HomeMy WebLinkAboutQUARTER 1 2026Page 1 of 26
OVERVIEW
This quarterly financial report reflects the city’s revenue and expenditures/expenses for the fiscal year through March
31, 2026. A detailed analysis, including current to prior year and budget to actual comparison, is included for each city
fund. This report excludes the city’s fiduciary funds, as these funds are held on behalf of others and are not available
for city use. Budget figures shown reflect amounts authorized in ORD 6192, which includes the carry forward and 1st
quarter budget adjustment approved May 4, 2026.
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 YTD revenues and expenditures for the General Fund, including
comparison to prior year, comparison to YTD budget amounts, and percentage of annual budget. YTD budget amounts
are generally based on the collection/disbursement patterns for the same period of the preceding two (2) years, with
the following exceptions: property tax revenue budgets are based on the collection patterns over the preceding four (4)
years and sales tax revenue budgets are based on the collection patterns over the preceding five (5) years.
General Fund
YTD
Prior Year YTD YTD Budget % BUDGET
REVENUES
Taxes 22,293,756$ 122,140,000$ 22,628,824$ 25,393,277$ 3,099,521$ 2,764,453$ 20.79%
Licenses & Permits 2,445,686 5,765,000 1,909,195 2,197,579 (248,107)$ 288,384 38.12%
Intergovernmental 1,218,039 4,717,852 1,414,867 1,114,837 (103,202)$ (300,030) 23.63%
Charges for Services 3,234,075 11,356,070 2,901,485 3,263,147 29,072$ 361,662 28.73%
Fines and Penalties 757,831 2,715,000 638,887 668,387 (89,444)$ 29,500 24.62%
Miscellaneous 1,814,783 3,121,000 874,382 1,690,043 (124,740)$ 815,661 54.15%
Other Financing Sources (Transfer-In, etc) 11,316 947,000 947,000 11,429 113$ (935,571) 1.21%
TOTAL REVENUES 31,775,486 150,761,922 31,314,640 34,338,699 2,563,213 3,024,059 22.78%
EXPENDITURESCity Attorney 838,789 4,443,168 1,098,467 990,886 (152,097) 107,581 22.30%
Community and Economic Development 3,266,290 16,762,139 4,102,932 3,620,699 (354,409) 482,233 21.60%
Council 202,606 891,958 228,756 215,931 (13,325) 12,825 24.21%
Court Services 874,856 3,992,583 997,639 850,402 24,454 147,237 21.30%
Executive Services 2,103,285 9,353,103 2,356,645 2,566,836 (463,551) (210,191) 27.44%
Finance 1,242,146 8,256,350 1,821,383 1,426,958 (184,812) 394,425 17.28%
Human Resources 525,279 2,852,539 683,178 531,436 (6,157) 151,742 18.63%
Parks and Recreation 3,773,666 21,739,216 4,780,467 4,384,313 (610,647) 396,154 20.17%
Police 13,862,343 58,137,369 14,391,553 14,367,955 (505,612) 23,598 24.71%
Public Works 4,397,587 21,172,429 5,905,456 5,498,413 (1,100,826) 407,043 25.97%
Other Non-Departmental 408,196 15,423,246 1,519,138 406,495 1,701 1,112,643 2.64%
TOTAL EXPENDITURES 31,495,043 163,024,100 37,885,614 34,860,324 (3,365,281) 3,025,290 21.38%
Change in Fund Balance 280,443 (12,262,178) (6,570,974) (521,625)
Beginning Fund Balance 115,968,224 117,351,219 117,351,219 117,351,219
ENDING FUND BALANCE 116,248,667$ 105,089,041$ 110,780,245$ 116,829,594$
Operating Reserve 17,346,914 22,062,892 22,062,892 22,062,892
Economic Development Reserve 2,500,000 2,500,000 2,500,000 2,500,000
AVAILABLE FUND BALANCE 96,401,753$ 80,526,149$ 86,217,353$ 92,266,702$
Favorable (Unfavorable)
2025 2026 Variance
YTD Actual Annual Budget YTD Budget YTD Actual
Summary of Sources and Uses
Quarterly Financial Report 1st Quarter 2026
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 2 of 26
GENERAL FUND REVENUES
The following tables provide a more detailed summary of each revenue category within the General Fund. All variances
are shown in a favorable/(unfavorable) format.
TAXES
Tax revenues in general are trending higher than budgeted figures, largely due to better than projected categories of
sales tax, B&O tax and utility taxes. Although some tax categories are lower than the prior year figure, a slight decrease
in tax collections was expected when setting the budget due to concerns over the economy.
Property taxes: Property tax collections by King County are lower than prior year and YTD budget largely due to timing of
payments and payments for delinquent accounts. With the largest payments received in April and October, this tax will
continue to be monitored closely.
Local Retail Sales Tax – Sales taxes are 9 % over budget and 7.8% higher than prior year. The higher than anticipated
tax revenues are due to several reasons.
The first quarter includes the months of November through January, in which typically there is a larger
increase in holiday spending.
There was a one-time use tax payment of $175K on equipment purchased by one taxpayer; this will not be
ongoing.
New legislation effective October 2025, which now requires certain services previously not subject to sales
tax to now be treated as a retail sale. Our budgeted revenues forecast did not include projections for the new
legislation.
Criminal Justice Sales Tax – The city passed house bill 2015 last fall increasing the sales tax by 0.1% for public safety
funding. The tax rate increase was effective January 2026, with the first payment receipted in March, adding $370K from
public safety sales tax.
Utility Tax – The increase in utility tax is most notably from an increase in electricity utility tax at an increase of 16%
over prior year, although this category includes all utilities including city water utilities, garbage, cable and phone. The
increase in utility tax from electricity has been trending higher each year due to higher rates and customer usage.
Gambling Excise Tax – Current year revenue is trending lower than in prior year due to the closure of a large gambling
establishment in early 2025. Expected annual decrease due to this closure will be an overall reduction of $650K per
year, and the projected budget has been adjusted accordingly.
Business and Occupation (B&O) Tax –Quarter 1 2026 reflects taxes due for the 4th quarter of 2025. With the change
to the B&O tax structure, those businesses that had previously reached the maximum tax amount any one taxpayer
would pay annually in prior quarters, now pay B&O tax on their full gross receipts, with a discounted rate of 75% for all
taxes due over a $12M tax base.
2025 2026 2026
Actual Budget Actual $ % $ %
Property Tax 1,213,229 1,202,499 1,108,568 (104,661) -8.6% (93,931) -7.8%
Local Retail Sales Tax 9,263,650 9,162,883 9,985,567 721,917 7.8% 822,684 9.0%
State Sales Tax Credit 58,083 57,622 54,230 (3,853) -6.6% (3,392) -5.9%
Criminal Justice Sales Tax 983,688 1,787,922 1,424,008 440,320 44.8%(363,914) -20.4%
Natural Gas Use Tax 72,141 75,681 63,825 (8,316) -11.5% (11,856) -15.7%
Admission Tax 240,035 239,070 211,178 (28,857) -12.0% (27,892) -11.7%
Utility Tax 5,575,647 5,407,838 5,934,213 358,566 6.4% 526,375 9.7%
Leasehold Excise Tax 44,986 52,267 58,656 13,670 30.4% 6,389 12.2%
Gambling Excise Tax 889,672 682,355 799,151 (90,521) -10.2%116,796 17.1%
B&O Tax 3,952,625 3,960,688 5,753,881 1,801,256 45.6% 1,793,193 45.3%
YTD Total 22,293,756$ 22,628,824$ 25,393,277$ 3,099,521$ 13.9% 2,764,453$ 12.2%
Taxes by Type
Revenue
2026 vs. 2025 2026 vs. Budget
Year to Date through March
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 3 of 26
LICENSES & PERMITS
Building Permits –Building permits are collected upon permit issuance. The number of permits issued is comparable
to the prior year, however the prior year included several large projects that had higher permit cost overall. As the
interest rates continue to go down, the expectation is for the investment in housing and construction sectors to grow.
INTERGOVERNMENTAL
State Shared Revenue – State shared revenue is comprised on various taxes collected by the state and then passed
onto the city. Below is a summary of the individual taxes received. In the prior year, the city received additional taxes
for criminal justice which is distributed to certain cities with increased crime rates and population, of which the city is
no longer eligible to receive this year. All other taxes are trending similar to prior year except for fuel taxes, which had
a significant tax rate increase in the summer of 2025.
Federal/State/Local Grants – Federal/State/Local grant revenue varies significantly from year-to-year based on
volume of grant awards procured, timing of grant expenditures, and reimbursement of related expenditures. Grant
revenue is budgeted at 100% of award at the time the grant agreement is executed, sometimes resulting in a budget
variance due to reimbursement of grant expenditures occurring in a future year. Any grant revenue not received in award
year is carried forward each year until the grant funds are fully received or the grant agreement expires.
