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h:\finance\financial reporting\monthly reports\2019 reports\cover 0719.docx
ADMINISTRATIVE SERVICES
M E M O R A N D U M
DATE: September 30, 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: Misty Baker, Sr. Finance Analyst
SUBJECT: July 2019 Financial Status Report
At the end of July, general governmental revenues show $3.9M or 5.5% over budget.
Revenue source(s) that are higher than expected are:
sales tax ‐ $269K (pg 3)
state shared revenues ‐ $789K (pg 9)
business & occupation taxes ‐ $937K (pg 6)
gambling taxes ‐ $505K (pg 5)
public safety services ‐ $113K (pg 9)
interest & other earnings ‐ $375K (pg 12)
fines and penalties (including photo enforcement) ‐ $679K (pg 11)
real estate excise tax ‐ $960K (pg 4)
business licensing ‐ $369K (pg 6)
other miscellaneous ‐ $241K (pg 12)
On the down side, the revenue source(s) that are underperforming the year to date
budget are:
utility taxes ‐ $391K (pg 4)
building permits & development service fees ‐ $432K (pg 7)
culture and recreation ‐ $380K (pg 10)
interfund services ‐ $413K (pg 10)
General government expenditures showed a favorable variance of $2.8M or 4.1%. See
page 13 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 x6869 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 30, 2019
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Page 1 of 17
General Governmental Funds
$%
Beginning Fund Balance 24,413,781$ 24,413,781$ 31,534,619$ 31,534,619$ 44,542,987$ 44,542,987$ 44,542,987$ ‐ 0.0%
OPERATING REVENUES
Property Tax 19,714,626 10,181,000 17,838,993 7,776,766 20,885,254 11,040,072 11,126,587 86,514 0.8%
Sales Tax 26,331,634 15,077,171 28,428,635 16,055,715 27,684,069 15,628,276 15,896,890 268,614 1.7%
Sales Tax ‐ Annexation Credit/LRF 3,123,230 1,787,122 1,619,553 1,619,553 ‐ ‐ ‐ ‐ 0.0%
Criminal Justice Sales Tax 2,808,564 1,563,288 3,091,020 1,716,893 2,886,744 1,605,036 1,822,439 217,403 13.5%
Natural Gas Use Tax 180,456 115,435 141,408 99,575 180,000 126,751 159,782 33,031 26.1%
Admission Tax 223,157 175,220 225,466 114,654 250,000 161,535 146,180 (15,355) ‐9.5%
Franchise Fees 1,562,100 1,137,272 1,508,915 1,127,328 1,526,500 1,125,658 1,098,582 (27,076) ‐2.4%
Electricity Tax 5,721,366 3,464,919 5,592,795 3,158,394 5,559,113 3,254,306 3,231,954 (22,353) ‐0.7%
Natural Gas Utility Tax 1,630,375 1,178,692 1,446,693 1,377,309 1,400,000 1,162,925 947,208 (215,717) ‐18.5%
Garbage/Solid Waste Tax 627,254 356,201 743,003 427,686 680,000 389,010 471,369 82,359 21.2%
TV Cable Tax 1,651,405 940,824 1,525,625 876,165 1,678,736 960,093 837,440 (122,653) ‐12.8%
Telephone Tax 866,519 564,873 830,975 516,347 692,674 441,199 527,569 86,369 19.6%
Cellular Phone Tax 1,481,298 940,094 1,159,489 764,817 1,551,630 1,001,743 447,866 (553,877) ‐55.3%
City Utilities Tax 4,840,530 2,847,704 4,925,046 2,919,110 4,500,000 2,657,361 2,979,389 322,028 12.1%
Leasehold Excise Tax 173,396 88,358 189,427 89,479 179,000 87,737 85,775 (1,961) ‐2.2%
Gambling Excise Tax 2,695,368 1,533,322 2,831,045 1,717,847 2,000,000 1,176,593 1,681,463 504,870 42.9%
Real Estate Excise Tax ‐ ‐ ‐ ‐ 4,000,000 2,139,831 3,099,948 960,117 44.9%
B&O Tax 9,633,034 7,345,843 10,689,216 9,019,798 8,000,000 6,750,578 7,687,774 937,196 13.9%
Less: CIP B&O Tax (2,473,974) (2,473,974) (1,379,314) (1,379,314) ‐ ‐ ‐ ‐ 0.0%
Business License Fees 1,480,730 978,068 1,037,650 940,773 695,455 508,855 877,361 368,505 72.4%
Less: CIP Business License Fees (614,796) (431,193) (356,629) (355,760) ‐ ‐ ‐ ‐ 0.0%
Animal Licenses and Spec Events Permits 140,391 97,159 119,901 82,264 94,174 58,903 83,536 24,633 41.8%
Building Permits & Development Svc Fees 4,907,983 2,880,611 4,650,227 2,873,173 5,223,637 3,144,859 2,712,739 (432,120) ‐13.7%
Intergovt'l (Grants, State Shared, etc) 4,210,533 2,192,414 4,162,854 2,277,765 4,744,483 2,203,425 2,774,740 571,314 25.9%
Public Safety 837,728 510,274 1,208,422 681,910 840,835 489,910 603,195 113,285 23.1%
Culture and Recreation 1,722,323 1,051,172 1,509,375 1,009,414 1,834,691 1,169,831 789,716 (380,114) ‐32.5%
Interfund/Interdept‐Services 3,916,334 2,329,831 3,900,407 2,283,435 4,794,617 2,796,860 2,384,004 (412,856) ‐14.8%
Fines and Penalties 822,450 418,902 810,152 428,510 976,345 495,810 394,573 (101,237) ‐20.4%
Photo Enforcement 2,124,399 1,167,915 3,463,040 1,305,491 3,431,405 1,518,989 2,299,342 780,353 51.4%
Seizure Funds ‐ Federal/State/Local 176,503 159,974 349,134 245,561 ‐ ‐ 43,600 43,600 100.0%
Interests and Other Earnings 1,127,373 475,831 1,143,478 604,668 830,000 393,102 768,020 374,918 95.4%
Rents, Leases, and Concessions 1,833,790 1,113,526 1,721,024 1,113,525 1,415,245 933,959 1,041,709 107,750 11.5%
Contributions and Donations 177,919 98,558 197,221 86,625 151,970 75,018 119,856 44,838 59.8%
