The URL can be used to link to this page

Home My WebLink AboutMONTH 2025 09Page 1 of 7 OVERVIEW This monthly financial report reflects the City’s revenue and expenditures/expenses for the fiscal year through September 30, 2025. A detailed analysis, including budget to actual comparison, will be prepared quarterly in accordance with the City’s financial management policies. GENERAL FUND The General Fund is used to account for resources that are not generally dedicated for a specific purpose. The General Fund is used to meet the basic services that the City provides including, but not limited to, police protection, parks and recreation, human services, municipal court, street maintenance and planning, economic development, and administrative functions. The table below displays the year-to-date revenues and expenditures for the General Fund. Economic Development and Operating reserves are established internally in accordance with the City’s Policy on Stabilization Funds, as outlined in the 2025-2026 Adopted Budget. General REVENUES: Taxes 86,938,073$ Licenses and permits 5,324,382 Grants / intergovernmental 3,627,465 Charges for services 10,436,464 Interdepartmental services 34,064 Fines and penalties 2,474,764 Miscellaneous 1,855,222 Investment Earnings 3,690,051 Insurance recoveries 126,551 TOTAL REVENUES 114,507,036 EXPENDITURES: Personnel 61,371,895 Supplies 1,587,036 Contracted Services 17,412,687 Capital Outlay 66,847 Internal Services 16,992,739 TOTAL EXPENDITURES 97,431,204 Transfers In 651,911 Transfers Out (58,804) NET TRANSFERS 593,107 CHANGE IN FUND BALANCE 17,668,939 BEGINNING FUND BALANCE, Jan 1 115,968,225 ENDING FUND BALANCE, Sep 30 133,637,164$ ECONOMIC DEVELOPMENT RESERVE 2,500,000 OPERATING RESERVES 18,397,399 AVAILABLE FUND BALANCE, Sep 30 112,739,765$ Monthly Financial Report September 2025 Monthly Financial Report City of Renton, Washington September 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 386,432$ -$ 3,347,147$ -$ -$ -$ -$ -$ -$ Licenses and permits - 30,560 - - - - - - - Grants / intergovernmental - - - - 4,255 - - - - Charges for services - - - - - 41,489 131,996 - - Fines and penalties - - - - - - - - 14,967 Contributions - - - - - - - 189,791 - Investment Earnings 33,646 9,838 446,488 7,852 19,453 - 716 20,665 3,667 TOTAL REVENUES 420,078 40,398 3,793,635 7,852 23,708 41,489 132,712 210,456 18,634 EXPENDITURES: Personnel - - - - 5,862 - - - - Supplies - 6,120 - - - - - 94,703 271 Contracted Services 404,648 69,258 717,093 - 7,217 33,177 77,653 66,983 18,319 Capital Outlay - - - - - - - 61,018 - TOTAL EXPENDITURES 404,648 75,378 717,093 - 13,079 33,177 77,653 222,704 18,590 CHANGE IN FUND BALANCE 15,430 (34,980) 3,076,542 7,852 10,629 8,312 55,059 (12,248) 44 BEGINNING FUND BALANCE, Jan 1 1,184,977 372,210 15,430,640 292,923 722,963 2,490 2,368 790,432 132,667 ENDING FUND BALANCE, Sep 30 1,200,407$ 337,230$ 18,507,182$ 300,775$ 733,592$ 10,802$ 57,427$ 778,184$ 132,711$ General Governmental Misc Debt REVENUES: Grants / intergovernmental 25,546$ Investment Earnings 151,228 TOTAL REVENUES 176,774 EXPENDITURES: Principal 215,000 Interest 453,145 TOTAL EXPENDITURES 