HomeMy WebLinkAbout201911, Novemberh:\finance\financial reporting\monthly reports\2019 reports\cover 1119.docx
ADMINISTRATIVE SERVICES
M E M O R A N D U M
DATE:
TO:
CC:
FROM:
STAFF CONTACT:
SUBJECT:
January 23, 2020
Ruth Pérez, Council President
Members of Renton City Council
Armondo Pavone, Mayor
Bob Harrison, Chief Administrative Officer
Jan Hawn, ASD Administrator
Misty Baker, Sr. Finance Analyst
November 2019 Financial Status Report
At the end of November, general governmental revenues show $5.3M or 4.5% over
budget. Revenue source(s) that are higher than expected are:
Property Tax ‐ $624K (pg 2)
Local Retail Sales Tax ‐ $539K (pg 3)
Criminal Justice Sales Tax ‐ $351K (pg 3)
Utility Tax ‐ $182K (pg 4)
Gambling Excise Tax ‐ $448K (pg 5)
Real Estate Excise Tax ‐ $996K (pg 5)
B&O Tax ‐ $1.6M (pg 6)
Business Licenses ‐ $133K (pg 7)
Building Permits ‐ $266K (pg 8)
State Shared Revenue ‐ $339K (pg 9)
Development Services ‐ $175K (pg 10)
Interest and Other Investment Earnings ‐ $310K (pg 12)
On the down side, the revenue source(s) that are underperforming the year to date
budget are:
Franchise Fees – $127K (pg 7)
Interfund Services – $594K (pg 10)
General government expenditures showed a favorable variance of $7.5M or 6.5%. See
page 12 of report for further expenditure over‐spent explanations.
Don Persson, Council President
Members of Renton City Council
Page 2 of 2
January 23, 2020
h:\finance\financial reporting\monthly reports\2019 reports\cover 1119.docx
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.
Page 1 of 16
General Governmental Funds
$%
Beginning Fund Balance 24,413,781$ 24,413,781$ 31,534,619$ 31,534,619$ 44,542,987$ 44,542,987$ 44,578,377$ 35,390 0.1%
OPERATING REVENUES
Taxes 79,228,239 74,342,488 79,899,075 74,489,498 84,027,220 78,807,198 83,624,294 4,817,096 6.1%
Licenses & Permits 5,985,115 5,704,805 5,499,201 5,231,808 5,404,552 5,158,753 5,399,708 240,955 4.7%
Intergovernmental 4,210,533 3,268,506 4,162,854 3,554,946 5,462,108 4,202,402 4,201,144 (1,258) 0.0%
Charges for Services 8,588,772 7,946,092 8,531,218 7,934,638 9,291,414 8,598,880 8,358,481 (240,400) ‐2.8%
Fines and Penalties 2,946,849 2,620,911 4,273,192 3,867,757 4,907,750 4,399,713 4,283,302 (116,411) ‐2.6%
Miscellaneous 3,649,183 3,074,335 3,667,475 3,293,091 3,238,358 2,806,641 3,374,067 567,425 20.2%
Other Financing Sources (Transfer‐In, etc) 124,517 108,951 (282,188) (310,953) 13,229,818 11,992,736 11,997,956 5,221 0.0%
Total Operating Revenues 104,733,207 97,066,088 105,750,828 98,060,785 125,561,221 115,966,324 121,238,951 5,272,627 4.5%
OPERATING EXPENDITURES
Council 362,101 331,903 377,512 347,364 414,780 380,938 327,404 53,534 14.1%
Executive 1,954,748 1,737,132 2,073,371 1,857,537 2,710,212 2,418,577 2,249,707 168,871 7.0%
Emergency Management 569,333 523,795 590,655 542,637 705,470 648,572 566,653 81,920 12.6%
City Attorney 2,088,718 1,908,369 2,216,692 2,025,478 2,400,893 2,193,692 2,151,191 42,502 1.9%
Court Services 2,174,217 1,982,165 2,222,633 2,037,380 2,701,599 2,469,768 2,173,525 296,243 12.0%
Community and Eco Dvlpmnt Admin 1,351,830 1,227,699 1,347,568 1,231,488 1,599,054 1,456,760 1,390,992 65,768 4.5%
Development Services 2,181,211 2,090,476 2,211,136 2,002,520 2,526,232 2,354,062 2,115,806 238,256 10.1%
Economic Development 949,467 815,203 833,055 676,396 2,374,400 1,986,877 934,830 1,052,047 52.9%
Planning 3,657,665 3,267,791 3,843,116 3,497,023 4,316,773 3,893,218 3,463,909 429,308 11.0%
Finance 3,132,609 2,501,966 3,427,262 2,717,481 3,617,820 2,878,566 2,714,334 164,232 5.7%
City Clerk 1,119,376 976,122 1,274,941 1,162,960 1,344,720 1,201,373 1,134,046 67,326 5.6%
Human Resources 1,221,841 1,116,195 1,268,733 1,159,905 1,553,349 1,419,584 1,313,375 106,209 7.5%
Police 30,987,047 28,168,125 33,764,563 29,576,070 37,607,126 33,537,285 32,633,239 904,046 2.7%
Jail Services 4,807,443 4,406,898 5,970,673 5,473,305 6,237,344 5,717,718 5,285,757 431,962 7.6%
Community Services Admin 1,421,803 1,093,876 1,522,994 1,243,795 1,578,479 1,253,045 1,338,117 (85,071) ‐6.8%
Parks & Trails 4,926,587 4,415,236 5,026,203 4,633,501 5,464,268 4,967,927 4,831,597 136,329 2.7%
Parks Planning & Natural Resources 1,059,058 938,972 1,114,153 995,748 2,499,025 2,224,779 1,365,491 859,288 38.6%
Recreation & Neighborhoods 6,152,644 5,632,130 6,280,121 5,706,964 6,699,548 6,110,210 5,857,126 253,084 4.1%
Human Services 1,634,387 1,256,572 1,421,280 1,237,010 1,585,266 1,293,659 1,272,285 21,374 1.7%
Museum 235,712 215,835 245,590 225,283 252,671 231,575 231,898 (324) ‐0.1%
Public Works Admin 406,781 373,534 417,786 383,470 426,696 391,733 389,870 1,864 0.5%
Street Maintenance 5,603,141 5,132,052 5,676,989 4,990,195 5,909,878 5,303,240 5,059,067 244,174 4.6%
Transportation 5,368,887 4,645,164 5,550,779 5,108,863 8,339,426 7,449,219 5,491,191 1,958,028 26.3%
Non‐Departmental and Other 14,245,763 2,884,877 4,064,656 2,767,618 30,928,518 22,649,444 22,649,444 ‐ 0.0%
Total Operating Expenditures 97,612,369 77,642,085 92,742,459 81,599,992 133,793,547 114,431,820 106,940,852 7,490,967 6.5%
Total Ending Fund Balance 31,534,619$ 43,837,784$ 44,542,987$ 47,995,411$ 36,310,660$ 46,077,491$ 58,876,476$ 12,798,984$ 27.8%
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 November 2019
Monthly Financial Report City of Renton, Washington November 2019
Page 2 of 16
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through November 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 (2) years. The table on the previous page summarizes the general
governmental funds revenues and expenditures.
