HomeMy WebLinkAboutFIN 2025-07-28 Item 1D - Report - 2025 2nd Quarter Financial Report1
City of Tukwila Tom McLeod, Mayor
Finance Department
INFORMATIONAL MEMORANDUM
TO: Finance & Governance Committee
CC: Mayor McLeod
FROM: Tony Cullerton, Deputy Finance Director
DATE: July 28, 2025
SUBJECT: June 2025 Financial Report
Financial Overview Through June 2025
As of the end of June 2025, the City has completed 50% of the fiscal year. Overall, the City's
financial condition remains strong, with General Fund revenues and expenditures tracking close
to expectations. General Fund revenues are at 58.8% of the annual budget, while expenditures
are at 50.7%. Notable year-over-year variances exceed 5% and $50,000 and are described
below.
General Fund Revenues
General Fund revenues and transfers-in through June total $44.96 million, which is 12.2% higher
than the same period in 2024 (an increase of $4.87 million).
Business & Occupation Taxes increased 316.7% (+$1.11 million) due to full-year implementation
and updated filings. Intergovernmental Payments rose 24.0% (+$1.13 million), reflecting an
increase is state grants.
Charges for Services increased 44.9% (+$457K), due to increases in Public Safety (Mall security)
and fire Admin/Protective Inspections.
Admission Taxes rose 42.9% (+$163.6K), indicating strong performance in entertainment and
venue-related activity (K1 Speed inc, Fandango Skygroup, Seattle Rugby).
Building Permits & Rental Housing Permits rose 18.8% (+$183K), signaling continued
development activity.
Gambling Taxes declined 17.6% (-$381K), due to extended facility closures and reduced activity.
Business Licenses also decreased 7.5% (-$97.5K), potentially reflecting timing or economic
shifts.
43
2
Fund Expenditures
Through June, General Fund expenditures and transfers-out total $38.0 million, which is 5.0%
lower than the same period in 2024.
Non-Departmental Expenses increased 625.1% (+$1.76 million), related to the shift of vehicle
lease costs into this category.
Police Department expenditures increased 16.3% (+$1.94 million), due to fleet and dispatch
service costs.
Finance Department increased 20.1% (+$480K), related to insurance and software expenses.
Street Maintenance Department increased 19.8% (+$457K), and Park Maintenance increased
32.7% (+$373K), primarily due to a Tree/Landscaping Maintenance and Contracted Services
(lighting project at Crystal Springs). Public Works and Community Development also showed
increases of 11.6% and 9.3%, respectively.
Overall General Fund Expenditure decreases are mainly due to the Fire Department, which
dropped 93.7% (-$7.77 million), related to the full transition to PSRFA .
OTHER FUNDS
Special Revenue and Capital Funds
The Hotel/Motel Fund saw revenues decrease 15.6% (-$71K), primarily due to a 55.9% decline in
investment earnings. Expenditures in the fund decreased 22.1% (-$61K), driven by reduced labor
costs and service costs.
The Residential Street Fund reported a 44.4% decrease in revenues (-$126K), largely due to the
reduction in grants. and state entitlements. Expenditures were also down 47.9% (-$47K) due to
reduced capital outlay.
The Arterial Street Fund experienced a 6.8% decrease in revenues (-$198K), with reductions in
grant revenue (-60.6%) and REET (-20.5%). Expenditures declined 11.5% (-$203K), as a result
of reduced capital outlays.
Enterprise Funds and Other Operations
The Water Utility Fund reported revenue increases of 9.9% (+$365K), driven by a 9% rate
increase that was supported by the city’s utility rate study. Expenditures rose 12.6% (+$517K),
resulting from capital costs and wage growth.
The Sewer Utility Fund’s revenues increased 9.6% (+$540K), while expenditures rose 26.3%
(+1.44 million), primarily due to capital investments.
The Foster Golf Course Fund reported a strong quarter, with revenues up 31.4% (+$209K), due
to higher greens fees and other income (Pro Shop sales), while expenditures decreased 2.5% (-
$29K), indicating efficient operations.
44
3
Summary at a Glance
General Fund revenues totaled $44.96 million or 58.8% of the annual budget, up 12.2% from
2024. Business & Occupation Taxes, Charges for Services, and Admission Taxes showed strong
growth. General Fund expenditures totaled $38.0 million or 50.7% of the annual budget, down
5.0% from the prior year. Key increases were seen in Police, Finance, and Non -Departmental
costs, while the Fire Department saw a substantial decrease. Special Revenue Funds
experienced timing-related revenue shortfalls and expenditure reductions. Utility funds continue
to have a stable performance, and Foster Golf Course reported notable gains.
Summary at a Glance General Fund Performance Summary:
Revenues:
• Total: $44.96 million (58.8% of budget), up 12.2% (+$4.87 million) from 2024.
• Business & Occupation Taxes up 316.7% (+$1.11 million)
• Intergovernmental Payments up 24.0% (+$1.13 million)
• Charges for Services up 44.9% (+$457K)
• Admission Taxes up 42.9% (+$163.6K)
• Building Permits & Rental Housing Permits up 18.8% (+$183K)
• Sale of Capital Assets: $4.51 million (new in 2025)
• Gambling Taxes down 17.6% (-$381K)
• Business Licenses down 7.5% (-$97.5K)
Expenditures:
• Total: $38.0 million (50.7% of budget), down 5.0% (-$1.99 million) from 2024.
• Non-Departmental Expenses up 625.1% (+$1.76 million)
• Police Department up 16.3% (+$1.94 million)
• Finance Department up 20.1% (+$480K)
• Street Maintenance up 19.8% (+$457K)
• Park Maintenance up 32.7% (+$373K)
• Fire Department down 93.7% (-$7.77 million)
Other Key Funds of Interest – Notable Variances >5% and $50,000:
Hotel/Motel Fund (101):
• Revenues down 15.6% (-$71K)
• Expenditures down 22.1% (-$61K)
Residential Street Fund (103):
• Revenues down 44.4% (-$126K)
• Expenditures down 47.9% (-$47K)
45
4
Arterial Street Fund (104):
• Revenues down 6.8% (-$198K)
• Expenditures down 11.5% (-$203K)
Water Utility Fund (401):
• Revenues up 9.9% (+$365K)
• Expenditures up 12.6% (+$517K)
Sewer Utility Fund (402):
• Revenues up 9.6% (+$540K)
• Expenditures up 26.3% (+$1.44 million)
Foster Golf Course (411):
• Revenues up 31.4% (+$209K)
• Expenditures down 2.5% (-$29K)
Attachments:
• 2nd Quarter Report
• June Cash & Investment Data
46
Revenues 42,748,682$ 71,601,037$ 59.7%
Transfers In 2,215,258 4,836,952 45.8%
Expenditures 35,799,106 70,298,671 50.9%
Transfers Out 2,215,196 4,663,479 47.5%
Net Revenues Less Expenditures 6,949,638$ 1,475,839$
% of Year Complete
50.0%
General Fund figures include General Fund and Contingency Fund, a Sub-Fund of the General Fund
Budget Variance
% of Annual Budget
General Fund
Overview
2025 Actuals through
June 2025 Total Budget
$-
$10
$20
$30
$40
$50
$60
$70
$80
Revenues Transfers In Expenditures Transfers OutMillionsGeneral Fund Overview
Year to Date Budget
City of Tukwila Monthly Finance Report 1 47
Category 2025 Total
Budget
2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Taxes:
Property Tax 11,999,227$ 6,749,595$ (5,249,632)$ 56.3%
Sales & Use Tax 23,283,886 11,564,090 (11,719,796) 49.7%