668,145 CHANGE IN FUND BALANCE (491,371) BEGINNING FUND BALANCE, Jan 1 5,812,247 ENDING FUND BALANCE, Sep 30 5,320,876$ Debt Service Reserve 2,706,325 AVAILABLE FUND BALANCE 2,614,551$ Monthly Financial Report City of Renton, Washington September 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 Transportatio n Impact Mitigation REET 1 REET 2 Municipal Facilities CIP Capital Investment Family First Center REVENUES: Taxes -$ -$ 1,726,642$ 1,726,643$ -$ 3,297,723$ -$ Grants / intergovernmental - - - - 331,666 8,659,021 - Charges for services 187,040 11,076,555 - - 5,500 35,686 - Contributions - - - - - 3,598,664 - Investment Earnings 12,201 231,899 155,003 81,387 727,436 466,131 82,641 TOTAL REVENUES 199,241 11,308,454 1,881,645 1,808,030 1,064,602 16,057,225 82,641 EXPENDITURES: Personnel - - - - 50,399 243,847 - Supplies - - - - 24,234 41,618 - Contracted Services - - - - 717,527 1,353,568 - Capital Outlay - - - - 4,308,348 13,803,949 - TOTAL EXPENDITURES - - - - 5,100,508 15,442,982 - CHANGE IN FUND BALANCE 199,241 11,308,454 1,881,645 1,808,030 (4,035,906) 614,243 82,641 BEGINNING FUND BALANCE, Jan 1 359,743 3,613,321 5,060,894 2,312,665 28,180,516 14,132,445 3,937,547 ENDING FUND BALANCE, Sep 30 558,984$ 14,921,775$ 6,942,539$ 4,120,695$ 24,144,610$ 14,746,688$ 4,020,188$ Monthly Financial Report City of Renton, Washington September 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 -$ -$ -$ -$ 69,910$ -$ 25,125$ Grants / intergovernmental 77,963 399,908 - - - - 5,765,789 Charges for services 4,005,359 21,213,057 2,830,020 15,311,745 9,649,784 17,419,845 10,694,258 Fines and penalties 75 - - - - - - Rents, leases, and misc fees - - 502,725 109,451 - - - Interest and other misc 397,822 131,100 78,974 1,705,961 1,226,021 205,490 774,353 TOTAL REVENUES 4,481,219 21,744,065 3,411,719 17,127,157 10,945,715 17,625,335 17,259,525 EXPENSES: Personnel 1,085,956 511,629 1,502,650 3,928,112 2,135,500 - 3,266,466 Supplies 89,278 24,939 384,656 910,138 47,795 - 130,474 Contracted Services 610,429 19,581,578 211,439 3,015,673 1,971,777 17,090,767 1,910,290 Internal Services 416,471 474,108 476,013 2,190,289 1,463,222 - 2,440,799 TOTAL OPERATING EXPENSES 2,202,134 20,592,254 2,574,758 10,044,212 5,618,294 17,090,767 7,748,029 AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 2,279,085 1,151,811 836,961 7,082,945 5,327,421 534,568 9,511,496 DEBT SERVICE: Principal - - 34,033 - - - - Interest - - 629 49,730 22,490 - 27,793 TOTAL DEBT SERVICE - - 34,662 49,730 22,490 - 27,793 CAPITAL OUTLAY 2,391,574 - 572,714 6,364,486 4,160,703 - 4,928,006 Transfers In 3,882 29,756 417,819 30,847 33,690 - 30,268 Transfers Out - - (414,825) (27) (27) - (1,163) NET TRANSFERS 3,882 29,756 2,994 30,820 33,663 - 29,105 CHANGE IN FUND BALANCE (108,607) 1,181,567 232,579 699,549 1,177,891 534,568 4,584,802 BEGINNING FUND BALANCE, Jan 1 13,353,300 3,972,833 2,611,726 56,673,940 27,706,297 7,647,812 25,766,980 ENDING FUND BALANCE, Sep 30 13,244,693$ 5,154,400$ 2,844,305$ 57,373,489$ 28,884,188$ 8,182,380$ 30,351,782$ 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 12,958,791$ 4,754,400$ 1,846,451$ 54,218,968$ 