HomeMy WebLinkAbout201412, December.pdf ADMINISTRATIVE SERVICES
DEPARTMENT
M E M O R A N D U M
DATE: February 12, 2015
TO: Ed Prince, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: December 2014 Financial Status Report
At the end of December, general governmental revenues show $1.2 million or 1.1% over
budget. Revenues sources that are higher than expected are: sales tax ($227k); sales tax
annexation credit ($306k); state shared revenue ($530k); utility taxes ($116k); real estate excise
tax ($349k); and interest and other earnings ($211k). On the down side, the revenue sources
that are underperforming the year to date budget are: building permits & development service
fees ($252k); fines/penalties ($376k below) and seizure funds ($112k).
General government expenditures showed a favorable variance of $2.6 million or 2.3%. See
page 10 of report for further expenditure over‐spent explanations.
The attached report provides more detailed discussion of each revenue source and our updated
projections for the year. Please do not hesitate to contact me at x6952 should you have any
questions or any suggestions about the report.
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General Governmental Funds
$%
Beginning Fund Balance 11,057,551$ 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 33,466,364 32,485,690 32,485,690 35,240,495 35,240,495 35,295,390 54,895 0.2%
Sales Tax 18,564,670 18,564,670 20,416,372 20,416,372 21,285,392 21,285,392 21,512,379 226,987 1.1%
Sales Tax ‐ Annexation Credit 2,208,492 2,208,492 2,418,789 2,418,789 2,236,262 2,236,262 2,542,394 306,132 13.7%
Criminal Justice Sales Tax 1,924,470 1,924,470 2,091,174 2,091,174 2,000,000 2,000,000 2,267,947 267,947 13.4%
Natural Gas Use Tax 272,530 272,530 263,660 263,660 300,000 300,000 271,485 (28,515) ‐9.5%
Admission Tax 311,054 311,054 327,258 327,258 308,000 308,000 310,311 2,311 0.8%
Franchise Fees 1,262,188 1,262,188 1,312,727 1,312,727 1,260,000 1,260,000 1,342,269 82,269 6.5%
Electricity Tax 5,211,111 5,211,111 5,155,789 5,155,789 5,409,000 5,409,000 5,167,444 (241,556) ‐4.5%
Natural Gas Utility Tax 1,669,967 1,669,967 1,550,900 1,550,900 1,500,520 1,500,520 1,562,341 61,821 4.1%
Garbage/Solid Waste 330,607 330,607 397,596 397,596 300,000 300,000 573,457 273,457 91.2%
TV Cable 1,423,664 1,423,664 1,481,779 1,481,779 1,529,365 1,529,365 1,518,821 (10,544) ‐0.7%
Telephone 1,056,420 1,056,420 917,021 917,021 952,500 952,500 909,088 (43,412) ‐4.6%
Cellular Phone 2,183,853 2,183,853 2,050,312 2,050,312 2,077,000 2,077,000 1,951,925 (125,075) ‐6.0%
City Utilities 3,806,281 3,806,281 3,964,989 3,964,989 3,791,465 3,791,465 3,961,052 169,587 4.5%
Utility Tax Audit ‐ ‐ ‐ ‐ 400,000 400,000 460,513 60,513 15.1%
Leasehold Excise Tax 158,849 158,849 164,637 164,637 145,000 145,000 171,470 26,470 18.3%
Gambling Excise Tax 1,691,209 1,691,209 1,319,585 1,319,585 1,600,000 1,600,000 1,650,384 50,384 3.1%
Real Estate Excise Tax 2,811,902 2,811,902 4,131,665 4,131,665 4,000,000 4,000,000 4,348,762 348,762 8.7%
Less: CIP REET (943,792) (943,792) (700,000) (700,000) (1,650,000) (1,650,000) (1,650,000) ‐ 0.0%
EMS Levy 885,781 885,781 916,361 916,361 900,000 900,000 916,361 16,361 1.8%
Business License Fees 444,680 444,680 503,766 503,766 533,067 533,067 515,555 (17,512) ‐3.3%
Animal Licenses and Spec Events Permits 91,835 91,835 99,411 99,411 90,000 90,000 95,698 5,698 6.3%
Building Permits & Development Svc Fees 3,552,369 3,552,369 4,001,625 4,001,625 4,771,087 4,771,087 4,519,234 (251,853) ‐5.3%
Intergovt'l (Grants, State Shared, etc) 4,593,185 4,593,185 3,863,974 3,863,974 4,348,873 4,348,873 4,522,540 173,667 4.0%
Fire District 25 and 40 Contracts 6,155,621 6,155,621 5,726,895 5,726,895 5,877,463 5,877,463 5,957,394 79,931 1.4%
Public Safety 485,899 485,899 680,581 680,581 774,535 774,535 846,409 71,874 9.3%
Culture and Recreation 1,494,165 1,494,165 1,494,580 1,494,580 1,525,863 1,525,863 1,485,123 (40,740) ‐2.7%
Interfund/Interdept‐Services 3,311,715 3,311,715 3,464,913 3,464,913 3,332,794 3,332,794 3,270,503 (62,291) ‐1.9%
Fines and Penalties 1,046,246 1,046,246 1,137,140 1,137,140 1,108,500 1,108,500 962,977 (145,523) ‐13.1%
Photo Enforcement 1,976,203 1,976,203 1,629,524 1,629,524 1,950,000 1,950,000 1,719,971 (230,029) ‐11.8%
Seizure Funds ‐ Federal/State/Local 37,941 37,941 50,639 50,639 180,693 180,693 68,870 (111,823) ‐61.9%
Interests and Other Earnings 342,424 342,424 423,609 423,609 770,300 770,300 981,630 211,330 27.4%
Rents, Leases, and Concessions 822,428 822,428 734,530 734,530 756,464 756,464 711,070 (45,394) ‐6.0%
Contributions and Donations 124,082 124,082 84,320 84,320 96,100 96,100 113,626 17,526 18.2%
Other Miscellaneous 564,571 564,571 684,187 684,187 861,924 861,924 879,105 17,181 2.0%
Other Financing Sources (Transfer‐In, etc) 5,118,188 5,118,188 299,527 299,527 ‐ ‐ 48,632 48,632 100.0%
Total Operating Revenues 108,457,170 108,457,170 105,545,527 105,545,527 110,562,662 110,562,662 111,782,133 1,219,471 1.1%
OPERATING EXPENDITURES
Council 278,768 278,768 289,911 289,911 309,907 309,907 309,317 590 0.2%
Executive 1,377,109 1,377,109 1,240,910 1,240,910 1,359,996 1,359,996 1,338,738 21,258 1.6%
City Attorney 1,706,320 1,706,320 1,922,225 1,922,225 1,863,395 1,863,395 1,829,254 34,141 1.8%
Court Services 2,074,980 2,074,980 2,003,104 2,003,104 2,094,010 2,094,010 2,016,273 77,738 3.7%
Community and Eco Dvlpmnt Admin 942,071 942,071 1,047,860 1,047,860 1,012,142 1,012,142 1,010,761 1,381 0.1%
Development Services 3,103,568 3,103,568 3,243,702 3,243,702 3,040,435 3,040,435 2,659,078 381,357 12.5%
Economic Development 529,043 529,043 467,511 467,511 722,780 722,780 654,007 68,773 9.5%
Planning 1,482,233 1,482,233 1,510,707 1,510,707 2,261,206 2,261,206 2,095,706 165,499 7.3%
Finance 2,221,882 2,221,882 2,274,147 2,274,147 2,644,758 2,644,758 2,644,827 (69) 0.0%
City Clerk 997,434 997,434 1,020,822 1,020,822 1,125,927 1,125,927 1,152,246 (26,319) ‐2.3%
Human Resources 937,412 937,412 904,182 904,182 1,002,994 1,002,994 922,668 80,326 8.0%
Police 25,004,580 25,004,580 24,946,784 24,946,784 26,066,637 26,066,637 26,383,640 (317,003) ‐1.2%
Jail Services 3,489,616 3,489,616 3,814,042 3,814,042 4,500,000 4,500,000 3,760,273 739,727 16.4%
Fire 24,173,315 24,173,315 24,444,372 24,444,372 25,392,334 25,392,334 25,240,760 151,574 0.6%
Community Services Admin 434,558 434,558 452,146 452,146 493,982 493,982 480,727 13,254 2.7%
Parks 4,004,054 4,004,054 4,024,756 4,024,756 4,311,514 4,311,514 4,070,181 241,334 5.6%
Parks Planning & Natural Resources 577,934 577,934 829,250 829,250 880,373 880,373 722,739 157,634 17.9%
Recreation 4,982,229 4,982,229 4,846,970 4,846,970 5,111,272 5,111,272 4,823,195 288,078 5.6%
Human Services 1,193,871 1,193,871 1,162,330 1,162,330 1,250,790 1,250,790 1,159,189 91,601 7.3%
Neighborhoods, Resources, & Events 701,673 701,673 770,841 770,841 979,716 979,716 875,223 104,493 10.7%
Library 278,604 278,604 ‐ ‐ ‐ ‐ ‐ ‐ 0.0%
Museum 216,887 216,887 209,387 209,387 226,683 226,683 214,291 12,392 5.5%
Public Works Admin 470,051 470,051 426,312 426,312 456,340 456,340 389,493 66,847 14.6%
Street Maintenance 3,755,640 3,755,640 3,814,132 3,814,132 4,595,011 4,595,011 4,503,315 91,697 2.0%
Transportation 4,615,160 4,615,160 4,476,854 4,476,854 4,539,752 4,539,752 4,263,725 276,027 6.1%
Debt Service 9,752,337 9,752,337 8,048,508 8,048,508 8,400,863 8,400,863 8,393,140 7,723 0.1%
Non‐Departmental and Other 4,637,555 4,637,555 5,475,340 5,475,340 9,646,844 9,646,844 9,758,346 (111,502) ‐1.2%
Total Operating Expenditures 103,938,882 103,938,882 103,667,105 103,667,105 114,289,663 114,289,663 111,671,112 2,618,552 2.3%
Total Ending Fund Balance 15,575,840$ 15,575,840$ 17,454,262$ 17,454,262$ 13,727,260$ 13,727,260$ 17,565,282$ 3,838,023$ 28.0%
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 December 2014
Page 1 of 38
Monthly Financial Report December 2014
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through December 31, 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
December’s collection is $404k,
making the total year‐to‐date
collection $35.3 million or 100%
of the total budget. In
comparison to the previous year,
the City collected $2.8 million or
9% more. Compared to the
budget, the City is above
projections by $55k. The variance
from the monthly budget is due to
the timing of collections. The City
has met the budget at year‐end
for property taxes.
