HomeMy WebLinkAbout201409, September.pdf ADMINISTRATIVE SERVICES
DEPARTMENT
M E M O R A N D U M
DATE: October 23, 2014
TO: Don Persson, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: September 2014 Financial Status Report
At the end of September, general governmental revenues show $3.5 million or 4.8% over
budget. Revenues sources that are higher than expected are: sales tax ($823k); sales tax
annexation credit ($223k); state shared revenue ($341k); real estate excise tax ($1 million);
building permits & development service fees ($889k), interest and other earnings ($336k), and
other miscellaneous ($116k). On the down side, the revenue sources that are underperforming
the year to date budget is fines/penalties ($358k below).
General government expenditures showed a favorable variance of $1.8 million or 2.2%. See
page 9 of report for further expenditure over‐spent explanations.
The attached report provides more detailed discussion of each revenue source and our updated
projections for the year. Please do not hesitate to contact me at x6952 should you have any
questions or any suggestions about the report.
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General Governmental Funds
$%
Beginning Fund Balance 11,057,551$ 11,057,551$ 15,575,840$ 15,575,840$ 17,454,261$ 17,454,261$ 17,454,261$ ‐ 0.0%
OPERATING REVENUES
Property Tax 33,466,364 18,243,056 32,485,690 17,560,252 35,240,495 19,130,963 19,063,243 (67,719) ‐0.4%
Sales Tax 18,564,670 13,569,401 20,416,372 15,137,125 20,196,000 15,025,946 15,848,576 822,630 5.5%
Sales Tax ‐ Annexation Credit 2,208,492 1,616,174 2,418,789 1,794,409 2,236,262 1,648,259 1,871,383 223,124 13.5%
Criminal Justice Sales Tax 1,924,470 1,411,031 2,091,174 1,539,899 2,000,000 1,469,717 1,667,795 198,078 13.5%
Natural Gas Use Tax 272,530 237,769 263,660 215,644 300,000 253,686 226,754 (26,932) ‐10.6%
Admission Tax 311,054 235,808 327,258 240,300 308,000 229,733 233,681 3,947 1.7%
Franchise Fees 1,262,188 904,991 1,312,727 943,042 1,260,000 904,310 970,939 66,629 7.4%
Electricity Tax 5,211,111 3,941,360 5,155,789 3,914,651 5,409,000 4,098,926 3,921,538 (177,389) ‐4.3%
Natural Gas Utility Tax 1,669,967 1,336,635 1,550,900 1,202,418 1,500,520 1,182,880 1,252,156 69,276 5.9%
Garbage/Solid Waste 330,607 236,134 397,596 308,417 300,000 224,341 432,124 207,783 92.6%
TV Cable 1,423,664 1,046,925 1,481,779 1,089,195 1,529,365 1,124,410 1,123,450 (960) ‐0.1%
Telephone 1,056,420 749,210 917,021 698,254 952,500 698,632 686,565 (12,067) ‐1.7%
Cellular Phone 2,183,853 1,709,535 2,050,312 1,542,260 2,077,000 1,595,115 1,398,185 (196,930) ‐12.3%
City Utilities 3,806,281 2,845,421 3,964,989 3,009,627 3,791,465 2,856,574 3,006,754 150,180 5.3%
Utility Tax Audit ‐ ‐ ‐ ‐ 400,000 400,000 460,513 60,513 15.1%
Leasehold Excise Tax 158,849 92,045 164,637 94,965 145,000 83,826 101,390 17,564 21.0%
Gambling Excise Tax 1,691,209 1,273,344 1,319,585 941,208 1,600,000 1,176,859 1,188,994 12,135 1.0%
Real Estate Excise Tax 2,811,902 1,864,830 4,131,665 2,268,082 2,900,000 2,564,642 3,596,857 1,032,215 40.2%
Less: CIP REET (943,792) (368,361) (700,000) (436,184) (550,000) (682,151) (682,151) ‐ 0.0%
EMS Levy 885,781 442,891 916,361 458,181 900,000 676,175 676,175 (0) 0.0%
Business License Fees 444,680 329,180 503,766 376,215 533,067 396,462 384,225 (12,237) ‐3.1%
Animal Licenses and Spec Events Permits 91,835 76,640 99,411 83,715 90,000 74,787 81,599 6,811 9.1%
Building Permits & Development Svc Fees 3,552,369 2,397,568 4,001,625 2,820,054 3,705,701 2,542,968 3,431,861 888,894 35.0%
Intergovt'l (Grants, State Shared, etc) 4,593,185 3,549,535 3,863,974 3,016,992 4,216,989 3,289,792 3,425,085 135,293 4.1%
Fire District 25 and 40 Contracts 6,155,621 3,226,625 5,726,895 3,018,575 5,877,463 3,206,518 3,206,518 ‐ 0.0%
Public Safety 485,899 353,966 680,581 496,475 774,535 564,687 552,375 (12,312) ‐2.2%
Culture and Recreation 1,494,165 1,281,861 1,494,580 1,282,229 1,525,863 1,309,061 1,346,998 37,937 2.9%
Interfund/Interdept‐Services 3,311,715 2,400,424 3,464,913 2,662,001 3,332,794 2,499,596 2,496,042 (3,553) ‐0.1%
Fines and Penalties 1,046,246 717,053 1,137,140 790,356 1,108,500 765,254 747,208 (18,045) ‐2.4%
Photo Enforcement 1,976,203 1,445,171 1,629,524 1,314,189 1,950,000 1,492,280 1,152,252 (340,028) ‐22.8%
Seizure Funds ‐ Federal/State/Local 37,941 31,767 50,639 34,876 180,693 124,447 59,352 (65,094) ‐52.3%
Interests and Other Earnings 342,424 74,233 423,609 79,852 770,300 154,944 491,442 336,498 217.2%
Rents, Leases, and Concessions 822,428 670,969 734,530 636,377 756,464 635,187 635,825 637 0.1%
Contributions and Donations 124,082 104,431 84,320 73,345 96,100 81,977 83,499 1,522 1.9%
Other Miscellaneous 564,571 390,512 684,187 529,590 646,630 487,749 604,216 116,467 23.9%
Other Financing Sources (Transfer‐In, etc) 5,118,188 160,342 299,527 20,415 ‐ ‐ 27,482 27,482 100.0%
Total Operating Revenues 108,457,170 68,598,474 105,545,527 69,756,998 108,060,706 72,288,552 75,770,901 3,482,348 4.8%
OPERATING EXPENDITURES
Council 278,768 207,888 289,911 216,073 309,907 231,042 234,318 (3,276) ‐1.4%
Executive 1,377,109 1,001,508 1,240,910 919,138 1,359,996 997,727 972,904 24,823 2.5%
City Attorney 1,706,320 1,261,497 1,922,225 1,315,727 1,863,395 1,323,502 1,352,254 (28,752) ‐2.2%
Court Services 2,074,980 1,559,621 2,003,104 1,468,967 2,094,010 1,555,116 1,495,607 59,510 3.8%
Community and Eco Dvlpmnt Admin 942,071 708,111 1,047,860 771,885 1,012,142 752,773 756,148 (3,375) ‐0.4%
Development Services 3,103,568 2,272,559 3,243,702 2,425,328 3,040,435 2,250,357 2,003,133 247,223 11.0%
Economic Development 529,043 394,501 467,511 341,333 644,063 475,562 465,775 9,787 2.1%
Planning 1,482,233 1,121,575 1,510,707 1,133,145 2,261,206 1,703,471 1,486,360 217,110 12.7%
Finance 2,221,882 1,487,821 2,274,147 1,491,143 2,644,758 1,752,355 1,770,575 (18,220) ‐1.0%
City Clerk 997,434 785,006 1,020,822 830,214 1,125,927 901,085 783,328 117,757 13.1%
Human Resources 937,412 700,143 904,182 658,189 1,002,994 739,793 677,205 62,589 8.5%
Police 25,004,580 18,758,350 24,946,784 18,763,787 26,116,637 19,618,124 19,466,352 151,771 0.8%
Jail Services 3,489,616 2,616,541 3,814,042 2,860,536 4,500,000 2,820,696 2,820,696 ‐ 0.0%
Fire 24,173,315 18,352,396 24,444,372 18,346,018 25,219,873 19,036,886 19,047,501 (10,615) ‐0.1%
Community Services Admin 434,558 320,209 452,146 336,859 493,982 366,052 350,076 15,975 4.4%
Parks 4,004,054 2,927,216 4,024,756 3,002,198 4,311,514 3,184,127 3,062,286 121,842 3.8%
Parks Planning & Natural Resources 577,934 417,421 829,250 484,402 880,373 564,205 520,028 44,178 7.8%
Recreation 4,982,229 3,831,606 4,846,970 3,822,962 5,111,272 3,980,445 3,741,873 238,571 6.0%
Human Services 1,193,871 797,375 1,162,330 749,137 1,250,790 820,966 778,514 42,452 5.2%
Neighborhoods, Resources, & Events 701,673 486,854 770,841 582,563 979,716 711,521 609,069 102,452 14.4%
Library 278,604 271,106 ‐ ‐ ‐ ‐ ‐ ‐ 0.0%
Museum 216,887 162,485 209,387 157,141 226,683 169,970 158,841 11,129 6.5%
Public Works Admin 470,051 354,626 426,312 333,688 456,340 350,422 291,876 58,547 16.7%
Street Maintenance 3,755,640 2,757,612 3,814,132 2,856,379 4,595,011 3,407,811 3,292,979 114,832 3.4%
Transportation 4,615,160 3,316,587 4,476,854 3,219,909 4,539,752 3,263,752 3,079,278 184,473 5.7%
Debt Service 9,752,337 2,158,688 8,048,508 2,058,808 8,400,863 2,319,244 2,319,244 ‐ 0.0%
Non‐Departmental and Other 4,637,555 2,298,266 5,475,340 3,192,930 7,821,844 7,262,067 7,262,067 ‐ 0.0%
Total Operating Expenditures 103,938,882 71,327,565 103,667,105 72,338,457 112,263,485 80,559,068 78,798,286 1,760,783 2.2%
Total Ending Fund Balance 15,575,840$ 8,328,460$ 17,454,262$ 12,994,380$ 13,251,482$ 9,183,745$ 14,426,876$ 5,243,131$ 57.1%
Favorable (Unfavorable)
2012 2013 2014 Variance
Annual Actual YTD Actual Annual Budget YTD Budget YTD ActualSummary of Sources and Uses Annual Actual YTD Actual
Monthly Financial Report September 2014
Page 1 of 37
Monthly Financial Report September 2014
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through September 30, 2014. Except as
noted, year‐to‐date budgeted (adjusted) revenues and operating expenditures are generally based on the
collection/disbursement patterns for the same period of the preceding two years. The table on the previous page summarizes
the general governmental fund revenues and expenditures.
Revenues
Taxes
The combined collection of property, sales/use, utility, gambling, admissions, and real estate excise taxes represents 73% of all
resources supporting general governmental activities. The following section provides detail information on property, sales,
utility, and other taxes.
Property Tax
September’s collection is $575k,
making the total year‐to‐date
collection $19.1 million or 54.1%
of the total budget. In
comparison to the previous year,
the City collected $1.5 million or
9% more. Compared to the
budget, the City is below
projections by $68k. The variance
from the monthly budget is due to
the timing of collections. The City
is projecting property tax to meet
the budget at year‐end.