CHARGES FOR SERVICES
2025 2026 2026
Actual Budget Actual $ % $ %
Franchise Fees 287,838 328,524 296,998 9,159 3.2%(31,525) -9.6%
Business Licenses 833,613 742,499 834,621 1,007 0.1% 92,122 12.4%
Animal Licenses 13,550 16,033 12,010 (1,540) -11.4% (4,023) -25.1%
Building Permits 1,304,189 813,638 1,049,231 (254,958) -19.5%235,593 29.0%
ROW/Street Excavation Permits 6,495 8,502 4,805 (1,690) -26.0% (3,697) -43.5%
Special Event Permits - - (85) (85) 100.0%(85) 100.0%
YTD Total 2,445,686$ 1,909,195$ 2,197,579$ (248,107)$ -10.1%288,385$ 15.1%
Year to Date through March
Revenue
2026 vs. 2025 2026 vs. Budget
Licenses & Permits by Type
2025 2026 2026
Actual Budget Actual $ % $ %
State Shared Revenue 985,251 935,263$ 984,020 (1,231)$ -0.1%48,757$ 5.2%
Federal Grants 64,151 242,396 37,405 (26,746) -41.7% (204,991) -84.6%
State Grants 97,636 97,815 29,314 (68,322) -70.0% (68,501) -70.0%
Local Grants 71,001 139,393 64,098 (6,903) -9.7% (75,295) -54.0%
YTD Total 1,218,039$ 1,414,867$ 1,114,837$ (103,202)$ -8.5% (300,030)$ -21.2%
Intergovernmental by Type
Revenue
2026 vs. 2025 2026 vs. Budget
Year to Date through March
2025 2026 2026
Tax by Type YTD Actual YTD Budget YTD Actual $ % $ %
Judicial Contribution 11,195$ 6,250$ 10,637$ (558)$ N/A 4,387$ 70.2%
Crim Just - High Crime 90,622 - - (90,622) N/A - N/A
Crim Just - Pop 10,615 6,045 11,317 702 6.6% 5,272 87.2%
Crim Just - Spec Prog 37,220 24,230 39,530 2,310 6.2% 15,300 63.1%
WASPC Legislative - - - - N/A - N/A
State DUI 2,306 2,762 3,177 871 37.8% 415 15.0%
Marijuana Distribution 67,713 68,210 63,374 (4,339) -6.4% (4,836) -7.1%
Liquor Profits 202,785 200,004 202,102 (683) -0.3%2,098 1.0%
Liquor Excise Tax 173,723 183,829 164,200 (9,523) 94.5%(19,629) -10.7%
Fuel Tax 389,072 443,933 489,683 100,611 25.9% 45,750 10.3%
YTD Total 985,251$ 935,263$ 984,020$ (1,231)$ -0.1%48,757$ 5.2%
2026 vs. 2025 2026 vs. Budget
2025 2026 2026
Actual Budget Actual $ % $ %
Passport Fees 2,520 3,301 - (2,520) 0.0%(3,301) 0.0%
Court Services 20,584 59,825 15,418 (5,165) -25.1% (44,406) -74.2%
General Government Services 10 - 195 185 1846.1% 195 100.0%
Public Safety Services 358,676 106,892 242,791 (115,885) -32.3%135,899 127.1%
Development Services 731,979 550,840 815,707 83,728 11.4% 264,867 48.1%
Transportation Services 9,565 - 49,889 40,323 421.6% 49,888 100.0%
Social Services 37 - 801 764 2039.4% 801 100.0%
Parks and Recreation Fees 221,461 223,323 211,424 (10,037) -4.5% (11,899) -5.3%
Interfund Services 1,889,242 1,957,304 1,926,922 37,680 2.0%(30,382) -1.6%
YTD Total 3,234,075$ 2,901,485$ 3,263,147$ 29,072$ 0.9% 361,662$ 12.5%
Year to Date through March
Charges for Services by Type
Revenue
2026 vs. 2025 2026 vs. Budget
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 4 of 26
Public Safety Services – This category includes police private security services; of which the prior year includes a one
time increase for private security services at a local business. This agreement did not carryover to the current year.
Development Services –The increase over budget is due to building and construction plan review and approval fees
for projects taking place in the city by external companies. These fees like building permits have increased over the
past several years after a sharp decline in 2023, signalling recovering in the construction sectors.
FINES AND PENALTIES
Photo Enforcement Program – The number of infractions issued for school zone infractions and red-light cameras has
decreased steadily by 20% annually. This year however, the decline is even greater at a 32% decrease in the number
of infractions issued with the largest decreases of infractions issued are from red light cameras at Puget Drive, Talbot,
Park Ave and Logan Ave.
MISCELLANEOUS REVENUES
Interest and Other Investment Earnings – Investment earnings are highly influenced by the federal funds rate as a
large amount of the city’s investments are maintained within the Local Government Investment Pool (LGIP). The LGIP
maintains a high level of liquidity and will closely track with the federal funds rate as it decreases or increases; the city
holds roughly 54% of the total cash and investments for the city in the LGIP. The LGIP rate decreased slightly at the
end of the year from an average of 4.4% at the beginning of 2025 to the current average of 4.3%.
Rents, Leases and Concessions – Decrease in overall rental income for the current year was due to several changes
in leases for city properties. Changes include the elimination of the pavilion lease as construction on the building for
the new Renton market began at the end of the prior year and the reduction of the space leased by the school at 200
Mill was reduced this school year decreasing their footprint and space needed.
OTHER FINANCING SOURCES
2025 2026 2026
Actual Budget Actual $ % $ %
Civil Penalties 57,108$ 46,620$ 82,341$ 25,233$ 44.2% 35,721$ 76.6%
Photo Enforcement Program 550,716 551,301 457,584 (93,132) -16.9% (93,717) -17.0%
Criminal Traffic Misdemeanor Fines 1,378 5,253 2,691 1,314 95.4%(2,562) -48.8%
Criminal Non-Traffic Fines 183 122 7,178 6,995 3826.9% 7,056 5786.7%
Criminal Costs 2,530 4,830 2,538 7 0.3%(2,293) -47.5%
Non-Court Fines, Forfeitures and Penalties 145,916 30,760 116,055 (29,861) -20.5%85,295 277.3%
YTD Total 757,831$ 638,887$ 668,387$ (89,444)$ -11.8%29,500$ 4.6%
Year to Date through March
Revenue
2026 vs. 2025 2026 vs. Budget
Fines and Penalties by Type
2025 2026 2026
Actual Budget Actual $ % $ %
Interest and Other Investment Earnings 1,175,045$ 377,002$ 1,152,376$ (22,669)$ -1.9%775,374$ 205.7%
Rents, Leases, and Concessions 554,080 447,507 434,233 (119,847) -21.6% (13,274) -3.0%
Contributions/Donations from Private Sources 3,278 1,979 17,975 14,697 448.4% 15,996 808.3%
Other 82,380 47,894 85,459 3,079 3.7% 37,565 78.4%
YTD Total 1,814,783$ 874,382$ 1,690,043$ (124,741)$ -6.9%815,661$ 93.3%
Year to Date through March
Revenue
2026 vs. 2025 2026 vs. Budget
Miscellaneous by Type
2025 2026 2026
Actual Budget Actual $ % $ %
Transfers from Other Funds -$ 900,000$ -$ - N/A (900,000) 0.0%
Interfund Loan Payment Received 11,316 47,000 11,429 113 1.0%(35,571) -75.7%
Insurance Recoveries - - - - N/A - N/A
YTD Total 11,316$ 947,000$ 11,429$ 113$ 1.0%(935,571)$ -98.8%
Year to Date through March
Other Financing Sources by Type
Revenue
2026 vs. 2025 2026 vs. Budget
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 5 of 26
GENERAL FUND EXPENDITURES
The following table summarizes expenditures by category for each department within the General Fund.
Personnel – Personnel costs are budgeted at 100% of the position cost each year, resulting in a budget variance if
positions remain open for any part of the year. The increase in personnel costs over prior year is due to the adjustments
made for contracts which were approximately 4% and due to market adjustments for non represented staff based on
a recent salary study.
Contracted Services - These costs are typically cyclical in nature and/or are related large projects or projects funded
by grants where the timing of costs may vary.
General Fund
Summary of Uses 2025
Year to Date through March YTD Actual YTD Budget YTD Actual $%$%
Personnel 19,963,723$ 24,106,312$ 21,535,291$ (1,571,568)$ -7.9%2,571,021$ 10.7%
Supplies 448,189 446,033 454,735 (6,546) -1.5% (8,702) -2.0%
Contracted Services 5,374,199 6,633,314 6,163,842 (789,643) -14.7%469,472 7.1%
Capital Outlay 17,355 904,270 910,770 (893,415) -5147.9% (6,500) -0.7%
Internal Services 5,665,959 5,795,685 5,795,686 (129,727) -2.3% (1) 0.0%
Transfers Out 25,618 - - 25,618 100.0% - 0.0%
Total Expenditures 31,495,043 37,885,614 34,860,324 (3,365,281) -10.7% 3,025,290 8.0%
Annual Total 157,144,594 163,024,090
2026 2026 vs. 2025 2026 vs. Budget
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 6 of 26
DEBT SERVICE FUNDS
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. YTD budgets are not prepared for debt service funds. Detailed
explanations will be provided for material annual budget differences at year-end.
