HomeMy WebLinkAbout201609, SeptemberADMINISTRATIVE SERVICES
DEPARTMENT
M E M O R A N D U M
DATE: November 14, 2016
TO: Randy Corman, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: September 2016 Financial Status Report
At the end of September, general governmental revenues show $5.2 million or 6.4% over budget.
Revenue source(s) that are higher than expected are: sales tax ($1.5 million); sales tax annexation
credit ($252k); utility taxes ($298k); gambling taxes ($731k); real estate excise taxes ($538k);
business & occupation taxes ($785k); state shared revenues ($282k); franchise fees ($125k);
public safety ($236k); seizure funds ($739k, restricted to drug enforcement and not available for
general purposes) and other miscellaneous ($167k). If we remove seizure funds, general
governmental revenues are $4.4 million or 5.5% over budget. On the down side, the revenue
source(s) that are underperforming the year to date budget are interfund/interdept services
($274k below) and fines & penalties ($326k below).
General government expenditures showed a favorable variance of $4.4 million or 5.1%. 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 19,063,243 36,369,429 19,926,497 37,213,314 20,388,854 20,390,534 1,679 0.0%
Sales Tax 21,512,379 15,848,576 23,439,266 17,244,509 23,999,421 17,685,625 19,205,912 1,520,287 8.6%
Sales Tax ‐ Annexation Credit 2,542,394 1,871,383 2,778,858 2,044,990 2,748,167 2,022,615 2,274,212 251,596 12.4%
Criminal Justice Sales Tax 2,267,947 1,667,795 2,484,718 1,835,781 2,580,795 1,902,514 1,995,493 92,979 4.9%
Natural Gas Use Tax 271,485 226,754 228,899 177,681 268,000 208,032 148,220 (59,812) ‐28.8%
Admission Tax 310,311 233,681 309,790 234,588 320,000 241,648 202,120 (39,527) ‐16.4%
Franchise Fees 1,342,269 970,939 1,349,154 1,009,218 1,260,000 927,018 1,052,459 125,441 13.5%
Electricity Tax 5,167,444 3,921,538 5,012,962 3,695,020 4,946,019 3,700,406 4,113,843 413,437 11.2%
Natural Gas Utility Tax 1,562,341 1,252,156 1,437,552 1,116,417 1,350,900 1,066,607 1,042,176 (24,431) ‐2.3%
Garbage/Solid Waste 573,457 432,124 638,073 459,208 580,000 426,711 534,590 107,879 25.3%
TV Cable 1,518,821 1,123,450 1,591,866 1,176,035 1,629,365 1,204,461 1,191,869 (12,592) ‐1.0%
Telephone 909,088 686,565 880,233 670,815 952,500 722,567 654,472 (68,095) ‐9.4%
Cellular Phone 1,951,925 1,398,185 1,674,355 1,255,104 1,671,056 1,222,684 1,180,820 (41,863) ‐3.4%
City Utilities 3,961,052 3,006,754 4,183,165 3,201,078 4,208,377 3,207,785 3,191,077 (16,708) ‐0.5%
Utility Tax Audit 460,513 460,513 1,962,092 1,446,078 111,227 111,227 111,227 ‐ 0.0%
Leasehold Excise Tax 171,470 101,390 163,314 94,334 179,000 104,648 99,207 (5,441) ‐5.2%
Gambling Excise Tax 1,650,384 1,188,994 2,299,156 1,679,181 1,600,000 1,161,928 1,893,081 731,154 62.9%
Real Estate Excise Tax 4,348,762 3,596,857 4,595,166 3,334,347 4,000,000 4,214,427 4,752,757 538,331 12.8%
Less: CIP REET (1,650,000) (682,151) (1,401,300) (833,587) (2,000,000) (2,376,379) (2,376,379) ‐ 0.0%
EMS Levy 916,361 676,175 936,406 468,203 1,069,454 479,597 479,597 ‐ 0.0%
B&O Taxes ‐ ‐ ‐ ‐ 5,000,000 4,750,000 5,634,767 884,767 18.6%
Less: CIP B&O Taxes ‐ ‐ ‐ ‐ (2,000,000) (1,900,000) (2,000,000) (100,000) 5.3%
Business License Fees 2,965,850 2,217,659 3,125,740 2,352,641 1,921,000 1,641,344 1,603,814 (37,530) ‐2.3%
Less: CIP Business License Fees (2,450,295) (1,833,433) (2,584,164) (1,946,178) (1,619,000) (1,375,461) (1,327,258) 48,204 ‐3.5%
Animal Licenses and Spec Events Permits 95,698 81,599 101,743 81,505 91,000 74,715 79,616 4,901 6.6%
Building Permits & Development Svc Fees 4,519,234 3,431,861 6,077,055 4,694,970 5,173,368 3,974,931 4,048,763 73,832 1.9%
Intergovt'l (Grants, State Shared, etc) 4,522,540 3,425,085 4,053,617 2,891,843 4,584,490 2,763,842 2,941,186 177,344 6.4%
Fire District 25 and 40 Contracts 5,959,428 3,208,552 6,369,132 3,343,329 6,128,712 3,517,779 3,517,779 ‐ 0.0%
Public Safety 844,375 550,341 649,797 518,735 630,135 451,247 687,505 236,258 52.4%
Culture and Recreation 1,485,123 1,346,998 1,587,878 1,428,468 1,727,393 1,560,142 1,479,398 (80,745) ‐5.2%
Interfund/Interdept‐Services 3,270,503 2,496,042 3,106,430 2,340,319 3,689,406 2,767,055 2,493,542 (273,512) ‐9.9%
Fines and Penalties 962,977 747,208 848,052 589,076 1,126,500 833,828 625,162 (208,666) ‐25.0%
Photo Enforcement 1,719,971 1,152,252 2,171,184 1,570,585 2,194,000 1,535,252 1,417,532 (117,720) ‐7.7%
Seizure Funds ‐ Federal/State/Local 68,870 59,352 21,676 14,671 50,000 40,876 779,491 738,615 1807.0%
Interests and Other Earnings 981,630 491,442 973,208 519,421 875,300 452,625 534,183 81,558 18.0%
Rents, Leases, and Concessions 711,070 635,825 762,361 657,862 598,616 525,591 554,970 29,379 5.6%
Contributions and Donations 113,626 83,499 147,292 94,424 96,700 65,941 80,613 14,672 22.3%
Other Miscellaneous 879,105 604,216 941,127 693,084 705,630 512,531 679,708 167,177 32.6%
Other Financing Sources (Transfer‐In, etc) 48,632 27,482 270,224 7,607 250,000 6,075 6,075 ‐ 0.0%
Total Operating Revenues 111,782,133 75,770,901 119,555,505 80,087,858 119,910,845 80,821,287 85,974,133 5,152,846 6.4%
OPERATING EXPENDITURES
Council 309,317 234,318 320,877 242,364 375,761 284,228 271,193 13,034 4.6%
Executive 1,338,738 972,904 1,691,189 1,239,205 1,784,464 1,302,813 1,333,539 (30,725) ‐2.4%
City Attorney 1,829,254 1,352,254 1,791,167 1,381,137 2,213,353 1,671,064 1,512,690 158,374 9.5%
Court Services 2,016,273 1,495,607 2,013,364 1,502,782 2,187,710 1,627,840 1,546,812 81,028 5.0%
Community and Eco Dvlpmnt Admin 1,010,761 756,148 1,183,052 914,918 1,163,302 886,107 864,286 21,821 2.5%
Development Services 2,659,078 2,003,133 2,632,264 1,959,658 3,197,543 2,394,704 2,121,707 272,997 11.4%
Economic Development 654,007 465,775 658,515 488,183 1,668,872 1,212,958 676,493 536,465 44.2%
Planning 2,095,706 1,486,360 2,606,551 1,965,628 3,019,484 2,216,643 2,047,141 169,501 7.6%
Finance 2,644,827 1,770,575 3,132,812 2,041,642 2,953,369 1,948,700 2,042,155 (93,455) ‐4.8%
City Clerk 1,152,246 783,328 1,027,084 618,893 1,151,870 741,134 684,984 56,150 7.6%
Human Resources 922,668 677,205 1,182,629 846,717 1,372,669 993,608 883,392 110,216 11.1%
Police 26,383,640 19,466,352 28,144,699 20,949,453 30,153,639 22,349,546 21,299,489 1,050,057 4.7%
Jail Services 3,760,273 2,820,696 4,142,266 3,107,600 4,703,000 3,528,733 3,528,733 ‐ 0.0%
Fire 25,240,760 19,047,501 26,536,999 19,870,338 28,869,022 19,738,507 19,738,507 ‐ 0.0%
Community Services Admin 480,057 349,406 508,766 377,032 655,344 481,448 409,466 71,982 15.0%
Parks 4,070,181 3,062,286 4,411,383 3,293,368 5,065,610 3,795,912 3,344,418 451,494 11.9%
