Edmonds Mayor Mike Rosen made his formal budget presentation Tuesday evening at the Edmonds Waterfront Center, with residents, elected officials and city staff attending. “The point is, we have an awful lot of things that this city funds in terms of services and the things that make those services work,” he added. “It should be about building the budget we need for the city we want — and that’s the direction we tried to go. Yet the 1% property tax tax increase allowed by law without voter approval would generate only $106,852, not enough to cover even this one additional expense. The Internal Services fund (sometimes called the B fund), like the Enterprise fund, is built up with regular contributions earmarked for such things as replacing vehicles at the end of their lifetime.