HomeMy WebLinkAbout201607, JulyADMINISTRATIVE SERVICES
DEPARTMENT
M E M O R A N D U M
DATE: September 20, 2016
TO: Randy Corman, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: July 2016 Financial Status Report
At the end of July, general governmental revenues show $3.7 million or 5.5% over budget.
Revenue source(s) that are higher than expected are: sales tax ($1 million); sales tax annexation
credit ($206k); utility taxes ($275k); gambling taxes ($480k); real estate excise taxes ($252k);
business & occupation taxes ($439k); state shared revenues ($256k); franchise fees ($120k);
building permits & development service fees ($153k); public safety ($204k); seizure funds ($658k,
restricted to drug enforcement and not available for general purposes); interest earnings ($198k)
and other miscellaneous ($103k). If we remove seizure funds, general governmental revenues
are $3.1 million or 4.5% over budget. On the down side, the revenue source(s) that are
underperforming the year to date budget are property tax ($126k below); interfund/interdept
services ($219k below) and fines & penalties ($190k below).
General government expenditures showed a favorable variance of $3.3 million or 4.7%. See page
10 of report for further expenditure over‐spent explanations.
The attached report provides more detailed discussion of each revenue source and our updated
projections for the year. Please do not hesitate to contact me at x6952 should you have any
questions or any suggestions about the report.
This page is intentionally left blank
General Governmental Funds
$%
Beginning Fund Balance 17,454,261$ 17,454,261$ 17,565,282$ 17,565,282$ 19,962,845$ 19,962,845$ 19,962,845$ ‐ 0.0%
OPERATING REVENUES
Property Tax 35,295,390 18,309,728 36,369,429 19,270,155 37,213,314 19,717,283 19,591,281 (126,002) ‐0.6%
Sales Tax 21,512,379 11,968,696 23,439,266 12,965,630 23,999,421 13,545,798 14,588,197 1,042,398 7.7%
Sales Tax ‐ Annexation Credit 2,542,394 1,411,086 2,778,858 1,537,488 2,748,167 1,522,795 1,728,882 206,087 13.5%
Criminal Justice Sales Tax 2,267,947 1,266,133 2,484,718 1,375,384 2,580,795 1,434,398 1,514,910 80,513 5.6%
Natural Gas Use Tax 271,485 205,804 228,899 164,540 268,000 192,647 132,033 (60,614) ‐31.5%
Admission Tax 310,311 233,681 309,790 234,588 320,000 241,648 201,603 (40,045) ‐16.6%
Franchise Fees 1,342,269 970,939 1,349,154 1,009,218 1,260,000 927,018 1,047,459 120,441 13.0%
Electricity Tax 5,167,444 3,141,952 5,012,962 2,825,401 4,946,019 2,899,162 3,286,831 387,669 13.4%
Natural Gas Utility Tax 1,562,341 1,139,753 1,437,552 1,001,485 1,350,900 964,234 932,161 (32,074) ‐3.3%
Garbage/Solid Waste 573,457 330,069 638,073 346,373 580,000 323,836 399,216 75,380 23.3%
TV Cable 1,518,821 867,188 1,591,866 905,533 1,629,365 928,544 914,541 (14,003) ‐1.5%
Telephone 909,088 514,864 880,233 526,776 952,500 554,491 511,087 (43,404) ‐7.8%
Cellular Phone 1,951,925 1,069,543 1,674,355 964,725 1,671,056 937,428 947,235 9,808 1.0%
City Utilities 3,961,052 2,301,923 4,183,165 2,451,380 4,208,377 2,456,183 2,408,536 (47,647) ‐1.9%
Utility Tax Audit 460,513 460,513 1,962,092 1,446,078 111,227 111,227 111,227 ‐ 0.0%
Leasehold Excise Tax 171,470 89,256 163,314 84,782 179,000 93,053 87,456 (5,597) ‐6.0%
Gambling Excise Tax 1,650,384 919,169 2,299,156 1,271,410 1,600,000 887,426 1,367,844 480,417 54.1%
Real Estate Excise Tax 4,348,762 2,984,646 4,595,166 2,602,732 4,000,000 3,218,781 3,470,703 251,922 7.8%
Less: CIP REET (1,650,000) (566,047) (1,401,300) (650,683) (2,000,000) (1,735,351) (1,735,351) ‐ 0.0%
EMS Levy 916,361 450,784 936,406 234,102 1,069,454 479,597 479,597 ‐ 0.0%
B&O Taxes ‐ ‐ ‐ ‐ 5,000,000 4,750,000 5,289,180 539,180 11.4%
Less: CIP B&O Taxes ‐ ‐ ‐ ‐ (2,000,000) (1,900,000) (2,000,000) (100,000) 5.3%
Business License Fees 2,965,850 2,093,034 3,125,740 2,188,980 1,921,000 1,550,443 1,460,529 (89,914) ‐5.8%
Less: CIP Business License Fees (2,450,295) (1,730,529) (2,584,164) (1,811,112) (1,619,000) (1,298,934) (1,209,063) 89,871 ‐6.9%
Animal Licenses and Spec Events Permits 95,698 65,576 101,743 64,170 91,000 59,445 61,866 2,421 4.1%
Building Permits & Development Svc Fees 4,519,234 2,762,637 6,077,055 3,653,786 5,173,368 3,117,823 3,270,705 152,881 4.9%
Intergovt'l (Grants, State Shared, etc)4,522,540 2,703,122 4,053,617 2,233,580 4,584,490 2,197,806 2,361,003 163,196 7.4%
Fire District 25 and 40 Contracts 5,959,428 2,977,343 6,369,132 3,105,766 6,128,712 3,353,423 3,353,423 ‐ 0.0%
Public Safety 844,375 444,005 649,797 436,585 630,135 371,073 575,496 204,423 55.1%
Culture and Recreation 1,485,123 981,907 1,587,878 995,551 1,727,393 1,111,567 1,022,095 (89,471) ‐8.0%
Interfund/Interdept‐Services 3,270,503 1,933,148 3,106,430 1,843,723 3,689,406 2,152,154 1,933,634 (218,520) ‐10.2%
Fines and Penalties 962,977 593,389 848,052 455,490 1,126,500 655,949 433,790 (222,159) ‐33.9%
Photo Enforcement 1,719,971 799,863 2,171,184 1,151,572 2,194,000 1,100,303 1,132,954 32,652 3.0%
Seizure Funds ‐ Federal/State/Local 68,870 3,346 21,676 6,444 50,000 5,406 663,143 657,737 12166.6%
Interests and Other Earnings 981,630 79,505 973,208 401,205 875,300 215,243 413,380 198,137 92.1%
Rents, Leases, and Concessions 711,070 514,153 762,361 516,109 598,616 418,568 416,116 (2,452) ‐0.6%
Contributions and Donations 113,626 65,672 147,292 79,984 96,700 53,982 66,173 12,191 22.6%
Other Miscellaneous 879,105 482,673 941,127 566,036 705,630 414,148 517,172 103,024 24.9%
Other Financing Sources (Transfer‐In, etc) 48,632 8,617 270,224 8,107 250,000 6,075 6,075 ‐ 0.0%
Total Operating Revenues 111,782,133 62,847,141 119,555,505 66,463,072 119,910,845 68,034,670 71,753,118 3,718,448 5.5%
OPERATING EXPENDITURES
Council 309,317 185,030 320,877 191,473 375,761 224,495 214,274 10,221 4.6%
Executive 1,338,738 742,514 1,691,189 814,282 1,784,464 916,869 1,019,792 (102,923) ‐11.2%
City Attorney 1,829,254 1,035,254 1,791,167 1,062,566 2,213,353 1,282,507 1,173,342 109,165 8.5%
Court Services 2,016,273 1,167,708 2,013,364 1,162,369 2,187,710 1,265,010 1,191,366 73,644 5.8%
