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HomeMy WebLinkAbout2000 CAFR • - • o •- • � - - •- 111 \ b 65 M ' v. �€)�). — t TRIP F 1 ,eg�1x }ih tam ���1 �,� i , � �� s � \ ,.� ,� "h � ,�� a �•v_._�.0 � , LYh + Y 1 • ._ .,.v.Y,. ' ..•rro�.n,,.x<s� J�.S3 r' _V, __ ;�?►+�5'��. �-.1.,�w--^.�s .� �`�s..+'c. �e,�_s�.4�_' _ _ ,r--_..r__ _._.. r !Q Office of the City Clerk (Phone: 425-430-6510) Fenton City Hall 1055 South Grady Way Menton, WA ®8055 1�- �:- ,,t�,fl -v `I O} City of Renton 2000 COMPREHENSIVE ANNUAL FINANCIAL REPORT For Year Ended December 31 , 2000 Victoria A. Runkle Finance & Information Services Administrator 1055 South Grady Way Renton, Washington 98055 (425) 430-6858 err Website: www.ci.renton.wa.us r. er 1 1 Acknowledgements Prepared by the City of Renton Finance Division ' Finance & Information Services Administrator ' Victoria A. Runkle Fiscal Services Director ' Paul Kusakabe Financial Accountant ' Gina L. Jarvis Accounting Staff Dawna Truman - Fixed Assets Linda Dixon -Statistical Section Administrative Secretary II DeAnna Fricke Print & Mail Coordinator , Debbie Willard .i Cover/Divider Design Bob Dunn, Cat's Eye Group Renton, Washington (425) 430-9637 CITY OF RENTON,WASHINGTON TABLE OF CONTENTS DECEMBER 31, 2000 .. ITEM PAGE INTRODUCTORY SECTION ■. Letter of Transmittal ........................................................................................................................... 1 1999 Comprehensive Annual Financial Report Award.............................................................. 15 City Organization Structure & Reporting Relations..................................................................... 16 FINANCIAL SECTION Independent Auditor's Report........................................................................................................ 17 ,r General Purpose Financial Statements......................................................................................... 19 Combined Financial Statements: Combined Balance Sheet- All Fund Types and Account Groups........................................20 Combined Statement of Revenues, Expenditures and Changes in Fund Balances for All Governmental Fund Types.........................................................................22 Combined Statement of Revenues, Expenditures and Changes in Fund Balances Budgetand Actual..................................................................................................................23 Combined Statement of Revenues, Expenses and Changes in Fund Equity-All Proprietary Fund Types.........................................................................................27 Combined Statement of Cash Flows-All Proprietary Fund Types........................................28 r" Firemen's Pension Trust Fund Statement of Changes in Plan Net Assets..............................30 Notes to Financial Statements: Note 1: Significant Accounting Policies ............................................................................31 ■" Reporting Entity....................................................................................................31 Basis of Presentation - Fund Accounting..........................................................31 Basisof Accounting.............................................................................................33 Budgets and Budgetary Accounting................................................................34 Assets, Liabilities and Fund Equity......................................................................34 Cash and Cash Equivalents............................................................................34 Investments........................................................................................................35 Inventories .........................................................................................................35 PropertyTaxes Receivable..............................................................................35 ar Assessments Receivable..................................................................................36 Fixed Assets and Depreciation.......................................................................36 Accumulated Unpaid Vacation and Sick Pay.............................................37 Fund Equity- Reserves & Designations..........................................................37 Direct Charges/Credits to Enterprise Funds Retained Earnings.................38 Risk Management and Risk Retention...........................................................38 Note 2: Stewardship, Compliance and Accountability..................................................38 Note3: Cash & Investments................................................................................................38 Note 4: Deferred Compensation........................................................................................39 Note 5: Receivables and Payables....................................................................................40 Note 6: Residual Equity and Operating Transfers.............................................................42 Note7: Fixed Assets..............................................................................................................43 Note8: Prepaid Items ..........................................................................................................45 Note9: Joint Venture...........................................................................................................45 Note 10: Pension Plan & Other Postemployment Benefits................................................48 PERSand LEOFF....................................................................................................49 Firemen's Pension ................................................................................................50 r CITY OF RENTON, WASHINGTON TABLE OF CONTENTS DECEMBER 31, 2000 ITEM PAGE r Note 11: Construction Commitments..................................................................................52 ' Note 12: Long-Term Debt and Capital Leases...................................................................53 Note 13: Deferred Charges in Proprietary Funds................................................................58 Note 14: Reservations and Designations of Fund Equity...................................................58 ' Note 15: Segment Information for Enterprise Funds ..........................................................58 Note16: Litigation...................................................................................................................59 Note17: Risk Management...................................................................................................59 Note 18: Subsequent Events..................................................................................................60 Combining Financial Statements and Schedules of Individual Funds and Account Groups: ' General Fund: GeneralFund Description.......................................................................................................61 ComparativeBalance Sheet.................................................................................................62 Statement of Revenues, Expenditures and Changes in Fund Balance...........................63 ' Statement of Revenues, Expenditures and Changes in Fund Balance Budgetand Actual .............................................................................................................64 Special Revenue Funds: ' Special Revenue Fund Descriptions......................................................................................65 CombiningBalance Sheet.....................................................................................................66 Combining Statement of Revenues, Expenditures and Changes in Fund Balances.....68 Combining Statement of Revenues, Expenditures and Changes in Fund Balances Budgetand Actual .............................................................................................................70 Debt Service Funds: ' Debt Service Fund Descriptions.............................................................................................79 CombiningBalance Sheet.....................................................................................................80 Combining Statement of Revenues, Expenditures and Changes in Fund Balances.....82 ' Combining Statement of Revenues, Expenditures and Changes in Fund Balances Budgetand Actual .............................................................................................................84 Capital Project Funds: , Capital Project Fund Descriptions.........................................................................................91 CombiningBalance Sheet.....................................................................................................92 Combining Statement of Revenues, Expenditures and Changes in Fund Balances.....94 Combining Statement of Revenues, Expenditures and Changes in Fund Balances Budgetand Actual .............................................................................................................96 Enterprise Funds: Enterprise Fund Descriptions................................................................................................. 103 ■/ CombiningBalance Sheet................................................................................................... 104 Combining Statement of Revenues, Expenses and Changes in Fund Equity............... 106 Combining Statement of Cash Flows ................................................................................. 108 Internal Service Funds: Internal Service Fund Descriptions....................................................................................... 113 Combining Balance Sheet................................................................................................... 114 Combining Statement of Revenues, Expenses and Changes in Fund Equity............... 115 Combining Statement of Cash Flows ................................................................................. 116 iv CITY OF RENTON,WASHINGTON wn TABLE OF CONTENTS DECEMBER 31, 2000 ITEM PAGE Fiduciary Funds: +r Fiduciary Fund Descriptions.................................................................................................. 117 CombiningBalance Sheet................................................................................................... 118 Combining Statement of Changes in Assets and Liabilities All Agency Funds............. 120 •r Firemen's Pension Trust Fund-Statement of Plan Net Assets.......................................... 121 Firemen's Pension Trust Fund-Statement of Changes in Plan Net Assets..................... 122 General Fixed Assets Account Group: General Fixed Assets Account Group Description............................................................ 123 ComparativeBalance Sheet............................................................................................... 124 Schedule of General Fixed Assets by Source..................................................................... 125 Schedule of General Fixed Assets by Function and Activity............................................126 Schedule of Changes in General Fixed Assets by Function and Activity...................... 126 General Long-Term Debt Account Group: General Long-Term Debt Account Group Description.................................................... 127 Comparative Balance Sheet............................................................................................... 128 STATISTICAL SECTION Statistical Section Description 129 Table 1: General Government Revenues & Expenditures- Last Ten Fiscal Years........ 130 Table 2: Assessed Value, Property Tax Rates, Levies and Collections- "' Last Ten Fiscal Years132 ............................................................................................... Table 3: Ratio of Net General Obligation Debt to Assessed Value & Net Bonded Debt per Capita-Last Ten Fiscal Years.................................... 134 Table 4: Special Assessment Billings and Collections-Last Ten Fiscal Years................ 135 Table 5: Computation of Legal Debt Margin-December 31, 2000 ............................. 136 Table 6: Computation of Direct and Overlapping Debt-December 31, 2000 .......... 137 Table 7: General Obligation Bonds/Expenditure Ratio- Last Ten Fiscal Years............. 138 Table 8: Revenue Bond Coverage- Last Ten Fiscal Years.............................................. 139 Table 9: Retail Sales by Source- Last Five Fiscal Years.................................................... 140 err Table 10: Largest Taxpayers and Principal Employers........................................................ 141 Table 11: Construction Permits- Last Ten Fiscal Years....................................................... 142 Table 12: Demographic Statistics-Last Ten Fiscal Years................................................... 144 rrr Table 13: Miscellaneous Statistics.......................................................................................... 145 wr V r.. r 1 1 i i i THIS PAGE INTENTIONALLY LEFT BLANK 1 .r vi .�i r CTYDN C - -- k t . Introductory Section CITY OF RENTON Finance & Information Services Department Jesse Tanner,Mayor Victoria A.Runkle,Administrator June 22, 2001 Honorable Jesse Tanner, Mayor Members of the Renton City Council City of Renton 1055 South Grady Way Renton, Washington 98055 TRANSMITTAL OF THE 2000 COMPREHENSIVE ANNUAL FINANCIAL REPORT Dear Mayor and Council Members: With this letter the Finance & Information Services Department transmits a copy of Renton's Comprehensive Annual Financial Report for the year ending December 31, 2000. We received an unqualified audit report from the State Auditor's office for 2000. As always, an unqualified audit report demonstrates that city employees, with the oversight and guidance from the Finance Department, continue to regard the management and accounting of Renton's financial and fiscal assets as one of their highest priorities. In general, this report describes the financial results of the City's operations and the general financial condition as of December 31, 2000. The Comprehensive Annual Financial Report (CAFR) has three significant uses. First, it provides taxpayers and citizens a broad overview of the City's finances. Second, rating agencies and interested bond buyers use this report to evaluate the City's fiscal and financial health and creditworthiness. Finally, the CAFR is a series of audited financial statements. These statements have all been analyzed by the State Auditor's Office to ensure the City's funds are safeguarded and the City is expending them as they were legally appropriated. Introduction The Finance and Information Services Department (FIS) is responsible for the Management Representation of the contents of this report. FIS is charged with responsibility for the accuracy, completeness and fairness of presentation of information contained in this report. The department warrants that, to the best of our knowledge and ability, the data and disclosures reported are both accurate in all material aspects and they fairly represent Renton's financial position and results of operations of its various funds and account groups. This report must be and is prepared in accordance with the requirements of Washington State Law RCW 43.09.230 and in conformance with Generally Accepted 1 Ur CITY OF RENTON,WASHINGTON Accounting Principles (GAAP). The Government Accounting Standards Board (GASB) ' has established GAAP rules to compare the fiscal health and spending patterns of ' various public entities to one another. By following these guidelines, we ensure the report contains required elements that are clearly understood by users of detailed financial information. ' One of the first requirements Is to ensure the report contains the CAFR Contents. Thus, the report is organized in three sections: ' • The Introductory Section, which includes the Letter of Transmittal, the 1999 Comprehensive Annual Financial Report Award and the City's , Corporate Organization Structure and Reporting Relations. • The Financial Section, which includes an Independent Auditor's Report and the Combined Financial Statements and accompanying note ' disclosures, followed by the Combining Financial Statements by fund type and account group. The Combined Financial Statements, together with the Notes to the Financial Statements, comprise the General Purpose Financial Statements, which provide an overview of the financial position and results of operations for the City. • The Statistical Section, which presents financial, economic, social and demographic data about the City. The Statistical Section is useful in revealing trends that have and may continue to affect the City of Renton. The GASB also requires the reporting organization to define the Reporting Entity. This report includes all City funds, account groups, agencies, boards and commissions that are controlled by, or dependent on, the City. Control by or dependence upon the City was determined on the basis of authority to appoint or remove the majority of board members; financial support including debt secured by revenue or general obligations of the City; and obligations of the City to finance any deficits that may occur; or receipt of significant subsidies from the City. The City of Renton is a participant in a consortium known as the Valley Communications Center. This is to provide consolidated emergency dispatch services for the cities of Federal Way, Auburn, Kent, Tukwila and Renton as owners. Many other fire, police and emergency operations also contract with the Center for the same services. The owner cities share a portion of support to the Center, based on the numbers of service calls provided to each entity. The Valley Communications Center is reported in the City's financial statements as a joint venture. This report does not include the financial position or operational results for the Renton Housing Authority. The City neither reviews their budget, nor is obligated to fund any of the deficits of the Authority. The City of Renton is responsible for providing basic life and safety services through our police, fire and building departments. The City provides a wide range of recreational 2 CITY OF RENTON, WASHINGTON rr opportunities. It operates its own library system, manages two lake swimming areas, offers classes in its community and senior centers and provides a range of leisure activities in its 1,180 acres of active and passive parks. The City provides water to all citizens through its own system of aquifers, wells and from Cedar River water rights. As an adjunct to the water system, the City collects all sewer and surface water waste within the City and then transports that to the region-wide treatment system. Renton manages general maintenance and development of the city streets. It owns and operates a golf course and airport. In general, the City of Renton is a full service city, offering all of the services a large city has, but on a livable scale. Governmental Structure, Economic Condition and Outlook The City of Renton was incorporated in 1901. Located at the south end of Lake Washington, our city borders the City of Seattle to the north. We currently have a land area of 16.90 square miles. We have 1,180 acres of parks that includes 28 active parks. Our population as presented by the 2000 Census is 50,002. In addition, we have just annexed an area that adds another 500 residents. The City of Renton has a strong Mayor form of government. The Mayor is independently elected for a four-year term. His job is to manage and implement the policies established by the City Council. We have a seven member Council that r„ establishes policies, appropriates monies through the budget process and adopts local laws through ordinances. Each Council Member serves a four-year term and they are elected on a staggered two-year cycle. Both the Council and the Mayor are elected ,r on a non-partisan basis. While the City has had a very aggressive and successful economic development program, The Boeing Company continues to be our largest employer. As illustrated later, the City of Renton is less dependent upon Boeing for our overall economic health, but nonetheless, they still have a significant influence within the City. Boeing builds the 737 and the 757 airplanes within our City limits. In 2000 they produced 346 planes at the Renton plant. The Boeing 737 Commercial Aircraft Headquarters is within our city limits housed in a new $75 million building. Boeing also has its Customer Service Training Center (CSTC) here in Renton. At the CSTC, The Boeing Company trains pilots from all over the world in how to fly a Boeing aircraft in large flight simulators. irr While we are most proud of being the home of the most popular airplane in the world, we also began - almost a decade ago - an aggressive economic development program. Our dependence on Boeing's economic health had provided significant ,. economic swings in the past. Over the past years, other major businesses growing or relocating within our boundaries includes: Wizards of the Coast and Multiple Zones. In addition to these major corporations, we have also added significantly to our retail ir. base with the location of an IKEA, Wal Mart and other major new retail and food stores. In addition to the overall employment and economic growth, we are seeing substantial r increases in our assessed valuation and housing growth. Between 1999 and 2000 our overall assessed valuation grew by 6 percent. Further, to illustrate we have diversified 3 CITY OF RENTON,WASHINGTON so our economy, Boeing now owns only 16.75percent of our overall assessed value. This is 6.3 percent lower than 1999. Thus, the overall growth in our assessed value is coming from other properties. A total of 1,041 homes sold within the city limits in 2000. This is 8.6 percent more than in 1999. The median price of homes in Renton grew by 5.35 percent. This includes the sale of 30 homes valued at $400,000 or more, as compared to 28 homes in this price range during 1999. ' In 2000, total Boeing employment averaged 1,000 fewer employees during 2000 over 1999. However, Renton's total employment increased by 300. Thus, employment from all other sectors grew by 2 percent, or approximately 1,200 employees. Boeing employment comprised only 43 percent of our total employment base. This is 1 percent lower than 1999. , While our retail base had some signs of slowing In 2000, collections were still 8 percent above 1999 collections of $14.1 million. As the year ended we began to see a ' slowdown in sales. However, collections in all other areas increased to offset this small decrease. We do anticipate sales tax collections to be only 4 to 5 percent higher in 2001 over 2000. This follows the national trend. In late 2000 the City's construction permits began to grow again for residential and commercial properties. This growth will take some time to translate into economic , growth for our city. As illustrated in our major initiatives, we continue our efforts in economic development. In 2000 our total new building permit valuation was $1.9 million. This is 70 percent higher than 1999. The City issued over 800 building permits; 400 of these were for single residential homes. Our building permit activity increased by 21 percent. This is in contrast to the 6 percent decrease in the Puget Sound area. Major Initiatives Each spring the Council and Mayor meet for two days to clearly articulate the focus of new initiatives for both the current year and the following five years. These initiatives, also known as Business Goals and Strategies, are used to guide workload priorities in the current year and budget priorities for the following years. Further, over the past five years since we have used this method of prioritization, the initiatives have remained rather consistent. This process has resulted in measurable successes in 2000 and dictates what we will be working on in 2001 and 2002. Finally, to guarantee success, the Council and Mayor limit these initiatives to five. Outlined below are the City's five goals in 2000 and the success strategy for each one. Encourage and Support Economic Development and Downtown Redevelopment. We had great success in 2000 in these areas. In late 1999, one multi-family housing complex was completed in downtown with two additional complexes begun. This will add over 250 apartments, bringing people to downtown. The construction on the transit center was started in late 2000. With parking provided by one of the apartment l 4 CITY OF RENTON, WASHINGTON r complexes and another city parking facility, we will be able to have a significant park and ride center in our city. These efforts have resulted in seeing small changes in downtown activity along with the addition of restaurants. Slowly, the increasing number of people in the downtown core will augment the current businesses in town. The large unused power plant, Shuffleton Steam plant, located at the south end of Lake Washington, sold in 1999. Throughout 2000, the owners developed a significant residential and commercial plan. When completed, this Southport development will include over 350 residential units, a hotel and 550,000 square feet of commercial and retail space. The City will be able to complete a major trail system and connect our Lake Washington bike/path trail to our Cedar River trail once the development is complete. In late 2000, preliminary work began. The City continued to work with the owners of Port Quendall. This 23-acre property poses a complex set of challenges. It needs environmental remediation and transportation improvements to meet the goal of having mixed-use development on this site. In 2000 the City joined the State and private developers in beginning the transportation improvements. This joint effort of $800,000 from each participant developed the preliminary design of 1-405 improvements and exit ramps. If the challenges can be overcome, the site will generate over five million dollars in ongoing revenue from a combination of commercial, retail and housing uses. Encourage and Support Neighborhood Revitalization. The most significant strategy within this initiative is a multi-year effort. Over the years the neighborhood known as the Highlands has emerged as an area that has great redevelopment potential. It is one of Renton's oldest areas with housing that was built during World War II to house aircraft workers. As the name implies, the area is elevated from the rest of the City and has some amazing views. It also has large areas of property that can be redeveloped for retail and housing uses. In 2000 we continue to focus our efforts on developing conceptual plans and writing an RFP to find a developer to acquire a large shopping center for redevelopment. The plans required a significant amount of work with the neighborhood to ensure that all r■ needs were identified. This redevelopment will be a long-term project, but will result in better services for the residents of this area, more activity in the area and continued economic health of the area and the City. rs In addition, the City continues to allocate over$50,000 annually for small neighborhood grants. Neighborhood associations apply for these grants which must be matched with .r "sweat equity." In 2000 there were over 20 grants given for a total of$34,000. Improve the City's Image in the Community and Region. In 2000 we have completed the second year of a comprehensive marketing plan with the School District, Renton Technical College, the Hospital District and the Chamber. This plan resulted in the r. 5 CITY OF RENTON,WASHINGTON ' development of a marketing 9 9 slogan, consistent marketing materials and most ' importantly, a consistent theme. The results have been that when a business or developer contacts any agency about information about Renton, we are ensuring , they receive a professional package of information about all the assets in our city. We believe this has generated more interest in being a part of our City as we have experienced more and more growth. We measure our success by the fact our ' neighboring cities started campaigns in late 2000. Meet the Service Demands that Contribute to the Livability of the Community. Under ' this goal we measure our productivity efforts. In 2000 the City began a comprehensive performance outcomes program. Departments began with identifying their customers and customer expectations of the City. In the long-term, we expect this program to , ascertain what programs we may no longer provide and those areas that need additional resources. Influence Regional Decisions that Impact the City. The biggest challenge facing the Pacific Northwest is the Endangered Species Act (ESA) decisions. In 2000 the Federal government ordered all regions to work together to determine ways to save various salmon species. The City of Renton sits in two watershed planning areas known as WRIA 8 & 9. Renton has been an active participant in the planning activities since it will transform the way we build in the watershed areas, along the rivers and the way water and wastewater resources are managed. Financial Information, Management and Control A detailed understanding of the financial position and operating results of the City is provided in the CAFR. Presented below is a brief description of financial information, management of financial resources and obligations and control techniques applicable to financial resources, obligations and information. .Basis of Accounting. The basis of accounting used determines when revenue and expenditures or expenses are recognized in the accounts and reported in the financial statements. All governmental funds and expendable trust funds are accounted for n using the modified accrual basis of accounting. Revenue is recognized when measurable and available. Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred. All proprietary funds and non-expendable trust funds and pension trust funds are accounted for using the accrual basis of accounting. Under this basis of accounting, revenue is recognized when earned and expenses are recognized when incurred. Accounting Systems and Budgetary Control. One of the City's primary functions is ensuring the highest level possible of internal accounting controls. The Finance and Information Services Department, working with all other departments, develops accounting procedures, policies and organization to focus on the safeguarding of all the City's assets and the reliability of financial records. The procedures, policies and organization provide reasonable assurance that: 6 CITY OF RENTON, WASHINGTON rrr Transactions are executed in accordance with management's general or specific authorization. Transactions are recorded as necessary (1) to permit preparation of financial statements in conformity with generally accepted accounting principles or any other criteria, such as finance-related legal and contractual compliance requirements applicable to such statements and (2) to maintain accountability for assets. • Access to assets is permitted only in accordance with management's authorization. • The recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. The definition of accounting control incorporates reasonable, but not absolute assurance that the objectives expressed in it will be accomplished by the system. The concept of reasonable assurance recognizes that the cost of internal control should not exceed the benefits to be derived. The benefits consist of reductions in the risk of failing to achieve the objectives implicit in the definition of accounting control. Within the City of Renton we believe all our internal accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. The Washington State Auditor's Office (SAO) and the laws of Washington State establish budgeting and accounting rules known as the Budgeting, Accounting and Reporting System (BARS). The City is annually audited by the SAO to ensure we are in compliance with the system. Budgetary control is maintained at the department level by the encumbrance of estimated purchase amounts before the release of purchase orders to vendors. The City has not had an experience where a department encumbers more than it has appropriated. If an unanticipated need arises, the Mayor, Finance Department and department return to the City Council for additional appropriation authority. Open encumbrances are reviewed at the end of the year. They are either closed as the purchase is no longer valid, or they are reported as reservations of fund balances as of December 31, 2000. err The City receives resources from other State and Federal agencies under a variety of programs. Resources received from the State and Federal government are subject to various specified controls and compliance standards. The SAO annually reviews these expenditures for compliance. Monies received from the Federal government are also subject to audit according to standards established by the Single Audit Act and 1996 Amendments and related OMB Circular A-133. Both State and Federal grants require the City design, implement and monitor an internal control structure that satisfies each grant. Further, the City is also audited by the Washington State Department of Revenue to ensure compliance with various tax laws. Any audit reports prepared separately than the annual SAO audit is not included in the Comprehensive Annual Financial Report, but can be provided upon request. The City has had no material findings in any other audit. r. CITY OF RENTON, WASHINGTON Fund Descriptions ' The accounts of the City are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. The operation of each fund , is accounted for by a separate set of self-balancing accounts that comprise its assets, liabilities and fund equity, revenue as applicable, expenditures and expenses. The individual funds account for the governmental resources allocated to them for the , purpose of continuing specific activities in accordance with special regulations, restrictions or limitations. The funds used by the City are grouped into the following fund types. 