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Home My WebLink AboutMONTH 2026 05Page 1 of 7 OVERVIEW This monthly financial report reflects the City’s revenue and expenditures/expenses for the fiscal year through May 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 59,072,208$ Licenses and permits 3,356,866 Grants / intergovernmental 1,745,828 Charges for services 4,226,624 Interdepartmental services 19,132 Fines and penalties 1,065,639 Miscellaneous 763,579 Investment Earnings 1,980,614 TOTAL REVENUES 72,230,490 EXPENDITURES: Personnel 36,022,579 Supplies 906,492 Contracted Services 10,223,493 Capital Outlay 850,252 Internal Services 5,795,685 TOTAL EXPENDITURES 53,798,501 CHANGE IN FUND BALANCE 18,431,989 BEGINNING FUND BALANCE, Jan 1 117,351,219 ENDING FUND BALANCE, May 31 135,783,208$ ECONOMIC DEVELOPMENT RESERVE 2,500,000 OPERATING RESERVES 22,062,892 AVAILABLE FUND BALANCE, May 31 111,220,316$ Monthly Financial Report May 2026 Monthly Financial Report City of Renton, Washington May 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 186,175$ -$ 1,905,077$ -$ -$ -$ -$ -$ -$ Licenses and permits - 20,455 - - - - - - - Grants / intergovernmental - - - - 4,383 - - 1,790 - Charges for services - - - - - 45,270 - - - Fines and penalties - - - - - - - - 576 Contributions 10,000 - - - - - - 208,629 - Investment Earnings 18,761 6,130 234,746 4,302 10,276 - - 8,419 1,896 TOTAL REVENUES 214,936 26,585 2,139,823 4,302 14,659 45,270 - 218,838 2,472 EXPENDITURES: Personnel - - - - 2,225 - - - - Supplies - 67 - - - - - 3,230 - Contracted Services 126,672 - 642,851 - 895 42,544 - 23,873 - Capital Outlay - - - - - - - 160,535 - TOTAL EXPENDITURES 126,672 67 642,851 - 3,120 42,544 - 187,638 - CHANGE IN FUND BALANCE 88,264 26,518 1,496,972 4,302 11,539 2,726 - 31,200 2,472 BEGINNING FUND BALANCE, Jan 1 1,239,408 425,167 15,888,693 303,608 725,678 - - 536,123 133,967 ENDING FUND BALANCE, May 31 1,327,672$ 451,685$ 17,385,665$ 307,910$ 737,217$ 2,726$ -$ 567,323$ 136,439$ General Governmental Misc Debt REVENUES: Grants / intergovernmental 9,702$ Investment Earnings 85,088 TOTAL REVENUES 94,790 EXPENDITURES: Interest 10,455 TOTAL EXPENDITURES 10,455 CHANGE IN FUND BALANCE 84,335 BEGINNING FUND BALANCE, Jan 1 6,009,894 ENDING FUND BALANCE, May 31 6,094,229$ Debt Service Reserve 2,704,675 AVAILABLE FUND BALANCE 3,389,554$ Monthly Financial Report City of Renton, Washington May 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 -$ -$ 725,423$ 725,423$ -$ 1,882,491$ Grants / intergovernmental - - - - 3,502,425 665,371 Charges for services 136,006 462,396 - - - 13,400 Contributions - - - - - 42,140 Investment Earnings 8,189 199,216 20,061 33,113 383,335 249,586 TOTAL REVENUES 144,195 661,612 745,484 758,536 3,885,760 2,852,988 EXPENDITURES: Personnel - - - - 4,712 201,696 Supplies - - - - 1,382 47,840 Contracted Services - - - - 86,085 282,161 Capital Outlay - - - - 19,571,401 3,093,533 TOTAL EXPENDITURES - - - - 19,663,580 3,625,230 CHANGE IN FUND BALANCE 144,195 661,612 745,484 758,536 (15,777,820) (772,242) 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, May 31 632,701$ 14,406,592$ 1,877,680$ 2,802,661$ 13,733,589$ 16,547,399$ Monthly Financial Report City of Renton, Washington May 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 -$ -$ -$ -$ 45,925$ -$ 12,375$ Grants / intergovernmental 382,280 115,698 - - - - 2,873,173 Charges for services 2,545,114 11,115,035 1,319,940 7,230,427 5,483,023 10,321,305 6,311,486 Fines and penalties 1,016 - - - - - - Rents, leases, and