OGO Go.> Qo4'e' �\�a aa`oc earn° G t5 F arc �a ,ado Q-1 \\a. Q a' 2023 2024 ■2025 •0 �acacoa Qacyay 5\aa��a\c �ac�a\O Oa City of Tukwila Monthly Finance Report 9 =General Fund Overview - Expenditures by Category Category 2025 Total Budget 2025 Expenses through May 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 1,640,914 22,109,457 200,000 30,205 3,692,390 971,089 13,143,313 4,891,822 504,372 10,187,016 289,656 923,099 184,500 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 20,323,063 7,959,896 1,136,542 11,922,441 (89,656) 30,205 2,769,291 786,589 39.3% 38.1% 30.7% 46.1 % 144.8% 0.0% 25.0% 19.0% Total N 40,000 -o 2 35,000 0 L F- 30,000 25,000 20,000 15,000 10,000 5,000 Salaries, Wages, & Overtime 74,962,149 30,123,778 44,838,371 Percent of Year Complete: General Fund Expenditures and Transfers Out by Category Benefits Supplies Services 40.2% 41.7% ■ Land, Structures, Other Expenditures Transfers Out - Debt Transfers Out to Other Machinery, Equipment • Expenditures and Transfers Out YTD ■ 2025 Total Budget Service Funds City of Tukwila Monthly Finance Report 10 General Fund: Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May Salaries, Wages, & Overtime 10,389,063 11,773,010 Benefits 4,123, 554 4,423,058 Supplies 352,386 505,673 Services 14,168,749 16,106,675 Services excluding PSRFA Fire Contract 7,624,398 8,874,041 Land, Structures, Machinery, Equipment 225,891 Other Expenditures Transfers Out - Debt Service 1,187,457 1,051,586 Transfers Out to Other Funds 75,000 82,017 2025 Expenses through May 13,143, 313 4,891,822 504,372 10,187,016 10,187,016 289,656 923,099 184,500 2025 vs 2024 1,370,303 468,764 (1,301) (5,919,659) 1,312,975 63,765 (128,487) 102,483 +11.6% +10.6% -0.3% -36.8% +14.8% +28.2% -12.2% +125.0% Total u 18,000 O 16,000 0 0 - 14,000 12,000 10,000 8,000 6,000 4,000 2,000 1 Salaries, Wages, & 30,296,209 34,167,910 30,123,778 General Fund Expenditures by Category Prior Year Comparions YTD (4,044,132) -11.8% Benefits Supplies Services Services excluding Land, Structures, Other Expenditures Transfers Out - Debt Transfers Out to Other Overtime PSRFA Fire Contract Machinery, Equipment Service Funds 2023 2024 ■2025 City of Tukwila Monthly Finance Report 11 Fund 101 Hotel/Motel Special Revenue Fund Overview 2025 through May Revenues Expenditures Transfers Out 2025 Total Budget Budget Variance % of Annual Budget 320,130 $ 178,605 12,171 897,750 992,204 29,209 35.7% 18.0% 41.7% Net Revenues Less Expenditures 129,354 (123,663) % of Year Complete 41.7% 50 City of Tukwila Monthly Finance Report 12 Fund 101 Hotel/Motel Special Revenue Fund Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through May Salaries, Wages, & Overtime Benefits Supplies Services Transfers Out - Internal Cost Allocation 51,393 20,561 3,000 917,250 29,209 21,606 4,792 152,207 12,171 udget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 29,787 15,769 3,000 765,043 17,038 42.0% 23.3% 0.0% 16.6% 41.7% Total Thousands 1,200 1,000 800 600 400 200 1,021,413 190,776 Fund 101 Expenditures 2025 Expenditures YTD 2025 Total Budget 830,637 18.7% % of Year Complete 41.7% Revenues and Transfers In by Category Category 2025 Total Budget 2025 Revenues through Ma Hotel/Motel Tax Investment Earnings Total 1,000 o c c 900 0 0 s H 800 700 600 500 400 300 200 100 850,000 47,750 897,750 Fund 101 Revenues 285,586 34,544 320,130 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 2025 Revenues YTD 2025 Total Budget (564,414) (13,206) (577,620) 33.6% 72.3% 35.7% % of Year Complete 41.7% City of Tukwila Monthly Finance Report 13 51 Fund 101 Hotel/Motel Special Revenue Fund Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 $ % Salaries, Wages, & Overtime Benefits Services Transfers Out - Internal Cost Allocation $ 29,398 $ 7,386 112,630 11,040 37,956 $ 8,844 169,754 11,592 21,606 $ (16,350) 4,792 (4,052) 152,207 (17,547) 12,171 579 -43.1 -45.8% -10.3% +5.0% Total 160,608 228,146 190,776 (37,370) -16.4% Fund 101 Hotel/Motel Special Revenue Fund Year -to -Year Revenues and Transfers In by Category Hotel/Motel Tax Investment Earnings 2023 Revenues through May 314,102 2024 Revenues through May 2025 Revenues through May 305,853 285,586 44,765 64,856 34,544 2025 vs 2024 $ % (20,267) -6.6% (30,312) -46.7% Total Expenditures and Transfers Out Revenues and Transfers In 358,867 370,709 320,130 Fund 101 Prior Year Comparisons YTD a (50,579) -13.6% 50 100 150 200 250 300 350 400 Thousands ■ 2023 2024 ■ 2025 52 City of Tukwila Monthly Finance Report 14 Fund 103 Residential Street Fund Overview 2025 through May Revenues Expenditures 2025 Total Budget Budget Variance % of Annual Budget 103,572 $ 47,228 1,130,000 850,000 9.2% 5.6% Net Revenues Less Expenditures 56,344 280,000 % of Year Complete 41.7% City of Tukwila Monthly Finance Report 15 53 Fund 103 Residential Street Fund Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through May Supplies Services 850,000 5,266 41,962 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget (5,266) 808,038 4.9% Total Thousands 900 800 700 600 500 400 300 200 100 850,000 