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Home My WebLink AboutMONTH 2025 08 Page 1 of 7 OVERVIEW This monthly financial report reflects the City’s revenue and expenditures/expenses for the fiscal year through August 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 80,903,085$ Licenses and permits 4,889,307 Grants / intergovernmental 3,177,445 Charges for services 8,285,003 Interdepartmental services 30,270 Fines and penalties 2,185,536 Miscellaneous 1,653,739 Investment Earnings 3,229,458 Insurance recoveries 122,963 TOTAL REVENUES 104,476,806 EXPENDITURES: Personnel 54,525,732 Supplies 1,409,006 Contracted Services 15,698,855 Capital Outlay 43,255 Internal Services 11,335,668 TOTAL EXPENDITURES 83,012,516 Transfers In 651,911 Transfers Out (58,804) NET TRANSFERS 593,107 CHANGE IN FUND BALANCE 22,057,397 BEGINNING FUND BALANCE, Jan 1 115,968,225 ENDING FUND BALANCE, Aug 31 138,025,622$ ECONOMIC DEVELOPMENT RESERVE 2,500,000 OPERATING RESERVES 18,397,399 AVAILABLE FUND BALANCE, Aug 31 117,128,223$ Monthly Financial Report August 2025 Monthly Financial Report City of Renton, Washington August 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 320,487$ -$ 2,946,441$ -$ -$ -$ -$ -$ -$ Licenses and permits - 30,560 - - - - - - - Grants / intergovernmental - - - - 4,255 - - - - Charges for services - - - - - 30,688 74,737 - - Fines and penalties - - - - - - - - 14,919 Contributions - - - - - - - 177,496 - Investment Earnings 30,050 8,869 394,522 6,996 17,348 - 689 18,484 3,280 TOTAL REVENUES 350,537 39,429 3,340,963 6,996 21,603 30,688 75,426 195,980 18,199 EXPENDITURES: Personnel - - - - 5,353 - - - - Supplies - 6,100 - - - - - 94,703 272 Contracted Services 274,648 67,508 625,264 - 5,285 22,839 76,650 66,125 15,174 Capital Outlay - - - - - - - 61,018 - TOTAL EXPENDITURES 274,648 73,608 625,264 - 10,638 22,839 76,650 221,846 15,446 CHANGE IN FUND BALANCE 75,889 (34,179) 2,715,699 6,996 10,965 7,849 (1,224) (25,866) 2,753 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, Aug 31 1,260,867$ 338,031$ 18,146,339$ 299,919$ 733,927$ 10,339$ 1,144$ 764,566$ 135,420$ General Governmental Misc Debt REVENUES: Grants / intergovernmental 25,546$ Investment Earnings 136,102 TOTAL REVENUES 161,648 EXPENDITURES: Principal 215,000 Interest 453,145 TOTAL EXPENDITURES 668,145 CHANGE IN FUND BALANCE (506,497) BEGINNING FUND BALANCE, Jan 1 5,812,247 ENDING FUND BALANCE, Aug 31 5,305,750$ Debt Service Reserve 2,706,325 AVAILABLE FUND BALANCE 2,599,425$ Monthly Financial Report City of Renton, Washington August 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 -$ -$ 1,538,854$ 1,538,854$ -$ 2,902,926$ -$ Grants / intergovernmental - - - - 331,666 7,485,845 - Charges for services 146,206 10,862,239 - - 5,500 9,648 - Contributions - - - - - 3,574,232 - Investment Earnings 10,729 189,994 135,780 70,204 655,156 419,173 82,641 TOTAL REVENUES 156,935 11,052,233 1,674,634 1,609,058 992,322 14,391,824 82,641 EXPENDITURES: Personnel - - - - 50,709 216,542 - Supplies - - - - 24,185 38,416 - Contracted Services - - - - 517,963 644,954 - Capital Outlay - - - - 3,332,228 11,474,882 - TOTAL EXPENDITURES - - - - 3,925,085 12,374,794 - Transfers In - - - - - 24,432 - NET TRANSFERS - - - - - 24,432 - CHANGE IN FUND BALANCE 156,935 11,052,233 1,674,634 1,609,058 (2,932,763) 2,041,462 82,641 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, Aug 31 516,679$ 14,665,555$ 6,735,528$ 3,921,723$ 25,247,753$ 16,173,907$ 4,020,188$ Monthly Financial Report City of Renton, Washington August 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 -$ -$ -$ -$ 61,660$ -$ 22,125$ Grants / intergovernmental 77,963 299,908 - - - - 367,846 Charges for services 3,552,845 19,530,880 2,449,405 12,891,083 8,522,122 15,347,313 9,518,506 Fines