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City of Edmonds

Faith Community Church Town Hall

� Introduction

� General Fund Revenue Overview

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Revenue Trend Analysis (General Fund)

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2012 2013 2014 2015 2016Budget

FY 2012 - FY 2016

Other Revenues

Service Charges

Licenses & Permits

Sales Tax

Utility Tax

Property Tax

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Revenue Trend Analysis (General Fund)

Property Tax,

14,705,650

Miscellaneous,

495,210

Sales Tax,

6,144,400

Fines &

Forfeitures,

522,130

Utility Tax,

6,789,980

Other Taxes,

939,340

Licenses &

Permits,

2,011,120

Intergovernment

1,094,820

Service

Charges,

5,738,180

Transfers,

825,840

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City’s Top Ten Revenues

Ranking Fund Revenue DescriptionAmount

Budgeted

YTD 12/31

Receipts

1 General Fund REAL PERSONAL / PROPERTY TAX $9,999,850 $9,982,341

2 Emeergency Medical Services Fund LOCAL RETAIL SALES/USE TAX $5,627,000 $6,811,908

3 Water Fund METER WATER SALES $5,964,343 $6,088,017

4 Sewer Fund UNMETER SEWER SALES $5,692,773 $5,762,218

5 General Fund EMS PROPERTY TAX $3,395,376 $3,391,794

6 Stormwater Fund STORMWATER SALES $3,130,447 $3,172,196

7 Street Construction Fund 228TH ST SW CORRIDOR GRANT $3,277,760 $2,645,295

8 General Fund ELECTRIC UTILITY TAX $1,533,800 $1,578,348

9 (tie) Real Estate Excise Tax Fund II LOCAL REAL ESTATE TAX-SECOND $900,000 $1,371,690

9 (tie) Real Estate Excise Tax Fund I LOCAL REAL ESTATE TAX-FIRST $900,000 $1,371,690

Total $40,421,349 $42,175,496

Percent of Total Budget and Total Revenues 40% 56%

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$4.81

$4.60

$4.30

$4.12

$4.10

$3.99

$3.85

$3.66

$3.29

$3.12

$3.07

$2.83

$2.75

$2.74

$2.46

$2.45

$2.19

$2.12

$2.05

$1.98

$0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 $5.50

Sultan

Gold Bar

Stanwood

Monroe

Darrington

Granite Falls

Index

Lake Stevens

Snohomish

Marysville

Everett

Mill Creek

Arlington

Lynnwood

Mountlake Terrace

Edmonds

Bothell

Mukilteo

Brier

Woodway

2016 Municipal Property Tax Rates

(Includes, City, Fire, Library, Parks & Bonds)

(Rounded to nearest penny)

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Home Values are Recovering

$534,125

$384,197

$570,845

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Value History of Home Purchased in2007 for $458,132

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Property Tax, (continued)

Year

Total Assessed Value

(AV)

New Construction

AV

Regular Property Tax Revenue

From New Construction

2017 $7,817,961,897 $48,673,430 $66,480

2016 $7,325,526,408 $43,500,982 $64,017

2015 $6,748,918,346 $26,567,300 $42,748

2014 $6,081,784,962 $20,626,738 $36,334

2013 $5,515,379,678 $29,860,169 $49,592

2012 $5,773,373,989 $21,270,476 $31,409

2011 $6,415,254,393 $18,004,460 $24,288

2010 $6,936,919,150 $18,563,567 $22,274

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Sales Tax Revenue

Retail Eating & Drinking 489,624

Health & Personal Care 59,115

Contractors 604,113

Wholesale Trade 155,885 Communications 142,437

Misc Retail Trade 469,065

Accommodation 23,603

Business Services 264,995

Amusement & Recreation 39,472

Retail Food Stores 154,140

Others 196,139

Clothing and Accessories 125,772

Retail Automotive 1,000,996

Automotive Repair 98,894

Gasoline Stations 19,225

Sales Tax Analysis By Category

Current Period: July 2016

Year-to-Date

Total $3,843,476

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Sales Tax Revenues

($150,000) ($100,000) ($50,000) $0 $50,000 $100,000 $150,000

Contractors

Communications

Automotive Repair

Gasoline Stations

Health & Personal Care

Clothing and Accessories

Accommodation

Wholesale Trade

Amusement & Recreation

Others

Retail Food Stores

Business Services

Retail Eating & Drinking

Misc Retail Trade

Retail Automotive

Total

($127,519)

($19,655)

($15,793)

($293)

$775

$1,691

$1,753

$2,769

$2,931

$20,170

$31,605

$36,737

$51,146

$59,031

$93,359

$138,708

Change in Sales Tax Revenue:

July 2016 compared to

July 2015

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Questions?