HomeMy WebLinkAbout201010, October.pdfFINANCE AND
INFORMATION TECHNOLOGY
M E M O R A N D U M
DATE: November 18, 2010
TO: Don Persson, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Iwen Wang, FIT Administrator
SUBJECT: October 2010 Financial Status Report
At the end of October, general governmental revenues show $110k or 0.1% under budget. This
includes a $1.8 million favorable property tax collection but otherwise almost all other revenue
categories are under performing. Unfortunately, the favorable property tax collection is due to
the timing of receipting 2009 October and November property taxes in 2009, which we use to
calculate the 2010 October and November budgeted amounts. Without the favorable property
tax, revenues are $1.9 million or 2.3% below budget. This is compared with the $1.6 million
and 2.1% short fall at the end of September. For the year, we are still expecting a total sales tax
collection to underperform the budget by $1.5 million, gambling tax by $495k, court fines by
$152k, real estate excise tax by $251k, and recreation fees by $146k; for a combined $2.5
million of lower than expected revenue in 2010.
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 3.2% or $2.8 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. The amount budgeted for 2010 is below the actual cost in
2009 compounded by a rate increase that took effect earlier this year and will likely push the
street lighting costs over budget. Another risk factor is the potentially more severe winter
weather conditions. Therefore, while we do expect 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 21,313,378 30,660,522 22,040,882 31,364,643 22,547,053 24,338,474 1,791,422 7.9%
Sales Tax 20,825,055 16,691,837 17,995,836 15,043,188 18,609,000 15,448,599 14,286,571 (1,162,028) ‐7.5%
Sales Tax ‐ Annexation Credit ‐ ‐ 2,132,110 1,784,145 2,248,000 1,881,122 1,682,805 (198,317) ‐10.5%
Criminal Justice Sales Tax 1,755,469 1,440,158 1,650,350 1,371,232 1,743,000 1,448,213 1,342,404 (105,809) ‐7.3%
Natural Gas Use Tax 253,377 214,611 242,891 202,662 ‐ ‐ 197,823 197,823 100.0%
Admission Tax 197,740 197,740 260,269 259,749 260,000 259,480 290,937 31,457 12.1%
Franchise Fees 998,288 955,811 1,039,031 1,039,031 1,040,000 1,018,317 1,177,275 158,959 15.6%
Electricity Tax 4,580,037 3,766,507 4,963,151 4,130,917 5,150,000 4,286,435 4,132,699 (153,736) ‐3.6%
Gas Tax 1,565,810 1,284,978 1,891,255 1,623,688 1,858,000 1,595,138 1,273,974 (321,164) ‐20.1%
Transfer Station 380,961 311,744 283,985 204,686 230,000 165,776 238,487 72,711 43.9%
TV Cable 1,073,168 869,443 1,263,743 1,039,162 1,250,000 1,027,862 1,138,067 110,205 10.7%
Telephone 1,032,048 856,381 1,037,873 850,792 960,000 786,955 860,359 73,404 9.3%
Cellular Phone 1,748,147 1,442,466 2,027,473 1,639,721 1,900,000 1,536,627 1,848,037 311,409 20.3%
City Utilities 2,606,786 2,082,272 2,871,599 2,416,173 2,880,000 2,423,241 2,393,944 (29,297) ‐1.2%
Leasehold Excise Tax 190,644 156,855 146,002 104,957 100,000 71,887 104,082 32,195 44.8%
Gambling Excise Tax 2,157,029 1,626,212 2,141,720 1,856,781 2,000,000 1,733,916 1,305,148 (428,768) ‐24.7%
Real Estate Excise Tax 2,800,103 2,431,360 2,418,456 2,074,791 2,400,000 2,058,960 1,843,473 (215,487) ‐10.5%
Less: Municipal Facilities CIP REET (450,103) (183,564) (1,000,000) (1,006,533) (400,000) (402,613) (400,000) 2,613 ‐0.6%
EMS Levy 890,998 689,685 1,170,657 975,548 897,095 870,794 870,794 ‐ 0.0%
Business License Fees 485,537 454,426 424,413 401,554 463,067 438,126 407,410 (30,716) ‐7.0%
Other Licenses and Permits 257,477 224,739 176,851 140,889 157,250 125,274 203,462 78,188 62.4%
Building Permits 2,034,225 1,764,021 1,683,082 1,395,223 1,766,059 1,464,008 1,364,307 (99,701) ‐6.8%
Intergovernmental (Grants, etc)3,734,887 2,431,177 3,820,932 3,390,259 4,507,080 3,696,624 3,696,624 ‐ 0.0%
Fire District 25 and 40 Contracts 5,013,549 2,510,970 5,869,198 3,050,973 5,554,723 2,770,532 2,770,532 ‐ 0.0%
Records, Duplicating, and Passport Fees 176,950 155,126 187,721 144,653 217,585 167,665 167,398 (267) ‐0.2%
Public Safety 524,565 437,091 521,484 446,824 430,000 368,438 384,944 16,506 4.5%
Development Service Fees 903,768 784,892 677,955 508,675 869,683 652,530 777,403 124,874 19.1%
Culture and Recreation 1,678,818 1,542,102 1,631,486 1,495,673 1,572,240 1,441,359 1,307,790 (133,569) ‐9.3%
Interfund/Interdept‐Services 3,072,950 2,446,421 3,225,745 2,670,992 3,335,677 2,762,018 2,651,099 (110,920) ‐4.0%
Fines and Forfeits 1,057,797 881,713 1,349,034 1,049,597 1,196,500 930,920 995,201 64,281 6.9%
Photo Enforcement 803,111 346,180 2,368,131 1,931,597 2,250,000 1,835,242 1,558,745 (276,497) ‐15.1%
Seizure Funds ‐ Federal/State/Local 250,065 127,710 99,844 93,913 130,693 122,930 214,093 91,163 74.2%
