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HomeMy WebLinkAbout201904, April h:\finance\financial reporting\monthly reports\2019 reports\cover 0419.docx  ADMINISTRATIVE SERVICES    M   E   M   O   R   A   N   D   U   M       DATE: September 18, 2019    TO: Don Persson, Council President  Members of Renton City Council     CC: Denis Law, Mayor  Bob Harrison, Chief Administrative Officer     FROM: Jan Hawn, ASD Administrator     STAFF CONTACT: Hai Nguyen, Sr. Finance Analyst     SUBJECT: April 2019 Financial Status Report       At the end of April, general governmental revenues show $2M or 5.4% over budget.   Revenue source(s) that are higher than expected are: property tax ($598K); sales tax  ($184K); state shared revenues ($226K); gambling taxes ($216K); interest & other  earnings ($239K); fines and penalties ($578K); real estate excise tax ($1.1M); business  licensing ($434K); and other miscellaneous ($223K).  On the down side, the revenue  source(s) that are underperforming the year to date budget are: utility taxes ($160K);  business & occupation taxes ($1.4M); building permits/development service fees ($255K);  and interfund services ($195K).    General government expenditures showed a favorable variance of $890K or 2.8%.  See  page 11 of report for further expenditure over‐spent/savings 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.        Don Persson, Council President  Members of Renton City Council  Page 2 of 2  September 18, 2019    h:\finance\financial reporting\monthly reports\2019 reports\cover 0419.docx  This page is intentionally left blank      General Governmental Funds $% Beginning Fund Balance 26,563,785$     26,563,785$    33,284,838$       33,284,838$      42,803,217$    42,803,217$ 46,198,341$   3,395,124        7.9% OPERATING REVENUES Property Tax 24,356,562        8,189,058          19,463,461          7,667,724            20,885,254       7,557,571       8,155,089         597,519            7.9% Sales  Tax 26,331,634        8,383,159          28,428,635          9,165,821            27,684,069       8,847,947       9,031,530         183,583            2.1% Sales  Tax ‐ Annexation Credit/LRF 3,123,230           992,803               1,619,553             1,086,846            ‐                           ‐                        ‐                         ‐                        0.0% Criminal Justice Sales  Tax 2,808,564           889,786               3,091,020             961,428                2,886,744          905,823            1,020,647         114,824            12.7% Natural Gas  Use Tax 180,456                78,804                  141,408                  64,218                   180,000               81,744               102,391             20,647               25.3% Admission Tax 223,157                122,095               225,466                  112,742                250,000               130,865            86,712                (44,153)              ‐33.7% Franchise  Fees 1,562,100           765,896               1,508,915             441,270                1,526,500          600,043            726,346             126,303            21.0% Electricity Tax 5,721,366           2,181,459          5,592,795             2,166,727            5,559,113          2,136,443       2,012,534         (123,908)           ‐5.8% Natural Gas  Utility Tax 1,630,375           883,739               1,446,693             783,610                1,400,000          758,608            699,717             (58,891)              ‐7.8% Garbage/Solid Waste 627,254                189,280               743,003                  229,133                680,000               207,641            252,932             45,291               21.8% TV Cable 1,651,405           522,713               1,525,625             491,726                1,678,736          536,028            463,628             (72,399)              ‐13.5% Telephone 866,519                330,485               830,975                  246,769                692,674               235,552            356,071             120,519            51.2% Cellular Phone 1,481,298           478,838               1,159,489             449,662                1,551,630          545,553            179,841             (365,712)           ‐67.0% City Utilities 4,840,530           1,388,990          4,925,046             1,624,041            4,500,000          1,388,411       1,662,612         274,201            19.7% Utility Tax Audit ‐                            ‐                           ‐                              ‐                            ‐                           ‐                        ‐                         ‐                        0.0% Leasehold Excise  Tax 173,396                42,568                  189,427                  43,340                   179,000               42,383               41,693                (689)                     ‐1.6% Gambling Excise  Tax 2,695,368           821,419               2,831,045             987,292                2,000,000          654,570            870,476             215,907            33.0% Real Estate Excise  Tax 3,209,865           2,459,865          5,298,242             1,903,118            4,000,000          550,498            1,670,225         1,119,726        203.4% Less: CIP REET (2,459,865)          (2,459,865)         (1,903,118)            (1,903,118)          (1,373,000)         (550,498)          (583,314)            (32,816)              6.0% EMS Levy ‐                            ‐                           ‐                              ‐                            ‐                           ‐                        ‐                         ‐                        0.0% B&O Taxes 9,633,034           5,866,521          10,689,216          7,793,531            8,000,000          5,274,613       2,926,254         (2,348,359)      ‐44.5% Less: CIP B&O Taxes (2,473,974)          ‐                           (1,379,314)            ‐                            (2,000,000)         (900,000)          ‐                         900,000            ‐100.0% Business License Fees 1,480,730           597,889               1,037,650             860,074                695,455               371,620            805,222             433,602            116.7% Less: CIP Business License Fees (614,796)              (292,973)             (356,629)                (338,367)               ‐                           ‐                        ‐                         ‐                        0.0% Animal  Licenses and Spec Events  Permits 140,391                36,772                  119,901                  47,782                   94,174                  33,750               49,647                15,897               47.1% Building Permits & Development Svc Fees 4,907,983           1,445,882          4,650,227             1,587,790            5,223,637          1,657,787       1,402,428         (255,359)           ‐15.4% Intergovt'l (Grants, State  Shared, etc) 4,285,806           1,252,346          4,232,288             1,370,252            4,485,900          1,364,145       1,473,958         109,812            8.0% Fire  District 25 and 40 Contracts 341,939                170,969               357,660                  178,830                372,059               186,030            186,030             ‐                        0.0% Public Safety 837,728                343,235               1,208,422             427,181                840,835               316,591            389,851             73,260               23.1% Culture and Recreation 1,722,323           331,028               1,509,375             315,703                1,829,714          366,164            317,610             (48,555)              ‐13.3% Interfund/Interdept‐Services 3,916,334           1,359,997          3,900,407             1,397,508            4,794,617          1,598,206       1,403,473         (194,733)           ‐12.2% Fines  and Penalties 822,450                220,049               810,152                  223,148                976,345               257,764            273,590             15,826               6.1% Photo Enforcement 2,124,399           586,966               3,463,040             593,336                3,431,405          724,857            1,286,638         561,781            77.5% Seizure  Funds  ‐ Federal/State/Local 176,503                146,640               349,134                  16,733                   ‐                           ‐                        20,280                20,280               