REVENUES
Taxes
Taxes comprise 69% of all resources supporting general governmental activities. Taxes are broken down as follows:
2017 2018 2019 2019
Actual Actual Budget Actual $ % $ %
Property Tax 19,570,781$ 16,877,468$ 20,292,413$ 20,916,798$ 4,039,330$ 23.9% 624,385$ 3.1%
Local Retail Sales Tax 24,283,370 26,125,452 25,366,860 25,905,840 (219,612) ‐0.8%538,980 2.1%
State Sales Tax Credit ‐ Annexation/LRF 2,879,980 1,619,553 187,500 255,497 (1,364,056) ‐84.2%67,997 36.3%
Criminal Justice Sales Tax 2,571,958 2,811,457 2,634,176 2,985,319 173,862 6.2% 351,143 13.3%
Natural Gas Use Tax 169,071 133,158 215,969 210,521 77,363 58.1%(5,448) ‐2.5%
Admission Tax 178,503 225,466 135,069 196,087 (29,379) ‐13.0%61,018 45.2%
Utility Tax 15,382,442 14,782,532 14,018,335 14,200,114 (582,418) ‐3.9%181,779 1.3%
Leasehold Excise Tax 132,905 134,656 132,002 129,571 (5,085) ‐3.8% (2,431) ‐1.8%
Gambling Excise Tax 2,430,320 2,470,879 2,217,170 2,664,697 193,818 7.8% 447,527 20.2%
Real Estate Excise Tax ‐ ‐ 4,108,653 5,104,555 5,104,555 100.0% 995,902 24.2%
B&O Tax 6,743,159 9,308,876 9,499,050 11,055,295 1,746,419 18.8% 1,556,245 16.4%
YTD Total 74,342,488$ 74,489,498$ 78,807,198$ 83,624,294$ 9,134,796$ 12.3% 4,817,096$ 6.1%
Annual Total 79,228,239$ 79,899,075$ 84,027,220$
Taxes by Type
Revenue
2019 vs. 2018 2019 vs. Budget
Year to Date through November
In the past, some taxes were allocated between the General Fund, Debt Service Fund, and Capital Project Funds. Beginning
in 2019, 100% of tax revenues are accounted for in the General Fund. For comparability purposes, the monthly tables
presented below are shown for total taxes received.
Property Tax
Property Tax revenues are budgeted based on the previous four (4) years’ collection rates. The 2019 property tax levy is
$1.9M more than 2018, which accounts for the majority of the 7.9% increase in collections over 2018. Year‐to‐date collections
are 3.1% higher than budget. The City is projecting Property Tax revenues to be around $21.5M by the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan (12,745)$ 17,768$ 39,879$ 52,624$ ‐412.9%22,111$ 124.4%
Feb 106,364 229,128 192,217 85,853 80.7%(36,911) ‐16.1%
Mar 665,471 563,923 764,729 99,258 14.9% 200,806 35.6%
Apr 6,908,633 5,382,248 7,158,264 249,631 3.6% 1,776,016 33.0%
May 2,419,925 4,168,250 2,852,933 433,008 17.9%(1,315,317) ‐31.6%
Jun 108,842 92,118 (1,679,877) (1,788,719) ‐1643.4% (1,771,996) ‐1923.6%
Jul 90,072 317,474 1,798,442 1,708,370 1896.7% 1,480,968 466.5%
Aug 84,185 295,005 61,965 (22,220) ‐26.4% (233,040) ‐79.0%
Sep 196,536 270,686 317,271 120,735 61.4% 46,584 17.2%
Oct 7,077,878 4,494,739 6,996,376 (81,502) ‐1.2%2,501,636 55.7%
Nov 1,742,104 4,461,073 2,414,600 672,496 38.6%(2,046,473) ‐45.9%
Dec 76,196 592,841 ‐
YTD Total 19,387,265$ 20,292,413$ 20,916,798$ 1,529,533$ 7.9% 624,385$ 3.1%
Annual Total 19,463,461$ 20,885,254$
*Total Property Tax (GF & DS)
Property Tax*
Year to Date through November
Month
2019 vs. 2018 2019 vs. Budget
Monthly Financial Report City of Renton, Washington November 2019
Page 3 of 16
Local Retail Sales Tax
Local Retail Sales Tax revenues are budgeted based on the collection rates for the past five (5) years. Collections at the end
of November are $220k lower than 2018, but are 2.1% above budget. The City is expecting Local Retail Sales Tax revenues to
be $28.4M by the end of the year. The monthly sales tax report provides additional detail on sales taxes by sector.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 2,217,949$ 2,172,405$ 2,260,685$ 42,736$ 1.9% 88,280$ 4.1%
Feb 2,839,044 2,602,634 2,758,295 (80,749) ‐2.8%155,661 6.0%
Mar 2,099,180 2,064,301 2,066,530 (32,650) ‐1.6%2,229 0.1%
Apr 2,009,648 2,008,608 1,946,020 (63,628) ‐3.2% (62,588) ‐3.1%
May 2,506,478 2,429,497 2,461,963 (44,515) ‐1.8%32,466 1.3%
Jun 1,997,751 2,105,242 2,060,512 62,761 3.1%(44,730) ‐2.1%
Jul 2,385,665 2,245,590 2,342,886 (42,779) ‐1.8%97,296 4.3%
Aug 2,573,863 2,475,019 2,832,719 258,856 10.1% 357,700 14.5%
Sep 2,671,784 2,358,468 2,379,557 (292,227) ‐10.9%21,089 0.9%
Oct 2,438,390 2,413,738 2,365,273 (73,117) ‐3.0% (48,465) ‐2.0%
Nov 2,385,700 2,491,359 2,431,401 45,701 1.9%(59,958) ‐2.4%
Dec 2,303,183 2,317,209 ‐
YTD Total 26,125,452$ 25,366,860$ 25,905,840$ (219,612)$ ‐0.8%538,980$ 2.1%
Annual Total 28,428,635$ 27,684,069$
Local Retail Sales Tax
Year to Date through November
Month
2019 vs. 2018 2019 vs. Budget
Criminal Justice Sales Tax
King County imposes a 0.1% sales tax for criminal justice purposes (RCW 82.14.340) that is shared with the City on a per
capital basis. These revenues are 6.2% higher than last year and 13.3% higher than budget at the end of November. The City
is expecting Criminal Justice Sales Tax revenues to be $3.3M by the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 231,017$ 217,524$ 261,015$ 29,998$ 13.0% 43,491$ 20.0%
Feb 297,464 277,788 305,574 8,110 2.7% 27,786 10.0%
Mar 222,831 210,667 239,908 17,076 7.7% 29,240 13.9%
Apr 210,116 199,844 214,151 4,035 1.9% 14,307 7.2%
May 264,162 248,880 276,361 12,199 4.6% 27,482 11.0%
Jun 234,959 219,031 252,414 17,456 7.4% 33,383 15.2%