Interests and Other Earnings 735,910 601,658 535,314 463,195 434,300 375,790 280,012 (95,778) ‐25.5%
Rents, Leases, and Concessions 676,919 604,605 677,960 610,157 720,780 648,694 666,168 17,474 2.7%
Contributions and Donations 175,513 155,757 150,406 120,210 111,900 89,435 127,729 38,295 42.8%
Other Miscellaneous 67,355 74,327 168,567 68,940 111,000 45,396 84,312 38,916 85.7%
Refunding Debt and Premiums ‐ ‐ ‐ ‐ 6,613,483 6,613,484 6,613,484 ‐ 0.0%
Transfer‐In 381,364 66,541 577,004 537,174 652,398 652,398 652,398 ‐ 0.0%
Total Operating Revenues 93,687,106 71,757,332 97,342,052 76,172,071 105,584,156 83,958,624 83,848,462 (110,162) ‐0.1%
OPERATING EXPENDITURES
Legislative 245,441 207,134 247,225 205,705 267,957 224,540 214,315 10,224 4.6%
City Attorney 1,661,225 1,370,440 1,248,380 1,114,442 1,621,295 1,384,630 1,306,058 78,572 5.7%
City Clerk 604,844 504,700 646,581 545,731 931,014 781,482 685,906 95,576 12.2%
Court Services 1,744,122 1,437,973 1,819,731 1,526,494 2,016,361 1,677,240 1,657,900 19,340 1.2%
Executive 966,373 806,820 1,499,747 1,259,757 1,635,047 1,370,148 1,322,666 47,482 3.5%
Hearing Examiner 166,820 138,823 171,911 143,323 200,440 166,957 144,975 21,982 13.2%
Community and Eco Dvlpmnt Admin ‐ ‐ 265,269 223,559 646,149 544,550 531,045 13,505 2.5%
Development Services 4,178,096 3,407,498 3,615,129 3,043,090 3,035,683 2,555,332 2,409,433 145,899 5.7%
Economic Development 1,875,749 1,564,957 1,244,175 1,039,705 1,383,047 1,154,634 1,079,397 75,237 6.5%
Planning ‐ ‐ 1,525,460 1,222,164 1,834,707 1,528,923 1,513,880 15,042 1.0%
Finance 1,909,652 1,596,485 1,969,936 1,687,645 2,164,890 1,832,612 1,562,272 270,340 14.8%
Human Resources 981,306 841,305 853,063 703,950 918,169 773,457 710,580 62,877 8.1%
Police 23,894,898 19,228,288 25,833,756 21,166,303 28,022,582 22,762,746 22,423,952 338,793 1.5%
Fire 21,763,640 17,685,486 20,375,286 17,053,966 21,922,009 18,072,568 17,883,348 189,220 1.0%
Community Services Admin 1 1,078,884 915,642 4,549,381 3,729,757 958,648 791,239 886,316 (95,077) ‐12.0%
Facilities 3,614,850 2,929,553 ‐ (242) ‐ ‐ ‐ ‐ 0.0%
Parks 4,892,441 4,029,521 4,820,336 4,004,941 4,584,001 3,791,910 3,461,202 330,707 8.7%
Parks Planning & Natural Resources ‐ ‐ ‐ ‐ 545,943 454,952 364,453 90,499 19.9%
Recreation 3,304,279 2,768,815 3,329,077 2,809,440 4,028,463 3,387,696 3,093,550 294,146 8.7%
Human Services 1,162,553 931,093 1,194,142 944,494 1,406,586 1,119,438 1,015,658 103,780 9.3%
Community Resources & Events 367,627 261,843 348,185 252,448 375,694 269,926 251,804 18,121 6.7%
Library 1,890,886 1,572,381 2,312,128 1,687,415 2,607,263 2,280,221 2,280,221 ‐ 0.0%
Museum 136,327 116,398 140,801 118,644 194,120 164,641 159,284 5,357 3.3%
Public Works Administration 886,867 778,616 463,533 392,832 518,399 449,701 429,145 20,556 4.6%
Street Maintenance 3,212,111 2,526,221 3,794,716 3,199,055 3,385,704 2,766,457 2,813,270 (46,812) ‐1.7%
Technical Services 515,708 435,974 478,493 391,289 ‐ ‐ ‐ ‐ 0.0%
Transportation 4,841,955 3,908,768 5,110,639 4,270,922 5,164,058 4,315,563 4,264,455 51,109 1.2%
Debt Service 4,263,739 1,258,539 4,176,822 1,165,568 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 3,778,070 5,169,426 3,402,070 4,817,981 3,398,066 2,787,312 610,754 18.0%
Total Operating Expenditures 95,171,399 75,001,341 97,203,328 77,304,467 106,294,348 85,936,635 83,169,404 2,767,231 3.2%
Total Ending Fund Balance 11,816,561$ 10,056,844$ 11,955,285$ 10,684,166$ 11,245,093$ 9,977,273$ 12,634,343$ 2,657,070 26.6%
1Facilities was included in Community Services Admin in 2009
Summary of Sources and Uses Annual Actual YTD Actual Favorable (Unfavorable)
2008 2009 2010 Variance
Annual Actual YTD Actual Annual Budget YTD Budget YTD Actual
Monthly Financial Report October 2010
Page 1 of 35
Monthly Financial Report October 2010
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through October 31, 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 69% of all resources supporting general governmental activities. The following section provides detail
information on property, sales, utility, and other taxes.
Property Tax
October’s collection is $7.1 million,
making the total year‐to‐date
collection $24.3 million or 78% of
the total budget. In comparison to
the previous year, the City
collected $2.3 million or 10% more.
Compared to the budget, the City is
above projections by $1.8 million
or 8%. The large difference is due
to the amounts receipted in 2009
for October and November. Since
the City receipted more of the
second half of property taxes in
November than October of 2009,
the 2010 monthly budget is
skewed. Based on distribution we
have received in November ($7.4 million), we are projecting property tax collections to meet the projections at year end.