Parks Planning & Natural Resources 722,739 520,028 808,558 564,806 1,292,543 915,691 654,600 261,090 28.5%
Recreation 4,823,865 3,742,543 5,088,483 3,940,486 5,350,288 4,146,992 3,962,318 184,673 4.5%
Human Services 1,159,189 778,514 1,225,835 832,688 1,258,447 850,143 796,475 53,668 6.3%
Neighborhoods, Resources, & Events 875,223 609,069 958,624 708,481 1,096,033 787,459 616,242 171,217 21.7%
Museum 214,291 158,841 227,094 170,064 235,281 175,323 170,790 4,534 2.6%
Public Works Admin 389,493 291,876 387,493 291,848 413,579 310,708 300,887 9,821 3.2%
Street Maintenance 4,503,315 3,292,979 5,061,723 3,791,733 5,420,445 4,014,860 3,762,097 252,763 6.3%
Transportation 4,263,725 3,079,278 4,975,059 3,565,364 6,149,047 4,422,467 3,871,910 550,557 12.4%
Debt Service 8,393,140 2,319,244 6,371,715 1,323,214 6,248,676 1,448,946 1,448,946 ‐ 0.0%
Non‐Departmental and Other 9,758,346 7,262,067 10,069,740 6,107,821 7,048,924 3,353,015 3,353,015 ‐ 0.0%
Total Operating Expenditures 111,671,112 78,798,286 117,157,942 82,095,423 125,048,276 85,599,547 81,242,284 4,357,263 5.1%
Total Ending Fund Balance 17,565,282$ 14,426,876$ 19,962,846$ 15,557,717$ 14,825,414$ 15,184,584$ 24,694,693$ 9,510,109$ 62.6%
Summary of Sources and Uses Annual Actual YTD Actual Favorable (Unfavorable)
2014 2015 2016 Variance
Annual Actual YTD Actual Annual Budget YTD Budget YTD Actual
Monthly Financial Report September 2016
Page 1 of 38
Monthly Financial Report September 2016
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through September 30, 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 74% of
all resources supporting general governmental activities. The following section provides detail information on property,
sales, utility, and other taxes.
Property Tax
September’s collection is $559k,
making the total year‐to‐date
collection $20.4 million or 54.8%
of the total budget. In
comparison to the previous year,
the City collected $464k or 2%
more. Compared to the budget,
the City is right on target. The
April/May variance is due to the
timing of collections in the
current year compared to the
prior year.
Sales Tax
September 2016 sales tax
receipts totaled $2.2 million.
Compared with the same month
last year, it is $79k or 4% more.
Compared to the projected
current month’s budget, it is
$148k or 7% above. The year‐to‐
date collection of $19.2 million is
$2 million or 11% more than the
prior year and is also $1.5 million
or 9% 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$ 68,794$ 44,745$ (22,489)$ ‐33% (24,049)$ ‐35%
Feb 307,006 314,129 315,119 8,113 3% 990 0%
Mar 939,218 961,010 1,273,685 334,468 36% 312,675 33%
Apr 10,160,118 10,395,864 7,856,230 (2,303,888) ‐23% (2,539,634) ‐24%
May 7,583,868 7,759,837 9,906,533 2,322,666 31% 2,146,696 28%
Jun 147,318 150,736 137,794 (9,524) ‐6% (12,942) ‐9%
Jul 65,395 66,912 57,174 (8,221) ‐13% (9,739) ‐15%
Aug 94,817 97,017 240,536 145,720 154% 143,520 148%
Sep 561,525 574,554 558,716 (2,809) ‐1% (15,838) ‐3%
Oct 6,263,616 6,408,951
Nov 9,975,046 10,206,498
Dec 204,271 209,010
YTD Total 19,926,497$ 20,388,854$ 20,390,534$ 464,036$ 2% 1,679$ 0%
Annual Total 36,369,429$ 37,213,314$
Property Tax Revenues
Year to Date through September
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 2,127,406 449,947 27% 284,956 15%
Jul 1,866,949 1,907,549 2,103,896 236,948 13% 196,347 10%
Aug 2,178,289 2,108,862 2,438,277 259,988 12% 329,415 16%
Sep 2,100,591 2,030,965 2,179,438 78,848 4% 148,473 7%
Oct 2,014,951 2,100,010 ‐
Nov 2,158,753 2,153,518 ‐
Dec 2,021,053 2,060,268 ‐
YTD Total 17,244,509$ 17,685,625$ 19,205,912$ 1,961,403$ 11% 1,520,287$ 9%
Annual Total 23,439,266$ 23,999,421$
2016 vs. Budget2016 vs. 2015
Month
Year to Date through September
Local Retail Sales Tax Revenues
Page 2 of 38
Monthly Financial Report September 2016
The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business
sectors:
Utility tax
September utility tax revenues
are $1.3 million, which is $63k or
5% higher than the same month
last year and is higher than the
budget by $74k or 6%. The year‐
to‐date collection is $12.2
million, which is $1 million or 8%
lower than the prior year but is
$298k or 3% higher than the
budget. The large June/July
variance with the prior year is
due to the recognition of utility
tax audit proceeds.
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 1,125,845 (689,439) ‐38% (192,366) ‐15%
Jul 2,175,167 1,165,160 1,276,335 (898,831) ‐41% 111,175 10%
Aug 1,351,000 1,299,385 1,247,926 (103,074) ‐8% (51,459) ‐4%
Sep 1,214,144 1,203,343 1,277,502 63,358 5% 74,158 6%
Oct 1,204,406 1,193,676
Nov 1,342,058 1,262,186
Dec 1,865,296 1,391,102
YTD Total 13,197,436$ 11,870,479$ 12,168,294$ (1,029,141)$ ‐8% 297,815$ 3%
Annual Total 17,609,196$ 15,717,444$
2016 vs. Budget2016 vs. 2015
Year to Date through September
Utility Tax Revenues
Month
Sales Tax by Sector 2015 2016 Bgt YTD Act Change 2016/2015 2016 Act vs Bgt
New Construction 2,071,656$ 2,361,765$ 3,257,649$ 1,185,993$ 57% $ 895,884 38%
Auto Sales 3,383,156 3,483,920 3,600,234 217,078 6% 116,314 3%
General Retail 5,292,860 5,312,344 5,408,235 115,375 2% 95,891 2%
Manufacturing 1,327,010 1,295,684 1,318,891 (8,119) ‐1% 23,208 2%
Wholesale 890,964 898,569 959,047 68,083 8% 60,478 7%
Service 3,849,009 3,872,765 4,191,570 342,561 9% 318,805 8%
Other 429,855 460,579 470,287 40,432 9% 9,708 2%
YTD Total 17,244,509$ 17,685,625$ 19,205,912$ 1,961,403$ 11%1,520,287$ 9%
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 3,695,020$ 3,700,406$ 4,113,843$ 418,824$ 11% $ 413,437 11%
Natural Gas 1,294,098 1,274,639 1,190,396 (103,702) ‐8% (84,243)‐7%
Cell 1,255,104 1,222,684 1,180,820 (74,283) ‐6% (41,863)‐3%
Phone 670,815 722,567 654,472 (16,343) ‐2% (68,095)‐9%
Cable 1,176,035 1,204,461 1,191,869 15,834 1% (12,592)‐1%
Garbage/Solid Waste 459,208 426,711 534,590 75,382 16% 107,879 25%
City Utilities 3,201,078 3,207,785 3,191,077 (10,001) 0% (16,708)‐1%
Utility Tax Audit 1,446,078 111,227 111,227 (1,334,851) ‐92% ‐ 0%
YTD Total 13,197,436$ 11,870,479$ 12,168,294$ (1,029,141)$ ‐8%297,815$ 3%
Annual Total 17,609,196$ 15,717,444$
YTD as % of 75% 76%
Page 3 of 38
Monthly Financial Report September 2016
Other Taxes
Real Estate Excise Tax
The City collected $522k in Real
Estate Excise Tax revenues (REET)
for September. This is $73k or
16% more than the same month
last year and is also $74k or 16%
more than the current month’s
budget. The year‐to‐date
collection is $4.8 million, which is
$1.4 million or 43% more than
the prior year and is also $538k or
13% above the budget. The
higher than expected variance is
due to 20 large transactions in
December, January, April, June,
July and August which accounts
for $2.2 million of the total REET
collected.