GENERAL GOVERNMENTAL MISCELLANEOUS DEBT FUND
The General Governmental Miscellaneous Debt Fund is the only debt service fund maintained by the city.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental -$ 20,000$ 9,702$ 9,702$ (10,298)$ 48.51%
Investment Earnings 52,436 - 48,851 (3,585) 48,851 N/A
TOTAL REVENUES 52,436 20,000 58,553 6,117 38,553 292.77%
EXPENDITURES:
Principal - 2,150,000 - - 2,150,000 0.00%
Interest 13,846 791,644 10,455 3,391 781,189 1.32%
TOTAL EXPENDITURES 13,846 2,941,644 10,455 3,391 2,931,189 0.36%
Transfers In - 2,923,075 - - (2,923,075) 0.00%
NET TRANSFERS - 2,923,075 - - (2,923,075) 0.00%
CHANGE IN FUND BALANCE 38,590 1,431 48,098 9,508 46,667 3361.15%
BEGINNING FUND BALANCE, Jan 1 5,812,247 6,009,893 6,009,893 197,646 - 100.00%
ENDING FUND BALANCE, Mar 31 5,850,837$ 6,011,324$ 6,057,991$ 207,154$ 46,667$ 100.78%
Debt Service Reserve 2,706,325 2,704,675 2,704,675
AVAILABLE FUND BALANCE 3,144,512$ 3,306,649$ 3,353,316$
VARIANCE
FAVORABLE (UNFAVORABLE)
GENERAL GOVERNMENTAL MISCELLANEOUS DEBT
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 7 of 26
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. YTD budgets are not prepared for special revenue funds. Detailed explanations will be provided for
material annual budget differences at year-end.
Hotel/Motel Fund
The Hotel/Motel Fund accounts for monies collected through an increase of 1% in hotel/motel taxes for the purpose of
increasing tourism in the City of Renton, as authorized under RCW 67.28.180. The Lodging Tax Advisory Committee
solicits applications for awards and brings their recommendations to Council for approval at least once per year.
Awards for events are paid to applicants at the conclusion of the event once certain reporting requirements have been
met.
Cable Communications Fund
The Cable Communications Fund accounts for funding for promotion and development of cable communications as
established by city ordinance. The main use of the fund is to support the broadcasting of City Council meetings on
Channel 21.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Taxes 74,971$ 350,000$ 108,031$ 33,060$ (241,969)$ 30.87%
Contributions - 5,000 - - (5,000) 0.00%
Investment Earnings 11,063 - 10,619 (444) 10,619 N/A
TOTAL REVENUES 86,034 355,000 118,650 32,616 (236,350) 33.42%
EXPENDITURES:
Contracted Services 22,500 1,004,091 13,600 8,900 990,491 1.35%
TOTAL EXPENDITURES 22,500 1,004,091 13,600 8,900 990,491 1.35%
CHANGE IN FUND BALANCE 63,534 (649,091) 105,050 41,516 754,141 -16.18%
BEGINNING FUND BALANCE, Jan 1 1,184,977 1,239,409 1,239,409 54,432 - 104.59%
ENDING FUND BALANCE, Mar 31 1,248,511$ 590,318$ 1,344,459$ 95,948$ 754,141$ 107.68%
VARIANCE
FAVORABLE (UNFAVORABLE)
HOTEL/MOTEL
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Licenses and permits 10,576$ 60,000$ 9,010$ (1,566)$ (50,990)$ 15.02%
Investment Earnings 3,418 - 3,481 63 3,481 N/A
TOTAL REVENUES 13,994 60,000 12,491 (1,503) (47,509) 20.82%
EXPENDITURES:
Supplies - - 67 67 (67) N/A
Contracted Services 7,500 - - (7,500) - N/A
Capital Outlay - 40,000 - - 40,000 0.00%
TOTAL EXPENDITURES 7,500 40,000 67 (7,433) 39,933 0.17%
CHANGE IN FUND BALANCE 6,494 20,000 12,424 5,930 (7,576) 62.12%
BEGINNING FUND BALANCE, Jan 1 372,210 425,167 425,167 52,957 - 100.00%
ENDING FUND BALANCE, Mar 31 378,704$ 445,167$ 437,591$ 58,887$ (7,576)$ 98.30%
CABLE COMMUNICATIONS
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 8 of 26
Housing & Supportive Services
In accordance with HB 1590, the City Council passed ORD 5983 authorizing an additional 0.1% sales and use tax,
effective January 1, 2021. The additional sales and use tax is restricted for housing and related services, in accordance
with RCW 82.14.530.
Contracted Services – The City entered a new two-year contract with the Renton School District to support a Renton
Student Health Hub that began in Q4 2024. The payments for the project are based on completion of project phases,
which is to continue through 2026. Additionally, council approved $1.4M dedicated to two supportive housing projects;
these costs have yet to be incurred.
Springbrook Wetlands Fund
The Springbrook Wetlands Fund was established in 2007 for the purpose of providing accounting for the Springbrook
Creek Wetland and Habitat Mitigation Bank project. The proceeds of selling wetlands credits will be used to fund the
ongoing maintenance of the wetland in perpetuity.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Taxes 1,088,697$ 4,000,000$ 1,175,172$ 86,475$ (2,824,828)$ 29.38%
Investment Earnings 142,287 30,000 133,155 (9,132) 103,155 443.85%
TOTAL REVENUES 1,230,984 4,030,000 1,308,327 77,343 (2,721,673) 32.46%
EXPENDITURES:
Contracted Services 180,365 3,827,427 337,981 157,616 3,489,446 8.83%
TOTAL EXPENDITURES 180,365 3,827,427 337,981 157,616 3,489,446 8.83%
Transfers Out - (800,000) - - - N/A
NET TRANSFERS - (800,000) - - - N/A
CHANGE IN FUND BALANCE 1,050,619 (597,427) 970,346 (80,273) 1,567,773 N/A
BEGINNING FUND BALANCE, Jan 1 15,430,639 15,888,693 15,888,693 458,054 - 100.00%
ENDING FUND BALANCE, Mar 31 16,481,258$ 15,291,266$ 16,859,039$ 377,781$ 1,567,773$ 110.25%
HOUSING & SUPPORTIVE SERVICES
VARIANCE
FAVORABLE (UNFAVORABLE)
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental 4,256$ -$ -$ (4,256)$ -$ N/A
Investment Earnings 6,538 - 5,906 (632) 5,906 N/A
TOTAL REVENUES 10,794 - 5,906 (4,888) 5,906 N/A
EXPENDITURES:
Personnel 1,894 - 2,029 (135) (2,029) N/A
Contracted Services 901 100,000 86 815 99,914 0.09%
TOTAL EXPENDITURES 2,796 100,000 2,115 680 97,885 2.12%
CHANGE IN FUND BALANCE 7,998 (100,000) 3,791 (4,208) 103,791 N/A
BEGINNING FUND BALANCE, Jan 1 722,963 725,678 725,678 2,715 - 100.00%
ENDING FUND BALANCE, Mar 31 730,961$ 625,678$ 729,469$ (1,493)$ 103,791$ 116.59%
SPRINGBROOK WETLANDS
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 9 of 26
Police Seizure Funds
The Police Seizure and CSAM Funds were established for the purpose of providing transparency in the accounting for
assets seized by Police in accordance with RCW 9A.83.030, RCW 9A.88.150 and 69.50.505. These seizure funds are
restricted to use exclusively for the expansion and improvement of controlled substances-related law enforcement
activity, or for provisions of chapter 9A.88 RCW, Indecent Exposure-Prostitution, or chapter 9.68A RCW, Sexual
Exploitation of Children. The total fund balance remaining at the end of the year is budgeted in full the following year in
the supplies line item and contracted services line item for CSAM.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Contributions 39,868$ -$ 208,629$ 168,761$ 208,629$ N/A
Investment Earnings 7,029 - 4,340 (2,689) 4,340 N/A
TOTAL REVENUES 46,897 - 212,969 166,072 212,969 N/A
EXPENDITURES:
Supplies 29,175 536,122 3,230 (25,945) 532,892 0.60%
Contracted Services 2,310 - 14,875 12,565 (14,875) N/A
Capital Outlay 10,672 - 45,795 35,123 (45,795) N/A
TOTAL EXPENDITURES 42,157 536,122 63,900 21,743 472,222 11.92%
CHANGE IN FUND BALANCE 4,740 (536,122) 149,069 144,329 685,191 N/A
BEGINNING FUND BALANCE, Jan 1 790,432 536,122 536,122 (254,310) - 100.00%
ENDING FUND BALANCE, Mar 31 795,172$ -$ 685,191$ (109,981)$ 685,191$ N/A
POLICE SEIZURE
VARIANCE
FAVORABLE (UNFAVORABLE)
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Investment Earnings 1,203 - 1,088 (115) 1,088 N/A
TOTAL REVENUES 1,203 - 1,088 (115) 1,088 N/A
EXPENDITURES:
Supplies 271 - - (271) - N/A
Contracted Services 390 133,966 - (390) 133,966 0.00%
TOTAL EXPENDITURES 661 133,966 - (661) 133,966 0.00%
CHANGE IN FUND BALANCE 542 (133,966) 1,088 546 135,054 N/A
BEGINNING FUND BALANCE, Jan 1 132,667 133,966 133,966 1,299 - 100.00%
ENDING FUND BALANCE, Mar 31 133,209$ -$ 135,054$ 1,845$ 135,054$ N/A
POLICE CSAM SEIZURE
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 10 of 26
Affordable Housing Development Fund
The Affordable Housing Development Fund was created in 2024, per ordinance 6137. The city expanded its current
affordable housing program under RMC-4-9-065 to allow receipt of additional payment from developers who prefer to
contribute financially towards the development of low-income housing rather than incorporate such housing within
developments.
