HomeMy WebLinkAbout201209, September.pdfFINANCE AND
INFORMATION TECHNOLOGY
M E M O R A N D U M
DATE: October 24, 2012
TO: Rich Zwicker, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: September 2012 Financial Status Report
At the end of September, general governmental revenues show $1.6 million or 2.4% over
budget. Revenues sources that are higher than expected are: property taxes ($400k); sales tax
($225k); real estate excise taxes ($394k); building permits & development service fees ($422k);
and state shared revenues ($347k). On the down side, the revenue sources that are
underperforming the year to date budget are: franchise fees ($54k below); utility taxes ($103k
below); culture and recreation fees ($146k below); and interfund/inter‐departmental services
($220k below).
General government expenditures showed favorable variance of $1.3 million or 1.7%. See page
9 of report for further expenditure over‐spent explanations.
The attached report provides more detailed discussion of each revenue source and our updated
projections for the year. Please do not hesitate to contact me at x6952 should you have any
questions or any suggestions about the report.
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General Governmental Funds
$%
Beginning Fund Balance 11,955,285$ 11,955,285$ 11,407,119$ 11,407,119$ 11,057,551$ 11,057,551$ 11,057,551$ ‐ 0.0%
OPERATING REVENUES
Property Tax 31,497,128 17,278,401 32,357,894 17,715,892 32,896,746 17,843,166 18,243,056 399,890 2.2%
Sales Tax 17,198,220 12,839,233 17,729,731 13,279,501 17,864,000 13,344,018 13,569,401 225,383 1.7%
Sales Tax ‐ Annexation Credit 2,025,660 1,511,240 2,033,954 1,513,579 2,101,647 1,563,953 1,616,174 52,221 3.3%
Criminal Justice Sales Tax 1,620,479 1,210,827 1,809,757 1,361,430 1,867,145 1,404,602 1,411,031 6,429 0.5%
Natural Gas Use Tax 228,514 184,158 249,407 206,447 270,394 223,819 237,769 13,950 6.2%
Admission Tax 291,399 217,864 308,200 222,088 350,000 252,209 235,808 (16,401) ‐6.5%
Franchise Fees 1,222,444 887,960 1,234,448 894,644 1,323,000 958,821 904,991 (53,830) ‐5.6%
Electricity Tax 5,036,907 3,748,337 5,166,711 3,846,982 5,283,280 3,933,776 3,941,360 7,584 0.2%
Natural Gas Utility Tax 1,577,756 1,200,941 1,848,806 1,465,021 1,950,000 1,545,208 1,336,635 (208,574) ‐13.5%
Transfer Station 269,912 192,341 297,474 199,986 248,762 167,238 236,134 68,896 41.2%
TV Cable 1,296,744 1,020,173 1,385,275 1,019,718 1,427,679 1,050,933 1,046,925 (4,008) ‐0.4%
Telephone 1,038,009 784,427 966,827 731,537 1,000,000 756,636 749,210 (7,427) ‐1.0%
Cellular Phone 2,206,637 1,679,973 2,054,183 1,585,584 2,309,360 1,782,550 1,709,535 (73,015) ‐4.1%
City Utilities 2,853,884 2,134,582 3,516,179 2,633,503 3,665,728 2,745,510 2,845,421 99,911 3.6%
Leasehold Excise Tax 138,830 103,100 162,593 122,412 145,000 109,167 92,045 (17,122) ‐15.7%
Gambling Excise Tax 1,546,386 1,178,752 1,671,414 1,268,562 1,600,000 1,214,361 1,273,344 58,983 4.9%
Real Estate Excise Tax 2,464,489 1,660,140 2,074,059 1,383,144 2,025,000 1,349,848 1,864,830 514,982 38.2%
Less: Municipal Facilities CIP REET (400,000) (278,956) (400,000) (246,990) (400,000) (246,990) (368,361) (121,371) 49.1%
EMS Levy 1,161,114 580,473 868,873 510,544 1,007,976 442,891 442,891 ‐ 0.0%
Business License Fees 431,782 323,771 442,451 325,599 469,817 345,738 329,180 (16,558) ‐4.8%
Other Licenses and Permits 262,629 172,927 232,534 143,117 213,305 131,282 166,755 35,473 27.0%
Building Permits & Development Svc Fees 2,437,270 1,917,809 2,772,779 2,113,119 2,466,063 1,885,480 2,307,453 421,973 22.4%
Intergovt'l (Grants, State Shared, etc) 4,426,676 3,109,861 4,737,323 3,033,325 4,359,315 3,202,408 3,549,535 347,128 10.8%
Fire District 25 and 40 Contracts 5,252,877 2,760,463 6,110,668 3,144,397 6,008,694 3,226,625 3,226,625 ‐ 0.0%
Public Safety 482,343 345,457 484,985 361,137 430,635 320,666 353,966 33,300 10.4%
Culture and Recreation 1,424,932 1,230,246 1,493,540 1,283,581 1,660,863 1,427,382 1,281,861 (145,521) ‐10.2%
Interfund/Interdept‐Services 3,190,908 2,409,695 3,070,506 2,224,652 3,617,185 2,620,734 2,400,424 (220,310) ‐8.4%
Fines and Forfeits 1,291,817 887,790 1,163,602 802,240 1,088,750 751,396 717,053 (34,343) ‐4.6%
Photo Enforcement 1,925,159 1,398,367 1,897,782 1,368,117 1,944,713 1,401,949 1,445,171 43,222 3.1%
Seizure Funds ‐ Federal/State/Local 221,046 214,093 83,220 10,903 180,693 23,673 31,767 8,093 34.2%
Interests and Other Earnings 183,511 143,879 107,183 74,807 125,400 87,521 74,233 (13,288) ‐15.2%
Rents, Leases, and Concessions 727,338 624,556 744,834 607,276 701,464 571,916 670,969 99,053 17.3%
Contributions and Donations 133,756 129,101 196,586 178,284 81,500 73,913 104,431 30,518 41.3%
Other Miscellaneous 434,286 340,197 529,147 344,741 427,358 249,686 390,512 140,826 56.4%
Other Financing Sources (Transfer‐In, etc) 653,595 653,227 1,073,507 169,528 1,241,752 196,097 160,342 (35,755) ‐18.2%
Total Operating Revenues 96,754,435 64,795,404 100,476,431 65,898,407 101,953,223 66,958,181 68,598,474 1,640,293 2.4%
OPERATING EXPENDITURES
Legislative 259,345 195,351 271,236 203,409 284,087 213,507 207,888 5,619 2.6%
Executive 1,578,526 1,198,078 1,566,906 1,121,986 1,468,694 1,083,306 1,001,508 81,798 7.6%
Hearing Examiner 174,447 131,145 59,878 44,161 71,025 53,136 45,121 8,015 15.1%
City Attorney 1,565,597 1,190,659 1,596,609 1,189,429 1,668,686 1,255,965 1,261,497 (5,532) ‐0.4%
Court Services 2,007,599 1,510,390 2,084,170 1,559,522 2,155,819 1,617,436 1,559,621 57,815 3.6%
Community and Eco Dvlpmnt Admin 579,396 437,987 929,814 698,417 952,912 717,523 708,111 9,413 1.3%
Development Services 2,946,413 2,238,101 2,810,736 2,109,094 3,434,929 2,593,698 2,272,559 321,139 12.4%
Economic Development 1,293,536 946,757 659,981 499,623 675,136 499,869 394,501 105,368 21.1%
Planning 1,774,508 1,382,178 1,447,781 1,082,329 1,516,719 1,160,034 1,121,575 38,459 3.3%
Finance 2,214,458 1,420,711 2,134,667 1,425,349 2,161,836 1,414,702 1,487,821 (73,119) ‐5.2%
City Clerk 789,209 553,461 736,880 577,202 1,002,105 742,449 739,885 2,563 0.3%
Human Resources 861,221 650,356 888,252 633,893 946,956 695,139 700,143 (5,004) ‐0.7%
Police 23,946,386 18,182,421 24,737,346 18,379,946 25,214,618 18,936,636 18,758,350 178,286 0.9%
Jail Services 3,539,035 2,395,256 6,206,735 2,826,495 5,340,599 2,616,541 2,616,541 ‐ 0.0%
Fire 21,554,792 16,291,059 22,511,597 17,069,616 24,099,606 18,244,725 18,352,396 (107,671) ‐0.6%