Sales Tax
September 2014 sales tax receipts
totalled $1.8 million. Compared
with the same month last year, it
is $108k or 6% more. Compared
to the projected current month’s
budget, it is $216k or 13% above.
The year‐to‐date collection of
$15.8 million is $711k or 5% more
than the prior year and is also
$823k or 5% more than budgeted.
As you can see in the table on the
next page, 71% this entire amount
is attributed to a large
transportation manufacturer,
which changed its reporting
method in late 2013/early 2014.
2014’s monthly budgets are generally based on 2006 through 2013 collections. The City is projecting sales tax to meet the
budget at year‐end.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 154,945$ 162,468$ (101,807)$ (256,752)$ ‐166% (264,275)$ ‐163%
Feb 25,020 59,096 176,551 151,531 606% 117,455 199%
Mar 917,901 960,884 1,626,283 708,382 77% 665,398 69%
Apr 9,887,324 10,632,911 5,808,865 (4,078,459) ‐41% (4,824,046) ‐45%
May 5,780,361 6,364,899 10,692,069 4,911,708 85% 4,327,171 68%
Jun 88,480 70,363 (244,519) (332,999) ‐376% (314,882) ‐448%
Jul 100,047 292,155 352,287 252,240 252% 60,132 21%
Aug 58,101 3,718 178,936 120,835 208% 175,218 4713%
Sep 548,071 584,469 574,579 26,507 5% (9,890) ‐2%
Oct 10,140,892 10,620,057
Nov 4,341,474 5,057,587
Dec 443,072 431,888
YTD Total 17,560,252$ 19,130,963$ 19,063,243$ 1,502,992$ 9% (67,719)$ 0%
Annual Total 32,485,690$ 35,240,495$
Property Tax Revenues
Year to Date through September
2014 vs. 2013 2014 vs. Budget
Month
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 1,620,555$ 1,607,453$ 1,607,045$ (13,510)$ ‐1% (408)$ 0%
Feb 1,962,886 2,047,494 2,079,673 116,787 6% 32,179 2%
Mar 1,536,397 1,523,208 1,562,210 25,814 2% 39,002 3%
Apr 1,509,953 1,548,879 1,558,271 48,318 3% 9,393 1%
May 1,732,058 1,762,699 1,759,697 27,639 2% (3,002) 0%
Jun 1,552,807 1,584,050 1,669,870 117,064 8% 85,821 5%
Jul 1,647,860 1,599,650 1,731,929 84,069 5% 132,279 8%
Aug 1,833,347 1,718,742 2,030,161 196,814 11% 311,419 18%
Sep 1,741,262 1,633,772 1,849,720 108,457 6% 215,947 13%
Oct 1,790,411 1,728,992 ‐
Nov 1,802,768 1,740,835 ‐
Dec 1,686,069 1,700,227 ‐
YTD Total 15,137,125$ 15,025,946$ 15,848,576$ 711,452$ 5% 822,630$ 5%
Annual Total 20,416,372$ 20,196,000$
2014 vs. Budget2014 vs. 2013
Month
Year to Date through September
Local Retail Sales Tax Revenues
Page 2 of 37
Monthly Financial Report September 2014
The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business
sectors:
Utility tax
September utility tax revenues
are $1.2 million, which is $227k or
16% lower than the same month
last year and is also behind the
budget by $160k or 12%. The
year‐to‐date collection is $12.5
million, which is $528k or 4%
higher than the prior year and is
also $73k or 1% higher than the
budget. The City is projecting
utility tax revenues to be very
close to the budget at year‐end.
The table below breaks out Utility Tax by source. The variance for Garbage/Solid Waste (not City Utilities) is due to a one‐
time correction (under reporting during September 2013 through December 2013) receipted in February. The variance for
Cellular utilities is due to lower activity.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 1,277,860$ 1,372,593$ 1,373,119$ 95,259$ 7% 526$ 0%
Feb 1,462,236 1,490,351 1,524,563 62,327 4% 34,213 2%
Mar 1,193,129 1,310,634 1,631,438 438,309 37% 320,804 24%
Apr 1,545,257 1,463,692 1,218,999 (326,258) ‐21% (244,693) ‐17%
May 1,338,923 1,362,789 1,380,317 41,394 3% 17,529 1%
Jun 1,189,847 1,151,072 1,376,544 186,698 16% 225,472 20%
Jul 1,259,713 1,698,235 1,526,628 266,915 21% (171,607) ‐10%
Aug 1,280,207 1,218,858 1,270,116 (10,091) ‐1% 51,259 4%
Sep 1,433,293 1,366,340 1,206,313 (226,980) ‐16% (160,027) ‐12%
Oct 1,072,773 1,103,445
Nov 1,244,671 1,222,957
Dec 1,484,137 1,498,886
YTD Total 11,980,466$ 12,434,563$ 12,508,038$ 527,572$ 4% 73,475$ 1%
Annual Total 15,782,047$ 16,259,850$
2014 vs. Budget2014 vs. 2013
Year to Date through September
Utility Tax Revenues
Month
Utility Tax by Type 2013 2014 Bgt YTD Act Change 2014/2013 2014 Act vs Bgt
Electrical 3,914,651$ 4,098,926$ 3,921,538$ 6,887$ 0%$ (177,389)‐4%
Natural Gas 1,418,062 1,436,566 1,478,910 60,848 4% 42,345 3%
Cell 1,542,260 1,595,115 1,398,185 (144,075) ‐9% (196,930)‐12%
Phone 698,254 698,632 686,565 (11,689) ‐2% (12,067)‐2%
Cable 1,089,195 1,124,410 1,123,450 34,254 3% (960) 0%
Garbage/Solid Waste 308,417 224,341 432,124 123,707 40% 207,783 93%
City Utilities 3,009,627 2,856,574 3,006,754 (2,873) 0% 150,180 5%
Utility Tax Audit ‐ 400,000 460,513 460,513 100% 60,513 15%
YTD Total 11,980,466$ 12,434,563$ 12,508,038$ 527,572$ 4%73,475$ 1%
Annual Total 15,782,047$ 16,259,850$
YTD as % of 76% 76%
Sales Tax by Sector 2013 2014 Bgt YTD Act Change 2014/2013 2014 Act vs Bgt
New Construction 2,033,285$ 1,525,521$ 1,609,946$ (423,339)$ ‐21%$ 84,425 6%
Auto Sales 2,794,641 2,926,712 3,018,476 223,835 8% 91,764 3%
General Retail 4,865,080 4,988,169 4,934,565 69,485 1% (53,603)‐1%
Manufacturing 937,384 993,817 1,581,958 644,574 69% 588,141 59%
Wholesale 861,947 890,272 853,505 (8,442) ‐1% (36,767)‐4%
Service 3,261,008 3,297,237 3,402,227 141,219 4% 104,990 3%
Other 383,779 404,218 447,898 64,120 17% 43,681 11%
YTD Total 15,137,125$ 15,025,946$ 15,848,576$ 711,452$ 5%822,630$ 5%
Note: Excludes Annexation Credit and Criminal Justice Sales Tax revenue.
Page 3 of 37
Monthly Financial Report September 2014
Other Taxes
Real Estate Excise Tax
The City collected $266k in Real
Estate Excise Tax revenues (REET)
for September. This is $11k or 4%
more than the same month last
year and is also $40k or 18% more
than the current month’s budget.
The year‐to‐date collection is $3.6
million, which is $1.3 million or
59% more than the prior year and
is also $1 million or 40% above
the budget. The higher than
expected variance is due to 8
large transactions in February,
March, April, June and July which
accounts for $1.2 million of the
total REET collected. The monthly
budget is based on a normalized annual distribution (2012 only). The City has met the current budget, but we are adjusting the
budget in the upcoming year‐end budget amendment.
Gambling Tax
September’s Gambling Tax
collections totalled $139k, which
is $23k or 20% above the same
month last year but is under the
current month’s budget by $9k or
6%. The year‐to‐date total of $1.2
million is $248k or 26% above the
year and is also $12k or 1% above
budget. The monthly variances
are due to 2 establishments filing
for bankruptcy earlier in the year.
Pull tabs overall had a 15%
increase, bingo increased by 3%,
and card‐rooms are seeing 26%
higher in activities when compared to the prior year.
Franchise Fees
Franchise Fees are due quarterly
in January, April, July, and
October. Due to the timing of
when the payment was received,
the City recorded January’s
payment in February ($323k). The
year‐to‐date total of $971k is
$29k or 3% higher than the prior
year and is also $67k or 7% above
the projected year‐to‐date
budget. The City is projecting
Franchise Fees to meet budget at year‐end.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 134,099$ 109,119$ 162,143$ 28,044$ 21% 53,024$ 49%
Feb 262,229 301,209 448,452 186,223 71% 147,243 49%
Mar 228,077 248,682 227,629 (448) 0% (21,053) ‐8%
Apr 197,659 369,133 909,120 711,461 360% 539,987 146%
May 285,948 305,678 262,746 (23,202) ‐8% (42,932) ‐14%
Jun 347,890 468,877 624,342 276,452 79% 155,465 33%
Jul 263,807 245,943 350,214 86,407 33% 104,270 42%
Aug 294,056 290,788 346,677 52,622 18% 55,889 19%
Sep 254,318 225,212 265,534 11,216 4% 40,322 18%
Oct 272,776 244,018
Nov 342,535 108,645
Dec 1,248,272 (17,305)
YTD Total 2,268,082$ 2,564,642$ 3,596,857$ 1,328,775$ 59% 1,032,215$ 40%
Annual Total 4,131,665$ 2,900,000$
Month
2014 vs. Budget2014 vs. 2013
Real Estate Excise Tax Revenues
Year to Date through September
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 133,504$ 164,456$ 131,776$ (1,728)$ ‐1% (32,679)$ ‐20%
Feb 73,730 115,620 133,109 59,379 81% 17,489 15%
Mar 111,294 111,371 153,695 42,401 38% 42,324 38%
Apr 159,655 168,010 103,980 (55,675) ‐35% (64,030) ‐38%
May 97,660 105,619 138,319 40,659 42% 32,700 31%
Jun 60,074 99,613 135,701 75,627 126% 36,088 36%
Jul 89,157 133,068 122,588 33,432 37% (10,480) ‐8%
Aug 99,930 130,972 130,381 30,452 30% (590) 0%
Sep 116,204 148,130 139,444 23,241 20% (8,686) ‐6%
Oct 112,141 106,090 ‐
Nov 114,909 155,314 ‐
Dec 151,327 161,736 ‐
YTD Total 941,208$ 1,176,859$ 1,188,994$ 247,787$ 26% 12,135$ 1%
Annual Total 1,319,585$ 1,600,000$
2014 vs. 2013 2014 vs. Budget
Gambling Tax Revenue
Month
Year to Date through September
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 314,269$ 300,776$ ‐$ (314,269)$ ‐100% (300,776)$ ‐100%
Feb 200 98 323,121 322,921 161461% 323,023 330063%
Mar 892 437 ‐
Apr 311,986 299,239 323,544 11,558 4% 24,305 8%
Jul 315,694 303,760 324,273 8,579 3% 20,513 7%
Oct 321,202 308,381 ‐
Nov ‐ ‐ ‐
Dec 48,484 47,308 ‐
YTD Total 943,042$ 904,310$ 970,939$ 28,790$ 3% 67,065$ 7%
Annual Total 1,312,727$ 1,260,000$
Franchise Fees Revenue
Year to Date through September
Month
2014 vs. 2013 2014 vs. Budget
Page 4 of 37
Monthly Financial Report September 2014
Admission Tax
Admission Tax returns are due
quarterly in January, April, July,
and October of each year. July
2014 collections represent
activities conducted during the 2nd
quarter of 2014. The year‐to‐date
collection of $234k is $6.5k or 3%
less than the prior year but is
$4.4k or 2% more than the
budget.
