HomeMy WebLinkAbout201401, January.pdfADMINISTRATIVE SERVICES
DEPARTMENT
M E M O R A N D U M
DATE: March 21, 2014
TO: Don Persson, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: January 2014 Financial Status Report
At the end of January, general governmental revenues show $55k or 1% under budget.
Revenues sources that are higher than expected are: utility taxes ($59k); real estate excise tax
($57k); building permits & development service fees ($129k); public safety services including
FD25 & FD40 contacts ($81k); and other miscellaneous ($80k). On the down side, the revenue
sources that are underperforming the year to date budget are: property tax ($216k below) and
franchise fees ($302k below).
General government expenditures showed an unfavorable variance of $554k or 7.4%. 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$ 10,751,945$ 10,751,945$ 17,454,261$ 6,702,316 62.3%
OPERATING REVENUES
Property Tax 33,466,364 149,112 32,485,690 154,945 35,240,495 114,344 (101,807) (216,151) ‐189.0%
Sales Tax 18,564,670 1,327,548 20,416,372 1,620,555 20,196,000 1,584,006 1,607,045 23,039 1.5%
Sales Tax ‐ Annexation Credit 2,208,492 165,474 2,418,789 191,830 2,236,262 177,354 189,313 11,959 6.7%
Criminal Justice Sa les Tax 1,924,470 145,992 2,091,174 166,533 2,000,000 159,272 175,648 16,376 10.3%
Natural Gas Use Tax 272,530 28,093 263,660 ‐ 300,000 30,925 27,591 (3,334) ‐10.8%
Admission Tax 311,054 73,420 327,258 82,440 308,000 77,589 80,243 2,655 3.4%
Franchise Fees 1,262,188 300,392 1,312,727 314,269 1,260,000 301,646 ‐ (301,646) ‐100.0%
Electricity Tax 5,211,111 493,043 5,155,789 493,666 5,409,000 517,911 564,525 46,615 9.0%
Natural Gas Utility Tax 1,669,967 233,174 1,550,900 200,623 1,500,520 194,106 247,355 53,249 27.4%
Transfer Station 330,607 17,157 397,596 26,817 300,000 20,235 24,516 4,282 21.2%
TV Cable 1,423,664 118,851 1,481,779 125,429 1,529,365 129,457 130,277 819 0.6%
Telephone 1,056,420 75,154 917,021 23,518 952,500 24,427 37,115 12,687 51.9%
Cellular Phone 2,183,853 221,778 2,050,312 125,795 2,077,000 127,433 20,557 (106,876) ‐83.9%
City Utilities 3,806,281 281,927 3,964,989 282,011 3,791,465 269,669 321,183 51,513 19.1%
Leasehold Excise Tax 158,849 ‐ 164,637 ‐ 145,000 ‐ ‐ ‐ 0.0%
Gambling Excise Tax 1,691,209 175,959 1,319,585 133,504 1,600,000 161,874 131,776 (30,098) ‐18.6%
Real Estate Excise Tax 2,811,902 77,631 4,131,665 134,099 2,900,000 94,433 162,143 67,710 71.7%
Less: CIP REET (943,792) (15,335) (700,000) (25,789) (550,000) (20,263) (30,753) (10,490) 51.8%
EMS Levy 885,781 ‐ 916,361 ‐ 900,000 ‐ ‐ ‐ 0.0%
Business License Fees 444,680 88,676 503,766 95,381 533,067 100,929 103,064 2,135 2.1%
Animal Licenses and Spec Events Permits 91,835 8,859 99,411 8,165 90,000 7,819 8,798 979 12.5%
Building Permits & Development Svc Fees 3,552,369 174,925 4,001,625 327,584 3,705,701 303,505 432,890 129,385 42.6%
Intergovt'l (Grants, State Shared, etc) 4,593,185 305,199 3,863,974 398,999 3,648,307 649,227 670,461 21,233 3.3%
Fire District 25 and 40 Contracts 6,155,621 11,673 5,726,895 ‐ 5,877,463 ‐ ‐ ‐ 0.0%
Public Safety 485,899 15,229 680,581 32,322 774,535 36,784 117,639 80,855 219.8%
Culture and Recreation 1,494,165 62,072 1,494,580 60,546 1,525,863 61,813 69,522 7,708 12.5%
Interfund/Interdept‐Services 3,311,715 237,384 3,464,913 265,873 3,121,003 260,084 301,808 41,725 16.0%
Fines and Penalties 1,046,246 25 1,137,140 2,605 1,108,500 2,162 75,041 72,880 3371.5%
Photo Enforcement 1,976,203 183,453 1,629,524 150,459 1,950,000 180,050 61,721 (118,329) ‐65.7%
Seizure Funds ‐ Federal/State/Local 37,941 ‐ 50,639 ‐ 180,693 ‐ ‐ ‐ 0.0%
Interests and Other Earnings 342,424 3,560 423,609 2,727 745,300 4,798 9,492 4,694 97.8%
Rents, Leases, and Concessions 822,428 146,205 734,530 149,192 775,464 157,506 151,689 (5,817) ‐3.7%
Contributions and Donations 124,082 27,820 84,320 200 87,000 206 5,625 5,419 2625.9%
Other Miscellaneous 564,571 34,684 684,187 47,872 516,630 36,988 116,513 79,525 215.0%
Other Financing Sources (Transfer‐In, etc) 5,118,188 ‐ 299,527 ‐ ‐ ‐ ‐ ‐ 0.0%
Total Operating Revenues 108,457,170 5,169,136 105,545,527 5,592,172 106,735,133 5,766,290 5,710,991 (55,298) ‐1.0%
OPERATING EXPENDITURES
Council 278,768 21,995 289,911 23,354 295,947 23,600 23,569 31 0.1%
Executive 1,377,109 75,851 1,240,910 78,944 1,349,262 79,778 76,257 3,521 4.4%
City Attorney 1,706,320 136,926 1,922,225 141,744 1,700,639 130,608 135,206 (4,598) ‐3.5%
Court Services 2,074,980 166,993 2,003,104 152,280 2,009,688 157,338 159,512 (2,174) ‐1.4%
Community and Eco Dvlpmnt Admin 942,071 79,562 1,047,860 85,287 1,008,700 83,562 83,232 330 0.4%
Development Services 3,103,568 239,412 3,243,702 272,362 2,698,044 217,541 216,780 761 0.3%
Economic Development 529,043 46,930 467,511 75,717 559,126 68,812 36,443 32,369 47.0%
Planning 1,482,233 121,734 1,510,707 112,247 2,217,824 173,384 123,910 49,474 28.5%
Finance 2,221,882 152,157 2,274,147 144,010 2,315,570 152,534 161,643 (9,109) ‐6.0%
City Clerk1 997,434 53,501 1,020,822 61,226 1,106,909 62,922 62,855 67 0.1%
Human Resources 937,412 69,265 904,182 64,230 996,150 72,210 63,751 8,459 11.7%
Police 25,004,580 1,904,823 24,946,784 2,204,160 25,384,645 2,088,132 2,307,080 (218,947) ‐10.5%
Jail Services 3,489,616 193 3,814,042 317,835 4,500,000 313,190 313,190 ‐ 0.0%
Fire 24,173,315 1,891,121 24,444,372 2,045,002 25,106,874 2,032,671 2,561,083 (528,412) ‐26.0%
Community Services Admin 434,558 39,072 452,146 37,025 477,630 40,991 36,113 4,878 11.9%
Parks 4,004,054 274,545 4,024,756 269,811 4,179,513 283,373 271,473 11,899 4.2%
Parks Planning & Natural Resources 577,934 36,047 829,250 42,639 685,661 38,340 43,855 (5,515) ‐14.4%
Recreation 4,982,229 304,539 4,846,970 305,989 5,063,974 314,542 278,944 35,599 11.3%
Human Services 1,193,871 58,787 1,162,330 45,984 1,160,116 51,586 47,594 3,991 7.7%
Neighborhoods, Resources, & Events 701,673 46,222 770,841 56,917 896,992 62,828 57,193 5,635 9.0%
Library 278,604 2,500 ‐ ‐ ‐ ‐ ‐ ‐ 0.0%
Museum 216,887 17,791 209,387 16,898 218,308 17,765 16,819 946 5.3%
Public Works Admin 470,051 39,864 426,312 39,971 492,345 43,851 31,793 12,058 27.5%
Street Maintenance 3,755,640 285,940 3,814,132 302,270 4,418,539 343,343 311,026 32,317 9.4%
Transportation 4,615,160 288,400 4,476,854 311,908 4,402,279 290,664 278,181 12,483 4.3%
Debt Service 9,752,337 ‐ 8,048,508 ‐ 8,340,863 51,520 51,520 ‐ 0.0%
Non‐Departmental and Other 4,637,555 313,245 5,475,340 355,512 3,486,844 298,065 298,065 ‐ 0.0%
Total Operating Expenditures 103,938,882 6,667,414 103,667,105 7,563,322 105,072,444 7,493,149 8,047,088 (553,939) ‐7.4%
Total Ending Fund Balance 15,575,840$ 9,559,274$ 17,454,262$ 13,604,690$ 12,414,634$ 9,025,086$ 15,118,164$ 6,093,079$ 67.5%
1Hearing Examiner is reported under City Clerk
Summary of Sources and Uses Annual Actual YTD Actual Favorable (Unfavorable)
2012 2013 2014 Variance
Annual Actual YTD Actual Annual Budget YTD Budget YTD Actual
Monthly Financial Report January 2014
Page 1 of 36
Monthly Financial Report January 2014
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through January 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 year. 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 60% of
all resources supporting general governmental activities. The following section provides detail information on property,
sales, utility, and other taxes.
