HomeMy WebLinkAboutMONTH 2025 12Page 1 of 7
OVERVIEW
This monthly financial report reflects the City’s revenue and expenditures/expenses for the fiscal year through
December 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 121,491,806$
Licenses and permits 7,000,929
Grants / intergovernmental 4,728,983
Charges for services 12,828,497
Interdepartmental services 45,434
Fines and penalties 3,270,181
Miscellaneous 2,258,437
Investment Earnings 5,229,524
Insurance recoveries 121,890
TOTAL REVENUES 156,975,681
EXPENDITURES:
Personnel 81,666,487
Supplies 2,132,903
Contracted Services 25,046,419
Capital Outlay 135,684
Internal Services 22,656,986
TOTAL EXPENDITURES 131,638,479
Transfers In 1,551,911
Transfers Out (25,506,119)
NET TRANSFERS (23,954,208)
CHANGE IN FUND BALANCE 1,382,994
BEGINNING FUND BALANCE, Jan 1 115,968,225
ENDING FUND BALANCE, Dec 31 117,351,219$
ECONOMIC DEVELOPMENT RESERVE 2,500,000
OPERATING RESERVES 20,237,899
AVAILABLE FUND BALANCE, Dec 31 94,613,320$
Monthly Financial Report December 2025
Monthly Financial Report City of Renton, Washington December 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 549,953$ -$ 4,470,469$ -$ -$ -$ -$ -$ -$
Licenses and permits - 39,907 - - - - - - -
Grants / intergovernmental - - - - 4,256 - - 148,338 -
Charges for services - - - - - 46,706 165,027 - -
Fines and penalties - - - - - - - - 14,967
Contributions - - - - - - - 60,846 -
Investment Earnings 45,326 13,050 623,115 10,685 26,326 - 717 27,726 4,923
TOTAL REVENUES 595,279 52,957 5,093,584 10,685 30,582 46,706 165,744 236,910 19,890
EXPENDITURES:
Personnel - - - - 9,573 - - - -
Supplies - - - - - - - 180,669 271
Contracted Services 472,538 - 1,235,531 - 18,293 49,196 168,111 162,504 18,319
Capital Outlay 68,310 - - - - - - 148,046 -
TOTAL EXPENDITURES 540,848 - 1,235,531 - 27,866 49,196 168,111 491,219 18,590
-
Transfers In - - - - - - - - -
Transfers Out - - (3,400,000) - - - - - -
NET TRANSFERS - - (3,400,000) - - - - - -
CHANGE IN FUND BALANCE 54,431 52,957 458,053 10,685 2,716 (2,490) (2,367) (254,309) 1,300
BEGINNING FUND BALANCE, Jan 1 1,184,977 372,210 15,430,640 292,923 722,963 2,490 2,367 790,432 132,667
ENDING FUND BALANCE, Dec 31 1,239,408$ 425,167$ 15,888,693$ 303,608$ 725,679$ -$ -$ 536,123$ 133,967$
General
Governmental
Misc Debt
REVENUES:
Grants / intergovernmental 25,546$
Investment Earnings 201,283
TOTAL REVENUES 226,829
EXPENDITURES:
Principal 2,075,000
Interest 877,407
TOTAL EXPENDITURES 2,952,407
Transfers In 2,923,225
NET TRANSFERS 2,923,225
CHANGE IN FUND BALANCE 197,647
BEGINNING FUND BALANCE, Jan 1 5,812,247
ENDING FUND BALANCE, Dec 31 6,009,894$
Debt Service Reserve 2,706,325
AVAILABLE FUND BALANCE 3,303,569$
Monthly Financial Report City of Renton, Washington December 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 -$ -$ 2,408,481$ 2,408,482$ -$ 4,415,913$ -$
Grants / intergovernmental - - - - 1,131,524 11,584,133 -
Charges for services 216,174 11,209,395 - - 59,875 35,686 -
Contributions - - - - - 4,067,779 -
