The URL can be used to link to this page

Home My WebLink AboutQUARTER 3 2025Page 1 of 29 OVERVIEW This quarterly financial report reflects the city’s revenue and expenditures/expenses for the fiscal year through September 30, 2025. A detailed analysis, including current to prior year and budget to actual comparison, is included for each city fund. This report excludes the city’s fiduciary funds, as these funds are held on behalf of others and are not available for city use. Budget figures shown reflect amounts authorized in ORD 6163, which includes the second quarter budget adjustment approved July 21, 2025. 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 YTD revenues and expenditures for the General Fund, including comparison to prior year, comparison to YTD budget amounts, and percentage of annual budget. YTD budget amounts are generally based on the collection/disbursement patterns for the same period of the preceding two (2) years, with the following exceptions: property tax revenue budgets are based on the collection patterns over the preceding four (4) years and sales tax revenue budgets are based on the collection patterns over the preceding five (5) years. General Fund YTD Prior Year YTD YTD Budget % BUDGET REVENUES Taxes 82,344,286$ 110,390,000$ 77,212,190$ 86,938,073$ 4,593,787$ 9,725,883$ 78.76% Licenses & Permits 5,094,375 5,765,000 4,429,455 5,324,382 230,007$ 894,927 92.36% Intergovernmental 6,640,729 4,971,549 3,774,929 3,627,465 (3,013,264)$ (147,464) 72.96% Charges for Services 9,389,518 11,590,028 9,421,703 10,436,464 1,046,946$ 1,014,761 90.05% Fines and Penalties 2,755,619 3,465,000 2,573,908 2,474,764 (280,855)$ (99,144) 71.42% Miscellaneous 6,418,303 2,894,377 2,227,513 5,545,272 (873,031)$ 3,317,759 191.59% Other Financing Sources (Transfer-In, etc) 392,763 1,598,911 1,598,910 812,527 419,764$ (786,383) 50.82% TOTAL REVENUES 113,035,593 140,674,865 101,238,608 115,158,947 2,123,354 13,920,339 81.86% EXPENDITURESCity Attorney 2,415,805 3,886,062 2,916,643 2,576,514 (160,709) 340,129 66.30% Community and Economic Development 9,841,090 15,585,011 11,525,022 10,159,662 (318,572) 1,365,360 65.19% Council 565,996 862,719 658,244 614,606 (48,610) 43,638 71.24% Court Services 2,523,689 4,087,009 3,065,374 2,473,276 50,413 592,098 60.52% Executive Services 4,921,920 8,694,604 6,551,808 5,785,525 (863,605) 766,283 66.54% Finance 3,561,848 6,418,396 4,410,544 3,890,273 (328,425) 520,271 60.61% Human Resources 1,313,406 2,685,331 2,033,063 1,632,581 (319,175) 400,482 60.80% Parks and Recreation 14,962,581 21,395,373 15,663,534 14,572,620 389,961 1,090,914 68.11% Police 38,316,052 54,907,345 40,567,680 41,105,420 (2,789,368) (537,740) 74.86% Public Works 12,464,040 19,286,767 14,465,922 13,410,381 (946,341) 1,055,541 69.53% Other Non-Departmental 1,567,612 15,503,042 4,156,612 1,269,150 298,462 2,887,462 8.19% TOTAL EXPENDITURES 92,454,039 153,311,659 106,014,446 97,490,008 (5,035,969) 8,524,438 63.59% Change in Fund Balance 20,581,554 (12,636,794) (4,775,838) 17,668,939 (2,912,615) 22,444,777 N/A Beginning Fund Balance 99,226,475 115,968,225 115,968,225 115,968,225 16,741,750 - 100.00% ENDING FUND BALANCE 119,808,029$ 103,331,431$ 111,192,387$ 133,637,164$ 13,829,135$ 22,444,777$ 129.33% Operating Reserve 17,346,914 18,397,399 18,397,399 18,397,399 Economic Development Reserve 2,500,000 2,500,000 2,500,000 2,500,000 AVAILABLE FUND BALANCE 99,961,115$ 82,434,032$ 90,294,988$ 112,739,765$ Summary of Sources and Uses Favorable (Unfavorable) 2024 2025 Variance YTD Actual Annual Budget YTD Budget YTD Actual Quarterly Financial Report 3rd Quarter 2025 Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 2 of 29 GENERAL FUND REVENUES The following tables provide a more detailed summary of each revenue category within the General Fund. All variances are shown in a favorable/(unfavorable) format. TAXES Taxes overall are trending above budget approximately $9.7 million largely due to the larger than anticipated collections relating to sales tax, B&O taxes and utility taxes. Many of the tax categories are trending behind prior year figures as expected except for B&O taxes and utility taxes. There is a proposal to increase the budget for several general fund revenues as part of the mid-biennial budget adjustment. Local Retail Sales Tax – The year-to-date sales tax receipts are approximately 1.3% behind the revenues from the prior year but above budget. Retail sales which account for 15% of the total taxes collected are lagging behind prior year figures by 1.8%. This decrease is offset by a strong increase in sales tax from the service industry and automobile sales at 7.6% and 3.4% respectively over prior year. The mid-biennial budget recommends increasing the budget for sales tax by $1M for each year based on current collection trends. Utility Tax – The increase in utility tax is most notably from an increase in electricity utility tax. The increase in customer collections and rates for electricity is 5% over prior year whereas the budget projected a 1.5% increase. The mid- biennial budget adjustment incudes an increase to utility tax of $2M for both 2025 and 2026. Gambling Excise Tax –Current year revenue is trending lower than in prior year due to the closure of a large gambling establishment in early 2025. Expected annual decrease due to this closure will be an overall reduction of $650K per year, however because gambling tax can fluctuate so much based on the economy and overall consumer spend, budget was established lower than previous years with expected economic downturn. The mid-biennial budget adjustment includes increasing the budget for 2025 by $500K. Business and Occupation (B&O) Tax – The B&O tax structure was changed several years ago with a tiered increase annually for the maximum amount any one taxpayer would pay yearly. For 2025, the maximum tax cap was removed and instead created a tiered rate of a 75% reduction for all taxes due over the $12M tax base. Because of this tax structure, larger collections are expected earlier in the year, and a slower trend as the year continues. Even with this anticipated trend, these taxes are much higher than projected largely due to larger than expected revenues of several large businesses and ongoing audits which account for over $1M in taxes. 2024 2025 2025 Actual Budget Actual $ % $ % Property Tax 14,008,318 14,517,600 14,351,212 342,894 2.4%(166,388) -1.1% Local Retail Sales Tax 28,907,418 26,550,728 28,523,027 (384,391) -1.3%1,972,299 7.4% State Sales Tax Credit 505,742 504,862 513,981 8,239 1.6% 9,119 1.8% Criminal Justice Sales Tax 2,867,781 2,680,517 2,894,739 26,958 0.9% 214,222 8.0% Natural Gas Use Tax 188,799 171,700 167,842 (20,957) -11.1% (3,858) -2.2% Admission Tax 786,509 753,736 747,645 (38,864) -4.9% (6,091) -0.8% Utility Tax 14,424,511 13,614,279 15,623,281 1,198,770 8.3% 2,009,002 14.8% Leasehold Excise Tax 185,260 194,443 179,757 (5,503) -3.0% (14,686) -7.6% Gambling Excise Tax 3,248,108 2,128,177 2,917,788 (330,320) -10.2%789,611 37.1% B&O Tax 17,221,840 16,096,148 21,018,801 3,796,961 22.0% 4,922,653 30.6% YTD Total 82,344,286$ 77,212,190$ 86,938,073$ 4,593,787$ 5.6% 9,725,883$ 12.6% Annual Total 117,053,045$ 110,390,000$ Taxes by Type Revenue 2025 vs. 2024 2025 vs. Budget Year to Date through September Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 3 of 29 LICENSES & PERMITS Building Permits – Building permits are collected upon permit issuance. The increase from prior year is related to an increase in building permits issued up 30% from prior year as well as an increase in the number of large value permits (18 permits issued with a valuation over $1M each). Permits and development fees had seen a decrease in 2023 with a steady recovery the past few years. As the interest rates continue to go down, the expectation is for the investment in housing and construction sectors to grow. INTERGOVERNMENTAL State Shared Revenue – State shared revenue is comprised on various taxes collected by the state and then passed onto the city. Below is a summary of the individual taxes received. This year, the city received additional taxes for criminal justice which is distributed to certain cities with increased crime rates and population. The other notable trend is the fuel tax continues to trend lower each year as more electric cars on the road not contributing to this tax. Federal/State/Local Grants – Federal/State/Local grant revenue varies significantly from year-to-year based on volume of grant awards procured, timing of grant expenditures, and reimbursement of related expenditures. Grant revenue is budgeted at 100% of award at the time the grant agreement is executed, sometimes resulting in a budget variance due to reimbursement of grant expenditures occurring in a future year. Any grant revenue not received in award year is carried forward each year until the grant funds are fully received or the grant agreement expires. The variance from prior year is largely due to recognizing the remaining ARPA grant funds of $2.6M in Q1 of 2024. 