Gambling Tax
September’s Gambling Tax
collections totaled $202k, which
is $21k or 12% above the same
month last year and is above the
current month’s budget by $73k
or 56%. The year‐to‐date total of
$1.9 million is $214k or 13%
above the prior year and is also
$731k or 63% above budget.
$164k of the year‐to‐date
collections are from a payment
plan of back taxes earned in
2013/2014.
Pull tabs overall had a 1%
decrease, bingo had a 93%
decrease (bingo establishment closed December 2015), and card‐rooms are seeing 12% 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 $1.1 million is $43k or 4%
higher than the prior year and is
also $125k 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 478,186 496,031 405,179 (73,008) ‐15% (90,853) ‐18%
Jul 563,474 561,776 644,038 80,564 14% 82,262 15%
Aug 281,921 546,907 759,583 477,662 169% 212,676 39%
Sep 449,693 448,739 522,472 72,778 16% 73,732 16%
Oct 497,978 214,533
Nov 325,743 89,028
Dec 437,098 (517,988)
YTD Total 3,334,347$ 4,214,427$ 4,752,757$ 1,418,411$ 43% 538,331$ 13%
Annual Total 4,595,166$ 4,000,000$
Month
2016 vs. Budget2016 vs. 2015
Real Estate Excise Tax Revenues
Year to Date through September
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 174,036 125,477 185,042 11,007 6% 59,565 47%
Jul 194,895 128,616 194,317 (578) 0% 65,701 51%
Aug 226,785 144,692 322,828 96,043 42% 178,136 123%
Sep 180,986 129,810 202,409 21,423 12% 72,600 56%
Oct 215,119 150,141 ‐
Nov 212,838 149,793 ‐
Dec 192,018 138,138 ‐
YTD Total 1,679,181$ 1,161,928$ 1,893,081$ 213,900$ 13% 731,154$ 63%
Annual Total 2,299,156$ 1,600,000$
2016 vs. 2015
Gambling Tax Revenue
Month
Year to Date through September
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 340,657 311,290 343,910 3,254 1% 32,621 10%
Sep ‐ ‐ 5,000 5,000 100% 5,000 100%
Oct 339,936 309,807 ‐
Dec ‐ 23,175 ‐
YTD Total 1,009,218$ 927,018$ 1,052,459$ 43,241$ 4% 125,441$ 14%
Annual Total 1,349,154$ 1,260,000$
Month
2016 vs. 2015 2016 vs. Budget
Franchise Fees Revenue
Year to Date through September
Page 4 of 38
Monthly Financial Report September 2016
Admission Tax
Admission Tax returns are due
quarterly in January, April, July,
and October of each year. July
2016 collections represent
activities conducted during the
2nd quarter of 2016. The year‐to‐
date collection of $202k is $31k
or 14% less than the prior year
and is also $39k or 16% less than
the budget. The decline in
revenue is due to the closure of
Regal East Valley 13 Theater at
the end of 2015.
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 $5.6 million. This
is due to one business reporting a
full year’s worth of activity.
Licenses and Permits
Business Licenses
Business Licenses totaled $22k
for September, which is $7k or
24% below the same month last
year but is $4k or 21% above the
current month’s budget. The
year‐to‐date Business Licenses
revenue of $1.6 million is $749k
or 32% below the prior year and
is also below the budget by $38k
or 2%. 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 60,763 (22,042) ‐27% (22,803) ‐27%
Oct 75,167 78,334 ‐
Nov 35 18 ‐
YTD Total 234,588$ 241,648$ 202,120$ (30,838)$ ‐14% (38,612)$ ‐16%
Annual Total 309,790$ 320,000$
2016 vs. Budget
Admission Tax Revenue
Year to Date through September
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 ‐ ‐ 30,591 30,591 100% 30,591 100%
Jul ‐ 250,000 376,209 376,209 100% 126,209 50%
Aug ‐ ‐ 334,807 334,807 100% 334,807 100%
Sep ‐ ‐ 10,779 10,779 100% 10,779 100%
Oct ‐ 250,000 ‐
Nov ‐ ‐ ‐
Dec ‐ ‐ ‐
YTD Total ‐$ 4,750,000$ 5,634,767$ 5,634,767$ 100% 884,767$ 19%
Annual Total ‐$ 5,000,000$
*Total Business & Occupation Taxes (GF & CIP)
Business & Occupation Taxes*
Year to Date through September
Month
2016 vs. 2015 2016 vs. Budget
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 588,093$ 973,876 559,894$ (28,199)$ ‐5% (413,982)$ ‐43%
Feb 222,022 116,051 275,059 53,038 24% 159,009 137%
Mar 26,067 17,169 31,642 5,575 21% 14,473 84%
Apr 513,360 137,602 207,099 (306,261) ‐60% 69,497 51%
May 167,985 80,333 111,131 (56,855) ‐34% 30,797 38%
Jun 25,663 20,615 26,936 1,273 5% 6,321 31%
Jul 645,791 204,797 248,769 (397,022) ‐61% 43,971 21%
Aug 134,328 72,612 121,095 (13,233) ‐10% 48,483 67%
Sep 29,333 18,289 22,190 (7,143) ‐24% 3,901 21%
Oct 637,451 196,327 ‐
Nov 117,394 71,061 ‐
Dec 18,254 12,268 ‐
YTD Total 2,352,641$ 1,641,344$ 1,603,814$ (748,826)$ ‐32% (37,530)$ ‐2%
Annual Total 3,125,740$ 1,921,000$
*Total Business License (GF & CIP)
Business Licenses*
Month
2016 vs. 2015
Year to Date through September
2016 vs. Budget
Page 5 of 38
Monthly Financial Report September 2016
Building Permits and
Development Service Fees
Building Permits and
Development Service Fee
revenues totaled $380k in
September. The year‐to‐date
development fees revenue of $4
million is $646k or 14% less than
the year before but is $74k or 2%
higher than budget. The large
variances in January, March, June
and July are due to large
payments for building permits
and plan review (Southport
Developer, Group Health, Boeing
and Paccar).
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 89%
of the total revenues in this category. The year‐to‐date total Intergovernmental revenue is $8.9 million or 62% of the budget.
State Shared Revenues
State Shared Revenue
collections totaled $4.4
million since the start of
the year. Compared to
the prior year, State
Shared Revenues are
above by $499k or 13%.
