HomeMy WebLinkAboutMONTH 2025 06Page 1 of 7
OVERVIEW
This monthly financial report reflects the City’s revenue and expenditures/expenses for the fiscal year through June 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 59,742,175$
Licenses and permits 4,022,595
Grants / intergovernmental 2,391,288
Charges for services 6,516,241
Interdepartmental services 22,660
Fines and penalties 1,547,882
Miscellaneous 1,112,122
Investment Earnings 2,411,362
Insurance recoveries 111,474
TOTAL REVENUES 77,877,799
EXPENDITURES:
Personnel 40,330,655
Supplies 1,041,081
Contracted Services 11,305,175
Capital Outlay 25,756
Internal Services 11,330,182
TOTAL EXPENDITURES 64,032,849
Transfers In 651,911
Transfers Out (42,580)
NET TRANSFERS 609,331
CHANGE IN FUND BALANCE 14,454,281
BEGINNING FUND BALANCE, Jan 1 115,968,225
ENDING FUND BALANCE, Jun 30 130,422,506$
ECONOMIC DEVELOPMENT RESERVE 2,500,000
OPERATING RESERVES 18,397,399
AVAILABLE FUND BALANCE, Jun 30 109,525,107$
Monthly Financial Report June 2025
Monthly Financial Report City of Renton, Washington June 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 205,590$ -$ 2,138,220$ -$ -$ -$ -$ -$ -$
Licenses and permits - 20,803 - - - - - - -
Grants / intergovernmental - - - - 4,256 - - - -
Charges for services - - - - - 20,350 65,192 - -
Fines and penalties - - - - - - - - 14,173
Contributions - - - - - - - 177,497 -
Investment Earnings 22,486 6,845 294,122 5,293 13,154 - 595 13,922 2,493
TOTAL REVENUES 228,076 27,648 2,432,342 5,293 17,410 20,350 65,787 191,419 16,666
EXPENDITURES:
Personnel - - - - 3,644 - - - -
Supplies - 5,336 - - - - - 44,676 272
Contracted Services 97,016 34,301 427,229 - 901 20,729 44,457 64,873 12,703
Capital Outlay - - - - - - - 22,308 -
TOTAL EXPENDITURES 97,016 39,637 427,229 - 4,545 20,729 44,457 131,857 12,975
-
CHANGE IN FUND BALANCE 131,060 (11,989) 2,005,113 5,293 12,865 (379) 21,330 59,562 3,691
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, Jun 30 1,316,038$ 360,221$ 17,435,753$ 298,216$ 735,827$ 2,111$ 23,698$ 849,994$ 136,358$
General
Governmental
Misc Debt
REVENUES:
Grants / intergovernmental 8,202$
Investment Earnings 105,435
TOTAL REVENUES 113,637
EXPENDITURES:
Interest 437,079
TOTAL EXPENDITURES 437,079
NET TRANSFERS -
CHANGE IN FUND BALANCE (323,442)
BEGINNING FUND BALANCE, Jan 1 5,812,247
ENDING FUND BALANCE, Jun 30 5,488,805$
Debt Service Reserve 2,706,325
AVAILABLE FUND BALANCE 2,782,480$
Monthly Financial Report City of Renton, Washington June 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 -$ -$ 1,133,867$ 1,133,867$ -$ 2,107,361$ -$
Grants / intergovernmental - - - - 331,666 7,446,946 -
Charges for services 131,058 10,576,933 - - 10,250 9,648 -
Contributions - - - - - 3,574,233 -
Investment Earnings 7,858 107,661 99,269 49,705 504,657 313,332 71,557
TOTAL REVENUES 138,916 10,684,594 1,233,136 1,183,572 846,573 13,451,520 71,557
EXPENDITURES:
Personnel - - - - 62,158 142,912 -
Supplies - - - - 3,559 6,965 -
Contracted Services - - - - 383,540 224,936 -
Capital Outlay - - - - 1,841,375 7,865,968 -
TOTAL EXPENDITURES - - - - 2,290,632 8,240,781 -
CHANGE IN FUND BALANCE 138,916 10,684,594 1,233,136 1,183,572 (1,444,059) 5,210,739 71,557
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, Jun 30 498,660$ 14,297,916$ 6,294,030$ 3,496,237$ 26,736,457$ 19,343,184$ 4,009,104$
Monthly Financial Report City of Renton, Washington June 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 -$ -$ -$ -$ 40,275$ -$ 20,250$
Grants / intergovernmental 77,963 255,596 - - - - 3,641,458
Charges for services 2,409,190 14,246,339 1,500,588 8,490,196 6,311,842 11,347,311 7,087,860
Rents, leases, and misc fees - - 245,053 72,487 - - -
Interest and other misc 272,424 200,748 52,646 1,146,052 705,183 138,122 1,667,534
