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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 9.J.
For Meeting of: April 21, 2026
ITEM TITLE: 2025 4th Quarter Financial Report
SUBMITTED BY: Craig Warner, Director of Finance & Budget
SUMMARY EXPLANATION:
The Fourth Quarter Financial Report for 2025 is attached and consists of the following:
• Summary Narrative
• Financial Reports
• Cash Balance Trend
• Material Revenue Performance Charts
• Fund Balance Summary
• Revenue and Expenditure Comparison to Budget and Actual Year to-Date
• General Government Revenue Historical Year-to-Date Detail
• General Government Expenditure Historical Year-to-Date Detail
• Other Funds - Revenue, Expenditure and Fund Balance Summary
This is an informational update, pending completion of year-end close process and independent audit.
ITEM BUDGETED: N/A
STRATEGIC PRIORITY 24-25: A Resilient Yakima
RECOMMENDATION: Review only. Submitted for routine transparency and accountability.
ATTACHMENTS:
2025 Financial Report- December 4.2.26.pdf
Q4 Financial Update for council 4.21.26.pptx
188
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i FINANCE DEPARTMENT
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To: Honorable Mayor and Members of the City Council
Vicki Baker, City Manager
From: Craig Warner, Director of Finance& Budget
Kathy Miles, Finance Department Analyst
Date: April 21, 2026
Subject: December Financial Update
This financial update is a preliminary,unaudited,report for January, 2025, with amounts shown as of the
end of December, 2025 (100.0% of the year),intended to inform and assist governance decisions for future
planning. In total, city General Fund revenues are at 103.2% of budget and expenditures are at 95.5% of
budget. The timing of certain revenue payments and expenditures are normally the biggest reasons that
revenues and expenditures may be below 100.0%at this point in the year.
The General Fund consists of resources that are available for use with greater flexibility. Therefore, the
majority of this report contains information specifically to the General Fund. Future reports will build out
other funds and resources that Council will find useful.
The information on the following pages provide insight into the monitoring of revenue and the
management of expenses. This report shows information for a specific time period, and is only an
indicator of how the City's finances are doing at one moment in time. Final numbers will not be known
until after the annual independent audit for 2025, which will not be completed until later in 2026.
Revenues that are general in nature, specifically property tax, sales tax and utility tax, are reported in the
General Fund, and then transferred to the individual fund where the money is to be spent on directed
services. Examples are funds that are allocated for parks and recreation, streets, police and fire pension
funds, and the communications center. This allows for greater transparency and a less complicated way to
understand how general government revenues are collected and spent.
89
Finance Status Report-Page 1
GENERAL FUND OVERVIEW
2023 2024 2025 2025 %of
Actual Actual 12/31/2025 Amended Budget
Beginning Balance $ 10,845,338 $ 11,590,609 $ 16,998,756 $ 16,998,756
Revenues
Sales Tax 28,371,418 28,076,488 28,584,415 30,623,000 93.3%
Property Tax 20,937,251 21,367,588 22,028,576 22,497,871 97.9%
Utility Taxes 21,425,554 21,488,293 24,029,737 21,583,567 111.3%
Intergovernmental 3,189,146 3,628,878 3,274,876 5,273,964 62.1%
Charges for Services 3,310,876 3,304,579 3,581,166 3,318,674 107.9%
Investment Interest/Amortization 5,672,936 6,120,118 6,512,002 2,706,900 240.6%
Licenses&Permits 2,000,113 1,963,097 2,552,340 1,810,750 141.0%
Fines/Forfeitures/Misc 2,048,708 1,779,242 1,995,612 1,620,908 123.1%
Franchise Fees&Other Taxes 1,444,410 1,747,853 1,363,418 1,603,000 85.1%
Total 88,400,411 89,476,135 93,922,142 91,038,634 103.2%
Expenditures
Salaries&Wages 42,863,699 44,890,146 44,658,479 47,876,403 93.3%
Personnel Benefits 15,383,008 16,030,496 17,317,750 17,703,032 97.8%
Transfers 15,427,402 19,451,106 17,280,394 17,219,468 100.4%
Services&Charges 10,961,667 (116,300) 10,222,270 11,680,387 87.5%
Supplies,Equip&Misc 2,360,424 2,548,784 2,341,075 2,350,759 99.6%
Capital Outlays 399,641 1,032,248 586,131 192,199 305.0%
Debt Service 259,301 231,508 423,897 153,978 275.3%
Total 87,655,140 84,067,988 92,829,996 97,176,226 95.5%
Net Gain(Loss) $ 745,271 $ 5,408,147 $ 1,092,147 $ (6,137,592)
Ending Balance $ 11,590,609 $ 16,998,756 $ 18,090,902 $ 10,861,164
Year to date revenue and expenditure categories above are mostly consistent with historical trends. Sales
Tax, Property Tax, Utility Tax and Investment information are discussed in more detail on the following
pages. Any other significant items in the chart above are noted below.
• Licenses& Permits are well above 100.0%mainly due to Single-family and Multi-family building
permits and Residential alteration permits being up for 2025 (1119) compared to 2024 (901), as of
December 31, 2025.
• Fines/Forfeitures/Misc revenue and Capital Outlays and Debt Service expenditures are high due to
a Governmental Accounting Standards Board (GASB) accounting change for Subscription-Based
Information Technology Arrangements (SBITA's).
• Franchise Fees &Other Taxes (85.1%) are below 100.0%mainly due to gambling taxes which are
lower than budgeted. This is an ongoing issue that is currently under review.
• Expenditures for Services & Charges in 2024 are negative due to the reductions of$11.0 million in
American Rescue Plan Act (ARPA) Loss revenue.
Finance Status Report-Page 2 190
GENERAL FUND REVENUES
The foundation of any city government is its fiscal health. The revenues it receives,both present and
projected for the future, set the stage for discussing what services to provide as well as the level of those
services-including the facilities, equipment, and infrastructure, that will be needed.
For most municipalities in the State of Washington, Property Tax, Sales Tax and Utility Tax make up the
bulk of the funding sources for the General Fund. This is commonly referred to as the "Three-Legged
Stool" for financing cities. In the City of Yakima, these three funding sources make up $74.6 million, or
82.1%, of the General Fund's total Amended Budget for revenue. Therefore, these three funding sources
are reviewed in more detail.
Sales Tax
Total Sales Tax revenue collections through December, 2025 are being collected at a rate of 93.3% of the
2025 Amended Budget. Sales Tax revenue is reported with a two-month delay (December numbers are
from October). This revenue began a major downturn in the beginning of 2024, dropping incrementally
until February of 2025. At that time,numbers began to stabilize but they remained below last year's
numbers. Staff will continue to monitor this situation.