Licenses and Permits
Building Permits and Development
Service Fees
Building Permits and Development
Service Fee revenues totalled
$369k in September. The year‐to‐
date development fees revenue of
$3.4 million is $612k or 22% more
than the year before and is also
$889k or 35% higher than budget.
The higher than expected fees are
due to collecting more in general
building permits, electrical
permits, and plan check fees. The
City is projecting Building Permits
and Development Service Fees to
exceed the budget at year‐end.
Business Licenses
Business Licenses totalled $5k for
September, which is $1k or 25%
above the same month last year
and is also $1k or 27% above the
current month’s budget. The
variance in July is due to a mid‐
year correction made in July 2013.
The year‐to‐date Business
Licenses revenue of $384k is $8k
or 2% above the prior year but is
$12k or 3% lower than the budget.
The City is projecting business
licenses to be under the budget at
year‐end.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 82,440$ 75,206$ 80,243$ (2,196)$ ‐3% 5,038$ 7%
Feb ‐ 451 ‐
Apr 70,311 72,698 74,163 3,852 5% 1,464 2%
Jun ‐ ‐ 145 145 100% 145 100%
Jul 87,473 81,342 79,130 (8,344) ‐10% (2,213) ‐3%
Aug 76 37 ‐
Oct 85,616 77,019 ‐
Nov 1,192 575 ‐
Dec 149 672 ‐
YTD Total 240,300$ 229,733$ 233,681$ (6,543)$ ‐3% 4,435$ 2%
Annual Total 327,258$ 308,000$
Month
2014 vs. 2013 2014 vs. Budget
Admission Tax Revenue
Year to Date through September
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 327,584$ 251,556$ 432,890$ 105,306$ 32% 181,335$ 72%
Feb 230,039 215,688 412,317 182,278 79% 196,629 91%
Mar 305,085 286,301 388,190 83,105 27% 101,889 36%
Apr 367,165 315,718 374,004 6,839 2% 58,286 18%
May 386,735 320,878 349,590 (37,145) ‐10% 28,712 9%
Jun 293,386 278,431 516,689 223,303 76% 238,258 86%
Jul 314,991 307,931 288,957 (26,033) ‐8% (18,973) ‐6%
Aug 340,270 351,856 300,184 (40,087) ‐12% (51,672) ‐15%
Sep 254,799 214,610 369,040 114,242 45% 154,430 72%
Oct 440,169 432,077
Nov 393,258 338,737
Dec 348,144 391,919
YTD Total 2,820,054$ 2,542,968$ 3,431,861$ 611,807$ 22% 888,894$ 35%
Annual Total 4,001,625$ 3,705,701$
Building Permits and Development Service Fees
Year to Date through September
2014 vs. Budget2014 vs. 2013
Month
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 95,381$ 103,448$ 103,064$ 7,683$ 8% (384)$ 0%
Feb 40,658 36,482 25,013 (15,645) ‐38% (11,469) ‐31%
Mar 12,441 9,762 5,421 (7,020) ‐56% (4,340) ‐44%
Apr 102,648 107,716 97,104 (5,544) ‐5% (10,612) ‐10%
May 33,354 20,233 15,091 (18,263) ‐55% (5,142) ‐25%
Jun 5,701 5,102 7,444 1,743 31% 2,342 46%
Jul 52,586 84,946 109,369 56,783 108% 24,423 29%
Aug 29,210 24,595 16,430 (12,780) ‐44% (8,165) ‐33%
Sep 4,236 4,178 5,290 1,054 25% 1,112 27%
Oct 109,998 117,828 ‐
Nov 13,342 14,515 ‐
Dec 4,211 4,262 ‐
YTD Total 376,215$ 396,462$ 384,225$ 8,010$ 2% (12,237)$ ‐3%
Annual Total 503,766$ 533,067$
Business Licenses
Month
2014 vs. 2013
Year to Date through September
2014 vs. Budget
Page 5 of 37
Monthly Financial Report September 2014
Intergovernmental
These revenue sources
include federal (direct and
indirect) grants, state
grants, state shared
revenues, local grants, and
entitlements. State shared
revenues and Fire Districts’
25 and 40 contracts
compose 84% of the total
revenues in this category.
The year‐to‐date total Intergovernmental revenue is $8.3 million or 69% of the budget.
State Shared Revenues
State Shared Revenue
collections totalled $3.7
million since the start of the
year. Compared to the
prior year, State Shared
Revenues are above by
$304k or 9%. Compared to
the projected budget, the
City is collecting $341k or
10% more. The higher than
expected collection is due
to collecting more than
anticipated Criminal Justice
Sales Tax, the low budget of Criminal Justice’s High Crime, collecting more than anticipated Liquor Profits and under collecting in
Liquor Excise Taxes.
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 67%
of the total revenue in this category. The year‐to‐date total charges for services are $5.7 million or 80% of the budget. The
following sections provide detail information for Public Safety, Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totalled
$552k since the start of the year.
These services include private
security, adult probation services,
monitoring of prisoners, and
intergovernmental public safety
services (non‐grants). Compared
to the prior year, the City is
collecting $56k or 11% more.
Compared to the year‐to‐date
budget, the City is under budget
by $12k or 2%. The large April
variance is due to a private
security police provided for a large
one‐time private business event in
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 32,322$ 31,574$ 117,639$ 85,317$ 264% 86,066$ 273%
Feb 117,056 100,863 45,139 (71,918) ‐61% (55,725) ‐55%
Mar 37,079 48,095 44,028 6,949 19% (4,067) ‐8%
Apr 64,009 87,936 38,202 (25,806) ‐40% (49,734) ‐57%
May 47,985 60,400 35,540 (12,446) ‐26% (24,860) ‐41%
Jun 36,945 45,438 107,246 70,301 190% 61,808 136%
Jul 69,340 82,484 56,212 (13,128) ‐19% (26,272) ‐32%
Aug 42,753 51,456 64,201 21,448 50% 12,745 25%
Sep 48,986 56,443 44,169 (4,817) ‐10% (12,274) ‐22%
Oct 81,116 78,627 ‐
Nov 49,703 54,931 ‐
Dec 53,287 76,290 ‐
YTD Total 496,475$ 564,687$ 552,375$ 55,900$ 11% (12,312)$ ‐2%
Annual Total 680,581$ 774,535$
Month
2014 vs. 2013
Year to Date through September
Public Safety Services
2014 vs. Budget
Intergovernmental 2013 2014 Bgt YTD Act Change 2014/2013 2014 Act vs Bgt
Fire District #25 591,779$ 646,811$ 646,811$ 55,032$ 9% $ ‐ 0%
Fire District #40 2,426,796 2,559,708 2,559,708 132,912 5%‐ 0%
State Shared Revenue 3,425,655 3,389,344 3,729,973 304,318 9% 340,629 10%
Federal Grants 922,762 1,172,946 1,172,946 250,184 27%‐ 0%
State Grants 63,711 41,174 41,174 (22,537) ‐35%‐ 0%
Other Grants/Intgovt 29,972 156,046 148,789 118,817 396% (7,258) ‐5%
ARRA Grants 114,792 0 ‐ (114,792) 0%‐ 0%
Total Rev YTD 7,575,466$ 7,966,027$ 8,299,399$ 723,932$ 10%333,371$ 4%
Total Rev Annual 11,682,043$ 12,094,452$
YTD %65% 66% 69%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
2013 2014 2014
Actual Budget Actual $ % $ %
Crim Just Sales Tax 1,539,899$ 1,469,717$ 1,667,795$ 127,896$ 8% 198,078$ 13%
Judicial Contribution 17,097 19,677 16,968 (129) ‐1% (2,709) ‐14%
Crim Just ‐ High Crime 166,329 ‐ 191,330 25,001 15% 191,330 100%
Crim Just ‐ Pop 16,728 ‐ 18,245 1,518 9% 18,245 100%
Crim Just ‐ Spec Prog 62,393 66,773 67,823 5,430 9% 1,050 2%
State DUI 12,697 13,480 12,949 251 2% (532) ‐4%
Liquor Profits 635,103 502,797 636,899 1,796 0% 134,102 27%
Liquor Excise Tax ‐ 371,540 132,726 132,726 100% (238,814) ‐64%
Fuel Tax 975,409 945,359 985,238 9,829 1% 39,879 4%
YTD Total 3,425,655$ 3,389,344$ 3,729,973$ 304,318$ 9% 340,629$ 10%
Annual Total 4,701,889$ 4,515,500$
2014 vs. Budget
State Shared Revenues
2014 vs. 2013
Revenue
Year to Date through September
Page 6 of 37
Monthly Financial Report September 2014
2013. The large June variance is due to staff reimbursement for training provided to the Basic Law Enforcement Academy. The
City is projecting Public Safety Services to be very close to the budget by year‐end.
Recreation
Recreation revenues totalled
$119k for the current month.
Compared to the same month the
prior year, the City collected $4k
or 4% less. Compared to the
projected monthly budget, the
City collected $1k or 1% more.
The year‐to‐date collection of
$1.3 million is $65k or 5% higher
than the year before and is also
$38k or 3% higher than the year‐
to‐date budget. The City is
projecting Recreation revenues to
be very close with the budget at
year‐end.
