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Home My WebLink AboutMONTH 2025 05Page 1 of 7 OVERVIEW This monthly financial report reflects the City’s revenue and expenditures/expenses for the fiscal year through May 31, 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 54,149,347$ Licenses and permits 3,680,198 Grants / intergovernmental 1,833,491 Charges for services 4,499,493 Interdepartmental services 18,876 Fines and penalties 1,332,005 Miscellaneous 886,173 Investment Earnings 1,922,908 Insurance recoveries 107,665 TOTAL REVENUES 68,430,156 EXPENDITURES: Personnel 33,274,192 Supplies 802,194 Contracted Services 9,353,334 Capital Outlay 33,201 Internal Services 5,666,084 TOTAL EXPENDITURES 49,129,005 Transfers In 651,911 Transfers Out (13,409) NET TRANSFERS 638,502 CHANGE IN FUND BALANCE 19,939,653 BEGINNING FUND BALANCE, Jan 1 115,968,225 ENDING FUND BALANCE, May 31 135,907,878$ ECONOMIC DEVELOPMENT RESERVE 2,500,000 OPERATING RESERVES 18,397,399 AVAILABLE FUND BALANCE, May 31 115,010,479$ Monthly Financial Report May 2025 Monthly Financial Report City of Renton, Washington May 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 169,246$ -$ 1,763,942$ -$ -$ -$ -$ -$ -$ Licenses and permits - 20,803 - - - - - - - Grants / intergovernmental - - - - 4,256 - - - - Charges for services - - - - - 19,506 64,189 - - Fines and penalties - - - - - - - - 14,173 Contributions - - - - - - - 39,868 - Investment Earnings 18,224 5,573 237,171 4,302 10,712 - 520 11,552 2,001 TOTAL REVENUES 187,470 26,376 2,001,113 4,302 14,968 19,506 64,709 51,420 16,174 EXPENDITURES: Personnel - - - - 2,568 - - - - Supplies - 570 - - - - - 44,676 272 Contracted Services 90,766 16,055 313,365 - 901 20,729 44,457 64,077 10,062 Capital Outlay - - - - - - - 22,308 - TOTAL EXPENDITURES 90,766 16,625 313,365 - 3,469 20,729 44,457 131,061 10,334 - NET TRANSFERS - - - - - - - - - CHANGE IN FUND BALANCE 96,704 9,751 1,687,748 4,302 11,499 (1,223) 20,252 (79,641) 5,840 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, May 31 1,281,682$ 381,961$ 17,118,388$ 297,225$ 734,461$ 1,267$ 22,620$ 710,791$ 138,507$ General Governmental Misc Debt REVENUES: Investment Earnings 85,868$ TOTAL REVENUES 85,868 EXPENDITURES: Interest 13,846 TOTAL EXPENDITURES 13,846 NET TRANSFERS - CHANGE IN FUND BALANCE 72,022 BEGINNING FUND BALANCE, Jan 1 5,812,247 ENDING FUND BALANCE, May 31 5,884,269$ Debt Service Reserve 2,717,575 AVAILABLE FUND BALANCE 3,166,694$ Monthly Financial Report City of Renton, Washington May 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 -$ -$ 897,222$ 897,222$ -$ 1,740,159$ -$ Grants / intergovernmental - - - - 244,113 4,560,121 - Charges for services 127,781 10,565,448 - - 5,500 - - Contributions - - - - - 3,488,160 - Investment Earnings 6,222 60,137 79,179 38,920 413,634 252,565 58,273 TOTAL REVENUES 134,003 10,625,585 976,401 936,142 663,247 10,041,005 58,273 EXPENDITURES: Personnel - - - - 31,029 115,574 - Supplies - - - - 3,413 6,965 - Contracted Services - - - - 263,114 179,009 - Capital Outlay - - - - 1,240,418 6,009,365 - TOTAL EXPENDITURES - - - - 1,537,974 6,310,913 - NET TRANSFERS - - - - - - - CHANGE IN FUND BALANCE 134,003 10,625,585 976,401 936,142 (874,727) 3,730,092 58,273 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, May 31 493,747$ 14,238,907$ 6,037,295$ 3,248,807$ 27,305,789$ 17,862,537$ 3,995,820$ Monthly Financial Report City of Renton, Washington May 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 -$ -$ -$ -$ 32,775$ -$ 18,375$ Grants / intergovernmental 77,963 255,596 - - - - 3,641,458 Charges for services 2,239,239 12,574,430 1,058,338 6,858,513 5,256,299 9,419,270 5,967,956 Rents, leases, and misc fees - - 163,483 