1 Governmental Funds. Governmental funds are used to account for the programs and activities of the governmental functions of the City. t General Fund: The General Fund serves as the general fund. In this fund we account for all the costs of public safety, building, planning, human services, general ' administration and all other activities and financial resources except those required to be accounted for in another fund. Special Revenue Funds: Special Revenue Funds are used to account for the ' proceeds of specific revenue sources that are legally restricted to expenditures for specified purposes. We have special revenue funds for our parks, library and street , activities, as well as several other activities. The City also allocates general governmental revenue, such as property tax, to these funds to help offset the costs of these activities. ' Debt Service Funds: Debt Service Funds are used to account for the resources devoted to the payment of interest and principal on long-term capital obligation debt other than those payable from specific governmental funds and Enterprise Funds. Capital Projects Funds: Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by Enterprise Funds). Proprietary Funds. Proprietary funds are used to account for ongoing organizations and activities that are similar to those found in the private sector. Enterprise Funds: Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises. The intent is that costs (expenses, including amortization and depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges. Internal Service Funds: Internal Service Funds are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the governmental unit, or to other governmental units, on a cost reimbursement basis. 8 CITY OF RENTON,WASHINGTON r Fiduciary Funds. Fiduciary funds are used to account for assets held by a governmental unit in a trustee capacity or as an agent for individuals, private organizations and other governmental units and funds. Trust and Agency Funds: Trust and Agency funds are used to account for assets ,r held by Expendable Trust Funds, Pension Trust Funds and Agency Funds. Account Groups. In addition to the several generic funds described above, the City uses account groups to establish accounting control and accountability for the City's general fixed assets and general long-term debt. The two account groups are described below: r�r General Fixed Assets Account Group: The General Fixed Assets Account Group is used to account for all fixed assets of the City other than those accounted for in proprietary funds and certain fiduciary funds. General Long Term Debt Account Group: The General Long Term Debt Account Group is used to account for all long-term debt of the City except debt accounted for in specific governmental funds, proprietary funds and certain fiduciary funds. General Government Functions. These are general municipal activities and services. The activities include, but are not limited to, public safety, parks, library, building, planning, courts, legal, debt costs and general administration. Within these funds are the capital funds. General Fund: In 2000 we collected $3.3 million more in revenue than we expended. This increase came primarily from gambling taxes and charges for services. We continue to see building related fees much higher than we anticipated. REVENUE 2000 1999 Taxes $29,822,126 $27,878,475 Licenses And Permits 2,568,757 1,687,572 +r�r Intergovernmental Revenue 2,156,609 2,299,474 Charges For Services 4,129,214 3,867,738 Fines And Forfeits 974,273 797,657 Interest 1,318,783 1,161,911 Miscellaneous Revenue 100,451 75,563 TOTAL REVENUE $41,070,213 $37,768,390 Expenditures from the General Governmental Fund amounted to $36,716,341 as of December 31, 2000. This was 5.4 percent above 1999 levels. This growth was experienced generally in labor costs. There were no unusual expenditures in 2000 or 1rr any that did not follow budgetary expectations. The expenditures were as follows: 9 CITY OF RENTON, WASHINGTON EXPENDITURES ' 2000 1999 Current: General Government $ 8,512,651 $ 8,065,131 Security Of Persons And Property 22,861,304 21,336,276 Physical Environment 1,769,012 1,892,549 Economic Environment 3,345,054 2,919,978 Mental And Physical Health 8,599 8,486 Culture and Recreation 25,370 0 Capital Outlay 194,351 573,298 Debt Service: Principal Retirement 0 33,018 Interest & Fiscal Charges 0 2,848 ' TOTAL EXPENDITURES $36,716,341 $ 34,831,584 Special Revenue Funds: The Park, Library and Street Funds provide the next level ' of general services after the General Fund. Also, in this fund type is the Hotel/Motel Fund used for our marketing work. Debt Service Funds: With the exception of revenue bonds and other debt issued by Enterprise Funds, long-term debt is serviced through these types of funds. During 2000, the City collected $3.7 million dollars in property taxes and $377,000 from assessments for the payment of $3.6 million dollars in debt service annual requirements. The City took on no additional external debt in 2000. Capital Project Funds: The City has eight funds for capital improvements. In p p 1997 the City purchased a building and began to renovate it as a new City Hall. In 2000 we completed the public access amenities and have one floor rented out to a private business. In the Capital Improvement Funds the City tracks all transportation capital improvements, park and general improvements. The most significant expenditure in 2000 occurred in the Fire Mitigation Fund. The City purchased a new 1 pumper and fire trucks from these monies in 2000. Next year the City will be using these monies for the property purchase and construction of a fire station. Pro rieta Operations. Within these funds the activities the Cit P ry p y provides are operated similar to a private function. The fees must cover the program costs and other revenue earned. The City owns and operates its own water utility. We do not purchase water l from the City of Seattle like many of our neighbors. This one fund is the largest of all the W proprietary funds. Further, this fund must cover the costs of all its capital requirements. The building of the water infrastructure is the one area that changes the most dramatically from year to year, depending on environmental requirements. 10 CITY OF RENTON, WASHINGTON �r Enterprise Funds: The Water Utility Fund had an operating income of $4 million dollars at the end of the year. Because of this cash surplus and the fact that environmental requirements have added complexity to general project construction, we did not have to borrow any funds in 2000 to meet the fund's capital requirements. Also, the City increased only the surface water charges in 2000. Water and sewer „r charges were not increased. Renton's customers are charged a monthly fee for water, sewer and surface water based on actual use or impervious surface. Renton residents are also charged a monthly fee from King County for their costs in providing regional water treatment. The City is responsible for billing and collecting this fee for King County. The Airport Fund had a normal year in 2000, after a very active 1999. In 2000 the Airport had a net income of nearly$150,000. „„ In 2000 the City completed negotiations with a third party vendor for solid waste curbside collection. After a year long process, the City selected the same vendor we have used for over a decade, Waste Management, Inc. The City was able to get weekly yard waste collection throughout the year, various different new service levels and different options for commercial containers. The City had a loss of $263,449 in this fund in 2000 because new rates were not identified in 2000 to cover new services. Nonetheless, the fund ended with a healthy balance of $600,000, or 8 percent of monthly operating requirements. The Maplewood Golf Course continues to exceed expectations. In 2000 the operations earned approximately $200,000 more than expenses. There were 600 more rounds of golf. The income from the rental of golf and pull carts is a growing line of business that r. generated over$17,000, or 6.7 percent in 2000. Internal Service Funds: These funds are used to track the City's costs of certain activities. The Equipment Rental fund tracks the costs of maintaining the City's rolling stock. The City self-insures its employees basic health, dental and industrial insurance costs. In addition to these costs, the Insurance Fund also pays for all liability claims up to a maximum of $250,000. If a claim is above this limit, the City has purchased various insurance coverage from independent brokers to cover such claims. In 2000 the City continued its focus on building reserves in the Equipment Rental and Insurance funds. We are building reserves in Equipment Rental to ensure the timely replacement of large rolling stock. We estimate that each year we spend $750,000 to rrr $1,000,000 for regular cars and trucks. Each third year this amount will increase by $350,000 to $750,000 to purchase one or two large pieces of rolling stock. ir. In 2000 we spent $1,000,000 on capital equipment. This included the purchase of a $350,000 vactor and a new electric car. The vactor is used to clean the City's sewer and water pipes. This piece of equipment is over$300,000 and has a very short life. The rr electric car is used for in town commuting. We are testing it to see how it will work for +rr 11 CITY OF RENTON, WASHINGTON meter readers. These were in addition to the normal ten car olice replacements and ' P other standard stock. The Equipment Rental fund ended the year with $2.1 million in cash reserves for future replacements. This year represented the first stable year with the Washington Cities Insurance Authority (WCIA). While we changed carriers in 1999, there were many outstanding issues. This ' past year better represented the true costs and benefits of changing to this consortium. The service has been exceptional. The City ended the year with fewer outstanding issues than in past years. Our costs were lower by nearly $1,000,000. We were able to ' build our reserves by nearly $800,000. The City ended 2000 with an unreserved Insurance fund balance of $3 million. Fiduciary Fund Types. In the City of Renton these funds include the Firemen's Pension ' Fund, Special Deposit Fund, Payroll Clearing Fund and a Deferred Compensation Fund. Firemen's Pension Fund: This fund must be maintained by the City to pay the ' retirement benefits for all fire officers who were employed prior to 1977. The City ended the year with over $8 million in assets to cover future costs. An actuarial study is ' conducted to determine the future needs of this fund. The City is in the process of updating the biennial actuarial study. However, the last study noted we would need less than $6 million for call costs. These investments are now invested in Federal Treasury instruments. Special Deposit Fund: This is a holding fund for deposits and other special revenue. When the obligations of the receipts have been made, we release the monies. It is a small impact on our overall operations. Payroll Clearing Fund: This fund is used to account for payroll liabilities outstanding at various times during a payroll cycle. Deferred Compensation Fund: Established in 1986 to account for the Deferred Compensation plan assets and liabilities. At the end of 2000, this fund was closed in accordance with Governmental Accounting Standards Board (GASB) Statement No. 32. Debt Administration. The ratio of net tax-supported bonded debt to assessed valuation and net tax-supported bonded debt per capita are useful indicators of the City's debt position. A comparison of these ratios follows. w 12 CITY OF RENTON,WASHINGTON err 4r 2000 1999 Net tax supported bonded debt $22,248,983 $24,462,390 Net tax supported bonded debt per capita $461 $514 Net tax supported bonded debt as a .49% .57% percentage of assessed valuation. - The City's latest bond issues, excluding debt issued by component units, were rated as follows: STANDARD AND MOODY'S FITCH POOR'S General Obligation Al A+ A+ +�+ Water/Sewer Revenue Bonds Al A+ A+ The City issued no new debt in 2000. irr Cash Management and Investments. The City has an adopted Cash and Investments policy that states the primary objectives of cash and investment management in priority order are safety, liquidity and return on investment. As of December 31, 2000 Renton had $39,738,881 in Category I investments. We had only $98,272 in Category II investments and no investments were in Category III. �r Risk Management. In late 1998 the City significantly changed its insurance strategy by joining the Washington Cities Insurance Authority (WCIA). The WCIA is a consortium of Washington State cities that purchases excess coverage in large blocks, thus leveraging the market. It has a professional staff, but is provided monthly oversight by a board made up of City representatives. In most cases the City has a deductible that ranges from $25,000 to a maximum of $250,000. In addition, the City purchases excess medical coverage from Safeco; and life and disability insurance from UNUM. Independent Audit The financial records, books of accounts and transactions of the City and its components for the fiscal year ended December 31, 2000, have been audited by the kv State of Washington Auditor's Office (SAO) as mandated by State law. Their opinion is included in the Financial Section of this report. The financial statements are the responsibility of the City. The responsibility of the SAO is to express an opinion on the City's financial statements based on their audit. An audit is conducted in accordance with generally accepted auditing standards. Those standards require that the audit be planned and performed in a manner to obtain a reasonable assurance as to whether the financial statements are free of material misstatement. rw 13 CITY OF RENTON, WASHINGTON ' Awards ' The Governmental Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to ' the City for its Comprehensive Annual Financial Report for the fiscal year ended December 31, 1999. In order to be awarded a Certificate of Excellence, a governmental unit must ' g publish an easily readable and efficiently organized Comprehensive Annual Financial Report, the contents of which conform to program standards. Such reports must satisfy both i generally accepted accounting principles and applicable legal requirements. A Certificate of Excellence is valid for a period of one year only. We believe our ' current report continues to conform to the Certificate of Excellence Program requirements and we are submitting it to GFOA to determine its eligibility for another ' certificate. Responsibility and Acknowledgement ' The Finance and Information Services Department prepared the Comprehensive Annual Financial Report for the fiscal year ended December 31, 2000. We believe that the information presented is accurate in all material respects and that this report fairly presents the financial position and results of operations of the various funds and ' account groups of the City. The preparation of the Comprehensive Annual Financial Report results in the document , here before you. However, without the dedication of staff both in the Finance Division and throughout all departments of the City, this Report would not be possible. The Report is completed in a timely manner by the Finance Division staff, led by Gina Jarvis, the City's Accountant with her staff, Linda Dixon. I would like to express my appreciation to my staff and all personnel throughout City Hall that ensure our financial records are maintained appropriately, timely and accurately every day of the year. Also, I would like to thank the Mayor and City Council for their continued interest and support in the financial operations of the City. Respectfully submitted, r Victoria A. Runkle ' Finance & Information Services Administrator r 14 ' CITY OF RENTON,WASHINGTON ow wr as Certificate of Achievement for Excellence in Financial Reporting Presented to City of Renton, Washington For its Comprehensive Annual Financial Report wr for the Fiscal Year Ended December 31, 1999 A Certificate of Achievement for Excellence in Financial Reporting is presented by the Government Finance Officers rr Association of the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial reports(CAFRs)achieve the highest rr standards in government accounting and financial reporting, f i f 1 UNTIED STA u. AMD `""RAT resident z G3RPDDATOD S GA 33£3L cxsAs^. Y2(at.t." Director r wry 15 DDr CITY OF RENTON, WASHINGTON ' CITY OF RENTON CORPORATE ORGANIZATION STRUCTURE RENTON CITIZENS CITY COUNCIL ' Dan Clawson,President, Toni Nelson, Randy Corman,Kathy Keolker-Wheeler, King Parker,Don Persson,&Terri Briere 430-6501 ' MAYOR Jesse Tanner 430-6500 CHIEF ADMINISTRATIVE OFFICER ' Jay Covington 430-6.500 HUMAN RESOURCES PLANNING/BUILDING/ EXECUTIVE DEPARTMENT FINANCE& ' L RISK MANAGEMENT PUBLIC WORKS 430-6500 INFORMATION SERVICES Michael Webby,Administrator Gregg Zimmerman,Administrator Victoria Runkle,Administrator 430-7650 430-7394 4346858 Risk Management Development Services Mayors Office Fiscal Services Ned Watts,Director Derek Todd Paul Kusakabe,Director g Human Resources Transportation Systems City Attorney Sandra Meyer,Director Larry Warren Budgeting &Accounting Civil Service Commiss'on Utility Systems Hearing Examiner Lys Hornsby,Director Fred Kaufman Information Services MaintenanceSery ces Municipal Court Jack Crumley,Director Terry Lee Jurado,Judge Printing Services City Clerk Marilyn Petersen FIRE DEPARTMENT POLICE DEPARTMENT COMMUNITY SERVICES ECONOMIC DEV,NEIGHBORHOODS A.Lee Wheeler,Chief Garry Anderson,Chief Jim Shepherd,Administrator &STRATEGIC PLANNING 430-7501 4347507 4346600 Sue Carlson,Administrator 4346580 Operations Operations/Support Facilities Economic Development Art Larson,Deputy Fie Chief Joseph Peach,Deputy Chief Dennis Culp.Director Betty Nokes,Director Recreation Suppress on PatrolOperatons Sylvia Allen,Director Parks Administration/Support Services Patrol Services Leslie Betlach,Director Glen Gordon,Deputy Fire Chief Library Invesfgations Clark Petersen,DirectorTris Hing/Support Services Human Services Administrative Services Karen Marshall,Manager Fire Prevent on Capital Improvement Projects Staff Services Glenn Kost,Manager Emergency Management Safety Auxiliary Services 16 Financial Section miss Q who was cc : 75, a r� 1r b Irr Washington State Auditor (360)902-0370 Legislative Building FAX(360)753-0646 PO Box 40021 Brian Sonntag TDD Relay 1-800-833-6388 Olympia,Washington 98504-0021 http://www.sao.wa.gov INDEPENDENT AUDITOR'S REPORT June 22, 2001 Honorable Mayor and City Council City of Renton Renton, Washington w„ We have audited the accompanying general purpose financial statements of the City of Renton, King County, Washington, as of and for the year ended December 31, 2000, as listed in the table of contents. These financial statements are the responsibility of the City's management. Our responsibility is to express an opinion on these financial statements based on our audit. �r We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. Our audit was performed pursuant to the Revised Code of Washington 43.09.260, under which a full report on the results of this audit will be issued. This report may include findings and recommendations on compliance matters, internal control procedures, and questionable costs or contingencies that would not be material in relation to the general purpose financial statements taken as a whole. In our opinion, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of the City of Renton, King County, Washington, as of December 31, 2000, and the results of its operations and cash flows of its proprietary fund types for the year then ended in conformity with generally accepted accounting principles. Our audit was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The combining, individual fund, and account group financial statements and schedules listed in the table of contents are presented for purposes of additional analysis and are not a required part of the general purpose financial statements of the City of Renton, King County, Washington. Such information has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly stated, in all material respects, in relation to the general purpose financial statements taken as a whole. r The other data included in this report, designated as the statistical section in the table of contents, has not been audited by us and, accordingly, we express no opinion on such data. Sincerely, 60 -4 - C4�-- BRIAN SONNTAG, CGFM STATE AUDITOR CITY OF RENTON, WASHINGTON ' THIS PAGE INTENTIONALLY LEFT BLANK , 1 18 ' v.v..... © � m« » . . . . . . . ,� � . . . c� General Purpose Financial Statements CITY OF RENTON, WASHINGTON GENERAL PURPOSE FINANCIAL STATEMENTS DECEMBER 31, 2000 The General Purpose Financial Statements are the combined financial statements that, together with the accompanying notes, constitute the minimum financial reporting needed for fair presentation in conformity with Generally Accepted Accounting Principles. 19 CITY OF RENTON, WASHINGTON ' COMBINED BALANCE SHEET-ALL FUND TYPES AND ACCOUNT GROUPS ' DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 2) GOVERNMENTAL FUND TYPES ' SPECIAL DEBT CAPITAL GENERAL REVENUE SERVICE PROJECTS ASSETS: Cash and Cash Equivalents-Note 3 $ 637,230 $ 2,582,945 $ 2,240,329 6,831,75 Cash With Fiscal Agent 0 0 391,000 $ 02 Deferred Compensation Plan Assets-Note 4 0 0 0 0 Investments at Fair Value-Note 3 8,022,110 1,808,375 250,391 15,635,737 Receivables,Net of Allowance for Uncollectibles-Note 5: 4,453,049 37,164 1,075,415 143,417 Due From Other Funds-Note 5 4,886 29,876 127,321 126,943 Due From Other Governmental Units-Note 5 144,649 46,192 0 1,960,921 Inventory of Material and Supplies-Note 1 0 0 0 0 Prepaid Items-Note 8 8,000 0 0 0 , Investment in Joint Venture-Note 9 0 0 0 0 Restricted Assets: Deposits 88,617 0 0 0 Revenue Bond Debt Service 0 0 0 0 Construction Account 0 0 0 0 ' Interfund Loans/Advances-Non-Current-Note 5 75,000 0 0 1,180,000 Note Receivable-Non-Current-Note 5 0 0 0 0 Fixed Assets(Net)-Note 1 &7 0 0 0 0 Construction In Progress-Note 7 0 0 0 0 ' Deferred Charges and Other Assets-Note 13 0 0 0 0 Available in Debt Service&Capital Project Funds 0 0 0 0 Amount To Be Provided Long Term Debt Retirement 0 0 0 0 TOTAL ASSETS $ 13.433.541 $ 4.504.552 $ 4.084.456 $ 25.878.770 LIABILITIES,EQUITY AND OTHER CREDITS: ' LIABILITIES: Vouchers/Contracts Payable $ 469,445 $ 434,001 $ 517 $ 754,394 Retainage Payable 0 0 0 313,594 Due To Other Funds-Note 5 254,263 0 0 32,945 Due To Other Governmental Units-Note 5 1,695,248 0 0 0 Payables-Note 5 938 7,473 391,000 27,096 Deferred Revenues 2,469,428 0 1,039,444 0 Liabilities Payable from Restricted Assets: Deposits Payable 0 0 0 0 Capital Leases Payable-Current-Note 12 0 0 0 0 Revenue Bonds Payable-Current Portion-Note 12 0 0 0 0 Deposits Payable 0 18,430 0 0 General Obligation Bonds Payable-Note 12 0 0 0 0 Special Assessment Debt With Government Commitment-Note 12 0 0 0 0 Revenue Bonds Payable-Note 12 0 0 0 0 Unamortized Discounts on Revenue Bond 0 0 0 0 Accrued Employee Leave Benefits-Note 1 & 12 207,214 71,383 0 0 T Deferred Compensation Payable-Note 4 0 0 0 0 Interfund Loans/Advances-Non-Current-Note 5 0 75,000 0 1,180,000 Claims Incurred But Not Reported-Note 17 0 0 0 0 Capital Leases Payable-Note 12 0 0 0 0 Installment Purchase Contracts-Note 12 0 0 0 0 Public Works Trust Fund Loan Payable-Note 12 0 0 0 0 TOTAL LIABILITIES 5,096,536 606,287 1,430,961 2,308,029 FUND EQUITY AND OTHER CREDITS: Fund Balance: Reserved-Note 1 & 14 311,673 0 2,653,495 0 Unreserved-Designated-Note 14 132,529 0 0 0 Unreserved-Undesignated 7,892,803 3,898,265 0 23,570,741 Contributed Capital 0 0 0 0 ' Retained Earnings: Reserved-Note 1 & 14 0 0 0 0 Unreserved 0 0 0 0 Investments in Joint Venture/General Fixed Assets 0 0 0 0 , TOTAL FUND EQUITY AND OTHER CREDITS 8,337,005 3,898,265 2,653,495 23,570,741 TOTAL LIABILITIES,EQUITY AND OTHER CREDITS $ 13.433.541 $ 4.504552 $ 4.084.456 $ 25.878.770 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS STATEMENT 20 CITY Of RENTON,WASHINGTON ■r COMBINED BALANCE SHEET-ALL FUND TYPOS AND ACCOUNT GROUPS DECEMBER 31,2000 to WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 2 OF 2) PROPRIETARY FUND TYPES FIDUCIARY ACCOUNT GROUPS COMPARATIVE TOTALS INTERNAL TRUST GENERAL GENERAL LONG (MEMORANDUM ONLY) ENTERPRISE SERVICE AND AGENCY FIXED ASSETS TERM DEBT 2000 1999 $ 6,330,546 $ 2,298,953 $ 1,104,016 $ 0 $ 0 $ 22,025,771 $ 16,611,117 0 0 0 0 0 391,000 397,000 0 0 0 0 0 0 20,437,037 4,080,313 4,987,199 6,277,071 0 0 41,061,196 38,351,580 4,157,091 249,938 978,734 0 0 11,094,808 9,719,547 87 0 0 0 0 289,113 442,610 416,394 876 0 0 0 2,569,032 3,374,842 389,063 101,480 0 0 0 490,543 721,715 0 3,000 0 0 0 11,000 31,156 0 0 0 2,546,163 0 2,546,163 1,968,198 32,329 0 0 0 0 120,946 142,679 4,991,315 0 0 0 0 4,991,315 5,300,612 1,260,390 0 0 0 0 1,260,390 1,589,322 0 0 0 0 0 1,255,000 675,000 21,041 0 0 0 0 21,041 44,514 154,448,185 4,895,670 0 120,956,220 0 280,300,075 261,730,597 5,119,753 0 0 3,207,433 0 8,327,186 12,329,559 48,000 0 0 0 0 48,000 64,000 IW 0 0 0 0 2,653,495 2,653,495 2,987,015 0 0 0 0 26,236,595 26,236,595 28,521,306 $ 181.294.507 $ 12.537.116 $ 8.359.821 $ 126.709.816 $ 28.890.090 $ 405.692.669 $ 405.439.406 $ 1,283,900 $ 145,498 $ 1,500 $ 0 $ 0 $ 3,089,255 $ 4,431,392 85,256 0 0 0 0 398,850 434,715 1,904 0 0 0 0 289,112 442,612 706,124 0 0 0 0 2,401,372 2,267,052 394,112 3,115 144 0 0 823,878 841,470 171,515 0 0 0 0 3,680,387 3,949,864 160,569 0 0 0 0 160,569 141,285 40,954 0 0 0 0 40,954 17,583 1,950,000 0 0 0 0 1,950,000 1,840,000 0 3,462 311,957 0 0 333,849 258,699 0 0 0 0 24,126,908 24,126,908 26,223,908 0 0 0 0 320,000 320,000 680,000 23,070,000 0 0 0 0 23,070,000 25,020,000 (1,412,476) 0 0 0 0 (1,412,476) (1,497,331) 387,037 33,213 0 0 4,224,352 4,923,199 5,102,250 0 0 0 0 0 0 20,437,037 0 0 0 0 0 1,255,000 675,000 0 1,761,964 0 0 0 1,761,964 2,184,914 45,656 0 0 0 0 45,656 24,693 0 0 0 0 218,830 218,830 313,015 8,009,825 0 0 0 0 8,009,825 8,440,182 34,894,376 1,947,252 313,601 0 28,890,090 75,487,132 102,228,340 0 0 8,046,220 0 0 11,011,388 9,963,922 0 0 0 0 0 132,529 116,623 0 0 0 0 0 35,361,809 29,838,137 108,362,378 2,282,377 0 0 0 110,644,755 104,300,185 10,922,088 0 0 0 0 10,922,088 10,335,911 27,115,665 8,307,487 0 0 0 35,423,152 29,640,402 0 0 0 126,709,816 0 126,709,816 119,015,886 146,400,131 10,589,864 8,046,220 126,709,816 0 330,205,537 303,211,066 w $ 181.294.507 $ 12.537.116 $ 8.359.821 $ 126.709.816 $ 28.890.090 $ 405.692.669 $ 405.439.406 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS STATEMENT 21 CITY OF RENTON,WASHINGTON ' COMBINED STATEMENT OF REVENUES,EXPENDITURES,AND CHANGES IN FUND BALANCES FOR ALL GOVERNMENTAL FUND TYPES YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 1) GOVERNMENTAL FUND TYPES COMPARATIVE TOTALS ' SPECIAL DEBT CAPITAL (MEMORANDUM ONLY) GENERAL REVENUE SERVICE PROJECTS 2000 1999 REVENUES t Taxes $ 29,822,126 $ 12,816,716 $ 3,726,976 $ 1,496,583 $ 47,862,401 $ 44,281,764 Licenses And Permits 2,568,757 61,558 0 1,927,599 4,557,914 3,793,839 Intergovernmental Revenues 2,156,609 1,582,234 0 3,161,453 6,900,296 6,381,894 Charges For Services 4,129,214 1,692,763 0 2,022,850 7,844,827 7,163,244 Fines And Forfeits 974,273 33,825 0 0 1,008,098 831,327 Special Assessments 0 0 377,858 0 377,858 669,885 Contributions 36,193 27,399 0 0 63,592 4,041 Interest 1,318,783 244,234 218,200 1,193,311 2,974,528 2,217,913 Miscellaneous Revenues 64,258 455,971 0 191,852 712,081 690,905 TOTAL REVENUES 41,070,213 16,914,700 4,323,034 9,993,648 72,301,595 66,034,812 EXPENDITURES Current: ' General Government 8,512,651 2,135,401 0 209,870 10,857,922 10,055,939 Security Of Persons And Property 22,861,304 0 0 0 22,861,304 21,336,276 Physical Environment 1,769,012 0 0 0 1,769,012 1,892,549 Transportation 0 5,118,420 0 5,202,299 10,320,719 10,694,862 t Economic Environment 3,345,054 982,021 0 8,871 4,335,946 3,802,380 Mental And Physical Health 8,599 0 0 0 8,599 8,486 Culture and Recreation 25,370 6,577,067 0 0 6,602,437 6,159,132 Capital Outlay 194,351 120,973 0 7,131,451 7,446,775 10,984,907 Debt Service: , Principal Retirement 0 0 2,481,025 0 2,481,025 2,707,994 Interest&Fiscal Charges 0 0 1,205,281 3,000 1,208,281 1,345,588 TOTAL EXPENDITURES 36,716,341 14,933,882 3,686,306 12,555,491 67,892,020 68,988,113 EXCESS(DEFICIENCY)OF REVENUES ' OVER EXPENDITURES 4,353,872 1,980,818 636,728 (2,561,843) 4,409,575 (2,953,301) OTHER FINANCING SOURCES(USES) Proceeds Of Long-Term Debt 0 0 0 0 0 38,990 Interfund Loan Proceeds 0 0 0 0 0 148,000 Interfund Loan Repayments 0 0 0 0 0 (148,000) Operating Transfers In 0 0 77,650 3,569,911 3,647,561 4,369,858 Operating Transfers(Out) (1,560,051) (1,003,500) (92,898) (1,006,360) (3,662,809) (4,026,247) Sale Of General Fixed Assets 78,962 30,000 0 931,442 1,040,404 926,565 ' TOTAL OTHER FINANCING SOURCES(USES) (1,481,089) (973,500) (15,248) 3,494,993 1,025,156 1,309,166 EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER ' EXPENDITURES AND OTHER FINANCING USES 2,872,783 1,007,318 621,480 933,150 5,434,731 (1,644,135) FUND BALANCE JANUARY 1 5,464,222 2,890,947 2,987,015 21,682,591 33,024,775 34,668,911 Residual Equity Transfers In 0 0 0 955,000 955,000 6,325,974 Residual Equity Transfers Out 0 0 (955,000) 0 (955,000) (6,325,975) ' FUND BALANCE DECEMBER 31 $ 8.337.005 $ 3.898.265 $ 653,495 $ 23.570.741 $ 38.459.506 $ 33.024.775 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS STATEMENT 22 ' CITY OF RENTON,WASHINGTON IN COMBINED STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES,BUDGET AND ACTUAL to GENERAL,SPECIAL REVENUE,DEBT SERVICE, AND CAPITAL PROJECTS FUND TYPES YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE ACTUAL TOTALS FOR YEAR ENDED DECEMBER 31,1999 IN (PAGE 1 OF 4) GENERAL FUND VARIANCE IN FAVORABLE BUDGET ACTUAL <UNFAVORABLE> REVENUES IN Taxes $ 29,384,753 $ 29,860,285 $ 475,532 Licenses And Permits 1,522,620 2,574,275 1,051,655 Intergovernmental Revenues 1,595,254 1,923,024 327,770 Charges For Services 3,727,896 4,130,024 402,128 Fines And Forfeits 727,440 903,864 176,424 Special Assessments 0 0 0 Contributions 24,510 36,193 11,683 Interest 758,600 1,108,224 349,624 Miscellaneous Revenues 27,680 64,253 36,573 TOTAL REVENUES 37,768,753 40,600,142 2,831,389 EXPENDITURES Current: General Government 9,217,825 8,513,589 704,236 Security Of Persons And Property 23,308,631 22,889,748 418,883 Physical Environment 1,826,928 1,769,642 57,286 Transportation 0 0 0 Economic Environment 3.497,795 3,346,564 151,231 Mental And Physical Health 10,500 8,599 1,901 Culture and Recreation 0 25,370 (25,370) Capital Outlay 191,795 194,350 (2,555) Debt Service: Principal Retirement 0 0 0 Interest&Fiscal Charges 0 0 0 TOTAL EXPENDITURES 38,053,474 36,747,862 1,305,612 EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES (284,721) 3,852,280 4,137,001 OTHER FINANCING SOURCES(USES) Proceeds Of Long-Term Debt 0 0 0 Interfund Loan Proceeds 0 0 0 Interfund Loan Repayments 0 0 0 Operating Transfers In 0 0 0 Operating Transfers(Out) (1,560,051) (1,560,051) 0 Sale Of General Fixed Assets 0 78,963 78,963 TOTAL OTHER FINANCING SOURCES(USES) (1,560,051) (1,481,088) 78,963 EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES (1,844,772) 2,371,192 4,215,964 FUND BALANCE JANUARY 1 5,373,397 5,373,397 0 Residual Equity Transfers In 0 0 0 Residual Equity Transfers(Out) 0 0 0 FUND BALANCE DECEMBER 31 $ 3.528.625 $ 7.744.589 $ 4211964 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS STATEMENT I� ills 23 be CITY OF RENTON, WASHINGTON ' COMBINED STATEMENT OF REVENUES,EXPENDITURES ' AND CHANGES IN FUND BALANCES,BUDGET AND ACTUAL GENERAL,SPECIAL REVENUE,DEBT SERVICE, AND CAPITAL PROJECTS FUND TYPES YEAR ENDED DECEMBER 31,2000 ' WITH COMPARATIVE ACTUAL TOTALS FOR YEAR ENDED DECEMBER 31, 1999 (PAGE 2 OF 4) SPECIAL REVENUE FUND TYPES VARIANCE ' FAVORABLE BUDGET ACTUAL <UNFAVORABLE> REVENUES ' Taxes $ 12,398,386 $ 12,816,715 $ 418,329 Licenses And Permits 20,000 61,018 41,018 Intergovernmental Revenues 1,613,055 1,418,254 (194,801) Charges For Services 1,561,904 1,696,522 134,618 ' Fines And Forfeits 25,000 33,825 8,825 Special Assessments 0 0 0 Contributions 1,000 27,899 26,899 Interest 135,250 208,804 73,554 Miscellaneous Revenues 514,515 475,170 (39,345) TOTAL REVENUES 16,269,110 16,738,207 469,097 EXPENDITURES Current: ' General Government 2,132,210 2,135,079 (2,869) Security Of Persons And Property 0 0 0 Physical Environment 0 0 0 Transportation 5,710,882 5,122,567 588,315 Economic Environment 1,180,010 981,804 198,206 ' Mental And Physical Health 0 0 0 Culture and Recreation 6,762,370 6,581,292 181,078 Capital Outlay 228,928 120,971 107,957 Debt Service: Principal Retirement 0 0 0 Interest&Fiscal Charges 0 0 0 TOTAL EXPENDITURES 16,014,400 14,941,713 1,072,687 EXCESS(DEFICIENCY)OF REVENUES ' OVER EXPENDITURES 254,710 1,7967494 1,541,784 OTHER FINANCING SOURCES(USES) Proceeds Of Long-Term Debt 0 0 0 Interfund Loan Proceeds 0 0 0 Interfund Loan Repayments 0 0 0 Operating Transfers In 0 0 0 Operating Transfers(Out) (1,003,500) (1,003,500) 0 Sale Of General Fixed Assets 0 30,000 30,000 TOTAL OTHER FINANCING SOURCES(USES) (1,003,500) (973,500) 30,000 EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES (748,790) 822,994 1,571,784 i FUND BALANCE JANUARY 1 3,028,134 3,028,134 0 Residual Equity Transfers In 0 0 0 Residual Equity Transfers(Out) 0 0 0 FUND BALANCE DECEMBER 31 $ 2.279.344 $ 3.851.128 $ 1.571.784 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS STATEMENT s M 24 CITY OF RENTON,WASHINGTON am COMBINED STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES,BUDGET