Other Sales Taxes 1,163,100 532,795 (630,305) 45.8%
Gambling Taxes 4,349,500 1,781,450 (2,568,050) 41.0%
Business & Occupation Taxes 2,400,000 1,455,555 (944,445) 60.6%
Utility Taxes 4,493,702 2,475,342 (2,018,360) 55.1%
Interfund Utility Taxes 3,167,729 1,805,010 (1,362,719) 57.0%
Admission Taxes 859,235 545,274 (313,961) 63.5%
Leasehold Excise Tax 260,000 136,726 (123,274) 52.6%
Business Licenses 3,445,500 1,204,450 (2,241,050) 35.0%
Building Permits & Rental Housing Permits 1,985,200 1,160,829 (824,371) 58.5%
Intergovernmental Payments 5,313,474 5,846,663 533,189 110.0%
Charges for Services 2,612,121 1,474,373 (1,137,748) 56.4%
Miscellaneous Revenue 1,568,363 1,505,094 (63,269) 96.0%
Transfers In - Indirect Cost Allocation 3,111,694 1,555,846 (1,555,848) 50.0%
Transfers In From Other Funds 1,725,258 659,412 (1,065,846) 38.2%
Sale of Capital Assets 4,700,000 4,511,436 (188,564) 96.0%
Total 76,437,989$ 44,963,940$ (32,141,877)$ 58.8%
Percent of Year Complete:50.0%
General Fund Overview - Revenues and Transfers In by Category
City of Tukwila Monthly Finance Report 248
$- $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
Sale of Capital Assets
Transfers In From Other Funds
Transfers In - Indirect Cost Allocation
Miscellaneous Revenue
Charges for Services
Intergovernmental Payments
Building Permits & Rental Housing Permits
Business Licenses
Interfund Utility Taxes
Utility Taxes
Business & Occupation Taxes
Gambling Taxes
Sales & Use Tax
Property Tax
Millions
General Fund Major Revenues
Revenues and Transfers In YTD Total Budget
City of Tukwila Monthly Finance Report 349
$%
Taxes:
Property Tax 9,376,326$ 9,683,846$ 6,749,595$ (2,934,251)$ -30.3%
Sales & Use Tax 10,620,212 11,598,122 11,564,090 (34,032) -0.3%
Other Sales Taxes 585,459 535,463 532,795 (2,668) -0.5%
Gambling Taxes 2,334,179 2,162,616 1,781,450 (381,166) -17.6%
Business & Occupation Taxes - 349,284 1,455,555 1,106,271 +316.7%
Utility Taxes 2,288,456 2,360,365 2,475,342 114,977 +4.9%
Interfund Utility Taxes 1,608,724 1,672,580 1,805,010 132,430 +7.9%
Admission Taxes 444,385 381,681 545,274 163,593 +42.9%
Leasehold Excise Tax 121,273 128,894 136,726 7,832 +6.1%
Business Licenses 1,339,496 1,301,930 1,204,450 (97,480) -7.5%
Building Permits & Rental Housing Permits 1,130,249 977,405 1,160,829 183,424 +18.8%
Intergovernmental Payments 2,858,673 4,716,396 5,846,663 1,130,267 +24.0%
Charges for Services 1,295,313 1,017,801 1,474,373 456,572 +44.9%
Miscellaneous Revenue 800,202 1,497,507 1,505,094 7,587 +0.5%
Transfers In - Indirect Cost Allocation 1,411,206 1,481,763 1,555,846 74,083 +5.0%
Transfers In From Other Funds - 225,891 659,412 433,521 +191.9%
Sale of Capital Assets - - 4,511,436 4,511,436 -
Total 36,214,153$ 40,091,544$ 44,963,940$ 4,872,396$ +12.2%
General Fund: Year-to-Year Revenues and Transfers In
2025 vs 20242024 Revenues
Through June
2025 Revenues
through JuneCategory2023 Revenues
Through June
City of Tukwila Monthly Finance Report 450
$- $1 $2 $3 $4 $5 $6 $7 $8 $9 $10 $11 $12 $13
Sale of Capital Assets
Transfers In From Other Funds
Transfers In - Indirect Cost Allocation
Miscellaneous Revenue
Charges for Services
Intergovernmental Payments
Building Permits & Rental Housing Permits
Business Licenses
Interfund Utility Taxes
Utility Taxes
Business & Occupation Taxes
Gambling Taxes
Sales & Use Tax
Property Tax
Millions
General Fund Major Revenues Prior Year Comparisons YTD
2023 2024 2025
City of Tukwila Monthly Finance Report 551
Department 2025 Total Budget 2025 Expenses through
June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
City Council 400,093$ 185,339$ 214,754$ 46.3%
Mayor's Office 9,748,218 4,356,475 5,391,743 44.7%
Finance Department 4,343,230 2,864,900 1,478,330 66.0%
Community Development (DCD)5,732,921 2,559,532 3,173,389 44.6%
Municipal Court 2,329,525 1,084,097 1,245,428 46.5%
Police Department 28,411,330 13,902,343 14,508,987 48.9%
Fire Department 1,398,192 523,740 874,452 37.5%
Recreation Department 4,110,113 1,613,058 2,497,055 39.2%
Park Maintenance Dept 2,659,037 1,512,459 1,146,578 56.9%
Public Works Dept 4,977,693 2,386,638 2,591,055 47.9%
Street Maintenance Dept 4,761,271 2,763,290 1,997,981 58.0%
Non-Departmental
Expenses 1,427,046 2,047,235 (620,189) 143.5%
Transfers Out - Debt Service 3,692,390 1,846,196 1,846,194 50.0%
Transfers Out to Other Funds 971,089 369,000 602,089 38.0%
Total 74,962,148$ 38,014,302$ 36,947,846$ 50.7%
Percent of Year Complete:50.0%
General Fund Overview - Expenditures & Transfers Out by Department
City of Tukwila Monthly Finance Report 652
$-
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
ThousandsGeneral Fund Expenditures and Transfers Out by Department
Expenditures and Transfers Out YTD Total Budget
City of Tukwila Monthly Finance Report 753
$%
City Council 187,650$ 198,798$ 185,339$ (13,459)$ -6.8%
Mayor's Office 3,772,250 4,143,728 4,356,475 212,747 +5.1%
Finance Department 1,694,394 2,384,934 2,864,900 479,966 +20.1%
Community Development (DCD)2,174,326 2,341,460 2,559,532 218,072 +9.3%
Municipal Court 821,248 1,006,528 1,084,097 77,569 +7.7%
Police Department 10,260,103 11,958,169 13,902,343 1,944,174 +16.3%
Fire Department 7,518,435 8,291,980 523,740 (7,768,240) -93.7%
Recreation Department 1,388,171 1,511,118 1,613,058 101,940 +6.7%
Park Maintenance Dept 999,112 1,139,733 1,512,459 372,726 +32.7%
Public Works Dept 2,086,555 2,137,880 2,386,638 248,758 +11.6%
Street Maintenance Dept 2,063,666 2,305,904 2,763,290 457,386 +19.8%
Non-Departmental
Expenses1 491,402 282,321 2,047,235 1,764,914 +625.1%
Transfers Out - Debt Service 2,374,914 2,103,172 1,846,196 (256,976) -12.2%
Transfers Out to Other Funds 150,000 194,660 369,000 174,340 +89.6%
Total 35,982,226$ 40,000,385$ 38,014,302$ (1,986,083)$ -5%
Notes:
1In 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
General Fund Overview - Year-to-Year Expenditures & Transfers Out by Department
2024 Expenses through
June
2025 Expenses through
JuneCategory 2025 vs 20242023 Expenses through
June
City of Tukwila Monthly Finance Report 854
$-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
ThousandsGeneral Fund Expenditures by Department Prior Year Comparions YTD
2023 2024 2025
City of Tukwila Monthly Finance Report 955
Category 2025 Total Budget 2025 Expenses through June Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Salaries, Wages, & Overtime 33,466,376$ 15,900,942$ 17,565,434$ 47.5%
Benefits 12,851,718 5,879,419 6,972,299 45.7%
Supplies 1,640,914 670,031 970,883 40.8%
Services 22,109,457 12,629,199 9,480,258 57.1%
Land, Structures, Machinery, Equipment 200,000 719,514 (519,514) 359.8%
Other Expenditures 30,205 - 30,205 0.0%
Transfers Out - Debt Service 3,692,390 1,846,196 1,846,194 50.0%
Transfers Out to Other Funds 971,089 369,000 602,089 38.0%
Total 74,962,149$ 38,014,301$ $36,947,848 50.7%
Percent of Year Complete:50.0%
General Fund Overview - Expenditures by Category
$-
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
Salaries, Wages, &
Overtime