Compared to the
projected budget, the
City is collecting $282k
or 7% 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 1,024,848 723,808 437,619 (587,229) ‐57% (286,189) ‐40%
Jul 873,549 585,030 462,211 (411,337) ‐47% (122,819) ‐21%
Aug 454,971 378,288 397,578 (57,393) ‐13% 19,290 5%
Sep 586,213 478,819 380,480 (205,733) ‐35% (98,339) ‐21%
Oct 462,191 425,333
Nov 427,863 326,114
Dec 492,031 446,990
YTD Total 4,694,970$ 3,974,931$ 4,048,763$ (646,207)$ ‐14% 73,832$ 2%
Annual Total 6,077,055$ 5,173,368$
Building Permits and Development Service Fees
Year to Date through September
2016 vs. Budget2016 vs. 2015
Month
Intergovernmental 2015 2016 Bgt YTD Act Change 2016/2015 2016 Act vs Bgt
Fire District #25 655,274$ 698,123$ 698,123$ 42,850$ 7% $ ‐ 0%
Fire District #40 2,686,855 2,819,656 2,819,656 132,801 5%‐ 0%
State Shared Revenue 3,895,149 4,112,380 4,394,630 499,482 13% 282,250 7%
Federal Grants 624,797 324,310 324,310 (300,487) ‐48%‐ 0%
State Grants 39,894 51,275 51,274 11,381 29%‐ 0%
Other Grants/Intgovt 635,986 657,987 646,061 10,074 2% (11,927) ‐2%
ARRA Grants ‐ 0 ‐ ‐ N/A ‐ 0%
Total Rev YTD 8,537,955$ 8,663,731$ 8,934,054$ 396,099$ 5%270,323$ 3%
Total Rev Annual 13,842,673$ 14,363,451$
YTD % 62% 60% 62%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
2015 2016 2016
Actual Budget Actual $ % $ %
Crim Just Sales Tax 1,835,781$ 1,902,514$ 1,995,493$ 159,712$ 9% 92,979$ 5%
Judicial Contribution 16,390 ‐ 18,092 1,702 10% 18,092 100%
Crim Just ‐ High Crime 125,694 147,960 222,737 97,043 77% 74,777 51%
Crim Just ‐ Pop 19,332 17,846 20,178 846 4% 2,332 13%
Crim Just ‐ Spec Prog 70,894 66,308 73,638 2,743 4% 7,329 11%
State DUI 10,847 12,670 11,527 680 6% (1,143) ‐9%
Marijuana Enforcement 2,929 ‐ 17,739 14,811 506% 17,739 100%
Liquor Profits 638,833 637,643 636,375 (2,457) 0% (1,267) 0%
Liquor Excise Tax 153,491 283,540 338,846 185,356 121% 55,307 20%
Fuel Tax 1,020,959 1,043,899 1,060,004 39,046 4% 16,105 2%
YTD Total 3,895,149$ 4,112,380$ 4,394,630$ 499,482$ 13% 282,250$ 7%
Annual Total 5,439,235$ 5,672,795$
2016 vs. Budget
State Shared Revenues
2016 vs. 2015
Revenue
Year to Date through September
Page 6 of 38
Monthly Financial Report September 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
65% of the total revenue in this category. The year‐to‐date total charges for services are $6.1 million or 76% of the budget.
The following sections provide detail information for Public Safety, Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totaled
$688k 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 $168k or 32%
more. Compared to the year‐to‐
date budget, the City is over
budget by $236k or 52%. The
variance with the prior year and
budget is due to collecting 3 large
payments/reimbursements for
electronic home detention and
School Resource Officer programs.
Recreation
Recreation revenues totaled
$108k for the current month.
Compared to the same month
the prior year, the City collected
$12k or 10% less. Compared to
the projected monthly budget,
the City collected $27k or 20%
less. The year‐to‐date collection
of $1.5 million is $51k or 4%
higher than the year before but is
$81k or 5% 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 $108k 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 59,020 179,089 146,085 443% 120,069 203%
Jul 39,540 40,294 34,906 (4,634) ‐12% (5,388) ‐13%
Aug 59,046 51,865 44,439 (14,608) ‐25% (7,426) ‐14%
Sep 23,104 28,310 67,570 44,466 192% 39,261 139%
Oct 33,339 94,331 ‐
Nov 46,384 35,303 ‐
Dec 51,339 49,254 ‐
YTD Total 519,935$ 451,247$ 687,505$ 167,570$ 32% 236,258$ 52%
Annual Total 650,997$ 630,135$
Year to Date through September
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 227,942 225,001 239,771 11,829 5% 14,769 7%
Jul 428,943 420,247 325,043 (103,900) ‐24% (95,203) ‐23%
Aug 313,197 314,325 349,650 36,453 12% 35,325 11%
Sep 119,720 134,250 107,652 (12,068) ‐10% (26,598) ‐20%
Oct 55,478 72,003 ‐
Nov 61,601 55,079 ‐
Dec 42,331 40,169 ‐
YTD Total 1,428,468$ 1,560,142$ 1,479,398$ 50,930$ 4% (80,745)$ ‐5%
Annual Total 1,587,878$ 1,727,393$
Recreation
Year to Date through September
2016 vs. Budget2016 vs. 2015
Month
Page 7 of 38
Monthly Financial Report September 2016
Interfund Services
The year‐to‐date collections for
Interfund Services revenues are
$2.5 million. Compared to the
prior year, the revenues are over
by $153k or 7%. Compared to the
projected budget, the revenues
are below by $274k or 10%.
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
$2 million. This is $117k or 5%
lower than a year ago and is also
$326k or 14% 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 292,480 307,451 260,223 (32,257) ‐11% (47,228) ‐15%
Jul 252,451 307,451 259,888 7,438 3% (47,562) ‐15%
Aug 248,774 307,451 273,851 25,076 10% (33,600) ‐11%
Sep 247,822 307,451 286,057 38,236 15% (21,393) ‐7%
Oct 283,145 307,451 ‐
Nov 257,874 307,451 ‐
Dec 225,093 307,451 ‐
YTD Total 2,340,319$ 2,767,055$ 2,493,542$ 153,224$ 7% (273,512)$ ‐10%
Annual Total 3,106,430$ 3,689,406$
Interfund Services
Year to Date through September
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 268,116 288,287 261,254 (6,862) ‐3% (27,033) ‐9%
Jul 221,949 246,930 222,267 318 0% (24,663) ‐10%
Aug 280,257 313,023 274,964 (5,293) ‐2% (38,059) ‐12%
Sep 272,343 299,806 200,986 (71,357) ‐26% (98,820) ‐33%
Oct 260,327 290,029
Nov 281,222 333,431
Dec 318,027 327,959
YTD Total 2,159,661$ 2,369,080$ 2,042,694$ (116,967)$ ‐5% (326,387)$ ‐14%
Annual Total 3,019,236$ 3,320,500$
2016 vs. Budget2016 vs. 2015
Year to Date through September
Fines and Penalties by Month
Month
Year to Date through September
2015 2016 2016
Actual Budget Actual $ % $ %
Civil Penalties 2,295$ 11,719$ 1,571$ (724)$ ‐32% (10,148)$ ‐87%
Civil Infraction Penalties 274,903 458,408 239,919 (34,984) ‐13% (218,489) ‐48%
Civil Parking Infraction Penalties 111,505 143,108 117,066 5,562 5% (26,042) ‐18%
Photo Enforcement Program 1,570,585 1,535,252 1,417,532 (153,053) ‐10% (117,720) ‐8%
Criminal Traffic Misdemeanor Fines 57,058 78,990 57,557 499 1% (21,433) ‐27%
Criminal Non‐Traffic Fines 45,236 34,551 22,623 (22,613) ‐50% (11,929) ‐35%
Criminal Costs 72,921 91,390 68,220 (4,701) ‐6% (23,170) ‐25%
Non‐Court Fines, Forfeitures and Penalties 25,159 15,663 118,206 93,047 370% 102,543 655%
YTD Total 2,159,661$ 2,369,080$ 2,042,694$ (116,967)$ ‐5% (326,387)$ ‐14%
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 September 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 $1.4 million.
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 $2.3 million.
