Seattle: Finance#
Audited financials, bond documents, lodging tax, and reserve status for the WSCC Public Facilities District.
Primary sources: Moss Adams LLP audited financial statements (seattlecc.com/governance/financial-reports/), bond official statements from EMMA, PFD board meeting minutes (2018–2025).
Operating Performance#
FY2024 audited (Moss Adams, May 16, 2025). FY2025 unaudited (PSBJ report, March 26, 2026).
| FY2023 | FY2024 | FY2025 (unaudited) | |
|---|---|---|---|
| Operating revenue | $47.1M | $58.6M | $66.5M |
| Operating expenses | $120.2M | $128.0M | ~$65.1M (claimed) |
| Operating income (GAAP) | -$73.1M | -$69.4M | +$1.4M (claimed) |
| Depreciation (included above) | ~$52M | $52.9M | ? |
The $70.8M gap between FY2024’s -$69.4M GAAP loss and FY2025’s claimed +$1.4M income warrants examination when the FY2025 audit is released (expected October 2026).