Sales Tax
October 2010 sales tax receipts
totaled $1.4 million. Compared to
the same month last year, it is $113k
or 7% less. Compared to the
projected current month’s budget, it
is below projections by $163k or
10%. The year‐to‐date collection is
$14.3 million or 77% of the sales tax
budget. This is $757k less than last
year and $1.2 million 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 7,060,074 1,290,046 22% 1,157,538 20%
Nov 8,275,695 8,465,747
Dec 343,945 351,844
YTD Total 22,040,882$ 22,547,053$ 24,338,474$ 2,297,592$ 10% 1,791,422$ 8%
Annual Total 30,660,522$ 31,364,643$
Property Tax Revenues
Year to Date through October
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 1,447,338 (112,879) ‐7% (163,236) ‐10%
Nov 1,440,143 1,636,255 ‐
Dec 1,512,506 1,524,146 ‐
YTD Total 15,043,188$ 15,448,599$ 14,286,571$ (756,617)$ ‐5% (1,162,028)$ ‐8%
Annual Total 17,995,836$ 18,609,000$
2010 vs. Budget2010 vs. 2009
Month
Year to Date through October
Local Retail Sales Tax Revenues
Page 2 of 35
Monthly Financial Report October 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 2009 2010 Bgt YTD Act Change 2010/2009 2010 Act vs Bgt
New Construction 2,482,182$ 2,329,934$ 1,860,961$ (621,220)$ ‐25%$ (468,973)‐20%
Auto Sales 2,736,842 2,851,135 2,513,520 (223,322) ‐8% (337,616)‐12%
General Retail 4,879,322 5,043,315 5,002,075 122,753 3% (41,240)‐1%
Manufacturing 789,323 783,022 633,348 (155,975) ‐20% (149,675)‐19%
Wholesale 789,527 828,520 771,420 (18,107) ‐2% (57,100)‐7%
Service 2,979,442 3,145,049 3,063,765 84,323 3% (81,283)‐3%
Other 386,550 467,624 441,482 54,932 14% (26,142)‐6%
Total 15,043,188$ 15,448,599$ 14,286,571$ (756,617) ‐5%(1,162,028)$ ‐8%
Note: Excludes Annexation Credit and Criminal Justice Sales Tax revenue.
Utility tax
October utility tax revenues are $1.1
million, which is $59k or 5% higher than
the same month last year and ahead of
the budget by $85k or 8%. The year‐to‐
date collection of $12.1 million is above
the budget by $269k or 2% but is $24k
below 2009. The unfavorable
comparisons in January and February
are primarily due to higher than normal
electrical and natural gas consumptions
during winter months in 2009 that
distorted the budget for these two
months. At this time, the City is
projecting utility tax revenues to meet
our 2010 budget by year‐end.
The table below breaks out Utility Tax by source, the lower amount generated from Natural Gas is due to warmer
temperatures in the 1st quarter of 2010 than 2009:
Utility Tax by Type 2009 2010 Bgt YTD Act Change 2010/2009 2010 Act vs Bgt
Electrical 4,130,917$ 4,286,435$ 4,132,699$ 1,782$ 0%$ (153,736)‐4%
Natural Gas 1,826,351 1,595,138 1,471,797 (354,554) ‐19% (123,342)‐8%
Cell 1,639,721 1,536,627 1,848,037 208,315 13% 311,409 20%
Phone 850,792 786,955 860,359 9,567 1% 73,404 9%
Cable 1,039,162 1,027,862 1,138,067 98,905 10% 110,205 11%
Transfer Station 204,686 165,776 238,487 33,801 17% 72,711 44%
City Utilities 2,416,173 2,423,241 2,393,944 (22,228) ‐1% (29,297)‐1%
YTD Total 12,107,801$ 11,813,890$ 12,083,388$ (24,413)$ 0%261,354$ 2%
Annual Total 14,581,971$ 14,228,000$
YTD as % of 83% 83%
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 1,138,457 59,077 5% 85,279 8%
Nov 1,090,897 1,064,416
Dec 1,383,272 1,349,694
YTD Total 12,107,801$ 11,813,890$ 12,083,388$ (24,413)$ 0% 269,498$ 2%
Annual Total 14,581,971$ 14,228,000$
2010 vs. Budget2010 vs. 2009
Year to Date through October
Utility Tax Revenues
Month
Page 3 of 35
Monthly Financial Report October 2010
Other Taxes
Real Estate Excise Tax
The City collected $183k in Real Estate
Excise Tax revenues (REET) in October.
This is $25k or 12% below current
month’s budget and $27k or 13% behind
the same month last year. Year‐to‐date
collection of $1.8 million is $215k or 10%
behind the budget and is also $231k 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
October’s Gambling Tax
collections total $126k. Year‐to‐
date total of $1.3 million is $552k
or 30% below the year before; and
$429k or 25% below budget.
The lower tax collection is due to
cross‐the‐board reduction in
gambling activities. Pull tabs
overall reduced by 30%, partially
due to the change in business at
Cascade Lanes; and card‐rooms
are seeing 32% lower in activities.