and penalties 75 - - - - - - Rents, leases, and misc fees - - 427,426 94,917 - - - Interest and other misc 357,595 214,354 69,053 1,505,337 1,073,602 182,712 5,804,685 TOTAL REVENUES 3,988,478 20,045,142 2,945,884 14,491,337 9,657,384 15,530,025 15,713,162 EXPENSES: Personnel 972,375 459,709 1,330,600 3,504,075 1,909,736 - 2,906,518 Supplies 69,693 24,409 303,344 703,380 51,067 - 119,317 Contracted Services 397,588 17,381,675 181,036 2,546,716 1,750,748 15,190,957 1,472,409 Internal Services 277,647 316,072 317,342 1,460,193 975,481 - 1,627,199 TOTAL OPERATING EXPENSES 1,717,303 18,181,865 2,132,322 8,214,364 4,687,032 15,190,957 6,125,443 AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 2,271,175 1,863,277 813,562 6,276,973 4,970,352 339,068 9,587,719 DEBT SERVICE: Principal - - 30,239 - - - - Interest - - 572 49,730 22,490 - 27,793 TOTAL DEBT SERVICE - - 30,811 49,730 22,490 - 27,793 CAPITAL OUTLAY 2,483,910 - 458,295 5,595,665 3,154,485 - 4,711,303 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 (208,853) 1,893,033 327,450 662,398 1,827,040 339,068 4,877,728 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, Aug 31 13,144,447$ 5,865,866$ 2,939,177$ 57,336,337$ 29,533,336$ 7,986,880$ 30,644,709$ 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 12,858,545$ 5,465,866$ 1,941,323$ 54,181,816$ 27,857,207$ 7,606,880$ 28,577,829$ Monthly Financial Report City of Renton, Washington August 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 -$ -$ 155,637$ -$ -$ -$ -$ Grants / intergovernmental 15,000 - 29,989 - - - 237,294 Charges for services: Equipment rental m&o 1,774,500 - 4,692,882 - - - - Facilities - - - 3,825,236 - - - Interest and other misc 452,052 607,528 222,700 42,864 3,791 258,226 492,002 Internal service fund misc: Vehicle/equipment capital recovery 1,689,271 - - - - - - Insurance premiums - 1,739,440 - - - - - Worker's comp/unemployment - 1,429,573 - - - - - Benefit premiums - - - - - 9,317,882 150,000 Other misc 913 9,997 - 127,019 - 492,997 163,707 Disposal of capital assets 983 - - - - - - Insurance recoveries 33,653 536,564 - - - 5,665 - TOTAL REVENUES 3,966,372 4,323,102 5,101,208 3,995,119 3,791 10,074,770 1,043,003 EXPENSES: Personnel 776,812 1,103,358 2,525,118 2,532,098 - 9,757,305 904,678 Supplies 1,159,009 1,702 401,730 439,982 - 4,004 - Contracted Services 315,003 3,350,142 2,682,215 1,722,521 - 337,029 62,352 Internal Services 76,017 - 2,428 104,567 - 62,190 - TOTAL OPERATING EXPENSES 2,326,841 4,455,202 5,611,491 4,799,168 - 10,160,528 967,030 AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 1,639,531 (132,100) (510,283) (804,049) 3,791 (85,758) 75,973 CAPITAL OUTLAY 2,871,204 - 101,698 14,466 - - - Transfers In - - 29,545 13,115 - - - Transfers Out - - - - 783,348 - - NET TRANSFERS - - 29,545 13,115 (783,348) - - CHANGE IN FUND BALANCE (1,231,673) (132,100) (582,436) (805,400) (779,557) (85,758) 75,973 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, Aug 31 18,304,155$ 25,649,247$ 9,049,771$ 1,156,769$ -$ 10,431,884$ 20,748,152$ Insurance Reserves - 20,253,866 - - - 5,114,808 20,748,152 Opearting Reserves 14,648,837 - 2,785,647 965,537 - - - AVAILABLE FUND BALANCE 3,655,318$ 5,395,381$ 6,264,124$ 191,232$ -$ 5,317,076$ -$ Monthly Financial Report City of Renton, Washington August 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 1,050,698$ -$ Collected for Others - 2,527,530 TOTAL REVENUES 1,050,698 2,527,530 EXPENDITURES: Contracted Services 13,550 - Distributions to Others 181,240 1,290,723 TOTAL EXPENDITURES 194,790 1,290,723 CHANGE IN FUND BALANCE 855,908 1,236,807 BEGINNING FUND BALANCE, Jan 1 9,636,751 - ENDING FUND BALANCE, Aug 31 10,492,659$ 1,236,807$ Monthly Financial Report City of Renton, Washington August 