Other Miscellaneous 954,690 505,456 708,768 392,768 753,987 417,422 658,896 241,474 57.8%
Other Financing Sources (Transfer‐In, etc) 124,517 97,726 (282,188) 13,000 12,962,782 6,130,641 6,130,641 ‐ 0.0%
Total Operating Revenues 104,733,207 60,469,590 105,750,828 61,981,243 122,403,346 70,046,287 73,930,142 3,883,855 5.5%
OPERATING EXPENDITURES
Council 362,101 216,595 377,512 221,457 414,410 245,444 215,879 29,565 12.0%
Executive 1,954,748 1,110,100 2,073,371 1,173,506 2,658,306 1,507,037 1,431,524 75,513 5.0%
Emergency Management 569,333 314,737 590,655 343,115 703,487 398,961 332,293 66,668 16.7%
City Attorney 2,088,718 1,211,095 2,216,692 1,281,888 2,393,230 1,385,764 1,348,018 37,746 2.7%
Court Services 2,174,217 1,252,041 2,222,633 1,308,186 2,657,710 1,547,549 1,375,877 171,672 11.1%
Community and Eco Dvlpmnt Admin 1,351,830 781,490 1,347,568 785,314 1,595,626 926,145 833,224 92,921 10.0%
Development Services 3,023,728 1,806,056 3,032,130 1,703,575 3,433,532 1,989,880 1,802,082 187,798 9.4%
Economic Development 949,467 490,157 833,055 404,143 2,255,127 1,131,407 534,115 597,292 52.8%
Planning 2,815,148 1,570,361 3,022,122 1,714,367 3,346,673 1,883,228 1,727,439 155,789 8.3%
Finance 3,132,609 1,565,684 3,427,262 1,720,649 3,606,382 1,806,709 1,743,804 62,905 3.5%
City Clerk 1,093,072 664,329 1,236,228 829,257 1,301,087 834,279 795,245 39,034 4.7%
Human Resources 1,221,841 699,070 1,268,733 734,589 1,550,649 892,606 808,288 84,318 9.4%
Police 30,987,047 17,951,276 33,764,563 18,680,299 36,985,051 20,924,438 20,433,583 490,855 2.3%
Jail Services 4,807,443 2,803,574 5,970,673 3,483,758 6,239,267 3,363,561 3,363,561 ‐ 0.0%
Community Services Admin 1,421,803 678,006 1,522,994 751,375 1,577,176 765,549 704,171 61,378 8.0%
Parks & Trails 4,926,587 2,625,262 5,026,203 2,763,478 5,411,908 2,930,178 2,907,795 22,383 0.8%
Parks Planning & Natural Resources 1,059,058 554,297 1,114,153 604,217 2,495,194 1,330,160 822,341 507,820 38.2%
Recreation & Neighborhoods 6,152,644 3,363,669 6,280,121 3,344,682 6,507,457 3,514,054 3,529,518 (15,465) ‐0.4%
Human Services 1,634,387 754,865 1,421,280 829,262 1,507,974 781,768 788,542 (6,774) ‐0.9%
Museum 235,712 135,354 245,590 143,077 252,298 145,953 149,027 (3,074) ‐2.1%
Public Works Admin 406,781 237,592 417,786 248,162 425,954 250,930 248,487 2,443 1.0%
Street Maintenance 5,603,141 3,319,755 5,676,989 3,166,956 5,894,373 3,389,597 3,292,059 97,538 2.9%
Transportation 5,368,887 2,953,908 5,550,779 3,201,311 6,194,559 3,491,761 3,418,505 73,256 2.1%
Non‐Departmental and Other 14,245,763 1,892,140 4,064,656 1,762,393 31,298,207 13,464,089 13,464,089 ‐ 0.0%
Total Operating Expenditures 97,612,369 48,967,203 92,742,459 51,215,163 130,745,636 68,920,695 66,085,732 2,834,963 4.1%
Total Ending Fund Balance 31,534,619$ 35,916,169$ 44,542,987$ 42,300,698$ 36,200,697$ 45,668,579$ 52,387,397$ 6,718,818$ 14.7%
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 July 2019
Monthly Financial Report City of Renton, Washington July 2019
Page 2 of 17
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through July 31, 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 funds
revenues and expenditures.
Beginning in July some changes were made that will affect the comparability of this report to prior reports. Those changes
are summarized as follows:
The debt service funds have been removed from the general governmental funds and the leased city properties fund
has been added to the general governmental funds. These changes were made to bring the budgetary fund structure
in line with the GAAP reporting fund structure.
The practice of allocating property taxes, B&O tax, and REET revenues across multiple funds has been discontinued.
100% of these revenues are now recognized in the general fund and transfers will be processed to the other funds
for the portion of revenues previously allocated. This change was made to bring our accounting practices in line with
current best practices.
REVENUES
Taxes
The combined collection of property, sales/use, utility, gambling, admissions, real estate excise, and business & occupation
taxes represents 71% of all resources supporting general governmental activities. The following section provides detail
information on property, sales, utility, and other taxes.
Property Tax
The 2019 property tax levy is $878K more than 2018, which comprises the majority of increased collections over the prior
year. Also included in 2019 revenue are some collections of previous years’ property taxes that were not collected in the year
they were levied. Year‐to‐date collections are 1% higher than budget. The City is projecting property tax revenues to be
slightly over $21M by the end of the year.