Compared to last year, the
revenues are above by $670k or
42%. Compared to the projected
year‐to‐date budget, the
revenues are over by $979k or
75%. 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 215,629 197,504 174,848 (40,781) ‐19% (22,656) ‐11%
Jul 189,913 64,601 181,285 (8,628) ‐5% 116,684 181%
Aug 199,969 130,176 294,665 94,696 47% 164,489 126%
Sep 139,977 306,444 160,616 20,638 15% (145,828) ‐48%
Oct 173,512 120,987
Nov 148,227 111,497
Dec 435,114 388,506
YTD Total 1,610,722$ 1,301,627$ 2,281,090$ 670,368$ 42% 979,464$ 75%
Annual Total 2,367,576$ 1,922,616$
Year to Date through September
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 186,599 193,341 89,912 95,109 98,232
Jul 164,807 144,672 89,912 95,037 49,635
Aug 221,543 154,121 89,912 94,934 59,187
Sep 213,406 130,456 89,912 94,875 35,580
Oct 195,225 ‐ 89,912 ‐ ‐
Nov 218,318 ‐ 89,912 ‐ ‐
Dec 245,205 ‐ 89,912 ‐ ‐
YTD Total 1,535,252$ 1,417,532$ 809,207$ 789,061$ 628,470$
Annual Total 2,194,000$ 1,078,943$
1Actuals of Revenues and Expenses
ExpensesRevenues
Photo Enforcement Program
Year to Date through September
Month
2015 2016 2016
Actual Budget Actual $ % $ %
Interests and Other Earnings 519,421$ 452,625$ 534,183$ 14,762$ 3% 81,558$ 18%
Rents, Leases, and Concessions 657,862 525,591 554,970 (102,893) ‐16% 29,379 6%
Contributions/Donations from Private Sources 94,424 65,941 80,613 (13,810) ‐15% 14,672 22%
Other 324,344 216,594 331,834 7,489 2% 115,239 53%
Seizure Funds ‐ Federal/State/Local 14,671 40,876 779,491 764,820 5213% 738,615 1807%
YTD Total 1,610,722$ 1,301,627$ 2,281,090$ 670,368$ 42% 979,464$ 75%
Annual Total 2,367,576$ 1,922,616$
2016 vs. Budget
Miscellaneous Revenues by Type
Year to Date through September
Revenue
2016 vs. 2015
Page 9 of 38
Monthly Financial Report September 2016
EXPENSES
Overall the City has expended 65% of its budgeted general governmental expenditures at the end of September. This is $4.4
million or 5.1% 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 $31k or 2.4%. This is due to overspending on the year‐to‐date
budget for general professional services (public defenders and community/government relations contracts). We will
monitor the budget to determine if a budget amendment is necessary at year‐end.
Administrative Services (Finance and City Clerk) department is over the year‐to‐date budget by $37k or 1.4%. This is due
higher than expected merchant fees (credit card and ACH transaction costs) and spending patterns of professional services
(utility tax audit services) compared to prior years. We will monitor the budget to determine if a budget amendment is
necessary at year‐end for the professional services.
Page 10 of 38
Monthly Financial Report September 2016
CASH AND INVESTMENTS –
3RD 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 $153.5 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 0.66%.
Current %
Blended
Allowed
per policy
Current Portfolio
(principal value)
40% N/A $ 61,710,171
0% 100%‐$
33% 75% 50,054,096$
12% 75% 18,453,255$
15% 75% 23,322,161$
0% 25%‐$
TOTAL INVESTMENTS 100%153,539,684$
*Excluding Cash the portfolio distribution is 50% LGIP; 23% CD's; 27% GSE's
By Type
Cash
US Treasury Securities
Local Government Investment Pool
US Federal Agency Securities
Certificates of Deposit
Commercial Paper
Cash
40%
LGIP
33%
GSE's
12%
CD's
15%
Distribution by Type
By Institution Current %
Blended
Allowed by
Policy
Current Portfolio
(principal value)Maturity Date APY
Weighted
Yield
Blended
Cash US Bank ‐ Cash 40%N/A 61,710,171 overnight 0.45% 0.18%
US Treasury Securities
none 0% 100%‐ N/A N/A N/A
Local Government Investment Pool
3920 State Investment Pool 33% 75%50,054,096 10/1/2014 0.10% 0.17%
US Federal Agency Securities *
314179A FHLB 1,996,920 8/11/2017 1.05%0.01%
315189D FNMA 4,997,500 10/26/2018 1.06%0.03%
314179G FHLB 5,009,485 10/17/2017 0.93%0.03%
315209A FHLMC 1,600,000 5/26/2020 1.75%0.02%
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%0.03%
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%
216183A Commencement Bank (CDARS)1%1,060,257 9/16/2018 1.00%0.01%
Commercial Paper
none 0.00% 5%‐ N/A N/AN/A
153,539,684$
*Held in our safekeeping account at BNY Trust and Custody
TOTAL CASH & INVESTMENTS
20%
10%
75%12%
Page 11 of 38
Monthly Financial Report September 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 ‐ ‐ ‐ ‐ 67,323 43,250 ‐
Grants / intergovernmental 475,099 ‐ 111,688 ‐ 272,616 1,244,790 ‐
Charges for services 108,654 1,581,491 12,829,130 13,176,233 7,523,166 8,073,816 12,134,120
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 2,724 ‐ ‐ ‐ 522 ‐ ‐
Rents, leases, and misc fees 1,942,122 361,296 102,257 129,879 ‐ ‐ ‐
Interest and other misc 7,802 1,278 11,583 735,089 886,276 417,451 14,407
TOTAL REVENUES 2,536,401 1,944,065 13,054,658 14,041,201 8,749,903 9,779,307 12,148,527
EXPENSES:
Utility billing ‐ ‐ 106,920 93,003 78,282 127,918 ‐
Utility systems ‐ ‐ 11,795,501 2,694,464 2,430,508 10,054,296 ‐
Utility maintenance ‐ ‐ 223,880 4,084,421 1,249,409 2,034,946 11,275,782
Transportation 1,230,487 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 1,503,164 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 1,230,487 1,503,164 12,126,301 6,871,888 3,758,199 12,217,160 11,275,782
AMOUNT AVAILABLE FOR DEBT SERVICE 1,305,914 440,901 928,357 7,169,313 4,991,704 (2,437,853) 872,745
DEBT SERVICE:
Principal ‐ ‐ ‐ 395,175 213,727 ‐ ‐
Interest ‐ ‐ ‐ 279,122 136,649 510,375 ‐
TOTAL DEBT SERVICE ‐ ‐ ‐ 674,297 350,376 510,375 ‐
CAPITAL PROJECTS 105,380 66,138 ‐ 695,482 3,469,745 2,446,100 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ ‐ (5,974) (2,689) ‐
CHANGE IN FUND BALANCE 1,200,534 374,763 928,357 5,799,534 1,165,609 (5,397,017) 872,745
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, Sep 30 2,345,283 264,707 3,079,813 28,481,155 12,802,124 5,285,761 4,865,123
Page 12 of 38
Monthly Financial Report September 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 ‐ 148,578 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ ‐ ‐ ‐ ‐ ‐ 42,430
Charges for services
Equipment rental m&o 2,132,215 2,560,656 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 39,018 ‐ 311,265 ‐ ‐ ‐
Communications ‐ 194,750 232,500 430,201 ‐ ‐ ‐
Facilities ‐ ‐ 3,491,832 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 114,222 ‐ ‐ ‐ ‐ ‐
IT service contracts ‐ 359,166 ‐ ‐ ‐ ‐ ‐
Interest and other misc 21,059 8,383 4,807 2,025 45,356 26,094 30,419
Internal service fund misc:
Vehicle / equipment capital recovery 2,217,777 110,253 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 1,381,568 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 1,382,216 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 8,382,963 1,669,120
Other misc 857 166 9,273 ‐ ‐ 798,538 18,229