Property Tax
January’s collection is ‐$102k. The
negative amount for January is due to
receivables not yet received by King
County. These receivables will be
recorded in February 2014’s collection.
Sales Tax
January 2014 sales tax receipts totalled
$1.6 million. Compared with the same
month last year, it is $14k or 1% less.
Compared to the projected current
month’s budget, it is $23k or 1% above.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 154,945$ 114,344$ (101,807)$ (256,752)$ ‐166% (216,151)$ ‐189%
Feb 25,020 151,051
Mar 917,901 892,251
Apr 9,887,324 10,199,645
May 5,780,361 6,793,218
Jun 88,480 89,353
Jul 100,047 237,649
Aug 58,101 26,827
Sep 548,071 490,283
Oct 10,140,892 9,354,405
Nov 4,341,474 6,471,185
Dec 443,072 420,284
YTD Total 154,945$ 114,344$ (101,807)$ (256,752)$ ‐166% (216,151)$ ‐189%
Annual Total 32,485,690$ 35,240,495$
Property Tax Revenues
Year to Date through January
2014 vs. 2013 2014 vs. Budget
Month
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 1,620,555$ 1,584,006$ 1,607,045$ (13,510)$ ‐1% 23,039$ 1%
Feb 1,962,886 2,070,691 ‐
Mar 1,536,397 1,513,515 ‐
Apr 1,509,953 1,494,099 ‐
May 1,732,058 1,756,571 ‐
Jun 1,552,807 1,567,149 ‐
Jul 1,647,860 1,593,776 ‐
Aug 1,833,347 1,743,115 ‐
Sep 1,741,262 1,661,365 ‐
Oct 1,790,411 1,744,668 ‐
Nov 1,802,768 1,773,533 ‐
Dec 1,686,069 1,693,513 ‐
YTD Total 1,620,555$ 1,584,006$ 1,607,045$ (13,510)$ ‐1% 23,039$ 1%
Annual Total 20,416,372$ 20,196,000$
2014 vs. Budget2014 vs. 2013
Month
Year to Date through January
Local Retail Sales Tax Revenues
Page 2 of 36
Monthly Financial Report January 2014
The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business
sectors:
Sales Tax by Sector 2013 2014 Bgt YTD Act Change 2014/2013 2014 Act vs Bgt
New Construction 250,801$ 227,552$ 205,115$ (45,686)$ ‐18%$ (22,436)‐10%
Auto Sales 283,093 294,426 324,113 41,020 14% 29,686 10%
General Retail 538,390 538,683 547,714 9,324 2% 9,032 2%
Manufacturing 94,295 59,734 36,724 (57,571) ‐61% (23,010)‐39%
Wholesale 90,636 89,109 93,260 2,625 3% 4,151 5%
Service 321,401 339,738 353,673 32,272 10% 13,935 4%
Other 41,939 34,764 46,445 4,506 11% 11,681 34%
YTD Total 1,620,555$ 1,584,006$ 1,607,045$ (13,510)$ ‐1%23,039$ 1%
Note: Excludes Annexation Credit and Criminal Justice Sales Tax revenue.
Utility tax
January utility tax revenues are $1.4
million, which is $95k or 7% higher than
the same month last year and is also
ahead of the budget by $59k or 4%. The
year‐to‐date collection is 9% of the total
budget
The table below breaks out Utility Tax by source.
Utility Tax by Type 2013 2014 Bgt YTD Act Change 2014/2013 2014 Act vs Bgt
Electrical 493,666$ 517,911$ 564,525$ 70,860$ 14%$ 46,615 9%
Natural Gas 200,623 225,031 274,946 74,323 37% 49,915 22%
Cell 125,795 127,433 20,557 (105,239) ‐84% (106,876)‐84%
Phone 23,518 24,427 37,115 13,597 58% 12,687 52%
Cable 125,429 129,457 130,277 4,848 4% 819 1%
Transfer Station 26,817 20,235 24,516 (2 ,301) ‐9% 4,282 21%
City Utilities 282,011 269,669 321,183 39,171 14% 51,513 19%
YTD Total 1,277,860$ 1,314,163$ 1,373,119$ 95,259$ 7%58,956$ 4%
Annual Total 15,782,047$ 15,859,850$
YTD as % of 8%8%
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 1,277,860$ 1,314,163$ 1,373,119$ 95,259$ 7% 58,956$ 4%
Feb 1,462,236 1,498,568
Mar 1,193,129 1,192,827
Apr 1,545,257 1,561,061
May 1,338,923 1,348,198
Jun 1,189,847 1,185,884
Jul 1,259,713 1,259,511
Aug 1,280,207 1,257,840
Sep 1,433,293 1,436,350
Oct 1,072,773 1,075,642
Nov 1,244,671 1,259,236
Dec 1,484,137 1,470,569
YTD Total 1,277,860$ 1,314,163$ 1,373,119$ 95,259$ 7% 58,956$ 4%
Annual Total 15,782,047$ 15,859,850$
2014 vs. Budget2014 vs. 2013
Year to Date through January
Utility Tax Revenues
Month
Page 3 of 36
Monthly Financial Report January 2014
Other Taxes
Real Estate Excise Tax
The City collected $162k in Real Estate
Excise Tax revenues (REET) for January.
This is $28k or 21% above the same
month last year and is also $57k or 55%
more than the current month’s budget.
The year‐to‐date collection is 6% of the
total budget.
Gambling Tax
January’s Gambling Tax collections
totalled $132k, which is $1.7k or 1%
below the same month last year and
is also $30k or 19% below the current
month’s budget. The year‐to‐date
collection is 8% of the total budget.
Pull tabs overall had a 3% increase,
bingo decreased by 33%, and card‐
rooms are seeing 6% lower 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 in the
amount of $323k or 26% of the
budget. This is $8.9k or 3% higher
than the prior year and is also $21k
or 7% above the projected
year‐to‐date budget.