Interfund Services
The year‐to‐date collections for
Interfund Services revenues are
$2.5 million. Compared to the
prior year, the revenues are under
by $166k or 6%. Compared to the
projected budget, the revenues
are below by $4k. 2014’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.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 60,546$ 62,601$ 69,522$ 8,976$ 15% 6,921$ 11%
Feb 51,160 56,408 68,873 17,713 35% 12,465 22%
Mar 79,491 94,074 66,458 (13,033) ‐16% (27,616) ‐29%
Apr 170,541 157,142 179,282 8,742 5% 22,140 14%
May 95,710 119,835 106,771 11,061 12% (13,064) ‐11%
Jun 150,284 152,865 172,332 22,047 15% 19,466 13%
Jul 345,126 309,124 318,669 (26,458) ‐8% 9,544 3%
Aug 205,821 238,859 245,982 40,162 20% 7,123 3%
Sep 123,550 118,153 119,109 (4,440) ‐4% 956 1%
Oct 83,685 86,617 ‐
Nov 65,656 67,145 ‐
Dec 63,010 63,040 ‐
YTD Total 1,282,229$ 1,309,061$ 1,346,998$ 64,769$ 5% 37,937$ 3%
Annual Total 1,494,580$ 1,525,863$
Recreation
Year to Date through September
2014 vs. Budget2014 vs. 2013
Month
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 265,873$ 277,733$ 301,808$ 35,935$ 14% 24,075$ 9%
Feb 292,362 277,733 257,027 (35,335) ‐12% (20,706) ‐7%
Mar 317,998 277,733 287,465 (30,533) ‐10% 9,732 4%
Apr 288,610 277,733 295,489 6,879 2% 17,756 6%
May 299,652 277,733 269,032 (30,619) ‐10% (8,700) ‐3%
Jun 287,569 277,733 277,620 (9,950) ‐3% (113) 0%
Jul 282,466 277,733 244,707 (37,759) ‐13% (33,026) ‐12%
Aug 352,945 277,733 284,344 (68,601) ‐19% 6,611 2%
Sep 274,525 277,733 278,550 4,025 1% 817 0%
Oct 352,421 277,733 ‐
Nov 286,300 277,733 ‐
Dec 164,190 277,733 ‐
YTD Total 2,662,001$ 2,499,596$ 2,496,042$ (165,959)$ ‐6% (3,553)$ 0%
Annual Total 3,464,913$ 3,332,794$
Interfund Services
Year to Date through September
2014 vs. 2013 2014 vs. Budget
Month
Page 7 of 37
Monthly Financial Report September 2014
Fines and Penalties
These revenue sources contain
civil (penalties, infractions, and
parking), criminal (traffic, non‐
traffic, and costs), and non‐court
fines, forfeitures, and penalties.
The table below breaks down
these fines by type. The year‐to‐
date total fines and penalties is
$1.9 million. This is $205k or 10%
lower than a year ago and is also
$358k or 16% below the budget.
Included in the Fines and Penalties revenue
budget is $2 million from the Photo
Enforcement program. The monthly budget is
based on the prior year’s revenue. The year‐to‐
date collections from this program equates to
$1.2 million. The budget shortfall is due to
temporary shutting down 4 intersection
cameras in construction areas which is
expected until October (September invoice)
and lower activity (driver behaviour changes).
The associated costs includes the equipment
provided by American Traffic Solutions, Inc.
(ATS), dedicated 2 FTEs in the Court Services
Department to process the increased caseload
and 1.1 FTEs in the Police Department for
support services. This staff time, along with a
90% pro tem budget and interpreter costs
amounts to $362k for personnel costs. The total costs for the program equates to $842k which is represented in the table. April
and May expenditures do not include the monthly equipment rental costs paid to ATS, these costs were recorded in June.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 153,064$ 182,703$ 136,762$ (16,302)$ ‐11% (45,941)$ ‐25%
Feb 247,166 251,253 151,470 (95,696) ‐39% (99,783) ‐40%
Mar 275,222 276,820 203,482 (71,740) ‐26% (73,338) ‐26%
Apr 318,235 312,315 263,785 (54,451) ‐17% (48,530) ‐16%
May 278,783 309,616 208,436 (70,347) ‐25% (101,180) ‐33%
Jun 269,334 307,008 224,214 (45,120) ‐17% (82,794) ‐27%
Jul 236,571 269,780 205,103 (31,468) ‐13% (64,677) ‐24%
Aug 171,565 178,125 258,728 87,162 51% 80,603 45%
Sep 154,604 169,913 247,480 92,876 60% 77,567 46%
Oct 191,919 249,230
Nov 189,412 230,005
Dec 280,787 321,732
YTD Total 2,104,545$ 2,257,534$ 1,899,460$ (205,085)$ ‐10% (358,074)$ ‐16%
Annual Total 2,766,663$ 3,058,500$
2014 vs. Budget2014 vs. 2013
Year to Date through September
Fines and Penalties by Month
Month
Year to Date through September
2013 2014 2014
Actual Budget Actual $ % $ %
Civil Penalties 6,553$ 10,462$ 4,889$ (1,664)$ ‐25% (5,573)$ ‐53%
Civil Infraction Penalties 439,569 419,757 402,672 (36,897) ‐8% (17,085) ‐4%
Civil Parking Infraction Penalties 126,215 126,150 133,387 7,171 6% 7,237 6%
Photo Enforcement Program 1,314,189 1,492,280 1,152,252 (161,938) ‐12% (340,028) ‐23%
Criminal Traffic Misdemeanor Fines 75,073 73,878 63,021 (12,052) ‐16% (10,857) ‐15%
Criminal Non‐Traffic Fines 30,197 31,588 28,442 (1,754) ‐6% (3,146) ‐10%
Criminal Costs 90,586 85,005 94,279 3,693 4% 9,274 11%
Non‐Court Fines, Forfeitures and Penalties 22,162 18,415 20,518 (1,644) ‐7% 2,104 11%
YTD Total 2,104,545$ 2,257,534$ 1,899,460$ (205,085)$ ‐10% (358,074)$ ‐16%
Annual Total 2,766,663$ 3,058,500$
Revenue
2014 vs. Budget
Fines and Penalties by Type
2014 vs. 2013
Favorable
Budget Actual Budget Actual (Unfavorable)
1
Jan 180,582$ 61,721$ 73,624$ 30,160$ 31,561$
Feb 165,453 68,045 73,336 51,174 16,871
Mar 161,059 103,922 73,278 79,750 24,172
Apr 214,411 166,547 71,661 30,160 136,388
May 214,507 125,097 73,575 30,160 94,937
Jun 207,265 130,264 71,358 179,726 (49,463)
Jul 184,107 144,267 71,451 80,154 64,113
Aug 93,843 176,393 71,108 79,962 96,431
Sep 71,053 175,995 58,646 80,481 95,514
Oct 159,611 ‐ 63,603 ‐ ‐
Nov 135,380 ‐ 64,079 ‐ ‐
Dec 162,729 ‐ 76,245 ‐ ‐
YTD Total 1,492,280$ 1,152,252$ 638,036$ 641,727$ 510,525$
Annual Total 1,950,000$ 841,964$
1Actuals of Revenues and Expenses
ExpensesRevenues
Photo Enforcement Program
Year to Date through September
Month
Page 8 of 37
Monthly Financial Report September 2014
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. Interest and other
earnings along with rents, leases,
and concessions constitute 72% of
the total revenue in this category.
The year‐to‐date total
miscellaneous is $1.6 million.
Compared to last year, the
revenues are above by $476k or
44%. Compared to the projected
year‐to‐date budget, the revenues
are over by $322k or 26%. The negative amount for July is due to a correction made to move interest earned from Utility tax
audits, originally recorded in June. The large variance in September is due to recording a trued up asset interfund interest
received from Surface Water Utility. This offsets the correction made to the acreage count Street Maintenance pays to Surface
Water. The table below page breaks out miscellaneous revenues by type.
Interest and other earnings are higher due to the interfund interest recorded from Surface Water to Street Maintenance.
Other miscellaneous revenues are higher than the prior year and budget due to higher than expected utility late payment
penalties and miscellaneous reimbursements for Fire.
Seizure funds are lower than the budget due to the timing of activity.
EXPENSES
Overall the City has expended 70% of its budgeted general governmental expenditures at the end of September. This is $1.8
million or 2.2% below year‐to‐date budgeted expenditures. See below for summary of unfavorable items for general
governmental departments.
Council department is over the year‐to‐date budget by $3k or 1.4%. This is due to overspending on salaries and benefits. We
will monitor these items to determine if a budget adjustment is needed at year‐end
City Attorney is over the year‐to‐date budget by $29k or 2.2%. This is due to over spending on professional services. We will
monitor this item to determine if a budget adjustment is needed.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 179,743$ 191,797$ 243,963$ 64,220$ 36% 52,166$ 27%
Feb 76,397 68,789 99,547 23,149 30% 30,758 45%
Mar 147,909 162,425 126,132 (21,777) ‐15% (36,293) ‐22%
Apr 92,872 104,162 70,094 (22,778) ‐25% (34,068) ‐33%
May 118,719 211,517 107,650 (11,069) ‐9% (103,868) ‐49%
Jun 123,441 133,692 257,714 134,273 109% 124,022 93%
Jul 128,246 127,105 (21,407) (149,652) ‐117% (148,512) ‐117%
Aug 122,652 138,445 121,979 (673) ‐1% (16,466) ‐12%
Sep 92,799 98,931 552,749 459,951 496% 453,818 459%
Oct 82,288 93,894
Nov 63,945 91,224
Dec 399,005 702,574
YTD Total 1,082,778$ 1,236,865$ 1,558,421$ 475,643$ 44% 321,556$ 26%
Annual Total 1,628,017$ 2,124,557$
Year to Date through September
Month
2014 vs. Budget2014 vs. 2013
Miscellaneous Revenues by Month
2013 2014 2014
Actual Budget Actual $ % $ %
Interests and Other Earnings 79,852$ 154,944$ 491,442$ 411,589$ 515% 336,498$ 217%
Rents, Leases, and Concessions 636,377 635,187 635,825 (552) 0% 637 0%
Contributions/Donations from Private Sources 73,345 81,977 83,499 10,154 14% 1,522 2%
Other 258,328 240,309 288,303 29,975 12% 47,994 20%
Seizure Funds ‐ Federal/State/Local 1 34,876 124,447 59,352 24,477 70% (65,094) ‐52%
YTD Total 1,082,778$ 1,236,865$ 1,558,421$ 475,643$ 44% 321,556$ 26%
Annual Total 1,628,017$ 2,124,557$
1Seizure Funds are categorized in Miscellaneous for 2013 and on.
2014 vs. Budget
Miscellaneous Revenues by Type
Year to Date through September
Revenue
2014 vs. 2013
Page 9 of 37
Monthly Financial Report September 2014
Fire and Emergency Services department is over the year‐to‐date by $11k or 0.1%. This is due to a combination of over spending
on salaries/benefits, supplies, services, intergovernmental, and interfund services and under spending on capital. We will
monitor these items to determine if a budget adjustment is needed.
CASH AND INVESTMENTS –
3RD QUARTER
The current cash and
investments (C&I)
portfolio is provided in the
table to the right. The
City’s current C&I balance
is $121.9 million, of this
amount; $775k is an
interfund loan investment
(Res 4070) from the
insurance fund (502) to
the golf course fund (404).
This interfund loan is due
in full on December 1st
2015.
Currently the majority of
the portfolio is located in
cash deposits (US Bank).
The rest is spread out
between the State Investment Pool, US Federal Agency Securities, various certificates of deposits, and the interfund loan.
The existing portfolio yield is approximately .6%. The majority (.40%) is within the cash at US Bank.