100.0% Interests and Other Earnings 1,155,371           263,157               1,189,995             328,350                830,000               209,328            448,164             238,836            114.1% Rents, Leases, and Concessions 634,897                238,174               673,666                  255,395                572,695               216,012            275,890             59,878               27.7% Contributions and Donations 177,919                59,567                  197,221                  49,265                   147,970               42,927               98,286                55,359               129.0% Other Miscellaneous 954,680                249,003               708,728                  267,266                748,987               238,402            460,996             222,594            93.4% Other Financing Sources  (Transfer ‐In, etc) 283,213                94,231                  (139,213)                13,000                   1,356,692          94,416               94,416                ‐                        0.0% Total Operating Revenues 109,530,146     39,230,543       110,339,607       41,909,125         106,681,205    36,681,790    38,661,863      1,980,073        5.4% OPERATING EXPENDITURES Council 362,101                127,629               377,512                  131,800                414,410               145,360            125,950             19,410               13.4% Executive 1,954,748           632,403               2,073,371             699,202                2,353,009          777,852            822,853             (45,001)              ‐5.8% Emergency Management 569,333                171,474               590,655                  189,109                703,487               218,679            177,028             41,651               19.0% City Attorney 2,088,718           694,752               2,216,692             728,768                2,393,230          791,286            774,881             16,405               2.1% Court Services 2,174,217           708,103               2,222,633             749,786                2,646,159          877,403            797,557             79,845               9.1% Community and Eco Dvlpmnt Admin 1,351,830           439,814               1,347,568             449,552                1,507,929          496,815            477,876             18,939               3.8% Development Services 3,023,728           1,024,029          3,032,130             938,343                3,485,932          1,129,600       1,014,056         115,544            10.2% Economic Development 949,467                190,278               833,055                  236,753                1,822,045          436,499            286,334             150,166            34.4% Planning 2,815,148           906,510               3,022,122             981,781                3,463,993          1,120,563       1,005,890         114,673            10.2% Finance 3,132,609           856,650               3,427,262             910,304                3,606,382          971,408            960,467             10,941               1.1% City Clerk 1,119,376           459,577               1,274,941             572,896                1,341,087          578,301            566,486             11,815               2.0% Human Resources 1,221,841           395,728               1,268,733             416,778                1,544,649          503,915            449,976             53,938               10.7% Police 30,987,047        9,814,686          33,764,563          10,504,510         36,861,840       11,567,928    11,489,675      78,254               0.7% Jail Services 4,807,443           1,602,049          5,970,673             1,989,477            6,239,267          1,921,991       1,921,991         ‐                        0.0% Community Services  Admin 554,951                168,961               510,454                  173,564                568,806               182,870            183,147             (277)                     ‐0.2% Parks & Trails 4,926,587           1,395,697          5,026,203             1,448,006            5,480,077          1,570,853       1,541,536         29,317               1.9% Parks Planning & Natural Resources 1,059,058           289,729               1,114,153             290,483                2,495,194          666,176            322,001             344,176            51.7% Recreation & Neighborhoods 6,152,644           1,769,154          6,280,121             1,766,667            6,433,402          1,831,886       1,865,140         (33,254)              ‐1.8% Human Services 1,634,387           333,897               1,421,280             339,032                1,382,752          304,514            412,049             (107,535)           ‐35.3% Museum 235,712                79,223                  245,590                  81,439                   252,298               84,219               85,034                (815)                     ‐1.0% Public Works Admin 406,781                135,878               417,786                  140,203                425,954               142,618            141,787             831                       0.6% Street Maintenance 5,603,141           1,913,150          5,676,989             1,808,825            5,894,373          1,944,899       1,919,501         25,397               1.3% Transportation 5,368,887           1,531,026          5,550,779             1,829,389            6,194,559          1,906,312       1,940,674         (34,362)              ‐1.8% Debt Service 6,063,576           293,691               5,696,184             290,010                6,793,668          284,932            284,932             ‐                        0.0% Non‐Departmental and Other 14,245,763        1,072,621          4,064,656             1,028,809            6,053,738          1,060,630       1,060,630         ‐                        0.0% Total Operating Expenditures 102,809,093     27,006,711       97,426,104          28,695,484         110,358,241    31,517,508    30,627,451      890,057            2.8% Total Ending Fund Balance 33,284,838$     38,787,617$    46,198,341$       46,498,479$      39,126,181$    47,967,500$ 54,232,753$   6,265,253$     13.1% Favorable (Unfavorable) 2017 2018 2019 Variance Annual Actual YTD Actual Annual Budget YTD Budget YTD ActualSummary of Sources and  Uses Annual Actual YTD Actual   Monthly Financial Report April 2019 City of Renton, Washington Page 1 of 15 Monthly Financial Report April 2019      OVERVIEW  This financial overview reflects the City’s overall financial position for the fiscal year through April 30, 2019.  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, real estate excise, and business & occupation  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    Current Month Actual: $7.2M  YTD Actual: $8.2M  Budgeted YTD: $7.6M  Prior Year Same Month: $6.9M  Prior Year YTD: $7.7M  Year‐to‐Year Variance: $487K,  6%  Actual‐to‐Budget YTD Variance:  $598K, 8%                Sales Tax    Current Month Actual: $1.9M  YTD Actual: $9M  Budgeted YTD: $8.8M  Prior Year Same Month: $2M  Prior Year YTD: $9.2M  Year‐to‐Year Monthly Variance:  ‐$64K, ‐3%  Year‐to‐Year YTD Variance:             ‐$134K, ‐1%  Actual‐to‐Budget Monthly  Variance: ‐$63K, ‐3%  Actual‐to‐Budget YTD Variance:  $184K, 2%    New Construction and Service  are the sectors generating and collecting more than anticipated.  The City is projecting sales tax revenues to be $27.9M by  the end of the year.  2019’s monthly budgets are generally based on 2014 through 2018 collections.  