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City finance director briefs council on March quarterly report; council adopts April budget amendment
Summary
Finance Director presented March 2025 quarterly reports, warned of cash-flow timing and noted interfund loans and debt; council approved an ordinance amending the budget (Ordinance 4392) after discussion of fund-balance reconciliation and specific overages.
The Edmonds finance director presented the March 2025 quarterly financial report at the May 6 council meeting and told council members the city is monitoring revenues, expenditures and several one-time timing items.
Director Gold (identified in the packet and testimony as "Director Gold") told council supplemental reports had been added, including two-year budget forecasts and a debt summary. She said the finance team now produces trend analyses that compare year-to-date activity across multiple years and that staff will bring updated projections to a longer, full-day budget workshop later in the week.
Council members pressed for explanations of specific variances. Council member Dasch noted that…
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