Benefits Supplies Services Land, Structures,
Machinery, Equipment
Other Expenditures Transfers Out - Debt
Service
Transfers Out to Other
FundsThousandsGeneral Fund Expenditures and Transfers Out by Category
Expenditures and Transfers Out YTD 2025 Total Budget
City of Tukwila Monthly Finance Report 1056
$%
Salaries, Wages, & Overtime 12,552,264$ 14,419,283$ 15,900,942$ 1,481,659$ +10.3%
Benefits 4,936,374 5,335,668 5,879,419 543,751 +10.2%
Supplies 686,663 615,379 670,031 54,652 +8.9%
Services 15,277,782 17,106,330 12,629,199 (4,477,131) -26.2%
Services excluding PSRFA Fire Contract 8,715,483 9,873,696 12,629,199 2,755,503 +27.9%
Land, Structures, Machinery, Equipment 4,230 225,891 719,514 493,623 +218.5%
Other Expenditures - - - - -
Transfers Out - Debt Service 2,374,914 2,103,172 1,846,196 (256,976) -12.2%
Transfers Out to Other Funds 150,000 194,660 369,000 174,340 +89.6%
Total 35,982,227$ 40,000,383$ 38,014,301$ (1,986,082)$ -5.0%
General Fund: Year-to-Year Expenditures & Transfers Out by Category
Category 2024 Expenses through
June
2025 Expenses through
June
2025 vs 20242023 Expenses through
June
$-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
Salaries, Wages, &
Overtime
Benefits Supplies Services Services excluding
PSRFA Fire Contract
Land, Structures,
Machinery, Equipment
Other Expenditures Transfers Out - Debt
Service
Transfers Out to Other
FundsThousandsGeneral Fund Expenditures by Category Prior Year Comparions YTD
2023 2024 2025
City of Tukwila Monthly Finance Report 1157
Revenues 384,330$ 897,750$ 42.8%
Expenditures 200,374 992,204 20.2%
Transfers Out 14,605 29,209 50.0%
Net Revenues Less Expenditures 169,351$ (123,663)$
% of Year Complete
50.0%
Fund 101 Hotel/Motel Special Revenue Fund
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 1258
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Salaries, Wages, & Overtime 51,393$ 25,957$ 25,436$ 50.5%
Benefits 20,561 5,775 14,786 28.1%
Supplies 3,000 - 3,000 0.0%
Services 917,250 168,642 748,608 18.4%
Transfers Out - Internal Cost Allocation 29,209 14,605 14,604 50.0%
Total 1,021,413$ 214,979$ $806,434 21.0%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Hotel/Motel Tax 850,000$ 349,786$ (500,214)$ 41.2%
Investment Earnings 47,750 34,544 (13,206) 72.3%
Total 897,750$ 384,330$ (513,420)$ 42.8%
% of Year Complete
50.0%
Fund 101 Hotel/Motel Special Revenue Fund
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$200
$400
$600
$800
$1,000
$1,200
2025 Expenditures YTD 2025 Total BudgetThousandsFund 101 Expenditures
$-
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
2025 Revenues YTD 2025 Total BudgetThousandsFund 101 Revenues
City of Tukwila Monthly Finance Report 13 59
$%
Salaries, Wages, & Overtime 35,129$ 45,962$ 25,957$ (20,005)$ -43.5%
Benefits 8,863 10,715 5,775 (4,940) -46.1%
Services 130,497 205,262 168,642 (36,620) -17.8%
Transfers Out - Internal Cost Allocation 13,248 13,910 14,605 695 +5.0%
Total 187,891$ 275,849$ 214,979$ (60,870)$ -22.1%
$%
Hotel/Motel Tax 384,699$ 377,063$ 349,786$ (27,277)$ -7.2%
Investment Earnings 54,688 78,348 34,544 (43,804) -55.9%
Total 439,387$ 455,411$ 384,330$ (71,081)$ -15.6%
Fund 101 Hotel/Motel Special Revenue Fund
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
Fund 101 Hotel/Motel Special Revenue Fund
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
$- $50 $100 $150 $200 $250 $300 $350 $400 $450 $500
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 101 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 1460
Revenues 158,403$ 1,130,000$ 14.0%
Expenditures 51,098 850,000 6.0%
Net Revenues Less Expenditures 107,305$ 280,000$
% of Year Complete
50.0%
Budget Variance
% of Annual Budget
Fund 103 Residential Street Fund
Overview
2025 through June 2025 Total Budget
City of Tukwila Monthly Finance Report 15 61
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Supplies -$ 5,266$ (5,266)$ -
Services 850,000 45,832 804,168 5.4%
Total 850,000$ 51,098$ 798,902$ 6.0%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Utility Taxes 100,000$ -$ (100,000)$ 0.0%
Grant Revenues 724,000 - (724,000) 0.0%
State Entitlements 280,000 128,302 (151,698) 45.8%
Investment Earnings 26,000 30,101 4,101 115.8%
Total 1,130,000$ 158,403$ (971,597)$ 14.0%
% of Year Complete
50.0%
Fund 103 Residential Street Fund
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$100
$200
$300
$400
$500
$600
$700
$800
$900
2025 Expenditures YTD 2025 Total BudgetThousandsFund 103 Expenditures
$-
$200
$400
$600
$800
$1,000
$1,200
2025 Revenues YTD 2025 Total BudgetThousandsFund 103 Revenues
City of Tukwila Monthly Finance Report 1662
$%
Salaries, Wages, & Overtime 7,715$ 1,935$ -$ (1,935)$ -100.0%
Benefits 4,892 868 - (868) -100.0%
Supplies - 14,528 5,266 (9,262) -63.8%
Services 267,501 52,939 45,832 (7,107) -13.4%
Land, Structures, Machinery, Equipment - 27,762 - (27,762) -100.0%
Total 280,108$ 98,032$ 51,098$ (46,934)$ -47.9%
$%
Grant Revenues -$ 70,797$ -$ (70,797)$ -100.0%
State Entitlements 139,661 136,516 128,302 (8,214) -6.0%
Investment Earnings 13,828 32,843 30,101 (2,742) -8.3%
Transfers In - 44,660 - (44,660) -100.0%
Total 153,489$ 284,816$ 158,403$ (126,413)$ -44.4%
Fund 103 Residential Street Fund
Year-to-Year Revenues and Transfers In by Category
Category 2024 Revenues
through June
2025 Revenues
through June
2025 vs 20242023 Revenues
through June
Fund 103 Residential Street Fund
Year-to-Year Expenditures & Transfers Out by Category
Category 2024 Expenses
through June
2025 Expenses
through June
2025 vs 20242023 Expenses
through June
$- $50 $100 $150 $200 $250 $300
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 103 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 17 63
Revenues 2,729,087$ 5,586,001$ 48.9%
Expenditures 1,563,642 7,636,726 20.5%
Net Revenues Less Expenditures 1,165,445$ (2,050,725)$
% of Year Complete
50.0%
Fund 104 Arterial Street Fund
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 1864
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Salaries, Wages, & Overtime 793,142$ 320,458$ 472,684$ 40%
Benefits 312,185 111,656 200,529 36%
Supplies 23,200 63,558 (40,358) 274.0%
Services 6,508,200 630,244 5,877,956 9.7%
Land, Structures, Machinery, Equipment - 437,726 (437,726) -
Total 7,636,727$ 1,563,642$ 6,073,085$ 20.5%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Utility Taxes 1,320,000$ 776,873$ (543,127)$ 58.9%
Parking Tax 800,000 411,112 (388,888) 51.4%
Real Estate Excise Tax (REET)500,000 296,288 (203,712) 59.3%
Permits 1 - (1) 0.0%
Franchise Fees 450,000 235,241 (214,759) 52.3%
Grant Revenues 2,026,000 299,270 (1,726,730) 14.8%
State Entitlements 135,000 66,248 (68,752) 49.1%
General Government Revenue - 360 360 -
Traffic Impact Fees 200,000 390,734 190,734 195.4%
Fines and Penalties 2,000 562 (1,438) 28.1%
Other Income 80,000 113,200 33,200 141.5%
Investment Earnings 73,000 139,199 66,199 190.7%
Total 5,586,001$ 2,729,087$ (2,856,914)$ 48.9%
% of Year Complete
50.0%
Fund 104 Arterial Street Fund
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
