HomeMy WebLinkAbout201009, September.pdfFINANCE AND
INFORMATION TECHNOLOGY
M E M O R A N D U M
DATE: November 9, 2010
TO: Don Persson, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Iwen Wang, FIT Administrator
SUBJECT: September 2010 Financial Status Report
At the end of September, general governmental revenues show $970k or 1.3% under budget.
This includes a $634k favorable property tax collection but otherwise almost all other revenue
categories are under performing. Unfortunately, the favorable property tax collection is a
temporary phenomenon from the surge of home sales triggered by the stimulus package, which
ended in April with closing of sales by June. Without the favorable property tax, revenues are
$1.6 million or 2.2% below budget.
For the year, we are expecting a total sales tax collection of $17.1 million, similar to what we
have collected in 2005. This is underperforming the budget by $1.5 million. Similarly we expect
gambling tax to underperform the budget by $498k; court fines by $129k; real estate excise tax
by $247k, and recreation fees by $155k. This is a combined $2.5 million of lower than expected
revenue in 2010, and it will also require us to lower our projections for 2011 and 2012.
On the expenditures’ side, other than a couple of minor exceptions, all departments are
conserving their spending and are showing favorable variances. Overall general governmental
funds are showing a 2.3% or $1.8 million savings. Part of the savings is due to the timing of
certain lump sum payments which are not due until the last quarter of the year, such as
principal payments on the City’s general obligation debts, banking fees, and voter
registration/election costs. In addition to the timing of disbursements, there is also a risk of
over expenditure in certain areas. One is the street light energy cost. Due to the amount
budgeted for 2010, it is below the actual cost in 2009 and a rate increase took effect earlier this
year, the amount budgeted for the street light is likely to be insufficient to cover the cost.
Another risk factor is the winter weather condition. Therefore, while we do expect some
expenditure savings this year, we project it will be less than the current level.
The attached report provides more detailed discussion of each revenue sources and our
updated projections for the year. Please do not hesitate to contact me at x6858 or Hai Nguyen
at x6952 should you have any questions or any suggestions about the report.
General Governmental Funds
$%
Beginning Fund Balance 13,300,854$ 13,300,854$ 11,816,561$ 11,816,561$ 11,955,285$ 11,955,285$ 11,955,285$ ‐$ 0.0%
OPERATING REVENUES
Property Tax 29,050,790 15,938,079 30,660,522 16,270,855 31,364,643 16,644,516 17,278,401 633,884 3.8%
Sales Tax 20,825,055 14,986,686 17,995,836 13,482,971 18,609,000 13,838,025 12,839,233 (998,792) ‐7.2%
Sales Tax ‐ Annexation Credit ‐ ‐ 2,132,110 1,599,195 2,248,000 1,686,118 1,511,240 (174,879) ‐10.4%
Criminal Justice Sa les Tax 1,755,469 1,285,439 1,650,350 1,235,194 1,743,000 1,304,537 1,210,827 (93,710) ‐7.2%
Natural Gas Use Tax 253,377 214,611 242,891 187,531 ‐ ‐ 184,158 184,158 100.0%
Admission Tax 197,740 149,716 260,269 189,020 260,000 188,824 217,864 29,040 15.4%
Franchise Fees 998,288 708,540 1,039,031 779,233 1,040,000 759,470 887,960 128,489 16.9%
Electricity Tax 4,580,037 3,433,195 4,963,151 3,774,422 5,150,000 3,916,518 3,748,337 (168,181) ‐4.3%
Gas Tax 1,565,810 1,218,663 1,891,255 1,556,491 1,858,000 1,529,123 1,200,941 (328,182) ‐21.5%
Transfer Station 380,961 264,743 283,985 181,928 230,000 147,344 192,341 44,997 30.5%
TV Cable 1,073,168 671,682 1,263,743 933,829 1,250,000 923,674 1,020,173 96,499 10.4%
Telephone 1,032,048 774,794 1,037,873 770,203 960,000 712,414 784,427 72,013 10.1%
Cellular Phone 1,748,147 1,302,918 2,027,473 1,464,120 1,900,000 1,372,067 1,679,973 307,906 22.4%
City Utilities 2,606,786 1,873,014 2,871,599 2,159,896 2,880,000 2,166,215 2,134,582 (31,633) ‐1.5%
Leasehold Excise Tax 190,644 133,112 146,002 103,819 100,000 71,108 103,100 31,992 45.0%
Gambling Excise Tax 2,157,029 1,639,458 2,141,720 1,680,291 2,000,000 1,569,104 1,178,752 (390,353) ‐24.9%
Real Estate Excise Tax 2,800,103 2,242,767 2,418,456 1,864,816 2,400,000 1,850,592 1,660,140 (190,452) ‐10.3%
Less: Municipal Facilities CIP REET (450,103) (89,268) (1,000,000) (901,546) (400,000) (360,618) (278,956) 81,662 ‐22.6%
EMS Levy 890,998 555,476 1,170,657 780,438 897,095 580,473 580,473 ‐ 0.0%
Business License Fees 485,537 365,317 424,413 317,551 463,067 346,473 323,771 (22,702) ‐6.6%
Other Licenses and Permits 257,477 200,508 176,851 112,597 157,250 100,117 172,927 72,810 72.7%
Building Permits 2,034,225 1,564,709 1,683,082 1,253,736 1,766,059 1,315,545 1,265,262 (50,283) ‐3.8%
Intergovernmental (Grants, etc)3,734,887 2,117,875 3,820,932 2,905,826 4,507,080 3,109,861 3,109,861 ‐ 0.0%
Fire District 25 and 40 Contracts 5,013,549 2,495,262 5,869,198 3,050,973 5,554,723 2,760,463 2,760,463 ‐ 0.0%
Records, Duplicating, and Passport Fees 176,950 141,820 187,721 130,212 217,585 150,926 153,568 2,642 1.8%
Public Safety 524,565 393,811 521,484 400,944 430,000 330,606 345,457 14,851 4.5%
Development Service Fees 903,768 704,862 677,955 441,579 869,683 566,459 652,547 86,087 15.2%
Culture and Recreation 1,678,818 1,469,406 1,631,486 1,416,222 1,572,240 1,364,793 1,230,246 (134,547) ‐9.9%
Interfund/Interdept‐Services 3,072,950 2,142,917 3,225,745 2,404,679 3,335,677 2,486,629 2,409,695 (76,934) ‐3.1%
Fines and Forfeits 1,057,797 796,220 1,349,034 934,774 1,196,500 829,080 887,790 58,711 7.1%
Photo Enforcement 803,111 140,193 2,368,131 1,733,511 2,250,000 1,647,038 1,398,367 (248,670) ‐15.1%
Seizure Funds ‐ Federal/State/Local 250,065 127,710 99,844 88,550 130,693 115,910 214,093 98,183 84.7%
Interests and Other Earnings 735,910 582,432 535,314 444,212 434,300 360,389 256,261 (104,128) ‐28.9%
Rents, Leases, and Concessions 676,919 573,662 677,960 572,197 720,780 608,337 624,556 16,219 2.7%
Contributions and Donations 175,513 135,599 150,406 105,770 111,900 78,691 129,101 50,410 64.1%
Other Miscellaneous 67,355 65,167 168,567 64,195 111,000 42,272 75,076 32,804 77.6%
Refunding Debt and Premiums ‐ ‐ ‐ ‐ 6,613,483 6,613,484 6,613,484 ‐ 0.0%
Transfer‐In 381,364 66,541 577,004 517,174 652,398 652,398 652,398 ‐ 0.0%
Total Operating Revenues 93,687,106 61,387,634 97,342,052 65,007,407 105,584,156 72,378,976 71,408,888 (970,088) ‐1.3%
OPERATING EXPENDITURES
Legislative 245,441 186,779 247,225 185,509 267,957 202,484 195,351 7,134 3.5%
City Attorney 1,661,225 1,242,278 1,248,380 991,911 1,621,295 1,244,938 1,190,659 54,279 4.4%
City Clerk 604,844 465,402 646,581 506,612 931,014 723,142 553,461 169,681 23.5%
Court Services 1,744,122 1,281,734 1,819,731 1,385,015 2,016,361 1,508,796 1,510,390 (1,594) ‐0.1%
Executive 966,373 719,511 1,499,747 1,129,362 1,635,047 1,225,810 1,198,078 27,732 2.3%
Hearing Examiner 166,820 124,448 171,911 129,549 200,440 150,299 131,145 19,154 12.7%
Community and Eco Dvlpmnt Admin ‐ ‐ 265,269 201,954 646,149 491,924 485,487 6,437 1.3%
Development Services 4,178,096 3,043,819 3,615,129 2,758,545 3,035,683 2,316,395 2,190,601 125,794 5.4%
Economic Development 1,875,749 1,420,765 1,244,175 938,697 1,383,047 1,045,938 979,958 65,980 6.3%
Planning ‐ ‐ 1,525,460 1,063,227 1,834,707 1,376,030 1,382,178 (6,148) ‐0.4%
Finance 1,909,652 1,441,387 1,969,936 1,606,583 2,164,890 1,700,830 1,420,711 280,119 16.5%
Human Resources 981,306 765,074 853,063 628,205 918,169 697,388 650,356 47,031 6.7%
Police 23,894,898 17,379,069 25,833,756 19,107,511 28,022,582 20,560,543 20,577,677 (17,134) ‐0.1%
Fire 21,763,640 15,983,564 20,375,286 15,520,022 21,922,009 16,389,168 16,288,868 100,299 0.6%
Community Services Admin1 1,078,884 833,509 4,549,381 3,364,401 958,648 715,019 958,648 (243,629) ‐34.1%
Facilities 3,614,850 2,650,413 ‐ (242) ‐ ‐ ‐ ‐ 0.0%
Parks 4,892,441 3,650,861 4,820,336 3,655,961 4,584,001 3,448,496 3,146,420 302,076 8.8%
Parks Planning & Natural Resources ‐ ‐ ‐ ‐ 545,943 409,457 324,354 85,103 20.8%
Recreation 3,304,279 2,437,831 3,329,077 2,535,017 4,028,463 3,020,030 2,809,144 210,886 7.0%
Human Services 1,162,553 777,787 1,194,142 779,704 1,406,586 929,584 885,635 43,949 4.7%
Community Resources & Events 367,627 242,463 348,185 232,059 375,694 249,053 234,491 14,562 5.8%
Library 1,890,886 1,406,094 2,312,128 1,528,243 2,607,263 1,721,320 1,721,320 ‐ 0.0%
Museum 136,327 104,630 140,801 107,186 194,120 148,371 143,470 4,900 3.3%
Public Works Administration 886,867 702,070 463,533 356,916 518,399 406,529 389,451 17,079 4.2%
Street Maintenance 3,212,111 2,272,143 3,794,716 2,923,998 3,385,704 2,510,779 2,519,173 (8,394) ‐0.3%
Technical Services 515,708 372,357 478,493 353,556 ‐ ‐ ‐ ‐ 0.0%
Transportation 4,841,955 3,452,225 5,110,639 3,840,186 5,164,058 3,880,325 3,793,849 86,476 2.2%
Debt Service 4,263,739 1,049,799 4,176,822 975,339 4,494,945 1,303,814 1,303,814 ‐ 0.0%
Payment of LTGO Refunding Debt ‐ ‐ ‐ ‐ 6,613,194 6,613,194 6,613,194 ‐ 0.0%
Non‐Departmental and Other 5,011,007 3,405,495 5,169,426 2,971,608 4,817,981 3,018,021 2,585,718 432,303 14.3%
Total Operating Expenditures 95,171,399 67,411,506 97,203,328 69,776,635 106,294,348 78,007,680 76,183,602 1,824,078 2.3%
Total Ending Fund Balance 11,816,561$ 7,276,982$ 11,955,285$ 7,047,333$ 11,245,093$ 6,326,581$ 7,180,571$ 853,990 13.5%
1Facilities was included in Community Services Admin in 2009
Favorable (Unfavorable)
2008 2009 2010 Variance
Annual Actual YTD Actual Annual Budget YTD Budget YTD ActualSummary of Sources and Uses Annual Actual YTD Actual
Monthly Financial Report September 2010
Page 1 of 35
Monthly Financial Report September 2010
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through September 30, 2010. Except as
noted, year‐to‐date budgeted revenues and operating expenditures are generally based on the collection/disbursement
patterns for the same period of the preceding year. The table on the previous page summarizes the general governmental
fund revenues and expenditures.
