HomeMy WebLinkAbout201605, MayADMINISTRATIVE SERVICES
DEPARTMENT
M E M O R A N D U M
DATE: June 27, 2016
TO: Randy Corman, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: May 2016 Financial Status Report
At the end of May, general governmental revenues show $3.9 million or 7.3% over budget.
Revenue source(s) that are higher than expected are: property tax ($742k); sales tax ($561k);
sales tax annexation credit ($129k); utility taxes ($356k); gambling taxes ($355k); real estate
excise taxes ($261k); business & occupation taxes ($182k); state shared revenues ($167k);
building permits & development service fees ($562k); seizure funds ($660k, restricted to drug
enforcement and not available for general purposes) and interest earnings ($133k). If we
remove seizure funds, general governmental revenues are $3.3 million or 6% over budget. On
the down side, the revenue source(s) that are underperforming the year to date budget are
interfund/interdept services ($124k below); fines & penalties ($138k below) and other financing
sources ($104k below).
General government expenditures showed a favorable variance of $1.5 million or 3.2%. 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.
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General Governmental Funds
$%
Beginning Fund Balance 17,454,261$ 17,454,261$ 17,565,282$ 17,565,282$ 19,962,845$ 19,962,845$ 19,962,845$ ‐ 0.0%
OPERATING REVENUES
Property Tax 35,295,390 18,201,961 36,369,429 19,057,443 37,213,314 18,654,175 19,396,313 742,138 4.0%
Sales Tax 21,512,379 8,566,897 23,439,266 9,421,223 23,999,421 9,795,799 10,356,895 561,096 5.7%
Sales Tax ‐ Annexation Credit 2,542,394 1,007,797 2,778,858 1,117,529 2,748,167 1,097,627 1,226,993 129,366 11.8%
Criminal Justice Sales Tax 2,267,947 904,495 2,484,718 991,298 2,580,795 1,029,455 1,086,336 56,881 5.5%
Natural Gas Use Tax 271,485 165,650 228,899 122,782 268,000 143,755 115,809 (27,947) ‐19.4%
Admission Tax 310,311 154,406 309,790 151,784 320,000 158,008 140,840 (17,168) ‐10.9%
Franchise Fees 1,342,269 646,666 1,349,154 668,561 1,260,000 615,728 703,549 87,820 14.3%
Electricity Tax 5,167,444 2,405,672 5,012,962 2,075,204 4,946,019 2,176,976 2,500,347 323,371 14.9%
Natural Gas Utility Tax 1,562,341 986,048 1,437,552 853,281 1,350,900 828,279 793,545 (34,735) ‐4.2%
Garbage/Solid Waste 573,457 236,948 638,073 238,557 580,000 227,640 276,362 48,722 21.4%
TV Cable 1,518,821 609,004 1,591,866 629,058 1,629,365 648,491 643,405 (5,086) ‐0.8%
Telephone 909,088 410,273 880,233 397,717 952,500 430,113 410,986 (19,127) ‐4.4%
Cellular Phone 1,951,925 741,952 1,674,355 684,933 1,671,056 657,534 743,627 86,092 13.1%
City Utilities 3,961,052 1,572,889 4,183,165 1,640,310 4,208,377 1,660,363 1,645,378 (14,984) ‐0.9%
Utility Tax Audit 460,513 ‐ 1,962,092 ‐ 111,227 111,227 111,227 ‐ 0.0%
Leasehold Excise Tax 171,470 43,738 163,314 42,865 179,000 46,304 42,176 (4,128) ‐8.9%
Gambling Excise Tax 1,650,384 660,879 2,299,156 902,480 1,600,000 633,333 988,484 355,151 56.1%
Real Estate Excise Tax 4,348,762 2,010,091 4,595,166 1,561,072 4,000,000 2,160,973 2,421,486 260,513 12.1%
Less: CIP REET (1,650,000) (381,218) (1,401,300) (390,268) (2,000,000) (1,210,743) (1,210,743) ‐ 0.0%
EMS Levy 916,361 225,392 936,406 234,102 946,000 239,798 239,798 ‐ 0.0%
B&O Taxes ‐ ‐ ‐ ‐ 5,000,000 4,500,000 4,882,381 382,381 8.5%
Less: CIP B&O Taxes ‐ ‐ ‐ ‐ (2,000,000) (1,800,000) (2,000,000) (200,000) 11.1%
Business License Fees 2,965,850 1,415,785 3,125,740 1,517,527 1,811,000 1,272,060 1,184,825 (87,235) ‐6.9%
Less: CIP Business License Fees (2,450,295) (1,170,092) (2,584,164) (1,254,253) (1,509,000) (1,046,659) (981,152) 65,507 ‐6.3%
Animal Licenses and Spec Events Permits 95,698 45,534 101,743 46,675 91,000 42,296 41,190 (1,105) ‐2.6%
Building Permits & Development Svc Fees 4,519,234 1,956,991 6,077,055 1,755,389 5,173,368 1,808,985 2,370,874 561,890 31.1%
Intergovt'l (Grants, State Shared, etc)4,522,540 1,912,102 4,053,617 1,490,944 3,982,687 1,507,724 1,612,068 104,344 6.9%
Fire District 25 and 40 Contracts 5,959,428 2,899,636 6,369,132 3,105,766 6,128,712 3,272,879 3,272,879 ‐ 0.0%
Public Safety 844,375 280,547 649,797 364,041 630,135 271,759 361,501 89,742 33.0%
Culture and Recreation 1,485,123 490,907 1,587,878 338,666 1,727,393 466,319 457,281 (9,037) ‐1.9%
Interfund/Interdept‐Services 3,270,503 1,410,821 3,106,430 1,298,792 3,689,406 1,537,253 1,413,523 (123,730) ‐8.0%
Fines and Penalties 962,977 438,603 848,052 314,127 1,126,500 472,137 288,282 (183,856) ‐38.9%
Photo Enforcement 1,719,971 525,332 2,171,184 802,869 2,194,000 748,897 794,941 46,044 6.1%
Seizure Funds ‐ Federal/State/Local 68,870 (470) 21,676 6,444 50,000 3,299 663,143 659,844 20002.1%
Interests and Other Earnings 981,630 57,032 973,208 277,510 875,300 149,795 282,676 132,882 88.7%
Rents, Leases, and Concessions 711,070 364,229 762,361 340,235 598,616 286,205 276,280 (9,925) ‐3.5%
Contributions and Donations 113,626 41,698 147,292 38,318 96,700 29,655 42,389 12,734 42.9%
Other Miscellaneous 879,105 386,611 941,127 407,609 705,630 309,697 373,667 63,970 20.7%
Other Financing Sources (Transfer‐In, etc) 48,632 8,617 270,224 3,718 250,000 104,167 ‐ (104,167) ‐100.0%
Total Operating Revenues 111,782,133 50,233,421 119,555,505 51,254,305 119,185,588 54,041,303 57,969,563 3,928,259 7.3%
OPERATING EXPENDITURES
Council 309,317 133,956 320,877 140,500 375,761 163,648 156,960 6,688 4.1%
Executive 1,338,738 517,214 1,691,189 568,027 1,784,464 639,149 744,988 (105,840) ‐16.6%
City Attorney 1,829,254 713,626 1,791,167 753,544 2,213,353 896,957 837,538 59,419 6.6%
Court Services 2,016,273 830,863 2,013,364 810,280 2,187,710 890,985 849,557 41,428 4.6%
Community and Eco Dvlpmnt Admin 1,010,761 418,279 1,183,052 452,800 1,163,302 461,902 478,727 (16,826) ‐3.6%
Development Services 2,659,078 1,163,496 2,632,264 1,086,324 3,101,790 1,318,847 1,125,595 193,252 14.7%
Economic Development 654,007 230,384 658,515 278,258 911,753 353,332 361,504 (8,172) ‐2.3%
Planning 2,095,706 747,714 2,606,551 1,087,344 3,243,237 1,265,675 1,085,749 179,926 14.2%
Finance 2,644,827 852,555 3,132,812 907,912 2,953,369 899,902 1,085,634 (185,732) ‐20.6%
City Clerk 1,152,246 516,105 1,027,084 337,039 1,151,870 450,924 384,293 66,631 14.8%
Human Resources 922,668 365,419 1,182,629 462,817 1,372,669 540,016 491,217 48,798 9.0%