2013 2014 2014
ActualBudgetActual $%$%
Jan 134,099$ 104,923$ 162,143$ 28,044$ 21% 57,220$ 55%
Feb 262,229 183,879
Mar 228,077 159,931
Apr 197,659 138,601
May 285,948 200,510
Jun 347,890 243,946
Jul 263,807 184,985
Aug 294,056 206,196
Sep 254,318 178,331
Oct 272,776 191,274
Nov 342,535 240,190
Dec 1,248,272 867,233
YTD Total 134,099$ 94,433$ 162,143$ 28,044$ 21% 57,220$ 72%
Annual Total 4,131,665$ 2,900,000$
Real Estate Excise Tax Revenues
Year to Date through January
Month
2014 vs. Budget2014 vs. 2013
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 133,504$ 161,874$ 131,776$ (1,728)$ ‐1% (30,098)$ ‐19%
Feb 73,730 89,398 ‐
Mar 111,294 134,944 ‐
Apr 159,655 193,583 ‐
May 97,660 118,413 ‐
Jun 60,074 72,840 ‐
Jul 89,157 108,103 ‐
Aug 99,930 121,165 ‐
Sep 116,204 140,897 ‐
Oct 112,141 135,971 ‐
Nov 114,909 139,328 ‐
Dec 151,327 183,485 ‐
YTD Total 133,504$ 161,874$ 131,776$ (1,728)$ ‐1% (30,098)$ ‐19%
Annual Total 1,319,585$ 1,600,000$
Year to Date through January
2014 vs. 2013 2014 vs. Budget
Gambling Tax Revenue
Month
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 314,269$ 301,646$ ‐$
Feb 200 192 ‐
Mar 892 857 ‐
Apr 311,986 299,455 ‐
Jul 315,694 303,014 ‐
Oct 321,202 308,300 ‐
Dec 48,484 46,536 ‐
YTD Total 314,269$ 301,646$ ‐$ ‐$ 0%‐$ 0%
Annual Total 1,312,727$ 1,260,000$
Month
2014 vs. 2013 2014 vs. Budget
Franchise Fees Revenue
Year to Date through January
Page 4 of 36
Monthly Financial Report January 2014
Admission Tax
Admission Tax returns are due
quarterly in January, April, July, and
October of each year. January 2014
collections represent activities
conducted during the 4th quarter of
2013. The year‐to‐date collection of
$80k is $2.2k or 3% less than the prior
year but is $2.7k or 3% more than the
budget.
Licenses and Permits
Building Permits and Development Service
Fees
Building Permits and Development Service
Fee revenues totalled $433k in January.
The year‐to‐date development fees
revenue is $105k or 32% more than the
year before and is also $129k or 43% higher
than budget. The higher than expected
fees are due to collecting more in general
building permits, electrical permits, and
plan check fees.
Business Licenses
Business Licenses totalled $103k for January,
which is $7.6k or 8% above the same month
last year and is also $2.1k or 2% above the
current month’s budget. The year‐to‐date
Business Licenses revenue is 19% of the total
budget.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 327,584$ 303,505$ 432,890$ 105,306$ 32% 129,385$ 43%
Feb 230,039 213,942
Mar 305,085 281,349
Apr 367,165 339,410
May 386,735 357,180
Jun 293,386 272,583
Jul 314,991 292,772
Aug 340,270 315,861
Sep 254,799 235,649
Oct 440,169 409,078
Nov 393,258 364,630
Dec 348,144 319,740
YTD Total 327,584$ 303,505$ 432,890$ 105,306$ 32% 129,385$ 43%
Annual Total 4,001,625$ 3,705,701$
Building Permits and Development Service Fees
Year to Date through January
2014 vs. Budget2014 vs. 2013
Month
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 95,381$ 100,929$ 103,064$ 7,683$ 8% 2,135$ 2%
Feb 40,658 43,023 ‐
Mar 12,441 13,165 ‐
Apr 102,648 108,618 ‐
May 33,354 35,295 ‐
Jun 5,701 6,032 ‐
Jul 52,586 55,644 ‐
Aug 29,210 30,909 ‐
Sep 4,236 4,482 ‐
Oct 109,998 116,396 ‐
Nov 13,342 14,118 ‐
Dec 4,211 4,456 ‐
YTD Total 95,381$ 100,929$ 103,064$ 7,683$ 8% 2,135$ 2%
Annual Total 503,766$ 533,067$
2014 vs. 2013
Ye ar to Date through January
2014 vs. Budget
Business Licenses
Month
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 82,440$ 77,589$ 80,243$ (2,196)$ ‐3% 2,655$ 3%
Apr 70,311 66,173 ‐
Jul 87,473 82,326 ‐
Aug 76 72 ‐
Oct 85,616 80,578 ‐
Nov 1,192 1,122 ‐
Dec 149 140 ‐
YTD Total 82,440$ 77,589$ 80,243$ (2,196)$ ‐3% 2,655$ 3%
Annual Total 327,258$ 308,000$
Month
2014 vs. 2013 2014 vs. Budget
Admission Tax Revenue
Year to Date through January
Page 5 of 36
Monthly Financial Report January 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 52% of the total
revenues in this category. The year‐to‐date total Intergovernmental revenue is $846k or 7% of the budget.
State Shared Revenues
State Shared Revenue collections
totalled $441k since the start of
the year. Compared to the prior
year, State Shared Revenues are
above by $90k or 26%. Compared
to the projected budget, the City is
collecting $38k or 9% more. The
higher than expected collection is
due to collecting more than
anticipated Criminal Justice Sales
Tax and the low budget of
Criminal Justice’s High Crime.
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 56% of the total revenue in this category. The year‐to‐date total charges for services are $669k or 10% of the
budget. The following sections provide detail information for Public Safety, Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totalled $118k 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 $85k or 264% more. Compared to
the year‐to‐date budget, the City is $81k or
220% more. The reason for the large
favourable variance with the prior year and
budget is due to the timing of when Valley
Narcotics Enforcement Team (VNET)
contributions are receipted.
2013 2014 2014
Actual Budget Actual $ % $ %
Crim Just Sales Tax 166,533$ 159,272$ 175,648$ 9,115$ 5% 16,376$ 10%
Judicial Contribution ‐ ‐ ‐ ‐ N/A ‐ N/A
Crim Just ‐ High Crime 51,491 ‐ 63,559 12,068 23% 63,559 100%
Crim Just ‐ Pop 5,399 ‐ 5,947 547 10% 5,947 100%
Crim Just ‐ Spec Prog 20,228 21,589 22,008 1,780 9% 420 2%
State DUI 4,258 4,478 4,433 176 4% (44) ‐1%
Liquor Profits ‐ ‐ ‐ ‐ N/A ‐ N/A
Liquor Excise Tax ‐ 118,266 63,322 63,322 100% (54,945) ‐46%
Fuel Tax 103,296 100,232 106,529 3,233 3% 6,297 6%
YTD Total 351,205$ 403,837$ 441,447$ 90,241$ 26% 37,609$ 9%
Annual Total 4,701,889$ 4,515,500$
Year to Date through January
State Shared Revenues
2014 vs. 2013
Revenue
2014 vs. Budget
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 32,322$ 36,784$ 117,639$ 85,317$ 264% 80,855$ 220%
Feb 117,056 133,216 ‐
Mar 37,079 42,198 ‐
Apr 64,009 72,845 ‐
May 47,985 54,610 ‐
Jun 36,945 42,045 ‐
Jul 69,340 78,913 ‐
Aug 42,753 48,655 ‐
Sep 48,986 55,748 ‐
Oct 81,116 92,314 ‐
Nov 49,703 56,565 ‐
Dec 53,287 60,643 ‐
YTD Total 32,322$ 36,784$ 117,639$ 85,317$ 264% 80,855$ 220%
Annual Total 680,581$ 774,535$
Month
2014 vs . 2013
Year to Date through January
Public Safety Services
2014 vs. Budget
Intergovernmental 2013 2014 Bgt YTD Act Change 2014/2013 2014 Act vs Bgt
Fire District #25 ‐$ ‐$ ‐$ ‐$ N/A $ ‐ N/A
Fire District #40 ‐ ‐ ‐ ‐ N/A ‐ N/A
State Shared Revenue 351,205 403,837 441,447 90,241 26% 37,609 9%
Federal Grants 89,076 357,891 357,891 268,815 302%‐ 0%
State Grants ‐ 0 ‐ ‐ N/A ‐ 0%
Other Grants/Intgovt 11,079 46,771 46,771 35,692 322%‐ 0%
ARRA Grants 114,171 0 ‐ (114,171) 0%‐ 0%
Total Rev YTD 565,532$ 808,500$ 846,109$ 280,577$ 50%37,609$ 5%
Total Rev Annual 11,682,043$ 11,525,770$
YTD % 5%7%7%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
Page 6 of 36
Monthly Financial Report January 2014
Recreation
Recreation revenues totalled $70k for the
current month. Compared to the same month
the prior year, the City collected $9k or 15%
more. Compared to the projected monthly
budget, the City collected $8k or 12% more.