2024 2025 2025 Actual Budget Actual $ % $ % Franchise Fees 957,967 997,688 946,308 (11,659) -1.2% (51,380) -5.1% Business Licenses 922,299 916,734 1,015,412 93,113 10.1% 98,679 10.8% Animal Licenses 43,710 47,806 38,690 (5,020) -11.5% (9,116) -19.1% Building Permits 3,144,964 2,440,384 3,302,147 157,183 5.0% 861,763 35.3% ROW/Street Excavation Permits 24,670 26,843 21,825 (2,845) -11.5% (5,018) -18.7% Special Event Permits 765 - - (765) 0.0% - N/A YTD Total 5,094,375$ 4,429,455$ 5,324,382$ 230,007$ 4.5% 894,928$ 20.2% Annual Total 6,589,771$ 5,765,000$ Licenses & Permits by Type Year to Date through September Revenue 2025 vs. 2024 2025 vs. Budget 2024 2025 2025 Actual Budget Actual $ % $ % State Shared Revenue 3,103,913 2,971,326$ 3,067,208 (36,705)$ -1.2%95,882$ 3.2% Federal Grants 2,804,525 160,952 149,424 (2,655,101) -94.7% (11,528) -7.2% State Grants 607,182 565,437 331,380 (275,802) -45.4% (234,057) -41.4% Local Grants 125,109 77,214 79,453 (45,656) -36.5%2,239 2.9% YTD Total 6,640,729$ 3,774,929$ 3,627,465$ (3,013,264)$ -45.4% (147,464)$ -3.9% Annual Total 7,887,395$ 4,971,549$ Intergovernmental by Type Revenue 2025 vs. 2024 2025 vs. Budget Year to Date through September 2024 2025 2025 Tax by Type YTD Actual YTD Budget YTD Actual $ % $ % Judicial Contribution 33,588$ 37,500$ 33,585$ (3)$ N/A (3,915)$ -10.4% Crim Just - High Crime 91,105 - 180,365 89,260 N/A 180,365 100.0% Crim Just - Pop 30,575 18,538 32,474 1,899 6.2% 13,936 75.2% Crim Just - Spec Prog 107,500 74,208 113,734 6,234 5.8% 39,526 53.3% WASPC Legislative 41,666 - - (41,666) N/A - N/A State DUI 8,188 6,710 7,530 (658) -8.0%820 12.2% Marijuana Distribution 218,436 186,783 193,027 (25,409) -11.6%6,244 3.3% Liquor Profits 610,907 600,003 608,354 (2,553) -0.4%8,351 1.4% Liquor Excise Tax 549,235 564,103 520,117 (29,118) 94.7%(43,986) -7.8% Fuel Tax 1,412,713 1,483,481 1,378,022 (34,691) -2.5% (105,459) -7.1% YTD Total 3,103,913$ 2,971,326$ 3,067,208$ (36,705)$ -1.2%95,882$ 3.2% 2025 vs. 2024 2025 vs. Budget Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 4 of 29 CHARGES FOR SERVICES Court Services – The decline in revenues for court services are largely due to a change in accounting for when revenue is recognized on funds received for bail bonds. Bonds are recognized as revenue when the court orders bail or bond to be forfeited instead of when paid. Public Safety Services – The higher-than-budgeted revenue in public safety services is primarily attributable to a one time increase for private security services at a local business. This agreement is not expected to be ongoing. Development Services –The increase over budget is due to building and construction plan review and approval fees for projects taking place in the city by external companies. These fees like building permits have increased over the past several years after a sharp decline in 2023, signalling recovering in the construction sectors. FINES AND PENALTIES Photo Enforcement Program – The number of infractions issued has decreased approximately 13% in comparison to prior year and has decreased steadily by 10% each year since 2021. The mid-biennial budget adjustment includes a reduction of the budget by $750K for both years. Non-Court Fines, Forfeitures and Penalties – Approximately $275K relates to fines and penalties related to business and occupation taxes paid after the tax was due. Penalties of this sort are typically not expected and therefore the budget is set low. 2024 2025 2025 Actual Budget Actual $ % $ % Passport Fees 6,975 7,449 5,600 (1,375) -19.7% (1,849) -24.8% Court Services 91,654 110,090 38,768 (52,885) -57.7% (71,321) -64.8% General Government Services 73 - 112 39 52.5% 112 100.0% Public Safety Services 639,106 532,608 993,508 354,402 55.5% 460,900 86.5% Development Services 2,003,104 1,496,209 1,935,608 (67,496) -3.4%439,399 29.4% Transportation Services 66,690 - 74,046 7,355 11.0% 74,045 100.0% Social Services 18,330 - 6,843 (11,487) -62.7%6,843 100.0% Parks and Recreation Fees 1,467,230 1,451,946 1,483,216 15,986 1.1% 31,270 2.2% Interfund Services 5,096,356 5,823,400 5,898,763 802,407 15.7% 75,363 1.3% YTD Total 9,389,518$ 9,421,703$ 10,436,464$ 1,046,946$ 11.2% 1,014,761$ 10.8% Annual Total 11,654,429$ 11,590,028$ Year to Date through September Charges for Services by Type Revenue 2025 vs. 2024 2025 vs. Budget 2024 2025 2025 Actual Budget Actual $ % $ % Civil Penalties 203,475$ 186,888$ 232,195$ 28,720$ 14.1% 45,307$ 24.2% Photo Enforcement Program 2,141,873 2,247,797 1,788,680 (353,193) -16.5% (459,117) -20.4% Criminal Traffic Misdemeanor Fines 9,520 19,741 7,230 (2,290) -24.1% (12,511) -63.4% Criminal Non-Traffic Fines 2,104 3,992 9,898 7,794 370.4% 5,906 147.9% Criminal Costs 12,032 12,357 7,492 (4,540) -37.7% (4,865) -39.4% Non-Court Fines, Forfeitures and Penalties 386,615 103,133 429,268 42,654 11.0% 326,136 316.2% YTD Total 2,755,619$ 2,573,908$ 2,474,764$ (280,855)$ -10.2% (99,144)$ -3.9% Annual Total 3,894,478$ 3,465,000$ Fines and Penalties by Type Revenue 2025 vs. 2024 2025 vs. Budget Year to Date through September Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 5 of 29 MISCELLANEOUS REVENUES Interest and Other Investment Earnings – Investment earnings are highly influenced by the federal funds rate as a large amount of the city’s investments are maintained within the Local Government Investment Pool (LGIP). The LGIP maintains a high level of liquidity and will closely track with the federal funds rate as it decreases or increases; the city holds roughly 44% of the total cash and investments for the city in the LGIP. The budget anticipated several decreases in interest rates however the federal fund rates continue to be higher than anticipated. Other – This category includes funds received for opioid settlements. Most of the opioid settlements are to be received over time however in 2024 there were two substantial opioid settlements in which the full settlement was paid at once; these settlements are one time funding and would not be expected to continue into future years. OTHER FINANCING SOURCES Transfers from Other Funds – Many budgeted transfers between funds occur at year end once a final analysis and assessment is complete. The remaining amount of budget is for an annual transfer as outlined in the financial management plan; 2026 will be the last year of this transfer. GENERAL FUND EXPENDITURES The following table summarizes expenditures by category for each department within the General Fund. Personnel – Personnel costs are budgeted at 100% of the position cost each year, resulting in a budget variance if positions remain open for any part of the year. The increase in personnel costs over prior year is due to the restructuring of the communications staff costs which were previously reported as an internal service fund and are now reported in the general fund. 2025 figures also include newly approved positions, and cost-of-living adjustments. Personnel costs under budget are due to open positions; approximately 8% of budgeted positions currently vacant. Contracted Services - These costs are typically cyclical in nature and/or are related large projects or projects funded by grants where the timing of costs may vary. A large amount of the unspent budget relates to reserves and legal services for ongoing litigation support. 2024 2025 2025 Actual Budget Actual $ % $ % Interest and Other Investment Earnings 3,652,941$ 855,195$ 3,690,051$ 37,110$ 1.0% 2,834,856$ 331.5% Rents, Leases, and Concessions 1,396,332 1,132,110 1,231,851 (164,481) -11.8%99,741 8.8% Contributions/Donations from Private Sources 210,162 105,643 185,320 (24,842) -11.8%79,677 75.4% Other 1,158,868 134,565 438,050 (720,818) -62.2%303,485 225.5% YTD Total 6,418,303$ 2,227,513$ 5,545,272$ (873,031)$ -13.6%3,317,759$ 148.9% Annual Total 8,111,154$ 2,894,377$ Miscellaneous by Type Year to Date through September Revenue 2025 vs. 2024 2025 vs. Budget 2024 2025 2025 Actual Budget Actual $ % $ % Transfers from Other Funds 317,892$ 1,551,911$ 651,911$ 334,019 105.1%(900,000) -58.0% Interfund Loan Payment Received 33,758 47,000 34,065 307 0.9%(12,935) -27.5% Insurance Recoveries 19,853 - 126,551 106,698 537.4% 126,551 100.0% YTD Total 392,763$ 1,598,911$ 812,527$ 419,764$ 106.9%(786,384)$ -49.2% Annual Total 1,079,079$ 1,598,911$ Year to Date through September Other Financing Sources by Type Revenue 2025 vs. 2024 2025 vs. Budget General Fund Summary of Uses 2024 Year to Date through September YTD Actual YTD Budget YTD Actual $%$% Personnel 57,113,717$ 67,466,086$ 61,371,893$ (4,258,176)$ -7.5%6,094,193$ 9.0% Supplies 1,687,185 1,530,043 1,587,038 100,147 5.9%(56,995) -3.7% Contracted Services 17,559,690 19,875,579 17,384,458 175,232 1.0% 2,491,121 12.5% Capital Outlay 90,088 62,967 66,845 23,243 25.8%(3,878) -6.2% Internal Services 15,730,934 16,992,739 16,992,741 (1,261,807) -8.0% (2) 0.0% Transfers Out 272,425 87,033 87,033 185,392 68.1% - 0.0% Total Expenditures 92,454,039 106,014,446 97,490,008 (5,035,969) -5.4% 8,524,438 8.0% Annual Total 139,527,678 153,311,659 2025 2025 vs. 2024 2025 vs. Budget Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 6 of 29 DEBT SERVICE FUNDS 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. YTD budgets are not prepared for debt service funds. Detailed explanations will be provided for material annual budget differences at year-end. GENERAL GOVERNMENTAL MISCELLANEOUS DEBT FUND The General Governmental Miscellaneous Debt Fund is the only debt service fund maintained by the city. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Grants / intergovernmental 32,358$ 27,000$ 25,546$ (6,812)$ (1,454)$ 94.61% Investment Earnings 156,790 - 151,228 (5,562) 151,228 N/A TOTAL REVENUES 189,148 27,000 176,774 (12,374) 149,774 654.72% EXPENDITURES: Principal 215,000 2,075,000 215,000 - 1,860,000 10.36% Interest 498,153 877,717 453,145 45,008 424,572 51.63% TOTAL EXPENDITURES 713,153 2,952,717 668,145 45,008 2,284,572 22.63% Transfers In - 2,923,225 - - (2,923,225) 0.00% NET TRANSFERS - 2,923,225 - - (2,923,225) 0.00% CHANGE IN FUND BALANCE (524,005) (2,492) (491,371) 32,634 (488,879) N/A BEGINNING FUND BALANCE, Jan 1 5,412,174 5,812,247 5,812,247 400,073 - 100.00% ENDING FUND BALANCE, Sep 30 4,888,169$ 5,809,755$ 5,320,876$ 432,707$ (488,879)$ 91.59% Debt Service Reserve 2,717,575 2,706,325 2,706,325 AVAILABLE FUND BALANCE 2,170,594$ 3,103,430$ 2,614,551$ VARIANCE FAVORABLE (UNFAVORABLE) GENERAL GOVERNMENTAL MISCELLANEOUS DEBT Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 7 of 29 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. YTD budgets are not prepared for special revenue funds. Detailed explanations will be provided for material annual budget differences at year-end. Hotel/Motel Fund The Hotel/Motel Fund accounts for monies collected through an increase of 1% in hotel/motel taxes for the purpose of increasing tourism in the City of Renton, as authorized under RCW 67.28.180. The Lodging Tax Advisory Committee solicits applications for awards and brings their recommendations to Council for approval at least once per year. Awards for events are paid to applicants at the conclusion of the event once certain reporting requirements have been met. Cable Communications Fund The Cable Communications Fund accounts for funding for promotion and development of cable communications as established by city ordinance. The main use of the fund is to support the broadcasting of City Council meetings on Channel 21. Licenses - There has been a steady decrease in cable service utility taxes over the past several years with the consumer choosing to discontinue cable television and instead choosing individual subscription-based plans. Cable companies have also changed the allocation of their bundled plans with more of the revenues allocated to internet usage which is not taxable. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Taxes 406,887$ 350,000$ 386,432$ (20,455)$ 36,432$ 110.41% Contributions 30,000 5,000 - (30,000) (5,000) 0.00% Investment Earnings 29,703 - 33,646 3,943 33,646 N/A TOTAL REVENUES 466,590 355,000 420,078 (46,512) 65,078 118.33% EXPENDITURES: Contracted Services 223,796 644,939 404,648 (180,852) 240,291 62.74% TOTAL EXPENDITURES 223,796 644,939 404,648 (180,852) 240,291 62.74% CHANGE IN FUND BALANCE 242,794 (289,939) 15,430 (227,364) 305,369 -5.32% BEGINNING FUND BALANCE, Jan 1 889,271 1,184,977 1,184,977 295,706 - 133.25% ENDING FUND BALANCE, Sep 30 1,132,065$ 895,038$ 1,200,407$ 68,342$ 305,369$ 106.04% VARIANCE FAVORABLE (UNFAVORABLE) HOTEL/MOTEL 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Licenses and permits 35,496$ 60,000$ 30,561$ (4,935)$ (29,439)$ 50.94% Contributions 2,596 - - (2,596) - N/A Investment Earnings 11,192 - 9,837 (1,355) 9,837 N/A TOTAL REVENUES 49,284 60,000 40,398 (8,886) (19,602) 67.33% EXPENDITURES: Supplies 2,768 6,302 6,120 3,352 182 97.11% Contracted Services 33,841 91,372 69,258 35,417 22,114 75.80% TOTAL EXPENDITURES 36,609 97,674 75,378 38,769 22,296 77.17% CHANGE IN FUND BALANCE 12,675 (37,674) (34,980) (47,655) 2,694 N/A BEGINNING FUND BALANCE, Jan 1 358,300 372,210 372,210 13,910 - 100.00% ENDING FUND BALANCE, Sep 30 370,975$ 334,536$ 337,230$ (33,745)$ 2,694$ 100.81% CABLE COMMUNICATIONS VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 8 of 29 Housing & Supportive Services In accordance with HB 1590, the City Council passed ORD 5983 authorizing an additional 0.1% sales and use tax, effective January 1, 2021. The additional sales and use tax is restricted for housing and related services, in accordance with RCW 82.14.530. Contracted Services – The City entered a new two-year contract with the Renton School District to support a Renton Student Health Hub that began in Q4 2024. The payments for the project are based on completion of project phases, which is to continue through 2026. Additionally, council approved $1.4M dedicated to two supportive housing projects. Transfers – Funding for the purchase of land for the future resource enter site. The resource center will provide one location to provide services for those in need of help with homelessness and addiction. Springbrook Wetlands Fund The Springbrook Wetlands Fund was established in 2007 for the purpose of providing accounting for the Springbrook Creek Wetland and Habitat Mitigation Bank project. The proceeds of selling wetlands credits will be used to fund the ongoing maintenance of the wetland in perpetuity. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Taxes 3,391,643$ 4,000,000$ 3,347,147$ (44,496)$ (652,853)$ 83.68% Investment Earnings 369,212 30,000 446,488 77,276 416,488 1488.29% TOTAL REVENUES 3,760,855 4,030,000 3,793,635 32,780 (236,365) 94.13% EXPENDITURES: Contracted Services 190,438 3,195,719 717,093 526,655 2,478,626 22.44% TOTAL EXPENDITURES 190,438 3,195,719 717,093 526,655 2,478,626 22.44% Transfers Out - (3,400,000) - - - N/A NET TRANSFERS - (3,400,000) - - - N/A CHANGE IN FUND BALANCE 3,570,417 (2,565,719) 3,076,542 (493,875) 5,642,261 N/A BEGINNING FUND BALANCE, Jan 1 10,811,847 15,430,640 15,430,640 4,618,793 - 100.00% ENDING FUND BALANCE, Sep 30 14,382,264$ 12,864,921$ 18,507,182$ 4,124,918$ 5,642,261$ 143.86% HOUSING & SUPPORTIVE SERVICES VARIANCE FAVORABLE (UNFAVORABLE) 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Grants / intergovernmental 4,132$ -$ 4,256$ 124$ 4,256$ N/A Investment Earnings 21,449 - 19,452 (1,997) 19,452 N/A TOTAL REVENUES 25,581 - 23,708 (1,873) 23,708 N/A EXPENDITURES: Personnel 3,810 - 5,862 (2,052) (5,862) N/A Contracted Services 7,266 40,000 7,217 49 32,783 18.04% TOTAL EXPENDITURES 11,076 40,000 13,079 (2,003) 26,921 32.70% CHANGE IN FUND BALANCE 14,505 (40,000) 10,629 (3,876) 50,629 N/A BEGINNING FUND BALANCE, Jan 1 711,119 722,963 722,963 11,844 - 100.00% ENDING FUND BALANCE, Sep 30 725,624$ 682,963$ 733,592$ 7,968$ 50,629$ 107.41% SPRINGBROOK WETLANDS VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 9 of 29 Police Seizure Funds The Police Seizure and CSAM Funds were established for the purpose of providing transparency in the accounting for assets seized by Police in accordance with RCW 9A.83.030, RCW 9A.88.150 and 69.50.505. These seizure funds are restricted to use exclusively for the expansion and improvement of controlled substances-related law enforcement activity, or for provisions of chapter 9A.88 RCW, Indecent Exposure-Prostitution, or chapter 9.68A RCW, Sexual Exploitation of Children. The total fund balance remaining at the end of the year is budgeted in full the following year in the supplies line item and contracted services line item for CSAM. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Contributions 421,850$ -$ 189,791$ (232,059)$ 189,791$ N/A Investment Earnings 21,201 - 20,665 (536) 20,665 N/A TOTAL REVENUES 443,051 - 210,456 (232,595) 210,456 N/A EXPENDITURES: Supplies 12,207 790,432 94,703 82,496 695,729 11.98% Contracted Services 252,513 - 66,983 (185,530) (66,983) N/A Capital Outlay 86,900 - 61,018 (25,882) (61,018) N/A TOTAL EXPENDITURES 351,620 790,432 222,704 (128,916) 567,728 28.17% CHANGE IN FUND BALANCE 91,431 (790,432) (12,248) (103,679) 778,184 N/A BEGINNING FUND BALANCE, Jan 1 731,929 790,432 790,432 58,503 - 100.00% ENDING FUND BALANCE, Sep 30 823,360$ -$ 778,184$ (45,176)$ 778,184$ N/A POLICE SEIZURE VARIANCE FAVORABLE (UNFAVORABLE) 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Fines and penalties 1,670$ -$ 14,967$ 13,297$ 14,967$ N/A Investment Earnings 4,064 - 3,667 (397) 3,667 N/A TOTAL REVENUES 5,734 - 18,634 12,900 18,634 N/A EXPENDITURES: Supplies 427 - 271 (156) (271) N/A Contracted Services 2,235 132,667 18,319 16,084 114,348 13.81% Capital Outlay 40,278 - - (40,278) - N/A TOTAL EXPENDITURES 42,940 132,667 18,590 (24,350) 114,077 14.01% CHANGE IN FUND BALANCE (37,206) (132,667) 44 37,250 132,711 N/A BEGINNING FUND BALANCE, Jan 1 169,577 132,667 132,667 (36,910) - 100.00% ENDING FUND BALANCE, Sep 30 132,371$ -$ 132,711$ 340$ 132,711$ N/A POLICE CSAM SEIZURE VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 10 of 29 Affordable Housing Development Fund The Affordable Housing Development Fund was created in 2024, per ordinance 6137. The city expanded its current affordable housing program under RMC-4-9-065 to allow receipt of additional payment from developers who prefer to contribute financially towards the development of low-income housing rather than incorporate such housing within developments. Fire Impact Mitigation Fund This fund accounts for fire impact fees collected from developers as authorized under RCW 82.02.050-.110. These fees are used to offset the cost of system improvements necessary to serve the new development. The impact fee collections are subsequently disbursed to the Renton Regional Fire Authority for use on qualifying capital projects. School District Impact Mitigation This fund accounts for school district impact fees collected from developers as authorized by RCW 82.02.050-.110. These fees are used to help offset the cost of improvements to service the new development. Impact fees are held in this fund and subsequently transferred to the Kent, Issaquah, or Renton School District for qualifying capital projects. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Investment Earnings -$ -$ 7,852$ 7,852$ 7,852$ N/A TOTAL REVENUES - - 7,852 7,852 7,852 N/A EXPENDITURES: TOTAL EXPENDITURES - - - - - N/A CHANGE IN FUND BALANCE - - 7,852 7,852 7,852 N/A BEGINNING FUND BALANCE, Jan 1 - 292,923 292,923 292,923 - 100.00% ENDING FUND BALANCE, Sep 30 -$ 292,923$ 300,775$ 300,775$ 7,852$ 102.68% AFFORDABLE HOUSING DEVELOPMENT VARIANCE FAVORABLE (UNFAVORABLE) 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Charges for services 71,850$ 200,000$ 41,489$ (30,361)$ (158,511)$ 20.74% TOTAL REVENUES 71,850 200,000 41,489 (30,361) (158,511) 20.74% EXPENDITURES: Contracted Services 65,620 200,000 33,177 (32,443) 166,823 16.59% TOTAL EXPENDITURES 65,620 200,000 33,177 (32,443) 166,823 16.59% CHANGE IN FUND BALANCE 6,230 - 8,312 2,082 8,312 N/A BEGINNING FUND BALANCE, Jan 1 - 2,490 2,490 2,490 - 100.00% ENDING FUND BALANCE, Sep 30 6,230$ 2,490$ 10,802$ 4,572$ 8,312$ 433.82% FIRE IMPACT MITIGATION VARIANCE FAVORABLE (UNFAVORABLE) 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Charges for services 156,112$ 600,000$ 131,996$ (24,116)$ (468,004)$ 22.00% Investment Earnings 398 - 716 318 716 N/A TOTAL REVENUES 156,510 600,000 132,712 (23,798) (467,288) 22.12% EXPENDITURES: Contracted Services 56,946 600,000 77,653 20,707 522,347 12.94% TOTAL EXPENDITURES 56,946 600,000 77,653 20,707 522,347 12.94% CHANGE IN FUND BALANCE 99,564 - 55,059 (44,505) 55,059 N/A BEGINNING FUND BALANCE, Jan 1 33 2,367 2,367 2,334 - 100.00% ENDING FUND BALANCE, Sep 30 99,597$ 2,367$ 57,426$ (42,171)$ 55,059$ 2426.11% SCHOOL DISTRICT IMPACT MITIGATION VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 11 of 29 CAPITAL PROJECT FUNDS Capital project funds are used to account for the acquisition and construction of major capital facilities and equipment. YTD budgets are not prepared for capital project funds. Project budgets are adopted when funding is secured, and balances are carried forward each year until they are either 1) fully spent or 2) reallocated to another project through the budget adjustment process. Detailed explanations will be provided for material differences between prior year and or budgeted amounts. Community Services Impact Mitigation Fund This fund accounts for park impact fees collected from developers as authorized under RCW 82.02.050-.110. These fees are used to help offset the cost of improvements to service the new development. Impact fees are held in this fund and subsequently transferred to the Municipal Facilities CIP Fund when qualifying capital projects are budgeted. Transportation Impact Mitigation Fund This fund accounts for transportation impact fees collected from developers as authorized under RCW 82.02.050-.110. These fees are used to offset the cost of system improvements necessary to serve the new development. Impact fees are held in this fund and subsequently transferred to the Capital Improvement Fund when qualifying projects are budgeted. Charges for Services – The increase from prior year is primarily due to permit revenue related to a new grocery store soon to open at the Landing. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Charges for services 95,017$ 100,000$ 187,040$ 92,023$ 87,040$ 187.04% Investment Earnings 21,744 - 12,201 (9,543) 12,201 N/A TOTAL REVENUES 116,761 100,000 199,241 82,480 99,241 199.24% EXPENDITURES: TOTAL EXPENDITURES - - - - - N/A Transfers Out - (105,000) - - (105,000) 0.00% NET TRANSFERS - (105,000) - - 105,000 0.00% CHANGE IN FUND BALANCE 116,761 (5,000) 199,241 82,480 204,241 -3984.82% BEGINNING FUND BALANCE, Jan 1 681,332 359,743 359,743 (321,589) - 100.00% ENDING FUND BALANCE, Sep 30 798,093$ 354,743$ 558,984$ (239,109)$ 204,241$ 157.57% COMMUNITY SERVICES IMPACT MITIGATION VARIANCE FAVORABLE (UNFAVORABLE) 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Charges for services 1,017,231$ 1,000,000$ 11,076,555$ 10,059,325$ 10,076,555$ 1107.66% Investment Earnings 76,869 - 231,899 155,030 231,899 N/A TOTAL REVENUES 1,094,100 1,000,000 11,308,454 10,214,355 10,308,454 1130.85% EXPENDITURES: TOTAL EXPENDITURES - - - - - N/A Transfers Out - (1,450,935) - - (1,450,935) 0.00% NET TRANSFERS - (1,450,935) - - (1,450,935) 0.00% CHANGE IN FUND BALANCE 1,094,100 (450,935) 11,308,454 10,214,354 11,759,389 N/A BEGINNING FUND BALANCE, Jan 1 2,220,269 3,613,321 3,613,321 1,393,052 - 100.00% ENDING FUND BALANCE, Sep 30 3,314,369$ 3,162,386$ 14,921,775$ 11,607,406$ 11,759,389$ 471.85% TRANSPORTATION IMPACT MITIGATION VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 12 of 29 REET 1 and REET 2 Funds These funds were established in the 2nd quarter of 2020 to account for the first and second quarter percent of real estate excise tax (REET) levied in accordance with RCW 82.46.010 and RCW 82.46.035. The tax may be used for eligible capital projects, as defined in RCW.82.46.010(6) or RCW.82.46.035(5), that are included in the capital facilities element of the city’s comprehensive plan. REET tax revenues are held in the respective fund and subsequently transferred to the appropriate capital project fund when qualifying projects are budgeted. REET 1 and REET 2 Taxes – The decrease in taxes from prior year are due to a decrease in real estate transactions as real estate sales slowed with the higher cost to borrow money as well as the prior year included a large sale of a hotel and conference center that occurred in 2024 ($180K). 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Taxes 2,603,861$ 2,500,000$ 1,726,642$ (877,219)$ (773,358)$ 69.07% Investment Earnings 84,450 20,000 155,003 70,553 135,003 775.02% TOTAL REVENUES 2,688,311 2,520,000 1,881,645 (806,666) (638,355) 74.67% EXPENDITURES: TOTAL EXPENDITURES - - - - - N/A Transfers Out - (4,560,000) - - (4,560,000) 0.00% NET TRANSFERS - (4,560,000) - - 4,560,000 0.00% CHANGE IN FUND BALANCE 2,688,311 (2,040,000) 1,881,645 (806,666) 3,921,645 -92.24% BEGINNING FUND BALANCE, Jan 1 1,765,153 5,060,894 5,060,894 3,295,741 - 100.00% ENDING FUND BALANCE, Sep 30 4,453,464$ 3,020,894$ 6,942,539$ 2,489,075$ 3,921,645$ 229.82% REET 1 VARIANCE FAVORABLE (UNFAVORABLE) 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Taxes 2,603,861$ 2,500,000$ 1,726,643$ (877,218)$ (773,357)$ 69.07% Investment Earnings 126,001 20,000 81,387 (44,614) 61,387 406.94% TOTAL REVENUES 2,729,862 2,520,000 1,808,030 (921,832) (711,970) 71.75% EXPENDITURES: TOTAL EXPENDITURES - - - - - N/A Transfers Out - (2,799,625) - - (2,799,625) 0.00% NET TRANSFERS - (2,799,625) - - 2,799,625 0.00% CHANGE IN FUND BALANCE 2,729,862 (279,625) 1,808,030 (921,832) 2,087,655 -646.59% BEGINNING FUND BALANCE, Jan 1 3,145,503 2,312,665 2,312,665 (832,838) - 100.00% ENDING FUND BALANCE, Sep 30 5,875,365$ 2,033,040$ 4,120,695$ (1,754,670)$ 2,087,655$ 202.69% REET 2 VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 13 of 29 Municipal Facilities CIP Fund This fund accounts for general governmental facility construction, improvement, and renovation; property acquisitions for parks and city space needs; parks development and equipment; and major maintenance of existing general governmental assets. Transportation capital improvements are accounted for in a separate fund. Grants/Intergovernmental – Federal/State/Local grant revenue is budgeted at 100% of award at the time the grant agreement is executed. The current year budget includes approximately $3M for improvements to the downtown pavilion remodel and world cup square, both of which should be completed by early 2026. The other grants include CDBG funding for senior center improvements currently in the planning phase. Project costs vary by project timeline and status. Below is a list of current budgeted projects and actual costs to date: 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Grants / intergovernmental 1,231,166$ 7,055,336$ 331,666$ (899,500)$ (6,723,670)$ 4.70% Charges for services - - 5,500 5,500 5,500 N/A Contributions 26,457 25,000 - (26,457) (25,000) 0.00% Investment Earnings 624,698 100,000 727,436 102,738 627,436 727.44% TOTAL REVENUES 1,882,321 7,180,336 1,064,602 (817,719) (6,115,734) 14.83% EXPENDITURES: Personnel 74,414 - 50,399 (24,015) (50,399) N/A Supplies - - 24,234 24,234 (24,234) N/A Contracted Services 706,804 4,499,904 717,527 10,723 3,782,377 15.95% Capital Outlay 4,077,644 38,251,586 