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Kent staff say general fund revenue tracking ahead of budget; some permit and fine categories lagging
Summary
City finance staff told the council the July 2025 monthly financial report projects the general fund will finish the year about $3 million over budget and expenditures about $2 million under budget, driven by stronger-than-expected sales-tax and interest receipts while permits and fines remain below 2024 levels.
Michelle Frankerson presented the July 2025 monthly financial report to the Kent City Council Committee of the Whole, saying the city now uses estimated actuals at midyear to project year-end results. "Sales tax is estimated to come in over budget by about 750 to a million dollars," Frankerson said, adding August receipts were also higher than in 2024. The report notes other revenues—intergovernmental revenue, charges for services and miscellaneous revenues—are higher in 2025 than the same point in 2024, while…
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