Fire Impact Mitigation Fund
This fund accounts for fire impact fees collected from developers as authorized under RCW 82.02.050-.110. These
fees are used to offset the cost of system improvements necessary to serve the new development. The impact fee
collections are subsequently disbursed to the Renton Regional Fire Authority for use on qualifying capital projects.
School District Impact Mitigation
This fund accounts for school district impact fees collected from developers as authorized by RCW 82.02.050-.110.
These fees are used to help offset the cost of improvements to service the new development. Impact fees are held in
this fund and subsequently transferred to the Kent, Issaquah, or Renton School District for qualifying capital projects.
202520262026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Investment Earnings 2,611$ -$ 2,469$ (142)$ 2,469$ N/A
TOTAL REVENUES 2,611 - 2,469 (142) 2,469 N/A
EXPENDITURES:
TOTAL EXPENDITURES - - - - - N/A
CHANGE IN FUND BALANCE 2,611 - 2,469 (142) 2,469 N/A
BEGINNING FUND BALANCE, Jan 1 292,923 303,609 303,609 10,686 - 100.00%
ENDING FUND BALANCE, Mar 31 295,534$ 303,609$ 306,078$ 10,544$ 2,469$ 100.81%
AFFORDABLE HOUSING DEVELOPMENT
VARIANCE
FAVORABLE (UNFAVORABLE)
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 11,351$ 200,000$ 40,985$ 29,634$ (159,016)$ 20.49%
TOTAL REVENUES 11,351 200,000 40,985 29,634 (159,016) 20.49%
EXPENDITURES:
Contracted Services 12,152 200,000 36,518 24,366 163,482 18.26%
TOTAL EXPENDITURES 12,152 200,000 36,518 24,366 163,482 18.26%
CHANGE IN FUND BALANCE (801) - 4,467 5,268 4,467 N/A
BEGINNING FUND BALANCE, Jan 1 2,490 - - (2,490) - N/A
ENDING FUND BALANCE, Mar 31 1,689$ -$ 4,467$ 2,778$ 4,467$ N/A
FIRE IMPACT MITIGATION
VARIANCE
FAVORABLE (UNFAVORABLE)
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 36,250$ 10,000$ -$ (36,250)$ (10,000)$ 0.00%
Investment Earnings 382 - - (382) - N/A
TOTAL REVENUES 36,631 10,000 - (36,631) (10,000) 0.00%
EXPENDITURES:
Contracted Services 30,671 10,000 - (30,671) 10,000 0.00%
TOTAL EXPENDITURES 30,671 10,000 - (30,671) 10,000 0.00%
CHANGE IN FUND BALANCE 5,960 - - (5,960) - N/A
BEGINNING FUND BALANCE, Jan 1 2,367 - - (2,367) - N/A
ENDING FUND BALANCE, Mar 31 8,327$ -$ -$ (8,327)$ -$ N/A
SCHOOL DISTRICT IMPACT MITIGATION
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 11 of 26
CAPITAL PROJECT FUNDS
Capital project funds are used to account for the acquisition and construction of major capital facilities and equipment.
YTD budgets are not prepared for capital project funds. Project budgets are adopted when funding is secured, and
balances are carried forward each year until they are either 1) fully spent or 2) reallocated to another project through
the budget adjustment process. Detailed explanations will be provided for material differences between prior year and
or budgeted amounts.
Community Services Impact Mitigation Fund
This fund accounts for park impact fees collected from developers as authorized under RCW 82.02.050-.110. These
fees are used to help offset the cost of improvements to service the new development. Impact fees are held in this fund
and subsequently transferred to the Municipal Facilities CIP Fund when qualifying capital projects are budgeted.
Transportation Impact Mitigation Fund
This fund accounts for transportation impact fees collected from developers as authorized under RCW 82.02.050-.110.
These fees are used to offset the cost of system improvements necessary to serve the new development. Impact fees
are held in this fund and subsequently transferred to the Capital Improvement Fund when qualifying projects are
budgeted.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 81,911$ 100,000$ 119,218$ 37,307$ 19,218$ 119.22%
Investment Earnings 3,584 - 4,510 926 4,510 N/A
TOTAL REVENUES 85,495 100,000 123,728 38,233 23,728 123.73%
EXPENDITURES:
TOTAL EXPENDITURES - - - - - N/A
CHANGE IN FUND BALANCE 85,495 100,000 123,728 38,233 23,728 123.73%
BEGINNING FUND BALANCE, Jan 1 359,743 488,507 488,507 128,764 - 100.00%
ENDING FUND BALANCE, Mar 31 445,238$ 588,507$ 612,235$ 166,997$ 23,728$ 104.03%
COMMUNITY SERVICES IMPACT MITIGATION
VARIANCE
FAVORABLE (UNFAVORABLE)
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 711,198$ 1,000,000$ 408,221$ (302,976)$ (591,779)$ 40.82%
Investment Earnings 34,754 - 113,715 78,961 113,715 N/A
TOTAL REVENUES 745,952 1,000,000 521,936 (224,015) (478,064) 52.19%
EXPENDITURES:
TOTAL EXPENDITURES - - - - - N/A
Transfers Out - (3,896,632) - - (3,896,632) 0.00%
NET TRANSFERS - (3,896,632) - - (3,896,632) 0.00%
CHANGE IN FUND BALANCE 745,952 (2,896,632) 521,936 (224,016) 3,418,568 N/A
BEGINNING FUND BALANCE, Jan 1 3,613,321 13,744,981 13,744,981 10,131,660 - 100.00%
ENDING FUND BALANCE, Mar 31 4,359,273$ 10,848,349$ 14,266,917$ 9,907,644$ 3,418,568$ 131.51%
TRANSPORTATION IMPACT MITIGATION
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 12 of 26
REET 1 and REET 2 Funds
These funds were established in the 2nd quarter of 2020 to account for the first and second quarter percent of real estate
excise tax (REET) levied in accordance with RCW 82.46.010 and RCW 82.46.035. The tax may be used for eligible capital
projects, as defined in RCW.82.46.010(6) or RCW.82.46.035(5), that are included in the capital facilities element of the
city’s comprehensive plan. REET tax revenues are held in the respective fund and subsequently transferred to the
appropriate capital project fund when qualifying projects are budgeted.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Taxes 489,521$ 2,500,000$ 453,627$ (35,894)$ (2,046,373)$ 18.15%
Investment Earnings 46,611 20,000 9,776 (36,835) (10,224) 48.88%
TOTAL REVENUES 536,132 2,520,000 463,403 (72,729) (2,056,597) 18.39%
EXPENDITURES:
TOTAL EXPENDITURES - - - - - N/A
Transfers Out - (900,000) - - (900,000) 0.00%
NET TRANSFERS - (900,000) - - 900,000 0.00%
CHANGE IN FUND BALANCE 536,132 1,620,000 463,403 (72,729) (1,156,597) 28.61%
BEGINNING FUND BALANCE, Jan 1 5,060,894 1,132,197 1,132,197 (3,928,697) - 100.00%
ENDING FUND BALANCE, Mar 31 5,597,026$ 2,752,197$ 1,595,600$ (4,001,426)$ (1,156,597)$ 57.98%
REET 1
VARIANCE
FAVORABLE (UNFAVORABLE)
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Taxes 489,521$ 2,500,000$ 453,628$ (35,893)$ (2,046,372)$ 18.15%
Investment Earnings 22,259 20,000 17,282 (4,977) (2,718) 86.41%
TOTAL REVENUES 511,780 2,520,000 470,910 (40,870) (2,049,090) 18.69%
EXPENDITURES:
TOTAL EXPENDITURES - - - - - N/A
Transfers Out - (1,946,475) - - (1,946,475) 0.00%
NET TRANSFERS - (1,946,475) - - 1,946,475 0.00%
CHANGE IN FUND BALANCE 511,780 573,525 470,910 (40,870) (102,615) 82.11%
BEGINNING FUND BALANCE, Jan 1 2,312,665 2,044,125 2,044,125 (268,540) - 100.00%
ENDING FUND BALANCE, Mar 31 2,824,445$ 2,617,650$ 2,515,035$ (309,410)$ (102,615)$ 96.08%
REET 2
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 13 of 26
Municipal Facilities CIP Fund
This fund accounts for general governmental facility construction, improvement, and renovation; property acquisitions
for parks and city space needs; parks development and equipment; and major maintenance of existing general
governmental assets. Transportation capital improvements are accounted for in a separate fund.
Grants/Intergovernmental – Federal/State/Local grant revenue is budgeted at 100% of award at the time the grant
agreement is executed. The current year budget includes approximately $4.5M for improvements to the downtown
pavilion remodel, piazza and world cup square, all of which should be completed by early 2026. The other grants
include CDBG funding for senior center improvements currently in the planning phase, with construction planned for
early Summer 2026.
