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Home My WebLink AboutMONTH 2025 04Page 1 of 7 OVERVIEW This monthly financial report reflects the City’s revenue and expenditures/expenses for the fiscal year through April 30, 2025. A detailed analysis, including budget to actual comparison, will be prepared quarterly in accordance with the City’s financial management policies. GENERAL FUND The General Fund is used to account for resources that are not generally dedicated for a specific purpose. The General Fund is used to meet the basic services that the City provides including, but not limited to, police protection, parks and recreation, human services, municipal court, street maintenance and planning, economic development, and administrative functions. The table below displays the year-to-date revenues and expenditures for the General Fund. Economic Development and Operating reserves are established internally in accordance with the City’s Policy on Stabilization Funds, as outlined in the 2025-2026 Adopted Budget. General REVENUES: Taxes 40,179,278$ Licenses and permits 2,800,405 Grants / intergovernmental 1,663,291 Charges for services 3,931,688 Interdepartmental services 15,094 Fines and penalties 1,068,413 Miscellaneous 765,532 Investment Earnings 1,554,297 Insurance recoveries 107,665 TOTAL REVENUES 52,085,663 EXPENDITURES: Personnel 26,600,452 Supplies 635,497 Contracted Services 7,205,106 Capital Outlay 33,201 Internal Services 5,666,084 TOTAL EXPENDITURES 40,140,340 Transfers Out (294) NET TRANSFERS (294) CHANGE IN FUND BALANCE 11,945,029 BEGINNING FUND BALANCE, Jan 1 115,968,225 ENDING FUND BALANCE, Apr 30 127,913,254$ ECONOMIC DEVELOPMENT RESERVE 2,500,000 OPERATING RESERVES 18,397,399 AVAILABLE FUND BALANCE, Apr 30 107,015,855$ Monthly Financial Report April 2025 Monthly Financial Report City of Renton, Washington April 2025 Page 2 of 7 SPECIAL REVENUE FUNDS Special revenue funds are used to account for revenues that are to be used for a specific purpose as required by law or legislative action. The table below displays the year-to-date revenues and expenditures for the City’s special revenue funds. DEBT SERVICE FUND Debt service funds are used to account for the accumulation of resources for the payment of principal and interest related to the City’s general obligation bond issues. The table below displays the year-to-date revenues and expenditures for the City’s debt service fund. Debt service reserves are established internally in accordance with the City’s Policy on Stabilization Funds, as outlined in the 2025-2026 Adopted Budget. Hotel-Motel Tax Cable Communications Housing and Supportive Services Affordable Housing Springbrook Wetlands Fire Impact Mitigation School District Impact Mitigation Police Seizure Police CSAM Seizure REVENUES: Taxes 131,657$ -$ 1,389,316$ -$ -$ -$ -$ -$ -$ Licenses and permits - 10,576 - - - - - - - Grants / intergovernmental - - - - 4,256 - - - - Charges for services - - - - - 18,240 50,005 - - Fines and penalties - - - - - - - - 12,668 Contributions - - - - - - - 39,868 - Investment Earnings 14,628 4,512 189,109 3,463 8,643 - 414 9,243 1,587 TOTAL REVENUES 146,285 15,088 1,578,425 3,463 12,899 18,240 50,419 49,111 14,255 EXPENDITURES: Personnel - - - - 2,218 - - - - Supplies - - - - - - - 37,926 272 Contracted Services 79,516 10,282 246,865 - 901 12,152 30,672 3,075 390 Capital Outlay - 188 - - - - - 10,672 - TOTAL EXPENDITURES 79,516 10,470 246,865 - 3,119 12,152 30,672 51,673 662 - NET TRANSFERS - - - - - - - - - CHANGE IN FUND BALANCE 66,769 4,618 1,331,560 3,463 9,780 6,088 19,747 (2,562) 13,593 BEGINNING FUND BALANCE, Jan 1 1,184,978 372,210 15,430,640 292,923 722,962 2,490 2,368 790,432 132,667 ENDING FUND BALANCE, Apr 30 1,251,747$ 376,828$ 16,762,200$ 296,386$ 