Because of these changes, the City
is anticipating around $495k 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 $1.2 million. This is
$184k or 16% above the projected
year‐to‐date budget and $138k or
13% higher than 2009. 2009’s
May collection should have been
recorded in April. The City has
met the franchise fees 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 209,975 208,368 183,333 (26,642) ‐13% (25,035) ‐12%
Nov 222,052 220,344
Dec 121,614 120,696
YTD Total 2,074,791$ 2,058,960$ 1,843,473$ (231,318)$ ‐11% (215,487)$ ‐10%
Annual Total 2,418,456$ 2,400,000$
Real Estate Excise Tax Revenues
Year to Date through October
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 176,490 164,811 126,396 (50,093) ‐28% (38,415) ‐23%
Nov 146,960 137,236 ‐
Dec 137,979 128,849 ‐
YTD Total 1,856,781$ 1,733,916$ 1,305,148$ (551,633)$ ‐30% (428,768)$ ‐25%
Annual Total 2,141,720$ 2,000,000$
Gambling Tax Revenue
Month
Year to Date through October
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%
Apr ‐ 102,746 274,268 274,268 100% 171,521 167%
May 258,593 132,005 ‐ (258,593) (132,005)
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 259,798 258,846 289,316 29,517 11% 30,469 12%
Nov ‐ ‐ ‐
Dec ‐ 21,683 ‐
YTD Total 1,039,031$ 1,018,317$ 1,177,275$ 138,244$ 13% 183,680$ 16%
Annual Total 1,039,031$ 1,040,000$
Franchise Fees Revenue
Year to Date through October
Month
2010 vs. 2009 2010 vs. Budget
Page 4 of 35
Monthly Financial Report October 2010
Admission Tax
Admission Tax returns are due
quarterly in January, April, July,
and October each year. October
2010 collections represent
activities conducted during the 3rd
quarter of 2010.
The report shows an increase of
$31k or 12% from the year before
and $31k or 12% 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
October, we have collected 83% of the projected revenue from licenses and permits. Licenses and Permits totaled $2
million by the end of October, which is $49k less than the budget. The following sections provide detail information for
Building Permits and Business Licenses revenues.
Building Permits and Fees revenues
totaled $91k in October. 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 $1.2 million is $103k or 8% less than
the budget and is also $10k or 1% lower
than 2009. The City is projecting
building permits and fees to be under
the 2010 budget by $124k.
Business Licenses totaled $407k since the start
of the year, which is 1% 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 $31k 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 73,073 2,344 3% 5,660 8%
Nov 520 295 ‐
YTD Total 259,749$ 259,705$ 290,937$ 31,188$ 12% 31,233$ 12%
Annual Total 260,269$ 260,000$
Ye ar to Date through October
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 91,156 (40,742) ‐31% (50,586) ‐36%
Nov 82,516 88,674 ‐
Dec 169,581 182,237 ‐
YTD Total 1,241,496$ 1,334,148$ 1,231,208$ (10,288)$ ‐1% (102,940)$ ‐8%
Annual Total 1,493,593$ 1,605,059$
Building Permits and Fees
Year to Date through October
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 83,639 (363) 0% (8,014) ‐9%
Nov 18,937 20,662 ‐
Dec 3,922 4,279 ‐
YTD Total 401,554$ 438,126$ 407,410$ 5,856$ 1% (30,716)$ ‐7%
Annual Total 424,413$ 463,067$
Business Licenses
Month
Year to Date through October
2010 vs. Budget2010 vs. 2009
Page 5 of 35
Monthly Financial Report October 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 80%
of the total revenues in
this category. The year‐to‐date total Intergovernmental revenue is $7.7 million or 65% of the budget. All grant revenues
also have corresponding expenditures which have been added to the City’s budget through the 2010 carry forward, 2nd
Quarter budget adjustment, and the upcoming Year‐End budget adjustment.
State Shared Revenue collections
totaled $3.4 million since the start
of 2010. Compared to the
projected budget, State Shared
Revenues are above by $74k or 2%.
Compared to the prior year, the
City is collecting $77k more or up
by 2%. 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 75% of the total revenue in this category. The year‐to‐date total charges for services are $5.3 million or 82% 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 $773k
since the start of the year. Compared to the
budget, the City is collecting $121k or 19%
more than anticipated revenue. Compared
to the prior year, the City is collecting $267k
or 53% more. The large increases in May,
July, and October are due to payments related
to an environmental impact statement. The
City is projecting plan review and inspection
fees to exceed the 2010 budget.
2009 2010 2010
Actual Budget Actual $ % $ %
Crim Just Sales Tax 1,371,232$ 1,448,213$ 1,342,404$ (28,828)$ ‐2% (105,809)$ ‐7%
Judicial Contribution 23,918 9,628 22,868 (1,050)$ ‐4% 13,240 138%
Crim Just ‐ Pop 17,815 ‐ 18,818 1,002 6% 18,818 100%
Crim Just ‐ Spec Prog 68,011 66,098 71,284 3,273 5% 5,186 8%
State DUI 15,170 8,244 15,677 507 3% 7,433 90%
Liquor Profits 447,317 472,347 514,215 66,898 15% 41,868 9%
Liquor Excise Tax 403,630 413,000 419,052 15,422 4% 6,052 1%
Fuel Tax 1,011,801 944,059 1,031,333 19,532 2% 87,275 9%
YTD Total 3,358,895$ 3,361,589$ 3,435,651$ 76,756$ 2% 74,062$ 2%
Annual Total 3,986,791$ 3,988,931$
State Shared Revenues
2010 vs. 2009
Revenue
Year to Date through October
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 86,397 124,857 57,761 86% 38,460 45%
Nov 59,883 77,110 ‐
Dec 109,397 140,867 ‐
YTD Total 506,111$ 651,705$ 772,930$ 266,819$ 53% 121,225$ 19%
Annual Total 675,391$ 869,683$
Month
2010 vs. 2009 2010 vs. Budget
Year to Date through October
Plan Review / Inspection
Intergovernmental 2009 2010 Bgt YTD Act Change 2010/2009 2010 Act vs Bgt
Fire District #25 681,675$ 810,735$ 810,735$ 129,060$ 19% $ ‐ 0%
Fire District #40 2,369,298 1,959,797 1,959,797 (409,501) ‐17% ‐ 0%
State Shared Revenue 3,358,895 3,361,589 3,435,651 76,756 2% 74,062 2%
Federal Grants 358,953 562,973 562,973 204,021 57% ‐ 0%
State Grants 177,115 200,132 200,132 23,018 13% ‐ 0%
Other Grants 719,094 185,689 185,689 (533,405) ‐74% ‐ 0%
ARRA Grants 147,435 561,090 561,090 413,655 281% ‐ 0%
Total Rev YTD 7,812,464$ 7,642,006$ 7,716,068$ (96,396)$ ‐1%74,062$ 1%
Total Rev Annual 11,340,480$ 11,804,803$
YTD %69% 65% 65%
Note: Includes CJ Sales Tax.
