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HomeMy WebLinkAbout2026-03_MAR_Treasurer_RevenueReports_slides JEFFERSON COUNTY TREASURER JEFFERSON COUNTY BUDGET COMMITTEE Treasurer’s March 2026 Revenue Reports Meeting Slide Deck ~ Full reports are available ~ It’s helpful if you print or view the full reports for details. The slides are intended to provide an overview and accommodate the limitations of presenting on a screen. Slides are numbered at the bottom of each page and correspond to the full revenue report packet. March 2026 GENERAL FUND REVENUE 2022 2023 2024 2025 2026 TOTAL CURRENT EXPENSE 4,549,555 5,179,083 5,297,934 5,883,731 5,461,331 TOTAL CURRENT EXPENSE ACTUAL/CY BUDGET 24,368,204 28,311,245 28,679,864 28,933,857 28,474,383 YTD % of Full Year Actual, CY Budget 18.7%18.3%18.5%20.3%19.2% 24,368,204 28,311,245 28,679,864 28,933,857 28,474,383 18.7%18.3%18.5%20.3%19.2% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 2022 2023 2024 2025 2026 TOTAL CURRENT EXPENSE ACTUAL/CY BUDGET TOTAL CURRENT EXPENSE 2026March 2 Page 2 of 17 March 2026 GENERAL FUND REVENUE 2022 2023 2024 2025 2026Assessor2,115 1,893 1,832 2,192 7,048Auditor-M.V. License Fees 78,547 84,682 75,580 74,568 85,555Auditor-Other Revenue 4,505 3,811 6,621 15,878 10,033Auditor-Recording Fees 20,277 11,322 9,670 10,942 13,215Elections195,012 54,696 284,270 147,792 291,908Clerk43,719 45,122 31,667 26,498 28,137County Administrator 4,142 4,142 4,658 5,051 0Commissioners2,146 1,223 1,094 1,185 6,403Board of Equalization 0 0 0 0 0Civil Service Commission 0 0 0 0 0Planning Commission 0 0 0 0 0Safety & Security/Emergency Mgmt 15,396 0 31,866 10,000 25,201Community Services 114 5,352 114 259,901 123District Court 181,051 130,039 135,110 130,491 139,097Juvenile Service 65,839 41,726 89,260 72,732 109,717Prosecuting Attorney 99,311 69,014 67,096 91,423 84,167Coroner6,000 7,800 4,800 4,800 9,000Sheriff 100,961 185,271 176,375 261,387 182,022Superior Court 0 4,580 10,807 4,500 4,866Therapeutic Courts Case Mgmt 0 0 0 9,818 0Property Tax 1,125,642 1,131,618 1,119,654 1,097,848 1,153,316Diverted Road Prop Tax 91,058 80,412 77,971 62,826 02 Public Safety Enhancement 0 0 0 0 02 Sales Tax - Local Criminal Justice 127,214 141,720 145,287 183,950 148,3122 Sales Tax - Retail Sales Tax 1,102,676 1,187,923 1,206,615 1,658,194 1,289,7022 Sales Tax - Special Purpose 308,129 348,087 354,402 451,333 363,7703 DUI/OTH CRMNL JSTC ASIST 147,173 115,170 116,278 140,426 144,2464 PILT - Federal 0 0 0 0 04 PILT - State & Local 0 0 0 0 04 PUD Privilege Tax 412,849 436,839 494,176 463,087 433,4005 CANNABIS EXCISE TAX 14,567 15,453 18,072 15,043 12,9635 DNR Timber, Trust & Lease 38,098 142,471 18,472 2,947 3,0105 Leasehold Excise 26,244 26,916 26,907 13,027 13,2435 Liquor Board Profits and Excise 37,826 37,838 37,175 36,308 35,2625 Timber Excise (TAV)87,818 144,100 138,442 30,547 6,7076 Treas Collection Fees (REET)21,834 12,848 17,429 18,350 16,1566 Treas Invest & Other Collection 3,297 20,860 11,190 10,748 9,9207 Delinquent Taxes Interest 50,497 58,938 46,247 49,496 77,6187 Delinquent Taxes Penalties 36,169 14,647 12,090 10,631 17,2438 Investment Income 14,625 500,331 582,403 