Investment Earnings 17,589 373,199 222,821 122,603 976,686 612,147 82,640
TOTAL REVENUES 233,763 11,582,594 2,631,302 2,531,085 2,168,085 20,715,658 82,640
EXPENDITURES:
Personnel - - - - 52,273 306,857 -
Supplies - - - - 33,031 70,883 -
Contracted Services - - - - 1,114,556 1,768,412 -
Capital Outlay - - - - 31,789,519 19,659,245 -
TOTAL EXPENDITURES - - - - 32,989,379 21,805,397 -
Transfers In - - - - 32,152,187 4,276,935 -
Transfers Out (105,000) (1,450,935) (6,560,000) (2,799,625) - - (4,020,187)
NET TRANSFERS (105,000) (1,450,935) (6,560,000) (2,799,625) 32,152,187 4,276,935 (4,020,187)
CHANGE IN FUND BALANCE 128,763 10,131,659 (3,928,698) (268,540) 1,330,893 3,187,196 (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, Dec 31 488,506$ 13,744,980$ 1,132,196$ 2,044,125$ 29,511,409$ 17,319,641$ -$
Monthly Financial Report City of Renton, Washington December 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 -$ -$ -$ -$ 73,175$ -$ 28,875$
Grants / intergovernmental 77,963 400,058 - - - - 6,822,859
Charges for services 4,985,666 26,495,029 3,421,841 20,413,380 12,763,094 23,057,313 14,203,071
Fines and penalties 75 - - - - - -
Rents, leases, and misc fees - - 582,043 138,376 - - -
Interest and other misc 522,448 179,977 110,712 2,361,474 1,561,715 282,625 741,684
TOTAL REVENUES 5,586,152 27,075,064 4,114,596 22,913,230 14,397,984 23,339,938 21,796,489
EXPENSES:
Personnel 1,403,981 668,390 1,996,671 5,258,564 2,888,492 - 4,357,452
Supplies 142,632 34,433 435,848 1,081,944 65,934 - 153,648
Contracted Services 966,831 25,898,857 325,169 4,178,571 2,691,775 22,793,793 2,564,636
Internal Services 533,746 532,981 491,157 2,706,293 1,873,624 - 2,860,806
TOTAL OPERATING EXPENSES 3,047,190 27,134,661 3,248,845 13,225,372 7,519,825 22,793,793 9,936,542
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND TRANSFERS 2,538,962 (59,597) 865,751 9,687,858 6,878,159 546,145 11,859,947
DEBT SERVICE:
Principal - - 45,434 1,292,050 615,050 - 697,900
Interest - - 782 99,634 45,049 - 55,690
TOTAL DEBT SERVICE - - 46,216 1,391,684 660,099 - 753,590
CAPITAL OUTLAY 4,204,943 - 571,194 7,152,101 5,746,818 - 7,503,138
Transfers In 3,882 29,756 556,094 30,847 33,690 - 30,268
Transfers Out - - (553,100) (8,327) (39,177) - (40,313)
NET TRANSFERS 3,882 29,756 2,994 22,520 (5,487) - (10,045)
CHANGE IN FUND BALANCE (1,662,099) (29,841) 251,335 1,166,593 465,755 546,145 3,593,174
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, Dec 31 11,691,201$ 3,942,992$ 2,863,061$ 57,840,533$ 28,172,052$ 8,193,957$ 29,360,154$
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 11,403,644$ 3,542,992$ 1,864,708$ 53,289,154$ 25,833,518$ 7,813,957$ 26,537,121$
Monthly Financial Report City of Renton, Washington December 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 -$ -$ 234,953$ -$ -$ -$ -$
Grants / intergovernmental 15,000 - 29,989 - - - 237,294
Charges for services:
Equipment rental m&o 3,459,650 - 9,385,764 - - - -
Facilities - - - 7,667,462 - - -