Community and Eco Dvlpmnt Admin 1,010,761 587,213 1,183,052 735,445 1,163,302 701,359 671,572 29,786 4.2%
Development Services 2,659,078 1,593,443 2,632,264 1,514,993 3,225,543 1,894,868 1,606,944 287,925 15.2%
Economic Development 654,007 353,794 658,515 375,085 1,640,872 911,220 563,033 348,187 38.2%
Planning 2,095,706 1,107,408 2,606,551 1,537,578 3,019,484 1,698,438 1,553,419 145,020 8.5%
Finance 2,644,827 1,336,451 3,132,812 1,427,769 2,953,369 1,412,993 1,550,596 (137,603) ‐9.7%
City Clerk 1,152,246 650,434 1,027,084 472,059 1,151,870 593,286 541,066 52,219 8.8%
Human Resources 922,668 516,316 1,182,629 659,471 1,372,669 766,621 675,537 91,084 11.9%
Police 26,383,640 15,223,692 28,144,699 16,284,443 30,153,639 17,423,691 16,554,469 869,221 5.0%
Jail Services 3,760,273 2,194,316 4,142,266 2,417,882 4,703,000 2,744,498 2,744,498 ‐ 0.0%
Fire 25,240,760 14,602,905 26,536,999 15,607,269 28,869,022 19,651,039 19,651,039 ‐ 0.0%
Community Services Admin 480,057 273,074 508,766 289,892 655,344 373,106 325,143 47,964 12.9%
Parks 4,070,181 2,221,396 4,411,383 2,473,410 5,065,610 2,803,971 2,449,585 354,386 12.6%
Parks Planning & Natural Resources 722,739 388,391 808,558 418,287 1,292,543 680,904 460,928 219,976 32.3%
Recreation 4,823,865 2,585,687 5,088,483 2,821,618 5,350,288 2,918,647 2,839,821 78,826 2.7%
Human Services 1,159,189 632,253 1,225,835 685,824 1,258,447 695,477 613,350 82,127 11.8%
Neighborhoods, Resources, & Events 875,223 472,085 958,624 520,522 1,096,033 593,251 482,399 110,852 18.7%
Museum 214,291 121,764 227,094 131,778 235,281 135,152 131,860 3,292 2.4%
Public Works Admin 389,493 225,599 387,493 225,570 413,579 240,151 234,053 6,098 2.5%
Street Maintenance 4,503,315 2,532,280 5,061,723 2,920,408 5,420,445 3,090,003 2,917,165 172,838 5.6%
Transportation 4,263,725 2,426,304 4,975,059 2,724,715 6,149,047 3,428,357 2,988,891 439,467 12.8%
Debt Service 8,393,140 2,068,927 6,371,715 1,072,897 6,248,676 1,191,679 1,191,679 ‐ 0.0%
Non‐Departmental and Other 9,758,346 6,782,586 10,069,740 5,791,355 7,048,924 2,860,383 2,860,383 ‐ 0.0%
Total Operating Expenditures 111,671,112 62,026,823 117,157,942 64,338,959 125,048,276 70,497,974 67,206,203 3,291,771 4.7%
Total Ending Fund Balance 17,565,282$ 18,274,580$ 19,962,846$ 19,689,395$ 14,825,414$ 17,499,542$ 24,509,761$ 7,010,219$ 40.1%
Favorable (Unfavorable)
2014 2015 2016 Variance
Annual Actual YTD Actual Annual Budget YTD Budget YTD ActualSummary of Sources and Uses Annual Actual YTD Actual
Monthly Financial Report July 2016
Page 1 of 37
Monthly Financial Report July 2016
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through July 31, 2016. 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 two years. The table on the previous page summarizes the general governmental fund
revenues and expenditures.
Revenues
Taxes
The combined collection of property, sales/use, utility, gambling, admissions, and real estate excise taxes represents 74% of
all resources supporting general governmental activities. The following section provides detail information on property,
sales, utility, and other taxes.
Property Tax
July’s collection is $57k, making
the total year‐to‐date collection
$19.6 million or 52.6% of the
total budget. In comparison to
the previous year, the City
collected $321k or 2% more.
Compared to the budget, the City
is under projections by $126k or
1%. The April/May variance is
due to the timing of collections in
the current year compared to the
prior year.
Sales Tax
July 2016 sales tax receipts
totaled $2.1 million. Compared
with the same month last year, it
is $237k or 13% more. Compared
to the projected current month’s
budget, it is $196k or 10% above.
The year‐to‐date collection of
$14.6 million is $1.6 million or
13% more than the prior year and
is also $1 million or 8% more than
budgeted. New Construction,
Auto Sales and Services are the
sectors that are collecting more
than anticipated. 2016’s monthly
budgets are generally based on
2010 through 2015 collections.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 67,234$ 68,794$ 44,745$ (22,489)$ ‐33% (24,049)$ ‐35%
Feb 307,006 314,129 315,119 8,113 3% 990 0%
Mar 939,218 961,010 1,273,685 334,468 36% 312,675 33%
Apr 10,160,118 10,395,864 7,856,230 (2,303,888) ‐23% (2,539,634) ‐24%
May 7,583,868 7,759,837 9,906,533 2,322,666 31% 2,146,696 28%
Jun 147,318 150,736 137,794 (9,524) ‐6% (12,942) ‐9%
Jul 65,395 66,912 57,174 (8,221) ‐13% (9,739) ‐15%
Aug 94,817 97,017
Sep 561,525 574,554
Oct 6,263,616 6,408,951
Nov 9,975,046 10,206,498
Dec 204,271 209,010
YTD Total 19,270,155$ 19,717,283$ 19,591,281$ 321,126$ 2% (126,002)$ ‐1%
Annual Total 36,369,429$ 37,213,314$
Property Tax Revenues
Year to Date through July
2016 vs. 2015 2016 vs. Budget
Month
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 1,758,332$ 1,862,249$ 1,978,530$ 220,198$ 13% 116,281$ 6%
Feb 2,260,395 2,291,583 2,320,497 60,102 3% 28,913 1%
Mar 1,674,147 1,777,535 1,854,773 180,626 11% 77,238 4%
Apr 1,750,506 1,766,278 1,888,875 138,369 8% 122,597 7%
May 1,977,843 2,098,153 2,314,220 336,377 17% 216,067 10%
Jun 1,677,458 1,842,450 2,127,406 449,947 27% 284,956 15%
Jul 1,866,949 1,907,549 2,103,896 236,948 13% 196,347 10%
Aug 2,178,289 2,108,862 ‐
Sep 2,100,591 2,030,965 ‐
Oct 2,014,951 2,100,010 ‐
Nov 2,158,753 2,153,518 ‐
Dec 2,021,053 2,060,268 ‐
YTD Total 12,965,630$ 13,545,798$ 14,588,197$ 1,622,567$ 13% 1,042,398$ 8%
Annual Total 23,439,266$ 23,999,421$
2016 vs. Budget2016 vs. 2015
Month
Year to Date through July
Local Retail Sales Tax Revenues
Page 2 of 37
Monthly Financial Report July 2016
The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business
sectors:
Utility tax
July utility tax revenues are $1.3
million, which is $899k or 41%
lower than the same month last
year but is higher than the
budget by $111k or 10%. The
year‐to‐date collection is $9.6
million, which is $989k or 9%
lower than the prior year but is
$275k or 3% higher than the
budget. The large June/July
variance with the prior year is
due to the recognition of utility
tax audit proceeds.