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 2,852,933 433,008 18%(440,187) ‐13%
Jun 108,842 113,280 66,419 (42,423) ‐39% (46,861) ‐41%
Jul 90,072 76,102 52,146 (37,926) ‐42% (23,956) ‐31%
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 10,286,562$ 11,040,072$ 11,126,587$ 840,025$ 8% 86,514$ 1%
Annual Total 19,463,461$ 20,885,254$
Property Tax Revenues
Year to Date through July
2019 vs. 2018 2019 vs. Budget
Month
Monthly Financial Report City of Renton, Washington July 2019
Page 3 of 17
Sales Tax
While sales tax revenues have declined 1% from 2018, New Construction, Auto Sales, Manufacturing, Wholesale, and Service
sectors are generating and collecting more sales tax revenue than anticipated. The City is projecting sales tax revenues to be
about $28.2M by the end of the year.
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 2,461,963 (44,515) ‐2%32,466 1%
Jun 1,997,751 2,105,242 2,060,512 62,761 3%(44,730) ‐2%
Jul 2,385,665 2,245,590 2,342,886 (42,779) ‐2%97,296 4%
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 16,055,715$ 15,628,276$ 15,896,890$ (158,824)$ ‐1%268,614$ 2%
Annual Total 28,428,635$ 27,684,069$
2019 vs. Budget2019 vs. 2018
Month
Year to Date through July
Local Retail Sales Tax Revenues
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 2,595,496$ 2,201,865$ 2,278,670$ (316,826)$ ‐12% $ 76,805 3%
Auto Sales 2,925,929 2,933,693 2,981,522 55,593 2% 47,830 2%
General Retail 4,477,062 4,589,218 4,549,613 72,551 2% (39,605)‐1%
Manufacturing 1,045,621 1,133,140 1,170,034 124,413 12% 36,894 3%
Wholesale 780,600 797,136 859,888 79,288 10% 62,752 8%
Service 3,838,744 3,564,706 3,672,262 (166,482) ‐4% 107,556 3%
Other 392,262 408,518 384,901 (7,361) ‐2% (23,617)‐6%
YTD Total 16,055,715$ 15,628,276$ 15,896,890$ (158,824)$ ‐1%268,614$ 2%
Note: Excludes Annexation Credit and Criminal Justice Sales Tax revenue.
Monthly Financial Report City of Renton, Washington July 2019
Page 4 of 17
Utility tax
Utility tax revenues are underperforming in comparison to both 2018 and budget. Taxpayer changes to their method of
accounting for data charges (non‐taxable) has resulted in decreased taxable activity for cellular utilities. The City is projecting
utility tax revenues to be about $15.6M by the end of the year.
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 1,319,389 (95,567) ‐7% (86,059) ‐6%
Jun 1,269,602 1,282,448 1,200,729 (68,873) ‐5% (81,719) ‐6%
Jul 1,398,960 1,415,513 1,352,732 (46,228) ‐3% (62,781) ‐4%
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 10,139,403$ 9,993,389$ 9,602,577$ (536,826)$ ‐5% (390,812)$ ‐4%
Annual Total 16,365,034$ 16,242,153$
2019 vs. Budget2019 vs. 2018
Year to Date through July
Utility Tax Revenues
Month
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 3,158,394$ 3,254,306$ 3,231,954$ 73,560$ 2% $ (22,353)‐1%
Natural Gas 1,476,884 1,289,676 1,106,990 (369,894) ‐25% (182,686)‐14%
Cell 764,817 1,001,743 447,866 (316,951) ‐41% (553,877)‐55%
Phone 516,347 441,199 527,569 11,221 2% 86,369 20%
Cable 876,165 960,093 837,440 (38,725) ‐4% (122,653)‐13%
Garbage/Solid Waste 427,686 389,010 471,369 43,683 10% 82,359 21%
City Utilities 2,919,110 2,657,361 2,979,389 60,279 2% 322,028 12%
YTD Total 10,139,403$ 9,993,389$ 9,602,577$ (536,826)$ ‐5%(390,812)$ ‐4%
Annual Total 16,365,034$ 16,242,153$
Real Estate Excise Tax
REET collections through July are behind 2018 figures by 20%, but are 45% higher than anticipated. The City is projecting REET
to be about $5.6M at the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 840,316$ 497,448$ 748,462$ (91,854)$ ‐11%251,014$ 50%
Feb 366,011 187,141 219,686 (146,325) ‐40%32,545 17%
Mar 291,045 266,167 272,006 (19,039) ‐7%5,839 2%
Apr 405,746 210,626 430,070 24,324 6% 219,444 104%
May 607,431 264,465 456,154 (151,277) ‐25%191,689 72%
Jun 496,917 331,264 444,031 (52,886) ‐11%112,767 34%
Jul 846,631 382,720 529,539 (317,092) ‐37%146,819 38%
Aug 406,944 287,310
Sep 451,349 288,857
Oct 1,716,905 552,822
Nov 976,580 466,319
Dec 409,249 264,861
YTD Total 3,854,097$ 2,139,831$ 3,099,948$ (754,149)$ ‐20%960,117$ 45%
Annual Total 7,815,124$ 4,000,000$
*Total REET (GF, DS, & CIP)
Month
2019 vs. Budget2019 vs. 2018
Real Estate Excise Tax (REET) Revenues*
Year to Date through July
Monthly Financial Report City of Renton, Washington July 2019
Page 5 of 17
Gambling Tax
Gambling tax revenue is 2% behind 2018, but is 43% above budget. The City is projecting gambling tax revenues to be
about $2.9M at the end of the year.