GENERAL FUND SALES TAX HISTORY
of
2020 2021 2022 2023 2024 2025 2025 Amended
Actual Actual Actual Actual Actual Actual Amended Budget
Jan $ 1,777,158 $ 1,879,728 $ 2,146,642 $ 2,211,690 $ 2,314,908 $ 2,239,499 $ 2,524,868 88.7%
Feb 2,004,526 2,197,249 2,472,470 2,449,186 2,576,626 2,550,730 2,810,324 90.8%
Mar 1,611,986 1,844,581 1,897,904 2,026,820 1,999,776 1,991,452 2,181,154 91.3%
Apr 1,558,111 1,693,421 1,935,523 2,031,782 2,117,779 1,896,739 2,309,860 82.1%
May 1,638,567 2,409,418 2,408,664 2,492,945 2,397,732 2,373,896 2,615,204 90.8%
Jun 1,665,082 2,311,566 2,272,599 2,240,804 2,402,379 2,347,196 2,620,272 89.6%
Jul 1,967,392 2,665,465 (50,204) 2,476,170 2,401,820 2,512,971 2,619,663 95.9%
Aug 2,100,935 2,467,885 4,951,845 2,635,157 2,516,559 2,622,709 2,744,808 95.6%
Sep 1,975,382 2,270,942 2,341,840 2,380,840 2,350,772 2,383,920 2,563,985 93.0%
Oct 1,943,089 2,076,716 2,373,261 2,435,130 2,383,895 2,487,019 2,600,112 95.7%
Nov 2,145,727 2,391,766 2,431,663 2,415,867 2,460,824 2,569,665 2,684,018 95.7%
Dec 2,423,694 2,720,435 2,415,873 2,575,027 2,153,419 2,608,620 2,348,732 111.1%
$ 22,811,648 $ 26,929,172 $ 27,598,080 $ 28,371,418 $ 28,076,488 $ 28,584,415 $ 30,623,000 93.3%
Note: The chart above is inclusive of all current General Fund Sales Tax, along with all Criminal Justice
Sales tax, including those funds currently in funds 153 and 303,which will be incorporated into the
General Fund next year.
191
Finance Status Report-Page 3
The Department of Revenue has a way of tracking the base sales tax numbers by category. While this
report does not include all the types of sales tax in the previous chart, it does track the main revenue
stream. The major categories and their current performance measures (in relation to 2025) reported for the
base sales tax include:
• Construction(buildings & contractors) -93.1%.
• Manufacturing(soft goods,machinery, wood, etc.) -93.2%.
• Wholesale Trade (goods sold to retail merchants) -91.6%.
• Retail Trade(goods sold to the end user) -98.9%.
• Information(telecommunications, publishing,broadcasting, etc.)- 119.2%.
• Real Estate, Rentals & Leasing(machinery,vehicle, office, etc.)-93.9%.
• Accommodations & Food (hotels & Restaurants) -98.5%.
• Other (automotive and appliance repair&maintenance/laundry services) -88.8%.
• Miscellaneous (administrative support, professional services, finance, amusement, etc.) - 101.9%.
Major categories that affected this change in Sales Tax were:
• Construction was down(6.9%) improving over previous months mainly due to increased revenue
in the specialty trade contractors category.
• Manufacturing,while it continues to be negative,went from being down(9.5%) in November to
being down (6.8%) in December-with most of the gains in the transportation equipment
manufacturing category.
• Wholesale Trade is down (8.4%) with losses mainly in the durable goods category.
• Information was up (19.2%) from last year at this time due to a surge in the both the
Telecommunications and Software Publishing categories.
• The Other category was down(11.2%),mainly in the repair and maintenance category which
surged during COVID.
Below is a 3-year history of the base sales tax for comparison.
DEPARTMENT OF REVENUE SALES TAX BY CATEGORY
Cumulative Cumulative Monthly Cumulative
2023 %Chng 2024 %Chng 2025 %Chng %Chng
Jan $ 1,814,976 103.3% $ 1,868,791 103.0% $ 1,801,632 96.4% 96.4%
Feb 2,014,620 101.7% 2,089,641 103.4% 2,041,237 97.7% 97.1%
Mar 1,671,110 103.1% 1,637,892 101.7% 1,608,974 98.2% 97.4%
Apr 1,701,828 103.9% 1,754,477 102.1% 1,525,463 86.9% 94.9%
May 2,068,649 104.0% 1,977,348 100.6% 1,904,062 96.3% 95.2%
Jun 1,858,259 103.1% 1,971,871 101.5% 1,888,939 95.8% 95.3%
Jul 2,041,226 103.8% 1,971,172 100.8% 2,005,518 101.7% 96.3%
Aug 2,157,601 103.5% 2,053,126 100.0% 2,085,004 101.6% 97.0%
Sep 1,942,307 103.3% 1,915,742 99.8% 1,873,328 97.8% 97.1%
Oct 1,997,662 103.3% 1,942,751 99.6% 1,984,164 102.1% 97.6%
Nov 1,966,070 102.9% 1,994,057 99.7% 2,015,260 101.1% 97.9%
Dec 1,932,767 102.8% 1,885,002 99.5% 1,922,107 102.0% 98.2%
$ 23,167,075 $ 23,061,870 $ 22,655,688
92
Finance Status Report-Page 4
Property Tax
Property Tax increases each year due to assessed valuations (a combination of the existing cap at 1% and
new growth). The first half of property taxes are due in April and the second half are due in October. The
percentage of the amended budget (97.9%) is normal for year-end, as some property tax is collected in
subsequent years.
GENERAL FUND PROPERTY TAX HISTORY
of
2020 2021 2022 2023 2024 2025 2025 Amended
Actual Actual Actual Actual Actual Actual Amended Budget
Jan $ 37,579 $ 86,756 $ 58,182 $ 65,431 $ 70,058 $ 64,539 $ 73,764 87.5%
Feb 775,217 744,276 812,946 950,058 966,522 912,447 1,017,648 89.7%
Mar 768,000 1,103,203 1,077,781 1,115,643 1,061,909 1,151,742 1,118,081 103.0%
Apr 8,176,993 8,616,060 8,499,621 8,680,847 9,217,230 9,426,435 9,704,794 97.1%
May 1,084,414 779,671 1,074,815 1,025,081 788,661 875,976 830,379 105.5%
Jun 172,023 110,052 86,030 111,304 60,345 125,156 63,537 197.0%
Jul 110,417 77,303 90,311 77,032 60,119 91,671 63,299 144.8%
Aug 126,149 89,258 86,693 106,641 109,755 77,797 115,561 67.3%
Sep 387,834 407,946 326,248 349,692 329,277 428,457 346,695 123.6%
Oct 7,243,604 6,930,241 7,409,235 7,464,717 7,870,900 8,006,183 8,287,247 96.6%
Nov 771,804 1,059,473 712,973 894,186 683,715 809,998 719,881 112.5%
Dec 88,845 157,354 108,241 96,620 149,099 58,174 156,986 37.1%
$ 19,742,880 $20,161,592 $20,343,077 $20,937,251 $21,367,588 $22,028,576 $ 22,497,871 97.9%
Note: The chart above is inclusive of all current General Fund Property Tax, along with any Property Tax
currently included in funds 131, 132, 133, 141, 154, 281, 323,331, 346, 612 and 613, which will be
incorporated into the General Fund next year.