Cash, $78,977,753 ,
65%
Local Government
Investment Pool,
$9,935,309 , 8%
US Federal Agency
Securities,
$17,946,270 , 15%
Certificates of
Deposit,
$14,312,604 , 12%
INTERFUND
INVESTMENT,
$775,092 , 0%
Distribution by Instrument
(shown as percent of blended Portfolio*)
Deposit Total Maturity Date APY Weighted Yield Current Allocation of
Cash and Investments
Allowed
by Policy
Current Principal
Balance
Cash US Bank ‐ Cash 78,977,753 overnight 0.45% 0.40%65%N/A 78,977,753
GOLF '14 GOLF '14 383,239 12/1/2014 2.25% 0.02%
GOLF '15 GOLF '15 391,853 12/1/2015 2.25% 0.02%
US Treasury Securities
none ‐ N/A N/A 0.00%0% 100%‐
Local Government Investment Pool
3920 State Investment Pool 9,935,309 10/1/2014 0.10% 0.01% 8% 75% 9,935,309
US Federal Agency Securities *
314179A FHLB 1,996,920 8/11/2017 1.05% 0.06%
314179D FHLB 1,100,000 9/29/2017 1.18% 0.04%
313169B FHLMC 2,500,000 10/24/2016 0.90% 0.06%
313169C FNMA 2,500,000 10/24/2016 1.06% 0.07%
314179C FNMA 4,849,350 11/28/2017 1.00% 0.13%
314179B FHLMC 5,000,000 6/1/2017 1.13% 0.15%
Certificates of Deposit
113154A First Savings Bank Northwest 5,000,000 2/4/2015 0.92% 0.13%
113164A First Savings Bank Northwest 5,000,000 2/4/2016 1.02% 0.14%
111167a Columbia Bank 2,015,400 11/9/2016 0.99% 0.05%
212145b Homestreet Bank (CDARS) 1,000,685 12/18/2014 0.65% 0.02%
112145a Homestreet (traditional) 252,980 12/23/2014 0.85% 0.01%0%
214163A Commencement Bank (CDARS) 1,043,540 9/15/2016 0.80% 0.02%1%
Commercial Paper
none ‐ N/A N/A 0.00%0.00% 5%‐
TOTAL CASH & INVESTMENTS 121,947,028$ 121,947,028$
1,253,664
20%
1% N/A 775,092
15% 75%17,946,270
By Institution
*Held in our safekeeping account at BNY Trust and Custody
Golf Interfund Loan
8%
2%
10,000,000
2,015,400
1,043,540
1%
Page 10 of 37
Monthly Financial Report September 2014
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 fund are the capital revenues and expenditures.
Airport Golf Course Solid Waste
Utility Water Utility Wastewater
Utility
Surface Water
Utility Metro
REVENUES:
Licenses and permits ‐ ‐ ‐ ‐ 57,435 36,375 ‐
Grants / intergovernmental 1,023,352 ‐ 117,144 ‐ ‐ 927,624 ‐
Charges for services 106,162 1,554,594 12,906,376 12,976,226 7,272,555 7,388,796 11,487,744
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 4,724 ‐ ‐ ‐ 2,116 ‐ ‐
Rents, leases, and misc fees 1,803,461 308,906 51,304 120,146 ‐ ‐ ‐
Interest and other misc 3,968 1,273 5,491 270,999 602,207 520,177 5,931
TOTAL REVENUES 2,941,667 1,864,773 13,080,315 13,367,371 7,934,313 8,872,972 11,493,675
EXPENSES:
Utility billing ‐ ‐ 93,084 81,093 67,228 108,599 ‐
Utility systems ‐ ‐ 11,400,811 3,952,710 2,216,345 2,633,996 ‐
Utility maintenance ‐ ‐ 201,953 3,593,724 955,527 1,731,911 10,965,454
Transportation 2,099,897 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 1,545,943 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 2,099,897 1,545,943 11,695,848 7,627,527 3,239,100 4,474,506 10,965,454
AMOUNT AVAILABLE FOR DEBT SERVICE 841,770 318,830 1,384,466 5,739,844 4,695,213 4,398,466 528,221
DEBT SERVICE:
Principal ‐ ‐ ‐ 395,175 270,848 42,590 ‐
Interest ‐ 1,625 ‐ 329,405 166,761 532,025 ‐
TOTAL DEBT SERVICE ‐ 1,625 ‐ 724,580 437,609 574,615 ‐
CAPITAL PROJECTS 1,172,934 56,247 ‐ 1,706,138 2,042,720 2,012,153 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ (5,394) (5,394) (4,799) ‐
CHANGE IN FUND BALANCE (331,164) 260,958 1,384,466 3,303,732 2,209,490 1,806,899 528,221
BEGINNING FUND BALANCE, Jan 1 1,669,564 319,161 1,344,883 12,350,952 5,528,366 7,510,285 2,603,562
ENDING FUND BALANCE, Sep 30 1,338,400 580,119 2,729,349 15,654,684 7,737,856 9,317,184 3,131,783
Page 11 of 37
Monthly Financial Report September 2014
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 ‐ 118,615 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ ‐ ‐ ‐ ‐ ‐ 44,426
Charges for services
Equipment rental m&o 2,093,831 2,262,742 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 84,308 ‐ 302,792 ‐ ‐ ‐
Communications ‐ 3,090 ‐ 385,971 ‐ ‐ ‐
Facilities ‐ ‐ 3,191,700 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 105,309 ‐ ‐ ‐ ‐ ‐
IT service contracts ‐ 329,114 ‐ ‐ ‐ ‐ ‐
Interest and other misc 9,076 4,813 2,858 813 28,093 13,443 15,710
Internal service fund misc:
Vehicle / equipment capital recovery 1,141,147 101,248 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 1,220,869 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 1,269,615 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 8,550,730 1,280,629
Other misc ‐ 3,797 1,538 164 ‐ 261,032 ‐
Interfund Loan ‐ ‐ ‐ ‐ 139,931 ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 39,759 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries 400 ‐ ‐ ‐ 76,694 ‐ ‐
TOTAL REVENUES 3,284,213 3,013,036 3,196,096 689,740 2,735,202 8,825,205 1,340,765
EXPENSES:
Communications 385,638
Equipment rental 1,784,952
Facilities 2,801,847
Healthcare 9,403,562
Information technology 2,572,287
Print and mail 261,791
Retiree healthcare 898,370
Risk management:
Ri sk management 1,287,857
Unemployment 76,569
Worker's compensation 1,132,496
TOTAL EXPENSES 1,784,952 2,572,287 2,801,847 647,429 2,496,922 9,403,562 898,370
AMOUNT AVAILABLE FOR CAPITAL 1,499,261 440,749 394,249 42,311 238,280 (578,357) 442,395
CAPITAL PROJECTS 692,432 429,158 394,283 ‐ ‐ ‐ ‐
TRANSFERS IN ‐ (40,194) ‐ ‐ 3,600,000 ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 806,829 (28,603) (34) 42,311 3,838,280 (578,357) 442,395
BEGINNING FUND BALANCE, Jan 1 3,935,088 2,216,612 1,167,714 347,771 7,630,077 6,934,304 7,207,703
ENDING FUND BALANCE, Sep 30 4,741,917 2,188,009 1,167,680 390,082 11,468,357 6,355,947 7,650,098
Page 12 of 37
Monthly Financial Report September 2014
FUND BALANCE
Page 14 shows the ending fund balance as of September 2014. The City’s fund balance is a combination of current
deficit/surplus of funds which have accrued from unexpended operating budgets, unanticipated excess revenues, and from
balances accumulated from prior years.
The prior year’s balances (or beginning balance) include funds identified as being reserved for specific purposes or required to
meet the current year’s appropriations. These balances also provide financial stability to the City’s operation during uncertain
times and provide a layer of security to bondholders.
At the end of September, the City has $14.4 million reported in the combined general governmental fund balance of the current
year’s operating budget, which is approximately 13% of budgeted operating expenditures. This is a decrease of $3 million from
the year’s beginning balance. September’s ending fund balance is over the anticipated General Governmental Fund Balance of
$9.2 million by $5.2 million or 57.1%. Although the ending fund balance is above projections, it is consistent with the prior
years’ trends.
CONTACT INFORMATION
This report is prepared by the Finance Division of the Administrative Services Department. For additional financial information,
please also review our website: http://www.rentonwa.gov/. For any questions about the report, please feel free to contact us at
hnguyen@rentonwa.gov or JDThomas@Rentonwa.gov.
Page 13 of 37
Monthly Financial Report September 2014
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through September 30, 2014
Funds
Balance
01/01/2014
Budgeted
Revenue
Revenue
09/30/14
Total Funds
Available
Budgeted
Expenditure
Expenditure
09/30/14
Ending
Balance
GENERAL GOVERNMENT FUNDS:17,454,261 108,060,706 75,770,901 93,225,162 112,263,486 78,798,286 14,426,877
000 General 12,515,053 78,095,984 55,336,990 67,852,043 82,362,345 61,455,620 6,396,423
001 Community Services 2,124,598 11,706,752 7,862,952 9,987,550 11,693,059 8,229,649 1,757,902
003 Street 1,667,393 9,028,020 5,978,125 7,645,518 9,134,763 6,372,257 1,273,261
004 Community Dev Block Grant (229,834) 577,004 319,176 89,342 336,973 203,624 (114,282)
005 Museum 52,979 226,683 113,424 166,403 226,683 158,841 7,562
009 Farmers Market 98,826 60,400 50,193 149,019 83,322 53,205 95,814
011 Fire Health & Wellness 55,094 25,000 18,907 74,001 25,000 5,368 68,633
031 Park Memorial 478 ‐ ‐ 478 478 478 ‐
201 Ltd GO Bonds Gen Govt Debt 833,717 1,749,705 877,402 1,711,119 1,749,705 119,700 1,591,419
215 Gen Govt Misc Debt Service 335,957 6,591,158 5,213,732 5,549,689 6,651,158 2,199,544 3,350,145
SPECIAL REVENUE FUNDS:
102 Arterial Street 192,689 633,000 464,461 657,150 810,000 ‐ 657,150
108 Leased City Properties 549,887 833,071 476,472 1,026,359 853,626 540,315 486,044
110 Hotel Motel 185,606 265,000 233,046 418,652 315,693 177,862 240,790
125 1% For Art 97,771 15,000 195 97,966 50,000 7,050 90,916
127 Cable Communication 284,632 85,674 77,503 362,135 85,674 21,155 340,980
135 Springbrook Wetlands Bank 667,613 ‐ 1,412 669,025 ‐ ‐ 669,025
CAPITAL PROJECT FUNDS (CIP):
303 Community Dev Mitigation 934,618 60,000 248,490 1,183,108 ‐ ‐ 1,183,108
304 Fire Mitigation 646,165 50,000 241,662 887,827 ‐ ‐ 887,827
305 Transportation Mitigation 486,185 40,000 524,910 1,011,095 200,000 ‐ 1,011,095
316 Municipal Facilities CIP 5,083,524 3,342,827 1,797,667 6,881,191 8,193,703 1,979,932 4,901,259
317 Transportation CIP 2,687,303 19,250,204 10,359,892 13,047,195 21,228,172 10,346,215 2,700,980
318 So Lake WA Infrastructure Proj 9,012 ‐ 19 9,031 9,012 ‐ 9,031
326 Housing Opportunity 84,599 1,000,000 1,001,029 1,085,628 75,000 ‐ 1,085,628
336 New Library Development 19,571,748 450,000 490,888 20,062,636 20,021,748 1,069,622 18,993,014
ENTERPRISE FUNDS:
402 Airport 191,466 1,505,636 1,915,549 2,107,015 1,496,624 1,163,116 943,899
403 Solid Waste Utility 1,344,883 16,419,820 13,080,314 14,425,197 16,508,948 11,695,848 2,729,349
404 Golf Course 33,445 2,487,449 1,864,210 1,897,655 2,522,025 1,563,514 334,141
422 Airport Capital 1,478,098 15,878,548 1,026,118 2,504,216 17,331,646 2,109,715 394,501
424 Golf Course Capital 285,716 50,000 38,062 323,778 193,894 77,801 245,977
INTERNAL SERVICE FUNDS:
501 Equipment Repair/Replacement 3,935,088 4,380,718 3,284,213 7,219,301 4,669,709 2,477,384 4,741,917
502 Insurance 7,630,077 7,344,062 6,335,201 13,965,278 3,188,983 2,496,922 11,468,356
503 Information Services 2,216,612 4,010,222 2,972,842 5,189,454 5,358,145 3,001,445 2,188,009
504 Facilities 1,167,714 4,105,749 3,196,096 4,363,810 4,570,541 3,196,130 1,167,680
505 Communications 347,771 896,374 689,740 1,037,511 917,403 647,429 390,082
512 Insurance, Healthcare 6,934,304 11,622,068 8,825,206 15,759,510 12,062,456 9,403,562 6,355,948
522 Insurance, Leoff1 Retirees HC 7,207,703 1,735,684 1,340,766 8,548,469 1,738,162 898,370 7,650,099
FIDUCIARY FUNDS:
611 Firemen's Pension 4,790,247 300,000 148,315 4,938,562 225,475 155,972 4,782,590
Funds
Balance
01/01/2014
Budgeted
Revenue
Revenue
09/30/14
Total Funds
Available
Budgeted
Expenditure
Expenditure
09/30/14
Ending
Balance
ENTERPRISE FUNDS: COMBINED UTILITIES 27,993,165 62,804,226 41,668,333 69,661,498 68,496,936 33,819,987 35,841,511
405 Water Utility 8,523,106 13,765,149 13,140,804 21,663,910 11,453,942 6,936,605 14,727,305
406 Waste Water Utility 2,578,193 7,263,934 7,397,806 9,975,999 5,544,029 3,617,933 6,358,066
407 Surface Water Utility 4,342,360 4,867,612 7,440,105 11,782,465 7,006,629 4,388,859 7,393,606
416 King County Metro 2,603,562 15,202,336 11,493,675 14,097,237 15,202,336 10,965,454 3,131,783
425 Water Utility Construction 3,811,904 4,385,000 226,534 4,038,438 7,771,000 3,127,033 911,405
426 Waste Water Construction 2,950,173 4,900,000 536,507 3,486,680 7,055,000 2,106,889 1,379,791
427 Surface Water Construction 3,167,925 12,420,195 1,432,868 4,600,793 14,464,000 2,677,214 1,923,579
471 Waterworks Rate Stabilization 15,942 ‐ 34 15,976 ‐ ‐ 15,976
Note: Waterworks Utility Funds are managed as a system and are designated by the dotted lines.