Fund 103 Expenditures 2025 Expenditures YTD 47,228 2025 Total Budget 802,772 5.6% % of Year Complete 41.7% Revenues and Transfers In by Category Category 2025 Total Budget 2025 Revenues through Ma Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget Utility Taxes Grant Revenues State Entitlements Investment Earnings Total 1,200 a c m 1,000 H 800 600 400 200 100,000 724,000 280,000 78,482 (100,000) (724,000) (201,518) 26,000 25,091 (909) 1,130,000 103,572 (1,026,428) Fund 103 Revenues 2025 Revenues YTD 2025 Total Budget 0.0% 0.0% 28.0% 96.5% 9.2% % of Year Complete 41.7% 54 City of Tukwila Monthly Finance Report 16 Fund 103 Residential Street Fund Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 $ % Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment $ 7,544 $ 4,769 256,995 1,935 $ 868 12,902 50,818 27,762 - $ (1,935) - (868) 5,266 (7,636) 41,962 (8,856) (27,762) -100.0% -100.0% -59.2% -17.4% -100.0% Total 269,308 94,285 47,228 (47,057) -49.9% Fund 103 Residential Street Fund Year -to -Year Revenues and Transfers In by Category Category Grant Revenues State Entitlements Investment Earnings Transfers In 2023 Revenues through May 2024 Revenues through May 2025 Revenues through May 2025 vs 2024 $ % 70,797 - (70,797) 110,560 107,428 78,482 (28,946) 11,379 26,956 25,091 (1,865) 7,017 - (7,017) -100.0% -26.9% -6.9% -100.0% Total Expenditures and Transfers Out Revenues and Transfers In 121,939 212,198 103,573 Fund 103 Prior Year Comparisons YTD K. (108,625) -51.2% 50 100 150 200 250 300 Thousands 2023 2024 ■ 2025 City of Tukwila Monthly Finance Report 17 55 Fund 104 Arterial Street Fund Overview Revenues Expenditures 25 through May 2025 Total Budget Budget Variance % of Annual Budget 2,105,658 $ 891,860 5,586,001 7,636,726 37.7% 11.7% Net Revenues Less Expenditures 1,213,798 (2,050,725) % of Year Complete 41.7% 56 City of Tukwila Monthly Finance Report 18 Fund 104 Arterial Street Fund Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through May Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment $ 793,142 312,185 23,200 6,508,200 $ 267,007 92,939 45,136 313,788 172,991 udget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget $ 526,135 219,246 (21,936) 6,194,412 (172,991) 34% 30% 194.6% 4.8% Total 0 m 'o r H 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 7,636,727 891,861 Fund 104 Expenditures 2025 Expenditures YTD 2025 Total Budget 6,744,866 11.7% % of Year Complete 41.7% Revenues and Transfers In by Category Category 2025 Total Budget 2025 Revenues through Ma Utility Taxes Parking Tax Real Estate Excise Tax (REET) Permits Franchise Fees Grant Revenues State Entitlements General Government Revenue $ 1,320,000 $ 800,000 500,000 1 450,000 2,026,000 135,000 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 654,335 $ 331,313 212,110 194,050 144,889 (665,665) (468,687) (287,890) (1) (255,950) (1,881,111) 39,868 (95,132) 360 360 49.6% 41.4% 42.4% 0.0% 43.1% 7.2% 29.5% Traffic Impact Fees 200,000 301,959 101,959 151.0% Fines and Penalties 2,000 562 (1,438) 28.1% Other Income 80,000 110,200 30,200 137.8% Investment Earnings 73,000 116,012 43,012 158.9% Total 5,586,001 2,105,658 (3,480,343) 37.7% N 6,000 a v( i 5,000 0 0 t 1- 4,000 3,000 2,000 1,000 Fund 104 Revenues 2025 Revenues YTD 2025 Total Budget % of Year Complete 41.7% City of Tukwila Monthly Finance Report 19 57 Fund 104 Arterial Street Fund Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment 159,348 $ 56,452 86,680 407,667 780,878 207,901 71,077 749 479,307 720,968 267,007 $ 59,106 92,939 21,862 45,136 44,387 313,788 (165,519) 172,991 (547,977) +28.4% +30.8% +5926.2% -34.5% -76.0% Total 1,491,025 1,480,002 891,861 (588,141) -39.7% Fund 104 Arterial Street Fund Year -to -Year Revenues and Transfers In by Category Category f 2023 Revenues 1 through May 2024 Revenues through May 2025 Revenues through May 2025 vs 2024 $ 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 528,080 $ 330,186 104,999 443 653,569 $ 360,033 335,387 2 136,376 55,049 758,800 54,997 53,507 20 132,793 127,654 10,655 825 95,300 39,500 98,809 131,443 654,335 $ 331,313 212,110 766 +0% (28,720) -8.0% (123,277) -36.8% (2)-100.0% 194,050 57,674 +42.3% 144,889 (613,911) -80.9% 39,868 (13,639) -25.5% 360 340 +1700.0% 301,959 174,305 +136.5% 562 (263) -31.9% 110,200 70,700 +179.0% 116,012 (15,431) -11.7% Total 1,411,311 2,597,116 2,105,658 (491,458) -18.9% Expenditures and Transfers Out Revenues and Transfers In Fund 104 Prior Year Comparisons YTD L ■ • • 500 1,000 1,500 2,000 2,500 3,000 Thousands ■ 2023 2024 ■ 2025 58 City of Tukwila Monthly Finance Report 20 Fund 109 Drug Seizure Fund Overview Revenues Expenditures 25 through May 2025 Total Budget Budget Variance % of Annual Budget - $ 49,607 98,100 73,000 0.0% 68.0% Net Revenues Less Expenditures (49,607) 25,100 % of Year Complete 41.7% City of Tukwila Monthly Finance Report 21 59 Fund 109 Drug Seizure Fund Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through May Supplies Services 36,000 37,000 31,965 17,642 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 4,035 