Police 26,383,640 10,820,669 28,144,699 11,476,180 30,153,639 12,329,940 11,827,647 502,293 4.1%
Jail Services 3,760,273 1,567,439 4,142,266 1,728,163 4,703,000 1,960,150 1,960,150 ‐ 0.0%
Fire 25,240,760 10,587,000 26,536,999 11,360,848 28,240,123 11,970,582 11,745,775 224,807 1.9%
Community Services Admin 480,727 196,067 509,439 211,318 655,344 269,629 241,005 28,624 10.6%
Parks 4,070,181 1,483,776 4,411,383 1,638,570 5,065,610 1,864,820 1,638,087 226,733 12.2%
Parks Planning & Natural Resources 722,739 270,042 808,558 283,762 1,292,543 467,457 300,170 167,287 35.8%
Recreation 4,823,195 1,601,422 5,087,811 1,795,232 5,350,288 1,833,626 1,843,341 (9,715) ‐0.5%
Human Services 1,159,189 453,886 1,225,835 470,636 1,245,394 482,759 476,551 6,208 1.3%
Neighborhoods, Resources, & Events 875,223 307,785 958,624 324,365 1,079,926 372,264 335,059 37,205 10.0%
Museum 214,291 84,860 227,094 94,299 235,281 95,501 92,699 2,802 2.9%
Public Works Admin 389,493 160,270 387,493 161,020 413,579 171,018 167,151 3,867 2.3%
Street Maintenance 4,503,315 1,791,574 5,061,723 2,027,380 5,420,445 2,164,177 2,087,428 76,749 3.5%
Transportation 4,263,725 1,771,639 4,975,059 1,925,413 5,109,047 2,044,470 2,119,001 (74,531) ‐3.6%
Debt Service 8,393,140 917,058 6,371,715 298,751 6,248,676 295,075 295,075 ‐ 0.0%
Non‐Departmental and Other 9,758,346 6,350,814 10,069,740 1,403,520 7,048,924 1,521,060 1,521,060 ‐ 0.0%
Total Operating Expenditures 111,671,112 44,853,913 117,157,942 42,084,303 122,721,097 45,723,865 44,251,964 1,471,901 3.2%
Total Ending Fund Balance 17,565,282$ 22,833,769$ 19,962,846$ 26,735,285$ 16,427,336$ 28,280,284$ 33,680,444$ 5,400,160$ 19.1%
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 May 2016
Page 1 of 37
Monthly Financial Report May 2016
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through May 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 76% of all
resources supporting general governmental activities. The following section provides detail information on property, sales,
utility, and other taxes.
Property Tax
May’s collection is $9.9 million,
making the total year‐to‐date
collection $19.4 million or 52.1%
of the total budget. In
comparison to the previous year,
the City collected $339k or 2%
more. Compared to the budget,
the City is over projections by
$742k or 4%. The April/May
variance is due to the timing of
collections in the current year
compared to the prior year.
Sales Tax
May 2016 sales tax receipts
totaled $2.3 million. Compared
with the same month last year, it
is $336k or 17% more. Compared
to the projected current month’s
budget, it is $216k or 10% above.
The year‐to‐date collection of
$10.4 million is $936k or 10%
more than the prior year and is
also $561k or 6% more than
budgeted. New Construction,
Auto Sales and Services 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 7,856,230 (2,303,888) ‐23% (274,863) ‐3%
May 7,583,868 9,072,513 9,906,533 2,322,666 31% 834,020 9%
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 19,057,443$ 18,654,175$ 19,396,313$ 338,870$ 2% 742,138$ 4%
Annual Total 36,369,429$ 37,213,314$
Property Tax Revenues
Year to Date through May
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 1,888,875 138,369 8% 122,597 7%
May 1,977,843 2,098,153 2,314,220 336,377 17% 216,067 10%
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 9,421,223$ 9,795,799$ 10,356,895$ 935,672$ 10% 561,096$ 6%
Annual Total 23,439,266$ 23,999,421$
2016 vs. Budget2016 vs. 2015
Month
Year to Date through May
Local Retail Sales Tax Revenues
Page 2 of 37
Monthly Financial Report May 2016
The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business
sectors:
Utility tax
May utility tax revenues are $1.4
million, which is $101k or 8%
higher than the same month last
year and is also higher than the
budget by $56k or 4%. The year‐
to‐date collection is $7.2 million,
which is $599k or 9% higher than
the prior year and is also $356k or
5% higher than the budget. The
favorable variance is due to
collecting more than anticipated
in Electrical utility tax.
The table below breaks out Utility Tax by source. The 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$ 1,384,085$ 1,509,960$ 310,612$ 26% 125,875$ 9%
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 1,346,282 82,383 7% 125,169 10%
May 1,262,764 1,307,620 1,363,323 100,559 8% 55,703 4%
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 6,641,841$ 6,884,379$ 7,240,686$ 598,845$ 9% 356,306$ 5%
Annual Total 17,609,196$ 15,717,444$
2016 vs. Budget2016 vs. 2015
Year to Date through May
Utility Tax Revenues
Month
Sales Tax by Sector 2015 2016 Bgt YTD Act Change 2016/2015 2016 Act vs Bgt
New Construction 1,060,465$ 1,248,955$ 1,616,412$ 555,947$ 52%$ 367,457 29%
Auto Sales 1,798,802 1,877,917 1,970,381 171,580 10% 92,464 5%
General Retail 2,922,525 2,976,980 3,011,181 88,656 3% 34,201 1%
Manufacturing 893,189 766,396 749,644 (143,544) ‐16% (16,751)‐2%
Wholesale 476,845 481,642 505,043 28,198 6% 23,401 5%
Service 2,033,089 2,195,851 2,265,021 231,932 11% 69,170 3%
Other 236,309 248,059 239,212 2,903 1% (8,846)‐4%
YTD Total 9,421,223$ 9,795,799$ 10,356,895$ 935,672$ 10%561,096$ 6%
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 2,075,204$ 2,176,976$ 2,500,347$ 425,142$ 20%$ 323,371 15%
Natural Gas 976,063 972,035 909,353 (66,709) ‐7% (62,681)‐6%
Cell 684,933 657,534 743,627 58,694 9% 86,092 13%
Phone 397,717 430,113 410,986 13,270 3% (19,127)‐4%
Cable 629,058 648,491 643,405 14,348 2% (5,086)‐1%
Garbage/Solid Waste 238,557 227,640 276,362 37,805 16% 48,722 21%
City Utilities 1,640,310 1,660,363 1,645,378 5,068 0% (14,984)‐1%
Utility Tax Audit ‐ 111,227 111,227 111,227 100% ‐ 0%
YTD Total 6,641,841$ 6,884,379$ 7,240,686$ 598,845$ 9%356,306$ 5%
Annual Total 17,609,196$ 15,717,444$
YTD as % of 38% 44%
Page 3 of 37
Monthly Financial Report May 2016
Other Taxes
Real Estate Excise Tax
The City collected $475k in Real
Estate Excise Tax revenues (REET)
for May. This is $81k or 21% more
than the same month last year
and is also $65k or 16% more than
the current month’s budget. The
year‐to‐date collection is $2.4
million, which is $860k or 55%
more than the prior year and is
also $261k or 12% above the
budget. The higher than expected
variance is due to 12 large
transactions in December, January
and April which accounts for $1
million of the total REET collected.
