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HomeMy WebLinkAbout201205, May.pdfFINANCE AND  INFORMATION TECHNOLOGY    M   E   M   O   R   A   N   D   U   M       DATE: June 20, 2012     TO: Rich Zwicker, Council President  Members of the Renton City Council     CC: Denis Law, Mayor  Administrators     FROM: Hai Nguyen, Sr. Finance Analyst     SUBJECT: May 2012 Financial Status Report       At the end of May, general governmental revenues show $698k or 1.5% over budget.  Revenues  sources that are higher than expected are: property taxes ($125k); real estate excise taxes  ($222k); building permits & development service fees ($306k); other miscellaneous (104k); and  other financing sources (126k).  On the down side, the revenue sources that are  underperforming the year to date budget are: franchise fees ($43k below); utility taxes ($68k  below); culture and recreation fees ($89k below); interfund/inter‐departmental services ($225k  below); and fines/forfeitures ($36k below).    General government expenditures showed favorable variance of $171k or 0.4%.  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.         This page is intentionally left blank        General  Governmental  Funds $% Beginning Fund Balance 11,955,285$       11,955,285$       11,407,119$       11,407,119$       11,057,551$       11,057,551$       11,057,551$       0$                        0.0% OPERATING REVENUES Property Tax 31,497,128          16,434,665          32,357,894          17,054,953          32,896,746          17,133,271          17,258,526          125,255          0.7% Sales  Tax 17,198,220          7,267,999             17,729,731          7,466,812             17,864,000          7,518,537             7,524,996             6,460                0.1% Sales  Tax  ‐ Annexation Credit 2,025,660             852,234                  2,033,954             838,383                  2,101,647             866,286                  900,851                  34,565             4.0% Criminal Justice Sales  Tax 1,620,479             676,723                  1,809,757             741,839                  1,867,145             765,363                  767,525                  2,162                0.3% Natural  Gas  Use Tax 228,514                  123,656                  249,407                  139,628                  270,394                  151,378                  190,803                  39,425             26.0% Admission  Tax 291,399                  141,355                  308,200                  134,870                  350,000                  153,162                  154,705                  1,543                1.0% Franchise Fees 1,222,444             594,746                  1,234,448             600,206                  1,323,000             643,262                  599,927                  (43,335)             ‐6.7% Electricity Tax 5,036,907             2,222,605             5,166,711             2,332,555             5,283,280             2,385,181             2,367,351             (17,830)             ‐0.7% Natural  Ga s  Utility Tax 1,577,756             890,300                  1,848,806             1,135,665             1,950,000             1,197,825             1,031,633             (166,192)          ‐13.9% Transfer  Station 269,912                  91,294                     297,474                  95,470                     248,762                  79,837                     120,394                  40,557             50.8% TV Cable 1,296,744             552,440                  1,385,275             550,425                  1,427,679             567,274                  556,315                  (10,960)             ‐1.9% Telephone 1,038,009             444,889                  966,827                  419,904                  1,000,000             434,311                  422,975                  (11,336)             ‐2.6% Cellular Phone 2,206,637             973,548                  2,054,183             891,810                  2,309,360             1,002,594             1,014,806             12,212             1.2% City Utilities 2,853,884             1,126,673             3,516,179             1,388,928             3,665,728             1,448,002             1,494,304             46,302             3.2% Leasehold Excise  Tax 138,830                  36,976                     162,593                  36,189                     145,000                  32,273                     36,481                     4,208                13.0% Gambling Excise Tax 1,546,386             666,462                  1,671,414             710,768                  1,600,000             680,400                  675,662                  (4,738)                ‐0.7% Real  Estate Excise  Tax 2,464,489             986,269                  2,074,059             671,794                  2,025,000             655,622                  943,666                  288,044          43.9% Less: Municipal  Facilities CIP REET (400,000)                (164,527)                (400,000)                (119,963)                (400,000)                (119,963)                (186,403)                (66,440)            55.4% EMS Levy 1,161,114             ‐                              868,873                  152,215                  1,007,976             221,445                  221,445                  ‐                      0.0% Business  License Fees 431,782                  216,603                  442,451                  215,144                  469,817                  228,451                  209,503                  (18,949)            ‐8.3% Other  Licenses and Permits 262,629                  90,744                     232,534                  84,271                     213,305                  77,302                     96,280                     18,978             24.6% Building Permits & Development Svc Fees 2,437,270             1,061,655             2,772,779             969,626                  2,466,063             860,292                  1,165,827             305,535          35.5% Intergovt'l (Grants, State  Shared, etc) 4,426,676             1,703,248             4,737,323             1,631,292             4,359,315             1,302,777             1,372,909             70,131             5.4% Fire District 25 and 40 Contracts 5,252,877             583,869                  6,110,668             2,885,277             6,008,694             3,001,928             3,001,928             ‐                      0.0% Public Safety 482,343                  184,831                  484,985                  178,115                  430,635                  158,154                  196,835                  38,681             24.5% Culture and Recreation 1,424,932             462,900                  1,493,540             531,798                  1,660,863             591,375                  502,444                  (88,931)             ‐15.0% Interfund/Interdept‐Services 3,190,908             1,383,263             3,070,506             1,192,966             3,617,185             1,513,641             1,288,224             (225,417)         ‐14.9% Fines  and Forfeits 1,291,817             450,995                  1,163,602             435,320                  1,088,750             406,478                  366,674                  (39,804)            ‐9.8% Photo Enforcement 1,925,159             813,819                  1,897,782             862,498                  1,944,713             883,827                  869,725                  (14,101)            ‐1.6% Seizure Funds ‐ Federal/State/Local 221,046                  53,064                     83,220                     ‐                              180,693                  ‐                              17,904                     17,904             100.0% Interests and Other Earnings 183,511                  74,451                     107,183                  36,181                     125,400                  42,331                     39,929                     (2,402)                ‐5.7% Rents, Leases, and Concessions 727,338                  359,452                  744,834                  327,189                  701,464                  308,137                  392,552                  84,415             27.4% Contributions  and Donations 133,756                  42,652                     196,586                  51,317                     81,500                     21,275                     63,791                     42,516             199.8% Other  Miscellaneous 434,286                  178,207                  529,147                  163,496                  427,358                  123,183                  226,937                  103,754          84.2% Other  Financing Sources  (Transfer‐In, etc) 653,595                  285                            1,073,507             167,716                  1,241,752             18,328                     143,912                  125,584          685.2% Total  Operating Revenues 96,754,435          41,578,345          100,476,431       44,974,654          101,953,223       45,353,538          46,051,336          697,798          1.5% OPERATING EXPENDITURES Legislative 259,345                  109,177                  271,236                  112,072                  284,087                  118,463                  115,568                  2,895                2.4% Executive 1,578,526             672,872                  1,566,906             605,772                  1,468,694             597,036                  545,056                  51,981             8.7% Hearing Examiner 174,447                  72,376                     59,878                     28,865                     71,025                     30,687                     27,252                     3,435                11.2% City Attorney 1,565,597             666,194                  1,596,609             657,439                  1,668,686             698,477                  700,106                  (1,630)                ‐0.2% Court Services 2,007,599             822,296                  2,084,170             831,527                  2,155,819             871,345                  860,008                  11,338             1.3% Community and Eco Dvlpmnt Admin 579,396                  243,426                  929,814                  387,665                  952,912                  398,469                  399,357                  (888)                    ‐0.2% Development Services 2,946,413             1,252,760             2,810,736             1,220,807             3,434,929             1,475,822             1,208,953             266,869          18.1% Economic Development 1,322,004             527,838                  724,970                  297,953                  753,765                  304,084                  255,933                  48,151             15.8% Planning 1,774,508             624,963                  1,447,781             581,947                  1,516,719             568,088                  616,222                  (48,134)             ‐8.5% Finance 2,214,458             770,836                  2,134,667             770,959                  2,161,836             766,386                  813,293                  (46,907)             ‐6.1% City Clerk 789,209                  368,812                  736,880                  369,865                  1,002,105             485,052                  283,861                  201,191          41.5% Human Resources 861,221                  354,450                  888,252                  342,697                  946,956                  