Revenues
Taxes
The combined collection of property tax, sales/use tax, utility tax, gambling, admissions, and real estate excise tax
represents 66% of all resources supporting general governmental activities. The following section provides detail
information on property, sales, utility, and other taxes.
Property Tax
September’s collection is $492k,
making the total year‐to‐date
collection $17.3 million or 55% of
the total budget. In comparison to
the previous year, the City collected
$1 million or 6% higher. Compared
to the budget, the City is above
projections by $634k or 4%. Based
on distribution we have received in
September, we are projecting
property tax collections to meet the
projections at year end.
Sales Tax
September 2010 sales tax receipts
totaled $1.4 million. Compared to the
same month last year, it is $46k or 3%
less. Compared to the projected
current month’s budget, it is below
projections by $165k or 10%. The year‐
to‐date collection is $12.8 million or
69% of the sales tax budget. This is
$644k less than last year and $999k
below budget. Based on the year‐to‐
date collection, the City is projecting
sales tax revenues to be $17.1 million
by the end of 2010, which is $1.5
million or 8% under budget.
2009 2010 2010
Actual Budget Actual $ % $ %
Jan 9,419$ 9,635$ 51,304$ 41,885$ 445% 41,669$ 432%
Feb 303,513 310,483 438,210 134,696 44% 127,727 41%
Mar 647,845 662,723 547,632 (100,213) ‐15% (115,091) ‐17%
Apr 8,063,214 8,248,386 6,660,829 (1,402,385) ‐17% (1,587,557) ‐19%
May 6,711,943 6,866,083 8,736,691 2,024,747 30% 1,870,608 27%
Jun 113,279 115,881 114,982 1,703 2% (899) ‐1%
Jul 104,757 107,163 87,952 (16,805) ‐16% (19,211) ‐18%
Aug 66,589 68,118 149,160 82,571 124% 81,042 119%
Sep 250,296 256,044 491,642 241,346 96% 235,598 92%
Oct 5,770,027 5,902,536
Nov 8,275,695 8,465,747
Dec 343,945 351,844
YTD Total 16,270,855$ 16,644,516$ 17,278,401$ 1,007,546$ 6% 633,885$ 4%
Annual Total 30,660,522$ 31,364,643$
Property Tax Revenues
Year to Date through September
2010 vs. 2009 2010 vs. Budget
Month
2009 2010 2010
Actual Budget Actual $ % $ %
Jan 1,458,072$ 1,459,527$ 1,289,364$ (168,709)$ ‐12% (170,163)$ ‐12%
Feb 1,863,430 1,834,595 1,728,588 (134,842) ‐7% (106,007) ‐6%
Mar 1,461,007 1,324,674 1,289,589 (171,418) ‐12% (35,085) ‐3%
Apr 1,398,021 1,367,908 1,461,123 63,103 5% 93,215 7%
May 1,490,778 1,603,693 1,499,335 8,557 1% (104,359) ‐7%
Jun 1,361,808 1,464,336 1,382,049 20,241 1% (82,288) ‐6%
Jul 1,443,891 1,547,213 1,309,429 (134,462) ‐9% (237,785) ‐15%
Aug 1,551,415 1,662,544 1,470,881 (80,535) ‐5% (191,663) ‐12%
Sep 1,454,550 1,573,534 1,408,876 (45,674) ‐3% (164,658) ‐10%
Oct 1,560,217 1,610,574 ‐
Nov 1,440,143 1,636,255 ‐
Dec 1,512,506 1,524,146 ‐
YTD Total 13,482,971$ 13,838,025$ 12,839,233$ (643,738)$ ‐5% (998,792)$ ‐7%
Annual Total 17,995,836$ 18,609,000$
2010 vs. Budget2010 vs. 2009
Month
Year to Date through September
Local Retail Sales Tax Revenues
Page 2 of 35
Monthly Financial Report September 2010
The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business
sectors:
Sales Tax by Sector 2008 2009 2010 Bgt YTD Act Chg 10/09 10Act vs Bgt
New Construction 3,685,096$ 2,234,625$ 2,082,429$ 1,688,853$ (545,772)$ ‐24% $ (393,576)‐19%
Auto Sales 2,771,549 2,350,239 2,530,463 2,255,951 (94,288) ‐4% (274,512)‐11%
General Retail 4,537,157 4,395,455 4,509,919 4,491,027 95,572 2% (18,892) 0%
Manufacturing 805,376 753,647 716,339 559,580 (194,066) ‐26% (156,759)‐22%
Wholesale 874,539 713,751 747,430 693,099 (20,652) ‐3% (54,331)‐7%
Service 2,930,800 2,691,626 2,833,023 2,751,068 59,442 2% (81,956)‐3%
Other 308,960 343,628 418,421 399,655 56,027 16% (18,766)‐4%
Total 15,913,476$ 13,482,971$ 13,838,025$ 12,839,233$ (643,738) ‐5%(998,792)$ ‐7%
Note: Excludes Annexation Credit and Criminal Justice Sales Tax revenue.
Utility tax
September utility tax revenues are $1.1
million, which is $14k or 1% higher than
the same month last year and ahead of
the budget by $40k or 4%. The year‐to‐
date collection of $10.9 million is above
the budget by $184k or 2% but is $83k
or 1% below 2009. The unfavorable
comparisons in January and February
are primarily due to higher than normal
electrical and natural gas consumptions
during winter months in 2009 that
distorted the budget for these two
months. At this time, the City is
projecting utility tax revenues to meet
our 2010 budget by year‐end.
The table below breaks out Utility Tax by source, the lower amount generated from Natural Gas is due to warmer
temperatures in the 1st quarter of 2010 than 2009:
Utility Tax by Type 2008 2009 2010 Bgt YTD Act Chg 10/09 10Act
vs Bgt
Electrical 3,433,195 3,774,422 3,894,972 3,748,337 ‐1%‐4%
Natural Gas 1,433,274 1,744,023 1,405,215 1,385,099 ‐21%‐1%
Cell 1,302,918 1,464,120 1,436,980 1,679,973 15% 17%
Phone 774,794 770,203 726,053 784,427 2% 8%
Cable 671,682 933,829 945,382 1,020,173 9% 8%
Transfer Station 264,743 181,928 173,950 192,341 6% 11%
City Utilities 1,873,014 2,159,896 2,178,159 2,134,582 ‐1%‐2%
YTD Total 9,753,620 11,028,421 10,760,711 10,944,931 ‐1% 2%
Annual Total 13,240,334 14,581,971 14,228,000
YTD as % of 74% 76% 76%
2009 2010 2010
Actual Budget Actual $ % $ %
Jan 1,413,641$ 1,379,325$ 1,282,930$ (130,711)$ ‐9% (96,395)$ ‐7%
Feb 1,485,870 1,449,801 1,354,933 (130,936) ‐9% (94,868) ‐7%
Mar 1,251,275 1,220,901 1,295,732 44,457 4% 74,831 6%
Apr 1,204,619 1,175,377 1,260,110 55,491 5% 84,733 7%
May 1,322,947 1,290,833 1,231,700 (91,247) ‐7% (59,133) ‐5%
Jun 1,070,303 1,044,322 1,165,188 94,885 9% 120,866 12%
Jul 1,010,609 986,077 1,140,413 129,803 13% 154,335 16%
Aug 1,201,122 1,171,965 1,131,693 (69,429) ‐6% (40,272) ‐3%
Sep 1,068,035 1,042,109 1,082,231 14,197 1% 40,123 4%
Oct 1,079,380 1,053,179
Nov 1,090,897 1,064,416
Dec 1,383,272 1,349,694
YTD Total 11,028,421$ 10,760,711$ 10,944,931$ (83,490)$ ‐1% 184,220$ 2%
Annual Total 14,581,971$ 14,228,000$
2010 vs. Budget2010 vs. 2009
Year to Date through September
Utility Tax Revenues
Month
Page 3 of 35
Monthly Financial Report September 2010
Other Taxes
Real Estate Excise Tax
The City collected $123k in Real Estate
Excise Tax revenues (REET) in September.
This is $83k or 40% below current
month’s budget and $85k or 41% behind
the same month last year. Year‐to‐date
collection of $1.7 million is $190k or 10%
behind the budget and is also $205k or
11% below 2009.
Almost all REET in recent months are
generated from residential property
transactions. The activities appear to be
smaller in amount but steady in volume.
We hope this trend will continue and not
stop once the federal stimulus incentive
expires.
Gambling Tax
September’s Gambling Tax
collections total $105k. Year‐to‐
date total of $1.2 million is $502k
or 30% below the year before; and
$390k or 25% below budget.
The lower tax collection is due to
cross‐the‐board reduction in
gambling activities. Pull tabs
overall reduced by 33%, partially
due to the change in business at
Cascade Lanes; and card‐rooms are
seeing 34% lower in activities.
Because of these changes, the City
is anticipating around $498k less in
gambling tax revenue collection
than budgeted by the end of the year.
Franchise Fees
Franchise Fees are due quarterly
and the year‐to‐date revenue
collections are $888k. This is
$153k or 17% above the projected
year‐to‐date budget and $109k or
14% higher than 2009. 2009’s May
collection should have been
recorded in April. The City is
projecting franchise fees to meet
the 2010 budget.
2009 2010 2010
Actual Budget Actual $ % $ %
Jan 231,334$ 229,560$ 71,303$ (160,031)$ ‐69% (158,257)$ ‐69%
Feb 69,290 68,760 107,242 37,952 55% 38,482 56%
Mar 183,177 181,800 309,164 125,987 69% 127,364 70%
Apr 141,038 139,944 281,746 140,708 100% 141,802 101%
May 308,077 305,736 216,814 (91,262) ‐30% (88,922) ‐29%
Jun 211,295 209,688 191,741 (19,554) ‐9% (17,947) ‐9%
Jul 201,960 200,400 149,706 (52,253) ‐26% (50,694) ‐25%
Aug 310,599 308,232 209,369 (101,230) ‐33% (98,863) ‐32%
Sep 208,046 206,472 123,054 (84,992) ‐41% (83,418) ‐40%
Oct 209,975 208,368
Nov 222,052 220,344
Dec 121,614 120,696
YTD Total 1,864,816$ 1,850,592$ 1,660,140$ (204,676)$ ‐11% (190,452)$ ‐10%
Annual Total 2,418,456$ 2,400,000$
Real Estate Excise Tax Revenues
Year to Date through September
Month
2010 vs. Budget2010 vs. 2009
2009 2010 2010
Actual Budget Actual $ % $ %
Jan 7,691$ 186,179$ 135,608$ 127,917$ 1663% (50,571)$ ‐27%
Feb 391,054 186,179 137,736 (253,317) ‐65% (48,443) ‐26%
Mar 171,097 159,776 63,054 (108,044) ‐63% (96,722) ‐61%
Apr 177,856 166,087 196,085 18,229 10% 29,998 18%
May 178,840 167,006 133,979 (44,861) ‐25% (33,027) ‐20%
Jun 186,920 174,551 142,790 (44,130) ‐24% (31,762) ‐18%
Jul 182,851 170,752 125,614 (57,237) ‐31% (45,138) ‐26%
Aug 210,237 196,325 138,563 (71,673) ‐34% (57,762) ‐29%
Sep 173,745 162,248 105,323 (68,423) ‐39% (56,926) ‐35%
Oct 176,490 164,811 ‐
Nov 146,960 137,236 ‐
Dec 137,979 128,849 ‐
YTD Total 1,680,291$ 1,569,104$ 1,178,752$ (501,540)$ ‐30% (390,353)$ ‐25%
Annual Total 2,141,720$ 2,000,000$
Gambling Tax Revenue
Month
Year to Date through September
2010 vs. 2009 2010 vs. Budget
2009 2010 2010
Actual Budget Actual $ % $ %
Jan 259,792$ 255,537$ 45,703$ (214,089)$ ‐82% (209,834)$ ‐82%
Feb 200 102 274,776 274,576 137288% 274,674 269037%
Mar ‐ ‐ ‐
Apr ‐ 102,746 274,268 274,268 100% 171,521 167%
May 258,593 132,005 ‐ (258,593) (132,005)
Jun ‐ ‐ ‐
Jul 260,647 244,359 286,523 25,876 10% 42,164 17%
Aug ‐ ‐ 6,691 6,691 100% 6,691 100%
Sep ‐ 24,721 ‐
Oct 259,798 258,846 ‐
Nov ‐ ‐ ‐
Dec ‐ 21,683 ‐
YTD Total 779,233$ 759,470$ 887,960$ 108,727$ 14% 153,210$ 17%
Annual Total 1,039,031$ 1,040,000$
Franchise Fees Revenue
Year to Date through September
Month
2010 vs. 2009 2010 vs. Budget
Page 4 of 35
Monthly Financial Report September 2010
Admission Tax
Admission Tax returns are due
quarterly in January, April, July,
and October each year. July 2010
collections represent activities
conducted during the 2nd quarter
of 2010.
