HomeMy WebLinkAbout201603, MarchADMINISTRATIVE SERVICES
DEPARTMENT
M E M O R A N D U M
DATE: May 9, 2016
TO: Randy Corman, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: March 2016 Financial Status Report
At the end of March, general governmental revenues show $2.8 million or 14.7% over budget.
Revenue source(s) that are higher than expected are: property tax ($183k); sales tax ($222k);
utility taxes ($287k); gambling taxes ($216k); real estate excise taxes ($389k); building permits
& development service fees ($633k); public safety ($107k) and seizure funds ($661k, restricted
to drug enforcement and not available for general purposes). If we remove the seizure funds,
general governmental revenues are $2.1 million or 11.2% over budget. March did not have any
major revenues that were $100k under budget.
General government expenditures showed a favorable variance of $517k or 1.9%. See page 10
of report for further expenditure over‐spent explanations.
The attached report provides more detailed discussion of each revenue source and our updated
projections for the year. Please do not hesitate to contact me at x6952 should you have any
questions or any suggestions about the report.
This page is intentionally left blank
General Governmental Funds
$%
Beginning Fund Balance 17,454,261$ 17,454,261$ 17,565,282$ 17,565,282$ 13,433,567$ 13,433,567$ 19,962,845$ 6,529,278 48.6%
OPERATING REVENUES
Property Tax 35,295,390 1,701,026 36,369,429 1,313,457 37,213,314 1,450,568 1,633,550 182,982 12.6%
Sales Tax 21,512,379 5,248,928 23,439,266 5,692,874 23,999,421 5,931,368 6,153,800 222,432 3.8%
Sales Tax ‐ Annexation Credit 2,542,394 618,612 2,778,858 673,289 2,748,167 667,204 728,203 60,998 9.1%
Criminal Justice Sa les Tax 2,267,947 562,564 2,484,718 609,416 2,580,795 636,409 665,383 28,973 4.6%
Natural Gas Use Tax 271,485 99,781 228,899 78,954 268,000 92,441 72,943 (19,497) ‐21.1%
Admission Tax 310,311 80,243 309,790 85,153 320,000 85,352 77,752 (7,599) ‐8.9%
Franchise Fees 1,342,269 323,121 1,349,154 333,343 1,260,000 307,326 348,118 40,792 13.3%
Electricity Tax 5,167,444 1,547,772 5,012,962 1,299,617 4,946,019 1,383,367 1,600,340 216,973 15.7%
Natural Gas Utility Tax 1,562,341 694,379 1,437,552 578,683 1,350,900 573,281 557,961 (15,320) ‐2.7%
Garbage/Solid Waste 573,457 150,679 638,073 134,850 580,000 136,692 153,593 16,900 12.4%
TV Cable 1,518,821 348,235 1,591,866 361,627 1,629,365 371,823 371,036 (787) ‐0.2%
Telephone 909,088 258,930 880,233 260,572 952,500 276,544 244,707 (31,837) ‐11.5%
Cellular Phone 1,951,925 508,427 1,674,355 425,016 1,671,056 430,147 437,934 7,787 1.8%
City Utilities 3,961,052 920,917 4,183,165 975,860 4,208,377 980,126 981,340 1,215 0.1%
Utility Tax Audit 460,513 ‐ 1,962,092 ‐ ‐ ‐ 111,227 111,227 100.0%
Leasehold Excise Tax 171,470 10,618 163,314 11,601 179,000 11,880 713 (11,166) ‐94.0%
Gambling Excise Tax 1,650,384 418,580 2,299,156 511,743 1,600,000 376,884 592,965 216,081 57.3%
Real Estate Excise Tax 4,348,762 838,225 4,595,166 728,573 4,000,000 1,221,136 1,610,258 389,122 31.9%
Less: CIP REET (1,650,000) (158,968) (1,401,300) (182,143) (2,000,000) (805,129) (805,129) ‐ 0.0%
EMS Levy ‐ ‐ 936,406 ‐ 946,000 ‐ ‐ ‐ 0.0%
B&O Taxes ‐ ‐ ‐ ‐ 5,000,000 ‐ ‐ ‐ 0.0%
Less: CIP B&O Taxes ‐ ‐ ‐ ‐ (2,000,000) ‐ ‐ ‐ 0.0%
Business License Fees 2,965,850 771,729 3,125,740 836,181 1,811,000 1,078,038 866,595 (211,443) ‐19.6%
Less: CIP Business License Fees (2,450,295) (638,231) (2,584,164) (691,643) (1,509,000) (878,609) (717,651) 160,958 ‐18.3%
Animal Licenses and Spec Events Permits 95,698 28,113 101,743 29,720 91,000 28,291 24,160 (4,131) ‐14.6%
Building Permits & Development Svc Fees 4,519,234 1,233,397 6,077,055 864,986 5,173,368 1,025,109 1,658,442 633,333 61.8%
Intergovt'l (Grants, State Shared, etc) 5,438,901 1,492,870 4,053,617 919,084 3,652,084 925,698 954,547 28,849 3.1%
Fire District 25 and 40 Contracts 5,959,428 151,469 6,369,132 158,163 6,128,712 164,356 164,356 ‐ 0.0%
Public Safety 844,375 206,806 649,797 163,218 630,135 155,712 262,299 106,586 68.5%
Culture and Recreation 1,485,123 204,853 1,587,878 183,247 1,778,093 224,562 272,407 47,846 21.3%
Interfund/Interdept‐Services 3,270,503 846,300 3,106,430 789,552 3,766,874 941,719 864,644 (77,074) ‐8.2%
Fines and Penalties 962,977 258,026 848,052 142,646 1,126,500 250,848 134,548 (116,301) ‐46.4%
Photo Enforcement 1,719,971 233,688 2,171,184 471,928 2,194,000 397,857 483,189 85,332 21.4%
Seizure Funds ‐ Federal/State/Local 68,870 (470) 21,676 ‐ 50,000 (259) 661,152 661,412 ‐255105.6%
Interests and Other Earnings 981,630 35,420 973,208 161,599 875,300 88,217 165,180 76,963 87.2%
Rents, Leases, and Concessions 711,070 262,643 762,361 248,863 545,116 189,238 189,094 (144) ‐0.1%
Contributions and Donations 113,626 27,847 147,292 30,402 97,000 21,655 35,013 13,358 61.7%
Other Miscellaneous 879,105 252,357 941,127 264,403 705,630 197,655 243,599 45,944 23.2%
Other Financing Sources (Transfer ‐In, etc) 48,632 2,375 270,224 500 250,000 62,500 ‐ (62,500) ‐100.0%
Total Operating Revenues 111,782,133 19,541,262 119,555,505 18,465,333 118,818,726 19,000,004 21,798,267 2,798,263 14.7%
OPERATING EXPENDITURES
Council 309,317 84,100 320,877 88,145 348,161 95,160 99,419 (4,259) ‐4.5%
Executive 1,338,738 296,472 1,691,189 319,885 1,772,884 360,645 486,643 (125,998) ‐34.9%
City Attorney 1,829,254 419,299 1,791,167 443,297 2,213,353 527,350 498,957 28,393 5.4%
Court Services 2,016,273 487,984 2,013,364 477,408 2,187,710 524,116 508,523 15,593 3.0%
Community and Eco Dvlpmnt Admin 1,010,761 249,681 1,183,052 266,079 1,163,302 273,489 286,282 (12,792) ‐4.7%
Development Services 2,659,078 683,399 2,632,264 653,820 3,051,790 771,244 676,129 95,115 12.3%
Economic Development 654,007 136,650 658,515 171,373 902,274 211,746 166,805 44,942 21.2%
Planning 2,095,706 426,860 2,606,551 616,614 3,243,237 719,704 630,155 89,550 12.4%
Finance 2,644,827 505,966 3,132,812 531,013 2,927,787 525,483 642,161 (116,678) ‐22.2%
City Clerk 1,152,246 380,731 1,027,084 194,321 1,151,870 303,940 242,432 61,508 20.2%
Human Resources 922,668 203,164 1,182,629 256,191 1,372,669 299,503 299,054 449 0.1%
Police 26,383,640 6,598,483 28,144,699 6,971,905 30,007,426 7,467,904 7,159,946 307,958 4.1%
Jail Services 3,760,273 940,029 4,142,266 1,034,578 4,703,000 1,176,073 1,176,073 ‐ 0.0%
Fire 25,240,760 6,727,201 26,536,999 7,236,866 27,970,913 7,543,542 7,516,586 26,956 0.4%
Community Services Admin 480,727 120,240 509,439 131,187 562,434 142,816 155,142 (12,327) ‐8.6%
Parks 4,070,181 856,188 4,411,383 958,044 5,025,610 1,074,993 949,380 125,614 11.7%
Parks Planning & Natural Resources 722,739 148,948 808,558 151,169 1,125,443 220,574 165,213 55,361 25.1%
Recreation 4,823,195 928,117 5,087,811 1,048,007 5,338,949 1,064,517 1,078,551 (14,034) ‐1.3%
Human Services 1,159,189 249,760 1,225,835 251,898 1,212,606 255,056 269,088 (14,032) ‐5.5%
Neighborhoods, Resources, & Events 875,223 200,847 958,624 197,567 1,049,871 228,091 213,473 14,618 6.4%
Museum 214,291 49,955 227,094 56,379 235,281 56,682 55,330 1,352 2.4%
Public Works Admin 389,493 95,355 387,493 96,942 413,579 102,357 100,509 1,848 1.8%
Street Maintenance 4,503,315 980,862 5,061,723 1,213,907 5,399,313 1,238,913 1,236,414 2,499 0.2%
Transportation 4,263,725 921,240 4,975,059 1,186,713 5,109,047 1,165,698 1,219,946 (54,249) ‐4.7%
Debt Service 8,393,140 303,355 6,371,715 298,456 6,248,676 295,075 295,075 ‐ 0.0%
Non‐Departmental and Other 9,758,346 633,063 10,069,740 888,765 3,638,924 917,099 917,099 ‐ 0.0%
Total Operating Expenditures 111,671,112 23,627,952 117,157,942 25,740,531 118,376,109 27,561,769 27,044,383 517,387 1.9%
Total Ending Fund Balance 17,565,282$ 13,367,571$ 19,962,846$ 10,290,085$ 13,876,184$ 4,871,802$ 14,716,730$ 9,844,927$ 202.1%
Favorable (Unfavorable)
2014 2015 2016 Variance
Annual Actual YTD Actual Annual Budget YTD Budget YTD ActualSummary of Sources and Uses Annual Actual YTD Actual
Monthly Financial Report March 2016
Page 1 of 38
Monthly Financial Report March 2016
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through March 31, 2016. 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 two years. The table on the previous page summarizes the general governmental fund
revenues and expenditures.