451,299 365,0799 Interfund Charge - Cost Allocation 21,176 11,780 12,324 12,741 13,103Treasurer Other Revenue 3,126 13,529 77,498 8,768 4,855Treasurer Transfer In 10,409 753 -179,820 750 294,753Non Departmental 49,994 86,176 34,297 36,256 62,183TOTAL CURRENT EXPENSE 4,549,555 5,179,083 5,297,934 5,883,731 5,461,331TOTAL CURRENT EXPENSE ACTUAL/CY BUDGET 24,368,204 28,311,245 28,679,864 28,933,857 28,474,383 YTD % of Full Year Actual, CY Budget 18.7%18.3%18.5%20.3%19.2% Auditor-M.V. License Fees Auditor-M.V. License Fees Auditor-M.V. License Fees Auditor-M.V. License Fees Auditor-M.V. License Fees Sheriff Sheriff Sheriff Sheriff Sheriff 2 Sales Tax -Retail Sales Tax 2 Sales Tax -Retail Sales Tax 2 Sales Tax -Retail Sales Tax 2 Sales Tax -Retail Sales Tax 2 Sales Tax -Retail Sales Tax 2 Sales Tax -Special Purpose 2 Sales Tax -Special Purpose 2 Sales Tax -Special Purpose 2 Sales Tax -Special Purpose 2 Sales Tax -Special Purpose 3 DUI/OTH CRMNL JSTC ASIST 3 DUI/OTH CRMNL JSTC ASIST 3 DUI/OTH CRMNL JSTC ASIST 3 DUI/OTH CRMNL JSTC ASIST 3 DUI/OTH CRMNL JSTC ASIST 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 2022 2023 2024 2025 2026 GENERAL FUND REVENUE YTD Non Departmental 7 Delinquent Taxes Interest 6 Treas Invest & Other Collection 6 Treas Collection Fees (REET) 5 Timber Excise (TAV) 5 Liquor Board Profits and Excise 5 Leasehold Excise 5 DNR Timber, Trust & Lease 5 CANNABIS EXCISE TAX 4 PUD Privilege Tax 4 PILT - State & Local 4 PILT - Federal 3 DUI/OTH CRMNL JSTC ASIST 2 Sales Tax - Special Purpose 2 Sales Tax - Retail Sales Tax 2 Sales Tax - Local Criminal Justice 2 Public Safety Enhancement Diverted Road Prop Tax Property Tax Therapeutic Courts Case Mgmt Superior Court Sheriff Coroner Prosecuting Attorney Juvenile Service District Court Community Services Safety & Security/Emergency Mgmt Planning Commission Civil Service Commission Board of Equalization Commissioners County Administrator Clerk Elections Auditor-Recording Fees Auditor-Other Revenue Auditor-M.V. License Fees Assessor 2026March 3 Page 3 of 17 March 2026 OTHER FUND REVENUE BY TYPE Fund #2022 2023 2024 2025 2026 SPECIAL REVENUE 103-199 5,135,602 5,710,892 7,315,363 5,253,155 6,529,421 DEBT SERVICE 200-299 1 17 43,316 18 1,014,163 CAPITAL IMPROVEMENT 300-399 1,630,535 455,278 461,367 618,193 479,051 ENTERPRISE 400-499 1,567,400 1,564,243 2,357,129 4,931,886 3,379,538 INTERNAL SERVICE 500-599 1,657,074 1,494,284 1,700,421 1,928,648 1,692,861 TOTAL OTHER FUNDS 9,990,613 9,226,737 11,877,596 12,731,900 13,095,035 FULL YEAR/CY BUDGET 49,829,791 48,433,474 64,786,498 70,385,220 57,776,694 YTD % OF FY/CY BUDGET 20.0%19.1%18.3%18.1%22.7% 20.0%19.1%18.3%18.1% 22.7% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% - 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 2022 2023 2024 2025 2026 OTHER FUND REVENUE BY TYPE INTERNAL SERVICE 500-599 ENTERPRISE 400-499 CAPITAL IMPROVEMENT 300-399 DEBT SERVICE 200-299 SPECIAL REVENUE 103-199 TOTAL OTHER FUNDS FULL YEAR/CY BUDGET YTD % OF FY/CY BUDGET 5 Page 5 of 17 OTHER FUND REVENUE BY FUND Fund #2022 2023 2024 2025 2026 March 2026 Elections CARES Act 103 - - - - - HAVA 3 Grant 104 35 978 1,008 856 753 Auditor's