Page 14 of 37
City of Renton
General Government Financial Position
2014 Budget Year
General Government Summary
Revenues Expenditures
$ Difference
over (under)
w/beginning
balance
17,454,261
January 5,710,991 8,047,088 (2,336,097) 15,118,164
February 12,530,792 15,890,655 (3,359,862) 14,094,399
March 19,541,262 23,627,952 (4,086,690) 13,367,571
April 32,250,423 32,119,009 131,414 17,585,675
May 50,233,421 44,853,913 5,379,508 22,833,769
June 56,390,743 53,545,448 2,845,294 20,299,555
July 62,847,141 62,026,823 820,318 18,274,579
August 68,948,315 70,785,733 (1,837,418) 15,616,843
September 75,770,901 78,798,286 (3,027,385) 14,426,876
October
November
December
(9,000,000)
(8,000,000)
(7,000,000)
(6,000,000)
(5,000,000)
(4,000,000)
(3,000,000)
(2,000,000)
(1,000,000)
‐
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
‐
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
90,000,000
100,000,000
110,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Change in Fund
Balance
Rev/Exp Revenues
Expenditures
Change in Fund Balance
Page 15 of 37
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 5,862,470 5,710,991 ‐2.58%
Feb 11,926,762 12,530,792 5.06%
Mar 17,764,602 19,541,262 10.00%
Apr 35,033,353 32,250,423 ‐7.94%
May 48,860,751 50,233,421 2.81%
Jun 54,413,660 56,390,743 3.63%
Jul 60,958,141 62,847,141 3.10%
Aug 66,330,567 68,948,315 3.95%
Sep 72,288,552 75,770,901 4.82%
Oct 89,216,325
Nov 101,272,637
Dec 108,060,706
Percent of budget 70.12%
Property Tax Budget
YTD
Actual
Annual %
over (under)
Jan 162,468 (101,807) ‐162.66%
Feb 221,564 74,744 ‐66.27%
Mar 1,182,448 1,701,026 43.86%
Apr 11,815,359 7,509,891 ‐36.44%
May 18,180,258 18,201,961 0.12%
Jun 18,250,621 17,957,441 ‐1.61%
Jul 18,542,776 18,309,728 ‐1.26%
Aug 18,546,494 18,488,664 ‐0.31%
Sep 19,130,963 19,063,243 ‐0.35%
Oct 29,751,020
Nov 34,808,607
Dec 35,240,495
Percent of budget 54.09%
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
Millions
Total Revenue
General Government
Budget
Actual
Last Year
$(3)
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
$36
Millions Property Tax
Budget
Actual
Last Year
Page 16 of 37
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Sales Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,780,130 1,796,358 0.91%
Feb 4,049,868 4,122,324 1.79%
Mar 5,735,971 5,867,541 2.29%
Apr 7,449,682 7,607,062 2.11%
May 9,403,295 9,574,693 1.82%
Jun 11,160,683 11,442,944 2.53%
Jul 12,941,079 13,379,782 3.39%
Aug 14,856,274 15,650,879 5.35%
Sep 16,674,205 17,719,960 6.27%
Oct 18,600,929
Nov 20,542,214
Dec 22,432,262
Percent of budget 78.99%
Note: Excludes CJ Sales Tax and Natural Gas Use Tax.
Utility Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,372,593 1,373,119 0.04%
Feb 2,862,943 2,897,682 1.21%
Mar 4,173,577 4,529,120 8.52%
Apr 5,637,269 5,748,119 1.97%
May 7,000,058 7,128,436 1.83%
Jun 8,151,130 8,504,980 4.34%
Jul 9,849,365 10,031,609 1.85%
Aug 11,068,223 11,301,725 2.11%
Sep 12,434,563 12,508,038 0.59%
Oct 13,538,008
Nov 14,760,964
Dec 16,259,850
Percent of budget 76.93%
Note: Includes Natural Gas Use Tax.
$‐
$3
$6
$9
$12
$15
$18
$21
$24
Millions Sales Tax
Budget
Actual
Last Year
$‐
$2
$4
$6
$8
$10
$12
$14
$16
Millions Utility Tax
Budget
Actual
Last Year
Page 17 of 37
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Licenses &
Permits Budget
YTD
Actual
Annual %
over (under)
Jan 283,179 404,067 42.69%
Feb 483,298 718,566 48.68%
Mar 687,979 929,709 35.14%
Apr 1,005,116 1,321,521 31.48%
May 1,238,954 1,615,047 30.36%
Jun 1,452,511 2,018,843 38.99%
Jul 1,758,517 2,340,772 33.11%
Aug 2,047,093 2,584,102 26.23%
Sep 2,213,029 2,866,227 29.52%
Oct 2,636,671
Nov 2,886,417
Dec 3,129,504
Percent of budget 91.59%
Note: Franchise Fees
Intergovt'l Budget
YTD
Actual
Annual %
over (under)
Jan 804,661 846,109 5.15%
Feb 1,644,685 1,714,034 4.22%
Mar 2,017,623 2,206,902 9.38%
Apr 3,096,296 3,273,493 5.72%
May 5,523,875 5,716,232 3.48%
Jun 6,143,873 6,361,338 3.54%
Jul 6,718,562 6,946,598 3.39%
Aug 7,294,834 7,552,833 3.54%
Sep 7,966,027 8,299,399 4.18%
Oct 9,029,642
Nov 11,461,572
Dec 12,094,452
Percent of budget 68.62%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
$10
$11
$12
Millions
Intergovernmental
Budget
Actual
Last Year
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions Licenses & Permits
Budget
Actual
Last Year
Page 18 of 37
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Charges for
Services Budget
YTD
Actual
Annual %
over (under)
Jan 466,134 669,010 43.52%
Feb 1,002,386 1,198,034 19.52%
Mar 1,548,420 1,831,413 18.28%
Apr 2,214,131 2,482,936 12.14%
May 2,816,212 3,017,160 7.14%
Jun 3,402,473 3,730,690 9.65%
Jul 4,200,894 4,470,663 6.42%
Aug 4,887,074 5,183,570 6.07%
Sep 5,421,972 5,742,786 5.92%
Oct 6,024,642
Nov 6,558,687
Dec 7,158,086
Percent of budget 80.23%
Note: Excludes FD25 & FD40 contracts
Fines &
Forfeits Budget
YTD
Actual
Annual %
over (under)
Jan 182,703 136,762 ‐25.15%
Feb 433,957 288,232 ‐33.58%
Mar 710,777 491,714 ‐30.82%
Apr 1,023,092 755,499 ‐26.16%
May 1,332,708 963,935 ‐27.67%
Jun 1,639,716 1,188,149 ‐27.54%
Jul 1,909,496 1,393,252 ‐27.04%
Aug 2,087,621 1,651,980 ‐20.87%
Sep 2,257,534 1,899,460 ‐15.86%
Oct 2,506,763
Nov 2,736,768
Dec 3,058,500
Percent of budget 62.10%
$‐
$1
$2
$3
$4
$5
$6
$7
$8
Millions Charges for Services
Budget
Actual
Last Year
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions Fines & Forfeits
Budget
Actual
Last Year
Page 19 of 37
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Other Taxes Budget
YTD
Actual
Annual %
over (under)
Jan 618,804 343,410 ‐44.50%
Feb 967,476 1,173,666 21.31%
Mar 1,284,796 1,511,820 17.67%
Apr 2,265,235 3,008,720 32.82%
May 2,626,701 3,359,954 27.92%
Jun 3,340,270 4,272,641 27.91%
Jul 4,037,964 5,082,426 25.87%
Aug 4,405,021 5,505,875 24.99%
Sep 4,953,395 6,085,885 22.86%
Oct 5,797,893
Nov 6,095,424
Dec 6,563,000
Percent of budget 92.73%
Misc Budget
YTD
Actual
Annual %
over (under)
Jan 191,797 243,963 27.20%
Feb 260,586 343,510 31.82%
Mar 423,011 469,642 11.02%
Apr 527,173 539,736 2.38%
May 738,691 647,386 ‐12.36%
Jun 872,383 905,100 3.75%
Jul 999,488 883,693 ‐11.59%
Aug 1,137,933 1,005,672 ‐11.62%
Sep 1,236,865 1,558,421 26.00%
Oct 1,330,758
Nov 1,421,983
Dec 2,124,557
Percent of budget 73.35%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
Millions Miscellaneous
Budget
Actual
Last Year
$‐
$1
$2
$3
$4
$5
$6
$7
$8
Millions Other Taxes
Budget
Actual
Last Year
Page 20 of 37
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Other
Financing Budget
YTD
Actual
Annual %
over (under)
Jan ‐ ‐ N/A
Feb ‐ ‐ N/A
Mar ‐ 2,375 100.00%
Apr ‐ 3,447 100.00%
May ‐ 8,617 100.00%
Jun ‐ 8,617 100.00%
Jul ‐ 8,617 100.00%
Aug ‐ 23,015 100.00%
Sep ‐ 27,482 100.00%
Oct ‐
Nov ‐
Dec ‐
Percent of budget 100.00%
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Other Financing Sources
Budget
Actual
Last Year
Page 21 of 37
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
REET Budget
YTD
Actual
Annual %
over (under)
Jan 94,134 162,143 72.25%
Feb 278,168 610,596 119.51%
Mar 438,277 838,225 91.25%
Apr 577,013 1,747,345 202.83%
May 777,722 2,010,091 158.46%
Jun 1,021,902 2,634,433 157.80%
Jul 1,207,067 2,984,646 147.26%
Aug 1,413,460 3,331,324 135.69%
Sep 1,591,955 3,596,857 125.94%
Oct 1,783,413
Nov 2,023,852
Dec 2,900,000
Percent of budget 124.03%
Bldg Permits &
Devlpmt Svc
Fees Budget
YTD
Actual
Annual %
over (under)
Jan 251,556 432,890 72.09%
Feb 467,244 845,207 80.89%
Mar 753,544 1,233,397 63.68%
Apr 1,069,262 1,607,401 50.33%
May 1,390,140 1,956,991 40.78%
Jun 1,668,571 2,473,680 48.25%
Jul 1,976,502 2,762,637 39.77%
Aug 2,328,357 3,062,821 31.54%
Sep 2,542,968 3,431,861 34.95%
Oct 2,975,045
Nov 3,313,782
Dec 3,705,701
Percent of budget 92.61%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
Millions
Real Estate Excise Tax