2025 Expenditures YTD 2025 Total BudgetThousandsFund 104 Expenditures
$-
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
2025 Revenues YTD 2025 Total BudgetThousandsFund 104 Revenues
City of Tukwila Monthly Finance Report 19 65
$%
Salaries, Wages, & Overtime 189,193$ 249,979$ 320,458$ 70,479$ +28.2%
Benefits 67,098 85,565 111,656 26,091 +30.5%
Supplies 86,680 749 63,558 62,809 +8385.7%
Services 437,658 561,649 630,244 68,595 +12.2%
Land, Structures, Machinery, Equipment 1,161,096 868,390 437,726 (430,664) -49.6%
Total 1,941,725$ 1,766,332$ 1,563,642$ (202,690)$ -11.5%
$%
Utility Taxes 632,612$ 778,550$ 776,873$ (1,677)$ -0%
Parking Tax 386,269 432,912 411,112 (21,800) -5.0%
Real Estate Excise Tax (REET)107,072 372,709 296,288 (76,421) -20.5%
Permits 797 2 - (2) -100.0%
Franchise Fees - 177,890 235,241 57,351 +32.2%
Grant Revenues 55,049 758,800 299,270 (459,530) -60.6%
State Entitlements 71,662 70,148 66,248 (3,900) -5.6%
General Government Revenue - 140 360 220 +157.1%
Traffic Impact Fees 145,581 132,114 390,734 258,620 +195.8%
Fines and Penalties 10,655 1,119 562 (557) -49.8%
Other Income 115,334 44,600 113,200 68,600 +153.8%
Investment Earnings 121,669 158,566 139,199 (19,367) -12.2%
Total 1,646,700$ 2,927,550$ 2,729,087$ (198,463)$ -6.8%
Fund 104 Arterial Street Fund
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
Fund 104 Arterial Street Fund
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
$- $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 104 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 2066
Revenues 8,794$ 98,100$ 9.0%
Expenditures 52,798 73,000 72.3%
Net Revenues Less Expenditures (44,004)$ 25,100$
% of Year Complete
50.0%
Fund 109 Drug Seizure Fund
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 21 67
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Supplies 36,000$ 32,968$ 3,032$ 91.6%
Services 37,000 19,830 17,170 53.6%
Total 73,000$ 52,798$ 20,202$ 72.3%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Intergovernmental Revenue 35,000$ 8,794$ (26,206)$ 25.1%
Other Income 60,000 - (60,000) 0.0%
Investment Earnings 3,100 - (3,100) 0.0%
Total 98,100$ 8,794$ (89,306)$ 9.0%
% of Year Complete
50.0%
Fund 109 Drug Seizure Fund
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$10
$20
$30
$40
$50
$60
$70
$80
2025 Expenditures YTD 2025 Total BudgetThousandsFund 109 Expenditures
$-
$20
$40
$60
$80
$100
$120
2025 Revenues YTD 2025 Total BudgetThousandsFund 109 Revenues
City of Tukwila Monthly Finance Report 2268
$%
Supplies 11,423$ 4,570$ 32,968$ 28,398$ +621.4%
Services 22,822 17,149 19,830 2,681 +15.6%
Total 34,245$ 21,719$ 52,798$ 31,079$ +143.1%
$%
Intergovernmental Revenue 77,060$ -$ 8,794$ 8,794$ -
Total 77,060$ -$ 8,794$ 8,794$ -
Fund 109 Drug Seizure Fund
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
Fund 109 Drug Seizure Fund
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
- 10 20 30 40 50 60 70 80 90
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 109 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 23 69
Revenues 1,491,571$ 2,841,300$ 52.5%
Expenditures 378,169 2,431,000 15.6%
Transfers Out - 652,605 0.0%
Net Revenues Less Expenditures 1,113,402$ (242,305)$
% of Year Complete
50.0%
Fund 301 Land Acq., Rec. & Park Development
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 2470
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Supplies 30,000$ -$ 30,000$ 0.0%
Services 1,876,000 374,259 1,501,741 19.9%
Land, Structures, Machinery, Equipment 525,000 3,910 521,090 1%
Transfers Out to Other Funds 652,605 - 652,605 0%
Total 3,083,605$ 378,169$ 2,705,436$ 12.3%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Property Tax 207,800$ 138,193$ (69,607)$ 66.5%
Real Estate Excise Tax (REET)500,000 - (500,000) 0.0%
Grant Revenues 1,976,000 1,249,810 (726,190) 63.2%
Park Impact Fees 100,000 17,515 (82,485) 17.5%
Investment Earnings 57,500 86,053 28,553 149.7%
Total 2,841,300$ 1,491,571$ (1,349,729)$ 52.5%
% of Year Complete
50.0%
Fund 301 Land Acq., Rec. & Park Development
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
2025 Expenditures YTD 2025 Total BudgetThousandsFund 301 Expenditures
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
2025 Revenues YTD 2025 Total BudgetThousandsFund 301 Revenues
City of Tukwila Monthly Finance Report 25 71
$%
Services 82,680$ 352,472$ 374,259$ 21,787$ +6.2%
Land, Structures, Machinery, Equipment - - 3,910 3,910 -
Total 129,250$ 352,472$ 378,169$ 25,697$ +7.3%
$%
Property Tax 128,923$ 133,701$ 138,193$ 4,492$ +3%
Real Estate Excise Tax (REET)36,224 - - - -
Grant Revenues - - 1,249,810 1,249,810 -
Park Impact Fees 33,733 24,924 17,515 (7,409) -29.7%
Investment Earnings 74,344 110,436 86,053 (24,383) -22%
Total 273,224$ 269,061$ 1,491,571$ 1,222,510$ +454.4%
Fund 301 Land Acq., Rec. & Park Development
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
Fund 301 Land Acq., Rec. & Park Development
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
$- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 301 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 2672
Revenues 5,711$ 1,000$ 571.1%
Transfers In 219,000 438,000 50.0%
Expenditures - 538,000 0.0%
Net Revenues Less Expenditures 224,711$ (99,000)$
% of Year Complete
50.0%
Fund 303 General Government Improvements
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 27 73
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Services 538,000$ - 538,000$ 0.0%
Total 538,000$ - $538,000 0.0%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Investment Earnings 1,000$ 5,711$ 4,711$ 571.1%
Transfer In From General Fund 438,000 219,000 (219,000) 50%
Total 439,000$ 224,711$ $(214,289)51.2%
% of Year Complete
50.0%
Fund 303 General Government Improvements
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$100
$200
$300
$400
$500
$600
2025 Expenditures YTD 2025 Total BudgetThousandsFund 303 Expenditures
$-
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
2025 Revenues YTD 2025 Total BudgetThousandsFund 303 Revenues
City of Tukwila Monthly Finance Report 2874
$%
Services 133,850$ 1,146$ -$ (1,146)$ -100.0%
Total 133,850$ 1,146$ -$ (1,146)$ -100.0%
$%
Investment Earnings 11,781$ 11,610$ 5,711$ (5,899)$ -51%
Transfer In From General Fund - - 219,000 219,000 -
Total 11,781$ 11,610$ 224,711$ 213,101$ +1835.5%
Fund 303 General Government Improvements
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
Fund 303 General Government Improvements
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
$- $50 $100 $150 $200 $250
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 303 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 29 75
Revenues 16,592$ 600,000$ 2.8%
Transfers Out - 600,000 0.0%
Net Revenues Less Expenditures 16,592$ -$
% of Year Complete
50.0%
Fund 304 Fire Improvements
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 3076
Category 2025 Total Budget 2025 Transfers Out
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Transfers Out to Other Funds 600,000$ -$ 600,000$ 0%