Gambling Tax
May’s Gambling Tax collections
totaled $198k, which is $15k or
8% above the same month last
year and is also above the current
month’s budget by $68k or 52%.
The year‐to‐date total of $988k is
$86k or 10% above the prior year
and is also $355k or 56% above
budget. $32k of the year‐to‐date
collections are from a payment
plan of back taxes earned in
2013/2014.
Pull tabs overall had a 6%
decrease, bingo had an 89%
decrease (bingo establishment
closed December 2015), and card‐rooms are seeing 11% 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 $704k is $35k or 5% higher
than the prior year and is also
$88k or 14% 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 438,485 529,653 335,985 (102,500) ‐23% (193,668) ‐37%
May 394,014 410,185 475,244 81,230 21% 65,059 16%
Jun 478,186 367,100
Jul 563,474 281,074
Aug 281,921 208,012
Sep 449,693 218,830
Oct 497,978 298,136
Nov 325,743 131,914
Dec 437,098 333,961
YTD Total 1,561,072$ 2,160,973$ 2,421,486$ 860,414$ 55% 260,513$ 12%
Annual Total 4,595,166$ 4,000,000$
Month
2016 vs. Budget2016 vs. 2015
Real Estate Excise Tax Revenues
Year to Date through May
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 207,646 126,243 197,286 (10,361) ‐5% 71,043 56%
May 183,090 130,206 198,234 15,144 8% 68,027 52%
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 902,480$ 633,333$ 988,484$ 86,005$ 10% 355,151$ 56%
Annual Total 2,299,156$ 1,600,000$
2016 vs. 2015
Gambling Tax Revenue
Month
Year to Date through May
2016 vs. Budget
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 333,343$ 307,326$ 348,118$ 14,775$ 4% 40,792$ 13%
Apr 335,218 308,402 355,430 20,212 6% 47,028 15%
Jul 340,657 311,290 ‐
Oct 339,936 309,807 ‐
Dec ‐ 23,175 ‐
YTD Total 668,561$ 615,728$ 703,549$ 34,987$ 5% 87,820$ 14%
Annual Total 1,349,154$ 1,260,000$
Franchise Fees Revenue
Year to Date through May
Month
2016 vs. 2015 2016 vs. Budget
Page 4 of 37
Monthly Financial Report May 2016
Admission Tax
Admission Tax returns are due
quarterly in January, April, July,
and October of each year. April
2016 collections represent
activities conducted during the 1st
quarter of 2016. The year‐to‐date
collection of $141k is $9k or 7%
less than the prior year and is also
$16k or 11% 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. Year‐to‐date
receipts totaled $4.9 million. This
is due to one business reporting a
full year’s worth of activity.
Licenses and Permits
Business Licenses
Business Licenses totaled $111k
for May, which is $57k or 34%
below the same month last year
but is $35k or 47% above the
current month’s budget. The
year‐to‐date Business Licenses
revenue of $1.2 million is $333k
or 22% below the prior year and is
also below the budget by $87k or
7%. 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 63,088 (2,020) ‐3% (8,782) ‐12%
May 1,523 786 ‐
Jun ‐ 75 ‐
Jul 82,804 83,565 ‐
Oct 75,167 78,334 ‐
Nov 35 18 ‐
YTD Total 151,784$ 158,008$ 140,840$ (9,314)$ ‐7% (16,327)$ ‐11%
Annual Total 309,790$ 320,000$
2016 vs. Budget
Admission Tax Revenue
Year to Date through May
Month
2016 vs. 2015
2015 2016 2016
Actual Budget Actual $ % $ %
Jan ‐$ ‐$ ‐$
Feb ‐ ‐ ‐
Mar ‐ ‐ ‐
Apr ‐ 4,500,000 4,578,349 4,578,349 100% 78,349 2%
May ‐ ‐ 304,032 304,032 100% 304,032 100%
Jun ‐ ‐ ‐
Jul ‐ 250,000 ‐
Aug ‐ ‐ ‐
Sep ‐ ‐ ‐
Oct ‐ 250,000 ‐
Nov ‐ ‐ ‐
Dec ‐ ‐ ‐
YTD Total ‐$ 4,500,000$ 4,882,381$ 4,882,381$ 100% 382,381$ 8%
Annual Total ‐$ 5,000,000$
*Total Business & Occupation Taxes (GF & CIP)
Business & Occupation Taxes*
Year to Date through May
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 513,360 118,272 207,099 (306,261) ‐60% 88,827 75%
May 167,985 75,750 111,131 (56,855) ‐34% 35,381 47%
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 1,517,527$ 1,272,060$ 1,184,825$ (332,702)$ ‐22% (87,235)$ ‐7%
Annual Total 3,125,740$ 1,811,000$
*Total Business License (GF & CIP)
Business Licenses*
Month
2016 vs. 2015
Year to Date through May
2016 vs. Budget
Page 5 of 37
Monthly Financial Report May 2016
Building Permits and Development
Service Fees
Building Permits and Development
Service Fee revenues totaled
$376k in May. The year‐to‐date
development fees revenue of $2.4
million is $615k or 35% more than
the year before and is also $562k
or 31% 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 $6.2 million or 46% of the budget.
State Shared Revenues
State Shared Revenue
collections totaled $2.3
million since the start of the
year. Compared to the
prior year, State Shared
Revenues are above by
$289k or 14%. Compared
to the projected budget, the
City is collecting $167k or
8% more. The higher than
expected collection is due
to collecting more than
anticipated Criminal
Justice’s Sales Tax, Criminal
Justice’s High Crime and Liquor Excise Tax.