Community Services Admin 1 1,063,011 800,701 416,284 306,588 421,043 315,161 320,209 (5,048) ‐1.6%
Parks 3,421,424 2,540,440 3,829,676 2,788,379 4,045,762 2,973,223 2,927,216 46,007 1.5%
Parks Planning & Natural Resources 448,574 324,354 551,423 397,535 685,122 494,583 417,421 77,162 15.6%
Recreation 4,433,420 3,415,124 4,974,002 3,855,315 5,276,859 4,078,172 3,831,606 246,565 6.0%
Human Services 1,326,778 885,635 1,247,294 846,288 1,277,487 859,537 797,375 62,162 7.2%
Neighborhoods, Resources, & Events 359,690 267,691 675,534 464,692 775,917 548,933 486,854 62,079 11.3%
Library 2,289,692 1,721,320 2,030,000 1,822,619 230,000 271,106 271,106 ‐ 0.0%
Museum 191,090 143,470 210,620 157,635 213,533 160,056 162,485 (2,429) ‐1.5%
Public Works Admin 1 514,858 389,451 452,538 339,129 465,889 350,878 354,626 (3,748) ‐1.1%
Street Maintenance 3,412,892 2,519,173 3,534,025 2,630,100 3,728,945 2,764,011 2,757,612 6,399 0.2%
Transportation 5,215,309 3,793,849 4,509,066 3,283,394 4,763,972 3,467,142 3,316,587 150,555 4.3%
Debt Service 4,707,100 1,303,524 4,822,566 1,398,850 6,531,373 2,158,688 2,158,688 ‐ 0.0%
Non‐Departmental and Other 4,834,296 2,583,527 4,930,383 4,273,035 2,944,248 2,298,266 2,298,266 ‐ 0.0%
Total Operating Expenditures 97,302,601 69,412,171 100,825,999 71,984,031 102,353,876 72,584,418 71,327,565 1,256,853 1.7%
Total Ending Fund Balance 11,407,119$ 7,338,518$ 11,057,551$ 5,321,495$ 10,656,898$ 5,431,313$ 8,328,460$ 2,897,147 53.3%
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 September 2012
Page 1 of 37
Monthly Financial Report September 2012
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through September 30, 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 73% of
all resources supporting general governmental activities. The following section provides detail information on property,
sales, utility, and other taxes.
Property Tax
September’s collection is $546k, making
the total year‐to‐date collection $18.2
million or 55% of the total budget. In
comparison to the previous year, the City
collected $527k or 3% more. Compared
to the budget, the City is above
projections by $400k or 2%. 2012’s
monthly budgets are based on 2009
through 2011 collections. The April/May
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
September 2012 sales tax receipts totalled
$1.5 million. The City collected about the
same amounts as last September.
Compared to the projected current
month’s budget, it is right on target. The
year‐to‐date collection of $13.6 million is
$290k or 2% more than the prior year and
is also $225k or 2% 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 43,203 (11,760) ‐21% (55,375) ‐56%
Jul 112,076 106,083 346,717 234,641 209% 240,634 227%
Aug 25,954 84,126 48,857 22,903 88% (35,269) ‐42%
Sep 467,946 421,108 545,753 77,807 17% 124,645 30%
Oct 7,014,860 6,907,167
Nov 7,348,025 7,974,601
Dec 279,117 171,812
YTD Total 17,715,892$ 17,843,166$ 18,243,056$ 527,164$ 3% 399,890$ 2%
Annual Total 32,357,894$ 32,896,746$
Property Tax Revenues
Year to Date through September
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 1,482,794 114,580 8% 60,197 4%
Jul 1,437,859 1,411,637 1,505,142 67,283 5% 93,504 7%
Aug 1,534,218 1,522,536 1,583,903 49,685 3% 61,368 4%
Sep 1,472,399 1,468,712 1,472,566 167 0% 3,854 0%
Oct 1,517,444 1,529,207 ‐
Nov 1,508,954 1,522,978 ‐
Dec 1,423,832 1,467,796 ‐
YTD Total 13,279,501$ 13,344,018$ 13,569,401$ 289,900$ 2% 225,383$ 2%
Annual Total 17,729,731$ 17,864,000$
2012 vs. Budget2012 vs. 2011
Month
Year to Date through September
Local Retail Sales Tax Revenues
Page 2 of 37
Monthly Financial Report September 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 1,108,904$ 1,220,213$ 1,219,145$ 110,241$ 10%$ (1,067) 0%
Auto Sales 2,398,058 2,619,085 2,480,675 82,617 3% (138,410)‐5%
General Retail 4,557,799 4,723,809 4,828,840 271,041 6% 105,031 2%
Manufacturing 847,752 533,778 782,592 (65,160) ‐8% 248,814 47%
Wholesale 864,380 888,713 868,790 4,410 1% (19,922)‐2%
Service 2,956,460 3,037,478 3,069,135 112,675 4% 31,657 1%
Other 546,149 320,944 320,223 (225,925) ‐41% (720) 0%
Total 13,279,501$ 13,344,018$ 13,569,401$ 289,900$ 2%225,383$ 2%
Note: Excludes Annexation Credit and Criminal Justice Sales Tax revenue.
Utility tax
September utility tax revenues are $1.3
million, which is $125k or 11% higher than
the same month last year and is also
ahead of the budget by $75k or 6%. The
year‐to‐date collection is $12.1 million,
which is $414k or 4% higher than the prior
year but is $103k or 1% lower than the
budget. The City is projecting utility tax
revenues to be under budget at year‐end.
The table below breaks out Utility Tax by source. The Natural Gas variance is due to warmer weather year‐to‐date than the
prior year.
Utility Tax by Type 2011 2012 Bgt YTD Act Change 2012/2011 2012 Act vs Bgt
Electrical 3,846,982$ 3,933,776$ 3,941,360$ 94,378$ 2%$ 7,584 0%
Natural Gas 1,671,467 1,769,027 1,574,403 (97,064) ‐6% (194,624)‐11%
Cell 1,585,584 1,782,550 1,709,535 123,951 8% (73,015)‐4%
Phone 731,537 756,636 749,210 17,673 2% (7,427)‐1%
Cable 1,019,718 1,050,933 1,046,925 27,207 3% (4,008) 0%
Transfer Station 199,986 167,238 236,134 36,148 18% 68,896 41%
City Utilities 2,633,503 2,745,510 2,845,421 211,918 8% 99,911 4%
YTD Total 11,688,776$ 12,205,670$ 12,102,988$ 414,212$ 4%(102,681)$ ‐1%
Annual Total 15,484,862$ 16,155,203$
YTD as % of 75% 75%
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 1,108,588 (94,888) ‐8% (147,530) ‐12%
Jul 1,188,526 1,240,117 1,340,939 152,413 13% 100,822 8%
Aug 1,165,863 1,217,180 1,153,724 (12,139) ‐1% (63,457) ‐5%
Sep 1,176,526 1,225,853 1,301,158 124,631 11% 75,304 6%
Oct 1,202,559 1,253,072
Nov 1,232,640 1,281,314
Dec 1,360,887 1,415,147
YTD Total 11,688,776$ 12,205,670$ 12,102,988$ 414,212$ 4% (102,681)$ ‐1%
Annual Total 15,484,862$ 16,155,203$
2012 vs. Budget2012 vs. 2011
Year to Date through September
Utility Tax Revenues
Month
Page 3 of 37
Monthly Financial Report September 2012
Other Taxes
Real Estate Excise Tax
The City collected $173k in Real Estate Excise
Tax revenues (REET) for September. This is
$33k or 16% behind the same month last year
and $28k or 14% below the current month’s
budget. The year‐to‐date collection is $1.9
million, which is $482k or 35% more than the
prior year and is also $515k or 38% above the
budget. The City is projecting REET to exceed
the budget at year‐end.