Total 600,000$ -$ $600,000 0.0%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Fire Impact Fees 600,000$ 16,592$ (583,408)$ 2.8%
Total 600,000$ 16,592$ $(583,408)2.8%
% of Year Complete
50.0%
Fund 304 Fire Improvements
Transfers Out
Revenues and Transfers In by Category
$-
$100
$200
$300
$400
$500
$600
$700
2025 Expenditures YTD 2025 Total BudgetThousandsFund 304 Transfers Out
$-
$100
$200
$300
$400
$500
$600
$700
2025 Revenues YTD 2025 Total BudgetThousandsFund 304 Revenues
City of Tukwila Monthly Finance Report 31 77
$%
Transfers Out to Other Funds -$ -$ -$ -$ -
Total -$ -$ -$ -$ -
$%
Fire Impact Fees 19,852$ 14,812$ 16,592$ 1,780$ +12.0%
Total 19,852$ 14,812$ 16,592$ 1,780$ +12.0%
Fund 304 Fire Improvements
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
Fund 304 Fire Improvements
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
$- $5 $10 $15 $20 $25
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 304 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 3278
Revenues 323,481$ 15,000$ 2156.5%
Transfers In - 1,100,000 0.0%
Transfers Out 659,412 1,318,824 50.0%
Net Revenues Less Expenditures (335,931)$ (203,824)$
% of Year Complete
50.0%
Fund 305 Public Safety Plan
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 33 79
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Transfers Out to Other Funds 1,318,824$ 659,412$ 659,412$ 50%
Total 1,318,824$ 659,412$ $659,412 50%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Real Estate Excise Tax (REET)-$ 296,288$ 296,288$ -
Investment Earnings 15,000 27,193 12,193 181.3%
Transfers In 1,100,000 - (1,100,000) 0%
Total 1,115,000$ 323,481$ $(791,519)29.0%
% of Year Complete
50.0%
Fund 305 Public Safety Plan
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
2025 Expenditures YTD 2025 Total BudgetThousandsFund 305 Expenditures
$-
$200
$400
$600
$800
$1,000
$1,200
2025 Revenues YTD 2025 Total BudgetThousandsFund 305 Revenues
City of Tukwila Monthly Finance Report 3480
$%
Transfers Out to Other Funds -$ -$ 659,412$ 659,412 -
Total -$ -$ 659,412$ 659,412 -
$%
Real Estate Excise Tax (REET)70,848$ 372,709$ 296,288$ (76,421)$ -20.5%
Investment Earnings 23,468 31,148 27,193 (3,955) -13%
Total 94,316$ 403,857$ 323,481$ (80,376)$ -19.9%
Fund 305 Public Safety Plan
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
Fund 305 Public Safety Plan
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
$- $100 $200 $300 $400 $500 $600 $700
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 305 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 35 81
Revenues -$ 846,937$ 0.0%
Transfers In 500,001 1,000,000 50.0%
Expenditures 48,122 1,000,000 4.8%
Net Revenues Less Expenditures 451,879$ 846,937$
% of Year Complete
50.0%
Fund 306 City Facilities
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 3682
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Services 1,000,000$ 48,122$ 951,878$ 4.8%
Total 1,000,000$ 48,122$ $951,878 4.8%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Investment Earnings 5,000$ -$ (5,000)$ 0.0%
Rent & Concessions 841,937 - (841,937) 0.0%
Transfers In 1,000,000 500,001 (499,999) 50%
Total 1,846,937$ 500,001$ $ (1,346,936)27.1%
% of Year Complete
50.0%
Fund 306 City Facilities
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$200
$400
$600
$800
$1,000
$1,200
2025 Expenditures YTD 2025 Total BudgetThousandsFund 306 Expenditures
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
2025 Revenues YTD 2025 Total BudgetThousandsFund 306 Revenues
City of Tukwila Monthly Finance Report 37 83
$%
Services 82,434$ 1,238,872$ 48,122$ (1,190,750)$ -96.1%
Land, Structures, Machinery, Equipment 1,320,579 808 - (808) -100.0%
Total 1,410,923$ 1,239,680$ 48,122$ (1,191,558)$ -96.1%
$%
Investment Earnings 24,163$ 13,602$ -$ (13,602)$ -100.0%
Rent & Concessions - - - - -
Transfers In - 500,000 500,001 1 +0%
Total 24,163$ 598,352$ 500,001$ (98,351)$ -16.4%
Fund 306 City Facilities
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
Fund 306 City Facilities
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
$- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 306 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 3884
Revenues 4,062,967$ 11,341,356$ 35.8%
Expenditures 3,871,458 10,493,596 36.9%
Transfers Out 753,809 1,507,615 50.0%
Net Revenues Less Expenditures (562,300)$ (659,855)$
% of Year Complete
50.0%
Fund 401 Water Utility Fund
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 39 85
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Salaries, Wages, & Overtime 957,112$ 445,345$ 511,767$ 47%
Benefits 538,827 188,129 350,698 35%
Supplies 3,105,196 1,815,951 1,289,245 58.5%
Services 5,677,288 967,576 4,709,712 17.0%
Land, Structures, Machinery, Equipment - 453,399 (453,399) -
Other Expenditures 215,173 1,058 214,115 0.5%
Transfers Out - Internal Cost Allocation 816,232 408,118 408,114 50%
Transfers Out - Debt Service 358,050 179,024 179,026 50%
Transfers Out to Other Funds 333,333 166,667 166,666 50%
Total 12,001,211$ 4,625,267$ $7,375,944 38.5%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Water Sales 9,239,856$ 4,023,112$ (5,216,744)$ 43.5%
Security Revenue - (13,854) (13,854) -
Other Income 1,500 10,139 8,639 675.9%
Investment Earnings 100,000 43,570 (56,430) 43.6%
Bond Proceeds 2,000,000 - (2,000,000) 0%
Total 11,341,356$ 4,062,967$ $ (7,278,389)35.8%
% of Year Complete
50.0%
Fund 401 Water Utility Fund
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
2025 Expenditures YTD 2025 Total BudgetThousandsFund 401 Expenditures and Transfers Out
$-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
2025 Revenues YTD 2025 Total BudgetThousandsFund 401 Revenues
City of Tukwila Monthly Finance Report 4186
$%
Salaries, Wages, & Overtime 347,413$ 386,756$ 445,345$ 58,589$ +15.1%
Benefits 155,331 186,610 188,129 1,519 +0.8%
Supplies 1,707,060 1,741,261 1,815,951 74,690 +4.3%
Services 1,073,189 917,014 967,576 50,562 +5.5%
Land, Structures, Machinery, Equipment - 56,065 453,399 397,334 +708.7%
Other Expenditures 83,493 82,596 1,058 (81,538) -99%
Transfers Out - Internal Cost Allocation 370,176 388,684 408,118 19,434 +5%
Transfers Out - Debt Service 179,023 179,023 179,024 1 +0%
Transfers Out to Other Funds (121) 170,000 166,667 (3,333) -2%
Total 3,915,564$ 4,108,009$ 4,625,267$ 517,258$ +12.6%
$%
Water Sales 3,446,861$ 3,602,100$ 4,023,112$ 421,012$ +12%
Security Revenue 6,149 6,243 (13,854) (20,097) -321.9%
Other Income 5,491 5,563 10,139 4,576 +82.3%
Investment Earnings 88,769 83,683 43,570 (40,113) -48%
Total 3,547,270$ 3,697,589$ 4,062,967$ 365,378$ +9.9%
Fund 401 Water Utility Fund
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
Fund 401 Water Utility Fund
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
$- $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 $5,000
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 401 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 41 87
Revenues 5,636,169$ 12,527,105$ 45.0%