377,353                  372,608                  4,744                1.3% Police 23,946,386          9,813,722             24,737,346          10,349,968          25,214,618          10,443,319          10,528,062          (84,743)            ‐0.8% Jail Services 3,539,035             1,203,258             6,206,735             762,691                  5,340,599             1,165,684             1,165,684             ‐                      0.0% Fire 21,554,792          9,312,143             22,511,597          9,538,569             24,099,606          10,309,325          10,741,041          (431,716)         ‐4.2% Community Services Admin 1 1,063,011             439,144                  416,284                  170,164                  421,043                  173,424                  180,559                  (7,135)                ‐4.1% Parks 3,421,424             1,261,884             3,829,676             1,422,731             4,045,762             1,497,885             1,489,760             8,125                0.5% Parks  Planning & Natural  Resources 448,574                  150,956                  551,423                  204,169                  685,122                  243,305                  223,491                  19,814             8.1% Recreation 4,433,420             1,516,763             4,974,002             1,763,066             5,276,859             1,839,738             1,750,284             89,455             4.9% Human Services 1,326,778             455,748                  1,247,294             499,658                  1,277,487             474,159                  478,640                  (4,482)                ‐0.9% Neighborhoods, Resources, & Events 331,222                  112,347                  610,545                  198,703                  697,288                  230,302                  209,582                  20,721             9.0% Library 2,289,692             1,067,015             2,030,000             12,619                     230,000                  61,106                     61,106                     ‐                      0.0% Museum 191,090                  78,771                     210,620                  86,914                     213,533                  88,071                     90,015                     (1,943)                ‐2.2% Public Works  Admin 1 514,858                  215,438                  452,538                  187,166                  465,889                  193,891                  197,642                  (3,751)                ‐1.9% Street Maintenance 3,412,892             1,367,277             3,534,025             1,455,914             3,728,945             1,515,424             1,525,151             (9,727)                ‐0.6% Transportation 5,215,309             2,071,440             4,509,066             1,787,292             4,763,972             1,890,393             1,806,575             83,818             4.4% Debt Service 4,707,100             126,181                  4,822,566             390,380                  6,531,373             856,385                  856,385                   ‐                      0.0% Non‐Departmental  and Other 4,834,296             1,657,444             4,930,383             3,149,818             2,944,248             1,375,197             1,375,197              ‐                      0.0% Total  Operating Expenditures 97,302,601          37,335,531          100,825,999       38,187,393          102,353,876       39,048,870          38,877,391          171,479          0.4% Total  Ending Fund Balance 11,407,119$       16,198,100$       11,057,551$       18,194,380$       10,656,898$       17,362,219$       18,231,496$       869,277          5.0% 1Facilities was  included in Community Services  Admin  and Technical Services  was  included in Public Works  Admin in 2010 Summary of Sources and Uses Annual Actual YTD Actual Favorable (Unfavorable) 2010 2011 2012 Variance Annual Actual YTD Actual Annual Budget YTD Budget YTD Actual Monthly Financial Report May 2012 Page 1 of 36 Monthly Financial Report May 2012        OVERVIEW  This financial overview reflects the City’s overall financial position for the fiscal year through May 31, 2012.  Except as  noted, year‐to‐date budgeted revenues and operating expenditures are generally based on the collection/disbursement  patterns for the same period of the preceding 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 77% of  all resources supporting general governmental activities.   The following section provides detail information on property,  sales, utility, and other taxes.    Property Tax  May’s collection is $6.1 million,  making the total year‐to‐date  collection $17.3 million or 52% of the  total budget.  In comparison to the  previous year, the City collected  $204k or 1% more.  Compared to the  budget, the City is above projections  by $125k or 1%.  2012’s monthly  budgets are based on 2009 through  2011 collections.  The variance from  the prior year and budget is due the  timing of collections.  An estimated  $2.1 million of May 2012’s collection  was receipted in April 2012.  If we  combine April and May, the City is right on target with budget projections.          Sales Tax  May 2012 sales tax receipts totalled $1.6  million.  Compared to the same month  last year, it is $8k or 1% more.  Compared  to the projected current month’s budget,  it is $20k or 1% above.  The year‐to‐date  collection of $7.5 million is $58k or 1%  more than the prior year and is also $6k  more than budgeted.  The City is  projecting sales tax revenues to meet the  budget at year‐end.    2011 2012 2012 Actual Budget Actual $ % $ % Jan 505,501$         255,343$         149,112$         (356,390)$     ‐71% (106,231)$    ‐42% Feb 336,193            316,911            85,577               (250,616)        ‐75% (231,334)       ‐73% Mar 745,285            675,495            880,380            135,094         18% 204,885         30% Apr 7,618,492        7,776,464        10,012,008    2,393,515     31% 2,235,544    29% May 7,849,481        8,109,059        6,131,450       (1,718,030)   ‐22% (1,977,609)   ‐24% Jun 54,963               98,578                Jul 112,076            106,083             Aug 25,954               84,126                Sep 467,946            421,108             Oct 7,014,860        6,907,167         Nov 7,348,025        7,974,601         Dec 279,117            171,812             YTD  Total 17,054,953$  17,133,271$  17,258,526$ 203,574$      1% 125,255$      1% Annual Total 32,357,894$  32,896,746$   Property Tax  Revenues Year to Date through May 2012 vs. 2011 2012 vs. Budget Month 2011 2012 2012 Actual Budget Actual $ % $ % Jan 1,339,658$     1,388,527$     1,327,548$     (12,111)$      ‐1% (60,980)$    ‐4% Feb 1,982,269        1,787,327        1,923,714        (58,556)         ‐3% 136,386     8% Mar 1,299,237        1,372,298        1,303,820        4,583            0% (68,478)       ‐5% Apr 1,254,867        1,391,509        1,370,731        115,864      9% (20,778)       ‐1% May 1,590,780        1,578,875        1,599,184        8,403            1% 20,309        1% Jun 1,368,213        1,422,596         ‐                         Jul 1,437,859        1,411,637        ‐                         Aug 1,534,218        1,522,536        ‐                         Sep 1,472,399        1,468,712        ‐                         Oct 1,517,444        1,529,207        ‐                         Nov 1,508,954        1,522,978        ‐                         Dec 1,423,832        1,467,796        ‐                         YTD  Total 7,466,812$     7,518,537$     7,524,996$     58,185$      1% 6,460$        0% Annual Total 17,729,731$  17,864,000$   2012 vs. Budget2012 vs. 2011 Month Year to Date through May Local Retail Sales  Tax  Revenues Page 2 of 36 Monthly Financial Report May 2012      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 2011 2012 Bgt YTD Act Change 2012/2011 2012 Act vs  Bgt New Construction 582,440$         692,739$         657,549$         75,109$          13%$         (35,189)‐5% Auto Sales 1,315,561        1,421,129        1,363,324        47,763             4%            (57,805)‐4% General Retail 2,574,826        2,673,316        2,723,220        148,394          6%              49,904 2% Manufacturing 571,456            332,049            446,595            (124,861)        ‐22%           114,545 35% Wholesale 466,985            498,004            492,645            25,659             5%               (5,359)‐1% Service 1,664,591        1,722,244        1,696,188        31,598             2%            (26,056)‐2% Other 290,953            179,056            145,475            (145,478)        ‐50%            (33,580)‐19% Total 7,466,812$     7,518,537$     7,524,996$     58,185$          1%6,460$              0% Note: Excludes  Annexation  Credit and Criminal Justice Sales  Tax revenue.      Utility tax   May utility tax revenues are $1.4 million,  which is $102k or 8% higher than the  same month last year and is also ahead  of the budget by $44k or 3%.  The year‐ to‐date collection is $7.2 million, which is  $244k or 4% higher than the prior year  but is $68k or 1% lower than the budget.   The City is projecting utility tax revenues  to be slightly under budget at year‐end.                  The table below breaks out Utility Tax by source.    Utility Tax by Type 2011 2012 Bgt YTD  Act Change  2012/2011  2012 Act  vs  Bgt  Electrical 2,332,555$     2,385,181$     2,367,351$     34,796$          1%$         (17,830)‐1% Natural Gas 1,275,293        1,349,203        1,222,436        (52,857)            ‐4%         (126,767)‐9% Cell 891,810            1,002,594        1,014,806        122,996          14%              12,212 1% Phone 419,904            434,311            422,975            3,071                1%            (11,336)‐3% Cable 550,425            567,274            556,315            5,889                1%            (10,960)‐2% Transfer Station 95,470               79,837               120,394            24,924             26%              40,557 51% City Utilities 1,388,928        1,448,002        1,494,304        105,376          8%              46,302 3% YTD  Total 6,954,386$     7,266,402$     7,198,580$     244,194$       4%(67,821)$          ‐1% Annual  Total 15,484,862$  16,155,203$   YTD  as % of 45% 45%      2011 2012 2012 Actual Budget Actual $ % $ % Jan 1,363,023$     1,423,448$      1,469,178$     106,155$   8% 45,730$      3% Feb 1,448,275        1,512,984         1,512,539        64,263         4% (445)               0% Mar 1,480,840        1,546,398         1,438,515        (42,325)         ‐3% (107,883)      ‐7% Apr 1,370,718        1,433,422         1,384,240        13,522         1% (49,182)        ‐3% May 1,291,530        1,350,150         1,394,109        102,579      8% 43,959         3% Jun 1,203,475        1,256,117          Jul 1,188,526        1,240,117          Aug 1,165,863        1,217,180          Sep 1,176,526        1,225,853          Oct 1,202,559        1,253,072          Nov 1,232,640        1,281,314          Dec 1,360,887        1,415,147          YTD  Total 6,954,386$     7,266,402$      7,198,580$     244,194$   4%(67,821)$     ‐1% Annual Total 15,484,862$  16,155,203$    2012 vs. Budget2012 vs. 2011 Year to Date through May Utility Tax  Revenues Month Page 3 of 36 Monthly Financial Report May 2012      Other Taxes     Real Estate Excise Tax  The City collected $253k in Real Estate  Excise Tax revenues (REET) for May.  This is  $96k or 61% ahead of the same month last  year and $100k or 65% above the current  month’s budget.  