AND ACTUAL GENERAL,SPECIAL REVENUE,DEBT SERVICE, AND CAPITAL PROJECTS FUND TYPES YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE ACTUAL TOTALS FOR YEAR ENDED DECEMBER 31,1999 (PAGE 3 OF 4) DEBT SERVICE FUND TYPES CAPITAL PROJECTS FUND TYPES VARIANCE VARIANCE FAVORABLE FAVORABLE BUDGET ACTUAL <UNFAVORABLE> BUDGET ACTUAL <UNFAVORABLE> $ 3,175,900 $ 3,690,413 $ 514,513 $ 990,000 $ 1,459,600 $ 469,600 0 0 0 1,872,000 1,927,599 55,599 0 0 0 2,869,486 3,451,806 582,320 0 0 0 1,050,000 1,978,863 928,863 0 0 0 0 0 0 431,678 352,648 (79,030) 0 0 0 0 0 0 729,000 0 (729,000) 41,465 212,032 170,567 351,000 778,918 427,918 0 0 0 320,000 188,042 (131,958) 3,649,043 4,255,093 606,050 8,181,486 9,784,828 1,603,342 0 0 0 333,472 209,870 123,602 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14,597,500 5,207,795 9,389,705 0 0 0 50,000 8,871 41,129 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13,105,988 7,135,516 5,970,472 2,511,720 2,481,026 30,694 0 0 0 {r 1,228,973 1,205,281 23,692 0 0 0 3,740,693 3,686,307 54,386 28,086,960 12,562,052 15,524,908 (91,650) 568,786 660,436 (19,905,474) (2,777,224) 17,128,250 0 0 0 0 0 0 0 0 0 1,300,000 823,000 (477,000) 0 0 0 (700,000) (823,000) (123,000) 77,650 77,650 0 3,569,911 3,616,848 46,937 (95,000) (92,898) 2,102 (1,006,360) (1,006,360) 0 0 0 0 355,000 1,294,725 939,725 (17,350) (15,248) 2,102 3,518,551 3,905,213 386,662 (109,000) 553,538 662,538 (16,386,923) 1,127,989 17,514,912 2,891,274 2,891,274 0 18,963,112 18,963,112 0 0 0 0 955,000 955,000 0 (955,0001 (955,0001 0 0 0 0 $ 1.827.274 $ 2.489.812 $ 662.538 $ 3.531.189 $ 21.046.101 $ 17.514.912 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS STATEMENT 25 r CITY OF RENTON,WASHINGTON ' COMBINED STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES,BUDGET AND ACTUAL ' GENERAL,SPECIAL REVENUE,DEBT SERVICE, AND CAPITAL PROJECTS FUND TYPES YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE ACTUAL TOTALS FOR YEAR ENDED DECEMBER 31,1999 ' (PAGE 4 OF 4) COMPARATIVE TOTALS (MEMORANDUM ONLY) ' VARIANCE FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL REVENUES ' Taxes $ 45,949,039 $ 47,827,013 $ 1,877,974 $ 44,397,793 Licenses And Permits 3,414,620 4,562,892 1,148,272 3,780,303 Intergovernmental Revenues 6,077,795 6,793,084 715,289 5,637,817 Charges For Services 6,339,800 7,805,409 1,465,609 7,157,860 ' Fines And Forfeits 752,440 937,689 185,249 831,327 Special Assessments 431,678 352,648 (79,030) 689,931 Contributions 754,510 64,092 (690,418) 91,383 Interest 1,286,315 2,307,978 1,021,663 2,129,455 Miscellaneous Revenues 862,195 727,465 (134,730) 682,625 ' TOTAL REVENUES 65,868,392 71,378,270 5,509,878 65,398,494 EXPENDITURES Current: , General Government 11,683,507 10,858,538 824,969 10,058,875 Security Of Persons And Property 23,308,631 22,889,748 418,883 21,300,403 Physical Environment 1,826,928 1,769,642 57,286 1,892,541 Transportation 20,308,382 10,330,362 9,978,020 10,706,833 Economic Environment 4,727,805 4,337,239 390,566 3,814,967 Mental And Physical Health 10,500 8,599 1,901 8,486 Culture and Recreation 6,762,370 6,606,662 155,708 6,166,358 Capital Outlay 13,526,711 7,450,837 6,075,874 11,002,950 Debt Service: Principal Retirement 2,511,720 2,481,026 30,694 2,707,994 Interest&Fiscal Charges 1,228,973 1,205,281 23,692 1,345,588 TOTAL EXPENDITURES 85,895,527 67,937,934 17,957,593 69,004,995 EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES (20,027,135) 3,440,336 23,467,471 (3,606,501) OTHER FINANCING SOURCES(USES) Proceeds Of Long-Term Debt 0 0 0 38,990 Interfund Loan Proceeds 1,300,000 823,000 (477,000) 448,000 Interfund Loan Repayments (700,000) (823,000) (123,000) (448,000) Operating Transfers In 3,647,561 3,694,498 46,937 4,670,101 Operating Transfers(Out) (3,664,911) (3,662,809) 2,102 (4,587,778). Sale Of General Fixed Assets 355,000 1,403,688 1,048,688 563,283 TOTAL OTHER FINANCING SOURCES(USES) 937,650 1,435,377 497,727 684,596 EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES (19,089,485) 4,875,713 23,965,198 (2,921,905) FUND BALANCE JANUARY 1 30,255,917 30,255,917 0 33,177,823 Residual Equity Transfers In 955,000 955,000 0 6,325,974 Residual Equity Transfers(Out) (955,000) (955,000) 0 (6,325,975) FUND BALANCE DECEMBER 31 $ 11.166.432 $ 35.131.630 $ 23.965.198 $ 30.255.917 g THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS STATEMENT 26 CITY OF RENTON,WASHINGTON COMBINED STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN FUND EQUITY ALL PROPRIETARY FUND TYPES FOR THE YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31, 1999 (PAGE 1 OF 1) PROPRIETARY FUND TYPES COMPARATIVE TOTALS INTERNAL (MEMORANDUM ONLY) ENTERPRISE SERVICE 2000 1999 OPERATING REVENUES: Charges for Services $ 32,488,175 $ 9,360,243 $ 41,848,418 $ 38,939,057 Taxes 0 75,000 75,000 0 Other Operating Revenue 1,617,301 0 1,617,301 1,518,443 TOTAL OPERATING REVENUE 34,105,476 9,435,243 43,540,719 40,457,500 OPERATING EXPENSES: Operations and Maintenance 21,041,065 1,299,704 22,340,769 22,979,936 Benefit Payments 0 4,464,119 4,464,119 4,984,700 Professional Services 0 349,043 349,043 369,134 Administrative and General 1,946,945 477,592 2,424,537 2,327,372 Insurance 20,000 398,964 418,964 445,116 Taxes 2,930,181 0 2,930,181 2,805,983 Depreciation 3,840,277 834,121 4,674,398 4,194,709 TOTAL OPERATING EXPENSES 29,778,468 7,823,543 37,602,011 38,106,950 OPERATING INCOME(LOSS) 4,327,008 1,611,700 5,938,708 2,350,550 NON-OPERATING REVENUE(EXPENSE): Interest Revenue 928,049 572,095 1,500,144 707,380 Gain(Loss)on Sale of Assets 0 142,782 142,782 71,711 Other Non-operating Revenue(Expense) 194,780 (31,596) 163,184 437,814 Interest Expense (1,482,023) 0 (1,482,023) (1,460,295) Amortization of Debt Discount and Expense (80,472) 0 (80,472) (87,839) NON-OPERATING REVENUE NET OF EXPENSES (439,666) 683,281 243,615 (331,229) INCOME(LOSS)BEFORE OPERATING TRANSFERS 3,887,342 2,294,981 6,182,323 2,019,321 Operating Transfers In(Out) 15,248 0 15,248 (343,611) NET INCOME(LOSS) 3,902,590 2,294,981 6,197,571 1,675,710 Depreciation Reducing Grant Contributed Capital 171,356 0 171,356 155,212 INCREASE(DECREASE)IN RETAINED EARNINGS 4,073,946 2,294,981 6,368,927 1,830,922 RETAINED EARNINGS,JANUARY 1 33,963,807 6,012,506 39,976,313 38,145,391 Residual Equity Transfers In(Out) 0 0 0 0 RETAINED EARNINGS,DECEMBER 31 38,037,753 8,307,487 46,345,240 39,976,313 CONTRIBUTED CAPITAL,JANUARY 1 102,017,808 2,282,377 104,300,185 94,691,310 Capital Grants 128,087 0 128,087 2,729,352 Amortization on Capital Grants (171,356) 0 (171,356) (155,212) Other Contributed Capital 6,387,839 0 6,387,839 7,034,735 CONTRIBUTED CAPITAL,DECEMBER 31 108,362,378 2,282,377 110,644,755 104,300,185 FUND EQUITY,DECEMBER 31 $ 146.400.131 $ 10.589.864 $ 156.989.995 $ 144.276.498 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS STATEMENT I� 27 1rr CITY OF RENTON,WASHINGTON ' COMBINED STATEMENT OF CASH FLOWS-ALL PROPRIETARY FUND TYPES FOR THE YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31, 1999 (PAGE 1 OF 2) PROPRIETARY FUND TYPES COMPARATIVE TOTALS ' INTERNAL (MEMORANDUM ONLY) ENTERPRISE SERVICE 2000 1999 CASH FLOWS FROM OPERATING ACTIVITIES: Cash Received From Customers $ 31,009,998 $ 0 $ 31,009,998 $ 30,486,397 Cash Received From Other Funds for Goods and Services 407,330 9,343,520 9,750,850 8,414,322 Cash Payments to Suppliers for Goods and Services (16,419,322) (6,624,439) (23,043,761) (23,764,246) Cash Paid to Other Funds for Goods and Services (3,658,490) (481,900) (4,140,390) (3,954,012) ' Cash Paid to Employees (3,852,116) (511,772) (4,363,888) (4,167,121) Cash Paid for Taxes (1,788,619) 0 (1,788,619) (1,697,514) Other Operating Receipts 1,617,301 75,000 1,692,301 1,518,443 Other Non-Operating Receipts 248,593 (726) 247,867 492,959 NET CASH PROVIDED(USED)BY OPERATING ACTIVITIES 7,564,675 1,799,683 9,364,358 7,329,228 ' CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Operating Transfers From Other Funds 92,898 0 92,898 (343,611) Operating Transfers To Other Funds (77,650) 0 (77,650) 0 ' NET CASH PROVIDED(USED)BY NONCAPITAL FINANCING ACTIVITIES 15,248 0 15,248 (343,611) CASH FLOWS FROM CAPITAL FINANCING ACTIVITIES: Payments on Bond Issuance and Registration Fees 0 0 0 3,131 Proceeds From Sale of Equipment 21,674 142,782 164,456 93,320 , Acquisition and Construction of Capital Assets (11,134,828) (990,710) (12,125,538) (10,835,192) Capital Contributions 6,387,839 0 6,387,839 4,233,901 Capital Grants 110,090 0 110,090 4,136,577 Principal Payments on Bonds (1,795,666) 0 (1,795,666) (3,203,349) Interest Payments on Bonds (1,510,382) 0 (1,510,382) (1,965,643) , Payments on State Long-Term Loans (445,048) 0 (445,048) (283,696) NET CASH PROVIDED(USED)BY CAPITAL FINANCING ACTIVITIES (8,366,321) (847,928) (9,214,249) 17,820,951) CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds From Sale of Investments 3,150,000 1,250,000 4,400,000 6,399,196 Payments for Investments (1,749,579) (1,940,021) (3,689,600) (7,472,052) Interest on Investments 902,956 462,744 1,365,700 637,583 NET CASH PROVIDED(USED)BY INVESTING ACTIVITIES 2,303,377 (227,277) 2,076,100 (435,273) NET INCREASE(DECREASE)IN CASH AND CASH EQUIVALENTS 1,516,979 724,478 2,241,457 (1,270,607) ' CASH AND CASH EQUIVALENTS,JANUARY 1 11,097,601 1,574,475 12,672,076 13,942,683 CASH AND CASH EQUIVALENTS,DECEMBER 31 $ 12614.580 $ 9.798.953 $ 14.913.533 $ 17.672076 CASH AT THE END OF THE YEAR CONSISTS OF: Cash and Cash Equivalents $ 6,330,546 $ 2,298,953 $ 8,629,499 $ 5,748,543 Cash Restricted for: Deposits 32,329 0 32,329 33,599 Revenue Bond Debt Service 4,991,315 0 4,991,315 5,300,612 Construction Account 1,260,390 0 1,260,390 1,589,322 TOTAL CASH AT THE END OF THE YEAR $ 17.614.580 $ 2.798.953 $ 14.913.533 $ 12672076 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS STATEMENT 28 CITY Of RENTON, WASHINGTON COMBINED STATEMENT OF CASH FLOWS-ALL PROPRIETARY FUND TYPES FOR THE YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31, 1999 (PAGE 2 OF 2) PROPRIETARY FUND TYPES COMPARATIVE TOTALS w. INTERNAL (MEMORANDUM ONLY) ENTERPRISE SERVICE 2000 1999 RECONCILIATION OF OPERATING INCOME(LOSS)TO NET CASH PROVIDED(USED)BY OPERATING ACTIVITIES: ,.r Operating Income(Loss) $ 4,327,008 $ 1,611,700 $ 5,938,708 $ 2,350,550 Adjustments to Reconcile Operating Income(Loss) to Net Cash Provided(Used)By Operating Activities: Depreciation and Amortization of Deferred Charge 3,856,277 834,121 4,690,398 4,210,709 Other Non-Operating Revenue 194,780 (31,596) 163,184 437,814 "• (Increase)Decrease in Accounts Receivable (910,768) (2,133) (912,901) (378,712) (Increase)Decrease in Due From Other Funds/Governmental 469,101 50,870 519,971 (162,555) (Increase)Decrease in Inventory/Prepaid Items 269,299 (17,971) 251,328 (120,906) Increase(Decrease)in Vouchers/Contracts/Retainage Payable (410,964) (175,001) (585,965) 1,079,044 Increase(Decrease)in Due to Other Funds/Governmental (43,787) 0 (43,787) 24,166 Increase(Decrease)in Payables/Other Short Term Liabilities (2,352) (864) (3,216) 50,175 Increase(Decrease)in Customer Deposits 19,284 (34,684) (15,400) 35,537 Increase(Decrease)in Deferred Revenues (194,386) 0 (194,386) 286,838 Increase(Decrease)in Accrued Employee Leave Benefits (8,817) (11,809) (20,626) 72,699 Increase(Decrease)in Claims Incurred But Not Reported 0 (422,950) (422,950) (556,131) Total Adjustments 3,237,667 187,983 3,425,650 4,978,678 NET CASH PROVIDED(USED)BY OPERATING ACTIVITIES $ 7.564.675 $ 1.799.683 $ 9.364.358 $ 7.329.228 SCHEDULE OF NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES: ++� Fixed Assets Contributed By Developers $ 4,558,340 $ 0 $ 4,558,340 $ 1,936,868 Change in Fair Value of Investments 98,207 339,517 437,724 0 TOTAL NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES $ 4.656.547 $ 319.517 $ 4.996.064 $ 1.936.868 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS STATEMENT 4w ur ,r wir .r rr 29 .r CITY OF RENTON,WASHINGTON FIREMEN'S PENSION TRUST FUND STATEMENT OF CHANGES IN PLAN NET ASSETS FOR THE YEARS ENDED DECEMBER 31,2000 AND 1999 (PAGE 1 OF 1) 2000 1999 ' ADDITIONS: Others Contributions: Fire Insurance Premiums $ 44,582 $ 75,340 Investment Income: Interest Revenue 1,427,200 133,662 TOTAL ADDITIONS 1,471,782 209,002 DEDUCTIONS: , Benefit Payments 313,035 302,775 Administrative and General 6,434 6,499 TOTAL DEDUCTIONS 319,469 309,274 NET INCREASE(DECREASE) 1,152,313 (100,272) FUND BALANCE RESERVED FOR EMPLOYEES'PENSION BENEFITS: FUND BALANCE JANUARY 1 6,893,907 6,994,179 ' FUND BALANCE DECEMBER 31 $ 8.046.220 $ 6.893.907 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS STATEMENT r 30 CITY OF RENTON,WASHINGTON 1110 NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 NOTE 1 -SIGNIFICANT ACCOUNTING POLICIES The City of Renton was incorporated on September 6, 1901, and operates under the laws of the State of Washington applicable to a Non-Charter code city with a Mayor/Council form of government. Renton is served by a full-time Mayor and seven part-time Council members, all elected at large to four-year terms. The City provides the full range of municipal services authorized by State law, together with a Municipal Airport, a Waterworks Utility, a Solid Waste Utility, and a Municipal Golf Course. The accounting and reporting policies of the City of Renton, which conform to generally accepted accounting principles for governments, are regulated by the Washington State Auditor's Office, Division of Municipal Corporations. The City's significant accounting policies are described in the following notes. THE REPORTING ENTITY 11° Based on the criteria of Statement No. 14 of the Governmental Accounting Standards Board (GASB), the City's Comprehensive Annual Financial Report (CAFR) includes all funds, account groups, agencies and boards for which the City is financially accountable. Financial accountability is defined as follows: A primary government has substantial authority to appoint a voting majority of a component unit's board; the primary government has the ability to impose its will on a component unit; the component unit can provide a financial benefit to, or impose a 110 financial burden on the primary government; and the component unit is fiscally dependent on the primary government. The Renton Housing Authority has been excluded because the City neither reviews its budget nor is obligated to finance any of its deficits. The Mayor does appoint members to the Housing Authority Board, but the Board is fiscally independent of the City. BASIS OF PRESENTATION-FUND ACCOUNTING The accounts of the City are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. Each fund is accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues and 111, expenditures or expenses, as appropriate. The City's resources are allocated to and accounted for in individual funds according to the purpose for which they are spent and how they are controlled. The three broad fund categories, seven generic fund types, and two account groups presented in this report are described below. Governmental Fund Types 1'1 All Governmental Funds are accounted for on a spending or"financial flow' measurement focus. This means that generally only current assets and current liabilities are included on their balance sheets. Their reported fund balance (net current assets) is considered a measure of "available 1110 spendable resources." Governmental Fund operating statements focus on measuring changes in financial position, rather than net income; they present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. The General Fund is the general operating fund of the City. It accounts for all financial resources and transactions except those required to be accounted for in another fund. Special Revenue Funds account for the proceeds of specific revenue sources (other than special assessments, and major capital projects) that are legally restricted to expenditures for specified purposes. fm 31 r CITY OF RENTON, WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 , Debt Service Funds account for the accumulation of resources for, and the payment of, general long-term debt principal, interest, and related costs. Capital Projects Funds account for financial resources to be used for the acquisition or construction of major capital facilities other than those financed by Proprietary Funds. Proprietary Fund Types Proprietary Funds are accounted for on a cost of services or "capital maintenance" measurement focus. This means that all assets and all liabilities (whether current or non-current) associated with their activity are included on their balance sheets. Their reported fund equity (net total assets) is segregated into contributed capital and retained earnings components. Proprietary Fund operating statements present increases (revenues and gains) and decreases (expenses and losses) in net total assets. The Proprietary Fund measurement focus is based upon determination of net income, financial position, and reporting of cash flows. Enterprise Funds account for operations that are self-supported through user charges. The enterprise is financed and operated like a private business enterprise, which requires periodic determination of revenues earned, expenses incurred, and net income for capital maintenance, ' public policy, management controls, and accountability. Internal Service Funds account for the financing of goods or services provided by one department or agency to other departments or agencies of the City or to other governments. Pursuant to GASB Statement Number 20, "Accounting and Financial Reporting for Proprietary Funds and Other Governmental Entities That Use Proprietary Fund Accounting," the City has chosen to apply all applicable GASB Pronouncements and only FASB Statements and Interpretations, Accounting Principles Board Opinions and Accounting Research Bulletins issued on or before November 30, 1989, unless they conflict with or contradict GASB Pronouncements. ' Fiduciary Fund Types Fiduciary Funds account for assets held by the City in a trustee capacity or.as an agent for ' individuals, private organizations, other governments, and other funds. These include Expendable Trust, Nonexpendable Trust, Pension Trust, and Agency Funds. City of Renton Fiduciary Funds do not include any Expendable or Nonexpendable Trust Funds. Pension Trust Funds are accounted for in essentially the same manner as Proprietary Funds. Agency Funds are custodial in nature (assets equal liabilities) and do not involve measurement ' of results and operations. Account Groups Account Groups are used to establish accounting control over the City's general fixed assets and general long-term debt. The City uses two account groups. The General Fixed Assets Account Group accounts for all fixed assets of the City other than those accounted for in Proprietary Funds. The General Long-Term Debt Account Group accounts for all long-term debt of the City except that accounted for in the Proprietary Funds. 32 CITY OF RENTON,WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 Comparative Data Co-Parative total data for the prior year has been presented in the accompanying financial statements in order to provide an understanding of changes in the City's financial position and operations. However, comparative data has not been presented by fund type in each of the statements since their inclusion would make the statements unduly complex and difficult to read. Total Columns on Combined Statements Total columns on the combined statements are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations, or the reporting of cash flows in conformity with generally accepted accounting principles. The data is also not comparable to a consolidation. Interfund eliminations have not been made in the aggregation of the data. BASIS OF ACCOUNTING Basis of accounting refers to when revenues and expenditures or expenses are recognized in the " accounts and reported in the financial statements. Modified Accrual Basis of Accounting The modified accrual basis of accounting is followed in all Governmental Funds and Agency Funds. Under the modified accrual basis of accounting, revenues are recorded when susceptible to accrual, i.e., both measurable and available. Available means collectible within the current period or soon enough thereafter to pay current liabilities. Specific major revenue sources subject to accrual are discussed below. The portion of property taxes receivable at year-end that are received in January for the prior year's levy are recorded as revenue. The remaining balance is not normally expected to be collected within 30 days after the current period and is, therefore, reported as deferred revenue. Grant revenues from cost reimbursement grants are considered earned and therefore available when the expenditure is incurred, in accordance with NCGA Statement 2. Interest on investments is recorded as revenue when earned. Special assessments and charges for services are recorded as revenue when billed and due within 30 days. Revenue sources which are not considered to meet the measurable and available criteria for revenue recognition include licenses and permits, fines and forfeitures, and other miscellaneous revenues since they are generally not measurable until received. Under the modified accrual basis, expenditures are recorded when the fund liability is incurred, except for principal and interest on general long-term debt, which are recorded when due. No Purchases of fixed assets out of Governmental Funds are treated as expenditures during the year incurred and the assets are capitalized in the General Fixed Assets Account Group. Long-term liabilities, including vacation pay not currently due and payable, are accounted for in the to General Long-Term Debt Account Group, except for long-term liabilities accounted for in the Proprietary Funds. Accrual Basis of Accounting The accrual basis of accounting is followed in all Proprietary Funds and the Pension Trust Fund. Revenues are recognized when earned and expenses are recognized when incurred. 33 CITY OF RENTON, WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 ' The revenues of the Waterworks and Solid Waste Utilities, which are based upon service rates authorized by the City Council, are determined by monthly billings to customers. Revenues of the Golf Course are based on user fees, and Airport revenue is based on lease agreements. Earned but unbilled revenues at year-end are accrued and reported in the financial statements. Fixed asset purchases are capitalized, and long-term liabilities are accounted for in the appropriate ' funds. BUDGETS AND BUDGETARY ACCOUNTING The City of Renton budgets its funds in accordance with the Revised Code of Washington (RCW) 35A.33. In compliance with the Code, annual appropriated budgets are adopted for the General, Special Revenue, Debt Service and Capital Projects Funds. Any unexpended appropriations lapse at the end of the fiscal year. For Governmental Funds, there are no substantial differences between the budgetary basis and generally accepted accounting principles. Budgetary accounts are integrated in fund ledgers for all budgeted funds, but the financial statements include budgetary comparisons for annually budgeted Governmental Funds only. Budgets established for Proprietary and Trust Funds are "management budgets,"and are not legally required to be reported. Annual appropriated budgets are adopted at the fund level. Subsidiary revenue and expenditure ledgers are used to compare the budgeted amounts with actual revenues and expenditures. As a management control device, the subsidiary ledgers monitor expenditures for individual functions and activities by object class. The City of Renton's budget procedures are mandated by RCW 35A.33. The steps in the budget process are as follows: 1) Prior to November 1, the Mayor submits a proposed budget to the City Council. This budget is based on priorities established by the Council and estimates provided by the City departments during the preceding months, and balanced with revenue estimates made by the Mayor. 2) The City Council conducts public hearings on the proposed budget in November and December. 3) The Council makes its adjustments to the proposed budget and adopts by ordinance a final balanced budget no later than December 31. 4) The final operating budget as adopted is published and distributed within the first four months of the ' following year. Copies of the budget are made available to the public. Transfers or revisions within funds are allowed, but only the City Council has the authority to ' increase or decrease a given fund's annual budget. This is accomplished by City ordinance. The budget was amended two times during 2000. Budget amounts presented in the basic financial statements include the original amounts, after all transfers and adjustments, as approved by the City Council. ' Encumbrances An encumbrance system is maintained to account for commitments resulting from approved purchase orders, contracts, and other commitments. Encumbrances remaining at year-end lapse and are canceled. Upon request by the department and approval of the City Council, ' encumbrances may be reappropriated in the following year. At year-end, the City had encumbrances of$3,089,255. ASSETS, LIABILITIES AND FUND EQUITY ' Cash & Cash Equivalents All highly liquid investments (including restricted assets) with a maturity of three months or less when purchased are considered cash equivalents. Included in this category are all funds 34 CITY OF RENTON,WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 invested in the Local Government Investment Pool and Municipal Investors Account. Excluded from this category are cash balances held by Fiscal Agents since the City does not have discretionary use of these funds. Cash held by Fiscal Agents is included in an investment type account. Investments The City of Renton invests all short-term cash surpluses. A Surplus Bank Balance Fund is maintained to account for these residual investments and earnings are allocated to the General Fund. Investments are also held separately by several of the funds with interest earned directly for the benefit of each fund. Investments are reported on the financial statements at fair value as required by the Governmental Accounting Standards Board (GASB) Statement No. 31. Washington State statutes provide for the City to hold investments consisting of obligations of the Federal government, repurchase agreements, prime banker's acceptances, and time certificates of deposit issued by Washington State depositories that participate in the Washington State Public Depository Protection Commission (WPDPC). The WPDPC is a multiple financial institution collateral pool administered by the Washington Public Deposit Protection Commission. Additional deposit and investment information is presented in Note 3. Inventories Inventories carried in Proprietary Funds are valued at average cost which approximates the market value. The inventory in the Waterworks Utility Fund is charged out at average cost plus a 20% handling fee when issued, and the inventory in the Equipment Rental Fund is issued at average cost. The inventory at the Golf Course is the merchandise that is sold to the public. This inventory is valued at actual cost. A physical count is taken at year-end at all inventory locations. Governmental Funds use the purchase method whereby inventory items are considered expenditures when purchased. The amount outstanding at year-end is immaterial and is, therefore, not included on the balance sheet. Property Taxes Receivable The County Finance Director acts as an agent to collect property taxes levied in the county for all taxing authorities. Taxes are levied annually on January 1 on property value listed as of the prior August 31. Assessed values are established by the County Assessor at 100% of fair market value. A revaluation of all property is required every two years, however King County has the ability to revalue annually. Property taxes levied by the County Assessor and collected by the County Finance Director W" become a lien on the first day of the levy year and may be paid in two equal installments if the total amount exceeds$30. The first half of real property taxes is due on April 30 and the balance is due October 31. Delinquent taxes bear interest at the rate of 12% and are subject to Irr additional penalties if not paid as scheduled. At year-end, property taxes are recorded as a receivable with the portion not expected to be r� collected within 30 days offset by deferred revenue. During the year, property tax revenues are recognized when cash is received. The tax rate for general City operations is limited to $3.60 per $1,000 of assessed value. Of this amount, up to $.45 per thousand may be designated for contribution to the Firemen's Pension Fund if a report by a qualified actuary indicates that additional funds are required. It The payment of principal and interest on Limited Tax (non-voted) Bonds issued by the City is made from the general levy. Accordingly, the issuance of Limited Tax General Obligation Bonds 35 am CITY OF RENTON,WASHINGTON ' NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 ' has the effect of reducing property taxes available for the general operations of City government. In 2000, the City levied $3.39877 per $1,000 of assessed valuation for general ' purposes. State law also provides that the City's operating levy may not exceed 106% of the largest single ' levy of the past three years. The State Constitution provides that the total of all taxes upon real and personal property by the State.and all taxing entities, including the City, shall not in any year exceed 1% ($10 per thousand dollars) of the true and fair monetary value of such property. This limitation may be exceeded upon the approval of 60%of the City voters at an election in which the total vote exceeds 40%of the votes cast at the last preceding general election. For 2000, the City's general tax levy was $3.39877 and the excess levy for Unlimited General ' Obligation Bonds issued for the construction of Gene Coulon Memorial Beach Park and Senior Housing was $0.28488. A total of $3.68365 per $1,000 on a total assessed valuation of $4,545,321,019 per the King County Assessor's 2000 Annual Report. Estimated and actual property tax revenue is compared in the following table: TABLE 1: PROPERTY TAX LEVY ' ESTIMATED ACTUAL ITEM PROPERTY TAXES PROPERTY TAXES VARIANCE , General Levy $ 15,349,018 $ 15,093,231 $ (255,787) Excess Levy 1,274,981 1,253,016 (21,965) TOTAL $ 16,623,999 $ 16,346,247 $ (277,752) ' Assessments Receivable Unpaid special assessments receivable is reported in three accounts: current, delinquent, and deferred. Current assessments are those due within one month; delinquent assessments are past due; and deferred assessments are due beyond one month. Revenue from the assessments is recognized as it becomes current - that is, both measurable and available to finance expenditures of the current period. Fixed Assets and Depreciation ' The accounting and reporting treatment applied to the fixed assets associated with a fund are determined by its measurement focus. Fixed assets acquired in Governmental Funds are , accounted for as expenditures in the fund when the assets are purchased and are capitalized in the General Fixed Asset Account Group at historical cost. Where historical cost is not known, assets are recorded at estimated historical cost. Donated assets are valued at estimated fair market value at the time received. Infrastructure such as roads, bridges and curbs are considered public property and are not capitalized in the General Fixed Assets Account Group. Governmental Fund assets are not depreciated. Fixed assets of the Enterprise and Internal Service Funds are recorded at historical cost, and are ' accounted for in their respective funds. Capital contributions are recorded as contributed capital and the assets are capitalized at their estimated fair market value at the date of ' donation. Fixed assets used by Proprietary Funds are depreciated and the accumulated depreciation is ' reported in Proprietary Fund Balance Sheets. Annual depreciation is recorded as an expense of the fund. Depreciation is computed using the straight-line method over estimated service life as follows: 36 CITY OF RENTON, WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 TABLE 2: FIXED ASSET SERVICE LIFE ESTIMATED ASSET SERVICE LIFE Building 25-50 years Non Building Improvement 25-50 years Utility Plant 25-75 years Equipment 3-20 years `See Note 7 for additional information Accumulated Unpaid Vacation and Sick Pay Labor contracts with City of Renton employees call for the accumulation of vacation and sick leave. At termination of employment, employees with the required length of service may receive cash payments for all accumulated vacation leave to a maximum of 432 hours. Sick leave termination benefits are based on a percentage of accumulated sick leave up to a maximum of 480 hours. The payment is based on current wages at termination and date of hire. Accumulated amounts of vacation leave and related benefits are accrued as expenses when incurred in Proprietary Funds. The current portion of the Enterprise Funds, $30,742, and the Internal Service Funds, $2,754 is included with the current liability accounts Accrued Wages Payable and Accrued Employee Benefits Payable. In Governmental Funds, only the current portion of the yearly accrual (based on last in-first out formula) left unpaid at the end of the fiscal year is recorded as fund liability and expenditure. The remainder of the liability is reported in the General Long-Term Debt Account Group. This reporting format is in compliance with GASB Statement 16. At year-end 2000, the Governmental Funds recorded current liabilities of $278,597 on the respective balance sheets and a long-term liability for the non-current portion of accumulated vacation and related benefits in the amount of $2,157,828 in the General Long- Term Debt Account Group. The unpaid liability in the Proprietary Funds at December 