Interfund Loan ‐ ‐ ‐ ‐ 146,298 ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 39,223 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 202,102 ‐ ‐
TOTAL REVENUES 4,411,131 3,535,192 3,738,412 743,491 3,157,540 9,207,595 1,760,198
EXPENSES:
Communications 406,733
Equipment rental 3,128,194
Facilities 3,192,692
Healthcare 8,583,458
Information technology 3,135,270
Print and mail 303,507
Retiree healthcare 859,430
Risk management:
Risk management 1,758,873
Unemployment 77,769
Worker's compensation 1,330,399
TOTAL EXPENSES 3,128,194 3,135,270 3,192,692 710,240 3,167,041 8,583,458 859,430
AMOUNT AVAILABLE FOR CAPITAL 1,282,937 399,922 545,720 33,251 (9,501) 624,137 900,768
CAPITAL PROJECTS 772,465 149,998 146,115 ‐ ‐ ‐ ‐
TRANSFERS IN ‐ 21,335 ‐ 12,500 ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 510,472 271,259 399,605 45,751 (9,501) 624,137 900,768
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, Sep 30 6,130,752 2,598,568 1,659,108 622,084 13,075,809 8,147,404 9,793,256
Page 13 of 38
Monthly Financial Report September 2016
FUND BALANCE
Page 15 shows the ending fund balance as of September 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 September, the City has $24.7 million reported in the combined general governmental fund balance of the
current year’s operating budget, which is approximately 20% of budgeted operating expenditures. This is an increase of $4.7
million from the year’s beginning balance. Septemer’s ending fund balance is over the anticipated General Governmental
Fund Balance of $15.2 million by $9.5 million or 62.6%. 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 September 2016
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through September 30, 2016
Funds
Balance
01/01/2016
Budgeted
Revenue
Revenue
09/30/16
Total Funds
Available
Budgeted
Expenditure
Expenditure
09/30/16 Ending Balance
GENERAL GOVERNMENT FUNDS: 19,962,845 119,910,846 85,974,133 105,936,978 125,048,275 81,242,284 24,694,693
000 General 12,622,447 89,255,466 65,814,305 78,436,752 92,603,349 62,774,146 15,662,606
001 Community Services 2,818,784 12,661,674 8,687,671 11,506,455 13,355,577 8,904,806 2,601,649
003 Street 2,422,668 10,489,584 6,557,488 8,980,156 11,569,492 7,634,007 1,346,149
004 Community Dev Block Grant 66,654 882,158 133,116 199,770 882,158 124,120 75,650
005 Museum 66,388 235,281 117,813 184,201 235,281 170,790 13,411
009 Farmers Market 110,830 113,007 58,555 169,385 104,242 82,239 87,147
011 Fire Health & Wellness 88,406 25,000 18,935 107,341 49,500 103,231 4,110
201 Ltd GO Bonds Gen Govt Debt 845,273 1,755,255 881,813 1,727,086 1,755,255 73,725 1,653,361
215 Gen Govt Mi sc Debt Service 921,395 4,493,421 3,704,436 4,625,831 4,493,421 1,375,221 3,250,610
SPECIAL REVENUE FUNDS: 1,681,875 1,919,264 1,544,515 3,226,390 2,653,291 997,207 2,229,183
102 Arterial Street 31,697 650,000 499,630 531,327 650,000 ‐ 531,327
108 Leased City Properties 560,515 931,590 707,514 1,268,029 1,445,852 806,599 461,430
110 Hotel Motel 315,590 225,000 226,662 542,252 326,298 137,152 405,100
125 1% For Art 111,206 15,000 363 111,569 102,950 ‐ 111,569
127 Cable Communication 330,376 97,674 109,262 439,638 128,191 53,456 386,182
135 Springbrook Wetlands Bank 332,491 ‐ 1,084 333,575 ‐ ‐ 333,575
CAPITAL PROJECT FUNDS (CIP):21,039,649 37,476,061 13,616,615 34,656,264 54,520,575 11,727,414 22,928,850
303 Community Dev Mitigation 1,239,509 86,500 237,091 1,476,600 ‐ ‐ 1,476,600
304 Fire Mitigation 1,209,670 99,000 225,161 1,434,831 850,000 ‐ 1,434,831
305 Transportation Mitigation 937,248 600,000 508,982 1,446,230 800,000 ‐ 1,446,230
316 Municipal Facilities CIP 9,264,141 8,201,188 4,364,766 13,628,907 17,364,363 1,819,146 11,809,761
317 Transportation CIP 3,947,132 28,489,373 8,266,787 12,213,919 32,081,038 8,937,642 3,276,277
326 Housing Opportunity 1,041,775 ‐ 3,401 1,045,176 25,000 1,500 1,043,676
336 New Library Development 3,400,174 ‐ 10,427 3,410,601 3,400,174 969,126 2,441,475
ENTERPRISE FUNDS: 52,179,441 105,611,837 62,291,562 114,471,003 123,482,742 57,347,036 57,123,967
4X2 Airport Operating & CIP 1,144,749 14,755,346 2,536,402 3,681,151 14,164,354 1,335,868 2,345,283
403 Solid Waste Utility 2,151,456 16,514,320 13,054,658 15,206,114 17,140,339 12,126,301 3,079,813
4X4 Golf Operating & CIP (110,056) 2,812,793 1,981,564 1,871,508 2,295,432 1,606,802 264,706
4X5 Water Operating & CIP 22,681,621 16,308,371 14,041,201 36,722,822 26,092,307 8,241,665 28,481,157
4X6 Waste Water Operating & CIP 11,636,515 15,324,938 8,749,902 20,386,417 19,415,925 7,584,294 12,802,123
416 King County Metro 3,992,378 16,638,722 12,148,528 16,140,906 16,638,722 11,275,782 4,865,124
4X7 Surface Water Operating & CIP 10,682,778 23,257,347 9,779,307 20,462,085 27,735,663 15,176,324 5,285,761
INTERNAL SERVICE FUNDS: 39,284,490 37,726,031 26,587,395 65,871,885 37,371,074 23,844,901 42,026,984
501 Equipment Repair/Replacement 5,620,280 6,164,145 4,411,132 10,031,412 5,514,530 3,900,659 6,130,753
502 Insurance 13,085,310 4,166,201 3,157,540 16,242,850 3,612,594 3,167,041 13,075,809
503 Information Services 2,327,309 4,833,871 3,556,527 5,883,836 5,960,478 3,285,267 2,598,569
504 Facilities 1,259,503 4,953,544 3,738,412 4,997,915 5,407,389 3,338,807 1,659,108
505 Communications 576,333 1,040,239 755,991 1,332,324 1,112,381 710,239 622,085
512 Insurance, Healthcare 7,523,267 14,295,824 9,207,595 16,730,862 14,596,149 8,583,458 8,147,404
522 Insurance, Leoff1 Retirees HC 8,892,488 2,272,207 1,760,198 10,652,686 1,167,553 859,430 9,793,256
FIDUCIARY FUNDS:5,299,035 468,000 159,166 5,458,201 200,475 153,824 5,304,377
611 Firemen's Pension 5,299,035 468,000 159,166 5,458,201 200,475 153,824 5,304,377
TOTAL FUNDS 139,447,335 303,112,039 190,173,386 329,620,721 343,276,432 175,312,666 154,308,054
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 27,039,048 (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 64,628,067 53,224,181 11,403,886 31,366,731
July 71,753,118 67,206,203 4,546,916 24,509,761
August 79,378,013 74,281,749 5,096,264 25,059,109
September 85,974,133 81,242,284 4,731,848 24,694,693
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 16 of 38
City of Renton
Monthly Revenue Analysis ‐ 2016 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 6,116,145 7,317,475 19.64%
Feb 12,464,426 14,715,559 18.06%
Mar 18,997,332 21,798,267 14.74%
Apr 38,307,505 40,464,776 5.63%
May 54,886,764 57,969,563 5.62%
Jun 61,537,464 64,628,067 5.02%
Jul 68,034,670 71,753,118 5.47%
Aug 74,274,073 79,378,013 6.87%
Sep 80,821,287 85,974,133 6.38%
Oct 93,981,286
Nov 110,707,544
Dec 119,910,845
Percent of budget 71.70%
Property Tax Budget
YTD
Actual
Annual %
over (under)
Jan 68,794 44,745 ‐34.96%
Feb 382,923 359,864 ‐6.02%
Mar 1,343,934 1,633,550 21.55%
Apr 11,739,798 9,489,780 ‐19.17%
May 19,499,635 19,396,313 ‐0.53%
Jun 19,650,371 19,534,107 ‐0.59%
Jul 19,717,283 19,591,281 ‐0.64%