The table below breaks out Utility Tax by source. The utility tax audit revenues are gross and do not include the related
audit fees ($26k).
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 1,199,348$ 1,384,085$ 1,509,960$ 310,612$ 26% 125,875$ 9%
Feb 1,371,771 1,418,341 1,597,348 225,577 16% 179,007 13%
Mar 1,544,060 1,553,221 1,423,774 (120,286) ‐8% (129,448) ‐8%
Apr 1,263,898 1,221,113 1,346,282 82,383 7% 125,169 10%
May 1,262,764 1,307,620 1,363,323 100,559 8% 55,703 4%
Jun 1,815,284 1,318,211 1,125,845 (689,439) ‐38% (192,366) ‐15%
Jul 2,175,167 1,165,160 1,276,335 (898,831) ‐41% 111,175 10%
Aug 1,351,000 1,299,385
Sep 1,214,144 1,203,343
Oct 1,204,406 1,193,676
Nov 1,342,058 1,262,186
Dec 1,865,296 1,391,102
YTD Total 10,632,292$ 9,367,751$ 9,642,866$ (989,426)$ ‐9% 275,115$ 3%
Annual Total 17,609,196$ 15,717,444$
2016 vs. Budget2016 vs. 2015
Year to Date through July
Utility Tax Revenues
Month
Sales Tax by Sector 2015 2016 Bgt YTD Act Change 2016/2015 2016 Act vs Bgt
New Construction 1,497,447$ 1,731,085$ 2,351,822$ 854,374$ 57% $ 620,737 36%
Auto Sales 2,556,135 2,661,798 2,791,024 234,889 9% 129,226 5%
General Retail 4,059,742 4,114,551 4,182,666 122,923 3% 68,114 2%
Manufacturing 1,033,442 998,714 1,023,797 (9,645) ‐1% 25,083 3%
Wholesale 667,696 680,744 706,355 38,659 6% 25,611 4%
Service 2,823,323 3,004,434 3,192,103 368,780 13% 187,669 6%
Other 327,844 354,473 340,431 12,587 4% (14,042)‐4%
YTD Total 12,965,630$ 13,545,798$ 14,588,197$ 1,622,567$ 13%1,042,398$ 8%
Note: Excludes Annexation Credit and Criminal Justice Sales Tax revenue.
Utility Tax by Type 2015 2016 Bgt YTD Act Change 2016/2015 2016 Act vs Bgt
Electrical 2,825,401$ 2,899,162$ 3,286,831$ 461,430$ 16% $ 387,669 13%
Natural Gas 1,166,025 1,156,881 1,064,193 (101,832) ‐9% (92,688)‐8%
Cell 964,725 937,428 947,235 (17,490) ‐2% 9,808 1%
Phone 526,776 554,491 511,087 (15,689) ‐3% (43,404)‐8%
Cable 905,533 928,544 914,541 9,008 1% (14,003)‐2%
Garbage/Solid Waste 346,373 323,836 399,216 52,843 15% 75,380 23%
City Utilities 2,451,380 2,456,183 2,408,536 (42,844) ‐2% (47,647)‐2%
Utility Tax Audit 1,446,078 111,227 111,227 (1,334,851) ‐92% ‐ 0%
YTD Total 10,632,292$ 9,367,751$ 9,642,866$ (989,426)$ ‐9%275,115$ 3%
Annual Total 17,609,196$ 15,717,444$
YTD as % of 60% 60%
Page 3 of 37
Monthly Financial Report July 2016
Other Taxes
Real Estate Excise Tax
The City collected $644k in Real
Estate Excise Tax revenues (REET)
for July. This is $81k or 14% more
than the same month last year
and is also $82k or 15% more
than the current month’s budget.
The year‐to‐date collection is
$3.5 million, which is $868k or
33% more than the prior year and
is also $252k or 8% above the
budget. The higher than
expected variance is due to 15
large transactions in December,
January, April and June which
accounts for $1.3 million of the
total REET collected.
Gambling Tax
July’s Gambling Tax collections
totaled $194k, which is right on
target with the same month last
year and is above the current
month’s budget by $66k or 51%.
The year‐to‐date total of $1.4
million is $96k or 8% above the
prior year and is also $480k or
54% above budget. $60k of the
year‐to‐date collections are from
a payment plan of back taxes
earned in 2013/2014.
Pull tabs overall had a 0%
increase, bingo had a 92%
decrease (bingo establishment
closed December 2015), and card‐rooms are seeing 11% higher in activities when compared to the prior year.
Franchise Fees
Franchise Fees are due quarterly
in January, April, July, and
October. The year‐to‐date total
of $1 million is $38k or 4% higher
than the prior year and is also
$120k or 13% above the
projected year‐to‐date budget.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 226,377$ 704,460$ 1,204,479$ 978,102$ 432% 500,019$ 71%
Feb 158,616 262,383 197,327 38,710 24% (65,057) ‐25%
Mar 343,579 254,292 208,452 (135,127) ‐39% (45,840) ‐18%
Apr 438,485 529,653 335,985 (102,500) ‐23% (193,668) ‐37%
May 394,014 410,185 475,244 81,230 21% 65,059 16%
Jun 478,186 496,031 405,179 (73,008) ‐15% (90,853) ‐18%
Jul 563,474 561,776 644,038 80,564 14% 82,262 15%
Aug 281,921 183,167
Sep 449,693 199,799
Oct 497,978 266,884
Nov 325,743 115,882
Dec 437,098 15,488
YTD Total 2,602,732$ 3,218,781$ 3,470,703$ 867,971$ 33% 251,922$ 8%
Annual Total 4,595,166$ 4,000,000$
Month
2016 vs. Budget2016 vs. 2015
Real Estate Excise Tax Revenues
Year to Date through July
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 158,293$ 117,510$ 189,749$ 31,457$ 20% 72,239$ 61%
Feb 184,189 128,540 207,961 23,772 13% 79,420 62%
Mar 169,262 130,833 195,255 25,993 15% 64,421 49%
Apr 207,646 126,243 197,286 (10,361) ‐5% 71,043 56%
May 183,090 130,206 198,234 15,144 8% 68,027 52%
Jun 174,036 125,477 185,042 11,007 6% 59,565 47%
Jul 194,895 128,616 194,317 (578) 0% 65,701 51%
Aug 226,785 144,692 ‐
Sep 180,986 129,810 ‐
Oct 215,119 150,141 ‐
Nov 212,838 149,793 ‐
Dec 192,018 138,138 ‐
YTD Total 1,271,410$ 887,426$ 1,367,844$ 96,434$ 8% 480,417$ 54%
Annual Total 2,299,156$ 1,600,000$
2016 vs. 2015
Gambling Tax Revenue
Month
Year to Date through July
2016 vs. Budget
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 333,343$ 307,326$ 348,118$ 14,775$ 4% 40,792$ 13%
Apr 335,218 308,402 355,430 20,212 6% 47,028 15%
Jul 340,657 311,290 343,910 3,254 1% 32,621 10%
Oct 339,936 309,807 ‐
Dec ‐ 23,175 ‐
YTD Total 1,009,218$ 927,018$ 1,047,459$ 38,241$ 4% 120,441$ 13%
Annual Total 1,349,154$ 1,260,000$
Franchise Fees Revenue
Year to Date through July
Month
2016 vs. 2015 2016 vs. Budget
Page 4 of 37
Monthly Financial Report July 2016
Admission Tax
Admission Tax returns are due
quarterly in January, April, July,
and October of each year. July
2016 collections represent
activities conducted during the
2nd quarter of 2016. The year‐to‐
date collection of $202k is $31k
or 14% less than the prior year
and is also $39k or 17% less than
the budget. The decline in
revenue is due to the closure of
Regal East Valley 13 Theater at
the end of 2015.