The year‐to‐date  collection is $944k, which is $272k or 40%  more than the prior year and is also $288k  or 44% above the budget.  The City is  projecting REET to meet the budget at year‐ end.                Gambling Tax  May’s Gambling Tax collections total  $101k.  Year‐to‐date total of $676k is  $35k or 5% below the year before  and is also $5k or 1% below budget.   The increase in January’s collection  from the previous January is due to  payment plans with two  establishments to remit their  monthly portions (starting in  October) of 2011 by year‐end, which  was receipted in the beginning of  2012.  Approximately $30k collected  in January was for the prior year.  The  decrease in March is due the timing  of collections (the City receipted $30k  in April that was due for March).  The variance in May is due to new payment plans with the same above establishments.   The City is projecting gambling tax revenues to meet the budget at year‐end.    Pull tabs overall had a 5% increase, bingo increased by 30%, and card‐rooms are seeing 5% lower in activities when  compared to the prior year.      Franchise Fees  Franchise Fees are due quarterly and  the year‐to‐date revenue collections  are $600k or 45% of the budget.  This  is right on target with 2011 but is  $43k or 7% below the projected year‐ to‐date budget.  The City is projecting  franchise fees to be slighting under  budget at year‐end. 2011 2012 2012 Actual Budget Actual $ % $ % Jan 161,911$      157,987$      77,631$         (84,280)$      ‐52% (80,356)$      ‐51% Feb 99,677            97,304            214,137         114,460      115% 116,833      120% Mar 141,700         138,289         203,583         61,883         44% 65,294         47% Apr 110,987         108,315         194,868         83,881         76% 86,553         80% May 157,519         153,728         253,446         95,927         61% 99,719         65% Jun 228,506         223,006          Jul 117,567         114,737          Aug 159,524         155,683          Sep 205,753         200,800          Oct 189,691         185,125          Nov 335,893         327,808          Dec 165,331         162,219          YTD  Total 671,794$      655,622$      943,666$      271,872$   40%288,044$   44% Annual Total 2,074,059$  2,025,000$   Real Estate  Excise  Tax Revenues Year  to Date through May Month 2012 vs. Budget2012 vs. 2011 2011 2012 2012 Actual Budget Actual $ % $ % Jan 118,304$      113,250$      175,959$      57,655$      49% 62,710$      55% Feb 135,926         130,118         143,837         7,911            6% 13,719         11% Mar 135,067         129,296         98,279            (36,787)        ‐27% (31,016)        ‐24% Apr 162,459         155,518         156,498         (5,961)           ‐4% 980                 1% May 159,013         152,219         101,088         (57,924)        ‐36% (51,130)        ‐34% Jun 151,240         144,778         ‐                      Jul 136,775         130,931         ‐                      Aug 144,161         138,001         ‐                      Sep 125,618         120,251         ‐                      Oct 92,937            88,966            ‐                      Nov 139,018         133,078         ‐                      Dec 170,897         163,595         ‐                      YTD  Total 710,768$      680,400$      675,662$      (35,106)$     ‐5% (4,738)$        ‐1% Annual Total 1,671,414$  1,600,000$   Year to Date through May 2012 vs. 2011 2012 vs. Budget Gambling Tax Revenue Month 2011 2012 2012 Actual Budget Actual $ % $ % Jan 305,646$      327,571$      300,392$      (5,254)$         ‐2% (27,179)$      ‐8% Apr 294,560         315,690         299,534         4,974            2% (16,156)         ‐5% Jul 294,438         315,560          ‐                      Oct 292,692         313,688         ‐                      Dec 47,111            50,491            ‐                      YTD  Total 600,206$      643,262$      599,927$      (279)$            0% (43,335)$     ‐7% Annual Total 1,234,448$  1,323,000$   Month 2012 vs. 2011 2012 vs. Budget Franchise  Fees  Revenue Year  to Date through May Page 4 of 36 Monthly Financial Report May 2012      Admission Tax   Admission Tax returns are due  quarterly in January, April, July, and  October each year.  April 2012  collections represent activities  conducted during the 1st quarter of  2012.      The report shows an increase of $20k  or 15% from the year before and is  also $2k or 1% more than  anticipated.  The City is projecting admission tax revenues to meet the budget at year‐end.      Licenses and Permits    Building Permits and Development Service Fees  Building Permits and Development Service  Fee revenues totalled $285k in May.  The  year‐to‐date development fees revenue of  $1.2 million is $196k or 20% more than  2011 and is also $306k or 36% higher than  budget.  The higher than expected fees are  due to collecting more in general building  permits, electrical permits and public works  inspection fees.  The City is projecting  building permits and development service  fee revenues to meet the budget at year‐ end.                Business Licenses  Business Licenses totalled $3k for May, which is  $17k or 87% below the same month last year and  is also $19k or 88% under the current month’s  budget.  The year‐to‐date Business Licenses  revenue is behind the prior year by $6k or 3%  and is also 19k or 8% behind the budget.  The  reason for the variance in May is due to two  corrections (one for 2011 and one for 2012)  incorrectly coded to amusement licenses and  lower activity recorded for general business  licenses.  The City is projecting business licenses  to be slightly under the budget at year‐end.        2011 2012 2012 Actual Budget Actual $ % $ % Jan 70,405$         79,953$         73,420$         3,015$         4% (6,534)$        ‐8% Feb 477                    542                    934                    457                 96% 392                 72% Apr 63,582            72,205            80,352            16,770         26% 8,147            11% May 407                    462                    ‐                      Jul 86,024            97,691            ‐                      Aug 1,194               1,356               ‐                      Oct 86,112            97,791            ‐                      YTD  Total 134,870$      153,162$      154,705$      20,242$      15% 2,005$         1% Annual Total 308,200$      350,000$       Month 2012 vs. 2011 2012 vs. Budget Admission Tax  Revenue Year to Date through May 2011 2012 2012 Actual Budget Actual $ % $ % Jan 84,109$     89,311$     88,676$     4,568$      5% (635)$          ‐1% Feb 23,153        24,585        24,251        1,098         5% (334)             ‐1% Mar 3,811           4,047           4,927           1,115         29% 880              22% Apr 83,930        89,121        89,003        5,074         6% (117)            0% May 20,142        21,387        2,645           (17,496)      ‐87% (18,742)      ‐88% Jun 3,964           4,209            ‐                  Jul 83,962        89,155         ‐                  Aug 18,393        19,531        ‐                  Sep 4,135           4,391           ‐                  Oct 95,874        101,804     ‐                  Nov 18,291        19,423        ‐                  Dec 2,686           2,852           ‐                  YTD  Total 215,144$  228,451$  209,503$  (5,641)$      ‐3% (18,949)$  ‐8% Annual Total 442,451$  469,817$   2012 vs. 2011 Year to Date through May 2012 vs. Budget Business Licenses Month 2011 2012 2012 Actual Budget Actual $ % $ % Jan 132,621$      112,664$      160,750$      28,129$      21% 48,086$      43% Feb 141,672         125,262         197,549         55,877         39% 72,287         58% Mar 265,782         238,974         262,937         (2,845)            ‐1% 23,963         10% Apr 190,534         167,552         259,386         68,852         36% 91,834         55% May 239,018         215,841         285,205         46,187         19% 69,364         32% Jun 215,975         195,717          Jul 211,760         187,937          Aug 393,797         351,616          Sep 321,961         289,918          Oct 213,930         189,380          Nov 229,322         196,766          Dec 216,409         194,437          YTD  Total 969,626$      860,292$      1,165,827$  196,201$   20%305,535$   36% Annual Total 2,772,779$  2,466,063$   Building Permits and Development Service  Fees Year to Date through May 2012 vs. Budget2012 vs. 2011 Month Page 5 of 36 Monthly Financial Report May 2012      Intergovernmental  These revenue sources  include federal (direct and  indirect) grants, state  grants, state shared  revenues, local grants,  entitlements, and  intergovernmental. State  shared revenues and Fire  Districts’ 25 and 40  contracts compose 93% of the total revenues in this category.   The year‐to‐date total Intergovernmental revenue is $5.1  million or 42% of the budget.    State Shared Revenues  State Shared Revenue collections  totalled $1.8 million since the start  of 2012.  Compared to the prior  year, State Shared Revenues are  below by $14k or 1%.  Compared  to the projected budget, the City is  collecting $72k or 4% more.  The  higher than expected collections  are due to Criminal Justice’s High  Crime not being budgeted for.  The  City is projecting the total state  shared revenues to meet the  budget at year‐end.      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 72% of the total revenue in this category.  The year‐to‐date total charges for services are $2.5 million or 37% of  the budget.  This is 6% below budget projections.  The following sections provide detail information for Public Safety,  Recreation, and Interfund Services.    Public Safety Services  Public Safety Services totalled $197k since the  start of the year.  These services include private  security, adult probation services, and  housing/monitoring of prisoners.  Compared to  the prior year, the City is collecting $19k or 11%  more.  Compared to the budget, the City is  collecting $39k or 24% more than anticipated  revenue.  