Sales Tax
December 2014 sales tax receipts
totalled $1.8 million. Compared
with the same month last year, it
is $156k or 9% more. Compared
to the projected current month’s
budget, it is $50k or 3% above.
The year‐to‐date collection of
$21.5 million is $1.1 million or 5%
more than the prior year and is
also $227k or 1% more than
budgeted. As you can see in the
table on the next page, 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 has met the budget at year‐end for
sales taxes.
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 11,777,175 1,636,283 16% 1,157,118 11%
Nov 4,341,474 5,057,587 4,051,387 (290,087) ‐7% (1,006,200) ‐20%
Dec 443,072 431,888 403,584 (39,488) ‐9% (28,304) ‐7%
YTD Total 32,485,690$ 35,240,495$ 35,295,390$ 2,809,700$ 9% 54,895$ 0%
Annual Total 32,485,690$ 35,240,495$
Property Tax Revenues
Year to Date through December
2014 vs. 2013 2014 vs. Budget
Month
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 1,620,555$ 1,694,161$ 1,607,045$ (13,510)$ ‐1% (87,116)$ ‐5%
Feb 1,962,886 2,157,938 2,079,673 116,787 6% (78,266) ‐4%
Mar 1,536,397 1,605,372 1,562,210 25,814 2% (43,162) ‐3%
Apr 1,509,953 1,632,427 1,558,271 48,318 3% (74,156) ‐5%
May 1,732,058 1,857,781 1,759,697 27,639 2% (98,084) ‐5%
Jun 1,552,807 1,669,495 1,669,870 117,064 8% 375 0%
Jul 1,647,860 1,685,937 1,731,929 84,069 5% 45,991 3%
Aug 1,833,347 1,811,453 2,030,161 196,814 11% 218,708 12%
Sep 1,741,262 1,721,900 1,849,720 108,457 6% 127,819 7%
Oct 1,790,411 1,822,256 1,869,025 78,614 4% 46,769 3%
Nov 1,802,768 1,834,738 1,952,887 150,118 8% 118,149 6%
Dec 1,686,069 1,791,932 1,841,892 155,823 9% 49,960 3%
YTD Total 20,416,372$ 21,285,392$ 21,512,379$ 1,096,007$ 5% 226,987$ 1%
Annual Total 20,416,372$ 21,285,392$
2014 vs. Budget2014 vs. 2013
Month
Year to Date through December
Local Retail Sales Tax Revenues
Page 2 of 38
Monthly Financial Report December 2014
The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business
sectors:
Utility tax
December utility tax revenues are
$1.5 million, which is $11k or 1%
higher than the same month last
year but is behind the budget by
$4k. The year‐to‐date collection is
$16.4 million, which is $594k or
4% higher than the prior year and
is also $116k or 1% higher than
the budget. The City has met the
budget at year‐end for utility
taxes.
The table below breaks out Utility Tax by source. The variance for Electrical utilities is due to over budgeting. The variance
for Cellular utilities is due to lower activity. 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 and higher than
expected revenue. Utility Tax Audit revenues are reported as gross receipts and therefore do not include the audit related
expenses.
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 1,202,725 129,952 12% 99,280 9%
Nov 1,244,671 1,222,957 1,170,266 (74,405) ‐6% (52,691) ‐4%
Dec 1,484,137 1,498,886 1,495,099 10,961 1% (3,787) 0%
YTD Total 15,782,047$ 16,259,850$ 16,376,127$ 594,080$ 4% 116,277$ 1%
Annual Total 15,782,047$ 16,259,850$
2014 vs. Budget2014 vs. 2013
Year to Date through December
Utility Tax Revenues
Month
Sales Tax by Sector 2013 2014 Bgt YTD Act Change 2014/2013 2014 Act vs Bgt
New Construction 2,694,710$ 2,219,671$ 2,316,188$ (378,523)$ ‐14%$ 96,517 4%
Auto Sales 3,731,241 4,129,134 4,104,744 373,504 10% (24,390)‐1%
General Retail 6,577,601 7,036,384 6,717,460 139,859 2% (318,924)‐5%
Manufacturing 1,323,363 1,394,747 2,039,205 715,842 54% 644,458 46%
Wholesale 1,174,007 1,255,895 1,168,059 (5,948) ‐1% (87,835)‐7%
Service 4,362,344 4,666,620 4,576,039 213,695 5% (90,581)‐2%
Other 553,106 582,942 590,685 37,579 7% 7,743 1%
YTD Total 20,416,372$ 21,285,392$ 21,512,379$ 1,096,007$ 5%226,987$ 1%
Note: Excludes Annexation Credit and Criminal Justice Sales Tax revenue.
Utility Tax by Type 2013 2014 Bgt YTD Act Change 2014/2013 2014 Act vs Bgt
Electrical 5,155,789$ 5,409,000$ 5,167,444$ 11,655$ 0%$ (241,556)‐4%
Natural Gas 1,814,561 1,800,520 1,833,826 19,266 1% 33,306 2%
Cell 2,050,312 2,077,000 1,951,925 (98,387) ‐5% (125,075)‐6%
Phone 917,021 952,500 909,088 (7,933) ‐1% (43,412)‐5%
Cable 1,481,779 1,529,365 1,518,821 37,042 2% (10,544)‐1%
Garbage/Solid Waste 397,596 300,000 573,457 175,861 44% 273,457 91%
City Utilities 3,964,989 3,791,465 3,961,052 (3,937) 0% 169,587 4%
Utility Tax Audit ‐ 400,000 460,513 460,513 100% 60,513 15%
YTD Total 15,782,047$ 16,259,850$ 16,376,127$ 594,080$ 4%116,277$ 1%
Annual Total 15,782,047$ 16,259,850$
YTD as % of 100% 100%
Page 3 of 38
Monthly Financial Report December 2014
Other Taxes
Real Estate Excise Tax
The City collected $92k in Real
Estate Excise Tax revenues (REET)
for December. This is $1.2 million
or 93% less than the same month
last year and is $325k or 78% less
than the current month’s budget.