27,208,059$ 7,802,380$ 28,284,902$ Monthly Financial Report City of Renton, Washington September 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 -$ -$ 175,643$ -$ -$ -$ -$ Grants / intergovernmental 15,000 - 29,989 - - - 237,294 Charges for services: Equipment rental m&o 2,598,341 - 7,039,323 - - - - Facilities - - - 5,737,854 - - - Interest and other misc 504,307 680,674 248,563 46,448 3,791 288,916 551,352 Internal service fund misc: Vehicle/equipment capital recovery 2,533,906 - - - - - - Insurance premiums - 2,609,160 - - - - - Worker's comp/unemployment - 1,615,268 - - - - - Benefit premiums - - - - - 10,497,628 150,000 Other misc 1,233 17,442 - 136,297 - 494,997 163,707 Disposal of capital assets 983 - - - - - - Insurance recoveries 80,958 554,537 - - - 5,665 - TOTAL REVENUES 5,734,728 5,477,081 7,493,518 5,920,599 3,791 11,287,206 1,102,353 EXPENSES: Personnel 865,578 1,360,600 2,859,874 2,842,936 - 10,819,483 1,073,100 Supplies 1,236,819 1,702 402,408 465,852 - 4,334 - Contracted Services 337,483 4,962,110 3,390,756 2,024,208 - 384,323 66,092 Internal Services 114,025 - 3,642 156,851 - 93,284 - TOTAL OPERATING EXPENSES 2,553,905 6,324,412 6,656,680 5,489,847 - 11,301,424 1,139,192 AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 3,180,823 (847,331) 836,838 430,752 3,791 (14,218) (36,839) CAPITAL OUTLAY 2,994,926 - 261,434 14,466 - - - Transfers In - - 29,545 13,115 - - - Transfers Out - - - - 783,348 - - NET TRANSFERS - - 29,545 13,115 (783,348) - - CHANGE IN FUND BALANCE 185,897 (847,331) 604,949 429,401 (779,557) (14,218) (36,839) BEGINNING FUND BALANCE, Jan 1 19,535,828 25,781,347 9,632,207 1,962,169 779,557 10,517,643 20,672,180 ENDING FUND BALANCE, Sep 30 19,721,725$ 24,934,016$ 10,237,156$ 2,391,570$ -$ 10,503,425$ 20,635,341$ Insurance Reserves - 20,253,866 - - - 5,114,808 20,635,341 Opearting Reserves 14,648,837 - 2,785,647 965,537 - - - AVAILABLE FUND BALANCE 5,072,888$ 4,680,150$ 7,451,509$ 1,426,033$ -$ 5,388,617$ -$ Monthly Financial Report City of Renton, Washington September 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 1,080,672$ -$ Collected for Others - 2,649,388 TOTAL REVENUES 1,080,672 2,649,388 EXPENDITURES: Contracted Services 13,550 - Distributions to Others 204,122 1,453,989 TOTAL EXPENDITURES 217,672 1,453,989 CHANGE IN FUND BALANCE 863,000 1,195,399 BEGINNING FUND BALANCE, Jan 1 9,636,751 - ENDING FUND BALANCE, Sep 30 10,499,751$ 1,195,399$ Monthly Financial Report City of Renton, Washington September 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 September 30, 2025 Funds Balance 01/01/2025 Budgeted Revenue Revenue 09/30/25 Total Funds Available Budgeted Expenditure Expenditure 09/30/25 Ending Balance GENERAL FUND 115,968,225 140,674,865 115,158,947 231,127,172 153,299,659 97,490,008 133,637,164 SPECIAL REVENUE FUNDS: 18,931,670 5,245,000 4,688,962 23,620,632 9,101,431 1,562,322 22,058,310 110 Hotel Motel 1,184,977 355,000 420,078 1,605,055 644,939 404,648 1,200,407 127 Cable Communication 372,210 60,000 40,398 412,608 97,674 75,378 337,230 130 Housing and Supportive Services 15,430,640 4,030,000 3,793,635 19,224,275 6,595,719 717,093 18,507,182 