Revenues
Taxes
The combined collection of property, sales/use, utility, gambling, admissions, and real estate excise taxes represents 68% of all
resources supporting general governmental activities. The following section provides detail information on property, sales,
utility, and other taxes.
Property Tax
March’s collection is $1.3 million,
making the total year‐to‐date
collection $1.6 million or 4.4% of
the total budget. In comparison
to the previous year, the City
collected $320k or 24% more.
Compared to the budget, the City
is above projections by $183k or
13%.
Sales Tax
March 2016 sales tax receipts
totaled $1.9 million. Compared
with the same month last year, it
is $181k or 11% more. Compared
to the projected current month’s
budget, it is $77k or 4% above.
The year‐to‐date collection of
$6.2 million is $461k or 8% more
than the prior year and is also
$222k or 4% more than budgeted.
New Construction and Auto Sales
are the sectors that are collecting
more than anticipated. 2016’s
monthly budgets are generally
based on 2010 through 2015
collections.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 67,234$ 3,065$ 44,745$ (22,489)$ ‐33% 41,681$ 1360%
Feb 307,006 373,244 315,119 8,113 3% (58,125) ‐16%
Mar 939,218 1,074,259 1,273,685 334,468 36% 199,426 19%
Apr 10,160,118 8,131,093
May 7,583,868 9,072,513
Jun 147,318 34,492
Jul 65,395 518,865
Aug 94,817 439,220
Sep 561,525 520,828
Oct 6,263,616 8,267,195
Nov 9,975,046 7,836,248
Dec 204,271 942,291
YTD Total 1,313,457$ 1,450,568$ 1,633,550$ 320,093$ 24% 182,982$ 13%
Annual Total 36,369,429$ 37,213,314$
Property Tax Revenues
Year to Date through March
2016 vs. 2015 2016 vs. Budget
Month
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 1,758,332$ 1,862,249$ 1,978,530$ 220,198$ 13% 116,281$ 6%
Feb 2,260,395 2,291,583 2,320,497 60,102 3% 28,913 1%
Mar 1,674,147 1,777,535 1,854,773 180,626 11% 77,238 4%
Apr 1,750,506 1,766,278 ‐
May 1,977,843 2,098,153 ‐
Jun 1,677,458 1,842,450 ‐
Jul 1,866,949 1,907,549 ‐
Aug 2,178,289 2,108,862 ‐
Sep 2,100,591 2,030,965 ‐
Oct 2,014,951 2,100,010 ‐
Nov 2,158,753 2,153,518 ‐
Dec 2,021,053 2,060,268 ‐
YTD Total 5,692,874$ 5,931,368$ 6,153,800$ 460,926$ 8% 222,432$ 4%
An nual Total 23,439,266$ 23,999,421$
2016 vs. Budget2016 vs. 2015
Month
Year to Date through March
Local Retail Sales Tax Revenues
Page 2 of 38
Monthly Financial Report March 2016
The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business
sectors:
Utility tax
March utility tax revenues are
$1.4 million, which is $120k or 8%
lower than the same month last
year and is also lower than the
budget by $129k or 8%. The year‐
to‐date collection is $4.5 million,
which is $416k or 10% higher than
the prior year and is also $287k or
7% higher than the budget. The
favorable variance is due to
collecting more than anticipated
in Electrical and Utility Tax Audit
proceeds.
The table below breaks out Utility Tax by source. The favorable utility tax audit revenues are gross and do not include the
related audit fees ($26k).
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 1,199,348$ 1,272,858$ 1,509,960$ 310,612$ 26% 237,102$ 19%
Feb 1,371,771 1,418,341 1,597,348 225,577 16% 179,007 13%
Mar 1,544,060 1,553,221 1,423,774 (120,286) ‐8% (129,448) ‐8%
Apr 1,263,898 1,221,113
May 1,262,764 1,307,620
Jun 1,815,284 1,318,211
Jul 2,175,167 1,165,160
Aug 1,351,000 1,299,385
Sep 1,214,144 1,203,343
Oct 1,204,406 1,193,676
Nov 1,342,058 1,262,186
Dec 1,865,296 1,391,102
YTD Total 4,115,178$ 4,244,420$ 4,531,081$ 415,903$ 10% 286,661$ 7%
Annual Total 17,609,196$ 15,606,217$
2016 vs. Budget2016 vs. 2015
Year to Date through March
Utility Tax Revenues
Month
Sales Tax by Sector 2015 2016 Bgt YTD Act Change 2016/2015 2016 Act vs Bgt
New Construction 612,005$ 756,551$ 873,553$ 261,548$ 43%$ 117,003 15%
Auto Sales 1,060,781 1,104,518 1,189,828 129,047 12% 85,310 8%
General Retail 1,832,826 1,857,298 1,874,318 41,492 2% 17,020 1%
Manufacturing 497,222 446,111 431,563 (65,658) ‐13% (14,548)‐3%
Wholesale 275,396 283,360 276,840 1,444 1% (6,519)‐2%
Service 1,254,011 1,340,582 1,357,842 103,832 8% 17,260 1%
Other 160,632 142,949 149,854 (10,778) ‐7% 6,906 5%
YTD Total 5,692,874$ 5,931,368$ 6,153,800$ 460,926$ 8%222,432$ 4%
Note: Excludes Annexation Credit and Criminal Justice Sales Tax revenue.
Utility Tax by Type 2015 2016 Bgt YTD Act Change 2016/2015 2016 Act vs Bgt
Electrical 1,299,617$ 1,383,367$ 1,600,340$ 300,723$ 23%$ 216,973 16%
Natural Gas 657,637 665,721 630,904 (26,733) ‐4% (34,817)‐5%
Cell 425,016 430,147 437,934 12,918 3% 7,787 2%
Phone 260,572 276,544 244,707 (15,865) ‐6% (31,837)‐12%
Cable 361,627 371,823 371,036 9,409 3% (787) 0%
Garbage/Solid Waste 134,850 136,692 153,593 18,743 14% 16,900 12%
City Utilities 975,860 980,126 981,340 5,480 1% 1,215 0%
Utility Tax Audit ‐ ‐ 111,227 111,227 100% 111,227 100%
YTD Total 4,115,178$ 4,244,420$ 4,531,081$ 415,903$ 10%286,661$ 7%
Annual Total 17,609,196$ 15,606,217$
YTD as % of 23% 27%
Page 3 of 38
Monthly Financial Report March 2016
Other Taxes
Real Estate Excise Tax
The City collected $208k in Real
Estate Excise Tax revenues (REET)
for March. This is $135k or 39%
less than the same month last
year and is also $46k or 18% less
than the current month’s budget.
The year‐to‐date collection is $1.6
million, which is $882k or 121%
more than the prior year and is
also $389k or 32% above the
budget. The higher than expected
variance is due to 9 large
transactions in December and
January which accounts for $868k
of the total REET collected.
Gambling Tax
March’s Gambling Tax collections
totaled $195k, which is $26k or
15% above the same month last
year and is also above the current
month’s budget by $64k or 49%.
The year‐to‐date total of $593k is
$81k or 16% above the prior year
and is also $216k or 57% above
budget. $22k of the year‐to‐date
collections are from a payment
plan of back taxes earned in
2013/2014.
Pull tabs overall had a 5%
increase, bingo had an 81%
decrease (bingo establishment
closed December 2015), and card‐rooms are seeing 19% higher in activities when compared to the prior year.
Franchise Fees
Franchise Fees are due quarterly
in January, April, July, and
October. The year‐to‐date total
of $348k is $15k or 4% higher
than the prior year and is also
$41k or 13% above the projected
year‐to‐date budget.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 226,377$ 704,460$ 1,204,479$ 978,102$ 432% 500,019$ 71%
Feb 158,616 262,383 197,327 38,710 24% (65,057) ‐25%
Mar 343,579 254,292 208,452 (135,127) ‐39% (45,840) ‐18%
Apr 438,485 499,832
May 394,014 212,496
Jun 478,186 388,332
Jul 563,474 292,984
Aug 281,921 219,801
Sep 449,693 227,860
Oct 497,978 312,965
Nov 325,743 139,520
Dec 437,098 485,073
YTD Total 728,573$ 1,221,136$ 1,610,258$ 881,685$ 121% 389,122$ 32%
Annual Total 4,595,166$ 4,000,000$
Mo nth
2016 vs. Budget2016 vs. 2015
Real Estate Excise Tax Revenues
Year to Date through March
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 158,293$ 117,510$ 189,749$ 31,457$ 20% 72,239$ 61%
Feb 184,189 128,540 207,961 23,772 13% 79,420 62%
Mar 169,262 130,833 195,255 25,993 15% 64,421 49%
Apr 207,646 126,243 ‐
May 183,090 130,206 ‐
Jun 174,036 125,477 ‐
Jul 194,895 128,616 ‐
Aug 226,785 144,692 ‐
Sep 180,986 129,810 ‐
Oct 215,119 150,141 ‐
Nov 212,838 149,793 ‐
Dec 192,018 138,138 ‐
YTD Total 511,743$ 376,884$ 592,965$ 81,221$ 16% 216,081$ 57%
Annual Total 2,299,156$ 1,600,000$
2016 vs. 2015
Gambling Tax Revenue
Month
Year to Date through March
2016 vs. Budget
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 333,343$ 307,326$ 348,118$ 14,775$ 4% 40,792$ 13%
Apr 335,218 308,402 ‐
Jul 340,657 311,290 ‐
Oct 339,936 309,807 ‐
Dec ‐ 23,175 ‐
YTD Total 333,343$ 307,326$ 348,118$ 14,775$ 4% 40,792$ 13%
Annual Total 1,349,154$ 1,260,000$
Franchise Fees Revenue
Year to Date through March
Month
2016 vs. 2015 2016 vs. Budget
Page 4 of 38
Monthly Financial Report March 2016
Admission Tax
Admission Tax returns are due
quarterly in January, April, July,
and October of each year.