Budget
Actual
Last Year
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
Millions Building Permits and Development Service
Fees
Budget
Actual
Last Year
Page 22 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 7,702,627 8,047,088 4.47%
Feb 16,440,324 15,890,655 ‐3.34%
Mar 24,209,276 23,627,952 ‐2.40%
Apr 33,106,752 32,119,009 ‐2.98%
May 46,456,710 44,853,913 ‐3.45%
Jun 55,167,725 53,545,448 ‐2.94%
Jul 63,950,799 62,026,823 ‐3.01%
Aug 72,406,490 70,785,733 ‐2.24%
Sep 80,559,068 78,798,286 ‐2.19%
Oct 92,719,992
Nov 101,934,375
Dec 112,263,485
Percent of budget expended 70.19%
Legislative Budget
YTD
Actual
Annual %
over (under)
Jan 24,713 23,569 ‐4.63%
Feb 50,791 55,960 10.18%
Mar 77,175 84,100 8.97%
Apr 103,348 108,911 5.38%
May 128,959 133,956 3.88%
Jun 154,624 159,997 3.48%
Jul 180,383 185,030 2.58%
Aug 205,498 209,660 2.03%
Sep 231,042 234,318 1.42%
Oct 256,847
Nov 282,568
Dec 309,907
Percent of budget expended 75.61%
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
$120
Millions
Total Expenditures
General Government
Budget
Actual
Last Year
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Legislative
Budget
Actual
Last Year
Page 23 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Executive Budget
YTD
Actual
Annual %
over (under)
Jan 80,412 76,257 ‐5.17%
Feb 197,216 186,396 ‐5.49%
Mar 316,702 296,472 ‐6.39%
Apr 439,720 407,807 ‐7.26%
May 557,592 517,214 ‐7.24%
Jun 661,840 629,321 ‐4.91%
Jul 776,168 742,514 ‐4.34%
Aug 891,836 861,339 ‐3.42%
Sep 997,727 972,904 ‐2.49%
Oct 1,110,465
Nov 1,222,415
Dec 1,359,996
Percent of budget expended 71.54%
City Attorney Budget
YTD
Actual
Annual %
over (under)
Jan 143,108 135,206 ‐5.52%
Feb 289,153 276,371 ‐4.42%
Mar 435,055 419,299 ‐3.62%
Apr 589,689 562,501 ‐4.61%
May 731,578 713,626 ‐2.45%
Jun 882,055 878,900 ‐0.36%
Jul 1,024,858 1,035,254 1.01%
Aug 1,170,538 1,196,303 2.20%
Sep 1,323,502 1,352,254 2.17%
Oct 1,482,556
Nov 1,626,768
Dec 1,863,395
Percent of budget expended 72.57%
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
Millions Executive
Budget
Actual
Last Year
$‐
$0.40
$0.80
$1.20
$1.60
$2.00
Millions City Attorney
Budget
Actual
Last Year
Page 24 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Court Services Budget
YTD
Actual
Annual %
over (under)
Jan 163,940 159,512 ‐2.70%
Feb 331,204 323,167 ‐2.43%
Mar 499,924 487,984 ‐2.39%
Apr 676,750 660,115 ‐2.46%
May 849,947 830,863 ‐2.25%
Jun 1,039,155 997,832 ‐3.98%
Jul 1,215,215 1,167,708 ‐3.91%
Aug 1,385,662 1,333,913 ‐3.73%
Sep 1,555,116 1,495,607 ‐3.83%
Oct 1,726,270
Nov 1,897,359
Dec 2,094,010
Percent of budget expended 71.42%
CED Admin Budget
YTD
Actual
Annual %
over (under)
Jan 83,847 83,232 ‐0.73%
Feb 167,836 166,457 ‐0.82%
Mar 252,105 249,681 ‐0.96%
Apr 338,988 333,812 ‐1.53%
May 421,256 418,279 ‐0.71%
Jun 504,064 502,746 ‐0.26%
Jul 586,980 587,213 0.04%
Aug 669,788 671,680 0.28%
Sep 752,773 756,148 0.45%
Oct 835,539
Nov 918,100
Dec 1,012,142
Percent of budget expended 74.71%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
$2.20
Millions Court Services
Budget
Actual
Last Year
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions
Community & Economic
Development Admin
Budget
Actual
Last Year
Page 25 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Development
Services Budget
YTD
Actual
Annual %
over (under)
Jan 245,147 216,780 ‐11.57%
Feb 475,540 437,105 ‐8.08%
Mar 710,754 683,399 ‐3.85%
Apr 967,749 931,956 ‐3.70%
May 1,211,026 1,163,496 ‐3.92%
Jun 1,463,648 1,382,845 ‐5.52%
Jul 1,721,037 1,593,443 ‐7.41%
Aug 1,995,920 1,817,405 ‐8.94%
Sep 2,250,357 2,003,133 ‐10.99%
Oct 2,519,009
Nov 2,776,952
Dec 3,040,435
Percent of budget expended 65.88%
Economic
Development Budget
YTD
Actual
Annual %
over (under)
Jan 79,265 36,443 ‐54.02%
Feb 121,101 80,671 ‐33.39%
Mar 166,928 136,650 ‐18.14%
Apr 216,402 186,131 ‐13.99%
May 261,778 230,384 ‐11.99%
Jun 312,460 286,843 ‐8.20%
Jul 365,766 353,794 ‐3.27%
Aug 423,762 410,729 ‐3.08%
Sep 475,562 465,775 ‐2.06%
Oct 526,555
Nov 583,152
Dec 644,063
Percent of budget expended 72.32%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions
Development Services
Budget
Actual
Last Year
$‐
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
Millions
Economic Development
Budget
Actual
Last Year
Page 26 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Planning Budget
YTD
Actual
Annual %
over (under)
Jan 176,776 123,910 ‐29.91%
Feb 364,981 264,152 ‐27.63%
Mar 549,854 426,860 ‐22.37%
Apr 735,514 584,673 ‐20.51%
May 921,326 747,714 ‐18.84%
Jun 1,108,350 922,069 ‐16.81%
Jul 1,296,003 1,107,408 ‐14.55%
Aug 1,501,983 1,300,370 ‐13.42%
Sep 1,703,471 1,486,360 ‐12.75%
Oct 1,879,353
Nov 2,062,499
Dec 2,261,206
Percent of budget expended 65.73%
Finance Budget
YTD
Actual
Annual %
over (under)
Jan 174,219 161,643 ‐7.22%
Feb 350,791 331,528 ‐5.49%
Mar 537,158 505,966 ‐5.81%
Apr 733,247 678,686 ‐7.44%
May 934,634 852,555 ‐8.78%
Jun 1,140,246 1,129,517 ‐0.94%
Jul 1,350,983 1,336,451 ‐1.08%
Aug 1,565,061 1,578,130 0.84%
Sep 1,752,355 1,770,575 1.04%
Oct 1,927,705
Nov 2,098,547
Dec 2,644,758
Percent of budget expended 66.95%
$‐
$0.40
$0.80
$1.20
$1.60
$2.00
$2.40
$2.80
Millions Finance
Budget
Actual
Last Year
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
Millions
Planning
Budget
Actual
Last Year
Page 27 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
City Clerk Budget
YTD
Actual
Annual %
over (under)
Jan 64,003 62,855 ‐1.79%
Feb 132,897 183,252 37.89%
Mar 216,913 380,731 75.52%
Apr 292,782 446,560 52.52%
May 498,004 516,105 3.63%
Jun 563,065 583,164 3.57%
Jul 745,933 650,434 ‐12.80%
Aug 827,964 717,774 ‐13.31%
Sep 901,085 783,328 ‐13.07%
Oct 973,200
Nov 1,046,567
Dec 1,125,927
Percent of budget expended 69.57%
Includes Hearing Examiner
Human
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 72,706 63,751 ‐12.32%
Feb 152,715 131,247 ‐14.06%
Mar 239,432 203,164 ‐15.15%
Apr 320,251 294,344 ‐8.09%
May 397,478 365,419 ‐8.07%
Jun 489,534 439,333 ‐10.25%
Jul 572,574 516,316 ‐9.83%
Aug 658,226 597,747 ‐9.19%
Sep 739,793 677,205 ‐8.46%
Oct 822,360
Nov 907,045
Dec 1,002,994
Percent of budget expended 67.52%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
Millions Human Resources
Budget
Actual
Last Year
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions City Clerk
Budget
Actual
Last Year
Page 28 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Police Budget
YTD
Actual
Annual %
over (under)
Jan 2,461,536 2,620,270 6.45%
Feb 4,914,804 4,935,606 0.42%
Mar 7,347,775 7,538,512 2.60%
Apr 9,883,702 9,787,131 ‐0.98%
May 12,495,735 12,388,107 ‐0.86%
Jun 14,859,786 14,833,908 ‐0.17%
Jul 17,520,296 17,418,007 ‐0.58%
Aug 19,807,596 19,670,400 ‐0.69%
Sep 22,438,819 22,287,048 ‐0.68%
Oct 25,353,865
Nov 27,993,954
Dec 30,616,637
Percent of budget expended 72.79%
Fire &
Emergency
Services Budget
YTD
Actual
Annual %
over (under)
Jan 2,041,819 2,561,083 25.43%
Feb 4,847,480 4,745,812 ‐2.10%
Mar 6,854,096 6,727,201 ‐1.85%
Apr 8,855,803 8,701,872 ‐1.74%
May 11,028,108 10,587,000 ‐4.00%
Jun 13,014,291 12,576,090 ‐3.37%
Jul 15,006,605 14,602,905 ‐2.69%
Aug 17,030,818 17,031,941 0.01%
Sep 19,036,886 19,047,501 0.06%
Oct 21,071,064
Nov 23,133,937
Dec 25,219,873
Percent of budget expended 75.53%
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
Millions Police
Budget
Actual
Last Year
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
Millions Fire & Emergency Services
Budget
Actual
Last Year
Page 29 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Community
Services Admin Budget
YTD
Actual
Annual %
over (under)
Jan 42,394 36,113 ‐14.82%
Feb 82,537 75,787 ‐8.18%
Mar 122,781 120,240 ‐2.07%
Apr 164,144 158,781 ‐3.27%
May 205,095 196,067 ‐4.40%
Jun 245,774 233,851 ‐4.85%
Jul 286,244 273,470 ‐4.46%
Aug 326,379 311,518 ‐4.55%
Sep 366,052 350,076 ‐4.36%
