Operational revenue for the month of March was $558,600, lower than budget by $10,200. Property taxes were less than estimates,
offset by real estate excise taxes which were greater than estimates. All other operational revenues were very close to estimates.
Capital revenue for the month was higher than expected due to receipts from grants for 2013 projects $25,900 and receipt of the
$30,000 billed to WSDOT for consideration of the value of the City right of way used in conjunction with the George Sellar Bridge
interchange. Operating expenses for March were less than budget, $598,800 actual versus $619,400 budget. Capital expenses
were higher than budget due to the purchase of the two lots at the bottom of 15th street costing $296,269, but not originally scheduled
for purchase until April.