The report shows an increase of
$29k or 15% from the year before
and $26k or 13% more than
anticipated.
Licenses and Permits
These revenue sources reflect the collection of business licenses; building permits; and other licenses, fees, and permits.
Building Permit Fees and General Business Licenses constitute 82% of the revenue in this category. As of the end of
September, we have collected 74% of the projected revenue from licenses and permits. Licenses and Permits totaled $1.8
million by the end of September, which is $3k more than the budget. The following sections provide detail information for
Building Permits and Business Licenses revenues.
Building Permits and Fees revenues
totaled $107k in September. The revenue
swing between the high in January and
the low in February is primarily
attributable to the rush of getting permits
completed prior to the new school impact
fees taking effect. The year‐to‐date
development fees revenue of $1.1 million
is $52k or 4% less than the budget but is
$30k or 3% higher than 2009. The City is
projecting building permits and fees to be
under the 2010 budget by $70k.
Business Licenses totaled $324k since the start of
the year, which is 2% above last year but 7%
below budget. The month by month comparison
is not representative due to the payment timing
shift of employers. The General Fund portion of
the Business Licenses revenue is under the
budget by $23k but $6k above last year.
2009 2010 2010
Actual Budget Actual $ % $ %
Jan 57,167$ 58,965$ 74,777$ 17,610$ 31% 15,811$ 27%
Feb ‐ ‐ 459 459 100% 459 100%
Apr 61,163 63,415 66,119 4,956 8% 2,704 4%
Jul 70,690 69,911 76,024 5,334 8% 6,114 9%
Aug ‐ ‐ 485 485 100% 485 100%
Oct 70,729 67,414 ‐
Nov 520 295 ‐
YTD Total 189,020$ 192,291$ 217,864$ 28,844$ 15% 25,573$ 13%
Annual Total 260,269$ 260,000$
Year to Da te through September
Month
2010 vs. 2009 2010 vs. Budget
Admission Tax Revenue
2009 2010 2010
Actual Budget Actual $ % $ %
Jan 106,633$ 114,591$ 285,826$ 179,192$ 168% 171,234$ 149%
Feb 124,555 133,851 46,586 (77,969) ‐63% (87,265) ‐65%
Mar 179,330 192,714 82,637 (96,693) ‐54% (110,076) ‐57%
Apr 114,694 123,254 122,217 7,522 7% (1,037) ‐1%
May 125,344 134,698 102,511 (22,833) ‐18% (32,187) ‐24%
Jun 131,705 141,534 135,295 3,591 3% (6,238) ‐4%
Jul 106,810 114,781 137,367 30,557 29% 22,585 20%
Aug 119,439 128,352 121,011 1,573 1% (7,341) ‐6%
Sep 101,087 108,631 106,602 5,515 5% (2,029) ‐2%
Oct 131,899 141,742 ‐
Nov 82,516 88,674 ‐
Dec 169,581 182,237 ‐
YTD Total 1,109,598$ 1,192,406$ 1,140,052$ 30,454$ 3% (52,354)$ ‐4%
Annual Total 1,493,593$ 1,605,059$
Building Permits and Fees
Year to Date through September
2010 vs. Budget2010 vs. 2009
Month
2009 2010 2010
Actual Budget Actual $ % $ %
Jan 81,835$ 89,289$ 77,955$ (3,880)$ ‐5% (11,334)$ ‐13%
Feb 30,180 32,929 33,440 3,260 11% 511 2%
Mar 6,337 6,914 5,687 (650) ‐10% (1,228) ‐18%
Apr 73,055 79,709 77,964 4,908 7% (1,746) ‐2%
May 14,185 15,477 21,558 7,373 52% 6,081 39%
Jun 9,352 10,204 4,709 (4,643) ‐50% (5,495) ‐54%
Jul 80,579 87,918 83,201 2,622 3% (4,717) ‐5%
Aug 20,280 22,127 14,782 (5,498) ‐27% (7,345) ‐33%
Sep 1,746 1,905 4,475 2,729 156% 2,570 135%
Oct 84,002 91,653 ‐
Nov 18,937 20,662 ‐
Dec 3,922 4,279 ‐
YTD Total 317,551$ 346,473$ 323,771$ 6,220$ 2% (22,702)$ ‐7%
Annual Total 424,413$ 463,067$
Business Licenses
Month
Year to Date through September
2010 vs. Budget2010 vs. 2009
Page 5 of 35
Monthly Financial Report September 2010
Intergovernmental
These revenue sources include
federal (direct and indirect)
grants, state grants, state
shared revenues, local grants,
and entitlements. State shared
revenues and Fire Districts’ 25
and 40 contracts compose 83%
of the total revenues in this
category. The year‐to‐date
total Intergovernmental
revenue is $7 million or 60% of
the budget. All grant revenues also have corresponding expenditures which have been added to the City’s budget through
the 2010 carry forward and 2nd Quarter budget adjustment.
State Shared Revenue collections
totaled $3.1 million since the start of
2010. Compared to the projected
budget, State Shared Revenues are
above by $72k or 2%. Compared to
the prior year, the City is collecting
$79k more or up by 3%. The actual
collection that lags budget is
primarily due to the reduced criminal
justice sales tax (King County
countywide sales tax decrease).
Based on the collections so far, the
City is projecting State Shared
Revenues to meet the 2010 budget.
Charges for Services
These revenue sources consist of general government, public safety, plan review and inspection, culture and recreation,
and interfund/interdepartmental‐sales and services. Culture, recreation, interfund/interdepartmental‐sales and services
constitute 76% of the total revenue in this category. The year‐to‐date total charges for services are $4.8 million or 75% of
the budget. This is 2% below budget projections. The following sections provide detail information for Plan Review with
Inspection Fees, Recreation, and Interfund Services.
Plan Review and Inspection fees are $648k since
the start of the year. Compared to the budget,
the City is collecting $93k or 15% more than
anticipated revenue. Compared to the prior
year, the City is collecting $209k or 48% more.
The large increase in July is due to a payment
related to an environmental impact statement.
The City is projecting plan review and inspection
fees to exceed the 2010 budget.
Intergovernmental 2008 2009 2010 Bgt YTD Act Chg 10/09 10Act
vs Bgt
Fire District #25 775,262 681,675 810,735 810,735 19% 0%
Fire District #40 1,720,000 2,369,298 1,949,728 1,949,728 ‐18% 0%
State Shared Revenue 2,722,525 2,979,753 2,986,737 3,058,779 3% 2%
Federal Grants 507,044 301,153 429,021 429,021 42% 0%
State Grants 17,996 166,530 178,923 178,923 7% 0%
Other Grants 155,749 693,583 176,290 176,290 ‐75% 0%
ARRA Grants ‐ ‐ 430,913 430,913 100% 0%
Total Rev YTD 5,898,576 7,191,992 6,962,345 7,034,387 ‐2% 1%
Total Rev Annual 10,503,905 11,340,480 11,804,803
YTD % 56% 63% 59% 60%
Note: Includes CJ Sales Tax.
2009 2010 2010
Actual Budget Actual $ % $ %
Crim Just Sales Tax 1,235,194$ 1,304,537$ 1,210,827$ (24,367)$ ‐2% (93,710)$ ‐7%
Judicial Contribution 23,918 9,628 22,868 (1,050)$ ‐4% 13,240 138%
Crim Just ‐ Pop 13,209 ‐ 14,038 829 6% 14,038 100%
Crim Just ‐ Spec Prog 50,510 49,090 53,236 2,726 5% 4,147 8%
State DUI 11,244 6,111 11,787 543 5% 5,676 93%
Liquor Profits 447,317 472,347 514,215 66,898 15% 41,868 9%
Liquor Excise Tax 298,300 305,224 313,158 14,859 5% 7,934 3%
Fuel Tax 900,061 839,800 918,650 18,589 2% 78,850 9%
YTD Total 2,979,753$ 2,986,737$ 3,058,779$ 79,026$ 3% 72,042$ 2%
Annual Total 3,986,791$ 3,988,931$
State Shared Revenues
2010 vs. 2009
Revenue
Year to Date through September
2010 vs. Budget
2009 2010 2010
Actual Budget Actual $ % $ %
Jan 35,851$ 46,164$ 98,294$ 62,443$ 174% 52,130$ 113%
Feb 45,883 59,082 41,012 (4,871) ‐11% (18,070) ‐31%
Mar 86,425 111,287 64,399 (22,026) ‐25% (46,888) ‐42%
Apr 27,659 35,615 45,065 17,406 63% 9,449 27%
May 58,715 75,606 103,250 44,534 76% 27,644 37%
Jun 43,085 55,479 60,642 17,557 41% 5,163 9%
Jul 61,541 79,245 162,517 100,977 164% 83,273 105%
Aug 43,348 55,817 38,649 (4,698) ‐11% (17,168) ‐31%
Sep 36,509 47,012 34,245 (2,264) ‐6% (12,767) ‐27%
Oct 67,095 86,397 ‐
Nov 59,883 77,110 ‐
Dec 109,397 140,867 ‐
YTD Total 439,015$ 565,308$ 648,073$ 209,058$ 48% 82,765$ 15%
Annual Total 675,391$ 869,683$
Month
2010 vs. 2009 2010 vs. Budget
Year to Date through September
Plan Review / Inspection
Page 6 of 35
Monthly Financial Report September 2010
Recreation revenues totaled $1.2 million
since the start of the year. Compared to
the projected monthly budget, the City
collected $7k or 6% less. Compared to the
same month the prior year, the City
collected $11k or 9% less. Based on the
current month’s collection, the City is
projecting Recreation revenues to be
under the budget projection for 2010 by
$155k.
The year‐to‐date collections for Interfund
Service revenues are $2.4 million.
Compared to the projected budget, the
revenues are below by $77k or down by 3%.
Compared to the prior year, the revenues
are over by $5k. Interfund Services is
projected to be slightly under the budget
projection for 2010.
Fines and Penalties
These revenue sources contain civil
(penalties, infractions, and parking),
criminal (traffic, non‐traffic, and costs),
and non‐court fines, forfeitures, and
penalties. The table below breaks down
these fines by type. The year‐to‐date
total fines and penalties is $2.5 million.