This is due to a large collection in
December 2013. The year‐to‐date
collection is $4.3 million, which is
$217k or 5% more than the prior
year and is also $349k or 9%
above the budget. The higher
than expected variance is due to
13 large transactions in February,
March, April, June, July, October
and November which accounts for
$1.4 million of the total REET collected. The monthly budget is based on a normalized annual distribution (2012 only). The City
has met the budget for REET.
Gambling Tax
December’s Gambling Tax
collections totalled $149k, which
is $2k or 2% below the same
month last year and is also below
the current month’s budget by
$13k or 8%. The year‐to‐date
total of $1.7 million is $331k or
25% above the year and is also
$50k or 3% above budget. Second
half of 2014 has improved due to
new ownerships of 2
establishments.
Pull tabs overall had a 15%
increase, bingo had a 3%
decrease, and card‐rooms are
seeing 31% 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 $1.3 million
is $30k or 2% higher than the
prior year and is also $82k or 7%
above the projected year‐to‐date
budget.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 134,099$ 105,175$ 162,143$ 28,044$ 21% 56,968$ 54%
Feb 262,229 290,115 448,452 186,223 71% 158,338 55%
Mar 228,077 275,816 227,629 (448) 0% (48,187) ‐17%
Apr 197,659 264,009 909,120 711,461 360% 645,111 244%
May 285,948 343,371 262,746 (23,202) ‐8% (80,625) ‐23%
Jun 347,890 470,361 624,342 276,452 79% 153,981 33%
Jul 263,807 240,938 350,214 86,407 33% 109,275 45%
Aug 294,056 302,031 346,677 52,622 18% 44,646 15%
Sep 254,318 234,669 265,534 11,216 4% 30,865 13%
Oct 272,776 464,630 436,050 163,274 60% (28,581) ‐6%
Nov 342,535 591,867 223,675 (118,860) ‐35% (368,191) ‐62%
Dec 1,248,272 417,018 92,179 (1,156,092) ‐93% (324,839) ‐78%
YTD Total 4,131,665$ 4,000,000$ 4,348,762$ 217,097$ 5% 348,762$ 9%
Annual Total 4,131,665$ 4,000,000$
Real Estate Excise Tax Revenues
Year to Date through December
Month
2014 vs. Budget2014 vs. 2013
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 112,141 106,090 155,499 43,358 39% 49,408 47%
Nov 114,909 155,314 156,921 42,012 37% 1,607 1%
Dec 151,327 161,736 148,970 (2,358) ‐2% (12,767) ‐8%
YTD Total 1,319,585$ 1,600,000$ 1,650,384$ 330,799$ 25% 50,384$ 3%
Annual Total 1,319,585$ 1,600,000$
Year to Date through December
2014 vs. 2013 2014 vs. Budget
Gambling Tax Revenue
Month
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 ‐ (892) ‐100% (437) ‐100%
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 321,202 308,381 321,828 626 0% 13,446 4%
Dec 48,484 47,308 49,502 1,018 2% 2,194 5%
YTD Total 1,312,727$ 1,260,000$ 1,342,269$ 29,541$ 2% 82,269$ 7%
Annual Total 1,312,727$ 1,260,000$
Month
2014 vs. 2013 2014 vs. Budget
Franchise Fees Revenue
Year to Date through December
Page 4 of 38
Monthly Financial Report December 2014
Admission Tax
Admission Tax returns are due
quarterly in January, April, July,
and October of each year.
October 2014 collections
represent activities conducted
during the 3rd quarter of 2014.
The year‐to‐date collection of
$310k is $17k or 5% less than the
prior year but is $2k or 1% more
than the budget.
Licenses and Permits
Building Permits and
Development Service Fees
Building Permits and
Development Service Fee
revenues totalled $454k in
December. The year‐to‐date
development fees revenue of $4.5
million is $518k or 13% more than
the year before but is $252k or 5%
lower than budget. The lower
than expected fees are due to
adjusting the budget in the 2014
Year‐End Budget Amendment
ordinance. Prior to this
amendment, the budget was $3.7
million.
Business Licenses
Business Licenses totalled $4k for
December, which is $649 or 15%
below the same month last year
and is also $700 or 16% below 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 $516k is $12k
or 2% above the prior year but is
$18k or 3% lower than the
budget.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 82,440$ 75,206$ 80,243$ (2,196)$ ‐3% 5,038$ 7%
Feb ‐ 451 ‐ ‐ N/A (451) ‐100%
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 ‐ (76) ‐100% (37) ‐100%
Oct 85,616 77,019 76,631 (8,986) ‐10% (389) ‐1%
Nov 1,192 575 ‐ (1,192) ‐100% (575) ‐100%
Dec 149 672 ‐ (149) ‐100% (672) ‐100%
YTD Total 327,258$ 308,000$ 310,311$ (16,947)$ ‐5% 2,311$ 1%
Annual Total 327,258$ 308,000$
2014 vs. Budget
Admission Tax Revenue
Year to Date through December
Month
2014 vs. 2013
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 327,584$ 323,725$ 432,890$ 105,306$ 32% 109,166$ 34%
Feb 230,039 277,239 412,317 182,278 79% 135,078 49%
Mar 305,085 369,150 388,190 83,105 27% 19,039 5%
Apr 367,165 407,304 374,004 6,839 2% (33,300) ‐8%
May 386,735 413,862 349,590 (37,145) ‐10% (64,272) ‐16%
Jun 293,386 357,636 516,689 223,303 76% 159,052 44%
Jul 314,991 396,108 288,957 (26,033) ‐8% (107,150) ‐27%
Aug 340,270 451,841 300,184 (40,087) ‐12% (151,657) ‐34%
Sep 254,799 275,747 369,040 114,242 45% 93,294 34%
Oct 440,169 555,844 393,023 (47,146) ‐11% (162,821) ‐29%
Nov 393,258 435,982 239,983 (153,275) ‐39% (195,999) ‐45%
Dec 348,144 506,649 454,368 106,224 31% (52,282) ‐10%
YTD Total 4,001,625$ 4,771,087$ 4,519,234$ 517,609$ 13% (251,853)$ ‐5%
Annual Total 4,001,625$ 4,771,087$
Building Permits and Development Service Fees
Year to Date through December
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 109,998 117,828 108,777 (1,222) ‐1% (9,051) ‐8%
Nov 13,342 14,515 18,991 5,649 42% 4,476 31%
Dec 4,211 4,262 3,562 (649) ‐15% (700) ‐16%
YTD Total 503,766$ 533,067$ 515,555$ 11,789$ 2% (17,512)$ ‐3%
Annual Total 503,766$ 533,067$
2014 vs. 2013
Year to Date through December
2014 vs. Budget
Business Licenses
Month
Page 5 of 38
Monthly Financial Report December 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 81% of the total
revenues in this category.
The year‐to‐date total Intergovernmental revenue is $13.7 million or 104% of the budget.
State Shared Revenues
State Shared Revenue
collections totalled $5 million
since the start of the year.
Compared to the prior year,
State Shared Revenues are
above by $344k or 7%.
Compared to the projected
budget, the City is collecting
$530k or 12% 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 64%
of the total revenue in this category. The year‐to‐date total charges for services are $7.5 million or 96% of the budget. The
following sections provide detail information for Public Safety, Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totalled
$846k 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 $166k or 24% more.