Utility Tax
Utility Taxes are collected from internal sources as well as external sources for all utilities. This revenue is
over 100.0%mainly due to the unbudgeted increase in the electric utility tax.
GENERAL FUND UTILITY TAX HISTORY
of
2020 2021 2022 2023 2024 2025 2025 Amended
Actual Actual Actual Actual Actual Actual Amended Budget
Jan $ 1,722,242 $ 1,383,309 $ 2,021,712 $ 2,088,600 $ 1,970,793 $ 2,014,386 $ 1,979,531 101.8%
Feb 1,653,938 1,793,495 1,281,095 1,910,582 1,869,762 2,050,429 1,878,052 109.2%
Mar 1,474,468 1,884,217 1,821,691 1,991,276 1,891,715 2,255,758 1,900,102 118.7%
Apr 1,484,199 1,623,247 1,548,826 1,768,674 1,739,939 1,910,122 1,747,653 109.3%
May 1,220,663 2,020,569 1,587,745 1,592,983 1,645,449 1,973,407 1,652,745 119.4%
Jun 1,497,303 1,395,648 1,492,057 1,551,377 1,604,511 1,581,135 1,611,625 98.1%
Jul 1,570,291 1,405,638 1,618,506 1,712,707 1,756,848 2,004,649 1,764,637 113.6%
Aug 1,279,524 1,841,104 1,630,287 1,953,126 1,696,867 1,956,187 1,704,391 114.8%
Sep 1,666,553 1,724,817 1,837,367 1,955,305 1,976,318 2,102,846 1,985,080 105.9%
Oct 1,611,041 1,333,007 1,702,848 1,705,149 1,713,382 2,115,472 1,720,979 122.9%
Nov 1,460,018 1,686,845 1,813,879 1,734,021 1,786,085 2,137,504 1,794,004 119.1%
Dec 1,764,404 896,575 2,040,976 1,461,754 1,836,625 1,927,843 1,844,768 104.5%
$ 18,404,645 $ 18,988,471 $20,396,990 $21,425,554 $21,488,293 $24,029,737 $ 21,583,567 111.3%
193
Finance Status Report-Page 5
GENERAL FUND UTILITY TAX REVENUES
2023 2024 2025 2025 %of
Actual Actual 12/31/2025 Amended Budget
Water Utility Tax 2,304,239 2,368,774 2,580,738 2,355,000 109.6%
Wastewater Utility Tax 4,855,904 4,838,313 5,160,118 4,971,000 103.8%
Refuse Utility Tax 1,470,316 1,530,647 1,584,825 1,480,337 107.1%
Stormwater Utility Tax 613,330 633,218 713,481 633,218 112.7%
Electric Utility Tax 6,292,358 6,347,121 7,996,968 6,094,000 131.2%
Private Water Utility Tax 1,090,645 1,240,099 1,242,955 1,354,000 91.8%
Gas Utility Tax 1,885,330 1,854,907 2,056,367 1,726,000 119.1%
Private Garbage Utility Tax 1,118,074 1,231,461 1,270,432 1,320,588 96.2%
Cable TV Utility Tax 591,714 509,913 445,538 606,424 73.5%
Cellular Utility Tax 362,155 264,570 250,423 277,000 90.4%
Telephone Utility Tax 628,715 515,796 559,375 601,000 93.1%
Brokered Natural Gas Util Tax 212,775 153,475 168,518 165,000 102.1%
21,425,554 21,488,293 24,029,737 21,583,567 111.3%
CITY-WIDE UTILITY TAX RATES
Mandated by City Ordinance
General Clean Capitol
Fund City Pools Theatre Total
Water Utility Tax 20.0% - % - % - % 20.0%
Wastewater Utility Tax 20.0% - % - % - % 20.0%
Refuse Utility Tax 15.0% 5.0% - % - % 20.0%
Stormwater Utility Tax 15.0% - % 5.0% - % 20.0%
Electric Utility Tax 6.0% - % - % - % 20.0%
Private Water Utility Tax 20.0% - % - % - % 20.0%
Gas Utility Tax 6.0% - % - % - % 6.0%
Private Garbage Utility Tax 16.0% 9.0% - % - % 25.0%
Cable TV Utility Tax 5.0% - % - % 1.0% 6.0%
Cellular Utility Tax 6.0% - % - % - % 6.0%
Telephone Utility Tax 6.0% - % - % - % 6.0%
Brokered Natural Gas Util Tax 6.0% - % - % - % 6.0%
In summary, of the 3 main funding sources for the General Fund, Sales Tax revenue (93.3%) is trending less
than last year, while Utility Tax (111.3%) is trending above, which results in these two legs of the "Three-
Legged Stool" offsetting each other somewhat at this time, while the third leg, Property tax (97.9%)
remains within normal limits.
Finance Status Report-Page 6 194
Cash &Investments
It is the policy of the City of Yakima to invest public funds in a mariner that, giving first regard to safety,
suitability and liquidity, will maximize long-term yield in conformance with State Statute, Federal
Regulations and City Charter.
The 5-year historic core (US Bank, Key Bank, Local Government Investment Pool and investment portfolio)
city-wide cash and investments balance trend shows December ending at$163.6 million.
Cash& Investment year end amounts generally improve year over year, as shown below.