Gambling Tax
September’s Gambling Tax collections
total $163k. Year‐to‐date total of $1.3
million is $5k above the year before
and is also $60k or 5% above 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 3% decrease, bingo increased by 38%, and card‐rooms are seeing 6% lower in activities when
compared to the prior year.
Franchise Fees
Franchise Fees are due quarterly and
the year‐to‐date revenue collections
are $905k or 68% of the budget. This
is $10k or 1% higher than 2011 but is
$54k or 6% 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 228,506 223,006 347,179 118,673 52% 124,174 56%
Jul 117,567 114,737 177,839 60,273 51% 63,103 55%
Aug 159,524 155,683 222,933 63,409 40% 67,250 43%
Sep 205,753 200,800 173,212 (32,541) ‐16% (27,588) ‐14%
Oct 189,691 185,125
Nov 335,893 327,808
Dec 165,331 162,219
YTD Total 1,383,144$ 1,349,848$ 1,864,830$ 481,686$ 35% 514,982$ 38%
Annual Total 2,074,059$ 2,025,000$
Real Estate Excise Tax Revenues
Year to Date through September
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 151,240 144,778 127,372 (23,868) ‐16% (17,406) ‐12%
Jul 136,775 130,931 161,244 24,469 18% 30,313 23%
Aug 144,161 138,001 146,526 2,365 2% 8,525 6%
Sep 125,618 120,251 162,540 36,922 29% 42,289 35%
Oct 92,937 88,966 ‐
Nov 139,018 133,078 ‐
Dec 170,897 163,595 ‐
YTD Total 1,268,562$ 1,214,361$ 1,273,344$ 4,782$ 0% 58,983$ 5%
Annual Total 1,671,414$ 1,600,000$
Year to Date through September
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 294,438 315,560 305,065 10,627 4% (10,495) ‐3%
Oct 292,692 313,688 ‐
Dec 47,111 50,491 ‐
YTD Total 894,644$ 958,821$ 904,991$ 10,347$ 1% (53,830)$ ‐6%
Annual Total 1,234,448$ 1,323,000$
Month
2012 vs. 2011 2012 vs. Budget
Franchise Fees Revenue
Year to Date through September
Page 4 of 37
Monthly Financial Report September 2012
Admission Tax
Admission Tax returns are due
quarterly in January, April, July, and
October each year. July 2012
collections represent activities
conducted during the 2nd quarter of
2012.
The report shows an increase of $15k
or 6% from the year before but is $15k
or 7% less than anticipated. The City is
projecting admission tax revenues to be slightly under the budget at year‐end.
Licenses and Permits
Building Permits and Development Service
Fees
Building Permits and Development Service
Fee revenues totalled $182k in September.
The year‐to‐date development fees revenue
of $2.3 million is $194k or 9% more than
2011 and is also $422k or 22% higher than
budget. The higher than expected fees are
due to collecting more in general building
permits, electrical permits, public works
inspection fees and plan check fees. The
City is projecting building permits and
development service fee revenues to exceed
the budget at year‐end.
Business Licenses
Business Licenses totalled $3k for September,
which is $937 or 23% below the same month last
year and is also $1k or 27% below the current
month’s budget. The year‐to‐date Business
Licenses revenue is over the prior year by $4k or
1% but is $17k or 5% 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 81,104 (4,921) ‐6% (16,588) ‐17%
Aug 1,194 1,356 ‐
Oct 86,112 97,791 ‐
YTD Total 222,088$ 252,209$ 235,808$ 15,321$ 6% (14,582)$ ‐7%
Annual Total 308,200$ 350,000$
Month
2012 vs. 2011 2012 vs. Budget
Admission Tax Revenue
Year to Date through September
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 215,975 195,717 291,218 75,243 35% 95,500 49%
Jul 211,760 187,937 299,611 87,851 41% 111,674 59%
Aug 393,797 351,616 368,587 (25,209) ‐6% 16,972 5%
Sep 321,961 289,918 182,210 (139,751) ‐43% (107,708) ‐37%
Oct 213,930 189,380
Nov 229,322 196,766
Dec 216,409 194,437
YTD Total 2,113,119$ 1,885,480$ 2,307,453$ 194,334$ 9% 421,973$ 22%
Annual Total 2,772,779$ 2,466,063$
Building Permits and Development Service Fees
Year to Date through September
2012 vs. Budget2012 vs. 2011
Month
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 3,377 (588) ‐15% (833) ‐20%
Jul 83,962 89,155 98,553 14,591 17% 9,398 11%
Aug 18,393 19,531 14,550 (3,844) ‐21% (4,981) ‐26%
Sep 4,135 4,391 3,197 (937) ‐23% (1,193) ‐27%
Oct 95,874 101,804 ‐
Nov 18,291 19,423 ‐
Dec 2,686 2,852 ‐
YTD Total 325,599$ 345,738$ 329,180$ 3,581$ 1% (16,558)$ ‐5%
Annual Total 442,451$ 469,817$
2012 vs. 2011
Year to Date through September
2012 vs. Budget
Business Licenses
Month
Page 5 of 37
Monthly Financial Report September 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 84% of the total
revenues in this category. The year‐to‐date total Intergovernmental revenue is $8.2 million or 67% of the budget.
State Shared Revenues
State Shared Revenue
collections totalled $3.7 million
since the start of 2012.
Compared to the prior year,
State Shared Revenues are
above by $310k or 9%.
Compared to the projected
budget, the City is collecting
$354k or 11% more. The
higher than expected
collections are due to Criminal
Justice’s High Crime not being
budgeted for and for Liquor
Profits (due to auction proceeds). The auction proceeds will only be receipted in 2012. The City is projecting the total state
shared revenues to exceed 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 74% of the total revenue in this category. The year‐to‐date total charges for services are $5 million or 75% of the
budget. This is 3% below budget projections. The following sections provide detail information for Public Safety,
Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totalled $354k 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 $7k or 2%
less. Compared to the budget, the City is
collecting $33k or 10% more than anticipated
revenue. The City is projecting public safety
services revenues to meet the budget at year‐
end.
Intergovernmental 2011 2012 Bgt YTD Act Change 2012/2011 2012 Act vs Bgt
Fire District #25 674,677$ 698,717$ 698,717$ 24,040$ 4% $ ‐ 0%
Fire District #40 2,469,721 2,527,908 2,527,908 58,187 2%‐ 0%
State Shared Revenue 3,366,237 3,322,901 3,676,458 310,220 9% 353,556 11%
Federal Grants 362,849 779,086 779,086 416,237 115%‐ 0%
State Grants 120,461 111,798 111,798 (8,662) ‐7%‐ 0%
Other Grants/Intgovt 128,733 119,280 119,280 (9,454) ‐7%‐ 0%
ARRA Grants 416,475 273,944 273,944 (142,531) ‐34%‐ 0%
Total Rev YTD 7,539,153$ 7,833,634$ 8,187,190$ 648,038$ 9%353,556$ 5%
Total Rev Annual 12,657,748$ 12,235,154$
YTD % 60% 64% 67%
Note: Includes CJ Sales Tax.