Interfund Services
The year‐to‐date collections for Interfund
Services revenues are $302k. Compared to the
prior year, the revenues are over by $36k or
14%. Compared to the projected budget, the
revenues are above by $42k or 16%. 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.
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 on the next page breaks down these
fines by type. The year‐to‐date total fines
and penalties is $137k. This is $16k or 11%
lower than a year ago and is also $45k or
25% below the budget.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 60,546$ 61,813$ 69,522$ 8,976$ 15% 7,708$ 12%
Feb 51,160 52,231 ‐
Mar 79,491 81,155 ‐
Apr 170,541 174,110 ‐
May 95,710 97,713 ‐
Jun 150,284 153,430 ‐
Jul 345,126 352,350 ‐
Aug 205,821 210,129 ‐
Sep 123,550 126,136 ‐
Oct 83,685 85,437 ‐
Nov 65,656 67,030 ‐
Dec 63,010 64,329 ‐
YTD Total 60,546$ 61,813$ 69,522$ 8,976$ 15% 7,708$ 12%
Annual Total 1,494,580$ 1,525,863$
Recreation
Year to Date through January
2014 vs. Budget2014 vs. 2013
Month
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 265,873$ 260,084$ 301,808$ 35,935$ 14% 41,725$ 16%
Feb 292,362 260,084 ‐
Mar 317,998 260,084 ‐
Apr 288,610 260,084 ‐
May 299,652 260,084 ‐
Jun 287,569 260,084 ‐
Jul 282,466 260,084 ‐
Aug 352,945 260,084 ‐
Sep 274,525 260,084 ‐
Oct 352,421 260,084 ‐
Nov 286,300 260,084 ‐
Dec 164,190 260,084 ‐
YTD Total 265,873$ 260,084$ 301,808$ 35,935$ 14% 41,725$ 16%
Annual Total 3,464,913$ 3,121,003$
2014 vs. Budget
Month
Interfund Services
Year to Date through January
2014 vs. 2013
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 153,064$ 182,211$ 136,762$ (16,302)$ ‐11% (45,449)$ ‐25%
Feb 247,166 276,291
Mar 275,222 299,857
Apr 318,235 358,653
May 278,783 312,127
Jun 269,334 298,626
Jul 236,571 264,585
Aug 171,565 185,555
Sep 154,604 164,171
Oct 191,919 209,869
Nov 189,412 205,702
Dec 280,787 300,853
YTD Total 153,064$ 182,211$ 136,762$ (16,302)$ ‐11% (45,449)$ ‐25%
Annual Total 2,766,663$ 3,058,500$
Month
2014 vs. Budget2014 vs. 2013
Year to Date through January
Fines and Penalties by Month
Page 7 of 36
Monthly Financial Report January 2014
Year to Date through January
2013 2014 2014
Actual Budget Actual $ % $ %
Civil Penalties ‐$ ‐$ 578$ 578$ 100% 578$ 100%
Civil Infraction Penalties ‐ ‐ 39,121 39,121 100% 39,121 100%
Civil Parking Infraction Penalties ‐ ‐ 15,701 15,701 100% 15,701 100%
Photo Enforcement Program 150,459 180,050 61,721 (88,738) ‐59% (118,329) ‐66%
Criminal Traffic Misdemeanor Fines ‐ ‐ 7,422 7,422 100% 7,422 100%
Criminal Non‐Traffic Fines ‐ ‐ 3,049 3,049 100% 3,049 100%
Criminal Costs ‐ ‐ 8,006 8,006 100% 8,006 100%
Non‐Court Fines, Forfeitures and Penalties 2,605 2,162 1,165 (1,441) ‐55% (997) ‐46%
YTD Total 153,064$ 182,211$ 136,762$ (16,302)$ ‐11% (45,449)$ ‐25%
Annual Total 2,766,663$ 3,058,500$
2014 vs. 2013
Revenue
2014 vs. Budget
Fines and Penalties by Type
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 $62k. The budget shortfall is due to temporary
shutting down cameras in construction areas 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.
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 66% of the total
revenue in this category. The year‐to‐date
total miscellaneous is $244k. Compared to
last year, the revenues are above by $64k or
36%. Compared to the projected year‐to‐date
budget, the revenues are over by $63k or
35%. The table on the following page breaks
out miscellaneous revenues by type.
Favorable
Budget Actual Budget Actual (Unfavorable)
1
Jan 180,050$ 61,721$ 72,528$ 30,160$ 31,561$
Feb 189,893 ‐ 72,160 ‐ ‐
Mar 183,042 ‐ 72,241 ‐ ‐
Apr 260,782 ‐ 72,245 ‐ ‐
May 216,619 ‐ 72,454 ‐ ‐
Jun 193,536 ‐ 67,845 ‐ ‐
Jul 181,664 ‐ 67,697 ‐ ‐
Aug 96,848 ‐ 67,634 ‐ ‐
Sep 70,216 ‐ 67,135 ‐ ‐
Oct 120,576 ‐ 61,374 ‐ ‐
Nov 112,907 ‐ 61,633 ‐ ‐
Dec 143,868 ‐ 87,018 ‐ ‐
YTD Total 180,050$ 61,721$ 72,528$ 30,160$ 31,561$
Annual Total 1,950,000$ 841,964$
1 Actuals of Revenues and Expenses
Expenses
Photo Enforcement Program
Year to Date through January
Month
Revenues
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 179,743$ 180,621$ 243,963$ 64,220$ 36% 63,342$ 35%
Feb 76,397 58,130
Mar 147,909 168,170
Apr 92,872 95,841
May 118,719 188,682
Jun 123,441 138,888
Jul 128,246 128,392
Aug 122,652 113,119
Sep 92,799 90,187
Oct 82,288 78,167
Nov 63,945 78,962
Dec 399,005 660,298
YTD Total 179,743$ 180,621$ 243,963$ 64,220$ 36% 63,342$ 35%
Annual Total 1,628,017$ 1,979,457$
Year to Date through January
Month
2014 vs. Budget2014 vs. 2013
Miscellaneous Revenues by Month
Page 8 of 36
Monthly Financial Report January 2014
2013 2014 2014
Actual Budget Actual $ % $ %
Interests and Other Earnings 2,727$ 4,798$ 9,492$ 6,765$ 248% 4,694$ 98%
Rents, Leases, and Concessions 149,192 157,506 151,689 2,497 2% (5,817) ‐4%
Contributions/Donations from Private Sources 200 206 5,625 5,425 2713% 5,419 2626%
Other 27,624 18,111 77,157 49,533 179% 59,046 326%
Seizure Funds ‐ Federal/State/Local 1 ‐ ‐ ‐ ‐ N/A ‐ N/A
YTD Total 179,743$ 180,621$ 243,963$ 64,220$ 36% 63,342$ 35%
Annual Total 1,628,017$ 1,979,457$
1Seizure Funds are categorized in Miscellaneous for 2013 and on.
2014 vs. Budget
Miscellaneous Revenues by Type
Year to Date through January
Revenue
2014 vs. 2013
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.
EXPENSES
Overall the City has expended 8% of its budgeted general governmental expenditures at the end of January. This is $554k
or 7.4% above year‐to‐date budgeted expenditures. See below for summary of unfavorable items for general governmental
departments.