Business & Occupation Tax
Business and Occupation (B&O)
Tax is a new revenue source for
the City in 2016. It was adopted
by the Council in the 2015/2016
biennial budget. Businesses with
gross receipts of $1.5 million or
more per year, earned within the
City of Renton, will be required to
file and pay B&O tax, in lieu of the
Per Employee Fee, which is
currently reported as Business
License revenue. Year‐to‐date
receipts totaled $5.3 million. This
is due to one business reporting a
full year’s worth of activity.
Licenses and Permits
Business Licenses
Business Licenses totaled $249k
for July, which is $397k or 61%
below the same month last year
but is $44k or 21% above the
current month’s budget. The
year‐to‐date Business Licenses
revenue of $1.5 million is $729k
or 33% below the prior year and
is also below the budget by $90k
or 6%. The annual budget was
decreased due to the City
adopting the Business &
Occupation Tax for 2016.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 83,675$ 84,589$ 76,393$ (7,282)$ ‐9% (8,196)$ ‐10%
Feb 1,371 707 1,360 (11) ‐1% 652 92%
Mar 106 55 ‐
Apr 65,108 71,870 63,088 (2,020) ‐3% (8,782) ‐12%
May 1,523 786 ‐
Jun ‐ 75 ‐
Jul 82,804 83,565 60,763 (22,042) ‐27% (22,803) ‐27%
Oct 75,167 78,334 ‐
Nov 35 18 ‐
YTD Total 234,588$ 241,648$ 201,603$ (31,356)$ ‐14% (39,129)$ ‐17%
Annual Total 309,790$ 320,000$
2016 vs. Budget
Admission Tax Revenue
Year to Date through July
Month
2016 vs. 2015
2015 2016 2016
Actual Budget Actual $ % $ %
Jan ‐$ ‐$ ‐$
Feb ‐ ‐ ‐
Mar ‐ ‐ ‐
Apr ‐ 4,500,000 4,578,349 4,578,349 100% 78,349 2%
May ‐ ‐ 304,032 304,032 100% 304,032 100%
Jun ‐ ‐ 30,591 30,591 100% 30,591 100%
Jul ‐ 250,000 376,209 376,209 100% 126,209 50%
Aug ‐ ‐ ‐
Sep ‐ ‐ ‐
Oct ‐ 250,000 ‐
Nov ‐ ‐ ‐
Dec ‐ ‐ ‐
YTD Total ‐$ 4,750,000$ 5,289,180$ 5,289,180$ 100% 539,180$ 11%
Annual Total ‐$ 5,000,000$
*Total Business & Occupation Taxes (GF & CIP)
Business & Occupation Taxes*
Year to Date through July
Month
2016 vs. 2015 2016 vs. Budget
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 588,093$ 973,876 559,894$ (28,199)$ ‐5% (413,982)$ ‐43%
Feb 222,022 116,051 275,059 53,038 24% 159,009 137%
Mar 26,067 17,169 31,642 5,575 21% 14,473 84%
Apr 513,360 137,602 207,099 (306,261) ‐60% 69,497 51%
May 167,985 80,333 111,131 (56,855) ‐34% 30,797 38%
Jun 25,663 20,615 26,936 1,273 5% 6,321 31%
Jul 645,791 204,797 248,769 (397,022) ‐61% 43,971 21%
Aug 134,328 72,612 ‐
Sep 29,333 18,289 ‐
Oct 637,451 196,327 ‐
Nov 117,394 71,061 ‐
Dec 18,254 12,268 ‐
YTD Total 2,188,980$ 1,550,443$ 1,460,529$ (728,451)$ ‐33% (89,914)$ ‐6%
Annual Total 3,125,740$ 1,921,000$
*Total Business License (GF & CIP)
Business Licenses*
Month
2016 vs. 2015
Year to Date through July
2016 vs. Budget
Page 5 of 37
Monthly Financial Report July 2016
Building Permits and
Development Service Fees
Building Permits and
Development Service Fee
revenues totaled $462k in July.
The year‐to‐date development
fees revenue of $3.3 million is
$383k or 10% less than the year
before but is $153k or 5% higher
than budget. The large variances
in January, March, June and July
are due to large payments for
building permits and plan review
(Southport Developer, Group
Health, Boeing and Paccar).
Intergovernmental
These revenue sources
include federal (direct
and indirect) grants,
state grants, state
shared revenues, local
grants, and
entitlements. State
shared revenues and
Fire Districts’ 25 and 40
contracts compose 88%
of the total revenues in this category. The year‐to‐date total Intergovernmental revenue is $7.7 million or 54% of the budget.
State Shared Revenues
State Shared Revenue
collections totaled $3.4
million since the start of
the year. Compared to
the prior year, State
Shared Revenues are
above by $474k or 16%.
Compared to the
projected budget, the
City is collecting $256k
or 8% more. The higher
than expected collection
is due to collecting more
than anticipated
Criminal Justice’s Sales Tax, Criminal Justice’s High Crime and Liquor Excise Tax.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 260,603$ 341,282$ 661,363$ 400,760$ 154% 320,081$ 94%
Feb 328,557 364,818 413,420 84,863 26% 48,602 13%
Mar 275,826 319,009 583,658 307,832 112% 264,650 83%
Apr 655,282 492,468 336,108 (319,174) ‐49% (156,360) ‐32%
May 235,121 291,407 376,324 141,204 60% 84,917 29%
Jun 1,024,848 723,808 437,619 (587,229) ‐57% (286,189) ‐40%
Jul 873,549 585,030 462,211 (411,337) ‐47% (122,819) ‐21%
Aug 454,971 378,288
Sep 586,213 478,819
Oct 462,191 425,333
Nov 427,863 326,114
Dec 492,031 446,990
YTD Total 3,653,786$ 3,117,823$ 3,270,705$ (383,082)$ ‐10% 152,881$ 5%
Annual Total 6,077,055$ 5,173,368$
Building Permits and Development Service Fees
Year to Date through July
2016 vs. Budget2016 vs. 2015
Month
Intergovernmental 2015 2016 Bgt YTD Act Change 2016/2015 2016 Act vs Bgt
Fire District #25 628,463$ 698,123$ 698,123$ 69,660$ 11% $ ‐ 0%
Fire District #40 2,476,103 2,655,300 2,655,300 179,197 7%‐ 0%
State Shared Revenue 2,958,875 3,177,423 3,433,059 474,185 16% 255,636 8%
Federal Grants 453,556 241,372 241,372 (212,183) ‐47%‐ 0%
State Grants 39,151 39,421 39,421 270 1%‐ 0%
Other Grants/Intgovt 391,484 653,584 641,657 250,173 64% (11,927) ‐2%
ARRA Grants ‐ 0 ‐ ‐ N/A ‐ 0%
Total Rev YTD 6,947,631$ 7,465,223$ 7,708,932$ 761,301$ 11%243,709$ 3%
Total Rev Annual 13,842,673$ 14,363,451$
YTD %50% 52% 54%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
2015 2016 2016
Actual Budget Actual $ % $ %
Crim Just Sales Tax 1,375,384$ 1,434,398$ 1,514,910$ 139,527$ 10% 80,513$ 6%
Judicial Contribution 10,895 ‐ 12,200 1,305 12% 12,200 100%
Crim Just ‐ High Crime 125,694 147,960 226,089 100,394 80% 78,129 53%
Crim Just ‐ Pop 19,332 17,846 20,178 846 4% 2,332 13%
Crim Just ‐ Spec Prog 70,894 66,308 73,638 2,743 4% 7,329 11%
State DUI 10,847 12,670 11,527 680 6% (1,143) ‐9%
Marijuana Enforcement ‐ ‐ 5,854 5,854 100% 5,854 100%
Liquor Profits 425,911 425,218 424,476 (1,435) 0% (743) 0%
Liquor Excise Tax 153,491 283,540 338,846 185,356 121% 55,307 20%
Fuel Tax 766,428 789,483 805,341 38,914 5% 15,858 2%
YTD Total 2,958,875$ 3,177,423$ 3,433,059$ 474,185$ 16% 255,636$ 8%
Annual Total 5,439,235$ 5,672,795$
2016 vs. Budget
State Shared Revenues
2016 vs. 2015
Revenue
Year to Date through July
Page 6 of 37
Monthly Financial Report July 2016
Charges for Services
These revenue sources consist of general government, public safety, plan review and inspection, culture and recreation, and
interfund/interdepartmental sales and services. Recreation and interfund/interdepartmental sales and services constitute
64% of the total revenue in this category. The year‐to‐date total charges for services are $4.6 million or 58% of the budget.