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 655,282 492,468 336,108 (319,174) ‐49% (156,360) ‐32%
May 235,121 291,407 376,324 141,204 60% 84,917 29%
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 1,755,389$ 1,808,985$ 2,370,874$ 615,485$ 35% 561,890$ 31%
Annual Total 6,077,055$ 5,173,368$
Building Permits and Development Service Fees
Year to Date through May
2016 vs. Budget2016 vs. 2015
Month
Intergovernmental 2015 2016 Bgt YTD Act Change 2016/2015 2016 Act vs Bgt
Fire District #25 628,463$ 670,937$ 670,937$ 42,474$ 7% $ ‐ 0%
Fire District #40 2,476,103 2,601,942 2,601,942 125,839 5%‐ 0%
State Shared Revenue 2,053,396 2,175,522 2,342,712 289,316 14% 167,189 8%
Federal Grants 307,009 225,612 225,612 (81,397) ‐27%‐ 0%
State Grants 27,771 39,421 39,421 11,650 42%‐ 0%
Other Grants/Intgovt 328,167 336,421 330,458 2,290 1% (5,963) ‐2%
ARRA Grants ‐ 0 ‐ ‐ N/A ‐ 0%
Total Rev YTD 5,820,910$ 6,049,855$ 6,211,081$ 390,172$ 7%161,226$ 3%
Total Rev Annual 13,842,673$ 13,638,194$
YTD % 42% 44% 46%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
2015 2016 2016
Actual Budget Actual $ % $ %
Crim Just Sales Tax 991,298$ 1,029,455$ 1,086,336$ 95,038$ 10% 56,881$ 6%
Judicial Contribution 10,895 ‐ 12,200 1,305 12% 12,200 100%
Crim Just ‐ High Crime 125,694 118,009 155,458 29,764 24% 37,449 32%
Crim Just ‐ Pop 12,688 11,676 13,231 543 4% 1,555 13%
Crim Just ‐ Spec Prog 46,617 43,330 48,378 1,761 4% 5,048 12%
State DUI 8,544 9,179 7,700 (844) ‐10% (1,479) ‐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 108,837 199,551 234,988 126,151 116% 35,437 18%
Fuel Tax 535,844 551,702 568,919 33,076 6% 17,218 3%
YTD Total 2,053,396$ 2,175,522$ 2,342,712$ 289,316$ 14% 167,189$ 8%
Annual Total 5,439,235$ 5,672,795$
2016 vs. Budget
State Shared Revenues
2016 vs. 2015
Revenue
Year to Date through May
Page 6 of 37
Monthly Financial Report May 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 $2.9 million or 37% of the budget. The
following sections provide detail information for Public Safety, Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totaled
$362k 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 $4k or 1% less.
Compared to the year‐to‐date
budget, the City is over budget by
$90k or 33%. The variance with
the prior year and budget is due to
collecting 2 large
payments/reimbursements for
electronic home detention and
School Resource Officer programs.
Recreation
Recreation revenues totaled $72k
for the current month. Compared
to the same month the prior year,
the City collected $8k or 13%
more. Compared to the projected
monthly budget, the City collected
$24k or 25% less. The year‐to‐
date collection of $457k is $119k
or 35% higher than the year
before but is $9k or 2% lower 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 $397k 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 51,002 (95,713) ‐65% (26,814) ‐34%
May 55,309 38,231 48,201 (7,108) ‐13% 9,970 26%
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 365,241$ 271,759$ 361,501$ (3,740)$ ‐1% 89,742$ 33%
Annual Total 650,997$ 630,135$
Year to Date through May
Public Safety Services
2016 vs. 2015 2016 vs. Budget
Month
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 117,124$ 104,917$ 163,783$ 46,659$ 40% 58,866$ 56%
Feb 30,177 55,678 48,009 17,832 59% (7,669) ‐14%
Mar 35,946 57,563 60,615 24,669 69% 3,052 5%
Apr 91,404 152,158 112,627 21,224 23% (39,530) ‐26%
May 64,015 96,002 72,246 8,231 13% (23,756) ‐25%
Jun 227,942 225,001 ‐
Jul 428,943 420,247 ‐
Aug 313,197 314,325 ‐
Sep 119,720 134,250 ‐
Oct 55,478 72,003 ‐
Nov 61,601 55,079 ‐
Dec 42,331 40,169 ‐
YTD Total 338,666$ 466,319$ 457,281$ 118,615$ 35% (9,037)$ ‐2%
Annual Total 1,587,878$ 1,727,393$
Recreation
Year to Date through May
2016 vs. Budget2016 vs. 2015
Month
Page 7 of 37
Monthly Financial Report May 2016
Interfund Services
The year‐to‐date collections for
Interfund Services revenues are
$1.4 million. Compared to the
prior year, the revenues are over
by $115k or 9%. Compared to the
projected budget, the revenues
are below by $124k 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
$1.1 million. This is $34k or 3%
lower than a year ago and is also
$138k or 11% 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$ 307,451$ 272,841$ 7,774$ 3% (34,609)$ ‐11%
Feb 264,413 307,451 286,748 22,336 8% (20,702) ‐7%
Mar 260,071 307,451 305,054 44,983 17% (2,396) ‐1%
Apr 248,466 307,451 276,238 27,772 11% (31,213) ‐10%
May 260,774 307,451 272,641 11,867 5% (34,809) ‐11%
Jun 292,480 307,451 ‐
Jul 252,451 307,451 ‐
Aug 248,774 307,451 ‐
Sep 247,822 307,451 ‐
Oct 283,145 307,451 ‐
Nov 257,874 307,451 ‐
Dec 225,093 307,451 ‐
YTD Total 1,298,792$ 1,537,253$ 1,413,523$ 114,731$ 9% (123,730)$ ‐8%
Annual Total 3,106,430$ 3,689,406$
Interfund Services
Year to Date through May
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 245,206 298,933 250,873 5,667 2% (48,060) ‐16%
May 257,217 273,396 214,613 (42,604) ‐17% (58,783) ‐22%
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 1,116,996$ 1,221,034$ 1,083,222$ (33,774)$ ‐3% (137,812)$ ‐11%
Annual Total 3,019,236$ 3,320,500$
2016 vs. Budget2016 vs. 2015
Year to Date through May
Fines and Penalties by Month
Month
Year to Date through May
2015 2016 2016
Actual Budget Actual $ % $ %
Civil Penalties 1,459$ 7,037$ 757$ (702)$ ‐48% (6,279)$ ‐89%
Civil Infraction Penalties 151,039 267,048 122,981 (28,058) ‐19% (144,067) ‐54%
Civil Parking Infraction Penalties 53,184 76,484 54,634 1,450 3% (21,850) ‐29%
Photo Enforcement Program 802,869 748,897 794,941 (7,928) ‐1% 46,044 6%
Criminal Traffic Misdemeanor Fines 31,478 44,273 27,259 (4,220) ‐13% (17,015) ‐38%
Criminal Non‐Traffic Fines 25,135 20,623 12,623 (12,512) ‐50% (8,000) ‐39%
Criminal Costs 39,594 49,454 35,687 (3,908) ‐10% (13,767) ‐28%
Non‐Court Fines, Forfeitures and Penalties 12,237 7,219 34,341 22,104 181% 27,122 376%
YTD Total 1,116,996$ 1,221,034$ 1,083,222$ (33,774)$ ‐3% (137,812)$ ‐11%
Annual Total 3,019,236$ 3,320,500$
Revenue
2016 vs. Budget
Fines and Penalties by Type
2016 vs. 2015
Page 8 of 37
Monthly Financial Report May 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
$795k.