135 Springbrook Wetlands Bank 722,963 - 23,708 746,671 40,000 13,079 733,592 140 Police Seizure 790,432 - 210,456 1,000,888 790,432 222,704 778,184 141 Police CSAM Seizure 132,667 - 18,634 151,301 132,667 18,590 132,711 150 Affordable Housing Developmen 292,923 - 7,852 300,775 - - 300,775 31X School District Impact Mitigation 2,367 600,000 132,712 135,080 600,000 77,653 57,427 304 Fire Mitigation 2,490 200,000 41,489 43,979 200,000 33,177 10,802 DEBT SERVICE FUND 5,812,247 2,950,225 176,774 5,989,021 2,952,717 668,145 5,320,876 CAPITAL PROJECT FUNDS (CIP): 57,597,131 59,632,051 32,401,838 89,998,969 94,463,196 20,542,674 69,456,295 303 Community Services Mitigation 359,743 100,000 199,241 558,984 105,000 - 558,984 305 Transportation Mitigation 3,613,321 1,000,000 11,308,454 14,921,775 1,450,935 - 14,921,775 308 REET1 5,060,894 2,520,000 1,881,645 6,942,539 4,560,000 - 6,942,539 309 REET2 2,312,665 2,520,000 1,808,030 4,120,695 2,799,625 - 4,120,695 316 Municipal Facilities CIP 28,180,516 20,312,336 1,064,602 29,245,118 42,751,490 5,100,508 24,144,610 317 Transportation CIP 14,132,445 33,179,715 16,057,225 30,189,670 42,796,146 15,442,166 14,747,504 346 New Family First Center Dvlpmn 3,937,547 - 82,641 4,020,188 - - 4,020,188 ENTERPRISE FUNDS: 137,732,889 125,271,013 93,140,997 230,873,886 191,509,143 84,838,648 146,035,238 4X2 Airport Operating & CIP 13,353,300 5,151,233 4,485,101 17,838,402 15,251,099 4,593,708 13,244,693 403 Solid Waste Utility 3,972,833 27,285,119 21,773,821 25,746,654 27,714,646 20,592,254 5,154,400 4X4 Golf Operating & CIP 2,611,726 4,650,594 3,829,538 6,441,264 5,390,273 3,596,959 2,844,305 4X5 Water Operating & CIP 56,673,940 19,912,731 17,158,004 73,831,944 51,889,091 16,458,455 57,373,489 4X6 Waste Water Operating & CIP 27,706,297 12,765,439 10,979,405 38,685,702 27,854,666 9,801,514 28,884,188 416 King County Metro 7,647,812 22,791,462 17,625,335 25,273,147 22,791,462 17,090,767 8,182,380 4X7 Surface Water Operating & CIP 25,766,980 32,714,435 17,289,793 43,056,773 40,617,906 12,704,991 30,351,782 INTERNAL SERVICE FUNDS: 88,880,931 50,450,293 37,061,936 125,942,867 62,095,057 37,519,634 88,423,233 501 Equipment Repair/Replacement 19,535,828 7,163,736 5,734,728 25,270,556 12,050,727 5,548,831 19,721,725 502 Insurance 25,781,347 8,020,527 5,477,081 31,258,428 7,970,555 6,324,412 24,934,016 503 Information Services 9,632,207 10,106,932 7,523,063 17,155,270 14,508,707 6,918,114 10,237,156 504 Facilities 1,962,169 7,696,815 5,933,714 7,895,883 8,046,138 5,504,313 2,391,570 505 Communications 779,557 3,791 3,791 783,348 783,348 783,348 - 512 Insurance, Healthcare 10,517,643 16,538,492 11,287,206 21,804,849 17,049,360 11,301,424 10,503,425 522 Insurance, Leoff1 Retirees HC 20,672,180 920,000 1,102,353 21,774,533 1,686,222 1,139,192 20,635,341 FIDUCIARY FUNDS: 9,636,752 1,500,000 3,730,060 13,366,812 275,475 1,671,661 11,695,150 611 Firemens' Pension 9,636,752 1,500,000 1,080,672 10,717,424 275,475 217,672 10,499,751 630 Custodial Fund - - 2,649,388 2,649,388 - 1,453,989 1,195,399 TOTAL FUNDS 434,559,845 385,723,447 286,359,514 720,919,359 513,696,678 244,293,091 476,626,269