Expenditures 6,501,591 16,129,584 40.3%
Transfers Out 610,542 1,221,086 50.0%
Net Revenues Less Expenditures (1,475,964)$ (4,823,565)$
% of Year Complete
50.0%
Fund 402 Sewer Utility Fund
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 4288
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Salaries, Wages, & Overtime 666,584$ 373,652$ 292,932$ 56%
Benefits 482,884 163,136 319,748 34%
Supplies 6,214,355 2,830,737 3,383,618 45.6%
Services 8,611,358 1,087,071 7,524,287 12.6%
Land, Structures, Machinery, Equipment - 2,001,650 (2,001,650) -
Other Expenditures 154,403 45,345 109,058 29%
Transfers Out - Internal Cost Allocation 687,666 343,830 343,836 50%
Transfers Out - Debt Service 200,087 100,045 100,042 50%
Transfers Out to Other Funds 333,333 166,667 166,666 50%
Total 17,350,670$ 7,112,133$ $ 10,238,537 41.0%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Sewer Sales 12,127,105$ 5,443,217$ (6,683,888)$ 44.9%
Other Income - 43,869 43,869 -
Investment Earnings 400,000 149,083 (250,917) 37.3%
Total 12,527,105$ 5,636,169$ $ (6,890,936)45.0%
% of Year Complete
50.0%
Fund 402 Sewer Utility Fund
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
$20,000
2025 Expenditures YTD 2025 Total BudgetThousandsFund 402 Expenditures and Transfers Out
$-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
2025 Revenues YTD 2025 Total BudgetThousandsFund 402 Revenues
City of Tukwila Monthly Finance Report 43 89
$%
Salaries, Wages, & Overtime 419,811$ 550,189$ 373,652$ (176,537)$ -32.1%
Benefits 182,191 230,558 163,136 (67,422) -29.2%
Supplies 2,056,672 2,635,651 2,830,737 195,086 +7.4%
Services 860,570 1,139,209 1,087,071 (52,138) -4.6%
Land, Structures, Machinery, Equipment - - 2,001,650 2,001,650 -
Other Expenditures 242,333 239,987 45,345 (194,642) -81%
Transfers Out - Internal Cost Allocation 311,868 327,458 343,830 16,372 +5%
Transfers Out - Debt Service 100,042 100,042 100,045 3 +0%
Transfers Out to Other Funds (67) 95,000 166,667 71,667 +75%
Total 4,173,420$ 5,318,094$ 7,112,133$ 1,794,039$ +33.7%
$%
Sewer Sales 4,859,923$ 5,028,180$ 5,443,217$ 415,037$ +8%
Other Income 23,391 4,667 43,869 39,202 +840.0%
Investment Earnings 229,411 250,107 149,083 (101,024) -40.4%
Total 5,112,725$ 5,282,954$ 5,636,169$ 353,215$ +6.7%
Fund 402 Sewer Utility Fund
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
Fund 402 Sewer Utility Fund
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
$- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 402 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 4490
Revenues 1,235,279$ 2,487,500$ 49.7%
Transfers In 150,000 300,000 50.0%
Expenditures 1,264,602 2,719,666 46.5%
Transfers Out 120,894 241,788 50.0%
Net Revenues Less Expenditures (217)$ (173,954)$
% of Year Complete
50.0%
Fund 411 Foster Golf Course
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 45 91
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Salaries, Wages, & Overtime 1,077,911$ 520,469$ 557,442$ 48%
Benefits 395,385 205,123 190,262 52%
Supplies 362,145 261,318 100,827 72.2%
Services 360,225 227,362 132,863 63.1%
Land, Structures, Machinery, Equipment 524,000 50,330 473,670 10%
Transfers Out - Internal Cost Allocation 241,788 120,894 120,894 50%
Total 2,961,454$ 1,385,496$ $1,575,958 46.8%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Gambling & Excise Taxes 3,000$ -$ (3,000)$ 0.0%
Greens Fees 1,610,000 906,427 (703,573) 56.3%
General Government Revenue 165,000 97,161 (67,839) 58.9%
Culture and Recreation Fees 5,000 2,197 (2,803) 43.9%
Other Income 11,000 18,474 7,474 167.9%
Investment Earnings 60,000 27,165 (32,835) 45.3%
Rent & Concessions 633,500 183,855 (449,645) 29.0%
Transfer In From General Fund 300,000 150,000 (150,000) 50%
Total 2,787,500$ 1,385,279$ $ (1,402,221)49.7%
% of Year Complete
50.0%
Fund 411 Foster Golf Course
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
2025 Expenditures YTD 2025 Total BudgetThousandsFund 411 Expenditures and Transfers Out
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
2025 Revenues YTD 2025 Total BudgetThousandsFund 411 Revenues and Transfers In
City of Tukwila Monthly Finance Report 4692
$%
Salaries, Wages, & Overtime 402,594$ 459,984$ 520,469$ 60,485$ +13.1%
Benefits 181,133 188,739 205,123 16,384 +8.7%
Supplies 260,262 172,078 261,318 89,240 +51.9%
Services 285,830 346,394 227,362 (119,032) -34.4%
Land, Structures, Machinery, Equipment - 51,632 50,330 (1,302) -2.5%
Transfers Out - Internal Cost Allocation 109,656 115,134 120,894 5,760 +5%
Total 1,239,475$ 1,333,961$ 1,385,496$ 51,535$ +3.9%
$%
Greens Fees 836,484$ 771,868$ 906,427$ 134,559$ +17.4%
General Government Revenue 89,247 71,377 97,161 25,784 +36.1%
Culture and Recreation Fees 197 754 2,197 1,443 +191.4%
Other Income 21,025 5,684 18,474 12,790 +225%
Investment Earnings 33,269 45,193 27,165 (18,028) -40%
Rent & Concessions 205,280 188,778 183,855 (4,923) -3%
Sale of Capital Assets 12,800 4,000 - (4,000) -100%
Transfer In From General Fund 150,000 150,000 150,000 - 0%
Total 1,348,302$ 1,237,654$ 1,385,279$ 147,625$ +11.9%
Fund 411 Foster Golf Course
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
Fund 411 Foster Golf Course
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
$1,150 $1,200 $1,250 $1,300 $1,350 $1,400
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 411 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 47 93
Revenues 9,286,239$ 14,742,267$ 63.0%
Expenditures 3,506,135 15,103,982 23.2%
Transfers Out 777,880 1,555,760 50.0%
Net Revenues Less Expenditures 5,002,224$ (1,917,475)$
% of Year Complete
50.0%
Fund 412 Surface Water Utility Fund
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 4894
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Salaries, Wages, & Overtime 2,028,653$ 834,922$ 1,193,731$ 41%
Benefits 1,023,526 334,674 688,852 33%
Supplies 72,665 21,891 50,774 30.1%
Services 11,957,541 2,202,556 9,754,985 18.4%
Land, Structures, Machinery, Equipment - 111,604 (111,604) -
Other Expenditures 21,597 488 21,109 2%
Transfers Out - Internal Cost Allocation 727,476 363,738 363,738 50%
Transfers Out - Debt Service 494,951 247,475 247,476 50%
Transfers Out to Other Funds 333,333 166,667 166,666 50%
Total 16,659,742$ 4,284,015$ $ 12,375,727 25.7%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Surface Water Sales 8,477,267$ 8,571,054$ 93,787$ 101.1%
Permits - (17) (17) -
Grant Revenues 3,322,000 290,647 (3,031,353) 8.7%
Other Income 2,643,000 211,268 (2,431,732) 8.0%
Investment Earnings 300,000 213,287 (86,713) 71.1%
Total 14,742,267$ 9,286,239$ $ (5,456,028)63.0%
% of Year Complete
50.0%
Fund 412 Surface Water Utility Fund
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
2025 Expenditures YTD 2025 Total BudgetThousandsFund 412 Expenditures and Transfers Out
$-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
2025 Revenues YTD 2025 Total BudgetThousandsFund 412 Revenues
City of Tukwila Monthly Finance Report 49 95
$%
Salaries, Wages, & Overtime 598,988$ 764,249$ 834,922$ 70,673$ +9.2%
Benefits 281,075 323,721 334,674 10,953 +3.4%