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 $1.5 million.
Compared to last year, the
revenues are above by $604k or
70%. Compared to the projected
year‐to‐date budget, the revenues
are over by $867k or 144%. 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$ 199,303$ 258,876$ (10,789)$ ‐4% 59,572$ 30%
Feb 135,539 96,154 802,908 667,369 492% 706,754 735%
Mar 182,386 121,939 125,950 (56,436) ‐31% 4,011 3%
Apr 132,893 84,375 142,439 9,546 7% 58,064 69%
May 144,753 101,131 139,504 (5,249) ‐4% 38,374 38%
Jun 215,629 197,504
Jul 189,913 64,601
Aug 199,969 130,176
Sep 139,977 306,444
Oct 173,512 120,987
Nov 148,227 111,497
Dec 435,114 388,506
YTD Total 865,234$ 602,903$ 1,469,677$ 604,443$ 70% 866,775$ 144%
Annual Total 2,367,576$ 1,922,616$
Year to Date through May
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 187,598 168,524 89,912 95,106 73,417
May 163,442 143,229 89,912 95,046 48,182
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 748,897$ 794,941$ 449,560$ 409,105$ 385,836$
Annual Total 2,194,000$ 1,078,943$
1Actuals of Revenues and Expenses
ExpensesRevenues
Photo Enforcement Program
Year to Date through May
Month
2015 2016 2016
Actual Budget Actual $ % $ %
Interests and Other Earnings 277,510$ 149,795$ 282,676$ 5,166$ 2% 132,882$ 89%
Rents, Leases, and Concessions 340,235 286,205 276,280 (63,955) ‐19% (9,925) ‐3%
Contributions/Donations from Private Sources 38,318 29,655 42,389 4,072 11% 12,734 43%
Other 202,728 133,949 205,188 2,460 1% 71,239 53%
Seizure Funds ‐ Federal/State/Local 6,444 3,299 663,143 656,700 10192% 659,844 20002%
YTD Total 865,234$ 602,903$ 1,469,677$ 604,443$ 70% 866,775$ 144%
Annual Total 2,367,576$ 1,922,616$
2016 vs. Budget
Miscellaneous Revenues by Type
Year to Date through May
Revenue
2016 vs. 2015
Page 9 of 37
Monthly Financial Report May 2016
EXPENSES
Overall the City has expended 36% of its budgeted general governmental expenditures at the end of May. This is $1.5 million or
3.2% below year‐to‐date budgeted expenditures. See below for summary of unfavorable items for general governmental
departments.
Executive department is over the year‐to‐date budget by $106k or 16.6%. 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 $119k or 8.8%. This is due
higher than expected merchant fees and spending patterns of professional services (utility tax audit services) compared to
prior years.
Page 10 of 37
Monthly Financial Report May 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 ‐ ‐ ‐ ‐ 33,523 17,550 ‐
Grants / intergovernmental 475,099 ‐ 111,688 ‐ ‐ 1,215,632 ‐
Charges for services 57,364 667,884 7,195,391 6,159,702 4,095,975 4,488,485 6,612,557
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 1,703 ‐ ‐ ‐ 517 ‐ ‐
Rents, leases, and misc fees 1,077,421 138,836 51,813 85,320 ‐ ‐ ‐
Interest and other misc 2,980 514 6,262 337,082 335,013 97,244 7,715
TOTAL REVENUES 1,614,567 807,234 7,365,154 6,582,104 4,465,028 5,818,911 6,620,272
EXPENSES:
Utility billing ‐ ‐ 56,796 53,743 41,365 67,295 ‐
Utility systems ‐ ‐ 5,650,670 1,387,431 1,318,757 1,910,473 ‐
Utility maintenance ‐ ‐ 118,496 2,162,073 680,080 1,093,944 6,266,255
Transportation 631,239 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 769,321 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 631,239 769,321 5,825,962 3,603,247 2,040,202 3,071,712 6,266,255
AMOUNT AVAILABLE FOR DEBT SERVICE 983,328 37,913 1,539,192 2,978,857 2,424,826 2,747,199 354,017
DEBT SERVICE:
Principal ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest ‐ ‐ ‐ ‐ ‐ 216,669 ‐
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ 216,669 ‐
CAPITAL PROJECTS 64,215 ‐ ‐ 272,098 193,800 335,089 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ ‐ (5,974) (2,689) ‐
CHANGE IN FUND BALANCE 919,113 37,913 1,539,192 2,706,759 2,225,052 2,192,752 354,017
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, May 31 2,063,862 (72,143) 3,690,648 25,388,380 13,861,567 12,875,530 4,346,395
Page 11 of 37
Monthly Financial Report May 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 ‐ 86,423 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ ‐ ‐ ‐ ‐ ‐ 42,430
Charges for services
Equipment rental m&o 1,179,008 1,520,912 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 22,023 ‐ 178,401 ‐ ‐ ‐
Communications ‐ ‐ ‐ 249,418 ‐ ‐ ‐
Facilities ‐ ‐ 2,063,510 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 67,337 ‐ ‐ ‐ ‐ ‐
IT service co ntracts ‐ 205,190 ‐ ‐ ‐ ‐ ‐
Interest and other misc 11,139 4,376 2,489 1,079 25,877 13,929 16,061
Internal service fund misc:
Vehicle / equipment capital recovery 1,343,066 61,257 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 792,037 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 789,821 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 5,183,006 927,560
Other misc 125 166 9,137 ‐ ‐ 476,416 ‐
Interfund Loan ‐ ‐ ‐ ‐ 146,298 ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 36,270 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 76,245 ‐ ‐
TOTAL REVENUES 2,569,608 1,967,684 2,075,136 428,898 1,830,278 5,673,351 986,051
EXPENSES:
Communications 214,036
Equipment rental 927,107
Facilities 1,732,398
Healthcare 5,027,080
Information technology 1,628,578
Print and mail 163,836
Retiree healthcare 435,388
Risk management:
Risk ma nagement 969,012
Unemployment 66,784
Worker's compensation 800,308
TOTAL EXPENSES 927,107 1,628,578 1,732,398 377,872 1,836,104 5,027,080 435,388
AMOUNT AVAILABLE FOR CAPITAL 1,642,501 339,106 342,738 51,026 (5,826) 646,271 550,663
CAPITAL PROJECTS 182,366 50,425 119,841 ‐ ‐ ‐ ‐
TRANSFERS IN ‐ 21,335 ‐ ‐ ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 1,460,135 310,016 222,897 51,026 (5,826) 646,271 550,663
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, May 31 7,080,415 2,637,325 1,482,400 627,359 13,079,484 8,169,538 9,443,151
Page 12 of 37
Monthly Financial Report May 2016
FUND BALANCE
