HomeMy WebLinkAboutMONTH 2025 11Page 1 of 7
OVERVIEW
This monthly financial report reflects the City’s revenue and expenditures/expenses for the fiscal year through
November 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 115,493,330$
Licenses and permits 6,297,843
Grants / intergovernmental 4,235,385
Charges for services 11,583,878
Interdepartmental services 41,662
Fines and penalties 3,029,152
Miscellaneous 2,166,948
Investment Earnings 4,640,975
Insurance recoveries 126,551
TOTAL REVENUES 147,615,724
EXPENDITURES:
Personnel 74,861,305
Supplies 1,959,794
Contracted Services 21,781,302
Capital Outlay 89,488
Internal Services 16,993,503
TOTAL EXPENDITURES 115,685,392
Transfers In 651,911
Transfers Out (58,804)
NET TRANSFERS 593,107
CHANGE IN FUND BALANCE 32,523,439
BEGINNING FUND BALANCE, Jan 1 115,968,225
ENDING FUND BALANCE, Nov 30 148,491,664$
ECONOMIC DEVELOPMENT RESERVE 2,500,000
OPERATING RESERVES 20,237,899
AVAILABLE FUND BALANCE, Nov 30 125,753,765$
Monthly Financial Report November 2025
Monthly Financial Report City of Renton, Washington November 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 507,317$ -$ 4,094,902$ -$ -$ -$ -$ -$ -$
Licenses and permits - 39,907 - - - - - - -
Grants / intergovernmental - - - - 4,256 - - - -
Charges for services - - - - - 45,863 155,571 - -
Fines and penalties - - - - - - - - 14,967
Contributions - - - - - - - 202,240 -
Investment Earnings 40,876 11,850 556,377 9,628 23,772 - 716 25,256 4,457
TOTAL REVENUES 548,193 51,757 4,651,279 9,628 28,028 45,863 156,287 227,496 19,424
EXPENDITURES:
Personnel - - - - 8,336 - - - -
Supplies - 6,120 - - - - - 97,900 271
Contracted Services 460,060 73,868 969,796 - 10,906 43,978 134,992 66,983 18,319
Capital Outlay - - - - - - - 148,046 -
TOTAL EXPENDITURES 460,060 79,988 969,796 - 19,242 43,978 134,992 312,929 18,590
-
CHANGE IN FUND BALANCE 88,133 (28,231) 3,681,483 9,628 8,786 1,885 21,295 (85,433) 834
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, Nov 30 1,273,110$ 343,979$ 19,112,123$ 302,551$ 731,749$ 4,375$ 23,663$ 704,999$ 133,501$
General
Governmental
Misc Debt
REVENUES:
Grants / intergovernmental 25,546$
Investment Earnings 182,606
TOTAL REVENUES 208,152
EXPENDITURES:
Principal 215,000
Interest 453,145
TOTAL EXPENDITURES 668,145
CHANGE IN FUND BALANCE (459,993)
BEGINNING FUND BALANCE, Jan 1 5,812,247
ENDING FUND BALANCE, Nov 30 5,352,254$
Debt Service Reserve 2,706,325
AVAILABLE FUND BALANCE 2,645,929$
Monthly Financial Report City of Renton, Washington November 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 -$ -$ 2,148,266$ 2,148,267$ -$ 4,044,741$ -$
Grants / intergovernmental - - - - 819,376 10,918,275 -
Charges for services 209,622 11,186,424 - - 5,500 35,686 -
Contributions - - - - - 3,681,456 -
Investment Earnings 15,547 320,341 196,948 106,654 883,593 556,746 82,641
TOTAL REVENUES 225,169 11,506,765 2,345,214 2,254,921 1,708,469 19,236,904 82,641
EXPENDITURES:
Personnel - - - - 50,474 303,937 -
Supplies - - - - 33,031 55,311 -
Contracted Services - - - - 1,044,754 1,656,890 -
Capital Outlay - - - - 7,356,033 15,615,546 -
TOTAL EXPENDITURES - - - - 8,484,292 17,631,684 -
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 225,169 11,506,765 2,345,214 2,254,921 (2,755,636) 1,609,687 (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, Nov 30 584,912$ 15,120,086$ 7,406,108$ 4,567,586$ 25,424,880$ 15,742,132$ -$
Monthly Financial Report City of Renton, Washington November 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 -$ -$ -$ -$ 67,925$ -$ 27,750$
Grants / intergovernmental 77,963 400,058 - - - - 6,515,882
Charges for services 4,560,463 26,494,947 3,294,491 19,083,825 11,745,072 21,210,134 13,136,680
Fines and penalties 75 - - - - - -
Rents, leases, and misc fees - - 566,898 126,601 - - -