2018 2019 2019
ActualBudgetActual $%$%
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 222,540 170,531 267,414 44,874 20% 96,883 57%
Jun 252,663 175,721 282,406 29,743 12% 106,686 61%
Jul 255,351 175,771 261,167 5,816 2% 85,395 49%
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 1,717,847$ 1,176,592.85$ 1,681,463$ (36,384)$ ‐2%504,870$ 43%
Annual Total 2,831,045$ 2,000,000$
2019 vs. 2018
Gambling Tax Revenue
Month
Year to Date through July
2019 vs. Budget
Admission Tax
Admission taxes are 27% higher than 2018, but 10% lower than expected at the end of July. The City is projecting admissions
tax revenues to be around $226K by the end of the year.
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 ‐ (112) (62)
Apr 54,560 63,040 37,923 (16,637) ‐30% (25,118) ‐40%
May 1,911 1,778 1,395 (516) ‐27% (383) ‐22%
Jun ‐ 438 ‐ ‐ (438)
Jul ‐ 28,454 58,073 58,073 100% 29,618 104%
Aug 62,959 35,964 ‐
Sep ‐ ‐ ‐
Oct 46,297 26,750 ‐
Nov 1,556 867 ‐
Dec ‐ 24,884 ‐
YTD Total 114,654$ 161,535$ 146,180$ 31,526$ 27%(15,355)$ ‐10%
Annual Total 225,466$ 250,000$
2019 vs. Budget
Admission Tax Revenue
Year to Date through July
Month
2019 vs. 2018
Monthly Financial Report City of Renton, Washington July 2019
Page 6 of 17
Business & Occupation Tax
B&O taxes are $1.3M less than 2018, but are $900k more than budget. The City is projecting B&O taxes to be about $9.1M
by the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 1,301,574$ 974,121$ 919,391$ (382,183)$ ‐29% (54,730)$ ‐6%
Feb 1,013,630 758,618 1,317,771 304,141 30% 559,152 74%
Mar 48,278 36,132 105,983 57,705 120% 69,851 193%
Apr 5,430,049 4,063,945 583,109 (4,846,940) ‐89% (3,480,836) ‐86%
May 212,741 159,219 4,272,007 4,059,266 1908% 4,112,788 2583%
Jun 172,687 129,242 11,365 (161,321) ‐93% (117,876) ‐91%
Jul 840,839 629,299 478,148 (362,691) ‐43% (151,151) ‐24%
Aug 451,217 337,699 ‐
Sep 12,193 9,125 ‐
Oct 572,637 428,572 ‐
Nov 632,346 473,259 ‐
Dec 1,026 768 ‐
YTD Total 9,019,798$ 6,750,578$ 7,687,774$ (1,332,024)$ ‐15%937,196$ 14%
Annual Total 10,689,216$ 8,000,000$
*Total Business & Occupation Taxes (GF & CIP)
Business & Occupation Taxes (B&O)*
Year to Date through July
Month
2019 vs. 2018 2019 vs. Budget
Licenses and Permits
Business Licenses
Business license collections are 7% behind 2018 through the end of July, but are 72% above budget. The City is projecting
business license collections to be just under $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 34,260 637 2%(17,240) ‐33%
Jun 30,721 20,877 21,894 (8,828) ‐29%1,017 5%
Jul 16,354 64,859 15,985 (369) ‐2% (48,874) ‐75%
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 940,773$ 508,855$ 877,361$ (63,412)$ ‐7%368,505$ 72%
Annual Total 1,037,650$ 695,455$
*Total Business License (GF & CIP)
Business Licenses*
Month
2019 vs. 2018
Year to Date through July
2019 vs. Budget
Monthly Financial Report City of Renton, Washington July 2019
Page 7 of 17
Building Permits and Development Service Fees
Building permits and development service fees are underperforming compared to 2018 and budget. The City is projecting
these fees to be around $4.4M by the end of the year. See below for detail on the two major components of building
permits and development service fees.
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 436,943 544,326 400,592 (36,351) ‐8% (143,734) ‐26%
Jun 363,521 532,521 473,880 110,359 30%(58,641) ‐11%
Jul 484,920 410,225 435,839 (49,081) ‐10%25,614 6%
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 2,873,173$ 3,144,859$ 2,712,739$ (160,435)$ ‐6% (432,120)$ ‐14%
Annual Total 4,650,227$ 5,223,637$
Building Permits and Development Service Fees
Year to Date through July
2019 vs. Budget2019 vs. 2018
Month
Plan review fees are collected upon permit application. Through the end of July, plan review fees are 17% above 2018 and
8% above budget. The City is projecting plan review fees to be around $1.6M by the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 124,370$ 160,367$ 112,214$ (12,156)$ ‐10% (48,154)$ ‐30%
Feb 92,996 96,154 155,529 62,534 67% 59,375 62%
Mar 107,563 119,371 97,298 (10,265) ‐10% (22,073) ‐18%
Apr 118,376 109,329 139,272 20,896 18% 29,943 27%
May 144,264 154,123 165,039 20,775 14% 10,916 7%
Jun 135,355 162,408 150,616 15,261 11% (11,792) ‐7%
Jul 109,935 102,673 153,309 43,374 39% 50,635 49%
Aug 97,574 91,109 ‐ 0% 0%
Sep 104,291 107,256 ‐ 0% 0%
Oct 203,541 179,954 ‐ 0% 0%
Nov 117,168 144,442 ‐ 0% 0%
Dec 73,600 99,851 ‐ 0% 0%
YTD Total 832,858$ 904,424.99$ 973,276$ 140,418$ 17% 68,851$ 8%
Annual Total 1,429,032$ 1,527,038$
Plan Review
Year to Date through July
Month
2019 vs. 2018 2019 vs. Budget
Monthly Financial Report City of Renton, Washington July 2019
Page 8 of 17
Building permit fees are collected upon permit issuance. Through the end of July, they are underperforming in comparison
to both 2018 and budget. The City is projecting building permit fees to be around $2.9M by the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 190,257$ 228,058$ 205,252$ 14,995$ 8%(22,806)$ ‐10%
Feb 187,749 208,518 242,212 54,463 29% 33,694 16%
Mar 480,963 479,474 241,022 (239,941) ‐50%(238,452) ‐50%
Apr 285,516 256,516 209,629 (75,887) ‐27%(46,887) ‐18%
May 292,678 390,203 235,553 (57,125) ‐20%(154,650) ‐40%
Jun 228,166 370,113 323,264 95,098 42%(46,849) ‐13%
Jul 374,985 307,552 282,530 (92,455) ‐25%(25,021) ‐8%
Aug 313,662 372,012 ‐ 0% 0%
Sep 238,009 324,031 ‐ 0% 0%
Oct 249,776 250,502 ‐ 0% 0%
Nov 180,299 279,068 ‐ 0% 0%
Dec 199,134 230,185 ‐ 0% 0%
YTD Total 2,040,315$ 2,240,434$ 1,739,463$ (300,852)$ ‐15%(500,971)$ ‐22%
Annual Total 3,221,195$ 3,696,231$
Building Permits
Year to Date through July
Month
2019 vs. 2018 2019 vs. Budget
Franchise Fees
Franchise fees are underperforming in comparison to both 2018 and budget. The City is projecting franchise fees to be slightly
under $1.5M at the end of the year.
