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Home My WebLink AboutMONTH 2026 02Page 1 of 7 OVERVIEW This monthly financial report reflects the City’s revenue and expenditures/expenses for the fiscal year through February 28, 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 17,952,617$ Licenses and permits 1,681,954 Grants / intergovernmental 671,962 Charges for services 1,149,322 Interdepartmental services 7,617 Fines and penalties 448,050 Miscellaneous 422,235 Investment Earnings 774,364 TOTAL REVENUES 23,108,121 EXPENDITURES: Personnel 14,363,344 Supplies 212,751 Contracted Services 4,020,607 TOTAL EXPENDITURES 18,596,702 CHANGE IN FUND BALANCE 4,511,419 BEGINNING FUND BALANCE, Jan 1 117,351,219 ENDING FUND BALANCE, Feb 28 121,862,638$ ECONOMIC DEVELOPMENT RESERVE 2,500,000 OPERATING RESERVES 20,237,899 AVAILABLE FUND BALANCE, Feb 28 99,124,739$ Monthly Financial Report February 2026 Monthly Financial Report City of Renton, Washington February 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 70,944$ -$ 795,548$ -$ -$ -$ -$ -$ -$ Licenses and permits - 9,010 - - - - - - - Charges for services - - - - - 36,517 6,407 - - Investment Earnings 7,153 2,332 88,998 1,657 3,971 - - 2,913 730 TOTAL REVENUES 78,097 11,342 884,546 1,657 3,971 36,517 6,407 2,913 730 EXPENDITURES: Personnel - - - - 1,823 - - - - Supplies - 59 - - - - - 2,468 - Contracted Services 13,600 4,510 162,451 - 86 21,341 21,744 - - TOTAL EXPENDITURES 13,600 4,569 162,451 - 1,909 21,341 21,744 2,468 - CHANGE IN FUND BALANCE 64,497 6,773 722,095 1,657 2,062 15,176 (15,337) 445 730 BEGINNING FUND BALANCE, Jan 1 1,239,408 425,167 15,888,693 303,608 725,678 - - 536,123 133,967 ENDING FUND BALANCE, Feb 28 1,303,905$ 431,940$ 16,610,788$ 305,265$ 727,740$ 15,176$ (15,337)$ 536,568$ 134,697$ General Governmental Misc Debt REVENUES: Grants / intergovernmental 9,702$ Investment Earnings 32,782 TOTAL REVENUES 42,484 EXPENDITURES: Interest 10,385 TOTAL EXPENDITURES 10,385 CHANGE IN FUND BALANCE 32,099 BEGINNING FUND BALANCE, Jan 1 6,009,894 ENDING FUND BALANCE, Feb 28 6,041,993$ Debt Service Reserve 2,706,325 AVAILABLE FUND BALANCE 3,335,668$ Monthly Financial Report City of Renton, Washington February 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 -$ -$ 212,833$ 212,833$ -$ 787,044$ Grants / intergovernmental - - - - 2,591,347 477,980 Charges for services 101,750 351,796 - - - - Investment Earnings 2,933 75,984 6,324 11,365 164,699 101,023 TOTAL REVENUES 104,683 427,780 219,157 224,198 2,756,046 1,366,047 EXPENDITURES: Personnel - - - - 828 55,679 Contracted Services - - - - 25,121 13,358 Capital Outlay - - - - 2,722,803 767,041 TOTAL EXPENDITURES - - - - 2,748,752 836,078 CHANGE IN FUND BALANCE 104,683 427,780 219,157 224,198 7,294 529,969 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, Feb 28 593,189$ 14,172,760$ 1,351,353$ 2,268,323$ 29,518,703$ 17,849,610$ Monthly Financial Report City of Renton, Washington February 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 -$ -$ -$ -$ 15,375$ -$ 5,625$ Grants / intergovernmental - 57,834 - - - - 1,207,693 Charges for services 888,520 3,398,557 311,589 3,013,588 2,250,988 4,187,900 2,546,115 Fines and penalties 500 - - - - - - Rents, leases, and misc fees - - 31,217 27,162 - - - Interest and other misc 66,745 17,324 17,554 907,760 572,043 44,870 184,937 TOTAL REVENUES 955,765 3,473,715 360,360 3,948,510 2,838,406 4,232,770 3,944,370 EXPENSES: Personnel 224,505 95,761 289,513 867,034 484,830 - 810,622 Supplies 12,972 3,984 83,386 107,815 6,175 - 12,761 Contracted Services 74,191 5,261,732 27,982 524,751 465,207 4,101,204 274,020 Internal Services - - - - - - - TOTAL OPERATING EXPENSES 311,668 5,361,477 400,881 1,499,600 956,212 4,101,204 1,097,403 AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 644,097 (1,887,762) (40,521) 2,448,910 1,882,194 131,566 2,846,967 DEBT SERVICE: Principal - - 7,617 - - - - Interest - - 86 - - - - TOTAL DEBT SERVICE - - 7,703 - - - - CAPITAL OUTLAY 102,768 - 92,561 74,226 548,605 - 864,392 CHANGE IN FUND BALANCE 541,329 (1,887,762) (140,785) 2,374,684 1,333,589 131,566 1,982,575 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, Feb 28 12,232,528$ 2,055,230$ 2,722,276$ 60,215,217$ 29,505,641$ 8,325,523$ 31,342,730$ 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 11,944,971$ 1,655,230$ 1,723,923$ 55,663,838$ 27,167,107$ 7,945,523$ 28,519,697$ Monthly Financial Report City of Renton, Washington February 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 -$ -$ 41,646$ -$ -$ -$ Charges for services: Equipment rental m&o 25,861 - - - - - Facilities - - - 15,041 - - Interest and other misc 109,404 154,999 51,949 12,932 59,591 111,431 Internal service fund misc: Worker's comp/unemployment - 374,778 - - - - Benefit premiums - - - - 2,519,164 - Other misc 89 - - 18,396 218,326 62,442 Insurance recoveries 11,635 51,282 - - (65) - TOTAL REVENUES 146,989 581,059 93,595 46,369 2,797,016 173,873 EXPENSES: Personnel 124,302 380,269 733,583 698,558 2,405,158 231,648 Supplies 226,370 - 1,682,651 95,920 110 - Contracted Services 40,209 1,176,926 900,413 238,034 100,934 9,812 Internal Services - - - - - - TOTAL OPERATING EXPENSES 390,881 1,557,195 3,316,647 1,032,512 2,506,202 241,460 AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS (243,892) (976,136) (3,223,052) (986,143) 290,814 (67,587) CAPITAL OUTLAY 115,724 - 61,469 - - - CHANGE IN FUND BALANCE (359,616) (976,136) (3,284,521) (986,143) 290,814 (67,587) 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, Feb 28 19,757,117$ 27,871,426$ 7,779,655$ 1,724,479$ 10,544,526$ 20,417,739$ Insurance Reserves - 22,268,021 - - 5,114,808 20,417,739 Opearting Reserves 13,856,677 - 2,785,647 970,317 - - AVAILABLE FUND BALANCE 5,900,440$ 5,603,405$ 4,994,008$ 754,162$ 5,429,718$ -$ Monthly Financial Report City of Renton, Washington February 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 57,317$ -$ Collected for Others - 3,084,316 TOTAL REVENUES 57,317 3,084,316 EXPENDITURES: Distributions to Others 40,746 259,812 TOTAL EXPENDITURES 40,746 259,812 CHANGE IN FUND BALANCE 16,571 2,824,504 BEGINNING FUND BALANCE, Jan 1 10,529,696 - ENDING FUND BALANCE, Feb 28 10,546,267$ 2,824,504$ Monthly Financial Report City of Renton, Washington February 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 February 28, 2026 Funds Balance 01/01/2026 Budgeted Revenue Revenue 02/28/26 Total Funds Available Budgeted Expenditure Expenditure 02/28/26 Ending Balance GENERAL FUND 117,351,219 150,007,362 23,108,121 140,459,340 