Jul 256,344 231,301 273,016 16,672 6.5% 41,714 18.0%
Aug 286,104 267,570 304,404 18,300 6.4% 36,833 13.8%
Sep 266,961 248,535 284,704 17,743 6.6% 36,169 14.6%
Oct 264,875 251,382 275,670 10,795 4.1% 24,288 9.7%
Nov 276,624 261,653 298,102 21,478 7.8% 36,449 13.9%
Dec 279,563 252,568 ‐
YTD Total 2,811,457$ 2,634,176$ 2,985,319$ 173,862$ 6.2% 351,143$ 13.3%
Annual Total 3,091,020$ 2,886,744$
Criminal Justice Sales Tax
Year to Date through November
Month
2019 vs. 2018 2019 vs. Budget
Monthly Financial Report City of Renton, Washington November 2019
Page 4 of 16
Utility tax
Utility Tax revenues are underperforming in comparison to 2018. Taxpayer changes to their method of accounting for data
charges has resulted in decreased taxable activity for cellular utilities. Electrical and Natural Gas utility taxes are decreasing
as consumers move toward more efficient appliances. Cable utility taxes are decreasing as consumers are shifting away from
traditional cable and to online streaming services. 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 1,380,809$ 1,391,459$ 1,228,645$ (152,164)$ ‐11.0% (162,815)$ ‐11.7%
Feb 1,600,542 1,344,197 1,341,075 (259,467) ‐16.2% (3,122) ‐0.2%
Mar 1,562,890 1,275,415 765,115 (797,776) ‐51.0% (510,300) ‐40.0%
Apr 1,447,426 1,500,199 2,292,501 845,075 58.4% 792,302 52.8%
May 1,399,812 1,318,983 1,295,860 (103,951) ‐7.4% (23,122) ‐1.8%
Jun 1,258,549 1,210,769 1,179,491 (79,058) ‐6.3% (31,278) ‐2.6%
Jul 1,389,799 1,185,533 1,340,108 (49,691) ‐3.6%154,575 13.0%
Aug 1,194,944 1,118,211 1,187,861 (7,084) ‐0.6%69,650 6.2%
Sep 1,189,390 1,134,606 1,124,073 (65,317) ‐5.5% (10,533) ‐0.9%
Oct 1,283,609 1,447,186 1,248,996 (34,613) ‐2.7% (198,190) ‐13.7%
Nov 1,074,761 1,091,778 1,196,390 121,629 11.3% 104,611 9.6%
Dec 1,441,094 1,343,818 ‐
YTD Total 14,782,532$ 14,018,335$ 14,200,114$ (582,418)$ ‐3.9%181,779$ 1.3%
Annual Total 16,223,626$ 15,362,153$
Utility Tax
Year to Date through November
Month
2019 vs. 2018 2019 vs. Budget
The table below breaks out Utility Tax by source:
2018 2019 2019
Tax by Type YTD Actual YTD Budget YTD Actual $ % $ %
Electrical 5,121,008$ 4,795,109$ 4,836,276$ (284,732)$ ‐5.6% $ 41,167 0.9%
Natural Gas 1,307,882 1,168,571 1,219,054 (88,828) ‐6.8% 50,483 4.3%
Cell 1,100,008 609,971 703,948 (396,060) ‐36.0% 93,977 15.4%
Phone 748,678 806,515 768,365 19,687 2.6% (38,150)‐4.7%
Cable 1,262,555 1,295,442 1,334,272 71,717 5.7% 38,830 3.0%
Garbage 687,902 716,683 742,611 54,709 7.9% 25,927 3.6%
City Utilities 4,554,499 4,626,043 4,595,589 41,090 0.9% (30,454)‐0.7%
YTD Total 14,782,532$ 14,018,335$ 14,200,114$ (582,418)$ ‐3.9%181,779$ 1.3%
2019 vs. 2018 2019 vs. Budget
Monthly Financial Report City of Renton, Washington November 2019
Page 5 of 16
Gambling Tax
Gambling Tax revenue is 7.8% above 2018 and is 20.2% above budget. The City is projecting Gambling Tax revenues to be
about $3M at the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 210,929$ 195,183$ 83,278$ (127,651)$ ‐60.5% (111,905)$ ‐57.3%
Feb 255,285 206,240 244,652 (10,633) ‐4.2%38,412 18.6%
Mar 245,283 192,766 283,007 37,724 15.4% 90,241 46.8%
Apr 275,795 224,023 259,539 (16,256) ‐5.9%35,516 15.9%
May 222,540 213,164 267,414 44,874 20.2% 54,250 25.4%
Jun 252,663 219,651 282,406 29,743 11.8% 62,755 28.6%
Jul 255,351 219,714 261,167 5,816 2.3% 41,452 18.9%
Aug 226,388 200,573 291,657 65,269 28.8% 91,084 45.4%
Sep 75,748 127,067 281,157 205,409 271.2% 154,090 121.3%
Oct 222,034 197,758 220,033 (2,002) ‐0.9%22,275 11.3%
Nov 228,862 221,032 190,388 (38,474) ‐16.8% (30,644) ‐13.9%
Dec 360,166 282,830 ‐
YTD Total 2,470,879$ 2,217,170$ 2,664,697$ 193,818$ 7.8% 447,527$ 20.2%
Annual Total 2,831,045$ 2,500,000$
Gambling Excise Tax
Year to Date through November
Month
2019 vs. 2018 2019 vs. Budget
Real Estate Excise Tax
REET collections through November are behind 2018 figures by 31.1%, but are 24.2% higher than anticipated. The City is
projecting REET to be around $5.5M by the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 840,316$ 547,193$ 748,462$ (91,854)$ ‐10.9%201,269$ 36.8%
Feb 366,011 205,855 219,686 (146,325) ‐40.0%13,831 6.7%
Mar 291,045 292,784 272,006 (19,039) ‐6.5% (20,778) ‐7.1%
Apr 405,746 231,689 430,070 24,324 6.0% 198,381 85.6%
May 607,431 290,911 456,154 (151,277) ‐24.9%165,243 56.8%
Jun 496,917 364,391 444,031 (52,886) ‐10.6%79,640 21.9%
Jul 846,631 420,991 529,539 (317,092) ‐37.5%108,548 25.8%
Aug 406,944 316,040 472,051 65,107 16.0% 156,011 49.4%
Sep 451,349 317,743 534,380 83,031 18.4% 216,637 68.2%
Oct 1,716,905 608,105 384,156 (1,332,749) ‐77.6% (223,949) ‐36.8%
Nov 976,580 512,951 614,020 (362,560) ‐37.1%101,068 19.7%
Dec 409,249 291,347 ‐
YTD Total 7,405,875$ 4,108,653$ 5,104,555$ (2,301,320)$ ‐31.1%995,901$ 24.2%
Annual Total 7,815,124$ 4,400,000$
*Total REET (GF, DS, & CIP)
Real Estate Excise Tax (REET)*
Year to Date through November
Month
2019 vs. 2018 2019 vs. Budget
Monthly Financial Report City of Renton, Washington November 2019
Page 6 of 16
Business & Occupation Tax
B&O Taxes are $367K more than 2018, and are $1.6M more than budget. The City is projecting B&O Taxes to be around $11M