O & M 105 7,580 5,379 5,500 5,671 23,849 Court Facilitator 106 1,500 1,340 1,360 1,599 1,850 Boating Safety 107 3,863 3,750 18,492 3,750 2,500 WSU Cooperative (w/4H historical)108 108,382 112,142 133,285 145,367 130,829 Noxious Weed 109 28,987 45,414 64,785 38,468 56,195 JeffComCap 119 119 69,150 78,545 76,909 76,909 76,909 Crime Victim's Svc 120 29,545 29,380 42,698 20,274 23,071 Grant Mgmt 123 22,971 144,302 - 20,931 751 Hotel-Motel 125 161,370 187,356 124,710 133,898 120,932 H&HS Site Abatement 126 - 250 1,803 5,409 - Jeff Co Public Health 127 1,976,000 1,817,563 2,885,171 1,574,952 1,494,640 Water Quality 128 226,996 224,073 230,016 227,911 216,965 Water Quality Land Acq 129 - - - - - Mental Health 130 7,300 8,189 7,406 6,574 6,790 Chem Dep Mnt Hlth tx 131 176,168 196,204 201,269 255,919 206,422 Opiod Settlements Fund 132 - - - - - JC Inmate Commissary 134 3,020 5,708 5,270 4,509 5,093 Drug Fund 135 (3,350) 109 17 15 13 Law Library 140 2,862 3,160 10,337 10,389 8,443 Trial Court Imprvmnt 141 5,671 5,619 - 6,997 6,998 Community Develpmnt 143 577,537 496,090 750,532 727,524 569,026 Federal Forest Title III 147 56 1,966 1,108 55 19,010 Jeff Co Affrdbl Hsg 148 206,268 229,151 221,066 269,952 214,848 Homeless Housing Fund 149 81,759 86,039 48,070 197,434 145,606 Treasurer's O & M 150 189 1,088 689 3,143 1,383 REET technology 151 3,638 2,419 2,320 2,557 2,738 Veteran's Relief 155 14,640 14,927 10,257 9,060 8,916 Water Pollution Cntrl 160 - - - - - Park & Rec 174 189,782 215,653 239,793 264,554 185,624 County Park Imprvmnt 175 - - 6,415 25 30 Post Harvest Timber Mgmt Rsv 178 4 110 138 117 103 County Roads 180 1,233,678 1,793,990 2,224,939 1,238,337 2,762,641 Jeff Co Emergency Rd Rsrv Fund 181 1 - - - - Transportation Benefit Dist (JCTBD)182 - - - - 236,492 Flood/Storm Water Mgmt 185 - - - - - Brinnon Flood Control 186 - - - - - Quilcene Flood Control 187 - - - - - RID Bonds 202 0 - - - - Debt Service 204 1 17 43,316 18 1,014,163 Const/Renovation 301 1,029,119 2,292 2,397 2,481 2,549 Capital Improvement 302 375,218 211,884 214,181 304,373 226,346 HJC Park Jump 304 27,403 631 525 8,531 625 Public Infrastructure 306 160,012 189,040 195,792 258,298 205,646 Conservation Futures 308 38,783 51,431 48,471 44,509 43,885 Solid Waste 401 1,018,776 1,159,314 1,159,556 1,153,610 1,214,644 Solid Waste Post Clos 402 12 301 299 191 116 Solid Waste Eqpt Res 403 314 10,171 12,814 6,035 6,273 Yard Waste Educ Fnd 404 3 88 83 117 100 PHUGA Sewer Capital fund 405 548,294 394,369 1,184,377 3,771,933 2,107,686 PHUGA Sewer Operations Fund 406 - - - - 50,720 Equipment Rental 501 501,673 522,559 562,961 648,980 612,852 Risk Management 502 - - - - - Benefit Reserve 505 100,827 100,999 113,262 123,388 119,285 Information Services 506 729,580 531,764 630,092 708,595 596,622 Facilities Mgmt eff 6/21 507 324,994 338,962 394,107 447,684 364,102 Jeff Co Public Health , … County Roads , 2026 Solid Waste , 2026 PHUGA Sewer Capital $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 2022 2023 2024 2025 2026 OTHER FUND REVENUE BY FUND Facilities Mgmt eff 6/21 Information Services Benefit Reserve Risk Management Equipment Rental PHUGA Sewer Operations Fund