Page 14 shows the ending fund balance as of May 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 May, the City has $33.7 million reported in the combined general governmental fund balance of the current year’s
operating budget, which is approximately 27% of budgeted operating expenditures. This is an increase of $13.7 million from the
year’s beginning balance. May’s ending fund balance is over the anticipated General Governmental Fund Balance of $28.3
million by $5.4 million or 19.1%. 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 13 of 37
Monthly Financial Report May 2016
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through May 31, 2016
Funds
Balance
01/01/2016
Budgeted
Revenue
Revenue
05/31/16
Total Funds
Available
Budgeted
Expenditure
Expenditure
05/31/16 Ending Balance
GENERAL GOVERNMENT FUNDS:19,962,845 119,185,589 57,969,563 77,932,408 122,721,097 44,251,964 33,680,444
000 General 12,622,447 89,121,012 43,673,192 56,295,639 91,918,450 35,215,285 21,080,354
001 Community Services 2,818,784 12,661,674 5,753,817 8,572,601 13,355,577 4,326,090 4,246,511
003 Street 2,422,668 10,489,584 5,137,210 7,559,878 10,529,492 4,206,429 3,353,449
004 Community Dev Block Grant 66,654 307,462 57,199 123,853 295,986 65,017 58,836
005 Museum 66,388 235,281 117,713 184,101 235,281 92,699 91,401
009 Farmers Market 110,830 96,900 11,184 122,014 88,135 31,572 90,442
011 Fire Health & Wellness 88,406 25,000 10,686 99,092 49,500 19,796 79,296
201 Ltd GO Bonds Gen Govt Debt 845,273 1,755,255 879,281 1,724,554 1,755,255 ‐ 1,724,554
215 Gen Govt Misc Debt Service 921,395 4,493,421 2,329,282 3,250,677 4,493,421 295,075 2,955,602
SPECIAL REVENUE FUNDS: 1,681,875 1,919,264 801,564 2,483,439 2,653,291 701,186 1,782,253
102 Arterial Street 31,697 650,000 267,975 299,672 650,000 ‐ 299,672
108 Leased City Properties 560,515 931,590 350,693 911,208 1,445,852 623,809 287,399
110 Hotel Motel 315,590 225,000 95,647 411,237 326,298 71,000 340,237
125 1% For Art 111,206 15,000 196 111,402 102,950 ‐ 111,402
127 Cable Communication 330,376 97,674 86,468 416,844 128,191 6,377 410,467
135 Springbrook Wetlands Bank 332,491 ‐ 585 333,076 ‐ ‐ 333,076
CAPITAL PROJECT FUNDS (CIP):21,039,649 41,766,061 6,725,014 27,764,663 58,252,162 4,768,077 22,996,586
303 Community Dev Mitigation 1,239,509 86,500 83,888 1,323,397 ‐ ‐ 1,323,397
304 Fire Mitigation 1,209,670 99,000 179,757 1,389,427 250,000 ‐ 1,389,427
305 Transportation Mitigation 937,248 600,000 221,694 1,158,942 800,000 ‐ 1,158,942
316 Municipal Facilities CIP 9,264,141 12,601,188 2,865,549 12,129,690 21,805,950 857,199 11,272,491
317 Transportation CIP 3,947,132 28,379,373 3,366,131 7,313,263 31,971,038 3,690,158 3,623,105
326 Housing Opportunity 1,041,775 ‐ 1,837 1,043,612 25,000 ‐ 1,043,612
336 New Library Development 3,400,174 ‐ 6,158 3,406,332 3,400,174 220,720 3,185,612
ENTERPRISE FUNDS:52,179,441 97,832,850 33,294,098 85,473,539 119,221,723 23,319,305 62,154,234
4X2 Airport Operating & CIP 1,144,749 15,253,846 1,614,567 2,759,316 15,222,409 695,454 2,063,862
403 Solid Waste Utility 2,151,456 16,514,320 7,365,153 9,516,609 17,140,339 5,825,962 3,690,647
4X4 Golf Operating & CIP (110,056) 2,812,793 828,065 718,009 2,295,432 790,152 (72,143)
4X5 Water Operating & CIP 22,681,621 16,959,363 6,582,104 29,263,725 28,592,307 3,875,345 25,388,380
4X6 Waste Water Operating & CIP 11,636,515 12,365,533 4,465,027 16,101,542 17,565,925 2,239,977 13,861,565
416 King County Metro 3,992,378 16,638,722 6,620,272 10,612,650 16,638,722 6,266,255 4,346,395
4X7 Surface Water Operating & CIP 10,682,778 17,288,273 5,818,910 16,501,688 21,766,589 3,626,160 12,875,528
INTERNAL SERVICE FUNDS:39,284,490 37,719,031 15,552,342 54,836,832 37,276,236 12,317,159 42,519,673
501 Equipment Repair/Replacement 5,620,280 6,129,145 2,569,609 8,189,889 5,409,692 1,109,473 7,080,416
502 Insurance 13,085,310 4,166,201 1,830,278 14,915,588 3,612,594 1,836,104 13,079,484
503 Information Services 2,327,309 4,861,871 1,989,019 4,316,328 5,988,478 1,679,003 2,637,325
504 Facilities 1,259,503 4,953,544 2,075,136 3,334,639 5,389,389 1,852,239 1,482,400
505 Communications 576,333 1,040,239 428,898 1,005,231 1,112,381 377,872 627,359
512 Insurance, Healthcare 7,523,267 14,295,824 5,673,351 13,196,618 14,596,149 5,027,080 8,169,538
522 Insurance, Leoff1 Retirees HC 8,892,488 2,272,207 986,051 9,878,539 1,167,553 435,388 9,443,151
FIDUCIARY FUNDS:5,299,035 468,000 154,985 5,454,020 200,475 81,676 5,372,344
611 Firemen's Pension 5,299,035 468,000 154,985 5,454,020 200,475 81,676 5,372,344
TOTAL FUNDS 139,447,335 298,890,795 114,497,566 253,944,901 340,324,984 85,439,367 168,505,534
Page 14 of 37
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 27,039,048 (5,240,781) 14,722,064
April 40,464,776 35,281,644 5,183,131 25,145,976
May 57,969,563 44,251,964 13,717,599 33,680,444
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)
‐
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
11,000,000
12,000,000
13,000,000
14,000,000
15,000,000
‐
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 15 of 37
City of Renton
Monthly Revenue Analysis ‐ 2016 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 6,050,416 7,317,475 20.94%
Feb 12,457,812 14,715,559 18.12%
Mar 19,103,967 21,798,267 14.10%
Apr 36,149,368 40,464,776 11.94%
May 54,041,303 57,969,563 7.27%
Jun 60,359,814
Jul 67,331,064
Aug 74,138,651
Sep 80,601,099
Oct 95,497,753
Nov 109,582,907
Dec 119,185,588
Percent of budget 48.64%
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 9,489,780 ‐0.96%
May 18,654,175 19,396,313 3.98%
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 52.12%
$‐
$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 16 of 37
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 8,995,034 5.01%
May 10,893,426 11,583,888 6.34%
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 43.31%
Note: Excludes CJ Sales Tax and Natural Gas Use Tax.