TOTAL REVENUES 2,759,577 14,702,683 1,798,287 9,708,735 7,057,300 11,485,433 12,417,102
EXPENSES:
Personnel 721,462 340,901 955,587 2,627,878 1,447,668 - 2,209,080
Supplies 33,300 20,825 187,274 492,204 43,329 - 68,564
Contracted Services 264,510 11,625,821 142,178 1,704,295 1,295,392 11,391,337 1,056,526
Internal Services 277,647 316,072 317,342 1,460,193 975,481 - 1,627,199
TOTAL OPERATING EXPENSES 1,296,919 12,303,619 1,602,381 6,284,570 3,761,870 11,391,337 4,961,369
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND
TRANSFERS 1,462,658 2,399,064 195,906 3,424,165 3,295,430 94,096 7,455,733
DEBT SERVICE:
Principal - - 22,660 - - - -
Interest - - 448 49,730 22,490 - 27,793
TOTAL DEBT SERVICE - - 23,108 49,730 22,490 - 27,793
CAPITAL OUTLAY 573,978 - 458,295 4,262,155 1,911,116 - 3,185,672
Transfers In 3,882 29,756 329,544 30,847 33,690 - 30,268
Transfers Out - - (326,550) (27) (27) - (1,163)
NET TRANSFERS 3,882 29,756 2,994 30,820 33,663 - 29,105
CHANGE IN FUND BALANCE 892,562 2,428,820 (282,503) (856,900) 1,395,487 94,096 4,271,373
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, Jun 30 14,245,862$ 6,401,653$ 2,329,224$ 55,817,039$ 29,101,783$ 7,741,908$ 30,038,354$
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 13,959,960$ 6,001,653$ 1,331,370$ 52,662,518$ 27,425,654$ 7,361,908$ 27,971,474$
Monthly Financial Report City of Renton, Washington June 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 -$ -$ 124,694$ -$ -$ -$ -$
Grants / intergovernmental - - 29,989 - - - 237,294
Charges for services:
Equipment rental m&o 1,729,537 - 4,692,882 - - - -
Facilities - - - 3,825,236 - - -
Interest and other misc 344,856 458,131 165,897 30,576 3,791 196,179 373,319
Internal service fund misc:
Vehicle/equipment capital recovery 1,689,271 - - - - - -
Insurance premiums - 1,739,440 - - - - -
Worker's comp/unemployment - 1,032,841 - - - - -
Benefit premiums - - - - - 6,987,928 150,000
Other misc 468 9,997 - 107,629 - 324,823 105,521
Disposal of capital assets 887 - - - - - -
Insurance recoveries 12,337 457,355 - - - 5,665 -
TOTAL REVENUES 3,777,356 3,697,764 5,013,462 3,963,441 3,791 7,514,595 866,134
EXPENSES:
Personnel 594,200 826,704 1,862,023 1,908,814 - 7,165,791 672,460
Supplies 907,454 1,666 373,705 305,157 - 3,234 -
Contracted Services 266,085 1,699,458 2,079,888 1,262,206 - 246,225 32,012
Internal Services 76,017 - 2,428 104,567 - 62,190 -
TOTAL OPERATING EXPENSES 1,843,756 2,527,828 4,318,044 3,580,744 - 7,477,440 704,472
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND TRANSFERS 1,933,600 1,169,936 695,418 382,697 3,791 37,155 161,662
CAPITAL OUTLAY 2,498,486 - 96,866 14,466 - - -
Transfers In - - 29,545 13,115 - - -
Transfers Out - - - - 783,348 - -
NET TRANSFERS - - 29,545 13,115 (783,348) - -
CHANGE IN FUND BALANCE (564,886) 1,169,936 628,097 381,346 (779,557) 37,155 161,662
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, Jun 30 18,970,942$ 26,951,283$ 10,260,304$ 2,343,515$ -$ 10,554,797$ 20,833,841$
Insurance Reserves - 20,253,866 - - - 5,114,808 20,833,841
Opearting Reserves 14,648,837 - 2,785,647 965,537 - - -
AVAILABLE FUND BALANCE 4,322,105$ 6,697,417$ 7,474,657$ 1,377,978$ -$ 5,439,989$ -$
Monthly Financial Report City of Renton, Washington June 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 168,360$ -$
Collected for Others - 1,843,992
TOTAL REVENUES 168,360 1,843,992
EXPENDITURES:
Distributions to Others 135,475 822,698
TOTAL EXPENDITURES 135,475 822,698
CHANGE IN FUND BALANCE 32,885 1,021,294
BEGINNING FUND BALANCE, Jan 1 9,636,751 -
ENDING FUND BALANCE, Jun 30 9,669,636$ 1,021,294$
Monthly Financial Report City of Renton, Washington June 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 June 30, 2025