The following sections provide detail information for Public Safety, Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totaled
$575k since the start of the year.
These services include private
security, adult probation
services, monitoring of prisoners,
and intergovernmental public
safety services (non‐grants).
Compared to the prior year, the
City is collecting $138k or 31%
more. Compared to the year‐to‐
date budget, the City is over
budget by $204k or 55%. The
variance with the prior year and
budget is due to collecting 3 large
payments/reimbursements for
electronic home detention and
School Resource Officer programs.
Recreation
Recreation revenues totaled
$325k for the current month.
Compared to the same month
the prior year, the City collected
$104k or 24% less. Compared to
the projected monthly budget,
the City collected $95k or 23%
less. The year‐to‐date collection
of $1 million is $27k or 3% higher
than the year before but is $89k
or 8% lower than the year‐to‐
date budget. The variance with
the prior year and monthly
budget is due to a change in how
the recreation class revenues are
recorded. The City is now
recognizing class revenues as the classes begin instead of when they are paid. The City currently has $235k in class revenues
to be recognized as soon as the classes begin.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 58,509$ 74,126$ 104,644$ 46,135$ 79% 30,518$ 41%
Feb 42,228 36,766 99,623 57,395 136% 62,858 171%
Mar 62,481 44,821 58,031 (4,450) ‐7% 13,211 29%
Apr 146,715 77,816 51,002 (95,713) ‐65% (26,814) ‐34%
May 55,309 38,231 48,201 (7,108) ‐13% 9,970 26%
Jun 33,004 59,020 179,089 146,085 443% 120,069 203%
Jul 39,540 40,294 34,906 (4,634) ‐12% (5,388) ‐13%
Aug 59,046 51,865 ‐
Sep 23,104 28,310 ‐
Oct 33,339 94,331 ‐
Nov 46,384 35,303 ‐
Dec 51,339 49,254 ‐
YTD Total 437,785$ 371,073$ 575,496$ 137,711$ 31% 204,423$ 55%
Annual Total 650,997$ 630,135$
Year to Date through July
Public Safety Services
2016 vs. 2015 2016 vs. Budget
Month
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 117,124$ 104,917$ 163,783$ 46,659$ 40% 58,866$ 56%
Feb 30,177 55,678 48,009 17,832 59% (7,669) ‐14%
Mar 35,946 57,563 60,615 24,669 69% 3,052 5%
Apr 91,404 152,158 112,627 21,224 23% (39,530) ‐26%
May 64,015 96,002 72,246 8,231 13% (23,756) ‐25%
Jun 227,942 225,001 239,771 11,829 5% 14,769 7%
Jul 428,943 420,247 325,043 (103,900) ‐24% (95,203) ‐23%
Aug 313,197 314,325 ‐
Sep 119,720 134,250 ‐
Oct 55,478 72,003 ‐
Nov 61,601 55,079 ‐
Dec 42,331 40,169 ‐
YTD Total 995,551$ 1,111,567$ 1,022,095$ 26,544$ 3% (89,471)$ ‐8%
Annual Total 1,587,878$ 1,727,393$
Recreation
Year to Date through July
2016 vs. Budget2016 vs. 2015
Month
Page 7 of 37
Monthly Financial Report July 2016
Interfund Services
The year‐to‐date collections for
Interfund Services revenues are
$1.9 million. Compared to the
prior year, the revenues are over
by $90k or 5%. Compared to the
projected budget, the revenues
are below by $219k or 10%.
2016’s monthly budgets are
based on 1/12th of the annual
budget. The majority of these
revenues are related to indirect
cost allocations, which are
internal administrative costs.
The remaining costs consist of
Development Services division’s
inspection fees, Parks Planning
and Natural Resources division’s capital investment program reimbursements, Transportation division’s capital investment
program reimbursements, and Maintenance division’s street maintenance reimbursements.
Fines and Penalties
These revenue sources contain
civil (penalties, infractions, and
parking), criminal (traffic, non‐
traffic, and costs), and non‐court
fines, forfeitures, and penalties.
The table below breaks down
these fines by type. The year‐to‐
date total fines and penalties is
$1.6 million. This is $40k or 3%
lower than a year ago and is also
$190k or 11% below the budget.
The reason for the variance with
the budget is due to a change in
accounting for December 2014’s
revenue. In the past we would
record December through
November, but starting in 2015 we are recording January through December. 2016’s budget is based on 2014/2015 activity.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 265,068$ 307,451$ 272,841$ 7,774$ 3% (34,609)$ ‐11%
Feb 264,413 307,451 286,748 22,336 8% (20,702) ‐7%
Mar 260,071 307,451 305,054 44,983 17% (2,396) ‐1%
Apr 248,466 307,451 276,238 27,772 11% (31,213) ‐10%
May 260,774 307,451 272,641 11,867 5% (34,809) ‐11%
Jun 292,480 307,451 260,223 (32,257) ‐11% (47,228) ‐15%
Jul 252,451 307,451 259,888 7,438 3% (47,562) ‐15%
Aug 248,774 307,451 ‐
Sep 247,822 307,451 ‐
Oct 283,145 307,451 ‐
Nov 257,874 307,451 ‐
Dec 225,093 307,451 ‐
YTD Total 1,843,723$ 2,152,154$ 1,933,634$ 89,911$ 5% (218,520)$ ‐10%
Annual Total 3,106,430$ 3,689,406$
Interfund Services
Year to Date through July
2016 vs. 2015 2016 vs. Budget
Month
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 124,856$ 152,177$ 136,421$ 11,565$ 9% (15,756)$ ‐10%
Feb 213,981 215,466 217,667 3,686 2% 2,201 1%
Mar 275,737 281,062 263,648 (12,088) ‐4% (17,414) ‐6%
Apr 245,206 298,933 250,873 5,667 2% (48,060) ‐16%
May 257,217 273,396 214,613 (42,604) ‐17% (58,783) ‐22%
Jun 268,116 288,287 261,254 (6,862) ‐3% (27,033) ‐9%
Jul 221,949 246,930 222,267 318 0% (24,663) ‐10%
Aug 280,257 313,023
Sep 272,343 299,806
Oct 260,327 290,029
Nov 281,222 333,431
Dec 318,027 327,959
YTD Total 1,607,062$ 1,756,252$ 1,566,744$ (40,318)$ ‐3% (189,508)$ ‐11%
Annual Total 3,019,236$ 3,320,500$
2016 vs. Budget2016 vs. 2015
Year to Date through July
Fines and Penalties by Month
Month
Year to Date through July
2015 2016 2016
Actual Budget Actual $ % $ %
Civil Penalties 1,878$ 9,488$ 1,132$ (745)$ ‐40% (8,355)$ ‐88%
Civil Infraction Penalties 217,072 365,049 182,927 (34,145) ‐16% (182,122) ‐50%
Civil Parking Infraction Penalties 79,429 106,298 85,884 6,456 8% (20,414) ‐19%
Photo Enforcement Program 1,151,572 1,100,303 1,132,954 (18,618) ‐2% 32,652 3%
Criminal Traffic Misdemeanor Fines 43,409 62,309 43,554 145 0% (18,755) ‐30%
Criminal Non‐Traffic Fines 40,732 30,959 19,474 (21,258) ‐52% (11,486) ‐37%
Criminal Costs 57,313 71,629 52,785 (4,527) ‐8% (18,844) ‐26%
Non‐Court Fines, Forfeitures and Penalties 15,657 10,217 48,033 32,375 207% 37,816 370%
YTD Total 1,607,062$ 1,756,252$ 1,566,744$ (40,318)$ ‐3% (189,508)$ ‐11%
Annual Total 3,019,236$ 3,320,500$
Revenue
2016 vs. Budget
Fines and Penalties by Type
2016 vs. 2015
Page 8 of 37
Monthly Financial Report July 2016
Included in the Fines and Penalties revenue
budget is $2.2 million from the Photo
Enforcement program. The monthly budget is
based on the prior year’s revenue. The year‐
to‐date collections from this program equates
to $1.1 million.