2018 2019 2019 Actual Budget Actual $ % $ % Jan (12,745)$           20,344$            39,879$            52,624$             ‐413% 19,535$            96% Feb 106,364            143,793            192,217            85,853               81% 48,425               34% Mar 665,471            747,539            764,729            99,258               15% 17,190               2% Apr 6,908,633        6,645,895        7,158,264        249,631            4% 512,369            8% May 2,419,925        3,293,120         Jun 108,842            113,280             Jul 90,072               76,102                Aug 84,185               88,428                Sep 196,536            304,667             Oct 7,077,878        5,307,469         Nov 1,742,104        4,039,744         Dec 76,196               104,875             YTD  Total 7,667,724$     7,557,571$     8,155,089$     487,366$         6% 597,519$         8% Annual  Total 19,463,461$  20,885,254$   Property Tax  Revenues Year to Date through April 2019 vs. 2018 2019 vs. Budget Month 2018 2019 2019 Actual Budget Actual $ % $ % Jan 2,217,949$     2,172,405$     2,260,685$     42,736$            2% 88,280$            4% Feb 2,839,044        2,602,634        2,758,295        (80,749)               ‐3% 155,661            6% Mar 2,099,180        2,064,301        2,066,530        (32,650)               ‐2% 2,229                  0% Apr 2,009,648        2,008,608        1,946,020        (63,628)               ‐3% (62,588)               ‐3% May 2,506,478        2,429,497         ‐                         Jun 1,997,751        2,105,242        ‐                         Jul 2,385,665        2,245,590        ‐                         Aug 2,573,863        2,475,019        ‐                         Sep 2,671,784        2,358,468        ‐                         Oct 2,438,390        2,413,738        ‐                         Nov 2,385,700        2,491,359        ‐                         Dec 2,303,183        2,317,209        ‐                         YTD  Total 9,165,821$     8,847,947$     9,031,530$     (134,291)$        ‐1% 183,583$         2% Annual  Total 28,428,635$  27,684,069$   2019 vs. Budget2019 vs. 2018 Month Year to Date through April Local Retail Sales  Tax  Revenues City of Renton, Washington Page 2 of 15 Monthly Financial Report April 2019      The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business  sectors:  Sales  Tax  by Sector 2018 2019 Bgt YTD Act Change 2019/2018 2019 Act  vs  Bgt New Construction 1,382,591$     1,187,031$     1,328,362$     (54,229)$            ‐4%$        141,331 12% Auto  Sales 1,644,222        1,626,526        1,606,503        (37,719)               ‐2%            (20,024)‐1% General  Retail 2,614,442        2,641,553        2,600,241        (14,201)               ‐1%            (41,312)‐2% Manufacturing 624,356            686,719            687,638            63,282                10%                      919 0% Wholesale 465,368            437,907            413,232            (52,136)               ‐11%            (24,675)‐6% Service 2,222,537        2,043,432        2,185,479        (37,058)              ‐2%           142,046 7% Other 212,304            224,778            210,075            (2,228)                  ‐1%            (14,702)‐7% YTD  Total 9,165,821$     8,847,947$     9,031,530$     (134,291)$        ‐1%183,583$        2% Note: Excludes  Annexation Credit and Criminal Justice Sales  Tax revenue.       Utility tax     Current Month Actual: $2.3M  YTD Actual: $5.7M  Budgeted YTD: $5.9M  Prior Year Same Month: $1.5M  Prior Year YTD: $6.1M  Year‐to‐Year Monthly Variance:  $850K, 58%  Year‐to‐Year YTD Variance:             ‐$326K, ‐5%  Actual‐to‐Budget Monthly  Variance: $730K, 46%  Actual‐to‐Budget YTD Variance:  ‐$160K, ‐3%    The large variance with budget  and prior year is mainly due to lower taxable reported activity for Cellular.  The timing of when Electrical and Natural Gas  receipts were recorded (April instead of March) is why there is such a large variance for March/April.  The City is projecting  utility tax revenues to be about $15.8M by the end of the year.  The monthly budgets are based on 2017/2018 activity.  The  table below breaks out Utility Tax by source.    Utility Tax  by Type 2018 2019 Bgt YTD  Act Change 2019/2018  2019 Act  vs  Bgt  Electrical 2,166,727$     2,136,443$     2,012,534$     (154,192)$         ‐7%$      (123,908)‐6% Natural  Gas 847,827            840,352            802,107            (45,720)               ‐5%            (38,244)‐5% Cell 449,662            545,553            179,841            (269,821)            ‐60%         (365,712)‐67% Phone 246,769            235,552            356,071            109,302             44%           120,519 51% Cable 491,726            536,028            463,628            (28,098)               ‐6%            (72,399)‐14% Garbage/Solid Waste 229,133            207,641            252,932            23,799                10%              45,291 22% City Utilities 1,624,041        1,388,411        1,662,612        38,571                2%           274,201 20% Utility Tax  Audit ‐                              ‐                              ‐                              ‐                               N/A                              ‐ N/A YTD  Total 6,055,885$     5,889,979$     5,729,726$     (326,159)$        ‐5%(160,253)$       ‐3% Annual Total 16,365,034$  16,242,153$   YTD  as % of 37% 36%      2018 2019 2019 Actual Budget Actual $ % $ % Jan 1,395,386$     1,514,363$     1,256,646$     (138,740)$         ‐10% (257,717)$         ‐17% Feb 1,617,972        1,429,503        1,372,784        (245,188)            ‐15% (56,719)               ‐4% Mar 1,579,191        1,362,194        786,486            (792,705)            ‐50% (575,709)            ‐42% Apr 1,463,336        1,583,918        2,313,810        850,474            58% 729,892            46% May 1,414,956        1,405,448         Jun 1,269,602        1,282,448         Jul 1,398,960        1,415,513         Aug 1,203,168        1,166,791         Sep 1,197,617        1,195,903         Oct 1,292,218        1,336,595         Nov 1,083,283        1,141,066         Dec 1,449,344        1,408,409         YTD  Total 6,055,885$     5,889,979$     5,729,726$     (326,159)$         ‐5% (160,253)$         ‐3% Annual  Total 16,365,034$  16,242,153$   2019 vs. Budget2019 vs. 2018 Year to Date through April Utility Tax Revenues Month City of Renton, Washington Page 3 of 15 Monthly Financial Report April 2019      Other Taxes     Real Estate Excise Tax    Current Month Actual: $430K  YTD Actual: $1.7M  Budgeted YTD: $550K  Prior Year Same Month: $406K  Prior Year YTD: $1.9M  Year‐to‐Year Monthly Variance:  $24K, 6%  Year‐to‐Year YTD Variance:             ‐$233K, ‐12%  Actual‐to‐Budget Monthly  Variance: $330K, 331%  Actual‐to‐Budget YTD Variance:  $1.1M, 203%    REET collections year‐to‐date  are behind 2018 figures but  much higher than budgeted expectations.  The City is projecting REET to be about $4.8M at the end of the year.        Gambling Tax    Current Month Actual: $260K  YTD Actual: $870K  Budgeted YTD: $655K  Prior Year Same Month: $276K  Prior Year YTD: $987K  Year‐to‐Year Monthly Variance:  ‐$16K, ‐6%  Year‐to‐Year YTD Variance:             ‐$117K, ‐12%  Actual‐to‐Budget Monthly  Variance: $80K, 45%  Actual‐to‐Budget YTD Variance:  $216K, 33%    Gambling tax revenue is behind  2018 but is above budget.  The City is projecting gambling tax revenues to be about $2.7M at the end of the year.       2018 2019 2019 Actual Budget Actual $ % $ % Jan 840,316$         235,792$         748,462$         (91,854)$            ‐11% 512,671$         217% Feb 366,011            88,705               219,686            (146,325)            ‐40% 130,981            148% Mar 291,045            126,164            272,006            (19,039)               ‐7% 145,842            116% Apr 405,746            99,837               430,070            24,323               6% 330,232            331% May 607,431            125,357             Jun 496,917            157,020             Jul 846,631            181,410             Aug 406,944            136,185             Sep 451,349            285,331             Oct 1,716,905        1,133,509         Nov 976,580            716,731             Dec 409,249            713,958             YTD  Total 1,903,118$     550,498$         1,670,225$     (232,894)$        ‐12% 1,119,726$     203% Annual  Total 7,815,124$     4,000,000$      *Total REET (GF & CIP) Month 2019 vs. Budget2019 vs. 2018 Real Estate Excise  Tax  (REET) Revenues* Year to Date through April 2018 2019 2019 Actual Budget Actual $ % $ % Jan 210,929$         156,146$         83,278$            (127,651)$         ‐61% (72,869)$            ‐47% Feb 255,285            164,992            244,652            (10,633)               ‐4% 79,660               48% Mar 245,283            154,213            283,007            37,724               15% 128,795            84% Apr 275,795            179,219            259,539            (16,256)               ‐6% 80,321               45% May 222,540            170,531             ‐                         Jun 252,663            175,721            ‐                         Jul 255,351            175,771            ‐                         Aug 226,388            160,458            ‐                         Sep 75,748               101,653            ‐                         Oct 222,034            158,206            ‐                         Nov 228,862            176,826            ‐                         Dec 360,166            226,264            ‐                         YTD  Total 987,292$         654,570$         870,476$         (116,816)$        ‐12% 215,907$         33% Annual  Total 2,831,045$     2,000,000$      2019 vs. 2018 Gambling Tax  Revenue Month Year to Date through April 2019 vs. Budget City of Renton, Washington Page 4 of 15 Monthly Financial Report April 2019      Franchise Fees    Current Month Actual: $321K  YTD Actual: $726K  Budgeted YTD: $600K  Prior Year Same Month: $37K  Prior Year YTD: $441K  Year‐to‐Year Monthly Variance:  $284K, 758%  Year‐to‐Year YTD Variance:          $285K, 65%  Actual‐to‐Budget Monthly  Variance: $119K, 59%  Actual‐to‐Budget YTD Variance:  $126K, 21%    The timing of when 2018 4th quarter activity was receipted (usually January) is why the 2 months are skewed.  