31 was $219,783. Accumulated sick leave and related benefits are also based on GASB Statement 16 which calls for accrual of Proprietary Fund liabilities and inclusion of Governmental Fund liabilities in the General Long-Term Debt Account Group. These amounts at December 31, 2000, were $200,467 and $2,066,524, respectively.The following table details the total vacation and sick leave liability: TABLE 3: EMPLOYEE LEAVE PAYABLE IN ITEM CURRENT LONG-TERM TOTAL General Governmental Fund $ 278,597 $ 0 $ 278,597 General Long-Term Debt 0 4,224,352 4,224,352 r Proprietary Fund 33,496 420,250 453,746 TOTAL LEAVE BENEFITS $ 312,093 $ 4,644,602 $ 4,956,695 r Fund Equity- Reserves and Designations IN The City recognized in its reporting that assets are sometimes not "available spendable resources" or at times legally available for appropriations, because they are contractually or legally restricted for some specific future use. When this is the case, as for example with debt IN service, fund equity is 'reserved." However, when management sets aside portions of fund equity based upon tentative future plans or for administrative convenience, these restrictions are 37 IN CITY OF RENTON,WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 ' reported as "designations" of unreserved fund equity. Designation is not used in Proprietary Funds. , Direct Charges/Credits to Enterprise Funds Retained Earnings The Airport Fund has credited $171,356 directly to retained earnings, representing the retirement ' of Federal and State contributed capital for the current year. Risk Management and Risk Retention , It is the City of Renton's policy to self-insure first level coverages for property, liability, worker's compensation, and employee medical coverages. For mid-level and catastrophic losses the ' City purchases both commercial insurance coverage, and reserves the right to invoke provisions of RCW 35A.31.060, which allows cities to levy a non-voted property tax increase to pay for uninsured claims. As of December 31, 2000, the Insurance Fund's unreserved retained earnings totaled $3,093,762. See Note 17 for additional information. NOTE 2 - STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY ' Deficit Fund Equity The Leased City Properties capital projects fund had a deficit fund balance of ($991,017) as of i December 31, 2000. The fund is incurring capital expenditures in excess of lease revenues. The long-term expectation is that lease revenues will offset the expenditures and reduce the deficit incrementally each year. NOTE 3 - CASH & INVESTMENTS ' The City maintains an investment pool available for use by all funds. Interest earned on pooled investments is recorded in the General Fund. Investments are also held separately by several of ' the funds with interest earned directly for the benefit of each fund. DEPOSITS All deposits are covered entirely by Federal Depository Insurance (FDIC) or by collateral held in ' a multiple financial institution collateral pool administered by the Washington Public Deposit Protection Commission (WPDPC). The FDIC insures the City's deposits up to $100,000, and the , WPDPC insures amounts over $100,000. The WPDPC provides for additional assessments against members of the pool on a pro rata basis. Accordingly, the deposits covered by WPDPC are considered insured and classified as risk category 1. The City had $69,459,618 in cash and , investments at year-end, which consisted of $23,243,407 in the State Investment Pool and Municipal Investors Account, $42,351,952 in other investments, and $14,295 in petty cash. All cash in excess of current requirements was invested at year-end with bank deposits reporting a , cash balance of $3,864,259. Table 4 displays the breakdown of cash and deposits by type of deposits and by fund type. 38 ' CITY OF RENTON, WASHINGTON r NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 TABLE 4: RECONCILIATION OF CASH AND INVESTMENTS BY FUND GROUP STATE TOTAL ALL CHANGE IN INVESTMENT RESTRICTED CASH&CASH RESTRICTED FAIR VALUE OF TOTAL CASH& FUND GROUP CASH POOL/MIA- CASH EQUIVALENTS INVESTMENTS INVESTMENTS INVESTMENTS INVESTMENTS General $ (5,882,529) $ 6,519,759 $ 88,617 $ 725,847 $ 8,000,000 $ 0 $ 22,110 $ 8,747,957 Special Revenue 172,945 2,410,000 0 2,582,945 1,800,000 0 8,375 4,391,320 Debt Service 237,829 2,002,500 0 2,240,329 250,000 0 391 2,490,720 Capital Projects 2,928,371 3,903,381 0 6,831,752 15,309,284 0 326,453 22,467,489 Enterprise (214,454) 6,545,000 4,993,278 11,323,824 4,080,313 1,266,207 24,549 16,694,893 Internal Service 1,160,953 1,138,000 0 2,298,953 4,837,703 0 149,496 7,286,152 Trust&Agency 379,249 724,767 0 1,104,016 4,865,198 0 1,411,873 7,381,087 TOTAL $ (1,217,636) $ 23,243,407 $ 5,081,895 $ 27,107,666 $ 39,142,498 $ 1,266,207 1 1,943,247 $ 69,459,618 ' Municipal Investor Account .. INVESTMENTS Washington State statutes provide for the City to hold investments consisting of obligations of the Federal government, repurchase agreements, prime banker's acceptances, and time certificates of deposit with authorized Washington State savings and loan institutions. Additionally, the Firemen's Pension Fund is authorized to invest in mutual funds and obligations of the Federal, State, and Local government-owned public utilities. All investments are valued at fair value as of December 31, 2000. The City has no investments reported at amortized cost. The fair value of the positions in the State Investment Pool and Municipal Investor Account is the same as the value of the pool shares. The State Investment Pool is managed by the Treasurer of the State of Washington and the Municipal Investor Account is managed by U.S. Bank. The City of Renton's investments are categorized to give an indication of the risk assumed at year-end. Category 1 includes investments that are either insured, registered or held by the City or its agent in the City of Renton's name. Category 2 includes uninsured and unregistered investments which are held by the counterparty's trust department or agent in the City's name. Category 3 includes uninsured and unregistered investments which are held by the counterparty's trust department or agent, but not in the City's name. At the end of the year, the City had no investments in category 3. Irr TABLE 5: CLASSIFICATION OF INVESTMENTS AS OF DECEMBER 31, 2000 CARRYING FAIR ITEM CATEGORY 1 CATEGORY 2 AMOUNT VALUE rr US Government $ 40,310,433 $ 98,272 $ 40,408,705 $ 42,351,952 TOTAL INVESTMENTS $ 40,310,433 $ 98,272 $ 40,408,705 $ 42,351,952 NOTE 4 - DEFERRED COMPENSATION The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. This plan is administered by the Hartford Life Insurance Company and the ICMA Retirement Corporation. The plans are available to all City employees, which r permits them to defer a portion of their salary until future years. The deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. 39 CITY OF RENTON,WASHINGTON ' NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 ' Compensation deferred under the plans and all income attributable to the plans are solely the property of the City of Renton. The City's rights to this property are subject only to the claims of ' the City's general creditors until paid to the employee or other beneficiary and are not restricted to the benefit provisions under the plan. At December 31, 2000, the fair value of the plans assets was$20,169,088. It is the opinion of the City's legal counsel that the City has no liability for losses under the plan but does have the duty of due care that would be required of an ordinary prudent investor. The City believes that it is unlikely that it will use the assets to satisfy the claims of general creditors in ' the future. NOTE 5 - RECEIVABLES AND PAYABLES , Table 6 details the specific receivables and payables at December 31, 2000. The City provides reserves for potentially uncollectible water, wastewater, storm, metro, solid waste utility, and airport charges. At December 31, 2000, these reserve balances were$58,783. TABLE 6: NET RECEIVABLES AND PAYABLES ' SPECIAL DEBT CAPITAL INTERNAL TRUST 3 ITEM GENERAL REVENUE SERVICE PROJECTS ENTERPRISE SERVICE AGENCY TOTAL RECEIVABLES: Taxes $ 358,241 $ 0 $ 30,884 $ 0 $ 0 $ 0 $ 0 $ 389,125 Accounts 3,704,822 9,678 0 880 4,048,519 7,785 0 7,771,684 ' Notes 0 0 0 0 23,472 0 0 23,472 Special Assess-Current 0 0 682 0 0 0 0 682 Special Assess-Delinquent 0 0 22,323 0 0 0 0 22,323 Special Assess-Deferred 0 0 1,008,560 0 0 0 0 1,008,560 Interest-Special Assess 0 0 7,156 0 0 0 0 7,156 Interest on Investments 389,986 27,486 5,810 142,537 85,100 242,153 978,734 1,871,806 TOTAL ALL FUND TYPES $4,453,049 $ 37,164 $1,075,415 $ 143,417 $4,157,091 $ 249,938 $ 978,734 $11,094,808 PAYABLES: Matured Interest Payable $ 0 $ 0 $ 391,000 $ 0 $ 0 $ 0 $ 0 $ 391,000 Accrued Interest Payable 0 0 0 0 260,553 0 0 260,553 Accrued Wages Payable 0 0 0 0 27,370 2,452 0 29,822 ' Accrued Benefits Payable 0 0 0 0 3,372 302 144 3,818 Accrued Taxes Payable 938 7,473 0 27,096 102,817 361 0 138,685 TOTAL ALL FUND TYPES $ 938 $ 7,473 $ 391,000 $ 27,096 $ 394,112 $ 3,115 $ 144 $ 823,878 ' Note Receivable: Table 6 details the current portion of the note receivable in the amount of $23,472 due from the Golf Course Concessionaire. The non-current portion of this receivable is , $21,041. 40 ' CITY OF RENTON,WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 INTERFUND RECEIVABLES AND PAYABLES TABLE 7: INTERFUND RECEIVABLES AND PAYABLES ITEM DUE FROM DUE TO �+ GENERAL FUND $ 4,886 $ 254,263 SPECIAL REVENUE FUNDS: Street Fund 29,876 0 Total Special Revenue Funds 29,876 0 DEBT SERVICE FUNDS: 1983 Unlimited GO Refund 227 0 rr General Government Misc.Debt 126,943 0 1989 Unlimited GO 151 0 Total Debt Service Funds 127,321 0 CAPITAL PROJECT FUNDS: Municipal Facilities Construction 126,943 0 Capital Improvement Fund 0 32,945 Total Capital Project Funds 126,943 32,945 ENTERPRISE FUNDS: Waterworks Utility Fund 87 1,904 ■r Total Enterprise Funds 87 1,904 TOTAL ALL FUND TYPES $ 289,113 $ 289,112 INTERFUND LOANS/ADVANCES RECEIVABLE & PAYABLE The following is a reconciliation of the $1,255,000 interfund loans and advances of which $0 is so current and $1,255,000 is long term: TABLE 8: INTERFUND LOANS/ADVANCES - RECEIVABLE AND PAYABLE 40 INTERFUND LOANS/ADVANCES FUND RECEIVABLE PAYABLE GENERAL FUND $ 75,000 $ 0 SPECIAL REVENUE FUNDS: Community Development Block Grant 0 75,000 CAPITAL PROJECTS FUNDS: Municipal Facilities Construction 1,180,000 0 Leased City Properties 0 1,180,000 TOTAL ALL FUND GROUPS $ 1,255,000 $ 1,255,000 41 CITY OF RENTON,WASHINGTON ' NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 INTERGOVERNMENTAL RECEIVABLES At December 31, 2000, the receivables from other governmental units included federal, state ' and local grants receivable of $2,270,087, and a miscellaneous receivable amounting to $298,945, from Bryn Mawr-Lakeridge Water & Sewer District for their 25% share of a water joint , facilities project. TABLE 9: DUE FROM OTHER GOVERNMENTAL UNITS SOURCE AMOUNT GRANTS: Federal Emergency Management Agency $ 2,581 State of Washington 2,079,749 King County 47,068 Other Local Entities 140,689 , Subtotal-All Grants 2,270,087 OTHER GOVERNMENTAL RECEIVABLES: Bryn Mawr-Lakeridge Water&Sewer 298,945 , TOTAL DUE ALL GRANTS $ 2,569,032 INTERGOVERNMENTAL PAYABLES A total of $2,401,372 was recorded as due to other governmental units at December 31, 2000. This included: 1) $1,695,248 for the portion of Municipal Court's outstanding receivables for bail due to the State; 2) $635,964 to the Washington State Department of Community Development , for current portion due on Public Works Trust Fund loans; and 3) $70,160 to King County for the Cedar River Trunk Relocation. NOTE 6 - RESIDUAL EQUITY AND OPERATING TRANSFERS Interfund transfers are classified as either residual equity transfers or operating transfers. Residual , equity transfers are direct additions or subtractions to fund balance/fund equity. Contributions to Proprietary Funds are recorded as contributed capital in those funds. Operating transfers are accounted for as"other financing sources or uses" and are included in the operating statements. TABLE 10: RESIDUAL EQUITY TRANSFERS FUND TRANSFER IN TRANSFER OUT 1978 Limited GO Bonds $ 0 $ 35,000 General Government Misc Debt 0 820,000 Special Assessment Guaranty 0 100,000 Municipal Facilities Construction 955,000 0 TOTAL TRANSFERS $ 955,000 $ 955,000 ' 42 , CITY OF RENTON,WASHINGTON r NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 rrrr TABLE 11: OPERATING TRANSFERS FUND TYPE TRANSFERS IN TRANSFERS OUT GENERAL GOVERNMENTAL: General $ 0 $ 1,560,051 Park 0 550,000 Arterial Street 0 353,500 Street 0 100,000 General Government Misc Debt 77,650 0 Special Assessment Debt 0 92,898 Transportation Impact Mitigation 0 1,006,360 r Municipal Facilities Construction 2,110,051 0 Capital Improvement 1,459,860 0 PROPRIETARY FUNDS: Waterworks Utility 15,248 0 rr TOTALS $ 3,662,809 $ 3,662,809 NOTE 7 - FIXED ASSETS General Fixed Assets are long lived assets of the City as a whole. When purchased, leased, or ur constructed, such assets are recorded as expenditures in the Governmental Funds and capitalized in the General Fixed Assets Account Group. All fixed assets are valued at historical cost, estimated historical cost, or fair market value at time of donation. Depreciation has not been provided on general fixed assets, nor has interest been capitalized. Infrastructure assets are considered public property and are not accounted for in the General Fixed Assets Account Group. At the end of 2000, thirteen projects comprised the Construction Work in Progress. Upon completion, the projects will be capitalized in the General Fixed Asset Account Group in their appropriate categories. Tables 12 and 13 describe the changes in the City's general fixed assets during 2000 and the Construction Work In Progress at the end of the year. lr TABLE 12: CHANGES IN GENERAL FIXED ASSETS BEGINNING ENDING ASSET BALANCE ADDITIONS DELETIONS BALANCE Land $ 28,339,148 $ 211,125 $ 0 $ 28,550,273 Buildings 58,251,117 3,087,746 0 61,338,863 Non-Building Improvements 17,027,761 851,965 0 17,879,726 Equipment 10,417,542 3,326,049 556,233 13,187,358 Construction in Progress 3,012,120 3,899,361 3,704,048 3,207,433 Joint Venture 1,968,198 577,965 0 2,546,163 TOTAL $ 119,015,886 $ 11,954,211 $ 4,260,281 $ 126,709,816 NO r 43 r CITY OF RENTON,WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 ' TABLE 13: CONSTRUCTION WORK IN PROGRESS ESTIMATED ' REMAINING ESTIMATED PROJECT COST TO DATE COSTS TOTAL COST Highlands Improvement Project $ 63,793 $ 133,207 $ 197,000 , Ron Regis Park Improvements 5,218 400,000 405,218 Port Quendall 692,228 18,312,772 19,005,000 Removal of Henry Moses Pool 78,430 35,000 113,430 Police Evidence Building 21,311 309,689 331,000 Highlands Annex Acq./Demolition 171,561 94,439 266,000 City Neighborhood Beautification 21,063 53,937 75,000 ' Skate Board Park 22,722 147,278 170,000 Main&Grady Ramp Project 2,103,733 61,267 2,165,000 Fire Station(FS#12) 3,500 2,650,500 2,654,000 ' Fire Station(FS#15) 7,444 2,447,056 2,454,500 Carco Theatre Improvements 14,100 221,560 235,660 Comprehensive Plan Update 2,330 97,670 100,000 TOTAL $ 3,207,433 $ 24,964,375 $ 28,171,808 Fixed assets of Proprietary Funds are capitalized in their respective balance sheets. These assets ' are stated at cost, estimated cost when original cost is not available, or fair market value at the time received in the case of contributions. Depreciation expense is charged to operations of Proprietary Funds to allocate the cost of fixed assets over their estimated useful lives, using the straight-line method with useful lives of 3 to 75 years. The City's policy is to capitalize net interest on Proprietary Fund construction projects until completion of the project. The amount of capitalized interest equals the difference between the interest cost associated with the tax-exempt borrowing used to finance the project and the interest earned from temporary investment of the debt proceeds. Capitalized interest is amortized on the straight-line basis over the estimated useful life of the asset. For 2000, interest costs incurred on construction projects in Proprietary Funds were not material. Table 14 provides a summary of Proprietary Fund property, plant, and equipment as of , December 31, 2000. TABLE 14: PROPRIETARY PROPERTY, PLANT, & EQUIPMENT SOLID GOLF TOTAL ' WATERWORKS AIRPORT WASTE COURSE TOTAL EQUIPMENT INTERNAL ASSET UTILITY FUND UTILITY FUND ENTERPRISE RENTAL INSURANCE SERVICE Land $ 3,509,040 $ 784,080 $ 0 $2,683,200 $ 6,976,320 $ 0 $ 0 $ 0 ' Buildings 8,686,233 662,936 0 4,045,476 13,394,645 0 0 0 Equipment 4,346,563 70,215 520,051 970,533 5,907,362 8,575,157 93,000 8,668,157 Other Improvements 164,548,043 8,757,491 0 3,258,090 176,563,624 0 0 0 ' Construction Work in Progress 4,064,141 1,054,723 0 889 5,119,753 0 0 0 TOTAL ASSETS 185,154,020 11,329,445 520,051 10,958,188 207,961,704 8,575,157 93,000 8,668,157 Less Accumulated Depreciation 39,456,842 6,612,678 442,709 1,881,537 48,393,766 3,754,663 17 824 3,772,487 NET PROPERTY,PLANT,&EQUIPMENT $145,697,178 $ 4,716,767 $ 77,342 $9,076,651 $159,567,938 $4,820,494 $ 75,176 $ 41895,670 44 CITY OF RENTON,WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 CONTRIBUTED CAPITAL RETIREMENT The Airport Fund has $6,776,663 of contributed capital that includes $6,637,063 of Federal, $53,775 of State, and $85,825 of private sources which is being retired on an annual basis. The unamortized balance as of December 31, 2000, was$2,062,520. The Airport is the only fund that amortizes its contributed capital at this time. The Waterworks Utility Fund has $104,721,467 of contributed capital, the Solid Waste Utility Fund has $166,166, the Golf Course Fund has $1,412,225, and the Equipment Rental Fund has $2,282,377. These funds' contributed capital are not being retired. NOTE 8 - PREPAID ITEMS The General Fund has recorded $8,000 of prepaid items at December 31, 2000. This amount represents prepaid postage charges to be expensed in 2001. The Insurance Fund has recorded $3,000 of prepaid items at December 31, 2000. This amount represents a $3,000 revolving fund established to pay claims by our insurance broker. NOTE 9 - JOINT VENTURE The Valley Communications Center (Valley-Com), an emergency dispatch operation, was established August 20, 1976, when an Interlocal Agreement was entered into by four participating municipal governments, that include the cities of Renton, Kent, Auburn and Tukwila. The provisions and terms of the "Interlocal Cooperation Act" pursuant to R.C.W. 39.34 sanction the agreement. The initial duration of the agreement was five years, and thereafter is automatically extended for consecutive two-year periods, unless terminated by one or more of the participating cities. Any such termination must be in writing and served upon the other cities on or before July 1 in any one year, and such termination shall then become effective on the last day of such year. On August 4, 1999 the Administration Board of Valley Communications Center voted to include the City of Federal Way as a full participating Member City as of January 1, 2000. A new Interlocal Agreement pursuant to RCW 39.34, et seq., was entered into by the five participating municipal corporations, that include the cities of Auburn, Federal Way, Kent, Renton, and Tukwila on April 17, 2000. This agreement reaffirmed Valley Communications Center as a governmental administration agency pursuant to RCW 39.34.030 (3) (b). The duration of the agreement is for five (5) years from its effective date, January 1, 2000 and, shall automatically be extended for an additional five (5) year period unless terminated as provided. However, the agreement shall not be terminated until all bonds issued by Valley err Communications Center Development Authority have been paid and retired. During 2000, the Valley Communications Center Development Authority was created to issue $12,758,000 in General Obligation Bonds to finance construction, equipment, and land for a new facility to be completed in 2001. Each of the five participating cities is responsible for one-fifth of the debt obligation,which is$2,551,600 The purpose of the joint operation, hereafter referred to as Valley-Com, is to provide improved consolidated emergency communications (dispatch) services for police, fire, and medical aid, to the five participating cities and to the several subscribing agencies, which include King County Fire Districts #2, #17, #20, #26, #40, #43, #44, #46, #47; City of Pacific Police and Fire Departments, City of Algona Police Department, City of Des Moines Police Department, City of 45 1W CITY OF RENTON,WASHINGTON , NOTES TO THE FINANCIAL STATEMENTS -DECEMBER 31, 2000 ' Black Diamond Police Department, and King County EMS Units. Separate agreements between Valley-Com and the subscribing agencies have been executed, which set forth conditions of services and rates charged. 3 The allocation of prorated financial participation among the five participating cities is the , percentage of dispatched calls attributed to each jurisdiction compared to the total estimated dispatched calls, for the current twelve month period ending December 31. The percentages are applied to the current approved budget, less revenue from all other sources. Distribution of current year net income is based on the same percentages. The 2000 cost distributions for the four participating cities were as follows: TABLE 15: JOINT VENTURE COST DISTRIBUTION d DISPATCHABLE PERCENT 2000 CITY CALLS OF TOTAL ASSESSMENTS Renton 55,775 19.08% $ 917,123 Kent 87,145 29.81% 1,432,884 Auburn 55,850 19.10% 918,084 Tukwila 38,600 13.20% 634,487 Federal Way 55,000 18.81% 904,145 TOTAL 292,370 100.00% $ 4,806,723 Valley-Com is governed by an Administration Board, composed of the Mayors or designated , representatives from the five participating cities of Renton, Kent, Auburn, Tukwila, and Federal Way. The Administration Board is responsible for the following functions: a) Recommend action to the legislative bodies of the participating members; b) Review and approve budget W expenditures; c) Establish policies for expenditures of budget items for the Center; d) Review and adopt a personnel policy for the Valley Com Center; e) Establish a fund or special fund or funds ' as authorized by RCW 39.34.030 for the operation of the Valley Com Center; f) Conduct regular meetings as many be designated by the Administration Board; g) Determine what services shall be offered and under what terms they shall be offered; h) Enter into agreements with third parties for goods and services necessary to fully implement the purposes of this agreement; , i) Establish rates for services provided to other members, subscribers or participating agencies; j) Direct and supervise the activities of the Operations Board and the Center Director; k) Incur debt in the name of the Center to make purchases or contract for services necessary to fully implement the purposes of this agreement; 1) Enter into agreements with, and receive and distribute funds, from any federal, state, or local agencies; m) Receive all funds allocated to the Center from its members; n) To purchase, take, receive, lease, take by gift, or otherwise acquire, own, hold, improve, use and otherwise deal in and with real or personal property, or any interest therein, in the name of Valley Communications Center; o) To sell, convey, mortgage, pledge, lease, exchange, transfer and otherwise dispose of all of its property and assets; p) To sue and , be sued, complain and defend, in all courts of competent jurisdiction in the Center's name; q) To make and alter by-laws for the administration and regulation of its affairs; r) Enter into contracts with future participating members and subscribers to provide communications services; s) To hold radio frequency licenses to enable the Center to operate radio ' communications and dispatch systems to meet its public safety responsibilities; and t) Any and all other acts necessary to further Valley Communication Center's goals and purpose. In addition, an Operations Board provides direction, and consists of two members of each ' participating city's Public Safety Departments, including the heads of such departments or their designees. The Operations Board performs the following functions: a) Oversee the operation of Valley-Com, and advise and make recommendations to the Administration Board; b) Make 46 CITY OF RENTON,WASHINGTON err NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 recommendations on Director selection; c) Present proposed policies and budgets to the Administration Board; and, d) Approve disbursement of funds by the Director. The Director presents a proposed budget to the Operating Board on or before August 15 of each year. Said budget is then presented to the Administrative Board by September 1 of each year. The Administrative Board can make changes to the proposed Valley-Com budget as it finds necessary, but final approval falls to the legislative body of each participating city, in accordance with the provisions of the Interlocal Agreement. Tables 16 and 17 show the condensed financial position as of December 31, 2000, and the results of operation and changes in retained earnings for the year ended 2000. Audited 2000 financial statements are available from Valley-Com. TABLE 16: BALANCE SHEET ITEM AMOUNT ASSETS: Current Assets $ 5,528,831 r Restricted Assets 2,484,974 Property,Plant,and Equipment 9,582,010 Unamortized Bond Premium 246 aw TOTAL ASSETS $ 17,596,061 LIABILITIES AND FUND EQUITY: Current Liabilities $ 141,254 Long-Term Liabilities 194,346 TOTAL LIABILITIES 335,600 Retained Earnings 10,273,142 rr Contributed Capital 6,987,319 TOTAL FUND EQUITY 17,260,461 TOTAL LIABILITIES AND FUND EQUITY $ 17,596,061 r• TABLE 17: STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS ITEM AMOUNT OPERATING REVENUE: rr Intergovernmental Charges $ 6,550,273 Other Operating Revenue 7,166 Total Operating Revenue 6,557,439 OPERATING EXPENSES: 5,607,393 Net Operating Income 950,046 NON-OPERATING REVENUE(EXPENSES) Interest and Miscellaneous Revenue 428,904 Construction Funds 1,700,000 Total Non-Operating Revenue(Expenses) 2,128,904 Net Income(Loss) 3,078,950 Retained Earnings at Beginning of Year 7,194,191 Retained Earnings at End of Year 10,273,141 Contributed Capital 72,119 800-Mhz Contributed Capital 6,915,200 TOTAL FUND EQUITY AT END OF YEAR $ 17,260,461 47 CITY OF RENTON, WASHINGTON , NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 ' The share of equity belonging to the five participating cities is shown in Table 18 below. Liabilities are the responsibility of the five participating cities in direct proportion to their equity position. ' TABLE 18: JOINT VENTURE EQUITY ITEM RENTON KENT AUBURN TUKWILA FEDERAL WAY TOTAL Equity January 1,2000 $ 1,968,198 $ 2,344,004 $ 1,687,476 $ 1,315,919 $ 0 $ 7,315,597 Current Year Increase 577,965 903,034 579,045 399,990 569,630 3,029,664 , Equity December 31,2000 $ 2,546,163 $ 3,247,038 $ 2,266,521 $ 1,715,909 $ 569,630 $ 10,345,261 Percent of Equity 24.61% 31.39% 21.91% 16.59% 5.51% 100.00% Percent of 2000 Distribution 19.08% 29.81% 19.10% 13.20% 18.81% 100.00% In August 1993, Valley-Com entered into an interlocal cooperation agreement, pursuant to RCW , 39.34, with the subregions of King County, Seattle, the Eastside Public Safety Communications Agency and the Port of Seattle. This agreement governs the development, acquisition and , installation of the 800-megahertz emergency radio communications system funded by a $57 million King County levy approved in November 1992. This agreement provides that, upon voluntary termination of any subregion's participation in the system, it surrenders its radio ' frequencies, relinquishes its equipment and transfers any unexpended levy proceeds and associated equipment replacement reserves to another subregion or consortium of subregions. In accordance with this agreement, the participating cities of Valley-Com have no equity ' interest in Valley-Corn's 800-megahertz contributed capital (King County levy distribution and interest earned) of $6,915,200 as of December 31, 2000. NOTE 10 - PENSION PLAN & OTHER POST EMPLOYMENT BENEFITS All of the City's full-time and qualifying part-time employees participate in one of the following three defined benefit retirement systems: 1) Public Employees' Retirement System (PERS); 2) Law Enforcement Officers and Fire Fighters Retirement System (LEOFF) which are both cost-sharing multiple-employer plans established by State statute and administered by the State's ' Department of Retirement Systems; and 3) The Firemen's Pension System established and administered by the City according to State statute. The City's total payroll for all employees was $34,316,133 for the year ended December 31, 2000. , TABLE 19: PERS AND LEOFF INFORMATION BY PLAN PERS PLAN I PERS PLAN II LEOFF PLAN I LEOFF PLAN II (MEMBERSHIP (MEMBERSHIP (MEMBERSHIP (MEMBERSHIP PRIOR TO ON OR AFTER PRIOR TO ON OR AFTER ITEM 10/1/77) 10/1/77) 10/1/77) 10/1/77) VESTING REQUIREMENT: .r Service year required for vesting of benefits 5/25/30 5/20* 5 5/20 Retiring age for vesting of benefits 60/55/any age 65/55* 50 58/50 EMPLOYEE CONTRIBUTION: Required Rate @ 12/31/00 6.00% 2.43% 0.00% 6.78% Contribution Amount for 2000 $ 158,582 $320,125 $52,585 $682,427 ' EMPLOYER CONTRIBUTION: Required Rate @ 12/31/00 4.67% 4.67% 0.23% 4.30% Contribution Amount for 2000 $ 115,558 $718,372 $56,365 $435,250 ' * Receive Reduced Benefits. 48 , CITY OF RENTON,WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 PUBLIC EMPLOYEES' RETIREMENT SYSTEM (PERS) Plan Description The PERS system was established by the State legislature in 1947 under Revised Code of Washington (RCW) Chapter 41.40. Membership in the system includes elected officials, state employees, and employees of local government. Approximately 46%of PERS members are state employees. The PERS system consists of two plans. Participants who joined the system prior to October 1, 1977 are Plan I members. Participants joining October 1, 1977 and after are Plan II members. Retirement benefits are financed from employee and employer contributions and investment earnings. Retirement benefits in both plans are vested after completion of five years of eligible service. Both plans provide retirement and disability benefits, annual cost-of-living adjustments, and death benefits to plan members and beneficiaries. Funding Policy The State legislature establishes Plan I employer contribution rates, and Plan II employer and employee contribution rates each biennium. Employee contribution rates for Plan I are established by statute and do not vary from year to year. See Table 19 for information regarding contribution rates and employer/employee contributions as of December 31, 2000. .r. LAW ENFORCEMENT OFFICERS & FIRE FIGHTERS RETIREMENT SYSTEM (LEOFF) Plan Description The LEOFF system was established by the State legislature in 1970 under Revised Code of Washington (RCW) Chapter 41.26. Membership includes all full-time law enforcement officers W and fire fighters. LEOFF is comprised solely of non-state employees. The LEOFF system consists of two plans. Participants who joined the system prior to October 1, err 1977 are Plan I members. Participants joining October 1, 1977 and after are Plan II members. Retirement benefits are financed by employee and employer contributions, investment earnings, and legislative appropriation. Retirement benefits in both plans are vested after so completion of five years of eligible service. Both plans provide retirement and disability benefits, annual cost-of-living adjustments, and death benefits to plan members and beneficiaries. Funding Policy Plan I employers and employees are required to contribute at a prescribed rate and the State is responsible for the balance of the funding. Plan II employers and employees are required to contribute at levels established by the State legislature. The contribution rates are developed by the Office of the State Actuary in order to fund the system. See Table 19 for information regarding contribution rates and employer/employee contributions as of December 31, 2000. to IN 1110 No 49 CITY OF RENTON,WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 ' TABLE 20: PERS AND LEOFF INFORMATION BY SYSTEM ITEM(DOLLARS IN MILLIONS) PERS LEOFF ' City Participating Payroll $ 19.070 $ 13.031 Plan I City Contribution Rate @ 12/31/00 4.67% 0.23% ' Plan II City Contribution Rate @ 12/31/00 4.67% 4.30% City Plan Contribution: 2000 $ 0.834 $ .492 1999 $ 1.087 $ .583 1998 $ 1.283 $ .636 1997 $ 1.230 $ .608 ' 1996 $ 1.140 $ .569 Plan I Employee Contribution Rate @ 12/31/00 6.00% 0.00% Plan II Employee Contribution Rate @ 12/31/00 2.43% 6.78% ' 'All required contributions to both systems were made by the city and the employees. Historical trend and other information regarding the PERS and LEOFF plans are presented in the State Department of Retirement Systems 2000 Comprehensive Annual Financial Report. A copy ' of this report may be obtained by contacting the Department of Retirement Systems, Administrative Services Division, PO Box 48380, Olympia, WA 98504-8380. FIREMEN'S PENSION ' Plan Description ' The City is the administrator of a Firemen's Pension Plan, a closed, single-employer, defined benefit pension plan established in accordance with Revised Code of Washington (RCW) 41.18 and in accordance with the Renton Municipal Code. This plan provides retirement and disability ' benefits, annual cost-of-living adjustments, and death benefits to plan members and beneficiaries. This system was established for fire fighters employed prior to March 1, 1970, when the LEOFF retirement system was established. The retirement benefits vest after 20 years of ' service. Members may retire after 25 years of service regardless of age; and after age 50 with 20 or more years of service. The Firemen's Pension Plan is considered part of the City's reporting entity and is included in the ' City's financial statements as a pension trust fund. The report may be obtained by contacting the City of Renton Finance Department, 1055 South Grady Way, Renton, Washington 98055. At December 31, 2000, there were 43 members in the System. This includes 35 retirees and beneficiaries currently receiving benefits; 8 retirees currently receiving full retirement benefits through the Law Enforcement Officers and Fire Fighters Retirement Plan (LEOFF); and no vested or non-vested active members. , Funding Policy Under State law, the Firemen's Pension Plan is provided an allocation of all monies received by the State from taxes on fire insurance premiums; interest earnings; member contributions made prior to the inception of LEOFF; and City contributions required to meet projected future pension obligations. An actuarial valuation was completed as of January 1, 2001. 