4,308,348 230,704 33,943,238 11.26% TOTAL EXPENDITURES 4,858,862 42,751,490 5,100,508 241,646 37,650,982 11.93% Transfers In - 13,132,000 - - (13,132,000) 0.00% Transfers Out (210,422) - - 210,422 - N/A NET TRANSFERS (210,422) 13,132,000 - 210,422 (13,132,000) 0.00% CHANGE IN FUND BALANCE (3,186,963) (22,439,154) (4,035,906) (848,943) 18,403,248 17.99% BEGINNING FUND BALANCE, Jan 1 21,980,020 28,180,516 28,180,516 6,200,496 - 100.00% ENDING FUND BALANCE, Sep 30 18,793,057$ 5,741,362$ 24,144,610$ 5,351,553$ 18,403,248$ 420.54% MUNICIPAL FACILITIES CIP VARIANCE FAVORABLE (UNFAVORABLE) PROJECT BUDGET ACTUAL PROJECT BUDGET ACTUAL DOWNTOWN STREETSCAPE 39,873 - PARKS STRUCTURAL REVIEWS & REPAIRS 38,398 - RENTON TRAIL CONNECTOR 81,946 - COULON SWIM BEACH 559,774 72,969 RENTON COMMUNITY CENTER 100,000 - KIWANIS PARK 111,105 34,469 ESCO PROJECT PHASE 3A 471,195 148,494 COULON - TRESTLE BRIDGE 24,752 50 LOBBY REMODEL 2,884,752 34,695 MAY CREEK TRAIL SOUTH 3,322,440 73,720 PARK AVE MAINTENANCE FACILITY - 25,290 CEDAR RIVER TRAILS FLOOD DISASTER 252,913 40,842 PAVILION REMODEL 7,026,068 326,489 MAPLEWOOD PLAYGROUND REPLACEMENT 403,493 - SENIOR CENTER IMPROVEMENTS 2,055,236 11,381 LIBERTY SPORTS AND SKATE PARK 238,043 6,618 ESCO FACILITIES ENERGY AUDIT PHASE 4 3,048,833 108,535 CITY HALL TURF DRAINAGE 50,000 - CITY HALL STRUCTURAL REPAIRS 200,000 - TALBOT SPORT COURT IMPROVEMENTS 1,057,043 903,415 PUBLIC WORKS SHOPS IMPROV 200,000 - CLEVELAND RICHARDSON PARK 260,304 103,813 200 MILL MAJOR MAINTENANCE 400,000 97,271 MAY CREEK PARK 1,060,425 92,526 CARCO THEATER UPGRADES 50,000 - PARKS PROPERTY ACQUISITION 85,888 - BOATHOUSE IMPROVEMENTS 100,000 - PIAZZA PARK IMPROVEMENTS 1,509,920 199,025 HISTORICAL MUSEUM IMPROVEMENTS 350,000 - HIGHLAND PARK PLAYGROUND 850,000 - HIGHLANDS NEIGHBORHOOD CTR GYM 50,000 - SPRINGBROOK BOARDWALK 55,000 - EV CHARGER INSTALLATIONS 99,000 2,256 CEDAR RIVER TRAIL PARK EXPANSION 1,000,000 100 BOATHOUSE - PROFESSIONAL SERVICES 53,387 - EARLINGTON PARK RENOVATION 300,000 - HENRY MOSS AQUATIC CENTER 2,375,861 1,741,835 EDLUND-CARR RD PARK 215,000 - PARKS RECREATION AND OPEN SPACE PLAN 269,555 168,663 WORLDCUP LEGACY SQUARE 2,632,000 671,077 PATHWAY SIDEWALK PATIO BOARDWALK REPLAC 200,000 20,942 LAND ACQUISITION 8,500,000 191,850 URBAN FORESTRY PROGRAM 169,287 24,185 MUNICIPAL FACILITIES CIP PROJECT BUDGETS as of 9/30/2025 Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 14 of 29 Capital Improvement Fund This fund accounts for the city’s transportation capital projects. Capital projects are budgeted in their entirety at the inception of the project; funds are spent as the project progresses and may span over multiple years. Taxes – Include sales taxes received through the formation of a Transportation Benefit District (TBD) in 2024. Currently tax revenue is within budget as expected. Grants/Intergovernmental – Federal/State/Local grant revenue is budgeted at 100% of award at the time the grant agreement is executed. The current year budget includes $10M in federal grants for the Rainier Ave improvement project to be completed this fall. Project costs vary by project timeline and status. Below is a list of current budgeted projects and actual costs to date: 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Taxes 1,518,718$ 3,962,726$ 3,297,723$ 1,779,005$ (665,003)$ 83.22% Grants / intergovernmental 6,011,272 20,696,683 8,659,021 2,647,749 (12,037,662) 41.84% Charges for services 650 90,000 35,686 35,036 (54,314) 39.65% Contributions 3,114,887 4,028,371 3,598,664 483,777 (429,707) 89.33% Investment Earnings 445,132 75,000 466,131 20,999 391,131 621.51% TOTAL REVENUES 11,090,659 28,852,780 16,057,225 4,966,566 (12,795,555) 55.65% EXPENDITURES: Personnel 71,810 - 243,847 172,037 (243,847) N/A Supplies - - 41,618 41,618 (41,618) N/A Contracted Services 163,223 973,918 1,353,568 1,190,345 (379,650) 138.98% Capital Outlay 13,340,429 41,822,228 13,803,949 463,520 28,018,279 33.01% Internal Services 42,000 - - (42,000) - N/A TOTAL EXPENDITURES 13,617,462 42,796,146 15,442,982 1,825,520 27,353,164 36.08% Transfers In - 4,326,935 - - (4,326,935) 0.00% NET TRANSFERS - 4,326,935 - - (4,326,935) 0.00% CHANGE IN FUND BALANCE (2,526,803) (9,616,431) 614,243 3,141,046 10,230,674 N/A BEGINNING FUND BALANCE, Jan 1 15,282,117 14,132,445 14,132,445 (1,149,672) - 100.00% ENDING FUND BALANCE, Sep 30 12,755,314$ 4,516,014$ 14,746,688$ 1,991,374$ 10,230,674$ 326.54% CAPITAL IMPROVEMENT VARIANCE FAVORABLE (UNFAVORABLE) PROJECT BUDGET ACTUAL PROJECT BUDGET ACTUAL WALKWAY PGM 2,221,111 17,128 NE 31ST ST BRIDGE REPLACEMENT 49,179 - ARTERIAL CIRCULATION PGM 140,075 98,936 N 27TH PL CULVERT SCOUR REPAIR 29,457 - BRIDGE INSPECTION & REPAIR 304,864 100,563 BARRIER FREE 99,857 - ROADWAY SAFETY & GUARDRAIL 86,420 - LAKE WASHINGTON LOOP TRAIL 15,000 4,727 CATCH BASIN REPAIR 250,000 - MAPLEWOOD SIDEWALK REHAB 1,464,923 116,950 I-405/44TH GATEWAY SIGNAGE-WSDO 230,356 15,874 116TH SIDEWALK 1,420,230 220,637 RENTON CONNECTOR 1,226,487 3,603 HIGHLANDS TO LANDING 14,110 5,821 OAKESDALE PRESERVATION 1,886,387 384,172 PRES OF TOD 232,769 31,451 SUNSET TRAIL 1,338,674 270,904 ARTERIAL REHAB - SW 43RD 5,940,211 176,718 STREET OVERLAY PGM 1,959,321 666,083 BRONSON BRIDGE 95,713 4,764 CEDAR AVE SIDEWALK 559,204 125,092 HOUSER WAY N BRIDGE 1,078,803 69,680 TRAFFIC SAFETY PGM 527,208 107,864 WILLIAMS BRIDGE 1,203,289 68,067 PROJ DEV & PRE-DESIGN 163,748 15,168 S 2ND STREET CONVERSION 1,537,446 - SO 7TH ST 2,677,186 2,356,974 SAFE ROUTES TO TRANSIT 2,701 - ITS PGM 846,099 405,322 TRAFFIC CALMING SPEED CUSHION 369,132 61,980 PARK AVE EXTENSION 394,174 177,682 SOUND TRANSIT NE 44TH STREET 70,267 11,326 RAINIER AVE S/N PHASE 4 12,560,220 9,916,916 CITYWIDE VISION ZERO 500,000 8,580 INTERSECT SAFETY & MOBILITY 905,565 - NE 31ST ST ROAD/EMBANK REPAIR 395,958 - CAPITAL IMPROVEMENT PROJECT BUDGETS as of 9/30/2025 Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 15 of 29 Family First Center Fund This fund is used to account for the construction of the new Family First Center, which was substantially completed in 2023. Formal action to close this fund is included in the mid-biennial budget ordinance. The remaining funds will go to help fund the purchase of parks land near the community center. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Contributions 145,523$ -$ -$ (145,523)$ -$ N/A Investment Earnings 112,081 - 82,641 (29,440) 82,641 N/A TOTAL REVENUES 257,604 - 82,641 (174,963) 82,641 N/A EXPENDITURES: TOTAL EXPENDITURES - - - - - N/A CHANGE IN FUND BALANCE 257,604 - 82,641 (174,963) 82,641 N/A BEGINNING FUND BALANCE, Jan 1 3,643,436 3,937,547 3,937,547 294,111 - 100.00% ENDING FUND BALANCE, Sep 30 3,901,040$ 3,937,547$ 4,020,188$ 119,148$ 82,641$ 102.10% FAMILY FIRST CENTER VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 16 of 29 ENTERPRISE FUNDS Enterprise funds are used to account for operations that are financed and operated in a manner similar to private business enterprises. YTD budgets are not prepared for Enterprise Funds. Detailed explanations will be provided for material annual budget differences at year-end. Most Enterprise Funds maintain two separate “management funds”, an operating fund and a capital fund. The funds are consolidated for budget/reporting purposes. Operating budgets lapse at the end of the year. Project budgets are adopted when funding is secured, and balances are carried forward each year until they are either 1) fully spent or 2) reallocated to another project through the budget adjustment process. Airport Fund: This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and maintenance of the Renton Municipal Airport. Capital Outlay – The largest planned capital projects for the airport include a pavement management program at $2.5M and the rehabilitation of the Taxiway Alpha at almost $4M. Both projects are in the planning phases. Contracted Services & Supplies – Current year costs include professional services for repairs and maintenance to old buildings and repairing flood damage. Although these costs are included in contracted services, the budget for these large projects are included in the capital outlay line item. There is sufficient budget for these projects. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Grants / intergovernmental 803,186$ 77,963$ 77,963$ (725,223)$ -$ 100.00% Charges for services 3,459,111 4,899,430 4,005,359 546,248 (894,071) 81.75% Fines and penalties - - 75 75 75 N/A Interest and other misc 356,201 169,958 397,822 41,621 227,864 234.07% TOTAL REVENUES 4,618,498 5,147,351 4,481,219 (137,279) (666,132) 87.06% EXPENSES: Personnel 930,200 1,752,471 1,085,956 (155,756) 666,515 61.97% Supplies 65,759 74,089 89,278 (23,519) (15,189) 120.50% Contracted Services 537,026 502,162 610,429 (73,403) (108,267) 121.56% Internal Services 343,162 555,294 416,471 (73,309) 138,823 75.00% TOTAL OPERATING EXPENSES 1,876,147 2,884,016 2,202,134 (325,987) 681,882 76.36% AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 2,742,351 2,263,335 2,279,085 (463,266) 15,750 100.70% CAPITAL OUTLAY 1,153,182 12,367,083 2,391,574 (1,238,392) 9,975,509 19.34% TRANSFERS IN 164,955 3,882 3,882 (161,073) - 100.00% NET TRANSFERS 164,955 3,882 3,882 (161,073) - 100.00% CHANGE IN FUND BALANCE 1,754,124 (10,099,866) (108,607) (1,862,731) 9,991,259 N/A BEGINNING FUND BALANCE, Jan 1 11,276,837 13,353,300 13,353,300 2,076,463 - 100.00% ENDING FUND BALANCE, Sep 30 13,030,961$ 3,253,434$ 13,244,693$ 213,732$ 9,991,259$ 407.10% Operating Reserve 266,810 285,902 285,902 AVAILABLE FUND BALANCE 12,764,151$ 2,967,532$ 12,958,791$ VARIANCE FAVORABLE (UNFAVORABLE) AIRPORT Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 17 of 29 Solid Waste Fund This fund accounts for revenues and expenses for administration and operating of solid waste, recycling, and yard waste collection services for the city. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Grants / intergovernmental 89,929$ 521,618$ 399,908$ 309,979$ (121,710)$ 76.67% Charges for services 20,045,055 26,728,744 21,213,057 1,168,002 (5,515,687) 79.36% Interest and other misc 114,338 5,001 131,100 16,762 126,099 2621.48% TOTAL REVENUES 20,249,322 27,255,363 21,744,065 1,494,743 (5,511,298) 79.78% EXPENSES: Personnel 478,913 741,287 511,629 (32,716) 229,658 69.02% Supplies 8,846 48,100 24,939 (16,093) 23,161 51.85% Contracted Services 17,549,637 26,293,115 19,581,578 (2,031,941) 6,711,537 74.47% Internal Services 407,933 632,144 474,108 (66,175) 158,036 75.00% TOTAL OPERATING EXPENSES 18,445,329 27,714,646 20,592,254 (2,146,925) 7,122,392 74.30% AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 1,803,993 (459,283) 1,151,811 (652,182) 1,611,094 N/A TRANSFERS IN - 29,756 29,756 29,756 - 100.00% NET TRANSFERS - 29,756 29,756 29,756 - 100.00% CHANGE IN FUND BALANCE 1,803,993 (429,527) 1,181,567 (622,426) 1,611,094 N/A BEGINNING FUND BALANCE, Jan 1 3,928,543 3,972,833 3,972,833 44,290 - 100.00% ENDING FUND BALANCE, Sep 30 5,732,536$ 3,543,306$ 5,154,400$ (578,136)$ 1,611,094$ 145.47% Operating Reserve 400,000 400,000 400,000 AVAILABLE FUND BALANCE 5,332,536$ 3,143,306$ 4,754,400$ SOLID WASTE VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 18 of 29 Golf Course Fund This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and maintenance of the Maplewood Golf Course. Budgeted transfers are typically recorded annually in December, therefore, throughout the year transfers may show variances between current year budget and actuals. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Charges for services 2,730,167$ 3,348,080$ 2,830,020$ 99,853$ (518,060)$ 84.53% Rents, leases, and misc fees 497,677 545,050 502,725 5,048 (42,325) 92.23% Interest and other misc 74,763 1,370 78,974 4,211 77,604 5764.53% TOTAL REVENUES 3,302,607 3,894,500 3,411,719 109,112 (482,781) 87.60% EXPENSES: Personnel 1,477,508 2,139,080 1,502,650 (25,142) 636,430 70.25% Supplies 320,707 422,800 384,656 (63,949) 38,144 90.98% Contracted Services 197,967 446,761 211,439 (13,472) 235,322 47.33% Internal Services 360,299 634,685 476,013 (115,714) 158,672 75.00% TOTAL OPERATING EXPENSES 2,356,481 3,643,326 2,574,758 (218,277) 1,068,568 70.67% AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 946,126 251,174 836,961 (109,165) 585,787 333.22% DEBT SERVICE: Principal 33,694 45,434 34,033 (339) 11,401 74.91% Interest 968 782 629 339 153 80.43% TOTAL DEBT SERVICE 34,662 46,216 34,662 - 11,554 75.00% CAPITAL OUTLAY 55,620 1,147,631 572,714 (517,094) 574,917 49.90% TRANSFERS IN 123,750 756,094 417,819 294,069 (338,275) 55.26% TRANSFERS OUT (123,750) (553,100) (414,825) 291,075 (138,275) 75.00% NET TRANSFERS - 202,994 2,994 2,994 (200,000) 1.47% CHANGE IN FUND BALANCE 855,844 (739,679) 232,579 (623,265) 972,258 N/A BEGINNING FUND BALANCE, Jan 1 1,884,907 2,611,726 2,611,726 726,819 - 100.00% ENDING FUND BALANCE, Sep 30 2,740,751$ 1,872,047$ 2,844,305$ 103,554$ 972,258$ 151.94% Operating Reserve 764,018 997,854 997,854 AVAILABLE FUND BALANCE 1,976,733$ 874,193$ 1,846,451$ GOLF COURSE VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 19 of 29 Water Utility Fund This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and maintenance of the city’s water utility. Charges for Services – Water rates increased 2% in 2025; current year revenues are on par for this increase. Supplies – Costs for supplies continues to increase more than projected due to higher inflation specifically on the cost of chemicals for water quality and electricity costs. Capital Outlay –Budget for capital outlay includes approximately $20M for the Highland reservoir replacement currently in the planning stages and projected to be completed in 2028. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Licenses and permits 1,025$ -$ -$ (1,025)$ -$ N/A Grants / intergovernmental 121,824 - - (121,824) - N/A Charges for services 14,583,343 19,699,293 15,311,745 728,402 (4,387,548) 77.73% Rents, leases, and misc fees 195,463 136,591 109,451 (86,012) (27,140) 80.13% Interest and other misc 2,512,511 46,000 1,705,961 (806,550) 1,659,961 3708.61% TOTAL REVENUES 17,414,166 19,881,884 17,127,157 (287,009) (2,754,727) 86.14% EXPENSES: Personnel 3,766,940 5,825,065 3,928,112 (161,172) 1,896,953 67.43% Supplies 754,237 886,189 910,138 (155,901) (23,949) 102.70% Contracted Services 2,505,822 3,828,553 3,015,673 (509,851) 812,880 78.77% Internal Services 2,263,441 2,920,385 2,190,289 73,152 730,096 75.00% TOTAL OPERATING EXPENSES 9,290,440 13,460,192 10,044,212 (753,772) 3,415,980 74.62% AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 8,123,726 6,421,692 7,082,945 (1,040,781) 661,253 110.30% DEBT SERVICE: Principal 272,647 1,292,050 - 272,647 1,292,050 0.00% Interest 67,211 100,075 49,730 17,481 50,345 49.69% TOTAL DEBT SERVICE 339,858 1,392,125 49,730 290,128 1,342,395 3.57% CAPITAL OUTLAY 2,706,707 37,023,474 6,364,486 (3,657,779) 30,658,988 17.19% TRANSFERS IN - 30,847 30,847 30,847 - 100.00% TRANSFERS OUT - (13,300) (27) 27 (13,273) N/A NET TRANSFERS - 17,547 30,820 30,820 13,273 175.64% CHANGE IN FUND BALANCE 5,077,161 (31,976,360) 699,549 (4,377,612) 32,675,909 N/A BEGINNING FUND BALANCE, Jan 1 52,071,466 56,673,940 56,673,940 4,602,474 - 100.00% ENDING FUND BALANCE, Sep 30 57,148,627$ 24,697,580$ 57,373,489$ 224,862$ 32,675,909$ 232.30% Restricted for Debt Service 1,394,050 1,394,050 1,394,050 Operating Reserve 1,775,696 1,760,471 1,760,471 AVAILABLE FUND BALANCE 53,978,881$ 21,543,059$ 54,218,968$ WATER UTILITY VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 20 of 29 Wastewater Utility Fund This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and maintenance of the city’s wastewater utility. Charges for Services – In 2025, there was no rate increase in sewer rates, thus explaining the flat growth. 2024 revenue figure included a large one-time back billing amount of over $200K that would not be expected in the current year. Capital Outlay –Budget for capital outlay includes approximately $6.5M for the Kennydale Lakeline sewer upgrade to be completed in 2027. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Licenses and permits 64,104$ 62,111$ 69,910$ 5,806$ 7,799$ 112.56% Charges for services 9,728,945 12,595,638 9,649,784 (79,161) (2,945,854) 76.61% Interest and other misc 1,511,758 74,000 1,226,021 (285,737) 1,152,021 1656.79% TOTAL REVENUES 11,304,807 12,731,749 10,945,715 (359,092) (1,786,034) 85.97% EXPENSES: Personnel 2,012,469 3,172,726 2,135,500 (123,031) 1,037,226 67.31% Supplies 62,923 75,141 47,795 15,128 27,346 63.61% Contracted Services 1,936,877 2,769,927 1,971,777 (34,900) 798,150 71.19% Internal Services 1,581,391 1,950,962 1,463,222 118,169 487,740 75.00% TOTAL OPERATING EXPENSES 5,593,660 7,968,756 5,618,294 (24,634) 2,350,462 70.50% AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 5,711,147 4,762,993 5,327,421 (383,726) 564,428 111.85% DEBT SERVICE: Principal - 615,050 - - 615,050 0.00% Interest 29,816 45,279 22,490 7,326 22,789 49.67% TOTAL DEBT SERVICE 29,816 660,329 22,490 7,326 637,839 3.41% CAPITAL OUTLAY 3,422,604 19,183,931 4,160,703 (738,099) 15,023,228 21.69% TRANSFERS IN - 33,690 33,690 33,690 - 100.00% TRANSFERS OUT (1,347) (41,650) (27) (1,320) (41,623) N/A NET TRANSFERS (1,347) (7,960) 33,663 35,010 41,623 N/A CHANGE IN FUND BALANCE 2,257,380 (15,089,227) 1,177,891 (1,079,489) 16,267,118 N/A BEGINNING FUND BALANCE, Jan 1 26,162,848 27,706,297 27,706,297 1,543,449 - 100.00% ENDING FUND BALANCE, Sep 30 28,420,228$ 12,617,070$ 28,884,188$ 463,960$ 16,267,118$ 228.93% Restricted for Debt Service 661,227 661,227 661,227 Operating Reserve 1,045,195 1,014,902 1,014,902 AVAILABLE FUND BALANCE 26,713,806$ 10,940,941$ 27,208,059$ WASTEWATER UTILITY VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 21 of 29 King County Metro Fund This fund accounts for revenues and expenses for operation of the city’s wastewater utility, as it relates to charges for and payment to King County Metro for water treatment services. Charges for Services and Contracted Services – King County sewer rates increased approximately 6% in 2025 which accounts for the large change in these figures. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Charges for services 16,690,224$ 22,791,462$ 17,419,845$ 729,621$ (5,371,617)$ 76.43% Interest and other misc 202,902 - 205,490 2,588 205,490 N/A TOTAL REVENUES 16,893,126 22,791,462 17,625,335 732,209 (5,166,127) 77.33% EXPENSES: Contracted Services 15,955,440 22,791,462 17,090,767 (1,135,327) 5,700,695 74.99% TOTAL OPERATING EXPENSES 15,955,440 22,791,462 17,090,767 (1,135,327) 5,700,695 74.99% AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 937,686 - 534,568 (403,118) 534,568 N/A CHANGE IN FUND BALANCE 937,686 - 534,568 (403,118) 534,568 N/A BEGINNING FUND BALANCE, Jan 1 6,589,443 7,647,812 7,647,812 1,058,369 - 100.00% ENDING FUND BALANCE, Sep 30 7,527,129$ 7,647,812$ 8,182,380$ 655,251$ 534,568$ 106.99% Operating Reserve 380,000 380,000 380,000 AVAILABLE FUND BALANCE 7,147,129$ 7,267,812$ 7,802,380$ KING COUNTY METRO VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 22 of 29 Surface Water Utility Fund This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and maintenance of the city’s surface water utility. Grants/Intergovernmental – Federal/State/Local grant revenue is budgeted at 100% of award at the time the grant agreement is executed. The current year budget includes approximately $9.5M in grants for the Monroe Ave facility to be completed this year and the Cedar River levee project to be completed in 2026. Capital Outlay –Budget for capital outlay includes approximately $5.2M for the SE 172nd Street storm system improvement, $3.7M for the Cedar River levee recertification and $3.3M for the Windsor Hills storm system improvement all to be completed within the biennium. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Licenses and permits 15,000$ 50,708$ 25,125$ 10,125$ (25,583)$ 49.55% Grants / intergovernmental 5,199,654 18,694,873 5,765,789 566,135 (12,929,084) 30.84% Charges for services 10,175,312 13,877,586 10,694,257 518,945 (3,183,329) 77.06% Interest and other misc 806,240 61,000 774,354 (31,886) 713,354 1269.43% TOTAL REVENUES 16,196,206 32,684,167 17,259,525 1,063,319 (15,424,642) 52.81% EXPENSES: Personnel 3,033,716 4,797,498 3,266,465 (232,749) 1,531,033 68.09% Supplies 67,464 175,850 130,474 (63,010) 45,376 74.20% Contracted Services 1,301,487 4,380,205 1,910,291 (608,804) 2,469,914 43.61% Internal Services 2,283,448 3,254,398 2,440,799 (157,351) 813,599 75.00% TOTAL OPERATING EXPENSES 6,686,115 12,607,951 7,748,029 (1,061,914) 4,859,922 61.45% AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 9,510,091 20,076,216 9,511,496 1,405 (10,564,720) 47.38% DEBT SERVICE: Principal - 697,900 - - 697,900 0.00% Interest 36,772 55,869 27,793 8,979 28,076 49.75% TOTAL DEBT SERVICE 36,772 753,769 27,793 8,979 725,976 3.69% CAPITAL OUTLAY 12,604,058 27,214,536 4,928,006 7,676,052 22,286,530 18.11% Transfers In - 30,268 30,268 30,268 - 100.00% Transfers Out 229 (41,650) (1,163) 1,392 (40,487) N/A NET TRANSFERS 229 (11,382) 29,105 28,876 40,487 N/A CHANGE IN FUND BALANCE (3,130,510) (7,903,471) 4,584,802 7,715,312 12,488,273 N/A BEGINNING FUND BALANCE, Jan 1 29,287,066 25,766,980 25,766,980 (3,520,086) - 100.00% ENDING FUND BALANCE, Sep 30 26,156,556$ 17,863,509$ 30,351,782$ 4,195,226$ 12,488,273$ 169.91% Restricted for Debt Service 754,868 754,868 754,868 Operating Reserve 1,330,313 1,312,012 1,312,012 AVAILABLE FUND BALANCE 24,071,375$ 15,796,629$ 28,284,902$ SURFACE WATER UTILITY VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 23 of 29 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. YTD budgets are not prepared for Internal Service Funds. Detailed explanations will be provided for material annual budget differences at year-end. Equipment Rental Fund This fund accounts for revenues and expenses for administration, purchase, and maintenance of the city’s vehicle and equipment fleet services. Departments pay in monthly amounts for maintenance and operations. Replacement reserves are paid monthly over the estimated useful lives of each individual vehicle or piece of equipment. These reserves are accumulated in fund balance so that they are available to fund the replacement of the vehicle/equipment when the time comes. Contracted Services & Supplies – Vehicle parts, supplies, services and fuel have increased significantly over the last several years with very little increase in the budget to account for the increase in price of these supplies and services. Unfortunately, the cost of vehicle supplies, and fuel continues to be at an all-time high; the mid-biennial budget adjustment includes an increase to supplies and contracted services for both years of the biennium. Capital Outlay – Vehicles purchased from manufacturers or dealerships are paid upon receipt of the vehicle. These replacements were included in the replacement schedule of vehicles based on age, mileage and condition. It has been increasingly difficult to purchase replacement vehicles, with many vehicles awaiting replacement as inventory comes available. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Grants / intergovernmental -$ -$ 15,000$ 15,000$ 15,000$ N/A Charges for services 36,256 - 43,883 7,627 43,883 N/A Interdepartmental services 4,903,355 6,598,956 5,088,365 185,010 (1,510,591) 77.11% Interest and other misc 797,291 12,000 587,480 (209,811) 575,480 4895.67% TOTAL REVENUES 5,736,902 6,610,956 5,734,728 (2,174) (876,228) 86.75% EXPENSES: Personnel 898,894 1,283,255 865,578 33,316 417,677 67.45% Supplies 1,136,658 1,531,153 1,236,819 (100,161) 294,334 80.78% Contracted Services 432,923 133,166 337,483 95,440 (204,317) 253.43% Internal Services 101,452 152,034 114,025 (12,573) 38,009 75.00% TOTAL OPERATING EXPENSES 2,569,927 3,099,608 2,553,905 16,022 545,703 82.39% AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 3,166,975 3,511,348 3,180,823 13,848 (330,525) 90.59% CAPITAL OUTLAY 1,909,361 8,951,119 2,994,926 (1,085,565) 5,956,193 33.46% TRANSFERS IN - 552,780 - - (552,780) 0.00% NET TRANSFERS - 552,780 - - (552,780) 0.00% CHANGE IN FUND BALANCE 1,257,614 (4,886,991) 185,897 (1,071,717) 5,072,888 N/A BEGINNING FUND BALANCE, Jan 1 18,278,075 19,535,828 19,535,828 1,257,753 - 100.00% ENDING FUND BALANCE, Sep 30 19,535,689$ 14,648,837$ 19,721,725$ 186,036$ 5,072,888$ 134.63% Operating Reserves 12,995,059 14,648,837 14,648,837 AVAILABLE FUND BALANCE 6,540,630$ -$ 5,072,888$ EQUIPMENT RENTAL VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 24 of 29 Insurance Fund This fund accounts for the administration and operation of the city’s self-insurance programs for property losses, liability, workers’ compensation, and unemployment compensation. Expenses are paid by the Insurance Fund and rates are charged to departments based on their claims history over the preceding five years and coverage requirements. Contracted Services – Insurance premiums and insurance settlements continue to be the main driver for the increase in this category. Insurance premiums increased 20% over prior year rates. This increase is consistent with industry trends. This category also includes payment for an insurance settlement on an outstanding lawsuit from 2020. The settlement was paid in September, and the mid-biennial budget adjustment includes the council approved settlement amount of $1.5M. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Interdepartmental services 3,656,191$ 5,820,527$ 4,224,428$ 568,237$ (1,596,099)$ 72.58% Interest and other misc 837,291 200,000 1,252,653 415,362 1,052,653 626.33% TOTAL REVENUES 4,493,482 6,020,527 5,477,081 983,599 (543,446) 90.97% EXPENSES: Personnel 953,786 2,407,010 1,360,600 (406,814) 1,046,410 56.53% Supplies 552 5,058 1,702 (1,150) 3,356 33.65% Contracted Services 3,280,725 4,550,619 4,962,110 (1,681,385) (411,491) 109.04% TOTAL OPERATING EXPENSES 4,235,063 6,962,687 6,324,412 (2,089,349) 638,275 90.83% AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 258,419 (942,160) (847,331) (1,105,750) 94,829 N/A Transfers In - 2,000,000 - - (2,000,000) 0.00% Transfers Out - (1,007,868) - - (1,007,868) N/A NET TRANSFERS - 992,132 - - (992,132) 0.00% CHANGE IN FUND BALANCE 258,419 49,972 (847,331) (1,105,750) (897,303) -1695.61% BEGINNING FUND BALANCE, Jan 1 24,691,220 25,781,347 25,781,347 1,090,127 - 100.00% ENDING FUND BALANCE, Sep 30 24,949,639$ 25,831,319$ 24,934,016$ (15,623)$ (897,303)$ 96.53% Operating Reserves 20,147,927 20,253,866 20,253,866 AVAILABLE FUND BALANCE 4,801,712$ 5,577,453$ 4,680,150$ INSURANCE VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 25 of 29 Information Technology Fund This fund accounts for the administration, purchase, and operation of the city’s information technology systems, including computer hardware and software, network servers and infrastructure, phone systems, and cell phones. Expenses are paid by the Information Technology Fund and rates are charged to departments based on use. Contracted Services – The increase from prior year is due to inflationary increases for software service contracts and addition of new software. Capital Outlay –Approximately $3M of the capital outlay budget relates to the replacement of the accounting software. The conversion to the new software will be a multiyear project began October of 2025 and is expected to be completed by the Winter of 2027. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Licenses and permits 168,201$ -$ 175,643$ 7,442$ 175,643$ N/A Grants / intergovernmental 28,181 30,000 29,989 1,808 (11) 99.96% Interdepartmental services 5,653,079 9,385,764 7,039,323 1,386,244 (2,346,441) 75.00% Interest and other misc 249,975 7,000 248,563 (1,412) 241,563 3550.90% TOTAL REVENUES 6,099,436 9,422,764 7,493,518 1,394,082 (1,929,246) 79.53% EXPENSES: Personnel 2,693,955 4,281,682 2,859,873 (165,918) 1,421,809 66.79% Supplies 423,193 1,589,085 402,409 20,784 1,186,676 25.32% Contracted Services 2,438,914 4,058,956 3,390,756 (951,842) 668,200 83.54% Internal Services 5,022 4,856 3,642 1,380 1,214 75.00% TOTAL OPERATING EXPENSES 5,561,084 9,934,579 6,656,680 (1,095,596) 3,277,899 67.01% AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 538,352 (511,815) 836,838 298,486 1,348,653 N/A CAPITAL OUTLAY 969,724 4,564,128 261,434 708,290 4,302,694 5.73% TRANSFERS IN 2,512 684,168 29,545 27,033 (654,623) 4.32% TRANSFERS OUT - (10,000) - - (10,000) N/A NET TRANSFERS 2,512 674,168 29,545 27,033 (644,623) 4.38% CHANGE IN FUND BALANCE (428,860) (4,401,775) 604,949 1,033,809 5,006,724 N/A BEGINNING FUND BALANCE, Jan 1 9,416,600 9,632,207 9,632,207 215,607 - 100.00% ENDING FUND BALANCE, Sep 30 8,987,740$ 5,230,432$ 10,237,156$ 1,249,416$ 5,006,724$ 195.72% Operating Reserves 2,551,999 2,785,647 2,785,647 AVAILABLE FUND BALANCE 6,435,741$ 2,444,785$ 7,451,509$ INFORMATION TECHNOLOGY VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 26 of 29 Facilities Fund This fund accounts for the administration, maintenance, and operation of city-owned facilities. Expenses are paid by the Facilities Fund and rates are charged to departments based on square footage and work orders. Supplies – Supplies are currently trending higher than budget as the cost of supplies have increased more than the inflationary adjustments on the budget as well as some large furniture replacements. Budget adjustment for inflation will be necessary to account for the increased costs in 2026 along with ongoing planned replacements. Contracted Services – This category includes the added cost for parks restroom cleaning. As part of the biennial budget process, the city decided to devote additional budget to contract with a cleaning agency to help maintain the parks bathrooms. This contract is almost $400K per year. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Interdepartmental services 5,413,745$ 7,631,815$ 5,871,499$ 457,754$ (1,760,316)$ 76.93% Interest and other misc 26,044 5,000 49,100 23,056 44,100 982.00% TOTAL REVENUES 5,439,789 7,636,815 5,920,599 480,810 (1,716,216) 77.53% EXPENSES: Personnel 2,942,660 4,808,252 2,842,936 99,724 1,965,316 59.13% Supplies 434,110 456,056 465,852 (31,742) (9,796) 102.15% Contracted Services 1,276,721 2,490,395 2,024,208 (747,487) 466,187 81.28% Internal Services 209,549 209,135 156,851 52,698 52,284 75.00% TOTAL OPERATING EXPENSES 4,863,040 7,963,838 5,489,847 (626,807) 2,473,991 68.93% AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 576,749 (327,023) 430,752 (145,997) 757,775 N/A CAPITAL OUTLAY 1,065 - 14,466 (13,401) (14,466) N/A Transfers In - 60,000 13,115 13,115 (46,885) 21.86% Transfers Out - 82,300 - - 82,300 0.00% NET TRANSFERS - (22,300) 13,115 13,115 35,415 N/A CHANGE IN FUND BALANCE 575,684 (349,323) 429,401 (146,283) 778,724 N/A BEGINNING FUND BALANCE, Jan 1 1,046,533 1,962,169 1,962,169 915,636 - 100.00% ENDING FUND BALANCE, Sep 30 1,622,217$ 1,612,846$ 2,391,570$ 769,353$ 778,724$ 148.28% Operating Reserves - 965,537 965,537 AVAILABLE FUND BALANCE 1,622,217$ 647,309$ 1,426,033$ FACILITIES VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 27 of 29 Communications Fund Communications is a major activity of the city’s administration responsible for external communications, employee communications, media relations, and coordination of all departments in producing the city’s website. The communication services were approved in the 2025-26 Biennium Budget to be budgeted in the general fund. The fund will be closed in 2025. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Interdepartmental services 1,247,825$ -$ -$ (1,247,825)$ -$ N/A Interest and other misc 17,906 3,791 3,791 (14,115) - 100.00% TOTAL REVENUES 1,265,731 3,791 3,791 (1,261,940) - 100.00% EXPENSES: Personnel 842,251 - - 842,251 - N/A Supplies 29,896 - - 29,896 - N/A Contracted Services 269,513 - - 269,513 - N/A Internal Services 3,608 - - 3,608 - N/A TOTAL OPERATING EXPENSES 1,145,268 - - 1,145,268 - N/A AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 120,463 3,791 3,791 (116,672) - 100.00% Transfers Out - (783,348) (783,348) 783,348 - N/A NET TRANSFERS - (783,348) (783,348) (783,348) - N/A CHANGE IN FUND BALANCE 120,463 (779,557) (779,557) (900,020) - N/A BEGINNING FUND BALANCE, Jan 1 641,437 779,557 779,557 138,120 - 100.00% ENDING FUND BALANCE, Sep 30 761,900$ -$ -$ (761,900)$ -$ N/A COMMUNICATIONS VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 28 of 29 Health Insurance Fund This fund accounts for the city’s self-insured health insurance program. Expenses/claims are paid by the Health Insurance Fund and rates are charged to employees and departments based on annual premiums determined by the city’s Employee Health Plan Board for each type of coverage elected by the employee; paid semi-monthly in conjunction with each payroll. Premiums – Premiums are budgeted for all positions as if they were filled at 100%, with many open positions to date, this amount is expected to trend below budget. Medical/Dental Claims – As a self-insured healthcare plan, costs incurred will vary year to year based on actual medical costs and health of the insured population. Industry standard expects an increase of 7% year to year whereas the city’s average increase is typically much better at approximately 3%. Current increase is significantly higher at 13.3% however still within budgeted figures. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Premiums 10,375,021$ 16,018,492$ 10,497,628$ 122,607$ (5,520,864)$ 65.53% Interest and other misc 821,451 520,000 789,578 (31,873) 269,578 151.84% TOTAL REVENUES 11,196,472 16,538,492 11,287,206 90,734 (5,251,286) 68.25% EXPENSES: Personnel 231,771 390,871 255,174 (23,403) 135,697 65.28% Medical/Dental Claims 9,245,706 15,903,575 10,564,309 (1,318,603) 5,339,266 66.43% Supplies 3,269 8,025 4,334 (1,065) 3,691 54.01% Contracted Services 417,693 622,510 384,323 33,370 238,187 61.74% Internal Services 85,544 124,379 93,284 (7,740) 31,095 75.00% TOTAL OPERATING EXPENSES 9,983,983 17,049,360 11,301,424 (1,317,441) 5,747,936 66.29% AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 1,212,489 (510,868) (14,218) (1,226,707) 496,650 N/A CHANGE IN FUND BALANCE 1,212,489 (510,868) (14,218) (1,226,707) 496,650 N/A BEGINNING FUND BALANCE, Jan 1 8,946,971 10,517,643 10,517,643 1,570,672 - 100.00% ENDING FUND BALANCE, Sep 30 10,159,460$ 10,006,775$ 10,503,425$ 343,965$ 496,650$ 104.96% Insurance Reserves 4,920,868 5,114,808 5,114,808 AVAILABLE FUND BALANCE 5,238,592$ 4,891,967$ 5,388,617$ HEALTH INSURANCE VARIANCE FAVORABLE (UNFAVORABLE) Quarterly Financial Report City of Renton, Washington 3rd Quarter 2025 Page 29 of 29 Retiree Healthcare Fund This fund accounts for the city’s self-insured health insurance program for LEOFF1 retirees. Benefits include medical, prescription drug, Medicare Part B premiums, long-term care, and vision coverage for retired law enforcement officers and firefighters that were employed by the city prior to October 1, 1977. Dependent spouses and children are not covered. 100% of premiums are provided by the General Fund with annual contributions determined after review of a report prepared by actuaries. Premiums – Premiums include a transfer from the general fund to cover the expected costs. Currently with interest income much higher than expected, transfers are not needed to fund expected costs. 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 Kristin Trivelas ktrivelas@rentonwa.gov or Kari Roller kroller@rentonwa.gov. 2024 2025 2025 YTD YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET REVENUES: Grants / intergovernmental 208,793$ 220,000$ 237,294$ 28,501$ 17,294$ 107.86% Premiums 427,500 600,000 150,000 (277,500) (450,000) 25.00% Interest and other misc 777,123 100,000 715,059 (62,064) 615,059 715.06% TOTAL REVENUES 1,413,416 920,000 1,102,353 (311,063) 182,353 119.82% EXPENSES: Personnel 75,450 116,193 77,980 (2,530) 38,213 67.11% Medical/Dental Claims 960,872 1,495,153 995,120 (34,248) 500,033 66.56% Contracted Services 37,847 74,876 66,092 (28,245) 8,784 88.27% TOTAL OPERATING EXPENSES 1,074,169 1,686,222 1,139,192 (65,023) 547,030 67.56% AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 339,247 (766,222) (36,839) (376,086) 729,383 N/A CHANGE IN FUND BALANCE 339,247 (766,222) (36,839) (376,086) 729,383 N/A BEGINNING FUND BALANCE, Jan 1 20,320,818 20,672,180 20,672,180 351,362 - 100.00% ENDING FUND BALANCE, Sep 30 20,660,065$ 19,905,958$ 20,635,341$ (24,724)$ 729,383$ 103.66% Insurance Reserves 20,660,065 19,905,958 20,635,341 AVAILABLE FUND BALANCE -$ -$ -$ RETIREE HEALTHCARE VARIANCE FAVORABLE (UNFAVORABLE)