The City is  projecting franchise fees to be a about $1.5M at the end of the year.      Admission Tax     Current Month Actual: $38K  YTD Actual: $87K  Budgeted YTD: $131K  Prior Year Same Month: $55K  Prior Year YTD: $113K  Year‐to‐Year YTD Variance:          ‐$26K, ‐23%  Actual‐to‐Budget YTD Variance:  ‐$44K, ‐34%    The City is projecting  admissions tax revenues to be  around $180K by the end of the  year.      Business & Occupation Tax    Current Month Actual: $583K  YTD Actual: $2.9M  Budgeted YTD: $5.3M  Prior Year Same Month: $5.4M  Prior Year YTD: $7.8M  Year‐to‐Year Monthly Variance:  ‐$4.8M, ‐89%  Year‐to‐Year YTD Variance:          ‐$4.9, ‐62%  Actual‐to‐Budget Monthly  Variance: ‐$2.9M, ‐83%  Actual‐to‐Budget YTD Variance:  ‐$2.3M, ‐45%    2018 2019 2019 Actual Budget Actual $ % $ % Jan 371,458$         373,958$         36,388$            (335,070)$        ‐90% (337,569)$        ‐90% Feb 16,600               11,383               342,814            326,214            1965% 331,431            2912% Mar 15,792               12,373               26,075               10,283               65% 13,702               111% Apr 37,420               202,329            321,069            283,649            758% 118,739            59% May 340,622            173,133            ‐                         Jun 1,050                  11,122               ‐                         Jul 344,386            341,360            ‐                         Aug 15,193               11,379               ‐                         Sep ‐                        4,349                  ‐                         Oct 346,194            358,545            ‐                         Nov 11,200               10,786               ‐                         Dec 9,000                  15,782               ‐                         YTD  Total 441,270$         600,043$         726,346$         285,076$         65% 126,303$         21% Annual  Total 1,508,915$     1,526,500$      Franchise  Fees  Revenue Year  to Date through April Month 2019 vs. 2018 2019 vs. Budget 2018 2019 2019 Actual Budget Actual $ % $ % Jan 56,598$            65,388$            8$                          (56,590)$            ‐100% (65,380)$            ‐100% Feb 1,473                  2,374                  48,782               47,309               3212% 46,407               1954% Mar 112                       62                           ‐                         Apr 54,560               63,040               37,923               (16,637)               ‐30% (25,118)               ‐40% May 1,911                  1,778                  ‐                         Jun ‐                        438                       ‐                         Jul ‐                        28,454               ‐                         Aug 62,959               35,964               ‐                         Sep ‐                        ‐                        ‐                         Oct 46,297               26,750               ‐                         Nov 1,556                  867                       ‐                         Dec ‐                        24,884               ‐                         YTD  Total 112,742$         130,865$         86,712$            (25,918)$            ‐23%(44,091)$            ‐34% Annual  Total 225,466$         250,000$          2019 vs. Budget Admission  Tax Revenue Year  to Date through April Month 2019 vs. 2018 2018 2019 2019 Actual Budget Actual $ % $ % Jan 1,301,574$     1,130,591$     919,391$         (382,183)$         ‐29% (211,200)$         ‐19% Feb 1,013,630        618,964            1,317,771        304,141            30% 698,807            113% Mar 48,278               77,099               105,983            57,705               120% 28,884               37% Apr 5,430,049        3,447,959        583,109            (4,846,940)      ‐89% (2,864,850)      ‐83% May 212,741            169,415            ‐                         Jun 172,687            146,931            ‐                         Jul 840,839            871,974            ‐                         Aug 451,217            303,274            ‐                         Sep 12,193               56,844               ‐                         Oct 572,637            721,429            ‐                         Nov 632,346            404,944            ‐                         Dec 1,026                  50,576               ‐                         YTD  Total 7,793,531$     5,274,613$     2,926,254$     (4,867,277)$   ‐62% (2,348,359)$   ‐45% Annual  Total 10,689,216$  8,000,000$      *Total Business & Occupation Taxes (GF & CIP) Business  & Occupation  Taxes  (B&O)* Year to Date through April Month 2019 vs. 2018 2019 vs. Budget City of Renton, Washington Page 5 of 15 Monthly Financial Report April 2019      April’s variance is due to the timing of when a large receipt was recorded (normally recorded in April but was recorded in  May).  The City is projecting B&O taxes to be around $9.5M by the end of the year.      Licenses and Permits    Business Licenses    Current Month Actual: $61K  YTD Actual: $805K  Budgeted YTD: $372K  Prior Year Same Month: $35K  Prior Year YTD: $860K  Year‐to‐Year Monthly Variance:  $26K, 74%  Year‐to‐Year YTD Variance:             ‐$55K, ‐6%  Actual‐to‐Budget Monthly  Variance: ‐$2K, ‐4%  Actual‐to‐Budget YTD Variance:  $434K, 117%    The variance with the prior year  is mostly due to late filings and  payments associated with the business renewal process.   The City is projecting business license fees to be very close to  $1M by the end of the year.      Building Permits and  Development Service Fees    Current Month Actual: $349K  YTD Actual: $1.4M  Budgeted YTD: $1.7M  Prior Year Same Month: $404K  Prior Year YTD: $1.6M  Year‐to‐Year Monthly Variance:   ‐$55K, ‐14%  Year‐to‐Year YTD Variance:             ‐$185K, ‐12%  Actual‐to‐Budget Monthly  Variance: ‐$17K, ‐5%  Actual‐to‐Budget YTD Variance:   ‐$255K, ‐15%    The City is projecting building permits and development services fees to be $4.1M by the end of the year.      2018 2019 2019 Actual Budget Actual $ % $ % Jan 574,453$         189,046            281,106$         (293,347)$         ‐51% 92,060$            49% Feb 208,947            92,184               348,391            139,444            67% 256,207            278% Mar 41,777               27,476               115,148            73,371               176% 87,672               319% Apr 34,897               62,914               60,577               25,679               74% (2,337)                  ‐4% May 33,623               51,500                ‐                         Jun 30,721               20,877               ‐                         Jul 16,354               64,859               ‐                         Aug 15,778               38,094               ‐                         Sep 8,889                  20,772               ‐                         Oct 10,260               57,560               ‐                         Nov 7,950                  29,374               ‐                         Dec 54,000               40,800               ‐                         YTD  Total 860,074$         371,620$         805,222$         (54,852)$           ‐6% 433,602$         117% Annual Total 1,037,650$     695,455$          *Total Business License (GF & CIP) Business  Licenses* Month 2019 vs. 2018 Year to Date through April 2019 vs. Budget 2018 2019 2019 Actual Budget Actual $ % $ % Jan 314,626$         388,426$         317,466$         2,839$               1% (70,960)$            ‐18% Feb 280,745            304,673            397,742            116,997            42% 93,069               31% Mar 588,527            598,844            338,320            (250,207)            ‐43% (260,524)            ‐44% Apr 403,892            365,844            348,901            (54,991)               ‐14% (16,943)               ‐5% May 436,943            544,326             Jun 363,521            532,521             Jul 484,920            410,225             Aug 411,236            463,122             Sep 342,301            431,287             Oct 453,317            430,456             Nov 297,467            423,510             Dec 272,733            330,035             YTD  Total 1,587,790$     1,657,787$     1,402,428$     (185,362)$         ‐12% (255,359)$         ‐15% Annual Total 4,650,227$     5,223,637$      Building Permits and Development Service  Fees Year  to Date through April 2019 vs. Budget2019 vs. 2018 Month City of Renton, Washington Page 6 of 15 Monthly Financial Report April 2019      Intergovernmental  These revenue sources  include federal (direct  and indirect) grants,  state grants, state  shared revenues, local  grants, and  entitlements.  