CASH AND INVESTEMENT HISTORY
$180,000,000
$160,000,000
$140,000,000
$120,000,000
$100,000,000
$80,000,000
$60,000,000 I II i r
$40,000,000
$20,000,000
$0
2020 2021 2022 2023 2024 2025
YE Actual YE Actual YE Actual YE Actual YE Actual 12/31/25
GENERAL FUND INVESTMENT INTEREST HISTORY
2020 2021 2022 2023 2024 2025 2025 Amended
Actual Actual Actual Actual Actual Actual Amended Budget
Jan $ (313,436) $ 121,383 $ 586,289 $ (676,712) $ (605,315) $ (1,706,299) $ (267,728) 637.3%
Feb 159,002 67,442 62,669 383,648 177,545 400,083 78,527 509.5%
Mar 147,651 50,146 89,671 305,331 370,402 368,567 163,827 225.0%
Apr 161,159 102,464 122,335 338,120 340,104 281,412 150,426 187.1%
May 140,464 62,684 98,477 339,831 391,002 277,157 172,939 160.3%
Jun 123,784 117,284 (687,038) 401,628 405,168 1,483,488 179,204 827.8%
Jul 88,115 53,985 101,304 309,231 351,736 327,052 155,571 210.2%
Aug 88,837 89,945 179,251 427,509 433,112 423,209 191,563 220.9%
Sep 96,034 78,326 227,631 423,714 436,156 515,855 192,910 267.4%
Oct 114,698 103,044 246,474 337,532 342,453 177,784 151,466 117.4%
Nov 90,396 86,858 267,342 371,347 306,383 522,955 135,512 385.9%
Dec 1,136,684 (1,996,141) (1,867,700) 2,711,755 3,171,371 3,440,739 1,402,683 245.3%
$ 2,033,387 $ (1,062,580) $ (573,295) $ 5,672,936 $ 6,120,118 $ 6,512,002 $ 2,706,900 240.6%
195
Finance Status Report-Page 7
GENERAL FUND EXPENDITURES
GENERAL FUND EXPENDITURES
(Inclusive of Funds 001 &003)
2023 2024 2025 2025 %of
Actual Actual 12/31/2025 Amended Budget
Law&Justice
Legal $ 2,262,956 $ 2,312,826 $ 2,448,270 $ 3,089,671 79.2%
Municipal Court 2,014,370 2,044,739 2,272,858 3,051,658 74.5%
Indigent Defense 1,610,047 1,769,696 1,844,428 1,750,000 105.4%
Public Safety
Police 35,725,658 38,411,698 37,999,420 39,951,683 95.1%
Fire 19,036,490 20,033,995 19,727,390 18,459,325 106.9%
Code Administration 1,741,830 2,003,728 1,839,357 3,216,952 57.2%
Subtotal Law&Justice/Public Safety 62,391,351 66,576,681 66,131,722 69,519,288
General Government
Information Technology 4,108,372 4,691,659 5,198,348 5,130,490 101.3%
Finance 2,573,541 2,099,174 2,092,852 2,101,184 99.6%
Planning 650,747 789,701 1,087,150 1,339,388 81.2%
Human Resources 871,373 923,592 1,174,104 1,318,305 89.1%
Engineering 984,446 876,648 879,686 1,036,878 84.8%
City Clerk/Records 905,962 542,556 757,561 795,648 95.2%
Economic Development 464,018 1,332,165 593,354 781,498 75.9%
City Management 623,355 736,892 578,361 678,878 85.2%
City Hall Facility 484,964 546,775 454,163 590,671 76.9%
Purchasing 354,422 332,076 466,955 490,456 95.2%
City Council 273,488 328,562 291,665 330,622 88.2%
Intergovernmental 132,427 150,264 161,228 161,001 100.1%
ARPA Loss Revenue - (10,992,574) - - n/a
City Service Reimbursement (2,590,727) (4,317,291) (4,317,546) (4,317,547) 100.0%
Subtotal General Government 9,836,387 (1,959,799) 9,417,880 10,437,471
Transfers Out
Parks&Recreation 6,077,445 6,475,054 6,776,728 6,715,802 100.9%
Streets&Traffic 5,005,782 5,277,006 5,555,266 5,555,266 100.0%
Public Safety 3,654,290 3,545,509 3,977,023 3,977,023 100.0%
ARPA/Afford Housing/Econ Dev 689,885 4,153,537 971,377 971,377 100.0%
Subtotal Transfers 15,427,402 19,451,106 17,280,394 17,219,468
Total General Fund $ 87,655,140 $ 84,067,989 $ 92,829,996 $ 97,176,227 95.5%
The year to date expenditures above are mostly consistent with historical trends, significant items are
noted below:
• Indigent Defense is at 105.4% due to increased rates for professional services.
• Fire (106.9%) is over budget due to overtime.
196
Finance Status Report-Page 8
GENERAL FUND TRANSFERS
2023 2024 2025 2025
Transfer To: Actual Actual 12/31/2025 Amended Source
Public Safety
Police 772,995 605,092 800,000 800,000 Property Tax
Fire 800,000 750,000 850,000 850,000 Property Tax
Law&Justice Capital 120,000 120,000 120,000 120,000 .03%CJ Tax
Law&Justice Capital 270,979 282,431 287,023 287,023 .03%CJ Tax
Public Safety Comm 1,450,000 1,550,000 1,650,000 1,650,000 Property Tax
Public Safety Comm 240,316 237,986 270,000 270,000 .03%CJ Tax
Subtotal Public Safety 3,654,290 3,545,509 3,977,023 3,977,023
Other Funds
Parks&Recreation 3,173,716 3,570,919 3,031,845 2,970,919 Property Tax
Parks&Recreation 1,896,856 1,977,015 2,009,162 2,009,162 Utility Tax
Streets&Traffic 4,400,000 4,580,000 3,130,000 3,130,000 Property Tax
Aquatics Facilities - - 700,000 700,000 Property Tax
LTGO Bond Debt 420,000 420,000 450,000 450,000 Property Tax
LTGO Bond Debt 400,000 400,000 450,000 450,000 Property Tax
Parks Capital 186,873 107,120 135,721 135,721 Property Tax
Street Overlay&Recon 605,782 697,006 2,425,266 2,425,266 Property Tax
ARPA/Aff Hsg/Ec Dev 689,885 4,153,537 971,377 971,377
Total Other Funds 11,773,112 15,905,597 13,303,371 13,242,445
Total Transfers 15,427,402 19,451,106 17,280,394 17,219,468
GENERAL FUND AMENDED EXPENDITURES WITH TRANSFERS
(Inclusive of funds 001 &003)
Parks&Recreation
$6.7 million
Streets &Traffic
,..- lig-
$5.6 million
General
Public Safety Administration
$65.6 million $11.4 million
Law&Justice
$7.9 million
97
Finance Status Report-Page 9
CITYWIDE OVERVIEW
CITYWIDE SUMMARY BY CATEGORY
(With Transfers)
2023 2024 2025 2025 %of
Actual Actual 12/31/2025 Amended Budget
Beginning Balance $133,177,462 $142,435,819 156,011,692 156,011,692
Revenues
Operating Contribution&Misc 61,778,211 69,109,854 70,139,193 84,775,943 82.7%
Intergovernmental 35,929,320 52,858,682 45,384,923 71,278,483 63.7%
Charges for Services 60,566,917 61,801,216 66,573,036 65,517,238 101.6%
Sales Tax 42,326,096 42,039,611 40,013,332 43,140,987 92.8%
Property Tax 35,522,584 37,614,844 38,363,938 38,552,688 99.5%
Utility Taxes 22,992,007 23,005,085 25,739,060 23,393,921 110.0%
Franchise Fees&Other Taxes 6,685,164 6,861,983 7,098,328 7,138,000 99.4%
Licenses&Permits 3,396,026 3,355,606 3,930,923 3,281,578 119.8%
Investment Interest/Amortization 6,030,744 6,457,203 6,843,866 3,038,628 225.2%
Total Revenues 275,227,071 303,104,082 304,086,598 340,117,465 89.4%
Expenditures
Capital Outlays 35,562,565 44,134,564 44,264,470 99,596,374 44.4%
Services&Charges 64,213,070 66,867,269 71,583,799 79,949,046 89.5%
Salaries&Wages 68,501,170 70,938,603 72,236,709 79,567,243 90.8%
Transfers 32,857,627 40,343,885 33,888,587 36,112,973 93.8%
Personnel Benefits 41,253,607 45,014,697 47,143,882 47,910,191 98.4%
Supplies,Equip&Misc 9,198,690 8,809,964 8,813,055 10,375,385 84.9%
Debt Service 9,123,179 7,688,671 6,261,152 6,023,293 103.9%
Intergovernmental 5,258,805 5,730,559 5,015,895 - n/a
265,968,714 289,528,210 289,207,549 359,534,504 80.4%
Net Gain(Loss) $ 9,258,357 $ 13,575,872 $ 14,879,049 $(19,417,039)
Ending Balance $142,435,819 $156,011,692 $170,890,741 $136,594,653
Year to date revenue and expenditure categories above are mostly consistent with historical trends.