January 2016 collections
represent activities conducted
during the 4th quarter of 2015.
The year‐to‐date collection of
$78k is $7k or 9% less than the
prior year and is also $8k or 9%
less than the budget.
Business & Occupation Tax
Business and Occupation (B&O)
Tax is a new revenue source for
the City in 2016. It was adopted
by the Council in the 2015/2016
biennial budget. Businesses with
gross receipts of $1.5 million or
more per year, earned within the
City of Renton, will be required to
file and pay B&O tax, in lieu of the
Per Employee Fee, which is
currently reported as Business
License revenue. Businesses that
are required to pay B&O tax do
not pay the Per Employee Fee and
businesses that do not meet the
$1.5 million threshold, will
continue to pay the Per Employee
Fee. Depending on the business size, some businesses will be paying B&O tax on quarterly basis and others will be paying
annually. April 2016 is the first collection month for quarterly B&O filers. Annual filers will not pay their first B&O payment until
2017, once they have a full years’ worth of revenue activity to report.
Licenses and Permits
Business Licenses
Business Licenses totaled $32k for
March, which is $6k or 21% above
the same month last year and is
also $15k or 95% above the
current month’s budget. The
year‐to‐date Business Licenses
revenue of $867k is $30k or 4%
above the prior year but is below
the budget by $211k or 20%. The
annual budget was decreased due
to the City adopting the Business
& Occupation Tax for 2016.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 83,675$ 84,589$ 76,393$ (7,282)$ ‐9% (8,196)$ ‐10%
Feb 1,371 707 1,360 (11) ‐1% 652 92%
Mar 106 55 ‐
Apr 65,108 71,870 ‐
May 1,523 786 ‐
Jun ‐ 75 ‐
Jul 82,804 83,565 ‐
Oct 75,167 78,334 ‐
Nov 35 18 ‐
YTD Total 85,153$ 85,352$ 77,752$ (7,294)$ ‐9% (7,544)$ ‐9%
Annual Total 309,790$ 320,000$
2016 vs. Budget
Admission Tax Revenue
Year to Date through March
Month
2016 vs. 2015
2015 2016 2016
Actual Budget Actual $ % $ %
Jan ‐$ ‐$ ‐$
Feb ‐ ‐ ‐
Mar ‐ ‐ ‐
Apr ‐ 1,666,667 ‐
May ‐ ‐ ‐
Jun ‐ ‐ ‐
Jul ‐ 1,666,667 ‐
Aug ‐ ‐ ‐
Sep ‐ ‐ ‐
Oct ‐ 1,666,667 ‐
Nov ‐ ‐ ‐
Dec ‐ ‐ ‐
YTD Total ‐$ ‐$ ‐$ ‐$ N/A ‐$ N/A
Annual Total ‐$ 5,000,000$
*Total Business & Occupation Taxes (GF & CIP)
Business & Occupation Taxes*
Year to Date through March
Month
2016 vs. 2015 2016 vs. Budget
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 588,093$ 952,446 559,894$ (28,199)$ ‐5% (392,552)$ ‐41%
Feb 222,022 109,398 275,059 53,038 24% 165,662 151%
Mar 26,067 16,194 31,642 5,575 21% 15,448 95%
Apr 513,360 118,272 ‐
May 167,985 75,750 ‐
Jun 25,663 19,444 ‐
Jul 645,791 181,556 ‐
Aug 134,328 68,456 ‐
Sep 29,333 17,246 ‐
Oct 637,451 173,662 ‐
Nov 117,394 67,012 ‐
Dec 18,254 11,564 ‐
YTD Total 836,181$ 1,078,038$ 866,595$ 30,414$ 4% (211,443)$ ‐20%
An nual Total 3,125,740$ 1,811,000$
*Total Business License (GF & CIP)
Business Licenses*
Month
2016 vs. 2015
Year to Date through March
2016 vs. Budget
Page 5 of 38
Monthly Financial Report March 2016
Building Permits and
Development Service Fees
Building Permits and
Development Service Fee
revenues totaled $584k in March.
The year‐to‐date development
fees revenue of $1.7 million is
$793k or 92% more than the year
before and is also $633k or 62%
higher than budget. The large
variances in January and March
are due to large payments for
building permits and plan review
(Southport Developer, Group
Health Projects, and Boeing).
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
90% of the total
revenues in this category. The year‐to‐date total Intergovernmental revenue is $1.8 million or 13% of the budget.
State Shared Revenues
State Shared Revenue
collections totaled $1.4
million since the start of
the year. Compared to
the prior year, State
Shared Revenues are
above by $154k or 12%.
Compared to the
projected budget, the
City is collecting $64k or
5% more. The higher
than expected collection
is due to collecting more
than anticipated
Criminal Justice’s Sales Tax and Criminal Justice’s High Crime.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 260,603$ 341,282$ 661,363$ 400,760$ 154% 320,081$ 94%
Feb 328,557 364,818 413,420 84,863 26% 48,602 13%
Mar 275,826 319,009 583,658 307,832 112% 264,650 83%
Apr 655,282 492,468
May 235,121 291,407
Jun 1,024,848 723,808
Jul 873,549 585,030
Aug 454,971 378,288
Sep 586,213 478,819
Oct 462,191 425,333
Nov 427,863 326,114
Dec 492,031 446,990
YTD Total 864,986$ 1,025,109$ 1,658,442$ 793,455$ 92% 633,333$ 62%
Annual Total 6,077,055$ 5,173,368$
Building Permits and Development Service Fees
Year to Date through March
2016 vs. Budget2016 vs. 2015
Month
Intergovernmental 2015 2016 Bgt YTD Act Change 2016/2015 2016 Act vs Bgt
Fire District #25 ‐$ ‐$ ‐$ ‐$ N/A $ ‐ N/A
Fire District #40 158,163 164,356 164,356 6,193 4%‐ 0%
State Shared Revenue 1,294,100 1,384,554 1,448,340 154,240 12% 63,786 5%
Federal Grants 133,343 65,938 65,938 (67,405) ‐51%‐ 0%
State Grants 12,147 25,065 25,065 12,918 106%‐ 0%
Other Grants/Intgovt 88,911 86,550 80,587 (8,324) ‐9% (5,963) ‐7%
ARRA Grants ‐ 0 ‐ ‐ N/A ‐ 0%
Total Rev YTD 1,686,664$ 1,726,463$ 1,784,286$ 97,622$ 6%57,823$ 3%
Total Rev Annual 13,842,673$ 13,307,591$
YTD % 12% 13% 13%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
2015 2016 2016
Actual Budget Actual $ % $ %
Crim Just Sales Tax 609,416$ 636,409$ 665,383$ 55,966$ 9% 28,973$ 5%
Judicial Contribution 5,409 ‐ 6,100 691 13% 6,100 100%
Crim Just ‐ High Crime 62,861 59,003 77,796 14,935 24% 18,793 32%
Crim Just ‐ Pop 6,345 5,837 6,626 281 4% 789 14%
Crim Just ‐ Spec Prog 23,311 21,663 24,226 915 4% 2,563 12%
State DUI 4,272 4,636 3,873 (399) ‐9% (762) ‐16%
Marijuana Enforcement ‐ ‐ 2,927 2,927 100% 2,927 100%
Liquor Profits 212,978 212,622 212,574 (405) 0% (48) 0%
Liquor Excise Tax 48,351 110,628 104,339 55,989 116% (6,288) ‐6%
Fuel Tax 321,156 333,757 344,496 23,340 7% 10,739 3%
YTD Total 1,294,100$ 1,384,554$ 1,448,340$ 154,240$ 12% 63,786$ 5%
Annual Total 5,439,235$ 5,672,795$
2016 vs. Budget
State Shared Revenues
2016 vs. 2015
Revenue
Year to Date through March
Page 6 of 38
Monthly Financial Report March 2016
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. Recreation and interfund/interdepartmental sales and services constitute 64%
of the total revenue in this category. The year‐to‐date total charges for services are $1.8 million or 22% of the budget. The
following sections provide detail information for Public Safety, Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totaled
$262k since the start of the year.
These services include private
security, adult probation services,
monitoring of prisoners, and
intergovernmental public safety
services (non‐grants). Compared
to the prior year, the City is
collecting $99k or 61% more.
Compared to the year‐to‐date
budget, the City is over budget by
$107k or 68%. The variance with
the prior year and budget is due
to collecting 2 large
payments/reimbursements for
electronic home detention and
School Resource Office programs.