State  shared revenues 91%  of the total revenues  in this category. The  year‐to‐date total Intergovernmental revenue is $2.7M or 35% of the budget.       State Shared Revenues    YTD Total: $2.3M  Year‐to‐Year YTD  Variance: $142K, 7%  Actual‐to‐Budget YTD  Variance: $226K, 11%    The higher than  expected collection is  due to collecting more  than anticipated  Criminal Justice’s Sales  Tax and Marijuana  Distribution.  The City  is projecting state shared revenues to be $6.7M at the end of the year.      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  58% of the total revenue in this category.  The year‐to‐date total charges for services are $3M or 31% of the budget.  The  following sections provide detail information for Public Safety, Recreation, and Interfund Services.    Public Safety Services    YTD Total: $390K  Year‐to‐Year YTD Variance:             ‐$37K, ‐9%  Actual‐to‐Budget YTD Variance:  $73K, 23%    The city is projecting public  safety service revenues to be  close to $1M by the end of the  year.            Intergovernmental 2018 2019 Bgt YTD Act Change  2019/2018  2019 Act  vs  Bgt  Fire  District #25 ‐$                            ‐$                            ‐$                            ‐$                            N/A  $                          ‐ N/A Fire  District #40 178,830            186,030            186,030            7,200                   4%‐                            0% State  Shared Revenue 2,116,409        2,032,208        2,258,149        141,740             7% 225,942          11% Federal  Grants 497                       4,401                  2,940                  2,443                   491% (1,461)                ‐33% State  Grants 15,271               21,596               21,596               6,325                   41%‐                            0% Other Grants/Intgovt 88,707               211,763            211,920            123,213             139% 156                     0% ARRA Grants ‐                               ‐                               ‐                               ‐                               N/A ‐                            N/A Total  Rev YTD 2,399,715$     2,455,998$     2,680,635$     280,920$          12%224,637$        9% Total  Rev Annual 7,680,968$     7,744,703$      YTD  % 31% 32% 35% Note:  Includes  CJ Sales  Tax  and FD25 & FD40 contracts 2018 2019 2019 Actual Budget Actual $ % $ % Crim Just Sales  Tax 961,428$         905,823$         1,020,647$     59,219$            6% 114,824$         13% Judicial Contribution 5,517                  2,815                  10,830               5,313                  96% 8,015                  285% Crim Just ‐ High Crime 136,534            134,686            147,980            11,447               8% 13,294               10% Crim Just ‐ Pop 14,555               12,090               15,185               630                       4% 3,095                  26% Crim Just ‐ Spec  Prog 52,729               54,012               54,774               2,045                  4% 763                       1% State  DUI 7,592                  8,917                  7,571                  (21)                        0% (1,346)                  ‐15% Marijuana  Distribution ‐                        ‐                        52,766               52,766               100% 52,766               100% Liquor Profits 212,768            212,547            212,201            (567)                     0% (346)                     0% Liquor Excise  Tax 259,876            246,897            285,257            25,381               10% 38,360               16% Fuel Tax 465,411            454,421            450,938            (14,474)              ‐3% (3,483)                  ‐1% YTD Total 2,116,409$     2,032,208$     2,258,149$     141,740$         7% 225,942$         11% Annual  Total 6,710,599$     6,182,479$      2019 vs. Budget State Shared Revenues 2019 vs. 2018 Revenue Year  to Date through April 2018 2019 2019 Actual Budget Actual $ % $ % Jan 224,932$         118,906$         68,958$            (155,975)$        ‐69% (49,949)$            ‐42% Feb 60,888               53,255               132,287            71,398               117% 79,032               148% Mar 82,789               95,130               82,273               (515)                      ‐1% (12,856)               ‐14% Apr 58,572               49,301               106,334            47,762               82% 57,034               116% May 77,233               57,962               ‐                         Jun 84,800               52,671               ‐                         Jul 92,695               62,686               ‐                         Aug 50,236               44,525               ‐                         Sep 78,189               54,283               ‐                         Oct 187,194            98,316               ‐                         Nov 68,008               59,896               ‐                         Dec 142,886            93,904               ‐                         YTD  Total 427,181$         316,591$         389,851$         (37,330)$           ‐9% 73,260$            23% Annual Total 1,208,422$     840,835$          Year  to Date through April Public Safety Services 2019 vs. 2018 2019 vs. Budget Month City of Renton, Washington Page 7 of 15 Monthly Financial Report April 2019        Recreation    Current Month Actual: $76K  YTD Total: $318K  Budgeted YTD: $366K  Prior Year Same Month: $70K  Prior Year YTD Total: $316K  Year‐to‐Year Monthly Variance:  $5K, 7%  Year‐to‐Year YTD Variance:             $2K, 1%  Actual‐to‐Budget Monthly  Variance: ‐$7K, ‐8%  Actual‐to‐Budget YTD Variance: ‐ $49K, ‐13%    The new recreation software,  PerfectMind, follows GAAP revenue recognition principles where revenue is not recognized until the service is performed,  whereas the previous software recognized all revenue at the date of the transaction.  As a result, actual revenue for 2019  will likely lag behind 2018 amounts as revenue for course programming will not fully be recognized until each session of the  program occurs.  The City is projecting recreation revenues to be under budget by the end of the year.      Interfund Services    YTD Total: $366K  Year‐to‐Year YTD Variance:            $6K, 0%  Actual‐to‐Budget YTD Variance:   ‐$195K, ‐12%    2019’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.  