19,358 88.8% 47.7% Total 80 w c c w 70 0 0 H 60 50 40 30 20 10 73,000 Fund 109 Expenditures 2025 Expenditures YTD 49,607 2025 Total Budget 23,393 68.0% % of Year Complete 41.7% Revenues and Transfers In by Category Category 2025 Total Budget 2025 Revenues through Ma Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget Intergovernmental Revenue Other Income Investment Earnings Total 80 60 40 20 35,000 60,000 3,100 98,100 Fund 109 Revenues 2025 Revenues YTD 2025 Total Budget (35,000) (60,000) (3,100) (98,100) 0.0% 0.0% 0.0% 0.0% % of Year Complete 41.7% 60 City of Tukwila Monthly Finance Report 22 Fund 109 Drug Seizure Fund Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 $ % Supplies Services 11,423 10,483 4,570 17,149 31,965 17,642 27,395 493 +599.5% +2.9% Total 21,906 21,719 49,607 27,888 +128.4% Fund 109 Drug Seizure Fund Year -to -Year Revenues and Transfers In by Category Category 2023 Revenues through May 2024 Revenues through May 2025 Revenues through May 2025 vs 2024 $ % Grant Revenues Intergovernmental Revenue Other Income Investment Earnings 77,060 Total Expenditures and Transfers Out Revenues and Transfers In 77,060 Fund 109 Prior Year Comparisons YTD a 10 20 30 40 50 60 70 80 90 Thousands ■ 2023 2024 ■ 2025 City of Tukwila Monthly Finance Report 23 61 Fund 301 Land Acq., Rec. & Park Development Overview 2025 through May Revenues Expenditures Transfers Out 2025 Total Budget Budget Variance % of Annual Budget 724,285 $ 175,973 2,841,300 2,431,000 652,605 25.5% 7.2% 0.0% Net Revenues Less Expenditures 548,312 (242,305) % of Year Complete 41.7% 62 City of Tukwila Monthly Finance Report 24 Fund 301 Land Acq., Rec. & Park Development Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through May Supplies Services Land, Structures, Machinery, Equipment Transfers Out to Other Funds 30,000 1,876,000 525,000 652,605 172,063 3,910 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 30,000 1,703,937 521,090 652,605 0.0% 9.2% 1% 0% Total w 3,500 c c S 3,000 0 1- H 2,500 2,000 1,500 1,000 500 3,083,605 175,973 Fund 301 Expenditures 2025 Expenditures YTD 2025 Total Budget 2,907,632 5.7% % of Year Complete 41.7% Revenues and Transfers In by Category Category 2025 Total Budget 2025 Revenues through May Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget Property Tax Real Estate Excise Tax (REET) Grant Revenues Park Impact Fees Investment Earnings Total u 3,000 a c m ur 3 2,500 H 2,000 1,500 1,000 500 207,800 500,000 1,976,000 100,000 138,193 500,000 17,515 (69,607) (500,000) (1,476,000) (82,485) 57,500 68,577 11,077 2,841,300 724,285 (2,117,015) Fund 301 Revenues 2025 Revenues YTD 2025 Total Budget 66.5% 0.0% 25.3% 17.5% 119.3% 25.5% % of Year Complete 41.7% City of Tukwila Monthly Finance Report 25 63 Fund 301 Land Acq., Rec. & Park Development Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 $ % Services Land, Structures, Machinery, Equipment 74,481 228,384 172,063 3,910 (56,321) 3,910 -24.7% Total 96,110 228,384 175,973 (52,411) -22.9% a ilk a Fund 301 Land Acq., Rec. & Park Developmentli jiff Year -to -Year Revenues and Transfers In by Category Category Property Tax Real Estate Excise Tax (REET) Grant Revenues Park Impact Fees Investment Earnings Transfers In 2023 Revenues through May 36,224 2024 Revenues through May 2025 Revenues through May 133,701 138,193 2025 vs 2024 $ % 4,492 500,000 500,000 +3% 30,104 17,522 17,515 (7) -0.0% 60,888 92,217 68,577 (23,640) -26% Total Expenditures and Transfers Out Revenues and Transfers In 127,216 243,440 724,285 Fund 301 Prior Year Comparisons YTD 480,845 +197.5% 100 200 300 400 500 600 700 800 Thousands ■ 2023 2024 ■ 2025 City of Tukwila Monthly Finance Report 26 64 Fund 303 General Government Improvements Overview 2025 through May Revenues Transfers In Expenditures 2025 Total Budget Budget Variance % of Annual Budget 5,454 $ 109,500 1,000 438,000 538,000 545.4% 25.0% 0.0% Net Revenues Less Expenditures 114,954 (99,000) % of Year Complete 41.7% City of Tukwila Monthly Finance Report 27 65 Fund 303 General Government Improvements Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through May Services 538,000 Budget Variance (Unfavorable) / Favorable Budget Variance % of Annual Budget 538,000 0.0% Total 600 c C 0 500 s 400 300 200 100 538,000 Fund 303 Expenditures 2025 Expenditures YTD 2025 Total Budget 538,000 0.0% % of Year Complete 41.7% Revenues and Transfers In by Category Category 2025 Total Budget 2025 Revenues through Ma Investment Earnings Transfer In From General Fund Total ur 500 a c y 450 3 O r H 400 350 300 250 200 150 100 50 1,000 438,000 439,000 Fund 303 Revenues 2025 Revenues YTD 5,454 109,500 114,954 Budget Variance (Unfavorable) / Favorable Budget Variance % of Annual Budget 2025 Total Budget 4,454 (328,500) (324,046) 545.4% 25% 26.2% % of Year Complete 41.7% 66 City of Tukwila Monthly Finance Report 28 Fund 303 General Government Improvements Year -to -Year Expenditures & Transfers Out by Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 $ % Services 133,850 1,146 (1,146) -100.0% Total 133,850 1,146 (1,146) -100.0% Fund 303 General Government Improvements Year -to -Year Revenues and Transfers In by Category MIZE_ Grant Revenues Investment Earnings Transfer In From General Fund 2023 Revenues through May 2024 Revenues through May 2025 Revenues through May 2025 vs 2024 $ % 10,001 9,676 5,454 (4,222) 109,500 109,500 -44% Total 10,001 9,676 114,954 105,278 +1088.0% Fund 303 Prior Year Comparisons YTD L Expenditures and Transfers Out s Revenues and Transfers In 20 40 60 80 100 120 140 160 Thousands ■ 2023 2024 ■ 2025 City of Tukwila Monthly Finance Report 29 67 Fund 304 Fire Improvements Overview Revenues Transfers Out 25 through May 2025 Total Budget Budget Variance % of Annual Budget $ 16,592 $ 600,000 600,000 2.8°A) 0.0% Net Revenues Less Expenditures 16,592 % of Year Complete 41.7% 68 City of Tukwila Monthly Finance Report 30 Fund 304 Fire Improvements Transfers Out Category 2025 Total Budget 2025 Transfers Out through May Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget Transfers Out to Other Funds 600,000 600,000 0% Total 700 c C S 600 O L H 500 400 300 200 100 600,000 Fund 304 Transfers Out 2025 Expenditures YTD 2025 Total Budget 600,000 0.0% % of Year Complete 41.7% w Category 2025 Total Budget 2025 Revenues through Ma Fire Impact Fees Total 700 o C (0 to p 600 r 1- 500 400 300 200 100 600,000 600,000 Fund 304 Revenues 16,592 16,592 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 2025 Revenues YTD 2025 Total Budget (583,408) (583,408) 2.8% 2.8% % of Year Complete 41.7% City of Tukwila Monthly Finance Report 31 69 Fund 304 Fire Improvements Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 $ % Transfers Out to Other Funds Total Fund 304 Fire Improvements Year -to -Year Revenues and Transfers In by Category Category Fire Impact Fees 2023 Revenues through May 2024 Revenues through May 17,716 10,313 2025 Revenues through May 16,592 2025 vs 2024 $ 6,279 +60.9% Total Expenditures and Transfers Out Revenues and Transfers In 17,716 10,313 Fund 304 Prior Year Comparisons YTD 16,592 7 6,279 2 4 6 8 10 12 14 16 18 20 Thousands +60.9% ■ 2023 2024 ■ 2025 70 City of Tukwila Monthly Finance Report 32 Fund 305 Public Safety Plan Overview 2025 through May Revenues Transfers In Transfers Out 2025 Total Budget Budget Variance % of Annual Budget 235,377 $ 329,706 15,000 1,100,000 1,318,824 1569.2% 0.0% 25.0% Net Revenues Less Expenditures (94,329) (203,824) % of Year Complete 41.7% City of Tukwila Monthly Finance Report 33 71 Fund 305 Public Safety Plan Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through May Transfers Out to Other Funds 1,318,824 329,706 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 989,118 25% Total Thousands 1,400 1,200 1,000 800 600 400 200 1,318,824 Fund 305 Expenditures 2025 Expenditures YTD 329,706 2025 Total Budget 989,118 25.0% % of Year Complete 41.7% Revenues and Transfers In by Category Category 2025 Total Budget 2025 Revenues through Ma Real Estate Excise Tax (REET) Investment Earnings Transfers In Total ur 1,200 a c 800 600 400 200 15,000 1,100,000 1,115,000 Fund 305 Revenues 212,110 23,267 235,377 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 2025 Revenues YTD 2025 Total Budget 212,110 8,267 (1,100,000) (879,623) 155.1% 0% 21.1% % of Year Complete 41.7% 72 City of Tukwila Monthly Finance Report 34 Fund 305 Public Safety Plan Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 $ % Transfers Out to Other Funds 329,706 329,706 Total 329,706 329,706 Fund 305 Public Safety Plan Year -to -Year Revenues and Transfers In by Category Category Real Estate Excise Tax (REET) Fire Impact Fees Investment Earnings Transfers In 2023 Revenues through May 68,776 2024 Revenues through May 335,387 19,311 25,688 2025 Revenues through May 212,110 2025 vs 2024 $ % (123,277) -36.8% 23,267 (2,421) -9% Total Expenditures and Transfers Out Revenues and Transfers In 88,087 361,075 235,377 Fund 305 Prior Year Comparisons YTD (125,698) -34.8% 50 100 150 200 250 300 350 400 Thousands ■ 2023 2024 ■ 2025 City of Tukwila Monthly Finance Report 35 73 Fund 306 City Facilities Overview 2025 through May Revenues Transfers In Expenditures 2025 Total Budget Budget Variance % of Annual Budget - $ 250,002 46,185 846,937 1,000,000 1,000,000 0.0% 25.0% 4.6% Net Revenues Less Expenditures 203,817 846,937 % of Year Complete 41.7% 74 City of Tukwila Monthly Finance Report 36 Fund 306 City Facilities Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through May Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget Services 1,000,000 46,185 953,815 4.6% Total Thousands 1,200 1,000 800 600 400 200 1,000,000 Fund 306 Expenditures 2025 Expenditures YTD 46,185 2025 Total Budget 953,815 4.6% % of Year Complete 41.7% Revenues and Transfers In by Category Category 2025 Total Budget 2025 Revenues through Ma Investment Earnings Rent & Concessions Transfers In Total 2,000 a c y 1,800 3 O r H 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 250,002 250,002 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 2025 Revenues YTD 2025 Total Budget (5,000) (841,937) (749,998) (1,596,935) 