153,392,081 18,596,702 121,862,638 SPECIAL REVENUE FUNDS: 19,252,644 4,650,000 1,026,180 20,278,824 2,282,674 228,082 20,050,742 110 Hotel Motel 1,239,408 350,000 78,097 1,317,505 - 13,600 1,303,905 127 Cable Communication 425,167 60,000 11,342 436,509 97,674 4,569 431,940 130 Housing and Supportive Services 15,888,693 4,030,000 884,546 16,773,239 1,935,000 162,451 16,610,788 135 Springbrook Wetlands Bank 725,678 - 3,971 729,649 40,000 1,909 727,740 140 Police Seizure 536,123 - 2,913 539,036 - 2,468 536,568 141 Police CSAM Seizure 133,967 - 730 134,697 - - 134,697 150 Affordable Housing Development 303,608 - 1,657 305,265 - - 305,265 31X School District Impact Mitigation - 10,000 6,407 6,407 10,000 21,744 (15,337) 304 Fire Mitigation - 200,000 36,517 36,517 200,000 21,341 15,176 DEBT SERVICE FUND 6,009,894 2,943,075 42,484 6,052,378 2,941,644 10,385 6,041,993 CAPITAL PROJECT FUNDS (CIP): 64,240,857 14,365,000 5,097,911 69,338,768 11,255,475 3,584,830 65,753,938 303 Community Services Mitigation 488,506 100,000 104,683 593,189 - - 593,189 305 Transportation Mitigation 13,744,980 1,000,000 427,780 14,172,760 749,000 - 14,172,760 308 REET1 1,132,196 2,520,000 219,157 1,351,353 700,000 - 1,351,353 309 REET2 2,044,125 2,520,000 224,198 2,268,323 2,146,475 - 2,268,323 316 Municipal Facilities CIP 29,511,409 2,600,000 2,756,046 32,267,455 2,200,000 2,748,752 29,518,703 317 Transportation CIP 17,319,641 5,625,000 1,366,047 18,685,688 5,460,000 836,078 17,849,610 ENTERPRISE FUNDS: 142,063,950 110,341,739 19,753,896 161,817,846 108,772,765 15,418,700 146,399,146 4X2 Airport Operating & CIP 11,691,201 4,903,287 955,765 12,646,965 4,561,462 414,436 12,232,528 403 Solid Waste Utility 3,942,992 28,217,815 3,473,715 7,416,707 29,242,416 5,361,477 2,055,230 4X4 Golf Operating & CIP 2,863,061 4,803,170 360,360 3,223,421 4,741,707 501,145 2,722,276 4X5 Water Operating & CIP 57,840,533 19,878,544 3,948,510 61,789,043 18,776,935 1,573,826 60,215,217 4X6 Waste Water Operating & CIP 28,172,052 13,042,313 2,838,406 31,010,458 12,313,150 1,504,817 29,505,641 416 King County Metro 8,193,957 24,991,462 4,232,770 12,426,727 24,991,462 4,101,204 8,325,523 4X7 Surface Water Operating & CIP 29,360,155 14,505,148 3,944,370 33,304,525 14,145,633 1,961,795 31,342,730 INTERNAL SERVICE FUNDS: 93,478,131 51,012,569 3,838,901 97,317,032 53,804,431 9,222,090 88,094,942 501 Equipment Repair/Replacement 20,116,733 6,771,008 146,989 20,263,722 7,242,794 506,605 19,757,117 502 Insurance 28,847,562 7,573,908 581,059 29,428,621 8,418,679 1,557,195 27,871,426 503 Information Services 11,064,176 10,026,875 93,595 11,157,771 9,916,435 3,378,116 7,779,655 504 Facilities 2,710,622 8,038,031 46,369 2,756,991 8,248,019 1,032,512 1,724,479 512 Insurance, Healthcare 10,253,712 17,682,747 2,797,016 13,050,728 18,202,177 2,506,202 10,544,526 522 Insurance, Leoff1 Retirees HC 20,485,326 920,000 173,873 20,659,199 1,776,327 241,460 20,417,739 FIDUCIARY FUNDS: 10,529,697 300,000 3,141,633 13,671,330 314,975 300,558 13,370,771 611 Firemens' Pension 10,529,697 300,000 57,317 10,587,014 314,975 40,746 10,546,267 630 Custodial Fund - - 3,084,316 3,084,316 - 259,812 2,824,504 TOTAL FUNDS 452,926,392 333,619,745 56,009,126 508,935,518 332,764,045 47,361,349 461,574,170