Project costs vary by project timeline and status. Below is a list of current budgeted projects and actual costs to
date:
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental -$ 8,501,303$ 2,870,687$ 2,870,687$ (5,630,616)$ 33.77%
Charges for services 5,500 - - (5,500) - N/A
Contributions - 247,228 - - (247,228) 0.00%
Investment Earnings 254,953 100,000 244,461 (10,492) 144,461 244.46%
TOTAL REVENUES 260,453 8,848,531 3,115,148 2,854,695 (5,733,383) 35.21%
EXPENDITURES:
Personnel 31,686 - 1,416 (30,270) (1,416) N/A
Supplies - 205,181 - - 205,181 0.00%
Contracted Services / Capital Outlay 530,161 41,642,035 4,334,866 3,804,705 37,307,169 10.41%
TOTAL EXPENDITURES 561,847 41,847,216 4,336,282 3,774,435 37,510,934 10.36%
Transfers In - 6,080,000 - - (6,080,000) 0.00%
NET TRANSFERS - 6,080,000 - - (6,080,000) 0.00%
CHANGE IN FUND BALANCE (301,394) (26,918,685) (1,221,134) (919,740) 25,697,551 4.54%
BEGINNING FUND BALANCE, Jan 1 28,180,515 29,511,410 29,511,410 1,330,895 - 100.00%
ENDING FUND BALANCE, Mar 31 27,879,121$ 2,592,725$ 28,290,276$ 411,155$ 25,697,551$ 1091.14%
MUNICIPAL FACILITIES CIP
VARIANCE
FAVORABLE (UNFAVORABLE)
PROJECT BUDGET ACTUAL PROJECT BUDGET ACTUAL
RENTON TRAIL CONNECTOR 81,946 - MAY CREEK TRAIL SOUTH 3,240,187 -
RENTON COMMUNITY CENTER 500,000 - CEDAR RIVER TRAILS FLOOD DISASTER 337,302 14,467
LOBBY REMODEL 2,843,600 9,728 MAPLEWOOD PLAYGROUND REPLACEMENT 25,000 -
PARK AVE MAINTENANCE FACILITY 534,192 539 LIBERTY SPORTS AND SKATE PARK 300,000 -
PAVILION REMODEL 4,473,753 1,458,453 CITY HALL TURF DRAINAGE 50,000 -
SENIOR CENTER IMPROVEMENTS 3,209,023 59,622 TALBOT SPORT COURT IMPROVEMENTS 59,497 4,867
ESCO FACILITIES ENERGY AUDIT PHASE 4 2,598,088 1,029,855 CLEVELAND RICHARDSON PARK 311,035 2,727
CITY HALL STRUCTURAL REPAIRS 200,000 84 MAY CREEK PARK 1,369,706 57,125
200 MILL MAJOR MAINTENANCE 460,000 1,197 PIAZZA PARK IMPROVEMENTS 1,053,741 371,555
HISTORICAL MUSEUM IMPROVEMENTS 295,000 24,975 HIGHLAND PARK PLAYGROUND 846,000 91,818
EV CHARGER INSTALLATIONS 193,182 6,957 SPRINGBROOK BOARDWALK 865,000 -
RENTON RESOURCE CENTER 800,000 - EARLINGTON PARK RENOVATION 300,000 -
HENRY MOSS AQUATIC CENTER 810,144 5,237 EDLUND-CARR RD PARK 425,000 -
PARKS RECREATION AND OPEN SPACE PLAN 10,541 6,170 WORLDCUP LEGACY SQUARE 2,342,649 1,039,986
REGIS PARK ATHLETIC FIELD EXPANSION 600,000 - COMPTON LUMBER LAND ACQUISITION 9,515,582 105,115
PATHWAY SIDEWALK PATIO BOARDWALK REPLACE 601,420 3,667 MAY CREEK FLOOD REPAIR 400,000 -
URBAN FORESTRY PROGRAM 205,181 420 SAM CHASTAIN TRAIL 485,000 -
COULON SWIM BEACH 440,746 11,124 99 BURNETT ACQUISITION 1,040,000 30,594
COULON - TRESTLE BRIDGE 24,702 -
MUNICIPAL FACILITIES CIP PROJECT BUDGETS as of 3/31/2025
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 14 of 26
Capital Improvement Fund
This fund accounts for the city’s transportation capital projects. Capital projects are budgeted in their entirety at the
inception of the project; funds are spent as the project progresses and may span over multiple years.
Grants/Intergovernmental – Federal/State/Local grant revenue is budgeted at 100% of award at the time the grant
agreement is executed. The current year budget includes $3M state grant for SW 43rd Street Improvement and $1.7M
for Oaksdale preservation project.
Project costs vary by project timeline and status. Below is a list of current budgeted projects and actual costs to
date:
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Taxes 1,075,680$ 3,500,000$ 1,160,997$ 85,318$ (2,339,003)$ 33.17%
Licenses and permits - - - - - N/A
Grants / intergovernmental 4,554,672 10,477,692 549,018 (4,005,654) (9,928,674) 5.24%
Charges for services - 90,000 - - (90,000) 0.00%
Contributions 1,156,257 302,937 - (1,156,257) (302,937) 0.00%
Investment Earnings 148,209 75,000 148,571 362 73,571 198.09%
TOTAL REVENUES 6,934,818 14,445,629 1,858,586 (5,076,231) (12,587,043) 12.87%
EXPENDITURES:
Personnel 61,343 194,349 106,030 44,687 88,319 54.56%
Supplies 6,965 - - (6,965) - N/A
Contracted Services / Capital Outlay 2,556,281 32,112,424 2,120,037 (436,244) 29,992,387 6.60%
TOTAL EXPENDITURES 2,624,589 32,306,773 2,226,067 (398,522) 30,080,706 6.89%
Transfers In - 5,107,632.00 - - (5,107,632) 0.00%
NET TRANSFERS - 5,107,632 - - (5,107,632) 0.00%
CHANGE IN FUND BALANCE 4,310,229 (12,753,512) (367,481) (4,677,710) 12,386,031 N/A
BEGINNING FUND BALANCE, Jan 1 14,132,445 17,319,641 17,319,641 3,187,196 - 100.00%
ENDING FUND BALANCE, Mar 31 18,442,674$ 4,566,129$ 16,952,160$ (1,490,514)$ 12,386,031$ 371.26%
CAPITAL IMPROVEMENT
VARIANCE
FAVORABLE (UNFAVORABLE)
PROJECT BUDGET ACTUAL PROJECT BUDGET ACTUAL
WALKWAY PGM 4,201,517 15,914 INTERSECT SAFETY & MOBILITY 905,565 -
ARTERIAL CIRCULATION PGM 103,613 27,717 NE 31ST ST BRIDGE REPLACEMENT 49,179 -
BRIDGE INSPECTION & REPAIR 269,349 16,945 N 27TH PL CULVERT SCOUR REPAIR 29,457 -
ROADWAY SAFETY & GUARDRAIL 120,848 - MAPLEWOOD SIDEWALK REHAB 1,319,520 346,240
I-405/44TH GATEWAY SIGNAGE-WSDOT 17,415 - 116TH SIDEWALK 1,057,681 18,271
I-405/44TH GATEWAY SIGNAGE 196,806 - HIGHLANDS TO LANDING 8,288 -
RENTON CONNECTOR 1,214,465 4,046 PRES OF TOD 208,177 -
OAKESDALE PRESERVATION 3,210,769 44,914 ARTERIAL REHAB - SW 43RD 6,498,828 17,487
SUNSET TRAIL 847,855 23,435 BRONSON BRIDGE 90,423 -
STREET OVERLAY PGM 2,654,998 16,089 HOUSER WAY N BRIDGE 983,621 62,375
CEDAR AVE SIDEWALK 107,000 4,531 WILLIAMS BRIDGE 1,118,272 23,596
TRAFFIC SAFETY PGM 1,900,825 31,039 TRAFFIC CALMING SPEED CUSHION 437,361 -
PROJ DEV & PRE-DESIGN 50,000 9,280 SOUND TRANSIT NE 44TH STREET 51,879 2,948
SO 7TH ST 170,834 156,252 RAINIER PHASE 5 499,000 -
ITS PGM 636,635 163 CITYWIDE VISION ZERO 453,698 23,100
PARK AVE EXTENSION 50,000 7,998 NE 31ST ST ROAD/EMBANK REPAIR 395,958 -
RAINIER AVE S/N PHASE 4 2,246,937 1,373,727 NE 24TH AND 16TH ST 200,000 -
CAPITAL IMPROVEMENT PROJECT BUDGETS as of 3/31/2026
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 15 of 26
ENTERPRISE FUNDS
Enterprise funds are used to account for operations that are financed and operated in a manner similar to private
business enterprises. YTD budgets are not prepared for Enterprise Funds. Detailed explanations will be provided for
material annual budget differences at year-end. Most Enterprise Funds maintain two separate “management funds”,
an operating fund and a capital fund. The funds are consolidated for budget/reporting purposes. Operating budgets
lapse at the end of the year. Project budgets are adopted when funding is secured, and balances are carried forward
each year until they are either 1) fully spent or 2) reallocated to another project through the budget adjustment process.
Airport Fund: This fund accounts for revenues and expenses for administration, debt service, operation, capital
improvements, and maintenance of the Renton Municipal Airport.
Grants/Intergovernmental – Federal/State/Local grant revenue is budgeted at 100% of award at the time the grant
agreement is executed. The current year budget includes $17.6M in federal grants for the Taxiway Alpha
Rehabilitation project.