This is $258k or 9% lower than a year
ago and $93k or 4% under budget. This
difference also includes $98k higher
than budgeted Seizure Funds received
this year. The use of Seizure Funds is
restricted to drug enforcement only and
not available for general operating
purposes. Backing out this amount, we
are currently $191k or 7% below budget
in Fines and Penalties and we expect to
be $200k below budget at the end of the year. The projected shortfall is primarily due to substantial declines in the photo
2009 2010 2010
Actual Budget Actual $ % $ %
Jan 65,409$ 63,034$ 62,673$ (2,736)$ ‐4% (361)$ ‐1%
Feb 72,988 70,337 64,915 (8,072) ‐11% (5,422) ‐8%
Mar 81,034 78,092 99,100 18,065 22% 21,008 27%
Apr 141,783 136,635 152,452 10,669 8% 15,818 12%
May 145,050 139,783 83,760 (61,290) ‐42% (56,023) ‐40%
Jun 154,237 148,636 193,082 38,844 25% 44,445 30%
Jul 429,059 413,478 280,956 (148,103) ‐35% (132,523) ‐32%
Aug 203,222 195,842 181,356 (21,866) ‐11% (14,486) ‐7%
Sep 123,439 118,956 111,952 (11,486) ‐9% (7,004) ‐6%
Oct 79,452 76,566 ‐
Nov 61,971 59,720 ‐
Dec 73,842 71,161 ‐
YTD Total 1,416,222$ 1,364,793$ 1,230,246$ (185,976)$ ‐13% (134,547)$ ‐10%
Annual Total 1,631,486$ 1,572,240$
Recreation
Year to Date through September
2010 vs. 2009
Month
2010 vs. Budget
2009 2010 2010
Actual Budget Actual $ % $ %
Jan 253,147$ 261,774$ 242,658$ (10,489)$ ‐4% (19,116)$ ‐7%
Feb 243,496 251,795 273,674 30,178 12% 21,880 9%
Mar 286,921 296,700 249,758 (37,163) ‐13% (46,942) ‐16%
Apr 280,094 289,640 348,019 67,925 24% 58,379 20%
May 282,056 291,668 269,154 (12,902) ‐5% (22,515) ‐8%
Jun 270,778 280,006 275,850 5,072 2% (4,156) ‐1%
Jul 263,897 272,891 263,285 (612) 0% (9,606) ‐4%
Aug 258,386 267,191 248,584 (9,801) ‐4% (18,607) ‐7%
Sep 265,902 274,964 238,713 (27,189) ‐10% (36,251) ‐13%
Oct 266,313 275,389 ‐
Nov 281,154 290,736 ‐
Dec 273,599 282,923 ‐
YTD Total 2,404,679$ 2,486,629$ 2,409,695$ 5,017$ 0% (76,934)$ ‐3%
Annual Total 3,225,745$ 3,335,677$
Interfund Services
Year to Date through September
2010 vs. 2009 2010 vs. Budget
Month
2009 2010 2010
Actual Budget Actual $ % $ %
Jan 280,849$ 260,504$ 239,080$ (41,769)$ ‐15% (21,424)$ ‐8%
Feb 285,126 273,615 228,332 (56,794) ‐20% (45,283) ‐17%
Mar 370,244 346,368 279,311 (90,933) ‐25% (67,057) ‐19%
Apr 331,546 308,110 294,612 (36,934) ‐11% (13,498) ‐4%
May 310,888 288,772 276,543 (34,345) ‐11% (12,229) ‐4%
Jun 330,829 308,278 373,623 42,794 13% 65,345 21%
Jul 321,486 320,479 256,225 (65,261) ‐20% (64,254) ‐20%
Aug 256,668 236,769 319,267 62,598 24% 82,497 35%
Sep 269,199 248,930 231,632 (37,567) ‐14% (17,298) ‐7%
Oct 318,272 297,259 ‐
Nov 368,928 345,541 ‐
Dec 372,972 342,568 ‐
YTD Total 2,756,835$ 2,591,825$ 2,498,625$ (258,210)$ ‐9% (93,199)$ ‐4%
Annual Total 3,817,008$ 3,577,193$
2010 vs. Budget2010 vs. 2009
Year to Date through September
Fines and Penalties by Month
Month
Page 7 of 35
Monthly Financial Report September 2010
enforcement fines, which we expect to continue. The decline is due to driver behavior changes in the areas with photo
enforcement programs and is consistent with the experience of other jurisdictions. These factors contributed to the
reduction in photo enforcement revenue by 15% in August and 42% in September when compared with the same periods in
2009.
Year to Date through September
2009 2010 2010
Actual Budget Actual $ % $ %
Civil Penalties 12,190$ 10,439$ 11,547$ (643)$ ‐5% 1,108$ 11%
Civil Infraction Penalties 575,999 522,899 589,342 13,343 2% 66,443 13%
Civil Parking Infraction Penalties 119,889 102,685 105,746 (14,143) ‐12% 3,061 3%
Photo Enforcement Program 1,733,511 1,647,038 1,398,367 (335,144) ‐19% (248,670) ‐15%
Criminal Traffic Misdemeanor Fines 74,181 59,252 68,361 (5,819) ‐8% 9,109 15%
Criminal Non‐Traffic Fines 34,481 32,093 26,886 (7,595) ‐22% (5,208) ‐16%
Criminal Costs 76,937 66,028 72,983 (3,954) ‐5% 6,955 11%
Seizure Funds ‐ Federal/State/Local 88,550 115,910 214,093 125,542 142% 98,183 85%
Non‐Court Fines, Forfeitures and Penalties 41,097 35,481 11,301 (29,796) ‐73% (24,180) ‐68%
YTD Total 2,756,835$ 2,591,825$ 2,498,625$ (258,210)$ ‐9% (93,199)$ ‐4%
Annual Total 3,817,008$ 3,577,193$
2010 vs. 2009
Revenue
2010 vs. Budget
Fines and Penalties by Type
Included in the Fines and Penalties revenue budget
is $2.3 million from the Photo Enforcement
program. The budget was based on the prior year’s
revenue. The year‐to‐date collections from this
program equates to $1.4 million. The associated
costs includes the equipment provided by American
Traffic Solutions Inc (ATS), we are also dedicating 2
FTEs in the Court Division to process the increased
caseload and 1.1 FTEs in the Police Department for
support services. These staff’s time along with a
90% pro tem budget and interpreter costs amounts
to $362k for personnel costs. The total costs for the
program equates to $842k which is represented in
the table.
Miscellaneous
This revenue source reflects the collection
of interest and other earnings, rents,
leases, and concessions, contributions, and
donations from private sources, and other
miscellaneous revenues. Interest and
other earnings along with rents, leases, and
concessions constitute 81% of the total
revenue in this category. The year‐to‐date
total miscellaneous is $1.1 million.
Compared to the projected year‐to‐date
budget, the revenues are under by $5k.
Favorable
Budget Actual Budget Actual (Unfavorable)
1
Jan 173,461$ 187,281$ 70,097$ 71,970$ 115,311$
Feb 166,708 135,565 69,919 72,434 63,131
Mar 245,529 172,250 69,697 71,970 100,280
Apr 209,106 162,520 70,260 50,102 112,418
May 192,106 156,204 70,181 67,891 88,313
Jun 223,152 217,862 69,786 67,880 149,982
Jul 143,538 146,429 69,991 68,261 78,167
Aug 143,576 128,118 69,525 53,540 74,577
Sep 149,862 92,140 69,700 67,555 24,585
Oct 188,205 ‐ 69,347 ‐ ‐
Nov 240,433 ‐ 70,269 ‐ ‐
Dec 174,325 ‐ 73,194 ‐ ‐
YTD Total 1,647,038$ 1,398,367$ 629,154$ 591,603$ 806,764$
Annual Total 2,250,000$ 841,964$ 1,408,036$
1Actuals of Revenues and Expenses
Revenues Expenses
Photo Enforcement Program
Year to Date through September
Month
2009 2010 2010
Actual Budget Actual $ % $ %
Jan 143,245$ 127,631$ 170,998$ 27,753$ 19% 43,367$ 34%
Feb 192,680 181,886 86,124 (106,555) ‐55% (95,762) ‐53%
Mar 59,923 65,165 115,122 55,199 92% 49,957 77%
Apr 100,349 93,113 99,376 (974) ‐1% 6,263 7%
May 156,161 139,519 101,909 (54,252) ‐35% (37,610) ‐27%
Jun 100,207 98,090 148,339 48,132 48% 50,249 51%
Jul 219,671 188,995 158,134 (61,537) ‐28% (30,861) ‐16%
Aug 80,681 79,488 93,081 12,399 15% 13,593 17%
Sep 131,358 115,050 110,810 (20,548) ‐16% (4,240) ‐4%
Oct 76,125 69,672 ‐
Nov 73,002 66,318 ‐
Dec 196,289 153,054 ‐
YTD Total 1,184,275$ 1,088,937$ 1,083,891$ (100,384)$ ‐8% (5,045)$ 0%
Annual Total 1,529,692$ 1,377,980$
Year to Date through September
Month
2010 vs. Budget2010 vs. 2009
Miscellaneous Revenues by Month
Page 8 of 35
Monthly Financial Report September 2010
2009 2010 2010
Actual Budget Actual $ % $ %
Interests and Other Earnings 444,212$ 360,389$ 256,261$ (187,951)$ ‐42% (104,128)$ ‐29%
Rents, Leases, and Concessions 572,197 608,337 624,556 52,359 9% 16,219 3%
Contributions/Donations from Private Sources 105,770 78,691 129,101 23,331 22% 50,410 64%
Other 62,096 41,519 73,973 11,877 19% 32,454 78%
YTD Total 1,184,275$ 1,088,937$ 1,083,891$ (100,384)$ ‐8% (5,045)$ 0%
Annual Total 1,529,692$ 1,377,980$
2010 vs. Budget
Miscellaneous Revenues by Type
Year to Date through September
Revenue
2010 vs. 2009
EXPENSES
Overall the City has expended 72% of its budgeted general governmental expenditures at the end of September. This is
2.5% or $2 million below year‐to‐date budgeted expenditures. While some of these savings would be realized at the end of
the year, others are due to the timing of the payments. Below are the explanations for some of the large variances on the
expenditures. We do expect some expenditure savings at the end of the year, but it will be narrower than the 2.5% we
currently have.
The Finance Department appears to be under budget by $280k. This is due to the $200,000 banking service fees in the
carry forward budget amendment that will not be paid until year‐end. The department had a couple of temporary
vacancies in 2010 which also helped the year‐to‐day status. These positions are now filled and we expect the banking
service fees to be substantially higher than we have budgeted for, therefore we do not expect savings in Finance at the end
of the year.
The City Clerk division is under budget by $170k because the majority of the election costs will not be paid until October
and November. The City is expecting at total of $127k in election costs, which will be $87k under the projected amount of
$214k.
Community Services is under budget in total by $571k due to expending less in temporary/intermittent/seasonal help (for
Parks, Recreation, and Museum) and supplies.
Page 9 of 35
Monthly Financial Report September 2010
ENTERPRISE FUNDS
The table below gives an analysis of all City Enterprise funds. Displayed are the year‐to‐date revenues and expenditures for
each enterprise. Included in each fund are the capital revenues and expenditures.
