HomeMy WebLinkAboutMONTH 2025 10Page 1 of 7
OVERVIEW
This monthly financial report reflects the City’s revenue and expenditures/expenses for the fiscal year through October
31, 2025. A detailed analysis, including budget to actual comparison, will be prepared quarterly in accordance with the
City’s financial management policies.
GENERAL FUND
The General Fund is used to account for resources that are not generally dedicated for a specific purpose. The General
Fund is used to meet the basic services that the City provides including, but not limited to, police protection, parks and
recreation, human services, municipal court, street maintenance and planning, economic development, and
administrative functions. The table below displays the year-to-date revenues and expenditures for the General Fund.
Economic Development and Operating reserves are established internally in accordance with the City’s Policy on
Stabilization Funds, as outlined in the 2025-2026 Adopted Budget.
General
REVENUES:
Taxes 107,605,603$
Licenses and permits 5,906,190
Grants / intergovernmental 4,094,354
Charges for services 10,920,831
Interdepartmental services 37,862
Fines and penalties 2,788,434
Miscellaneous 2,079,101
Investment Earnings 4,132,912
Insurance recoveries 126,551
TOTAL REVENUES 137,691,838
EXPENDITURES:
Personnel 68,213,061
Supplies 1,834,716
Contracted Services 19,751,441
Capital Outlay 89,488
Internal Services 16,992,739
TOTAL EXPENDITURES 106,881,445
Transfers In 651,911
Transfers Out (58,804)
NET TRANSFERS 593,107
CHANGE IN FUND BALANCE 31,403,500
BEGINNING FUND BALANCE, Jan 1 115,968,225
ENDING FUND BALANCE, Oct 31 147,371,725$
ECONOMIC DEVELOPMENT RESERVE 2,500,000
OPERATING RESERVES 20,237,899
AVAILABLE FUND BALANCE, Oct 31 124,633,826$
Monthly Financial Report October 2025
Monthly Financial Report City of Renton, Washington October 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
Police
Seizure
Police
CSAM
Seizure
REVENUES:
Taxes 454,305$ -$ 3,705,564$ -$ -$ -$ -$ -$ -$
Licenses and permits - 39,907 - - - - - - -
Grants / intergovernmental - - - - 4,256 - - - -
Charges for services - - - - - 45,019 149,840 - -
Fines and penalties - - - - - - - - 14,967
Contributions - - - - - - - 189,790 -
Investment Earnings 37,045 10,769 497,642 8,684 21,479 - 716 22,818 4,041
TOTAL REVENUES 491,350 50,676 4,203,206 8,684 25,735 45,019 150,556 212,608 19,008
EXPENDITURES:
Personnel - - - - 7,701 - - - -
Supplies - 6,120 - - - - - 94,702 271
Contracted Services 452,021 71,008 860,587 - 7,478 33,177 134,992 66,983 18,319
Capital Outlay - - - - - - - 64,498 -
TOTAL EXPENDITURES 452,021 77,128 860,587 - 15,179 33,177 134,992 226,183 18,590
CHANGE IN FUND BALANCE 39,329 (26,452) 3,342,619 8,684 10,556 11,842 15,564 (13,575) 418
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, Oct 31 1,224,306$ 345,758$ 18,773,259$ 301,607$ 733,519$ 14,332$ 17,932$ 776,857$ 133,085$
General
Governmental
Misc Debt
REVENUES:
Grants / intergovernmental 25,546$
Investment Earnings 165,925
TOTAL REVENUES 191,471
EXPENDITURES:
Principal 215,000
Interest 453,145
TOTAL EXPENDITURES 668,145
CHANGE IN FUND BALANCE (476,674)
BEGINNING FUND BALANCE, Jan 1 5,812,247
ENDING FUND BALANCE, Oct 31 5,335,573$
Debt Service Reserve 2,706,325
AVAILABLE FUND BALANCE 2,629,248$
Monthly Financial Report City of Renton, Washington October 2025
Page 3 of 7
CAPITAL PROJECT FUNDS
Capital project funds are used to account for the acquisition and construction of major capital facilities and equipment.