misc fees - - 183,490 58,890 - - - Interest and other misc 174,003 50,591 47,855 1,586,577 987,241 116,418 515,440 TOTAL REVENUES 3,102,413 11,281,324 1,551,285 8,875,894 6,516,189 10,437,723 9,712,474 EXPENSES: Personnel 635,702 273,556 801,169 2,134,106 1,238,251 - 1,965,214 Supplies 44,192 10,942 232,785 466,299 21,119 - 59,152 Contracted Services 304,385 12,582,851 90,914 1,492,145 1,176,603 10,274,729 853,259 Internal Services 140,907 162,347 162,877 747,190 457,141 - 786,689 TOTAL OPERATING EXPENSES 1,125,186 13,029,696 1,287,745 4,839,740 2,893,114 10,274,729 3,664,314 AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 1,977,227 (1,748,372) 263,540 4,036,154 3,623,075 162,994 6,048,160 DEBT SERVICE: Principal - - 19,132 - - - - Interest - - 192 - - - - TOTAL DEBT SERVICE - - 19,324 - - - - CAPITAL OUTLAY 984,174 - 159,499 525,780 2,388,837 - 2,876,275 Transfers In - - 172,500 - - - - Transfers Out - - (172,500) - - - - NET TRANSFERS - - - - - - - CHANGE IN FUND BALANCE 993,053 (1,748,372) 84,717 3,510,374 1,234,238 162,994 3,171,885 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, May 31 12,684,252$ 2,194,620$ 2,947,778$ 61,350,907$ 29,406,290$ 8,356,951$ 32,532,040$ 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 12,386,906$ 1,794,620$ 1,887,655$ 58,047,829$ 27,700,947$ 7,976,951$ 30,435,809$ Monthly Financial Report City of Renton, Washington May 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 -$ -$ 99,581$ -$ -$ -$ Grants / intergovernmental - - - 39,600 - 260,988 Charges for services: Equipment rental m&o 886,780 - 2,434,594 - - - Facilities - - - 2,014,148 - - Interest and other misc 279,199 400,499 126,403 35,303 153,404 287,017 Internal service fund misc: Vehicle/equipment capital recovery 720,531 - - - - - Insurance premiums - 877,362 - - - - Worker's comp/unemployment - 941,249 - - - - Benefit premiums - - - - 6,316,563 - Other misc 387 - - 85,066 483,606 112,823 Disposal of capital assets 193,376 - - - - - Insurance recoveries 40,247 86,557 - - 63 - TOTAL REVENUES 2,120,520 2,305,667 2,660,578 2,174,117 6,953,636 660,828 EXPENSES: Personnel 304,940 955,462 1,851,517 1,769,816 6,507,329 642,616 Supplies 727,442 1,205 1,897,496 292,615 1,595 - Contracted Services 168,192 1,567,419 1,750,926 1,004,471 247,442 33,691 Internal Services 38,835 - 1,238 53,191 35,960 - TOTAL OPERATING EXPENSES 1,239,409 2,524,086 5,501,177 3,120,093 6,792,326 676,307 AMOUNT AVAILABLE FOR DEBT SERVICE, CAPITAL, AND TRANSFERS 881,111 (218,419) (2,840,599) (945,976) 161,310 (15,479) CAPITAL OUTLAY 2,819,053 - 274,365 - - - CHANGE IN FUND BALANCE (1,937,942) (218,419) (3,114,964) (945,976) 161,310 (15,479) 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, May 31 18,178,791$ 28,629,143$ 7,949,212$ 1,764,646$ 10,415,022$ 20,469,847$ Insurance Reserves - 20,583,977 - - 5,492,932 20,469,847 Opearting Reserves 14,898,543 - 2,785,647 247,166 - - AVAILABLE FUND BALANCE 3,280,248$ 8,045,166$ 5,163,565$ 1,517,480$ 4,922,090$ -$ Monthly Financial Report City of Renton, Washington May 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 148,483$ -$ Collected for Others - 3,698,106 TOTAL REVENUES 148,483 3,698,106 EXPENDITURES: Contracted Services 3,900 - Distributions to Others 78,890 1,039,606 TOTAL EXPENDITURES 82,790 1,039,606 CHANGE IN FUND BALANCE 65,693 2,658,500 BEGINNING FUND BALANCE, Jan 1 10,529,696 - ENDING FUND BALANCE, May 31 10,595,389$ 2,658,500$ Monthly Financial Report City of Renton, Washington May 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 