57,455 - - - Interest and other misc 221,134 181,058 43,329 936,608 585,930 112,548 1,511,003 TOTAL REVENUES 2,538,336 13,011,084 1,265,150 7,852,576 5,875,004 9,531,818 11,138,792 EXPENSES: Personnel 592,373 274,305 761,193 2,145,052 1,200,169 - 1,847,531 Supplies 24,195 20,353 153,704 402,386 39,985 - 56,506 Contracted Services 227,244 10,649,874 98,321 1,300,780 1,056,147 9,487,904 774,560 Internal Services 138,822 158,036 158,671 730,096 487,741 - 813,600 TOTAL OPERATING EXPENSES 982,634 11,102,568 1,171,889 4,578,314 2,784,042 9,487,904 3,492,197 AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 1,555,702 1,908,516 93,261 3,274,262 3,090,962 43,914 7,646,595 DEBT SERVICE: Principal - - 18,876 - - - - Interest - - 381 - - - - TOTAL DEBT SERVICE - - 19,257 - - - - CAPITAL OUTLAY 325,755 - 305,446 3,360,921 1,238,044 - 2,359,110 Transfers In 3,882 29,756 166,269 30,847 33,690 - 30,268 Transfers Out - - (163,275) (27) (27) - (27) NET TRANSFERS 3,882 29,756 2,994 30,820 33,663 - 30,241 CHANGE IN FUND BALANCE 1,233,829 1,938,272 (228,448) (55,839) 1,886,581 43,914 5,317,726 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, May 31 14,587,129$ 5,911,105$ 2,383,279$ 56,618,100$ 29,592,877$ 7,691,726$ 31,084,707$ 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 14,301,227$ 5,511,105$ 1,385,425$ 53,463,579$ 27,916,748$ 7,311,726$ 29,017,827$ Monthly Financial Report City of Renton, Washington May 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 -$ -$ 111,814$ -$ -$ -$ -$ Charges for services: Equipment rental m&o 909,908 - 2,346,441 - - - - Facilities - - - 1,912,618 - - - Interest and other misc 285,279 372,801 136,924 26,896 3,791 159,907 304,533 Internal service fund misc: Vehicle/equipment capital recovery 844,635 - - - - - - Insurance premiums - 869,720 - - - - - Worker's comp/unemployment - 854,833 - - - - - Benefit premiums - - - - - 5,824,298 150,000 Other misc 374 9,997 - 56,316 - 324,823 105,521 Insurance recoveries 10,795 95,260 - - - 5,665 - TOTAL REVENUES 2,050,991 2,202,611 2,595,179 1,995,830 3,791 6,314,693 560,054 EXPENSES: Personnel 494,012 671,250 1,490,261 1,558,433 - 5,965,804 543,152 Supplies 694,392 1,666 263,797 294,174 - 2,139 - Contracted Services 207,201 1,645,365 1,599,108 956,386 - 195,724 27,237 Internal Services 38,008 - 1,214 52,284 - 31,095 - TOTAL OPERATING EXPENSES 1,433,613 2,318,281 3,354,380 2,861,277 - 6,194,762 570,389 AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 617,378 (115,670) (759,201) (865,447) 3,791 119,931 (10,335) TOTAL DEBT SERVICE - - - - - - - CAPITAL OUTLAY 2,380,154 - 187,558 14,466 - - - Transfers In - - 375 13,115 - - - Transfers Out - - - - 783,348 - - NET TRANSFERS - - 375 13,115 (783,348) - - CHANGE IN FUND BALANCE (1,762,776) (115,670) (946,384) (866,798) (779,557) 119,931 (10,335) 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, May 31 17,773,052$ 25,665,677$ 8,685,823$ 1,095,371$ -$ 10,637,573$ 20,661,844$ Insurance Reserves - 20,253,866 - - - 5,114,808 20,661,844 Opearting Reserves 17,773,052 - 2,785,647 965,537 - - - AVAILABLE FUND BALANCE -$ 5,411,811$ 5,900,176$ 129,834$ -$ 5,522,765$ -$ Monthly Financial Report City of Renton, Washington May 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: Intergovernmental 237,294$ -$ Investment Earnings 136,643 - Collected for Others - 1,692,374 TOTAL REVENUES 373,937 1,692,374 EXPENDITURES: Distributions to Others 114,928 686,589 TOTAL EXPENDITURES 114,928 686,589 NET TRANSFERS - - CHANGE IN FUND BALANCE 259,009 1,005,785 BEGINNING FUND BALANCE, Jan 1 9,636,751 - ENDING FUND BALANCE, May 31 9,895,760$ 1,005,785$ Monthly Financial Report City of Renton, Washington May 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 