The City is projecting public safety  services revenues to meet the budget at year‐ end.       2011 2012 2012 ActualBudgetActual $%$% Jan 18,824$     16,715$         15,229$      (3,595)$       ‐19% (1,486)$       ‐9% Feb 40,902        36,318            34,848         (6,054)          ‐15% (1,470)          ‐4% Mar 30,346        26,945            35,353         5,007           17% 8,408           31% Apr 52,434        46,558            68,426         15,993        31% 21,869        47% May 35,609        31,619            42,979         7,370           21% 11,360        36% Jun 46,295        41,107            ‐                   Jul 70,094        62,239            ‐                   Aug 35,891        31,868            ‐                   Sep 30,743        27,298            ‐                   Oct 34,756        30,861            ‐                   Nov 42,944        38,131            ‐                   Dec 46,148        40,976            ‐                   YTD  Total 178,115$  158,154$      196,835$   18,720$     11% 38,681$     24% Annual Total 484,985$  430,635$       Month 2012 vs. 2011 Year to Date through May Public Safety Services 2012 vs. Budget Intergovernmental 2011 2012 Bgt YTD  Act Change 2012/2011 2012 Act vs  Bgt  Fire District #25 597,476$         672,812$         672,812$         75,336$          13% $                          ‐ 0% Fire  District #40 2,287,801        2,329,117        2,329,117        41,316             2%‐                            0% State  Shared Revenue 1,804,675        1,717,958        1,790,252        (14,423)            ‐1% 72,293             4% Federal Grants 161,440            97,846               97,846               (63,593)            ‐39%‐                            0% State Grants 73,216               51,968               51,968               (21,248)            ‐29%‐                            0% Other Grants/Intgovt 93,178               66,429               66,429               (26,749)            ‐29%‐                            0% ARRA Grants 126,020            133,939            133,939            7,918                6%‐                            0% Total  Rev YTD 5,143,806$     5,070,068$     5,142,362$     (1,444)$           0%72,293$           1% Total  Rev Annual 12,657,748$  12,235,154$   YTD  % 41% 41% 42% Note:  Includes CJ Sales  Tax. 2011 2012 2012 Actual Budget Actual $ % $ % Crim Just Sales Tax 741,839$          765,363$      767,525$        25,686$     3% 2,162$         0% Judicial Contribution 11,234                6,000               11,316              82                  1% 5,316            89% Crim Just ‐ High Crime 96,385                ‐                     93,724              (2,661)         ‐3% 93,724         100% Crim Just ‐ Pop 9,840                   ‐                     10,194              354               4% 10,194         100% Crim Just ‐ Spec Prog 37,165                33,649            38,473              1,308           4% 4,823            14% State  DUI 8,013                   6,382               8,895                 882               11% 2,513            39% Liquor Profits 168,155             172,438         123,076           (45,079)       ‐27% (49,362)         ‐29% Liquor Excise  Tax 220,756             225,557         229,464           8,708           4% 3,907            2% Fuel Tax 511,287             508,569         507,584           (3,703)         ‐1% (985)               0% YTD Total 1,804,675$     1,717,958$  1,790,252$   (14,423)$   ‐1% 72,293$      4% Annual  Total 4,495,551$     4,437,913$   Year to Date through May State  Shared Revenues 2012 vs. 2011 Revenue 2012 vs. Budget Page 6 of 36 Monthly Financial Report May 2012      Recreation  Recreation revenues totalled $139k for the  current month.  Compared to the same  month the prior year, the City collected $5k  or 4% more.  Compared to the projected  monthly budget, the City collected $10k or  7% less.  The year‐to‐date collection of  $502k is $29k or 6% less than the prior year  and is also $89k or 15% less than the budget.   The City is projecting recreation revenues to  be under budget at year‐end.              Interfund Services  The year‐to‐date collections for Interfund  Services revenues are $1.3 million.   Compared to the prior year, the revenues  are over by $3k.  Compared to the projected  budget, the revenues are below by $225k or  15%.  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, Transportation  division’s capital investment program  reimbursements, and Maintenance division’s  street maintenance reimbursements.  The  budget variance is due to January and  February maintenance activity that was not  recorded in those months and was corrected in March.  The City projects interfund service revenues to be under budget by  year‐end.      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 following page  breaks down these fines by type.  The  year‐to‐date total fines and penalties is  $1.2 million.  This is $42k or 3% lower than  a year ago and also $46k or 4% below the  budget.  The City is projecting fines and  penalties to be under budget at year‐end.  2011 2012 2012 Actual Budget Actual $ % $ % Jan 258,617$      304,661$      237,384$      (21,232)$      ‐8% (67,277)$      ‐22% Feb 251,772         296,598         234,758         (17,014)         ‐7% (61,840)         ‐21% Mar 269,526         317,513         271,071         1,545            1% (46,442)         ‐15% Apr 249,538         293,966         253,070         3,532            1% (40,897)         ‐14% May 255,425         300,902         291,941         36,516         14% (8,961)            ‐3% Jun 234,878         276,697         ‐                      Jul 238,262         280,683         ‐                      Aug 229,627         270,511         ‐                      Sep 237,006         279,203         ‐                      Oct 270,340         318,472         ‐                      Nov 266,859         314,371         ‐                      Dec 308,654         363,607         ‐                      YTD  Total 1,284,878$  1,513,641$  1,288,224$  3,345$         0% (225,417)$   ‐15% Annual Total 3,070,506$  3,617,185$   2012 vs. Budget Month Interfund Services Year  to Date through May 2012 vs. 2011 2011 2012 2012 Actual Budget Actual $ % $ % Jan 165,721$      169,834$      183,478$      17,757$      11% 13,644$      8% Feb 261,655         262,221         238,928         (22,727)        ‐9% (23,293)        ‐9% Mar 313,067         314,171         241,678         (71,389)         ‐23% (72,493)         ‐23% Apr 289,767         288,252         276,301         (13,466)        ‐5% (11,952)        ‐4% May 255,949         255,826         303,583         47,634         19% 47,757         19% Jun 262,444         261,662          Jul 247,468         249,471          Aug 184,473         189,735          Sep 181,000         185,846          Oct 300,431         385,882          Nov 297,580         299,240          Dec 352,911         352,016          YTD  Total 1,286,157$  1,290,304$  1,243,967$  (42,190)$     ‐3% (46,337)$     ‐4% Annual Total 3,112,464$  3,214,156$   Month 2012 vs. Budget2012 vs. 2011 Year to Date through May Fines  and Penalties by Month 2011 2012 2012 Actual Budget Actual $ % $ % Jan 61,933$         68,872$         62,072$         138$              0% (6,800)$         ‐10% Feb 82,497            91,739            59,327            (23,170)         ‐28% (32,412)         ‐35% Mar 99,537            110,688         104,775         5,238            5% (5,913)            ‐5% Apr 153,717         170,938         137,257         (16,460)         ‐11% (33,681)         ‐20% May 134,113         149,138         139,013         4,900            4% (10,125)         ‐7% Jun 144,083         160,224         ‐                      Jul 211,388         235,070         ‐                      Aug 254,060         282,523         ‐                      Sep 142,253         158,189         ‐                      Oct 83,540            92,899            ‐                      Nov 77,528            86,214            ‐                      Dec 48,890            54,368            ‐                      YTD  Total 531,798$      591,375$      502,444$      (29,353)$      ‐6% (88,931)$      ‐15% Annual Total 1,493,540$  1,660,863$   Recreation Year  to Date through May 2012 vs. Budget2012 vs. 2011 Month Page 7 of 36 Monthly Financial Report May 2012      Year  to Date through May 2011 2012 2012 Actual Budget Actual $ % $ % Civil Penalties 5,061$            7,082$            3,429$            (1,632)$         ‐32% (3,653)$         ‐52% Civil Infraction Penalties 277,243         297,428         221,129         (56,114)         ‐20% (76,299)         ‐26% Civil Parking Infraction Penalties 42,558            46,414            40,626            (1,932)            ‐5% (5,788)            ‐12% Photo Enforcement Program 862,498         883,827         869,725         7,228            1% (14,101)         ‐2% Criminal Traffic  Misdemeanor Fines 39,410            35,677            33,311            (6,099)            ‐15% (2,366)            ‐7% Criminal Non‐Traffic  Fines 11,882            15,270            10,636            (1,246)            ‐10% (4,634)            ‐30% Criminal Costs 47,426            4,477               46,785            (641)                ‐1% 42,309         945% Seizure  Funds ‐ Federal/State/Local ‐                     ‐                     17,904            17,904         100% 17,904         100% Non‐Court Fines, Forfeitures  and Penalties 80                       131                    423                    343                 428% 292                 223% YTD  Total 1,286,157$  1,290,304$  1,243,967$  (42,190)$     ‐3% (46,337)$     ‐4% Annual Total 3,112,464$  3,214,156$   2012 vs. 2011 Revenue 2012 vs. Budget Fines  and Penalties by Type       Included in the Fines and Penalties revenue budget is  $1.9 million from the Photo Enforcement program.   The budget was based on the prior year’s revenue.   The year‐to‐date collections from this program  equates to $870k.  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 68%  of the total revenue in this category.   The year‐to‐date total miscellaneous is  $638k.  Compared to last year, the  revenues are over by $154k or 32%.   Compared to the projected year‐to‐ date budget, the revenues are over by  $241k or 61%.  The table on the next  page breaks out miscellaneous  revenues by type:    Favorable Budget Actual Budget Actual (Unfavorable) 1 Jan 169,793$      183,453$      76,201$        68,003$      115,449$         Feb 167,986         147,252         76,693           67,808         79,444               Mar 203,098         144,853         76,201           67,639         77,215               Apr 181,989         178,542         53,048           64,815         113,727            May 160,960         215,625         71,882           67,979         147,645            Jun 180,018          ‐                     71,871            ‐                  ‐                        Jul 155,574         ‐                     72,275           ‐                  ‐                        Aug 98,678            ‐                     56,688           ‐                  ‐                        Sep 83,853            ‐                     71,527           ‐                  ‐                        Oct 145,798         ‐                     71,420           ‐                  ‐                        Nov 211,430         ‐                     71,884           ‐                  ‐                        Dec 185,536         ‐                     72,273           ‐                  ‐                        YTD  Total 883,827$      869,725$      354,025$     336,245$   533,480$         Annual Total 1,944,713$  841,964$      1Actuals  of Revenues  and Expenses Expenses Photo Enforcement  Program Year to Date through May Month Revenues 2011 2012 2012 Actual Budget Actual $ % $ % Jan 143,105$      128,421$      206,151$      63,046$      44% 77,730$      61% Feb 70,237            46,979            83,823            13,585         19% 36,844         78% Mar 99,131            77,952            104,421         5,289            5% 26,469         34% Apr 74,048            58,040            98,164            24,115         33% 40,123         69% May 97,083            85,456            145,213         48,130         50% 59,757         70% Jun 145,018         113,666          Jul 173,878         118,884          Aug 133,570         99,673             Sep 97,973            76,252             Oct 75,425            61,811             Nov 77,427            67,662             Dec 163,299         164,402          YTD  Total 483,606$      396,848$      637,771$      154,166$   32%240,923$   61% Annual Total 1,350,195$  1,099,199$   Year  to Date through May Month 2012 vs. Budget2012 vs. 2011 Miscellaneous Revenues  by Month Page 8 of 36 Monthly Financial Report May 2012      2011 2012 2012 Actual Budget Actual $ % $ % Interests  and Other Earnings 36,181$         42,331$         39,929$         3,747$         10% (2,402)$         ‐6% Rents, Leases, and Concessions 327,189         308,137         392,552         65,363         20% 84,415         27% Contributions/Donations  from  Private Sources 51,317            21,275            63,791            12,475         24% 42,516         200% Other 68,919            25,106            141,500         72,580         105% 116,394      464% YTD  Total 483,606$      396,848$      637,771$      154,166$   32% 240,923$   61% Annual Total 1,350,195$  1,099,199$   2012 vs. Budget Miscellaneous Revenues by Type Year to Date through May Revenue 2012 vs. 2011     Rents, leases and concessions are higher than the prior year and budget due to higher than expected facility rentals at the  community center and food concession payments at Coulon Park.    