732,742$ 8,578$ 22,115$ 787,870$ 146,260$ General Governmental Misc Debt REVENUES: Investment Earnings 69,271$ TOTAL REVENUES 69,271 EXPENDITURES: Interest 13,846 TOTAL EXPENDITURES 13,846 NET TRANSFERS - CHANGE IN FUND BALANCE 55,425 BEGINNING FUND BALANCE, Jan 1 5,812,247 ENDING FUND BALANCE, Apr 30 5,867,672$ Debt Service Reserve 2,717,575 AVAILABLE FUND BALANCE 3,150,097$ Monthly Financial Report City of Renton, Washington April 2025 Page 3 of 7 CAPITAL PROJECT FUNDS Capital project funds are used to account for the acquisition and construction of major capital facilities and equipment. The table below displays the year-to-date revenues and expenditures for the City’s capital project funds. CS Impact Mitigation Transportation Impact Mitigation REET 1 REET 2 Municipal Facilities CIP Capital Investment Family First Center REVENUES: Taxes -$ -$ 686,110$ 686,110$ -$ 1,369,910$ -$ Grants / intergovernmental - - - - - 4,560,121 - Charges for services 117,952 875,519 - - 5,500 - - Contributions - - - - - 1,858,620 - Investment Earnings 4,814 47,120 62,156 29,788 335,640 196,548 47,014 TOTAL REVENUES 122,766 922,639 748,266 715,898 341,140 7,985,199 47,014 EXPENDITURES: Personnel - - - - 31,686 82,353 - Supplies - - - - - 6,965 - Contracted Services - - - - 236,464 70,285 - Capital Outlay - - - - 617,177 4,023,895 - TOTAL EXPENDITURES - - - - 885,327 4,183,498 - NET TRANSFERS - - - - - - - CHANGE IN FUND BALANCE 122,766 922,639 748,266 715,898 (544,187) 3,801,701 47,014 BEGINNING FUND BALANCE, Jan 1 359,744 3,613,322 5,060,894 2,312,665 28,180,516 14,132,445 3,937,547 ENDING FUND BALANCE, Apr 30 482,510$ 4,535,961$ 5,809,160$ 3,028,563$ 27,636,329$ 17,934,146$ 3,984,561$ Monthly Financial Report City of Renton, Washington April 2025 Page 4 of 7 ENTERPRISE FUNDS Enterprise funds are used to account for operations that are financed and operated in a manner similar to private business enterprises. The table below displays the year-to-date revenues and expenses of the City’s enterprise funds. Amounts restricted for debt service are in accordance with revenue bond requirements. Operating reserves are established internally in accordance with the City’s Policy on Stabilization Funds, as outlined in the 2025-2026 Adopted Budget. Airport Solid Waste Utility Golf Course Water Utility Wastewater Utility Metro Surface Water Utility REVENUES: Licenses and permits -$ -$ -$ -$ 26,775$ -$ 16,875$ Grants / intergovernmental - 221,875 - - - - 1,637,072 Charges for services 1,804,007 8,544,715 598,685 5,404,745 4,185,256 7,485,200 4,850,790 Rents, leases, and misc fees - - 98,824 46,581 - - - Interest and other misc 177,872 170,255 35,651 726,942 450,291 90,877 1,328,691 TOTAL REVENUES 1,981,879 8,936,845 733,160 6,178,268 4,662,322 7,576,077 7,833,428 EXPENSES: Personnel 472,216 213,802 584,196 1,720,699 952,144 - 1,464,025 Supplies 16,648 19,438 115,142 312,751 32,014 - 46,155 Contracted Services 182,242 9,655,714 75,621 1,020,978 845,780 7,584,472 618,469 Internal Services 138,824 158,036 158,671 730,096 487,741 - 813,600 TOTAL OPERATING EXPENSES 809,930 10,046,990 933,630 3,784,524 2,317,679 7,584,472 2,942,249 AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 1,171,949 (1,110,145) (200,470) 2,393,744 2,344,643 (8,395) 4,891,179 DEBT SERVICE: Principal - - 15,094 - - - - Interest - - 311 - - - - TOTAL DEBT SERVICE - - 15,405 - - - - CAPITAL OUTLAY 167,000 - 305,330 3,276,720 561,580 - 1,740,566 Transfers In - - 163,275 - - - - Transfers Out - - (163,275) (27) (27) - (27) NET TRANSFERS - - - (27) (27) - (27) CHANGE IN FUND BALANCE 1,004,949 (1,110,145) (521,205) (883,003) 1,783,036 (8,395) 3,150,586 BEGINNING FUND BALANCE, Jan 1 13,353,300 3,972,833 2,611,727 56,673,939 27,706,296 7,647,812 25,766,981 ENDING FUND BALANCE, Apr 