No surprises in 2nd quarter financial update
Last updated 8/26/2020 at 11:42am
There were few surprises in Mukilteo Finance Director Michelle Meyer’s second quarter financial report to the City Council Monday, Aug, 17.
Overall general fund revenues are down 5% year to date (YTD), with the most significant declines in recreation revenues, as well as fines and penalties. Overall general fund expenditures are down 4.4% (YTD).
The primary causes for the revenue declines are an anticipated 10% sales tax decline, closure of Rosehill through September and Lighthouse Park’s closure from late March until early May.
The Rosehill Community Center closed in March due to the C...