2011 2012 2012
Actual Budget Actual $ % $ %
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 31,486 (14,809) ‐32% (9,621) ‐23%
Jul 70,094 62,239 54,883 (15,211) ‐22% (7,356) ‐12%
Aug 35,891 31,868 34,742 (1,148) ‐3% 2,874 9%
Sep 30,743 27,298 36,019 5,276 17% 8,721 32%
Oct 34,756 30,861 ‐
Nov 42,944 38,131 ‐
Dec 46,148 40,976 ‐
YTD Total 361,137$ 320,666$ 353,966$ (7,171)$ ‐2% 33,300$ 10%
Annual Total 484,985$ 430,635$
Month
2012 vs. 2011
Year to Date through September
Public Safety Services
2012 vs. Budget
2011 2012 2012
Actual Budget Actual $ % $ %
Crim Just Sales Tax 1,361,430$ 1,404,602$ 1,411,031$ 49,600$ 4% 6,429$ 0%
Judicial Contribution 16,851 9,000 22,632 5,781 34% 13,632 151%
Crim Just ‐ High Crime 142,459 72,536 144,999 2,540 2% 72,464 100%
Crim Just ‐ Pop 14,900 ‐ 15,589 689 5% 15,589 100%
Crim Just ‐ Spec Prog 56,257 50,935 58,682 2,426 4% 7,747 15%
State DUI 14,591 11,621 13,149 (1,442) ‐10% 1,528 13%
Liquor Profits 485,460 497,825 717,552 232,091 48% 219,727 44%
Liquor Excise Tax 327,685 334,811 342,495 14,810 5% 7,684 2%
Fuel Tax 946,604 941,572 950,329 3,725 0% 8,757 1%
YTD Total 3,366,237$ 3,322,901$ 3,676,458$ 310,220$ 9% 353,556$ 11%
Annual Total 4,495,551$ 4,437,913$
Year to Date through September
State Shared Revenues
2012 vs. 2011
Revenue
2012 vs. Budget
Page 6 of 37
Monthly Financial Report September 2012
Recreation
Recreation revenues totalled $108k for the
current month. Compared to the same
month the prior year, the City collected $34k
or 24% less. Compared to the projected
monthly budget, the City collected $50k or
32% less. The year‐to‐date collection of $1.3
million is $2k less than the prior year and is
also $146k or 10% 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 $2.4 million.
Compared to the prior year, the revenues are
over by $176k or 8%. Compared to the
projected budget, the revenues are below by
$220k or 8%. 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 $2.2 million.
This is $9k higher than a year ago but is $6k
under the budget. The City is projecting
fines and penalties to be slightly under the
budget at year‐end.
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 144,083 160,224 149,137 5,054 4% (11,087) ‐7%
Jul 211,388 235,070 260,363 48,975 23% 25,293 11%
Aug 254,060 282,523 262,038 7,978 3% (20,485) ‐7%
Sep 142,253 158,189 107,879 (34,373) ‐24% (50,310) ‐32%
Oct 83,540 92,899 ‐
Nov 77,528 86,214 ‐
Dec 48,890 54,368 ‐
YTD Total 1,283,581$ 1,427,382$ 1,281,861$ (1,720)$ 0% (145,521)$ ‐10%
Annual Total 1,493,540$ 1,660,863$
Recreation
Year to Date through September
2012 vs. Budget2012 vs. 2011
Month
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 234,878 276,697 275,112 40,234 17% (1,584) ‐1%
Jul 238,262 280,683 217,828 (20,434) ‐9% (62,855) ‐22%
Aug 229,627 270,511 345,690 116,063 51% 75,179 28%
Sep 237,006 279,203 273,570 36,564 15% (5,634) ‐2%
Oct 270,340 318,472 ‐
Nov 266,859 314,371 ‐
Dec 308,654 363,607 ‐
YTD Total 2,224,652$ 2,620,734$ 2,400,424$ 175,771$ 8% (220,310)$ ‐8%
Annual Total 3,070,506$ 3,617,185$
2012 vs. Budget
Month
Interfund Services
Year to Date through September
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 262,444 261,662 314,041 51,597 20% 52,379 20%
Jul 247,468 249,471 271,355 23,888 10% 21,885 9%
Aug 184,473 189,735 164,744 (19,729) ‐11% (24,991) ‐13%
Sep 181,000 185,846 176,829 (4,170) ‐2% (9,017) ‐5%
Oct 300,431 385,882
Nov 297,580 299,240
Dec 352,911 352,016
YTD Total 2,161,542$ 2,177,018$ 2,170,937$ 9,395$ 0% (6,081)$ 0%
Annual Total 3,112,464$ 3,214,156$
Month
2012 vs. Budget2012 vs. 2011
Year to Date through September
Fines and Penalties by Month
Page 7 of 37
Monthly Financial Report September 2012
Year to Date through September
2011 2012 2012
Actual Budget Actual $ % $ %
Civil Penalties 8,012$ 11,210$ 6,354$ (1,658)$ ‐21% (4,856)$ ‐43%
Civil Infraction Penalties 504,639 541,380 428,168 (76,472) ‐15% (113,213) ‐21%
Civil Parking Infraction Penalties 92,063 100,404 89,033 (3,029) ‐3% (11,371) ‐11%
Photo Enforcement Program 1,368,117 1,401,949 1,445,171 77,054 6% 43,222 3%
Criminal Traffic Misdemeanor Fines 69,938 63,314 62,481 (7,458) ‐11% (833) ‐1%
Criminal Non‐Traffic Fines 19,902 25,576 17,720 (2,182) ‐11% (7,856) ‐31%
Criminal Costs 87,184 8,229 89,576 2,393 3% 81,347 988%
Seizure Funds ‐ Federal/State/Local 10,903 23,673 31,767 20,864 191% 8,093 34%
Non‐Court Fines, Forfeitures and Penalties 785 1,282 668 (118) ‐15% (614) ‐48%
YTD Total 2,161,542$ 2,177,018$ 2,170,937$ 9,395$ 0% (6,081)$ 0%
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
$1.4 million. 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. The City received a credit
in September for cameras that were shut off but still
charged (July and August).
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 69% of the total
revenue in this category. The year‐to‐date
total miscellaneous is $1.1 million.
Compared to last year, the revenues are
over by $43k or 4%. Compared to the
projected year‐to‐date budget, the
revenues are over by $272k or 34%. The
table on the next page breaks out
miscellaneous revenues by type:
Favorable
Budget Actual Budget Actual (Unfavorable)
1
Jan 169,793$ 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 180,018 221,524 71,871 67,952 153,571
Jul 155,574 188,622 72,275 68,237 120,385
Aug 98,678 92,593 56,688 67,693 24,900
Sep 83,853 72,707 71,527 46,369 26,338
Oct 145,798 ‐ 71,420 ‐ ‐
Nov 211,430 ‐ 71,884 ‐ ‐
Dec 185,536 ‐ 72,273 ‐ ‐
YTD Total 1,401,949$ 1,445,171$ 626,386$ 586,497$ 858,675$
Annual Total 1,944,713$ 841,964$
1 Actuals of Revenues and Expenses
Expenses
Photo Enforcement Program
Year to Date through September
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 93,832 (51,185) ‐35% (19,834) ‐17%
Jul 173,878 118,884 112,316 (61,562) ‐35% (6,568) ‐6%
Aug 133,570 99,673 143,389 9,819 7% 43,716 44%
Sep 97,973 76,252 89,588 (8,385) ‐9% 13,336 17%
Oct 75,425 61,811
Nov 77,427 67,662
Dec 163,299 164,402
YTD Total 1,034,044$ 805,324$ 1,076,897$ 42,852$ 4% 271,573$ 34%
Annual Total 1,350,195$ 1,099,199$
Year to Date through September
Month
2012 vs. Budget2012 vs. 2011
Miscellaneous Revenues by Month
Page 8 of 37
Monthly Financial Report September 2012
2011 2012 2012
Actual Budget Actual $ % $ %
Interests and Other Earnings 74,807$ 87,521$ 74,233$ (573)$ ‐1% (13,288)$ ‐15%
Rents, Leases, and Concessions 607,276 571,916 670,969 63,693 10% 99,053 17%
Contributions/Donations from Private Sources 178,284 73,913 104,431 (73,854) ‐41% 30,518 41%
Other 173,677 71,974 227,263 53,586 31% 155,289 216%
YTD Total 1,034,044$ 805,324$ 1,076,897$ 42,852$ 4% 271,573$ 34%
Annual Total 1,350,195$ 1,099,199$
2012 vs. Budget
Miscellaneous Re venues by Type
Year to Date through September
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 70% of its budgeted general governmental expenditures at the end of September. This is
$1.3 million or 1.7% below year‐to‐date budgeted expenditures. See below for summary of unfavorable items for general
governmental departments.
City Attorney Department is over the year‐to‐date budget by $6k or 0.4%. This is mainly due to over spending on
contracted services and publications and under spending in salaries/benefits and supplies.
Administrative Services Department (Finance and City Clerk) is over the year‐to‐date budget by $71k or 3%. This is due to
the spending patterns of the 1st, 2nd, and 3rd Quarter of 2012 compared to 2010 and 2011. The year‐to‐date budget should
even out later in the year. We will continue to monitor these items to determine if a budget adjustment is needed.