The table below displays the year-to-date revenues and expenditures for the City’s capital project funds.
CS Impact
Mitigation
Transportation
Impact
Mitigation REET 1 REET 2
Municipal
Facilities CIP
Capital
Investment
Family First
Center
REVENUES:
Taxes -$ -$ 2,031,987$ 2,031,988$ -$ 3,663,908$ -$
Grants / intergovernmental - - - - 638,614 10,827,596 -
Charges for services 203,069 11,163,452 - - 5,500 35,686 -
Contributions - - - - - 3,681,456 -
Investment Earnings 13,745 273,197 174,200 92,772 794,494 506,862 82,641
TOTAL REVENUES 216,814 11,436,649 2,206,187 2,124,760 1,438,608 18,715,508 82,641
EXPENDITURES:
Personnel - - - - 50,474 279,971 -
Supplies - - - - 24,234 42,954 -
Contracted Services - - - - 717,527 1,393,383 -
Capital Outlay - - - - 4,861,495 15,187,570 -
TOTAL EXPENDITURES - - - - 5,653,730 16,903,878 -
Transfers In - - - - 4,020,187 4,467 -
Transfers Out - - - - - - (4,020,188)
NET TRANSFERS - - - - 4,020,187 4,467 (4,020,188)
CHANGE IN FUND BALANCE 216,814 11,436,649 2,206,187 2,124,760 (194,935) 1,816,097 (3,937,547)
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, Oct 31 576,557$ 15,049,970$ 7,267,081$ 4,437,425$ 27,985,581$ 15,948,542$ -$
Monthly Financial Report City of Renton, Washington October 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 -$ -$ -$ -$ 73,660$ -$ 27,000$
Grants / intergovernmental 77,963 400,058 - - - - 5,998,596
Charges for services 4,457,182 21,213,587 3,111,099 17,453,227 10,724,076 19,376,171 12,052,125
Fines and penalties 75 - - - - - -
Rents, leases, and misc fees - - 542,610 114,985 - - -
Interest and other misc 437,184 145,344 87,988 1,868,109 1,320,786 228,100 858,685
TOTAL REVENUES 4,972,404 21,758,989 3,741,697 19,436,321 12,118,522 19,604,271 18,936,406
EXPENSES:
Personnel 1,201,626 563,190 1,674,037 4,358,673 2,365,030 - 3,633,051
Supplies 103,998 29,298 401,389 1,010,724 53,502 - 140,801
Contracted Services 663,988 20,294,981 291,324 3,396,976 2,217,577 18,991,776 2,119,024
Internal Services 416,471 474,108 476,013 2,190,289 1,463,222 - 2,440,799
TOTAL OPERATING EXPENSES 2,386,083 21,361,577 2,842,763 10,956,662 6,099,331 18,991,776 8,333,675
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND
TRANSFERS 2,586,321 397,412 898,934 8,479,659 6,019,191 612,495 10,602,731
DEBT SERVICE:
Principal - - 37,830 - - - -
Interest - - 683 49,730 22,490 - 27,793
TOTAL DEBT SERVICE - - 38,513 49,730 22,490 - 27,793
CAPITAL OUTLAY 3,304,065 - 572,714 6,909,636 4,576,680 - 5,861,253
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 (713,862) 427,168 290,701 1,551,113 1,453,684 612,495 4,742,790
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, Oct 31 12,639,438$ 4,400,001$ 2,902,427$ 58,225,053$ 29,159,981$ 8,260,307$ 30,509,770$
Restricted for Debt Service - - - 1,394,051 661,227 - 754,868
Operating Reserve 287,557 400,000 998,353 3,157,328 1,677,307 380,000 2,068,165
AVAILABLE FUND BALANCE 12,351,881$ 4,000,001$ 1,904,074$ 53,673,674$ 26,821,447$ 7,880,307$ 27,686,737$
Monthly Financial Report City of Renton, Washington October 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 -$ -$ 190,298$ -$ -$ -$ -$