Compared to the year‐to‐date
budget, the City is over budget by
$72k or 9%. The large April
variance is due to a private
security police provided for a
large one‐time private business
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 78,627 190,822 109,706 135% 112,195 143%
Nov 49,703 54,931 37,507 (12,196) ‐25% (17,423) ‐32%
Dec 53,287 76,290 65,704 12,417 23% (10,585) ‐14%
YTD Total 680,581$ 774,535$ 846,409$ 165,828$ 24% 71,874$ 9%
Annual Total 680,581$ 774,535$
Month
2014 vs. 2013
Year to Date through December
Public Safety Services
2014 vs. Budget
Intergovernmental 2013 2014 Bgt YTD Act Change 2014/2013 2014 Act vs Bgt
Fire District #25 1,183,558$ 1,200,000$ 1,242,038$ 58,480$ 5% $ 42,038 4%
Fire District #40 4,543,337 4,677,463 4,715,356 172,019 4% 37,893 1%
State Shared Revenue 4,701,889 4,515,500 5,045,728 343,839 7% 530,228 12%
Federal Grants 1,034,828 1,388,934 1,538,213 503,385 49% 149,279 11%
State Grants 63,711 134,324 41,174 (22,537) ‐35% (93,150) ‐69%
Other Grants/Intgovt 39,929 1,210,115 1,081,733 1,041,805 2609% (128,382) ‐11%
ARRA Grants 114,792 0 ‐ (114,792) 0%‐ 0%
Total Rev YTD 11,682,043$ 13,126,336$ 13,664,242$ 1,982,199$ 17%537,906$ 4%
Total Rev Annual 11,682,043$ 13,126,336$
YTD %100% 100% 104%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
2013 2014 2014
Actual Budget Actual $ % $ %
Crim Just Sales Tax 2,091,174$ 2,000,000$ 2,267,947$ 176,773$ 8% 267,947$ 13%
Judicial Contribution 22,796 22,500 22,669 (127) ‐1% 169 1%
Crim Just ‐ High Crime 229,636 ‐ 253,799 24,163 11% 253,799 100%
Crim Just ‐ Pop 22,656 ‐ 24,563 1,906 8% 24,563 100%
Crim Just ‐ Spec Prog 84,328 90,000 91,026 6,698 8% 1,026 1%
State DUI 17,116 18,000 17,201 86 1% (799) ‐4%
Liquor Profits 846,798 660,000 848,910 2,112 0% 188,910 29%
Liquor Excise Tax 63,108 440,000 179,526 116,419 184% (260,474) ‐59%
Fuel Tax 1,324,277 1,285,000 1,340,086 15,809 1% 55,086 4%
YTD Total 4,701,889$ 4,515,500$ 5,045,728$ 343,839$ 7% 530,228$ 12%
Annual Total 4,701,889$ 4,515,500$
Year to Date through December
State Shared Revenues
2014 vs. 2013
Revenue
2014 vs. Budget
Page 6 of 38
Monthly Financial Report December 2014
event in 2013. The large June variance is due to staff reimbursement for training provided to the Basic Law Enforcement
Academy. The large October variance is due to staff reimbursement for the Oso mudslide. The City has met the budget for
Public Safety Services.
Recreation
Recreation revenues totalled $29k
for the current month. Compared
to the same month the prior year,
the City collected $34k or 54%
less. Compared to the projected
monthly budget, the City
collected $34k or 54% less. The
year‐to‐date collection of $1.5
million is $9k or 1% lower than
the year before and is also $41k
or 3% lower than the year‐to‐date
budget.
Interfund Services
The year‐to‐date collections for
Interfund Services revenues are
$3.3 million. Compared to the
prior year, the revenues are under
by $194k or 6%. Compared to the
projected budget, the revenues
are below by $62k or 2%. 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 72,614 (11,072) ‐13% (14,003) ‐16%
Nov 65,656 67,145 36,383 (29,273) ‐45% (30,763) ‐46%
Dec 63,010 63,040 29,129 (33,881) ‐54% (33,911) ‐54%
YTD Total 1,494,580$ 1,525,863$ 1,485,123$ (9,457)$ ‐1% (40,740)$ ‐3%
Annual Total 1,494,580$ 1,525,863$
Recreation
Year to Date through December
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 352,421 277,733 256,662 (95,759) ‐27% (21,071) ‐8%
Nov 286,300 277,733 254,192 (32,109) ‐11% (23,541) ‐8%
Dec 164,190 277,733 263,607 99,417 61% (14,126) ‐5%
YTD Total 3,464,913$ 3,332,794$ 3,270,503$ (194,410)$ ‐6% (62,291)$ ‐2%
Annual Total 3,464,913$ 3,332,794$
2014 vs. Budget
Month
Interfund Services
Year to Date through December
2014 vs. 2013
Page 7 of 38
Monthly Financial Report December 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
$2.7 million. This is $84k or 3%
lower than a year ago and is also
$376k or 12% 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 $1.7 million. The budget shortfall is due to
temporary shutting down 4 intersection
cameras in construction areas and lower
activity (driver behaviour changes). The
cameras were turned back on in December.
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 191,919 249,230 239,990 48,072 25% (9,239) ‐4%
Nov 189,412 230,005 287,406 97,994 52% 57,402 25%
Dec 280,787 321,732 256,092 (24,696) ‐9% (65,641) ‐20%
YTD Total 2,766,663$ 3,058,500$ 2,682,948$ (83,715)$ ‐3% (375,552)$ ‐12%
Annual Total 2,766,663$ 3,058,500$
Month
2014 vs. Budget2014 vs. 2013
Year to Date through December
Fines and Penalties by Month
Year to Date through December
2013 2014 2014
Actual Budget Actual $ % $ %
Civil Penalties 9,824$ 15,500$ 5,633$ (4,191)$ ‐43% (9,867)$ ‐64%
Civil Infraction Penalties 628,202 604,500 509,829 (118,373) ‐19% (94,671) ‐16%
Civil Parking Infraction Penalties 190,997 190,000 171,557 (19,441) ‐10% (18,443) ‐10%
Photo Enforcement Program 1,629,524 1,950,000 1,719,971 90,448 6% (230,029) ‐12%
Criminal Traffic Misdemeanor Fines 101,458 102,000 82,953 (18,505) ‐18% (19,047) ‐19%
Criminal Non‐Traffic Fines 50,417 52,000 45,402 (5,015) ‐10% (6,598) ‐13%
Criminal Costs 129,724 122,500 119,665 (10,059) ‐8% (2,835) ‐2%
Non‐Court Fines, Forfeitures and Penalties 26,517 22,000 27,938 1,421 5% 5,938 27%
YTD Total 2,766,663$ 3,058,500$ 2,682,948$ (83,715)$ ‐3% (375,552)$ ‐12%
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 159,611 160,221 63,603 91,332 68,890
Nov 135,380 209,536 64,079 91,536 118,000
Dec 162,729 197,962 76,245 170,733 27,229
YTD Total 1,950,000$ 1,719,971$ 841,964$ 995,328$ 724,644$
Annual Total 1,950,000$ 841,964$
1Actuals of Revenues and Expenses
Photo Enforcement Program
Year to Date through December
Month
Revenues Expenses
Page 8 of 38
Monthly Financial Report December 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 74% of
the total revenue in this category.
The year‐to‐date total
miscellaneous is $2.3 million.
Compared to last year, the
revenues are above by $671k or
41%. Compared to the projected
year‐to‐date budget, the revenues
are over by $174k or 8%. 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 than the prior year and budget due to the interfund interest recorded from Surface
Water to Street Maintenance (prior year) and more than expected earned interest (budget).
Rents, leases and concessions are lower than budget due to over estimating the food concessions revenues at Coulon
Beach.
Other miscellaneous revenues are higher than the prior year and budget due to higher than expected utility late payment
penalties and Puget Sound Electricity (PSE) credits/corrections due to the LED light conversions done in the prior year.
Seizure funds are lower than the budget due to the lower of activity.
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 93,894 119,594 37,306 45% 25,700 27%
Nov 63,945 91,224 128,732 64,787 101% 37,508 41%
Dec 399,005 702,574 491,839 92,834 23% (210,735) ‐30%
YTD Total 1,628,017$ 2,124,557$ 2,298,586$ 670,570$ 41% 174,029$ 8%
Annual Total 1,628,017$ 2,124,557$
Year to Date through December
Month
2014 vs. Budget2014 vs. 2013
Miscellaneous Revenues by Month
201320142014
Actual Budget Actual $ % $ %
Interests and Other Earnings 423,609$ 770,300$ 981,630$ 558,021$ 132% 211,330$ 27%
Rents, Leases, and Concessions 734,530 756,464 711,070 (23,461) ‐3% (45,394) ‐6%
Contributions/Donations from Private Sources 84,320 96,100 113,626 29,306 35% 17,526 18%
Other 334,918 321,000 423,390 88,472 26% 102,390 32%
Seizure Funds ‐ Federal/State/Local 1 50,639 180,693 68,870 18,232 36% (111,823) ‐62%
YTD Total 1,628,017$ 2,124,557$ 2,298,586$ 670,570$ 41% 174,029$ 8%
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 December
Revenue
2014 vs. 2013
Page 9 of 38
Monthly Financial Report December 2014
EXPENSES
Overall the City has expended 98% of its budgeted general governmental expenditures at the end of December. This is $2.6
million or 2.3% below year‐to‐date budgeted expenditures. See below for summary of unfavorable items for general
governmental departments.
Administrative Services (Finance and City Clerk) is over the budget by $26k or 0.7% due to overspending on voter registration
costs. Typically these expenditures are paid the following year for the current year, but we were able to code 2014’s voter
registration in December 2014.
