HomeMy WebLinkAboutMONTH 2026 01Page 1 of 7
OVERVIEW
This monthly financial report reflects the City’s revenue and expenditures/expenses for the fiscal year through January
31, 2026. 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 9,443,423$
Licenses and permits 863,589
Grants / intergovernmental 427,832
Charges for services 595,691
Interdepartmental services 3,807
Fines and penalties 260,086
Miscellaneous 335,262
Investment Earnings 383,919
TOTAL REVENUES 12,313,609
EXPENDITURES:
Personnel 7,103,966
Supplies 52,913
Contracted Services 1,774,553
TOTAL EXPENDITURES 8,931,432
CHANGE IN FUND BALANCE 3,382,177
BEGINNING FUND BALANCE, Jan 1 117,351,219
ENDING FUND BALANCE, Jan 31 120,733,396$
ECONOMIC DEVELOPMENT RESERVE 2,500,000
OPERATING RESERVES 20,237,899
AVAILABLE FUND BALANCE, Jan 31 97,995,497$
Monthly Financial Report January 2026
Monthly Financial Report City of Renton, Washington January 2026
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
District
Impact
Mitigation
Police
Seizure
Police
CSAM
Seizure
REVENUES:
Taxes 30,332$ -$ 358,408$ -$ -$ -$ -$ -$ -$
Licenses and permits - 9,010 - - - - - - -
Charges for services - - - - - 21,340 21,744 - -
Investment Earnings 3,676 1,180 44,733 843 2,029 - - 1,483 371
TOTAL REVENUES 34,008 10,190 403,141 843 2,029 21,340 21,744 1,483 371
EXPENDITURES:
Personnel - - - - 779 - - - -
Supplies - 59 - - - - - 258 -
Contracted Services - - 64,059 - - - - - -
TOTAL EXPENDITURES - 59 64,059 - 779 - - 258 -
CHANGE IN FUND BALANCE 34,008 10,131 339,082 843 1,250 21,340 21,744 1,225 371
BEGINNING FUND BALANCE, Jan 1 1,239,408 425,167 15,888,693 303,608 725,678 - - 536,123 133,967
ENDING FUND BALANCE, Jan 31 1,273,416$ 435,298$ 16,227,775$ 304,451$ 726,928$ 21,340$ 21,744$ 537,348$ 134,338$
General
Governmental
Misc Debt
REVENUES:
Investment Earnings 16,673$
TOTAL REVENUES 16,673
EXPENDITURES:
Interest 10,385
TOTAL EXPENDITURES 10,385
CHANGE IN FUND BALANCE 6,288
BEGINNING FUND BALANCE, Jan 1 6,009,894
ENDING FUND BALANCE, Jan 31 6,016,182$
Debt Service Reserve 2,706,325
AVAILABLE FUND BALANCE 3,309,857$
Monthly Financial Report City of Renton, Washington January 2026
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
Impact
Mitigation REET 1 REET 2
Municipal
Facilities CIP
Capital
Investment
REVENUES:
Taxes -$ -$ 103,873$ 103,874$ -$ 354,549$
Grants / intergovernmental - - - - 959,740 -
Charges for services 65,246 233,486 - - - -
Investment Earnings 1,353 38,158 3,071 5,636 84,668 53,234
TOTAL REVENUES 66,599 271,644 106,944 109,510 1,044,408 407,783
EXPENDITURES:
Personnel - - - - 205 20,160
Contracted Services - - - - 6,806 -
Capital Outlay - - - - 30,684 35,893
TOTAL EXPENDITURES - - - - 37,695 56,053
CHANGE IN FUND BALANCE 66,599 271,644 106,944 109,510 1,006,713 351,730
BEGINNING FUND BALANCE, Jan 1 488,506 13,744,980 1,132,196 2,044,125 29,511,409 17,319,641
ENDING FUND BALANCE, Jan 31 555,105$ 14,016,624$ 1,239,140$ 2,153,635$ 30,518,122$ 17,671,371$
Monthly Financial Report City of Renton, Washington January 2026
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 -$ -$ -$ -$ 9,750$ -$ 3,375$
Charges for services 416,045 1,633,914 142,299 1,691,030 1,197,797 2,185,959 1,368,912
Fines and penalties 500 - - - - - -
Rents, leases, and misc fees - - 16,947 11,704 - - -
Interest and other misc 34,077 11,369 9,124 673,306 450,716 22,722 97,211