Airport Golf Course Solid Waste
Utility Water Utility Wastewater
Utility
Surface
Water
Utility
Bond/Rate
Stabilization
Funds
REVENUES:
Licenses and permits ‐ ‐ ‐ ‐ 41,002 31,950 ‐
Grants 61,220 ‐ 144 2,699 ‐ 500,238 ‐
Charges for services 37,592 1,524,871 11,216,673 7,515,350 12,831,357 3,722,121 ‐
Interdepartmental services ‐ ‐ 1,969 178,485 123,990 399,954 ‐
Rents, leases, and misc fees 1,299,378 308,937 60,000 74,842 ‐ ‐ ‐
Interest and other misc 11,470 13,151 112,931 324,471 443,760 179,171 141
TOTAL REVENUES 1,409,660 1,846,959 11,391,717 8,095,847 13,440,109 4,833,434 141
EXPENSES:
Utility billing ‐ ‐ 103,784 89,269 77,960 121,784 ‐
Utility systems ‐ ‐ 9,927,034 1,910,428 1,696,248 1,565,610 ‐
Utility maintenance ‐ ‐ 205,741 3,319,659 9,220,279 1,248,974 ‐
Transportation 790,707 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 1,315,063 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 790,707 1,315,063 10,236,559 5,319,356 10,994,487 2,936,368 ‐
AMOUNT AVAILABLE FOR DEBT SERVICE 618,953 531,896 1,155,158 2,776,491 2,445,622 1,897,066 141
DEBT SERVICE:
Principal ‐ 17,244 ‐ 1,246,675 815,776 151,840 ‐
Interest and other debt service costs ‐ 57,617 ‐ 480,938 250,164 194,229 ‐
TOTAL DEBT SERVICE ‐ 74,861 ‐ 1,727,613 1,065,940 346,069 ‐
CAPITAL PROJECTS 256,298 165,652 ‐ 1,578,362 3,041,604 1,432,708 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 362,655 291,383 1,155,158 (529,484) (1,661,922) 118,289 141
BEGINNING FUND BALANCE, January 1, 2010 1,049,083 1,085,801 326,034 7,157,108 2,775,538 3,982,842 15,605
ENDING FUND BALANCE, September 30, 2010 1,411,738 1,377,184 1,481,192 6,627,624 1,113,616 4,101,131 15,746
Page 10 of 35
Monthly Financial Report September 2010
INTERNAL SERVICE FUNDS
The table below gives an analysis of all City Internal Service Funds. Displayed are the year‐to‐date revenues and
expenditures for each internal service. Included in each fund are the capital revenues and expenditures.
Equipment
Rental
Information
Technology Facilities Communications Insurance Healthcare
Retiree
Healthcare
REVENUES:
Grants ‐ 986 ‐ ‐ ‐ ‐ ‐
Charges for services
Equipment rental m&o 1,605,230 1,471,885 ‐ ‐ ‐ ‐ ‐
Telecommunications ‐ 214,362 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 80,534 ‐ 253,134 ‐ ‐ ‐
Communications ‐ ‐ ‐ 405,030 ‐ ‐ ‐
Facilities ‐ ‐ 3,132,169 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 84,350 ‐ ‐ ‐ ‐ ‐
IT service contracts ‐ 188,110 ‐ ‐ ‐ ‐ ‐
Interest and other misc 52,608 16,645 2,007 821 61,024 54,399 28,734
Internal service fund misc:
Vehicle/equipment capital recovery 1,080,854 747,590 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 1,656,691 ‐ ‐
Worker's compensation / unemployment ‐ ‐ ‐ ‐ 1,054,830 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 8,327,522 1,307,757
Other misc 336 ‐ 2,297 ‐ 3,611 357,698 ‐
Disposal of capital assets ‐ ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 102,593 105,511 32,458
TOTAL REVENUES 2,739,028 2,804,462 3,136,473 658,985 2,878,749 8,845,130 1,368,949
EXPENSES:
Communications 356,695
Equipment rental 1,619,770
Facilities 2,904,812
Healthcare 6,707,767
Information technology 2,313,256
Print and mail ‐ 310,760
Retiree healthcare 809,920
Risk management
Risk management 1,087,718
Unemployement 327,664
Worker's compensation 900,947
TOTAL EXPENSES 1,619,770 2,313,256 2,904,812 667,455 2,316,329 6,707,767 809,920
AMOUNT AVAILABLE FOR CAPITAL 1,119,258 491,206 231,661 (8,470) 562,420 2,137,363 559,029
CAPITAL PROJECTS 640,005 295,315 25,000 29,408 ‐ ‐ ‐
TRANSFERS IN ‐ ‐ ‐ ‐ ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 479,253 195,891 206,661 (37,878) 562,420 2,137,363 559,029
BEGINNING FUND BALANCE, January 1, 2010 4,593,399 1,647,931 91,175 111,818 6,039,509 4,792,452 2,820,473
ENDING FUND BALANCE, September 30, 2010 5,072,652 1,843,822 297,836 73,940 6,601,929 6,929,815 3,379,502
Page 11 of 35
Monthly Financial Report September 2010
THE SCORE
The South Correctional Entity (SCORE) is a public development authority (PDA) that was formed to build and operate a new
822‐bed misdemeanor jail in South King County. SCORE is made up of cities located in South King County and they are
Auburn, Burien, Des Moines, Federal Way, Renton, SeaTac, and Tukwila. The City of Renton is the principle of the PDA as
well as acting as the treasurer and fiscal agent for SCORE during the planning and development phase. The design and
permit work, construction bid opening, and bond sell has been completed.
The current estimated total development and construction costs for the project is around $95 million, including capitalized
interest and startup costs. The bonding is $87 million with the remaining $8 million to be financed by member
contributions. The City of Renton is obligated for 36% of the bonds issued.
The table below lists the year to date financing sources and uses of the SCORE:
SCORE
REVENUES:
Interlocal city contribution
Auburn ‐
Burien 4,000
Des Moines ‐
Federal Way ‐
Renton ‐
Seatac 3,000
Tukwila ‐
Interest and other misc 246,072
Bond proceeds ‐
Tax Credit (BABs) 837,545
TOTAL REVENUES 1,090,616
EXPENSES:
Salaries and wages 66,702
Benefits 48,097
Supplies 16,288
Professional services 1,331,183
Intergovernmental 767,810
Construction 35,938,799
TOTAL EXPENSES 38,168,880
AMOUNT AVAILABLE FOR DEBT SERVICE (37,078,263)
DEBT SERVICE:
Principal ‐
Interest and other debt service costs 3,439,680
TOTAL DEBT SERVICE 3,439,680
CHANGE IN FUND BALANCE (40,517,943)
BEGINNING FUND BALANCE, January 1, 2010 80,644,637
ENDING FUND BALANCE, September 30, 2010 40,126,694
Page 12 of 35
Monthly Financial Report September 2010
FUND BALANCE
Page 14 shows the ending fund balance as of September 2010. The City’s fund balance is a combination of current
deficit/surplus of funds which have accrued from unexpended operating budgets and unanticipated excess revenues and
from balances accumulated from prior years.
The prior year’s balances (or beginning balance) include funds identified as being reserved for specific purposes or required
to meet the current year’s appropriations. These balances also provide financial stability to the City’s operation during
uncertain times and provide a layer of security to bondholders.
At the end of September, the City has $7.3 million reported in combined general governmental fund balance of the current
year’s operating budget, which is approximately 7% of budgeted operating expenditures. This is a decrease of $4.6 million
from the beginning balance of January 1, 2010. September’s ending fund balance is over the anticipated General
Governmental Fund Balance of $6.3 million by $1 million. Although the ending fund balance is above projections, it is
consistent with the prior years’ trends since the City receipted the first half of 2010 property taxes in April and May. We
expect the fund balance to decrease but be in line with the projected fund balance after May and continue to decrease until
we receive the second half of 2010 property taxes in October and November.
CONTACT INFORMATION
This report is prepared by the Finance Division of the FIT Department. For additional financial information, please also
review our website: http://www.rentonwa.gov/. For any questions about the report, please feel free to contact us at
hnguyen@rentonwa.gov or iwang@rentonwa.gov.
Page 13 of 35
Monthly Financial Report September 2010
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through September 30, 2010
Funds
Balance
01/01/2010
Budgeted
Revenue
Revenue
09/30/10
Total Funds
Available
Budgeted
Expenditure
Expenditure
09/30/10 Ending Balance
GENERAL GOVERNMENT FUNDS:11,955,285 105,584,156 71,408,887 83,364,172 106,294,348 76,025,654 7,338,518
000 General 8,535,013 74,693,168 49,555,846 58,090,859 72,750,777 52,247,359 5,843,500
001 Community Services 958,009 9,557,924 6,721,878 7,679,887 10,492,749 7,315,110 364,777
003 Street 1,391,648 7,456,240 4,981,121 6,372,769 8,549,762 6,313,022 59,747
004 Community Dev Block Grant (6,528) 532,635 80,423 73,895 532,227 332,974 (259,079)
005 Museum 64,705 192,621 96,786 161,491 194,120 143,470 18,021
006 Library 706,011 1,888,252 1,016,521 1,722,532 2,607,263 1,721,320 1,212
009 Farmers Market 60,571 44,280 46,169 106,740 34,311 33,200 73,540
010 Fire Memorial 936 ‐ 315 1,251 ‐ ‐ 1,251
011 Fire Health & Wellness 4,303 25,000 17,920 22,223 25,000 2,191 20,032
031 Pa rk Memorial 175,066 ‐ 1,613 176,679 ‐ ‐ 176,679
201 Ltd GO Bonds Gen Govt Debt 1,448 2,033,177 584,262 585,710 1,984,625 318,588 267,122
215 Gen Govt Misc Debt Service 64,103 9,160,859 8,306,033 8,370,136 9,123,514 7,598,420 771,716
SPECIAL REVENUE FUNDS:
102 Arterial Street 200,686 620,000 436,589 637,275 620,000 ‐ 637,275
108 Leased City Properties 837,613 1,669,586 843,192 1,680,805 1,511,561 1,285,008 395,797
110 Hotel Motel 247,828 245,000 201,930 449,758 310,000 219,116 230,642
118 Reserve for Paths & Trails 3,264 ‐ 33 3,297 ‐ ‐ 3,297
125 1% For Art 143,796 35,000 1,306 145,102 50,000 8,611 136,491
127 Cable Communication 89,391 85,000 38,909 128,300 85,674 41,470 86,830
135 Springbrook Wetlands Bank 459,528 ‐ 4,377 463,905 ‐ ‐ 463,905
DEBT SERVICE FUNDS:
219 1989 Unlimited GO Bonds 79,340 ‐ ‐ 79,340 79,340 79,340 ‐
CAPITAL PROJECT FUNDS (CIP):
303 Community Dev Mitigation 1,066,593 60,000 266,217 1,332,810 ‐ ‐ 1,332,810
304 Fire Mitigation 2,363,522 100,000 59,508 2,423,030 560,000 519,996 1,903,034
305 Transportation Mitigation 2,167,133 200,000 23,703 2,190,836 1,810,000 ‐ 2,190,836
316 Municipal Facilities CIP 6,933,186 1,333,553 783,367 7,716,553 7,681,771 1,101,513 6,615,040
317 Transportation CIP 2,892,341 31,352,042 7,277,485 10,169,826 33,183,734 7,583,886 2,585,940
318 So Lake WA Infrastructure Proj 114,039 ‐ 862 114,901 114,000 56,471 58,430
326 Housing Opportunity 201,653 ‐ 1,864 203,517 200,000 ‐ 203,517
ENTERPRISE FUNDS:
402 Airport 415,929 1,917,163 1,343,124 1,759,053 1,001,800 790,707 968,346
403 Solid Waste Utility 326,034 15,027,000 11,391,717 11,717,751 15,037,130 10,236,558 1,481,193
404 Golf Course 798,278 2,483,545 1,845,213 2,643,491 2,566,837 1,432,398 1,211,093
422 Airport Capital 633,154 1,578,000 66,535 699,689 1,831,485 256,298 443,391
424 Golf Course Capital 287,523 150,000 1,746 289,269 302,499 123,178 166,091
INTERNAL SERVICE FUNDS:
501 Equipment Repair/Replacement 4,593,399 3,631,241 2,739,028 7,332,427 3,414,047 2,259,775 5,072,652
502 Insurance 6,039,509 3,287,584 2,878,749 8,918,258 4,170,106 2,316,329 6,601,929
503 Information Services 1,647,931 4,194,774 2,804,461 4,452,392 4,841,706 2,608,571 1,843,821
504 Facilities 91,175 4,705,475 3,136,473 3,227,648 4,326,200 2,929,812 297,836
505 Communications 111,818 1,049,671 658,985 770,803 877,560 696,863 73,940
512 Insurance, Healthcare 4,792,452 12,358,471 8,845,130 13,637,582 12,462,810 6,707,767 6,929,815
522 Insurance, Leoff1 Retirees HC 2,820,473 2,235,684 1,368,950 4,189,423 2,248,907 809,920 3,379,503
FIDUCIARY FUNDS:
611 Firemen's Pension 4,332,817 300,000 125,324 4,458,141 550,475 284,996 4,173,145
Funds
Balance
01/01/2010
Budgeted
Revenue
Revenue
09/30/10
Total Funds
Available
Budgeted
Expenditure
Expenditure
09/30/10 Ending Balance
ENTERPRISE FUNDS: COMBINED UTILITIES 13,931,093 45,033,520 27,569,530 41,500,623 51,412,468 29,642,505 11,858,118
405 Water Utility 4,294,833 11,316,910 7,892,705 12,187,538 11,712,205 7,063,048 5,124,490
406 Waste Water Utility 1,887,815 6,065,737 4,300,545 6,188,360 6,837,864 5,014,059 1,174,301
407 Surface Water Utility 2,448,845 5,788,148 4,195,788 6,644,633 6,695,464 3,282,436 3,362,197
416 King County Metro 46,504 11,211,935 8,725,665 8,772,169 11,211,935 8,246,367 525,802
425 Water Utility Construction 2,862,275 3,460,000 203,143 3,065,418 5,510,000 1,562,283 1,503,135
426 Waste Water Construction 841,219 3,153,781 1,613,898 2,455,117 3,995,000 3,041,604 (586,487)
427 Surface Water Construction 1,533,997 4,037,009 637,645 2,171,642 5,450,000 1,432,708 738,934
461 Waterworks Bond Reserve ‐ ‐ ‐ ‐ ‐ ‐ ‐
471 Wa terworks Rate Stabilization 15,605 ‐ 141 15,746 ‐ ‐ 15,746
481 Future W/S Bond Proceeds ‐ ‐ ‐ ‐ ‐ ‐ ‐
Note: Waterworks Utility Funds are managed as a system and are designated by the dotted lines.