The associated costs includes the equipment
provided by American Traffic Solutions, Inc.
(ATS), dedicated 1 FTE 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
50% pro tem budget and interpreter costs
amounts to $320k for personnel costs. The
total costs for the program equates to $1.1
million which is represented in the table. Due
to the timing of when the invoice was received,
January 2016’s equipment rental cost was recorded in February.
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. The year‐to‐date total
miscellaneous is $1.8 million.
Compared to last year, the
revenues are above by $555k or
44%. Compared to the projected
year‐to‐date budget, the
revenues are over by $961k or
111%. The large variance with
the prior year and budget is due
to collecting more than
anticipated Seizure Funds. These funds are restricted to drug enforcement only and are not available for general operating
purposes.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 269,664$ 199,303$ 258,876$ (10,789)$ ‐4% 59,572$ 30%
Feb 135,539 96,154 802,908 667,369 492% 706,754 735%
Mar 182,386 121,939 125,950 (56,436) ‐31% 4,011 3%
Apr 132,893 84,375 142,439 9,546 7% 58,064 69%
May 144,753 101,131 139,504 (5,249) ‐4% 38,374 38%
Jun 215,629 197,504 174,848 (40,781) ‐19% (22,656) ‐11%
Jul 189,913 64,601 181,285 (8,628) ‐5% 116,684 181%
Aug 199,969 130,176
Sep 139,977 306,444
Oct 173,512 120,987
Nov 148,227 111,497
Dec 435,114 388,506
YTD Total 1,270,776$ 865,007$ 1,825,810$ 555,034$ 44% 960,803$ 111%
Annual Total 2,367,576$ 1,922,616$
Year to Date through July
Month
2016 vs. Budget2016 vs. 2015
Miscellaneous Revenues by Month
Favorable
16 Budget 16 Actual 16 Budget 16 Actual (Unfavorable)1
Jan 103,426$ 131,281$ 89,912$ 26,662$ 104,619$
Feb 124,175 167,005 89,912 97,181 69,824
Mar 170,255 184,903 89,912 95,109 89,794
Apr 187,598 168,524 89,912 95,106 73,417
May 163,442 143,229 89,912 95,046 48,182
Jun 186,599 193,341 89,912 95,109 98,232
Jul 164,807 144,672 89,912 95,037 49,635
Aug 221,543 ‐ 89,912 ‐ ‐
Sep 213,406 ‐ 89,912 ‐ ‐
Oct 195,225 ‐ 89,912 ‐ ‐
Nov 218,318 ‐ 89,912 ‐ ‐
Dec 245,205 ‐ 89,912 ‐ ‐
YTD Total 1,100,303$ 1,132,954$ 629,383$ 599,252$ 533,702$
Annual Total 2,194,000$ 1,078,943$
1Actuals of Revenues and Expenses
ExpensesRevenues
Photo Enforcement Program
Year to Date through July
Month
2015 2016 2016
Actual Budget Actual $ % $ %
Interests and Other Earnings 401,205$ 215,243$ 413,380$ 12,175$ 3% 198,137$ 92%
Rents, Leases, and Concessions 516,109 418,568 416,116 (99,993) ‐19% (2,452) ‐1%
Contributions/Donations from Private Sources 79,984 53,982 66,173 (13,810) ‐17% 12,191 23%
Other 267,035 171,807 266,997 (38) 0% 95,189 55%
Seizure Funds ‐ Federal/State/Local 6,444 5,406 663,143 656,700 10192% 657,737 12167%
YTD Total 1,270,776$ 865,007$ 1,825,810$ 555,034$ 44% 960,803$ 111%
Annual Total 2,367,576$ 1,922,616$
2016 vs. Budget
Miscellaneous Revenues by Type
Year to Date through July
Revenue
2016 vs. 2015
Page 9 of 37
Monthly Financial Report July 2016
EXPENSES
Overall the City has expended 54% of its budgeted general governmental expenditures at the end of July. This is $3.3 million
or 4.7% below year‐to‐date budgeted expenditures. See below for summary of unfavorable items for general governmental
departments.
Executive department is over the year‐to‐date budget by $103k or 11.2%. This is due to the timing of when Sound Cities
Association, Association of Washington Cities (AWC) and Communities in Schools memberships were corrected in 2015
(August).
Administrative Services (Finance and City Clerk) department is over the year‐to‐date budget by $85k or 4.3%. This is due
higher than expected merchant fees (credit card and ACH transaction costs) and spending patterns of professional services
(utility tax audit services) compared to prior years.