50 CITY OF RENTON,WASHINGTON r1 NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 Significant actuarial assumptions used in the valuation include: 1) 4% inflation rate; 2) 7% investment return, compounded annually; 3) 5% salary increase annually; 4) 5% post-retirement benefit increase annually; 5) level dollar amortization method; and 6) 30-year open amortization period. There were no material changes to the benefit provisions, actuarial funding method or other significant factors that affect contributions required. TABLE 21: ANNUAL PENSION COST AND NET PENSION OBLIGATION FISCAL YEAR ENDING ANNUAL REQUIRED CONTRIBUTION(ARC) DECEMBER 31, 1999 DECEMBER 31.2000 Annual Normal Cost Beginning of Year $ 2,180 $ 2,180 Amortization of UAL Beginning of Year 90,826 90,826 rrr Interest to End of Year 6,510 6,510 ARC at End of Year 99,516 99,516 Add Interest on NPO(Net Pension Obligation) (6,465) (4,738) rrr Subtract Adjustment to ARC (6,956) (5,098) Annual Pension Cost(APC) 100,007 99,876 Subtract Employer Contributions 75,340 44,582 Irr Change in NPO 24,667 55,294 NPO at Beginning of Year (92,353) ($67,686) NPO at End of Year $ (67,686) TABLE 22: SCHEDULE OF FUNDING PROGRESS (Rounded to thousands) UNFUNDED ACTUARIAL ACTUARIAL UAAL AS A ACTUARIAL ACCRUED ACCRUED PERCENTAGE VALUATION VALUE OF LIABILITIES LIABILITIES FUNDED COVERED OF COVERED DATE ASSETS ENTRY AGE (UAAL) RATIO PAYROLL PAYROLL January 1, 1997 $5,238 $6,444 $1,206 81.28% $260 463.85% TABLE 23: SCHEDULE OF EMPLOYER CONTRIBUTIONS ANNUAL ACTUAL ACTUAL TOTAL REQUIRED PERCENTAGE FISCAL YEAR EMPLOYER FIRE INSURANCE EMPLOYER CONTRIBUTION OF ARC Ir ENDING CONTRIBUTION PREMIUMS CONTRIBUTIONS (ARC) CONTRIBUTED December 31, 1998 $0 $61,775 $61,775 $99,516 62.08% December 31, 1999 0 75,340 75,340 99,516 75.71% to December 31,2000 0 44,582 44,582 99,516 44.80% 51 CITY OF RENTON, WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 TABLE 24: GASB STATEMENT NO. 27 THREE-YEAR TREND INFORMATION (Rounded to thousands) CONTRIBUTION ANNUAL ASA NET PENSION FISCAL YEAR PENSION COST PERCENTAGE OBLIGATION ENDING (APC) OF(APC) (NPO) December 31, 1998 $100,211 61.64% ($92,353) December 31, 1999 $100,007 75.33% ($67,686) December 31,2000 $99,876 44.64% ($12,392) TABLE 25: ANNUAL DEVELOPMENT OF PENSION COST TOTAL ARC EMPLOYER FISCAL YEAR ARC AT END INTEREST ON ADJUST- CONTRIBU- CHANGE IN NPO ENDING OF YEAR NPO MENT APC TIONS NPO BALANCE 12/31/98 $ 99,516 $ (9,155) $ (9,850) $ 100,211 $ 61,775 $ 38,436 $ (92,353) x 12/31/99 99,516 (6,465) (6,956) 100,007 75,340 24,667 (67,686) 12/31/00 99,516 (4,738) (5,098) 99,876 44,582 55,294 (12,392) The Annual Required Contribution has been calculated under the Entry Age Normal Cost Method. Employees are not required to make contributions. The contributions to the System for 2000 include $44,582 from fire insurance premiums and $1,427,200 of investment income. OTHER POST EMPLOYMENT BENEFITS In addition to the pension benefits described in Note 10, the City provides post employment ■II benefits in accordance with State statute to all LEOFF I (law enforcement officers and fire fighters hired prior to 10/1177) and Fire Pension (fire fighters hired prior to 3/1/70) retirees. Currently there are 97 LEOFF I retirees who receive necessary medical and hospitalization coverage and 5 retirees who are covered solely by the Fire Pension Plan and receive medical coverage limited to treatment of service-related disabilities only. Expenditures for post employment health care benefits are recognized as retirees report claims. The City does not have a funding policy at this time and no assets are designated for this purpose. During the year, expenditures of$237,513 were recognized for post employment health care. State statute provides that the City's responsibility for medical payments of LEOFF I retirees is secondary to any other coverage retirees receive or are eligible to receive. The City recognizes a potential savings exists when retirees utilize Medicare as primary coverage and the City for secondary coverage and ineligible expenses. Therefore, upon reaching age 65, the City requires the retirees to apply for and utilize Medicare Part B coverage. The City reimburses these Medicare premiums at an average cost of approximately $50.00 per month for 36 LEOFF I retirees and 5 Fire Pension retirees. NOTE 11 - CONSTRUCTION COMMITMENTS At December 31, 2000, the City had significant contractual construction commitments.These are listed in Table 26: ` 52 1d CITY OF RENTON,WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 - TABLE 26: CONSTRUCTION COMMITMENTS PROJECT TITLE COMMITMENT FUNDING SOURCE Waterworks Improvements $ 4,716,935 Public Works Trust Fund Loans/Grants Community Services Improvements 320,217 General/Grants Street Improvements 3,370,836 General/Grants NOTE 12 - LONG-TERM DEBT AND CAPITAL LEASES The City of Renton's long-term debt consists of General Obligation Debt, repaid mainly from general governmental revenue sources; Special Assessment Debt, repaid from special I■i assessment payments from participants; and Proprietary Debt, repaid from proprietary revenues. These debts are accounted for in the following areas: 1) The outstanding general obligation debt and special assessment debt are reported in the General Long-Term Debt Account Group; r 2) The repayment, or debt service of the same, is recorded in the Debt Service Funds; and 3) The proprietary debt liability and repayment of the same are reported in individual Proprietary Funds. The City has an A 1 bond rating from Moody's Investors Service for both its General Obligation Bonds and Revenue Bonds. Table 27 summarizes long-term debt transactions of the City for the year ended December 31, 2000. A detail of all outstanding debt of the City is listed in Table 28. TABLE 27: LONG TERM DEBT ADDITIONS AND RETIREMENTS SUMMARY PAYABLE PAYABLE ITEM 1/1/00 ADDED RETIRED 12/31/00 GENERAL: General Obligation Bonds $ 26,223,908 $ 0 $ 2,097,000 $ 24,126,908 Installment Contracts 242,855 0 24,025 218,830 Special Assessment 680,000 0 360,000 320,000 Employee Leave Benefits 4,661,374 0 437,022 4,224,352 TOTAL GENERAL $ 31,808,137 $ 0 $ 2,918,047 $ 28,890,090 PROPRIETARY: Revenue Bonds $ 26,860,000 $ 0 $ 1,840,000 $ 25,020,000 Installment Contracts 136,537 0 66,377 70,160 Capital Leases 42,276 80,668 36,335 86,609 lbe Employee Leave Benefits 440,876 0 20,626 420,250 Public Works Trust Fund Loans 9,024,460 321,074 699,746 8,645,788 TOTAL PROPRIETARY $ 36,504,149 $ 401,742 $ 2,663,084 $ 34,242,807 TOTAL ALL FUNDS: General Obligation Bonds $ 26,223,908 $ 0 $ 2,097,000 $ 24,126,908 Revenue Bonds 26,860,000 0 1,840,000 25,020,000 Installment Contracts 379,392 0 90,402 288,990 Capital Leases 42,276 80,668 36,335 86,609 Special Assessment 680,000 0 360,000 320,000 Employee Leave Benefits 5,102,250 0 457,648 4,644,602 Public Works Trust Fund Loan 9,024,460 321,074 699,746 8,645,788 TOTAL ALL FUNDS $ 68,312,286 $ 401,742 $ 5,581,131 $ 63,132,897 W 53 CITY OF RENTON, WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 TABLE 28: OUTSTANDING DEBT AS OF DECEMBER 31, 2000 INTEREST ISSUED MATURITY AMOUNT OUTSTANDING ITEM RATES DATE DATE ISSUED 1/1/00 ISSUED REDEEMED 12/31/00 General Obligation Bonds: Limited 1989 G O Refunding Bonds 6.75%-7.00% 06/01/89 05/01/02 $ 2,085,000 $ 815,000 $ 0 $ 250,000 $ 565,000 1993 G 0 Refunding Bonds 3.00%-4.80. 08/01/93 06/01/02 4,910,000 2,455,000 0 785,000 1,670,000 1994 G O Bonds 4.60%-6.307. 12/01/94 12/31/04 980,000 65,000 0 0 65,000 i 1996 G O Bonds 4.25%-5.40% 10/15/96 10/15/06 553,337 487,337 0 17,000 470,337 1997 G O Refunding Bonds 5.257-5.55% 05/01/97 12/01/06 2,683,827 2,683,827 0 0 2,683,827 1997 G O Bonds 5.55%-5.75% 05/01/97 12/01/17 14,697,744 14,697,744 0 0 14,697,744 SUBTOTAL LIMITED GO 25,909 908 21,203,908 0 1,052 000 20,151,908 Unlimited 1993 G O Refunding Bonds-Coulon Park 4.007-6.10% 09/01/93 05/01/02 4,660,000 1,000,000 0 730,000 270,000 1993 G O Refunding Bonds-Senior Housing 2.70%-5.20% 09/01/93 02/01/09 4,270,000 4,020,000 0 315,000 3,705,000 ' SUBTOTAL UNLIMITED GO 8,930 000 5,020,000 0 1,045,000 3,975,000 TOTAL GENERAL OBLIGATION BONDS 34,839,908 26,223 908 0 2,097,000 24,126,908 Installment Contracts: Certificates of Participation 4.51% 09/01/98 06/01/08 278,172 242,855 0 24,025 218,830 , TOTAL INSTALLMENT CONTRACTS 278,172 242,855 0 24,025 218,830 TOTAL GENERAL OBLIGATION DEBT $ 35,118,080 $ 26,466,763 $ 0 $ 2,121,025 $ 24,345 738 Revenue Bonds: 1990 Water/Sewer 5.90%-7.37% 11/01/90 10/01/10 $ 4,100,000 $ 175,000 $ 0 $ 175,000 $ 0 1992 Water/Sewer 3.50%-6.507. 06/01/92 12/01/12 4,000,000 510,000 0 160,000 350,000 1992 Water/Sewer Refunding 3.50%-6.35% 06/01/92 12/01/06 4,635,000 2,865,000 0 335,000 2,530,000 1993 Water/Sewer 3.00%-5.375% 08/01/93 04/01/13 5,285,000 4,190,000 0 210,000 3,980,000 1993 Water/Sewer Refunding 3.00%-5.375% 01/08/93 04/01/10 8,860,000 7,700,000 0 525,000 7,175,000 ' 1994 Water/Sewer 5.45%-6.55% 11/01/94 11/01/13 3,570,000 965,000 0 175,000 790,000 1998 Water/Sewer Refunding 3.70%-5.10% 03/01/98 06/01/13 6,120,000 5,695,000 0 50,000 5,645,000 1999 Golf System Refunding 3.25%-5.307. 04/01/99 12/01/15 5,040,000 4,760,000 0 210,000 4,550,000 TOTAL REVENUE BONDS $ 41,610,000 $ 26,860,000 $ 0 $ 1,840,000 $ 25,020,000 ' Public Works Trust Fund Loans: Northwest 7th Sewer Repair 5.00% 12/31/91 07/01/01 $ 84,779 $ 18,839 $ 0 $ 9,420 $ 9,419 Sierra Heights Sewer Improvements 3.00% 10/20/92 07/01/12 888,462 333,352 0 25,643 307,709 Central Renton Sewer Replacement 1.00% 06/14/93 07/01/15 1,631,800 1,328,805 0 87,483 1,241,322 East Renton Interceptor 2.00% 06/14/93 07/01/13 2,542,704 1,883,980 0 134,570 1,749,410 , Dayton Avenue NE 2.00% 05/24/94 07/01/14 96,958 76,546 0 5,103 71,443 Sanitary Sewer Grouting 2.007. 05/19/94 07/01/04 349,011 309,011 0 61,802 247,209 NE 27th/Aberdeen Drainage Improvements 1,00% 06/27/95 07/01/15 731,000 608,337 73,100 42,590 638,847 East Kennydale Interceptor 2.00% 06/26/96 07/01/16 2,093,740 1,764,067 209,374 103,769 1,869,672 , Honeycreek Interceptor 2.00% 06/26/96 07/01/16 1,840,568 1,646,824 0 96,872 1,549,952 Rolling Hills Reservoir 1.00% 03/26/96 07/01/01 154,400 57,900 38,600 28,950 67,550 Corrosion Control Treatment Facilities 1.001% 03/26/96 07/01/17 1,106,000 996,799 0 103,544 893,255 TOTAL PUBLIC WORKS TRUST FUND LOANS $ 11,519,422 $ 9,024,460 $ 321,074 $ 699,746 $ 8,645,788 ' Installment Contracts(Proprietary Funds): Metro(Cedar River Trunk Project) 5.00-5.25% 12/01/96 12/01/01 $ 314,952 $ 136,537 $ 0 $ 66,377 $ 70,160 TOTAL INSTALLMENT CONTRACTS $ 314,952 $ 136,537 $ 0 $ 66,377 $ 70,160 Capital Leases: Golf Course Carts 5.62% 07/19/96 06/19/00 $ 29,725 $ 4,635 $ 0 $ 4,635 $ 0 John Deere Equipment 9.50% 10/01/97 09/01/02 21,298 12,502 0 4,323 8,179 John Deere Equipment 10.39% 10/01/97 09/01/02 42,473 25,139 0 8,625 16,514 Yamaha Golf Course Carts 5.44% 04/01/00 04/01/03 80,668 0 80,668 18,752 61,916 TOTAL CAPITAL LEASES $ 174,164 $ 42,276 $ 80,668 $ 36,335 $ 86,609 ' LID Bonds and Notes: 332 Street/Utilities 6.00%-7.75% 10/15/88 10/15/05 $ 3,450,183 $ 175,000 $ 0 $ 175,000 $ 0 329 Street/Utilities 3.00%-5.507. 04/01/93 04/01/03 1,654,063 505,000 0 185,000 320,000 TOTAL LID BONDS AND NOTES $ 5,104,246 $ 680,000 $ 0 $ 360,000 $ 320,000 ' Employee Leave Benefits $ 0 $ 5,102,250 $ 0 $ 457,648 $ 4,644,602 TOTAL OUTSTANDING DEBT $ 93,840,864 $ 68,312,286 $ 401,742 $ 5,581,131 $ 63,132,897 B1 54 CITY OF RENTON,WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 DEEP DISCOUNT DEBT The 1996 Limited General Obligation Bond Issue included capital appreciation bonds that are issued at a deep discount. The deep-discount debt will mature in the years 2001, 2005, and 2006 with an accreted value of$21,000, $25,000 and $194,000 respectively. The deep-discount debt is reported in the General Long Term Debt Account Group in the amount of $143,337, net of the remaining unamortized discount. The 1997 Limited General Obligation Bond issue included capital appreciation bonds that are issued at a deep discount. The deep-discount debt will mature in the years 2006, 2007, and 2008 and 2009 with an accreted value of $335,000, $1,245,000, $1,250,000 and 1,000,000, respectively. The deep-discount debt is reported in the General Long Term Debt Account Group in the .. amount of$2,037,743, net of the remaining unamortized discount. SPECIAL ASSESSMENT DEBT WITH GOVERNMENTAL COMMITMENT As of December 31, 2000, a total of $320,000 of long-term special assessment debt was outstanding. This debt was issued to fund capital improvements to enhance the utility, accessibility and aesthetic value of property within the City of Renton. The source of repayment of this debt is in the form of assessments against benefiting property owners. In the event of default by one of these property owners the City is obligated for repayment, and has established a guaranty fund for that purpose. As of December 31, 2000, special assessment receivables totaled $1,031,565 that includes $22,323 of delinquent assessments. In the guaranty fund, $148,407 represents 46.4%of special assessment debt outstanding. r DEBT LIMIT CAPACITIES State law provides that debt cannot be incurred in excess of the following percentages of the value of the taxable property of the City: 1.5% without a vote of the people provided the ft indebtedness with a vote is I% or less; 2.5% with a vote of the people; 5.0% with a vote of the people, provided the indebtedness in excess of 2.5% is for utilities; and 7.5% with a vote of the people, provided the indebtedness in excess of 5.0% is for open space development and parks r■ facilities. At December 31, 2000, the debt limits for the City were as follows: TABLE 29: DEBT LIMIT CAPACITIES to WITHOUT WITH A VOTE OF THE PEOPLE ITEM A VOTE 2.5% 5.0% 7.5% Legal Limit $ 68,179,815 $113,633,025 $ 227,266,050 $ 340,899,075 Outstanding Net Indebtedness 19,419,646 22,604,004 0 22,604,004 Capacity Available $ 48,760,169 $ 91,029,021 $227,266,050 $ 318,295,071 �r REFUNDED DEBT As of December 31, 2000, the City's refunded debt includes five outstanding general obligation and revenue bond issues. The proceeds of the new refunding bond issues have been placed in an irrevocable trust to provide for all future debt service payments on the old bonds. As a result, the refunded bonds are considered to be defeased and the liability has been removed from the City's financial statements. Schedules of assets, liabilities, and equity as of December 31, 2000, and changes to refunded bonds payable are provided in the following tables. W� 55 CITY OF RENTON, WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 TABLE 30: REFUNDED BONDS U.S. BANK CORPORATE ITEM TRUST ASSETS: Cash with Trustee $ 20 .i Investments with Trustee 10,288,846 Estimated Interest Receivable 504,324 ' TOTAL ASSETS $ 10,793,190 LIABILITIES: Refunded Bonds Payable $ 9,895,000 EQUITY: Wd Earnings with Trustee 898,190 TOTAL LIABILITIES AND EQUITY $ 10,793,190 ' TABLE 31: CHANGES TO REFUNDED BONDS PAYABLE , BALANCE BALANCE t ITEM 12/31/99 INCREASE DECREASE 12/31/00 Refunded Bonds Payable GO $ 5,125,000 $ 0 $ 4,640,000 $ 485,000 Refunded Bonds Payable Revenue 12,295,000 0 2,885,000 9,410,000 TOTAL $17,420,000 $ 0 $ 7,525,000 $ 9,895,000 ' DEBT SERVICE TO MATURITY , Following is a schedule showing the debt service requirements to maturity for the City's long-term debt. Formulas have been implemented to compute the principal and interest obligations for the special assessment debt as it is redeemed in direct proportion with special assessment collections from district participants. A formula has also been used to compute the interest requirements on the general obligation debt that carries a variable interest rate tied directly to the prime rate. Deep-discount debt is reported at face value at maturity. 56 CITY OF RENTON,WASHINGTON IN NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 1N TABLE 32: DEBT SERVICE REQUIREMENT TO MATURITY(DOLLARS IN THOUSANDS) IN CAPITAL LEASES/ TOTAL LONG TERM REVENUE PW TRUST INSTALLMENT SPECIAL TOTAL LONG GO DEBT BONDS FUND LOANS CONTRACTS ASSESSMENT TERM DEBT YEAR PRINCIPAL INTEREST 1PRINCIPAL INTEREST 1PRINCIPAL .INTEREST 1PRINCIPAL INTEREST 1PRINCIPAL INTEREST 1PRINCIPAL INTEREST to 2001 $1,591 $1,048 $1,950 $1,239 $ 751 $ 106 $ 1 l 1 $ 9 $ 175 $ 17 $4,578 $2,419 2002 1,714 959 2,030 1,139 620 98 39 1 145 8 4,548 2,205 2003 1,282 1,249 2,160 1,033 621 89 7 0 0 0 4,070 2,371 im 2004 1,338 1,192 2,275 920 621 81 0 0 0 0 4,234 2,193 2005 1,231 1,304 2,390 794 558 75 0 0 0 0 4,179 2,173 2006 1,200 1,338 2,270 674 558 68 0 0 0 0 4,028 2,080 6111111 2007 1,182 1,349 1,870 569 558 61 0 0 0 0 3,610 1,979 2008 1,153 1,368 1,965 473 558 55 0 0 0 0 3,676 1,896 2009 1,245 1,258 1,720 379 558 48 0 0 0 0 3,523 1,685 2010 1,265 721 1,645 295 559 40 0 0 0 0 3,469 1,056 10 2011 1,340 639 1,360 219 559 33 0 0 0 0 3,259 891 2012 1,415 563 1,430 148 559 26 0 0 0 0 3,404 737 2013 1,495 482 1,150 82 533 20 0 0 0 0 3,178 584 2014 1,580 396 395 42 363 10 0 0 0 0 2,338 448 2015 1,675 306 410 22 358 9 0 0 0 0 2,443 337 2016 1,770 209 0 0 263 4 0 0 0 0 2,033 213 2017 1,870 108 0 0 49 1 0 0 0 0 1,919 109 TOTALS $24,346 $14,489 $25,020 $ 8,028 $ 8,646 $ 824 $ 157 $ 10 $ 320 $ 25 $58,489 $23,376 AMOUNT AVAILABLE FOR DEBT SERVICE Fund balances that have been reserved for debt repayment are $2,653,495 in the debt service funds. Ir. CAPITAL LEASES The City entered into a lease agreement in 1996, 1997 and 2000 as lessee for financing the acquisition of golf carts and lawn equipment for its Municipal Golf Course. The leases qualify as capital leases for accounting purposes. Therefore, at inception of the leases, the equipment was recorded as assets with a corresponding long-term liability equal to the present value of the future lease payments that totaled $174,164. The fund records lease payments as reductions of the long-term liability and as interest expense over the life of the lease. As of December 31, 2000, the current and long-term portion of capital leases payable were $40,954 and $45,656, respectively. Table 33 provides the future minimum lease obligations and the net present value of these minimum lease payments as of December 31, 2000. ' TABLE 33: CAPITAL LEASE OBLIGATIONS ' GOLF COURSE YEAR ENDING DECEMBER 31,2000 FUND 2001 $ 45,365 ' 2002 39,977 2003 7,301 Total Minimum Lease Payments 92,643 ' Less: Interest (6,033) PRESENT VALUE OF MINIMUM LEASE PAYMENTS $ 86,610 57 CITY OF RENTON,WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000- NOTE 13 - DEFERRED CHARGES IN PROPRIETARY FUNDS In accordance with generally accepted accounting principles for regulated businesses, the Waterworks Utility Fund had a deferred cost of $320,000 in 1982 that was a Utility Fund payment for construction of a new City Shop facility, which was occupied in mid-1984. The facility was ' constructed from the proceeds of a$2,300,000 General Obligation Bond Issue. The $320,000 will be credited toward the Utility's portion of the rental charge for the new facility and will be expensed over the 20-year life of the bond issue. As of December 31, 2000, there was a balance remaining of$48,000. NOTE 14 - RESERVATIONS AND DESIGNATIONS OF FUND EQUITY ' Following is an analysis of fund equity reservations and designations by type for each of the City's , fund groups. TABLE 34: RESERVATIONS OF FUND EQUITY , GENERAL DEBT TRUST b EQUITY RESERVED FOR: FUND SERVICE ENTERPRISE AGENCY TOTAL ' Debt Service/Arbitrage $ 0 $ 2,653,495 $ 10,922,088 $ 0 $ 13,575,583 Advances/Other Funds/Prepaids 83,000 0 0 0 83,000 Future Use 228,673 0 0 0 228,673 Employees' Pension Benefits 0 0 0 8,046,220 8,046,220 TOTAL $ 311,673 $ 2,653,495 $10,922,088 $ 8,046,220 $21,933,476 TABLE 35: UNRESERVED DESIGNATED FUND EQUITY EQUITY DESIGNATED FOR: GENERAL FUND Inmate Health &Welfare $ 34,077 Investigative Fund Confiscations 98,452 TOTAL $ 132,529 NOTE 15 - SEGMENT INFORMATION FOR ENTERPRISE FUNDS The City maintains four enterprises whose operations are accounted for in the Enterprise Funds and are financed and operated in a manner similar to private business. It is generally intended that the costs of providing goods or services to the general public on a continuing basis should be financed or recovered primarily through user charges. Segment information for the year ended December 31, 2000 follows: 58 CITY OF RENTON,WASHINGTON 10 NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 TABLE 36: SEGMENT INFORMATION FOR ENTERPRISE FUNDS WATERWORKS SOLID GOLF TOTAL ENTERPRISE ITEM UTILITY AIRPORT WASTE COURSE FUNDS TOTAL OPERATING REVENUE $ 23,136,089 $ 654,660 $ 8,076,523 $ 2,238,204 $ 34,105,476 OPERATING EXPENSES: Operations&Maintenance 12,020,228 356,972 7,352,479 1,311,386 21,041,065 Administrative&General 1,826,630 120,315 0 0 1,946,945 Insurance 0 20,000 0 0 20,000 ft Taxes 1,806,916 0 1,113,970 9,295 2,930,181 Depreciation 3,217,984 256,399 31,878 334,016 3,840,277 Total Operating Expenses 18,871,758 753,686 8,498,327 1,654,697 29 778,468 Net Operating Income(Loss) 4,264,331 (99,026) (421,804) 583,507 4,327,008 is Non-Operating Revenue Net of Expenses (698,697) 248,613 158,355 (147,937) (439,666) Operating Transfers In(Out) 15,248 0 0 0 15,248 Net Income(Loss) $ 3,580,882 $ 149,587 $ (263,449) $ 435,570 $ 3,902,590 to Net Working Capital $ 7,087,992 $ 3,487,685 $ 1,142,437 $ 971,615 $ 12,689,729 Additions to Property,Plant and Equipment,Net of Disposals 7,189,510 (104,445) (4,3041 213,790 7,294,551 to Total Assets 160,897,212 8,280,323 1,519,237 10 597 735 181,294,507 Long Term Debt,Net of Current Portion &Bond Premium/Discount 25,889,196 0 0 3,823,809 29 713 005 Current Capital Contributions 6,382,336 133,590 0 0 6,515,926 TOTAL FUND EQUITY $ 130,723,099 $ 8,169,366 $ 1,217,128 $ 6,290,538 $ 146,400,131 llw NOTE 16 - LITIGATION The City is involved in several pending lawsuits. The City Attorney estimates that the potential claims against the City not covered by insurance resulting from such litigation would not materially affect the financial statements of the City. NOTE 17 - RISK MANAGEMENT The City of Renton is exposed to various risks of loss related to tort; theft of, damage to, and to destruction of assets; errors and omissions; injuries to employees; and natural disasters. The City of Renton protects itself against unforeseen losses by utilizing a three-pronged risk management approach. First, the City self-funds first level losses through its Insurance Fund. Second, stop-gap insurance is purchased to cover medium and large losses. And third, the City reserves the right to utilize the provisions of RCW 35A.31.060 to fund catastrophic or uninsured losses. This State statute allows cities to levy a non-voted property tax increase to pay for uninsured claims. An analysis of the self-insurance retention levels, limits of insurance, and claims administrators for the major types of coverages are presented in Table 37. During 2000, there were no reductions in insurance coverage, and settlements for the last three years have not exceeded insurance ' coverage. ' 59 CITY OF RENTON, WASHINGTON NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2000 TABLE 37: RISK MANAGEMENT RISK RETENTION RISK SHARING ' TYPE OF COVERAGE OCCURRENCE CLAIMS ADMIN AGGREGATE CARRIER Property $25,000 WA Cities Ins Authority $500,000,000 WA Cities Ins Authority (per occurrence ' subject to sub-limits) Liability 250,000 WA Cities Ins Authority 14,000,000 WA Cities Ins Authority (per occurrence) Auto Liability 250,000 WA Cities Ins Authority 14,000,000 WA Cities Ins Authority (per occurrence) Boiler&Machinery 5,000 Arthur J.Gallagher 50,000,000 Hartford Steam Boiler Public Officials 250,000 WA Cities Ins Authority 10,000,000 WA Cities Ins Authority Crime 10,000 Arthur J.Gallagher 1,000,000 Travelers Casualty& Surety Airport Liability 0 Arthur J.Gallagher 50,000,000 Westchester Eire Ins Underground Storage Tank 10,000 Arthur J.Gallagher 1,000,000 Commerce&Industry Worker's Comp 225,000 Johnston&Culberson 2,000,000 Safety National Employee Health 120,000 HMA,Inc N/A Safeco The City's Risk Management Program is administered by the Human Resources and Risk Management Administrator, with claims being processed by the independent claims administrators noted in Table 37. As of December 31, 2000, the City had accrued the following amounts for outstanding claims. TABLE 38: OUTSTANDING CLAIMS INCURRED/ INCURRED BUT NOT TOTAL CLAIMS COVERAGE REPORTED REPORTED PAYABLE Property&Liability $ 0 $ 843,175 $ 843,175 Worker's Compensation 0 369,456 369,456 Employee Health 0 549,333 549,333 TOTAL $ 0 $1,761,964 $1,761,964 Claims settlements and loss expenses are accrued in the Insurance Fund for the estimated settlement value of both reported and unreported claims. The Insurance Fund is used for collecting interfund premiums from insured funds and departments, and for paying claims settlements. Interfund premiums are assessed on the basis of claims history, number of employees, and value of assets. Table 39 below presents changes in claims liabilities for 1999 .» and 2000. TABLE 39: CHANGES IN CLAIMS LIABILITIES PROPERTY& WORKER'S EMPLOYEE LIABILITY COMPENSATION HEALTH TOTALS ITEM 1 2000 1999 2000 1999 1 _ 2000 1999 1 2000 199_9 Claims Liabilities at Beginning of Year $ 1,125,180 $ 1,995,202 $ 746,449 $ 516,127 $ 313,285 $ 229,716 $2,184,914 $2,741,045 Claims Expenses: Current Year and Changes in 241,415 127,286 (258,055) 853,531 4,057,809 3,447,752 4,041,169 4,428,569 Estimates r. Claims Payments (523,420) (997,308) (118,938) (623,209) (3,821,761) (3,364,183) (4,464,119) (4,984,700) Claims Liabilities at End of Year $ 843,175 $1,125,180 $ 369,456 $ 746,449 $ 549,333 $ 313,285 $1,761,964 $2,184,914 NOTE 18 - SUBSEQUENT EVENTS There are no material subsequent events pending that have any material affect to the financial statements between January 1, 2001 and June 30, 2001. 60 General Fund t{ � ,» v CITY OF RENTON,WASHINGTON GENERAL FUND DECEMBER 31, 2000 The City of Renton's General Fund includes all financial transactions that are not properly accounted for in other funds. It is the largest accounting entity in the City and provides for most of the general operations except for park, street, and library functions, which are accounted for in special revenue funds. The major resource to the General Fund is general tax revenue. Licenses and permits, charges for service and fines and forfeits provide additional support. ' 61 CITY Of RENTON,WASHINGTON GENERALFUND COMPARATIVE BALANCE SHEET d DECEMBER 31,2000 w WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 1) 2000 1999 ASSETS: Cash and Cash Equivalents $ 637,230 $ 747,838 Investments at Fair Value 8,022,110 4,977,648 Receivables: Taxes 358,241 323,826 Accounts 3,704,822 3,498,467 Interest on Investments 389,986 224,574 Due From Other Funds 4,886 9,203 Due From Other Governmental Units 144,649 0 Prepaid Items 8.000 8•000 Restricted Assets: Deposits 88,617 109,080 Interfund Loans/Advances-Non-Current 75,000 75,000 TOTAL ASSETS $ 13.433541 $ 9.973.6.'36 LIABILITIES AND FUND EQUITY: LIABILITIES: Vouchers/Contracts Payable $ 469,445 $ 312,186 Due To Other Funds 254,263 180,716 Due To Other Governmental Units 1,695,248 1,616,397 Accrued Employee Benefits Payable 0 2,027 Accrued Taxes Payable 938 1,396 Deferred Revenues 2,469,428 2,173,468 Accrued Employee Leave Benefits 207,214 223,224 TOTAL LIABILITIES 5,096,536 4,509,414 FUND EQUITY: Fund Balance: Reserved for Future Use 228,673 0 Reserved for Advances/Prepaids/Contingency 83,000 83,000 Unreserved-Designated: For Inmate Health&Welfare 34,077 29,932 For Investigative Fund Confiscations 98,452 86,691 Unreserved-Undesignated 7,892,803 5,264,599 TOTAL FUND EQUITY 8,337,005 5,464,222 TOTAL LIABILITIES AND FUND EQUITY $ 13.433.541 $ 9.973.636 62 CITY OF RENTON, WASHINGTON GENERAL FUND STATEMENT OF REVENUES,EXPENDITURES,AND CHANGES IN FUND BALANCE YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 1) 2000 1999 REVENUES Taxes $ 29,822,126 $ 27,878,475 Licenses And Permits 2,568,757 1,687,572 Intergovernmental Revenues 2,156,609 2,299,474 Charges For Services 4,129,214 3,867,738 Fines And Forfeits 974,273 797,657 Contributions 36,193 28,163 Interest 1,318,783 1,161,911 Miscellaneous Revenues 64,258 47,400 TOTAL REVENUES 41,070,213 37,768,390 ' EXPENDITURES Current: General Government 8,512,651 8,065,131 Security Of Persons And Property 22,861,304 21,336,276 Physical Environment 1,769,012 1,892,549 Economic Environment 3,345,054 2,919,978 Mental And Physical Health 8,599 8,486 Culture and Recreation 25,370 0 ' Capital Outlay 194,351 573,298 Debt Service: Principal Retirement 0 33,018 Interest&Fiscal Charges 0 2,848 TOTAL EXPENDITURES 36,716,341 34,831,584 ' EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES 4,353,872 2,936,806 ' OTHER FINANCING SOURCES(USES) Operating Transfers(Out) (1,560,051) (2,107,458) Sale Of General Fixed Assets 78,962 0 TOTAL OTHER FINANCING SOURCES(USES) (1,481,089) (2,107,458) EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 2,872,783 829,348 ' FUND BALANCE JANUARY 1 5,464,222 4,642,713 Residual Equity Transfers In 0 0 Residual Equity Transfers Out 0 (7,839) FUND BALANCE DECEMBER 31 $ ---L337-0Q5- $ 5.464. 1 ' 63 CITY OF RENTON,WASHINGTON GENERAL FUND STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 ' (PAGE 1 OF 1) GENERAL VARIANCE ' FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL REVENUES Taxes $ 29,384,753 $ 29,860,285 $ 475,532 $ 28,051,223 Licenses And Permits 1,522,620 2,574,275 1,051,655 1,679,687 Intergovernmental Revenues 1,595,254 1,923,024 327,770 2,352,702 Charges For Services 3,727,896 4,130,024 402,128 3,849,410 Fines And Forfeits 727,440 903,864 176,424 797,657 Contributions 24,510 36,193 11,683 28,163 Interest 758,600 1,108,224 349,624 1,019,349 Miscellaneous Revenues 27,680 64,253 36,573 47,151 TOTAL REVENUES 37,768,753 40,600,142 2,831,389 37,825,342 EXPENDITURES Current: General Government 9,217,825 8,513,589 704,236 8,066,917 Security Of Persons And Property 23,308,631 22,889,748 418,883 21,300,403 Physical Environment 1,826,928 1,769,642 57,286 1,892,541 Economic Environment 3,497,795 3,346,564 151,231 2,932,573 Mental And Physical Health 10,500 8,599 1,901 8,486 Culture And Recreation 0 25,370 (25,370) 0 Capital Outlay 191,795 194,350 (2,555) 573,299 Debt Service: Principal Retirement 0 0 0 33,018 Interest&Fiscal Charges 0 0 0 2,848 TOTAL EXPENDITURES 38,053,474 36,747,862 1,305,612 34,810,085 EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES (284,721) 3,852,280 4,137,001 3,015,257 OTHER FINANCING SOURCES(USES) Operating Transfers(Out) (1,560,051) (1,560,051) 0 (2,368,989) Sale Of General Fixed Assets 0 78,963 78,963 0 TOTAL OTHER FINANCING SOURCES(USES) (1,560,051) (1,481,088) 78,963 (2,368,989) EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES (1,844,772) 2,371,192 4,215,964 646,268 FUND BALANCE JANUARY 1 5,373,397 5,373,397 0 4,734,968 Residual Equity Transfers In 0 0 0 0 Residual Equity Transfers(Out) 0 0 0 (7,839) FUND BALANCE DECEMBER 31 $ 3.528.625 $ 7.744.589 $ 4.215.964 $ 5.373.397 p G t a t h 64 I� Special Revenue Funds t ,a, CITY OF RENTON,WASHINGTON w� SPECIAL REVENUE FUNDS DECEMBER 31, 2000 Special Revenue Funds account for the proceeds of specific revenue sources other than special assessments, expendable trust, or major capital projects. These revenues finance particular activities or functions as required by law or administrative regulations. The City of Renton's Special Revenue Funds are summarized below. �. Park Fund: Accounts for operation of the City's parks and recreation system, maintenance of municipal buildings and landscaping services for public facilities. Resources are primarily from general tax revenues and charges for services. Arterial Street Fund: Established in accordance with RCW 82.36.020 for the administration of the State levied motor vehicle '/2 cent gasoline tax distributed to Renton. Expenditures are limited by law to capital improvements of City arterial streets. Street Fund: Established in accordance with RCW 35A.37.010 to account for maintenance and improvement of the City's street and traffic control systems. Major sources of support are general tax revenues and the State levied tax on motor vehicle fuels distributed to Renton, to be used for City street purposes. Community Development Block Grant Fund: Established in 1992 to administer the Federally funded Community Development Block Grant activity per City Ordinance #4335. The program was reported in the General Fund in prior years. Impact Mitigation Fund: Created to account for monies collected from developers to offset impacts created by their developments to City's facilities. In 1999, this fund was closed and three new mitigation funds were created as Capital Project Funds to better account for mitigation funds by type, i.e., Community Development, Fire, and Transportation. Library Fund: Accounts for operation of the City's library system, including central and "■' branch facilities. Resources to the fund are mainly general tax revenues and library fines. Hotel/Motel Tax Fund: Established in 1998 to account for monies collected as a result of SSB 5867, which allows Washington State cities to impose an increase in the hotel/motel tax of up to 1 percent for the purpose of increasing tourism. The Renton City Council adopted the tax on December 15, 1997. Paths and Trails Reserve Fund: Created for the purpose of planning, accommodating, establishing and maintaining certain paths and trails. One-half of one-percent (1/2 of 1%) of the State levied motor vehicle fuel fax distributed to Renton, is allocated to this fund each year. One Percent for Art Fund: The fund is established to account for required City's contribution equal to 1% of general governmental capital project funding for art projects. Cable Communications Development Fund: Provision for promotion and development of cable communications according to City Ordinances #3155 and #3137. 