by the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 1,301,574$ 1,157,100$ 919,391$ (382,183)$ ‐29.4% (237,709)$ ‐20.5%
Feb 1,013,630 900,600 1,317,771 304,141 30.0% 417,171 46.3%
Mar 48,278 42,750 105,983 57,705 119.5% 63,233 147.9%
Apr 5,430,049 4,825,050 583,109 (4,846,940) ‐89.3% (4,241,941) ‐87.9%
May 212,741 189,050 4,272,007 4,059,266 1908.1% 4,082,957 2159.7%
Jun 172,687 153,900 11,365 (161,322) ‐93.4% (142,535) ‐92.6%
Jul 840,839 747,650 478,148 (362,691) ‐43.1% (269,502) ‐36.0%
Aug 451,217 400,900 1,654,529 1,203,312 266.7% 1,253,629 312.7%
Sep 12,193 10,450 45,525 33,332 273.4% 35,075 335.6%
Oct 572,637 509,200 790,586 217,949 38.1% 281,386 55.3%
Nov 632,346 562,400 876,882 244,536 38.7% 314,482 55.9%
Dec 1,026 950 ‐
YTD Total 10,688,191$ 9,499,050$ 11,055,295$ 367,104$ 3.4% 1,556,245$ 16.4%
Annual Total 10,689,217$ 9,500,000$
*Total B&O (GF & CIP)
Year to Date through November
Month
2019 vs. 2018 2019 vs. Budget
Business & Occupation Tax (B&O)*
Licenses and Permits
Licenses and Permits comprise 4% of all resources supporting general governmental activities. Licenses and Permits are
broken down as follows:
2017 2018 2019 2019
Actual Actual Budget Actual $ % $ %
Amusement Licenses 8,400$ 4,980$ 14,000$ ‐$ (4,980)$ 0.0%(14,000)$ 0.0%
Franchise Fees 1,539,350 1,499,915 1,626,699 1,499,893 (21) 0.0% (126,805) ‐7.8%
Business Licenses 820,780 622,041 829,292 961,950 339,909 54.6% 132,658 16.0%
Animal Licenses 86,950 81,460 88,527 76,510 (4,950) ‐6.1% (12,017) ‐13.6%
Building Permits 3,201,566 2,998,342 2,554,037 2,820,365 (177,977) ‐5.9%266,328 10.4%
ROW/Street Excavation Permits 45,759 23,720 45,199 38,995 15,275 64.4%(6,204) ‐13.7%
Special Event Permits 2,000 1,350 1,000 1,995 645 47.8% 995 99.5%
YTD Total 5,704,805$ 5,231,808$ 5,158,753$ 5,399,708$ 167,900$ 3.2% 240,955$ 4.7%
Annual Total 5,985,115$ 5,499,201$ 5,404,552$
Year to Date through August
Revenue
2019 vs. 2018 2019 vs. Budget
Licenses & Permits by Type
Monthly Financial Report City of Renton, Washington November 2019
Page 7 of 16
Franchise Fees
Franchise fee collections are underperforming in comparison to 2018 and budget. The year‐to‐date collections are only $21
less than 2018, but they are $127K less than budget. One customer comprises over 80% of the City’s franchise fee revenue.
Franchise fees related to their account has decreased by 4% and is accounting for the majority of the budget difference. The
City is projecting franchise fees to be around $1.5M by the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 371,458$ 402,667$ 36,388$ (335,070)$ ‐90.2% (366,278)$ ‐91.0%
Feb 16,600 12,257 342,814 326,214 1965.1% 330,557 2696.9%
Mar 15,792 13,323 26,075 10,283 65.1% 12,752 95.7%
Apr 37,420 217,862 321,069 283,649 758.0% 103,206 47.4%
May 340,622 186,425 20,400 (320,222) ‐94.0% (166,025) ‐89.1%
Jun 1,050 11,976 14,400 13,350 1271.4% 2,424 20.2%
Jul 344,386 367,567 337,436 (6,950) ‐2.0% (30,131) ‐8.2%
Aug 15,193 12,253 20,400 5,207 34.3% 8,147 66.5%
Sep ‐ 4,683 18,600 18,600 100.0% 13,917 297.2%
Oct 346,194 386,072 346,111 (83) 0.0% (39,960) ‐10.4%
Nov 11,200 11,614 16,200 5,000 44.6% 4,586 39.5%
Dec 9,000 16,993 ‐
YTD Total 1,499,915$ 1,626,699$ 1,499,893$ (21)$ 0.0% (126,805)$ ‐7.8%
Annual Total 1,508,915$ 1,643,692$
Franchise Fees
Year to Date through November
Month
2019 vs. 2018 2019 vs. Budget
Business Licenses
Business license collections are 54.6% above 2018 and are 16% above budget. The City is projecting Business License
collections to be just over $1M by the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 327,143$ 240,507$ 281,106$ (46,037)$ ‐14.1%40,599$ 16.9%
Feb 130,035 116,909 348,391 218,356 167.9% 231,482 198.0%
Mar 33,578 35,025 115,148 81,571 242.9% 80,123 228.8%
Apr 27,803 79,229 60,577 32,774 117.9%(18,652) ‐23.5%
May 29,033 65,584 34,260 5,227 18.0%(31,324) ‐47.8%
Jun 19,583 25,830 21,894 2,311 11.8%(3,936) ‐15.2%
Jul 13,430 81,077 15,985 2,555 19.0%(65,092) ‐80.3%
Aug 14,850 48,583 21,104 6,254 42.1%(27,479) ‐56.6%
Sep 8,889 26,557 18,139 9,250 104.1%(8,418) ‐31.7%
Oct 9,750 72,453 14,123 4,373 44.9%(58,330) ‐80.5%
Nov 7,950 37,538 31,224 23,274 292.8%(6,314) ‐16.8%
Dec 54,000 52,163 ‐
YTD Total 622,041$ 829,292$ 961,950$ 339,909$ 54.6% 132,658$ 16.0%
Annual Total 676,041$ 881,455$
Business Licenses
Year to Date through November
Month
2019 vs. 2018 2019 vs. Budget
Monthly Financial Report City of Renton, Washington November 2019
Page 8 of 16
Building Permits
Building permits are collected upon permit issuance. Building permits are underperforming compared to 2018. This is due to
a general slow‐down in the construction industry. The City is projecting Building Permits to be around $3M by the end of the
year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 188,207$ 165,270$ 203,502$ 15,295$ 8.1% 38,232$ 23.1%
Feb 184,749 148,061 240,102 55,353 30.0% 92,041 62.2%
Mar 476,543 354,626 240,197 (236,346) ‐49.6% (114,429) ‐32.3%
Apr 281,916 189,263 204,404 (77,512) ‐27.5%15,141 8.0%
May 289,639 288,592 229,378 (60,261) ‐20.8% (59,214) ‐20.5%
Jun 226,866 273,164 320,264 93,398 41.2% 47,100 17.2%
Jul 370,717 225,781 277,680 (93,037) ‐25.1%51,899 23.0%