Grants / intergovernmental 15,000 - 29,989 - - - 237,294
Charges for services:
Equipment rental m&o 2,623,398 - 7,039,323 - - - -
Facilities - - - 5,737,854 - - -
Interest and other misc 558,817 749,527 276,949 53,191 3,791 319,031 608,485
Internal service fund misc:
Vehicle/equipment capital reco 2,533,906 - - - - - -
Insurance premiums - 2,609,160 - - - - -
Worker's comp/unemployment - 1,793,220 - - - - -
Benefit premiums - - - - - 11,681,100 150,000
Other misc 1,233 17,442 - 144,210 - 494,997 163,707
Disposal of capital assets 983 - - - - - -
Insurance recoveries 81,972 1,718,839 - - - 12,672 -
TOTAL REVENUES 5,815,309 6,888,188 7,536,559 5,935,255 3,791 12,507,800 1,159,486
EXPENSES:
Personnel 930,185 1,642,501 3,191,376 3,144,529 - 12,053,930 1,222,444
Supplies 1,406,722 1,702 429,856 492,359 - 4,334 -
Contracted Services 390,745 5,223,774 3,655,551 2,220,441 - 424,969 70,040
Internal Services 114,025 - 3,642 156,851 - 93,284 -
TOTAL OPERATING EXPENSES 2,841,677 6,867,977 7,280,425 6,014,180 - 12,576,517 1,292,484
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND
TRANSFERS 2,973,632 20,211 256,134 (78,925) 3,791 (68,717) (132,998)
CAPITAL OUTLAY 3,373,033 - 264,495 14,466 - - -
Transfers In - - 29,545 13,115 - - -
Transfers Out - - - - 783,348 - -
NET TRANSFERS - - 29,545 13,115 (783,348) - -
CHANGE IN FUND BALANCE (399,401) 20,211 21,184 (80,276) (779,557) (68,717) (132,998)
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, Oct 31 19,136,427$ 25,801,558$ 9,653,391$ 1,881,893$ -$ 10,448,926$ 20,539,182$
Insurance Reserves - 22,268,021 - - - 5,114,808 20,539,182
Opearting Reserves 13,856,977 - 2,785,647 970,317 - - -
AVAILABLE FUND BALANCE 5,279,450$ 3,533,537$ 6,867,744$ 911,576$ -$ 5,334,118$ -$
Monthly Financial Report City of Renton, Washington October 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 1,109,690$ -$
Collected for Others - 3,088,962
TOTAL REVENUES 1,109,690 3,088,962
EXPENDITURES:
Contracted Services 13,550 -
Distributions to Others 227,005 1,788,182
TOTAL EXPENDITURES 240,555 1,788,182
CHANGE IN FUND BALANCE 869,135 1,300,780
BEGINNING FUND BALANCE, Jan 1 9,636,751 -
ENDING FUND BALANCE, Oct 31 10,505,886$ 1,300,780$
Monthly Financial Report City of Renton, Washington October 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 October 31, 2025
Funds
Balance
01/01/2025
Budgeted
Revenue
Revenue
10/31/25
Total Funds
Available
Budgeted
Expenditure
Expenditure
10/31/25
Ending
Balance
GENERAL FUND 115,968,225 151,293,200 138,343,749 254,311,974 168,637,155 106,940,249 147,371,725
SPECIAL REVENUE FUNDS: 18,931,670 5,245,000 5,206,842 24,138,512 9,218,931 1,817,857 22,320,655
110 Hotel Motel 1,184,977 355,000 491,350 1,676,327 644,939 452,021 1,224,306
127 Cable Communication 372,210 60,000 50,676 422,886 122,674 77,128 345,758
130 Housing and Supportive Services 15,430,640 4,030,000 4,203,206 19,633,846 6,688,219 860,587 18,773,259
135 Springbrook Wetlands Bank 722,963 - 25,735 748,698 40,000 15,179 733,519
