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Issaquah finance director reports stronger‑than‑forecast 2025 revenues; council asks for line‑item clarity
Summary
Finance Director Kristen Garcia told the Issaquah City Council that preliminary, unaudited 2025 results show higher revenues than budgeted — including $9.6 million in one‑time asset‑sale proceeds — and an $8.1 million ending unrestricted general fund balance; council members pressed for clearer line‑item and operating vs. capital detail.
At its May 4 meeting the Issaquah City Council heard a preliminary, unaudited year‑end financial update for 2025 from Finance Director Kristen Garcia. Garcia told the council that total city revenues across all funds were about $181 million and that the general fund’s ending unrestricted balance was $8.1 million, roughly 12% of unrestricted expenditures.
Garcia said part of the variance between budget and actuals resulted from a one‑time $9.6 million receipt tied to the sale of northwest City Hall and the food bank; those proceeds were excluded from routine fund‑balance…
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