Page 6 of 35
Monthly Financial Report October 2010
Recreation revenues totaled $1.3 million
since the start of the year. Compared to
the projected monthly budget, the City
collected $978 or 1% more. Compared to
the same month the prior year, the City
collected $2k or 2% less. Based on the
current month’s collection, the City is
projecting Recreation revenues to be
under the budget projection for 2010 by
$146k.
The year‐to‐date collections for Interfund
Service revenues are $2.7 million.
Compared to the projected budget, the
revenues are below by $111k or 4%.
Compared to the prior year, the revenues
are under by $20k or 1%. Interfund
Services is projected to be slightly under
the budget projection for 2010. The
majority of these revenues are related to
indirect cost allocation, which are internal
administrative costs. The remaining costs
consist of Development Services division’s
inspection fees, Transportation division’s
capital investment program
reimbursements, and Maintenance
division’s street maintenance
reimbursements.
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 $2.8
million. This is $309k or 10% lower
than a year ago and $123k or 4% under
budget. This difference also includes
$91k 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
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 77,544 (1,907) ‐2% 978 1%
Nov 61,971 59,720 ‐
Dec 73,842 71,161 ‐
YTD Total 1,495,673$ 1,441,359$ 1,307,790$ (187,883)$ ‐13% (133,569)$ ‐9%
Annual Total 1,631,486$ 1,572,240$
Recreation
Year to Date through October
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 266,313 275,389 241,403 (24,910) ‐9% (33,986) ‐12%
Nov 281,154 290,736 ‐
Dec 273,599 282,923 ‐
YTD Total 2,670,992$ 2,762,018$ 2,651,099$ (19,893)$ ‐1% (110,920)$ ‐4%
Annual Total 3,225,745$ 3,335,677$
Interfund Services
Year to Date through October
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 318,272 297,259 267,539 (50,734) ‐16% (29,721) ‐10%
Nov 368,928 345,541 ‐
Dec 372,972 342,568 ‐
YTD Total 3,075,108$ 2,889,084$ 2,766,164$ (308,944)$ ‐10% (122,920)$ ‐4%
Annual Total 3,817,008$ 3,577,193$
2010 vs. Budget2010 vs. 2009
Year to Date through October
Fines and Penalties by Month
Month
Page 7 of 35
Monthly Financial Report October 2010
out this amount, we are currently $214k or 7% below budget in Fines and Penalties and we expect to be $183k below
budget at the end of the year. The projected shortfall is primarily due to substantial declines in the photo 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 42% in September and 19% in October when compared with the same periods in 2009.
Year to Date through October
2009 2010 2010
Actual Budget Actual $ % $ %
Civil Penalties 13,967$ 11,961$ 12,883$ (1,085)$ ‐8% 922$ 8%
Civil Infraction Penalties 648,872 589,054 662,196 13,324 2% 73,142 12%
Civil Parking Infraction Penalties 136,790 117,160 115,771 (21,018) ‐15% (1,388) ‐1%
Photo Enforcement Program 1,931,597 1,835,242 1,558,745 (372,852) ‐19% (276,497) ‐15%
Criminal Traffic Misdemeanor Fines 80,724 64,478 77,242 (3,482) ‐4% 12,764 20%
Criminal Non‐Traffic Fines 38,230 35,583 29,692 (8,538) ‐22% (5,891) ‐17%
Criminal Costs 84,713 72,702 84,151 (563) ‐1% 11,449 16%
Seizure Funds ‐ Federal/State/Local 93,913 122,930 214,093 120,180 128% 91,163 74%
Non‐Court Fines, Forfeitures and Penalties 46,301 39,973 11,391 (34,909) ‐75% (28,582) ‐72%
YTD Total 3,075,108$ 2,889,084$ 2,766,164$ (308,944)$ ‐10% (122,920)$ ‐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 $1.6 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 82% of
the total revenue in this category. The
year‐to‐date total miscellaneous is $1.2
million. Compared to the projected year‐
to‐date budget, the revenues are under by
$2k. Compared to last year, the revenues
are under by $103k or 8%.
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 73,018 (3,107) ‐4% 3,346 5%
Nov 73,002 66,318 ‐
Dec 196,289 153,054 ‐
YTD Total 1,260,400$ 1,158,609$ 1,156,910$ (103,490)$ ‐8% (1,699)$ 0%
Annual Total 1,529,692$ 1,377,980$
Year to Date through October
Month
2010 vs. Budget2010 vs. 2009
Miscellaneous Revenues by Month
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 188,205 160,378 69,347 67,454 92,923
Nov 240,433 ‐ 70,269 ‐ ‐
Dec 174,325 ‐ 73,194 ‐ ‐
YTD Total 1,835,242$ 1,558,745$ 698,501$ 659,057$ 899,688$
Annual Total 2,250,000$ 841,964$
1Actuals of Revenues and Expenses
Revenues Expenses
Photo Enforcement Program
Year to Date through October
Month
Page 8 of 35
Monthly Financial Report October 2010
2009 2010 2010
Actual Budget Actual $ % $ %
Interests and Other Earnings 463,195$ 375,790$ 280,012$ (183,183)$ ‐40% (95,778)$ ‐25%
Rents, Leases, and Concessions 610,157 648,694 666,168 56,011 9% 17,474 3%
Contributions/Donations from Private Sources 120,210 89,435 127,729 7,519 6% 38,295 43%
Other 66,838 44,690 83,000 16,163 24% 38,311 86%
YTD Total 1,260,400$ 1,158,609$ 1,156,910$ (103,490)$ ‐8% (1,699)$ 0%
Annual Total 1,529,692$ 1,377,980$
2010 vs. Budget
Miscellaneous Re venues by Type
Year to Date through October
Revenue
2010 vs. 2009
EXPENSES
Overall the City has expended 78% of its budgeted general governmental expenditures at the end of October. This is 3.2%
or $2.8 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 3.2% we
currently have.