Utility Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,384,085 1,509,960 9.09%
Feb 2,802,425 3,107,308 10.88%
Mar 4,355,647 4,531,081 4.03%
Apr 5,576,759 5,877,363 5.39%
May 6,884,379 7,240,686 5.18%
Jun 8,202,591
Jul 9,367,751
Aug 10,667,136
Sep 11,870,479
Oct 13,064,155
Nov 14,326,342
Dec 15,717,444
Percent of budget 46.07%
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
$18
Millions Utility Tax
Budget
Actual
Last Year
Page 17 of 37
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 1,809,916 43.02%
May 1,515,887 2,089,751 37.86%
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 52.13%
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 2,346,422 2,487,675 6.02%
May 6,049,855 6,211,081 2.66%
Jun 6,637,683
Jul 7,131,610
Aug 7,947,536
Sep 8,483,393
Oct 9,217,355
Nov 10,308,649
Dec 13,638,194
Percent of budget 45.54%
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 18 of 37
City of Renton
Monthly Revenue Analysis ‐ 2016 Budget Year
Charges for
Services Budget
YTD
Actual
Annual %
over (under)
Jan 598,604 640,658 7.03%
Feb 1,117,685 1,197,265 7.12%
Mar 1,699,522 1,777,230 4.57%
Apr 2,480,463 2,377,940 ‐4.13%
May 3,011,873 2,926,771 ‐2.83%
Jun 3,984,858
Jul 4,884,650
Aug 5,655,002
Sep 6,237,457
Oct 6,840,019
Nov 7,365,845
Dec 8,007,932
Percent of budget 36.55%
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 947,638 868,609 ‐8.34%
May 1,221,034 1,083,222 ‐11.29%
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 32.62%
$‐
$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 19 of 37
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 4,800,048 7,228,286 50.59%
May 5,103,604 5,968,173 16.94%
Jun 5,569,347
Jul 6,482,574
Aug 6,807,221
Sep 7,123,290
Oct 8,089,336
Nov 8,344,672
Dec 8,359,000
Percent of budget 71.40%
Misc Budget
YTD
Actual
Annual %
over (under)
Jan 199,303 258,876 29.89%
Feb 295,458 1,061,784 259.37%
Mar 417,397 1,187,734 184.56%
Apr 501,772 1,330,173 165.10%
May 602,903 1,469,677 143.77%
Jun 800,406
Jul 865,007
Aug 995,183
Sep 1,301,627
Oct 1,422,614
Nov 1,534,110
Dec 1,922,616
Percent of budget 76.44%
$‐
$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 20 of 37
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 ‐ 0.00%
May 104,167 ‐ 0.00%
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 1,750,788 1,946,242 11.16%
May 2,160,973 2,421,486 12.06%
Jun 2,528,073
Jul 2,809,147
Aug 3,017,159
Sep 3,235,989
Oct 3,534,126
Nov 3,666,039
Dec 4,000,000
Percent of budget 60.54%
$‐
$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 21 of 37
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 1,994,550 31.43%
May 1,808,985 2,370,874 31.06%
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 45.83%
B & O Tax Budget
YTD
Actual
Annual %
over (under)
Jan ‐ ‐ N/A
Feb ‐ ‐ N/A
Mar ‐ ‐ N/A
Apr 4,500,000 4,578,349 1.74%
May 4,500,000 4,882,381 8.50%
Jun 4,500,000
Jul 4,750,000
Aug 4,750,000
Sep 4,750,000
Oct 5,000,000
Nov 5,000,000
Dec 5,000,000
Percent of budget 97.65%
$‐
$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 22 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 8,915,003 8,625,290 ‐3.25%
Feb 18,415,063 18,026,295 ‐2.11%
Mar 27,785,546 27,039,048 ‐2.69%
Apr 36,589,337 35,281,644 ‐3.57%
May 45,723,865 44,251,964 ‐3.22%
Jun 59,406,262
Jul 70,080,169
Aug 80,682,667
Sep 91,030,953
Oct 100,928,386
Nov 110,954,922
Dec 122,721,097
Percent of budget expended 36.06%
Legislative Budget
YTD
Actual
Annual %
over (under)
Jan 33,153 34,732 4.76%
Feb 67,972 64,182 ‐5.58%
Mar 102,703 99,419 ‐3.20%
Apr 132,696 129,027 ‐2.77%
May 163,648 156,960 ‐4.09%
Jun 194,452
Jul 224,495
Aug 254,415
Sep 284,228
Oct 314,294
Nov 344,069
Dec 375,761
Percent of budget expended 41.77%
$‐
$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
$400,000
Legislative
Budget
Actual
Last Year
Page 23 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Executive Budget
YTD
Actual
Annual %
over (under)
Jan 92,301 192,359 108.40%
Feb 227,599 322,242 41.58%
Mar 363,001 486,643 34.06%
Apr 501,457 616,267 22.90%
May 639,149 744,988 16.56%
Jun 775,317
Jul 916,869
Aug 1,146,554
Sep 1,302,813
Oct 1,437,782
Nov 1,585,169
Dec 1,784,464
Percent of budget expended 41.75%
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 710,479 670,522 ‐5.62%
May 896,957 837,538 ‐6.62%
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 37.84%
$‐
$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 24 of 37
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 706,499 678,807 ‐3.92%
May 890,985 849,557 ‐4.65%
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 38.83%
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 367,204 382,305 4.11%
May 461,902 478,727 3.64%
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 41.15%
$‐
$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 25 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Development
Services Budget
YTD
Actual
Annual %
over (under)
Jan 245,192 212,162 ‐13.47%
Feb 507,046 448,710 ‐11.50%
Mar 783,880 676,129 ‐13.75%
Apr 1,054,990 892,326 ‐15.42%
May 1,318,847 1,125,595 ‐14.65%
Jun 1,572,704
Jul 1,822,169
Aug 2,087,371
Sep 2,322,992
Oct 2,570,741
Nov 2,821,115
Dec 3,101,790
Percent of budget expended 36.29%
Economic
Development Budget
YTD
Actual
Annual %
over (under)
Jan 55,274 50,235 ‐9.12%
Feb 141,171 108,276 ‐23.30%
Mar 213,971 166,805 ‐22.04%
Apr 287,984 287,672 ‐0.11%
May 353,332 361,504 2.31%
Jun 426,061
Jul 506,321
Aug 587,572
Sep 662,674
Oct 733,151
Nov 809,820
Dec 911,753
Percent of budget expended 39.65%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
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 26 of 37
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 975,403 846,345 ‐13.23%
May 1,265,675 1,085,749 ‐14.22%
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 33.48%
Finance Budget
YTD
Actual
Annual %
over (under)
Jan 170,399 220,501 29.40%
Feb 348,757 434,053 24.46%
Mar 530,075 642,161 21.15%
Apr 710,548 858,782 20.86%
May 899,902 1,085,634 20.64%
Jun 1,213,989
Jul 1,412,993
Aug 1,742,187
Sep 1,948,700
Oct 2,152,763
Nov 2,344,422
Dec 2,953,369
Percent of budget expended 36.76%
$‐
$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 27 of 37
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 375,900 313,676 ‐16.55%
May 450,924 384,293 ‐14.78%
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 33.36%
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 431,140 395,008 ‐8.38%