The City is projecting interfund  service revenues to be $4.2M at year‐end.      2018 2019 2019 Actual Budget Actual $ % $ % Jan 138,388$         164,609$         63,819$            (74,569)$            ‐54% (100,790)$        ‐61% Feb 51,694               51,039               81,045               29,351               57% 30,006               59% Mar 55,300               68,349               97,206               41,907               76% 28,858               42% Apr 70,321               82,168               75,539               5,219                  7% (6,628)                  ‐8% May 82,814               94,662               ‐                         Jun 191,108            194,998            ‐                         Jul 419,790            510,833            ‐                         Aug 313,627            394,016            ‐                         Sep 76,421               119,972            ‐                         Oct 72,092               68,624               ‐                         Nov 37,924               54,491               ‐                         Dec (104)                     25,954               ‐                         YTD  Total 315,703$         366,164$         317,610$         1,907$               1% (48,555)$            ‐13% Annual Total 1,509,375$     1,829,714$      Recreation Year  to Date through April 2019 vs. Budget2019 vs. 2018 Month 2018 2019 2019 Actual Budget Actual $ % $ % Jan 341,804$         399,551$         355,266$         13,461$            4% (44,286)$            ‐11% Feb 344,339            399,551            340,799            (3,540)                  ‐1% (58,752)               ‐15% Mar 378,470            399,551            341,533            (36,937)               ‐10% (58,018)               ‐15% Apr 332,894            399,551            365,875            32,981               10% (33,677)              ‐8% May 328,765            399,551            ‐                         Jun 320,735            399,551            ‐                         Jul 236,427            399,551            ‐                         Aug 313,949            399,551            ‐                         Sep 314,193            399,551            ‐                         Oct 330,901            399,551            ‐                         Nov 332,981            399,551            ‐                         Dec 324,948            399,551            ‐                         YTD  Total 1,397,508$     1,598,206$     1,403,473$     5,965$               0% (194,733)$        ‐12% Annual Total 3,900,407$     4,794,617$      Interfund Services Year  to Date through April 2019 vs. 2018 2019 vs. Budget Month City of Renton, Washington Page 8 of 15 Monthly Financial Report April 2019      Fines and Penalties    YTD Total: $1.6M  Year‐to‐Year YTD Variance:  $744K, 91%  Actual‐to‐Budget YTD Variance:  $578K, 59%    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 City is  projecting fines and penalties to  be close to $5M by the end of  the year.    Year  to Date through April 2018 2019 2019 Actual Budget Actual $ % $ % Civil Penalties 409$                    687$                    486$                    77$                       19% (201)$                   ‐29% Civil Infraction Penalties 93,252               91,518               101,133            7,881                  8% 9,615                  11% Civil Parking Infraction Penalties 46,426               75,841               57,619               11,192               24% (18,223)               ‐24% Photo Enforcement  Program 593,336            724,857            1,286,638        693,302            117% 561,781            78% Criminal Traffic  Misdemeanor Fines 19,655               21,242               23,405               3,750                  19% 2,162                  10% Criminal Non‐Traffic  Fines 28,520               10,026               42,662               14,141               50% 32,636               326% Criminal Costs 25,745               6,938                  36,590               10,846               42% 29,652               427% Non‐Court Fines, Forfeitures  and Penalties 9,141                  51,512               11,695               2,554                  28% (39,817)               ‐77% YTD  Total 816,484$         982,621$         1,560,228$     743,743$         91% 577,607$         59% Annual  Total 4,273,192$     4,407,750$      Revenue 2019 vs. Budget Fines  and Penalties by Type 2019 vs. 2018     Included in the Fines and Penalties annual  revenue budget is $3.4M 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 $1.3M.      The associated costs includes the equipment  provided by American Traffic Solutions, Inc.  (ATS), dedicated 2 FTE in the Court Services  Department to process the increased  caseload.  This staff time, along with a 50%  pro tem budget and interpreter costs  amounts to $334K for personnel costs.  The  total costs for the program equates to $1.5M,  which is represented in the table.        2018 2019 2019 Actual Budget Actual $ % $ % Jan 141,625$         178,864$         218,190$         76,565$            54% 39,326$            22% Feb 224,814            265,241            341,345            116,531            52% 76,104               29% Mar 312,111            309,356            555,275            243,163            78% 245,919            79% Apr 137,934            229,161            445,418            307,484            223% 216,257            94% May 230,762            278,733             Jun 235,311            325,296             Jul 451,443            428,149             Aug 624,200            550,932             Sep 461,645            419,044             Oct 582,058            530,312             Nov 465,852            432,399             Dec 405,436            460,264             YTD  Total 816,484$         982,621$         1,560,228$     743,743$         91% 577,607$         59% Annual Total 4,273,192$     4,407,750$      2019 vs. Budget2019 vs. 2018 Year  to Date through April Fines  and Penalties by Month Month Favorable 19 Budget 19 Actual 19  Budget 19 Actual (Unfavorable) 1 Jan 162,639$         214,193$         125,844$         28,745$            185,448$          Feb 187,840            285,643            125,844            128,014            157,629             Mar 199,988            399,499            125,844            128,001            271,498             Apr 174,391            387,303            125,844            128,011            259,292             May 212,936             ‐                        125,844             ‐                        ‐                         Jun 231,485            ‐                        125,844            ‐                        ‐                         Jul 349,711            ‐                        125,844            ‐                        ‐                         Aug 442,497            ‐                        125,844            ‐                        ‐                         Sep 341,229            ‐                        125,844            ‐                        ‐                         Oct 439,665            ‐                        125,844            ‐                        ‐                         Nov 354,895            ‐                        125,844            ‐                        ‐                         Dec 334,129            ‐                        125,844            ‐                        ‐                         YTD  Total 724,857$         1,286,638$     503,374$         412,771$         873,867$          Annual  Total 3,431,405$     1,510,123$      1Actuals  of Revenues and Expenses ExpensesRevenues Photo Enforcement  Program Year  to Date through April Month City of Renton, Washington Page 9 of 15 Monthly Financial Report April 2019      Miscellaneous    YTD Total: $942K  Year‐to‐Year YTD Variance:  $198K, 27%  Actual‐to‐Budget YTD Variance:  $363K, 63%    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 table below  shows the primary drivers of the  positive variances for each  month.    2018 2019 2019 Actual Budget Actual $ % $ % Interests and Other Earnings 328,350$         209,328$         448,164$         119,814$         36% 238,836$         114% Rents, Leases, and Concessions 255,395            216,012            275,890            20,494               8% 59,878               28% Contributions/Donations  from  Private Sources 49,265               42,927               98,286               49,022               100% 55,359               129% Other 94,426               111,142            99,641               5,215                  6% (11,501)               ‐10% Seizure  Funds  ‐ Federal/State/Local 16,733               ‐                        20,280               3,548                  21% 20,280               100% YTD  Total 744,168$         579,409$         942,262$         198,093$         27% 362,853$         63% Annual  Total 2,666,594$     1,805,787$      2019 vs. Budget Miscellaneous  Revenues  by Type Year  to Date through April Revenue 2019 vs. 2018   2018 2019 2019 Actual Budget Actual $ % $ % Jan 262,690$         224,737$         299,507$         36,817$            14% 74,770$            33% Feb 150,608            105,310            254,172            103,564            69% 148,862            141% Mar 178,170            126,975            195,180            17,010               10% 68,206               54% Apr 152,700            122,387            193,402            40,702               27% 71,015               58% May 386,715            115,748             Jun 193,674            146,379             Jul 221,279            169,055             Aug 275,725            179,979             Sep 164,873            124,092             Oct 200,817            125,836             Nov 174,068            112,093             Dec 305,276            253,195             YTD  Total 744,168$         579,409$         942,262$         198,093$         27% 362,853$         63% Annual Total 2,666,594$     1,805,787$      Year  to Date through April Month 2019 vs. Budget2019 vs. 2018 Miscellaneous  Revenues  by Month City of Renton, Washington Page 10 of 15 Monthly Financial Report April 2019      EXPENSES  Overall, the City has expended 27.8% of its budgeted general governmental expenditures at the end of April.  