The Finance Department appears to be under budget by $270k. 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 Hearing Examiner is under budget by $22k or 13% due to expending less in contracted professional services.
The City Clerk division is under budget by $96k due to lower than anticipated elections costs. The City is expecting a total of
$127k in election costs, which will be $87k under the projected amount of $214k.
Community Services is under budget in total by $748k due to expending less in temporary/intermittent/seasonal help (for
Parks, Recreation, and Museum) and supplies.
Page 9 of 35
Monthly Financial Report October 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 ‐ ‐ ‐ ‐ 43,862 33,850 ‐
Grants 61,220 ‐ 144 2,699 ‐ 500,238 ‐
Charges for services 44,814 1,643,337 12,444,552 8,631,632 14,188,405 4,160,618 ‐
Interdepartmental services ‐ ‐ 1,969 195,997 132,650 438,633 ‐
Rents, leases, and misc fees 1,514,002 337,104 66,000 84,723 ‐ ‐ ‐
Interest and other misc 12,395 14,114 113,778 404,026 475,767 272,638 151
TOTAL REVENUES 1,632,431 1,994,555 12,626,443 9,319,077 14,840,684 5,405,977 151
EXPENSES:
Utility billing ‐ ‐ 113,214 96,222 84,914 133,213 ‐
Utility systems ‐ ‐ 11,168,151 2,139,461 1,904,345 1,734,770 ‐
Utility maintenance ‐ ‐ 226,560 3,638,538 10,252,616 1,383,557 ‐
Transportation 869,630 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 1,444,170 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 869,630 1,444,170 11,507,925 5,874,221 12,241,875 3,251,540 ‐
AMOUNT AVAILABLE FOR DEBT SERVICE 762,801 550,385 1,118,518 3,444,856 2,598,809 2,154,437 151
DEBT SERVICE:
Principal 88,579 19,199 ‐ 1,246,675 815,776 151,840 ‐
Interest and other debt service costs 16,625 57,684 ‐ 480,938 250,164 194,229 ‐
TOTAL DEBT SERVICE 105,204 76,883 ‐ 1,727,613 1,065,940 346,069 ‐
CAPITAL PROJECTS 427,509 172,199 ‐ 1,703,374 3,068,098 1,521,644 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ ‐ ‐ (710,774) ‐
CHANGE IN FUND BALANCE 230,088 301,303 1,118,518 13,869 (1,535,229) (424,050) 151
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, October 31, 2010 1,279,171 1,387,104 1,444,552 7,170,977 1,240,309 3,558,792 15,756
Page 10 of 35
Monthly Financial Report October 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 1,780,374 1,635,427 ‐ ‐ ‐ ‐ ‐
Telecommunications ‐ 238,183 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 89,484 ‐ 281,262 ‐ ‐ ‐
Communications ‐ ‐ ‐ 450,034 ‐ ‐ ‐
Facilities ‐ ‐ 3,480,185 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 93,726 ‐ ‐ ‐ ‐ ‐
IT service contracts ‐ 209,014 ‐ ‐ ‐ ‐ ‐
Interest and other misc 55,686 17,817 2,147 876 65,055 58,225 30,790
Internal service fund misc:
Vehicle/equipment capital recovery 1,200,833 830,660 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 1,840,770 ‐ ‐
Worker's compensation / unemployment ‐ ‐ ‐ ‐ 1,166,305 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 8,545,493 1,450,358
Other misc 1,393 ‐ 2,414 ‐ 3,611 405,416 ‐
Disposal of capital assets ‐ ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 124,529 105,511 32,458
TOTAL REVENUES 3,038,286 3,115,297 3,484,746 732,172 3,200,270 9,114,645 1,513,606
EXPENSES:
Communications 394,770
Equipment rental 1,868,806
Facilities 3,340,779
Healthcare 7,530,190
Information technology 2,484,565
Print and mail 335,593
Retiree healthcare 895,214
Risk management
Risk management 1,124,301
Unemployement 368,927
Worker's compensation 1,040,705
TOTAL EXPENSES 1,868,806 2,484,565 3,340,779 730,363 2,533,933 7,530,190 895,214
AMOUNT AVAILABLE FOR CAPITAL 1,169,480 630,732 143,967 1,809 666,337 1,584,455 618,392
CAPITAL PROJECTS 696,273 362,248 25,000 29,408 ‐ ‐ ‐
TRANSFERS IN ‐ ‐ ‐ ‐ ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 473,207 268,484 118,967 (27,599) 666,337 1,584,455 618,392
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, October 31, 2010 5,066,606 1,916,415 210,142 84,219 6,705,846 6,376,907 3,438,865
Page 11 of 35
Monthly Financial Report October 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 266,897
Bond proceeds ‐
Tax Credit (BABs) 837,545
TOTAL REVENUES 1,111,442
EXPENSES:
Salaries and wages 117,144
Benefits 51,733
Supplies 34,251
Professional services 1,556,190
Intergovernmental 770,369
Construction 39,689,066
TOTAL EXPENSES 42,218,754
AMOUNT AVAILABLE FOR DEBT SERVICE (41,107,312)
DEBT SERVICE:
Principal ‐
Interest and other debt service costs 3,439,680
TOTAL DEBT SERVICE 3,439,680
CHANGE IN FUND BALANCE (44,546,992)
BEGINNING FUND BALANCE, January 1, 2010 80,644,637
ENDING FUND BALANCE, October 31, 2010 36,097,646
Page 12 of 35
Monthly Financial Report October 2010
FUND BALANCE
Page 14 shows the ending fund balance as of October 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 October, the City has $12.6 million reported in combined general governmental fund balance of the current
year’s operating budget, which is approximately 12% of budgeted operating expenditures. This is an increase of $679k from
the beginning balance of January 1, 2010. October’s ending fund balance is over the anticipated General Governmental