Contributions and donations from private sources are favorable due to higher than expected donations.    Other miscellaneous revenues are higher than the prior year and budget due to higher than expected utility late payment  penalties.      EXPENSES  Overall the City has expended 38% of its budgeted general governmental expenditures at the end of May.  This is $171k or  0.4% below year‐to‐date budgeted expenditures.  See below for summary of unfavorable items for general governmental  departments.    City Attorney Department is over budget by $2k or 0.2%.  This is mainly due to over spending on contracted services and  publications and under spending in salaries/benefits and supplies.    Police Department is over budget by $85k or 0.8%.  This is due to over spending salaries/benefits and intergovernmental  services and under spending on supplies/small tools and professional services.    Fire and Emergency Services Department is over budget by $432k or 4.2%.  $134k of this amount is due to the timing of  capital equipment purchased in 2012 compared to 2011 and 2010.  The remaining $298k is mainly due to over spending on  regular salaries/benefits ($53k), overtime ($40k), supplies ($85k), and intergovernmental ($61k).       Page 9 of 36 Monthly Financial Report May 2012      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 ‐                 ‐             ‐                 ‐               16,760         14,600       ‐               Grants  / intergovernmental 109,223          ‐             107,838          52,524         ‐               484,273     ‐               Charges  for services 51,511            601,363     6,267,742       5,273,386    3,456,094    3,259,459  5,574,815    Interdepartmental  services ‐                 ‐             3,442              127,054       119,525       251,816     ‐               Fines  and penalties ‐                 ‐             ‐                 ‐               ‐               ‐             ‐               Rents, leases, and misc fees 950,345          106,998     30,965            53,016         ‐               ‐             ‐               Interest and other misc 3,741              1,696         10,485            99,670         282,163       134,072     1,817           TOTAL REVENUES 1,114,820       710,057     6,420,471       5,605,650    3,874,542    4,144,220  5,576,632    EXPENSES: Utility billing ‐                 ‐             44,319            44,553         31,168         46,975       ‐               Utility systems ‐                 ‐             5,426,937       1,130,490    1,045,657    927,663     ‐               Utility maintenance ‐                 ‐             119,153          1,931,856    580,389       754,599     5,385,069    Transportation 561,090          ‐             ‐                 ‐               ‐               ‐             ‐               Golf ‐                 715,554     ‐                 ‐               ‐               ‐             ‐               TOTAL EXPENSES 561,090          715,554     5,590,409       3,106,899    1,657,214    1,729,237  5,385,069    AMOUNT AVAILABLE FOR DEBT SERVICE 553,730          (5,497)        830,062          2,498,751    2,217,328    2,414,983  191,563       DEBT SERVICE: Principal ‐                 ‐             ‐                 ‐               ‐               ‐             ‐               Interest and other debt service costs ‐                 ‐             ‐                 ‐               ‐               ‐             ‐               TOTAL DEBT SERVICE ‐                 ‐             ‐                 ‐               ‐               ‐             ‐               CAPITAL  PROJECTS 262,225          17,682       ‐                 460,398       669,584       1,161,247  ‐               TRANSFERS IN/(OUT)‐                 ‐             ‐                 ‐               ‐               ‐             ‐               CH ANGE IN FUND BALANCE 291,505          (23,179)      830,062          2,038,353    1,547,744    1,253,736  191,563       BEGINNING FUND BALANCE, January 1, 2012 2,084,710       615,488     1,734,734       7,642,506    1,209,356    4,210,599  1,077,805    ENDING FUND BALANCE, May 31, 2012 2,376,215       592,309     2,564,796       9,680,859    2,757,100    5,464,335  1,269,368      Page 10 of 36 Monthly Financial Report May 2012      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 ‐            35,285         ‐              ‐                       ‐               ‐                ‐             Grants  / intergovernmental ‐            26,299        1,915           ‐                       ‐               ‐               43,637        Charges  for services Equipment rental  m&o 915,773     881,870       ‐              ‐                       ‐               ‐                ‐             Telecommunications ‐            77,658         ‐              ‐                       ‐               ‐                ‐             Print and mail ‐            44,444         ‐             165,470                ‐               ‐                ‐             Communications ‐             ‐               ‐             246,388                ‐               ‐                ‐             Facilities ‐             ‐              1,738,950    ‐                       ‐               ‐                ‐             Data  cards  and cell  phones ‐            62,555        ‐             ‐                      ‐              ‐                ‐             IT service contracts ‐            131,700      ‐             ‐                      ‐              ‐                ‐             Geographical  information systems ‐            82,018        ‐             ‐                      ‐              ‐                ‐             Interest and other misc 7,340         3,360          799             278                      9,744           11,801         9,055          Internal service fund misc: Vehicle  / equipment capital  recovery 399,806     392,816      ‐             ‐                      ‐              ‐                ‐             Insurance premiums ‐            ‐              ‐             ‐                      651,725       ‐                ‐             Worker's  compensation  / unemployment ‐            ‐              ‐             ‐                      560,595       ‐                ‐             Benefit premiums ‐            ‐              ‐             ‐                      ‐              4,598,360    920,246      Other misc 916            126             2,591          126                      199              297,310       ‐             Capital  contributions ‐            ‐              ‐             ‐                      ‐              ‐                ‐             Disposal  of capital  assets ‐            ‐              ‐             ‐                      ‐              ‐                ‐             Insurance recoveries ‐            ‐              ‐             ‐                      28,494         8,758           130             TOTAL REVENUES 1,323,835  1,738,131   1,744,254   412,262               1,250,757    4,916,229    973,068      EXPENSES: Communications 190,320                Equipment rental 1,019,490   Facilities 1,427,347    Healthcare 4,568,810     Information technology 1,243,461    Print and mail 161,904                Retiree  healthcare 590,648      Risk management Risk management 927,854        Unemployment 84,107          Worker's  compensation 427,402        TOTAL EXPENSES 1,019,490  1,243,461   1,427,347   352,224               1,439,363    4,568,810    590,648      AMOUNT AVAILABLE FOR CAPITAL 304,345     494,670      316,907      60,038                 (188,606)     347,419       382,420      CAPITAL PROJECTS 634,143     443,125      58,249        ‐                      ‐              ‐                ‐             TRANSFERS IN ‐            ‐              37,782        ‐                      ‐              ‐                ‐             TRANSFERS (OUT)‐            ‐              ‐             ‐                      ‐              ‐                ‐             CHANGE  IN FUND BALANCE (329,798)   51,545        296,440      60,038                 (188,606)     347,419       382,420      BEGINNING FUND BALANCE, January 1, 2012 4,774,376  2,181,743   300,238      141,120               6,620,437    7,133,996    5,479,399   ENDING FUND BALANCE, May 31, 2012 4,444,578  2,233,288   596,678      201,158               6,431,831    7,481,415    5,861,819   Page 11 of 36 Monthly Financial Report May 2012      FUND BALANCE  Page 13 shows the ending fund balance as of May 2012.  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 May, the City has $18.2 million reported in the combined general governmental fund balance of the current  year’s operating budget, which is approximately 18% of budgeted operating expenditures.  This is an increase of $7.2  million from the year’s beginning balance.  May’s ending fund balance is over the anticipated General Governmental Fund  Balance of $17.4 million by $869k or 5%.  Although the ending fund balance is above projections, it is consistent with the  prior years’ trends since the City receipted the first half of 2012 property taxes in April/May and will receipt the 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 May 2012      City  of Renton All Funds ‐ Revenue, Expenditures and Fund Balances Cash  Basis through May 31, 2012 Funds Balance  01/01/2012 Budgeted  Revenue Revenue  05/31/12 Total Funds   Available Budgeted  Expenditure Expenditure  05/31/12 Ending   Balance GENERAL GOVERNMENT FUNDS:11,057,551       101,953,223   46,051,336     57,108,887         102,353,876       38,877,391          18,231,496     000 General 6,934,747         74,313,431     36,074,220     43,008,967         75,353,069         30,539,707          12,469,260     001 Community Services 1,413,050         11,302,259     4,200,666       5,613,716           11,126,074         3,853,676            1,760,040       003 Street 1,264,341         8,953,479       3,299,397       4,563,738           8,492,917           3,331,726            1,232,013       004 Community Dev Block Grant 8,339                305,961          73,144            81,483                303,281              116,813               (35,330)          005 Museum 52,620              216,220          216,421          269,041              213,533              90,015                 179,027          006 Library 48,603              230,000          230,040          278,643              230,000              61,106                 217,537          009 Farmers  Market 87,437              75,500            26,181            113,618              78,629                26,372                 87,246            010 Fire  Memorial 1,953                ‐                      (1,952)            1                         ‐                          ‐                          1                     011 Fire  Health & Wellness 36,858              25,000            10,687            47,545                25,000                