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 20,400 (320,222) ‐94% (152,733) ‐88%
Jun 1,050 11,122 14,400 13,350 1271% 3,278 29%
Jul 344,386 341,360 337,436 (6,950) ‐2% (3,924) ‐1%
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 1,127,328$ 1,125,658$ 1,098,582$ (28,746)$ ‐3% (27,076)$ ‐2%
Annual Total 1,508,915$ 1,526,500$
Franchise Fees Revenue
Year to Date through July
Month
2019 vs. 2018 2019 vs. Budget
Monthly Financial Report City of Renton, Washington July 2019
Page 9 of 17
Intergovernmental
These revenue sources include state shared revenues and governmental grants. State shared revenues comprise 94% of the
City’s total intergovernmental revenues.
Intergovernmental 2018 2019 Bgt YTD Act Change 2019/2018 2019 Act vs Bgt
State Shared Revenue 3,855,827 3,545,172 4,333,889 478,062 12% 788,718 22%
Federal Grants 56,404 46,128 46,128 (10,277) ‐18%‐ 0%
State Grants 22,679 21,596 21,596 (1,083) ‐5%‐ 0%
Other Grants/Intgovt 59,748 195,566 195,566 135,818 227%‐ 0%
Total Rev YTD 3,994,658$ 3,808,461$ 4,597,179$ 602,520$ 15%788,718$ 21%
Total Rev Annual 7,680,968$ 7,631,227$
State Shared Revenues
State shared revenues are over performing in comparison to both 2018 and budget. The City is projecting state shared
revenues to be around $7.5M by the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Crim Just Sales Tax 1,716,893$ 1,605,036$ 1,822,439$ 105,546$ 6% 217,403$ 14%
Judicial Contribution 11,025 8,466 16,248 5,223 47% 7,782 92%
Crim Just ‐ High Crime 210,584 205,380 218,646 8,063 4% 13,267 6%
Crim Just ‐ Pop 22,168 18,409 23,191 1,023 5% 4,782 26%
Crim Just ‐ Spec Prog 80,183 82,117 83,510 3,327 4% 1,393 2%
State DUI 11,387 13,349 11,038 (349) ‐3% (2,310) ‐17%
Marijuana Distribution 161,067 ‐ 105,527 (55,540) ‐34%105,527 100%
Liquor Profits 425,526 425,085 424,360 (1,166) 0% (725) 0%
Liquor Excise Tax 378,373 357,272 416,253 37,880 10% 58,981 17%
Fuel Tax 838,622 830,059 1,212,677 374,055 45% 382,618 46%
YTD Total 3,855,827$ 3,545,172$ 4,333,889$ 478,062$ 12% 788,718$ 22%
Annual Total 6,710,599$ 6,182,479$
2019 vs. Budget
State Shared Revenues
2019 vs. 2018
Revenue
Year to Date through July
Charges for Services
Public Safety Services
Public Safety Services are comprised mostly of fees related to probation and sentence monitoring, record checks, school
resource officers, private security, and electronic home detention. These fees are 12% below 2018, but 23% above budget.
The City is projecting public safety services to be around $1M by the end of the year.
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 64,065 (13,169) ‐17%6,103 11%
Jun 84,800 52,671 85,644 844 1% 32,973 63%
Jul 92,695 62,686 63,635 (29,060) ‐31%949 2%
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 681,910$ 489,910$ 603,195$ (78,715)$ ‐12%113,285$ 23%
Annual Total 1,208,422$ 840,835$
Year to Date through July
Public Safety Services
2019 vs. 2018 2019 vs. Budget
Month
Monthly Financial Report City of Renton, Washington July 2019
Page 10 of 17
Recreation
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 on the first day of the program. 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 close to budget by the
end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 138,388$ 165,057$ 63,819$ (74,569)$ ‐54% (101,238)$ ‐61%
Feb 51,694 51,177 81,045 29,351 57% 29,868 58%
Mar 55,300 68,535 97,206 41,907 76% 28,672 42%
Apr 70,321 82,391 75,539 5,219 7%(6,852) ‐8%
May 82,814 94,920 97,107 14,293 17% 2,187 2%
Jun 191,108 195,529 84,351 (106,757) ‐56% (111,177) ‐57%
Jul 419,790 512,222 290,648 (129,141) ‐31% (221,574) ‐43%
Aug 313,627 395,088 ‐
Sep 76,421 120,298 ‐
Oct 72,092 68,810 ‐
Nov 37,924 54,639 ‐
Dec (104) 26,025 ‐
YTD Total 1,009,414$ 1,169,831$ 789,716$ (219,698)$ ‐22% (380,114)$ ‐32%
Annual Total 1,509,375$ 1,834,691$
Recreation
Year to Date through July
2019 vs. Budget2019 vs. 2018
Month
Interfund Services
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 majority
of the variance is due to Parks Planning and Natural Resource division not receiving budgeted reimbursement for salaries and
benefits of vacant capital project coordinator positions. The City is projecting interfund service revenues to be $4.1M at year‐
end.