Fund Balance of $10 million by $2.6 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 October 2010
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through October 31, 2010
Funds
Balance
01/01/2010
Budgeted
Revenue
Revenue
10/31/10
Total Funds
Available
Budgeted
Expenditure
Expenditure
10/31/10 Ending Balance
GENERAL GOVERNMENT FUNDS:11,955,285 105,584,156 83,848,462 95,803,747 106,294,348 83,169,405 12,634,342
000 General 8,535,013 74,693,168 55,421,977 63,956,990 72,750,777 57,276,666 6,680,324
001 Community Services 958,009 9,557,924 8,280,623 9,238,632 10,492,749 8,057,325 1,181,307
003 Street 1,391,648 7,456,240 6,577,087 7,968,735 8,549,762 7,077,725 891,010
004 Community Dev Block Grant (6,528) 532,635 204,232 197,704 532,227 374,878 (177,174)
005 Museum 64,705 192,621 193,150 257,855 194,120 159,284 98,571
006 Library 706,011 1,888,252 1,630,973 2,336,984 2,607,263 2,280,221 56,763
009 Farmers Market 60,571 44,280 47,679 108,250 34,311 23,602 84,648
010 Fire Memorial 936 ‐ 315 1,251 ‐ ‐ 1,251
011 Fire Health & Wellness 4,303 25,000 19,887 24,190 25,000 2,696 21,494
031 Pa rk Memorial 175,066 ‐ 1,721 176,787 ‐ ‐ 176,787
201 Ltd GO Bonds Gen Govt Debt 1,448 2,033,177 2,035,574 2,037,022 1,984,625 318,588 1,718,434
215 Gen Govt Misc Debt Service 64,103 9,160,859 9,435,244 9,499,347 9,123,514 7,598,420 1,900,927
SPECIAL REVENUE FUNDS:
102 Arterial Street 200,686 620,000 490,012 690,698 620,000 ‐ 690,698
108 Leased City Properties 837,613 1,669,586 1,156,798 1,994,411 1,511,561 1,330,357 664,054
110 Hotel Motel 247,828 245,000 224,111 471,939 310,000 238,383 233,556
118 Reserve for Paths & Trails 3,264 ‐ 35 3,299 ‐ ‐ 3,299
125 1% For Art 143,796 35,000 1,389 145,185 50,000 8,611 136,574
127 Cable Communication 89,391 85,000 51,183 140,574 85,674 45,332 95,242
135 Springbrook Wetlands Bank 459,528 ‐ 200,402 659,930 ‐ ‐ 659,930
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 60,000 272,705 1,339,298 ‐ ‐ 1,339,298
304 Fire Mitigation 2,363,522 100,000 80,299 2,443,821 560,000 519,996 1,923,825
305 Transportation Mitigation 2,167,133 200,000 80,003 2,247,136 1,810,000 ‐ 2,247,136
316 Municipal Facilities CIP 6,933,186 1,333,553 928,410 7,861,596 7,681,771 1,272,047 6,589,549
317 Transportation CIP 2,892,341 31,352,042 8,352,087 11,244,428 33,183,734 8,142,101 3,102,327
318 So Lake WA Infrastructure Proj 114,039 ‐ 902 114,941 114,000 56,471 58,470
326 Housing Opportunity 201,653 ‐ 1,988 203,641 200,000 ‐ 203,641
ENTERPRISE FUNDS:
402 Airport 415,929 1,917,163 1,565,756 1,981,685 1,001,800 869,630 1,112,055
403 Solid Waste Utility 326,034 15,027,000 12,626,443 12,952,477 15,037,130 11,507,925 1,444,552
404 Golf Course 798,278 2,483,545 1,992,703 2,790,981 2,566,837 1,563,528 1,227,453
422 Airport Capital 633,154 1,578,000 66,676 699,830 1,831,485 532,712 167,118
424 Golf Course Capital 287,523 150,000 1,851 289,374 302,499 129,724 159,650
INTERNAL SERVICE FUNDS:
501 Equipment Repair/Replacement 4,593,399 3,631,241 3,038,285 7,631,684 3,414,047 2,565,078 5,066,606
502 Insurance 6,039,509 3,287,584 3,200,269 9,239,778 4,170,106 2,533,933 6,705,845
503 Information Services 1,647,931 4,194,774 3,115,297 4,763,228 4,841,706 2,846,813 1,916,415
504 Facilities 91,175 4,705,475 3,484,746 3,575,921 4,326,200 3,365,779 210,142
505 Communications 111,818 1,049,671 732,172 843,990 877,560 759,771 84,219
512 Insurance, Healthcare 4,792,452 12,358,471 9,114,646 13,907,098 12,462,810 7,530,190 6,376,908
522 Insurance, Leoff1 Retirees HC 2,820,473 2,235,684 1,513,607 4,334,080 2,248,907 895,214 3,438,866
FIDUCIARY FUNDS:
611 Firemen's Pension 4,332,817 300,000 126,111 4,458,928 550,475 315,017 4,143,911
Funds
Balance
01/01/2010
Budgeted
Revenue
Revenue
10/31/10
Total Funds
Available
Budgeted
Expenditure
Expenditure
10/31/10 Ending Balance
ENTERPRISE FUNDS: COMBINED UTILITIES 13,931,093 45,033,520 30,765,891 44,696,984 51,412,468 32,711,147 11,985,837
405 Water Utility 4,294,833 11,316,910 9,106,096 13,400,929 11,712,205 7,617,913 5,783,016
406 Waste Water Utility 1,887,815 6,065,737 4,754,233 6,642,048 6,837,864 5,332,761 1,309,287
407 Surface Water Utility 2,448,845 5,788,148 4,728,653 7,177,498 6,695,464 3,597,608 3,579,890
416 King County Metro 46,504 11,211,935 9,644,220 9,690,724 11,211,935 9,175,054 515,670
425 Water Utility Construction 2,862,275 3,460,000 212,982 3,075,257 5,510,000 1,687,295 1,387,962
426 Waste Water Construction 841,219 3,153,781 1,642,231 2,483,450 3,995,000 3,068,098 (584,648)
427 Surface Water Construction 1,533,997 4,037,009 677,325 2,211,322 5,450,000 2,232,418 (21,096)
461 Waterworks Bond Reserve ‐ ‐ ‐ ‐ ‐ ‐ ‐
471 Wa terworks Rate Stabilization 15,605 ‐ 151 15,756 ‐ ‐ 15,756
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 83,848,462 83,169,404 679,058 12,634,343
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 83,773,923 83,848,462 0.09%
Nov 99,823,464
Dec 105,584,156
Percent of budget 79.41%
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 24,338,474 7.95%
Nov 31,012,799
