https://almanac.conventioncityseattle.com/tags/bonds/Recent content in Bonds on Convention City AlmanacHugoen-us© 2026 Ivan Schneider · <a href="https://conventioncityseattle.com/">Convention City Seattle</a> · Licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a>Sat, 28 Mar 2026 00:00:00 +0000https://almanac.conventioncityseattle.com/cities/seattle/finance/Sat, 28 Mar 2026 00:00:00 +0000https://almanac.conventioncityseattle.com/cities/seattle/finance/<h1 id="seattle-finance">Seattle: Finance<a class="anchor" href="#seattle-finance">#</a></h1> <p>Audited financials, bond documents, lodging tax, and reserve status for the WSCC Public Facilities District.</p> <p><strong>Primary sources:</strong> Moss Adams LLP audited financial statements (<a href="https://seattlecc.com/governance/financial-reports/">seattlecc.com/governance/financial-reports/</a>), bond official statements from <a href="https://emma.msrb.org/">EMMA</a>, PFD board meeting minutes (2018–2025).</p> <hr> <h2 id="operating-performance">Operating Performance<a class="anchor" href="#operating-performance">#</a></h2> <p><em>FY2024 audited (Moss Adams, May 16, 2025). FY2025 unaudited (PSBJ report, March 26, 2026).</em></p> <table> <thead> <tr> <th></th> <th>FY2023</th> <th>FY2024</th> <th>FY2025 (unaudited)</th> </tr> </thead> <tbody> <tr> <td>Operating revenue</td> <td>$47.1M</td> <td>$58.6M</td> <td>$66.5M</td> </tr> <tr> <td>Operating expenses</td> <td>$120.2M</td> <td>$128.0M</td> <td>~$65.1M (claimed)</td> </tr> <tr> <td>Operating income (GAAP)</td> <td>-$73.1M</td> <td>-$69.4M</td> <td>+$1.4M (claimed)</td> </tr> <tr> <td>Depreciation (included above)</td> <td>~$52M</td> <td>$52.9M</td> <td>?</td> </tr> </tbody> </table> <p>The $70.8M gap between FY2024&rsquo;s -$69.4M GAAP loss and FY2025&rsquo;s claimed +$1.4M income warrants examination when the FY2025 audit is released (expected October 2026).</p>