Page 10 of 37
Monthly Financial Report July 2016
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. The negative beginning fund balance for the Golf Course fund is due to receiving less than anticipated user
fees in 2015. This negative balance will be corrected at the end of 2016 due to the Golf Course making its final payment for
debt service (interfund loan) in 2015. 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 ‐ ‐ ‐ ‐ 47,873 31,100 ‐
Grants / intergovernmental 475,099 ‐ 111,688 ‐ 272,616 1,240,740 ‐
Charges for services 82,409 1,144,148 10,014,314 9,392,804 5,736,142 6,308,848 9,283,266
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 2,260 ‐ ‐ ‐ 517 ‐ ‐
Rents, leases, and misc fees 1,516,060 263,006 72,563 110,034 ‐ ‐ ‐
Interest and other misc 6,060 870 9,020 570,366 624,534 277,713 10,963
TOTAL REVENUES 2,081,888 1,408,024 10,207,586 10,073,204 6,681,682 7,858,401 9,294,229
EXPENSES:
Utility billing ‐ ‐ 81,244 72,551 59,414 96,993 ‐
Utility systems ‐ ‐ 8,338,987 2,034,428 1,859,978 4,315,778 ‐
Utility maintenance ‐ ‐ 171,776 3,066,757 971,698 1,563,814 8,769,711
Transportation 949,420 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 1,148,391 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 949,420 1,148,391 8,592,007 5,173,736 2,891,090 5,976,585 8,769,711
AMOUNT AVAILABLE FOR DEBT SERVICE 1,132,468 259,633 1,615,579 4,899,468 3,790,592 1,881,816 524,518
DEBT SERVICE:
Principal ‐ ‐ ‐ 395,175 213,727 ‐ ‐
Interest ‐ ‐ ‐ 279,122 136,649 423,709 ‐
TOTAL DEBT SERVICE ‐ ‐ ‐ 674,297 350,376 423,709 ‐
CAPITAL PROJECTS 47,609 66,138 ‐ 522,848 264,907 371,687 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ ‐ (5,974) (2,689) ‐
CHANGE IN FUND BALANCE 1,084,859 193,495 1,615,579 3,702,323 3,169,335 1,083,731 524,518
BEGINNING FUND BALANCE, Jan 1 1,144,749 (110,056) 2,151,456 22,681,621 11,636,515 10,682,778 3,992,378
ENDING FUND BALANCE, Jul 31 2,229,608 83,439 3,767,035 26,383,944 14,805,850 11,766,509 4,516,896
Page 11 of 37
Monthly Financial Report July 2016
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 ‐ 113,204 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ ‐ ‐ ‐ ‐ ‐ 42,430
Charges for services
Equipment rental m&o 1,658,501 2,070,280 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 30,622 ‐ 246,481 ‐ ‐ ‐
Communications ‐ 64,917 77,500 342,927 ‐ ‐ ‐
Facilities ‐ ‐ 2,814,752 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 91,946 ‐ ‐ ‐ ‐ ‐
IT service contracts ‐ 283,874 ‐ ‐ ‐ ‐ ‐
Interest and other misc 16,476 6,347 3,597 1,548 35,611 20,034 23,118
Internal service fund misc:
Vehicle / equipment capital recovery 1,813,711 85,755 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 1,084,839 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 1,115,249 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 6,852,988 1,298,340
Other misc 213 166 9,137 ‐ ‐ 647,314 ‐
Interfund Loan ‐ ‐ ‐ ‐ 146,298 ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 39,223 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 198,635 ‐ ‐
TOTAL REVENUES 3,528,124 2,747,111 2,904,986 590,956 2,580,632 7,520,336 1,363,888
EXPENSES:
Communications 309,646
Equipment rental 2,762,091
Facilities 2,479,984
Healthcare 7,149,306
Information technology 2,324,986
Print and mail 225,660
Retiree healthcare 623,053
Risk management:
Ri sk management 1,571,906
Unemployment 66,784
Worker's compensation 1,050,111
TOTAL EXPENSES 2,762,091 2,324,986 2,479,984 535,306 2,688,801 7,149,306 623,053
AMOUNT AVAILABLE FOR CAPITAL 766,033 422,125 425,001 55,650 (108,169) 371,030 740,835
CAPITAL PROJECTS 628,801 91,971 145,896 ‐ ‐ ‐ ‐
TRANSFERS IN ‐ 21,335 ‐ 12,500 ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 137,232 351,489 279,105 68,150 (108,169) 371,030 740,835
BEGINNING FUND BALANCE, Jan 1 5,620,280 2,327,309 1,259,503 576,333 13,085,310 7,523,267 8,892,488
ENDING FUND BALANCE, Jul 31 5,757,512 2,678,798 1,538,608 644,483 12,977,141 7,894,297 9,633,323
Page 12 of 37
Monthly Financial Report July 2016
FUND BALANCE
Page 14 shows the ending fund balance as of July 2016. 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 July, the City has $24.5 million reported in the combined general governmental fund balance of the current
year’s operating budget, which is approximately 20% of budgeted operating expenditures. This is an increase of $4.5 million
from the year’s beginning balance. July’s ending fund balance is over the anticipated General Governmental Fund Balance of
$17.5 million by $7 million or 40.1%. Although the ending fund balance is above projections, it is consistent with the prior
years’ trends.
CONTACT INFORMATION
This report is prepared by the Finance Division of the Administrative Services Department. For additional financial
information, please also review our website: http://www.rentonwa.gov/. For any questions about the report, please feel
free to contact us at hnguyen@rentonwa.gov or JDThomas@Rentonwa.gov.
Page 13 of 37
Monthly Financial Report July 2016
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through July 31, 2016
Funds
Balance
01/01/2016
Budgeted
Revenue
Revenue
07/31/16
Total Funds
Available
Budgeted
Expenditure
Expenditure
07/31/16 Ending Balance
GENERAL GOVERNMENT FUNDS: 19,962,845 119,910,846 71,753,118 91,715,963 125,048,275 67,206,203 24,509,761
000 General 12,622,447 89,255,466 54,626,666 67,249,113 92,603,349 53,203,767 14,045,346
001 Community Services 2,818,784 12,661,674 7,265,063 10,083,847 13,355,577 6,505,128 3,578,719
003 Street 2,422,668 10,489,584 5,858,423 8,281,091 11,569,492 5,906,056 2,375,035
004 Community Dev Block Grant 66,654 882,158 57,199 123,853 882,158 111,734 12,119
005 Museum 66,388 235,281 117,781 184,169 235,281 131,860 52,309
009 Farmers Market 110,830 113,007 35,683 146,513 104,242 52,749 93,765
011 Fire Health & Wellness 88,406 25,000 14,825 103,231 49,500 103,231 ‐
201 Ltd GO Bonds Gen Govt Debt 845,273 1,755,255 880,570 1,725,843 1,755,255 73,725 1,652,118
215 Gen Govt Misc Debt Service 921,395 4,493,421 2,896,908 3,818,303 4,493,421 1,117,954 2,700,349
SPECIAL REVENUE FUNDS:1,681,875 1,919,264 1,188,750 2,870,625 2,653,291 840,958 2,029,667
102 Arterial Street 31,697 650,000 379,456 411,153 650,000 ‐ 411,153
108 Leased City Properties 560,515 931,590 543,476 1,103,991 1,445,852 701,506 402,485
110 Hotel Motel 315,590 225,000 155,735 471,325 326,298 88,996 382,329
125 1% For Art 111,206 15,000 279 111,485 102,950 ‐ 111,485
127 Cable Communication 330,376 97,674 108,970 439,346 128,191 50,456 388,890
135 Springbrook Wetlands Bank 332,491 ‐ 834 333,325 ‐ ‐ 333,325
CAPITAL PROJECT FUNDS (CIP):21,039,649 37,476,061 10,252,668 31,292,317 54,520,575 8,596,843 22,695,474