Interest and other misc 479,951 159,098 98,321 2,153,446 1,449,659 253,937 505,294
TOTAL REVENUES 5,118,452 27,054,103 3,959,710 21,363,872 13,262,656 21,464,071 20,185,606
EXPENSES:
Personnel 1,302,017 615,998 1,843,557 4,791,963 2,646,744 - 3,964,932
Supplies 119,900 33,911 427,300 1,047,460 54,297 - 145,844
Contracted Services 843,474 23,960,250 290,120 3,729,769 2,425,155 20,892,785 2,301,135
Internal Services 416,471 474,108 476,013 2,190,289 1,463,222 - 2,440,799
TOTAL OPERATING EXPENSES 2,681,862 25,084,267 3,036,990 11,759,481 6,589,418 20,892,785 8,852,710
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND TRANSFERS 2,436,590 1,969,836 922,720 9,604,391 6,673,238 571,286 11,332,896
DEBT SERVICE:
Principal - - 41,631 - - - -
Interest - - 734 49,730 22,490 - 27,793
TOTAL DEBT SERVICE - - 42,365 49,730 22,490 - 27,793
CAPITAL OUTLAY 3,621,227 - 572,714 6,994,498 5,145,066 - 6,586,319
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 (1,180,755) 1,999,592 310,635 2,590,983 1,539,345 571,286 4,747,889
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, Nov 30 12,172,545$ 5,972,425$ 2,922,361$ 59,264,923$ 29,245,642$ 8,219,098$ 30,514,869$
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 11,884,988$ 5,572,425$ 1,924,008$ 54,713,544$ 26,907,108$ 7,839,098$ 27,691,836$
Monthly Financial Report City of Renton, Washington November 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 -$ -$ 210,337$ -$ -$ -$ -$
Grants / intergovernmental 15,000 - 29,989 - - - 237,294
Charges for services:
Equipment rental m&o 2,641,625 - 7,039,323 - - - -
Facilities - - - 5,737,854 - - -
Interest and other misc 618,792 830,431 307,245 59,459 3,791 352,667 672,843
Internal service fund misc:
Vehicle/equipment capital recovery 2,533,906 - - - - - -
Insurance premiums - 2,609,160 - - - - -
Worker's comp/unemployment - 1,969,057 - - - - -
Benefit premiums - - - - - 12,862,404 150,000
Other misc 1,300 17,442 - 154,800 - 698,897 227,905
Disposal of capital assets 983 - - - - - -
Insurance recoveries 87,522 1,721,524 - - - 18,583 -
TOTAL REVENUES 5,899,128 7,147,614 7,586,894 5,952,113 3,791 13,932,551 1,288,042
EXPENSES:
Personnel 985,841 1,801,650 3,530,342 3,460,614 - 13,281,086 1,305,350
Supplies 1,555,373 1,932 431,066 617,240 - 8,921 -
Contracted Services 420,107 5,288,641 3,897,666 2,351,542 - 468,444 73,865
Internal Services 114,025 - 3,642 156,851 - 93,284 -
TOTAL OPERATING EXPENSES 3,075,346 7,092,223 7,862,716 6,586,247 - 13,851,735 1,379,215
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND TRANSFERS 2,823,782 55,391 (275,822) (634,134) 3,791 80,816 (91,173)
CAPITAL OUTLAY 3,423,993 - 306,964 15,903 - - -
Transfers In - - 29,545 13,115 - - -
Transfers Out - - - - 783,348 - -
NET TRANSFERS - - 29,545 13,115 (783,348) - -
CHANGE IN FUND BALANCE (600,211) 55,391 (553,241) (636,922) (779,557) 80,816 (91,173)
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, Nov 30 18,935,617$ 25,836,738$ 9,078,966$ 1,325,247$ -$ 10,598,459$ 20,581,007$
Insurance Reserves - 22,268,021 - - - 5,114,808 20,581,007
Opearting Reserves 13,856,977 - 2,785,647 970,317 - - -
AVAILABLE FUND BALANCE 5,078,640$ 3,568,717$ 6,293,319$ 354,930$ -$ 5,483,651$ -$
Monthly Financial Report City of Renton, Washington November 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 1,142,554$ -$
Collected for Others - 3,173,575
TOTAL REVENUES 1,142,554 3,173,575
EXPENDITURES:
Contracted Services 13,550 -
Distributions to Others 249,887 1,843,675
TOTAL EXPENDITURES 263,437 1,843,675
CHANGE IN FUND BALANCE 879,117 1,329,900
BEGINNING FUND BALANCE, Jan 1 9,636,751 -
ENDING FUND BALANCE, Nov 30 10,515,868$ 1,329,900$
Monthly Financial Report City of Renton, Washington November 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 November 30, 2025