Aug 311,562 275,344 281,848 (29,714) ‐9.5%6,504 2.4%
Sep 241,667 242,334 367,497 125,830 52.1% 125,163 51.6%
Oct 248,276 185,441 272,064 23,789 9.6% 86,623 46.7%
Nov 178,199 206,161 183,427 5,228 2.9%(22,734) ‐11.0%
Dec 198,984 170,694 ‐
YTD Total 2,998,342$ 2,554,037$ 2,820,365$ (177,977)$ ‐5.9%266,328$ 10.4%
Annual Total 3,197,325$ 2,724,731$
Building Permits
Year to Date through November
Month
2019 vs. 2018 2019 vs. Budget
Intergovernmental
Intergovernmental revenues comprise 3% of all resources supporting general governmental activities. Intergovernmental
revenues are broken down as follows:
2017 2018 2019 2019
Actual Actual Budget Actual $ % $ %
State Shared Revenue 2,955,104$ 3,207,371$ 3,475,462$ 3,814,095$ 606,724$ 18.9% 338,633$ 9.7%
Federal Grants 129,925 196,723 364,448 125,605 (71,118) ‐36.2% (238,843) ‐65.5%
State Grants 30,032 56,189 40,611 65,878 9,688 17.2% 25,266 62.2%
Local Grants 153,445 94,663 321,880 195,566 100,903 106.6%(126,314) ‐39.2%
YTD Total 3,268,506$ 3,554,946$ 4,202,402$ 4,201,144$ 646,198$ 18.2%(1,258)$ 0.0%
Annual Total 4,210,533$ 4,162,854$ 5,462,108$
Intergovernmental by Type
Revenue
2019 vs. 2018 2019 vs. Budget
Year to Date through November
Monthly Financial Report City of Renton, Washington November 2019
Page 9 of 16
State Shared Revenues
State shared revenues comprise 91% of total Intergovernmental revenues. They are over performing in comparison to both
2018 and budget. The City is projecting State Shared Revenues to be around $4.3M by the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 338,755$ 375,421$ 351,525$ 12,771$ 3.8%(23,896)$ ‐6.4%
Feb 124,977 162,985 109,742 (15,235) ‐12.2% (53,243) ‐32.7%
Mar 342,251 386,928 404,722 62,471 18.3% 17,794 4.6%
Apr 348,999 380,602 371,513 22,514 6.5%(9,089) ‐2.4%
May 124,231 172,348 106,454 (17,777) ‐14.3% (65,894) ‐38.2%
Jun 516,595 400,983 402,102 (114,494) ‐22.2%1,119 0.3%
Jul 343,127 388,844 765,393 422,266 123.1% 376,549 96.8%
Aug 142,980 190,024 184,451 41,472 29.0%(5,573) ‐2.9%
Sep 416,763 420,695 476,278 59,515 14.3% 55,583 13.2%
Oct 330,423 401,821 465,665 135,242 40.9% 63,843 15.9%
Nov 178,271 194,811 176,251 (2,020) ‐1.1% (18,560) ‐9.5%
Dec 412,208 416,908 ‐
YTD Total 3,207,371$ 3,475,462$ 3,814,095$ 606,724$ 18.9% 338,633$ 9.7%
Annual Total 3,619,579$ 3,892,370$
State Shared Revenue
Year to Date through November
Month
2019 vs. 2018 2019 vs. Budget
State shared revenues are broken down as follows:
2018 2019 2019
Tax by Type YTD Actual YTD Budget YTD Actual$%$%
Judicial Contribution 16,533$ 14,118$ 21,666$ 5,133$ 31.1% 7,548$ 53.5%
Crim Just ‐ High Crime 284,633 276,071 289,405 4,772 1.7% 13,334 4.8%
Crim Just ‐ Pop 29,781 24,725 31,208 1,427 4.8% 6,483 26.2%
Crim Just ‐ Spec Prog 107,640 110,204 112,281 4,641 4.3% 2,077 1.9%
State DUI 15,182 17,777 14,506 (676) ‐4.5% (3,271) ‐18.4%
Marijuana Distribution 213,889 ‐ 157,631 (56,258) ‐26.3%157,631 100.0%
Liquor Profits 638,266 637,608 636,508 (1,757) ‐0.3% (1,100) ‐0.2%
Liquor Excise Tax 519,189 490,000 569,220 50,030 9.6% 79,220 16.2%
Fuel Tax 1,382,259 1,904,958 1,981,670 599,411 43.4% 76,712 4.0%
YTD Total 3,207,371$ 3,475,462$ 3,814,095$ 606,724$ 18.9%338,633$ 9.7%
2019 vs. 2018 2019 vs. Budget
Charges for Services
Charges for Services revenues comprise 7% of all resources supporting general governmental activities. Charges for Services
revenues are broken down as follows:
2017 2018 2019 2019
Actual Actual Budget Actual $ % $ %
Passport Fees 54,874 46,180 55,948 30,735 (15,445) ‐33.4% (25,213) ‐45.1%
Court Services 38,468 34,203 10,095 54,805 20,602 60.2% 44,710 442.9%
General Government Services 2,604 1,403 485 1,878 475 33.9% 1,392 286.9%
Public Safety Services 757,145 1,080,285 924,948 979,519 (100,766) ‐9.3%54,571 5.9%
Development Services 1,762,430 1,670,676 1,783,093 1,958,246 287,570 17.2% 175,153 9.8%
Transportation Services 40,008 16,952 ‐ 17,144 192 1.1% 17,144 100.0%
Recreation/Farmer's Market/Events 1,676,377 1,509,479 1,414,340 1,500,545 (8,934) ‐0.6%86,205 6.1%
Interfund Services 3,614,187 3,575,459 4,409,971 3,815,608 240,149 6.7%(594,363) ‐13.5%
YTD Total 7,946,092$ 7,934,638$ 8,598,880$ 8,358,481$ 423,843$ 5.3%(240,400)$ ‐2.8%
Annual Total 8,588,772$ 8,531,218$ 9,291,414$
Year to Date through November
Charges for Services by Type
Revenue
2019 vs. 2018 2019 vs. Budget
Monthly Financial Report City of Renton, Washington November 2019
Page 10 of 16
Development Services
Development Services revenues are comprised of CED administrative, planning, and inspection fees. They are over performing
both 2018 and budget. The City is projecting Development Services revenues to be around $2.1M by the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 146,322$ 180,713$ 420,597$ 274,275$ 187.4% 239,885$ 132.7%
Feb 128,559 118,057 173,054 44,495 34.6% 54,997 46.6%
Mar 155,996 151,183 92,524 (63,472) ‐40.7% (58,659) ‐38.8%
Apr 150,656 129,799 160,164 9,508 6.3% 30,365 23.4%
May 166,578 212,795 187,376 20,798 12.5%(25,419) ‐11.9%
Jun 151,555 183,838 172,337 20,782 13.7%(11,501) ‐6.3%
Jul 123,390 121,517 194,832 71,442 57.9% 73,315 60.3%