TOTAL REVENUES 450,622 1,645,283 168,370 2,376,040 1,658,263 2,208,681 1,469,498
EXPENSES:
Personnel 104,964 44,746 146,493 439,994 242,237 - 398,912
Supplies 4,004 360 5,035 54,102 2,600 - 1,640
Contracted Services 21,314 998,888 10,639 162,604 214,829 2,050,602 110,134
TOTAL OPERATING EXPENSES 130,282 1,043,994 162,167 656,700 459,666 2,050,602 510,686
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND TRANSFERS 320,340 601,289 6,203 1,719,340 1,198,597 158,079 958,812
DEBT SERVICE:
Principal - - 3,807 - - - -
Interest - - 45 - - - -
TOTAL DEBT SERVICE - - 3,852 - - - -
CAPITAL OUTLAY - - - 19,141 29,139 - 46,643
CHANGE IN FUND BALANCE 320,340 601,289 2,351 1,700,199 1,169,458 158,079 912,169
BEGINNING FUND BALANCE, Jan 1 11,691,199 3,942,992 2,863,061 57,840,533 28,172,052 8,193,957 29,360,155
ENDING FUND BALANCE, Jan 31 12,011,539$ 4,544,281$ 2,865,412$ 59,540,732$ 29,341,510$ 8,352,036$ 30,272,324$
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 11,723,982$ 4,144,281$ 1,867,059$ 54,989,353$ 27,002,976$ 7,972,036$ 27,449,291$
Monthly Financial Report City of Renton, Washington January 2026
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 30% of current year budgeted expenses. 100%
of the Retiree Healthcare fund balance is reserved for OPEB.
Equipment
Rental Insurance
Information
Technology Facilities Healthcare
Retiree
Healthcare
REVENUES:
Technology Fee -$ -$ 23,918$ -$ -$ -$
Charges for services:
Equipment rental m&o 12,773 - - - - -
Facilities - - - 15,041 - -
Interest and other misc 56,653 80,372 31,003 7,972 29,353 56,893
Internal service fund misc:
Worker's comp/unemployment - 188,023 - - - -
Benefit premiums - - - - 1,258,283 -
Other misc 89 - - - - -
Insurance recoveries 11,635 32,432 - - (65) -
TOTAL REVENUES 81,150 300,827 54,921 23,013 1,287,571 56,893
EXPENSES:
Personnel 62,857 221,520 363,569 362,351 715,734 70,699
Supplies 107,135 - 1,342 33,043 110 -
Contracted Services 8,839 1,047,537 303,077 36,745 6,368 708
Internal Services - - - - - -
TOTAL OPERATING EXPENSES 178,831 1,269,057 667,988 432,139 722,212 71,407
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND TRANSFERS (97,681) (968,230) (613,067) (409,126) 565,359 (14,514)
CAPITAL OUTLAY 67,875 - 39,831 - - -
CHANGE IN FUND BALANCE (165,556) (968,230) (652,898) (409,126) 565,359 (14,514)
BEGINNING FUND BALANCE, Jan 1 20,116,733 28,847,562 11,064,176 2,710,622 10,253,712 20,485,326
ENDING FUND BALANCE, Jan 31 19,951,177$ 27,879,332$ 10,411,278$ 2,301,496$ 10,819,071$ 20,470,812$
Insurance Reserves - 22,268,021 - - 5,114,808 20,470,812
Opearting Reserves 13,856,677 - 2,785,647 970,317 - -
AVAILABLE FUND BALANCE 6,094,500$ 5,611,311$ 7,625,631$ 1,331,179$ 5,704,263$ -$
Monthly Financial Report City of Renton, Washington January 2026
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 29,202$ -$
Collected for Others - 2,914,037
TOTAL REVENUES 29,202 2,914,037
EXPENDITURES:
Distributions to Others 25,446 194,241
TOTAL EXPENDITURES 25,446 194,241
CHANGE IN FUND BALANCE 3,756 2,719,796
BEGINNING FUND BALANCE, Jan 1 10,529,696 -
ENDING FUND BALANCE, Jan 31 10,533,452$ 2,719,796$
Monthly Financial Report City of Renton, Washington January 2026
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 January 31, 2026
Funds
Balance
01/01/2026
Budgeted
Revenue
Revenue
01/31/26
Total Funds