Significant items are noted below.
• Operating Contributions &Miscellaneous revenue is at 82.7% of the Amended Budget due to a
$10.0 million Irrigation bond and a$8.0 million Millsite bond that are not likely to happen until
2026. Without these bonds, the percentage is within normal range.
• Sales Tax continues to lag behind last year (see discussion on page 3) and continues to be
monitored.
• Utility Taxes revenue (110.0%) continues to be high due to rate increases in 2025 (see discussion on
pages 5-6).
• Licenses& Permits (119.8%) revenue is well above 100.0%mainly due to Single-family and Multi-
family building permits and Residential alteration permits being up for 2025 (1119) compared to
2024 (901), as of December 31, 2025.
• Salaries, Wages and Personnel Benefit expenditures are down due to position vacancies and the
final union contract negotiations that will require retroactive pay.
98
Finance Status Report-Page 10
CITYWIDE DETAIL BY FUNCTIONAL GROUP
GENERAL GOVERNMENT FUNDS
2025 As of 12/31/25 2025 %Change
Beginning 2025 2025 Ending in Fund
Fund Balance Actual Rev. Actual Exp. Balance Balance
General Fund(001) $ 16,111,949 $ 90,195,488 $ 88,908,124 $ 17,399,312 8.0%
Criminal Justice(003) 886,807 3,726,654 3,921,871 691,590 (22.0%)
Subtotal General Fund 16,998,756 93,922,142 92,829,996 18,090,902 6.4%
Fire Relief&Pension 1,208,708 1,000,559 1,081,933 1,127,334 (6.7%)
Police Relief&Pension - 800,000 446,630 353,370 n/a
Parks&Recreation 809,132 6,101,627 5,520,703 1,390,056 71.8%
Streets&Traffic 3,213,153 5,628,433 5,374,124 3,467,462 7.9%
Total General Government Funds $ 22,229,750 $107,452,761 $105,253,386 $ 24,429,125 9.9%
GOVERNMENT OPERATING FUNDS
2025 As of 12/31/25 2025 %Change
Beginning 2025 2025 Ending in Fund
Fund Balance Actual Rev. Actual Exp. Balance Balance
Economic Development $ - $ 165,000 $ - $ 165,000 n/a
Neighborhood Development 1,021,927 2,775,851 3,277,658 520,120 (49.1%)
Community Relations 549,516 408,286 640,291 317,511 (42.2%)
Aquatic Center at MLK Jr Park 719,000 77,180 237,196 558,984 (22.3%)
Aquatics Facilities - 1,095,705 1,020,525 75,180 n/a
Clean City Program 869,897 990,118 637,994 1,222,022 40.5%
Cemetery 116,450 465,166 420,450 161,166 38.4%
Emergency Services 589,612 2,717,589 2,182,821 1,124,381 90.7%
Public Safety Communications 1,792,118 4,785,520 5,047,280 1,530,358 (14.6%)
Police Grants 1,140,176 699,035 823,796 1,015,415 (10.9%)
Opioid Lawsuit 904,535 168,528 62,658 1,010,405 11.7%
Downtown Yakima Bus Impr Dist 104,040 200,889 181,546 123,383 18.6%
Trolley 47,796 15,797 7,825 55,768 16.7%
Front Street Business Improvement 6,621 2,600 1,922 7,299 10.2%
Convention&Event Center 1,127,857 2,158,311 2,006,684 1,279,484 13.4%
Capitol Theatre 96,737 403,567 434,411 65,892 (31.9%)
PFD-Convention&Event Center 801,724 1,221,830 875,876 1,147,679 43.2%
Tourism Promotion Area 136,695 1,063,804 1,064,419 136,080 (0.4%)
PFD-Capitol Theatre 970,538 925,731 1,196,343 699,925 (27.9%)
American Rescue Plan Act(ARPA) 67,700 2,421,241 2,421,241 67,700 0.0%
Lodging Tax - 1,809,320 1,531,782 277,538 n/a
Affordable Housing - 973,701 - 973,701 n/a
Total Governmental Operating Funds $ 11,062,940 $ 25,544,768 $ 24,072,716 $ 12,534,991 13.3%
99
Finance Status Report-Page 11
GOVERNMENT CAPITAL FUNDS
2025 As of 12/31/25 2025 %Change
Beginning 2025 2025 Ending in Fund
Balance Actual Rev. Actual Exp. Balance Balance
CBD Capital Improvement $ 55,024 $ - $ - $ 55,024 0.0%
Capitol Theatre Capital 224,258 560,000 255,585 528,673 135.7%
Yakima Revenue Development Area 2,214,921 1,033,520 156,632 3,091,809 39.6%
Parks&Recreation Capital 583,375 4,336,683 3,895,793 1,024,264 75.6%
Fire Capital 573,449 224,804 239,685 558,568 (2.6%)
Law&Justice Capital 1,421,399 414,573 127,527 1,708,444 20.2%
Real Estate Excise Tax(REET 1) 2,771,591 1,571,556 1,016,046 3,327,101 20.0%
Real Estate Excise Tax(REET 2) 389,902 1,487,108 1,256,468 620,542 59.2%
Transportation Benefit District 4,818,377 1,684,099 1,071,144 5,431,331 12.7%
Street Overlay&Reconstruction 3,641,435 11,934,617 10,461,164 5,114,888 40.5%
Convention&Event Center Capital 2,199,865 280,000 191,427 2,288,438 4.0%
Cumulative Reserve Capital 44,073 - - 44,073 0.0%
Total Governmental Capital Funds $ 18,937,666 $ 23,526,960 $ 18,671,472 $ 23,793,155 25.6%
ENTERPRISE OPERATING FUNDS
2025 As of 12/31/25 2025 %Change
Beginning 2025 2025 Ending in Fund
Balance Actual Rev. Actual Exp. Balance Balance
Airport Operating $ 1,602,067 $ 1,820,061 $ 1,715,567 $ 1,706,561 6.5%
Stormwater Operating 3,488,730 4,877,558 5,276,382 3,089,906 (11.4%)
Transit Operating 15,949,179 13,997,471 10,894,248 19,052,403 19.5%
Refuse 5,760,331 10,952,168 10,257,346 6,455,153 12.1%
Wastewater Operating 8,921,967 27,103,872 24,903,745 11,122,094 24.7%
Water Operating 6,930,093 13,669,517 14,185,331 6,414,278 (7.4%)
Irrigation Operating 734,004 2,309,351 2,284,354 759,001 3.4%
Total Enterprise Operating Funds $ 43,386,371 $ 74,729,997 $ 69,516,973 $ 48,599,395 12.0%
ENTERPRISE CAPITAL FUNDS
2025 As of 12/31/25 2025 %Change
Beginning 2025 2025 Ending in Fund
Balance Actual Rev. Actual Exp. Balance Balance
Airport FAA $ 300,437 $ 5,432,202 $ 5,334,603 $ 398,037 32.5%
Stormwater Capital 5,071,479 2,351,823 715,517 6,707,784 32.3%
Transit Capital 5,656,221 1,824,422 1,098,333 6,382,309 12.8%
Wastewater Facilities Capital 2,587,769 1,000,000 535,393 3,052,376 18.0%
Wastewater Construction Capital 7,203,839 2,852,994 4,869,991 5,186,842 (28.0%)
Wastewater Projects Capital 3,386,442 4,040,732 3,298,931 4,128,243 21.9%
Water Capital 14,758,679 4,000,000 5,609,679 13,149,001 (10.9%)
Irrigation Capital (661,833) 6,486,172 5,890,429 (66,090) (90.0%)
Total Enterprise Capital Funds $ 38,303,033 $ 27,988,346 $ 27,352,877 $ 38,938,502 1.7%
NOTE:The negative ending balance for the Irrigation Capital Fund(due to Nelson Dam expenses)will be resolved with the
pending rate study.