1,591                   45,953            031 Pa rk  Memorial 177,758             ‐                      279                 178,037               ‐                           ‐                          178,037          201 Ltd  GO Bonds  Gen Govt Debt 591,257            1,982,075       680,553          1,271,810           1,982,075           359                      1,271,451       215 Gen Govt Misc Debt Service 440,588            4,549,298       1,241,698       1,682,286           4,549,298           856,026               826,260          SPECIAL REVENUE FUNDS: 102 Arterial  Street 158,974            600,000          239,333          398,307              600,000              ‐                          398,307          108 Leased  City Properties 488,500            844,049          236,033          724,533              749,232              234,633               489,900          110 Hotel  Motel 243,556            265,000          143,696          387,252              442,050              296,644               90,608            118 Reserve  for Paths  & Trails 3,314                 ‐                      5                     3,319                   ‐                           ‐                          3,319              125 1% For Art 121,686            32,813            191                 121,877              50,000                86                        121,791          127 Cable  Communication 185,968            85,000            66,388            252,356              235,674              9,182                   243,174          135 Springbrook Wetlands  Bank 663,556            ‐                      1,043              664,599              ‐                          ‐                          664,599          DEBT SERVICE FUNDS: 219 1989 Unlimited GO Bonds ‐                        ‐                      ‐                     ‐                          ‐                          ‐                          ‐                     CAPITAL PROJECT FUNDS (CIP): 303 Community Dev Mitigation 1,475,050         60,000            8,162              1,483,212           400,000              ‐                          1,483,212       304 Fire  Mitigation 1,492,674         100,000          10,734            1,503,408           536,926              ‐                          1,503,408       305 Transportation  Mitigation 657,187            100,000          14,214            671,401              450,000              ‐                          671,401          316 Municipal Facilities CIP 3,745,546         2,928,009       523,236          4,268,782           6,337,982           791,837               3,476,945       317 Transportation  CIP 3,422,219         26,755,575     2,253,540       5,675,759           30,135,972         5,158,149            517,610          318 So Lake  WA Infrastructure  Proj 52,792              ‐                      82                   52,874                52,024                441                      52,433            326 Housing Opportunity 130,546            ‐                      2,136              132,682              125,000              50,000                 82,682            336 New Library Development 19,196,447       ‐                      28,188            19,224,635         19,196,447         276,505               18,948,130     ENTERPRISE FUNDS: 402 Airport 494,718            1,299,150       823,113          1,317,831           1,307,780           561,090               756,741          403 Solid Waste Utility 1,734,734         15,021,811     6,420,471       8,155,205           15,014,481         5,590,409            2,564,796       404 Golf Course 379,997            2,483,545       709,666          1,089,663           2,492,204           757,223               332,440          422 Airport Capital 1,589,992         4,149,219       291,708          1,881,700           5,639,211           262,225               1,619,475       424 Golf Course  Capital 235,491            50,000            42,059            277,550              145,000              17,682                 259,868          INTERNAL SERVICE FUNDS: 501 Equipment Repair/Replacement 4,774,376         3,190,893       1,323,836       6,098,212           3,979,127           1,653,633            4,444,579       502 Insurance 6,620,437         3,187,593       1,250,757       7,871,194           3,134,079           1,439,363            6,431,831       503 Information Services 2,181,743         4,126,173       1,738,131       3,919,874           5,959,686           1,686,586            2,233,288       504 Facilities 300,238            4,334,952       1,782,036       2,082,274           4,389,399           1,485,596            596,678          505 Communications 141,120            974,307          412,263          553,383              991,015              352,224               201,159          512 Insurance, Healthcare 7,133,996         12,014,224     4,916,228       12,050,224         11,996,739         4,568,810            7,481,414       522 Insurance, Leoff1 Retirees HC 5,479,399         2,235,684       973,069          6,452,468           2,262,573           590,648               5,861,820       FIDUCIARY FUNDS: 611 Firemen's  Pension 4,377,696         300,000          122,540          4,500,236           550,475              105,678               4,394,558       Funds Balance  01/01/2012 Budgeted  Revenue Revenue  05/31/12 Total Funds   Available Budgeted  Expenditure Expenditure  05/31/12 Ending   Balance ENTERPRISE FUNDS: COMBINED  UTILITIES 14,140,266       49,406,145     19,201,045     33,341,311         52,104,452         14,169,649          19,171,662     405 Water Utility 3,993,415         11,106,460     4,873,969       8,867,384           10,689,883         3,106,899            5,760,485       406 Waste Water Utility 685,178            5,888,574       2,855,966       3,541,144           5,130,805           1,657,215            1,883,929       407 Surface Water Utility 1,625,915         5,637,563       2,929,269       4,555,184           5,479,377           1,729,237            2,825,947       416 King  County Metro 1,077,805         13,209,387     5,576,632       6,654,437           13,209,387         5,385,069            1,269,368       425 Water Utility Construction 3,633,246         5,369,215       731,656          4,364,902           7,085,000           460,398               3,904,504       426 Waste Water Construction 524,178            3,310,000       1,018,577       1,542,755           3,710,000           669,584               873,171          427 Surface Water Construction 2,584,684         4,884,946       1,214,951       3,799,635           6,800,000           1,161,247            2,638,388       461 Waterworks  Bond Reserve ‐                         ‐                       ‐                      ‐                           ‐                           ‐                           ‐                     471 Waterworks  Rate  Stabilization 15,845               ‐                      25                   15,870                 ‐                           ‐                          15,870            481 Future W/S Bond Proceeds ‐                         ‐                       ‐                      ‐                           ‐                           ‐                           ‐                     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 2012 Budget Year General Government Summary  Revenues Expenditures  $ Difference over (under)  w/beginning  balance  11,057,551             January 5,169,136              6,667,414              (1,498,278)             9,559,274               February 10,715,775            15,284,017            (4,568,242)             6,489,309               March 16,218,914            22,281,867            (6,062,953)             4,994,598               April 32,180,045            31,242,984            937,061                  11,994,612             May 46,051,336            38,877,391            7,173,945              18,231,496             June July August September October November December 2,000,000  3,000,000  4,000,000  5,000,000  6,000,000  7,000,000  8,000,000  9,000,000  60,000,000  70,000,000  80,000,000  90,000,000  100,000,000  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) (3,000,000) (2,000,000) (1,000,000) ‐ 1,000,000  ‐ 10,000,000  20,000,000  30,000,000  40,000,000  50,000,000  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Page 14 of 36 City of Renton Monthly Revenue Analysis ‐ 2012 Budget Year General  Government Budget YTD Actual Annual %  over (under) Jan 5,193,603        5,169,136         ‐0.47% Feb 10,686,507      10,715,775      0.27% Mar 16,252,798      16,218,914       ‐0.21% Apr 29,859,544      32,180,045      7.77% May 45,353,538      46,051,336      1.54% Jun 50,376,674       Jul 56,233,771       Aug 61,400,749       Sep 67,616,464       Oct 80,931,224       Nov 95,779,144       Dec 101,953,223     Percent of budget 45.17% YTD Annual %  $‐ $10  $20  $30  $40  $50  $60  $70  $80  $90  $100  $110  Millions Total Revenue General Government Budget Actual Last Year $33 Millions Property Tax Property Tax Budget Actual over (under) Jan 255,343           149,112            ‐41.60% Feb 572,253           234,689            ‐58.99% Mar 1,247,748        1,115,068         ‐10.63% Apr 9,024,212        11,127,076      23.30% May 17,133,271      17,258,526      0.73% Jun 17,231,849       Jul 17,337,932       Aug 17,422,058       Sep 17,843,166       Oct 24,750,333       Nov 32,724,934       Dec 32,896,746       Percent of budget 52.46% $‐ $3  $6  $9  $12  $15  $18  $21  $24  $27  $30  $33  Budget Actual Last Year Page 15 of 36 City of Renton Monthly Revenue Analysis ‐ 2012 Budget Year Sales Tax Budget YTD Actual Annual %  over (under) Jan 1,552,198        1,493,022         ‐3.81% Feb 3,549,657        3,645,170        2.69% Mar 5,080,681        5,103,858        0.46% Apr 6,625,498        6,637,123        0.18% May 8,384,823        8,425,848        0.49% Jun 9,969,656         Jul 11,554,021       Aug 13,258,722       Sep 14,907,971       Oct 16,615,185       Nov 18,322,808       Dec 19,965,647       Percent of budget 42.20% Note:  Excludes CJ Sales Tax and Natural Gas Use Tax. YTD Annual %  $‐ $3  $6  $9  $12  $15  $18  $21  Millions Sales Tax Budget Actual Last Year $16 Millions Utility Tax Utility Tax Budget Actual over (under) Jan 1,423,448        1,469,178        3.21% Feb 2,936,432        2,981,716        1.54% Mar 4,482,830        4,420,232         ‐1.40% Apr 5,916,252        5,804,472         ‐1.89% May 7,266,402        7,198,580         ‐0.93% Jun 8,522,519         Jul 9,762,636         Aug 10,979,816       Sep 12,205,670       Oct 13,458,742       Nov 14,740,056       Dec 16,155,203       Percent of budget 44.56% Note:  Includes Natural Gas Use Tax. $0  $2  $4  $6  $8  $10  $12  $14  $16  Budget Actual Last Year Page 16 of 36 City of Renton Monthly Revenue Analysis ‐ 2012 Budget Year Licenses &  Permits Budget YTD Actual Annual %  over (under) Jan 179,209           218,837           22.11% Feb 303,772           388,194           27.79% Mar 495,614           595,917           20.24% Apr 721,466           863,503           19.69% May 883,222           1,050,245        18.91% Jun 1,025,529         Jul 1,257,216         Aug 1,551,253         Sep 1,768,424         Oct 2,019,748         Nov 2,211,675         Dec 2,403,331         Percent of budget 43.70% Note:  Includes Fund 318. YTD Annual % Millions Intergovernmental $‐ $0.30  $0.60  $0.90  $1.20  $1.50  $1.80  $2.10  $2.40  $2.70  Millions Licenses & Permits Budget Actual Last Year Intergovt'l Budget Actual over (under) Jan 401,119           