0.0% 0.0% 25% 13.5% % of Year Complete 41.7% City of Tukwila Monthly Finance Report 37 75 Fund 306 City Facilities Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 $ % Services Land, Structures, Machinery, Equipment 70,890 1,171,042 963,796 808 46,185 (917, 611) -95.2% (808)-100.0% Total 1,249,842 964,604 46,185 (918,419) -95.2% Fund 306 City Facilities Year -to -Year Revenues and Transfers In by Category Category Investment Earnings Rent & Concessions Transfers In 2023 Revenues through May 21,993 2024 Revenues through May 11,521 250,000 2025 Revenues through May 250,002 2025 vs 2024 $ % (11,521) 2 -100.0% +0% Total Expenditures and Transfers Out Revenues and Transfers In 21,993 261,521 Fund 306 Prior Year Comparisons YTD 250,002 at 200 400 600 800 1,000 (11,519) 1,200 1,400 Thousands -4.4% ■ 2023 2024 ■ 2025 76 City of Tukwila Monthly Finance Report 38 Fund 401 Water Utility Fund Overview 2025 through May Revenues Expenditures Transfers Out 2025 Total Budget Budget Variance % of Annual Budget 3,239,409 $ 3,040,522 512,944 11,341,356 10,493,596 1,507,615 28.6% 29.0% 34.0% Net Revenues Less Expenditures (314,057) (659,855) % of Year Complete 41.7% City of Tukwila Monthly Finance Report 39 77 Fund 401 Water Utility Fund Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through May Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 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 5,677,288 215,173 816,232 358,050 333,333 357,872 153,618 1,488,179 761,541 279,312 340,099 89,511 83,334 599,240 385,209 1,617,017 4,915,747 (279,312) 215,173 476,133 268,539 249,999 37% 29% 47.9% 13.4% 0% 42% 25% 25% Total 0 14,000 c c w 12,000 0 0 s H 10,000 8,000 6,000 4,000 2,000 12,001,211 3,553,466 Fund 401 Expenditures and Transfers Out 2025 Expenditures YTD 2025 Total Budget 8,447,745 29.6% % of Year Complete 41.7% Revenues and Transfers In by Category Category 2025 Total Budget 2025 Revenues through May Water Sales Security Revenue Other Income Investment Earnings Bond Proceeds Total u 12,000 a 0 L H 10,000 8,000 6,000 4,000 2,000 9,239,856 1,500 100,000 2,000,000 11,341,356 Fund 401 Revenues 3,207,190 (14,846) 8,549 38,517 3,239,410 Budget Variance Budget Varianc (Unfavorable) / Favorable % of Annual Budget 2025 Revenues YTD 2025 Total Budget (6,032,666) (14,846) 7,049 (61,483) (2,000,000) (8,101,946) 34.7% 569.9% 38.5% 0% 28.6% % of Year Complete 41.7% 78 City of Tukwila Monthly Finance Report 40 Fund 401 Water Utility Fund Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 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 278,234 $ 124,208 1,700,236 938,782 320,753 $ 154,586 1,406, 798 746,502 56,065 81,432 81,029 308,480 323,904 89,511 89,511 (60) 85,000 357,872 $ 37,119 153,618 (968) 1,488,179 81,381 761,541 15,039 +2.0% 279,312 223,247 +398.2% (81,029) -100% 340,099 16,195 89,511 0% 83,334 (1,666) -2% +11.6% -0.6% +5.8% +5% Total 3,520,823 3,264,148 3,553,466 289,318 +8.9% Fund 401 Water Utility Fund Year -to -Year Revenues and Transfers In by Category Category 2023 Revenues through May 2024 Revenues through May Water Sales 2,683,663 2,907,530 Grant Revenues Security Revenue Other Income Investment Earnings Bond Proceeds 2025 Revenues through May 3,207,190 2025 vs 2024 299,660 +10% 5,677 5,609 (14,846) (20,455) -364.7% 3,136 4,995 8,549 3,554 +71.2% 75,020 71,391 38,517 (32,874) -46% Total Expenditures and Transfers Out Revenues and Transfers In 2,767,496 2,989,525 Fund 401 Prior Year Comparisons YTD • 3,239,410 249,885 +8.4% 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 Thousands ■ 2023 2024 ■ 2025 City of Tukwila Monthly Finance Report 41 79 Fund 402 Sewer Utility Fund 2025 through May Revenues Transfers In Expenditures Transfers Out 2025 Total Budget Budget Variance % of Annual Budget 4,677,169 $ 5,197,616 419,882 12,527,105 16,129, 584 1,221,086 37.3% 32.2% 34.4% Net Revenues Less Expenditures (940,329) (4,823, 565) % of Year Complete 41.7% 80 City of Tukwila Monthly Finance Report 42 Category 2025 Total Budget 2025 Expenses through May Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 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 8,611,358 154,403 687,666 200,087 333,333 285,832 131,191 2,362,271 848,141 1,527,359 41,175 286,524 50,024 83,334 380,752 351,693 3,852,084 7,763,217 (1,527,359) 113,228 27% 401,142 42% 150,063 25% 249,999 25% 43% 27% 38.0% 9.8% Total Thousands 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 17,350,670 5,615,851 Fund 402 Expenditures and Transfers Out 2025 Expenditures YTD 2025 Total Budget 11,734,819 32.4% % of Year Complete 41.7% Category 2025 Total Budget 2025 Revenues through Ma Sewer Sales Other Income Investment Earnings Total u, 14,000 12,000 r 10,000 8,000 6,000 4,000 2,000 12,127,105 400,000 12, 527,105 Fund 402 Revenues 4,499,055 43,211 134,902 4,677,168 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 2025 Revenues YTD 2025 Total Budget (7,628,050) 43,211 (265,098) (7,849,937) 37.1% 33.7% 37.3% % of Year Complete 41.7% City of Tukwila Monthly Finance Report 43 81 Fund 402 Sewer