Recreation
Recreation revenues totaled $61k
for the current month. Compared
to the same month the prior year,
the City collected $25k or 69%
more. Compared to the projected
monthly budget, the City
collected $1k or 2% more. The
year‐to‐date collection of $272k is
$89k or 49% higher than the year
before and is also $48k or 21%
higher than the year‐to‐date
budget. The variance with the
prior year and monthly budget is
due to a change in how the
recreation class revenues are
recorded. The City is now
recognizing class revenues as the classes begin instead of when they are paid. The City currently has $278k in class revenues to
be recognized as soon as the classes begin.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 58,509$ 74,126$ 104,644$ 46,135$ 79% 30,518$ 41%
Feb 42,228 36,766 99,623 57,395 136% 62,858 171%
Mar 62,481 44,821 58,031 (4,450) ‐7% 13,211 29%
Apr 146,715 77,816 ‐
May 55,309 38,231 ‐
Jun 33,004 59,020 ‐
Jul 39,540 40,294 ‐
Aug 59,046 51,865 ‐
Sep 23,104 28,310 ‐
Oct 33,339 94,331 ‐
Nov 46,384 35,303 ‐
Dec 51,339 49,254 ‐
YTD Total 163,218$ 155,712$ 262,299$ 99,081$ 61% 106,586$ 68%
Annual Total 650,997$ 630,135$
Year to Date through March
Public Safety Services
2016 vs. 2015 2016 vs. Budget
Month
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 117,124$ 107,996$ 163,783$ 46,659$ 40% 55,787$ 52%
Feb 30,177 57,312 48,009 17,832 59% (9,303) ‐16%
Mar 35,946 59,253 60,615 24,669 69% 1,362 2%
Apr 91,404 156,624 ‐
May 64,015 98,820 ‐
Jun 227,942 231,605 ‐
Jul 428,943 432,581 ‐
Aug 313,197 323,551 ‐
Sep 119,720 138,191 ‐
Oct 55,478 74,116 ‐
Nov 61,601 56,695 ‐
Dec 42,331 41,348 ‐
YTD Total 183,247$ 224,562$ 272,407$ 89,161$ 49% 47,846$ 21%
Annual Total 1,587,878$ 1,778,093$
Recreation
Year to Date through March
2016 vs. Budget2016 vs. 2015
Month
Page 7 of 38
Monthly Financial Report March 2016
Interfund Services
The year‐to‐date collections for
Interfund Services revenues are
$865k. Compared to the prior
year, the revenues are over by
$75k or 10%. Compared to the
projected budget, the revenues
are below by $77k or 8%. 2016’s
monthly budgets are based on
1/12th of the annual budget. The
majority of these revenues are
related to indirect cost
allocations, which are internal
administrative costs. The
remaining costs consist of
Development Services division’s
inspection fees, Parks Planning
and Natural Resources division’s capital investment program reimbursements, 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
$618k. This is $3k or 1% higher
than a year ago but is $31k or 5%
below the budget. The reason for
the variance with the budget is
due to a change in accounting for
December 2014’s revenue. In the
past we would record December
through November, but starting in
2015 we are recording January through December. 2016’s budget is based on 2014/2015 activity.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 265,068$ 313,906$ 272,841$ 7,774$ 3% (41,065)$ ‐13%
Feb 264,413 313,906 286,748 22,336 8% (27,158) ‐9%
Mar 260,071 313,906 305,054 44,983 17% (8,852) ‐3%
Apr 248,466 313,906 ‐
May 260,774 313,906 ‐
Jun 292,480 313,906 ‐
Jul 252,451 313,906 ‐
Aug 248,774 313,906 ‐
Sep 247,822 313,906 ‐
Oct 283,145 313,906 ‐
Nov 257,874 313,906 ‐
Dec 225,093 313,906 ‐
YTD Total 789,552$ 941,719$ 864,644$ 75,092$ 10% (77,074)$ ‐8%
Annual Total 3,106,430$ 3,766,874$
Interfund Services
Year to Date through March
2016 vs. 2015 2016 vs. Budget
Month
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 124,856$ 152,177$ 136,421$ 11,565$ 9% (15,756)$ ‐10%
Feb 213,981 215,466 217,667 3,686 2% 2,201 1%
Mar 275,737 281,062 263,648 (12,088) ‐4% (17,414) ‐6%
Apr 245,206 298,933
May 257,217 273,396
Jun 268,116 288,287
Jul 221,949 246,930
Aug 280,257 313,023
Sep 272,343 299,806
Oct 260,327 290,029
Nov 281,222 333,431
Dec 318,027 327,959
YTD Total 614,574$ 648,705$ 617,736$ 3,163$ 1% (30,969)$ ‐5%
Annual Total 3,019,236$ 3,320,500$
2016 vs. Budget2016 vs. 2015
Year to Date through March
Fines and Penalties by Month
Month
Year to Date through March
2015 2016 2016
Actual Budget Actual $ % $ %
Civil Penalties 613$ 4,162$ 443$ (170)$ ‐28% (3,719)$ ‐89%
Civil Infraction Penalties 65,274 140,777 57,595 (7,679) ‐12% (83,182) ‐59%
Civil Parking Infraction Penalties 22,534 40,024 24,738 2,203 10% (15,286) ‐38%
Photo Enforcement Program 471,928 397,857 483,189 11,261 2% 85,332 21%
Criminal Traffic Misdemeanor Fines 13,831 22,816 9,646 (4,185) ‐30% (13,170) ‐58%
Criminal Non‐Traffic Fines 13,828 12,205 6,679 (7,149) ‐52% (5,526) ‐45%
Criminal Costs 19,631 26,844 18,036 (1,594) ‐8% (8,807) ‐33%
Non‐Court Fines, Forfeitures and Penalties 6,935 4,021 17,411 10,476 151% 13,390 333%
YTD Total 614,574$ 648,705$ 617,736$ 3,163$ 1% (30,969)$ ‐5%
Annual Total 3,019,236$ 3,320,500$
Revenue
2016 vs. Budget
Fines and Penalties by Type
2016 vs. 2015
Page 8 of 38
Monthly Financial Report March 2016
Included in the Fines and Penalties revenue
budget is $2.2 million from the Photo
Enforcement program. The monthly budget is
based on the prior year’s revenue. The year‐to‐
date collections from this program equates to
$483k.
The associated costs includes the equipment
provided by American Traffic Solutions, Inc.
(ATS), dedicated 1 FTE in the Court Services
Department to process the increased caseload
and 1.1 FTEs in the Police Department for
support services. This staff time, along with a
50% pro tem budget and interpreter costs
amounts to $320k for personnel costs. The
total costs for the program equates to $1.1
million which is represented in the table. Due
to the timing of when the invoice was received,
January 2016’s equipment rental cost was recorded in February.
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. The year‐to‐date total
miscellaneous is $1.2 million.
Compared to last year, the
revenues are above by $600k or
102%. Compared to the projected
year‐to‐date budget, the revenues
are over by $789k or 198%. The
large variance with the prior year
and budget is due to collecting
more than anticipated Seizure
Funds. These funds are restricted to drug enforcement only and are not available for general operating purposes.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 269,664$ 188,129$ 258,876$ (10,789)$ ‐4% 70,746$ 38%
Feb 135,539 93,042 802,908 667,369 492% 709,866 763%
Mar 182,386 117,720 125,950 (56,436) ‐31% 8,230 7%
Apr 132,893 81,460
May 144,753 97,064
Jun 215,629 191,018
Jul 189,913 59,333
Aug 199,969 124,538
Sep 139,977 302,554
Oct 173,512 118,474
Nov 148,227 109,398
Dec 435,114 386,687
YTD Total 587,589$ 398,891$ 1,187,734$ 600,145$ 102% 788,843$ 198%
Annual Total 2,367,576$ 1,869,416$
Ye ar to Date through March
Month
2016 vs. Budget2016 vs. 2015
Miscellaneous Revenues by Month
Favorable
16 Budget 16 Actual 16 Budget 16 Actual (Unfavorable)1
Jan 103,426$ 131,281$ 89,912$ 26,662$ 104,619$
Feb 124,175 167,005 89,912 97,181 69,824
Mar 170,255 184,903 89,912 95,109 89,794
Apr 187,598 ‐ 89,912 ‐ ‐
May 163,442 ‐ 89,912 ‐ ‐
Jun 186,599 ‐ 89,912 ‐ ‐
Jul 164,807 ‐ 89,912 ‐ ‐
Aug 221,543 ‐ 89,912 ‐ ‐
Sep 213,406 ‐ 89,912 ‐ ‐
Oct 195,225 ‐ 89,912 ‐ ‐
Nov 218,318 ‐ 89,912 ‐ ‐
Dec 245,205 ‐ 89,912 ‐ ‐
YTD Total 397,857$ 483,189$ 269,736$ 218,952$ 264,236$
Annual Total 2,194,000$ 1,078,943$
1Actuals of Revenues and Expenses
ExpensesRevenues
Photo Enforcement Program
Year to Date through March
Month
2015 2016 2016
Actual Budget Actual $ % $%
Interests and Other Earnings 161,599$ 88,217$ 165,180$ 3,582$ 2% 76,963$ 87%
Rents, Leases, and Concessions 248,863 189,238 189,094 (59,768) ‐24% (144) 0%
Contributions/Donations from Private Sources 30,402 21,655 35,013 4,611 15% 13,358 62%
Other 146,726 100,040 137,295 (9,431) ‐6% 37,255 37%
Seizure Funds ‐ Federal/State/Local ‐ (259) 661,152 661,152 100% 661,412 ‐255106%
YTD Total 587,589$ 398,891$ 1,187,734$ 600,145$ 102% 788,843$ 198%
Annual Total 2,367,576$ 1,869,416$
2016 vs. Budget
Miscellaneous Revenues by Type
Year to Date through March
Revenue
2016 vs. 2015
Page 9 of 38
Monthly Financial Report March 2016
EXPENSES
Overall the City has expended 23% of its budgeted general governmental expenditures at the end of March. This is $517k or
1.9% below year‐to‐date budgeted expenditures. See below for summary of unfavorable items for general governmental
departments.
Council department is over the year‐to‐date budget by $4k or 4.5%. This is due to the updated Council salaries set by the
Independent Salary Commission and over spending on travel/training. The budget was updated to reflect the current salaries in
the approved 2016 Carry Forward Budget Amendment (adopted April 2016).
Executive department is over the year‐to‐date budget by $126k or 34.9%. This is due to the timing of when Sound Cities
Association, Association of Washington Cities (AWC) and Communities in Schools memberships were corrected in 2015
(August).