Other City Services (Non‐Departmental and Debt Service) is over the budget by $112k or 1.2% due to overspending on
retirement/termination payments (vacation balances).
While the some of the $2.6 million is savings, approximately $676k (amount/items will change based on review) will have to be
carried forward/added to 2015 for obligations/services not yet received or been billed and new items needed:
$276k for various Transportation System Maintenance operating projects
$400k contribution for the Sunset Lane Improvements project.
Page 10 of 38
Monthly Financial Report December 2014
CASH AND INVESTMENTS – 4TH
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 $128.2 million, of
this amount; $392k 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 the State
Investment Pool. The rest is
spread out between cash
deposits (US Bank), US Federal
Agency Securities, various
certificates of deposits, and
the interfund loan.
The existing portfolio yield is approximately .55%.
Current %
Blended
Allowed
per policy
Current Portfolio
(principal value)
12% N/A $ 15,714,669
0% 100%‐$
47% 75% 59,942,266$
27% 75% 34,100,755$
14% 75% 18,058,940$
0% 25%‐$
0% N/A 391,853$
TOTAL INVESTMENTS 100% 128,208,483$
*Excluding Cash the portfolio distribution is 53% LGIP; 16% CD's; 30% GSE's; 1% internal
Cash
US Treasury Securities
Local Government Investment Pool
US Federal Agency Securities
INTERFUND INVESTMENT
By Type
Certificates of Deposit
Commercial Paper
Cash
12%
LGIP
47%
GSE's
27%
CD's
14%
Distribution by Type
By Institution Current %
Blended
Allowed by
Policy
Current Portfolio
(principal value)Maturity Date APY
Weighted
Yield
Blended
Cash US Bank ‐ Cash 12%N/A 15,714,669 overnight 0.45% 0.06%
GOLF '15 GOLF '15 0.3%391,853 12/1/2015 2.25%0.01%
US Treasury Securities
none 0% 100%‐ N/A N/A N/A
Local Government Investment Pool
3920 State Investment Pool 47% 75%
59,942,266 10/1/2014 0.10%0.05%
US Federal Agency Securities *
314179A FHLB 1,996,920 8/11/2017 1.05%
0.02%
314179D FHLB 1,100,000 9/29/2017 1.18%
0.01%
314179F FHLB 2,400,000 10/16/2017 1.25%
0.02%
314179E FHLB 5,000,000 10/16/2017 1.49%
0.06%
314179G FHLB 5,009,485 10/17/2017 0.93%0.04%
314179H FHLMC 5,000,000 11/21/2017 1.05%0.04%
314179I FHLMC 5,000,000 10/30/2017 1.05%
0.04%
314189A FNMA 3,745,000 2/15/2018 1.30%
0.04%
314179C FNMA 4,849,350 11/28/2017 1.00%
0.04%
Certificates of Deposit
113154A First Savings Bank Northwest 5,000,000 2/4/2015 0.92%
0.04%
114174A First Savings Bank Northwest 5,000,000 10/29/2017 1.15%
0.04%
113164A First Savings Bank Northwest 5,000,000 2/4/2016 1.02%
0.04%
111167a Columbia Bank 2% 2,015,400 11/9/2016 0.99%
0.02%
214163A Commencement Bank (CDARS)1%1,043,540 9/15/2016 0.90%
0.01%
Commercial Paper
none 0.00%5%‐ N/A N/AN/A
128,208,483$
75%27%
Golf Interfund Loan
*Held in our safekeeping account at BNY Trust and Custody
TOTAL CASH & INVESTMENTS
20%
12%
Page 11 of 38
Monthly Financial Report December 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. The negative fund balance for the Golf Course
fund is due to receiving less than anticipated user fees. The City is currently working to address this issue for 2015 and on.
Airport Golf Course Solid Waste
Utility Water Utility Wastewater
Utility
Surface Water
Utility Metro
REVENUES:
Licenses and permits ‐ ‐ ‐ ‐ 77,185 48,025 ‐
Grants / intergovernmental 1,196,463 ‐ 117,144 ‐ 108,577 1,482,676 ‐
Charges for services 149,132 1,770,052 17,144,234 17,221,147 9,684,191 9,822,220 15,257,158
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 5,198 ‐ ‐ ‐ 2,590 ‐ ‐
Rents, leases, and misc fees 2,436,738 357,462 70,543 159,129 ‐ ‐ ‐
Interest and other misc 5,347 3,523 8,401 510,302 778,214 673,124 9,262
TOTAL REVENUES 3,792,878 2,131,037 17,340,322 17,890,578 10,650,757 12,026,045 15,266,420
EXPENSES:
Utility billing ‐ ‐ 125,788 105,702 90,780 146,552 ‐
Utility systems ‐ ‐ 16,742,929 4,886,304 3,009,066 3,509,013 ‐
Utility maintenance ‐ ‐ 270,882 4,863,962 1,282,994 2,377,526 14,553,672
Transportation 2,884,290 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 1,997,825 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 2,884,290 1,997,825 17,139,599 9,855,968 4,382,840 6,033,091 14,553,672
AMOUNT AVAILABLE FOR DEBT SERVICE 908,588 133,212 200,723 8,034,610 6,267,917 5,992,954 712,748
DEBT SERVICE:
Principal 101,646 383,239 ‐ 1,697,225 886,198 670,190 ‐
Interest 3,558 19,046 ‐ 639,756 323,497 803,816 ‐
TOTAL DEBT SERVICE 105,204 402,285 ‐ 2,336,981 1,209,695 1,474,006 ‐
CAPITAL PROJECTS 1,666,128 92,997 ‐ 2,132,485 2,987,306 3,829,846 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ (44,002) (10,194) (395,167) ‐
CHANGE IN FUND BALANCE (862,744) (362,070) 200,723 3,521,142 2,060,722 293,935 712,748
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, Dec 31 806,820 (42,909) 1,545,606 15,872,094 7,589,088 7,804,220 3,316,310
Page 12 of 38
Monthly Financial Report December 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 ‐ 151,763 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ ‐ ‐ ‐ ‐ ‐ 44,426
Charges for services
Equipment rental m&o 2,804,082 3,016,999 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 112,409 ‐ 403,724 ‐ ‐ ‐
Communications ‐ 4,681 ‐ 509,130 ‐ ‐ ‐
Facilities ‐ ‐ 4,255,599 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 140,409 ‐ ‐ ‐ ‐ ‐
IT service contracts ‐ 438,836 ‐ ‐ ‐ ‐ ‐
Interest and other misc 14,209 7,113 4,105 1,218 57,549 19,797 23,740
Internal service fund misc:
Vehicle / equipment capital recovery 1,521,529 135,001 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 1,626,031 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 1,676,456 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 11,853,675 1,707,516
Other misc 469 22,700 17,987 164 ‐ 408,773 ‐
Interfund Loan ‐ ‐ ‐ ‐ 523,170 ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 39,759 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries 26,400 ‐ ‐ ‐ 141,103 ‐ ‐
TOTAL REVENUES 4,406,448 4,029,911 4,277,691 914,236 4,024,309 12,282,245 1,775,682
EXPENSES:
Communications 513,960
Equipment rental 2,438,331
Facilities 3,836,826
Healthcare 12,541,045
Information technology 3,486,415
Print and mail 364,078
Retiree healthcare 1,271,522
Risk management:
Risk ma nagement 1,443,512
Unemployment 86,903
Worker's compensation 1,504,659
TOTAL EXPENSES 2,438,331 3,486,415 3,836,826 878,038 3,035,074 12,541,045 1,271,522
AMOUNT AVAILABLE FOR CAPITAL 1,968,117 543,496 440,865 36,198 989,235 (258,800) 504,160
CAPITAL PROJECTS 742,961 854,675 467,263 ‐ ‐ ‐ ‐
TRANSFERS IN 150,075 10,614 12,773 ‐ 3,600,000 ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ (150,000) ‐ ‐
CHANGE IN FUND BALANCE 1,375,231 (300,565) (13,625) 36,198 4,439,235 (258,800) 504,160
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, Dec 31 5,310,319 1,916,047 1,154,089 383,969 12,069,312 6,675,504 7,711,863
Page 13 of 38
Monthly Financial Report December 2014
FUND BALANCE
Page 15 shows the ending fund balance as of December 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 December, the City has $17.6 million reported in the combined general governmental fund balance of the current
year’s operating budget, which is approximately 15% of budgeted operating expenditures. This is an increase of $111k from the
year’s beginning balance. December’s ending fund balance is over the anticipated General Governmental Fund Balance of $13.7
million by $3.8 million or 28%. Although the ending fund balance is above projections, it is consistent with the prior years’
trends.