140 Police Seizure 790,432 - 212,608 1,003,040 790,432 226,183 776,857
141 Police CSAM Seizure 132,667 - 19,008 151,675 132,667 18,590 133,085
150 Affordable Housing Developmen 292,923 - 8,684 301,607 - - 301,607
31X School District Impact Mitigation 2,367 600,000 150,556 152,924 600,000 134,992 17,932
304 Fire Mitigation 2,490 200,000 45,019 47,509 200,000 33,177 14,332
DEBT SERVICE FUND 5,812,247 2,950,225 191,471 6,003,718 2,952,717 668,145 5,335,573
CAPITAL PROJECT FUNDS (CIP): 57,597,131 81,836,638 40,245,821 97,842,952 126,398,029 26,577,796 71,265,156
303 Community Services Mitigation 359,743 100,000 216,814 576,557 105,000 - 576,557
305 Transportation Mitigation 3,613,321 1,000,000 11,436,649 15,049,970 1,450,935 - 15,049,970
308 REET1 5,060,894 2,520,000 2,206,187 7,267,081 6,560,000 - 7,267,081
309 REET2 2,312,665 2,520,000 2,124,760 4,437,425 2,799,625 - 4,437,425
316 Municipal Facilities CIP 28,180,516 41,243,334 5,458,795 33,639,311 66,786,375 5,653,730 27,985,581
317 Transportation CIP 14,132,445 34,370,663 18,719,975 32,852,420 44,675,907 16,903,878 15,948,542
346 New Family First Center Dvlpmn 3,937,547 82,641 82,641 4,020,188 4,020,187 4,020,188 -
ENTERPRISE FUNDS: 137,732,889 142,716,493 101,114,872 238,847,761 209,169,427 92,750,783 146,096,978
4X2 Airport Operating & CIP 13,353,300 23,060,331 4,976,286 18,329,587 33,176,751 5,690,148 12,639,438
403 Solid Waste Utility 3,972,833 28,416,813 21,788,745 25,761,578 28,848,424 21,361,577 4,400,001
4X4 Golf Operating & CIP 2,611,726 4,650,594 4,159,516 6,771,242 5,392,271 3,868,815 2,902,427
4X5 Water Operating & CIP 56,673,940 19,943,482 19,467,168 76,141,108 51,943,240 17,916,055 58,225,053
4X6 Waste Water Operating & CIP 27,706,297 12,765,439 12,152,212 39,858,509 27,864,481 10,698,528 29,159,981
416 King County Metro 7,647,812 23,291,462 19,604,271 27,252,083 23,291,462 18,991,776 8,260,307
4X7 Surface Water Operating & CIP 25,766,980 30,588,372 18,966,674 44,733,654 38,652,798 14,223,884 30,509,770
INTERNAL SERVICE FUNDS: 88,880,931 52,797,425 39,889,048 128,769,979 64,573,768 41,308,602 87,461,377
501 Equipment Repair/Replacement 19,535,828 7,163,736 5,815,309 25,351,137 12,842,887 6,214,710 19,136,427
502 Insurance 25,781,347 10,420,527 6,888,188 32,669,535 9,417,688 6,867,977 25,801,558
503 Information Services 9,632,207 10,054,064 7,566,104 17,198,311 14,708,289 7,544,920 9,653,391
504 Facilities 1,962,169 7,696,815 5,948,370 7,910,539 8,085,974 6,028,646 1,881,893
505 Communications 779,557 3,791 3,791 783,348 783,348 783,348 -
512 Insurance, Healthcare 10,517,643 16,538,492 12,507,800 23,025,443 17,049,360 12,576,517 10,448,926
522 Insurance, Leoff1 Retirees HC 20,672,180 920,000 1,159,486 21,831,666 1,686,222 1,292,484 20,539,182
FIDUCIARY FUNDS: 9,636,752 1,500,000 4,198,652 13,835,404 325,475 2,028,737 11,806,666
611 Firemens' Pension 9,636,752 1,500,000 1,109,690 10,746,442 325,475 240,555 10,505,886
630 Custodial Fund - - 3,088,962 3,088,962 - 1,788,182 1,300,780
TOTAL FUNDS 434,559,845 438,338,981 329,190,455 763,750,300 581,275,502 272,092,168 491,658,133