PHUGA Sewer Capital fund Yard Waste Educ Fnd Solid Waste Eqpt Res Solid Waste Post Clos Solid Waste Conservation Futures Public Infrastructure HJC Park Jump Capital Improvement Const/Renovation Debt Service RID Bonds Quilcene Flood Control Brinnon Flood Control Flood/Storm Water Mgmt Transportation Benefit Dist (JCTBD) Jeff Co Emergency Rd Rsrv Fund County Roads Post Harvest Timber Mgmt Rsv County Park Imprvmnt Park & Rec Water Pollution Cntrl Veteran's Relief REET technology Treasurer's O & M Homeless Housing Fund Jeff Co Affrdbl Hsg Federal Forest Title III Community Develpmnt Trial Court Imprvmnt Law Library Drug Fund JC Inmate Commissary Opiod Settlements Fund Chem Dep Mnt Hlth tx Mental Health Water Quality Land Acq Water Quality Jeff Co Public Health H&HS Site Abatement Hotel-Motel Grant Mgmt Crime Victim's Svc JeffComCap 119 Noxious Weed WSU Cooperative (w/4H historical) Boating Safety Court Facilitator Auditor's O & M HAVA 3 Grant Elections CARES Act 6 Page 6 of 17 Jefferson County Treasurer February 2026 Information current as of 4/13/2026 REQUIRED RESERVE * In 2019, Resolution 41-19 changed the reserve to 15% of the GF Total Spending and eliminated the Revenue Stabilization Reserve - changes with appropriations throughout year Year End, CY is YTD BALANCES January February March April May June July August September October November December 13th Month Total Reserve Non-Reserve Cash Balance 2021 8,113,654$ 7,894,628$ 7,292,627$ 9,257,492$ 8,972,934$ 10,082,081$ 9,312,713$ 8,345,143$ 7,775,786$ 8,938,894$ 8,525,829$ 8,011,624$ 8,011,624$ 2021 $ 3,655,714 4,355,910$ 2022 7,593,140$ 5,616,337$ 6,517,369$ 8,801,638$ 8,570,220$ 9,593,296$ 9,062,286$ 8,247,770$ 7,593,055$ 8,925,753$ 8,415,851$ 8,098,994$ 6,736,342$ 2022 $ 3,670,949 3,065,392$ 2023 7,065,714$ 6,597,055$ 6,963,369$ 9,347,020$ 9,569,516$ 10,937,285$ 10,267,490$ 9,800,364$ 9,662,361$ 11,320,017$ 10,983,540$ 10,426,970$ 9,277,343$ 2023 $ 3,917,426 5,359,917$ 2024 9,382,069$ 8,839,792$ 8,880,712$ 11,270,349$ 11,480,395$ 12,338,051$ 11,538,700$ 10,507,835$ 9,880,665$ 10,784,333$ 9,979,529$ 9,722,133$ 8,416,452$ 2024 4,432,617$ 3,983,835$ 2025 8,460,721$ 7,066,412$ 7,028,206$ 9,408,582$ 8,431,332$ 9,597,701$ 8,359,566$ 6,947,932$ 6,407,611$ 7,792,473$ 6,505,870$ 5,805,363$ 4,942,148$ 2025 4,848,577$ 93,571$ 2026 5,708,541$ 4,440,757$ 6,044,080$ 2026 4,436,691$ 1,607,390$ January February March April May June July August September October November December 13th Month Total Reserve Non-Reserve Cash Balance 2026 BDGT Exp 29,577,938 29,577,938 29,577,938 29,577,938 29,577,938 29,577,938 29,577,938 29,577,938 29,577,938 29,577,938 29,577,938 29,577,938 29,577,938 2026 4,436,691$ 1,607,390$ 15% Reserve 4,436,691 4,436,691 4,436,691 Non-Reserve Cash Bal 1,271,850 4,066 1,607,390 $- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000 2021 2022 2023 2024 2025 2026 Reserve and Cash Balance Composition Prior Year End Actual and CY Budget Total Reserve Non-Reserve Cash Balance 2021 2022 2023 2024 2025 2026 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 January March May July September November 13th Month General Fund Cash Balance $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 