Capital Outlay – The largest planned capital project for the airport is the rehabilitation of the Taxiway Alpha at over
$21M. This project is in the planning phase.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental -$ 470,184$ -$ -$ (470,184)$ 0.00%
Charges for services 1,431,906 4,776,789 1,307,287 (124,619) (3,469,502) 27.37%
Fines and penalties - - 1,000 1,000 1,000 N/A
Rents, leases, and misc fees - 122,641 - - (122,641) 0.00%
Interest and other misc 132,972 17,825,051 99,294 (33,678) (17,725,757) 0.56%
TOTAL REVENUES 1,564,878 23,194,665 1,407,581 (157,297) (21,787,084) 6.07%
EXPENSES:
Personnel 353,157 1,866,744 353,981 (824) 1,512,763 18.96%
Supplies 10,271 74,089 21,095 (10,824) 52,994 28.47%
Contracted Services 121,031 825,610 210,563 (89,532) 615,047 25.50%
Internal Services 138,824 563,629 140,907 (2,083) 422,722 25.00%
TOTAL OPERATING EXPENSES 623,283 3,330,072 726,546 (103,263) 2,603,526 21.82%
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND
TRANSFERS 941,595 19,864,593 681,035 (260,560) (19,183,558) 3.43%
CAPITAL OUTLAY 94,707 25,651,336 279,495 (184,788) 25,371,841 1.09%
CHANGE IN FUND BALANCE 846,888 (5,786,743) 401,540 (445,348) 6,188,283 N/A
BEGINNING FUND BALANCE, Jan 1 13,353,300 11,691,201 11,691,201 (1,662,099) - 100.00%
ENDING FUND BALANCE, Mar 31 14,200,188$ 5,904,458$ 12,092,741$ (2,107,447)$ 6,188,283$ 204.81%
Operating Reserve 287,557 297,346 297,346
AVAILABLE FUND BALANCE 13,912,631$ 5,607,112$ 11,795,395$
VARIANCE
FAVORABLE (UNFAVORABLE)
AIRPORT
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 16 of 26
Solid Waste Fund
This fund accounts for revenues and expenses for administration and operating of solid waste, recycling, and yard
waste collection services for the city.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental 69,886$ 289,558$ 90,594$ 20,708$ (198,964)$ 31.29%
Charges for services 7,085,448 28,212,815 7,582,793 497,345 (20,630,022) 26.88%
Interest and other misc 39,936 5,000 22,918 (17,018) 17,918 458.36%
TOTAL REVENUES 7,195,270 28,507,373 7,696,305 501,035 (20,811,068) 27.00%
EXPENSES:
Personnel 159,568 790,600 149,937 9,631 640,663 18.96%
Supplies 15,000 39,100 5,222 9,778 33,878 13.36%
Contracted Services 5,718,334 28,101,531 6,138,829 (420,495) 21,962,702 21.85%
Internal Services 158,036 649,387 162,347 (4,311) 487,040 25.00%
TOTAL OPERATING EXPENSES 6,050,938 29,580,618 6,456,335 (405,397) 23,124,283 21.83%
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND
TRANSFERS 1,144,332 (1,073,245) 1,239,970 95,638 2,313,215 N/A
CHANGE IN FUND BALANCE 1,144,332 (1,073,245) 1,239,970 95,638 2,313,215 N/A
BEGINNING FUND BALANCE, Jan 1 3,972,833 3,942,991 3,942,991 (29,842) - 100.00%
ENDING FUND BALANCE, Mar 31 5,117,165$ 2,869,746$ 5,182,961$ 65,796$ 2,313,215$ 180.61%
Operating Reserve 400,000 400,000 400,000
AVAILABLE FUND BALANCE 4,717,165$ 2,469,746$ 4,782,961$
SOLID WASTE
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 17 of 26
Golf Course Fund
This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and
maintenance of the Maplewood Golf Course. Budgeted transfers are typically recorded annually in December,
therefore, throughout the year transfers may show variances between current year budget and actuals.
Charges for Services – Charges for services are higher than prior year as in 2025 there were almost 2 weeks of
closures due to snow/weather related and renovations of the driving range.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Taxes 320$ -$ -$ (320)$ -$ N/A
Charges for services 256,713$ 3,541,425$ 503,435$ 246,722$ (3,037,990)$ 14.22%
Rents, leases, and misc fees 43,377 570,375 59,335 15,958 (511,040) 10.40%
Interest and other misc 26,157 1,370 28,161 2,004 26,791 2055.55%
TOTAL REVENUES 326,567 4,113,170 590,931 264,364 (3,522,239) 14.37%
EXPENSES:
Personnel 425,572 2,234,433 442,773 (17,201) 1,791,660 19.82%
Supplies 83,599 422,800 108,613 (25,014) 314,187 25.69%
Contracted Services 55,309 560,019 51,052 4,257 508,967 9.12%
Internal Services 158,671 651,507 162,877 (4,206) 488,630 25.00%
TOTAL OPERATING EXPENSES 723,151 3,868,759 765,315 (42,164) 3,103,444 19.78%
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND
TRANSFERS (396,584) 244,411 (174,384) 222,200 (418,795) -71.35%
DEBT SERVICE:
Principal 11,316 45,891 11,430 (114) 34,461 24.91%
Interest 238 326 124 114 202 38.04%
TOTAL DEBT SERVICE 11,554 46,217 11,554 - 34,663 25.00%
CAPITAL OUTLAY 173,287 917,114 92,561 80,726 824,553 10.09%
TRANSFERS IN 163,275 690,000 172,500 9,225 (517,500) 25.00%
TRANSFERS OUT (163,275) (690,000) (172,500) 9,225 (517,500) 25.00%
NET TRANSFERS - - - - - N/A
CHANGE IN FUND BALANCE (581,425) (718,920) (278,499) 302,926 440,421 N/A
BEGINNING FUND BALANCE, Jan 1 2,611,728 2,863,062 2,863,062 251,334 - 100.00%
ENDING FUND BALANCE, Mar 31 2,030,303$ 2,144,142$ 2,584,563$ 554,260$ 440,421$ 120.54%
Operating Reserve 998,353 1,060,123 1,060,123
AVAILABLE FUND BALANCE 1,031,950$ 1,084,019$ 1,524,440$
GOLF COURSE
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 18 of 26
Water Utility Fund
This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and
maintenance of the city’s water utility.
Supplies – Costs for supplies continues to increase more than projected due to higher inflation specifically on the cost
of chemicals for water quality and electricity costs.
Capital Outlay –Budget for capital outlay includes approximately $20M for the Highland reservoir replacement
currently in the planning stages and projected to be completed in 2028.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 4,026,335 19,750,375 4,290,150 263,815 (15,460,225) 21.72%
Rents, leases, and misc fees 40,411 136,591 45,170 4,759 (91,421) 33.07%
Interest and other misc 527,764 118,492 1,189,576 661,812 1,071,084 1003.93%
TOTAL REVENUES 4,594,510 20,005,458 5,524,896 930,386 (14,480,562) 27.62%
EXPENSES:
Personnel 1,268,085 6,320,464 1,289,267 (21,182) 5,031,197 20.40%
Supplies 232,906 888,189 283,913 (51,007) 604,276 31.97%
Contracted Services 751,969 4,888,120 859,133 (107,164) 4,028,987 17.58%
Internal Services 730,096 2,988,761 747,190 (17,094) 2,241,571 25.00%
TOTAL OPERATING EXPENSES 2,983,056 15,085,534 3,179,503 (196,447) 11,906,031 21.08%
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND
TRANSFERS 1,611,454 4,919,924 2,345,393 733,939 (2,574,531) 47.67%
DEBT SERVICE:
Principal - 1,326,850 - - 1,326,850 0.00%
Interest - 67,817 - - 67,817 0.00%
TOTAL DEBT SERVICE - 1,394,667 - - 1,394,667 0.00%
CAPITAL OUTLAY 2,465,440 32,794,513 288,170 2,177,270 32,506,343 0.88%
TRANSFERS OUT (27) (62,600) - (27) (62,600) N/A
NET TRANSFERS (27) (62,600) - 27 62,600 N/A
CHANGE IN FUND BALANCE (854,013) (29,331,856) 2,057,223 2,911,236 31,389,079 N/A
BEGINNING FUND BALANCE, Jan 1 56,673,940 57,840,533 57,840,533 1,166,593 - 100.00%
ENDING FUND BALANCE, Mar 31 55,819,927$ 28,508,677$ 59,897,756$ 4,077,829$ 31,389,079$ 210.10%
Restricted for Debt Service 1,394,051 1,394,051 1,394,051
Operating Reserve 3,157,328 1,909,027 1,909,027
AVAILABLE FUND BALANCE 51,268,548$ 25,205,599$ 56,594,678$
WATER UTILITY
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 19 of 26
Wastewater Utility Fund
This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and
maintenance of the city’s wastewater utility.