Available
Budgeted
Expenditure
Expenditure
01/31/26
Ending
Balance
GENERAL FUND 117,351,219 150,007,362 12,313,609 129,664,828 153,392,081 8,931,432 120,733,396
SPECIAL REVENUE FUNDS: 19,252,644 4,650,000 495,149 19,747,793 2,282,674 65,155 19,682,638
110 Hotel Motel 1,239,408 350,000 34,008 1,273,416 - - 1,273,416
127 Cable Communication 425,167 60,000 10,190 435,357 97,674 59 435,298
130 Housing and Supportive Services 15,888,693 4,030,000 403,141 16,291,834 1,935,000 64,059 16,227,775
135 Springbrook Wetlands Bank 725,678 - 2,029 727,707 40,000 779 726,928
140 Police Seizure 536,123 - 1,483 537,606 - 258 537,348
141 Police CSAM Seizure 133,967 - 371 134,338 - - 134,338
150 Affordable Housing Development 303,608 - 843 304,451 - - 304,451
31X School District Impact Mitigation - 10,000 21,744 21,744 10,000 - 21,744
304 Fire Mitigation - 200,000 21,340 21,340 200,000 - 21,340
DEBT SERVICE FUND 6,009,894 2,943,075 16,673 6,026,567 2,941,644 10,385 6,016,182
CAPITAL PROJECT FUNDS (CIP): 64,240,857 14,365,000 2,006,888 66,247,745 11,255,475 93,748 66,153,997
303 Community Services Mitigation 488,506 100,000 66,599 555,105 - - 555,105
305 Transportation Mitigation 13,744,980 1,000,000 271,644 14,016,624 749,000 - 14,016,624
308 REET1 1,132,196 2,520,000 106,944 1,239,140 700,000 - 1,239,140
309 REET2 2,044,125 2,520,000 109,510 2,153,635 2,146,475 - 2,153,635
316 Municipal Facilities CIP 29,511,409 2,600,000 1,044,408 30,555,817 2,200,000 37,695 30,518,122
317 Transportation CIP 17,319,641 5,625,000 407,783 17,727,424 5,460,000 56,053 17,671,371
ENTERPRISE FUNDS: 142,063,950 110,341,739 9,976,757 152,040,707 108,772,765 5,112,872 146,927,835
4X2 Airport Operating & CIP 11,691,201 4,903,287 450,622 12,141,822 4,561,462 130,282 12,011,539
403 Solid Waste Utility 3,942,992 28,217,815 1,645,283 5,588,275 29,242,416 1,043,994 4,544,281
4X4 Golf Operating & CIP 2,863,061 4,803,170 168,370 3,031,431 4,741,707 166,019 2,865,412
4X5 Water Operating & CIP 57,840,533 19,878,544 2,376,040 60,216,573 18,776,935 675,841 59,540,732
4X6 Waste Water Operating & CIP 28,172,052 13,042,313 1,658,263 29,830,315 12,313,150 488,805 29,341,510
416 King County Metro 8,193,957 24,991,462 2,208,681 10,402,638 24,991,462 2,050,602 8,352,036
4X7 Surface Water Operating & CIP 29,360,155 14,505,148 1,469,498 30,829,653 14,145,633 557,329 30,272,324
INTERNAL SERVICE FUNDS: 93,478,131 51,012,569 1,804,375 95,282,506 53,804,431 3,449,340 91,833,166
501 Equipment Repair/Replacement 20,116,733 6,771,008 81,150 20,197,883 7,242,794 246,706 19,951,177
502 Insurance 28,847,562 7,573,908 300,827 29,148,389 8,418,679 1,269,057 27,879,332
503 Information Services 11,064,176 10,026,875 54,921 11,119,097 9,916,435 707,819 10,411,278
504 Facilities 2,710,622 8,038,031 23,013 2,733,635 8,248,019 432,139 2,301,496
512 Insurance, Healthcare 10,253,712 17,682,747 1,287,571 11,541,283 18,202,177 722,212 10,819,071
522 Insurance, Leoff1 Retirees HC 20,485,326 920,000 56,893 20,542,219 1,776,327 71,407 20,470,812
FIDUCIARY FUNDS: 10,529,697 300,000 2,943,239 13,472,936 314,975 219,687 13,253,248
611 Firemens' Pension 10,529,697 300,000 29,202 10,558,899 314,975 25,446 10,533,452
630 Custodial Fund - - 2,914,037 2,914,037 - 194,241 2,719,796
TOTAL FUNDS 452,926,392 333,619,745 29,556,690 482,483,082 332,764,045 17,882,621 464,600,462