Administrative Services (Finance and City Clerk) department is over the year‐to‐date budget by $55k or 6.7%. This is due
higher than expected merchant fees and 2015 utility tax audit services paid in 2016 with no budget (was approved in the
2016 Carry Forward Budget Amendment, adopted April 2016).
Public Works (Admin, Street Maintenance and Transportation) department is over the year‐to‐date budget by 50k or 2%.
This is due to the timing of when Surface Water utility charges updated (April 2014) and spending patterns (One Regional
Card for All (ORCA)) in 2014/2015.
Page 10 of 38
Monthly Financial Report March 2016
CASH AND INVESTMENTS – 1ST
QUARTER
The current cash and
investments (C&I)
portfolio is provided in the
table to the right. The
City’s current C&I balance
is $143.4 million.
Currently, the majority of
the portfolio is located in
cash deposits (US Bank).
The rest is spread out
between the State
Investment Pool, US
Federal Agency Securities,
and various certificates of
deposits.
The existing portfolio yield is approximately 0.68%.
Current %
Blended
Allowed
per policy
Current Portfolio
(principal value)
58% N/A $ 82,910,248
0% 100%‐$
7% 75% 9,974,544$
19% 75% 27,198,255$
16% 75% 23,305,444$
0% 25%‐$
TOTAL INVESTMENTS 100%143,388,492$
*Excluding Cash the portfolio distribution is 16% LGIP; 39% CD's; 45% GSE's
By Type
Cash
US Treasury Securities
Local Government Investment Pool
US Federal Agency Securities
Certificates of Deposit
Commercial Paper
Cash
58%LGIP
7%
GSE's
19%
CD's
16%
Distribution by Type
By Institution Current %
Blended
Allowed by
Policy
Current Portfolio
(principal value)Maturity Date APY
Weighted
Yield
Blended
Cash US Bank ‐ Cash 58%N/A 82,910,248 overnight 0.45% 0.26%
US Treasury Securities
none 0% 100%‐ N/A N/A N/A
Local Government Investment Pool
3920 State Investment Pool 7% 75%9,974,544 10/1/2014 0.10% 0.02%
US Federal Agency Securities *
314179A FHLB 1,996,920 8/11/2017 1.05%0.01%
315189D FNMA 4,997,500 10/26/2018 1.03%0.04%
314179G FHLB 5,009,485 10/17/2017 0.93%0.03%
315209A FHLMC 1,600,000 5/26/2020 1.75%0.02%
315189C FHLMC 5,000,000 6/1/2018 1.12%0.04%
314189A FNMA 3,745,000 2/15/2018 1.30%0.03%
314179C FNMA 4,849,350 11/28/2017 1.00%0.03%
Certificates of Deposit
115184A First Savings Bank Northwest 5,092,087 2/6/2018 1.03%0.04%
116214A First Savings Bank Northwest 5,154,418 2/3/2021 1.67%0.06%
114174A First Savings Bank Northwest 5,000,000 10/29/2017 1.15%0.04%
116191A Opus 3%5,000,000 2/25/2019 1.00%0.03%
111167a Columbia Bank 1%2,015,400 11/9/2016 0.99%0.01%
214163A Commencement Bank (CDARS)1%1,043,540 9/15/2016 0.90%0.01%
Commercial Paper
none 0.00% 5%‐ N/A N/AN/A
143,388,492$
*Held in our safekeeping account at BNY Trust and Custody
TOTAL CASH & INVESTMENTS
20%
11%
75%19%
Page 11 of 38
Monthly Financial Report March 2016
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. The negative beginning fund balance for the Golf Course fund is due to receiving less than anticipated user fees in
2015. This negative balance will be corrected at the end of 2016 due to the Golf Course making its final payment for debt
service (interfund loan) in 2015. Included in each fund are the capital revenues and expenditures.
Airport Golf Course Solid Waste
Utility Water Utility Wastewater
Utility
Surface Water
Utility Metro
REVENUES:
Licenses and permits ‐ ‐ ‐ ‐ 18,650 10,250 ‐
Grants / intergovernmental 443,911 ‐ 111,688 ‐ ‐ 713,078 ‐
Charges for services 32,247 233,707 4,315,232 3,729,547 2,464,687 2,629,043 3,970,352
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 1,023 ‐ ‐ ‐ 517 ‐ ‐
Rents, leases, and misc fees 648,990 56,171 33,902 43,623 ‐ ‐ ‐
Interest and other misc 1,622 260 3,712 282,808 200,352 73,933 4,373
TOTAL REVENUES 1,127,793 290,138 4,464,535 4,055,978 2,684,206 3,426,304 3,974,725
EXPENSES:
Utility billing ‐ ‐ 37,605 38,078 28,571 48,105 ‐
Utility systems ‐ ‐ 2,845,305 831,212 776,649 1,009,427 ‐
Utility maintenance ‐ ‐ 70,650 1,309,066 413,942 656,471 3,765,414
Transportation 370,245 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 425,565 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 370,245 425,565 2,953,560 2,178,356 1,219,162 1,714,003 3,765,414
AMOUNT AVAILABLE FOR DEBT SERVICE 757,548 (135,427) 1,510,975 1,877,622 1,465,044 1,712,301 209,311
DEBT SERVICE:
Principal ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest ‐ ‐ ‐ ‐ ‐ 130,003 ‐
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ 130,003 ‐
CAPITAL PROJECTS 39,753 ‐ ‐ 142,902 95,179 214,842 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ ‐ (5,974) (2,689) ‐
CHANGE IN FUND BALANCE 717,795 (135,427) 1,510,975 1,734,720 1,363,891 1,364,767 209,311
BEGINNING FUND BALANCE, Jan 1 1,144,749 (110,056) 2,151,456 22,681,621 11,636,515 10,682,778 3,992,378
ENDING FUND BALANCE, Mar 31 1,862,544 (245,483) 3,662,431 24,416,341 13,000,406 12,047,545 4,201,689
Page 12 of 38
Monthly Financial Report March 2016
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:
Technology Fee ‐ 67,584 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ ‐ ‐ ‐ ‐ ‐ ‐
Charges for services
Equipment rental m&o 701,343 912,552 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 13,221 ‐ 107,025 ‐ ‐ ‐
Communications ‐ ‐ ‐ 149,674 ‐ ‐ ‐
Facilities ‐ ‐ 1,238,106 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 40,395 ‐ ‐ ‐ ‐ ‐
IT service contracts ‐ 123,114 ‐ ‐ ‐ ‐ ‐
Interest and other misc 6,425 2,631 1,491 653 13,707 8,336 9,636
Internal service fund misc:
Vehicle / equipment capital recovery 805,842 36,759 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 475,223 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 472,025 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 3,126,557 556,780
Other misc 70 ‐ 5,970 ‐ ‐ 292,501 ‐
Interfund Loan ‐ ‐ ‐ ‐ ‐ ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 19,949 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 45,294 ‐ ‐
TOTAL REVENUES 1,533,629 1,196,256 1,245,568 257,352 1,006,249 3,427,394 566,416
EXPENSES:
Communications 122,516
Equipment rental 468,583
Facilities 968,318
Healthcare 2,882,319
Information technology 983,739
Print and mail 94,296
Retiree healthcare 249,133
Risk management:
Risk management 708,536
Unemployment 31,185
Worker's compensation 469,719
TOTAL EXPENSES 468,583 983,739 968,318 216,812 1,209,440 2,882,319 249,133
AMOUNT AVAILABLE FOR CAPITAL 1,065,046 212,517 277,249 40,540 (203,191) 545,075 317,283
CAPITAL PROJECTS 10,482 46,779 101,520 ‐ ‐ ‐ ‐
TRANSFERS IN ‐ 8,664 ‐ ‐ ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 1,054,564 174,402 175,729 40,540 (203,191) 545,075 317,283
BEGINNING FUND BALANCE, Jan 1 5,620,280 2,327,309 1,259,503 576,333 13,085,310 7,523,267 8,892,488
ENDING FUND BALANCE, Mar 31 6,674,844 2,501,711 1,435,232 616,873 12,882,119 8,068,342 9,209,771
Page 13 of 38
Monthly Financial Report March 2016
FUND BALANCE
Page 15 shows the ending fund balance as of March 2016. The City’s fund balance is a combination of current deficit/surplus of
funds which have accrued from unexpended operating budgets, 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 March, the City has $14.7 million reported in the combined general governmental fund balance of the current
year’s operating budget, which is approximately 12% of budgeted operating expenditures. This is a decrease of $5.2 million
from the year’s beginning balance. March’s ending fund balance is over the anticipated General Governmental Fund Balance of
$4.9 million by $9.8 million or 202.1%. Although the ending fund balance is above projections, it is consistent with the prior
years’ trends.
CONTACT INFORMATION
This report is prepared by the Finance Division of the Administrative Services 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 JDThomas@Rentonwa.gov.