City Attorney department is over the year‐to‐date budget by $4.6k or 3.5%. This is due to an interfund transfer
contribution ($160k) done in the prior year that would skew the year‐to‐date budget. Overall City Attorney budget will
correct itself later on in the year.
Court Services department is over the year‐to‐date budget by $2.2k or 1.4%. This is mainly due to overspending on the
year‐to‐date salaries and benefits budget, which should correct itself later on in the year. We will monitor these items to
determine if a budget adjustment is needed.
Administrative Services department is over the year‐to‐date by $9k or 4.2%. This is mainly due to the timing of payments
related to Springbrook merchant account fees compared to the prior year. We will monitor this item to determine if a
budget adjustment is needed.
Police department is over the year‐to‐date by $219k or 10.5%. This is due to overspending on salaries and benefits ($126k)
and intergovernmental ($146k) and under spending on supplies/services ($73k). We will monitor these items to determine
if a budget adjustment is needed.
Fire and Emergency Services department is over the year‐to‐date by $528k or 26%. This is due to processing the annual Fire
holiday buy‐back a month earlier than in previous years. Fire salaries budget will correct itself after February.
Page 9 of 36
Monthly Financial Report January 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 ‐ ‐ ‐ ‐ 6,660 5,400 ‐
Grants / intergovernmental 59,293 ‐ ‐ ‐ ‐ 359,247 ‐
Charges for services 11,057 64,073 1,691,163 1,237,068 807,371 945,177 1,338,176
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 1,699 ‐ ‐ ‐ 2 ‐ ‐
Rents, leases, and misc fees 220,173 14,814 ‐ 11,459 ‐ ‐ ‐
Interest and other misc 477 148 496 17,002 119,627 67,212 578
TOTAL REVENUES 292,699 79,035 1,691,659 1,265,529 933,660 1,377,036 1,338,754
EXPENSES:
Utility billing ‐ ‐ 10,169 8,227 7,363 11,918 ‐
Utility systems ‐ ‐ 595,808 606,202 227,806 209,331 ‐
Utility maintenance ‐ ‐ 19,230 297,483 97,295 175,135 1,217,937
Transportation 111,098 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 121,133 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 111,098 121,133 625,207 911,912 332,464 396,384 1,217,937
AMOUNT AVAILABLE FOR DEBT SERVICE 181,601 (42,098) 1,066,452 353,617 601,196 980,652 120,817
DEBT SERVICE:
Principal ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest ‐ ‐ ‐ ‐ ‐ ‐ ‐
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ ‐ ‐
CAPITAL PROJECTS (2,502) 3,654 ‐ 8,434 60,600 242,370 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 184,103 (45,752) 1,066,452 345,183 540,596 738,282 120,817
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, Jan 31 1,853,667 273,409 2,411,335 12,696,135 6,068,962 8,248,567 2,724,379
Page 10 of 36
Monthly Financial Report January 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 ‐ 12,859 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ ‐ ‐ ‐ ‐ ‐ ‐
Charges for services
Equipment rental m&o 230,811 251,390 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 9,372 ‐ 33,640 ‐ ‐ ‐
Communications ‐ 1,545 ‐ 49,307 ‐ ‐ ‐
Facilities ‐ ‐ 354,636 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 11,709 ‐ ‐ ‐ ‐ ‐
IT service co ntracts ‐ 36,522 ‐ ‐ ‐ ‐ ‐
Interest and other misc 894 497 287 84 1,685 1,439 1,600
Internal service fund misc:
Vehicle / equipment capital recovery 126,795 11,240 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 135,923 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 126,738 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 942,678 142,285
Other misc ‐ 2 ‐ ‐ ‐ 23,689 ‐
Interfund Loan ‐ ‐ ‐ ‐ ‐ ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets ‐ ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 32,104 ‐ ‐
TOTAL REVENUES 358,500 335,136 354,923 83,031 296,450 967,806 143,885
EXPENSES:
Communications 40,677
Equipment rental 143,890
Facilities 234,499
Healthcare 1,348,226
Information technology 341,738
Print and mail 12,409
Retiree healthcare 81,274
Risk management
Risk ma nagement 868,337
Unemployment 17,009
Worker's compensation 153,396
TOTAL EXPENSES 143,890 341,738 234,499 53,086 1,038,742 1,348,226 81,274
AMOUNT AVAILABLE FOR CAPITAL 214,610 (6,602) 120,424 29,945 (742,292) (380,420) 62,611
CAPITAL PROJECTS 90,793 9,316 7,629 ‐ ‐ ‐ ‐
TRANSFERS IN ‐ ‐ ‐ ‐ ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 123,817 (15,918) 112,795 29,945 (742,292) (380,420) 62,611
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, Jan 31 4,058,905 2,200,694 1,280,509 377,716 6,887,785 6,553,884 7,270,314
Page 11 of 36
Monthly Financial Report January 2014
FUND BALANCE
Page 13 shows the ending fund balance as of January 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 January, the City has $15.1 million reported in the combined general governmental fund balance of the
current year’s operating budget, which is approximately 14% of budgeted operating expenditures. This is a decrease of
$2.3 million from the year’s beginning balance. January’s ending fund balance is over the anticipated General
Governmental Fund Balance of $9 million by $6.1 million or 67.5%. Although the ending fund balance is above projections,
it is consistent with the prior years’ trends since the City will receipt the first half of 2014 property taxes in April/May and
second half in October/November.
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 12 of 36
Monthly Financial Report January 2014
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through January 31, 2014
Funds
Balance
01/01/2014
Budgeted
Revenue
Revenue
01/31/14
Total Funds
Available
Budgeted
Expenditure
Expenditure
01/31/14
Ending
Balance
GENERAL GOVERNMENT FUNDS:17,454,261 106,735,133 5,710,991 23,165,252 105,072,444 8,047,088 15,118,164
000 General 12,515,053 77,980,004 3,932,396 16,447,449 76,066,698 6,681,492 9,765,957
