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Home My WebLink AboutMONTH 2026 03Page 1 of 7 OVERVIEW This monthly financial report reflects the City’s revenue and expenditures/expenses for the fiscal year through March 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 25,393,277$ Licenses and permits 2,197,579 Grants / intergovernmental 1,114,837 Charges for services 3,263,147 Interdepartmental services 11,430 Fines and penalties 668,387 Miscellaneous 537,666 Investment Earnings 1,152,376 TOTAL REVENUES 34,338,699 EXPENDITURES: Personnel 21,535,288 Supplies 454,735 Contracted Services 6,163,846 Capital Outlay 910,770 Internal Services 5,795,685 TOTAL EXPENDITURES 34,860,324 CHANGE IN FUND BALANCE (521,625) BEGINNING FUND BALANCE, Jan 1 117,351,219 ENDING FUND BALANCE, Mar 31 116,829,594$ ECONOMIC DEVELOPMENT RESERVE 2,500,000 OPERATING RESERVES 22,062,892 AVAILABLE FUND BALANCE, Mar 31 92,266,702$ Monthly Financial Report March 2026 Monthly Financial Report City of Renton, Washington March 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 Police Seizure Police CSAM Seizure REVENUES: Taxes 108,030$ -$ 1,175,172$ -$ -$ -$ -$ -$ Licenses and permits - 9,010 - - - - - - Charges for services - - - - - 40,984 - - Contributions - - - - - - 208,629 - Investment Earnings 10,620 3,481 133,155 2,469 5,906 - 4,340 1,088 TOTAL REVENUES 118,650 12,491 1,308,327 2,469 5,906 40,984 212,969 1,088 EXPENDITURES: Personnel - - - - 2,029 - - - Supplies - 67 - - - - 3,230 - Contracted Services 13,600 - 337,981 - 86 36,518 14,875 - Capital Outlay - - - - - - 45,795 - TOTAL EXPENDITURES 13,600 67 337,981 - 2,115 36,518 63,900 - CHANGE IN FUND BALANCE 105,050 12,424 970,346 2,469 3,791 4,466 149,069 1,088 BEGINNING FUND BALANCE, Jan 1 1,239,408 425,167 15,888,693 303,608 725,678 - 536,123 133,967 ENDING FUND BALANCE, Mar 31 1,344,458$ 437,591$ 16,859,039$ 306,077$ 729,469$ 4,466$ 685,192$ 135,055$ General Governmental Misc Debt REVENUES: Grants / intergovernmental 9,702$ Investment Earnings 48,851 TOTAL REVENUES 58,553 EXPENDITURES: Interest 10,455 TOTAL EXPENDITURES 10,455 CHANGE IN FUND BALANCE 48,098 BEGINNING FUND BALANCE, Jan 1 6,009,894 ENDING FUND BALANCE, Mar 31 6,057,992$ Debt Service Reserve 2,704,675 AVAILABLE FUND BALANCE 3,353,317$ Monthly Financial Report City of Renton, Washington March 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 Transportation Impact Mitigation REET 1 REET 2 Municipal Facilities CIP Capital Investment REVENUES: Taxes -$ -$ 453,627$ 453,627$ -$ 1,160,997$ Grants / intergovernmental - - - - 2,870,688 549,018 Charges for services 119,217 408,220 - - - - Investment Earnings 4,511 113,716 9,776 17,283 244,460 148,571 TOTAL REVENUES 123,728 521,936 463,403 470,910 3,115,148 1,858,586 EXPENDITURES: Personnel - - - - 1,416 106,030 Contracted Services - - - - 37,693 73,018 Capital Outlay - - - - 4,297,173 2,047,019 TOTAL EXPENDITURES - - - - 4,336,282 2,226,067 CHANGE IN FUND BALANCE 123,728 521,936 463,403 470,910 (1,221,134) (367,481) 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, Mar 31 612,234$ 14,266,916$ 1,595,599$ 2,515,035$ 28,290,275$ 16,952,160$ Monthly Financial Report City of Renton, Washington March 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 -$ -$ -$ -$ 20,900$ -$ 8,250$ Grants / intergovernmental - 90,594 - - - - 1,517,112 Charges for services 1,307,286 7,582,793 503,435 4,290,150 3,312,747 6,181,369 3,691,492 Fines and penalties 1,000 - - - - - - Rents, leases, and