Interest and other misc 685,052 920,598 339,013 64,425 3,791 390,839 744,771
Internal service fund misc:
Vehicle/equipment capital recovery 3,378,542 - - - - - -
Insurance premiums - 3,478,880 - - - - -
Worker's comp/unemployment - 2,144,474 - - - - -
Benefit premiums - - - - - 14,088,550 150,000
Other misc 1,300 17,442 1,179 172,916 - 698,897 227,905
Disposal of capital assets 983 - - - - - -
Insurance recoveries 157,694 1,737,025 - - - 19,504 -
TOTAL REVENUES 7,698,221 8,298,419 9,990,898 7,904,803 3,791 15,197,790 1,359,970
EXPENSES:
Personnel 1,044,934 2,040,577 3,883,260 3,806,438 - 14,891,646 1,472,048
Supplies 1,675,172 1,932 595,627 650,291 - 9,086 -
Contracted Services 477,616 5,734,695 4,338,096 2,416,900 - 483,283 74,775
Internal Services 141,969 - 4,856 199,070 - 77,706 -
TOTAL OPERATING EXPENSES 3,339,691 7,777,204 8,821,839 7,072,699 - 15,461,721 1,546,823
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND TRANSFERS 4,358,530 521,215 1,169,059 832,104 3,791 (263,931) (186,853)
CAPITAL OUTLAY 4,330,405 - 368,470 14,466 - - -
Transfers In 552,780 3,500,000 631,380 13,115 - - -
Transfers Out - (955,000) - 82,300 783,348 - -
NET TRANSFERS 552,780 2,545,000 631,380 (69,185) (783,348) - -
CHANGE IN FUND BALANCE 580,905 3,066,215 1,431,969 748,453 (779,557) (263,931) (186,853)
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, Dec 31 20,116,733$ 28,847,562$ 11,064,176$ 2,710,622$ -$ 10,253,712$ 20,485,327$
Insurance Reserves - 22,268,021 - - - 5,114,808 20,485,327
Opearting Reserves 13,856,677 - 2,785,647 970,317 - - -
AVAILABLE FUND BALANCE 6,260,056$ 6,579,541$ 8,278,529$ 1,740,305$ -$ 5,138,904$ -$
Monthly Financial Report City of Renton, Washington December 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 1,179,265$ -$
Collected for Others - 2,089,143
TOTAL REVENUES 1,179,265 2,089,143
EXPENDITURES:
Contracted Services 13,550 -
Distributions to Others 272,769 2,089,143
TOTAL EXPENDITURES 286,319 2,089,143
CHANGE IN FUND BALANCE 892,946 -
BEGINNING FUND BALANCE, Jan 1 9,636,751 -
ENDING FUND BALANCE, Dec 31 10,529,697$ -$
Monthly Financial Report City of Renton, Washington December 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 December 31, 2025
Funds
Balance
01/01/2025
Budgeted
Revenue
Revenue
12/31/25
Total Funds
Available
Budgeted
Expenditure
Expenditure
12/31/25
Ending
Balance
GENERAL FUND 115,968,225 151,293,200 158,527,592 274,495,817 168,637,155 157,144,598 117,351,219
SPECIAL REVENUE FUNDS: 18,931,670 5,245,000 6,252,336 25,184,006 9,218,931 5,931,361 19,252,645
110 Hotel Motel 1,184,977 355,000 595,279 1,780,256 644,939 540,848 1,239,408
127 Cable Communication 372,210 60,000 52,957 425,167 122,674 - 425,167
130 Housing and Supportive Services 15,430,640 4,030,000 5,093,584 20,524,224 6,688,219 4,635,531 15,888,693
135 Springbrook Wetlands Bank 722,963 - 30,582 753,545 40,000 27,866 725,679
140 Police Seizure 790,432 - 236,910 1,027,342 790,432 491,219 536,123
141 Police CSAM Seizure 132,667 - 19,890 152,557 132,667 18,590 133,967