Aug 125,834 167,768 110,056 (15,778) ‐12.5% (57,712) ‐34.4%
Sep 78,072 104,875 167,170 89,098 114.1% 62,295 59.4%
Oct 208,903 181,167 151,169 (57,733) ‐27.6% (29,997) ‐16.6%
Nov 234,811 231,382 128,967 (105,844) ‐45.1% (102,415) ‐44.3%
Dec 123,834 166,678 ‐
YTD Total 1,670,676$ 1,783,093$ 1,958,246$ 287,570$ 17.2% 175,153$ 9.8%
Annual Total 1,794,511$ 1,949,771$
Development Services
Year to Date through November
Month
2019 vs. 2018 2019 vs. Budget
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 Services revenues to be $4.2M at
year‐end.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 341,804$ 412,545$ 355,266$ 13,461$ 3.9%(57,279)$ ‐13.9%
Feb 344,339 407,400 340,799 (3,540) ‐1.0% (66,601) ‐16.3%
Mar 378,470 463,506 341,533 (36,937) ‐9.8% (121,973) ‐26.3%
Apr 332,894 407,942 365,875 32,981 9.9%(42,067) ‐10.3%
May 328,765 405,632 342,950 14,185 4.3%(62,682) ‐15.5%
Jun 320,735 394,506 334,732 13,996 4.4%(59,775) ‐15.2%
Jul 236,427 338,145 302,849 66,422 28.1%(35,296) ‐10.4%
Aug 313,949 374,081 355,757 41,808 13.3%(18,324) ‐4.9%
Sep 314,193 407,958 338,986 24,793 7.9%(68,972) ‐16.9%
Oct 330,901 399,885 401,481 70,579 21.3% 1,595 0.4%
Nov 332,981 398,370 335,380 2,399 0.7%(62,990) ‐15.8%
Dec 324,948 384,647 ‐
YTD Total 3,575,459$ 4,409,971$ 3,815,608$ 240,149$ 6.7%(594,363)$ ‐13.5%
Annual Total 3,900,407$ 4,794,617$
Month
2019 vs. 2018 2019 vs. Budget
Interfund Services
Year to Date through November
Monthly Financial Report City of Renton, Washington November 2019
Page 11 of 16
Fines and Penalties
Fines and Penalties revenues comprise 4% of all resources supporting general governmental activities. Fines and Penalties
revenues are broken down as follows:
2017 2018 2019 2019
Actual Actual Budget Actual $ % $ %
Civil Penalties 443,477$ 495,304$ 567,847$ 403,022$ (92,282)$ ‐18.6% (164,825)$ ‐29.0%
Photo Enforcement Program 1,924,564 3,118,804 3,548,589 3,614,397 495,592 15.9% 65,808 1.9%
Criminal Traffic Misdemeanor Fines 69,133 64,081 70,579 52,950 (11,131) ‐17.4% (17,629) ‐25.0%
Criminal Non‐Traffic Fines 70,281 66,187 27,306 77,061 10,874 16.4% 49,755 182.2%
Criminal Costs 74,421 88,185 16,307 63,802 (24,383) ‐27.7%47,495 291.3%
Non‐Court Fines, Forfeitures and Penalties 39,035 35,196 162,376 72,070 36,875 104.8%(90,306) ‐55.6%
YTD Total 2,620,911$ 3,867,757$ 4,393,004$ 4,283,302$ 415,545$ 10.7%(109,702)$ ‐2.5%
Annual Total 2,946,849$ 4,273,192$ 4,907,750$
Year to Date through August
Revenue
2019 vs. 2018 2019 vs. Budget
Fines and Penalties by Type
Photo Enforcement Program
Included in the Fines and Penalties annual revenue budget is $3.4M from the Photo Enforcement program. The program is
over performing both 2018 and budget. The City is projecting Photo Enforcement Program revenues to be around $4M by
the end of the year.
The associated costs include the equipment provided by American Traffic Solutions, Inc. (ATS), dedicated 2 FTE in the Court
Services Department to process the increased caseload.
19 Budget 19 Actual 2019 vs. 2018 18 Actual 19 Budget 19 Actual 19 Net
Jan 200,462$ 214,193$ 77,340$ 25,705$ 35,413$ 27,802$ 186,391$
Feb 231,523 285,643 131,055 93,460 121,321 127,071 158,572
Mar 246,496 399,499 220,466 93,469 121,318 127,058 272,441
Apr 214,947 387,303 264,441 93,469 121,322 127,068 260,235
May 262,456 280,350 108,873 93,463 121,316 127,067 153,283
Jun 285,319 344,616 189,471 93,460 121,310 27,802 316,814
Jul 431,039 387,738 2,205 25,705 78,365 27,802 359,936
Aug 545,404 303,087 (192,154) 115,458 135,269 325,588 (22,500)
Sep 420,585 302,280 (106,379) 115,466 135,268 27,802 274,479
Oct 541,913 394,008 (111,213) 115,469 135,268 226,321 167,686
Nov 437,429 315,679 (88,513) 124,973 141,293 127,074 188,605
Dec 411,834 ‐ ‐224,231 247,161 ‐ ‐
YTD Total 3,817,571$ 3,614,397$ 495,592$ 990,094$ 1,267,462$ 1,298,456$ 2,315,941$
Annual Total 4,229,405$ 1,214,324$ 1,514,623$
Month
Revenues
Photo Enforcement Program
Year to Date through November
Expenses
Monthly Financial Report City of Renton, Washington November 2019
Page 12 of 16
Miscellaneous
Miscellaneous revenues comprise 3% of all resources supporting general governmental activities. Miscellaneous revenues
are broken down as follows:
2017 2018 2019 2019
Actual Actual Budget Actual $ % $ %
Interest and Other Investment Earnings 773,659$ 987,964$ 876,603$ 1,186,910$ 198,946$ 20.1% 310,307$ 35.4%
Rents, Leases, and Concessions 1,694,990 1,628,155 1,518,212 1,566,240 (61,916) ‐3.8%48,027 3.2%
Contributions/Donations from Private Source 125,841 156,789 168,899 251,765 94,976 60.6% 82,866 49.1%
Seizure Funds ‐ Federal/State/Local 168,830 279,998 ‐ 84,702 (195,297) ‐69.7%84,702 100.0%
Other 311,016 240,185 242,928 284,451 44,266 18.4% 41,523 17.1%
YTD Total 3,074,335$ 3,293,091$ 2,806,641$ 3,374,067$ 80,976$ 2.5% 567,425$ 20.2%
Annual Total 3,649,183$ 3,667,475$ 3,238,358$
Year to Date through August
Revenue
2019 vs. 2018 2019 vs. Budget
Miscellaneous by Type
Interest and Other Investment Earnings
Interest and Other Investment Earnings revenue is over performing both 2018 and budget. The City is projecting Interest and
Other Investment Earnings revenue to be around $1.5M by the end of the year.