misc fees - - 59,335 45,170 - - - Interest and other misc 99,295 22,918 28,161 1,189,576 743,393 66,994 320,337 TOTAL REVENUES 1,407,581 7,696,305 590,931 5,524,896 4,077,040 6,248,363 5,537,191 EXPENSES: Personnel 353,980 149,937 442,773 1,289,267 727,337 - 1,200,219 Supplies 21,095 5,222 108,613 283,913 15,384 - 29,894 Contracted Services 210,564 6,138,829 51,052 859,133 690,302 6,151,806 492,724 Internal Services 140,907 162,347 162,877 747,190 457,141 - 786,689 TOTAL OPERATING EXPENSES 726,546 6,456,335 765,315 3,179,503 1,890,164 6,151,806 2,509,526 AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 681,035 1,239,970 (174,384) 2,345,393 2,186,876 96,557 3,027,665 DEBT SERVICE: Principal - - 11,430 - - - - Interest - - 124 - - - - TOTAL DEBT SERVICE - - 11,554 - - - - CAPITAL OUTLAY 279,495 - 92,561 288,170 1,328,417 - 1,695,650 Transfers In - - 172,500 - - - - Transfers Out - - (172,500) - - - - NET TRANSFERS - - - - - - - CHANGE IN FUND BALANCE 401,540 1,239,970 (278,499) 2,057,223 858,459 96,557 1,332,015 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, Mar 31 12,092,739$ 5,182,962$ 2,584,562$ 59,897,756$ 29,030,511$ 8,290,514$ 30,692,170$ Restricted for Debt Service - - - 1,394,051 661,227 - 754,868 Operating Reserve 297,346 400,000 1,060,123 1,909,027 1,044,116 380,000 1,341,363 AVAILABLE FUND BALANCE 11,795,393$ 4,782,962$ 1,524,439$ 56,594,678$ 27,325,168$ 7,910,514$ 28,595,939$ Monthly Financial Report City of Renton, Washington March 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 -$ -$ 61,339$ -$ -$ -$ Charges for services: Equipment rental m&o 852,732 - 2,434,594 - - - Facilities - - - 2,014,148 - - Interest and other misc 162,038 229,215 72,845 17,889 89,001 165,764 Internal service fund misc: Vehicle/equipment capital recovery 720,531 - - - - - Insurance premiums - 877,362 - - - - Worker's comp/unemployment - 562,764 - - - - Benefit premiums - - - - 3,774,791 - Other misc 187 - - 38,674 218,326 62,442 Insurance recoveries 19,571 61,846 - - (65) - TOTAL REVENUES 1,755,059 1,731,187 2,568,778 2,070,711 4,082,053 228,206 EXPENSES: Personnel 187,246 558,813 1,101,250 1,049,513 3,736,642 399,691 Supplies 408,536 1,205 1,781,656 140,157 275 - Contracted Services 70,994 1,251,907 1,324,178 463,919 145,497 13,795 Internal Services 38,835 - 1,238 53,191 35,960 - TOTAL OPERATING EXPENSES 705,611 1,811,925 4,208,322 1,706,780 3,918,374 413,486 AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 1,049,448 (80,738) (1,639,544) 363,931 163,679 (185,280) CAPITAL OUTLAY 850,281 - 83,159 - - - CHANGE IN FUND BALANCE 199,167 (80,738) (1,722,703) 363,931 163,679 (185,280) 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, Mar 31 20,315,900$ 28,766,824$ 9,341,473$ 3,074,553$ 10,417,391$ 20,300,046$ Insurance Reserves - 20,583,977 - - 5,492,932 20,300,046 Opearting Reserves 14,898,543 - 2,785,647 247,166 - - AVAILABLE FUND BALANCE 5,417,357$ 8,182,847$ 6,555,826$ 2,827,387$ 4,924,459$ -$ Monthly Financial Report City of Renton, Washington March 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 85,361$ -$ Collected for Others - 3,355,314 TOTAL REVENUES 85,361 3,355,314 EXPENDITURES: Distributions to Others 55,047 560,301 TOTAL EXPENDITURES 55,047 560,301 CHANGE IN FUND BALANCE 30,314 2,795,013 BEGINNING FUND BALANCE, Jan 1 10,529,696 - ENDING FUND BALANCE, Mar 31 10,560,010$ 2,795,013$ Monthly Financial Report City of Renton, Washington March 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 