Human Resources and Risk Management Department (HR only) is over the year‐to‐date budget by $5k or 0.7%. This is due
to over spending salaries/benefits and professional services and under spending on supplies/small tools.
Fire and Emergency Services Department is over the year‐to‐date budget by $108k or 0.6%. This is mainly due to over
spending on supplies ($103k) and intergovernmental ($110k) and under spending on professional services ($142k). We will
continue to monitor these items to determine if a budget adjustment is needed.
Page 9 of 37
Monthly Financial Report September 2012
CASH AND INVESTMENTS – 3RD
QUARTER
The current cash and
investments (C&I) portfolio
is provided in the table to
the right. The City’s current
C&I balance is $93.6 million,
of this amount; $1.5 million
is an interfund loan
investment (Res 4070) from
the general fund (000) to
the golf course fund (404).
The City is currently in the
process of selling this
interfund loan to the City’s
Risk Management Fund
(502) in order to call the
remaining balance of the
2002 Fire Station 12 LTGO
bonds. This interfund loan
is due in full on December
1st 2015.
Currently the majority of the portfolio is located in cash deposits (US Bank). The rest is spread out between the State
Investment Pool, US Federal Agency Securities, various certificates of deposits, and the interfund loan.
The existing portfolio yield is approximately .6%. The majority (.25%) lies within the cash at US Bank.
US Bank ‐Cash
55%State Investment Pool
11%
US Federal Agency Securities*
5%
Golf Course Interfund Loan
2%
Columbia Bank
7%
Fortune Bank (incl. CDARS)
2%
Umpqua Bank
11%
Commencement Bank (incl.
CDARS)
7%
Commercial Paper
0%
Distribution by Institution
(Percent of Cash & Investment Portfolio)
Deposit Total Maturity Date APY
Weighted
Yield
Current
Allocation of Cash
and Investments
Allowed
by Policy
Current Principal
Balance
Cash US Bank ‐ Cash 46,283,795 overnight 0.50% 0.25%49%N/A 46,283,795
US Bank ‐ Cash 5,142,644 overnight 0.00% 0.00% 5% N/A 5,142,644
GOLF '12 355,000 12/1/2012 2.25% 0.01%
GOLF '13 375,000 12/1/2013 2.25% 0.01%
GOLF '14 395,000 12/1/2014 2.25% 0.01%
GOLF '15 410,000 12/1/2015 2.25% 0.01%
US Treasury Securities
none ‐ N/A N/A 0.00% 0% 100%‐
Local Government Investment Pool
3920 State Investment Pool 9,907,359 10/1/2012 0.18% 0.02% 11% 75%9,907,359
US Federal Agency Securities *
312159a FNMA (Callable) 2,500,000 4/17/2015 0.75% 0.02%
312169a FNMA (Callable) 2,497,500 2/22/2016 1.27% 0.03%
Certificate of Deposit
110127a Columbia Bank 2,000,000 11/5/2012 1.12% 0.02%
112147a 2,768,975 1/11/2014 0.69% 0.02%
111167a 2,015,400 11/9/2016 0.99% 0.02%
212125a Fortune Bank (CDARS) 250,000 12/19/2012 0.55% 0.00%
212145a CDARS 1,516,108 6/14/2014 0.80% 0.01%
111125a Fortune Bank 251,094 12/23/2012 0.75% 0.00%
111126a Umpqua Bank 5,042,636 12/25/2012 0.85% 0.05%
112146a 5,209,717 5/18/2014 0.85% 0.05%
2011133a Commencement Bank (CDARS) 5,100,192 9/6/2013 1.00% 0.05%
212143a CDARS 1,030,141 9/20/2014 0.65% 0.01%
111133a Traditional 500,000 10/27/2013 1.00% 0.01%
Commercial Paper
none ‐ N/A N/A 0.00% 0.00% 5%‐
TOTAL CASH & INVESTMENTS 93,550,561$ 0.60% 100.00% 93,550,561$
Institution
*Held in our safekeeping account at BNY Trust and Custody
Golf Interfund Loan
2% N/A
20%7% 6,784,375
2,017,202
10,252,353
5% 100% 4,997,500
1,535,000
7% 20% 6,630,333
20%2%
20%11%
Page 10 of 37
Monthly Financial Report September 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 ‐ ‐ ‐ ‐ 33,430 27,050 ‐
Grants / intergovernmental 339,222 5,278 107,838 75,060 2,527 556,644 ‐
Charges for services 93,553 1,531,844 11,216,913 10,589,384 6,359,340 5,860,155 10,222,412
Interdepartmental services ‐ ‐ 4,265 282,653 195,548 448,918 ‐
Fines and penalties ‐ ‐ ‐ ‐ ‐ ‐ ‐
Rents, leases, and misc fees 1,730,430 299,228 55,736 101,756 ‐ ‐ ‐
Interest and other misc 6,751 3,438 13,479 276,682 711,704 304,846 3,549
TOTAL REVENUES 2,169,956 1,839,788 11,398,232 11,325,535 7,302,549 7,197,613 10,225,961
EXPENSES:
Utility billing ‐ ‐ 82,653 76,348 59,058 89,306 ‐
Utility systems ‐ ‐ 10,488,690 2,247,366 1,930,297 1,683,817 ‐
Utility maintenance ‐ ‐ 217,546 3,510,055 995,957 1,356,038 9,673,899
Transportation 1,008,424 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 1,363,814 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 1,008,424 1,363,814 10,788,889 5,833,769 2,985,312 3,129,161 9,673,899
AMOUNT AVAILABLE FOR DEBT SERVICE 1,161,532 475,974 609,343 5,491,766 4,317,237 4,068,452 552,062
DEBT SERVICE:
Principal ‐ ‐ ‐ 1,093,925 741,076 144,290 ‐
Interest ‐ ‐ ‐ 427,482 217,689 182,423 ‐
TOTAL DEBT SERVICE ‐ ‐ ‐ 1,521,407 958,765 326,713 ‐
CAPITAL PROJECTS 588,691 28,483 ‐ 1,208,806 1,505,784 1,918,396 ‐
TRANSFERS IN/(OUT)(5,356) ‐ ‐ ‐ (10,094) ‐ ‐
CHANGE IN FUND BALANCE 567,485 447,491 609,343 2,761,553 1,842,594 1,823,343 552,062
BEGINNING FUND BALANCE, Jan 1 2,084,710 615,488 1,734,734 7,642,506 1,209,356 4,210,599 1,077,805
ENDING FUND BALANCE, Sep 30 2,652,195 1,062,979 2,344,077 10,404,059 3,051,950 6,033,942 1,629,867
Page 11 of 37
Monthly Financial Report September 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 ‐ 73,271 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental 747 66,501 1,915 ‐ ‐ ‐ 43,637
Charges for services
Equipment rental m&o 1,670,686 1,587,422 ‐ ‐ ‐ ‐ ‐
Telecommunications ‐ 139,806 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 80,016 ‐ 297,866 ‐ ‐ ‐
Communications ‐ 3,500 ‐ 462,264 ‐ ‐ ‐
Facilities ‐ ‐ 3,130,130 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 112,607 ‐ ‐ ‐ ‐ ‐
IT service contracts ‐ 237,084 ‐ ‐ ‐ ‐ ‐
Geographical information systems ‐ 147,626 ‐ ‐ ‐ ‐ ‐
Interest and other misc 12,332 5,812 1,540 523 17,687 20,704 16,246
Internal service fund misc:
Vehicle / equipment capital recovery 719,638 707,092 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 1,173,133 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 1,064,392 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 8,228,442 1,655,732
Other misc 916 201 6,356 126 199 512,929 ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 1,000 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 56,341 9,639 139
TOTAL REVENUES 2,405,319 3,160,938 3,139,941 760,779 2,311,752 8,771,714 1,715,754