Utility Fund Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 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 349,929 149,906 1,653,119 714,151 237,417 259,890 50,021 (34) $ 459,365 $ 285,832 191,961 131,191 2,196,275 2,362,271 914,904 848,141 1,527,359 236,250 42,822 272,881 286,524 50,021 50,024 47,500 83,334 $ (173,533) -37.8% (60,770) -31.7% 165,996 +7.6% (66,763) -7.3% 1,527,359 - (193,428) -82% 13,643 +5% 3 +0% 35,834 +75% Total 3,414,399 4,369,157 5,617,498 1,248,341 +28.6% Fund 402 Sewer Utility Fund Year -to -Year Revenues and Transfers In by Category MEM 2023 Revenues through May 2024 Revenues through May Sewer Sales 4,101,126 4,185,927 Other Income 22,922 4,130 Investment Earnings 193,227 217,345 2025 Revenues through May 4,499,055 43,211 134,902 2025 vs 2024 $ 313,128 39,081 (82,443) +7% +946.3% -37.9% Total 4,317,275 4,407,402 4,677,168 269,766 +6.1% Expenditures and Transfers Out Revenues and Transfers In Fund 402 Prior Year Comparisons YTD 1,000 2,000 3,000 4,000 5,000 6,000 Thousands ■ 2023 2024 ■ 2025 82 City of Tukwila Monthly Finance Report 44 Fund 411 Foster Golf Course Overview 2025 through May Revenues Transfers In Expenditures Transfers Out 2025 Total Budget Budget Variance % of Annual Budget 800,760 $ 75,000 1,010,261 100,745 2,487,500 300,000 2,719,666 241,788 32.2% 25.0% 37.1% 41.7% Net Revenues Less Expenditures (235,246) (173,954) % of Year Complete 41.7% City of Tukwila Monthly Finance Report 45 83 Fund 411 Foster Golf Course Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through May Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Transfers Out - Internal Cost Allocation 1,077,911 395,385 362,145 360,225 524,000 241,788 429,050 170,094 156,819 203,967 50,330 100,745 648,861 225,291 205,326 156,258 473,670 141,043 40% 43% 43.3% 56.6% 10% 42% Total w 3,500 -a c w 3,000 0 0 H 2,500 2,000 1,500 1,000 500 2,961,454 1,111,005 Fund 411 Expenditures and Transfers Out 2025 Expenditures YTD 2025 Total Budget 1,850,449 37.5% % of Year Complete 41.7% Revenues and Transfers In by Category Category 2025 Total Budget 2025 Revenues through May Gambling & Excise Taxes Greens Fees General Government Revenue Culture and Recreation Fees Other Income Investment Earnings Rent & Concessions Transfer In From General Fund Total in 3,000 -a c m S' 2,500 0 r H 2,000 1,500 1,000 500 3,000 1,610,000 165,000 5,000 11,000 60,000 579,718 67,521 1,300 16,384 23,586 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget (3,000) (1,030,282) (97,479) (3,700) 0.0% 36.0% 40.9% 26.0% 5,384 148.9% (36,414) 39.3% 633,500 112,251 (521, 249) 17.7% 300,000 75,000 (225,000) 25% 2,787,500 875,760 (1,911,740) 31.4% Fund 411 Revenues and Transfers In 2025 Revenues YTD 2025 Total Budget % of Year Complete 41.7% 84 City of Tukwila Monthly Finance Report 46 Fund 411 Foster Golf Course Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Transfers Out - Internal Cost Allocation 330,189 $ 150,409 204,757 250,139 91,380 380,504 $ 158,567 128,085 324,986 51,632 95,944 429,050 $ 48,546 170,094 11,527 156,819 28,734 203,967 (121,019) 50,330 (1,302) 100,745 4,801 +12.8% +7.3% +22.4% -37.2% -2.5% +5% Total 1,026,874 1,139,718 1,111,005 (28,713) -2.5% Fund 411 Foster Golf Course Year -to -Year Revenues and Transfers In by Category Category Greens Fees General Government Revenue Culture and Recreation Fees Other Income Investment Earnings Rent & Concessions Sale of Capital Assets Transfer In From General Fund r2023 Revenue through May 565,596 64,702 49 3,470 27,507 134,543 12,800 75,000 2024 Revenues through May 478,842 50,401 278 4,083 38,177 122,811 4,000 75,000 2025 Revenues through May 579,718 67,521 1,300 16,384 23,586 112,251 75,000 2025 vs 2024 100,876 17,120 1,022 12,301 (14,591) (10,560) (4,000) +21.1% +34.0% +367.6% +301% Total Expenditures and Transfers Out Revenues and Transfers In 883,667 773,592 875,760 Fund 411 Prior Year Comparisons YTD 102,168 +13.2% 200 400 600 800 1,000 1,200 Thousands ■ 2023 2024 ■ 2025 City of Tukwila Monthly Finance Report 47 85 Fund 412 Surface Water Utility Fund Overview 2025 through May Revenues Expenditures Transfers Out 2025 Total Budget Budget Variance % of Annual Budget 9,232,750 $ 2,607,727 510,186 14, 742, 267 15,103, 982 1,555,760 62.6% 17.3% 32.8% Net Revenues Less Expenditures 6,114,837 (1,917,475) % of Year Complete 41.7% 86 City of Tukwila Monthly Finance Report 48 Fund 412 Surface Water Utility Fund Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through May Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 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 11,957,541 609,052 1,419, 601 264,246 759,280 16,780 55,885 1,609,351 10,348,190 108,298 (108,298) 21,597 - 21,597 727,476 303,115 424,361 494,951 123,737 371,214 333,333 83,334 249,999 30% 26% 23.1% 13.5% 0% 42% 25% 25% Total Thousands 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 16,659,742 3,117,913 Fund 412 Expenditures and Transfers Out 2025 Expenditures YTD 2025 Total Budget 13,541,829 18.7% % of Year Complete 41.7% Revenues and Transfers In by Category