2018 2019 2019
Actual Budget Actual $ % $ %
Jan 74,999$ 66,440$ 100,598$ 25,599$ 34.1% 34,158$ 51.4%
Feb 79,753 71,241 101,195 21,442 26.9% 29,954 42.0%
Mar 88,282 76,787 118,607 30,325 34.4% 41,820 54.5%
Apr 78,693 74,223 116,741 38,048 48.4% 42,518 57.3%
May 92,472 81,145 106,701 14,229 15.4% 25,557 31.5%
Jun 95,060 83,803 111,735 16,676 17.5% 27,932 33.3%
Jul 95,410 84,029 112,442 17,032 17.9% 28,413 33.8%
Aug 98,465 86,235 107,728 9,263 9.4% 21,493 24.9%
Sep 90,201 81,773 104,927 14,726 16.3% 23,154 28.3%
Oct 95,798 84,528 102,643 6,845 7.1% 18,115 21.4%
Nov 98,832 86,399 103,592 4,760 4.8% 17,193 19.9%
Dec 155,514 253,397 ‐
YTD Total 987,964$ 876,603$ 1,186,910$ 198,946$ 20.1% 310,307$ 35.4%
Annual Total 1,143,478$ 1,130,000$
Interest and Other Investment Earnings
Year to Date through November
Month
2019 vs. 2018 2019 vs. Budget
EXPENSES
Overall, the City has expended 79.9% of its budgeted general governmental expenditures at the end of November. This is
$7.5M or 6.5% below year‐to‐date budgeted expenditures.
The Community Services Admin division is over the year‐to‐date budget by $85k. This is due entirely to the timing of
expenditures. The City is not expecting the Community Services Admin division to be over budget at the end of the year.
The Museum is over the year‐to‐date budget by $324 or .1%. This is due to the increased use/cost of part‐time staff. Use of
part‐time staff is variable depending on staffing needs and is easily managed. The City is not projecting the Museum to be
over budget at the end of the year.
Monthly Financial Report City of Renton, Washington November 2019
Page 13 of 16
ENTERPRISE FUNDS
The table below gives an analysis of all City Enterprise funds. Displayed are the year‐to‐date revenues and expenditures for
each enterprise. Included in each funds are the capital revenues and expenditures.
Airport Golf Course Solid Waste
Utility Water Utility Wastewater
Utility
Surface Water
Utility Metro
REVENUES:
Licenses and permits ‐$ ‐$ ‐$ ‐$ 107,529$ 49,650$ ‐$
Grants / intergovernmental 198,148 ‐ 167,153 ‐ ‐ 1,260,393 ‐
Charges for services 268,081 1,880,979 17,744,890 16,220,071 9,967,547 10,856,259 15,851,391
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 617 ‐ ‐ ‐ 616 ‐ ‐
Rents, leases, and misc fees 2,628,004 434,325 ‐ 174,577 ‐ ‐ ‐
Interest and other misc 79,310 7,839 30,288 889,879 729,146 603,640 72,862
TOTAL REVENUES 3,174,160 2,323,143 17,942,332 17,284,527 10,804,838 12,769,942 15,924,253
EXPENSES:
Utility billing ‐ ‐ 39,787 156,554 126,468 193,242 ‐
Utility systems ‐ ‐ 17,774,554 4,029,738 3,605,623 3,615,587 ‐
Utility maintenance ‐ ‐ 357,811 5,533,789 1,988,226 2,908,341 15,488,291
Transportation 1,848,820 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 2,159,003 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 1,848,820 2,159,003 18,172,152 9,720,081 5,720,317 6,717,170 15,488,291
AMOUNT AVAILABLE FOR DEBT
SERVICE 1,325,340 164,140 (229,820) 7,564,446 5,084,521 6,052,772 435,962
DEBT SERVICE:
Principal ‐ ‐ ‐ 345,818 ‐ ‐ ‐
Interest ‐ ‐ ‐ 112,123 47,919 532,840 ‐
TOTAL DEBT SERVICE ‐ ‐ ‐ 457,941 47,919 532,840 ‐
CAPITAL PROJECTS 174,728 14,140 ‐ 5,399,531 2,987,791 2,624,939 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ (2,855) 27,588 (1,343) ‐
CHANGE IN FUND BALANCE 1,150,612 150,000 (229,820) 1,704,119 2,076,399 2,893,650 435,962
BEGINNING FUND BALANCE, Jan 1 4,985,377 110,812 2,276,333 37,957,336 18,681,655 16,254,097 5,512,418
ENDING FUND BALANCE, Nov 30 6,135,989$ 260,812$ 2,046,513$ 39,661,455$ 20,758,054$ 19,147,747$ 5,948,380$
Monthly Financial Report City of Renton, Washington November 2019
Page 14 of 16
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 ‐$ 296,516$ ‐$ ‐$ ‐$ ‐$ ‐$
Grants / intergovernmental ‐ ‐ ‐ ‐ ‐ ‐ 35,898
Charges for services:
Equipment rental m&o 2,231,959 4,552,363 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ ‐ ‐ 409,671 ‐ ‐ ‐
Communications ‐ 19,823 ‐ 603,073 ‐ ‐ ‐
Facilities ‐ ‐ 3,936,796 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ ‐ ‐ ‐ ‐ ‐ ‐
IT service contracts ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest and other misc 74,690 47,379 14,342 8,470 225,748 56,092 175,854
Internal service fund misc:
Vehicle / equipment capital recovery 2,462,698 ‐ ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 1,547,942 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 1,347,565 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 9,290,787 2,405,960
Other misc 4,553 689 135,897 424 50,000 945,371 ‐
Interfund Loan ‐ ‐ ‐ ‐ 175,000 ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 57,551 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 133,214 ‐ ‐
TOTAL REVENUES 4,831,451 4,916,770 4,087,035 1,021,638 3,479,469 10,292,250 2,617,712
EXPENSES:
Communications ‐ ‐ ‐ 521,348 ‐ ‐ ‐
Equipment rental 2,630,128 ‐ ‐ ‐ ‐ ‐ ‐
Facilities ‐ ‐ 4,834,469 ‐ ‐ ‐ ‐
Healthcare ‐ ‐ ‐ ‐ ‐ 9,074,120 ‐
Information technology ‐ 4,760,000 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ ‐ ‐ 379,287 ‐ ‐ ‐