Funds
Balance
01/01/2025
Budgeted
Revenue
Revenue
11/30/25
Total Funds
Available
Budgeted
Expenditure
Expenditure
11/30/25
Ending
Balance
GENERAL FUND 115,968,225 151,293,200 148,267,635 264,235,860 168,637,155 115,744,196 148,491,664
SPECIAL REVENUE FUNDS: 18,931,670 5,245,000 5,737,955 24,669,625 9,218,931 2,039,575 22,630,050
110 Hotel Motel 1,184,977 355,000 548,193 1,733,170 644,939 460,060 1,273,110
127 Cable Communication 372,210 60,000 51,757 423,967 122,674 79,988 343,979
130 Housing and Supportive Services 15,430,640 4,030,000 4,651,279 20,081,919 6,688,219 969,796 19,112,123
135 Springbrook Wetlands Bank 722,963 - 28,028 750,991 40,000 19,242 731,749
140 Police Seizure 790,432 - 227,496 1,017,928 790,432 312,929 704,999
141 Police CSAM Seizure 132,667 - 19,424 152,091 132,667 18,590 133,501
150 Affordable Housing Development 292,923 - 9,628 302,551 - - 302,551
31X School District Impact Mitigation 2,367 600,000 156,287 158,655 600,000 134,992 23,663
304 Fire Mitigation 2,490 200,000 45,863 48,353 200,000 43,978 4,375
DEBT SERVICE FUND 5,812,247 2,950,225 208,152 6,020,399 2,952,717 668,145 5,352,254
CAPITAL PROJECT FUNDS (CIP): 57,597,131 81,836,638 41,384,737 98,981,868 126,398,029 30,136,164 68,845,704
303 Community Services Mitigation 359,743 100,000 225,169 584,912 105,000 - 584,912
305 Transportation Mitigation 3,613,321 1,000,000 11,506,765 15,120,086 1,450,935 - 15,120,086
308 REET1 5,060,894 2,520,000 2,345,214 7,406,108 6,560,000 - 7,406,108
309 REET2 2,312,665 2,520,000 2,254,921 4,567,586 2,799,625 - 4,567,586
316 Municipal Facilities CIP 28,180,516 41,243,334 5,728,656 33,909,172 66,786,375 8,484,292 25,424,880
317 Transportation CIP 14,132,445 34,370,663 19,241,371 33,373,816 44,675,907 17,631,684 15,742,132
346 New Family First Center Dvlpmnt 3,937,547 82,641 82,641 4,020,188 4,020,187 4,020,188 -
ENTERPRISE FUNDS: 137,732,889 142,716,493 112,954,732 250,687,621 209,169,427 102,375,757 148,311,864
4X2 Airport Operating & CIP 13,353,300 23,060,331 5,122,334 18,475,635 33,176,751 6,303,089 12,172,545
403 Solid Waste Utility 3,972,833 28,416,813 27,083,859 31,056,692 28,848,424 25,084,267 5,972,425
4X4 Golf Operating & CIP 2,611,726 4,650,594 4,377,529 6,989,255 5,392,271 4,066,894 2,922,361
4X5 Water Operating & CIP 56,673,940 19,943,482 21,394,719 78,068,659 51,943,240 18,803,736 59,264,923
4X6 Waste Water Operating & CIP 27,706,297 12,765,439 13,296,346 41,002,643 27,864,481 11,757,001 29,245,642
416 King County Metro 7,647,812 23,291,462 21,464,071 29,111,883 23,291,462 20,892,785 8,219,098
4X7 Surface Water Operating & CIP 25,766,980 30,588,372 20,215,874 45,982,854 38,652,798 15,467,985 30,514,869
INTERNAL SERVICE FUNDS: 88,880,931 52,797,425 41,852,793 130,733,724 64,573,768 44,377,690 86,356,034
501 Equipment Repair/Replacement 19,535,828 7,163,736 5,899,128 25,434,956 12,842,887 6,499,339 18,935,617
502 Insurance 25,781,347 10,420,527 7,147,614 32,928,961 9,417,688 7,092,223 25,836,738
503 Information Services 9,632,207 10,054,064 7,616,439 17,248,646 14,708,289 8,169,680 9,078,966
504 Facilities 1,962,169 7,696,815 5,965,228 7,927,397 8,085,974 6,602,150 1,325,247
505 Communications 779,557 3,791 3,791 783,348 783,348 783,348 -
512 Insurance, Healthcare 10,517,643 16,538,492 13,932,551 24,450,194 17,049,360 13,851,735 10,598,459
522 Insurance, Leoff1 Retirees HC 20,672,180 920,000 1,288,042 21,960,222 1,686,222 1,379,215 20,581,007
FIDUCIARY FUNDS: 9,636,752 1,500,000 4,316,129 13,952,881 325,475 2,107,112 11,845,768
611 Firemens' Pension 9,636,752 1,500,000 1,142,554 10,779,306 325,475 263,437 10,515,868
630 Custodial Fund - - 3,173,575 3,173,575 - 1,843,675 1,329,900
TOTAL FUNDS 434,559,845 438,338,981 354,722,133 789,281,978 581,275,502 297,448,638 491,833,341