Category 2025 Total Budget 2025 Revenues throu • h Ma Surface Water Sales Permits Grant Revenues Other Income Investment Earnings Total a c m m 0 -c t- 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 8,571,054 (17) 287,055 209,201 165,458 9,232,751 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 2025 Revenues YTD 2025 Total Budget 93,787 (17) (3,034,945) (2,433,799) (134,542) (5,509,516) 101.1% 8.6% 7.9% 55.2% 62.6% % of Year Complete 41.7% City of Tukwila Monthly Finance Report 49 87 Fund 412 Surface Water Utility Fund Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 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 504,437 $ 238,801 19,140 1,169,165 261,949 274,935 123,736 (83) 644,727 $ 270,052 40,044 1,317,934 92,320 260,653 288,682 123,736 117,500 609,052 $ (35,675) 264,246 (5,806) 16,780 (23,264) 1,609,351 291,417 108,298 15,978 (260,653) 303,115 14,433 123,737 1 83,334 (34,166) -5.5% -2.1% -58.1 % +22.1% +17.3% -100% +5% +0% -29% Total 2,592,080 3,155,648 3,117,913 (37,735) -1.2% Fund 412 Surface Water Utility Fund Year -to -Year Revenues and Transfers In by Category e 2023 Revenues through May 2024 Revenues through May 2025 Revenues through May 2025 vs 2024 Surface Water Sales Permits Grant Revenues Other Income Investment Earnings 7,767,167 8,091,932 8,571,054 479,122 (17) (17) 4,349 287,055 282,706 +6500.5% (63,621) 761,223 209,201 (552,022) -72.5% 91,920 196,886 165,458 (31,428) -16% +6% Total Expenditures and Transfers Out Revenues and Transfers In 7,795,466 9,054,390 9,232,751 Fund 412 Prior Year Comparisons YTD 178,361 +2.0% 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Thousands ■ 2023 2024 ■ 2025 88 City of Tukwila Monthly Finance Report 50 Fund 501 Equipment Rental Overview Revenues Expenditures Transfers Out 25 through May 2025 Total Budget Budget Variance % of Annual Budget 2,062,461 $ 1,785,898 160,964 6,223,147 5,749,503 386,308 33.1% 31.1% 41.7% Net Revenues Less Expenditures 115,599 87,336 % of Year Complete 41.7% City of Tukwila Monthly Finance Report 51 89 Fund 501 Equipment Rental Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through May Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Transfers Out - Internal Cost Allocation 519,798 237,888 790,900 1,903,717 2,297,200 386,308 190,518 92,975 375,163 747,637 379,605 160,964 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 329,280 144,913 415,737 1,156, 080 1,917,595 225,344 37% 39% 47.4% 39.3% 17% 42% Total o 7,000 -a C S 6,000 O L H 5,000 4,000 3,000 2,000 1,000 6,135,811 1,946,862 Fund 501 Expenditures and Transfers Out 2025 Expenditures YTD 2025 Total Budget 4,188,949 31.7% % of Year Complete 41.7% 1 Revenues and Transfers In by Category Category 2025 Total Budget 2025 Revenues through Ma 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 u 7,000 -o c ci 6,000 r 5,000 4,000 3,000 2,000 1,000 2,294,324 3,526,723 200,000 2,100 955,958 881,673 46,740 2,863 (1,338,366) (2,645,050) (153,260) 763 41.7% 25.0% 23.4% 136.3% 40,000 30,195 (9,805) 75.5% 160,000 145,032 (14,968) 90.6% 6,223,147 2,062,461 (4,160,686) 33.1% Fund 501 Revenues 2025 Revenues YTD 2025 Total Budget % of Year Complete 41.7% 90 City of Tukwila Monthly Finance Report 52 Fund 501 Equipment Rental Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 Salaries, Wages, & Overtime Benefits Supplies Services Land, Structures, Machinery, Equipment Transfers Out - Internal Cost Allocation 123,805 $ 63,599 249,946 297,217 12,736 145,995 165,887 82,700 298,786 623,407 130,376 153,299 190,518 $ 24,631 92,975 10,275 375,163 76,377 747,637 124,230 379,605 249,229 160,964 7,665 +14.8% +12.4% +25.6% +19.9% +191.2% +5% Total 893,298 1,454,455 1,946,862 492,407 +33.9% Fund 501 Equipment Rental Year -to -Year Revenues and Transfers In by Category ler Category 2023 Revenues through May 2024 Revenues through May 2025 Revenues through May 2025 vs 2024 $ Fleet Replacement Charges Fleet Lease Charges Fleet Repair Charges Other Income Investment Earnings Sale of Capital Assets 437,707 $ 251,430 85 79,974 153,389 516,976 $ 53,432 81,923 36,480 955,958 $ 438,982 881,673 881,673 46,740 (6,692) -12.5% 2,863 2,863 30,195 (51,728) -63% 145,032 108,552 +298% +85% Total Expenditures and Transfers Out Revenues and Transfers In 922,585 688,811 Fund 501 Prior Year Comparisons YTD 2,062,461 1,373,650 +199.4% 500 1,000 1,500 2,000 2,500 Thousands ■ 2023 2024 ■ 2025 City of Tukwila Monthly Finance Report 53 91 Fund 502 Insurance - Active Employees Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through May 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 $ 4,108,327 $ 413,306 1,158, 759 21,641 155,034 621,372 100,000 18,000 209,077 Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget 1,404,265 $ 164,454 408,607 9,805 (104,141) 79,269 286,433 27,592 4,945 87,116 2,704,062 248,852 750,152 11,836 104,141 75,765 334,939 72,408 13,055 121,961 34% 40% 35.3% 45.3% 51% 46% 28% 27% 42% Total Thousands 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 6,805,516 2,368,345 Fund 502 Expenditures and Transfers Out 2025 Expenditures