Funds
Balance
01/01/2025
Budgeted
Revenue
Revenue
06/30/25
Total Funds
Available
Budgeted
Expenditure
Expenditure
06/30/25
Ending
Balance
GENERAL FUND 115,968,225 140,674,865 78,529,710 194,497,935 153,299,659 64,075,429 130,422,506
SPECIAL REVENUE FUNDS: 18,931,670 5,245,000 3,004,991 21,936,661 9,101,431 778,445 21,158,216
110 Hotel Motel 1,184,978 355,000 228,076 1,413,054 644,939 97,016 1,316,038
127 Cable Communication 372,210 60,000 27,648 399,858 97,674 39,637 360,221
130 Housing and Supportive Services 15,430,640 4,030,000 2,432,342 17,862,982 6,595,719 427,229 17,435,753
135 Springbrook Wetlands Bank 722,962 - 17,410 740,372 40,000 4,545 735,827
140 Police Seizure 790,432 - 191,419 981,851 790,432 131,857 849,994
141 Police CSAM Seizure 132,667 - 16,666 149,333 132,667 12,975 136,358
150 Affordable Housing Development 292,923 - 5,293 298,216 - - 298,216
31X School District Impact Mitigation 2,368 600,000 65,787 68,155 600,000 44,457 23,698
304 Fire Mitigation 2,490 200,000 20,350 22,840 200,000 20,729 2,111
DEBT SERVICE FUND 5,812,247 2,950,225 113,637 5,925,884 2,952,717 437,079 5,488,805
CAPITAL PROJECT FUNDS (CIP): 57,597,133 59,632,051 27,609,868 85,207,001 94,463,196 10,531,413 74,675,588
303 Community Services Mitigation 359,744 100,000 138,916 498,660 105,000 - 498,660
305 Transportation Mitigation 3,613,322 1,000,000 10,684,594 14,297,916 1,450,935 - 14,297,916
308 REET1 5,060,894 2,520,000 1,233,136 6,294,030 4,560,000 - 6,294,030
309 REET2 2,312,665 2,520,000 1,183,572 3,496,237 2,799,625 - 3,496,237
316 Municipal Facilities CIP 28,180,516 20,312,336 846,573 29,027,089 42,751,490 2,290,632 26,736,457
317 Transportation CIP 14,132,445 33,179,715 13,451,520 27,583,965 42,796,146 8,240,781 19,343,184
346 New Family First Center Dvlpmnt 3,937,547 - 71,557 4,009,104 - - 4,009,104
ENTERPRISE FUNDS: 137,732,888 125,271,013 60,387,104 198,119,992 191,509,143 52,444,169 145,675,823
4X2 Airport Operating & CIP 13,353,300 5,151,233 2,763,459 16,116,760 15,251,099 1,870,897 14,245,862
403 Solid Waste Utility 3,972,833 27,285,119 14,732,439 18,705,272 27,714,646 12,303,619 6,401,653
4X4 Golf Operating & CIP 2,611,727 4,650,594 2,127,831 4,739,558 5,390,273 2,410,334 2,329,224
4X5 Water Operating & CIP 56,673,939 19,912,731 9,739,582 66,413,521 51,889,091 10,596,482 55,817,039
4X6 Waste Water Operating & CIP 27,706,296 12,765,439 7,090,990 34,797,286 27,854,666 5,695,503 29,101,783
416 King County Metro 7,647,812 22,791,462 11,485,433 19,133,245 22,791,462 11,391,337 7,741,908
4X7 Surface Water Operating & CIP 25,766,981 32,714,435 12,447,370 38,214,350 40,617,906 8,175,997 30,038,354
INTERNAL SERVICE FUNDS: 88,880,929 50,450,293 24,879,203 113,760,132 62,095,057 23,845,450 89,914,682
501 Equipment Repair/Replacement 19,535,828 7,163,736 3,777,356 23,313,184 12,050,727 4,342,242 18,970,942
502 Insurance 25,781,347 8,020,527 3,697,764 29,479,111 7,970,555 2,527,828 26,951,283
503 Information Services 9,632,207 10,106,932 5,043,007 14,675,214 14,508,707 4,414,910 10,260,304
504 Facilities 1,962,169 7,696,815 3,976,556 5,938,725 8,046,138 3,595,210 2,343,515
505 Communications 779,557 3,791 3,791 783,348 783,348 783,348 -
512 Insurance, Healthcare 10,517,642 16,538,492 7,514,595 18,032,237 17,049,360 7,477,440 10,554,797
522 Insurance, Leoff1 Retirees HC 20,672,179 920,000 866,134 21,538,313 1,686,222 704,472 20,833,841
FIDUCIARY FUNDS: 9,636,752 1,500,000 2,012,352 11,649,104 275,475 958,173 10,690,930
611 Firemens' Pension 9,636,752 1,500,000 168,360 9,805,112 275,475 135,475 9,669,636
630 Custodial Fund - - 1,843,992 1,843,992 - 822,698 1,021,294
TOTAL FUNDS 434,559,844 385,723,447 196,536,865 631,096,709 513,696,678 153,070,157 478,026,553