May 31, 2026 Funds Balance 01/01/2026 Budgeted Revenue Revenue 05/31/26 Total Funds Available Budgeted Expenditure Expenditure 05/31/26 Ending Balance GENERAL FUND 117,351,219 150,761,922 72,230,490 189,581,709 163,012,100 53,798,501 135,783,208 SPECIAL REVENUE FUNDS: 19,252,644 4,655,000 2,666,885 21,919,529 6,651,607 1,002,892 20,916,637 110 Hotel Motel 1,239,408 355,000 214,936 1,454,344 1,004,091 126,672 1,327,672 127 Cable Communication 425,167 60,000 26,585 451,752 40,000 67 451,685 130 Housing and Supportive Services 15,888,693 4,030,000 2,139,823 18,028,516 4,627,427 642,851 17,385,665 135 Springbrook Wetlands Bank 725,678 - 14,659 740,337 100,000 3,120 737,217 140 Police Seizure 536,123 - 218,838 754,961 536,123 187,638 567,323 141 Police CSAM Seizure 133,967 - 2,472 136,439 133,966 - 136,439 150 Affordable Housing Development 303,608 - 4,302 307,910 - - 307,910 31X School District Impact Mitigation - 10,000 - - 10,000 - - 304 Fire Mitigation - 200,000 45,270 45,270 200,000 42,544 2,726 DEBT SERVICE FUND 6,009,894 2,943,075 94,790 6,104,684 2,941,644 10,455 6,094,229 CAPITAL PROJECT FUNDS (CIP): 64,240,857 40,621,792 9,048,575 73,289,432 80,897,096 23,288,810 50,000,622 303 Community Services Mitigation 488,506 100,000 144,195 632,701 - - 632,701 305 Transportation Mitigation 13,744,980 1,000,000 661,612 14,406,592 3,896,632 - 14,406,592 308 REET1 1,132,196 2,520,000 745,484 1,877,680 900,000 - 1,877,680 309 REET2 2,044,125 2,520,000 758,536 2,802,661 1,946,475 - 2,802,661 316 Municipal Facilities CIP 29,511,409 14,928,531 3,885,760 33,397,169 41,847,216 19,663,580 13,733,589 317 Transportation CIP 17,319,641 19,553,261 2,852,988 20,172,629 32,306,773 3,625,230 16,547,399 ENTERPRISE FUNDS: 142,063,950 140,620,408 51,649,802 193,713,752 189,742,623 44,240,913 149,472,839 4X2 Airport Operating & CIP 11,691,201 23,194,665 3,102,413 14,793,613 28,981,408 2,109,360 12,684,252 403 Solid Waste Utility 3,942,992 28,507,373 11,281,324 15,224,316 29,580,618 13,029,696 2,194,620 4X4 Golf Operating & CIP 2,863,061 4,803,170 1,723,785 4,586,846 5,522,090 1,639,068 2,947,778 4X5 Water Operating & CIP 57,840,533 20,005,458 8,875,894 66,716,427 49,337,314 5,365,520 61,350,907 4X6 Waste Water Operating & CIP 28,172,052 13,042,313 6,516,189 34,688,241 19,027,750 5,281,951 29,406,290 416 King County Metro 8,193,957 24,991,462 10,437,723 18,631,680 24,991,462 10,274,729 8,356,951 4X7 Surface Water Operating & CIP 29,360,155 26,075,967 9,712,474 39,072,629 32,301,981 6,540,589 32,532,040 INTERNAL SERVICE FUNDS: 93,478,131 51,349,669 16,875,346 110,353,477 66,128,396 22,946,816 87,406,661 501 Equipment Repair/Replacement 20,116,733 7,550,008 2,120,520 22,237,253 12,768,198 4,058,462 18,178,791 502 Insurance 28,847,562 7,573,908 2,305,667 31,153,229 8,509,042 2,524,086 28,629,143 503 Information Services 11,064,176 10,115,375 2,660,578 13,724,754 15,649,667 5,775,542 7,949,212 504 Facilities 2,710,622 8,107,631 2,174,117 4,884,739 8,758,535 3,120,093 1,764,646 512 Insurance, Healthcare 10,253,712 17,682,747 6,953,636 17,207,348 18,309,773 6,792,326 10,415,022 522 Insurance, Leoff1 Retirees HC 20,485,326 320,000 660,828 21,146,154 2,133,181 676,307 20,469,847 FIDUCIARY FUNDS: 10,529,697 300,000 3,846,589 14,376,286 314,975 1,122,396 13,253,889 611 Firemens' Pension 10,529,697 300,000 148,483 10,678,180 314,975 82,790 10,595,389 630 Custodial Fund - - 3,698,106 3,698,106 - 1,039,606 2,658,500 TOTAL FUNDS 452,926,392 391,251,866 156,412,477 609,338,869 509,688,441 146,410,785 462,928,085