Aug 19,814,300 19,831,817 0.09%
Sep 20,388,854 20,390,534 0.01%
Oct 26,797,806
Nov 37,004,304
Dec 37,213,314
Percent of budget 54.79%
$‐
$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 8,995,034 5.01%
May 10,893,426 11,583,888 6.34%
Jun 12,941,024 13,963,417 7.90%
Jul 15,068,593 16,317,079 8.29%
Aug 17,435,267 19,044,048 9.23%
Sep 19,708,241 21,480,124 8.99%
Oct 22,045,782
Nov 24,451,213
Dec 26,747,588
Percent of budget 80.31%
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 8,366,531 2.00%
Jul 9,367,751 9,642,866 2.94%
Aug 10,667,136 10,890,792 2.10%
Sep 11,870,479 12,168,294 2.51%
Oct 13,064,155
Nov 14,326,342
Dec 15,717,444
Percent of budget 77.42%
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 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 1,809,916 43.02%
May 1,515,887 2,089,751 37.86%
Jun 1,900,918 2,314,634 21.76%
Jul 2,421,261 2,716,644 12.20%
Aug 2,748,612 3,035,243 10.43%
Sep 3,152,452 3,328,686 5.59%
Oct 3,516,273
Nov 3,759,344
Dec 4,009,000
Percent of budget 83.03%
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 6,972,553 7,149,225 2.53%
Jul 7,465,223 7,708,932 3.26%
Aug 8,076,002 8,340,808 3.28%
Sep 8,663,731 8,934,054 3.12%
Oct 9,337,858
Nov 10,700,006
Dec 14,363,451
Percent of budget 62.20%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
$‐
$2
$4
$6
$8
$10
$12
$14
$16
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 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 3,873,402 ‐2.80%
Jul 4,884,650 4,648,795 ‐4.83%
Aug 5,655,002 5,488,977 ‐2.94%
Sep 6,237,457 6,084,569 ‐2.45%
Oct 6,840,019
Nov 7,365,845
Dec 8,007,932
Percent of budget 75.98%
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 1,344,477 ‐10.92%
Jul 1,756,252 1,566,744 ‐10.79%
Aug 2,069,275 1,841,708 ‐11.00%
Sep 2,369,080 2,042,694 ‐13.78%
Oct 2,659,110
Nov 2,992,541
Dec 3,320,500
Percent of budget 61.52%
$‐
$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 4,800,048 7,228,286 50.59%
May 5,103,604 5,968,173 16.94%
Jun 5,569,347 6,431,675 15.48%
Jul 6,482,574 7,728,893 19.23%
Aug 6,807,221 8,778,071 28.95%
Sep 7,123,290 9,258,013 29.97%
Oct 8,089,336
Nov 8,344,672
Dec 8,359,000
Percent of budget 110.76%
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 1,644,525 105.46%
Jul 865,007 1,825,810 111.07%
Aug 995,183 2,120,475 113.07%
Sep 1,301,627 2,281,090 75.25%
Oct 1,422,614
Nov 1,534,110
Dec 1,922,616
Percent of budget 118.65%
$‐
$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
$10
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 ‐ 0.00%
May 104,167 ‐ 0.00%
Jun 6,075 6,075 0.00%
Jul 6,075 6,075 0.00%
Aug 6,075 6,075 0.00%
Sep 6,075 6,075 0.00%
Oct 208,333
Nov 229,167
Dec 250,000
Percent of budget 2.43%
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 2,657,005 2,826,665 6.39%
Jul 3,218,781 3,470,703 7.83%
Aug 3,765,687 4,230,285 12.34%
Sep 4,214,427 4,752,757 12.77%
Oct 4,428,959
Nov 4,517,988
Dec 4,000,000
Percent of budget 118.82%
$‐
$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 1,994,550 31.43%
May 1,808,985 2,370,874 31.06%
Jun 2,532,793 2,808,493 10.89%
Jul 3,117,823 3,270,705 4.90%
Aug 3,496,111 3,668,283 4.92%
Sep 3,974,931 4,048,763 1.86%
Oct 4,400,264
Nov 4,726,378
Dec 5,173,368
Percent of budget 78.26%
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 4,912,972 9.18%
Jul 4,750,000 5,289,180 11.35%
Aug 4,750,000 5,623,988 18.40%
Sep 4,750,000 5,634,767 18.63%
Oct 5,000,000
Nov 5,000,000
Dec 5,000,000
Percent of budget 112.70%
$‐
$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
$6.00
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 8,786,575 8,625,290 ‐1.84%
Feb 18,575,857 18,026,295 ‐2.96%
Mar 28,081,829 27,039,048 ‐3.71%
Apr 36,922,869 35,281,644 ‐4.45%
May 46,172,761 44,251,964 ‐4.16%
Jun 55,763,905 53,224,181 ‐4.55%
Jul 70,497,074 67,206,203 ‐4.67%
Aug 78,193,796 74,281,749 ‐5.00%
Sep 85,599,547 81,242,284 ‐5.09%
Oct 102,929,156
Nov 113,204,609
Dec 125,048,276
Percent of budget expended 64.97%
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 194,452 186,176 ‐4.26%
Jul 224,495 214,274 ‐4.55%
Aug 254,415 242,571 ‐4.66%
Sep 284,228 271,193 ‐4.59%
Oct 314,294
Nov 344,069
Dec 375,761
Percent of budget expended 72.17%
$‐
$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 24 of 38
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 775,317 890,444 14.85%
Jul 916,869 1,019,792 11.23%
Aug 1,146,554 1,165,850 1.68%
Sep 1,302,813 1,333,539 2.36%
Oct 1,437,782
Nov 1,585,169
Dec 1,784,464
Percent of budget expended 74.73%
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 1,004,061 ‐8.13%
Jul 1,282,507 1,173,342 ‐8.51%
Aug 1,475,680 1,341,723 ‐9.08%
Sep 1,671,064 1,512,690 ‐9.48%
Oct 1,846,482
Nov 2,021,528
Dec 2,213,353
Percent of budget expended 68.34%
$‐
$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 706,499 678,807 ‐3.92%
May 890,985 849,557 ‐4.65%
Jun 1,081,645 1,021,277 ‐5.58%
Jul 1,265,010 1,191,366 ‐5.82%
Aug 1,449,036 1,363,339 ‐5.91%
Sep 1,627,840 1,546,812 ‐4.98%
Oct 1,805,361
Nov 1,978,143
Dec 2,187,710
Percent of budget expended 70.70%
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 556,162 575,150 3.41%
Jul 701,359 671,572 ‐4.25%
Aug 793,589 767,998 ‐3.22%
Sep 886,107 864,286 ‐2.46%
Oct 978,401
Nov 1,070,254
Dec 1,163,302
Percent of budget expended 74.30%
$‐
$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 252,761 212,162 ‐16.06%
Feb 522,698 448,710 ‐14.15%
Mar 808,078 676,129 ‐16.33%
Apr 1,087,558 892,326 ‐17.95%
May 1,359,560 1,125,595 ‐17.21%
Jun 1,621,254 1,370,849 ‐15.45%
Jul 1,878,419 1,606,944 ‐14.45%
Aug 2,151,809 1,850,577 ‐14.00%
Sep 2,394,704 2,121,707 ‐11.40%
Oct 2,650,101
Nov 2,908,204
Dec 3,197,543
Percent of budget expended 66.35%
Economic
Development Budget
YTD
Actual
Annual %
over (under)
Jan 101,173 50,235 ‐50.35%
Feb 258,400 108,276 ‐58.10%
Mar 391,652 166,805 ‐57.41%
Apr 527,126 287,672 ‐45.43%
May 646,739 361,504 ‐44.10%
Jun 779,862 461,549 ‐40.82%
Jul 926,769 563,033 ‐39.25%
Aug 1,075,492 620,177 ‐42.34%
Sep 1,212,958 676,493 ‐44.23%
Oct 1,341,958
Nov 1,482,293
Dec 1,668,872
Percent of budget expended 40.54%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions
Development Services
Budget
Actual
Last Year
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
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 206,649 203,948 ‐1.31%
Feb 425,262 411,848 ‐3.15%
Mar 670,051 630,155 ‐5.95%
Apr 908,109 846,345 ‐6.80%
May 1,178,355 1,085,749 ‐7.86%
Jun 1,442,959 1,327,179 ‐8.02%
Jul 1,698,438 1,553,419 ‐8.54%
Aug 1,951,022 1,797,371 ‐7.88%
Sep 2,216,643 2,047,141 ‐7.65%
Oct 2,500,304
Nov 2,749,051
Dec 3,019,484
Percent of budget expended 67.80%
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 1,337,642 10.19%
Jul 1,412,993 1,550,596 9.74%
Aug 1,742,187 1,825,174 4.76%
Sep 1,948,700 2,042,155 4.80%
Oct 2,152,763
Nov 2,344,422
Dec 2,953,369
Percent of budget expended 69.15%