200
Finance Status Report-Page 12
INTERNAL SERVICE FUNDS
2025 As of 12/31/25 2025 %Change
Beginning 2025 2025 Ending in Fund
Balance Actual Rev. Actual Exp. Balance Balance
Equipment Rental/Reserves $ 4,142,127 $ 5,788,945 $ 5,578,695 $ 4,352,377 5.1%
Environmental 286,253 96,625 127,463 255,415 (10.8%)
Public Works Administration 717,983 1,691,603 1,764,743 644,843 (10.2%)
Utility Services 731,809 2,379,780 2,379,780 731,809 0.0%
Total Enterprise Operating Funds $ 5,878,172 $ 9,956,952 $ 9,850,681 $ 5,984,444 1.8%
EMPLOYEE BENEFIT RESERVES
2025 As of 12/31/25 2025 %Change
Beginning 2025 2025 Ending in Fund
Balance Actual Rev. Actual Exp. Balance Balance
Unemployment Compensation Rsv $ 465,227 $ 271,675 $ 225,647 $ 511,255 9.9%
Employees Health Benefit Reserve 3,543,240 17,322,212 16,544,530 4,320,921 21.9%
Worker's Compensation Reserve 1,151,702 4,338,842 3,674,720 1,815,824 57.7%
Wellness/Employee Asst Program 230,982 75,000 48,056 257,926 11.7%
Total Employee Benefit Reserves $ 5,391,152 $ 22,007,729 $ 20,492,954 $ 6,905,927 28.1%
RISK MANAGEMENT RESERVE
2025 As of 12/31/25 2025 %Change
Beginning 2025 2025 Ending in Fund
Balance Actual Rev. Actual Exp. Balance Balance
Risk Management Reserve $ 7,551,294 $ 4,559,058 $ 5,601,970 $ 6,508,383 (13.8%)
DEBT SERVICES, CUSTODIAL &TRUST FUNDS
2025 As of 12/31/25 2025 %Change
Beginning 2025 2025 Ending in Fund
Balance Actual Rev. Actual Exp. Balance Balance
Debt Service,Custodial&Trust Funds
Debt Service
PFD LTGO Bonds $ 633,195 $ 1,199,832 $ 1,413,051 $ 419,976 (33.7%)
Miscellaneous LTGO Bonds 17,626 1,299,664 1,299,664 17,626 0.0%
Utility Revenue Bonds
Wastewater LTGO Revenue Bond 15,760 387,550 384,838 18,472 17.2%
Irrigation LTGO Revenue Bond 29,802 274,900 269,075 35,627 19.5%
Wastewater Revenue Bond 1,620,948 - - 1,620,948 0.0%
Custodial&Trust Funds
Custodial Fund 210,587 5,109,636 5,015,895 304,328 44.5%
Cemetery Trust 743,395 48,445 12,000 779,840 4.9%
Total Debt Svc,Custodial&Trust Funds $ 3,271,314 $ 8,320,026 $ 8,394,522 $ 3,196,818 (2.3%)
201
Finance Status Report-Page 13
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202
Finance Status Report-Page 14
City of Yakima ___ _ _ _
._ _ . ___
2025 General Fund • �$:�_ _ .. .. , :_ . .
Preliminary Fourth - . _ , .hripe..rr..' .. 1.
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Quarter Financial ��, r00.
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Presented by: 1------: _ - - '
awara
Craig Warner, Director of Finance & Budget w I Ear- . r
April 21 , 2026 � in-
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April 21,2026,City Council
203
Core Financial Principles for Government
Stewardship and Accountability
Budgetary Integrity
Financial Resiliency and Reserves
Prudent Debt Management
Effective Cash Management
• Long-Term Planning
• Transparency and Openness
April 21,2026,City Council 2
204
General Fund Revenues
001 & 003 - With Transfers
2023 Actual 2024 Actual 2025 Actual 2025 Budget 2026 Budget*
Revenues
Sales Tax 28,371,418 28,076,488 28,584,415 30,623,000 29,400,000
Property Tax 20,937,251 21,367,588 22,028,576 22,497,871 22,351,200
Utility Taxes 21,425,554 21,488,293 24,029,737 21,583,567 23,585,838
Intergovernmental 3,189,146 3,628,878 3,274,876 5,273,964 2,273,836
Charges for Services 3,310,876 3,304,579 3,581,166 3,318,674 1,058,225
Investment Interest/Amort 5,672,936 6,120,118 6,512,002 2,706,900 3,539,401
Licenses& Permits 2,000,113 1,963,097 2,552,340 1,810,750 2,405,250
Fines& Forfeitures 2,048,708 1,779,242 1,995,612 1,620,908 1,897,334
Franchise Fees & 1,444,410 1,747,853 1,363,418 1,603,000 1,510,500
Miscellaneous
Total Revenues $88,400,411 $89,476,135 $93,922,142 $91,038,634 $88,021,584
p
*2026 Q1 Budget Amendment is not included.
