This slide presents the Economic Development Division's Profit & Loss Rollup, showing 2025 YTD actual revenues of $11K against a budget of $2K and total operating expenses of $827K, with a net income of ($823K). Key variances include a $51K benefit from GASB 87 reclassification at Duwamish Hub and timing of contract payments; the forecast notes planned spending to budget with increases driven by a two-year cycle impact for EDD Grants in Q4 and payroll growth.Open full document
Notes
This slide presents the Economic Development Division’s Profit & Loss Rollup, showing 2025 YTD actual revenues of $11K against a budget of $2K and total operating expenses of $827K, with a net income of ($823K). Key variances include a $51K benefit from GASB 87 reclassification at Duwamish Hub and timing of contract payments; the forecast notes planned spending to budget with increases driven by a two-year cycle impact for EDD Grants in Q4 and payroll growth.