Page 14 of 38
Monthly Financial Report March 2016
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through March 31, 2016
Funds
Balance
01/01/2016
Budgeted
Revenue
Revenue
03/31/16
Total Funds
Available
Budgeted
Expenditure
Expenditure
03/31/16 Ending Balance
GENERAL GOVERNMENT FUNDS: 19,962,845 118,818,727 21,798,267 41,761,112 118,376,109 27,044,383 14,716,730
000 General 12,622,447 88,974,330 17,066,687 29,689,134 87,960,498 21,659,698 8,029,436
001 Community Services 2,818,784 12,478,994 2,130,422 4,949,206 13,038,993 2,547,798 2,401,408
003 Street 2,422,668 10,489,584 1,519,350 3,942,018 10,508,360 2,456,360 1,485,658
004 Community Dev Block Grant 66,654 307,462 57,199 123,853 295,986 14,952 108,901
005 Museum 66,388 235,281 51 66,439 235,281 55,330 11,109
009 Farmers Market 110,830 59,400 5,426 116,256 63,315 13,961 102,295
011 Fire Health & Wellness 88,406 25,000 6,466 94,872 25,000 1,209 93,664
201 Ltd GO Bonds Gen Govt Debt 845,273 1,755,255 923 846,196 1,755,255 ‐ 846,196
215 Gen Govt Misc Debt Service 921,395 4,493,421 1,011,743 1,933,138 4,493,421 295,075 1,638,063
SPECIAL REVENUE FUNDS: 1,681,875 1,951,764 458,518 2,140,393 1,889,837 354,548 1,785,845
102 Arterial Street 31,697 650,000 162,214 193,911 650,000 ‐ 193,911
108 Leased City Properties 560,515 924,090 180,543 741,058 877,163 336,404 404,654
110 Hotel Motel 315,590 265,000 51,355 366,945 265,000 13,500 353,445
125 1% For Art 111,206 15,000 119 111,325 ‐ ‐ 111,325
127 Cable Communication 330,376 97,674 63,932 394,308 97,674 4,644 389,664
135 Springbrook Wetlands Bank 332,491 ‐ 355 332,846 ‐ ‐ 332,846
CAPITAL PROJECT FUNDS (CIP):21,039,649 22,586,552 3,347,294 24,386,943 23,879,345 2,339,003 22,047,940
303 Community Dev Mitigation 1,239,509 86,500 50,346 1,289,855 ‐ ‐ 1,289,855
304 Fire Mitigation 1,209,670 99,000 167,322 1,376,992 250,000 ‐ 1,376,992
305 Transportation Mitigation 937,248 433,000 132,038 1,069,286 ‐ ‐ 1,069,286
316 Municipal Facilities CIP 9,264,141 6,144,587 1,081,289 10,345,430 6,433,587 475,971 9,869,459
317 Transportation CIP 3,947,132 15,823,465 1,911,407 5,858,539 17,195,758 1,928,405 3,930,134
326 Housing Opportunity 1,041,775 ‐ 1,114 1,042,889 ‐ ‐ 1,042,889
336 New Library Development 3,400,174 ‐ 3,778 3,403,952 ‐ (65,373) 3,469,325
ENTERPRISE FUNDS:52,179,441 76,620,298 20,036,176 72,215,617 76,784,075 13,270,143 58,945,474
4X2 Ai rport Operating & CIP 1,144,749 3,473,293 1,127,792 2,272,541 3,240,185 409,998 1,862,543
403 Solid Waste Utility 2,151,456 16,514,320 4,464,535 6,615,991 17,144,532 2,953,560 3,662,431
4X4 Golf Operating & CIP (110,056) 2,812,793 302,635 192,579 2,303,479 438,062 (245,483)
4X5 Water Operating & CIP 22,681,621 16,959,363 4,055,978 26,737,599 17,909,135 2,321,257 24,416,342
4X6 Waste Water Operating & CIP 11,636,515 10,169,271 2,684,206 14,320,721 9,276,937 1,320,315 13,000,406
416 King County Metro 3,992,378 16,638,722 3,974,726 7,967,104 16,638,722 3,765,414 4,201,690
4X7 Surface Water Operating & CIP 10,682,778 10,052,536 3,426,304 14,109,082 10,271,085 2,061,537 12,047,545
INTERNAL SERVICE FUNDS: 39,284,490 37,408,531 9,241,528 48,526,018 34,259,955 7,137,125 41,388,893
501 Equipment Repair/Replacement 5,620,280 5,970,145 1,533,630 7,153,910 4,248,192 479,065 6,674,845
502 Insurance 13,085,310 4,166,201 1,006,249 14,091,559 3,509,594 1,209,440 12,882,119
503 Information Services 2,327,309 4,722,871 1,204,919 3,532,228 4,749,478 1,030,518 2,501,710
504 Facilities 1,259,503 4,953,544 1,245,568 2,505,071 4,959,108 1,069,838 1,435,233
505 Communications 576,333 1,027,739 257,352 833,685 1,029,881 216,812 616,873
512 Insurance, Healthcare 7,523,267 14,295,824 3,427,394 10,950,661 14,596,149 2,882,319 8,068,342
522 Insurance, Leoff1 Retirees HC 8,892,488 2,272,207 566,416 9,458,904 1,167,553 249,133 9,209,771
FIDUCIARY FUNDS:5,299,035 468,000 5,091 5,304,126 200,475 49,745 5,254,381
611 Firemen's Pension 5,299,035 468,000 5,091 5,304,126 200,475 49,745 5,254,381
TOTAL FUNDS 139,447,335 257,853,872 54,886,874 194,334,209 255,389,796 50,194,947 144,139,263
Page 15 of 38
City of Renton
General Government Financial Position
2016 Budget Year
General Government Summary
Revenues Expenditures
$ Difference
over (under)
w/beginning
balance
19,962,845
January 7,317,475 8,625,290 (1,307,815) 18,655,030
February 14,715,559 18,026,295 (3,310,736) 16,652,109
March 21,798,267 27,044,383 (5,246,115) 14,716,730
April
May
June
July
August
September
October
November
December
(9,000,000)
(8,000,000)
(7,000,000)
(6,000,000)
(5,000,000)
(4,000,000)
(3,000,000)
(2,000,000)
(1,000,000)
-
-
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
120,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Change in Fund
Balance
Rev/Exp Revenues
Expenditures
Change in Fund Balance
Page 16 of 38
City of Renton
Monthly Revenue Analysis - 2016 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 5,937,550 7,317,475 23.24%
Feb 12,349,923 14,715,559 19.16%
Mar 19,000,004 21,798,267 14.73%
Apr 34,834,753
May 51,733,044
Jun 58,067,757
Jul 65,898,429
Aug 72,685,855
Sep 79,201,554
Oct 94,963,410
Nov 109,084,516
Dec 118,818,726
Percent of budget 18.35%
Property Tax Budget
YTD
Actual
Annual %
over (under)
Jan 3,065 44,745 1360.10%
Feb 376,309 359,864 -4.37%
Mar 1,450,568 1,633,550 12.61%
Apr 9,581,661
May 18,654,175
Jun 18,688,667
Jul 19,207,532
Aug 19,646,752
Sep 20,167,580
Oct 28,434,775
Nov 36,271,023
Dec 37,213,314
Percent of budget 4.39%
$-
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
$120
$130
$140
Millions Total Revenue
General Government
Budget
Actual
Last Year
$-
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
$36
$39
Millions Property Tax
Budget
Actual
Last Year
Page 17 of 38
City of Renton
Monthly Revenue Analysis - 2016 Budget Year
Sales Tax Budget
YTD
Actual
Annual %
over (under)
Jan 2,067,608 2,212,710 7.02%
Feb 4,624,605 4,807,357 3.95%
Mar 6,598,572 6,882,003 4.30%
Apr 8,565,740
May 10,893,426
Jun 12,941,024
Jul 15,068,593
Aug 17,435,267
Sep 19,708,241
Oct 22,045,782
Nov 24,451,213
Dec 26,747,588
Percent of budget 25.73%
Note: Excludes CJ Sales Tax and Natural Gas Use Tax.
Utility Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,272,858 1,509,960 18.63%
Feb 2,691,199 3,107,308 15.46%
Mar 4,244,420 4,531,081 6.75%
Apr 5,465,533
May 6,773,153
Jun 8,091,364
Jul 9,256,524
Aug 10,555,909
Sep 11,759,252
Oct 12,952,928
Nov 14,215,115
Dec 15,606,217
Percent of budget 29.03%
Note: Includes Natural Gas Use Tax.
