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Mukilteo finance director reports FY25 Q4: revenues ahead, some funds show temporary deficits
Summary
Finance Director Anna Maria Nunez told council revenues are at 100.7% of the amended FY25 budget and expenditures 93.8%; she flagged negative ending balances for waterfront parking and EMS driven by lower-than-expected ambulance transport revenue and timing issues, and council asked for follow-up reporting and staffing/org-chart review.
Finance Director Anna Maria Nunez presented the City of Mukilteo's FY25 fourth-quarter financial reports at the March 30 special meeting, reporting overall revenues at 100.7% of the amended budget and expenditures at 93.8%.
Nunez said the general fund's revenues exceeded expenditures for the fifth straight year, increasing the general fund ending balance to about $281,665. She acknowledged two funds with negative ending balances: waterfront parking and Emergency Medical Services (EMS). For EMS, Nunez said lower-than-expected ambulance transports (about 500 transports versus a budgeted 700) reduced anticipated transport revenue by roughly $200,000; she explained that timing and amended-budget assumptions contributed to the negative position.
Councilmember Dixon asked why the waterfront parking fund was left negative rather than covered by a transfer; Nunez said transfers to waterfront parking are not customary and that she would confirm whether a transfer had been made. Councilmembers also asked whether vacancy savings contributed to lower expenditures; Nunez said vacancies played a role but that department heads also curtailed discretionary spending.
On capital projects, council members asked whether underspending indicated project delays. City staff explained capital projects and many design/construction schedules can span multiple years, and unspent capital funds are often carried forward until the project proceeds.
Councilmember Dixon requested that the agenda-setting committee add a future agenda item to review finance-department staffing and an organizational chart so the council can assess capacity and the plan for meeting reporting deadlines. Councilmember Champion asked for a ballpark outlook for the remainder of the budget year; staff said the long-range financial plan guides those projections but cautioned that seasonal revenues make short-term forecasting uncertain.
The council accepted the report and asked staff to provide more detailed follow-up on waterfront parking, EMS revenues, vacancy savings and specific capital-project reporting for a future meeting.