65 1r CITY OF RENTON,WASHINGTON alr SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 2) COMMUNITY PARK ARTERIAL STREET DEVELOPMENT STREET BLOCK GRANTS ASSETS: Cash and Cash Equivalents $ 706,847 $ 153,069 $ 996,684 $ 30.666 Investments at Fair Value 1,257,563 0 450,671 0 Receivables: Accounts 1,689 0 7,989 0 Interest on Investments 21,618 0 3,261 0 Due From Other Funds 0 0 29,876 0 Due From Other Governmental Units 0 0 0 46,192 TOTAL ASSETS $ 1.987.717 $ 153.069 $ 1.488.481 $ 76.858 LIABILITIES AND FUND EQUITY: LIABILITIES: Vouchers/Contracts Payable $ 240,960 $ 0 $ 147,545 $ 658 Retainage Payable 0 0 0 0 Due To Other Funds 0 0 0 0 Accrued Taxes Payable 5,064 0 770 0 Deposits Payable 18,430 0 0 0 Accrued Employee Leave Benefits 38,280 0 23,727 0 Interfund Loans/Advances-Non-Current 0 0 0 75,000 TOTAL LIABILITIES 302,734 0 172,042 75,658 FUND EQUITY: di Fund Balance: Unreserved-Undesignated 1,684,983 153,069 1,316,439 1,200 TOTAL FUND EQUITY 1,684,983 153,069 1,316,439 1,200 TOTAL LIABILITIES AND FUND EQUITY $ 1.987.717 $ 153.069 $ 1,488.481 $ 76.858 4 y 5 66 CITY OF RENTON,WASHINGTON SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 2 OF 2) CABLE COMPARATIVE TOTALS IMPACT LIBRARY HOTEL/ PATHS ONE PERCENT COMMUNICATIONS MITIGATION MOTEL TAX &TRAILS FOR ART DEVELOPMENT 2000 1999 $ 0 $ 374,452 $ 217,091 $ 2,807 $ 29,406 $ 71,923 $ 2,582,945 $ 2,034,476 0 0 0 0 0 100,141 1,808,375 1,341,179 0 0 0 0 0 0 9,678 24,979 0 1,433 0 0 0 1,174 27,486 9,253 0 0 0 0 0 0 29,876 33,635 0 0 0 0 0 0 46,192 60,534 $ 0 $ 375.885 $ ?17.091 $_ 2.807 $ 29.406 $ 173.238 $ 4.504.55 $ 3.504.056 $ 0 $ 42,452 $ 1,000 $ 0 $ 0 $ 1,386 $ 434,001 $ 251,580 0 0 0 0 0 0 0 9,167 0 0 0 0 0 0 0 178,321 aw 0 1,639 0 0 0 0 7,473 6,469 0 0 0 0 0 0 18,430 15,980 0 9,376 0 0 0 0 71,383 76,592 0 0 0 0 0 0 75,000 75,000 0 53,467 1,000 0 0 1,386 606,287 613,109 to 0 322,418 216,091 2,807 29,406 171,852 3,898,265 2,890,947 0 322,418 216,091 2,807 29,406 171,852 3,898,265 2,890,947 $ 0 $ 375.885 $ 217.091 $ 2.807 $ 29.406 $ 173.238 $ 404.552 $ 3.504.056 Im w in In 67 CITY OF RENTON,WASHINGTON SPECIAL REVENUE FUNDS + COMBINING STATEMENT OF REVENUES,EXPENDITURES,AND CHANGES IN FUND BALANCES YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 2) COMMUNITY PARK ARTERIAL STREET DEVELOPMENT STREET BLOCK GRANTS REVENUES Taxes $ 7,722,882 $ 0 $ 3,620,368 $ 0 Licenses And Permits 0 0 61,558 0 Intergovernmental Revenues 12,825 337,318 721,433 510,658 Charges For Services 763,529 0 920,695 0 Fines And Forfeits 0 0 0 0 Contributions 18,893 0 0 0 Interest 125,887 15,578 65,877 0 Miscellaneous Revenues 454,238 0 203 0 TOTALREVENUES 9,098,254 352,896 5,390,134 510,658 EXPENDITURES Current: General Government 2,135,401 0 0 0 Transportation 154,302 0 4,964,118 0 Economic Environment 617,035 0 0 274,085 Culture and Recreation 5,217,476 0 0 0 Capital Outlay 2,497 0 12,047 72,000 TOTAL EXPENDITURES 8,126,711 0 4,976,165 346,085 EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES 971,543 352,896 413,969 164,573 OTHER FINANCING SOURCES(USES) Interfund Loan Proceeds 0 0 0 0 Operating Transfers In 0 0 0 0 Operating Transfers(Out) (550,000) (353,500) (100,000) 0 Sale Of General Fixed Assets 0 0 30,000 0 TOTAL OTHER FINANCING SOURCES(USES) (550,000) (353,500) (70,000) 0 EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER ' EXPENDITURES AND OTHER FINANCING USES 421,543 (604) 343,969 164,573 FUND BALANCE JANUARY 1 1,263,440 153,673 972,470 (163,373) Residual Equity Transfers In 0 0 0 0 Residual Equity Transfers Out 0 0 0 0 1.684.983 r FUND BALANCE DECEMBER 31 $ $ 153.069 $ 1.316.439 $ 1.200 r r r r � r r . 68 ' CITY OF RENTON,WASHINGTON SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES,AND CHANGES IN FUND BALANCES YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 2 OF 2) r ONE CABLE TOTALS IMPACT LIBRARY HOTEL/ PATHS PERCENT COMMUNICATIONS MITIGATION MOTEL TAX &TRAILS FOR ART DEVELOPMENT 2000 1999 $ 0 $ 1,296,800 $ 146,666 $ 0 $ 0 $ 30,000 $ 12,816,716 $ 11,345,408 0 0 0 0 0 0 61,558 58,327 0 0 0 0 0 0 1,582,234 1,300,784 0 8,539 0 0 0 0 1,692,763 1,620,896 so 0 33,825 0 0 0 0 33,825 33,670 0 8,506 0 0 0 0 27,399 (63,122) 0 15,092 9,975 0 1,576 10,249 244,234 113,580 0 30 0 0 0 1,500 455,971 486,661 0 1,362,792 156,641 0 1,576 41,749 16,914,700 14,896,204 be 0 0 0 0 0 0 2,135,401 1,906,909 0 0 0 0 0 0 5,118,420 5,130,703 0 0 90,901 0 0 0 982,021 872,486 0 1,330,312 0 0 0 29,279 6,577,067 6,159,132 0 7,027 0 0 0 27,402 120,973 143,739 0 1,337,339 90,901 0 0 56,681 14,933,882 14,212,969 r 0 25,453 65,740 0 1,576 (14,932) 1,980,818 683,235 0 0 0 0 0 0 0 148,000 0 0 0 0 0 0 0 4,468 0 0 0 0 0 0 (1,003,500) (708,180) 0 0 0 0 0 0 30,000 35,000 0 0 0 0 0 0 (973,500) (520,712) 0 25,453 65,740 0 1,576 (14,932) 1,007,318 162,523 0 296,965 150,351 2,807 27,830 186,784 2,890,947 9,037,183 0 0 0 0 0 0 0 7,839 0 0 0 0 0 0 0 (6,316,598) $ 0 $ 322.418 $ 216.091 $ 2.807 $ 29.406 $ 171.852 $ 3.898.265 $ 2.890.947 r r ow 69 CITY OF RENTON,WASHINGTON SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31, 1999 (PAGE 1 OF 8) PARK VARIANCE FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL REVENUES Taxes $ 7,378,300 $ 7,722,882 $ 404,582 $ 6,698,314 Licenses And Permits 0 0 0 0 Intergovernmental Revenues 0 12,825 12,825 5,325 Charges For Services 489,800 763,529 273,729 640,270 Fines And Forfeits 0 0 0 0 Contributions 0 19,393 19,393 21,438 Interest 25,000 97,944 72,944 36,317 Miscellaneous Revenues 448,500 465,934 17,434 453,315 TOTAL REVENUES 8,281,600 9,082,507 800,907 7,854,979 EXPENDITURES ' Current: General Government 2,132,210 2,135,079 (2,869) 1,908,058 Transportation 165,737 154,302 11,435 159,044 Economic Environment 591,975 616,819 (24,844) 556,227 Culture and Recreation 5,393,570 5,221,745 171,825 4,903,931 Capital Outlay 1,678 2,497 (819) 0 TOTAL EXPENDITURES 8,285,170 8,130,442 154,728 7,527,260 EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES (3,570) 952,065 955,635 327,719 OTHER FINANCING SOURCES(USES) Interfund Loan Proceeds 0 0 0 0 Operating Transfers In 0 0 0 0 Operating Transfers(Out) (550,000) (550,000) 0 0 Sale Of General Fixed Assets 0 0 0 0 TOTAL OTHER FINANCING SOURCES(USES) (550,000) (550,000) 0 0 ' EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES (553,570) 402,065 955,635 327,719 FUND BALANCE JANUARY 1 1,291,005 1,291,005 0 955,447 Residual Equity Transfers In 0 0 0 7,839 Residual Equity Transfers(Out) 0 0 0 0 FUND BALANCE DECEMBER 31 $ 737.435 $ 1.693.070 $ 955.635 $ 1.291.005 ' 70 , CITY OF RENTON,WASHINGTON ow SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 2 OF 8) ARTERIAL STREET STREET VARIANCE VARIANCE FAVORABLE 1999 FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL BUDGET ACTUAL <UNFAVORABLE> ACTUAL $ 0 $ 0 $ 0 $ 0 $ 3,578,286 $ 3,620,368 $ 42,082 $ 3,239,271 0 0 0 0 20,000 61,018 41,018 52,676 357,600 337,317 (20,283) 333,141 756,070 721,433 (34,637) 712,557 0 0 0 0 1,064,104 924,454 (139,650) 984,565 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10 6,000 15,578 9,578 9,631 90,000 61,040 (28,960) 49,625 0 0 0 0 66,015 7,706 (58,309) 23,864 363,600 352,895 (10,705) 342,772 5,574,475 5,396,019 (178,456) 5,062,558 fr 0 0 0 0 0 0 0 0 0 0 0 0 5,545,145 4,968,265 576,880 4,975,632 0 0 0 0 0 0 0 0 ill 0 0 0 0 0 0 0 0 0 0 0 0 0 12,047 (12,047) 8,811 0 0 0 0 5,545,145 4,980,312 564,833 4,984,443 363,600 352,895 (10,705) 342,772 29,330 415,707 386,377 78,115 0 0 0 0 0 0 0 148,000 0 0 0 0 0 0 0 4,468 (353,500) (353,500) 0 (343,180) (100,000) (100,000) 0 (365,000) 0 0 0 0 0 30,000 30,000 35,000 (353,500) (353,500) 0 (343,180) (100,000) (70,000) 30,000 (177,532) 10,100 (605) (10,705) (408) (70,670) 345,707 416,377 (99,417) 153,674 153,674 0 154,082 953,432 953,432 0 1,052,849 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $ 163.774 $ 153.069 $ 110.7051 $ 153.674 $ 882.762 $_ 1.299.139 $ 416.377 $ r ow to 71 %w CITY OF RENTON,WASHINGTON r SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 3 OF 8) COMMUNITY DEVELOPMENT BLOCK GRANTS VARIANCE FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL REVENUES Taxes $ 0 $ 0 $ 0 $ 0 Licenses And Permits 0 0 0 0 Intergovernmental Revenues 499,035 346,679 (152,356) 397,032 Charges For Services 0 0 0 0 Fines And Forfeits 0 0 0 0 Contributions 0 0 0 0 Interest 0 0 0 0 Miscellaneous Revenues 0 0 0 0 TOTAL REVENUES 499,035 346,679 (152,356) 397,032 EXPENDITURES Current: General Government 0 0 0 0 Transportation 0 0 0 0 Economic Environment 303,035 274,084 28,951 263,201 Culture and Recreation 0 0 0 0 Capital Outlay 196,000 72,000 124,000 136,066 TOTAL EXPENDITURES 499,035 346,084 152,951 399,267 EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES 0 595 595 (2,235) OTHER FINANCING SOURCES(USES) Interfund Loan Proceeds 0 0 0 0 Operating Transfers In 0 0 0 0 Operating Transfers(Out) 0 0 0 0 Sale Of General Fixed Assets 0 0 0 0 TOTAL OTHER FINANCING SOURCES(USES) 0 0 0 0 ' EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 0 595 .595 (2,235) ' FUND BALANCE JANUARY 1 (45,586) (45,586) 0 (43,351) Residual Equity Transfers In 0 0 0 0 Residual Equity Transfers(Out) 0 0 0 0 FUND BALANCE DECEMBER 31 $ 145.5861 $ 144.9911 $ 595 $ (45.5861 72 r CITY OF RENTON,WASHINGTON qw SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 4 OF 8) IMPACT MITIGATION LIBRARY VARIANCE VARIANCE FAVORABLE 1999 FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL BUDGET ACTUAL <UNFAVORABLE> ACTUAL $ 0 $ 0 $ 0 $ 0 $ 1,296,800 $ 1,296,800 $ 0 $ 1,246,943 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13,890 0 0 0 0 8,000 8,539 539 9,003 0 0 0 0 25,000 33,825 8,825 33,670 0 0 0 0 1,000 8,506 7,506 2,782 to 0 0 0 0 7,500 13,757 6,257 10,207 0 0 0 0 0 30 30 (49) 0 0 0 0 1,338,300 1,361,457 23,157 1,316,446 to 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1110 0 0 0 0 1,338,300 1,330,267 8,033 1,241,077 0 0 0 0 0 7,026 (7,026) 7,126 0 0 0 0 1,338,300 1,337,293 1,007 1,248,203 0 0 0 0 0 24,164 24,164 68,243 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 24,164 24,164 68,243 0 0 0 6,316,598 307,836 307,836 0 239,593 0 0 0 0 0 0 0 0 0 0 0 (6,316,598) 0 0 0 0 $ 0 $ $ 0 $ 0 $ 307.836 $ 332.000 $ 24.164 $ 307.836 to to ow to aw 73 CITY OF RENTON,WASHINGTON 1w SPECIAL REVENUE FUNDS 1 COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 5 OF 8) HOTEL/MOTEL TAX VARIANCE ' FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL REVENUES Taxes $ 175,000 $ 146,665 $ (28,335) $ 130,881 Licenses And Permits 0 0 0 0 Intergovernmental Revenues 0 0 0 0 Charges For Services 0 0 0 0 Fines And Forfeits 0 0 0 0 Contributions 0 0 0 0 Interest 0 9,975 9,975 2,944 Miscellaneous Revenues 0 0 0 0 TOTAL REVENUES 175,000 156,640 (18,360) 133,825 ' EXPENDITURES Current: General Government 0 0 0 0 Transportation 0 0 0 0 ' Economic Environment 285,000 90,901 194,099 53,050 Culture and Recreation 0 0 0 0 Capital Outlay 0 0 0 0 TOTAL EXPENDITURES 285,000 90,901 194,099 53,050 EXCESS(DEFICIENCY)OF REVENUES ' OVER EXPENDITURES (110,00 65,739 175,739 80,775 OTHER FINANCING SOURCES(USES) Interfund Loan Proceeds 0 0 0 0 Operating Transfers In 0 0 0 0 Operating Transfers(Out) 0 0 0 0 Sale Of General Fixed Assets 0 0 0 0 TOTAL OTHER FINANCING SOURCES(USES) 0 0 0 0 EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES (110,000) 65,739 175,739 80,775 ' FUND BALANCE JANUARY 1 150,352 150,352 0 69,577 Residual Equity Transfers In 0 0 0 0 Residual Equity Transfers(Out) 0 0 0 0 FUND BALANCE DECEMBER 31 $ 40.352 $ 216.091 $ 175.739 $ 150,352 ' A 74 CITY OF RENTON,WASHINGTON SPECIAL REVENUEFUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 6 OF 8) PATHS AND TRAILS ONE PERCENT FOR ART VARIANCE VARIANCE FAVORABLE 1999 FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL BUDGET ACTUAL <UNFAVORABLE> ACTUAL $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 0 0 0 0 0 0 0 0 350 0 (350) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ft 0 0 0 0 1,250 1,576 326 1,279 0 0 0 0 0 0 0 0 350 0 (350) 0 1,250 1,576 326 1,279 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,250 0 1,250 0 0 0 0 0 1,250 0 1,250 0 350 0 (350) 0 0 1,576 1,576 1,279 0 0 0 0 0 0 0 0 Yrr 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 350 0 (350) 0 0 1,576 1,576 1,279 2,807 2,807 0 2,807 27,830 27,830 0 26,551 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $ 3.157 $----Z807- $ (401 $ 2.807 $_ 97.830 $ 79.406 $ 1.576 $ 27.830 ow Ir Ir IW 75 CITY Of RENTON,WASHINGTON SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 7 OF 8) CABLE COMMUNICATIONS DEVELOPMENT VARIANCE FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL REVENUES Taxes $ 30,000 $ 30,000 $ 0 $ 30,000 Licenses And Permits 0 0 0 0 Intergovernmental Revenues 0 0 0 0 Charges For Services 0 0 0 0 Fines And Forfeits 0 0 0 0 Contributions 0 0 0 0 Interest 5,500 8,934 3,434 7,332 Miscellaneous Revenues 0 1,500 1,500 1,500 TOTAL REVENUES 35,500 40,434 4,934 38,832 ' EXPENDITURES Current: General Government 0 0 0 0 Transportation 0 0 0 0 , Economic Environment 0 0 0 0 Culture and Recreation 30,500 29,280 1,220 21,350 Capital Outlay 30,000 27,401 2,599 0 TOTAL EXPENDITURES 60,500 56,681 3,819 21,350 EXCESS(DEFICIENCY)OF REVENUES , OVER EXPENDITURES (25,000) (16,247) 8,753 17,482 OTHER FINANCING SOURCES(USES) Interfund Loan Proceeds 0 0 0 0 Operating Transfers In 0 0 0 0 Operating Transfers(Out) 0 0 0 0 Sale Of General Fixed Assets 0 0 0 0 TOTAL OTHER FINANCING SOURCES(USES) 0 0 0 0 EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES (25,000) (16,247) 8,753 17,482 , FUND BALANCE JANUARY 1 186,784 186,784 0 169,302 Residual Equity Transfers In 0 0 0 0 Residual Equity Transfers(Out) 0 0 0 0 FUND BALANCE DECEMBER 31 $ 161.784 $ 170.537 $ 8.753 $ 186.784 ' -+s 76 CITY OF RENTON,WASHINGTON 1r SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES, 40 AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 8 OF 8) TOTALS VARIANCE FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL $ 12,398,386 $ 12,816,715 $ 418,329 $ 11,345,409 Is 20,000 61,018 41,018 52,676 1,613,055 1,418,254 (194,801) 1,461,945 1,561,904 1,696,522 134,618 1,633,838 25,000 33,825 8,825 33,670 1,000 27,899 26,899 24,220 135,250 208,804 73,554 117,335 514,515 475,170 (39,345) 478,630 16,269,110 16,738,207 469,097 15,147,723 2,132,210 2,135,079 (2,869) 1,908,058 5,710,882 5,122,567 588,315 5,134,676 1,180,010 981,804 198,206 872,478 6,762,370 6,581,292 181,078 6,166,358 228,928 120,971 107,957 152,003 16,014,400 14,941,713 1,072,687 14,233,573 m 254,710 1,796,494 1,541,784 914,150 0 0 0 148,000 to 0 0 0 4,468 (1,003,500) (1,003,500) 0 (708,180) 0 30,000 30,000 35,000 (1,003,500) (973,500) 30,000 (520,712) (748,790) 822,994 1,571,784 393,438 3,028,134 3,028,134 0 8,943,455 0 0 0 7,839 0 0 0 (6,316,598) $ ?.979.344 $ 3.851228 $ 1.571.784 $ '1,078.1'14 r 77 sw CITY OF RENTON,WASHINGTON r rr r THIS PAGE INTENTIONALLY LEFT BLANK ' ti 78 Debt Service Funds 0' CITY OF RENTON,WASHINGTON r DEBT SERVICE FUNDS DECEMBER 31, 2000 r Debt Service Funds account for the accumulation of resources for, and the payment of principal and interest for the City's general obligation long-term debt and special r assessment debt. The City of Renton pledges its full faith and credit for payment of these obligations. Resources for redemption of Council-approved (limited) issues are from the general property tax levy. Revenue for voter-approved (unlimited) debt ■r service obligations originates from a special property tax levy. Resources for the payment of the special assessment debt are from assessments levied against benefited properties. The outstanding amount is recorded in the General Long Term Debt �+ Account Group. 1997 Limited General Obligation Bond Redemption Fund: Accounts for debt service on r a Council-approved bond issue, which provided funding for the purchase of the new Renton City Hall in May 1997. •• 1978 Limited General Obligation Bond Redemption Fund: Accounts for debt service on a Council-approved bond issue, which provided partial funding for construction of the Renton Senior Activity Center. r 1989 Limited General Obligation Refunding Bond Redemption Fund: Accounts for debt service on a Council-approved refunding bond issue, which refunded the 1983 limited r refunding bond issue. 1983 Unlimited General Obligation Refunding Bond Redemption Fund: Accounts for �+ debt service on an unlimited refunding bond issue, which refunded the 1980 and 1982 voter-approved bond issues. Bond proceeds financed the development of Gene Coulon Memorial Beach Park. r General Government Miscellaneous Debt Service Fund: Accounts for debt service on installment contracts for equipment, City Shop land purchase, the 1984 and 1985 Limited General Obligation Bond issues for equipment and the 1986 Limited Bond issued to finance a community center, library improvements, permanent financing for purchase of a golf course, acquisition of wetlands property and equipment. r 1989 Unlimited General Obligation Bond Redemption Fund: Accounts for debt service on a voter-approved bond issue, which provided financing to acquire, construct, rehabilitate, equip and develop low income housing for the elderly. Special Assessment Debt Fund: This fund accounts for the special assessment r collections and debt service payments for all local improvement districts located within the City. r' Special Assessment Guaranty Fund: This fund was established in accordance with State law for the purpose of guaranteeing the payment of outstanding Special Assessment Bonds and coupons. 79 CITY OF RENTON,WASHINGTON DEBT SERVICE FUNDS COMBINING BALANCE SHEET DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 2) 1989 LIMITED 1983 UNLIMITED 1997 LIMITED 1978 LIMITED GO REFUNDING GO REFUNDING GO BONDS GO BONDS BONDS BONDS ASSETS: Cash and Cash Equivalents $ 9,007 $ 179,207 $ 46,414 $ 624,794 Cash With Fiscal Agent 0 0 160,000 0 Investments at Fair Value 0 0 0 0 Receivables: Taxes 0 0 0 18,030 Special Assessments-Current 0 0 0 0 Special Assessments-Delinquent 0 0 0 0 Special Assessments-Deferred 0 0 0 0 Interest-Special Assessments 0 0 0 0 Interest on Investments 0 0 0 0 Due From Other Funds 0 0 0 227 TOTAL ASSETS $ 9.007 $ 179.207 $ 206.414 $ 643.051 LIABILITIES AND FUND EQUITY: ' LIABILITIES: Vouchers/Contracts Payable $ 202 $ 3 $ 0 $ 0 Matured Interest Payable 0 0 160,000 0 Deferred Revenues 0 0 0 18,030 ' TOTAL LIABILITIES 202 3 160,000 18,030 FUND EQUITY: Fund Balance: Reserved for Debt Service 8,805 179,204 46,414 625,021 TOTAL FUND EQUITY 8,805 179,204 46,414 625,021 TOTAL LIABILITIES AND FUND EQUITY $ 9.007 $ 179.207 $ 206.414 $ 643.051 1 80 ' CITY Of RENTON,WASHINGTON rrr DEBT SERVICE FUNDS COMBINING BALANCE SHEET w DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 2 OF 2) to GENERAL SPECIAL SPECIAL COMPARATIVE TOTALS GOVERNMENT 1989 UNLIMITED ASSESSMENT ASSESSMENT MISC DEBT GO BONDS DEBT GUARANTY 2000 1999 $ 590,038 $ 520,491 $ 224,719 $ 45,659 $ 2,240,329 $ 2,841,478 to 11,000 10,000 210,000 0 391,000 397,000 0 0 150,250 100,141 250,391 49,555 0 12,854 0 0 30,884 30,424 an 0 0 682 0 682 134 0 0 22,323 0 22,323 3,461 0 0 1,008,560 0 1,008,560 1,380,071 0 0 7,156 0 7,156 1,356 0 0 3,203 2,607 5,810 478 126,943 151 0 0 127,321 90,755 $ 727.981 $ 5Aa 496 $ 1.626M $ 148.407 $ 4.084.456 $ 4.794.712 $ 312 $ 0 $ 0 $ 0 $ 517 $ 202 11,000 10,000 210,000 0 391,000 397,000 0 12,854 1,008,560 0 1,039,444 1,410,495 11,312 22,854 1,218,560 0 1,430,961 1,807,697 716,669 520,642 408,333 148,407 2,653,495 2,987,015 716,669 520,642 408,333 148,407 2,653,495 2,987,015 $ 727.981 $_ 543 $ 1.626.893 $ 148.407 $ 4.084.456 $ 4.794.712 r !r Ir 81 r CITY OF RENTON,WASHINGTON DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES,AND CHANGES IN FUND BALANCES YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 2) 1989 LIMITED 1983 UNLIMITED 1997 LIMITED 1978 LIMITED GO REFUNDING GO REFUNDING GO BONDS GO BONDS BONDS BONDS REVENUES Taxes $ 735,000 $ 0 $ 297,000 $ 765,296 Special Assessments 0 0 0 0 Interest 236 11,147 3,186 24,213 TOTAL REVENUES 735,236 11,147 300,186 789,509 EXPENDITURES Debt Service: Principal Retirement 0 0 250,000 730,000 Interest&Fiscal Charges 737,042 9 56,455 37,805 TOTAL EXPENDITURES 737,042 9 306,455 767,805 EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES (1,806) 11,138 (6,269) 21,704 OTHER FINANCING SOURCES(USES) Operating Transfers In 0 0 0 0 Operating Transfers(Out) 0 0 0 0 TOTAL OTHER FINANCING SOURCES(USES) 0 0 0 0 r EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES (1,806) 11,138 (6,269) 21,704 FUND BALANCE JANUARY 1 10,611 203,066 52,683 603,317 r Residual Equity Transfers In 0 0 0 0 Residual Equity Transfers Out 0 (35,000) 0 0 FUND BALANCE DECEMBER 31 $ 8.805 $ 179.204 $ 46.414 $ 625.021 r r r r r r r r r 82 r CITY OF RENTON, WASHINGTON r>• DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES,AND CHANGES IN FUND BALANCES YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31, 1999 (PAGE 2 OF 2) GENERAL GOVERNMENT SPECIAL SPECIAL TOTALS MISCELLANEOUS 1989 UNLIMITED ASSESSMENT ASSESSMENT DEBT GO BONDS DEBT GUARANTY 2000 1999 $ 1,419,483 $ 510,197 $ 0 $ 0 $ 3,726,976 $ 3,583,955 0 0 377,858 0 377,858 669,885 28,730 15,609 123,706 11,373 218,200 224,512 1,448,213 525,806 501,564 11,373 4,323,034 4,478,352 No 826,025 315,000 360,000 0 2,481,025 2,674,976 138,011 191,215 44,744 0 1,205,281 1,342,740 to 964,036 506,215 404,744 0 3,686,306 4,017,716 484,177 19,591 96,820 11,373 636,728 460,636 to 77,650 0 0 0 77,650 399,501 0 0 (92,898) 0 (92,898) _ (200,000) 77,650 0 (92,898) 0 (15,248) 199,501 561,827 19,591 3,922 11,373 621,480 660,137 974,842 501,051 404,411 237,034 2,987,015 2,325,340 0 0 0 0 0 1,538 (820,000) 0 0 (100,000) (955,000) 0 $ 716.669 $ 520.642 $ 408.333 $_ 148.407 $ 2.653.495 $ 2.987.015 ' 83 CITY OF RENTON,WASHINGTON r DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 6) 1997 LIMITED GENERAL OBLIGATION BOND VARIANCE FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL REVENUES Taxes $ 735,000 $ 735,000 $ 0 $ 735,000 Special Assessments 0 0 0 0 Interest 765 236 (529) 0 TOTAL REVENUES 735,765 735,236 (529) 735,000 EXPENDITURES ' Debt Service: Principal Retirement 0 0 0 0 Interest&Fiscal Charges 738,765 737,042 1,723 735,169 TOTAL EXPENDITURES 738,765 737,042 1,723 735,169 EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES (3,000) (1,806) 1,194 (169) OTHER FINANCING SOURCES(USES) , Operating Transfers In 0 0 0 0 Operating Transfers(Out) 0 0 0 0 TOTAL OTHER FINANCING SOURCES(USES) 0 0 0 0 EXCESS(DEFICIENCY)OF REVENUES ' AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES (3,000) (1,806) 1,194 (169) FUND BALANCE JANUARY 1 10,611 10,611 0 10,780 Residual Equity Transfers In 0 0 0 0 Residual Equity Transfers(Out) 0 0 0 0 FUND BALANCE DECEMBER 31 $ 7.611 $ 8.805 $ 1.194 $ 10.61 1 r 84 CITY OF RENTON,WASHINGTON 1r DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES, w AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 2 OF 6) No 1978 LIMITED GENERAL OBLIGATION BOND 1989 LIMITED GENERAL OBLIGATION REFUNDING BOND VARIANCE VARIANCE FAVORABLE 1999 FAVORABLE 1999 IN BUDGET ACTUAL <UNFAVORABLE> ACTUAL BUDGET ACTUAL <UNFAVORABLE> ACTUAL $ 0 $ 0 $ 0 $ 0 $ 297,000 $ 297,000 $ 0 $ 290,000 in 0 0 0 0 0 0 0 0 200 11,149 10,949 4,318 1,500 3,185 1,685 0 200 11,149 10,949 4,318 298,500 300,185 1,685 290,000 0 0 0 0 250,000 250,000 0 235,000 200 9 191 3 56,500 56,453 47 65,392 200 9 191 3 306,500 306,453 47 300,392 0 11,140 11,140 4,315 (8,000) (6,268) 1,732 (10,392) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11,140 11,140 4,315 (8,000) (6,268) 1,732 (10,392) 203,064 203,064 0 198,749 52,682 52,682 0 63,074 0 0 0 0 0 0 0 0 (35,000) (35,000) 0 0 0 0 0 0 $ 168.064 $ 179.204 $_ 11.140 $ 203.064 $ 44.682 $ 46.414 $ 1.732 $ 68 rr r • w ow r 85 ow CITY OF RENTON,WASHINGTON DEBT SERVICE FUNDS , COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 3 OF 6) 1983 UNLIMITED GENERAL OBLIGATION REFUNDING BOND VARIANCE ' FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL REVENUES Taxes $ 765,000 $ 765,547 $ 547 $ 803,774 ' Special Assessments 0 0 0 0 Interest 7,500 24,212 16,712 14,496 TOTAL REVENUES 772,500 789,759 17,259 818,270 EXPENDITURES ' Debt Service: Principal Retirement 730,000 730,000 0 680,000 Interest&Fiscal Charges 42,500 37,806 4,694 78,367 TOTAL EXPENDITURES 772,500 767,806 4,694 758,367 ' EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES 0 21,953 21,953 59,903 OTHER FINANCING SOURCES(USES) Operating Transfers In 0 0 0 0 Operating Transfers(Out) 0 0 0 0 TOTAL OTHER FINANCING SOURCES(USES) 0 0 0 0 EXCESS(DEFICIENCY)OF REVENUES , AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 0 21,953 21,953 59,903 FUND BALANCE JANUARY 1 602,841 602,841 0 542,938 Residual Equity Transfers In 0 0 0 0 Residual Equity Transfers(Out) 0 0 0 0 FUND BALANCE DECEMBER 31 $ 602.841 $ 624.794 $ 21.953 $ 602.841 86 CITY OF RENTON,WASHINGTON to DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES, to AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 4 OF 6) r GENERAL GOVERNMENT MISCELLANEOUS DEBT 1989 UNLIMITED GENERAL OBLIGATION BOND VARIANCE VARIANCE FAVORABLE 1999 FAVORABLE 1999 M BUDGET ACTUAL <UNFAVORABLE> ACTUAL BUDGET ACTUAL <UNFAVORABLE> ACTUAL $ 868,900 $ 1,382,501 $ 513,601 $ 1,191,070 $ 510,000 $ 510,365 $ 365 $ 535,849 10 0 0 0 0 0 0 0 0 10,000 28,730 18,730 16,562 5,000 15,609 10,609 8,726 878,900 1,411,231 532,331 1,207,632 515,000 525,974 10,974 544,575 836,720 826,026 10,694 804,976 315,000 315,000 0 300,000 128,330 138,011 (9,681) 167,646 200,000 191,216 8,784 205,860 965,050 964,037 1,013 972,622 515,000 506,216 8,784 505,860 (86,150) 447,194 533,344 235,010 0 19,758 19,758 38,715 r 77,650 77,650 0 399,501 0 0 0 0 0 0 0 0 0 0 0 0 77,650 77,650 0 399,501 0 0 0 0 w (8,500) 524,844 533,344 634,511 0 19,758 19,758 38,715 884,882 884,882 0 250,371 500,733 500,733 0 462,018 r 0 0 0 0 0 0 0 0 (820,000) (820,000) 0 0 0 0 0 0 $ 56.382 $ 589.726 $ 533.344 $ 884.882 $ 500.733 $ 520.491 $ 19.758 $ 500.731 r r r r 'r r 87 r CITY OF RENTON,WASHINGTON ' DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 5 OF 6) SPECIAL ASSESSMENT DEBT SERVICE FUND VARIANCE ' FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL REVENUES Taxes $ 0 $ 0 $ 0 $ 0 ' Special Assessments 431,678 352,648 (79,030) 689,931 Interest 7,000 120,287 113,287 166,998 TOTAL REVENUES 438,678 472,935 34,257 856,929 EXPENDITURES , Debt Service: Principal Retirement 380,000 360,000 20,000 655,000 Interest&Fiscal Charges 62,678 44,744 17,934 90,303 TOTAL EXPENDITURES 442,678 404,744 37,934 745,303 EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES (4,000) 68,191 72,191 111,626 OTHER FINANCING SOURCES(USES) Operating Transfers In 0 0 0 0 Operating Transfers(out) (95,000) (92,898) 2,102 0 TOTAL OTHER FINANCING SOURCES(USES) (95,000) (92,898) 2,102 0 EXCESS(DEFICIENCY)OF REVENUES , AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES (99,000) (24,707) 74,293 111,626 FUND BALANCE JANUARY 1 399,426 399,426 0 286,262 ' Residual Equity Transfers In 0 0 0 1,538 Residual Equity Transfers(Out) 0 0 0 0 FUND BALANCE DECEMBER 31 $ 300.426 $ 374.719 $ 74.293 $ 399.426 88 , CITY OF RENTON,WASHINGTON a DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 6 OF 6) 40 SPECIAL ASSESSMENT GUARANTY FUND TOTALS VARIANCE VARIANCE FAVORABLE 1999 FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL BUDGET ACTUAL <UNFAVORABLE> ACTUAL $ 0 $ 0 $ 0 $ 0 $ 3,175,900 $ 3,690,413 $ 514,513 $ 3,555,693 0 0 0 0 431,678 352,648 (79,030) 689,931 9,500 8,624 (876) 17,342 41,465 212,032 170,567 228,442 9,500 8,624 (876) 17,342 3,649,043 4,255,093 606,050 4,474,066 0 0 0 0 2,511,720 2,481,026 30,694 2,674,976 0 0 0 0 1,228,973 1,205,281 23,692 1,342,740 0 0 0 0 3,740,693 3,686,307 54,386 4,017,716 9,500 8,624 (876) 17,342 (91,650) 568,786 660,436 456,350 0 0 0 0 77,650 77,650 0 399,501 0 0 0 (200,000) (95,000) (92,898) 2,102 (200,000) 0 0 0 (200,000) (17,350) (15,248) 2,102 199,501 9,500 8,624 (876) (182,658) (109,000) 553,538 662,538 655,851 237,035 237,035 0 419,693 2,891,274 2,891,274 0 2,233,885 0 0 0 0 0 0 0 1,538 (100,000) (100,000) 0 0 (955,000) (955,000) 0 0 $ 1_ 4 „6.535 $ 145.659 $ $ 1.827.274 $ ?.489.817 $_ !62.538 $ 9.891.974 1 89 ........................ ... .... . ...... CITY OF RENTON, WASHINGTON _ 1 r 1 r r r THIS PAGE INTENTIONALLY LEFT BLANK 1 1 1 r r r 1 r r r 90 r CapitalProject E ` vow , C 7 �.. � r CITY OF RENTON,WASHINGTON CAPITAL PROJECT FUNDS DECEMBER 31, 2000 - Capital Project Funds account for the acquisition or development of major capital facilities, except those projects financed by proprietary funds. Sources of revenue to these funds include general obligation bond proceeds, federal and state grants, general property taxes, interest earnings and transfers from other funds. City Hall Capital Improvement: Accounts for resources and expenditures related to the purchase and remodeling of the building at the corner of Main Avenue South and South Grady Way for the new Renton City Hall. Limited General Obligation Bonds were issued in 1997 and the building was purchased in May 1997. Community Development Impact Mitigation Fund: Created in 1999 to account for monies collected from developers to offset impacts created by their developments to City facilities. .. Fire Impact Mitigation Fund: Created in 1999 to account for monies collected from developers to offset impacts created by their developments to City facilities. Transportation Impact Mitigation Fund: Created in 1999 to account for monies collected from developers to offset impacts created by their developments to City facilities. Leased City Properties Fund: Created in 1999 to account for revenue and expenditures related to City property leased to outside entities. Municipal Facilities Construction Fund: Accounts for the acquisition and development of municipal facilities. Resources included general and special revenue taxes and Council-approved general obligation bonds. General Government Capital Improvement Fund: Accounts for revenues and expenditures for numerous capital improvement projects, to provide infrastructure necessary for controlled growth and to address general City needs. Primary resources include general tax revenues, business license fees, Federal and State grants, general obligation bond proceeds and transfers from various cumulative reserve funds. Special Assessment Construction Fund: This fund accounts for the construction phase of all Special Assessment local improvement districts (LID) located within the City. The primary resource for this activity is short-term debt or interfund loans that are repaid with permanent financing once the construction of the LID is complete. r r 91 CITY OF RENTON,WASHINGTON , CAPITAL PROJECT FUNDS , COMBINING BALANCE SHEET DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 2) ' CITY HALL COMMUNITY FIRE TRANSP CAPITAL DEV IMPACT IMPACT IMPACT IMPROVEMENT MITIGATION MITIGATION MITIGATION ' ASSETS: Cash and Cash Equivalents $ 0 $ 501,589 $ 521,291 $ 221,282 Investments at Fair Value 0 300,078 1,951,411 4,269,385 Receivables: Accounts 0 0 0 0 ' Interest on Investments 0 1,476 14,439 38,901 Due From Other Funds 0 0 0 0 Due From Other Governmental Units 0 0 0 0 Interfund Loans/Advances-Non-Current 0 0 0 0 TOTAL ASSETS $ 0 $ 803.143 $ 2.487.141 ' $ 4.529.568 LIABILITIES AND FUND EQUITY: LIABILITIES: Vouchers/Contracts Payable $ 0 $ 0 $ 0 $ 712 , Retainage Payable 0 0 0 0 Due To Other Funds 0 0 0 0 Accrued Taxes Payable 0 0 0 0 Interfund Loans/Advances-Non-Current 0 0 0 0 TOTAL LIABILITIES 0 0 0 712 , FUND EQUITY: Fund Balance: Unreserved-Undesignated 0 803,143 2,487,141 4,528,856 , TOTAL FUND EQUITY 0 803,143 2,487,141 4,528,856 TOTAL LIABILITIES AND FUND EQUITY $ 0 $ 80'1.143 $ 2.487.141 $ 4.5 9,568 92 ' CITY Of RENTON,WASHINGTON CAPITAL PROJECT FUNDS 1x11 COMBINING BALANCE SHEET DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 2 OF 2) LEASED MUNICIPAL SPECIAL COMPARATIVE TOTALS CITY FACILITIES CAPITAL ASSESSMENT PROPERTIES CONSTRUCTION IMPROVEMENT CONSTRUCTION 2000 1999 $ 227,253 $ 2,040,010 $ 3,320,327 $ 0 $ 6,831,752 $ 4,313,859 0 4,111,906 5,002,957 0 15,635,737 16,750,087 880 0 0 0 880 0 0 87,721 0 0 142,537 145,917 r 0 126,943 0 0 126,943 288,281 0 32,109 1,928,812 0 1,960,921 2,415,713 0 1,180,000 0 0 1,180,000 600,000 $ 228.133 $ 7.578.689 $ 10.252.096 $ 0 $ 25.878270 $ 24.513.857 $ 1,911 $ 232,024 $ 519,747 $ 0 $ 754,394 $ 1,897,006 10,223 19,081 284,290 0 313,594 295,147 r 0 0 32,945 0 32,945 37,884 27,016 80 0 0 27,096 1,229 1,180,000 0 0 0 1,180,000 600,000 1,219,150 251,185 836,982 0 2,308,029 2,831,266 (991,017) 7,327,504 9,415,114 0 23,570,741 21,682,591 (991,017) 7,327,504 9,415,114 0 23,570,741 21,682,591 i $ 228.133 $ 7.578,689 $ 10.252.096 $ 0 $ 25.878.770 $ 24.513.857 r r r r 93 i CITY OF RENTON,WASHINGTON , CAPITAL PROJECT FUNDS , COMBINING STATEMENT OF REVENUES,EXPENDITURES,AND CHANGES IN FUND BALANCES YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 2) ' CITY HALL COMMUNITY FIRE TRANSP CAPITAL DEV IMPACT IMPACT IMPACT IMPROVEMENT MITIGATION MITIGATION MITIGATION REVENUES , Taxes $ 0 $ 0 $ 0 $ 0 $ Licenses And Permits 0 0 0 0 Intergovernmental Revenues 0 0 0 0 ' Charges For Services 0 367,547 805,359 775,181 Contributions 0 0 0 0 Interest 0 32,290 165,628 298,994 Miscellaneous Revenues 0 0 0 0 TOTAL REVENUES 0 399,837 970,987 1,074,175 , EXPENDITURES Current: General Government 0 0 0 0 ' Transportation 0 0 0 0 Economic Environment 0 0 0 0 Capital Outlay 0 22,416 1,436,800 0 Debt Service: Interest&Fiscal Charges 0 0 0 0 , TOTAL