$-
$3
$6
$9
$12
$15
$18
$21
$24
$27
Millions Sales Tax
Budget
Actual
Last Year
$-
$2
$4
$6
$8
$10
$12
$14
$16
$18Millions Utility Tax
Budget
Actual
Last Year
Page 18 of 38
City of Renton
Monthly Revenue Analysis - 2016 Budget Year
Licenses &
Permits Budget
YTD
Actual
Annual %
over (under)
Jan 438,371 707,784 61.46%
Feb 735,235 1,079,373 46.81%
Mar 947,143 1,559,970 64.70%
Apr 1,265,530
May 1,515,887
Jun 1,900,918
Jul 2,421,261
Aug 2,748,612
Sep 3,152,452
Oct 3,516,273
Nov 3,759,344
Dec 4,009,000
Percent of budget 38.91%
Note: GF only
Intergovt'l Budget
YTD
Actual
Annual %
over (under)
Jan 574,724 589,820 2.63%
Feb 1,180,291 1,223,323 3.65%
Mar 1,726,463 1,784,286 3.35%
Apr 2,827,762
May 5,532,345
Jun 6,129,801
Jul 6,619,629
Aug 7,405,351
Sep 7,987,951
Oct 8,731,060
Nov 9,852,333
Dec 13,307,591
Percent of budget 13.41%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
$-
$2
$4
$6
$8
$10
$12
$14
Millions Intergovernmental
Budget
Actual
Last Year
$-
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
Millions Licenses & Permits
Budget
Actual
Last Year
Page 19 of 38
City of Renton
Monthly Revenue Analysis - 2016 Budget Year
Charges for
Services Budget
YTD
Actual
Annual %
over (under)
Jan 608,139 640,658 5.35%
Feb 1,135,310 1,197,265 5.46%
Mar 1,725,293 1,777,230 3.01%
Apr 2,517,155
May 3,057,838
Jun 4,043,882
Jul 4,962,465
Aug 5,748,498
Sep 6,341,349
Oct 6,952,480
Nov 7,486,378
Dec 8,136,100
Percent of budget 21.84%
Note: Excludes FD25 & FD40 contracts
Fines &
Forfeits Budget
YTD
Actual
Annual %
over (under)
Jan 152,177 136,421 -10.35%
Feb 367,643 354,088 -3.69%
Mar 648,705 617,736 -4.77%
Apr 947,638
May 1,221,034
Jun 1,509,321
Jul 1,756,252
Aug 2,069,275
Sep 2,369,080
Oct 2,659,110
Nov 2,992,541
Dec 3,320,500
Percent of budget 18.60%
$-
$1
$2
$3
$4
$5
$6
$7
$8
$9
Millions Charges for Services
Budget
Actual
Last Year
$-
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions Fines & Forfeits
Budget
Actual
Last Year
Page 20 of 38
City of Renton
Monthly Revenue Analysis - 2016 Budget Year
Other Taxes Budget
YTD
Actual
Annual %
over (under)
Jan 611,646 1,216,500 98.89%
Feb 916,494 1,525,197 66.42%
Mar 1,197,449 1,824,678 52.38%
Apr 3,100,048
May 3,403,604
Jun 3,869,347
Jul 5,632,574
Aug 5,957,221
Sep 6,273,290
Oct 8,089,336
Nov 8,344,672
Dec 8,359,000
Percent of budget 21.83%
Misc Budget
YTD
Actual
Annual %
over (under)
Jan 188,129 258,876 37.61%
Feb 281,172 1,061,784 277.63%
Mar 398,891 1,187,734 197.76%
Apr 480,352
May 577,416
Jun 768,433
Jul 827,766
Aug 952,304
Sep 1,254,858
Oct 1,373,332
Nov 1,482,729
Dec 1,869,416
Percent of budget 63.54%
$-
$0.50
$1.00
$1.50
$2.00
$2.50
Millions Miscellaneous
Budget
Actual
Last Year
$-
$1
$2
$3
$4
$5
$6
$7
$8
$9
Millions Other Taxes
Budget
Actual
Last Year
Page 21 of 38
City of Renton
Monthly Revenue Analysis - 2016 Budget Year
Other
Financing Budget
YTD
Actual
Annual %
over (under)
Jan 20,833 - 0.00%
Feb 41,667 - 0.00%
Mar 62,500 - 0.00%
Apr 83,333
May 104,167
Jun 125,000
Jul 145,833
Aug 166,667
Sep 187,500
Oct 208,333
Nov 229,167
Dec 250,000
Percent of budget 0.00%
REET Budget
YTD
Actual
Annual %
over (under)
Jan 704,460 1,204,479 70.98%
Feb 966,843 1,401,806 44.99%
Mar 1,221,136 1,610,258 31.87%
Apr 1,720,968
May 1,933,464
Jun 2,321,796
Jul 2,614,780
Aug 2,834,581
Sep 3,062,441
Oct 3,375,407
Nov 3,514,927
Dec 4,000,000
Percent of budget 40.26%
$-
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
Millions Real Estate Excise Tax
Budget
Actual
Last Year
$0
$2
$4
$6
$8
$10
$12
$14
$16
Mi
l
l
i
o
n
s
Other Financing Sources
Budget
Actual
Last Year
Page 22 of 38
City of Renton
Monthly Revenue Analysis - 2016 Budget Year
Bldg Permits &
Devlpmt Svc
Fees Budget
YTD
Actual
Annual %
over (under)
Jan 341,282 661,363 93.79%
Feb 706,100 1,074,783 52.21%
Mar 1,025,109 1,658,442 61.78%
Apr 1,517,577
May 1,808,985
Jun 2,532,793
Jul 3,117,823
Aug 3,496,111
Sep 3,974,931
Oct 4,400,264
Nov 4,726,378
Dec 5,173,368
Percent of budget 32.06%
B & O Tax Budget
YTD
Actual
Annual %
over (under)
Jan - - N/A
Feb - - N/A
Mar - - N/A
Apr 1,666,667
May 1,666,667
Jun 1,666,667
Jul 3,333,333
Aug 3,333,333
Sep 3,333,333
Oct 5,000,000
Nov 5,000,000
Dec 5,000,000
Percent of budget 0.00%
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
Millions Building Permits and Development Service
Fees
Budget
Actual
Last Year
$-
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50
Millions Business & Occupation Tax
Budget
Actual
Last Year
Page 23 of 38
City of Renton
Monthly Expenditure Analysis - 2016 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 8,844,239 8,625,290 -2.48%
Feb 18,267,981 18,026,295 -1.32%
Mar 27,561,769 27,044,383 -1.88%
Apr 38,136,945
May 47,655,421
Jun 57,257,063
Jul 67,564,414
Aug 77,802,299
Sep 87,787,360
Oct 97,321,915
Nov 106,986,560
Dec 118,376,109
Percent of budget expended 22.85%
Legislative Budget
YTD
Actual
Annual %
over (under)
Jan 30,718 34,732 13.07%
Feb 62,980 64,182 1.91%
Mar 95,160 99,419 4.48%
Apr 122,949
May 151,628
Jun 180,169
Jul 208,006
Aug 235,728
Sep 263,351
Oct 291,208
Nov 318,797
Dec 348,161
Percent of budget expended 28.56%
$-
$20
$40
$60
$80
$100
$120
$140
Millions
Total Expenditures
General Government
Budget
Actual
Last Year
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Legislative
Budget
Actual
Last Year
Page 24 of 38
City of Renton
Monthly Expenditure Analysis - 2016 Budget Year
Executive Budget
YTD
Actual
Annual %
over (under)
Jan 91,702 192,359 109.77%
Feb 226,122 322,242 42.51%
Mar 360,645 486,643 34.94%
Apr 498,203
May 635,001
Jun 770,286
Jul 910,919
Aug 1,139,113
Sep 1,294,359
Oct 1,428,452
Nov 1,574,883
Dec 1,772,884
Percent of budget expended 27.45%
City Attorney Budget
YTD
Actual
Annual %
over (under)
Jan 175,034 157,485 -10.03%
Feb 349,257 326,649 -6.47%
Mar 527,350 498,957 -5.38%
Apr 710,479
May 896,957
Jun 1,092,924
Jul 1,282,507
Aug 1,475,680
Sep 1,671,064
Oct 1,846,482
Nov 2,021,528
Dec 2,213,353
Percent of budget expended 22.54%
$-
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
Millions Executive
Budget
Actual
Last Year
$-
$0.40
$0.80
$1.20
$1.60
$2.00
$2.40
Millions City Attorney
Budget
Actual
Last Year
Page 25 of 38
City of Renton
Monthly Expenditure Analysis - 2016 Budget Year
Court Services Budget
YTD
Actual
Annual %
over (under)
Jan 169,086 163,432 -3.34%
Feb 345,603 335,163 -3.02%
Mar 524,116 508,523 -2.98%
Apr 706,499
May 890,985
Jun 1,081,645
Jul 1,265,010
Aug 1,449,036
Sep 1,627,840
Oct 1,805,361
Nov 1,978,143
Dec 2,187,710
Percent of budget expended 23.24%
CED Admin Budget
YTD
Actual
Annual %
over (under)
Jan 91,015 95,028 4.41%
Feb 182,252 190,655 4.61%
Mar 273,489 286,282 4.68%
Apr 367,204
May 461,902
Jun 556,162
Jul 701,359
Aug 793,589
Sep 886,107
Oct 978,401
Nov 1,070,254
Dec 1,163,302
Percent of budget expended 24.61%
$-
$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
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions Community & Economic
Development Admin
Budget
Actual
Last Year
Page 26 of 38
City of Renton
Monthly Expenditure Analysis - 2016 Budget Year
Development
Services Budget
YTD
Actual
Annual %
over (under)
Jan 241,239 212,162 -12.05%
Feb 498,872 448,710 -10.06%
Mar 771,244 676,129 -12.33%
Apr 1,037,984
May 1,297,588
Jun 1,547,352
Jul 1,792,796
Aug 2,053,723
Sep 2,285,546
Oct 2,529,302
Nov 2,775,640
Dec 3,051,790
Percent of budget expended 22.16%
Economic
Development Budget
YTD
Actual
Annual %
over (under)
Jan 54,699 50,235 -8.16%
Feb 139,703 108,276 -22.50%
Mar 211,746 166,805 -21.22%
Apr 284,990
May 349,659
Jun 421,632
Jul 501,057
Aug 581,464
Sep 655,785
Oct 725,529
Nov 801,400
Dec 902,274
Percent of budget expended 18.49%
$-
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
Millions Development Services
Budget
Actual
Last Year
$-
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
$0.90
$1.00
Millions Economic Development
Budget
Actual
Last Year
Page 27 of 38
City of Renton
Monthly Expenditure Analysis - 2016 Budget Year
Planning Budget
YTD
Actual
Annual %
over (under)
Jan 221,962 203,948 -8.12%
Feb 456,775 411,848 -9.84%
Mar 719,704 630,155 -12.44%
Apr 975,403
May 1,265,675
Jun 1,549,887
Jul 1,824,298
Aug 2,095,599
Sep 2,380,903
Oct 2,685,584
Nov 2,952,764
Dec 3,243,237
Percent of budget expended 19.43%
Finance Budget
YTD
Actual
Annual %
over (under)
Jan 168,923 220,501 30.53%
Feb 345,736 434,053 25.54%
Mar 525,483 642,161 22.20%
Apr 704,393
May 892,107
Jun 1,203,473
Jul 1,400,753
Aug 1,727,096
Sep 1,931,821
Oct 2,134,116
Nov 2,324,115
Dec 2,927,787
Percent of budget expended 21.93%
$-
$0.40
$0.80
$1.20
$1.60
$2.00
$2.40
$2.80
$3.20
$3.60