462,865           15.39% Feb 915,032           1,007,561        10.11% Mar 1,358,397        1,389,752        2.31% Apr 2,396,197        2,492,260        4.01% May 5,070,068        5,142,362        1.43% Jun 5,704,047         Jul 6,274,151         Aug 6,846,397         Sep 7,304,354         Oct 8,667,288         Nov 11,085,774       Dec 12,235,154       Percent of budget 42.03% Note:  Includes CJ Sales Tax. $‐ $1  $2  $3  $4  $5  $6  $7  $8  $9  $10  $11  $12  $13  $14  Millions Budget Actual Last Year Page 17 of 36 City of Renton Monthly Revenue Analysis ‐ 2012 Budget Year Charges for  Services Budget YTD Actual Annual %  over (under) Jan 433,277           374,426            ‐13.58% Feb 910,731           788,975            ‐13.37% Mar 1,454,233        1,308,436         ‐10.03% Apr 2,045,308        1,886,483         ‐7.77% May 2,644,071        2,493,978         ‐5.68% Jun 3,207,813         Jul 3,864,078         Aug 4,567,070         Sep 5,140,570         Oct 5,652,987         Nov 6,159,124         Dec 6,691,060         Percent of budget 37.27% Fines & YTD Annual %  $‐ $1  $2  $3  $4  $5  $6  $7  Millions Charges for Services Budget Actual Last Year Millions Fines & Forfeits Forfeits Budget Actual over (under) Jan 169,834           183,478           8.03% Feb 432,054           424,528            ‐1.74% Mar 746,225           668,907            ‐10.36% Apr 1,034,478        947,879            ‐8.37% May 1,290,304        1,254,303         ‐2.79% Jun 1,551,967         Jul 1,801,437         Aug 1,991,172         Sep 2,177,018         Oct 2,562,900         Nov 2,862,140         Dec 3,214,156         Percent of budget 39.02% $‐ $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 ‐ 2012 Budget Year Other Taxes Budget YTD Actual Annual %  over (under) Jan 650,754           612,068            ‐5.94% Feb 891,088           954,879           7.16% Mar 1,133,369        1,216,856        7.37% Apr 1,766,475        1,919,894        8.69% May 2,266,200        2,445,811        7.93% Jun 2,634,402         Jul 3,734,486         Aug 4,036,711         Sep 4,321,021         Oct 5,136,095         Nov 5,537,000         Dec 6,050,976         Percent of budget 40.42% YTD Annual % Millions Miscellaneous $0  $1  $2  $3  $4  $5  $6  $7  Millions Other Taxes Budget Actual Last Year Misc Budget Actual over (under) Jan 128,421           206,151           60.53% Feb 175,400           289,974           65.32% Mar 253,352           394,394           55.67% Apr 311,392           492,558           58.18% May 396,848           637,771           60.71% Jun 510,515            Jul 629,398            Aug 729,072            Sep 805,324            Oct 867,135            Nov 934,797            Dec 1,099,199         Percent of budget 58.02% $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60 Budget Actual Last Year Page 19 of 36 City of Renton Monthly Revenue Analysis ‐ 2012 Budget Year Other  Financing Budget YTD Actual Annual %  over (under) Jan ‐                          ‐                         N/A Feb 87                     90                     3.21% Mar 348                   5,494                1478.88% Apr 18,266              8,797                 ‐51.84% May 18,328              143,912           685.20% Jun 18,378               Jul 18,415               Aug 18,477               Sep 1,142,946         Oct 1,200,811         Nov 1,200,836         Dec 1,241,752         Percent of budget 11.59% YTD Annual % Millions Real Estate Excise Tax $‐ $2.00  $4.00  $6.00  $8.00  $10.00  $12.00  Millions Other Financing Sources Budget Actual Last Year REET Budget Actual over (under) Jan 158,072           77,631               ‐50.89% Feb 255,393           291,768           14.24% Mar 393,741           495,352           25.81% Apr 502,119           690,220           37.46% May 655,898           943,666           43.87% Jun 879,012            Jul 993,789            Aug 1,149,532         Sep 1,350,432         Oct 1,535,639         Nov 1,863,587         Dec 2,025,000         Percent of budget 46.60% $‐ $0.50  $1.00  $1.50  $2.00  $2.50  Millions Budget Actual Last Year Page 20 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year General  Government Budget YTD Actual Annual %  over (under) Jan 7,260,682        6,667,414         ‐8.17% Feb 15,677,774      15,284,017       ‐2.51% Mar 22,981,905      22,281,867       ‐3.05% Apr 31,722,363      31,242,984       ‐1.51% May 39,048,870      38,877,391       ‐0.44% Jun 50,333,706       Jul 59,118,853       Aug 67,850,124       Sep 76,521,326       Oct 84,769,735       Nov 93,132,969       Dec 102,353,876     Percent of budget expended 37.98% 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 23,052              21,995               ‐4.59% Feb 47,250              45,516               ‐3.67% Mar 71,106              68,811               ‐3.23% Apr 94,952              91,998               ‐3.11% May 118,463           115,568            ‐2.44% Jun 142,332            Jul 166,209            Aug 189,913            Sep 213,507            Oct 235,771            Nov 259,647            Dec 284,087            Percent of budget expended 40.68% $‐ $50,000  $100,000  $150,000  $200,000  $250,000  $300,000  Budget Actual Last Year Page 21 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Executive Budget YTD Actual Annual %  over (under) Jan 115,566           75,851               ‐34.37% Feb 234,736           193,315            ‐17.65% Mar 352,251           312,540            ‐11.27% Apr 476,167           427,410            ‐10.24% May 597,036           545,056            ‐8.71% Jun 714,061            Jul 838,503            Aug 949,052            Sep 1,083,306         Oct 1,204,110         Nov 1,318,583         Dec 1,468,694         Percent of budget expended 37.11% Hearing YTD Annual %  $‐ $0.30  $0.60  $0.90  $1.20  $1.50  $1.80  Millions Executive Budget Actual Last Year $180 000 Hearing Examiner Examiner Budget Actual over (under) Jan 8,732                1,731                 ‐80.18% Feb 15,470              3,485                 ‐77.47% Mar 20,317              16,343               ‐19.56% Apr 25,330              21,235               ‐16.17% May 30,687              27,252               ‐11.19% Jun 36,506               Jul 42,088               Aug 47,349               Sep 53,136               Oct 58,229               Nov 65,292               Dec 71,025               Percent of budget expended 38.37% $‐ $30,000  $60,000  $90,000  $120,000  $150,000  $180,000  Budget Actual Last Year Page 22 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year City Attorney Budget YTD Actual Annual %  over (under) Jan 135,939           136,926           0.73% Feb 280,202           277,093            ‐1.11% Mar 419,912           419,219            ‐0.16% Apr 560,129           563,552           0.61% May 698,477           700,106           0.23% Jun 838,962            Jul 978,014            Aug 1,116,943         Sep 1,255,965         Oct 1,386,265         Nov 1,523,461         Dec 1,668,686         Percent of budget expended 41.96% YTD Annual % $2 20 Millions Court Services $‐ $0.40  $0.80  $1.20  $1.60  Millions City Attorney Budget Actual Last Year Court Services Budget Actual over (under) Jan 174,964           166,993            ‐4.56% Feb 344,821           334,252            ‐3.06% Mar 521,572           504,905            ‐3.20% Apr 698,400           674,406            ‐3.44% May 871,345           860,008            ‐1.30% Jun 1,069,741         Jul 1,252,611         Aug 1,433,492         Sep 1,617,436         Oct 1,784,453         Nov 1,963,784         Dec 2,155,819         Percent of budget expended 39.89% $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60  $1.80  $2.00  $2.20  Budget Actual Last Year Page 23 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year CED Admin Budget YTD Actual Annual %  over (under) Jan 77,315              79,562              2.91% Feb 159,341           159,405           0.04% Mar 239,050           239,249           0.08% Apr 318,760           322,177           1.07% May 398,469           399,357           0.22% Jun 478,179            Jul 557,987            Aug 637,894            Sep 717,523            Oct 794,989            Nov 873,950            Dec 952,912            Percent of budget expended 41.91% Development YTD Annual %  $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  Millions Community & Economic Development Admin Budget Actual Last Year Millions Development Services Services Budget Actual over (under) Jan 308,456           239,412            ‐22.38% Feb 598,589           477,272            ‐20.27% Mar 886,050           715,648            ‐19.23% Apr 1,171,262        959,516            ‐18.08% May 1,475,822        1,208,953         ‐18.08% Jun 1,747,643         Jul 2,032,811         Aug 2,290,533         Sep 2,593,698         Oct 2,863,779         Nov 3,141,884         Dec 3,434,929         Percent of budget expended 35.20% $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  Millions Budget Actual Last Year Page 24 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Economic  Development Budget YTD Actual Annual %  over (under) Jan 59,421              51,733               ‐12.94% Feb 124,792           115,634            ‐7.34% Mar 178,769           164,809            ‐7.81% Apr 237,200           209,460            ‐11.69% May 304,084           255,933            ‐15.83% Jun 366,115            Jul 430,836            Aug 487,814            Sep 561,518            Oct 620,200            Nov 686,272            Dec 753,765            Percent of budget expended 33.95% YTD Annual %  $‐ $0.10  $0.20  $0.30  $0.40  $0.50  $0.60  $0.70  $0.80  Millions Economic Development Budget Actual Last Year Millions Planning Planning Budget Actual over (under) Jan 111,447           121,734           9.23% Feb 242,600           245,831           1.33% Mar 344,794           377,067           9.36% Apr 461,325           493,399           6.95% May 568,088           616,222           8.47% Jun 719,930            Jul 836,707            Aug 990,965            Sep 1,160,034         Oct 1,277,610         Nov 1,377,062         Dec 1,516,719         Percent of budget expended 40.63% $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60  $1.80  Millions Budget Actual Last Year Page 25 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Finance Budget YTD Actual Annual %  over (under) Jan 149,357           152,157           1.87% Feb 299,349           312,270           4.32% Mar 452,396           476,115           5.24% Apr 602,531           635,592           5.49% May 766,386           813,293           6.12% Jun 922,974            Jul 1,070,091         Aug 1,235,336         Sep 1,414,702         Oct 1,554,314         Nov 1,696,851         Dec 2,161,836         Percent of budget expended 37.62% YTD Annual % $0 80 Millions City Clerk $‐ $0.40  $0.80  $1.20  $1.60  $2.00  $2.40  Millions Finance Budget Actual Last Year City Clerk Budget Actual over (under) Jan 64,108              51,770               ‐19.25% Feb 125,530           111,173            ‐11.44% Mar 197,338           170,116            ‐13.79% Apr 357,645           226,333            ‐36.72% May 485,052           283,861            ‐41.48% Jun 548,623            Jul 613,605            Aug 677,277            Sep 742,449            Oct 863,525            Nov 930,561            Dec 1,002,105         Percent of budget expended 28.33% $‐ $0.20  $0.40  $0.60  $0.80  Budget Actual Last Year Page 26 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Human  Resources Budget YTD Actual Annual %  over (under) Jan 85,534              69,265               ‐19.02% Feb 160,543           145,615            ‐9.30% Mar 