EXPENDITURES 0 22,416 1,436,800 0 EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES 0 377,421 (465,813) 1,074,175 , OTHER FINANCING SOURCES(USES) Proceeds Of Long-Term Debt 0 0 0 0 Interfund Loan Repayments 0 0 0 0 Operating Transfers In 0 0 0 0 Operating Transfers(Out) 0 0 0 (1,006,360) , Sale Of General Fixed Assets 0 0 0 0 TOTAL OTHER FINANCING SOURCES(USES) 0 0 0 (1,006,360) EXCESS(DEFICIENCY)OF REVENUES ' AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 0 377,421 (465,813) 67,815 FUND BALANCE JANUARY 1 0 425,722 2,952,954 4,461,041 , Residual Equity Transfers In 0 0 0 0 Residual Equity Transfers Out 0 0 0 0 FUND BALANCE DECEMBER 31 $ 0 $ 803.143 $ 2.487.141 $ 4.528.856 $ 94 , CITY OF RENTON,WASHINGTON nr CAPITAL PROJECT FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES,AND CHANGES IN FUND BALANCES YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31, 1999 (PAGE 2 OF 2) LEASED MUNICIPAL SPECIAL TOTALS CITY FACILITIES CAPITAL ASSESSMENT PROPERTIES CONSTRUCTION IMPROVEMENT CONSTRUCTION 2000 1999 52,500 $ 1,444,083 $ 0 $ 0 $ 1,496,583 $ 1,473,926 0 0 1,927,599 0 1,927,599 2,047,940 0 180,722 2,980,731 0 3,161,453 2,781,636 0 0 74,763 0 2,022,850 1,674,610 USI 0 0 0 0 0 39,000 16,674 365,073 314,652 0 1,193,311 717,910 188,852 3,000 0 0 191,852 156,844 258,026 1,992,878 5,297,745 0 9,993,648 8,891,866 r 209,870 0 0 0 209,870 83,899 0 0 5,202,299 0 5,202,299 5,564,159 r 0 8,871 0 0 8,871 9,916 617,005 5,055,230 0 0 7,131,451 10,267,870 3,000 0 0 0 3,000 0 829,875 5,064,101 5,202,299 0 12,555,491 15,925,844 • (571,849) (3,071,223) 95,446 0 (2,561,843) (7,033,978) IrU 0 0 0 0 0 38,990 0 0 0 0 0 (148,000) 0 2,110,051 1,459,860 0 3,569,911 3,965,889 0 0 0 0 (1,006,360) (1,010,609) 100 931,342 0 0 931,442 891,565 100 3,041,393 1,459,860 0 3,494,993 3,737,835 r (571,749) (29,830) 1,555,306 0 933,150 (3,296,143) (419,268) 6,402,334 7,859,808 0 21,682,591 18,663,675 0 955,000 0 0 955,000 6,316,597 r 0 0 0 0 0 (1,538) (991.0171 $ 7.327.504 $ 9.415.114 $ 0 $ 23.570.741 $ 21.682.591 r rr 95 CITY OF RENTON, WASHINGTON CAPITAL PROJECTS FUNDS ' COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 ' (PAGE 1 OF 6) CITY HALL CAPITAL IMPROVEMENT VARIANCE ' FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL REVENUES ' Taxes $ 0 $ 0 $ 0 $ 0 Licenses And Permits 0 0 0 0 Intergovernmental Revenues 0 0 0 0 Charges For Services 0 0 0 0 Contributions 0 0 0 0 , Interest 0 0 0 94,786 Miscellaneous Revenues 0 0 0 0 TOTAL REVENUES 0 0 0 94,786 EXPENDITURES ' Current: General Government 0 0 0 0 Transportation 0 0 0 0 Economic Environment 0 0 0 0 ' Capital Outlay 0 0 0 2,921,058 TOTAL EXPENDITURES 0 0 0 2,921,058 EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES 0 0 0 (2,826,272) ' OTHER FINANCING SOURCES(USES) Proceeds Of Long-Term Debt 0 0 0 0 Interfund Loan Proceeds 0 0 0 0 ' Interfund Loan Repayments 0 0 0 0 Operating Transfers In 0 0 0 0 Operating Transfers(Out) 0 0 0 0 Sale Of General Fixed Assets 0 0 0 0 TOTAL OTHER FINANCING SOURCES(USES) 0 0 0 0 ' EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 0 0 0 (2,826,272) ' FUND BALANCE JANUARY 1 0 0 0 2,826,272 Residual Equity Transfers In 0 0 0 0 Residual Equity Transfers(Out) 0 0 0 0 FUND BALANCE DECEMBER 31 $ 0 $ 0 $ 0 $ 0 , 96 ' CITY OF RENTON,WASHINGTON rIr CAPITAL PROJECTS FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 2 OF 6) r COMMUNITY DEVELOPMENT IMPACT MITIGATION FIRE IMPACT MITIGATION VARIANCE VARIANCE FAVORABLE 1999 FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL BUDGET ACTUAL <UNFAVORABLE> ACTUAL $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100,000 367,547 267,547 223,648 450,000 805,358 355,358 595,118 0 0 0 0 0 0 0 0 21,000 27,563 6,563 31,422 45,000 155,099 110,099 124,997 0 0 0 0 0 0 0 0 121,000 395,110 274,110 255,070 495,000 960,457 465,457 720,115 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 121,000 22,416 98,584 195,907 1,550,000 1,436,825 113,175 689,222 m 121,000 22,416 98,584 195,907 1,550,000 1,436,825 113,175 689,222 0 372,694 372,694 59,163 (1,055,000) (476,368) 578,632 30,893 r� 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (200,000) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (200,000) 0 0 0 0 0 372,694 372,694 (140,837) (1,055,000) (476,368) 578,632 30,893 1� 428,895 428,895 0 0 2,947,659 2,947,659 0 0 0 0 0 569,732 0 0 0 2,916,766 0 0 0 0 0 0 0 0 $ 428.895 $ 801.589 $ 372.694 $ 428.895 $ 1.892.659 $ 2.471.291 $ 578.632 $ 2.947.659 r• 97 CITY Of RENTON,WASHINGTON ' CAPITAL PROJECTS FUNDS ' COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 ' (PAGE 3 OF 6) TRANSPORTATION IMPACT MITIGATION VARIANCE , FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL REVENUES ' Taxes $ 0 $ 0 $ 0 $ 0 Licenses And Permits 0 0 0 0 Intergovernmental Revenues 0 0 0 0 Charges For Services 500,000 775,180 275,180 855,407 Contributions 0 0 0 0 ' Interest 85,000 271,491 186,491 160,787 Miscellaneous Revenues 0 0 0 0 TOTAL REVENUES 585,000 1,046,671 461,671 1,016,194 EXPENDITURES ' Current: General Government 0 0 0 0 Transportation 0 C 0 0 Economic Environment 0 0 0 0 ' Capital Outlay 0 0 0 140,107 TOTAL EXPENDITURES 0 0 0 140,107 EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES 585,000 1,046,671 461,671 876,087 , OTHER FINANCING SOURCES(USES) Proceeds Of Long-Term Debt 0 0 0 0 Interfund Loan Proceeds 0 0 0 0 ' Interfund Loan Repayments 0 0 0 0 Operating Transfers In 0 0 0 767,341 Operating Transfers(Out) (1,006,360) (1,006,360) 0 (43,268) Sale Of General Fixed Assets 0 0 0 0 TOTAL OTHER FINANCING SOURCES(USES) (1,006,360) (1,006,360) 0 724,073 ' EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES (421,360) 40,311 461,671 1,600,160 , FUND BALANCE JANUARY 1 4,430,259 4,430,259 0 0 Residual Equity Transfers In 0 0 0 2,830,099 Residual Equity Transfers(Out) 0 0 0 0 FUND BALANCE DECEMBER 31 $ 4A08.899 $ 4,470,570 $ 461.671 $ 4.430.259 ' 98 , CITY Of RENTON,WASHINGTON CAPITAL PROJECTS FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 4 OF 6) r LEASED CITY PROPERTIES MUNICIPAL FACILITIES CONSTRUCTION VARIANCE VARIANCE FAVORABLE 1999 FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL BUDGET ACTUAL <UNFAVORABLE> ACTUAL $ 52,500 $ 52,500 $ 0 $ 70,000 $ 937,500 $ 1,407,100 $ 469,600 $ 1,375,468 0 0 0 0 0 0 0 0 0 0 0 0 72,000 515,053 443,053 0 0 0 0 0 0 0 0 0 0 0 0 0 729,000 0 (729,000) 39,000 0 16,675 16,675 0 200,000 308,090 108,090 350,318 • 320,000 188,042 (131,958) 35,888 0 0 0 120,956 372,500 257,217 (115,283) 105,888 1,938,500 2,230,243 291,743 1,885,742 rl 333,472 209,870 123,602 83,900 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 50,000 8,871 41,129 9,916 1,219,028 617,005 602,023 441,257 10,215,960 5,059,270 5,156,690 5,882,181 1,552,500 826,875 725,625 525,157 10,265,960 5,068,141 5,197,819 5,892,097 (1,180,000) (569,658) 610,342 (419,269) (8,327,460) (2,837,898) 5,489,562 (4,006,355) 0 0 0 0 0 0 0 0 1,000,000 700,000 (300,000) 300,000 300,000 123,000 (177,000) 0 0 (123,000) (123,000) 0 (700,000) (700,000) 0 (300,000) ft 0 0 0 300,000 2,110,051 2,110,051 0 2,447,100 0 0 0 0 0 0 0 (300,000) 0 100 100 0 355,000 931,343 576,343 528,283 1,000,000 577,100 (422,900) 600,000 2,065,051 2,464,394 399,343 2,375,383 (180,000) 7,442 187,442 180,731 (6,262,409) (373,504) 5,888,905 (1,630,972) 180,731 180,731 0 0 5,307,409 5,307,409 0 6,938,381 0 0 0 0 955,000 955,000 0 0 0 0 0 0 0 0 0 0 $ 731 $ 188.173 $ 187.442 $ 180.731 $ 0 $ 5.888.905 $ 5.888.905 $ 5.307.409 r r +rlr r 99 wr CITY OF RENTON, WASHINGTON ' CAPITAL PROJECTS FUNDS ' COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 ' (PAGE 5 OF 6) CAPITAL IMPROVEMENTS VARIANCE ' FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL REVENUES , Taxes $ 0 $ 0 $ 0 $ 0 Licenses And Permits 1,872,000 1,927,599 55,599 2,047,940 Intergovernmental Revenues 2,797,486 2,936,753 139,267 1,823,170 Charges For Services 0 30,778 30,778 439 Contributions 0 0 0 0 ' Interest 0 0 0 0 Miscellaneous Revenues 0 0 0 0 TOTAL REVENUES 4,669,486 4,895,130 225,644 3,871,549 EXPENDITURES ' Current: General Government 0 0 0 0 Transportation 14,597,500 5,207,795 9,389,705 5,572,157 Economic Environment 0 0 0 0 ' Capital Outlay 0 0 0 0 TOTAL EXPENDITURES 14,597,500 5,207,795 9,389,705 5,572,157 EXCESS(DEFICIENCY)OF REVENUES , OVER EXPENDITURES (9,928,014) (312,665) 9,615,349 (1,700,608) OTHER FINANCING SOURCES(USES) Proceeds Of Long-Term Debt 0 0 0 0 Interfund Loan Proceeds 0 0 0 0 , Interfund Loan Repayments 0 0 0 0 Operating Transfers In 1,459,860 1,506,797 46,937 751,691 Operating Transfers(Out) 0 0 0 (767,341) Sale Of General Fixed Assets 0 363,282 363,282 0 TOTAL OTHER FINANCING SOURCES(USES) 1,459,860 1,870,079 410,219 (15,650) ' EXCESS(DEFICIENCY)OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES (8,468,154) 1,557,414 10,025,568 (1,716,258) ' FUND BALANCE JANUARY 1 5,668,159 5,668,159 0 7,384,417 Residual Equity Transfers In 0 0 0 0 Residual Equity Transfers(Out) 0 0 0 0 FUND BALANCE DECEMBER 31 $ 12.799.9951 $ 7.225.573 $ 10.025.568 $ 5.668.159 ' 100 , CITY OF RENTON, WASHINGTON CAPITAL PROJECTS FUNDS - COMBINING STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCE,BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 6 OF 6) 40 SPECIAL ASSESSMENT CONSTRUCTION FUND TOTALS VARIANCE VARIANCE FAVORABLE 1999 FAVORABLE 1999 BUDGET ACTUAL <UNFAVORABLE> ACTUAL BUDGET ACTUAL <UNFAVORABLE> ACTUAL $ 0 $ 0 $ 0 $ 0 $ 990,000 $ 1,459,600 $ 469,600 $ 1,445,468 0 0 0 0 1,872,000 1,927,599 55,599 2,047,940 0 0 0 0 2,869,486 3,451,806 582,320 1,823,170 0 0 0 0 1,050,000 1,978,863 928,863 1,674,612 0 0 0 0 729,000 0 (729,000) 39,000 0 0 0 2,019 351,000 778,918 427,918 764,329 0 0 0 0 320,000 188,042 (131,958) 156,844 0 0 0 2,019 8,181,486 9,784,828 1,603,342 7,951,363 0 0 0 0 333,472 209,870 123,602 83,900 0 0 0 0 14,597,500 5,207,795 9,389,705 5,572,157 0 0 0 0 50,000 8,871 41,129 9,916 0 0 0 7,916 13,105,988 7,135,516 5,970,472 10,277,648 r 0 0 0 7,916 28,086,960 12,562,052 15,524,908 15,943,621 0 0 0 (5,897) (19,905,474) (2,777,224) 17,128,250 (7,992,258) 0 0 0 38,990 0 0 0 38,990 0 0 0 0 1,300,000 823,000 (477,000) 300,000 0 0 0 (148,000) (700,000) (823,000) (123,000) (448,000) so 0 0 0 0 3,569,911 3,616,848 46,937 4,266,132 0 0 0 0 (1,006,360) (1,006,360) 0 (1,310,609) 0 0 0 0 355,000 1,294,725 939,725 528,283 0 0 0 (109,010) 3,518,551 3,905,213 386,662 3,374,796 0 0 0 (114,907) (16,386,923) 1,127,989 17,514,912 (4,617,462) r 0 0 0 116,445 18,963,1 12 18,963,112 0 17,265,515 0 0 0 0 955,000 955,000 0 6,316,597 0 0 0 (1,538) 0 0 0 (1,538) $ 0 $ 0 $ 0 $ 0 $ 3.531.189 $ 21.046.101 $ 17.514.912 $ 18.963.112 i r 101 CITY OF RENTON, WASHINGTON 1 i 1 1 1 THIS PAGE INTENTIONALLY LEFT BLANK 1 1 i 1 1 1 i 1 1 1 i 102 1 .� �. <d.a \ - - � Enterprise Fund CITY OF RENTON, WASHINGTON ENTERPRISE FUNDS DECEMBER 31, 2000 Enterprise funds are established for government activities that are financed and operate in a manner similar to private business. Costs of providing services to the general public are primarily financed by users fees. Waterworks Utility Fund: Accounts for the operation and capital improvement programs for the water, wastewater (sewer) and surface water (storm drainage services) within the City. Activities which are primarily supported by user fees include: administration, billings and collections, debt service, engineering and operation, maintenance and repairs. The primary resources for the capital improvement programs are revenue bond proceeds, grants as available and utility collection charges. Airport Fund: Provides accounting for revenues and expenses which provide administration, debt service, operation, capital improvements and maintenance of the Renton Municipal Airport and Will Rogers-Wily Post Memorial Seaplane Base. Sources of support to the fund are leases, fuel charges, investment interest and grant funding as available. Solid Waste Utility Fund: Solid waste, recycling and yard waste collection services for the City are accounted in this fund, supported entirely by service fees. Expenses include payment to the City's garbage contractor and other service charges. Golf Course Fund: The City acquired the Maplewood Golf Course in 1985 and this fund was created to account for the operation, maintenance, debt service and capital improvements of this municipal facility. 103 CITY OF RENTON, WASHINGTON ENTERPRISE FUNDS ' COMBINING BALANCE SHEET DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 2) , WATERWORKS AIRPORT SOLID WASTE UTILITY UTILITY ASSETS: ' Current Assets: Cash and Cash Equivalents $ 3,398,314 $ 1,890,094 $ 488,383 Investments at Fair Value 1,869,583 1,613,137 250,158 Receivables: ' Accounts 3,378,561 10,695 630,661 Interest on Investments 51,256 31,633 178 Notes Receivable-Current 0 0 0 Due From Other Funds 87 0 0 Due From Other Governmental Units 325,882 17,997 72,515 ' Inventory of Material and Supplies 285,675 0 0 Prepaid Items 1 0 0 0 Total Current Assets 9,309,358 3,563,556 1,441,895 Restricted Assets: , Deposits 32,329 0 0 Revenue Bond Debt Service 4,549,957 0 0 Construction Account 1,260,390 0 0 Total Restricted Assets 5,842,676 0 0 Note Receivable-Non-Current 0 0 0 , Property,Plant and Equipment: Fixed Assets(Net) 141,633,037 3,662,044 77,342 Construction In Progress 4,064,141 1,054,723 0 Total Property,Plant and Equipment 145,697,178 4,716,767 77,342 , Deferred Charges and Other Assets 48,000 0 0 TOTAL ASSETS $ 160.897.212 $ 8.280.323 $ 1.519.237 LIABILITIES AND FUND EQUITY: LIABILITIES: Current Liabilities: Vouchers/Contracts Payable $ 994,410 $ 7,039 $ 266,280 Retainage Payable 85,256 0 0 Due To Other Funds 1,904 0 0 Due To Other Governmental Units 706,124 0 0 ' Accrued Interest Payable 241,176 0 1,098 Accrued Wages Payable 22,837 1,437 304 Accrued Employee Benefits Payable 2,814 177 37 Accrued Taxes Payable 44,272 18,276 31,739 , Deferred Revenues 122,573 48,942 0 Capital Leases Payable-Current 0 0 0 Total Current Liabilities 2,221,366 75,871 299,458 Liabilities Payable from Restricted Assets: Deposits Payable 32,329 0 0 Revenue Bonds Payable-Current Portion 1,730,000 0 0 Total Liabilities Payable from Restricted Assets 1,762,329 0 0 Long Term Liabilities: Revenue Bonds Payable 18,740,000 0 0 ' Unamortized Discounts on Revenue Bond (860,629) 0 0 Accrued Employee Leave Benefits 301,222 35,086 2,651 Capital Leases Payable 0 0 0 Installment Purchase Contracts 0 0 0 Public Works Trust Fund Loan Payable 8,009,825 0 0 ' Total Long Term Liabilities 26,190,418 35,086 2,651 TOTAL LIABILITIES 30,174,113 110,957 302,109 FUND EQUITY: ' Contributed Capital 104,721,467 2,062,520 166,166 Retained Earnings: Reserved 10,480,730 0 0 Unreserved 15,520,902 6,106,846 1,050,962 TOTAL FUND EQUITY 130,723,099 8,169,366 1,217,128 TOTAL LIABILITIES AND FUND EQUITY $ 160.897.212 $ 8,280.323 $ 1.519.237 104 CITY 01= RENTON,WASHINGTON r ENTERPRISE FUNDS COMBINING BALANCE SHEET DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 2 OF 2) r COMPARATIVE TOTALS GOLF COURSE 2000 1999 $ 553,755 $ 6,330,546 $ 4,174,068 347,435 4,080,313 5,480,735 28,602 4,048,519 3,137,751 2,033 85,100 60,007 23,472 23,472 21,673 0 87 736 0 416,394 866,849 103,388 389,063 638,362 0 0 20,000 1,058,685 15,373,494 14,400,181 0 32,329 33,599 441,358 4,991,315 5,300,612 0 1,260,390 1,589,322 441,358 6,284,034 6,923,533 21,041 21,041 44,514 9,075,762 154,448,185 142,955,948 889 5,119,753 9,317,439 9,076,651 159,567,938 152,273,387 0 48,000 64,000 $ 10.597.735 $ 181.294.507 $ 173.705.615 m $ 16,171 $ 1,283,900 $ 1,649,719 0 85,256 130,401 0 1,904 45,691 0 706,124 650,655 18,279 260,553 293,296 2,792 27,370 30,483 344 3,372 3,734 8,530 102,817 101,694 0 171,515 365,901 r 40,954 40,954 17,583 87,070 2,683,765 3,289,157 128,240 160,569 141,285 220,000 1,950,000 1,840,000 348,240 2,110,569 1,981,285 4,330,000 23,070,000 25,020,000 (551,847) (1,412,476) (1,497,331) m 48,078 387,037 395,854 45,656 45,656 24,693 0 0 70,160 0 8,009,825 8,440,182 3,871,887 30,100,042 32,453,558 r 4,307,197 34,894,376 37,724,000 1,412,225 108,362,378 102,017,808 441,358 10,922,088 10,335,911 4,436,955 27,115,665 23,627,896 6,290,538 146,400,131 135,981,615 $ 10.597.735 $ 181.294.507 $ 173.705.615 105 CITY OF RENTON, WASHINGTON r ENTERPRISE FUNDS ' COMBINING STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN FUND EQUITY FOR THE YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 2) ' WATERWORKS SOLID WASTE UTILITY AIRPORT UTILITY OPERATING REVENUES: ' Charges for Services $ 21,724,688 $ 646,886 $ 8,075,863 Other Operating Revenue 1,411,401 7,774 660 TOTAL OPERATING REVENUE 23,136,089 654,660 8,076,523 ' OPERATING EXPENSES: Operations and Maintenance 12,020,228 356,972 7,352,479 Administrative and General 1,826,630 120,315 0 Insurance 0 20,000 0 ' Taxes 1,806,916 0 1,113,970 Depreciation 3,217,984 256,399 31,878 TOTAL OPERATING EXPENSES 18,871,758 753,686 8,498,327 OPERATING INCOME(LOSS) 4,264,331 (99,026) NON-OPERATING REVENUE(EXPENSE): Interest Revenue 546,422 248,613 43,174 Other Non-operating Revenue 79,599 0 115,181 , Interest Expense (1,244,246) 0 0 Amortization of Debt Discount and Expense (80,472) 0 0 NON-OPERATING REVENUE NET OF EXPENSES (698,697) 248,613 158,355 INCOME(LOSS)BEFORE OPERATING TRANSFERS 3,565,634 149,587 (263,449) ' Operating Transfers In(Out) 15,248 0 0 NET INCOME(LOSS) 3,580,882 149,587 (263,449) Depreciation Reducing Grant Contributed Capital 0 171,356 0 ' INCREASE(DECREASE)IN RETAINED EARNINGS 3,580,882 320,943 (263,449) RETAINED EARNINGS,JANUARY 1 22,420,750 5,785,903 1,314,411 Residual Equity Transfers In(Out) 0 0 0 ' RETAINED EARNINGS,DECEMBER 31 26,001,632 6,106,846 1,050,962 CONTRIBUTED CAPITAL,JANUARY 1 98,339,131 2,100,286 166,166 Capital Grants (5,503) 133,590 0 ' Amortization on Capital Grants 0 (171,356) 0 Other Contributed Capital 6,387,839 0 0 CONTRIBUTED CAPITAL,DECEMBER 31 104,721,467 2,062,520 166,166 FUND EQUITY,DECEMBER 31 $ 130,723.099 $ 8.169,366 $ 1.217.128 ' 1 106 ' CITY OF RENTON, WASHINGTON ENTERPRISE FUNDS COMBINING STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN FUND EQUITY FOR THE YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 2 OF 2) r TOTALS GOLF COURSE 2000 1999 $ 2,040,738 $ 32,488,175 $ 30,952,308 197,466 1,617,301 1,504,232 2,238,204 34,105,476 32,456,540 1,311,386 21,041,065 21,675,325 0 1,946,945 1,857,490 0 20,000 12,200 9,295 2,930,181 2,805,983 334,016 3,840,277 3,594,753 1,654,697 29,778,468 29,945,751 583,507 4,327,008 2,510,789 89,840 928,049 478,871 0 194,780 178,308 (237,777) (1,482,023) (1,460,295) 0 (80,472) (87,839) (147,937) (439,666) (890,955) 435,570 3,887,342 1,619,834 0 15,248 (343,611) 435,570 3,902,590 1,276,223 0 171,356 155,212 435,570 4,073,946 1,431,435 4,442,743 33,963,807 32,532,372 0 0 0 4,878,313 38,037,753 33,963,807 1,412,225 102,017,808 93,636,376 0 128,087 2,729,352 0 (171,356) (155,212) 0 6,387,839 5,807,292 1,412,225 108,362,378 102,017,808 $ 6.290.538 $ 146.400.131 $ 135.981.615 107 �r CITY OF RENTON,WASHINGTON r ENTERPRISE FUNDS COMBINING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31,2000 r WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 4) ' SOLID WASTE WATERWORKS AIRPORT UTILITY CASH FLOWS FROM OPERATING ACTIVITIES: ' Cash Received From Customers $ 19,452,681 $ 652,695 $ 8,848,049 Cash Received From Other Funds for Services 407,330 0 0 Cash Paid to Suppliers for Goods and Services (7,824,171) (257,401) (7,917,122) ' Cash Paid to Other Funds for Goods and Services (3,096,356) (61,827) (283,832) Cash Paid to Employees (2,844,595) (192,480) (127,924) Cash Paid for City Utility Taxes (1,271,201) 0 (517,418) Other Operating Receipts 1,411,401 7,774 660 Other Non-Operating Receipts 79,599 0 168,994 ' NET CASH PROVIDED(USED)BY OPERATING ACTIVITIES 6,314,688 148,761 171,407 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Operating Transfers From Other Funds 92,898 0 0 Operating Transfers To Other Funds (77,650) 0 0 ' NET CASH PROVIDED(USED)BY NONCAPITAL FINANCING ACTIVITIES 15,248 0 0 CASH FLOWS FROM CAPITAL FINANCING ACTIVITIES: Payments on Bond Issuance and Registration Fees 0 0 0 Proceeds From Sale of Equipment 0 0 0 Acquisition and Construction of Capital Assets (10,407,494) (151,954) (27,574) Capital Contributions 6,387,839 0 0 dd Capital Grants (5,503) 115,593 0 Principal Payments on Bonds (1,630,000) 0 0 Interest Payments on Bonds (1,276,333) 0 0 ' Payments on State Long-Term Loans (445,048) 0 0 NET CASH PROVIDED(USED)BY CAPITAL FINANCING ACTIVITIES (7,376,539) (36,361) (27,574) CASH FLOWS FROM INVESTING ACTIVITIES: ' Proceeds From Sale of Investments 800,000 1,500,000 250,000 Payments for Investments (518,870) (627,538) (251,193) Interest on Investments 521,015 245,842 44,375 NET CASH PROVIDED(USED)BY INVESTING ACTIVITIES 802,145 1,118,304 43,182 NET INCREASE(DECREASE)IN CASH AND CASH EQUIVALENTS (244,458) 1,230,704 187,015 ' CASH AND CASH EQUIVALENTS,JANUARY 1 9,485,448 659,390 301,368 CASH AND CASH EQUIVALENTS,DECEMBER 31 $ 9.240.990 $ 1.890.094 $ 488.383 CASH AT THE END OF THE YEAR CONSISTS OF: Cash and Cash Equivalents $ 3,398,314 $ 1,890,094 $ 488,383 ' Cash Restricted for: Deposits 32,329 0 0 Revenue Bond Debt Service 4,549,957 0 0 Construction Account 1,260,390 0 0 ' TOTAL CASH AT THE END OF THE YEAR $ 9.240.990 $ 1.890.094 $ 488.383 108 ' CITY OF RENTON,WASHINGTON ENTERPRISE FUNDS COMBINING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 2 OF 4) �1 TOTALS GOLF COURSE 2000 1999 $ 2,056,573 $ 31,009,998 $ 30,486,397 0 407,330 396,901 (420,628) (16,419,322) (16,880,477) (216,475) (3,658,490) (3,482,358) (687,117) (3,852,116) (3,655,195) 0 (1,788,619) (1,697,514) 197,466 1,617,301 1,504,232 0 248,593 147,982 929,819 7,564,675 6,819,968 i 0 92,898 (343,611) 0 (77,650) 0 0 15,248 (343,611) 0 0 3,131 21,674 21,674 21,609 (547,806) (11,134,828) (8,528,961) 0 6,387,839 4,233,901 0 110,090 4,136,577 (165,666) (1,795,666) (3,203,349) (234,049) (1,510,382) (1,964,772) 0 (445,048) (283,696) (925,847) (8,366,321) (5,585,560) 600,000 3,150,000 2,647,540 (351,978) (1,749,579) (4,384,349) 91,724 902,956 457,060 339,746 2,303,377 (1,279,749) 343,718 1,516,979 f388,952) 651,395 11,097,601 11,486,553 $ 995.113 $ 12614.580 $ 11.097.601 $ 553,755 $ 6,330,546 $ 4,174,068 ■/ 0 32,329 33,599 441,358 4,991,315 5,300,612 0 1,260,390 1,589,322 $ 995.113 $ 17.614.580 $ 11.097.601 i 109 CITY OF RENTON,WASHINGTON ' ENTERPRISE FUNDS ' COMBINING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31,2000 ' WITH COMPARATIVE TOTALS FOR DECEMBER 31, 1999 (PAGE 3 OF 4) SOLID WASTE , WATERWORKS AIRPORT UTILITY RECONCILIATION OF OPERATING INCOME(LOSS)TO NET CASH PROVIDED(USED)BY OPERATING ACTIVITIES: ' Operating Income(Loss) $ 4,264,331 $ (99,026) $ (421,804) Adjustments to Reconcile Operating Income(Loss) to Net Cash Provided(Used)By Operating Activities: Depreciation and Amortization of Deferred Charge 3,233,984 256,399 31,878 Other Non-Operating Revenue 79,599 0 115,181 , (Increase)Decrease in Accounts Receivable (1,662,584) 2,405 750,429 (Increase)Decrease in Due From Other Funds/Governmental 415,288 0 53,813 (Increase)Decrease in Inventory/Prepaid Items 255,633 20,000 0 Increase(Decrease)in Vouchers/Retainage Payable (38,036) (13,936) (354,902) Increase(Decrease)in Due to Other Funds/Govemmental (23,787) (20,000) 0 ' Increase(Decrease)in Payables/Other Short Term Liabilities 2,173 (3,377) (1,823) Increase(Decrease)in Customer Deposits (1,270) 0 0 Increase(Decrease)in Deferred Revenues (198,843) 6,295 0 Increase(Decrease)in Accrued Employee Leave Benefits 11 1,800) 1 (1,365) ' Total Adjustments 2,050,357 247,787 593,211 NET CASH PROVIDED(USED)BY OPERATING ACTIVITIES $ 6.314.688 $ 148.761 $ 171.407 SCHEDULE OF NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES: Fixed Assets Contributed By Developers $ 4,558,340 $ 0 $ 0 ' Change in Fair Value of Investments 50,745 40,676 1,350 TOTAL NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES $ 4.609.085 $ 40.676 $ 1.3.50 1 110 ' CITY OF RENTON,WASHINGTON r ENTERPRISE FUNDS COMBINING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31, 1999 r (PAGE 4 OF 4) TOTALS GOLF COURSE 2000 1999 ■11 $ 583,507 $ 4,327,008 $ 2,510,789 r 334,016 3,856,277 3,610,753 0 194,780 178,308 (1,018) (910,768) (391,104) r 0 469,101 (228,026) (6,334) 269,299 (123,633) (4,090) (410,964) 839,641 0 (43,787) 24,976 675 (2,352) 8,933 i 20,554 19,284 35,537 (1,838) (194,366) 286,838 4,347 (8,817) 66,956 346,312 3,237,667 4,309,179 $ 929.819 $ 7.564.675 $ 6.819.968 r $ 0 $ 4,558,340 $ 1,936,868 5,436 98,207 0 r $ 5.436 $ 4.656.547 $ 1.936.868 r r r r r r i r r 111 r CITY OF RENTON, WASHINGTON ' THIS PAGE INTENTIONALLY LEFT BLANK , 1 t 112 , Internal Service Funds n�'L' CITY OF RENTON, WASHINGTON INTERNAL SERVICE FUNDS DECEMBER 31, 2000 Internal service funds are used to account for the financing of goods and services provided by one department or agency to other departments or agencies of the City. Equipment Rental Fund: Accounts for the costs of maintaining and replacing all City vehicles and auxiliary equipment except for fire apparatus and replacement of police patrol vehicles. All equipment costs, including depreciation, are factors in calculating the rates which are charged to each user department. Insurance Fund: Provides accounting for self-insurance services to all City departments, including provision for losses on property, liability, worker's compensation, unemployment compensation and a health care program. Expenses are paid by the Insurance Fund and rates are charged to departments based on use and/or coverage requirements. 113 CITY Of RENTON, WASHINGTON INTERNAL SERVICE FUNDS , COMBINING BALANCE SHEET DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 1) COMPARATIVE TOTALS EQUIPMENT RENTAL INSURANCE 2000 1999 ASSETS: ' Current Assets: Cash and Cash Equivalents $ 1,622,431 $ 676,522 $ 2,298,953 $ 1,574,475 Investments at Fair Value 897,597 4,089,602 4,987,199 4,297,178 Receivables ' Accounts 7,785 0 7,785 5,652 Interest on Investments 160,812 81,341 242,153 132,802 Due From Other Funds 0 0 0 20,000 Due From Other Governmental Units 876 0 876 31,746 Inventory of Material and Supplies 101,480 0 101,480 83,353 ' Prepaid Items 0 3,000 3,000 3,156 Total Current Assets 2,790,981 4,850,465 7,641,446 6,148,362 Property,Plant and Equipment: Fixed Assets(Net) 4,820,494 75,176 4,895,670 4,739,081 ' Total Property,Plant and Equipment 4,820,494 75,176 4,895,670 4,739,081 TOTAL ASSETS $ 7.61 1.475 $ 4.925.641 $ 12.537,1 16 $ 10.887.44 i LIABILITIES AND FUND EQUITY: LIABILITIES: ' Current Liabilities: Vouchers/Contracts Payable $ 84,944 $ 60,554 $ 145,498 $ 320,499 Accrued Wages Payable 2,337 115 2,452 3,307 Accrued Employee Benefits Payable 288 14 302 405 Accrued Taxes Payable 361 0 361 267 ' Deposits Payable 0 3,462 3,462 38,146 Total Current Liabilities 87,930 64,145 152,075 362,624 Long Term Liabilities: Accrued Employee Leave Benefits 27,443 5,770 33,213 45,022 , Claims Incurred But Not Reported 0 1,761,964 1,761,964 2,184,914 Total Long Term Liabilities 27,443 1,767,734 1,795,177 2,229,936 TOTAL LIABILITIES 115,373 1,831,879 1,947,252 2,592,560 FUND EQUITY: ' Contributed Capital 2,282,377 0 2,282,377 2,282,377 Retained Earnings: Unreserved 5,213,725 3,093,762 8,307,487 6,012,506 TOTAL FUND EQUITY 7,496,102 3,093,762 10,589,864 8,294,883 ' TOTAL LIABILITIES AND FUND EQUITY $ 7.611.475 $ 4.925.641 $ 12.537.1 16 $ 10.887.443 114 CITY Of RENTON, WASHINGTON INTERNAL SERVICE FUNDS COMBINING STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN FUND EQUITY r FOR THE YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 1) TOTALS EQUIPMENT RENTAL INSURANCE 2000 1999 OPERATING REVENUES: i Charges for Services 9 $ 2,891,885 $ 6,468,358 $ 9,360,243 $ 7,986,749 Taxes 75,000 0 75,000 0 Other Operating Revenue 0 0 0 14,211 TOTAL OPERATING REVENUE 2,966,885 6,468,358 9,435,243 8,000,960 OPERATING EXPENSES: Operations and Maintenance 1,189,306 110,398 1,299,704 1,304,611 Benefit Payments 0 4,464,119 4,464,119 4,984,700 Professional Services 0 349,043 349,043 369,134 Administrative and General 297,327 180,265 477,592 469,882 Insurance 0 398,964 398,964 432,916 Depreciation 827,906 6,215 834,121 599,956 TOTAL OPERATING EXPENSES 2,314,539 5,509,004 7,823,543 8,161,199 OPERATING INCOME(LOSS) 652,346 959,354 1,611,700 (160,239) NON-OPERATING REVENUE(EXPENSE): Interest Revenue 282,949 289,146 572,095 228,509 Gain(Loss)on Sale of Assets 142,782 0 142,782 71,711 Other Non-operating Revenue(Expense) 0 (31,596) (31,596) 259,506 NON-OPERATING REVENUE NET OF EXPENSES 425,731 257,550 683,281 559,726 INCOME(LOSS)BEFORE OPERATING TRANSFERS 1,078,077 1,216,904 2,294,981 399,487 Operating Transfers In(Out) 0 0 0 0 NET INCOME(LOSS) 1,078,077 1,216,904 2,294,981 399,487 RETAINED EARNINGS,JANUARY 1 4,135,648 1,876,858 6,012,506 5,613,019 Residual Equity Transfers In(Out) 0 0 0 0 RETAINED EARNINGS,DECEMBER 31 5,213,725 3,093,762 8,307,487 6,012,506 CONTRIBUTED CAPITAL,JANUARY 1 2,282,377 0 2,282,377 1,054,934 Other Contributed Capital 0 0 0 1,227,443 CONTRIBUTED CAPITAL,DECEMBER 31 2,282,377 0 2,282,377 2,282,377 FUND EQUITY,DECEMBER 31 $ 7.496,10? $ 3.093.762 $ 10.589.864 $ 8.294.883 it 115 CITY OF RENTON, WASHINGTON ' INTERNAL SERVICE FUNDS t COMBINING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31, 1999 (PAGE 1 OF 1) ' TOTALS EQUIPMENT RENTAL INSURANCE 2000 1999 CASH FLOWS FROM OPERATING ACTIVITIES: 1 Cash Received From Other funds for Goods and Services $ 2,884,688 $ 6,458,832 $ 9,343,520 $ 8,017,421 Cash Paid to Suppliers for Goods and Services (950,830) (5,673,609) (6,624,439) (6,883,769) Cash Paid to Other Funds for Goods and Services (296,583) (185,317) (481,900) (471,654) ' Cash Paid to Employees (414,691) (97,081) (511,772) (511,926) Other Operating Receipts 75,000 0 75,000 14,211 Other Non-Operating Receipts (876) 150 (726) 344,977 NET CASH PROVIDED(USED)BY OPERATING ACTIVITIES 1,296,708 502,975 1,799,683 509,260 ' CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: NET CASH PROVIDED(USED)BY NONCAPITAL FINANCING ACTIVITIES 0 0 0 0 CASH FLOWS FROM CAPITAL FINANCING ACTIVITIES: ' Proceeds From Sale of Equipment 142,782 0 142,782 71,711 Acquisition and Construction of Capital Assets (990,710) 0 (990,710) (2,306,231) Interest Payments on Bonds 0 0 0 (871) NET CASH PROVIDED(USED)BY CAPITAL FINANCING ACTIVITIES (847,928) 0 (847,928) (2,235,391) CASH FLOWS FROM INVESTING ACTIVITIES: ' Proceeds From Sale of Investments 1,150,000 100,000 1,250,000 3,751,656 Payments for Investments (652,387) (1,287,634) (1,940,021) (3,087,703) Interest on Investments 202,616 260,128 462,744 180,523 ' NET CASH PROVIDED(USED)BY INVESTING ACTIVITIES 700,229 (927,506) (227,277) 844,476 NET INCREASE(DECREASE)IN CASH AND CASH EQUIVALENTS 1,149,009 (424,531) 724,478 (881,655) CASH AND CASH EQUIVALENTS,JANUARY 1 473,422 1,101,053 1,574,475 2,456,130 CASH AND CASH EQUIVALENTS,DECEMBER 31 $ 1.622431 $ ----6ZL522- $ 2.298.953 $ 1.574.475 CASH AT THE END OF THE YEAR CONSISTS OF: ' Cash and Cash Equivalents $ 1,622,431 $ 676,522 $ 21298,953 $ 1,574,475 TOTAL CASH AT THE END OF THE YEAR $ 1.622.431 $ 676522 $ 2.298.953 $ 1.574.475 RECONCILIATION OF OPERATING INCOME(LOSS)TO NET CASH ' PROVIDED(USED)BY OPERATING ACTIVITIES: Operating Income(Loss) $ 652,346 $ 9590354 $ 1,611,700 $ (160,239) Adjustments to Reconcile Operating Income(Loss) to Net Cash Provided(Used)By Operating Activities: Depreciation 827,906 6,215 834,121 599,956 ' Other Non-Operating Revenue 0 (31,596) (31,596) 259,506 (Increase)Decrease in Accounts Receivable (7,383) 5,250 (2,133) 12,392 (Increase)Decrease in Due From Other Funds/Governmental (876) 51,746 50,870 65,471 (Increase)Decrease in Inventory/Prepaid Items (18,127) 156 (17,971) 2,727 ' Increase(Decrease)in Vouchers Payable (145,577) (29,424) (175,001) 239,403 Increase(Decrease)in Due to Other Funds/Governmental 0 0 0 (810) Increase(Decrease)in Payables/Other Short Term Liabilities (582) (282) (864) 41,242 Increase(Decrease)in Customer Deposits 0 (34,684) (34,684) 0 Increase(Decrease)in Deferred Revenues 0 0 0 0 ' Increase(Decrease)in Accrued Employee Leave Benefits (10,999) (810) (11,809) 5,743 Increase(Decrease)in Claims Incurred But Not Reported 0 (422,950) (422,950) (556,131) Total Adjustments 644,362 (456,379) 187,983 669,499 NET CASH PROVIDED(USED)BY OPERATING ACTIVITIES $ 1.296.708 $ 502.975 $ 1.799.683 $ 509.260 , SCHEDULE OF NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES: Change in Fair Value of Investments $ 299,985 $ 39,532 $ 339,517 $ 0 TOTAL NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES $ 299.985 $ 39.532 $ 339.517 $ 0 116 ' Fiduciary Funds esu; �.ow ;,; CITY OF RENTON, WASHINGTON FIDUCIARY FUNDS DECEMBER 31, 2000 Fiduciary Funds are used to account for assets held by the City in a trustee capacity or as an agent for individuals, private organizations, other governmental units and/or other funds. These funds are classified as Pension Trust, Expendable Trust and Agency Funds. PENSION TRUST FUNDS Firemen's Pension Fund: Accounts for the payment of administrative costs and benefits for retired fire fighters (and beneficiaries) who were employed prior to March 1, 1970. Primary revenue sources are general property tax allocations in accordance with actuarial recommendations, fire insurance premium fax and investment interest. AGENCY FUNDS Special Deposit Fund: Established for the purpose of holding or retaining cash deposits or other securities pending fulfillment of certain conditions and/or requirements by the depositor. Rebates are made when all obligations have been met and only upon authorization from the transmitting department. Payroll Clearing Fund: Established to account for various payroll liabilities. Deferred Compensation Fund: Established in 1986 to account for the Deferred Compensation plan assets and liabilities. In 2000, this fund was closed and Deferred Compensation plan assets and liabilities are no longer reported, in accordance with GASB Statement No. 32. 