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 328,765 399,551 342,950 14,185 4%(56,601) ‐14%
Jun 320,735 399,551 334,732 13,996 4%(64,820) ‐16%
Jul 236,427 399,551 302,849 66,422 28%(96,702) ‐24%
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 2,283,435$ 2,796,860$ 2,384,004$ 100,569$ 4%(412,856)$ ‐15%
Annual Total 3,900,407$ 4,794,617$
Interfund Services
Year to Date through July
2019 vs. 2018 2019 vs. Budget
Month
Monthly Financial Report City of Renton, Washington July 2019
Page 11 of 17
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 (NSF charges, false alarms, code enforcement, and other miscellaneous penalties). The
City is projecting these revenues to be around $5.9M by the end of the year.
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 230,762 278,733 286,975 56,213 24% 8,242 3%
Jun 235,311 325,296 401,342 166,031 71% 76,046 23%
Jul 451,443 428,149 445,371 (6,072) ‐1%17,221 4%
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 1,734,001$ 2,014,799$ 2,693,916$ 959,915$ 55% 679,116$ 34%
Annual Total 4,273,192$ 4,407,750$
2019 vs. Budget2019 vs. 2018
Year to Date through July
Fines and Penalties by Month
Month
The table below breaks down these fines by type.
2018 2019 2019
Actual Budget Actual $ % $ %
Civil Penalties 851$ 1,178$ 705$ (146)$ ‐17% (473)$ ‐40%
Civil Infraction Penalties 180,466 175,872 150,289 (30,177) ‐17% (25,583) ‐15%
Civil Parking Infraction Penalties 90,076 145,638 87,953 (2,123) ‐2% (57,685) ‐40%
Photo Enforcement Program 1,305,491 1,518,989 2,299,342 993,851 76% 780,353 51%
Criminal Traffic Misdemeanor Fines 39,721 42,953 32,874 (6,847) ‐17% (10,079) ‐23%
Criminal Non‐Traffic Fines 45,127 17,863 50,710 5,583 12% 32,847 184%
Criminal Costs 50,924 13,199 45,766 (5,158) ‐10%32,567 247%
Non‐Court Fines, Forfeitures and Penalties 21,346 99,107 26,276 4,931 23%(72,830) ‐73%
YTD Total 1,734,001$ 2,014,799$ 2,693,916$ 959,915$ 55% 679,116$ 34%
Annual Total 4,273,192$ 4,407,750$
Revenue
2019 vs. Budget2019 vs. 2018
Monthly Financial Report City of Renton, Washington July 2019
Page 12 of 17
Included in the Fines and Penalties annual revenue budget is $3.4M from the Photo Enforcement program. The monthly
budget is based on the prior year’s revenue. The associated costs include the equipment provided by American Traffic
Solutions, Inc. (ATS), dedicated 2 FTE in the Court Services Department to process the increased caseload.
Favorable
19 Budget 19 Actual 2019 vs. 2018 17 Actual 18 Actual 19 Budget 19 Actual (Unfavorable)
1
Jan 162,639$ 214,193$ 57% 30,160$ 25,705$ 126,219$ 28,745$ 185,448$
Feb 187,840 285,643 85% 97,928 93,460 126,219 128,014 157,629
Mar 199,988 399,499 123% 97,914 93,469 126,219 128,001 271,498
Apr 174,391 387,303 215% 97,920 93,469 126,219 128,011 259,292
May 212,936 280,350 63% 97,917 93,463 126,219 128,010 152,340
Jun 231,485 344,616 122% 97,911 93,460 126,219 28,745 315,871
Jul 349,711 387,738 1% 97,917 25,705 126,219 28,745 358,993
Aug 442,497 ‐ 0% 97,932 115,458 126,219 ‐ ‐
Sep 341,229 ‐ 0% 97,923 115,466 126,219 ‐ ‐
Oct 439,665 ‐ 0% 97,920 115,469 126,219 ‐ ‐
Nov 354,895 ‐ 0% 97,920 124,973 126,219 ‐ ‐
Dec 334,129 ‐ 0% 165,673 224,231 126,219 ‐ ‐
YTD Total 1,518,989$ 2,299,342$ 617,668$ 518,729$ 883,530$ 598,271$ 1,701,071$
Annual Total 3,431,405$ 1,175,038$ 1,214,324$ 1,514,623$
ExpensesRevenues
Photo Enforcement Program
Year to Date through July
Month
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. Miscellaneous revenues are over performing in
comparison to both 2018 and budget. The City is projecting miscellaneous revenues to be around $3.6M by the end of the
year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 262,690$ 431,194$ 376,642$ 113,953$ 43%(54,551)$ ‐13%
Feb 150,608 129,991 333,287 182,679 121% 203,297 156%
Mar 178,170 166,842 272,907 94,737 53% 106,065 64%
Apr 152,700 172,252 283,126 130,426 85% 110,874 64%
May 386,715 160,726 281,523 (105,192) ‐27%120,797 75%
Jun 193,674 234,919 307,742 114,068 59% 72,823 31%
Jul 221,279 275,529 302,051 80,772 37% 26,522 10%
Aug 275,725 289,735
Sep 164,873 187,100
Oct 200,817 181,451
Nov 174,068 147,082
Dec 305,276 280,516
YTD Total 1,545,836$ 1,571,453$ 2,157,279$ 611,443$ 40% 585,826$ 37%
Annual Total 2,666,594$ 2,657,337$
Year to Date through July
Month
2019 vs. Budget2019 vs. 2018
Miscellaneous Revenues by Month
The table below shows the composition of miscellaneous revenues by type.