Capital Outlay –Budget for capital outlay includes approximately $6M for the Kennydale Lakeline sewer upgrade to be
completed in 2027.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Licenses and permits 16,025$ 62,422$ 20,900$ 4,875$ (41,522)$ 33.48%
Charges for services 3,153,200 12,905,891 3,312,747 159,547 (9,593,144) 25.67%
Interest and other misc 326,384 74,000 743,393 417,009 669,393 1004.59%
TOTAL REVENUES 3,495,609 13,042,313 4,077,040 581,431 (8,965,273) 31.26%
EXPENSES:
Personnel 715,678 3,368,570 727,338 (11,660) 2,641,232 21.59%
Supplies 23,074 74,991 15,384 7,690 59,607 20.51%
Contracted Services 626,655 2,849,153 690,301 (63,646) 2,158,852 24.23%
Internal Services 487,741 1,828,566 457,141 30,600 1,371,425 25.00%
TOTAL OPERATING EXPENSES 1,853,148 8,121,280 1,890,164 (37,016) 6,231,116 23.27%
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND
TRANSFERS 1,642,461 4,921,033 2,186,876 544,415 (2,734,157) 44.44%
DEBT SERVICE:
Principal - 630,850 - - 630,850 0.00%
Interest - 30,677 - - 30,677 0.00%
TOTAL DEBT SERVICE - 661,527 - - 661,527 0.00%
CAPITAL OUTLAY 424,790 10,237,143 1,328,417 (903,627) 8,908,726 12.98%
TRANSFERS OUT (27) (7,800) - (27) (7,800) N/A
NET TRANSFERS (27) (7,800) - 27 7,800 N/A
CHANGE IN FUND BALANCE 1,217,644 (5,985,437) 858,459 (359,185) 6,843,896 N/A
BEGINNING FUND BALANCE, Jan 1 27,706,297 28,172,052 28,172,052 465,755 - 100.00%
ENDING FUND BALANCE, Mar 31 28,923,941$ 22,186,615$ 29,030,511$ 106,570$ 6,843,896$ 130.85%
Restricted for Debt Service 661,227 661,227 661,227
Operating Reserve 1,677,307 1,044,116 1,044,116
AVAILABLE FUND BALANCE 26,585,407$ 20,481,272$ 27,325,168$
WASTEWATER UTILITY
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 20 of 26
King County Metro Fund
This fund accounts for revenues and expenses for operation of the city’s wastewater utility, as it relates to charges for
and payment to King County Metro for water treatment services.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 5,612,585$ 24,991,462$ 6,181,369$ 568,784$ (18,810,093)$ 24.73%
Interest and other misc 68,944 - 66,994 (1,950) 66,994 N/A
TOTAL REVENUES 5,681,529 24,991,462 6,248,363 566,834 (18,743,099) 25.00%
EXPENSES:
Contracted Services 5,681,039 24,991,462 6,151,806 (470,767) 18,839,656 24.62%
TOTAL OPERATING EXPENSES 5,681,039 24,991,462 6,151,806 (470,767) 18,839,656 24.62%
CHANGE IN FUND BALANCE 490 - 96,557 96,067 96,557 N/A
BEGINNING FUND BALANCE, Jan 1 7,647,812 8,193,958 8,193,958 546,146 - 100.00%
ENDING FUND BALANCE, Mar 31 7,648,302$ 8,193,958$ 8,290,515$ 642,213$ 96,557$ 101.18%
Operating Reserve 380,000 380,000 380,000
AVAILABLE FUND BALANCE 7,268,302$ 7,813,958$ 7,910,515$
KING COUNTY METRO
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 21 of 26
Surface Water Utility Fund
This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and
maintenance of the city’s surface water utility.
Grants/Intergovernmental – Federal/State/Local grant revenue is budgeted at 100% of award at the time the grant
agreement is executed. The current year budget includes approximately $7M in grants for the SE 172nd Street storm
system improvement and the Cedar River levee project.
Capital Outlay –Budget for capital outlay includes approximately $3.6M for the SE 172nd Street storm system
improvement, and $3.7M for the Cedar River levee recertification both to be completed within the biennium.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Licenses and permits 12,375$ 50,962$ 8,250$ (4,125)$ (42,712)$ 16.19%
Grants / intergovernmental 1,805,842 11,570,819 1,585,995 (219,847) (9,984,824) 13.71%
Charges for services 3,474,720 14,393,186 3,691,492 216,772 (10,701,694) 25.65%
Interest and other misc 246,647 61,000 251,454 4,807 190,454 412.22%
TOTAL REVENUES 5,539,584 26,075,967 5,537,191 (2,393) (20,538,776) 21.23%
EXPENSES:
Personnel 1,080,533 5,052,986 1,200,219 (119,686) 3,852,767 23.75%
Supplies 29,217 175,200 29,894 (677) 145,306 17.06%
Contracted Services 415,599 3,625,374 492,724 (77,125) 3,132,650 13.59%
Internal Services 813,600 3,146,756 786,689 26,911 2,360,067 25.00%
TOTAL OPERATING EXPENSES 2,338,949 12,000,316 2,509,526 (170,577) 9,490,790 20.91%
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND
TRANSFERS 3,200,635 14,075,651 3,027,665 (172,970) (11,047,986) 21.51%
DEBT SERVICE:
Principal - 717,300 - - 717,300 0.00%
Interest - 37,852 - - 37,852 0.00%
TOTAL DEBT SERVICE - 755,152 - - 755,152 0.00%
CAPITAL OUTLAY 1,470,349 19,538,713 1,695,650 (225,301) 17,843,063 8.68%
Transfers Out (27) (7,800) - (27) (7,800) N/A
NET TRANSFERS (27) (7,800) - 27 7,800 N/A
CHANGE IN FUND BALANCE 1,730,259 (6,226,014) 1,332,015 (398,244) 7,558,029 N/A
BEGINNING FUND BALANCE, Jan 1 25,766,980 29,360,155 29,360,155 3,593,175 - 100.00%
ENDING FUND BALANCE, Mar 31 27,497,239$ 23,134,141$ 30,692,170$ 3,194,931$ 7,558,029$ 132.67%
Restricted for Debt Service 754,868 754,868 754,868
Operating Reserve 1,330,313 1,341,363 1,341,363
AVAILABLE FUND BALANCE 25,412,058$ 21,037,910$ 28,595,939$
SURFACE WATER UTILITY
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 22 of 26
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. YTD budgets are not prepared for Internal Service Funds. Detailed
explanations will be provided for material annual budget differences at year-end.
Equipment Rental Fund
This fund accounts for revenues and expenses for administration, purchase, and maintenance of the city’s vehicle and
equipment fleet services. Departments pay in monthly amounts for maintenance and operations. Replacement
reserves are paid monthly over the estimated useful lives of each individual vehicle or piece of equipment. These
reserves are accumulated in fund balance so that they are available to fund the replacement of the vehicle/equipment
when the time comes.
Capital Outlay – Vehicles purchased from manufacturers or dealerships are paid upon receipt of the vehicle. These
replacements were included in the replacement schedule of vehicles based on age, mileage and condition. It has been
increasingly difficult to purchase replacement vehicles, with many vehicles awaiting replacement as inventory comes
available.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 15,958 - 7,864 (8,094) 7,864 N/A
Interdepartmental services 1,700,571 6,165,008 1,565,399 (135,172) (4,599,609) 25.39%
Interest and other misc 179,815 12,000 181,796 1,981 169,796 1514.97%
TOTAL REVENUES 1,896,344 6,177,008 1,755,059 (141,285) (4,421,949) 28.41%
EXPENSES:
Personnel 308,685 1,341,134 187,246 121,439 1,153,888 13.96%
Supplies 419,357 1,531,153 408,536 10,821 1,122,617 26.68%
Contracted Services 74,472 533,166 70,994 3,478 462,172 13.32%
Internal Services 38,008 155,341 38,835 (827) 116,506 25.00%
TOTAL OPERATING EXPENSES 840,522 3,560,794 705,611 134,911 2,855,183 19.82%
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND
TRANSFERS 1,055,822 2,616,214 1,049,448 (6,374) (1,566,766) 40.11%
CAPITAL OUTLAY 828,419 9,207,404 850,281 (21,862) 8,357,123 9.23%
TRANSFERS IN - 1,373,000 - - (1,373,000) 0.00%
NET TRANSFERS - 1,373,000 - - (1,373,000) 0.00%
CHANGE IN FUND BALANCE 227,403 (5,218,190) 199,167 (28,236) 5,417,357 N/A
BEGINNING FUND BALANCE, Jan 1 19,535,828 20,116,733 20,116,733 580,905 - 100.00%
ENDING FUND BALANCE, Mar 31 19,763,231$ 14,898,543$ 20,315,900$ 552,669$ 5,417,357$ 136.36%
Operating Reserves 13,856,677 14,898,543 14,898,543
AVAILABLE FUND BALANCE 5,906,554$ -$ 5,417,357$
EQUIPMENT RENTAL
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 23 of 26
Insurance Fund
This fund accounts for the administration and operation of the city’s self-insurance programs for property losses,
liability, workers’ compensation, and unemployment compensation. Expenses are paid by the Insurance Fund and
rates are charged to departments based on their claims history over the preceding five years and coverage
requirements.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Interdepartmental services 1,375,458$ 5,873,908$ 1,440,126$ 64,668$ (4,433,782)$ 24.52%
Interest and other misc 249,840 200,000 291,061 41,221 91,061 145.53%
TOTAL REVENUES 1,625,298 6,073,908 1,731,187 105,889 (4,342,721) 28.50%
EXPENSES:
Personnel 435,819 2,460,313 558,812 (122,993) 1,901,501 22.71%
Supplies 1,545 5,058 1,205 340 3,853 23.82%
Contracted Services 1,263,441 4,333,671 1,251,908 11,533 3,081,763 28.89%
TOTAL OPERATING EXPENSES 1,700,805 6,799,042 1,811,925 (111,120) 4,987,117 26.65%
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND
TRANSFERS (75,507) (725,134) (80,738) (5,231) 644,396 N/A
Transfers In - 1,500,000 - - (1,500,000) 0.00%
Transfers Out - (1,710,000) - - (1,710,000) N/A
NET TRANSFERS - (210,000) - - 210,000 N/A
CHANGE IN FUND BALANCE (75,507) (935,134) (80,738) (5,231) 854,396 N/A
BEGINNING FUND BALANCE, Jan 1 25,781,347 28,847,562 28,847,562 3,066,215 - 100.00%
ENDING FUND BALANCE, Mar 31 25,705,840$ 27,912,428$ 28,766,824$ 3,060,984$ 854,396$ 103.06%
Operating Reserves 22,268,021 20,583,977 20,583,977
AVAILABLE FUND BALANCE 3,437,819$ 7,328,451$ 8,182,847$
INSURANCE
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 24 of 26
Information Technology Fund
This fund accounts for the administration, purchase, and operation of the city’s information technology systems,
including computer hardware and software, network servers and infrastructure, phone systems, and cell phones.