March 31, 2026 Funds Balance 01/01/2026 Budgeted Revenue Revenue 03/31/26 Total Funds Available Budgeted Expenditure Expenditure 03/31/26 Ending Balance GENERAL FUND 117,351,219 150,007,362 34,338,699 151,689,918 153,392,081 34,860,324 116,829,594 SPECIAL REVENUE FUNDS: 19,252,644 4,650,000 1,702,884 20,955,528 2,282,674 454,181 20,501,347 110 Hotel Motel 1,239,408 350,000 118,650 1,358,058 - 13,600 1,344,458 127 Cable Communication 425,167 60,000 12,491 437,658 97,674 67 437,591 130 Housing and Supportive Services 15,888,693 4,030,000 1,308,327 17,197,020 1,935,000 337,981 16,859,039 135 Springbrook Wetlands Bank 725,678 - 5,906 731,584 40,000 2,115 729,469 140 Police Seizure 536,123 - 212,969 749,092 - 63,900 685,192 141 Police CSAM Seizure 133,967 - 1,088 135,055 - - 135,055 150 Affordable Housing Development 303,608 - 2,469 306,077 - - 306,077 31X School District Impact Mitigation - 10,000 - - 10,000 - - 304 Fire Mitigation - 200,000 40,984 40,984 200,000 36,518 4,466 DEBT SERVICE FUND 6,009,894 2,943,075 58,553 6,068,447 2,941,644 10,455 6,057,992 CAPITAL PROJECT FUNDS (CIP): 64,240,857 14,365,000 6,553,711 70,794,568 11,255,475 6,562,349 64,232,219 303 Community Services Mitigation 488,506 100,000 123,728 612,234 - - 612,234 305 Transportation Mitigation 13,744,980 1,000,000 521,936 14,266,916 749,000 - 14,266,916 308 REET1 1,132,196 2,520,000 463,403 1,595,599 700,000 - 1,595,599 309 REET2 2,044,125 2,520,000 470,910 2,515,035 2,146,475 - 2,515,035 316 Municipal Facilities CIP 29,511,409 2,600,000 3,115,148 32,626,557 2,200,000 4,336,282 28,290,275 317 Transportation CIP 17,319,641 5,625,000 1,858,586 19,178,227 5,460,000 2,226,067 16,952,160 ENTERPRISE FUNDS: 142,063,950 110,341,739 31,254,807 173,318,757 108,772,765 25,547,542 147,771,215 4X2 Airport Operating & CIP 11,691,201 4,903,287 1,407,581 13,098,781 4,561,462 1,006,041 12,092,739 403 Solid Waste Utility 3,942,992 28,217,815 7,696,305 11,639,297 29,242,416 6,456,335 5,182,962 4X4 Golf Operating & CIP 2,863,061 4,803,170 763,431 3,626,492 4,741,707 1,041,930 2,584,562 4X5 Water Operating & CIP 57,840,533 19,878,544 5,524,896 63,365,429 18,776,935 3,467,673 59,897,756 4X6 Waste Water Operating & CIP 28,172,052 13,042,313 4,077,040 32,249,092 12,313,150 3,218,581 29,030,511 416 King County Metro 8,193,957 24,991,462 6,248,363 14,442,320 24,991,462 6,151,806 8,290,514 4X7 Surface Water Operating & CIP 29,360,155 14,505,148 5,537,191 34,897,346 14,145,633 4,205,176 30,692,170 INTERNAL SERVICE FUNDS: 93,478,131 51,012,569 12,435,994 105,914,125 53,804,431 13,697,938 92,216,187 501 Equipment Repair/Replacement 20,116,733 6,771,008 1,755,059 21,871,792 7,242,794 1,555,892 20,315,900 502 Insurance 28,847,562 7,573,908 1,731,187 30,578,749 8,418,679 1,811,925 28,766,824 503 Information Services 11,064,176 10,026,875 2,568,778 13,632,954 9,916,435 4,291,481 9,341,473 504 Facilities 2,710,622 8,038,031 2,070,711 4,781,333 8,248,019 1,706,780 3,074,553 512 Insurance, Healthcare 10,253,712 17,682,747 4,082,053 14,335,765 18,202,177 3,918,374 10,417,391 522 Insurance, Leoff1 Retirees HC 20,485,326 920,000 228,206 20,713,532 1,776,327 413,486 20,300,046 FIDUCIARY FUNDS: 10,529,697 300,000 3,440,675 13,970,372 314,975 615,348 13,355,023 611 Firemens' Pension 10,529,697 300,000 85,361 10,615,058 314,975 55,047 10,560,010 630 Custodial Fund - - 3,355,314 3,355,314 - 560,301 2,795,013 TOTAL FUNDS 452,926,392 333,619,745 89,785,323 542,711,715 332,764,045 81,748,139 460,963,577