This is $890K  or 2.8% below year‐to‐date budgeted expenditures.  See below for summary of unfavorable items for general governmental  departments.      Executive (includes Emergency Management) is over the year‐to‐date budget by $3K or 0.3%.  This is primarily due to over  spending on court public defenders contract and the timing of when large membership and dues were paid compared to the  prior years.  We will adjust the court public defenders budget to be more aligned with the new contract in the 2019 2nd  Quarter Budget Amendment.    Public Works (Admin, Street Maintenance and Transportation) is over the year‐to‐date budget by $8K or 0.2%.  This is  primarily due to vacancies (savings) and overspending on the year‐to‐date budget of signal, sign, and marking supplies.  The  overall overage should correct itself by year‐end.                                                                           City of Renton, Washington Page 11 of 15 Monthly Financial Report April 2019      ENTERPRISE FUNDS  The table below gives an analysis of all City Enterprise funds.  Displayed are the year‐to‐date revenues and expenditures for  each enterprise.  Included in each funds are the capital revenues and expenditures.  The negative fund balance for Golf Course  will be positive during the spring and summer months.    Airport Golf Course Solid Waste  Utility Water Utility Wastewater  Utility Surface Water  Utility Metro REVENUES: Licenses  and permits ‐                  ‐                 ‐                 ‐                 36,525            12,550            ‐                  Grants  / intergovernmental 49,750            ‐                 167,153          ‐                 ‐                 676,884          ‐                  Charges  for services 94,482            384,594          6,229,335       4,965,085       3,608,874       4,073,386       5,691,382        Interdepartmental services ‐                 ‐                 ‐                 ‐                 ‐                 ‐                 ‐                  Fines  and penalties ‐                 ‐                 ‐                 ‐                 176                 ‐                 ‐                  Rents, leases, and misc fees 872,633          84,919            ‐                 65,289            ‐                 ‐                 ‐                  Interest and other misc 25,956            3,763              13,198            386,869          229,284          135,894          32,327             TOTAL REVENUES 1,042,821       473,276          6,409,686       5,417,243       3,874,859       4,898,714       5,723,709        EXPENSES: Utility billing ‐                  ‐                 14,141            51,230            42,147            63,078             ‐                  Utility systems ‐                 ‐                 5,141,913       1,407,136       1,258,758       1,165,186       ‐                  Utility maintenance ‐                 ‐                 128,516          1,913,396       679,424          1,036,213       5,616,839        Transportation 626,833          ‐                 ‐                 ‐                 ‐                 ‐                 ‐                  Golf ‐                 717,075          ‐                 ‐                 ‐                 ‐                 ‐                  TOTAL EXPENSES 626,833          717,075          5,284,570       3,371,762       1,980,329       2,264,477       5,616,839        AMOUNT AVAILABLE FOR DEBT  SERVICE 415,988          (243,799)        1,125,116       2,045,481       1,894,530       2,634,237       106,870           DEBT SERVICE: Principal ‐                  ‐                 ‐                 ‐                 ‐                 ‐                 ‐                  Interest ‐                 ‐                 ‐                 ‐                 ‐                 173,336          ‐                  TOTAL DEBT SERVICE ‐                 ‐                 ‐                 ‐                 ‐                 173,336          ‐                  CAPITAL PROJECTS 8,957              14,140            ‐                 1,254,638       1,019,607       879,412          ‐                  TRANSFERS IN/(OUT)‐                 ‐                 ‐                 ‐                 27,588            ‐                 ‐                  CHANGE IN FUND BALANCE 407,031          (257,939)        1,125,116       790,843          902,511          1,581,489       106,870           BEGINNING FUND BALANCE, Jan 1 4,985,377       110,812          2,276,333       38,002,973     18,879,201     16,356,030     5,512,418        ENDING FUND BALANCE, Apr 30 5,392,408       (147,127)        3,401,449       38,793,816     19,781,712     17,937,519     5,619,288              City of Renton, Washington Page 12 of 15 Monthly Financial Report April 2019      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 ‐               109,794        ‐               ‐                       ‐               ‐               ‐                Grants  / intergovernmental ‐               ‐               ‐               ‐                       ‐               ‐               35,898          Charges  for services Equipment rental  m&o 809,199       1,650,985    ‐               ‐                       ‐               ‐               ‐                Print and mail ‐               ‐               ‐               148,956               ‐               ‐               ‐                Communications ‐               1,462           ‐               219,284               ‐               ‐               ‐                Facilities ‐               ‐               1,444,773    ‐                       ‐               ‐               ‐                Data  cards  and cell  phones ‐               ‐               ‐               ‐                       ‐               ‐               ‐                IT service contracts ‐               ‐               ‐               ‐                       ‐               ‐               ‐                Interest and other misc 32,110         19,360         6,969           3,331                   90,145         22,194         69,210          Internal service fund misc: Vehicle  / equipment capital  recovery 990,524       ‐               ‐               ‐                       ‐               ‐               ‐                Insurance premiums ‐               ‐               ‐               ‐                       562,881       ‐               ‐                Worker's  comp/unemployment ‐               ‐               ‐               ‐                       459,852       ‐               ‐                Benefit premiums ‐               ‐               ‐               ‐                       ‐               3,363,089    874,892        Other misc 4,332           650              49,419         ‐                       ‐               336,264       ‐                Interfund Loan ‐               ‐               ‐               ‐                       ‐               ‐               ‐                Capital  contributions ‐               ‐               ‐               ‐                       ‐               ‐               ‐                Disposal  of capital  assets 4,186           ‐               ‐               ‐                       ‐               ‐               ‐                Insurance recoveries ‐               ‐               ‐               ‐                       81,989         ‐               ‐                TOTAL REVENUES 1,840,351    1,782,251    1,501,161    371,571               1,194,867    3,721,547    980,000        EXPENSES: Communications 206,048                Equipment rental 915,281        Facilities 1,672,702     Healthcare 3,017,114     Information technology 1,735,318     Print and mail 166,949                Retiree healthcare 248,355        Risk management: Risk management 561,980        Unemployment 22,347          Worker's  compensation 292,556        TOTAL EXPENSES 915,281       1,735,318    1,672,702    372,997               876,883       3,017,114    248,355        AMOUNT AVAILABLE FOR CAPITAL 925,070       46,933         (171,541)      (1,426)                  317,984       704,433       731,645        CAPITAL PROJECTS 572,925       39,983         17,182         ‐                       ‐               ‐               ‐                TRANSFERS IN ‐               33,656         12,389         ‐                       ‐               ‐               ‐                TRANSFERS (OUT)‐               ‐               (5,220)          ‐                       ‐               ‐               ‐                CHANGE  IN FUND BALANCE 352,145       40,606         (181,555)      (1,426)                  317,984       704,433       731,645        BEGINNING FUND BALANCE, Jan 1 6,493,018    3,934,408    1,376,859    685,593               18,522,154  4,259,511    13,876,628   ENDING FUND BALANCE, Apr 30 6,845,163    3,975,014    1,195,304    684,167               18,840,138  4,963,944    14,608,273     City of Renton, Washington Page 13 of 15 Monthly Financial Report April 2019      FUND BALANCE  Page 15 shows the ending fund balance as of April 2019.  