EXPENSES:
Communications 348,637
Equipment rental 1,808,373
Facilities 2,563,218
Healthcare 8,586,908
Information technology 2,580,591
Print and mail 288,183
Retiree healthcare 935,894
Risk management
Risk management 1,108,780
Unemployment 100,494
Worker's compensation 969,221
TOTAL EXPENSES 1,808,373 2,580,591 2,563,218 636,820 2,178,495 8,586,908 935,894
AMOUNT AVAILABLE FOR CAPITAL 596,946 580,347 576,723 123,959 133,257 184,806 779,860
CAPITAL PROJECTS 1,377,356 846,395 139,576 ‐ ‐ ‐ ‐
TRANSFERS IN 15,450 ‐ 37,782 ‐ ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE (764,960) (266,048) 474,929 123,959 133,257 184,806 779,860
BEGINNING FUND BALANCE, Jan 1 4,774,376 2,181,743 300,238 141,120 6,620,437 7,133,996 5,479,399
ENDING FUND BALANCE, Sep 30 4,009,416 1,915,695 775,167 265,079 6,753,694 7,318,802 6,259,259
Page 12 of 37
Monthly Financial Report September 2012
FUND BALANCE
Page 14 shows the ending fund balance as of September 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 September, the City has $8.3 million reported in the combined general governmental fund balance of the
current year’s operating budget, which is approximately 8% of budgeted operating expenditures. This is a decrease of $2.8
million from the year’s beginning balance. September’s ending fund balance is over the anticipated General Governmental
Fund Balance of $5.4 million by $2.9 million or 53.3%. 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 13 of 37
Monthly Financial Report September 2012
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through September 30, 2012
Funds
Balance
01/01/2012
Budgeted
Revenue
Revenue
09/30/12
Total Funds
Available
Budgeted
Expenditure
Expenditure
09/30/12
Ending
Balance
GENERAL GOVERNMENT FUNDS:11,057,551 101,953,223 68,598,474 79,656,025 102,353,876 71,327,565 8,328,460
000 General 6,934,747 74,313,431 50,781,046 57,715,793 75,353,069 54,456,567 3,259,227
001 Community Services 1,413,050 11,302,259 7,707,460 9,120,510 11,126,074 7,929,294 1,191,216
003 Street 1,264,341 8,953,479 5,623,196 6,887,537 8,492,917 6,074,199 813,338
004 Community Dev Block Grant 8,339 305,961 120,003 128,342 303,281 217,390 (89,048)
005 Museum 52,620 216,220 216,585 269,205 213,533 162,485 106,721
006 Library 48,603 230,000 230,000 278,603 230,000 271,106 7,497
009 Farmers Market 87,437 75,500 75,783 163,220 78,629 54,012 109,208
010 Fire Memorial 1,953 ‐ (1,952) 1 ‐ ‐ 1
011 Fire Health & Wellness 36,858 25,000 18,995 55,853 25,000 3,825 52,028
031 Pa rk Memorial 177,758 ‐ 492 178,250 ‐ ‐ 178,250
201 Ltd GO Bonds Gen Govt Debt 591,257 1,982,075 1,352,094 1,943,351 1,982,075 149,359 1,793,992
215 Gen Govt Misc Debt Service 440,588 4,549,298 2,474,772 2,915,360 4,549,298 2,009,329 906,031
SPECIAL REVENUE FUNDS:
102 Arterial Street 158,974 600,000 448,000 606,974 600,000 350,000 256,974
108 Leased City Properties 488,500 844,049 424,530 913,030 749,232 437,739 475,291
110 Hotel Motel 243,556 265,000 224,797 468,353 442,050 375,833 92,520
118 Reserve for Paths & Trails 3,314 ‐ 8 3,322 ‐ ‐ 3,322
125 1% For Art 121,686 32,813 326 122,012 50,000 13,818 108,194
127 Cable Communication 185,968 85,000 79,054 265,022 235,674 10,046 254,976
135 Springbrook Wetlands Bank 663,556 ‐ 1,838 665,394 ‐ ‐ 665,394
CAPITAL PROJECT FUNDS (CIP):
303 Community Dev Mitigation 1,475,050 60,000 41,285 1,516,335 400,000 ‐ 1,516,335
304 Fire Mitigation 1,492,674 100,000 219,763 1,712,437 536,926 ‐ 1,712,437
305 Transportation Mitigation 657,187 100,000 38,362 695,549 450,000 450,000 245,549
316 Municipal Facilities CIP 3,745,546 2,928,009 879,571 4,625,117 6,337,982 1,224,257 3,400,860
317 Transportation CIP 3,422,219 26,755,575 10,676,102 14,098,321 30,135,972 13,465,335 632,986
318 So La ke WA Infrastructure Proj 52,792 ‐ 145 52,937 52,024 441 52,496
326 Housing Opportunity 130,546 ‐ 3,696 134,242 125,000 50,000 84,242
336 New Library Development 19,196,447 ‐ 48,838 19,245,285 19,196,447 523,414 18,721,871
ENTERPRISE FUNDS:
402 Airport 494,718 1,299,150 958,501 1,453,219 1,307,780 1,013,780 439,439
403 Solid Waste Utility 1,734,734 15,021,811 11,398,232 13,132,966 15,014,481 10,788,889 2,344,077
404 Golf Course 379,997 2,483,545 1,839,090 2,219,087 2,492,204 1,413,814 805,273
422 Airport Capital 1,589,992 4,149,219 1,211,456 2,801,448 5,639,211 588,691 2,212,757
424 Golf Course Capital 235,491 50,000 50,699 286,190 145,000 28,483 257,707
INTERNAL SERVICE FUNDS:
501 Equipment Repair/Replacement 4,774,376 3,190,893 2,420,769 7,195,145 3,979,127 3,185,730 4,009,415
502 Insurance 6,620,437 3,187,593 2,311,752 8,932,189 3,134,079 2,178,494 6,753,695
503 Information Services 2,181,743 4,126,173 3,160,938 5,342,681 5,959,686 3,426,985 1,915,696
504 Facilities 300,238 4,334,952 3,177,723 3,477,961 4,389,399 2,702,794 775,167
505 Communications 141,120 974,307 760,779 901,899 991,015 636,820 265,079
512 Insurance, Healthcare 7,133,996 12,014,224 8,771,714 15,905,710 11,996,739 8,586,908 7,318,802
522 Insurance, Leoff1 Retirees HC 5,479,399 2,235,684 1,715,754 7,195,153 2,262,573 935,894 6,259,259
FIDUCIARY FUNDS:
611 Firemen's Pension 4,377,696 300,000 124,739 4,502,435 550,475 174,371 4,328,064
Funds
Balance
01/01/2012
Budgeted
Revenue
Revenue
09/30/12
Total Funds
Available
Budgeted
Expenditure
Expenditure
09/30/12
Ending
Balance
ENTERPRISE FUNDS: COMBINED UTILITIES 14,140,266 49,406,145 36,051,659 50,191,925 52,104,452 29,072,106 21,119,819
405 Water Utility 3,993,415 11,106,460 8,536,868 12,530,283 10,689,883 7,355,176 5,175,107
406 Waste Water Utility 685,178 5,888,574 4,358,905 5,044,083 5,130,805 3,954,171 1,089,912
407 Surface Water Utility 1,625,915 5,637,563 4,248,884 5,874,799 5,479,377 3,455,874 2,418,925
416 King County Metro 1,077,805 13,209,387 10,225,961 11,303,766 13,209,387 9,673,899 1,629,867
425 Water Utility Construction 3,633,246 5,369,215 2,788,623 6,421,869 7,085,000 1,208,806 5,213,063
426 Waste Water Construction 524,178 3,310,000 2,943,644 3,467,822 3,710,000 1,505,784 1,962,038
427 Surface Water Construction 2,584,684 4,884,946 2,948,730 5,533,414 6,800,000 1,918,396 3,615,018
471 Waterworks Rate Stabilization 15,845 ‐ 44 15,889 ‐ ‐ 15,889
Note: Waterworks Utility Funds are managed as a system and are designated by the dotted lines.