Ju l y Oc t o b e r Ja n u a r y Ap r i l Ju l y Oc t o b e r 13 t h M o n t h Ma r c h Ju n e Se p t e m b e r De c e m b e r Fe b r u a r y Ma y Au g u s t No v e m b e r Ja n u a r y Ap r i l Ju l y Oc t o b e r 13 t h m o n t h Ma r c h 2021 2021 2022 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 2025 2025 2025 2026 General Fund Cash Balance with Reserve BALANCES Cash Balance Reserve 8 Page 8 of 17 Regular & Optional and Special Purpose Sales Tax Year Period Month20263March March Actual YTD 2026 FY Budget YTD % of Budget Public Safety Tax 104,791 363,770 1,870,678 19.45% Regular & Optional Tax 365,611 1,289,702 6,741,373 19.13% Total 470,403 1,653,472 8,612,051 19.20% Cumulative Actual YTD 1,653,472 1,653,472 Cumulative Actual YTD Monthly Budget 6.5%1,901,091 Monthly Budget Cumulative Budget YTD 22.9%1,901,091 Cumulative Budget YTD -13.0%% Budget Difference -21.0%% Difference Prior Year 87.0%Cumulative % of Expected $7,490,324 EOY Projection ($1,121,727)Projection +/- EOY Budget - 200,000 400,000 600,000 800,000 1,000,000 2026 Monthly Actual and Budget Total Monthly Budget ($2,000,000)($1,000,000)$0$1,000,000$2,000,000$3,000,000$4,000,000$5,000,000$6,000,000$7,000,000$8,000,000$9,000,000$10,000,000 2026 Cumulative Actual,Budget and Projection Cumulative Actual YTD Projection +/- EOY Budget Cumulative Budget YTD 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000 2022 2023 2024 2025 2026 Regular & Optional and Special Purpose Sales Tax December November October September August July June May April March February January FY Actual/ CY Budget 2026March 9 Page 9 of 17 Sales Tax by Sector Distribution in March 2026 Sales Tax Revenue by SectorCategory %$% of Tot Chg %$% of Tot Chg %$% of Tot Chg All Sales YTD -23%(345,950) 100.0%-14%(22,540) 100.0%-22%(368,490) 100.0%RETAIL YTD 0%(1,513) 0.4%-2%(1,142) 5.1%-1%(2,655) 0.7%CONSTRUCTION YTD -50%(346,348) 100.1%-48%(22,319) 99.0%-50%(368,667) 100.0%ACCOMMODATION & FOOD SERVICES YTD -22%(15,483) 4.5%-6%(900) 4.0%-19%(16,383) 4.4% Unincorp Jefferson County City of Port Townsend All County and City 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 YTD This YearYTDLast Year All YTD Revenue by Sector Last Year and This Year Utilities Mining, Quarrying, Oil & Gas Extraction Agriculture, Forestry, Fishing & Hunting Unclassified Public Administration & Other Services Accommodation & Food Services Arts, Entertainment & Recreation Health Care and Social Assistance Educational Services Admin & Support, Waste Mgmt & Remediation Svcs Professional, Scientific & Technical Services Real Estate, Rental & Leasing Finance & Insurance Information Wholesale Trade Retail Trade Transportation & Warehousing Manufacturing Construction Construction Manufacturing Wholesale Trade Retail Trade Transportation & Warehousing InformationFinance & Insurance Real Estate, Rental & Leasing Professional, Scientific & Technical … Admin & Support, Waste Mgmt & Remediation Svcs Educational Services Health Care and Social Assistance Arts, Entertainment & Recreation Accommodation & Food Services Public Administration & Other Services Unclassified Agriculture, Forestry, Fishing & HuntingMining, Quarrying, Oil & Gas Extraction Utilities Unincorporated Jefferson County, WA Construction Manufacturing Wholesale Trade Retail TradeTransportation and Warehousing Information Finance and Insurance Real Estate and Rental and Leasing Professional, Scientific, and Technical Services Admin & Support, … Educational Services Health Care and Social Assistance Arts, Entertainment, and Recreation Accommodation and Food Services Public Administration & Other Services Natural Resources, Utilities & Unclassified City of Port Townsend, WA Construction Manufacturing Wholesale Trade Retail Trade Transportation & Warehousing InformationFinance & Insurance Real Estate, Rental & Leasing Professional, Scientific & Technical Services Admin & Support, Waste Mgmt & Remediation Svcs Educational Services Health Care and Social Assistance Arts, Entertainment & Recreation Accommodation & Food Services Public Administration & Other Services Unclassified Agriculture, Forestry, Fishing & Hunting Mining, Quarrying, Oil & Gas Extraction Utilities All Current Period This Year 11 Page 11 of 17 Real Estate Excise Tax (REET) - Fund 302 Capital Improvement Year Period Month20263March Full Year YTD 172,116 172,116 2026 Actual 172,116 Cumulative Actual YTD 1,500,000 224,219 Monthly Budget 224,219 Cumulative Budget YTD 14.9%Est Budget Monthly Dist % 11.5%Actual % of Annual Budget -23.2%% Budget Difference -43.4%% Difference Prior Year 76.8%Cumulative % of Expected $1,151,433 EOY Projection ($348,567)Projection +/- EOY Budget 0 50,000 100,000 150,000 200,000 250,000 300,000 2026 Monthly Actual and Budget 2026 Actual Monthly Budget (500,000) - 500,000 1,000,000 1,500,000 2,000,000 2026 Monthly Actual and Budget Cumulative Actual YTD Projection +/- EOY Budget Cumulative Budget YTD - 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 2022 2023 2024 2025 2026 Real Estate Excise Tax (REET) -Fund 302 Capital Improvement December November October September August July June May April March February January 2026 14 Page 14 of 17 Special Hotel/Motel Sales Tax & Transient Rental State Share - Fund 125 Year Period Month 2026 3 March March Full Year 2026 Budget YTD % of Budget Special Hotel/Motel Tax 19,773 $56,923 330,000 17.25% Transient Rental (State Share)19,855 $57,237 330,000 17.34% 2026 Actual 39,629 114,160 660,000 17.30% Cumulative Actual YTD 114,160 114,160 Cumulative Actual YTD Monthly Budget 5.8%106,475 Monthly Budget Cumulative Budget YTD 16.1%106,475 Cumulative Budget YTD 7.2%% Budget Difference -8.6%% Difference Prior Year 107.2%Cumulative % of Expected $707,640 EOY Projection $47,640 Projection +/- EOY Budget 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 2026 Monthly Actual and Budget 2026 Actual Monthly Budget - 100,000 200,000 300,000 400,000 500,000 600,000 700,000 2026 Monthly Actual, Budget and Projection Cumulative Actual YTD Projection +/- EOY Budget Cumulative Budget YTD 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 2022 2023 2024 2025 2026 Special Hotel/Motel & Transient Rental Sales Tax -Fund 125 December November October September August July June May April March February January 2026March 16 Page 16 of 17