001 Community Services 2,124,598 11,288,725 790,663 2,915,261 11,224,073 682,365 2,232,897
003 Street 1,667,393 8,532,875 498,684 2,166,077 8,820,818 589,207 1,576,869
004 Community Dev Block Grant (229,834) 296,985 308,757 78,923 296,985 17,801 61,122
005 Museum 52,979 211,281 12 52,991 218,308 16,819 36,171
009 Farmers Market 98,826 59,400 22 98,848 79,699 4,734 94,114
011 Fire Health & Wellness 55,094 25,000 2,037 57,131 25,000 2,671 54,460
031 Park Memorial 478 ‐ ‐ 478 ‐ 478 (0)
201 Ltd GO Bonds Gen Govt Debt 833,717 1,749,705 185 833,902 1,749,705 ‐ 833,902
215 Gen Govt Misc Debt Service 335,957 6,591,158 178,235 514,192 6,591,158 51,520 462,672
SPECIAL REVENUE FUNDS:
102 Arterial Street 192,689 633,000 50,174 242,863 640,000 ‐ 242,863
108 Leased City Properties 549,887 813,071 20,425 570,312 768,355 10,497 559,815
110 Hotel Motel 185,606 265,000 16,444 202,050 265,000 1,671 200,379
125 1% For Art 97,771 15,000 22 97,793 50,000 ‐ 97,793
127 Cable Communication 284,632 85,674 63 284,695 85,674 137 284,558
135 Springbrook Wetlands Bank 667,613 ‐ 148 667,761 ‐ ‐ 667,761
CAPITAL PROJECT FUNDS (CIP):
303 Community Dev Mitigation 934,618 60,000 7,107 941,725 ‐ ‐ 941,725
304 Fire Mitigation 646,165 50,000 8,291 654,456 ‐ ‐ 654,456
305 Transportation Mitigation 486,185 40,000 13,028 499,213 105,000 ‐ 499,213
316 Municipal Facilities CIP 5,083,524 1,380,000 158,645 5,242,169 1,380,000 615,593 4,626,576
317 Transportation CIP 2,687,303 6,345,230 444,029 3,131,332 6,344,820 71,545 3,059,787
318 So Lake WA Infrastructure Proj 9,012 ‐ 2 9,014 ‐ ‐ 9,014
326 Housing Opportunity 84,599 ‐ 19 84,618 ‐ ‐ 84,618
336 New Library Development 19,571,748 ‐ 4,397 19,576,145 ‐ 772 19,575,373
ENTERPRISE FUNDS:
402 Airport 191,466 1,431,610 232,995 424,461 1,460,825 102,429 322,032
403 Solid Waste Utility 1,344,883 16,419,820 1,691,659 3,036,542 16,503,624 625,207 2,411,335
404 Golf Course 33,445 2,487,449 78,972 112,417 2,511,090 125,296 (12,879)
422 Airport Capital 1,478,098 1,757,517 59,703 1,537,801 1,754,739 6,166 1,531,635
424 Golf Course Capital 285,716 50,000 4,226 289,942 50,000 3,654 286,288
INTERNAL SERVICE FUNDS:
501 Equipment R epair/Replacement 3,935,088 4,347,461 358,501 4,293,589 3,604,564 234,682 4,058,907
502 Insurance 7,630,077 4,344,062 296,449 7,926,526 3,185,695 1,038,742 6,887,784
503 Information Services 2,216,612 4,010,222 335,135 2,551,747 3,985,711 351,055 2,200,692
504 Facilities 1,167,714 4,092,976 354,923 1,522,637 4,087,028 242,128 1,280,509
505 Communications 347,771 896,374 83,031 430,802 909,987 53,086 377,716
512 Insurance, Healthcare 6,934,304 11,622,068 967,806 7,902,110 12,059,944 1,348,226 6,553,884
522 Insurance, Le off1 Retirees HC 7,207,703 1,735,684 143,885 7,351,588 1,737,885 81,274 7,270,314
FIDUCIARY FUNDS:
611 Firemen's Pension 4,790,247 300,000 589 4,790,836 225,475 16,019 4,774,817
Funds
Balance
01/01/2014
Budgeted
Revenue
Revenue
01/31/14
Total Funds
Available
Budgeted
Expenditure
Expenditure
01/31/14
Ending
Balance
ENTERPRISE FUNDS: COMBINED UTILITIES 27,993,165 56,834,449 4,914,980 32,908,145 54,106,043 3,170,102 29,738,043
405 Water Utility 8,523,106 13,765,149 1,261,846 9,784,952 10,990,310 561,289 9,223,663
406 Waste Water Utility 2,578,193 7,263,934 814,612 3,392,805 5,358,324 332,171 3,060,634
407 Surface Water Utility 4,342,360 4,863,612 951,529 5,293,889 6,696,073 379,266 4,914,623
416 King County Metro 2,603,562 15,202,336 1,338,754 3,942,316 15,202,336 1,217,937 2,724,379
425 Water Utility Construction 3,811,904 4,385,000 3,679 3,815,583 4,385,000 359,057 3,456,526
426 Waste Water Construction 2,950,173 3,300,000 119,049 3,069,222 3,250,000 60,893 3,008,329
427 Surface Water Construction 3,167,925 8,054,418 425,507 3,593,432 8,224,000 259,489 3,333,943
471 Waterworks Rate Stabilization 15,942 ‐ 4 15,946 ‐ ‐ 15,946
Note: Waterworks Utility Funds are managed as a system and are designated by the dotted lines.
Page 13 of 36
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
March
April
May
June
July
August
September
October
November
December
(3,000,000)
(2,000,000)
(1,000,000)
‐
70,000,000
80,000,000
90,000,000
100,000,000
110,000,000
Change in Fund
Balance
Rev/Exp Revenues
Expenditures
Change in Fund Balance
(9,000,000)
(8,000,000)
(7,000,000)
(6,000,000)
(5,000,000)
(4,000,000)
‐
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Page 14 of 36
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 5,766,289 5,710,991 ‐0.96%
Feb 11,807,809
Mar 17,424,607
Apr 33,925,057
May 48,349,945
Jun 53,326,415
Jul 59,768,836
Aug 64,942,242
Sep 70,430,525
Oct 86,056,870
Nov 99,487,815
Dec 106,735,133
Percent of budget 5.35%
YTD Annual %
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
Millions
Total Revenue
General Government
Budget
Actual
Last Year
$39
Millions Property Tax
Property Tax Budget Actual over (under)
Jan 114,344 (101,807) ‐189.04%
Feb 265,395
Mar 1,157,646
Apr 11,357,291
May 18,150,509
Jun 18,239,862
Jul 18,477,511
Aug 18,504,338
Sep 18,994,621
Oct 28,349,026
Nov 34,820,211
Dec 35,240,495
Percent of budget ‐0.29%
$(3)
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
$36
$39
Budget
Actual
Last Year
Page 15 of 36
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Sales Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,761,360 1,796,358 1.99%
Feb 4,046,021
Mar 5,727,981
Apr 7,387,143
May 9,333,708
Jun 11,070,969
Jul 12,845,654
Aug 14,790,983
Sep 16,643,285
Oct 18,584,144
Nov 20,553,869
Dec 22,432,262
Percent of budget 8.01%
Note: Excludes CJ Sales Tax and Natural Gas Use Tax.
YTD Annual %
$‐
$3
$6
$9
$12
$15
$18
$21
$24
Millions Sales Tax
Budget
Actual
Last Year
$16
Millions Utility Tax
Utility Tax Budget Actual over (under)
Jan 1,314,163 1,373,119 4.49%
Feb 2,812,731
Mar 4,005,559
Apr 5,566,619
May 6,914,817
Jun 8,100,701
Jul 9,360,212
Aug 10,618,052
Sep 12,054,402
Oct 13,130,044
Nov 14,389,281
Dec 15,859,850
Percent of budget 8.66%
Note: Includes Natural Gas Use Tax.