Dec 31,364,643
Percent of budget 77.60%
$‐
$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 15,969,376 ‐8.42%
Nov 18,929,142
Dec 20,857,000
Percent of budget 76.57%
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 12,083,388 2.28%
Nov 12,878,332
Dec 14,228,000
Percent of budget 84.93%
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 1,975,179 ‐2.42%
Nov 2,153,967
Dec 2,386,376
Percent of budget 82.77%
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 7,809,560 7,809,560 0.00%
Nov 11,451,131
Dec 11,804,803
Percent of budget 66.16%
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 5,288,635 ‐2.41%
Nov 5,880,908
Dec 6,425,185
Percent of budget 82.31%
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 2,768,039 ‐4.19%
Nov 3,234,625
Dec 3,577,193
Percent of budget 77.38%
$‐
$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 5,191,983 ‐4.00%
Nov 5,791,753
Dec 6,297,095
Percent of budget 82.45%
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 1,156,910 ‐0.15%
Nov 1,224,926
Dec 1,377,980
Percent of budget 83.96%
$‐
$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 7,266,920 7,266,920 0.00%
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 1,843,473 ‐10.47%
Nov 2,279,304
Dec 2,400,000
Percent of budget 76.81%
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 86,123,086 83,169,404 ‐3.43%
Nov 93,884,236
Dec 106,294,349
Percent of budget expended 78.24%
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 224,540 214,315 ‐4.55%
Nov 246,799
Dec 267,957
Percent of budget expended 79.98%
$‐
$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 1,657,900 ‐1.15%
Nov 1,836,905
Dec 2,016,361
Percent of budget expended 82.22%
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 1,322,666 ‐3.47%
Nov 1,499,437
Dec 1,635,047
Percent of budget expended 80.89%
$‐
$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 1,562,272 ‐14.75%
Nov 2,006,095
Dec 2,164,890
Percent of budget expended 72.16%
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 1,306,058 ‐5.67%
Nov 1,520,418
Dec 1,621,295
Percent of budget expended 80.56%
$‐
$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 773,457 710,580 ‐8.13%
Nov 845,873
Dec 918,169
Percent of budget expended 77.39%
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 441,919 429,145 ‐2.89%
Nov 483,769
Dec 518,399
Percent of budget expended 82.78%
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 2,784,616 ‐25.58%
Nov 4,083,716
Dec 4,792,981
Percent of budget expended 58.10%
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 22,423,952 ‐1.49%
Nov 25,377,250
Dec 28,022,582
Percent of budget expended 80.02%
$‐
$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 17,883,348 ‐1.12%
Nov 19,884,908
Dec 21,922,009
Percent of budget expended 81.58%
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 781,484 685,906 ‐12.23%
Nov 843,676
Dec 931,014
Percent of budget expended 73.67%
$‐
$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 693,393 640,780 ‐7.59%
Nov 748,914
Dec 874,359
Percent of budget expended 73.29%
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 166,956 144,975 ‐13.17%
Nov 183,659
Dec 200,440
Percent of budget expended 72.33%
$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 5,510,153 ‐2.89%
Nov 6,234,493
Dec 6,865,275
Percent of budget expended 80.26%
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 57,276,666 ‐3.19%
Nov 65,394,946
Dec 72,750,777
Percent of budget expended 78.73%
$‐
$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 8,057,325 ‐6.94%
Nov 9,532,347
Dec 10,492,749
Percent of budget expended 76.79%
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 7,077,725 0.97%
Nov 7,716,929
Dec 8,549,762
Percent of budget expended 82.78%
$‐
$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 429,422 374,878 ‐12.70%
Nov 467,929
Dec 532,227
Percent of budget expended 70.44%
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 2,280,221 2,280,221 0.00%
Nov 2,218,990
Dec 2,607,263
Percent of budget expended 87.46%
$‐
$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 164,641 159,284 ‐3.25%
Nov 180,555
Dec 194,120
Percent of budget expended 82.05%
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 23,602 ‐18.30%
Nov 29,897
Dec 34,311
Percent of budget expended 68.79%
$‐
$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 2,696 ‐88.81%
Nov 24,669
Dec 25,000
Percent of budget expended 10.78%
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 7,917,008 0.00%
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 40,859,646 36,031,261
Nov 40,547,974
Dec 45,924,856
Percent of budget expended 78.46%
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
$1.60
$1.80
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 1,565,756 869,630
Nov 913,982
Dec 1,001,800
Percent of budget expended 86.81%
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
$1.80
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 1,992,703 1,563,528
Nov 1,994,766
Dec 2,566,837
Percent of budget expended 60.91%
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