Supplies 27,254 57,802 21,891 (35,911) -62.1%
Services 1,229,325 1,466,331 2,202,556 736,225 +50.2%
Land, Structures, Machinery, Equipment - 92,320 111,604 19,284 +20.9%
Other Expenditures 262,901 261,376 488 (260,888) -100%
Transfers Out - Internal Cost Allocation 329,922 346,418 363,738 17,320 +5%
Transfers Out - Debt Service 247,473 247,473 247,475 2 +0%
Transfers Out to Other Funds (167) 235,000 166,667 (68,333) -29%
Total 2,976,771$ 3,794,690$ 4,284,015$ 489,325$ +12.9%
$%
Surface Water Sales 7,767,059$ 8,091,932$ 8,571,054$ 479,122$ +6%
Permits - - (17) (17) -
Grant Revenues 44,631 5,033 290,647 285,614 +5674.8%
Other Income (56,081) 762,109 211,268 (550,841) -72.3%
Investment Earnings 134,650 226,910 213,287 (13,623) -6%
Total 7,890,259$ 9,085,984$ 9,286,239$ 200,255$ +2.2%
Fund 412 Surface Water Utility Fund
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
Fund 412 Surface Water Utility Fund
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
$- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 412 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 5096
Revenues 3,168,288$ 6,223,147$ 50.9%
Expenditures 2,294,544 5,749,503 39.9%
Transfers Out 193,156 386,308 50.0%
Net Revenues Less Expenditures 680,588$ 87,336$
% of Year Complete
50.0%
Fund 501 Equipment Rental
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 51 97
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Salaries, Wages, & Overtime 519,798$ 254,871$ 264,927$ 49%
Benefits 237,888 116,296 121,592 49%
Supplies 790,900 453,591 337,309 57.4%
Services 1,903,717 901,264 1,002,453 47.3%
Land, Structures, Machinery, Equipment 2,297,200 568,522 1,728,678 25%
Transfers Out - Internal Cost Allocation 386,308 193,156 193,152 50%
Total 6,135,811$ 2,487,700$ $3,648,111 40.5%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Fleet Replacement Charges 2,294,324$ 1,147,153$ (1,147,171)$ 50.0%
Fleet Lease Charges 3,526,723 1,763,356 (1,763,367) 50.0%
Fleet Repair Charges 200,000 65,526 (134,474) 32.8%
Other Income 2,100 2,863 763 136.3%
Investment Earnings 40,000 36,132 (3,868) 90.3%
Sale of Capital Assets 160,000 153,258 (6,742) 95.8%
Total 6,223,147$ 3,168,288$ $ (3,054,859)50.9%
% of Year Complete
50.0%
Fund 501 Equipment Rental
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
2025 Expenditures YTD 2025 Total BudgetThousandsFund 501 Expenditures and Transfers Out
$-
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
2025 Revenues YTD 2025 Total BudgetThousandsFund 501 Revenues
City of Tukwila Monthly Finance Report 5298
$%
Salaries, Wages, & Overtime 151,858$ 199,733$ 254,871$ 55,138$ +27.6%
Benefits 78,605 100,151 116,296 16,145 +16.1%
Supplies 321,012 347,300 453,591 106,291 +30.6%
Services 366,655 728,876 901,264 172,388 +23.7%
Land, Structures, Machinery, Equipment 12,868 130,376 568,522 438,146 +336.1%
Transfers Out - Internal Cost Allocation 175,194 183,958 193,156 9,198 +5%
Total 1,106,192$ 1,690,394$ 2,487,700$ 797,306$ +47.2%
$%
Fleet Replacement Charges 525,252$ 620,372$ 1,147,153$ 526,781$ +85%
Fleet Lease Charges 502,860 - 1,763,356 1,763,356 -
Fleet Repair Charges - 74,119 65,526 (8,593) -11.6%
Other Income 85 - 2,863 2,863 -
Investment Earnings 97,797 96,850 36,132 (60,718) -63%
Sale of Capital Assets 214,403 36,480 153,258 116,778 +320%
Total 1,340,397$ 827,821$ 3,168,288$ 2,340,467$ +282.7%
Fund 501 Equipment Rental
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
Fund 501 Equipment Rental
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
$- $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 501 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 53 99
Revenues 3,530,269$ 8,302,594$ 42.5%
Expenditures 2,812,978 6,599,439 42.6%
Transfers Out 104,539 209,077 50.0%
Net Revenues Less Expenditures 612,752$ 1,494,078$
% of Year Complete
50.0%
Fund 502 Insurance - Active Employees
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 54100
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Self Insurance Medical Claims 4,108,327$ 1,793,063$ 2,315,264$ 44%
Dental Claims 413,306 196,441 216,865 48%
Prescription Claims 1,158,759 493,676 665,083 42.6%
Vision Claims 21,641 11,651 9,990 53.8%
Stop Loss Reimbursements - (146,230) 146,230 -
TPA Admin Fees 155,034 92,803 62,231 60%
Excess Loss Prem 621,372 334,641 286,731 54%
Contracted Services 100,000 31,988 68,012 32%
Employee Wellness Services 18,000 4,945 13,055 27%
Transfers Out - Internal Cost Allocation 209,077 104,539 104,538 50%
Total 6,805,516$ 2,917,517$ $3,887,999 42.9%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Employer Trust Contributions 7,943,114$ 3,237,097$ (4,706,017)$ 40.8%
Employee Voluntary Contributions - 26,347 26,347 -
Employee Mandatory Contributions 311,980 166,488 (145,492) 53.4%
Employee Benefit Program Services - 43 43 -
Investment Earnings 47,500 100,294 52,794 211.1%
Total 8,302,594$ 3,530,269$ $ (4,772,325)42.5%
% of Year Complete
50.0%
Fund 502 Insurance - Active Employees
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
2025 Expenditures YTD 2025 Total BudgetThousandsFund 502 Expenditures and Transfers Out
$-
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
2025 Revenues YTD 2025 Total BudgetThousandsFund 502 Revenues
City of Tukwila Monthly Finance Report 55101
$%
Self Insurance Medical Claims 1,844,211$ 1,822,864$ 1,793,063$ (29,801)$ -1.6%
Dental Claims 223,932 191,054 196,441 5,387 +2.8%
Prescription Claims 458,282 476,341 493,676 17,335 +3.6%
Vision Claims 9,789 9,831 11,651 1,820 +18.5%
Stop Loss Reimbursements - (125,060) (146,230) (21,170) +16.9%
TPA Admin Fees 68,627 64,775 92,803 28,028 +43.3%
Excess Loss Prem 127,785 199,384 334,641 135,257 +67.8%
Employee Wellness Supplies 303 250 - (250) -100%
Contracted Services 31,331 31,878 31,988 110 +0%
Employee Wellness Services - 132 4,945 4,813 +3646%
Transfers Out - Internal Cost Allocation 94,818 99,563 104,539 4,976 +5%
Total 2,859,078$ 2,771,012$ 2,917,517$ 146,505$ +5.3%
$%
Employer Trust Contributions 2,795,102$ 3,107,376$ 3,237,097$ 129,721$ +4%
Employee Voluntary Contributions 41,150 13,539 26,347 12,808 +94.6%
Employee Mandatory Contributions 43,192 44,565 166,488 121,923 +273.6%
Employee Benefit Program Services - - 43 43 -
Investment Earnings 95,486 112,969 100,294 (12,675) -11%
Total 2,974,930$ 3,278,449$ 3,530,269$ 251,820$ +7.7%
Fund 502 Insurance - Active Employees
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
Fund 502 Insurance - Active Employees
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
$- $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 502 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 56102
Revenues 205,152$ 546,347$ 37.5%
Expenditures 222,001 488,766 45.4%
Transfers Out 6,966 13,938 50.0%
Net Revenues Less Expenditures (23,815)$ 43,643$
% of Year Complete
50.0%
Fund 503 Insurance - LEOFF I Retirees
Overview
2025 through June 2025 Total Budget Budget Variance
% of Annual Budget
City of Tukwila Monthly Finance Report 57103
Category 2025 Total Budget 2025 Expenses