Retiree healthcare ‐ ‐ ‐ ‐ ‐ ‐ 834,116
Risk management:‐ ‐ ‐ ‐ ‐ ‐ ‐
Risk management ‐ ‐ ‐ ‐ 1,366,631 ‐ ‐
Unemployment ‐ ‐ ‐ ‐ 47,860 ‐ ‐
Worker's compensation ‐ ‐ ‐ ‐ 660,375 ‐ ‐
TOTAL EXPENSES 2,630,128 4,760,000 4,834,469 900,635 2,074,866 9,074,120 834,116
AMOUNT AVAILABLE FOR CAPITAL 2,201,323 156,770 (747,434) 121,003 1,404,603 1,218,130 1,783,596
CAPITAL PROJECTS 4,031,567 292,195 10,901 ‐ ‐ ‐ ‐
TRANSFERS IN ‐ 60,483 12,389 ‐ ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ (5,220) ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE (1,830,244) (74,942) (751,166) 121,003 1,404,603 1,218,130 1,783,596
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, Nov 30 4,662,774$ 3,859,466$ 625,693$ 806,596$ 19,926,757$ 5,477,641$ 15,660,224$
Monthly Financial Report City of Renton, Washington November 2019
Page 15 of 16
FUND BALANCE
Page 16 shows the ending fund balance as of November 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 November, the City has $58.8M reported in the combined general governmental fund balance of the current
year’s operating budget, which is approximately 44% of budgeted operating expenditures. This is an increase of $14.3M from
the year’s beginning balance. November’s ending fund balance is over the anticipated General Governmental Fund Balance
of $45M by $14.3M or 32%. 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 November 2019
Page 16 of 16
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Budgetary Basis through November 30, 2019
Funds
Balance
01/01/2019
Budgeted
Revenue
Revenue
11/30/19
Total Funds
Available
Budgeted
Expenditure
Expenditure
11/30/19 Ending Balance
GENERAL FUND: 44,578,377 125,561,221 121,238,951 165,817,328 133,793,547 106,940,852 58,876,476
SPECIAL REVENUE FUNDS: 1,875,558 528,039 741,871 2,617,429 1,022,040 580,307 2,037,122
102 Arterial Street 163,671 103,365 ‐ 163,671 267,036 163,671 (0)
110 Hotel Motel 722,387 225,000 521,674 1,244,061 444,647 240,398 1,003,663
125 Municipal Art 119,446 102,000 84,050 203,496 204,683 123,813 79,682
127 Cable Communication 529,159 97,674 132,143 661,302 105,674 52,425 608,878
135 Springbrook Wetlands Bank 340,895 ‐ 4,004 344,899 ‐ ‐ 344,899
DEBT SERVICE FUND: 2,307,173 8,444,717 6,605,837 8,913,010 7,914,936 1,215,205 7,697,805
CAPITAL PROJECT FUNDS (CIP): 39,310,931 66,788,339 30,656,927 69,967,858 89,093,108 15,105,057 54,862,801
303 Community Services Mitigation 2,578,256 86,500 466,420 3,044,676 1,200,000 ‐ 3,044,676
305 Transportation Mitigation 3,332,524 1,020,000 1,848,355 5,180,879 2,324,200 ‐ 5,180,879
316 Municipal Facilities CIP 20,675,238 20,470,370 15,817,882 36,493,120 39,952,505 8,975,703 27,517,417
317 Transportation CIP 5,492,313 40,114,969 12,398,750 17,891,063 43,712,273 5,562,527 12,328,536
326 Housing Opportunity 2,582,203 21,500 31,587 2,613,790 68,900 42,984 2,570,806
336 New Library Development 456,591 ‐ 4,404 460,995 445,591 ‐ 460,995
346 New Family First Center Dvlpmnt 4,193,806 5,075,000 89,529 4,283,335 1,389,638 523,844 3,759,491
ENTERPRISE FUNDS: 85,778,028 93,212,578 80,323,928 166,101,956 146,734,698 72,143,007 93,958,949
4X2 Airport Operating & CIP 4,985,377 3,298,685 3,174,160 8,159,537 7,912,888 2,023,548 6,135,989
403 Solid Waste Utility 2,276,333 19,512,021 17,942,332 20,218,665 19,403,677 18,172,152 2,046,513
4X4 Golf Operating & CIP 110,812 2,447,340 2,389,143 2,499,955 2,354,233 2,239,143 260,812
4X5 Water Operating & CIP 37,957,336 18,841,192 17,284,526 55,241,862 48,784,107 15,580,407 39,661,455
4X6 Waste Water Operating & CIP 18,681,655 11,582,615 10,833,194 29,514,849 24,728,976 8,756,794 20,758,054
416 King County Metro 5,512,418 16,922,613 15,924,253 21,436,671 16,922,613 15,488,291 5,948,380
4X7 Surface Water Operating & CIP 16,254,097 20,608,113 12,776,321 29,030,418 26,628,203 9,882,671 19,147,747
INTERNAL SERVICE FUNDS: 49,148,171 35,865,075 31,319,201 80,467,372 40,529,415 29,448,219 51,019,152
501 Equipment Repair/Replacement 6,493,018 7,705,395 4,831,452 11,324,470 9,249,649 6,661,695 4,662,774
502 Insurance 18,522,154 3,343,143 3,479,469 22,001,623 4,216,235 2,074,866 19,926,757
503 Information Services 3,934,408 6,122,843 4,977,255 8,911,663 7,758,840 5,052,197 3,859,466
504 Facilities 1,376,859 5,318,843 4,099,424 5,476,283 5,538,128 4,850,590 625,693
505 Communications 685,593 1,105,816 1,021,639 1,707,232 1,132,460 900,635 806,596
512 Insurance, Healthcare 4,259,511 11,027,762 10,292,250 14,551,761 11,655,841 9,074,120 5,477,642
522 Insurance, Leoff1 Retirees HC 13,876,628 1,241,273 2,617,713 16,494,341 978,262 834,116 15,660,225
FIDUCIARY FUNDS: 7,146,983 468,000 612,314 7,759,297 210,475 178,207 7,581,090
304 Fire Mitigation 1,455,669 99,000 780,274 2,235,943 128,576 ‐ 2,235,943
611 Firemen's Pension 7,146,983 468,000 612,314 7,759,297 210,475 178,207 7,581,090
TOTAL FUNDS 231,600,890 330,966,969 272,279,304 503,880,193 419,426,795 225,610,854 278,269,339