Page 14 of 35
City of Renton
General Government Financial Position
2010 Budget Year
General Government Summary
Revenues Expenditures
$ Difference
over (under)
w/beginning
balance
11,955,285
January 4,881,556 7,161,528 (2,279,972) 9,675,313
February 10,472,029 15,011,456 (4,539,427) 7,415,858
March 15,590,071 22,695,538 (7,105,467) 4,849,818
April 27,747,760 29,817,438 (2,069,678) 9,885,607
May 48,191,829 43,949,015 4,242,814 16,198,099
June 55,079,253 52,299,100 2,780,152 14,735,437
July 60,897,449 60,400,225 497,224 12,452,509
August 66,585,570 68,336,283 (1,750,713) 10,204,572
September 71,408,888 76,025,654 (4,616,767) 7,338,518
October
November
December
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
70,000,000
80,000,000
90,000,000
100,000,000
110,000,000
DifferenceRev/Exp Revenues
Expenditures
Difference
(7,000,000)
(6,000,000)
(5,000,000)
(4,000,000)
(3,000,000)
(2,000,000)
(1,000,000)
‐
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
‐
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
90,000,000
100,000,000
110,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
DifferenceRev/Exp Revenues
Expenditures
Difference
Page 15 of 35
City of Renton
Monthly Revenue Analysis ‐ 2010 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 4,901,598 4,881,556 ‐0.41%
Feb 11,015,425 10,472,029 ‐4.93%
Mar 16,604,575 15,590,071 ‐6.11%
Apr 29,697,444 27,747,760 ‐6.57%
May 48,814,541 48,191,829 ‐1.28%
Jun 56,141,918 55,079,253 ‐1.89%
Jul 61,619,393 60,897,449 ‐1.17%
Aug 67,543,287 66,585,570 ‐1.42%
Sep 72,338,363 71,408,888 ‐1.28%
Oct 84,095,653
Nov 99,823,464
Dec 105,584,156
Percent of budget 67.63%
Property Tax Budget
YTD
Actual
Annual %
over (under)
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
Millions
Total Revenue
General Government
Budget
Actual
Last Year
$30
$33
Millions Property Tax
Budget
Actual
py g ()
Jan 9,635 218,705 2169.90%
Feb 320,118 489,513 52.92%
Mar 982,841 1,037,146 5.53%
Apr 9,231,227 7,697,974 ‐16.61%
May 16,097,311 16,434,665 2.10%
Jun 16,213,191 16,549,647 2.08%
Jul 16,320,354 16,637,599 1.94%
Aug 16,388,472 16,786,759 2.43%
Sep 16,644,516 17,278,401 3.81%
Oct 22,547,053
Nov 31,012,799
Dec 31,364,643
Percent of budget 55.09%
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
Millions Total Revenue
General Government
Budget
Actual
Last Year
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
Millions Property Tax
Budget
Actual
Last Year
Page 16 of 35
City of Renton
Monthly Revenue Analysis ‐ 2010 Budget Year
Sales Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,688,260 1,442,659 ‐14.55%
Feb 3,848,016 3,376,692 ‐12.25%
Mar 5,540,865 4,818,562 ‐13.04%
Apr 7,161,203 6,445,782 ‐9.99%
May 8,888,836 8,120,233 ‐8.65%
Jun 10,537,549 9,663,981 ‐8.29%
Jul 12,138,293 11,131,292 ‐8.30%
Aug 13,935,185 12,776,450 ‐8.32%
Sep 15,628,456 14,350,473 ‐8.18%
Oct 17,436,835
Nov 18,929,142
Dec 20,857,000
Percent of budget 68.80%
Note: Includes Funds 108, 318, 501, and 503. Excludes CJ Sales Tax and Natural Gas Use Tax.
Utility Tax Budget
YTD
Actual
Annual %
over (under)
$‐
$3
$6
$9
$12
$15
$18
$21
Millions Sales Tax
Budget
Actual
Last Year
$14
$16
Millions Utility Tax
Budget
Actual
y g ()
Jan 1,379,262 1,282,930 ‐6.98%
Feb 2,829,096 2,637,863 ‐6.76%
Mar 4,050,000 3,933,596 ‐2.87%
Apr 5,225,375 5,193,705 ‐0.61%
May 6,516,282 6,425,405 ‐1.39%
Jun 7,560,617 7,590,593 0.40%
Jul 8,546,617 8,731,006 2.16%
Aug 9,718,578 9,862,699 1.48%
Sep 10,760,779 10,944,931 1.71%
Oct 11,813,935
Nov 12,878,332
Dec 14,228,000
Percent of budget 76.93%
Note: Includes Natural Gas Use Tax.
$‐
$3
$6
$9
$12
$15
$18
$21
Millions Sales Tax
Budget
Actual
Last Year
$0
$2
$4
$6
$8
$10
$12
$14
$16
Millions Utility Tax
Budget
Actual
Last Year
Page 17 of 35
City of Renton
Monthly Revenue Analysis ‐ 2010 Budget Year
Licenses/
Permits Budget
YTD
Actual
Annual %
over (under)
Jan 220,191 394,387 79.11%
Feb 415,373 496,041 19.42%
Mar 640,289 633,007 ‐1.14%
Apr 866,016 867,134 0.13%
May 1,046,903 1,014,467 ‐3.10%
Jun 1,224,807 1,185,796 ‐3.19%
Jul 1,451,179 1,444,809 ‐0.44%
Aug 1,631,518 1,620,621 ‐0.67%
Sep 1,759,093 1,761,961 0.16%
Oct 2,024,220
Nov 2,153,967
Dec 2,386,376
Percent of budget 73.83%
Note: Includes Fund 318.
Intergovt'l Budget
YTD
Actual
Annual %
over (under)
$11
$12
Millions Intergovernmental
Budget
Al
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
$2.10
$2.40
Millions Licenses & Permits
Budget
Actual
Last Year
g g ()
Jan 371,847 371,847 0.00%
Feb 1,023,691 1,023,691 0.00%
Mar 1,536,757 1,536,757 0.00%
Apr 2,128,407 2,128,407 0.00%
May 2,963,839 2,963,839 0.00%
Jun 5,426,368 5,426,368 0.00%
Jul 5,897,632 5,897,632 0.00%
Aug 6,543,985 6,543,985 0.00%
Sep 7,081,151 7,081,151 0.00%
Oct 8,132,328
Nov 11,451,131
Dec 11,804,803
Percent of budget 59.99%
Note: Includes CJ Sales Tax.
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
$10
$11
$12
Millions Intergovernmental
Budget
Actual
Last Year
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
$2.10
$2.40
Millions Licenses & Permits
Budget
Actual
Last Year
Page 18 of 35
City of Renton
Monthly Revenue Analysis ‐ 2010 Budget Year
Charges for
Svcs Budget
YTD
Actual
Annual %
over (under)
Jan 419,243 445,172 6.18%
Feb 848,381 869,415 2.48%
Mar 1,387,711 1,336,778 ‐3.67%
Apr 1,901,534 1,954,003 2.76%
May 2,472,989 2,466,435 ‐0.27%
Jun 3,018,488 3,043,138 0.82%
Jul 3,868,797 3,828,477 ‐1.04%
Aug 4,440,895 4,346,226 ‐2.13%
Sep 4,932,422 4,791,514 ‐2.86%
Oct 5,419,322
Nov 5,880,908
Dec 6,425,185
Percent of budget 74.57%
Fines &
Forfeits Budget
YTD
Actual
Annual %
over (under)
$‐
$1
$2
$3
$4
$5
$6
$7
Millions Charges for Services
Budget
Actual
Last Year
$4.00
Millions Fines & Forfeits
Budget
g ()
Jan 260,504 239,080 ‐8.22%
Feb 534,119 467,413 ‐12.49%
Mar 880,487 746,724 ‐15.19%
Apr 1,188,597 1,041,335 ‐12.39%
May 1,477,369 1,317,878 ‐10.80%
Jun 1,785,647 1,691,502 ‐5.27%
Jul 2,106,126 1,947,727 ‐7.52%
Aug 2,342,895 2,267,132 ‐3.23%
Sep 2,591,825 2,500,251 ‐3.53%
Oct 2,889,084
Nov 3,234,625
Dec 3,577,193
Percent of budget 69.89%
$‐
$1
$2
$3
$4
$5
$6
$7
Millions Charges for Services
Budget
Actual
Last Year
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
Millions Fines & Forfeits
Budget
Actual
Last Year
Page 19 of 35
City of Renton
Monthly Revenue Analysis ‐ 2010 Budget Year
Other Taxes Budget
YTD
Actual
Annual %
over (under)
Jan 424,298 315,778 ‐25.58%
Feb 887,009 854,174 ‐3.70%
Mar 1,210,805 1,175,121 ‐2.95%
Apr 1,527,046 1,947,556 27.54%
May 2,129,929 2,261,610 6.18%
Jun 3,055,413 2,591,928 ‐15.17%
Jul 3,781,909 3,784,819 0.08%
Aug 4,301,294 4,142,037 ‐3.70%
Sep 4,584,474 4,349,606 ‐5.12%
Oct 5,408,386
Nov 5,791,753
Dec 6,297,095
Percent of budget 69.07%
Misc Budget
YTD
Actual
Annual %
over (under)
$1 60
$1.80
Millions Miscellaneous
Budget
Al
$0
$1
$2
$3
$4
$5
$6
$7
Millions Other Taxes
Budget
Actual
Last Year
g ()
Jan 127,631 170,998 33.98%
Feb 309,517 257,122 ‐16.93%
Mar 374,682 372,244 ‐0.65%
Apr 467,795 471,619 0.82%
May 607,314 573,528 ‐5.56%
Jun 705,404 721,867 2.33%
Jul 894,399 880,001 ‐1.61%
Aug 973,887 973,082 ‐0.08%
Sep 1,088,937 1,083,891 ‐0.46%
Oct 1,158,609
Nov 1,224,926
Dec 1,377,980
Percent of budget 78.66%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
Millions Miscellaneous
Budget
Actual
Last Year
$0
$1
$2
$3
$4
$5
$6
$7
Millions Other Taxes
Budget
Actual
Last Year
Page 20 of 35
City of Renton
Monthly Revenue Analysis ‐ 2010 Budget Year
Other
Financing Budget
YTD
Actual
Annual %
over (under)
Jan 727 ‐ 0.00%
Feb 105 105 0.00%
Mar 138 138 0.00%
Apr 245 245 0.00%
May 6,613,769 6,613,769 0.00%
Jun 6,614,434 6,614,434 0.00%
Jul 6,614,088 6,614,088 0.00%
Aug 7,266,578 7,266,578 0.00%
Sep 7,266,711 7,266,711 0.00%
Oct 7,265,881
Nov 7,265,881
Dec 7,265,881
Percent of budget 100.01%
REET Budget
YTD
Actual
Annual %
over (under)
$3.00
Millions Real Estate Excise Tax
Budget
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
Millions Other Financing Sources
Budget
Actual
Last Year
g ()
Jan 229,560 71,303 ‐68.94%
Feb 298,320 178,545 ‐40.15%
Mar 480,120 487,709 1.58%
Apr 620,064 769,455 24.09%
May 925,800 986,269 6.53%
Jun 1,135,488 1,178,010 3.74%
Jul 1,335,888 1,327,717 ‐0.61%
Aug 1,644,120 1,537,086 ‐6.51%
Sep 1,850,592 1,660,140 ‐10.29%
Oct 2,058,960
Nov 2,279,304
Dec 2,400,000
Percent of budget 69.17%
Note: Combines Funds 201, 215, 316, and 318
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
Millions Real Estate Excise Tax
Budget
Actual
Last Year
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
Millions Other Financing Sources
Budget
Actual
Last Year
Page 21 of 35
City of Renton
Monthly Expenditure Analysis ‐ 2010 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 7,273,691 7,161,528 ‐1.54%
Feb 15,442,680 15,011,456 ‐2.79%
Mar 23,129,139 22,695,538 ‐1.87%
Apr 30,707,378 29,817,438 ‐2.90%
May 45,202,677 43,949,015 ‐2.77%
Jun 53,492,544 52,299,100 ‐2.23%