2018 2019 2019
Actual Budget Actual $ % $ %
Interests and Other Earnings 622,580$ 393,102$ 768,020$ 145,439$ 23% 374,918$ 95%
Rents, Leases, and Concessions 444,241 933,959 1,041,709 597,468 134% 107,750 12%
Contributions/Donations from Private Sources 86,625 75,018 119,856 33,231 38% 44,838 60%
Other 146,828 169,375 184,094 37,266 25% 14,720 9%
Seizure Funds ‐ Federal/State/Local 245,561 ‐ 43,600 (201,962) ‐82%43,600 100%
YTD Total 1,545,836$ 1,571,453$ 2,157,279$ 611,443$ 40% 585,826$ 37%
Annual Total 2,666,594$ 2,657,337$
2019 vs. Budget
Miscellaneous Revenues by Type
Year to Date through July
Revenue
2019 vs. 2018
Monthly Financial Report City of Renton, Washington July 2019
Page 13 of 17
EXPENSES
Overall, the City has expended 50.5% of its budgeted general governmental expenditures at the end of July. This is $2.8M or
4.1% below year‐to‐date budgeted expenditures.
The Recreation & Neighborhoods division is over the year‐to‐date budget by $15K or .4%. There is not a specifically
identifiable reason for the overage; it is a combination of small things. We will continue to monitor this in conjunction with
Recreation management. Recreation program activity slows in the fall and winter months, which allows for conservative
spending where needed to manage the budget. The City is not projecting Recreation & Neighborhoods to be over budget at
the end of the year.
The Human Services division is over the year‐to‐date budget by $7K or .9%. This is due to the timing of CDBG funded Healthy
Housing projects. The City is not projecting Human Services to be over budget at the end of the year.
The Museum is over the year‐to‐date budget by $3K or 2.1%. This is due to the increased use/cost of part‐time staff. Use of
part‐time staff is variable depending on staffing needs and is easily managed. The City is not projecting the Museum to be
over budget at the end of the year.
Monthly Financial Report City of Renton, Washington July 2019
Page 14 of 17
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.
Airport Golf Course Solid Waste
Utility Water Utility Wastewater
Utility
Surface Water
Utility Metro
REVENUES:
Licenses and permits ‐ ‐ ‐ ‐ 71,175 31,100 ‐
Grants / intergovernmental 49,750 ‐ 167,153 ‐ ‐ 705,990 ‐
Charges for services 180,319 1,222,347 11,365,809 9,526,548 6,284,247 6,977,688 9,994,800
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 617 ‐ ‐ ‐ 481 ‐ ‐
Rents, leases, and misc fees 1,590,095 272,148 ‐ 116,412 ‐ ‐ ‐
Interest and other misc 44,737 5,098 19,648 546,691 452,984 294,047 50,061
TOTAL REVENUES 1,865,518 1,499,593 11,552,610 10,189,651 6,808,887 8,008,825 10,044,861
EXPENSES:
Utility billing ‐ ‐ 24,744 92,964 75,391 113,658 ‐
Utility systems ‐ ‐ 10,583,641 2,536,970 2,263,996 2,108,714 ‐
Utility maintenance ‐ ‐ 224,837 3,429,033 1,267,245 1,811,176 9,847,748
Transportation 1,139,518 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 1,394,311 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 1,139,518 1,394,311 10,833,222 6,058,967 3,606,632 4,033,548 9,847,748
AMOUNT AVAILABLE FOR DEBT
SERVICE 726,000 105,282 719,389 4,130,684 3,202,255 3,975,277 197,113
DEBT SERVICE:
Principal ‐ ‐ ‐ 345,818 ‐ ‐ ‐
Interest ‐ ‐ ‐ 111,973 47,859 359,418 ‐
TOTAL DEBT SERVICE ‐ ‐ ‐ 457,791 47,859 359,418 ‐
CAPITAL PROJECTS 100,590 14,140 ‐ 1,857,665 2,174,862 1,469,155 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ ‐ 27,588 5,994 ‐
CHANGE IN FUND BALANCE 625,410 91,142 719,389 1,815,228 1,007,122 2,152,698 197,113
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, Jul 31 5,610,787 201,954 2,995,722 39,818,201 19,886,323 18,508,728 5,709,531
Monthly Financial Report City of Renton, Washington July 2019
Page 15 of 17
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 ‐ 194,456 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ ‐ ‐ ‐ ‐ ‐ 35,898
Charges for services
Equipment rental m&o 1,428,178 2,897,202 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ ‐ ‐ 260,691 ‐ ‐ ‐
Communications ‐ 1,462 ‐ 383,765 ‐ ‐ ‐
Facilities ‐ ‐ 2,511,416 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ ‐ ‐ ‐ ‐ ‐ ‐
IT service contracts ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest and other misc 51,341 31,985 10,325 5,490 150,626 35,849 116,299
Internal service fund misc:
Vehicle / equipment capital recovery 1,685,920 ‐ ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 985,050 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 839,078 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 5,908,796 1,531,064
Other misc 4,466 670 86,481 425 ‐ 591,870 ‐
Interfund Loan ‐ ‐ ‐ ‐ ‐ ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 57,551 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 118,510 ‐ ‐
TOTAL REVENUES 3,227,456 3,125,775 2,608,222 650,371 2,093,264 6,536,515 1,683,261
EXPENSES:
Communications 328,146
Equipment rental 1,676,506
Facilities 2,798,165
Healthcare 5,649,277
Information technology 3,044,840
Print and mail 262,719
Retiree healthcare 494,945
Risk management:
Risk management 1,154,269
Unemployment 40,342
Worker's compensation 474,736
TOTAL EXPENSES 1,676,506 3,044,840 2,798,165 590,865 1,669,347 5,649,277 494,945
AMOUNT AVAILABLE FOR CAPITAL 1,550,950 80,935 (189,942) 59,506 423,917 887,238 1,188,316
CAPITAL PROJECTS 1,117,372 102,681 10,901 ‐ ‐ ‐ ‐
TRANSFERS IN ‐ 38,539 12,389 ‐ ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ (5,220) ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 433,578 16,793 (193,675) 59,506 423,917 887,238 1,188,316
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, Jul 31 6,926,596 3,951,201 1,183,184 745,099 18,946,071 5,146,749 15,064,944
Monthly Financial Report City of Renton, Washington July 2019
Page 16 of 17
FUND BALANCE
Page 17 shows the ending fund balance as of July 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 July, the City has $52.4M reported in the combined general governmental fund balance of the current year’s
operating budget, which is approximately 40.1% of budgeted operating expenditures. This is an increase of $7.8M from the
year’s beginning balance. July’s ending fund balance is over the anticipated General Governmental Fund Balance of $45.7M
by $6.7M or 14.7%. 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 mbaker@rentonwa.gov or jhawn@rentonwa.gov.