April 21,2026,City Council
205
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Sales Tax y 74
G • •
o Utility Tax
$28 Million is 'v •
ris m $24 Million
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Property Tax
. $22 Million T
April 21,2026,City Council
206
Property Tax - Steady Growth
_,
2023 2024 2025 2025 2026
Actual Actual Actual Budget Budget*
I'
Jan 65,431 70,058 64,539 73,764 65,302
Feb 950,058 966,522 912,447 1 ,017,648 923,233
Mar 1 ,115,643 1 ,061 ,909 1 ,151 ,742 1 ,118,081 1 ,165,357
Apr 8,680,847 9,217,230 9,426,435 9,704,794 9,537,863
May 1 ,025,081 788,661 875,976 830,379 886,330
Jun 111 ,304 60,345 125,156 63,537 126,636
Jul 77,032 60,119 91 ,671 63,299 92,755
Aug 106,641 109,755 77,797 115,561 78,717
Sep 349,692 329,277 428,457 346,695 433,521
Oct 7,464,717 7,870,900 8,006,183 8,287,247 8,100,822
Nov 894,186 683,715 809,998 719,881 819,573
Dec 96,620 149,099 58,174 156,986 121 ,091
$ 20,937,251 $ 21 ,367,588 $ 22,028,576 $ 22,497,871 $ 22,351 ,200
*2026 Q1 Budget Amended is not included. April 21,2026,city council
207
Department of Revenue data show that compared to 2024, most major
Sales Tax base sales tax categories are performing below prior-year levels—particularly
Construction, Manufacturing, and Wholesale Trade.
2026
2021 Actua I 2022 Actua I 2024 Actua I 2025 Actua I Budget*
Jan $ 1 ,866,187 $ 2,131 ,469 $ 2,298,837 $ 2,239,499 $ 2,331 ,457
Feb 2,181 ,668 2,455,070 2,558,520 2,550,730 2,655,468
Mar 1 ,831 ,435 1 ,884,397 1 ,990,364 1 ,991 ,452 2,073,224
Apr 1 ,681 ,190 1 ,933,169 2,1 17,779 1 ,896,739 1 ,974,623
May 2,403,405 2,408,664 2,397,732 2,373,896 2,471 ,372
Jun 2,273,936 2,272,599 2,402,379 2,347,196 2,443,576
Jul 2,649,192 (50,204) 2,384,507 2,512,971 2,616,159
Aug 2,450,257 4,917,173 2,498,642 2,622,709 2,730,402
Sep 2,254,712 2,325,302 2,334,266 2,383,920 2,481 ,808
Oct 2,060,604 2,356,506 2,367,066 2,487,019 2,589,140
Nov 2,374,729 2,414,653 2,443,585 2,569,665 2,675,180
Dec 2,718,582 2,398,881 2,137,575 2,394,278 2,492,591
$ 26,745,895 $ 27,447,680 $ 27,931 ,252 $ 28,370,074 $ 29,535,000
*2026 Q1 Budget Amended is not included. April 21,2026,City Council
208
I —
Per City Ordinance
General Clean Capitol
Fund City Pools Theatre Total
Water Utility Tax 20% - - - 20%
Wastewater Utility Tax 20% - - - 20%
Refuse Utility Tax 15% 5% - - 20%
Stormwater Utility Tax 15% - 5% - 20% 1.itility Tax Rates
Electric Utility Tax 6% - - - 6%
Private Water Utility Tax 20% - - - 20%
Private Garbage Utility Tax 16% 9% - - 25%
Gas Utility Tax 6% - - - 6%
Note: Rates for Water,
Cable TV Utility Tax 5% - - 1% 6%
Cellular Utility Tax 6% - _ - 6% Wastewater, Refuse and
Telephone Utility Tax 6% - - - 6% Stormwater will increase in
2026
Brokered Natural Gas Util Tax 6% - - - 6% I
April 21,2026,City Council
209
Utility Taxes — 3 Year Comparison
General Fund Only
_...—..._ __. __
2023 Actual 2024 Pctual 2025 Pctual 2025 Budget 2026 Budget*
Water Uti I i ty $ 2,304,239 $ 2,368,774 $ 2,580,738 $ 2,355,000 $ 2,501,000
Wastewater Uti I i ty 4,855,904 4,838,313 5,160,118 4,971,000 5,097,000
Refuse Uti I i ty 1,470,316 1,530,647 1,584,825 1,480,337 1,585,000
Storm Drainage 613,330 633,218 713,481 633,218 698,004
Electric Utility 6,292,358 6,347,121 7,996,968 6,094,000 7,586,000
Pri vate VVater Utility 1,090,645 1,240,099 1,242,955 1,354,000 1,085,000
Gas Uti I i ty 1,885,330 1,854,907 2,056,367 1,726,000 2,242,000
Private Garbage Utility 1,118,074 1,231,461 1,270,432 1,320,588 1,265,400
Cable lV Uti l i ty 591,714 509,913 445,538 606,424 531,434
Cellular Utility 362,155 264,570 250,423 277,000 226,000
Telephone Uti I i ty 628,715 515,796 559,374 601,000 601,000
Brokered Natural Gas 212,775 153,475 168,518 165,000 168,000
$ 21,425,554 $ 21,488,294 $ 24,029,737 $ 21,583,567 $ 23,585,838
.11
*2026 Q1 Budget Amended is not included. April 21,2026,city council
210
Investment Interest and
Government Accounting
2020 2021 2022 2023 2024 2025 2025 2026
Actual Actual Actual Actual Actual Actual Budget Budget
Jan ($313,436) $121,383 $586,289 ($676,712) ($605,315) ($ 1,706,299) ($267,728) ($ 926,317)
Feb 159,002 67,442 62,669 383,648 177,545 400,083 78,527 217,197
Mar 147,651 50,146 89,671 305,331 370,402 368,567 163,827 200,088
Apr 161,159 102,464 122,335 338,120 340,104 281,412 150,426 152,773
May 140,464 62,684 98,477 339,831 391,002 277,157 172,939 150,463
Jun 123,784 117,284 (687,038) 401,628 405,168 1,483,488 179,204 805,357
Jul 88,115 53,985 101,304 309,231 351,736 327,052 155,571 177,550
Aug 88,837 89,945 179,251 427,509 433,112 423,209 191,563 229,752
Sep 96,034 78,326 227,631 423,714 436,156 515,855 192,910 280,047
Oct 114,698 103,044 246,474 337,532 342,453 177,784 151,466 96,515
Nov 90,396 86,858 267,342 371,347 306,383 522,955 135,512 283,902
Dec 1,136,684 (1,996,141) (1,867,700) 2,711,755 3,171,371 3,440,739 1,402,683 1,872,072
', 2 033 388 ', 1 062 580 ', 573 295 ', 5 672 934 ', 6 120 117 ', 6 512 002 ', 2 706 900 ', 3 539 399
GASB Statement 31 -Investments Impact on financial results
What it requires: Market values are adjusted at year-end
Investments are reported at fair value Unrealized / are recorded in financials.
Annual changes in value are recorded as: This creates significant fluctuations in December.