CONTACT INFORMATION
This report is prepared by the Finance Division of the Administrative Services Department. For additional financial information,
please also review our website: http://www.rentonwa.gov/. For any questions about the report, please feel free to contact us at
hnguyen@rentonwa.gov or JDThomas@Rentonwa.gov.
Page 14 of 38
Monthly Financial Report December 2014
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through December 31, 2014
Funds
Balance
01/01/2014
Budgeted
Revenue
Revenue
12/31/14
Total Funds
Available
Budgeted
Expenditure
Expenditure
12/31/14 Ending Balance
GENERAL GOVERNMENT FUNDS: 17,454,261 110,562,662 111,782,133 129,236,394 114,289,664 111,671,112 17,565,283
000 General 12,515,053 80,519,223 81,634,693 94,149,746 84,309,806 82,990,433 11,159,313
001 Community Services 2,124,598 11,706,752 11,247,203 13,371,801 11,693,059 10,904,098 2,467,703
003 Street 1,667,393 9,028,020 9,246,876 10,914,269 9,134,763 8,767,040 2,147,229
004 Community Dev Block Grant (229,834) 655,721 633,029 403,195 415,690 328,243 74,951
005 Museum 52,979 226,683 226,812 279,791 226,683 214,291 65,500
009 Farmers Market 98,826 60,400 73,612 172,438 83,322 67,488 104,950
011 Fire Health & Wellness 55,094 25,000 25,371 80,465 25,000 5,900 74,565
031 Park Memorial 478 ‐ ‐ 478 478 478 ‐
201 Ltd GO Bonds Gen Govt Debt 833,717 1,749,705 1,754,370 2,588,087 1,749,705 1,749,454 838,633
215 Gen Govt Misc Debt Service 335,957 6,591,158 6,940,167 7,276,124 6,651,158 6,643,686 632,438
SPECIAL REVENUE FUNDS: 1,978,198 1,831,745 1,805,402 3,783,600 2,739,079 2,683,219 1,100,381
102 Arterial Street 192,689 633,000 632,196 824,885 810,000 810,000 14,885
108 Leased City Properties 549,887 833,071 757,496 1,307,383 1,138,912 1,186,369 121,014
110 Hotel Motel 185,606 265,000 312,875 498,481 315,693 279,391 219,090
125 1% For Art 97,771 15,000 10,744 108,515 50,000 7,135 101,380
127 Cable Communication 284,632 85,674 89,982 374,614 85,674 61,524 313,090
135 Springbrook Wetlands Bank 667,613 ‐ 2,109 669,722 338,800 338,800 330,922
CAPITAL PROJECT FUNDS (CIP):29,503,154 28,217,672 21,788,881 51,292,035 52,733,895 23,312,070 27,979,965
303 Community Dev Mitigation 934,618 60,000 303,982 1,238,600 ‐ ‐ 1,238,600
304 Fi re Mitigation 646,165 50,000 280,323 926,488 ‐ ‐ 926,488
305 Transportation Mitigation 486,185 230,000 647,463 1,133,648 289,000 289,000 844,648
316 Municipal Facilities CIP 5,083,524 6,239,827 5,245,141 10,328,665 10,893,703 5,834,679 4,493,986
317 Transportation CIP 2,687,303 20,187,845 13,799,818 16,487,121 21,445,432 12,427,403 4,059,718
318 So Lake WA Infrastructure Proj 9,012 ‐ ‐ 9,012 9,012 9,013 (1)
326 Housing Opportunity 84,599 1,000,000 1,002,167 1,086,766 75,000 ‐ 1,086,766
336 New Library Development 19,571,748 450,000 509,987 20,081,735 20,021,748 4,751,975 15,329,760
ENTERPRISE FUNDS:31,326,773 99,699,614 79,148,036 110,474,809 107,118,868 73,583,578 36,891,231
4X2 Airport Operating & CIP 1,669,564 17,738,119 3,792,878 5,462,442 19,197,065 4,655,621 806,821
403 Solid Waste Utility 1,344,883 16,419,820 17,340,322 18,685,205 16,508,948 17,139,599 1,545,606
4X4 Golf Operating & CIP 319,161 2,537,449 2,181,036 2,500,197 2,715,919 2,543,108 (42,911)
4X5 Water Operating & CIP 12,350,952 18,150,149 17,890,578 30,241,530 19,224,942 14,369,435 15,872,095
4X6 Waste Water Operating & CIP 5,528,366 12,163,934 10,650,757 16,179,123 12,599,029 8,590,034 7,589,089
416 King County Metro 2,603,562 15,202,336 15,266,419 17,869,981 15,202,336 14,553,672 3,316,309
4X7 Surface Water Operating & CIP 7,510,285 17,487,807 12,026,046 19,536,331 21,670,629 11,732,109 7,804,222
INTERNAL SERVICE FUNDS:29,439,269 34,094,877 35,483,984 64,923,253 32,655,399 29,702,150 35,221,103
501 Equipment Repair/Replacement 3,935,088 4,380,718 4,556,523 8,491,611 4,669,709 3,181,292 5,310,319
502 Insurance 7,630,077 7,344,062 7,624,308 15,254,385 3,338,983 3,185,074 12,069,311
503 Information Services 2,216,612 4,010,222 4,040,526 6,257,138 5,358,145 4,341,090 1,916,048
504 Facilities 1,167,714 4,105,749 4,290,464 5,458,178 4,570,541 4,304,089 1,154,089
505 Communications 347,771 896,374 914,236 1,262,007 917,403 878,038 383,969
512 Insurance, Healthcare 6,934,304 11,622,068 12,282,245 19,216,549 12,062,456 12,541,045 6,675,504
522 Insurance, Leoff1 Retirees HC 7,207,703 1,735,684 1,775,682 8,983,385 1,738,162 1,271,522 7,711,863
FIDUCIARY FUNDS: 4,790,247 300,000 455,615 5,245,862 225,475 204,880 5,040,982
611 Firemen's Pension 4,790,247 300,000 455,615 5,245,862 225,475 204,880 5,040,982
TOTAL FUNDS 114,491,902 274,706,570 250,464,051 364,955,953 309,762,380 241,157,009 123,798,945
Page 15 of 38
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 94,198,592 88,095,548 6,103,044 23,557,305
November 106,024,345 95,713,308 10,311,038 27,765,299
December 111,782,133 111,671,112 111,021 17,565,282
(9,000,000)
(8,000,000)
(7,000,000)
(6,000,000)
(5,000,000)
(4,000,000)
(3,000,000)
(2,000,000)
(1,000,000)
‐
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
11,000,000
12,000,000
‐
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
90,000,000
100,000,000
110,000,000
120,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Change in Fund
Balance
Rev/Exp
Revenues
Expenditures
Change in Fund Balance
Page 16 of 38
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 6,063,457 5,710,991 ‐5.81%
Feb 12,273,585 12,530,792 2.10%
Mar 18,306,368 19,541,262 6.75%
Apr 35,492,197 32,250,423 ‐9.13%
May 49,652,438 50,233,421 1.17%
Jun 55,359,895 56,390,743 1.86%
Jul 62,416,959 62,847,141 0.69%
Aug 68,216,380 68,948,315 1.07%
Sep 73,916,297 75,770,901 2.51%
Oct 91,066,940 94,198,592 3.44%
Nov 103,507,788 106,024,345 2.43%
Dec 110,562,662 111,782,133 1.10%
Percent of budget 101.10%
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 30,840,418 3.66%
Nov 34,808,607 34,891,805 0.24%
Dec 35,240,495 35,295,390 0.16%
Percent of budget 100.16%
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
$120
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 17 of 38
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Sales Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,866,838 1,796,358 ‐3.78%
Feb 4,247,021 4,122,324 ‐2.94%
Mar 6,015,288 5,867,541 ‐2.46%
Apr 7,812,547 7,607,062 ‐2.63%
May 9,861,243 9,574,693 ‐2.91%
Jun 11,704,076 11,442,944 ‐2.23%
Jul 13,570,760 13,379,782 ‐1.41%
Aug 15,578,666 15,650,879 0.46%
Sep 17,484,725 17,719,960 1.35%
Oct 19,504,714 19,810,455 1.57%
Nov 21,539,901 21,994,933 2.11%
Dec 23,521,654 24,054,774 2.27%
Percent of budget 102.27%
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 13,710,762 1.28%
Nov 14,760,964 14,881,028 0.81%
Dec 16,259,850 16,376,127 0.72%
Percent of budget 100.72%
Note: Includes Natural Gas Use Tax.