$‐
$2
$4
$6
$8
$10
$12
$14
$16
Budget
Actual
Last Year
Page 16 of 36
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Licenses &
Permits Budget
YTD
Actual
Annual %
over (under)
Jan 317,258 404,067 27.36%
Feb 532,125
Mar 721,978
Apr 1,057,455
May 1,322,182
Jun 1,537,319
Jul 1,821,713
Aug 2,089,562
Sep 2,255,810
Oct 2,683,251
Nov 2,956,199
Dec 3,129,504
Percent of budget 12.91%
Note: Franchise Fees
YTD Annual % Millions
Intergovernmental
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions Licenses & Permits
Budget
Actual
Last Year
Intergovt'l Budget Actual over (under)
Jan 808,499 846,109 4.65%
Feb 1,581,067
Mar 1,991,550
Apr 2,933,835
May 5,425,923
Jun 5,871,694
Jul 6,699,243
Aug 7,154,741
Sep 7,619,591
Oct 8,662,849
Nov 10,991,607
Dec 11,525,770
Percent of budget 7.34%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
$10
$11
$12
$13
Millions
Budget
Actual
Last Year
Page 17 of 36
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Charges for
Services Budget
YTD
Actual
Annual %
over (under)
Jan 472,554 669,010 41.57%
Feb 1,014,284
Mar 1,533,730
Apr 2,186,446
May 2,764,156
Jun 3,327,941
Jul 4,129,243
Aug 4,755,721
Sep 5,298,050
Oct 5,868,205
Nov 6,382,725
Dec 6,946,295
Percent of budget 9.63%
Note: Excludes FD25 & FD40 contracts
Fines & YTD Annual %
$‐
$1
$2
$3
$4
$5
$6
$7
$8
Millions Charges for Services
Budget
Actual
Last Year
Millions Fines & Forfeits
Forfeits Budget Actual over (under)
Jan 182,211 136,762 ‐24.94%
Feb 458,502
Mar 758,359
Apr 1,117,012
May 1,429,139
Jun 1,727,765
Jul 1,992,350
Aug 2,177,905
Sep 2,342,076
Oct 2,551,945
Nov 2,757,647
Dec 3,058,500
Percent of budget 4.47%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Budget
Actual
Last Year
Page 18 of 36
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Other Taxes Budget
YTD
Actual
Annual %
over (under)
Jan 615,280 343,410 ‐44.19%
Feb 858,933
Mar 1,120,884
Apr 1,816,494
May 2,318,066
Jun 2,619,831
Jul 3,484,186
Aug 3,779,097
Sep 4,060,659
Oct 4,987,208
Nov 5,317,117
Dec 6,563,000
Percent of budget 5.23%
YTD Annual % Millions Miscellaneous
$‐
$1
$2
$3
$4
$5
$6
$7
$8
Millions Other Taxes
Budget
Actual
Last Year
Misc Budget Actual over (under)
Jan 180,621 243,963 35.07%
Feb 238,751
Mar 406,921
Apr 502,763
May 691,444
Jun 830,333
Jul 958,724
Aug 1,071,843
Sep 1,162,030
Oct 1,240,197
Nov 1,319,159
Dec 1,979,457
Percent of budget 12.32%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50 Budget
Actual
Last Year
Page 19 of 36
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Other
Financing Budget
YTD
Actual
Annual %
over (under)
Jan ‐ ‐ N/A
Feb ‐
Mar ‐
Apr ‐
May ‐
Jun ‐
Jul ‐
Aug ‐
Sep ‐
Oct ‐
Nov ‐
Dec ‐
Percent of budget N/A
$‐
$0.05
$0.10
$0.15
$0.20
$0.25
$0.30
$0.35
Millions Other Financing Sources
Budget
Actual
Last Year
Page 20 of 36
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
Mar 438,277
Apr 577,013
May 777,722
Jun 1,021,902
Jul 1,207,067
Aug 1,413,460
Sep 1,591,955
Oct 1,783,413
Nov 2,023,852
Dec 2,900,000
Percent of budget 5.59%
Bldg Permits &
Devlpmt Svc YTD Annual %
$‐
$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
Millions Building Permits and Development Service
Fees Budget Actual over (under)
Jan 303,505 432,890 42.63%
Feb 517,447
Mar 798,796
Apr 1,138,207
May 1,495,387
Jun 1,767,970
Jul 2,060,742
Aug 2,376,603
Sep 2,612,252
Oct 3,021,330
Nov 3,385,961
Dec 3,705,701
Percent of budget 11.68%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
Millions Fees
Budget
Actual
Last Year
Page 21 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 7,493,149 8,047,088 7.39%
Feb 17,341,645
Mar 25,772,059
Apr 34,477,520
May 43,323,981
Jun 51,703,014
Jul 60,864,634
Aug 69,612,016
Sep 78,382,277
Oct 86,811,548
Nov 95,433,862
Dec 105,072,444
Percent of budget expended 7.66%
YTD Annual %
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
Millions
Total Expenditures
General Government
Budget
Actual
Last Year
$300 000
Legislative
Legislative Budget Actual over (under)
Jan 23,600 23,569 ‐0.13%
Feb 48,503
Mar 73,699
Apr 98,693
May 123,150
Jun 147,659
Jul 172,257
Aug 196,241
Sep 220,634
Oct 245,277
Nov 269,840
Dec 295,947
Percent of budget expended 7.96%
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Budget
Actual
Last Year
Page 22 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Executive Budget
YTD
Actual
Annual %
over (under)
Jan 79,778 76,257 ‐4.41%
Feb 195,660
Mar 314,202
Apr 436,250
May 553,191
Jun 656,617
Jul 770,042
Aug 884,797
Sep 989,853
Oct 1,101,700
Nov 1,212,767
Dec 1,349,262
Percent of budget expended 5.65%
YTD Annual %
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
Millions Executive
Budget
Actual
Last Year
$2 00
Millions City Attorney
City Attorney Budget Actual over (under)
Jan 130,608 135,206 3.52%
Feb 263,897
Mar 397,056
Apr 538,183
May 667,679
Jun 805,013
Jul 935,343
Aug 1,068,299
Sep 1,207,902
Oct 1,353,064
Nov 1,484,680
Dec 1,700,639
Percent of budget expended 7.95%
$‐
$0.40
$0.80
$1.20
$1.60
$2.00 Budget
Actual
Last Year
Page 23 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Court Services Budget
YTD
Actual
Annual %
over (under)
Jan 157,338 159,512 1.38%
Feb 317,867
Mar 479,793
Apr 649,498
May 815,721
Jun 997,310
Jul 1,166,280
Aug 1,329,864
Sep 1,492,494
Oct 1,656,756
Nov 1,820,956
Dec 2,009,688
Percent of budget expended 7.94%
YTD Annual %
$‐
$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
Millions
Community & Economic
Dl Ad iCED Admin Budget Actual over (under)
Jan 83,562 83,232 ‐0.39%
Feb 167,265
Mar 251,248
Apr 337,835
May 419,824
Jun 502,350
Jul 584,984
Aug 667,510
Sep 750,213
Oct 832,697
Nov 914,978
Dec 1,008,700
Percent of budget expended 8.25%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions Development Admin
Budget
Actual
Last Year
Page 24 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Development
Services Budget
YTD
Actual
Annual %
over (under)
Jan 217,541 216,780 ‐0.35%
Feb 421,988
Mar 630,714
Apr 858,769
May 1,074,649
Jun 1,298,823
Jul 1,527,227
Aug 1,771,154
Sep 1,996,938
Oct 2,235,337
Nov 2,464,233
Dec 2,698,044
Percent of budget expended 8.03%
Economic YTD Annual %
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions
Development Services
Budget
Actual
Last Year
Millions
Economic Development
Development Budget Actual over (under)
Jan 68,812 36,443 ‐47.04%
Feb 105,130
Mar 144,914
Apr 187,864
May 227,256
Jun 271,254
Jul 317,530
Aug 367,878
Sep 412,847
Oct 457,115
Nov 506,248
Dec 559,126
Percent of budget expended 6.52%
$‐
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
Millions
Budget
Actual
Last Year
Page 25 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Planning Budget
YTD
Actual
Annual %
over (under)
Jan 173,384 123,910 ‐28.53%
Feb 357,979
Mar 539,305
Apr 721,403
May 903,650
Jun 1,087,086
Jul 1,271,139
Aug 1,473,167
Sep 1,670,789
Oct 1,843,297
Nov 2,022,929
Dec 2,217,824
Percent of budget expended 5.59%
YTD Annual % $2 40
Millions Finance
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
Millions
Planning
Budget
Actual
Last Year
Finance Budget Actual over (under)
Jan 152,534 161,643 5.97%
Feb 307,128
Mar 470,299
Apr 641,981
May 818,302
Jun 998,322
Jul 1,182,829
Aug 1,370,261
Sep 1,534,243
Oct 1,687,767
Nov 1,837,345
Dec 2,315,570
Percent of budget expended 6.98%
$‐
$0.40
$0.80
$1.20
$1.60
$2.00
$2.40 Budget
Actual
Last Year
Page 26 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
City Clerk Budget
YTD
Actual
Annual %
over (under)
Jan 62,922 62,855 ‐0.11%
Feb 130,652
Mar 213,249
Apr 287,836