Jul 62,152,697 60,400,225 ‐2.82%
Aug 70,248,670 68,336,283 ‐2.72%
Sep 78,117,501 76,025,654 ‐2.68%
Oct 85,866,363
Nov 93,884,236
Dec 106,294,349
Percent of budget expended 71.52%
Legislative Budget
YTD
Actual
Annual %
over (under)
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
Millions
Total Expenditures
General Government
Budget
Actual
Last Year
$300,000
Legislative
Budget
g g ()
Jan 21,938 21,032 ‐4.13%
Feb 44,183 43,671 ‐1.16%
Mar 68,592 65,280 ‐4.83%
Apr 91,263 87,679 ‐3.93%
May 113,769 109,177 ‐4.04%
Jun 136,495 131,035 ‐4.00%
Jul 158,472 152,284 ‐3.90%
Aug 180,456 173,947 ‐3.61%
Sep 202,484 195,351 ‐3.52%
Oct 224,540
Nov 246,799
Dec 267,957
Percent of budget expended 72.90%
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
Millions
Total Expenditures
General Government
Budget
Actual
Last Year
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Legislative
Budget
Actual
Last Year
Page 22 of 35
City of Renton
Monthly Expenditure Analysis ‐ 2010 Budget Year
Court Services Budget
YTD
Actual
Annual %
over (under)
Jan 152,880 168,470 10.20%
Feb 317,920 328,318 3.27%
Mar 483,826 499,117 3.16%
Apr 656,729 664,092 1.12%
May 829,712 822,296 ‐0.89%
Jun 1,004,692 990,091 ‐1.45%
Jul 1,173,482 1,168,151 ‐0.45%
Aug 1,341,545 1,335,996 ‐0.41%
Sep 1,508,802 1,510,390 0.11%
Oct 1,677,249
Nov 1,836,905
Dec 2,016,361
Percent of budget expended 74.91%
Executive Budget
YTD
Actual
Annual %
over (under)
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
$2.20
Millions Court Services
Budget
Actual
Last Year
$1.80
Millions Executive
Budget
g ()
Jan 105,591 134,784 27.65%
Feb 250,653 272,736 8.81%
Mar 385,511 407,609 5.73%
Apr 521,891 539,712 3.41%
May 654,166 672,872 2.86%
Jun 785,689 800,153 1.84%
Jul 935,460 933,696 ‐0.19%
Aug 1,087,274 1,038,272 ‐4.51%
Sep 1,225,811 1,198,078 ‐2.26%
Oct 1,370,153
Nov 1,499,437
Dec 1,635,047
Percent of budget expended 73.27%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
$2.20
Millions Court Services
Budget
Actual
Last Year
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
Millions Executive
Budget
Actual
Last Year
Page 23 of 35
City of Renton
Monthly Expenditure Analysis ‐ 2010 Budget Year
Finance Budget
YTD
Actual
Annual %
over (under)
Jan 254,764 145,053 ‐43.06%
Feb 426,592 286,770 ‐32.78%
Mar 619,310 443,082 ‐28.46%
Apr 794,926 591,163 ‐25.63%
May 992,753 770,836 ‐22.35%
Jun 1,166,399 926,194 ‐20.59%
Jul 1,342,556 1,076,383 ‐19.83%
Aug 1,525,165 1,240,000 ‐18.70%
Sep 1,700,824 1,420,711 ‐16.47%
Oct 1,832,622
Nov 2,006,095
Dec 2,164,890
Percent of budget expended 65.63%
City Attorney Budget
YTD
Actual
Annual %
over (under)
$1.60
$1.80
Millions City Attorney
Budget
At l
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
$2.10
Millions Finance
Budget
Actual
Last Year
y y g ()
Jan 106,795 127,162 19.07%
Feb 246,680 266,526 8.05%
Mar 403,070 400,465 ‐0.65%
Apr 549,408 532,980 ‐2.99%
May 691,207 666,194 ‐3.62%
Jun 825,807 799,852 ‐3.14%
Jul 1,028,793 929,609 ‐9.64%
Aug 1,108,058 1,059,996 ‐4.34%
Sep 1,244,944 1,190,659 ‐4.36%
Oct 1,384,635
Nov 1,520,418
Dec 1,621,295
Percent of budget expended 73.44%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
Millions City Attorney
Budget
Actual
Last Year
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
$2.10
Millions Finance
Budget
Actual
Last Year
Page 24 of 35
City of Renton
Monthly Expenditure Analysis ‐ 2010 Budget Year
Human
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 62,931 71,457 13.55%
Feb 148,376 141,160 ‐4.86%
Mar 230,102 213,772 ‐7.10%
Apr 311,875 283,314 ‐9.16%
May 394,684 354,450 ‐10.19%
Jun 472,922 428,866 ‐9.32%
Jul 547,642 505,205 ‐7.75%
Aug 620,352 578,948 ‐6.67%
Sep 697,386 650,356 ‐6.74%
Oct 773,457
Nov 845,873
Dec 918,169
Percent of budget expended 70.83%
Public Works Budget
YTD
Actual
Annual %
over (under)
$‐
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
$0.90
$1.00
Millions Human Resources
Budget
Actual
Last Year
$1.20
Millions Public Works
Budget
g ()
Jan 40,311 42,532 5.51%
Feb 86,173 86,114 ‐0.07%
Mar 133,892 129,351 ‐3.39%
Apr 179,050 172,378 ‐3.73%
May 221,237 215,438 ‐2.62%
Jun 264,331 258,597 ‐2.17%
Jul 308,727 302,033 ‐2.17%
Aug 353,278 346,210 ‐2.00%
Sep 394,646 389,451 ‐1.32%
Oct 441,919
Nov 483,769
Dec 518,399
Percent of budget expended 75.13%
Note: For comparative purposes history does not include Development Svcs division (now in CED).
$‐
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
$0.90
$1.00
Millions Human Resources
Budget
Actual
Last Year
$‐
$0.30
$0.60
$0.90
$1.20
Millions Public Works
Budget
Actual
Last Year
Page 25 of 35
City of Renton
Monthly Expenditure Analysis ‐ 2010 Budget Year
Other City
Services Budget
YTD
Actual
Annual %
over (under)
Jan 414,785 348,715 ‐15.93%
Feb 819,456 701,408 ‐14.41%
Mar 1,210,803 1,136,033 ‐6.18%
Apr 1,824,496 1,429,727 ‐21.64%
May 1,977,632 1,657,444 ‐16.19%
Jun 2,363,946 1,849,216 ‐21.77%
Jul 2,580,253 2,144,315 ‐16.90%
Aug 2,956,550 2,417,038 ‐18.25%
Sep 3,332,176 2,583,527 ‐22.47%
Oct 3,741,593
Nov 4,083,716
Dec 4,792,981
Percent of budget expended 53.90%
Police Budget
YTD
Actual
Annual %
over (under)
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
Millions Other City Services
Budget
Actual
Last Year
$27
$30
Millions Police
Budget
Actual
g ()
Jan 2,165,025 2,260,619 4.42%
Feb 4,517,801 4,238,853 ‐6.17%
Mar 6,790,712 6,677,267 ‐1.67%
Apr 8,836,921 8,955,690 1.34%
May 11,203,428 11,016,981 ‐1.66%
Jun 13,466,812 13,574,734 0.80%
Jul 15,954,657 15,859,503 ‐0.60%
Aug 18,080,450 18,171,947 0.51%
Sep 20,560,448 20,577,677 0.08%
Oct 22,762,743
Nov 25,377,250
Dec 28,022,582
Percent of budget expended 73.43%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
Millions Other City Services
Budget
Actual
Last Year
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
Millions Police
Budget
Actual
Last Year
Page 26 of 35
City of Renton
Monthly Expenditure Analysis ‐ 2010 Budget Year
Fire & Emerg
Svc Budget
YTD
Actual
Annual %
over (under)
Jan 1,838,304 1,768,398 ‐3.80%
Feb 4,052,252 4,239,777 4.63%
Mar 5,756,484 5,943,458 3.25%
Apr 7,466,012 7,607,800 1.90%
May 9,173,406 9,312,143 1.51%
Jun 10,975,448 11,038,448 0.57%
Jul 12,792,783 12,790,432 ‐0.02%
Aug 14,560,495 14,548,321 ‐0.08%
Sep 16,397,404 16,288,868 ‐0.66%
Oct 18,085,144
Nov 19,884,908
Dec 21,922,009
Percent of budget expended 74.30%
City Clerk Budget
YTD
Actual
Annual %
over (under)
$‐
$3
$6
$9
$12
$15
$18
$21
$24
Millions Fire & Emergency Services
Budget
Actual
Last Year
$1.00
Millions City Clerk
Budget
y g ()
Jan 77,013 48,025 ‐37.64%
Feb 148,683 92,936 ‐37.49%
Mar 257,863 146,137 ‐43.33%
Apr 393,130 229,025 ‐41.74%
May 465,321 368,812 ‐20.74%
Jun 538,843 414,558 ‐23.07%
Jul 603,120 459,511 ‐23.81%
Aug 661,523 505,723 ‐23.55%
Sep 723,147 553,461 ‐23.46%
Oct 781,484
Nov 843,676
Dec 931,014
Percent of budget expended 59.45%
$‐
$3
$6
$9
$12
$15
$18
$21
$24
Millions Fire & Emergency Services
Budget
Actual
Last Year
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
Millions City Clerk
Budget
Actual
Last Year
Page 27 of 35
City of Renton
Monthly Expenditure Analysis ‐ 2010 Budget Year
Human
Services Budget
YTD
Actual
Annual %
over (under)
Jan 31,267 40,228 28.66%
Feb 68,742 72,960 6.14%
Mar 97,456 139,024 42.65%
Apr 240,125 282,858 17.80%
May 298,961 333,690 11.62%
Jun 360,953 372,237 3.13%
Jul 476,053 475,738 ‐0.07%
Aug 528,908 522,266 ‐1.26%
Sep 569,793 552,661 ‐3.01%
Oct 693,393
Nov 748,914
Dec 874,359
Percent of budget expended 63.21%
Note: General Fund only
Hearing
Examiner Budget
YTD
Actual
Annual %
over (under)
$0.00
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
$0.90
$1.00
Millions Human Svcs (Comm Svcs)
Budget
Actual
Last Year
$200,000
$220,000
Hearing Examiner
Budget
g ()
Jan 16,707 14,619 ‐12.50%
Feb 33,528 29,129 ‐13.12%
Mar 50,066 43,412 ‐13.29%
Apr 67,019 58,097 ‐13.31%
May 83,535 72,376 ‐13.36%
Jun 99,983 87,146 ‐12.84%
Jul 117,131 101,724 ‐13.15%
Aug 133,757 116,431 ‐12.95%
Sep 150,300 131,145 ‐12.74%
Oct 166,956
Nov 183,659
Dec 200,440
Percent of budget expended 65.43%
$0.00
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
$0.90
$1.00
Millions Human Svcs (Comm Svcs)
Budget
Actual
Last Year
$‐
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
Hearing Examiner
Budget
Actual
Last Year
Page 28 of 35
City of Renton
Monthly Expenditure Analysis ‐ 2010 Budget Year
CED Budget
YTD
Actual
Annual %
over (under)
Jan 527,322 555,670 5.38%
Feb 1,117,804 1,097,029 ‐1.86%
Mar 1,694,350 1,602,874 ‐5.40%
Apr 2,239,453 2,116,917 ‐5.47%
May 2,803,092 2,646,710 ‐5.58%
Jun 3,348,606 3,251,020 ‐2.91%
Jul 3,948,563 3,772,492 ‐4.46%
Aug 4,527,511 4,317,262 ‐4.64%
Sep 5,094,652 5,005,024 ‐1.76%
Oct 5,674,356
Nov 6,234,493
Dec 6,865,275
Percent of budget expended 72.90%
Note: For comparative purposes history includes Development Svcs division (previously in Public Works).