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
Millions Sales Tax
Budget
Actual
Last Year
$‐
$2
$4
$6
$8
$10
$12
$14
$16
$18
Millions Utility Tax
Budget
Actual
Last Year
Page 18 of 38
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Licenses &
Permits Budget
YTD
Actual
Annual %
over (under)
Jan 329,136 404,067 22.77%
Feb 569,989 718,566 26.07%
Mar 824,039 929,709 12.82%
Apr 1,194,758 1,321,521 10.61%
May 1,483,338 1,615,047 8.88%
Jun 1,750,377 2,018,843 15.34%
Jul 2,113,282 2,340,772 10.76%
Aug 2,469,982 2,584,102 4.62%
Sep 2,676,811 2,866,227 7.08%
Oct 3,180,140 3,295,605 3.63%
Nov 3,491,494 3,526,439 1.00%
Dec 3,796,890 3,724,159 ‐1.92%
Percent of budget 98.08%
Note: Franchise Fees
Intergovt'l Budget
YTD
Actual
Annual %
over (under)
Jan 836,677 846,109 1.13%
Feb 1,625,059 1,714,034 5.48%
Mar 2,011,238 2,206,902 9.73%
Apr 3,038,460 3,273,493 7.74%
May 5,591,754 5,716,232 2.23%
Jun 6,405,456 6,361,338 ‐0.69%
Jul 7,295,226 6,946,598 ‐4.78%
Aug 8,091,173 7,552,833 ‐6.65%
Sep 8,566,185 8,299,399 ‐3.11%
Oct 9,674,764 9,271,938 ‐4.16%
Nov 12,282,317 12,963,671 5.55%
Dec 13,126,336 13,664,242 4.10%
Percent of budget 104.10%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
$10
$11
$12
$13
$14
$15
Millions
Intergovernmental
Budget
Actual
Last Year
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
Millions Licenses & Permits
Budget
Actual
Last Year
Page 19 of 38
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Charges for
Services Budget
YTD
Actual
Annual %
over (under)
Jan 502,440 669,010 33.15%
Feb 1,084,991 1,198,034 10.42%
Mar 1,681,194 1,831,413 8.94%
Apr 2,403,696 2,482,936 3.30%
May 3,063,079 3,017,160 ‐1.50%
Jun 3,696,650 3,730,690 0.92%
Jul 4,549,385 4,470,663 ‐1.73%
Aug 5,282,051 5,183,570 ‐1.86%
Sep 5,851,432 5,742,786 ‐1.86%
Oct 6,515,962 6,388,133 ‐1.96%
Nov 7,103,411 6,801,674 ‐4.25%
Dec 7,771,380 7,464,079 ‐3.95%
Percent of budget 96.05%
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 2,139,450 ‐14.65%
Nov 2,736,768 2,426,857 ‐11.32%
Dec 3,058,500 2,682,948 ‐12.28%
Percent of budget 87.72%
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
Millions Charges for Services
Budget
Actual
Last Year
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions Fines & Forfeits
Budget
Actual
Last Year
Page 20 of 38
City of Renton
Monthly Revenue Analysis ‐ 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 2,039,843 3,008,720 47.50%
May 2,401,309 3,359,954 39.92%
Jun 2,889,486 4,272,641 47.87%
Jul 3,587,180 5,082,426 41.68%
Aug 3,954,237 5,505,875 39.24%
Sep 4,277,220 6,085,885 42.29%
Oct 5,064,812 7,021,935 38.64%
Nov 5,362,343 6,683,935 24.65%
Dec 5,663,000 6,173,196 9.01%
Percent of budget 109.01%
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 1,678,015 26.09%
Nov 1,421,983 1,806,747 27.06%
Dec 2,124,557 2,298,586 8.19%
Percent of budget 108.19%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
Millions Miscellaneous
Budget
Actual
Last Year
$‐
$1
$2
$3
$4
$5
$6
$7
$8
Millions Other Taxes
Budget
Actual
Last Year
Page 21 of 38
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 ‐ 41,880 100.00%
Nov ‐ 47,257 100.00%
Dec ‐ 48,632 100.00%
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 22 of 38
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
REET Budget
YTD
Actual
Annual %
over (under)
Jan 129,840 162,143 24.88%
Feb 383,680 610,596 59.14%
Mar 604,520 838,225 38.66%
Apr 795,880 1,747,345 119.55%
May 1,072,720 2,010,091 87.38%
Jun 1,409,520 2,634,433 86.90%
Jul 1,664,920 2,984,646 79.27%
Aug 1,949,600 3,331,324 70.87%
Sep 2,195,800 3,596,857 63.81%
Oct 2,459,880 4,032,907 63.95%
Nov 2,791,520 4,256,583 52.48%
Dec 4,000,000 4,348,762 8.72%
Percent of budget 108.72%
Bldg Permits &
Devlpmt Svc
Fees Budget
YTD
Actual
Annual %
over (under)
Jan 323,725 432,890 33.72%
Feb 600,964 845,207 40.64%
Mar 970,114 1,233,397 27.14%
Apr 1,377,418 1,607,401 16.70%
May 1,791,280 1,956,991 9.25%
Jun 2,148,916 2,473,680 15.11%
Jul 2,545,024 2,762,637 8.55%
Aug 2,996,865 3,062,821 2.20%
Sep 3,272,612 3,431,861 4.87%
Oct 3,828,456 3,824,884 ‐0.09%
Nov 4,264,438 4,064,867 ‐4.68%
Dec 4,771,087 4,519,234 ‐5.28%
Percent of budget 94.72%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
Millions
Real Estate Excise Tax
Budget
Actual
Last Year
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50
Millions Building Permits and Development Service
Fees
Budget
Actual
Last Year
Page 23 of 38
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 8,072,327 8,047,088 ‐0.31%
Feb 17,512,372 15,890,655 ‐9.26%
Mar 25,557,404 23,627,952 ‐7.55%
Apr 34,558,605 32,119,009 ‐7.06%
May 43,968,580 44,853,913 2.01%
Jun 52,942,862 53,545,448 1.14%
Jul 61,792,721 62,026,823 0.38%
Aug 70,436,207 70,785,733 0.50%
Sep 78,911,330 78,798,286 ‐0.14%
Oct 87,958,437 88,095,548 0.16%
Nov 96,174,204 95,713,308 ‐0.48%
Dec 114,289,663 111,671,112 ‐2.29%
Percent of budget expended 97.71%
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 256,847 259,383 0.99%
Nov 282,568 283,891 0.47%
Dec 309,907 309,317 ‐0.19%
Percent of budget expended 99.81%
$‐
$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 24 of 38
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 1,082,383 ‐2.53%
Nov 1,222,415 1,190,964 ‐2.57%
Dec 1,359,996 1,338,738 ‐1.56%
Percent of budget expended 98.44%
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 1,509,944 1.85%
Nov 1,626,768 1,666,481 2.44%
Dec 1,863,395 1,829,254 ‐1.83%
Percent of budget expended 98.17%
$‐
$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 25 of 38
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 1,656,337 ‐4.05%
Nov 1,897,359 1,808,423 ‐4.69%
Dec 2,094,010 2,016,273 ‐3.71%
Percent of budget expended 96.29%
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 835,539 840,615 0.61%
Nov 918,100 924,619 0.71%
Dec 1,012,142 1,010,761 ‐0.14%
Percent of budget expended 99.86%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
$2.20
Millions Court Services
Budget
Actual
Last Year
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions
Community & Economic
Development Admin
Budget
Actual
Last Year
Page 26 of 38
City of Renton
Monthly Expenditure Analysis ‐ 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 2,210,589 ‐12.24%
Nov 2,776,952 2,419,251 ‐12.88%
Dec 3,040,435 2,659,078 ‐12.54%
Percent of budget expended 87.46%
Economic
Development Budget
YTD
Actual
Annual %
over (under)
Jan 88,953 36,443 ‐59.03%
Feb 135,901 80,671 ‐40.64%
Mar 187,329 136,650 ‐27.05%
Apr 242,851 186,131 ‐23.36%
May 293,773 230,384 ‐21.58%
Jun 350,648 286,843 ‐18.20%
Jul 410,469 353,794 ‐13.81%
Aug 475,554 410,729 ‐13.63%
Sep 533,685 465,775 ‐12.72%
Oct 590,910 520,262 ‐11.96%
Nov 654,424 577,062 ‐11.82%
Dec 722,780 654,007 ‐9.52%
Percent of budget expended 90.48%
$‐
$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