YTD 2025 Total Budget 4,437,171 34.8% % of Year Complete 41.7% Revenues and Transfers In by Category Category 2025 Total Budget 2025 Revenues through May Budget Variance Budget Variance (Unfavorable) / Favorable % of Annual Budget Employer Trust Contributions Employee Voluntary Contributions Employee Mandatory Contributions Employee Benefit Program Services Investment Inerest Total ur 2 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 7,943,114 311,980 2,699,074 21,911 138,578 22 (5,244,040) 21,911 (173,402) 22 47,500 82,270 34,770 8,302,594 2,941,855 (5,360,739) Fund 502 Revenues 2025 Revenues YTD 2025 Total Budget 34.0% 44.4% 173.2% 35.4% % of Year Complete 41.7% 92 City of Tukwila Monthly Finance Report 54 Fund 502 Insurance - Active Employees Overview 2025 through May Revenues Expenditures Transfers Out 2025 Total Budget Budget Variance % of Annual Budget 2,941,855 $ 2,281,228 87,116 8,302,594 6,599,439 209,077 35.4% 34.6% 41.7% Net Revenues Less Expenditures 573,511 1,494,078 % of Year Complete 41.7% City of Tukwila Monthly Finance Report 55 93 Fund 502 Insurance - Active Employees Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 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 1,475,168 $ 181,680 385,197 8,469 1,595,392 $ 166,473 476,341 9,134 (119,788) 57,118 55,520 100,626 167,926 250 75 26,935 27,482 132 79,015 82,970 1,404,265 $ (191,127) 164,454 (2,019) 408,607 (67,734) 9,805 671 (104,141) 15,647 79,269 23,749 286,433 118,507 (75) 27,592 110 4,945 4,813 87,116 4,146 -12.0% -1.2% -14.2% +7.3% -13.1% +42.8% +70.6% -100% +0% +3646% +5% Total 2,314,458 2,461,657 2,368,345 (93,312) -3.8% Fund 502 Insurance - Active Employees Year -to -Year Revenues and Transfers In by Category Employer Trust Contributions Employee Voluntary Contributions Employee Mandatory Contributions Employee Benefit Program Services Investment Inerest 2023 Revenues through May 2024 Revenues through May $ 2,328,382 $ 35,201 36,243 78,545 2025 Revenues through May 2,594,586 $ 11,501 37,314 94,151 2025 vs 2024 $ % 2,699,074 $ 104,488 21,911 10,410 138,578 101,264 22 22 82,270 (11,881) -13% +4% +90.5% +271.4% Total Expenditures and Transfers Out Revenues and Transfers In 2,478,371 2,737,552 2,941,855 Fund 502 Prior Year Comparisons YTD 500 1.000 1,500 2,000 2,500 204,303 +7.5% 3,000 3,500 Thousands ■ 2023 2024 ■ 2025 94 City of Tukwila Monthly Finance Report 56 Fund 503 Insurance - LEOFF I Retirees Overview 2025 through May Revenues Expenditures Transfers Out 2025 Total Budget Budget Variance % of Annual Budget 170,975 $ 180,086 5,804 546,347 488,766 13,938 31.3% 36.8% 41.6% Net Revenues Less Expenditures (14,915) 43,643 % of Year Complete 41.7% City of Tukwila Monthly Finance Report 57 95 Fund 503 Insurance - LEOFF I Retirees Expenditures and Transfers Out by Category Category 2025 Total Budget 2025 Expenses through May Budget Variance (Unfavorable) / Favorable Budget Variance % 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 $ 150,000 $ 32,931 169,644 4,419 12,612 24,160 15,000 75,000 5,000 13,938 27,991 12,208 63,880 1,354 7,313 11,868 41,960 805 12,707 5,804 122,009 20,723 105,764 3,065 5,299 12,292 (26,960) 74,195 (12,707) 5,000 8,134 19% 37% 37.7% 30.6% 58% 49% 280% 1% 0% 42% Total 600 c C 0 500 s 400 300 200 100 502,704 Fund 503 Expenditures and Transfers Out 2025 Expenditures YTD 185,890 2025 Total Budget 316,814 37.0% % of Year Complete 41.7% Revenues and Transfers In by Category Category 2025 Total Budget 2025 Revenues through May Budget Variance (Unfavorable) / Favorable Budget Variance % of Annual Budget Employer Trust Contributions Investment Inerest Total ur 600 a c m 2 500 0 r H 400 300 200 100 545,833 514 546,347 Fund 503 Revenues 2025 Revenues YTD 170,780 194 170,974 2025 Total Budget (375,053) (320) (375,373) 31.3% 37.7% 31.3% % of Year Complete 41.7% 96 City of Tukwila Monthly Finance Report 58 Fund 503 Insurance - LEOFF I Retirees Year -to -Year Expenditures & Transfers Out by Category Category 2023 Expenses through May 2024 Expenses through May 2025 Expenses through May 2025 vs 2024 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 27,163 12,036 65,842 903 6,630 40,186 39,552 1,131 25,264 5,270 31,222 $ 7,916 65,872 9,590 6,290 6,967 50,929 2,061 17,998 2,000 5,532 27,991 $ (3,231) 12,208 4,292 63,880 (1,992) 1,354 (8,236) 7,313 1,023 11,868 4,901 41,960 (8,969) 805 (1,256) 12,707 (5,291) (2,000) 5,804 272 -10.3% +54.2% -3.0% -85.9% +16.3% +70.3% -17.6% -61% -29% -100% +5% Total 223,977 206,377 185,890 (20,487) -9.9% Fund 503 Insurance - LEOFF I Retirees Year -to -Year Revenues and Transfers In by Category Category Employer Trust Contributions Investment Inerest 2023 Revenues through May 2024 Revenues through May 133,188 $ 2,944 139,140 $ 2,296 2025 Revenues through May 170,780 $ 194 2025 vs 2024 0 31,640 +23% (2,102) -91.6% Total Expenditures and Transfers Out Revenues and Transfers In 136,132 141,436 Fund 503 Prior Year Comparisons YTD 170,974 50 29,538 +20.9% 100 150 200 250 Thousands ■ 2023 ■ 2024 ■ 2025 City of Tukwila Monthly Finance Report 59 97