May 489,593
Jun 553,554
Jul 733,334
Aug 813,979
Sep 885,865
Oct 956,762
Nov 1,028,890
Dec 1,106,909
Percent of budget expended 5.68%
Includes Hearing Examiner
Human YTD Annual % $1 00
Millions Human Resources
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions City Clerk
Budget
Actual
Last Year
Resources Budget Actual over (under)
Jan 72,210 63,751 ‐11.71%
Feb 151,673
Mar 237,798
Apr 318,066
May 394,766
Jun 486,193
Jul 568,667
Aug 653,735
Sep 734,745
Oct 816,748
Nov 900,856
Dec 996,150
Percent of budget expended 6.40%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
Budget
Actual
Last Year
Page 27 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Police Budget
YTD
Actual
Annual %
over (under)
Jan 2,401,322 2,620,270 9.12%
Feb 4,918,229
Mar 7,353,151
Apr 9,888,590
May 12,497,000
Jun 14,865,091
Jul 17,521,427
Aug 19,815,207
Sep 22,443,271
Oct 24,748,356
Nov 27,324,960
Dec 29,884,645
Percent of budget expended 8.77%
Fire &
Emergency YTD Annual %
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
Millions Police
Budget
Actual
Last Year
$27
Millions Fire & Emergency Services
Services Budget Actual over (under)
Jan 2,032,671 2,561,083 26.00%
Feb 4,825,761
Mar 6,823,386
Apr 8,816,124
May 10,978,696
Jun 12,955,980
Jul 14,939,367
Aug 16,954,511
Sep 18,951,590
Oct 20,976,654
Nov 23,030,284
Dec 25,106,874
Percent of budget expended 10.20%
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
Budget
Actual
Last Year
Page 28 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Community
Services Admin Budget
YTD
Actual
Annual %
over (under)
Jan 40,991 36,113 ‐11.90%
Feb 79,805
Mar 118,717
Apr 158,710
May 198,306
Jun 237,639
Jul 276,769
Aug 315,575
Sep 353,934
Oct 392,099
Nov 432,386
Dec 477,630
Percent of budget expended 7.56%
YTD Annual % $4 50
Millions Parks
$‐
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
Millions Community Services Admin
Budget
Actual
Last Year
Parks Budget Actual over (under)
Jan 283,373 271,473 ‐4.20%
Feb 580,106
Mar 891,933
Apr 1,234,823
May 1,564,643
Jun 1,918,574
Jul 2,294,456
Aug 2,692,594
Sep 3,086,642
Oct 3,465,100
Nov 3,818,884
Dec 4,179,513
Percent of budget expended 6.50%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50 Budget
Actual
Last Year
Page 29 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Parks Planning
and Natural
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 38,340 43,855 14.38%
Feb 78,685
Mar 129,973
Apr 178,519
May 235,072
Jun 285,622
Jul 336,438
Aug 386,013
Sep 439,420
Oct 495,488
Nov 546,802
Dec 685,661
Percent of budget expended 6.40%
YTD Annual %
$‐
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
$0.90
Millions Parks Planning and Natural Resources
Budget
Actual
Last Year
$6
Millions Recreation
Recreation Budget Actual over (under)
Jan 314,542 278,944 ‐11.32%
Feb 670,828
Mar 1,031,723
Apr 1,416,138
May 1,776,650
Jun 2,168,143
Jul 2,783,938
Aug 3,446,993
Sep 3,943,611
Oct 4,304,371
Nov 4,657,750
Dec 5,063,974
Percent of budget expended 5.51%
$‐
$1
$2
$3
$4
$5
$6
Budget
Actual
Last Year
Page 30 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Human
Services Budget
YTD
Actual
Annual %
over (under)
Jan 51,586 47,594 ‐7.74%
Feb 127,385
Mar 238,323
Apr 369,323
May 447,896
Jun 513,447
Jul 645,557
Aug 711,028
Sep 761,451
Oct 902,012
Nov 975,676
Dec 1,160,116
Percent of budget expended 4.10%
Neighborhoods
, Resources, YTD Annual %
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
Millions Human Services
Budget
Actual
Last Year
$1 00
Millions Neighborhoods, Resources, and Events
and Events Budget Actual over (under)
Jan 62,828 57,193 ‐8.97%
Feb 120,749
Mar 192,586
Apr 256,511
May 319,217
Jun 399,294
Jul 498,209
Aug 577,803
Sep 651,443
Oct 718,836
Nov 815,013
Dec 896,992
Percent of budget expended 6.38%
$‐
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
$0.90
$1.00
Budget
Actual
Last Year
Page 31 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Museum Fund Budget
YTD
Actual
Annual %
over (under)
Jan 17,765 16,819 ‐5.33%
Feb 35,760
Mar 53,774
Apr 72,573
May 90,724
Jun 109,066
Jul 127,058
Aug 145,320
Sep 163,690
Oct 182,018
Nov 200,448
Dec 218,308
Percent of budget expended 7.70%
Public Works YTD Annual % $500 000
Public Works Admin
$‐
$30,000
$60,000
$90,000
$120,000
$150,000
$180,000
$210,000
$240,000
Museum Fund
Budget
Actual
Last Year
Admin Budget Actual over (under)
Jan 43,851 31,793 ‐27.50%
Feb 87,527
Mar 131,292
Apr 177,010
May 219,556
Jun 260,323
Jul 299,379
Aug 338,954
Sep 378,070
Oct 415,960
Nov 453,791
Dec 492,345
Percent of budget expended 6.46%
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
Budget
Actual
Last Year
Page 32 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Street
Maintenance Budget
YTD
Actual
Annual %
over (under)
Jan 343,343 311,026 ‐9.41%
Feb 733,256
Mar 1,093,100
Apr 1,466,103
May 1,824,610
Jun 2,207,061
Jul 2,567,145
Aug 2,916,086
Sep 3,276,933
Oct 3,641,917
Nov 4,007,746
Dec 4,418,539
Percent of budget expended 7.04%
YTD Annual %
$‐
$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
$5 0
Millions Transportation
Transportation Budget Actual over (under)
Jan 290,664 278,181 ‐4.29%
Feb 644,525
Mar 1,004,897
Apr 1,424,149
May 1,755,620
Jun 2,064,742
Jul 2,445,764
Aug 2,829,910
Sep 3,164,918
Oct 3,525,796
Nov 3,864,338
Dec 4,402,279
Percent of budget expended 6.32%
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
Budget
Actual
Last Year
Page 33 of 36
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 1,390,144
Mar 2,085,216
Apr 2,780,288
May 3,475,360
Jun 4,170,432
Jul 4,865,503
Aug 5,560,575
Sep 6,255,647
Oct 6,950,719
Nov 7,645,791
Dec 8,340,863
Percent of budget expended 0.62%
Non‐
Departmental YTD Annual % $6 00
Millions Non‐Departmental Other City Services
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
$10
Millions Debt Service
Budget
Actual
Last Year
Other City Budget Actual over (under)
Jan 298,065 298,065 0.00%
Feb 581,141
Mar 871,711
Apr 1,162,281
May 1,452,852
Jun 1,743,422
Jul 2,033,992
Aug 2,324,563
Sep 2,615,133
Oct 2,905,703
Nov 3,196,274
Dec 3,486,844
Percent of budget expended 8.55%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50
$6.00 Budget
Actual
Last Year
Page 34 of 36
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2014 Budget Year
Utilities Budget Revenue Expense
Jan 3,543,368 6,606,636 3,795,307
Feb 8,194,123
Mar 14,457,565
Apr 19,840,979
May 25,817,307
Jun 32,706,591
Jul 39,359,939
Aug 44,998,005
Sep 51,452,338
Oct 56,265,690
Nov 61,508,796
Dec 70,609,667
Percent of budget expended 5.99%
Note: Operations and Capital
$0
$10
$20
$30
$40
$50
$60
$70
$80
Millions Utilities
Budget
Revenue
Expense
$18 00
Millions Airport
Airport Budget Revenue Expense
Jan 36,046 292,698 108,595
Feb 74,054
Mar 149,974
Apr 184,702
May 365,320
Jun 579,123
Jul 947,337
Aug 1,952,104
Sep 2,058,604
Oct 3,018,964
Nov 3,069,095
Dec 3,215,564
Percent of budget expended 3.38%
Note: Operations and Capital
$‐
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
Budget
Revenue
Expense
Page 35 of 36
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2014 Budget Year
Golf Course Budget Revenue Expense
Jan 139,883 83,199 128,950
Feb 293,463
Mar 477,812
Apr 704,146
May 876,363
Jun 1,086,215
Jul 1,270,055
Aug 1,445,653
Sep 1,631,136
Oct 1,807,246
Nov 1,958,689
Dec 2,561,090
Percent of budget expended 5.03%
Note: Operations and Capital
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
$2.10
$2.40
$2.70
Millions Golf Course
Budget
Revenue
Expense
Page 36 of 36