$0.80
Millions
Economic Development
Budget
Actual
Last Year
Page 27 of 38
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 1,698,142 ‐9.64%
Nov 2,062,499 1,876,321 ‐9.03%
Dec 2,261,206 2,095,706 ‐7.32%
Percent of budget expended 92.68%
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 1,946,971 1.00%
Nov 2,098,547 2,124,461 1.23%
Dec 2,644,758 2,644,827 0.00%
Percent of budget expended 100.00%
$‐
$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 28 of 38
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 973,200 850,302 ‐12.63%
Nov 1,046,567 912,188 ‐12.84%
Dec 1,125,927 1,152,246 2.34%
Percent of budget expended 102.34%
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 822,360 749,118 ‐8.91%
Nov 907,045 820,519 ‐9.54%
Dec 1,002,994 922,668 ‐8.01%
Percent of budget expended 91.99%
$‐
$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
$1.40
Millions City Clerk
Budget
Actual
Last Year
Page 29 of 38
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Police Budget
YTD
Actual
Annual %
over (under)
Jan 2,519,233 2,620,270 4.01%
Feb 5,030,214 4,935,606 ‐1.88%
Mar 7,520,478 7,538,512 0.24%
Apr 10,113,960 9,787,131 ‐3.23%
May 12,782,374 12,388,107 ‐3.08%
Jun 15,204,013 14,833,908 ‐2.43%
Jul 17,921,639 17,418,007 ‐2.81%
Aug 20,266,970 19,670,400 ‐2.94%
Sep 22,955,565 22,287,048 ‐2.91%
Oct 25,312,505 24,629,111 ‐2.70%
Nov 27,948,257 27,211,179 ‐2.64%
Dec 30,566,637 30,143,913 ‐1.38%
Percent of budget expended 98.62%
Fire &
Emergency
Services Budget
YTD
Actual
Annual %
over (under)
Jan 2,055,782 2,561,083 24.58%
Feb 4,880,629 4,745,812 ‐2.76%
Mar 6,900,966 6,727,201 ‐2.52%
Apr 8,916,362 8,701,872 ‐2.41%
May 11,103,522 10,587,000 ‐4.65%
Jun 13,103,287 12,576,090 ‐4.02%
Jul 15,109,225 14,602,905 ‐3.35%
Aug 17,147,280 17,031,941 ‐0.67%
Sep 19,167,066 19,047,501 ‐0.62%
Oct 21,215,155 21,014,198 ‐0.95%
Nov 23,292,134 22,967,966 ‐1.39%
Dec 25,392,334 25,240,760 ‐0.60%
Percent of budget expended 99.40%
$‐
$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 30 of 38
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 405,523 387,579 ‐4.42%
Nov 447,189 427,611 ‐4.38%
Dec 493,982 480,727 ‐2.68%
Percent of budget expended 97.32%
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 3,425,754 ‐4.16%
Nov 3,939,495 3,736,620 ‐5.15%
Dec 4,311,514 4,070,181 ‐5.60%
Percent of budget expended 94.40%
$‐
$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 31 of 38
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 636,195 579,547 ‐8.90%
Nov 702,081 652,989 ‐6.99%
Dec 880,373 722,739 ‐17.91%
Percent of budget expended 82.09%
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 4,069,963 ‐6.32%
Nov 4,701,254 4,413,265 ‐6.13%
Dec 5,111,272 4,823,195 ‐5.64%
Percent of budget expended 94.36%
$‐
$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 32 of 38
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 972,513 922,589 ‐5.13%
Nov 1,051,935 984,040 ‐6.45%
Dec 1,250,790 1,159,189 ‐7.32%
Percent of budget expended 92.68%
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 785,130 680,570 ‐13.32%
Nov 890,176 754,887 ‐15.20%
Dec 979,716 875,223 ‐10.67%
Percent of budget expended 89.33%
$‐
$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 33 of 38
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 189,000 177,396 ‐6.14%
Nov 208,138 195,746 ‐5.95%
Dec 226,683 214,291 ‐5.47%
Percent of budget expended 94.53%
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 385,541 323,823 ‐16.01%
Nov 420,605 355,520 ‐15.47%
Dec 456,340 389,493 ‐14.65%
Percent of budget expended 85.35%
$‐
$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 34 of 38
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 3,746,215 ‐1.09%
Nov 4,167,811 4,113,703 ‐1.30%
Dec 4,595,011 4,503,315 ‐2.00%
Percent of budget expended 98.00%
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 3,432,741 ‐5.59%
Nov 3,985,013 3,737,728 ‐6.21%
Dec 4,539,752 4,263,725 ‐6.08%
Percent of budget expended 93.92%
$‐
$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 35 of 38
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Debt Service Budget
YTD
Actual
Annual %
over (under)
Jan ‐ 51,520 100.00%
Feb 236,267 302,837 28.18%
Mar 236,267 303,355 28.39%
Apr 791,769 916,538 15.76%
May 798,545 917,058 14.84%
Jun 1,737,768 1,807,407 4.01%
Jul 1,752,705 2,068,927 18.04%
Aug 1,990,270 2,319,244 16.53%
Sep 1,990,389 2,319,244 16.52%
Oct 2,978,148 3,858,787 29.57%
Nov 2,978,148 3,858,787 29.57%
Dec 8,400,863 8,393,140 ‐0.09%
Percent of budget expended 99.91%
Non‐
Departmental
Other City Budget
YTD
Actual
Annual %
over (under)
Jan 637,937 298,065 ‐53.28%
Feb 1,442,470 467,210 ‐67.61%
Mar 1,808,303 633,063 ‐64.99%
Apr 2,288,022 1,028,664 ‐55.04%
May 3,587,151 6,350,814 77.04%
Jun 3,991,839 6,618,473 65.80%
Jul 4,392,064 6,782,586 54.43%
Aug 4,791,239 7,060,175 47.36%
Sep 5,238,135 7,262,067 38.64%
Oct 5,612,134 7,523,227 34.05%
Nov 5,948,723 7,699,087 29.42%
Dec 9,646,844 9,758,346 1.16%
Percent of budget expended 101.16%
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
$10.00
Millions Non‐Departmental Other City Services
Budget
Actual
Last Year
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
Millions Debt Service
Budget
Actual
Last Year
Page 36 of 38
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2014 Budget Year
Utilities Budget Revenue Expense
Jan 4,292,321 6,606,636 3,795,307
Feb 9,862,720 11,939,236 8,329,760
Mar 17,431,629 17,397,529 13,080,021
Apr 23,819,659 23,768,876 17,635,562
May 31,046,912 29,697,956 22,628,698
Jun 39,397,003 35,247,583 28,309,030
Jul 47,449,021 41,725,569 34,204,756
Aug 54,200,053 48,485,673 39,583,355
Sep 61,798,784 54,748,613 45,515,835
Oct 67,661,596 61,529,725 50,817,667
Nov 73,935,434 66,895,726 55,804,773
Dec 85,205,884 73,174,070 66,375,542
Percent of budget expended 74.70%
Note: Operations and Capital
Airport Budget Revenue Expense
Jan 215,199 292,698 108,595
Feb 442,108 639,757 472,632
Mar 895,351 1,015,941 1,226,930
Apr 1,102,679 1,499,014 1,410,992
May 2,180,979 1,720,026 1,746,960
Jun 3,457,391 2,031,905 1,929,278
Jul 5,655,647 2,302,052 2,441,832
Aug 11,654,154 2,647,308 2,642,994
Sep 12,289,961 2,941,667 3,272,831
Oct 18,023,356 3,174,847 3,540,047
Nov 18,322,638 3,413,659 3,975,089
Dec 19,197,065 3,792,878 4,655,621
Percent of budget expended 24.25%
Note: Operations and Capital
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
Millions Utilities
Budget
Revenue
Expense
$‐
$5.00
$10.00
$15.00
$20.00
$25.00
Millions Airport
Budget
Revenue
Expense
Page 37 of 38
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 2,040,088 1,860,039
Nov 2,077,100 2,105,393 1,999,904
Dec 2,715,919 2,181,036 2,543,108
Percent of budget expended 93.64%
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 38 of 38