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 April, the City has $54.2M reported in the combined general governmental fund balance of the current year’s  operating budget, which is approximately 49.1% of budgeted operating expenditures.  This is an increase of $8M from the  year’s beginning balance.  April’s ending fund balance is over the anticipated General Governmental Fund Balance of $48M  by $6.3M or 13.1%.  Although the ending fund balance is above projections, it is consistent with the prior years’ trends and  consistent with the forecast (Long Range Plan) that was presented as part of the 2019/2020 Adopted Budget.      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 kroller@rentonwa.gov.  City of Renton, Washington Page 14 of 15 Monthly Financial Report April 2019      City  of Renton All Funds ‐ Revenue, Expenditures and Fund  Balances Cash  Basis through April 30, 2019 Funds Balance  01/01/2019 Budgeted  Revenue Revenue  04/30/19 Total Funds   Available Budgeted  Expenditure Expenditure  04/30/19 Ending Balance GENERAL FUND: 46,198,341          106,681,205        38,661,863          84,860,204          110,358,241        30,627,451          54,232,753           SPECIAL REVENUE FUNDS: 2,527,377            1,880,224            780,860               3,308,237            2,287,870            352,993               2,955,244             102 Arterial  Street 163,671               700,000               213,396               377,067               700,000                ‐                           377,067                108 Leased City Properties 651,819               842,550               337,192               989,011               1,007,970            212,812               776,199                110 Hotel  Motel 722,387               225,000               142,427               864,814               406,547               75,184                 789,630                125 1% For Art 119,446               15,000                 584                      120,030               67,679                 50,683                 69,347                  127 Cable  Communication 529,159               97,674                 85,595                 614,754               105,674               14,314                 600,440                135 Springbrook Wetlands  Bank 340,895               ‐                           1,666                   342,561               ‐                           ‐                           342,561                CAPITAL PROJECT FUNDS (CIP):40,766,600          41,665,286          25,212,113          65,978,713          68,558,358          5,282,079            60,696,634           303 Community Services  Mitigation 2,578,256            86,500                 117,350               2,695,606            1,629,000            ‐                           2,695,606             304 Fire  Mitigation 1,455,669            99,000                 44,877                 1,500,546            128,576               ‐                           1,500,546             305 Transportation Mitigation 3,332,524            1,020,000            243,230               3,575,754            1,950,000            ‐                           3,575,754             316 Municipal Facilities  CIP 20,675,238          5,682,500            15,412,420          36,087,658          26,314,513          3,833,468            32,254,190           317 Transportation CIP 5,492,313            34,777,286          9,321,373            14,813,686          38,488,869          1,346,520            13,467,166           326 Housing Opportunity 2,582,203            ‐                           12,638                 2,594,841            47,400                 23,131                 2,571,710             336 New Library Development 456,591               ‐                           2,219                   458,810               ‐                           ‐                           458,810                346 New Family First Center Dvlpmnt 4,193,806            ‐                           58,006                 4,251,812            ‐                           78,960                 4,172,852             ENTERPRISE FUNDS:86,123,144          93,422,362          27,892,662          114,015,806        146,260,193        23,236,742          90,779,064           4X2 Airport Operating & CIP 4,985,377            3,573,435            1,042,820            6,028,197            7,638,469            635,791               5,392,406             403 Solid Waste  Utility 2,276,333            19,505,719          6,409,686            8,686,019            19,341,752          5,284,570            3,401,449             4X4 Golf Operating & CIP 110,812               2,445,053            497,276               608,088               2,346,727            755,215               (147,127)               4X5 Water Operating & CIP 38,002,973          18,841,192          5,417,243            43,420,216          48,759,844          4,626,400            38,793,816           4X6 Waste  Water Operating & CIP 18,879,201          11,582,615          3,903,215            22,782,416          24,716,488          3,000,703            19,781,713           416 King County Metro 5,512,418            16,922,613          5,723,709            11,236,127          16,922,613          5,616,839            5,619,288             4X7 Surface Water Operating & CIP 16,356,030          20,551,735          4,898,713            21,254,743          26,534,300          3,317,224            17,937,519           INTERNAL SERVICE FUNDS: 49,148,171          35,746,176          11,437,792          60,585,963          40,081,327          9,473,959            51,112,004           501 Equipment Repair/Replacement 6,493,018            7,689,395            1,840,350            8,333,368            9,024,476            1,488,206            6,845,162             502 Insurance 18,522,154          3,343,143            1,194,868            19,717,022          4,214,868            876,883               18,840,139           503 Information Services 3,934,408            6,044,888            1,815,907            5,750,315            7,545,964            1,775,301            3,975,014             504 Facilities 1,376,859            5,293,899            1,513,549            2,890,408            5,562,085            1,695,104            1,195,304             505 Communications 685,593               1,105,816            371,571               1,057,164            1,100,667            372,996               684,168                512 Insurance, Healthcare 4,259,511            11,027,762          3,721,547            7,981,058            11,655,086          3,017,114            4,963,944             522 Insurance, Leoff1 Retirees HC 13,876,628          1,241,273            980,000               14,856,628          978,181               248,355               14,608,273           FIDUCIARY FUNDS:7,146,983            468,000               30,530                 7,177,513            210,475               68,015                 7,109,498             611 Firemen's  Pension 7,146,983            468,000               30,530                 7,177,513            210,475               68,015                 7,109,498             TOTAL  FUNDS 231,910,616     279,863,253     104,015,820     335,926,436     367,756,464     69,041,239       266,885,197      City of Renton, Washington Page 15 of 15