Expenses are paid by the Information Technology Fund and rates are charged to departments based on use.
Capital Outlay –Approximately $3M of the capital outlay budget relates to the replacement of the accounting software.
The conversion to the new software will be a multiyear project began October of 2025 and is expected to be completed
by the Winter of 2027.
Contracted Services – The increase from prior year is due to the annual services for the police axon contract where
additional services were added such as translation service and drone as a first responder.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Licenses and permits 64,084$ -$ 61,339$ (2,745)$ 61,339$ N/A
Grants / intergovernmental - 25,000 - - (25,000) 0.00%
Interdepartmental services 2,346,441 9,738,375 2,434,594 88,153 (7,303,781) 25.00%
Interest and other misc 82,332 7,000 72,845 (9,487) 65,845 1040.64%
TOTAL REVENUES 2,492,857 9,770,375 2,568,778 75,921 (7,201,597) 26.29%
EXPENSES:
Personnel 828,961 4,753,935 1,101,250 (272,289) 3,652,685 23.17%
Supplies 222,766 2,315,077 1,781,656 (1,558,890) 533,421 76.96%
Contracted Services 1,108,695 4,178,638 1,324,178 (215,483) 2,854,460 31.69%
Internal Services 1,214 4,951 1,238 (24) 3,713 25.01%
TOTAL OPERATING EXPENSES 2,161,636 11,252,601 4,208,322 (2,046,686) 7,044,279 37.40%
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND
TRANSFERS 331,221 (1,482,226) (1,639,544) (1,970,765) (157,318) N/A
CAPITAL OUTLAY 97,839 4,386,066 83,159 14,680 4,302,907 1.90%
TRANSFERS IN 80 345,000 - (80) (345,000) 0.00%
TRANSFERS OUT - (11,000) - - (11,000) N/A
NET TRANSFERS 80 334,000 - (80) (334,000) 0.00%
CHANGE IN FUND BALANCE 233,462 (5,534,292) (1,722,703) (1,956,165) 3,811,589 N/A
BEGINNING FUND BALANCE, Jan 1 9,632,207 11,064,176 11,064,176 1,431,969 - 100.00%
ENDING FUND BALANCE, Mar 31 9,865,669$ 5,529,884$ 9,341,473$ (524,196)$ 3,811,589$ 168.93%
Operating Reserves 2,785,647 2,785,647 2,785,647
AVAILABLE FUND BALANCE 7,080,022$ 2,744,237$ 6,555,826$
INFORMATION TECHNOLOGY
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 25 of 26
Facilities Fund
This fund accounts for the administration, maintenance, and operation of city-owned facilities. Expenses are paid by
the Facilities Fund and rates are charged to departments based on square footage and work orders.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental -$ 39,600$ -$ -$ (39,600)$ 0.00%
Charges for services - - 15,041 15,041 15,041 N/A
Interdepartmental services 1,969,049 7,996,431 2,033,047 63,998 (5,963,384) 25.42%
Interest and other misc 14,925 5,000 22,623 7,698 17,623 452.46%
TOTAL REVENUES 1,983,974 8,041,031 2,070,711 86,737 (5,970,320) 25.75%
EXPENSES:
Personnel 935,595 5,242,653 1,049,513 (113,918) 4,193,140 20.02%
Supplies 129,320 506,185 140,157 (10,837) 366,028 27.69%
Contracted Services 500,885 2,634,833 463,919 36,966 2,170,914 17.61%
Internal Services 52,284 212,764 53,191 (907) 159,573 25.00%
TOTAL OPERATING EXPENSES 1,618,084 8,596,435 1,706,780 (88,696) 6,889,655 19.85%
AMOUNT AVAILABLE FOR DEBT
SERVICE, CAPITAL, AND
TRANSFERS 365,890 (555,404) 363,931 (1,959) 919,335 N/A
Transfers In - 66,600 - - (66,600) 0.00%
Transfers Out - 162,100 - - 162,100 0.00%
NET TRANSFERS - (95,500) - - 95,500 N/A
CHANGE IN FUND BALANCE 365,890 (650,904) 363,931 (1,959) 1,014,835 N/A
BEGINNING FUND BALANCE, Jan 1 1,962,169 2,710,622 2,710,622 748,453 - 100.00%
ENDING FUND BALANCE, Mar 31 2,328,059$ 2,059,718$ 3,074,553$ 746,494$ 1,014,835$ 149.27%
Operating Reserves 970,317 247,166 247,166
AVAILABLE FUND BALANCE 1,357,742$ 1,812,552$ 2,827,387$
FACILITIES
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 1st Quarter 2026
Page 26 of 26
Health Insurance Fund
This fund accounts for the city’s self-insured health insurance program. Expenses/claims are paid by the Health
Insurance Fund and rates are charged to employees and departments based on annual premiums.
Premiums – Premiums are budgeted for all positions as if they were filled at 100%, with many open positions to date,
this amount is expected to trend below budget.
Retiree Healthcare Fund
This fund accounts for the city’s self-insured health insurance program for LEOFF1 retirees. Benefits include medical,
prescription drug, Medicare Part B premiums, long-term care, and vision coverage for retired law enforcement officers
and firefighters that were employed by the city prior to October 1, 1977. Dependent spouses and children are not
covered. 100% of premiums are provided by the General Fund with annual contributions determined after review of a
report prepared by actuaries.
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 Kristin Trivelas ktrivelas@rentonwa.gov or Kari Roller kroller@rentonwa.gov.
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Premiums 3,499,166$ 17,162,747$ 3,774,791$ 275,625$ (13,387,956)$ 21.99%
Interest and other misc 238,489 520,000 307,262 68,773 (212,738) 59.09%
TOTAL REVENUES 3,737,655 17,682,747 4,082,053 344,398 (13,600,694) 23.08%
EXPENSES:
Personnel 74,827 410,977 89,111 (14,284) 321,866 21.68%
Medical/Dental Claims 3,496,267 17,124,423 3,647,531 (151,264) 13,476,892 21.30%
Supplies 660 8,025 275 385 7,750 3.43%
Contracted Services 119,435 622,510 145,497 (26,062) 477,013 23.37%
Internal Services 31,095 143,838 35,960 (4,865) 107,878 25.00%
TOTAL OPERATING EXPENSES 3,722,284 18,309,773 3,918,374 (196,090) 14,391,399 21.40%
CHANGE IN FUND BALANCE 15,371 (627,026) 163,679 148,308 790,705 N/A
BEGINNING FUND BALANCE, Jan 1 10,517,643 10,253,712 10,253,712 (263,931) - 100.00%
ENDING FUND BALANCE, Mar 31 10,533,014$ 9,626,686$ 10,417,391$ (115,623)$ 790,705$ 108.21%
Insurance Reserves 5,114,808 5,492,932 5,492,932
AVAILABLE FUND BALANCE 5,418,206$ 4,133,754$ 4,924,459$
HEALTH INSURANCE
VARIANCE
FAVORABLE (UNFAVORABLE)
2025 2026 2026 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental -$ 220,000$ -$ -$ (220,000)$ 0.00%
Premiums 150,000 - - (150,000) - N/A
Interest and other misc 230,966 100,000 228,206 (2,760) 128,206 228.21%
TOTAL REVENUES 380,966 320,000 228,206 (152,760) (91,794) 71.31%
EXPENSES:
Personnel 23,444 122,637 29,751 (6,307) 92,886 24.26%
Medical/Dental Claims 286,601 1,929,113 369,940 (83,339) 1,559,173 19.18%
Contracted Services 20,028 81,431 13,795 6,233 67,636 16.94%
TOTAL OPERATING EXPENSES 330,073 2,133,181 413,486 (83,413) 1,719,695 19.38%
CHANGE IN FUND BALANCE 50,893 (1,813,181) (185,280) (236,173) 1,627,901 N/A
BEGINNING FUND BALANCE, Jan 1 20,672,179 20,485,326 20,485,326 (186,853) - 100.00%
ENDING FUND BALANCE, Mar 31 20,723,072$ 18,672,145$ 20,300,046$ (423,026)$ 1,627,901$ 108.72%
Insurance Reserves 20,723,072 18,672,145 20,300,046
AVAILABLE FUND BALANCE -$ -$ -$
RETIREE HEALTHCARE
VARIANCE
FAVORABLE (UNFAVORABLE)