117 CITY OF RENTON, WASHINGTON ' FIDUCIARY FUNDS ' COMBINING BALANCE SHEET DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 2) ' PENSION TRUST AGENCY FUNDS FIREMEN'S SPECIAL PAYROLL PENSION DEPOSIT CLEARING ASSETS: ' Cash and Cash Equivalents $ 790,415 $ 313,457 $ 144 Deferred Compensation Plan Assets 0 0 0 Investments at Fair Value 6,277,071 0 0 Receivables: Interest on Investments 978,734 0 0 , TOTAL ASSETS $ 8.046.220 $ 313.457 $ 144 LIABILITIES AND FUND EQUITY: LIABILITIES: ' Vouchers/Contracts Payable $ 0 $ 1,500 $ 0 Accrued Employee Benefits Payable 0 0 144 Deposits Payable 0 311,957 0 Deferred Compensation Payable 0 0 0 TOTAL LIABILITIES 0 313,457 144 ' FUND EQUITY: Fund Balance: Reserved for Employees'Pension Benefits 8,046,220 0 0 ' TOTAL FUND EQUITY 8,046,220 0 0 TOTAL LIABILITIES AND FUND EQUITY $ 8.046.220 $ 313.457 $ 144 118 ' CITY OF RENTON,WASHINGTON FIDUCIARY FUNDS COMBINING BALANCE SHEET DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 2 OF 2) • AGENCY FUNDS COMPARATIVE TOTALS DEFERRED COMPENSATION 2000 1999 $ 0 $ 1,104,016 $ 924,923 0 0 20,437,037 0 6,277,071 5,455,198 0 978,734 718,722 $ 0 $ 8.359.821 $ 27.535.880 $ 0 $ 1,500 $ 200 0 144 163 0 311,957 204,573 0 0 20,437,037 0 313,601 20,641,973 rr 0 8,046,220 6,893,907 0 8,046,220 6,893,907 $ 0 $ 8.359.821 $ 27.535.880 rr rr 119 CITY OF RENTON,WASHINGTON ' COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ' ALL AGENCY FUNDS YEAR ENDED DECEMBER 31,2000 (PAGE 1 OF 1) BALANCE BALANCE , I/1/00 ADDITIONS DEDUCTIONS 12/31/00 SPECIAL DEPOSIT FUND ASSETS Cash and Cash Equivalents $ 204,773 $ 546,351 $ 437,667 $ 313,457 ' TOTAL ASSETS $ 204.773 $ 546.351 $ 437.667 $ 313.457 LIABILITIES Vouchers Payable $ 200 $ 362,749 $ 361,449 $ 1,500 ' Deposits Payable 204,573 546,351 438,967 311,957 TOTAL LIABILITIES $ 204.773 $ 909.100 $ A00.416 $ 313.457 PAYROLL CLEARING FUND ASSETS ' Cash and Cash Equivalents $ 163 $ 0 $ 19 $ 144 TOTAL ASSETS $ 163 $ o $ 19 $ 144 LIABILITIES ' Accrued Employee Benefits Payable $ 163 $ 0 $ 19 $ 144 TOTAL LIABILITIES $ 163 $ 0 $ 19 $ 144 DEFERRED COMPENSATION FUND ASSETS ' Deferred Compensation Plan Assets $ 2014370037 $ 0 $ 20,437,037 $ 0 TOTAL ASSETS $ 20.437.037 $ 0 $ 20.437.037 $ 0 LIABILITIES ' Deferred Compensation Payable $ 20,4370037 $ 0 $ 20,437,037 $ 0 TOTAL LIABILITIES $ 20.437.037 $ 0 $ 20.437.037 $ 0 TOTAL-ALL AGENCY FUNDS ASSETS ' Cash and Cash Equivalents $ 204,936 $ 546,351 $ 437,686 $ 313,601 Deferred Compensation Plan Assets 20,437,037 0 20,437,037 0 TOTAL ASSETS $ 20.641.973 $ 546.351 $ 0.874.7 3 $ 313.601 LIABILITIES ' Vouchers Payable $ 200 $ 362,749 $ 361,449 $ 1,500 Deposits Payable 204,573 546,351 438,967 311,957 Accrued Employee Benefits Payable 163 0 19 144 Deferred Compensation Payable 20,437,037 0 20,437,037 0 , TOTAL LIABILITIES $ 20.641.973 $ 909.100 $ 21.237.472 $ 313.601 1 120 , CITY OF RENTON, WASHINGTON r FIREMEN'S PENSION TRUST FUND STATEMENT OF PLAN NET ASSETS r AS OF DECEMBER 31,2000 AND 1999 (PAGE 1 OF 1) 2000 1999 r ASSETS: Cash and Cash Equivalents $ 790,415 $ 719,987 Investments 6,277,071 5,455,198 Receivables: r Interest on Investments 978,734 718,722 TOTAL ASSETS $ 8.046.220 $ 6.893.907 FUND BALANCE: Reserved for Employees'Pension Benefits $ 8,046,220 $ 6,893,907 TOTAL FUND BALANCE $ 8.046.720 $ 6.893.907 ' 121 CITY OF RENTON,WASHINGTON FIREMEN'S PENSION TRUST FUND ' STATEMENT OF CHANGES IN PLAN NET ASSETS FOR THE YEARS ENDED DECEMBER 31,2000 AND 1999 (PAGE 1 OF 1) 2000 1999 ' ADDITIONS: Others Contributions: Fire Insurance Premiums $ 44,582 $ 75,340 , Investment Income: Interest Revenue 1,427,200 133,662 TOTAL ADDITIONS 1,471,782 209,002 DEDUCTIONS: , Benefit Payments 313,035 302,775 Administrative and General 6,434 6,499 TOTAL DEDUCTIONS 319,469 309,274 , NET INCREASE(DECREASE) 1,152,313 (100,272) FUND BALANCE RESERVED FOR EMPLOYEES'PENSION BENEFITS: FUND BALANCE JANUARY 1 6,893,907 6,994,179 ' FUND BALANCE DECEMBER 31 $ 8.046.220 $ 6.893.907 122 , General Fixed Assets Account Group 14 y �'"c•S'E �'k s. µ� F,� �"}qnM — r- CITY OF RENTON, WASHINGTON GENERAL FIXED ASSETS ACCOUNT GROUP DECEMBER 31, 2000 The General Fixed Assets Account Group is self-balancing and accounts for all the fixed assets of the City other than those recorded in the enterprise and internal service funds; or infrastructure assets which are considered public property. Infrastructure includes items such as roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and street lighting systems. 123 CITY OF RENTON, WASHINGTON ' GENERAL FIXED ASSETS ACCOUNT GROUP ' COMPARATIVE BALANCE SHEET DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 (PAGE 1 OF 1) ' 2000 1999 ASSETS: Investment in Joint Venture $ 2,546,163 $ 1,968,198 Fixed Assets(Net) 120,956,220 114,035,568 ' Construction In Progress 3,207,433 3,012,120 TOTAL ASSETS $ 126.709.816 $ 1 19.015.886 OTHER CREDITS: ' Investments in General Fixed Assets $ 126,709,816 $ 119,015,886 TOTAL OTHER CREDITS $ 126.709.816 $ 1 19.015.886 1 1 1 1 r r i 124 ' CITY OF RENTON, WASHINGTON SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE DECEMBER 31,2000 (PAGE 1 OF 1) GENERAL FIXED ASSETS: Land $ 28,550,273 Buildings 61,338,863 Improvements Other Than Buildings 17,879,726 Machinery and Equipment 13,187,358 Construction Work in Progress 3,207,433 Joint Venture 2,546,163 TOTAL GENERAL FIXED ASSETS $ 126,709,816 INVESTMENT IN GENERAL FIXED ASSETS FROM: General Obligation Bonds $ 39,102,185 Federal Grants 7,136,391 State Grants 2,433,172 County Grants 5,973,470 General Revenues 69,609,204 Donations 2,455,394 TOTAL INVESTMENT IN GENERAL FIXED ASSETS $ 126,709,816 t 125 CITY OF RENTON,WASHINGTON SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY AS OF DECEMBER 31,2000 (PAGE 1 OF 1) ' IMPROVEMENTS MACHINERY CONSTRUCTION OTHER THAN AND JOINT WORK IN ' FUNCTION TOTAL LAND BUILDINGS BUILDINGS EQUIPMENT VENTURE PROGRESS General Government $ 45,472,035 $ 1,456,463 $ 37,871,642 $ 444,996 $ 5,698,934 $ 0 $ 0 Security of Persons/Property 13,531,035 261,249 4,818,898 236,055 5,636,415 2,546,163 32,255 ' Physical Environment 3,826,083 0 2,751,874 741,350 332,859 0 0 Transportation 1,664,090 759,563 118,218 316,253 470,056 0 0 Economic Environment 1,943,750 472,016 1,305,507 45,911 120,316 0 0 ' Culture and Recreation 60,272,823 25,600,982 14,472,724 16,095,161 928,778 0 3,175,178 TOTAL GENERAL FIXED ASSETS $ 126,709,816 $ 28.550,273 $ 61,338,863 $ 17,879,726 $ 13,187,358 $ 2,546,163 $ 3,207,433 SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS ' BY FUNCTION AND ACTIVITY YEAR ENDED DECEMBER 31,2000 ' (PAGE 1 OF 1) GENERAL GENERAL ' FIXED ASSETS FIXED ASSETS FUNCTION 1/01/00 INCREASES DECREASES 12/31/00 General Government $ 43,252,783 $ 2,365,1 13 $ 145,861 $ 45,472,035 t Security of Persons/Property 10,244,922 3,364,609 78,496 13,531,035 Physical Environment 3,796,953 47,786 18,656 3,826,083 Transportation 1,375,347 405,644 116,901 1,664,090 ' Economic Environment 1,964,803 269,678 290,731 1,943,750 Culture and Recreation 58,381,078 4,909,810 3,018,065 60,272,823 TOTAL GENERAL FIXED ASSETS $ 119,015,886 $ 11,362,640 $ 3,668,710 $ 126,709,816 r r r 126 General Long Term Debt Account Group CITY OF RENTON, WASHINGTON GENERAL LONG-TERM DEBT ACCOUNT GROUP DECEMBER 31,2000 The General Long-Term Debt Account group is self-balancing and is used to account for unmatured principal on the General Obligation Long-Term Debt of the City of Renton, including General Obligation Bonds (refunded issues are excluded), installment contracts, applicable accrued employee leave benefits and special assessments. This indebtedness is backed by the full faith and credit of the City of Renton. '� 127 CITY OF RENTON, WASHINGTON , GENERAL LONG TERM DEBT ACCOUNT GROUP , COMPARATIVE BALANCE SHEET DECEMBER 31,2000 WITH COMPARATIVE TOTALS FOR DECEMBER 31,1999 , (PAGE 1 OF 1) 2000 1999 ASSETS: Available in Debt Service&Capital Project Funds $ 2,653,495 $ 2,987,015 , Amount To Be Provided Long Term Debt Retirement 26,236,595 28,521,306 TOTAL ASSETS $ 28.890.090 $ 31.508,321 LIABILITIES AND FUND EQUITY: ' LIABILITIES: General Obligation Bonds Payable $ 24,126,908 $ 26,223,908 Special Assessment Debt With Government Commitment 320,000 680,000 Accrued Employee Leave Benefits 4,224,352 4,361,558 Installment Purchase Contracts 218,830 242,855 ' TOTAL LIABILITIES $ 28.890,090 $ 31.508.321 128 Statistical Section i owl ,ti CITY OF RENTON,WASHINGTON i STATISTICAL SECTION DECEMBER 31, 2000 i Presentations included in the Statistical Section of the Comprehensive Annual Financial Report (CAFR) provide detailed data on the physical, economic, social, and political characteristics of the reporting government. They are intended to provide CAFR users with a broader and more complete understanding of the government and its financial affairs than is possible from the financial statements and supporting schedules included i in the Financial Section. Statistical tables usually cover more than two fiscal years and often present data from outside the accounting records. Therefore, in contrast to financial section information, statistical section data are not usually susceptible to independent audit. 1 ' 129 CITY OF RENTON,WASHINGTON TABLE 1: GENERAL GOVERNMENT REVENUES AND EXPENDITURES BY FUNCTION, INCLUDING CHANGES IN FUND BALANCES-LAST TEN FISCAL YEARS, • FOR GENERAL,SPECIAL REVENUE, AND DEBT SERVICE FUNDS (PAGE 1 OF 2) ■r Ten Year Annual General Governmental Revenue Trends $70 62.3 M 59.9 i [5-7.Al 54.1 I $60 51.7 48.4 i $50 43.2 42.6 0 41.2 n 37.4 $40 S 0 $30 f $20 D 0 $10 I I a $0 r 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 S DESCRIPTION 1991 1992 1993 1994 ' REVENUES Taxes $ 27,169,161 $ 32,869,130 $ 31,204,165 $ 30,785,983 Licenses and Permits 1,156,779 1,258,803 1,145,967 1,310,570 Intergovernmental Revenues 2,948,562 2,892,682 4,297,932 4,998,676 Charges for Services 2,099,067 1,610,795 1,437,069 1,543,902 Fines and Forfeits 803,176 884,692 881,016 1,107,779 Miscellaneous 3,232,891 3,684,479 2,249,836 2,835,811 ' TOTAL REVENUES $ 37,409,636 $ 43,200,581 $ 41,215,985 $ 42,582,721 EXPENDITURES ' General Government $ 5,045,540 $ 5,607,839 $ 5,258,009 $ 5,998,922 Security of Persons and Property 12,324,533 13,551,649 15,654,019 17,272,774 Physical Environment 976,822 1,157,1 12 1,163,369 999,985 ' Transportation 2,819,625 3,074,076 2,937,977 3,422,909 Economic Environment 3,176,411 2,893,077 3,155,164 3,524,258 Mental and Physical Health 10,601 229,013 8,983 10,755 ' Culture and Recreation 4,026,495 4,291,090 4,603,052 4,946,035 Capital Outlay 541,075 4,793,884 549,412 547,281 Debt Service 4,270,821 3,947,606 3,554,238 4,289,678 ' TOTAL EXPENDITURES $ 33,191,923 $ 39,545,346 $ 36,884,223 $ 41,012,597 Other Increases (Decreases) (1,094,487) (357,401) (1,831,265) (335,802) ' Transfer In/Out 0 0 106,593 0 FUND BALANCE, JANUARY 1 6,064,556 8,726,560 12,024,394 14,631,484 FUND BALANCE, DECEMBER 31 9,187,782 12,024,394 14,631,484 15,865,806 ' Source: City of Renton Finance Department. 130 ' CITY OF RENTON, WASHINGTON TABLE 1: GENERAL GOVERNMENT REVENUES AND EXPENDITURES BY FUNCTION, INCLUDING CHANGES IN FUND BALANCES-LAST TEN FISCAL YEARS, FOR GENERAL,SPECIAL REVENUE,AND DEBT SERVICE FUNDS (PAGE 2 OF 2) Ten Year Annual General Governmental Ending Fund Balance M $25 I 1 19.9 1 $20 17.6 18.3 i )5.9 16.2 r 0 14.6 14.9 n $15 12.0 s 11.3 0 9.2 t $10 D o $5 I I o $0 s 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 s ' 1995 1996 1997 1998 1999 2000 $ 33,970,167 $ 36,226,318 $ 37,903,857 $ 40,061,373 $ 42,807,838 $ 46,365,818 ' 1,236,046 1,569,007 2,145,849 2,086,727 1,745,899 2,630,315 4,343,249 4,044,611 4,164,921 4,184,545 3,600,258 3,738,843 4,818,352 5,344,029 5,546,295 7,699,258 5,488,634 5,821,977 998,553 958,082 733,561 722,054 831,327 1,008,098 ' 3,080,883 3,513,802 3,601,057 5,139,563 2,668,990 2,742,896 $ 48,447,250 $ 51,655,849 $ 54,095,540 $ 59,893,520 $ 57,142,946 $ 62,307,947 ' $ 7,807,624 $ 8,420,834 $ 8,675,215 $ 9,915,676 $ 9,972,040 $ 10,648,052 17,187,719 18,344,175 19,249,622 20,074,074 21,336,276 22,861,304 ' 1,520,374 1,759,571 1,708,461 1,730,735 1,892,549 1,769,012 4,947,622 4,509,833 4,896,235 4,838,713 5,130,703 5,1 18,420 3,606,022 3,022,503 3,414,034 4,060,970 3,792,464 4,327,075 ' 7,843 5,746 7,570 10,962 8,486 8,599 5,130,721 5,429,238 5,592,278 5,804,099 6,159,132 6,602,437 494,585 2,302,888 3,496,515 4,881,689 717,037 315,324 ' 3,347,293 3,933,368 3,547,127 3,413,505 4,053,582 3,686,306 $ 44,049,803 $ 47,728,156 $ 50,587,057 $ 54,730,423 $ 53,062,269 $ 55,336,529 (2,336,448) (1,129,720) (5,110,847) (7,308,428) (2,428,669) (2,469,837) (260,482) (544,504) 0 63,110 (6,315,060) (955,000) 15,845,156 17,645,773 19,899,242 18,296,878 16,005,236 11,342,184 k $ 17,645,673 19,899,242 18,296,878 16,214,657 11,342,184 14,888,765 Ir 131 CITY OPRENTON.WASHINGTON TABLE 2: ASSESSED VALUE, PROPERTY TAX RATES, LEVIES AND COLLECTIONS LAST TEN FISCAL YEARS (PAGE \ OF2) Ten Year Assessed Valuation Trends r 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 DESCRIPTION 1991 1992 1993 1994 ASSESSED VALUE DECEMBER 31: Real Property Value $2,425,865,552 $2,466,868,427 $2,730,285,285 $2,756,919,925 Personal Property Value 620,506,587 664,964,302 699,080,839 673,405,117 TOTAL ASSESSED VALUE 3,046,372,139 3,131,832,729 3,429,366,124 3,430,325,042 CITY AND OVERLAPPING TAX RATES: (a) City of Renton:General Levy $3.09203 $3.28917 $3.23416 $3.48681 City of Renton:Special Levy 0.50609 0.40324 0.41577 0.36282 City of Renton Total $3.59812 $3.69241 $3.64993 $3.84963 King County 1.73030 1.79973 2.14039 2.21546 Port of Seattle 0.32332 0.34421 0.30518 0.30367 Hospital District#1 0.17485 0.17781 0.16238 0.14767 Renton School District#403 2.07349 2.13257 3.89165 3.60091 State of Washington 3.38348 3.54132 3.30069 3.39960 Emergency Medical Services 0.19911 0.25000 0.23942 0.24972 TOTAL PROPERTY TAX RATES $11.48267 $11.93805 $13.68964 $13.76666 PROPERTY TAX LEVIES AND COLLECTIONS: Original $10,959,734 $11,507,994 $12,436,132 $13,121,967 Adjusted 10,763,298 11,408,258 12,333,996 12,898,033 Current Collections $10,455,653 $11,194,251 $11,941,091 $12,654,957 Percent of Adjusted Levy 97.14% 98.12% 96.81% 98.12% Delinquent Collections $204,311 $284,769 $194,799 $404,787 TOTAL COLLECTION OF CURRENT&DELINQUENT $10,659,964 $11,479,020 $12,135,890 $13,059,744 PERCENT OF ADJUSTED LEVY 99.04% 100.62% 98.39% 101.25% OUTSTANDING DELINQUENT TAXES $444,930 $374,168 $572,274 $410,563 FERCENT OF DELINQUENT TAXES TO ADJ LEVY 4.13% 3.28% 4.64% 3.18% Source:King County Department cxAssessments. m� (o) Property tax rates are indollars per$)'0OOoftaxable property valued ot 100%. (NRestated for error inreporting for lYY3CApn. |32 �� CITY OF RENTON,WASHINGTON TABLE 2: ASSESSED VALUE, PROPERTY TAX RATES, LEVIES AND COLLECTIONS - LAST TEN FISCAL YEARS PAGE 2 OF 2) r Property Tax Allocation City of Renton m EMS 28% 2% King County i 13% State 26% Port of Seattle 2% Hospital 1% Schools 28% i 1995 1996 1997 1998 1999 2000 r $2,904,421,288 $2,933,904,882 $2,978,575,856 $3,099,917,868 $3,543,075,457 $3,830,517,200 675,278,785 612,192,280 647,025,908 725,191,466 715,425,293 714,803,819 r 3,579,700,073 3,546,097,162 3,625,601,764 3,825,109,334 4,258,500,750 4,545,321,019 $3.55454 $3.60000 $3.60000 $3.55000 $3.42726 $3.39877 0.36408 0.34413 0.38781 0.34608 0.31981 0.28488 $3.91862 $3.94413 $3.98781 $3.89608 $3.74707 $3.68365 ' 2.25288 2.20943 2.13173 1.85109 1.77385 1.68951 0.29482 0.29211 0.28261 0.26466 0.23898 0.21585 0.15084 0.15698 0.15959 0.15934 0.15354 0.11830 ' 3.52218 3.71940 3.53615 3.49222 3.78290 3.65397 3.41873 3.49966 3.52499 3.51138 3.35872 3.30278 0.24990 0.24987 0.25000 n/a 0.29000 0.27299 ' $13.80797 $14.07158 $13.87288 $13.17477 $13.34506 $12.93705 ' $13,971,424 $13,898,818 $14,364,723 $14,822,739 $15,843,325 $16,658,569 13,799,832 13,583,469 14,167,346 14,719,382 15,850,628 16,633,388 ' $13,327,749 $13,359,611 $13,970,125 $14,511,118 $15,595,427 $16,337,790 96.58% 98.35% 98.61% 98.59% 98.39% 98.22% $323,487 $347,054 $315,345 $211,113 $215,939 $238,361 $13,651,236 $13,706,665 $14,285,470 $14,722,231 $15,811,366 $16,576,151 ' 98.92% 100.91% 100.83% 100.02% 99.75% 99.66% $559,159 $435,963 $317,841 $314,989 $354,250 $389,125 4.05% 3.21% 2.24% 2.14% 2.23% 2.34% 133 CITY OF RENTON,WASHINGTON far TABLE 3: RATIO OF NET GENERAL OBLIGATION DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA-LAST TEN FISCAL YEARS PAGE 1 OF 1) Ten Year Renton Per Capita Net Bonded Debt Trends , $700 $630 $583 $600 $499 $494 $514 $482 $461 $500 $450 $398 ' $400 $353 $300 $20 , $100so ' 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 DEBT SERVICE NET RATIO OF NET NET BONDED ' FISCAL ASSESSED GROSS FUNDS BONDED BONDED DEBT TO DEBT YEAR POPULATION VALUE BONDED DEBT AVAILABLE DEBT ASSESSED VALUE PER CAPITA ' 1991 43,000 $ 3,046,372,139 $ 22,472,719 $ 1,007,850 $ 21,464,869 0.70% $ 499 1992 43,090 $ 3,131,832,729 $ 22,318,712 $ 1,039,480 $ 21,279,232 0.68% $ 494 1993 43,470 $ 3,429,366,124 $ 22,258,603 $ 1,288,208 $ 20,970,395 0.61% $ 482 1994 43,970 $ 3,430,325,042 $ 21,160,297 $ 1,373,226 $ 19,787,071 0.58% $ 450 1995 44,890 $ 3,579,700,073 $ 19,065,569 $ 1,220,234 $ 17,845,335 0.50% $ 398 , 1996 45,170 $ 3,546,097,162 $ 17,382,945 $ 1,426,722 $ 15,956,223 0.45% $ 353 1997 45,920 $ 3,625,601,764 $ 30,121,269 $ 1,184,279 $ 28,936,990 0.80% $ 630 1998 46,270 $ 3,825,109,334 $ 28,486,738 $ 1,527,931 $ 26,958,807 0.70% $ 583 1999 47,620 $ 4,258,500,750 $ 26,466,763 $ 2,004,373 $ 24,462,390 0.57% $ 514 2000 48,270 $ 4,545,321,019 $ 24,345,738 $ 2,096,755 $ 22,248,983 0.49% $ 461 Source: State of Washington Office of Program Planning and Fiscal Management, King County Department of Assessments, and City of Renton Finance Department. 134 , CITY OF RENTON, WASHINGTON TABLE 4: SPECIAL ASSESSMENT BILLINGS AND COLLECTIONS LAST TEN FISCAL YEARS (PAGE 1 OF 1) Special Assessment Billings and Collections 240.0% 212.7% 210.0% 196.3% 188.0% 188.2% 184.9% rn c 174.0% 180.0% m 0 c 150.0% 138.1% 140.1% 139.6% a> U W 113.9% CL 120.0% a a 90.0% 0 U 0) 60.0% rU 30.0% r 0.0% _ 1991- 1992 1993 1994 1995 1996 1997 1998 - 1999 2000 ASSESSMENTS COLLECTION ASSESSMENTS FISCAL RECEIVABLE ADDITIONAL ASSESSMENT COLLECTION AS A% RECEIVABLE YEAR 1/1 ASSESSMENT BILLING PRINCIPAL INTEREST TOTAL OF BILLING 12/31 1991 $ 7,222,1 13 $ 0 $ 1,546,338 $ 1,465,953 $ 670,018 $ 2,135,971 138.13% $ 5,756,160 1992 $ 5,756,160 $ 0 $ 1,284,581 $ 1,739,087 $ 675,531 $ 2,414,618 187.97% $ 4,017,073 1993 $ 3,876,542 $ 1,654,063 $ 737,439 $ 592,131 $ 441,136 $ 1,033,267 140.12% $ 4,938,474 1994 $ 5,110,162 $ 326,364 $ 889,261 $ 685,629 $ 327,520 $ 1,013,149 113.93% $ 4,750,897 1995 $ 4,750,897 $ 124,294 $ 588,009 $ 908,724 $ 342,194 $ 1,250,918 212.74% $ 3,966,467 1996 $ 4,212,282 $ 0 $ 820,459 $ 1,002,924 $ 607,356 $ 1,610,280 196.27% $ 3,209,358 ■■■��� 1997 $ 3,209,358 $ 0 $ 471,759 $ 605,594 $ 215,457 $ 821,051 174.04% $ 2,603,764 1998 $ 2,603,764 $ 441 $ 392,626 $ 568,553 $ 170,563 $ 739,116 188.25% $ 2,035,652 1999 $ 2,035,652 $ 76,880 $ 471,303 $ 728,920 $ 142,528 $ 871,448 184.90% $ 1,383,612 2000 $ 1,383,612 $ 0 $ 311,375 $ 352,649 $ 82,097 $ 434,746 139.62% $ 1,030,963 Source: City of Renton Finance Department. 135 CITY OF RENTON,WASHINGTON r TABLE 5: COMPUTATION OF LEGAL DEBT MARGIN FOR GENERAL AND SPECIAL PURPOSE CAPACITIES r AS OF DECEMBER 31,2000, AND ALL DEBT CAPACITIES-LAST TEN FISCAL YEARS (PAGE 1 OF 1) ' Ten Year Debt Capacity Trends , $60 Councilmanic $54.8 (Non-Voted) $54.4 $49.3 M $45.1 i $42.6 $42.8 $43.3 I I $38.7 i $40 $41.9 $42.3 n $39.0 S $31 $30.6 $31.6 $32.0 ' 0 f D 0 Excess Levy 1 $20 (Voted) $13. a 8 r $11.5 s ' 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 GENERAL CAPACITY SPECIAL PURPOSE CAPACITY PARKS AND UTILITY TOTAL , DESCRIPTION COUNCILMANIC EXCESS LEVY OPEN SPACE PURPOSES CAPACITY ASSESSED VALUE(2000): $4,545,321,019 2.50%of Assessed Value $ N/A $ 113,633,025 $ 113,633,025 $ 113,633,025 $ 340,899,076 ' 1.50%of Assessed Value 68,179,815 (68,179,815) N/A N/A 0 STATUTORY DEBT LIMIT $ 68,179,815 $ 45,453,210 $ 113,633,025 $ 113,633,025 $ 340,899,076 r General Obligation Bonds $ 20,151,908 $ 3,705,000 $ 270,000 $ 0 $ 24,126,908 Installment Contracts(a) 218,830 0 0 0 218,830 TOTAL DEBT OUTSTANDING $ 20,370,738 $ 3,705,000 $ 270,000 $ 0 $ 24,345,738 rll Less Amount Available in Debt Service Funds $ 951,092 $ 520,642 $ 625,021 $ 0 $ 2,096,755 NET DEBT OUTSTANDING $ 19,419,646 $ 3,184,358 $ (355,021) $ 0 $ 22,248,983 REMAINING DEBT CAPACITY $ 48.760,169 $ 42,268,852 $ 113,988,046 $ 113,633,025 $ 318,650,093 Source:King County Department of Assessments. City of Renton Finance Department. • (a)Statutory limit=.75%of 1%of assessed value. 136 r CITY OF RENTON,WASHINGTON r TABLE 6: COMPUTATION OF DIRECT AND OVERLAPPING DEBT-DECEMBER 31, 2000 r (PAGE 1 OF 1) _City of Renton Direct and Overlaooina Debt ' $140 M i $120 I I i O $100 n S E'E Schools-$89.1 ' $80 O f D $60 0 I ' 1Port-$6.5 a $40 r County-$13.9 S $20 ::Renton-$24.3;:;:;:•:•: �. ' PERCENTAGE AMOUNT ' NET DEBT APPLICABLE APPLICABLE JURISDICTION OUTSTANDING TO RENTON TO RENTON NET DIRECT DEBT: City of Renton $24,345,738 100.00% $24,345,738 r OVERLAPPING DEBT: King County $517,821,140 2.69% $13,929,389 Port of Seattle $241,667,380 2.69% $6,500,853 Renton School District#403 $165,092,388 53.98% $89,116,871 Sub-Total $924,580,908 11.85% $109,547,112 TOTAL DIRECT AND OVERLAPPING DEBT $948,926,646 14.11% $133,892,850 Source: King County Department of Finance and King County Department of Assessments. 137 CITY QP RENTON'WASHINGTON TABLE 7: RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL OBLIGATION BONDS ' DJTOTAL GENERAL GOVERNMENT EXPENDITURES'LAST TEN FISCAL YEARS (PAGE l OF \) Ten Year Debt Service to Ext)enditure Ratio Trend X. 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 TOTAL GENERAL RATIO OF DEBT FISCAL (a) (a) TOTA L GOVERNMENTAL SERVICE TO YEAR PRINCIPAL INTEREST DEBT SERVICE EXPENDITURES EXPENDITURE � 1998 $ n � (o) Principal and Interest are based ontotal GVBond debt payments. (b) General Government Expenditures include General,Special Revenue,and Debt Service Funds. go Other Financing Uses and Residual Equity Transfers are not included. � q Source:City ufRenton Finance Department 10 CITY OF RENTON,WASHINGTON TABLE 8: REVENUE BOND COVERAGE FOR WATER AND SEWER,AND GOLF SYSTEM BONDS • LAST TEN FISCAL YEARS (PAGE 1 OF 1) Water/Sewer Revenue Bond Debt Service Coverace 4.00 3.73 C 0 3.50 V e 3.00 2.63 2.63 2.61 2.80 r 2.36 2.43 2.55 a 2.50 2.07 2.25 - 9 2.00 e i 1.50 R a 100 t i 0.50 o 0.00 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 (a) OPERATING NET REVENUE AVERAGE ANNUAL COVERAGE FISCAL GROSS EXPENSES AVAILABLE FOR DEBT SERVICE (b) IS TO BE +� YEAR REVENUE W/O DEPREC. DEBT SERVICE REQUIREMENTS COVERAGE AT LEAST WATER AND SEWER REVENUE BONDS: 1991 $ 13,533,090 $ 8,856,219 $ 4,676,871 $ 2,263,918 2.07 1.3 1992 $ 15,581,113 $ 9,767,486 $ 5,813,627 $ 2,214,024 2.63 1.3 1993 $ 16,809,047 $ 10,478,147 $ 6,330,900 $ 2,679,581 2.36 1.3 1994 $ 18,266,154 $ 11,500,657 $ 6,765,497 $ 3,004,180 2.25 1.3 1995 $ 20,781,235 $ 13,187,048 $ 7,594,187 $ 3,131,174 2.43 1.3 1996 $ 22,842,549 $ 14,750,009 $ 8,092,540 $ 3,173,846 2.55 1.3 1997 $ 22,854,798 $ 14,580,175 $ 8,274,623 $ 3,151,984 2.63 1.3 1998 $ 23,126,374 $ 14,877,435 $ 8,248,939 $ 3,155,670 2.61 1.3 1999 $ 23,861,159 $ 16,407,442 $ 7,453,717 $ 2,658,909 2.80 1.3 2000 $ 25,541,809 $ 15,653,774 $ 9,888,035 $ 2,650,713 3.73 1.3 GOLF COURSE REVENUE BONDS (c): 1994 $ 1,319,025 $ 561,028 $ 757,997 $ 419,334 1.81 1.25 1995 $ 1,490,505 $ 767,283 $ 723,222 $ 421,127 1.72 1.25 1996 $ 2,078,745 $ 1,076,030 $ 1,002,715 $ 431,521 2.32 1.25 1997 $ 2,724,692 $ 1,270,849 $ 1,453,843 $ 455,626 3.19 1.25 1998 $ 2,432,929 $ 1,355,669 $ 1,077,260 $ 455,742 2.36 1.25 1999 $ 2,252,217 $ 1,278,489 $ 973,728 $ 439,979 2.21 1.25 2000 $ 2,328,044 $ 1,320,681 $ 1,007,363 $ 440,164 2.29 1.25 ' (a) Gross revenue includes connection charges,system development charges,and latecomer fees. (b) Bond financing requirements are that the average annual coverage is at least 1.3 times the average annual debt service for Water and Sewer revenue bonds. The Golf System revenue bonds coverage requirement is at ' least 1.25 times that of respective calendar year's annual debt service. (c) Golf System Revenue Bonds were issued July 1, 1994 and refunded April 1, 1999. Source:City of Renton Finance Department. ' 139 CITY Qf0ENTON' WASHINGTON TABLE 9: CITY OFRENTONRETAIL SALES BYSOURCE LAST FIVE FISCAL YEARS (PAGEl OF 1) Changing Sales Tax Composition 0 996 vs 2000) Other Finance Transportation/Utilities Manufacturing -3. 0% Wholesale General Retailing Construction L2J Services Auto Dealers 1996 1997 1998 1999 2000 SOURCE AMOUNT % AMOUNT % AMOUNT % AMOUNT % AMOUNT % Auto Dealers $291,362,550 21.39% $326,383,100 22.16% $377,585,700 23.04% $371,149,408 24.66% $409,110,750 24.14% Services 260,423,165 19.12% 209,241,100 14.21% 181,179,400 11.06% 155,010,916 10.30% 184,010,624 10.86% Construction 200,286,873 14.70% 220,544,200 14.98% 271,811,200 16.59% 169,985,732 11.30% 203,430,733 12.00% General Retailing 299,573,106 21.99% 370,568,200 25.16% 406,948,500 24.83% 492,673,912 32.74% 568,751,443 33.55% Wholesale 168,589,517 12.38% 184,397,100 12.52% 195,404,500 11.92% 186,629,695 12.40% 183,977,330 10.85% Manufacturing 70,637,260 5.19% 76,016,500 5.16% 91,426,300 5.58% 25,115,537 1.67% 25,251,464 1.49% Transportation/Utili ties 55,563,899 4.08% 63,179,600 4.29% 65,408,900 3.99% 71,933,082 4.78% 82,501,187 4.87% Finance 9,872,825 0.72% 15,307,300 1.04% 21,844,900 1.33% 22,901,820 1.52% 27,440,587 1.62% w LCLTALS $1,362,201,317 100.00% $1,472,646,600 100.00% $1,638,643,600 100.00% $1,504,763,947 100.00% $1,695,021,060 100.00% Source:City mRenton Finance Department m� 140 �� CITY OF RENTON,WASHINGTON TABLE 10: 10 LARGEST TAXPAYERS BASED ON ASSESSED VALUATION r AND PRINCIPAL EMPLOYERS (PAGE 1 OF 1) r 2000 REAL PROPERTY PERCENT OF r ASSESSED ASSESSED TAXPAYER TYPE OF BUSINESS VALUATION VALUATION The Boeing Company Aerospace&Computer Services 761,396,292 16.75% r PACCAR Heavy Manufacturing 74,938,646 1.65% Puget Sound Energy Electric/Gas Utility 74,489,513 1.64% Pacific NW Group A Variety 45,347,300 1.00% University Street Properties Office Building 39,014,100 0.86% US West Telephone Utility 37,069,300 0.82% Roundup(Fred Meyer) Retail-Miscellaneous 24,141,923 0.53% _ Rosche One Int Office Building 17,908,000 0.39% RVA (Renton Village Associates) Shopping Center 17,781,100 0.39% Avalon Bay Communities Inc Apartment Building 17,500,000 0.39% Total Assessed Valuation-Largest Taxpayers $ 1,109,586,174 24.42% r Total Assessed Valuation-All Others 3,435,734,845 75.58% Total Assessed Valuation 4,545,321,019 100.00% WIN 2000 FULL TIME EQUIV. PERCENT OF PRINCIPAL EMPLOYERS TYPE OF BUSINESS EMPLOYEES EMPLOYEES +� The Boeing Company Aerospace&Computer Services 19,058 41.62% Valley Medical Center Medical Services 2,351 5.13% Renton School District Public Education 1,242 2.71% �r PACCAR Heavy Manufacturing 1,112 2.43% Federal Aviation Administration Federal Government 819 1.79% Multiple Zones International Computer Hard/Software Retail 661 1.44% City of Renton City Government 655 1.43% Wizards of the Coast Retail-Miscellaneous 625 1.37% HomeGrocers.Com Inc Retail-Miscellaneous 332 0.73% Ikea-Seattle Retail-Miscellaneous 330 0.72% Total Number of Employees-Principal Employers 27,185 59.38% Total Number of Employees-All Other Employers 18,600 40.62% Total Employees Working Within Renton 45,785 100.00% ' Source: Assessed Valuation:King County Department of Assessments. Assessed Valuation for Largest Taxpayer: King County Department of Assessments, Both real and personal property assessment where applicable. ' Number of Employees:Estimated based upon City of Renton Business License Records and individual inquiry where applicable. i 141 CITY OF RENTON,WASHINGTON ' TABLE 11: CONSTRUCTION PERMITS ' LAST TEN FISCAL YEARS (PAGE 1 OF 2) ' New Construction Permit Valuation Trend ' M i $180 I i $150 ©OTHER PERMITS ' 0 n $120 s 13SINGLE FAMILY ' o $90 - f D $60BMULTI FAMILY ' 0 I I $30 - Id M COMMERCIAL I a r S $0 1995 1996 1997 1998 1999 2000 NEW CONSTRUCTION ALL NEW BUILDING PERMITS OTHER PERMITS CONSTRUCTION COMMERCIAL MULTI FAMILY SINGLE FAMILY COM/MULTI/SINGLE PERMITS FISCAL NO.OF DOLLAR NO.OF DOLLAR NO.OF DOLLAR NO.OF DOLLAR , YEAR PERMITS VALUE PERMITS VALUE PERMITS VALUE PERMITS VALUE PERMITS VALUATION 1991 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 1992 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 1993 N/A N/A N/A N/A N/A N/A N/A N/A N/AN/A ' 1994 26 $ 41,646,451 21 $ 10,755,923 97 $ 13,384,973 531 $ 14,455,415 675 $ 80,242,763 1995 29 $ 43,913,909 16 $ 7,051,996 133 $ 17,464,456 1,100 $ 11,031,008 1,278 $ 79,461,369 1996 26 $ 38,474,779 27 $ 11,207,074 192 $ 27,344,159 1,159 $ 6,684,931 1,404 $ 83,710,943 1997 28 $ 56,368,747 73 $ 40,593,074 249 $ 37,453,977 1,639 $ 14,350,058 1,989 $ 148,765,857 ' 1998 34 $ 25,191,943 78 $ 36,411,387 280 $ 37,017,381 892 $ 10,260,968 1,284 $ 108,881,679 1999 34 $ 32,900,792 32 $ 21,972,362 175 $ 25,902,812 601 $ 6,863,519 842 $ 87,639,485 2000 35 $ 28,312,674 1 36 $ 32,045,355 351 $ 53,657,095 699 $ 10,596,874 1,121 $ 124,611,998 ' Source: Construction permits and values-City of Renton Building Department. Note: For 1991 through 1993,the breakout as seen above is unavailable,but total permits and valuations are shown. Other permits include plumbing,electrical,mechanical,and sign permits. Starting September 1997,Combo Building Permits are being issued for new residential construction. This combo permit combines permits for building,electrical,mechanical,and plumbing. r 142 r CITY OF RENTON,WASHINGTON it am TABLE 11: CONSTRUCTION PERMITS LAST TEN FISCAL YEARS (PAGE 2 OF 2) ims Ten Year Total Construction Permit Valuation Trend M $270 - 239.2 237.4 i $240 210.5 I i $210 173.9 194.3 0 n $180 s 142.5 $150 121.3 133.5 131.9 0 f $120 98.4 D $90 a $60 I a $30 r s $0 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 ADDITIONAL/ALTERATION CONSTRUCTION ALL ALTERATION TOTAL i BUILDING PERMITS OTHER PERMITS CONSTRUCTION ALL COMMERCIAL MULTI FAMILY SINGLE FAMILY COM/MULTI/SINGLE PERMITS PERMITS FISCAL NO.OF DOLLAR NO.OF DOLLAR NO.OF DOLLAR NO.OF DOLLAR YEAR PERMITS VALUE PERMITS VALUE PERMITS VALUE PERMITS VALUE PERMITS VALUATION PERMITS VALUATION 1991 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 3,740 $ 173.866,147 1992 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 3,526 $ 210,500,686 1993 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 3,564 $ 98,385,628 1994 380 $42,431,505 14 $ 449,075 96 $ 1,697,251 1.990 $17,729,294 2,480 $ 62,307,125 3,155 $ 142,549,887 1995 336 $23,760,983 12 $ 203,450 99 $ 1,856,162 1,618 $16,014,437 2,065 $ 41,835,033 3,343 $ 121,296,402 1996 314 $33,112,674 31 $ 666,046 97 $ 1,679,484 1,652 $14,336,769 2,094 $ 49,794,973 3,498 $ 133,505,916 1997 356 $64,142,868 11 $ 303,112 96 $ 1,418,804 1,891 $24,615,480 2,354 $ 90,480,264 4,343 $ 239,246,120 1998 317 $56,323.245 14 $ 3,819,252 101 $ 1,549,018 1,960 $23,704,320 2,392 $85,395,835 3,676 $ 194,277,514 1999 277 $25,879,237 100 $ 537,329 146 $ 1,889,443 1,761 $15,932,899 2,284 $ 44,238,909 3,126 $ 131,878,394 2000 310 $77,340,658 58 $ 1,027,001 137 $ 2,985,809 1,947 $31,477,806 2.452 $112,831,274 3,573 237,443,272 ' 143 CITY OF RENTON,WASHINGTON TABLE 12: DEMOGRAPHIC STATISTICS ' LAST TEN FISCAL YEARS (PAGE 1 OF 1) ' Ten Year Population Trends , 50.0 P , 0 P 48.3 U 47.6 I a t I 46.3 0 45.9 n ' 45.2 1 44.9 n 44.0 T h 43.0 43.1 0 U S a n d S , 40.0 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 ' FISCAL SCHOOL LABOR NUMBER NUMBER UNEMPLOYMENT , YEAR POPULATION ENROLLMENT FORCE EMPLOYED UNEMPLOYED RATE 1991 43,000 11,679 24,470 23,130 1,340 5.5% ' 1992 43,090 11,954 25,480 23,680 1,800 7.1% 1993 43,470 11,988 25,590 23,780 1,810 7.1% ' 1994 43,970 11,984 25,490 23,940 1,550 6.1% 1995 44,890 12,173 26,220 24,720 1,500 5.7% 1996 45,170 12,333 26,860 25,410 1,450 5.4% ' 1997 45,920 12,277 28,190 27,150 1,040 3.7% 1998 46,270 12,532 28,990 28,010 980 3.4% 1999 47,620 12,500 29,537 28,513 1,024 3.5% 2000 48,270 12,443 29,370 28,300 1,070 3.6% Source: Population-State of Washington Office of Program Planning and Fiscal Management. , School Enrollment-Renton School District 403 Unemployment Rate-Employment Security Department,Labor Market and Economic Analysis Branch, Labor Market Information Center. 144 so CITY OF RENTON,WASHINGTON TABLE 13: MISCELLANEOUS STATISTICS DECEMBER 31,2000 (PAGE 1 OF 1) r WASHINGTON STATE Spokane* •Seattle *RENTON •Tacoma Olympia ri• •Vancouver • DATE OF INCORPORATION September 6,1901 TRAFFIC SIGNALS FORM OF GOVERNMENT Mayor-Council Number of Signalized Intersections 102 TYPE OF GOVERNMENT Non-Charter,Code City LOCATION 1 I Miles South of Seattle STREETS LAND AREA 16.90 Square Miles Miles of Streets and alleys 195.43 RANK IN SIZE-STATE OF WASHINGTON 13 RANK IN SIZE-KING COUNTY 5 UTILITY SERVICES POPULATION(Official April,2000) 48,270 Water: 2000 KC CERT OF ASSESSED VALUATION Total Customers 14,224 for the 2001 Tax Roll Year $4,545,321,019 Total Gallons of Water Produced 2,710,655,000 CITY EMPLOYEES(Actual Full Time Equivalents/FTE) 655.1 Number of Fire Hydrants 2,888 Miles of Water Main 268.7 ELECTION&VOTER REGISTRATION Number of Precincts 71 Sanitary Sewer: Number of Registered Voters(1/27/01) 27,148 Total Customers 13,472 FIRE PROTECTION Storm Drainage: Fire Rating(Washington Survey and Rating Bure 3 Number of Accounts 12,378 Number of Commissioned Fire Fighting Personn 105 Miles of Storm Sewers 180.9 r Number of Stations(includes Dist#25) 5 Total Fire Loss $2,876,515 LICENSE&PERMITS Number of Life Support Responses 5,714 Business Licenses 3,906 All Other Responses 2,181 Amusement Devices 182 Total Number of Responses 7,895 Special Permits(Peddler) 14 Animal Licenses(Dog and Cat) 1,791 POLICE PROTECTION Numberof Commissioned Police Personnel 83 AIRPORT Number of Calls for Services 45,744 Area in acres 167.21 Total Crimes Reported(Class I,11,111) 8,474 Feet of Asphaltic Concrete Runway 5,379 Traffic Accidents Investigated 1,696 Total Operations 131,274 All Other Traffic Violations 18,245 LIBRARY PARKS&RECREATION Libraries(Main and Highlands Branch) 2 Total Acreage 1,180 Total Registered Borrowers 34,858 Number of Parks and Playgrounds 28 Total Circulation 352,334 M 145 CITY OF RENTON,WASHINGTON , THIS PAGE INTENTIONALLY LEFT BLANK , 146 ,