30 14,358,249$ 2,862,688$ 2,090,522$ 55,790,936$ 29,489,332$ 7,639,417$ 28,917,567$ Restricted for Debt Service - - - 1,394,050 661,227 - 754,868 Operating Reserve 285,902 400,000 997,854 1,760,471 1,014,902 380,000 1,312,012 AVAILABLE FUND BALANCE 14,072,347$ 2,462,688$ 1,092,668$ 52,636,415$ 27,813,203$ 7,259,417$ 26,850,687$ Monthly Financial Report City of Renton, Washington April 2025 Page 5 of 7 INTERNAL SERVICE FUNDS Internal service funds are used to account for the goods and services furnished by one City department to other City departments on a cost reimbursement basis. The table below displays the year-to-date revenues and expenses of the City’s internal service funds. Insurance reserves for the Healthcare Fund are established at a rate of 31% of current year budgeted expenses. 100% of the Retiree Healthcare fund balance is reserved for OPEB. Equipment Rental Insurance Information Technology Facilities Communications Healthcare Retiree Healthcare REVENUES: Technology Fee -$ -$ 85,910$ -$ -$ -$ -$ Charges for services: Equipment rental m&o 888,940 - 2,346,441 - - - - Facilities - - - 1,912,618 - - - Interest and other misc 229,596 297,851 106,526 18,278 3,791 129,737 246,019 Internal service fund misc: Vehicle/equipment capital recovery 844,635 - - - - - - Insurance premiums - 869,720 - - - - - Worker's comp/unemployment - 679,074 - - - - - Benefit premiums - - - - - 4,659,991 150,000 Other misc 374 9,997 - 56,431 - 137,623 44,607 Insurance recoveries 5,168 65,822 - - - 5,665 - TOTAL REVENUES 1,968,713 1,922,464 2,538,877 1,987,327 3,791 4,933,016 440,626 EXPENSES: Personnel 400,689 527,316 1,128,496 1,243,660 - 4,540,399 449,105 Supplies 557,968 1,666 245,629 219,473 - 1,432 - Contracted Services 102,376 1,550,247 1,435,760 797,779 12,000 161,534 24,110 Internal Services 38,008 - 1,214 52,284 - 31,095 - TOTAL OPERATING EXPENSES 1,099,041 2,079,229 2,811,099 2,313,196 12,000 4,734,460 473,215 AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 869,672 (156,765) (272,222) (325,869) (8,209) 198,556 (32,589) TOTAL DEBT SERVICE - - - - - - - CAPITAL OUTLAY 1,625,344 - 127,033 - - - - Transfers In - - 375 - - - - NET TRANSFERS - - 375 - - - - CHANGE IN FUND BALANCE (755,672) (156,765) (398,880) (325,869) (8,209) 198,556 (32,589) BEGINNING FUND BALANCE, Jan 1 19,535,828 25,781,347 9,632,207 1,962,169 779,557 10,517,642 20,672,179 ENDING FUND BALANCE, Apr 30 18,780,156$ 25,624,582$ 9,233,327$ 1,636,300$ 771,348$ 10,716,198$ 20,639,590$ Insurance Reserves - 20,253,866 - - - 5,114,808 20,639,590 Opearting Reserves 18,780,156 - 2,785,647 965,537 - - - AVAILABLE FUND BALANCE -$ 5,370,716$ 6,447,680$ 670,763$ 771,348$ 5,601,390$ -$ Monthly Financial Report City of Renton, Washington April 2025 Page 6 of 7 FIDUCIARY FUNDS Fiduciary funds are used to account for assets held by the City in a trustee capacity. These assets are not available for City use as they are not City assets. The table below displays year-to-date revenues and expenditures of the City’s fiduciary funds. Firemens' Pension Custodial Fund REVENUES: Investment Earnings 110,423$ -$ Collected for Others - 1,444,752 TOTAL REVENUES 110,423 1,444,752 EXPENDITURES: Distributions to Others 94,380 563,288 TOTAL EXPENDITURES 94,380 563,288 NET TRANSFERS - - CHANGE IN FUND BALANCE 16,043 881,464 BEGINNING FUND BALANCE, Jan 1 9,636,751 - ENDING FUND BALANCE, Apr 30 9,652,794$ 881,464$ Monthly Financial Report City of Renton, Washington April 2025 Page 7 of 7 CONTACT INFORMATION This report is prepared by the Finance Department. For additional financial information, please also review our website: http://www.rentonwa.gov/. For any questions about the report, please feel free to contact Nate Malone nmalone@rentonwa.gov or Kristin Trivelas ktrivelas@rentonwa.gov . City of Renton All Funds - Revenue, Expenditures and Fund Balances Budgetary Basis through April 30, 2025 Funds Balance 01/01/2025 Budgeted Revenue Revenue 04/30/25 Total Funds Available Budgeted Expenditure Expenditure 04/30/25 Ending Balance GENERAL FUND 115,968,225 139,820,953 52,085,663 168,053,888 152,437,997 40,140,634 127,913,254 SPECIAL REVENUE FUNDS: 18,931,670 5,245,000 1,888,185 20,819,855 5,701,431 435,129 20,384,726 110 Hotel Motel 1,184,978 355,000 146,285 1,331,263 644,939 79,516 1,251,747 127 Cable Communication 372,210 60,000 15,088 387,298 97,674 10,470 376,828 130 Housing and Supportive Services 15,430,640 4,030,000 1,578,425 17,009,065 3,195,719 246,865 16,762,200 135 Springbrook Wetlands Bank 722,962 - 12,899 735,861 40,000 3,119 732,742 140 Police Seizure 790,432 - 49,111 839,543 790,432 51,673 787,870 141 Police CSAM Seizure 132,667 - 14,255 146,922 132,667 662 146,260 150 Affordable Housing Development 292,923 - 3,463 296,386 - - 296,386 31X School District Impact Mitigation 2,368 600,000 50,419 52,787 600,000 30,672 22,115 304 Fire Mitigation 2,490 200,000 18,240 20,730 200,000 12,152 8,578 DEBT SERVICE FUND 5,812,247 2,923,225 69,271 5,881,518 2,952,717 13,846 5,867,672 CAPITAL PROJECT FUNDS (CIP): 57,597,133 54,723,512 10,882,922 68,480,055 83,180,789 5,068,825 63,411,230 303 Community Services Mitigation 359,744 100,000 122,766 482,510 105,000 - 482,510 305 Transportation Mitigation 3,613,322 1,000,000 922,639 4,535,961 250,000 - 4,535,961 308 REET1 5,060,894 2,520,000 748,266 5,809,160 4,560,000 - 5,809,160 309 REET2 2,312,665 2,520,000 715,898 3,028,563 2,799,625 - 3,028,563 316 Municipal Facilities CIP 28,180,516 15,706,530 341,140 28,521,656 33,950,744 885,327 27,636,329 317 Transportation CIP 14,132,445 32,876,982 7,985,199 22,117,644 41,515,420 4,183,498 17,934,146 346 New Family First Center Dvlpmnt 3,937,547 - 47,014 3,984,561 - - 3,984,561 ENTERPRISE FUNDS: 137,732,888 124,698,878 38,065,254 175,798,142 187,567,587 34,649,431 141,148,711 4X2 Airport Operating & CIP 13,353,300 5,147,351 1,981,879 15,335,180 11,779,241 976,930 14,358,249 403 Solid Waste Utility 3,972,833 27,139,665 8,936,845 12,909,678 27,598,948 10,046,990 2,862,688 4X4 Golf Operating & CIP 2,611,727 4,547,600 896,435 3,508,162 5,261,273 1,417,640 2,090,522 4X5 Water Operating & CIP 56,673,939 19,881,884 6,178,268 62,852,207 51,889,091 7,061,271 55,790,936 4X6 Waste Water Operating & CIP 27,706,296 12,731,749 4,662,322 32,368,618 27,854,666 2,879,286 29,489,332 416 King County Metro 7,647,812 22,791,462 7,576,077 15,223,889 22,791,462 7,584,472 7,639,417 4X7 Surface Water Operating & CIP 25,766,981 32,459,167 7,833,428 33,600,408 40,392,906 4,682,842 28,917,567 INTERNAL SERVICE FUNDS: 88,880,929 50,412,522 13,795,189 102,676,118 59,941,120 15,274,617 87,401,501 501 Equipment Repair/Replacement 19,535,828 7,162,956 1,968,713 21,504,541 11,545,947 2,724,385 18,780,156 502 Insurance 25,781,347 8,020,527 1,922,464 27,703,811 7,710,055 2,079,229 25,624,582 503 Information Services 9,632,207 10,073,732 2,539,252 12,171,459 14,194,257 2,938,132 9,233,327 504 Facilities 1,962,169 7,696,815 1,987,327 3,949,496 7,755,279 2,313,196 1,636,300 505 Communications 779,557 - 3,791 783,348 - 12,000 771,348 512 Insurance, Healthcare 10,517,642 16,538,492 4,933,016 15,450,658 17,049,360 4,734,460 10,716,198 522 Insurance, Leoff1 Retirees HC 20,672,179 920,000 440,626 21,112,805 1,686,222 473,215 20,639,590 FIDUCIARY FUNDS: 9,636,752 1,500,000 1,555,175 11,191,927 275,475 657,668 10,534,258 611 Firemens' Pension 9,636,752 1,500,000 110,423 9,747,175 275,475 94,380 9,652,794 630 Custodial Fund - - 1,444,752 1,444,752 - 563,288 881,464 TOTAL FUNDS 434,559,844 379,324,090 118,341,659 552,901,503 492,057,116 96,240,149 456,661,355