Oct 405,523
Nov 447,189
Dec 493,982
Percent of budget expended 70.87%
Parks Budget
YTD
Actual
Annual %
over (under)
Jan 292,322 271,473 ‐7.13%
Feb 598,427 555,521 ‐7.17%
Mar 920,103 856,188 ‐6.95%
Apr 1,273,822 1,154,945 ‐9.33%
May 1,614,058 1,483,776 ‐8.07%
Jun 1,979,168 1,838,337 ‐7.12%
Jul 2,366,921 2,221,396 ‐6.15%
Aug 2,777,634 2,651,206 ‐4.55%
Sep 3,184,127 3,062,286 ‐3.83%
Oct 3,574,538
Nov 3,939,495
Dec 4,311,514
Percent of budget expended 71.03%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
Millions Parks
Budget
Actual
Last Year
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
Community Services Admin
Budget
Actual
Last Year
Page 30 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Parks Planning
and Natural
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 49,228 43,855 ‐10.91%
Feb 101,030 90,409 ‐10.51%
Mar 166,883 148,948 ‐10.75%
Apr 229,214 201,429 ‐12.12%
May 301,827 270,042 ‐10.53%
Jun 366,732 323,404 ‐11.81%
Jul 431,978 388,391 ‐10.09%
Aug 495,631 447,522 ‐9.71%
Sep 564,205 520,028 ‐7.83%
Oct 636,195
Nov 702,081
Dec 880,373
Percent of budget expended 59.07%
Recreation Budget
YTD
Actual
Annual %
over (under)
Jan 317,480 278,944 ‐12.14%
Feb 677,093 603,208 ‐10.91%
Mar 1,041,360 928,117 ‐10.87%
Apr 1,429,365 1,262,485 ‐11.68%
May 1,793,244 1,601,422 ‐10.70%
Jun 2,188,393 1,972,450 ‐9.87%
Jul 2,809,941 2,585,291 ‐7.99%
Aug 3,479,188 3,235,603 ‐7.00%
Sep 3,980,445 3,741,873 ‐5.99%
Oct 4,344,574
Nov 4,701,254
Dec 5,111,272
Percent of budget expended 73.21%
$‐
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
Parks Planning and Natural Resources
Budget
Actual
Last Year
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50
Millions Recreation
Budget
Actual
Last Year
Page 31 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Human
Services Budget
YTD
Actual
Annual %
over (under)
Jan 55,618 47,594 ‐14.43%
Feb 137,342 143,610 4.56%
Mar 256,950 249,760 ‐2.80%
Apr 398,189 385,688 ‐3.14%
May 482,903 453,886 ‐6.01%
Jun 553,577 503,169 ‐9.11%
Jul 696,013 632,253 ‐9.16%
Aug 766,601 734,148 ‐4.23%
Sep 820,966 778,514 ‐5.17%
Oct 972,513
Nov 1,051,935
Dec 1,250,790
Percent of budget expended 62.24%
Neighborhoods
, Resources,
and Events Budget
YTD
Actual
Annual %
over (under)
Jan 68,622 57,193 ‐16.66%
Feb 131,885 146,776 11.29%
Mar 210,347 200,847 ‐4.52%
Apr 280,168 257,492 ‐8.09%
May 348,656 307,785 ‐11.72%
Jun 436,118 371,803 ‐14.75%
Jul 544,155 472,085 ‐13.24%
Aug 631,090 545,684 ‐13.53%
Sep 711,521 609,069 ‐14.40%
Oct 785,130
Nov 890,176
Dec 979,716
Percent of budget expended 62.17%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
Millions Human Services
Budget
Actual
Last Year
$‐
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
Neighborhoods, Resources, and Events
Budget
Actual
Last Year
Page 32 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Museum Fund Budget
YTD
Actual
Annual %
over (under)
Jan 18,447 16,819 ‐8.82%
Feb 37,132 33,387 ‐10.09%
Mar 55,837 49,955 ‐10.53%
Apr 75,357 66,789 ‐11.37%
May 94,204 84,860 ‐9.92%
Jun 113,251 103,291 ‐8.79%
Jul 131,932 121,764 ‐7.71%
Aug 150,895 140,521 ‐6.87%
Sep 169,970 158,841 ‐6.55%
Oct 189,000
Nov 208,138
Dec 226,683
Percent of budget expended 70.07%
Public Works
Admin Budget
YTD
Actual
Annual %
over (under)
Jan 40,644 31,793 ‐21.78%
Feb 81,126 63,574 ‐21.64%
Mar 121,691 95,355 ‐21.64%
Apr 164,065 127,778 ‐22.12%
May 203,500 160,270 ‐21.24%
Jun 241,286 193,002 ‐20.01%
Jul 277,486 225,599 ‐18.70%
Aug 314,166 258,263 ‐17.79%
Sep 350,422 291,876 ‐16.71%
Oct 385,541
Nov 420,605
Dec 456,340
Percent of budget expended 63.96%
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
Public Works Admin
Budget
Actual
Last Year
$‐
$30,000
$60,000
$90,000
$120,000
$150,000
$180,000
$210,000
$240,000
Museum Fund
Budget
Actual
Last Year
Page 33 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Street
Maintenance Budget
YTD
Actual
Annual %
over (under)
Jan 357,056 311,026 ‐12.89%
Feb 762,542 658,352 ‐13.66%
Mar 1,136,757 980,862 ‐13.71%
Apr 1,524,658 1,423,475 ‐6.64%
May 1,897,484 1,791,574 ‐5.58%
Jun 2,295,209 2,157,217 ‐6.01%
Jul 2,669,674 2,532,280 ‐5.15%
Aug 3,032,552 2,911,004 ‐4.01%
Sep 3,407,811 3,292,979 ‐3.37%
Oct 3,787,372
Nov 4,167,811
Dec 4,595,011
Percent of budget expended 71.66%
Transportation Budget
YTD
Actual
Annual %
over (under)
Jan 299,741 278,181 ‐7.19%
Feb 664,652 632,259 ‐4.87%
Mar 1,036,278 921,240 ‐11.10%
Apr 1,468,622 1,450,448 ‐1.24%
May 1,810,444 1,771,639 ‐2.14%
Jun 2,129,219 2,100,480 ‐1.35%
Jul 2,522,140 2,426,304 ‐3.80%
Aug 2,918,281 2,773,453 ‐4.96%
Sep 3,263,752 3,079,278 ‐5.65%
Oct 3,635,898
Nov 3,985,013
Dec 4,539,752
Percent of budget expended 67.83%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
Millions Street Maintenance
Budget
Actual
Last Year
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
Millions Transportation
Budget
Actual
Last Year
Page 34 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Debt Service Budget
YTD
Actual
Annual %
over (under)
Jan 51,520 51,520 0.00%
Feb 302,837 302,837 0.00%
Mar 303,355 303,355 0.00%
Apr 916,538 916,538 0.00%
May 917,058 917,058 0.00%
Jun 1,807,407 1,807,407 0.00%
Jul 2,068,927 2,068,927 0.00%
Aug 2,319,244 2,319,244 0.00%
Sep 2,319,244 2,319,244 0.00%
Oct 7,000,719
Nov 7,700,791
Dec 8,400,863
Percent of budget expended 27.61%
Non‐
Departmental
Other City Budget
YTD
Actual
Annual %
over (under)
Jan 298,065 298,065 0.00%
Feb 467,210 467,210 0.00%
Mar 633,063 633,063 0.00%
Apr 1,028,664 1,028,664 0.00%
May 6,350,814 6,350,814 0.00%
Jun 6,618,473 6,618,473 0.00%
Jul 6,782,586 6,782,586 0.00%
Aug 7,060,175 7,060,175 0.00%
Sep 7,262,067 7,262,067 0.00%
Oct 6,518,203
Nov 7,170,024
Dec 7,821,844
Percent of budget expended 92.84%
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
Millions Non‐Departmental Other City Services
Budget
Actual
Last Year
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
Millions Debt Service
Budget
Actual
Last Year
Page 35 of 37
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2014 Budget Year
Utilities Budget Revenue Expense
Jan 4,282,915 6,606,636 3,795,307
Feb 9,840,870 11,939,236 8,329,760
Mar 17,396,247 17,397,529 13,080,021
Apr 23,772,199 23,768,876 17,635,562
May 30,981,842 29,697,956 22,628,698
Jun 39,313,999 35,247,583 28,309,030
Jul 47,349,047 41,725,569 34,204,756
Aug 54,084,273 48,485,673 39,583,355
Sep 61,668,578 54,748,613 45,515,835
Oct 67,516,946
Nov 73,775,492
Dec 85,005,884
Percent of budget expended 52.35%
Note: Operations and Capital
Airport Budget Revenue Expense
Jan 211,065 292,698 108,595
Feb 433,615 639,757 472,632
Mar 878,150 1,015,941 1,226,930
Apr 1,081,496 1,499,014 1,410,992
May 2,139,080 1,720,026 1,746,960
Jun 3,390,971 2,031,905 1,929,278
Jul 5,546,997 2,302,052 2,441,832
Aug 11,430,266 2,647,308 2,642,994
Sep 12,053,858 2,941,667 3,272,831
Oct 17,677,109
Nov 17,970,642
Dec 18,828,270
Percent of budget expended 17.38%
Note: Operations and Capital
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
Millions Utilities
Budget
Revenue
Expense
$‐
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
$20.00
Millions Airport
Budget
Revenue
Expense
Page 36 of 37
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2014 Budget Year
Golf Course Budget Revenue Expense
Jan 148,339 83,199 128,950
Feb 311,204 157,539 295,744
Mar 506,698 276,011 463,052
Apr 746,715 478,430 653,009
May 929,343 731,751 898,163
Jun 1,151,882 1,039,218 1,072,304
Jul 1,346,835 1,356,019 1,258,392
Aug 1,533,049 1,664,007 1,449,288
Sep 1,729,746 1,902,271 1,641,315
Oct 1,916,501
Nov 2,077,100
Dec 2,715,919
Percent of budget expended 60.43%
Note: Operations and Capital
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
$2.10
$2.40
$2.70
$3.00
Millions Golf Course
Budget
Revenue
Expense
Page 37 of 37