150 Affordable Housing Development 292,923 - 10,685 303,608 - - 303,608
31X School District Impact Mitigation 2,367 600,000 165,744 168,111 600,000 168,111 -
304 Fire Mitigation 2,490 200,000 46,706 49,196 200,000 49,196 -
DEBT SERVICE FUND 5,812,247 2,950,225 3,150,054 8,962,301 2,952,717 2,952,407 6,009,894
CAPITAL PROJECT FUNDS (CIP): 57,597,131 81,836,637 76,374,249 133,971,380 126,398,029 69,730,523 64,240,857
303 Community Services Mitigation 359,743 100,000 233,763 593,506 105,000 105,000 488,506
305 Transportation Mitigation 3,613,321 1,000,000 11,582,594 15,195,915 1,450,935 1,450,935 13,744,980
308 REET1 5,060,894 2,520,000 2,631,302 7,692,196 6,560,000 6,560,000 1,132,196
309 REET2 2,312,665 2,520,000 2,531,085 4,843,750 2,799,625 2,799,625 2,044,125
316 Municipal Facilities CIP 28,180,516 41,243,334 34,320,272 62,500,788 66,786,375 32,989,379 29,511,409
317 Transportation CIP 14,132,445 34,370,663 24,992,593 39,125,038 44,675,907 21,805,397 17,319,641
346 New Family First Center Dvlpmnt 3,937,547 82,640 82,640 4,020,187 4,020,187 4,020,187 -
ENTERPRISE FUNDS: 137,732,889 142,716,493 119,907,990 257,640,879 209,169,427 115,576,928 142,063,951
4X2 Airport Operating & CIP 13,353,300 23,060,331 5,590,034 18,943,335 33,176,751 7,252,133 11,691,201
403 Solid Waste Utility 3,972,833 28,416,813 27,104,820 31,077,653 28,848,424 27,134,661 3,942,992
4X4 Golf Operating & CIP 2,611,726 4,650,594 4,670,690 7,282,416 5,392,271 4,419,355 2,863,061
4X5 Water Operating & CIP 56,673,940 19,943,482 22,944,077 79,618,017 51,943,240 21,777,484 57,840,533
4X6 Waste Water Operating & CIP 27,706,297 12,765,439 14,431,674 42,137,971 27,864,481 13,965,919 28,172,052
416 King County Metro 7,647,812 23,291,462 23,339,938 30,987,750 23,291,462 22,793,793 8,193,957
4X7 Surface Water Operating & CIP 25,766,980 30,588,372 21,826,757 47,593,737 38,652,798 18,233,583 29,360,154
INTERNAL SERVICE FUNDS: 88,880,931 52,797,425 55,151,167 144,032,098 64,573,768 50,553,966 93,478,132
501 Equipment Repair/Replacement 19,535,828 7,163,736 8,251,001 27,786,829 12,842,887 7,670,096 20,116,733
502 Insurance 25,781,347 10,420,527 11,798,419 37,579,766 9,417,688 8,732,204 28,847,562
503 Information Services 9,632,207 10,054,064 10,622,278 20,254,485 14,708,289 9,190,309 11,064,176
504 Facilities 1,962,169 7,696,815 7,917,918 9,880,087 8,085,974 7,169,465 2,710,622
505 Communications 779,557 3,791 3,791 783,348 783,348 783,348 -
512 Insurance, Healthcare 10,517,643 16,538,492 15,197,790 25,715,433 17,049,360 15,461,721 10,253,712
522 Insurance, Leoff1 Retirees HC 20,672,180 920,000 1,359,970 22,032,150 1,686,222 1,546,823 20,485,327
FIDUCIARY FUNDS: 9,636,752 1,500,000 3,268,408 12,905,160 325,475 2,375,462 10,529,697
611 Firemens' Pension 9,636,752 1,500,000 1,179,265 10,816,017 325,475 286,319 10,529,697
630 Custodial Fund - - 2,089,143 2,089,143 - 2,089,143 -
TOTAL FUNDS 434,559,845 438,338,980 422,631,796 857,191,641 581,275,502 404,265,244 452,926,398