Note: General Fund only
General Fund Budget
YTD
Actual
Annual %
over (under)$75
Millions General Fund
Budget
$‐
$1.50
$3.00
$4.50
$6.00
$7.50
Millions Community & Economic
Development
Budget
Actual
Last Year
g ()
Jan 5,767,682 5,746,764 ‐0.36%
Feb 12,189,393 11,897,388 ‐2.40%
Mar 18,031,280 17,846,883 ‐1.02%
Apr 23,980,111 23,551,432 ‐1.79%
May 29,651,034 29,019,419 ‐2.13%
Jun 35,514,747 34,922,145 ‐1.67%
Jul 41,654,185 40,671,076 ‐2.36%
Aug 47,312,013 46,372,357 ‐1.99%
Sep 53,388,158 52,247,359 ‐2.14%
Oct 59,166,024
Nov 65,394,946
Dec 72,750,777
Percent of budget expended 71.82%
$‐
$15
$30
$45
$60
$75
Millions General Fund
Budget
Actual
Last Year
$‐
$1.50
$3.00
$4.50
$6.00
$7.50
Millions Community & Economic
Development
Budget
Actual
Last Year
Page 29 of 35
City of Renton
Monthly Expenditure Analysis ‐ 2010 Budget Year
Community
Svcs Fund Budget
YTD
Actual
Annual %
over (under)
Jan 630,299 570,605 ‐9.47%
Feb 1,419,564 1,321,394 ‐6.92%
Mar 2,185,115 2,026,750 ‐7.25%
Apr 2,977,422 2,733,709 ‐8.19%
May 3,791,765 3,481,093 ‐8.19%
Jun 4,633,283 4,303,348 ‐7.12%
Jul 5,779,091 5,324,731 ‐7.86%
Aug 6,950,397 6,351,583 ‐8.62%
Sep 7,813,005 7,315,110 ‐6.37%
Oct 8,658,616
Nov 9,532,347
Dec 10,492,749
Percent of budget expended 69.72%
Street Fund Budget
YTD
Actual
Annual %
over (under)
$‐
$2
$4
$6
$8
$10
$12
$14
Millions Community Svcs Fund
Budget
Actual
Last Year
$8
$9
Millions Street Fund
Budget
At l
g ()
Jan 601,390 641,040 6.59%
Feb 1,277,334 1,365,252 6.88%
Mar 1,960,375 2,078,338 6.02%
Apr 2,666,243 2,735,391 2.59%
May 3,386,048 3,438,717 1.56%
Jun 4,067,122 4,197,932 3.22%
Jul 4,805,564 4,826,691 0.44%
Aug 5,570,084 5,605,675 0.64%
Sep 6,295,873 6,313,022 0.27%
Oct 7,009,949
Nov 7,716,929
Dec 8,549,762
Percent of budget expended 73.84%
$‐
$2
$4
$6
$8
$10
$12
$14
Millions Community Svcs Fund
Budget
Actual
Last Year
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
Millions Street Fund
Budget
Actual
Last Year
Page 30 of 35
City of Renton
Monthly Expenditure Analysis ‐ 2010 Budget Year
CDBG Budget
YTD
Actual
Annual %
over (under)
Jan 35,191 13,958 ‐60.34%
Feb 75,363 40,304 ‐46.52%
Mar 120,736 68,480 ‐43.28%
Apr 167,971 100,216 ‐40.34%
May 204,663 122,058 ‐40.36%
Jun 240,955 153,564 ‐36.27%
Jul 275,465 272,301 ‐1.15%
Aug 339,295 303,572 ‐10.53%
Sep 370,840 332,974 ‐10.21%
Oct 429,422
Nov 467,929
Dec 532,227
Percent of budget expended 62.56%
Library Fund Budget
YTD
Actual
Annual %
over (under)$3.00
Millions Library Fund
Budget
At l
$‐
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
CDBG
Budget
Actual
Last Year
y g ()
Jan 173,794 173,794 0.00%
Feb 229,125 229,125 0.00%
Mar 500,663 500,663 0.00%
Apr 505,911 505,911 0.00%
May 1,067,015 1,067,015 0.00%
Jun 1,067,015 1,067,015 0.00%
Jul 1,628,119 1,628,119 0.00%
Aug 1,628,119 1,628,119 0.00%
Sep 1,721,320 1,721,320 0.00%
Oct 2,023,497
Nov 2,218,990
Dec 2,607,263
Percent of budget expended 66.02%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
Millions Library Fund
Budget
Actual
Last Year
$‐
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
CDBG
Budget
Actual
Last Year
Page 31 of 35
City of Renton
Monthly Expenditure Analysis ‐ 2010 Budget Year
Museum Fund Budget
YTD
Actual
Annual %
over (under)
Jan 15,829 15,310 ‐3.28%
Feb 32,775 31,141 ‐4.99%
Mar 49,002 46,726 ‐4.64%
Apr 65,543 62,643 ‐4.42%
May 82,433 78,771 ‐4.44%
Jun 99,543 94,929 ‐4.63%
Jul 115,981 111,161 ‐4.16%
Aug 132,242 127,286 ‐3.75%
Sep 148,372 143,470 ‐3.30%
Oct 164,641
Nov 180,555
Dec 194,120
Percent of budget expended 73.91%
Note: Prior to 2009, Museum was part of the Library Fund
Farmer's
Market Fund Budget
YTD
Actual
Annual %
over (under)
$‐
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
Museum Fund
Budget
Actual
Last Year
$35,000
$40,000
Farmer's Market Fund
Budget
At l
g ()
Jan 682 56 ‐91.83%
Feb 1,530 462 ‐69.84%
Mar 2,581 1,308 ‐49.32%
Apr 3,794 1,665 ‐56.11%
May 6,315 2,277 ‐63.95%
Jun 11,385 19,122 67.96%
Jul 17,724 24,521 38.35%
Aug 23,587 28,913 22.58%
Sep 25,232 33,200 31.58%
Oct 28,890
Nov 29,897
Dec 34,311
Percent of budget expended 96.76%
$‐
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
Museum Fund
Budget
Actual
Last Year
$‐
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
Farmer's Market Fund
Budget
Actual
Last Year
Page 32 of 35
City of Renton
Monthly Expenditure Analysis ‐ 2010 Budget Year
Health &
Wellness Budget
YTD
Actual
Annual %
over (under)
Jan 873 ‐ 0.00%
Feb 1,756 ‐ 0.00%
Mar 2,240 ‐ 0.00%
Apr 21,725 ‐ 0.00%
May 21,870 ‐ 0.00%
Jun 21,870 600 ‐97.26%
Jul 22,616 1,180 ‐94.78%
Aug 22,616 1,770 ‐92.17%
Sep 23,034 2,191 ‐90.49%
Oct 24,096
Nov 24,669
Dec 25,000
Percent of budget expended 8.76%
LTGO Funds Budget
YTD
Actual
Annual %
over (under)
$11.00
$12.00
Millions LTGO Funds
Budget
Actual
$‐
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
Fire Health & Wellness Fund
Budget
Actual
Last Year
g ()
Jan ‐ ‐ N/A
Feb 126,390 126,390 0.00%
Mar 126,390 126,390 0.00%
Apr 126,471 126,471 0.00%
May 6,739,665 6,739,665 0.00%
Jun 7,540,445 7,540,445 0.00%
Jul 7,540,445 7,540,445 0.00%
Aug 7,917,008 7,917,008 0.00%
Sep 7,917,008 7,917,008 0.00%
Oct 7,917,008
Nov 7,917,008
Dec 11,108,139
Percent of budget expended 71.27%
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
$10.00
$11.00
$12.00
Millions LTGO Funds
Budget
Actual
Last Year
$‐
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
Fire Health & Wellness Fund
Budget
Actual
Last Year
Page 33 of 35
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2010 Budget Year
Utilities Budget Revenue Expense
Jan 2,801,416 3,901,859 2,612,849
Feb 6,307,320 7,676,067 5,998,348
Mar 9,643,301 11,963,798 8,343,902
Apr 12,048,386 15,716,035 12,647,433
May 16,350,167 19,691,324 15,881,194
Jun 21,455,174 23,695,967 21,496,504
Jul 26,204,723 27,958,146 26,430,562
Aug 29,894,785 31,807,245 29,263,202
Sep 33,313,431 36,506,420 32,642,468
Oct 36,734,374
Nov 40,547,974
Dec 45,924,856
Percent of budget expended 71.08%
Note: Operations only, excludes bond proceeds and transfers to capital.
Airport Budget Revenue Expense
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
$50
Millions Utilities
Budget
Revenue
Expense
$1.40
$1.60
Millions Airport
Budget
p g p
Jan 66,269 94,268 72,717
Feb 159,667 204,281 156,869
Mar 250,901 310,979 242,660
Apr 329,772 418,081 325,667
May 438,337 517,628 410,185
Jun 517,870 655,253 512,611
Jul 598,355 947,272 604,670
Aug 688,817 1,145,117 692,768
Sep 759,575 1,343,124 790,707
Oct 838,546
Nov 913,982
Dec 1,001,800
Percent of budget expended 78.93%
Note: Operations only.
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
$50
Millions Utilities
Budget
Revenue
Expense
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
Millions Airport
Budget
Revenue
Expense
Page 34 of 35
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2010 Budget Year
Golf Course Budget Revenue Expense
Jan 129,394 68,826 97,947
Feb 258,326 174,258 215,710
Mar 479,768 309,509 434,186
Apr 618,377 505,332 578,898
May 813,533 717,289 741,203
Jun 1,066,444 1,006,321 958,609
Jul 1,232,903 1,301,264 1,111,362
Aug 1,384,039 1,645,422 1,284,140
Sep 1,549,779 1,845,213 1,432,398
Oct 1,857,389
Nov 1,994,766
Dec 2,566,837
Percent of budget expended 55.80%
Note: Operations only.
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
$2.10
$2.40
$2.70
Millions Golf Course
Budget
Revenue
Expense
Page 35 of 35