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Self Insurance Medical Claims 150,000$ 30,865$ 119,135$ 21%
Dental Claims 32,931 13,416 19,515 41%
Prescription Claims 169,644 89,610 80,034 52.8%
Vision Claims 4,419 1,512 2,907 34.2%
TPA Admin Fees 12,612 8,532 4,080 68%
Excess Loss Premium 24,160 13,846 10,314 57%
Long Term Care 15,000 48,370 (33,370) 322%
Out of Pocket 75,000 923 74,077 1%
Medicare Plan B - 14,927 (14,927) -
Contracted Services 5,000 - 5,000 0%
Transfers Out - Internal Cost Allocation 13,938 6,966 6,972 50%
Total 502,704$ 228,967$ $273,737 45.5%
% of Year Complete
50.0%
Category 2025 Total Budget 2025 Revenues
through June
Budget Variance
(Unfavorable) / Favorable
Budget Variance
% of Annual Budget
Employer Trust Contributions 545,833$ 204,936$ (340,897)$ 37.5%
Investment Earnings 514 194 (320) 37.7%
Employee Benefit Program Services - 22 22 -
Total 546,347$ 205,152$ $(341,195)37.5%
% of Year Complete
50.0%
Fund 503 Insurance - LEOFF I Retirees
Expenditures and Transfers Out by Category
Revenues and Transfers In by Category
$-
$100
$200
$300
$400
$500
$600
2025 Expenditures YTD 2025 Total BudgetThousandsFund 503 Expenditures and Transfers Out
$-
$100
$200
$300
$400
$500
$600
2025 Revenues YTD 2025 Total BudgetThousandsFund 503 Revenues
City of Tukwila Monthly Finance Report 58104
$%
Self Insurance Medical Claims 35,751$ 34,508$ 30,865$ (3,643)$ -10.6%
Dental Claims 13,267 11,589 13,416 1,827 +15.8%
Prescription Claims 75,995 65,872 89,610 23,738 +36.0%
Vision Claims 903 10,244 1,512 (8,732) -85.2%
TPA Admin Fees 7,956 7,519 8,532 1,013 +13.5%
Excess Loss Premium 41,464 8,326 13,846 5,520 +66.3%
Long Term Care 45,384 57,043 48,370 (8,673) -15.2%
Out of Pocket 1,131 2,061 923 (1,138) -55%
Medicare Plan B 27,243 20,094 14,927 (5,167) -26%
Contracted Services - 2,000 - (2,000) -100%
Transfers Out - Internal Cost Allocation 6,324 6,638 6,966 328 +5%
Total 255,418$ 225,894$ 228,967$ 3,073$ +1.4%
$%
Employer Trust Contributions 159,825$ 165,414$ 204,936$ 39,522$ +24%
Investment Earnings 3,577 2,539 194 (2,345) -92.4%
Employee Benefit Program Services - - 22 22 -
Total 163,402$ 167,953$ 205,152$ 37,199$ +22.1%
Fund 503 Insurance - LEOFF I Retirees
Year-to-Year Revenues and Transfers In by Category
Category 2023 Revenues
through June
2024 Revenues
through June
2025 Revenues
through June
2025 vs 2024
Fund 503 Insurance - LEOFF I Retirees
Year-to-Year Expenditures & Transfers Out by Category
Category 2023 Expenses
through June
2024 Expenses
through June
2025 Expenses
through June
2025 vs 2024
$- $50 $100 $150 $200 $250 $300
Revenues and Transfers In
Expenditures and Transfers Out
Thousands
Fund 503 Prior Year Comparisons YTD
2023
2024
2025
City of Tukwila Monthly Finance Report 59105
(d)
Depository Investment
Type
Maturity
Date Balance Current
Rate
Annualized
Return
CASH & CASH EQUIVALENTS
US Bank Operating Cash Depository (b)30,505,586 0.60%183,034 (e)
Washington State Treasurer LGIP Investment Pool (b)35,797,236 4.38%1,569,029 (f)
Umpquah Interest Checking (b)17,466,969 4.62%806,974 (f)
Total Cash & Cash Equivalents 83,769,790 3.05%2,559,036 (g)
(a)(c)
Agency / Issuer Rating Investment
Type
Purchase
Date
Maturity
Date
Term
Yrs.Face Value Yield to
Maturity
Annualized
Return
INVESTMENTS
Agencies
Federal Home Loan Bank Aaa US agency 02/2021 02/2026 0.6 1,000,000 0.63%6,250
Federal Farm Credit Bank Aaa US agency 06/2021 06/2026 0.9 1,000,000 0.90%9,000
Federal Home Loan Bank Aaa US agency 11/2021 11/2026 1.4 2,000,000 1.46%29,200
Federal Farm Credit Bank Aaa US agency 03/2022 12/2025 0.4 1,000,000 2.00%20,000
Federal Home Loan Bank Aaa US agency 05/2022 05/2027 1.8 1,000,000 3.96%40,000
Federal Home Loan Bank Aaa US agency 05/2022 05/2026 0.8 1,000,000 3.38%33,750
Federal Home Loan Bank Aaa US agency 06/2022 06/2027 1.9 1,000,000 3.59%35,900
Federal Farm Credit Bank Aaa US agency 06/2022 06/2027 2.0 1,000,000 4.00%40,000
Federal Home Loan Bank Aaa US agency 12/2022 10/2025 0.3 1,000,000 4.35%6,000
TOTAL AGENCIES 10,000,000 2.20%220,100
Taxable Municipal Bonds
Metro Oregon GO Taxable AAA LTGO 06/2021 06/2026 0.9 1,000,000 0.83%32,500
King County WA GO Taxable 03/2022 12/2026 1.4 1,000,000 2.33%14,000
Bellevue WA GO Taxable 04/2022 12/2026 1.4 1,000,000 3.12%14,370
TOTAL MUNICIPAL BONDS 3,000,000 2.03%60,870
Total Investments 13,000,000 2.16%280,970
TOTAL PROJECTED CASH, CASH EQUIVALENTS & INVESTMENTS 96,769,790$ 2.93%2,840,006$
Current Portfolio Yield
(a) Term is calculated to final maturity or call date if bond has been called.
(b) No fixed maturity, funds are available within one day.
(c) Yield to Maturity represents average rate for the year for various investment vehicles.
(d) Annualized return represents annual earnings at current rate.
(e) Represents earning credit from US Bank. City earned interest up to the amount of fees.
(f) Current rate reflects most recent interest rate for each depository account.
(g) Represents annual earnings, assuming no changes in the Market. Actual earnings
to date are $1,388,779
CITY OF TUKWILA
CASH & INVESTMENT REPORT
June 30, 2025
Cash and Investment Details
Cash, 32%
LGIP, 37%
Money
Market, 18%
Agencies,
10%
Municipal
Bonds, 3%
Current Portfolio Allocation
106
Cash & Investments
Portfolio
Amount
Available
Within 1 Year
Available
Within 5 Years
Funds immediately available - US Bank, State
LGIP, Money market 83,769,790$ 83,769,790$ 83,769,790$
Fixed Maturity Investments, maturing in:
0-90 days after Report Date 1,000,000
91-180 days after Report Date 1,000,000
181-270 days after Report Date 1,000,000
271-360 days after Report Date 3,000,000
Total Investments maturing in 1 year or less 6,000,000 6,000,000 6,000,000
Investments maturing in more than 1 year and
less than 10 years.7,000,000 7,000,000
Total Cash & Investments 96,769,790$ 89,769,790$ 96,769,790$
93%100%
Portfolio POLICY Policy
Financial Institution Diversification Amount % of Total MAXIMUM Met?
US Bank 30,505,586$ 31.5%insured by PDPC Yes
Umpquah Bank 17,466,969 18.1%20%Yes
State LGIP 35,797,236 37.0%100.0%Yes
Investments in US Government and other non-
financial institutions 13,000,000 13.4%varies see below Yes
Total 96,769,790$ 100.0%
Portfolio POLICY Policy
Investment Mix Amount % of Total MAXIMUM Met?
Depository (USBank)30,505,586 31.5%insured by PDPC Yes
State Investment Pool 35,797,236 37.0%100%Yes
Umpquah 17,466,969 18.1%insured by PDPC Yes
US Agency 10,000,000 10.3%100%Yes
Municipal Bonds 3,000,000 3.1%30%Yes
Total 96,769,790 100.0%
Weighted Average Maturities:Years Performance Analysis
Funds Immediately Available 0.0 Current portfolio yield 2.93%
Government Agency bonds 1.2
Municipal bonds 1.3 Benchmarks:
Total WAM 0.2 2 year treasury 3.723%
3 year treasury 3.693%
POLICY MAXIMUM 2.0 5 year treasury 3.809%
Policy Met?Yes
Note: Funds immediately available are not factored into the Portfolio
Investments weighted average maturity.
CITY OF TUKWILA
Policy Compliance & Liquidity Analysis
CASH & INVESTMENT REPORT
June 30, 2025
As of Report Date
107