Monthly Financial Report City of Renton, Washington July 2019
Page 17 of 17
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Budgetary Basis through July 31, 2019
Funds
Balance
01/01/2019
Budgeted
Revenue
Revenue
07/31/19
Total Funds
Available
Budgeted
Expenditure
Expenditure
07/31/19 Ending Balance
GENERAL FUND: 44,542,987 122,403,346 73,930,142 118,473,129 130,745,637 66,085,732 52,387,397
SPECIAL REVENUE FUNDS: 1,875,558 1,120,674 382,962 2,258,520 1,412,904 404,305 1,854,215
102 Arterial Street 163,671 700,000 ‐ 163,671 700,000 163,671 ‐
110 Hotel Motel 722,387 225,000 270,756 993,143 406,547 159,155 833,988
125 Municipal Art 119,446 98,000 760 120,206 200,683 50,683 69,523
127 Cable Communication 529,159 97,674 108,783 637,942 105,674 30,796 607,146
135 Springbrook Wetlands Bank 340,895 ‐ 2,663 343,558 ‐ ‐ 343,558
DEBT SERVICE FUND: 2,307,173 7,805,569 4,028,482 6,335,655 7,914,936 962,949 5,372,706
CAPITAL PROJECT FUNDS (CIP): 39,310,931 66,827,984 28,374,862 67,685,793 87,183,116 10,343,684 57,342,109
303 Community Services Mitigation 2,578,256 86,500 263,863 2,842,119 1,629,000 ‐ 2,842,119
305 Transportation Mitigation 3,332,524 1,020,000 674,739 4,007,263 2,700,000 ‐ 4,007,263
316 Municipal Facilities CIP 20,675,238 23,354,715 15,488,010 36,163,248 41,657,287 7,551,942 28,611,306
317 Transportation CIP 5,492,313 37,291,769 11,850,073 17,342,386 41,036,073 2,558,394 14,783,992
326 Housing Opportunity 2,582,203 ‐ 21,576 2,603,779 47,400 40,488 2,563,291
336 New Library Development 456,591 ‐ 2,618 459,209 ‐ ‐ 459,209
346 New Family First Center Dvlpmnt 4,193,806 5,075,000 73,983 4,267,789 113,356 192,860 4,074,929
ENTERPRISE FUNDS: 86,123,144 93,153,914 50,046,679 136,169,823 146,588,143 43,438,577 92,731,246
4X2 Airport Operating & CIP 4,985,377 3,298,685 1,865,517 6,850,894 7,907,470 1,240,107 5,610,787
403 Solid Waste Utility 2,276,333 19,512,021 11,552,611 13,828,944 19,400,701 10,833,222 2,995,722
4X4 Golf Operating & CIP 110,812 2,445,053 1,541,594 1,652,406 2,346,727 1,450,452 201,954
4X5 Water Operating & CIP 38,002,973 18,841,192 10,189,650 48,192,623 48,759,844 8,374,422 39,818,201
4X6 Waste Water Operating & CIP 18,879,201 11,582,615 6,837,243 25,716,444 24,716,488 5,830,121 19,886,323
416 King County Metro 5,512,418 16,922,613 10,044,861 15,557,279 16,922,613 9,847,748 5,709,531
4X7 Surface Water Operating & CIP 16,356,030 20,551,735 8,015,203 24,371,233 26,534,300 5,862,505 18,508,728
INTERNAL SERVICE FUNDS: 49,148,171 35,770,284 19,975,793 69,123,964 40,045,617 17,160,120 51,963,844
501 Equipment Repair/Replacement 6,493,018 7,695,395 3,227,456 9,720,474 9,030,476 2,793,878 6,926,596
502 Insurance 18,522,154 3,343,143 2,093,263 20,615,417 4,214,868 1,669,346 18,946,071
503 Information Services 3,934,408 6,054,593 3,164,314 7,098,722 7,558,374 3,147,522 3,951,200
504 Facilities 1,376,859 5,302,302 2,620,611 3,997,470 5,507,965 2,814,286 1,183,184
505 Communications 685,593 1,105,816 650,371 1,335,964 1,100,667 590,866 745,098
512 Insurance, Healthcare 4,259,511 11,027,762 6,536,516 10,796,027 11,655,086 5,649,277 5,146,750
522 Insurance, Leoff1 Retirees HC 13,876,628 1,241,273 1,683,262 15,559,890 978,181 494,945 15,064,945
FIDUCIARY FUNDS: 7,146,983 468,000 204,904 7,351,887 210,475 112,210 7,239,677
304 Fire Mitigation 1,455,669 99,000 88,569 1,544,238 128,576 ‐ 1,544,238
611 Firemen's Pension 7,146,983 468,000 204,904 7,351,887 210,475 112,210 7,239,677
TOTAL FUNDS 231,910,616 327,648,771 177,032,393 408,943,009 414,229,404 138,507,577 270,435,432