Millions Finance
Budget
Actual
Last Year
$-
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions Planning
Budget
Actual
Last Year
Page 28 of 38
City of Renton
Monthly Expenditure Analysis - 2016 Budget Year
City Clerk Budget
YTD
Actual
Annual %
over (under)
Jan 62,637 67,195 7.28%
Feb 164,231 168,845 2.81%
Mar 303,940 242,432 -20.24%
Apr 375,900
May 450,924
Jun 522,077
Jul 593,286
Aug 671,377
Sep 741,134
Oct 834,041
Nov 907,039
Dec 1,151,870
Percent of budget expended 21.05%
Includes Hearing Examiner
Human
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 84,669 89,683 5.92%
Feb 187,462 185,388 -1.11%
Mar 299,503 299,054 -0.15%
Apr 431,140
May 540,016
Jun 651,578
Jul 766,621
Aug 881,492
Sep 993,608
Oct 1,112,638
Nov 1,219,645
Dec 1,372,669
Percent of budget expended 21.79%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
Millions Human Resources
Budget
Actual
Last Year
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions City Clerk
Budget
Actual
Last Year
Page 29 of 38
City of Renton
Monthly Expenditure Analysis - 2016 Budget Year
Police Budget
YTD
Actual
Annual %
over (under)
Jan 2,955,907 2,819,381 -4.62%
Feb 5,588,146 5,349,745 -4.27%
Mar 8,643,977 8,336,018 -3.56%
Apr 11,267,685
May 14,229,736
Jun 17,038,401
Jul 20,082,621
Aug 22,744,871
Sep 25,768,424
Oct 28,482,339
Nov 31,532,863
Dec 34,710,426
Percent of budget expended 24.02%
Fire &
Emergency
Services Budget
YTD
Actual
Annual %
over (under)
Jan 2,500,601 2,291,374 -8.37%
Feb 5,336,072 5,299,522 -0.68%
Mar 7,543,542 7,516,586 -0.36%
Apr 9,698,234
May 11,856,468
Jun 14,064,684
Jul 16,319,867
Aug 18,751,956
Sep 21,023,843
Oct 23,197,235
Nov 25,467,264
Dec 27,970,913
Percent of budget expended 26.87%
$-
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
$36
Millions Police
Budget
Actual
Last Year
$-
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
Millions Fire & Emergency Services
Budget
Actual
Last Year
Page 30 of 38
City of Renton
Monthly Expenditure Analysis - 2016 Budget Year
Community
Services Admin Budget
YTD
Actual
Annual %
over (under)
Jan 44,038 52,449 19.10%
Feb 91,102 113,335 24.40%
Mar 142,816 155,142 8.63%
Apr 188,797
May 231,403
Jun 273,217
Jul 320,383
Aug 366,928
Sep 413,394
Oct 458,470
Nov 506,014
Dec 562,434
Percent of budget expended 27.58%
Parks Budget
YTD
Actual
Annual %
over (under)
Jan 333,489 302,959 -9.15%
Feb 695,412 615,902 -11.43%
Mar 1,074,993 949,380 -11.69%
Apr 1,448,271
May 1,850,095
Jun 2,280,586
Jul 2,781,830
Aug 3,272,063
Sep 3,765,938
Oct 4,207,686
Nov 4,597,218
Dec 5,025,610
Percent of budget expended 18.89%
$-
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
Millions Parks
Budget
Actual
Last Year
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
Community Services Admin
Budget
Actual
Last Year
Page 31 of 38
City of Renton
Monthly Expenditure Analysis - 2016 Budget Year
Parks Planning
and Natural
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 66,146 46,446 -29.78%
Feb 135,203 103,226 -23.65%
Mar 220,574 165,213 -25.10%
Apr 301,273
May 407,024
Jun 486,764
Jul 592,877
Aug 688,924
Sep 797,310
Oct 910,915
Nov 1,018,122
Dec 1,125,443
Percent of budget expended 14.68%
Recreation Budget
YTD
Actual
Annual %
over (under)
Jan 332,493 330,010 -0.75%
Feb 694,355 697,557 0.46%
Mar 1,064,517 1,078,551 1.32%
Apr 1,446,444
May 1,829,740
Jun 2,251,729
Jul 2,912,280
Aug 3,596,433
Sep 4,138,040
Oct 4,510,080
Nov 4,895,207
Dec 5,338,949
Percent of budget expended 20.20%
$-
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
Parks Planning and Natural Resources
Budget
Actual
Last Year
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50
Millions Recreation
Budget
Actual
Last Year
Page 32 of 38
City of Renton
Monthly Expenditure Analysis - 2016 Budget Year
Human
Services Budget
YTD
Actual
Annual %
over (under)
Jan 47,817 81,352 70.13%
Feb 121,777 213,832 75.59%
Mar 255,056 269,088 5.50%
Apr 404,712
May 470,050
Jun 534,658
Jul 670,143
Aug 759,766
Sep 819,175
Oct 972,094
Nov 1,030,914
Dec 1,212,606
Percent of budget expended 22.19%
Neighborhoods
, Resources,
and Events Budget
YTD
Actual
Annual %
over (under)
Jan 65,441 66,354 1.39%
Feb 159,671 144,459 -9.53%
Mar 228,091 213,473 -6.41%
Apr 294,553
May 361,904
Jun 442,834
Jul 568,264
Aug 663,792
Sep 754,293
Oct 832,825
Nov 913,882
Dec 1,049,871
Percent of budget expended 20.33%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions Human Services
Budget
Actual
Last Year
$-
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
Neighborhoods, Resources, and Events
Budget
Actual
Last Year
Page 33 of 38
City of Renton
Monthly Expenditure Analysis - 2016 Budget Year
Museum Fund Budget
YTD
Actual
Annual %
over (under)
Jan 18,883 19,061 0.94%
Feb 37,795 37,570 -0.59%
Mar 56,682 55,330 -2.39%
Apr 75,818
May 95,501
Jun 115,297
Jul 135,152
Aug 155,440
Sep 175,323
Oct 195,438
Nov 215,317
Dec 235,281
Percent of budget expended 23.52%
Public Works
Admin Budget
YTD
Actual
Annual %
over (under)
Jan 33,648 33,119 -1.57%
Feb 68,336 67,230 -1.62%
Mar 102,357 100,509 -1.81%
Apr 136,585
May 171,018
Jun 205,573
Jul 240,151
Aug 275,209
Sep 310,708
Oct 344,670
Nov 378,434
Dec 413,579
Percent of budget expended 24.30%
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000 Public Works Admin
Budget
Actual
Last Year
$-
$30,000
$60,000
$90,000
$120,000
$150,000
$180,000
$210,000
$240,000
$270,000
Museum Fund
Budget
Actual
Last Year
Page 34 of 38
City of Renton
Monthly Expenditure Analysis - 2016 Budget Year
Street
Maintenance Budget
YTD
Actual
Annual %
over (under)
Jan 394,389 400,277 1.49%
Feb 814,190 805,426 -1.08%
Mar 1,238,913 1,236,414 -0.20%
Apr 1,713,744
May 2,155,740
Jun 2,602,120
Jul 3,077,957
Aug 3,551,816
Sep 3,999,208
Oct 4,484,264
Nov 4,914,469
Dec 5,399,313
Percent of budget expended 22.90%
Transportation Budget
YTD
Actual
Annual %
over (under)
Jan 320,144 356,191 11.26%
Feb 705,069 720,619 2.21%
Mar 1,165,698 1,219,946 4.65%
Apr 1,649,817
May 2,044,470
Jun 2,440,216
Jul 2,848,513
Aug 3,279,472
Sep 3,674,487
Oct 4,115,120
Nov 4,509,015
Dec 5,109,047
Percent of budget expended 23.88%
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
Millions Street Maintenance
Budget
Actual
Last Year
$0.0
$1.0
$2.0
$3.0
$4.0
$5.0
$6.0
Millions Transportation
Budget
Actual
Last Year
Page 35 of 38
City of Renton
Monthly Expenditure Analysis - 2016 Budget Year
Debt Service Budget
YTD
Actual
Annual %
over (under)
Jan 44,758 44,758 0.00%
Feb 295,075 295,075 0.00%
Mar 295,075 295,075 0.00%
Apr 2,082,892
May 2,603,615
Jun 3,124,338
Jul 3,645,061
Aug 4,165,784
Sep 4,686,507
Oct 5,207,230
Nov 5,727,953
Dec 6,248,676
Percent of budget expended 4.72%
Non-
Departmental
Other City Budget
YTD
Actual
Annual %
over (under)
Jan 294,800 294,800 0.00%
Feb 566,783 566,783 0.00%
Mar 917,099 917,099 0.00%
Apr 1,212,975
May 1,516,218
Jun 1,819,462
Jul 2,122,706
Aug 2,425,949
Sep 2,729,193
Oct 3,032,437
Nov 3,335,680
Dec 3,638,924
Percent of budget expended 25.20%
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
$10.00
Millions Non-Departmental Other City Services
Budget
Actual
Last Year
$-
$5
$10
$15
$20
$25
Millions Debt Service
Budget
Actual
Last Year
Page 36 of 38
City of Renton
Monthly Enterprise Fund Financial Report - 2016 Budget Year
Utilities Budget Revenue Expense
Jan 3,836,257 6,349,407 3,113,758
Feb 10,582,930 12,660,071 7,764,200
Mar 15,407,394 18,605,731 12,419,394
Apr 19,338,399
May 26,173,189
Jun 34,435,671
Jul 39,234,580
Aug 44,829,532
Sep 50,505,333
Oct 55,843,333
Nov 61,211,329
Dec 71,240,411
Percent of budget expended 12.96%
Note: Operations and Capital
Airport Budget Revenue Expense
Jan 57,837 379,338 102,054
Feb 158,639 746,998 246,569
Mar 863,412 1,127,792 409,998
Apr 1,091,003
May 1,622,328
Jun 1,794,836
Jul 1,995,695
Aug 2,260,872
Sep 2,485,384
Oct 2,654,587
Nov 2,941,602
Dec 3,240,185
Percent of budget expended 12.65%
Note: Operations and Capital
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
Millions Utilities
Budget
Revenue
Expense
$-
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions Airport
Budget
Revenue
Expense
Page 37 of 38
City of Renton
Monthly Enterprise Fund Financial Report - 2016 Budget Year
Golf Course Budget Revenue Expense
Jan 116,799 72,468 118,352
Feb 267,877 183,666 290,598
Mar 419,420 302,635 438,062
Apr 591,478
May 813,532
Jun 971,265
Jul 1,139,818
Aug 1,312,726
Sep 1,486,659
Oct 1,684,773
Nov 1,811,460
Dec 2,303,479
Percent of budget expended 19.02%
Note: Operations and Capital
$-
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
$2.10
$2.40
Millions Golf Course
Budget
Revenue
Expense
Page 38 of 38