Page 14 of 37
City of Renton
General Government Financial Position
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 51,288,412 47,714,859 3,573,553 14,631,104
July 57,687,119 55,549,735 2,137,384 13,194,935
August 63,335,690 63,356,444 (20,754) 11,036,797
September 68,598,474 71,327,565 (2,729,091) 8,328,460
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 15 of 37
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 10,687,351 10,715,775 0.27%
Mar 16,256,126 16,218,914 ‐0.23%
Apr 30,034,631 32,180,045 7.14%
May 45,529,209 46,051,336 1.15%
Jun 50,525,440 51,288,412 1.51%
Jul 56,328,883 57,687,119 2.41%
Aug 61,894,847 63,335,690 2.33%
Sep 66,958,181 68,598,474 2.45%
Oct 80,947,802
Nov 95,796,009
Dec 101,953,223
Percent of budget 67.28%
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 17,301,729 0.41%
Jul 17,337,932 17,648,446 1.79%
Aug 17,422,058 17,697,303 1.58%
Sep 17,843,166 18,243,056 2.24%
Oct 24,750,333
Nov 32,724,934
Dec 32,896,746
Percent of budget 55.46%
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
Budget
Actual
Last Year
Page 16 of 37
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 10,083,315 1.14%
Jul 11,554,021 11,766,784 1.84%
Aug 13,258,722 13,538,469 2.11%
Sep 14,907,971 15,185,575 1.86%
Oct 16,615,185
Nov 18,322,808
Dec 19,965,647
Percent of budget 76.06%
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 8,307,168 ‐2.53%
Jul 9,762,636 9,648,107 ‐1.17%
Aug 10,979,816 10,801,830 ‐1.62%
Sep 12,205,670 12,102,988 ‐0.84%
Oct 13,458,742
Nov 14,740,056
Dec 16,155,203
Percent of budget 74.92%
Note: Includes Natural Gas Use Tax.
$0
$2
$4
$6
$8
$10
$12
$14
$16
Budget
Actual
Last Year
Page 17 of 37
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 1,249,175 21.81%
Jul 1,257,216 1,547,600 23.10%
Aug 1,551,253 1,839,226 18.56%
Sep 1,768,424 1,994,570 12.79%
Oct 2,019,748
Nov 2,211,675
Dec 2,403,331
Percent of budget 82.99%
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 5,676,671 5,924,916 4.37%
Jul 6,433,449 6,681,592 3.86%
Aug 7,404,099 7,648,504 3.30%
Sep 7,833,634 8,187,190 4.51%
Oct 9,196,568
Nov 11,615,054
Dec 12,235,154
Percent of budget 66.92%
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 18 of 37
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 3,078,647 ‐4.03%
Jul 3,864,078 3,747,920 ‐3.01%
Aug 4,567,070 4,514,034 ‐1.16%
Sep 5,140,570 5,001,139 ‐2.71%
Oct 5,652,987
Nov 6,159,124
Dec 6,691,060
Percent of budget 74.74%
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 1,572,394 1.32%
Jul 1,801,437 1,846,637 2.51%
Aug 1,991,172 2,014,824 1.19%
Sep 2,177,018 2,193,991 0.78%
Oct 2,562,900
Nov 2,862,140
Dec 3,214,156
Percent of budget 68.26%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Budget
Actual
Last Year
Page 19 of 37
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 2,895,320 9.90%
Jul 3,493,772 3,811,124 9.08%
Aug 3,795,997 4,148,648 9.29%
Sep 4,080,306 4,452,726 9.13%
Oct 5,015,737
Nov 5,416,642
Dec 6,050,976
Percent of budget 73.59%
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 510,515 731,604 43.31%
Jul 629,398 843,920 34.08%
Aug 729,072 987,309 35.42%
Sep 805,324 1,076,897 33.72%
Oct 867,135
Nov 934,797
Dec 1,099,199
Percent of budget 97.97%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60 Budget
Actual
Last Year
Page 20 of 37
City of Renton
Monthly Revenue Analysis ‐ 2012 Budget Year
Other
Financing Budget
YTD
Actual
Annual %
over (under)
Jan ‐ ‐ N/A
Feb 931 90 ‐90.36%
Mar 3,676 5,494 49.47%
Apr 193,353 8,797 ‐95.45%
May 193,999 143,912 ‐25.82%
Jun 194,520 144,143 ‐25.90%
Jul 194,943 144,991 ‐25.62%
Aug 195,588 145,543 ‐25.59%
Sep 196,097 160,342 ‐18.23%
Oct 808,467
Nov 808,778
Dec 1,241,752
Percent of budget 12.91%
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 1,290,845 46.85%
Jul 993,789 1,468,685 47.79%
Aug 1,149,532 1,691,618 47.16%
Sep 1,350,432 1,864,830 38.09%
Oct 1,535,639
Nov 1,863,587
Dec 2,025,000
Percent of budget 92.09%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
Millions
Budget
Actual
Last Year
Page 21 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2012 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 7,258,171 6,667,414 ‐8.14%
Feb 15,671,939 15,284,017 ‐2.48%
Mar 22,974,974 22,281,867 ‐3.02%
Apr 31,714,581 31,242,984 ‐1.49%
May 39,039,815 38,877,391 ‐0.42%
Jun 48,320,533 47,714,859 ‐1.25%
Jul 56,125,630 55,549,735 ‐1.03%
Aug 64,358,342 63,356,444 ‐1.56%
Sep 72,584,418 71,327,565 ‐1.73%
Oct 84,769,196
Nov 93,133,392
Dec 102,353,876
Percent of budget expended 69.69%
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 142,332 138,621 ‐2.61%
Jul 166,209 161,791 ‐2.66%
Aug 189,913 184,727 ‐2.73%
Sep 213,507 207,888 ‐2.63%
Oct 235,771
Nov 259,647
Dec 284,087
Percent of budget expended 73.18%
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Budget
Actual
Last Year
Page 22 of 37
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 714,061 660,020 ‐7.57%
Jul 838,503 775,729 ‐7.49%
Aug 949,052 892,376 ‐5.97%
Sep 1,083,306 1,001,508 ‐7.55%
Oct 1,204,110
Nov 1,318,583
Dec 1,468,694
Percent of budget expended 68.19%
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 30,050 ‐17.68%
Jul 42,088 33,646 ‐20.06%
Aug 47,349 41,426 ‐12.51%
Sep 53,136 45,121 ‐15.08%
Oct 58,229
Nov 65,292
Dec 71,025
Percent of budget expended 63.53%
$‐
$30,000
$60,000
$90,000
$120,000
$150,000
$180,000
Budget
Actual
Last Year
Page 23 of 37
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 838,962 844,781 0.69%
Jul 978,014 982,591 0.47%
Aug 1,116,943 1,122,280 0.48%
Sep 1,255,965 1,261,497 0.44%
Oct 1,386,265
Nov 1,523,461
Dec 1,668,686
Percent of budget expended 75.60%
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 1,045,629 ‐2.25%
Jul 1,252,611 1,225,120 ‐2.19%
Aug 1,433,492 1,396,118 ‐2.61%
Sep 1,617,436 1,559,621 ‐3.57%
Oct 1,784,453
Nov 1,963,784
Dec 2,155,819
Percent of budget expended 72.34%
$‐
$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 24 of 37
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 478,179 476,538 ‐0.34%
Jul 557,987 553,718 ‐0.77%
Aug 637,894 630,909 ‐1.09%
Sep 717,523 708,111 ‐1.31%
Oct 794,989
Nov 873,950
Dec 952,912
Percent of budget expended 74.31%
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 1,465,542 ‐16.14%
Jul 2,032,811 1,725,325 ‐15.13%
Aug 2,290,533 2,001,005 ‐12.64%
Sep 2,593,698 2,272,559 ‐12.38%
Oct 2,863,779
Nov 3,141,884
Dec 3,434,929
Percent of budget expended 66.16%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
Millions
Budget
Actual
Last Year
Page 25 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2012 Budget Year
Economic
Development Budget
YTD
Actual
Annual %
over (under)
Jan 55,243 46,930 ‐15.05%
Feb 116,456 105,987 ‐8.99%
Mar 165,674 149,151 ‐9.97%
Apr 218,709 188,315 ‐13.90%
May 279,574 229,561 ‐17.89%
Jun 328,688 271,554 ‐17.38%