May 31, 2025 Funds Balance 01/01/2025 Budgeted Revenue Revenue 05/31/25 Total Funds Available Budgeted Expenditure Expenditure 05/31/25 Ending Balance GENERAL FUND 115,968,225 139,820,953 69,082,067 185,050,292 152,437,997 49,142,414 135,907,878 SPECIAL REVENUE FUNDS: 18,931,670 5,245,000 2,386,038 21,317,708 5,701,431 630,806 20,686,902 110 Hotel Motel 1,184,978 355,000 187,470 1,372,448 644,939 90,766 1,281,682 127 Cable Communication 372,210 60,000 26,376 398,586 97,674 16,625 381,961 130 Housing and Supportive Services 15,430,640 4,030,000 2,001,113 17,431,753 3,195,719 313,365 17,118,388 135 Springbrook Wetlands Bank 722,962 - 14,968 737,930 40,000 3,469 734,461 140 Police Seizure 790,432 - 51,420 841,852 790,432 131,061 710,791 141 Police CSAM Seizure 132,667 - 16,174 148,841 132,667 10,334 138,507 150 Affordable Housing Development 292,923 - 4,302 297,225 - - 297,225 31X School District Impact Mitigation 2,368 600,000 64,709 67,077 600,000 44,457 22,620 304 Fire Mitigation 2,490 200,000 19,506 21,996 200,000 20,729 1,267 DEBT SERVICE FUND 5,812,247 2,923,225 85,868 5,898,115 2,952,717 13,846 5,884,269 CAPITAL PROJECT FUNDS (CIP): 57,597,133 54,723,512 23,434,656 81,031,789 83,180,789 7,848,887 73,182,902 303 Community Services Mitigation 359,744 100,000 134,003 493,747 105,000 - 493,747 305 Transportation Mitigation 3,613,322 1,000,000 10,625,585 14,238,907 250,000 - 14,238,907 308 REET1 5,060,894 2,520,000 976,401 6,037,295 4,560,000 - 6,037,295 309 REET2 2,312,665 2,520,000 936,142 3,248,807 2,799,625 - 3,248,807 316 Municipal Facilities CIP 28,180,516 15,706,530 663,247 28,843,763 33,950,744 1,537,974 27,305,789 317 Transportation CIP 14,132,445 32,876,982 10,041,005 24,173,450 41,515,420 6,310,913 17,862,537 346 New Family First Center Dvlpmnt 3,937,547 - 58,273 3,995,820 - - 3,995,820 ENTERPRISE FUNDS: 137,732,888 124,698,878 51,507,472 189,240,360 187,567,587 41,371,437 147,868,923 4X2 Airport Operating & CIP 13,353,300 5,147,351 2,542,218 15,895,519 11,779,241 1,308,389 14,587,129 403 Solid Waste Utility 3,972,833 27,139,665 13,040,840 17,013,673 27,598,948 11,102,568 5,911,105 4X4 Golf Operating & CIP 2,611,727 4,547,600 1,431,419 4,043,146 5,261,273 1,659,867 2,383,279 4X5 Water Operating & CIP 56,673,939 19,881,884 7,883,423 64,557,362 51,889,091 7,939,262 56,618,100 4X6 Waste Water Operating & CIP 27,706,296 12,731,749 5,908,694 33,614,990 27,854,666 4,022,113 29,592,877 416 King County Metro 7,647,812 22,791,462 9,531,818 17,179,630 22,791,462 9,487,904 7,691,726 4X7 Surface Water Operating & CIP 25,766,981 32,459,167 11,169,060 36,936,040 40,392,906 5,851,334 31,084,707 INTERNAL SERVICE FUNDS: 88,880,929 50,412,522 15,736,639 104,617,568 59,941,120 20,098,228 84,519,340 501 Equipment Repair/Replacement 19,535,828 7,162,956 2,050,991 21,586,819 11,545,947 3,813,767 17,773,052 502 Insurance 25,781,347 8,020,527 2,202,611 27,983,958 7,710,055 2,318,281 25,665,677 503 Information Services 9,632,207 10,073,732 2,595,554 12,227,761 14,194,257 3,541,938 8,685,823 504 Facilities 1,962,169 7,696,815 2,008,945 3,971,114 7,755,279 2,875,743 1,095,371 505 Communications 779,557 - 3,791 783,348 - 783,348 - 512 Insurance, Healthcare 10,517,642 16,538,492 6,314,693 16,832,335 17,049,360 6,194,762 10,637,573 522 Insurance, Leoff1 Retirees HC 20,672,179 920,000 560,054 21,232,233 1,686,222 570,389 20,661,844 FIDUCIARY FUNDS: 9,636,752 1,500,000 2,066,311 11,703,063 275,475 801,517 10,901,545 611 Firemens' Pension 9,636,752 1,500,000 373,937 10,010,689 275,475 114,928 9,895,760 630 Custodial Fund - - 1,692,374 1,692,374 - 686,589 1,005,785 TOTAL FUNDS 434,559,844 379,324,090 164,299,051 598,858,895 492,057,116 119,907,134 478,951,762