Investment income ( / )
April 21,2026,City Council 9
211
ARPA/Aff Housing/Ec Dev
Where We S end Streets $971,377
$5,555,266
5.7/° °
° 1.0/° Law&Justice
$7,891,329
Expenditure Categories Parks& 8.1%
Recreation
$97 , 176 , 227 $6,715,802
6.9%
General
Administration
$10,437,474
10.7%
Through early cost-control measures and proactive
response to pending budget reductions, the City
underspent its adopted budget by approximately
4.5%
Public Safety
$65,604,983
67.5%
April 21,2026,City Council 10
212
General Fund Expenses
oo1 & 003 - With Transfers
2023 Actual 2024 Actual 2025 Actual 2025 Budget 2026 Budget
Expenditures
Salaries & Wages 42,863,699 44,890,146 44,658,479 47,876,403 45,418,879
Personnel Benefits 15,383,008 16,030,496 17,317,750 17,703,032 15,560,113
Transfers 15,427,402 19,451 ,106 17,280,394 17,219,468 15,370,556
Services & Charges 10,961 ,667 -116,300 10,222,270 11 ,680,387 9,767,570
Supplies, Equip & 2,360,424 2,548,784 2,341 ,075 2,350,759 2,362,061
Misc
Capital Outlays 399,641 1 ,032,248 586,131 192,199 154,663
Debt Service 259,301 231 ,508 423,897 153,978 146,000
Total Expenditures $ 87,655,140 $ 84,067,988 $ 92,829,996 $ 97,176,226 $ 88,779,842
April 21,2026, City Council
213
What is meant by "Transfers" 'Transfers are built into theet
and support Council priorities.
2025 2026
Transfer To Amended Amended Source Required Purpose
2025 Actual Budget Budget
Public Safety
Police $800,000 $800,000 $681,000 Property Tax Police Pension
Fire 850,000 850,000 850,000 Property Tax Fire Pension
Law & Justice Capital 120,000 120,000 120,000 .03% CJ Tax Criminal Justice
Law & Justice Capital 287,023 287,023 250,000 .03% CJ Tax Criminal Justice
Public Safety Comm 1,650,000 1,650,000 1,800,000 Property Tax Dispatch
Public Safety Comm 270,000 270,000 280,000 .03% CJ Tax Criminal Justice
Subtotal Public Safety 3,977,023 3,977,023 3,981,000
Other Funds
Parks & Recreation 5,041,007 4,980,081 3,665,000 Property & Utility Tax Parks Operations
Streets & Traffic 3,130,000 3,130,000 2,885,000 Property Tax Streets Operations
Aquatics Facilities 700,000 700,000 0 Property Tax Pools Operations
LTGO Bond Debt 450,000 450,000 450,000 Property Tax Parks Charter(YMCA)
LTGO Bond Debt 450,000 450,000 450,000 Property Tax Parks Charter(SOZO)
Parks Capital 135,721 135,721 163,506 Property Tax Parks Charter
Street Overlay & Recon 2,425,266 2,425,266 2,501,050 Property Tax Streets Charter
One time Transfers 971,377 971,377 1,275,000
Total Other Funds 13,303,371 13,242,445 11,389,556
Total Transfers $17,280,394 $17,219,468 $15,370,556
214
m--
Law &Justice
Legal $2,448,270 $3,089,671 $2,794,267
Municipal Court 2,272,858 3,051,658 2,590,940
Indigent Defense 1,844,428 1,750,000 1,800,000
Law&Justice Subtotal 6,565,556 7,891,329 7,185,207
Public Safety
Police 37,999,420 39,951,683 38,186,559
Fire 19,727,390 18,459,325 17,341,237 General Fun d
Code Administration 1,839,357 3,216,952
6,952 1,846,004
Public Safety Subtotal 59,566,167 61,627,960 57,373,800
Law &Justice Subtotal 66,131,723 69,519,289 64,559,007
General Government ExpendituresInformation Technology 5,198,348 5,130,490 5,350,629
Finance 2,092,852 2,101,187 1,941,022
Planning 1,087,150 1,339,388 991,322
Human Resources 1,174,104 1,318,305 1,203,559 (Funds 001 & 003)
Engineering 879,686 1,036,878 1,223,055
City Clerk/Records 757,561 795,648 786,131
Economic Development 593,354 781,498 -
City Management 578,361 678,878 670,549
City Hall Facility 454,163 590,671 495,664
Purchasing 466,955 490,456 486,214
City Council 291,665 330,622 165,712
Intergovernmental 161,228 161,001 167,741
ARPA Loss Revenue 0 0 -
City Service (4,317,546) (4,317,547) (4,631,321)
Reimbursement
Subtotal 9,417,881 10,437,474 8,850,277
Operating Transfers 17,280,394 17,219,465 15,370,556
92,829,998 97,176,228 88,779,840
Apri 1,2026,City Council
215
Financial Resilience and Reserves
Policy that defines reserve levels and when to use reserves and
how to replenish if used
• Standard & Poor's Rating System — 20% of weighting factor to
"reserves and liquidity" — City's last rating was in 2019 and a
reserve level below 15% would likely reduce our credit rating.
Reduction to the reserve level in 2024 was due to an emergency
and should not have been a permanent change.
April 21,2026,City Council 14
216
Policy Recommendation
Update the Reserve policy for the General Fund to a minimum
reserve of 15%
Include in the Reserve policy that if the reserves fall below the
minimum at any time in the future, the City is required to increase
the reserves to meet the minimum reserve level within two budget
cycles.
Funding of $2,759,576 comes from GASB Change of Investment
Value
April 21,2026,City Council
217
Fire Station #92 $1 ,200,000
Council Approved Harmon Center, Washington $375,000
Fruit Center, Lion's Pool (2 mos)
One Time Lions/Franklin Pools $230,000
Allocations
Impact Fee Consultant $100,000
Total $1 ,905,000
� s
April 21,2026,City Council
218
2026 Budget Out of Balance $383,258
2025 PO's $236,443
Budget Designated Snow & Ice Removal $250,000
Allocations
Designated CBA $100,000
Police — Humane Society $32,000
Donation (made in 2025)
Total $1 ,101 ,701
April 21,2026,City Council
219
IT Firewall/Server $325,000
Protect from data breach
City Hall Natural Gas $50,000
Ending Balance & CBA Insurance $260,000
Needs
Justice System $250,000
2025 Ending Balance $1 ,333,850
Represents 1 .4% of 2025 Leave Liability $400,000
General Fund
Overtime — Cruise Nights $40,000
*other charter events
L
April 21,2026,City Council
220
2026 Budget & 2027-28 Budget Development
All known liabilities represented in budget (event overtime,
leave liability, overtime estimates)
• Conservative but not overly conservative — revenues come in
slightly higher and expenses slightly lower than budget
• One-time dollars not expected in 2026
April 21,2026,City Council
221
Questions &
Discussion
April 21,2026,City Council 20
222