May 540,016 491,217 ‐9.04%
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 35.79%
$‐
$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 28 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Police Budget
YTD
Actual
Annual %
over (under)
Jan 2,968,400 2,819,381 ‐5.02%
Feb 5,611,554 5,349,745 ‐4.67%
Mar 8,680,365 8,330,684 ‐4.03%
Apr 11,315,325 10,868,880 ‐3.95%
May 14,290,090 13,787,797 ‐3.51%
Jun 17,109,964
Jul 20,167,107
Aug 22,840,420
Sep 25,876,796
Oct 28,602,024
Nov 31,665,502
Dec 34,856,639
Percent of budget expended 39.56%
Fire &
Emergency
Services Budget
YTD
Actual
Annual %
over (under)
Jan 2,524,668 2,291,374 ‐9.24%
Feb 5,387,429 5,299,522 ‐1.63%
Mar 7,616,146 7,516,586 ‐1.31%
Apr 9,791,576 9,575,877 ‐2.20%
May 11,970,582 11,745,775 ‐1.88%
Jun 14,200,052
Jul 16,476,940
Aug 18,932,437
Sep 21,226,190
Oct 23,420,500
Nov 25,712,378
Dec 28,240,123
Percent of budget expended 41.59%
$‐
$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 29 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Community
Services Admin Budget
YTD
Actual
Annual %
over (under)
Jan 51,313 52,449 2.21%
Feb 106,151 113,335 6.77%
Mar 166,408 155,142 ‐6.77%
Apr 219,984 196,747 ‐10.56%
May 269,629 241,005 ‐10.62%
Jun 318,350
Jul 373,308
Aug 427,541
Sep 481,684
Oct 534,206
Nov 589,603
Dec 655,344
Percent of budget expended 36.78%
Parks Budget
YTD
Actual
Annual %
over (under)
Jan 336,143 302,959 ‐9.87%
Feb 700,947 615,902 ‐12.13%
Mar 1,083,549 949,380 ‐12.38%
Apr 1,459,798 1,301,241 ‐10.86%
May 1,864,820 1,638,087 ‐12.16%
Jun 2,298,738
Jul 2,803,971
Aug 3,298,106
Sep 3,795,912
Oct 4,241,176
Nov 4,633,809
Dec 5,065,610
Percent of budget expended 32.34%
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
Millions Parks
Budget
Actual
Last Year
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
Community Services Admin
Budget
Actual
Last Year
Page 30 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Parks Planning
and Natural
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 75,967 46,446 ‐38.86%
Feb 155,277 103,226 ‐33.52%
Mar 253,324 165,213 ‐34.78%
Apr 346,004 211,159 ‐38.97%
May 467,457 300,170 ‐35.79%
Jun 559,036
Jul 680,904
Aug 791,212
Sep 915,691
Oct 1,046,163
Nov 1,169,288
Dec 1,292,543
Percent of budget expended 23.22%
Recreation Budget
YTD
Actual
Annual %
over (under)
Jan 333,199 330,010 ‐0.96%
Feb 695,830 697,557 0.25%
Mar 1,066,777 1,078,551 1.10%
Apr 1,449,516 1,463,737 0.98%
May 1,833,626 1,843,341 0.53%
Jun 2,256,512
Jul 2,918,465
Aug 3,604,071
Sep 4,146,829
Oct 4,519,658
Nov 4,905,603
Dec 5,350,288
Percent of budget expended 34.45%
$‐
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
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 31 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Human
Services Budget
YTD
Actual
Annual %
over (under)
Jan 49,110 81,352 65.65%
Feb 125,070 213,832 70.97%
Mar 261,952 269,088 2.72%
Apr 415,655 395,807 ‐4.78%
May 482,759 476,551 ‐1.29%
Jun 549,115
Jul 688,263
Aug 780,310
Sep 841,325
Oct 998,379
Nov 1,058,789
Dec 1,245,394
Percent of budget expended 38.27%
Neighborhoods
, Resources,
and Events Budget
YTD
Actual
Annual %
over (under)
Jan 67,315 66,354 ‐1.43%
Feb 164,242 144,459 ‐12.05%
Mar 234,621 213,473 ‐9.01%
Apr 302,985 268,788 ‐11.29%
May 372,264 335,059 ‐9.99%
Jun 455,511
Jul 584,532
Aug 682,794
Sep 775,886
Oct 856,667
Nov 940,044
Dec 1,079,926
Percent of budget expended 31.03%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
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 32 of 37
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 73,438 ‐3.14%
May 95,501 92,699 ‐2.93%
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 39.40%
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 136,585 133,872 ‐1.99%
May 171,018 167,151 ‐2.26%
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 40.42%
$‐
$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 33 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Street
Maintenance Budget
YTD
Actual
Annual %
over (under)
Jan 395,932 400,277 1.10%
Feb 817,377 805,426 ‐1.46%
Mar 1,243,762 1,236,414 ‐0.59%
Apr 1,720,451 1,676,774 ‐2.54%
May 2,164,177 2,087,428 ‐3.55%
Jun 2,612,305
Jul 3,090,003
Aug 3,565,717
Sep 4,014,860
Oct 4,501,814
Nov 4,933,704
Dec 5,420,445
Percent of budget expended 38.51%
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 1,593,069 ‐3.44%
May 2,044,470 2,119,001 3.65%
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 41.48%
$‐
$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 34 of 37
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 295,075 295,075 0.00%
May 295,075 295,075 0.00%
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 1,156,445 1,156,445 0.00%
May 1,521,060 1,521,060 0.00%
Jun 3,524,462
Jul 4,111,872
Aug 4,699,283
Sep 5,286,693
Oct 5,874,103
Nov 6,461,514
Dec 7,048,924
Percent of budget expended 21.58%
$‐
$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 35 of 37
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2016 Budget Year
Utilities Budget Revenue Expense
Jan 5,805,287 6,349,407 3,113,758
Feb 15,262,256 12,660,071 7,764,200
Mar 22,517,502 18,599,026 12,419,394
Apr 28,140,453 24,660,335 17,069,879
May 37,588,271 30,851,439 21,831,008
Jun 49,374,049
Jul 56,453,518
Aug 64,298,927
Sep 72,337,317
Oct 79,774,799
Nov 87,316,674
Dec 101,703,882
Percent of budget expended 13.55%
Note: Operations and Capital
Airport Budget Revenue Expense
Jan 271,720 379,338 102,054
Feb 745,289 746,998 246,569
Mar 4,056,315 1,127,792 409,998
Apr 5,125,537 1,367,786 567,432
May 7,621,708 1,614,567 695,455
Jun 8,432,149
Jul 9,375,786
Aug 10,621,588
Sep 11,676,349
Oct 12,471,263
Nov 13,819,664
Dec 15,222,409
Percent of budget expended 4.57%
Note: Operations and Capital
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
Millions Utilities
Budget
Revenue
Expense
$‐
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
Millions Airport
Budget
Revenue
Expense
Page 36 of 37
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2016 Budget Year
Golf Course Budget Revenue Expense
Jan 116,391 72,468 118,352
Feb 266,941 183,666 290,598
Mar 417,955 302,635 438,062
Apr 589,411 534,799 625,491
May 810,690 828,065 790,152
Jun 967,871
Jul 1,135,836
Aug 1,308,140
Sep 1,481,465
Oct 1,678,887
Nov 1,805,131
Dec 2,295,432
Percent of budget expended 34.42%
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 37 of 37