Jul 384,444 311,183 ‐19.06%
Aug 434,826 355,162 ‐18.32%
Sep 499,869 394,501 ‐21.08%
Oct 555,504
Nov 613,779
Dec 675,136
Percent of budget expended 58.43%
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 719,930 738,072 2.52%
Jul 836,707 858,754 2.63%
Aug 990,965 995,013 0.41%
Sep 1,160,034 1,121,575 ‐3.32%
Oct 1,277,610
Nov 1,377,062
Dec 1,516,719
Percent of budget expended 73.95%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
Millions
Budget
Actual
Last Year
Page 26 of 37
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 922,974 995,643 7.87%
Jul 1,070,091 1,172,818 9.60%
Aug 1,235,336 1,348,224 9.14%
Sep 1,414,702 1,487,821 5.17%
Oct 1,554,314
Nov 1,696,851
Dec 2,161,836
Percent of budget expended 68.82%
YTD Annual % $1 20
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 548,623 343,072 ‐37.47%
Jul 613,605 611,198 ‐0.39%
Aug 677,277 677,021 ‐0.04%
Sep 742,449 739,885 ‐0.35%
Oct 863,525
Nov 930,561
Dec 1,002,105
Percent of budget expended 73.83%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Budget
Actual
Last Year
Page 27 of 37
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 458,275 459,361 0.24%
Jul 539,353 540,433 0.20%
Aug 617,162 625,233 1.31%
Sep 695,139 700,143 0.72%
Oct 771,451
Nov 853,247
Dec 946,956
Percent of budget expended 73.94%
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 14,358,981 14,209,937 ‐1.04%
Jul 16,547,749 16,456,908 ‐0.55%
Aug 18,883,699 18,597,181 ‐1.52%
Sep 21,553,177 21,374,890 ‐0.83%
Oct 25,357,122
Nov 27,888,227
Dec 30,555,217
Percent of budget expended 69.95%
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
Budget
Actual
Last Year
Page 28 of 37
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 12,628,919 3.22%
Jul 14,209,782 14,471,622 1.84%
Aug 16,254,213 16,441,012 1.15%
Sep 18,244,725 18,352,396 0.59%
Oct 20,112,582
Nov 22,108,827
Dec 24,099,606
Percent of budget expended 76.15%
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 208,186 215,856 3.68%
Jul 243,168 250,982 3.21%
Aug 278,693 285,879 2.58%
Sep 315,161 320,209 1.60%
Oct 349,074
Nov 384,584
Dec 421,043
Percent of budget expended 76.05%
$‐
$0.05
$0.10
$0.15
$0.20
$0.25
$0.30
$0.35
$0.40
$0.45
Budget
Actual
Last Year
Page 29 of 37
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 1,823,313 ‐1.61%
Jul 2,222,702 2,170,674 ‐2.34%
Aug 2,589,857 2,541,158 ‐1.88%
Sep 2,973,223 2,927,216 ‐1.55%
Oct 3,348,621
Nov 3,709,562
Dec 4,045,762
Percent of budget expended 72.35%
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 302,748 275,550 ‐8.98%
Jul 372,183 319,721 ‐14.10%
Aug 433,495 363,538 ‐16.14%
Sep 494,583 417,421 ‐15.60%
Oct 561,935
Nov 625,369
Dec 685,122
Percent of budget expended 60.93%
$‐
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
Budget
Actual
Last Year
Page 30 of 37
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 2,133,041 ‐5.01%
Jul 2,856,921 2,707,614 ‐5.23%
Aug 3,525,903 3,346,772 ‐5.08%
Sep 4,078,172 3,831,606 ‐6.05%
Oct 4,458,478
Nov 4,852,563
Dec 5,276,859
Percent of budget expended 72.61%
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 539,264 546,207 1.29%
Jul 716,044 682,779 ‐4.65%
Aug 792,431 748,587 ‐5.53%
Sep 859,537 797,375 ‐7.23%
Oct 1,005,515
Nov 1,095,976
Dec 1,277,487
Percent of budget expended 62.42%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
Budget
Actual
Last Year
Page 31 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2012 Budget Year
Neighborhoods
, Resources,
and Events Budget
YTD
Actual
Annual %
over (under)
Jan 44,479 46,222 3.92%
Feb 88,386 89,449 1.20%
Mar 135,715 144,802 6.70%
Apr 191,514 189,349 ‐1.13%
May 245,758 235,954 ‐3.99%
Jun 329,789 293,480 ‐11.01%
Jul 411,262 369,868 ‐10.07%
Aug 484,411 429,999 ‐11.23%
Sep 548,933 486,854 ‐11.31%
Oct 594,146
Nov 656,233
Dec 775,917
Percent of budget expended 62.75%
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 263,606 263,606 0.00%
Jul 266,106 266,106 0.00%
Aug 268,606 268,606 0.00%
Sep 271,106 271,106 0.00%
Oct 191,667
Nov 210,833
Dec 230,000
Percent of budget expended 117.87%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
Budget
Actual
Last Year
Page 32 of 37
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 106,029 108,238 2.08%
Jul 124,048 126,037 1.60%
Aug 141,990 144,117 1.50%
Sep 160,056 162,485 1.52%
Oct 177,858
Nov 195,702
Dec 213,533
Percent of budget expended 76.09%
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 232,725 236,629 1.68%
Jul 271,807 275,725 1.44%
Aug 311,339 315,216 1.25%
Sep 350,878 354,626 1.07%
Oct 388,230
Nov 426,925
Dec 465,889
Percent of budget expended 76.12%
$‐
$0.20
$0.40
$0.60
Budget
Actual
Last Year
Page 33 of 37
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 1,857,066 1.94%
Jul 2,128,792 2,168,603 1.87%
Aug 2,447,569 2,463,011 0.63%
Sep 2,764,011 2,757,612 ‐0.23%
Oct 3,088,569
Nov 3,403,987
Dec 3,728,945
Percent of budget expended 73.95%
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 2,150,841 ‐7.06%
Jul 2,673,048 2,561,195 ‐4.18%
Aug 3,094,333 2,910,811 ‐5.93%
Sep 3,467,142 3,316,587 ‐4.34%
Oct 3,889,049
Nov 4,270,515
Dec 4,763,972
Percent of budget expended 69.62%
$‐
$1
$2
$3
$4
$5
$6
Budget
Actual
Last Year
Page 34 of 37
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 1,905,620 1,905,620 0.00%
Jul 1,905,620 1,905,620 0.00%
Aug 2,158,688 2,158,688 0.00%
Sep 2,158,688 2,158,688 0.00%
Oct 5,442,811
Nov 5,987,092
Dec 6,531,373
Percent of budget expended 33.05%
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 1,597,673 1,597,673 0.00%
Jul 1,863,974 1,863,974 0.00%
Aug 2,072,373 2,072,373 0.00%
Sep 2,298,266 2,298,266 0.00%
Oct 2,453,540
Nov 2,698,894
Dec 2,944,248
Percent of budget expended 78.06%
$‐
$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 35 of 37
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 30,561,965 25,608,749
Jul 36,738,457 36,536,725 30,837,617
Aug 41,485,486 41,774,863 35,411,926
Sep 47,210,495 47,449,846 39,860,995
Oct 52,849,867
Nov 58,237,289
Dec 67,118,933
Percent of budget expended 48.18%
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 1,360,778 1,122,991
Jul 3,375,334 1,744,572 1,261,393
Aug 4,206,194 1,950,517 1,464,878
Sep 4,852,959 2,169,957 1,602,471
Oct 5,709,245
Nov 6,373,308
Dec 6,946,991
Percent of budget expended 23.07%
Note: Operations and Capital
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
Budget
Revenue
Expense
Page 36 of 37
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 1,025,729 960,462
Jul 758,375 1,360,143 1,123,018
Aug 865,936 1,651,168 1,278,288
Sep 957,161 1,889,788 1,442,297
Oct 1,041,874
Nov 1,206,844
Dec 2,637,204
Percent of budget expended 54.69%
Note: Operations and Capital
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
$2.10
$2.40
$2.70
$3.00
Millions Golf Course
Budget
Revenue
Expense
Page 37 of 37