$‐
$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 375,900 313,676 ‐16.55%
May 450,924 384,293 ‐14.78%
Jun 522,077 460,231 ‐11.85%
Jul 593,286 541,066 ‐8.80%
Aug 671,377 726,986 8.28%
Sep 741,134 684,984 ‐7.58%
Oct 834,041
Nov 907,039
Dec 1,151,870
Percent of budget expended 59.47%
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 651,578 584,313 ‐10.32%
Jul 766,621 675,537 ‐11.88%
Aug 881,492 786,540 ‐10.77%
Sep 993,608 883,392 ‐11.09%
Oct 1,112,638
Nov 1,219,645
Dec 1,372,669
Percent of budget expended 64.36%
$‐
$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 2,968,400 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 17,110,693 16,379,009 ‐4.28%
Jul 20,168,189 19,298,967 ‐4.31%
Aug 22,841,664 21,856,456 ‐4.31%
Sep 25,878,279 24,828,222 ‐4.06%
Oct 28,602,024
Nov 31,665,502
Dec 34,856,639
Percent of budget expended 71.23%
Fire &
Emergency
Services Budget
YTD
Actual
Annual %
over (under)
Jan 2,291,374 2,291,374 0.00%
Feb 5,299,522 5,299,522 0.00%
Mar 7,516,586 7,516,586 0.00%
Apr 9,575,877 9,575,877 0.00%
May 11,745,775 11,745,775 0.00%
Jun 12,826,352 12,826,352 0.00%
Jul 19,651,039 19,651,039 0.00%
Aug 19,707,735 19,707,735 0.00%
Sep 19,738,507 19,738,507 0.00%
Oct 24,057,518
Nov 26,463,270
Dec 28,869,022
Percent of budget expended 68.37%
$‐
$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
$33
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 51,383 52,449 2.07%
Feb 106,296 113,335 6.62%
Mar 166,634 155,142 ‐6.90%
Apr 220,283 196,697 ‐10.71%
May 269,995 240,955 ‐10.76%
Jun 318,337 282,185 ‐11.36%
Jul 373,106 325,143 ‐12.86%
Aug 427,414 366,838 ‐14.17%
Sep 481,448 409,466 ‐14.95%
Oct 534,041
Nov 589,514
Dec 655,344
Percent of budget expended 62.48%
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 2,027,520 ‐11.80%
Jul 2,803,971 2,449,585 ‐12.64%
Aug 3,298,106 2,895,238 ‐12.22%
Sep 3,795,912 3,344,418 ‐11.89%
Oct 4,241,176
Nov 4,633,809
Dec 5,065,610
Percent of budget expended 66.02%
$‐
$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 31 of 38
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 559,036 394,070 ‐29.51%
Jul 680,904 460,928 ‐32.31%
Aug 791,212 556,494 ‐29.67%
Sep 915,691 654,600 ‐28.51%
Oct 1,046,163
Nov 1,169,288
Dec 1,292,543
Percent of budget expended 50.64%
Recreation Budget
YTD
Actual
Annual %
over (under)
Jan 333,154 330,010 ‐0.94%
Feb 695,736 697,557 0.26%
Mar 1,066,633 1,078,551 1.12%
Apr 1,449,320 1,463,787 1.00%
May 1,833,378 1,843,391 0.55%
Jun 2,256,569 2,255,376 ‐0.05%
Jul 2,918,647 2,839,821 ‐2.70%
Aug 3,604,160 3,456,776 ‐4.09%
Sep 4,146,992 3,962,318 ‐4.45%
Oct 4,519,771
Nov 4,905,664
Dec 5,350,288
Percent of budget expended 74.06%
$‐
$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 32 of 38
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Human
Services Budget
YTD
Actual
Annual %
over (under)
Jan 49,625 81,352 63.93%
Feb 126,381 213,832 69.20%
Mar 264,698 269,088 1.66%
Apr 420,012 395,807 ‐5.76%
May 487,819 476,551 ‐2.31%
Jun 554,870 528,283 ‐4.79%
Jul 695,477 613,350 ‐11.81%
Aug 788,488 732,476 ‐7.10%
Sep 850,143 796,475 ‐6.31%
Oct 1,008,843
Nov 1,069,886
Dec 1,258,447
Percent of budget expended 63.29%
Neighborhoods
, Resources,
and Events Budget
YTD
Actual
Annual %
over (under)
Jan 68,319 66,354 ‐2.88%
Feb 166,692 144,459 ‐13.34%
Mar 238,120 213,473 ‐10.35%
Apr 307,504 268,788 ‐12.59%
May 377,816 335,059 ‐11.32%
Jun 462,305 392,885 ‐15.02%
Jul 593,251 482,399 ‐18.69%
Aug 692,978 557,046 ‐19.62%
Sep 787,459 616,242 ‐21.74%
Oct 869,444
Nov 954,065
Dec 1,096,033
Percent of budget expended 56.22%
$‐
$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 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 73,438 ‐3.14%
May 95,501 92,699 ‐2.93%
Jun 115,297 112,304 ‐2.60%
Jul 135,152 131,860 ‐2.44%
Aug 155,440 151,132 ‐2.77%
Sep 175,323 170,790 ‐2.59%
Oct 195,438
Nov 215,317
Dec 235,281
Percent of budget expended 72.59%
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 205,573 200,630 ‐2.40%
Jul 240,151 234,053 ‐2.54%
Aug 275,209 267,579 ‐2.77%
Sep 310,708 300,887 ‐3.16%
Oct 344,670
Nov 378,434
Dec 413,579
Percent of budget expended 72.75%
$‐
$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 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 2,494,337 ‐4.52%
Jul 3,090,003 2,917,165 ‐5.59%
Aug 3,565,717 3,327,137 ‐6.69%
Sep 4,014,860 3,762,097 ‐6.30%
Oct 4,501,814
Nov 4,933,704
Dec 5,420,445
Percent of budget expended 69.41%
Transportation Budget
YTD
Actual
Annual %
over (under)
Jan 385,313 356,191 ‐7.56%
Feb 848,593 720,619 ‐15.08%
Mar 1,402,988 1,219,946 ‐13.05%
Apr 1,985,654 1,593,069 ‐19.77%
May 2,460,643 2,119,001 ‐13.88%
Jun 2,936,948 2,537,694 ‐13.59%
Jul 3,428,357 2,988,891 ‐12.82%
Aug 3,947,043 3,412,556 ‐13.54%
Sep 4,422,467 3,871,910 ‐12.45%
Oct 4,952,795
Nov 5,426,873
Dec 6,149,047
Percent of budget expended 62.97%
$‐
$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
$7.0
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 295,075 295,075 0.00%
May 295,075 295,075 0.00%
Jun 936,921 936,921 0.00%
Jul 1,191,679 1,191,679 0.00%
Aug 1,441,996 1,441,996 0.00%
Sep 1,448,946 1,448,946 0.00%
Oct 5,207,230
Nov 5,727,953
Dec 6,248,676
Percent of budget expended 23.19%
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 2,637,745 2,637,745 0.00%
Jul 2,860,383 2,860,383 0.00%
Aug 3,063,984 3,063,984 0.00%
Sep 3,353,015 3,353,015 0.00%
Oct 5,874,103
Nov 6,461,514
Dec 7,048,924
Percent of budget expended 47.57%
$‐
$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 6,221,803 6,349,407 3,113,758
Feb 16,178,186 12,660,071 7,764,200
Mar 23,982,509 18,599,026 12,419,394
Apr 29,893,898 24,660,335 17,069,879
May 39,799,392 30,851,439 21,831,008
Jun 52,110,648 37,253,721 28,479,554
Jul 59,609,524 44,115,062 34,016,925
Aug 67,816,343 51,070,788 45,010,257
Sep 76,250,053 57,773,544 54,401,676
Oct 84,074,531
Nov 92,029,531
Dec 107,022,956
Percent of budget expended 31.59%
Note: Operations and Capital
Airport Budget Revenue Expense
Jan 252,834 379,338 102,054
Feb 693,487 746,998 246,569
Mar 3,774,376 1,127,792 409,998
Apr 4,769,280 1,367,786 567,432
May 7,091,951 1,614,567 695,455
Jun 7,846,061 1,834,885 845,678
Jul 8,724,109 2,081,888 997,029
Aug 9,883,320 2,302,425 1,140,620
Sep 10,864,768 2,536,402 1,335,868
Oct 11,604,431
Nov 12,859,109
Dec 14,164,354
Percent of budget expended 9.43%
Note: Operations and Capital
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
$120
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 37 of 38
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 1,133,239 974,444
Jul 1,135,836 1,437,189 1,243,694
Aug 1,308,140 1,760,424 1,419,407
Sep 1,481,465 1,981,564 1,606,801
Oct 1,678,887
Nov 1,805,131
Dec 2,295,432
Percent of budget expended 70.00%
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
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