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 August 31, 2025 Funds Balance 01/01/2025 Budgeted Revenue Revenue 08/31/25 Total Funds Available Budgeted Expenditure Expenditure 08/31/25 Ending Balance GENERAL FUND 115,968,225 140,674,865 105,128,717 221,096,942 153,299,659 83,071,320 138,025,622 SPECIAL REVENUE FUNDS: 18,931,670 5,245,000 4,079,821 23,011,491 9,101,431 1,320,939 21,690,552 110 Hotel Motel 1,184,978 355,000 350,537 1,535,515 644,939 274,648 1,260,867 127 Cable Communication 372,210 60,000 39,429 411,639 97,674 73,608 338,031 130 Housing and Supportive Services 15,430,640 4,030,000 3,340,963 18,771,603 6,595,719 625,264 18,146,339 135 Springbrook Wetlands Bank 722,962 - 21,603 744,565 40,000 10,638 733,927 140 Police Seizure 790,432 - 195,980 986,412 790,432 221,846 764,566 141 Police CSAM Seizure 132,667 - 18,199 150,866 132,667 15,446 135,420 150 Affordable Housing Development 292,923 - 6,996 299,919 - - 299,919 31X School District Impact Mitigation 2,368 600,000 75,426 77,794 600,000 76,650 1,144 304 Fire Mitigation 2,490 200,000 30,688 33,178 200,000 22,839 10,339 DEBT SERVICE FUND 5,812,247 2,950,225 161,648 5,973,895 2,952,717 668,145 5,305,750 CAPITAL PROJECT FUNDS (CIP): 57,597,133 59,632,051 29,984,079 87,581,212 94,463,196 16,299,879 71,281,333 303 Community Services Mitigation 359,744 100,000 156,935 516,679 105,000 - 516,679 305 Transportation Mitigation 3,613,322 1,000,000 11,052,233 14,665,555 1,450,935 - 14,665,555 308 REET1 5,060,894 2,520,000 1,674,634 6,735,528 4,560,000 - 6,735,528 309 REET2 2,312,665 2,520,000 1,609,058 3,921,723 2,799,625 - 3,921,723 316 Municipal Facilities CIP 28,180,516 20,312,336 992,322 29,172,838 42,751,490 3,925,085 25,247,753 317 Transportation CIP 14,132,445 33,179,715 14,416,256 28,548,701 42,796,146 12,374,794 16,173,907 346 New Family First Center Dvlpmnt 3,937,547 - 82,641 4,020,188 - - 4,020,188 ENTERPRISE FUNDS: 137,732,888 125,271,013 82,829,399 220,562,287 191,509,143 73,111,535 147,450,752 4X2 Airport Operating & CIP 13,353,300 5,151,233 3,992,360 17,345,661 15,251,099 4,201,213 13,144,447 403 Solid Waste Utility 3,972,833 27,285,119 20,074,898 24,047,731 27,714,646 18,181,865 5,865,866 4X4 Golf Operating & CIP 2,611,727 4,650,594 3,275,428 5,887,155 5,390,273 2,947,978 2,939,177 4X5 Water Operating & CIP 56,673,939 19,912,731 14,522,184 71,196,123 51,889,091 13,859,786 57,336,337 4X6 Waste Water Operating & CIP 27,706,296 12,765,439 9,691,074 37,397,370 27,854,666 7,864,034 29,533,336 416 King County Metro 7,647,812 22,791,462 15,530,025 23,177,837 22,791,462 15,190,957 7,986,880 4X7 Surface Water Operating & CIP 25,766,981 32,714,435 15,743,430 41,510,410 40,617,906 10,865,702 30,644,709 INTERNAL SERVICE FUNDS: 88,880,929 50,450,293 28,550,025 117,430,954 62,095,057 32,090,976 85,339,978 501 Equipment Repair/Replacement 19,535,828 7,163,736 3,966,372 23,502,200 12,050,727 5,198,045 18,304,155 502 Insurance 25,781,347 8,020,527 4,323,102 30,104,449 7,970,555 4,455,202 25,649,247 503 Information Services 9,632,207 10,106,932 5,130,753 14,762,960 14,508,707 5,713,189 9,049,771 504 Facilities 1,962,169 7,696,815 4,008,234 5,970,403 8,046,138 4,813,634 1,156,769 505 Communications 779,557 3,791 3,791 783,348 783,348 783,348 - 512 Insurance, Healthcare 10,517,642 16,538,492 10,074,770 20,592,412 17,049,360 10,160,528 10,431,884 522 Insurance, Leoff1 Retirees HC 20,672,179 920,000 1,043,003 21,715,182 1,686,222 967,030 20,748,152 FIDUCIARY FUNDS: 9,636,752 1,500,000 3,578,228 13,214,980 275,475 1,485,513 11,729,466 611 Firemens' Pension 9,636,752 1,500,000 1,050,698 10,687,450 275,475 194,790 10,492,659 630 Custodial Fund - - 2,527,530 2,527,530 - 1,290,723 1,236,807 TOTAL FUNDS 434,559,844 385,723,447 254,311,917 688,871,761 513,696,678 208,048,306 480,823,456