235,703           227,236            ‐3.59% Apr 306,383           299,810            ‐2.15% May 377,353           372,608            ‐1.26% Jun 458,275            Jul 539,353            Aug 617,162            Sep 695,139            Oct 771,451            Nov 853,247            Dec 946,956            Percent of budget expended 39.35% YTD Annual %  $‐ $0.20  $0.40  $0.60  $0.80  $1.00  Millions Human Resources Budget Actual Last Year $33 Millions Police Police Budget Actual over (under) Jan 2,247,759        1,905,016         ‐15.25% Feb 4,466,855        4,392,199         ‐1.67% Mar 6,695,875        6,307,019         ‐5.81% Apr 9,540,664        9,480,882         ‐0.63% May 11,609,004      11,693,746      0.73% Jun 15,284,797       Jul 17,916,322       Aug 20,406,918       Sep 22,942,085       Oct 25,357,122       Nov 27,888,227       Dec 30,555,217       Percent of budget expended 38.27% $‐ $3  $6  $9  $12  $15  $18  $21  $24  $27  $30  $33  Budget Actual Last Year Page 27 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Fire &  Emergency  Services Budget YTD Actual Annual %  over (under) Jan 1,926,514        1,891,121         ‐1.84% Feb 4,578,628        4,615,089        0.80% Mar 6,477,477        6,539,657        0.96% Apr 8,345,799        8,435,070        1.07% May 10,309,325      10,741,041      4.19% Jun 12,235,348       Jul 14,209,782       Aug 16,254,213       Sep 18,244,725       Oct 20,112,582       Nov 22,108,827       Dec 24,099,606       Percent of budget expended 44.57% Community YTD Annual %  $‐ $3  $6  $9  $12  $15  $18  $21  $24  Millions Fire & Emergency Services Budget Actual Last Year $0 45 Millions Community Services Admin Services Admin Budget Actual over (under) Jan 22,705              39,072              72.09% Feb 69,191              73,790              6.65% Mar 104,084           108,727           4.46% Apr 138,770           143,787           3.62% May 173,424           180,559           4.11% Jun 208,186            Jul 243,168            Aug 278,693            Sep 315,161            Oct 349,074            Nov 384,584            Dec 421,043            Percent of budget expended 42.88% $‐ $0.05  $0.10  $0.15  $0.20  $0.25  $0.30  $0.35  $0.40  $0.45  Budget Actual Last Year Page 28 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Parks Budget YTD Actual Annual %  over (under) Jan 262,517           274,545           4.58% Feb 559,300           551,290            ‐1.43% Mar 854,597           862,246           0.89% Apr 1,171,115        1,179,119        0.68% May 1,497,885        1,489,760         ‐0.54% Jun 1,853,057         Jul 2,222,702         Aug 2,589,857         Sep 2,973,223         Oct 3,348,621         Nov 3,709,562         Dec 4,045,762         Percent of budget expended 36.82% Parks Planning  and Natural YTD Annual %  $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  Millions Parks Budget Actual Last Year $0 60 Millions Parks Planning and Natural Resources Resources Budget Actual over (under) Jan 33,341              36,047              8.11% Feb 79,733              73,127               ‐8.29% Mar 130,026           124,284            ‐4.42% Apr 181,424           169,504            ‐6.57% May 243,305           223,491            ‐8.14% Jun 302,748            Jul 372,183            Aug 433,495            Sep 494,583            Oct 561,935            Nov 625,369            Dec 685,122            Percent of budget expended 32.62% $‐ $0.10  $0.20  $0.30  $0.40  $0.50  $0.60  Budget Actual Last Year Page 29 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Recreation Budget YTD Actual Annual %  over (under) Jan 359,441           304,539            ‐15.27% Feb 719,755           652,057            ‐9.41% Mar 1,091,168        999,673            ‐8.39% Apr 1,458,822        1,377,160         ‐5.60% May 1,839,738        1,750,284         ‐4.86% Jun 2,245,447         Jul 2,856,921         Aug 3,525,903         Sep 4,078,172         Oct 4,458,478         Nov 4,852,563         Dec 5,276,859         Percent of budget expended 33.17% Human YTD Annual % $1 40 Millions Human Services $‐ $1  $2  $3  $4  $5  $6  Millions Recreation Budget Actual Last Year Services Budget Actual over (under) Jan 53,571              58,787              9.74% Feb 115,249           130,666           13.38% Mar 191,090           266,033           39.22% Apr 373,425           409,836           9.75% May 474,159           478,640           0.95% Jun 539,264            Jul 716,044            Aug 792,431            Sep 859,537            Oct 1,005,515         Nov 1,095,976         Dec 1,277,487         Percent of budget expended 37.47% $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  Budget Actual Last Year Page 30 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Neighborhoods , Resources,  and Events Budget YTD Actual Annual %  over (under) Jan 42,811              41,419               ‐3.25% Feb 85,883              79,802               ‐7.08% Mar 129,550           129,143            ‐0.31% Apr 180,806           168,204            ‐6.97% May 230,302           209,582            ‐9.00% Jun 293,808            Jul 363,607            Aug 429,239            Sep 484,127            Oct 529,989            Nov 583,317            Dec 697,288            Percent of budget expended 30.06% YTD Annual % $2 50 Millions Library Fund $‐ $100,000  $200,000  $300,000  $400,000  $500,000  $600,000  $700,000  Neighborhoods, Resources, and Events Budget Actual Last Year Library Fund Budget Actual over (under) Jan 2,500                2,500                0.00% Feb 5,000                5,000                0.00% Mar 7,500                7,500                0.00% Apr 58,604              58,604              0.00% May 61,106              61,106              0.00% Jun 115,000            Jul 134,167            Aug 153,333            Sep 172,500            Oct 191,667            Nov 210,833            Dec 230,000            Percent of budget expended 26.57% $‐ $0.50  $1.00  $1.50  $2.00  $2.50  Budget Actual Last Year Page 31 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Museum Fund Budget YTD Actual Annual %  over (under) Jan 17,252              17,791              3.12% Feb 34,965              35,736              2.21% Mar 52,434              53,787              2.58% Apr 70,241              71,901              2.36% May 88,071              90,015              2.21% Jun 106,029            Jul 124,048            Aug 141,990            Sep 160,056            Oct 177,858            Nov 195,702            Dec 213,533            Percent of budget expended 42.15% Public Works YTD Annual % $0 60 Millions Public Works Admin $‐ $30,000  $60,000  $90,000  $120,000  $150,000  $180,000  $210,000  Museum Fund Budget Actual Last Year Admin Budget Actual over (under) Jan 38,441              39,864              3.70% Feb 77,369              79,440              2.68% Mar 116,179           119,164           2.57% Apr 154,878           158,967           2.64% May 193,891           197,642           1.93% Jun 232,725            Jul 271,807            Aug 311,339            Sep 350,878            Oct 388,230            Nov 426,925            Dec 465,889            Percent of budget expended 42.42% $‐ $0.20  $0.40  $0.60  Budget Actual Last Year Page 32 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Street  Maintenance Budget YTD Actual Annual %  over (under) Jan 279,287           285,940           2.38% Feb 611,900           614,685           0.46% Mar 918,371           935,153           1.83% Apr 1,215,152        1,217,508        0.19% May 1,515,424        1,525,151        0.64% Jun 1,821,797         Jul 2,128,792         Aug 2,447,569         Sep 2,764,011         Oct 3,088,569         Nov 3,403,987         Dec 3,728,945         Percent of budget expended 40.90% YTD Annual %  $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  Millions Street Maintenance Budget Actual Last Year $6 Millions Transportation Transportation Budget Actual over (under) Jan 347,406           288,400            ‐16.98% Feb 740,928           660,477            ‐10.86% Mar 1,157,753        1,000,881         ‐13.55% Apr 1,503,626        1,428,601         ‐4.99% May 1,890,393        1,806,575         ‐4.43% Jun 2,314,346         Jul 2,673,048         Aug 3,094,333         Sep 3,467,142         Oct 3,889,049         Nov 4,270,515         Dec 4,763,972         Percent of budget expended 37.92% $‐ $1  $2  $3  $4  $5  $6  Budget Actual Last Year Page 33 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Debt Service Budget YTD Actual Annual %  over (under) Jan ‐                          ‐                         N/A Feb 250,317           250,317           0.00% Mar 250,317           250,317           0.00% Apr 842,026           842,026           0.00% May 856,385           856,385           0.00% Jun 3,265,687         Jul 3,809,968         Aug 4,354,249         Sep 4,898,530         Oct 5,442,811         Nov 5,987,092         Dec 6,531,373         Percent of budget expended 13.11% Non‐ Departmental YTD Annual % $5 00 Millions Non‐Departmental Other City Services $‐ $2  $4  $6  $8  $10  $12  $14  $16  Millions Debt Service Budget Actual Last Year Other City Budget Actual over (under) Jan 313,245           313,245           0.00% Feb 649,480           649,480           0.00% Mar 886,227           886,227           0.00% Apr 1,176,929        1,176,929        0.00% May 1,375,197        1,375,197        0.00% Jun 1,472,124         Jul 1,717,478         Aug 1,962,832         Sep 2,208,186         Oct 2,453,540         Nov 2,698,894         Dec 2,944,248         Percent of budget expended 46.71% $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  $4.50  $5.00 Budget Actual Last Year Page 34 of 36 City of Renton Monthly Enterprise Fund Financial Report ‐ 2012 Budget Year Utilities Budget Revenue Expense Jan 3,475,799        4,860,643      3,270,986       Feb 8,418,801        9,712,888      7,451,062       Mar 14,051,183      15,372,251    11,393,139     Apr 18,326,955      20,105,679    15,700,049     May 22,684,083      25,621,490    19,760,057     Jun 31,272,421       Jul 36,738,457       Aug 41,485,486       Sep 47,210,495       Oct 52,849,867       Nov 58,237,289       Dec 67,118,933       Percent of budget expended 20.07% Note:  Operations and Capital $0 $10 $20 $30 $40 $50 $60 $70 $80 Millions Utilities Budget Revenue Expense $8 00 Millions Airport Airport Budget Revenue Expense Jan 491,361           182,302          131,563           Feb 880,323           480,547          293,170           Mar 1,313,329        679,165          431,819           Apr 1,790,795        909,193          601,497           May 2,161,070        1,114,820      823,315           Jun 2,896,131         Jul 3,375,334         Aug 4,206,194         Sep 4,852,959         Oct 5,709,245         Nov 6,373,308         Dec 6,946,991         Percent of budget expended 11.85% Note:  Operations and Capital $‐ $1.00  $2.00  $3.00  $4.00  $5.00  $6.00  $7.00  $8.00  Budget Revenue Expense Page 35 of 36 City of Renton Monthly Enterprise Fund Financial Report ‐ 2012 Budget Year Golf Course Budget Revenue Expense Jan 60,268              65,568            123,688           Feb 200,212           163,205          259,488           Mar 339,128           281,478          422,495           Apr 428,171           504,028          622,626           May 528,038           751,725          774,905           Jun 661,811            Jul 758,375            Aug 865,936            Sep 957,161            Oct 1,041,874         Nov 1,206,844         Dec 2,637,204         Percent of budget expended 29.38% 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 36 of 36