303 Community Dev Mitigation 1,239,509 86,500 176,045 1,415,554 ‐ ‐ 1,415,554
304 Fire Mitigation 1,209,670 99,000 206,934 1,416,604 850,000 ‐ 1,416,604
305 Transportation Mitigation 937,248 600,000 399,426 1,336,674 800,000 ‐ 1,336,674
316 Municipal Facilities CIP 9,264,141 8,201,188 3,603,656 12,867,797 17,364,363 1,587,841 11,279,956
317 Transportation CIP 3,947,132 28,489,373 5,855,472 9,802,604 32,081,038 6,253,460 3,549,144
326 Housing Opportunity 1,041,775 ‐ 2,616 1,044,391 25,000 1,500 1,042,891
336 New Library Development 3,400,174 ‐ 8,519 3,408,693 3,400,174 754,042 2,654,651
ENTERPRISE FUNDS:52,179,441 105,611,837 47,634,179 99,813,620 123,482,742 36,260,337 63,553,283
4X2 Airport Operating & CIP 1,144,749 14,755,346 2,081,888 3,226,637 14,164,354 997,029 2,229,608
403 Solid Waste Utility 2,151,456 16,514,320 10,207,586 12,359,042 17,140,339 8,592,007 3,767,035
4X4 Golf Operating & CIP (110,056) 2,812,793 1,437,189 1,327,133 2,295,432 1,243,694 83,439
4X5 Water Operating & CIP 22,681,621 16,308,371 10,073,204 32,754,825 26,092,307 6,370,880 26,383,945
4X6 Waste Water Operating & CIP 11,636,515 15,324,938 6,681,681 18,318,196 19,415,925 3,512,346 14,805,850
416 King County Metro 3,992,378 16,638,722 9,294,229 13,286,607 16,638,722 8,769,711 4,516,896
4X7 Surface Water Operating & CIP 10,682,778 23,257,347 7,858,402 18,541,180 27,735,663 6,774,670 11,766,510
INTERNAL SERVICE FUNDS:39,284,490 37,726,031 21,269,868 60,554,358 37,371,074 19,430,194 41,124,164
501 Equipment Repair/Replacement 5,620,280 6,164,145 3,528,124 9,148,404 5,514,530 3,390,891 5,757,513
502 Insurance 13,085,310 4,166,201 2,580,632 15,665,942 3,612,594 2,688,801 12,977,141
503 Information Services 2,327,309 4,833,871 2,768,446 5,095,755 5,960,478 2,416,957 2,678,798
504 Facilities 1,259,503 4,953,544 2,904,986 4,164,489 5,407,389 2,625,880 1,538,609
505 Communications 576,333 1,040,239 603,456 1,179,789 1,112,381 535,306 644,483
512 Insurance, Healthcare 7,523,267 14,295,824 7,520,336 15,043,603 14,596,149 7,149,306 7,894,297
522 Insurance, Leoff1 Retirees HC 8,892,488 2,272,207 1,363,888 10,256,376 1,167,553 623,053 9,633,323
FIDUCIARY FUNDS: 5,299,035 468,000 157,084 5,456,119 200,475 116,036 5,340,083
611 Firemen's Pension 5,299,035 468,000 157,084 5,456,119 200,475 116,036 5,340,083
TOTAL FUNDS 139,447,335 303,112,039 152,255,667 291,703,002 343,276,432 132,450,571 159,252,432
Page 14 of 37
City of Renton
General Government Financial Position
2016 Budget Year
General Government Summary
Revenues Expenditures
$ Difference
over (under)
w/beginning
balance
19,962,845
January 7,317,475 8,625,290 (1,307,815) 18,655,030
February 14,715,559 18,026,295 (3,310,736) 16,652,109
March 21,798,267 27,039,048 (5,240,781) 14,722,064
April 40,464,776 35,281,644 5,183,131 25,145,976
May 57,969,563 44,251,964 13,717,599 33,680,444
June 64,628,067 53,224,181 11,403,886 31,366,731
July 71,753,118 67,206,203 4,546,916 24,509,761
August
September
October
November
December
(9,000,000)
(8,000,000)
(7,000,000)
(6,000,000)
(5,000,000)
(4,000,000)
(3,000,000)
(2,000,000)
(1,000,000)
‐
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
11,000,000
12,000,000
13,000,000
14,000,000
15,000,000
‐
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
90,000,000
100,000,000
110,000,000
120,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Change in Fund
Balance
Rev/Exp Revenues
Expenditures
Change in Fund Balance
Page 15 of 37
City of Renton
Monthly Revenue Analysis ‐ 2016 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 6,116,145 7,317,475 19.64%
Feb 12,464,426 14,715,559 18.06%
Mar 18,997,332 21,798,267 14.74%
Apr 38,307,505 40,464,776 5.63%
May 54,886,764 57,969,563 5.62%
Jun 61,537,464 64,628,067 5.02%
Jul 68,034,670 71,753,118 5.47%
Aug 74,766,892
Sep 81,285,916
Oct 94,263,313
Nov 110,961,582
Dec 119,910,845
Percent of budget 59.84%
Property Tax Budget
YTD
Actual
Annual %
over (under)
Jan 68,794 44,745 ‐34.96%
Feb 382,923 359,864 ‐6.02%
Mar 1,343,934 1,633,550 21.55%
Apr 11,739,798 9,489,780 ‐19.17%
May 19,499,635 19,396,313 ‐0.53%
Jun 19,650,371 19,534,107 ‐0.59%
Jul 19,717,283 19,591,281 ‐0.64%
Aug 19,814,300
Sep 20,388,854
Oct 26,797,806
Nov 37,004,304
Dec 37,213,314
Percent of budget 52.65%
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
$120
$130
$140
Millions
Total Revenue
General Government
Budget
Actual
Last Year
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
$36
$39
Millions Property Tax
Budget
Actual
Last Year
Page 16 of 37
City of Renton
Monthly Revenue Analysis ‐ 2016 Budget Year
Sales Tax Budget
YTD
Actual
Annual %
over (under)
Jan 2,067,608 2,212,710 7.02%
Feb 4,624,605 4,807,357 3.95%
Mar 6,598,572 6,882,003 4.30%
Apr 8,565,740 8,995,034 5.01%
May 10,893,426 11,583,888 6.34%
Jun 12,941,024 13,963,417 7.90%
Jul 15,068,593 16,317,079 8.29%
Aug 17,435,267
Sep 19,708,241
Oct 22,045,782
Nov 24,451,213
Dec 26,747,588
Percent of budget 61.00%
Note: Excludes CJ Sales Tax and Natural Gas Use Tax.
Utility Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,384,085 1,509,960 9.09%
Feb 2,802,425 3,107,308 10.88%
Mar 4,355,647 4,531,081 4.03%
Apr 5,576,759 5,877,363 5.39%
May 6,884,379 7,240,686 5.18%
Jun 8,202,591 8,366,531 2.00%
Jul 9,367,751 9,642,866 2.94%
Aug 10,667,136
Sep 11,870,479
Oct 13,064,155
Nov 14,326,342
Dec 15,717,444
Percent of budget 61.35%
Note: Includes Natural Gas Use Tax.
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
Millions Sales Tax
Budget
Actual
Last Year
$‐
$2
$4
$6
$8
$10
$12
$14
$16
$18
Millions Utility Tax
Budget
Actual
Last Year
Page 17 of 37
City of Renton
Monthly Revenue Analysis ‐ 2016 Budget Year
Licenses &
Permits Budget
YTD
Actual
Annual %
over (under)
Jan 438,371 707,784 61.46%
Feb 735,235 1,079,373 46.81%
Mar 947,143 1,559,970 64.70%
Apr 1,265,530 1,809,916 43.02%
May 1,515,887 2,089,751 37.86%
Jun 1,900,918 2,314,634 21.76%
Jul 2,421,261 2,716,644 12.20%
Aug 2,748,612
Sep 3,152,452
Oct 3,516,273
Nov 3,759,344
Dec 4,009,000
Percent of budget 67.76%
Note: GF only
Intergovt'l Budget
YTD
Actual
Annual %
over (under)
Jan 574,724 589,820 2.63%
Feb 1,180,291 1,223,323 3.65%
Mar 1,726,463 1,784,286 3.35%
Apr 2,346,422 2,487,675 6.02%
May 6,049,855 6,211,081 2.66%
Jun 6,972,553 7,149,225 2.53%
Jul 7,465,223 7,708,932 3.26%
Aug 8,408,229
Sep 8,946,935
Oct 9,619,885
Nov 10,954,044
Dec 14,363,451
Percent of budget 53.67%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
$‐
$2
$4
$6
$8
$10
$12
$14
$16
Millions
Intergovernmental
Budget
Actual
Last Year
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
Millions Licenses & Permits
Budget
Actual
Last Year
Page 18 of 37
City of Renton
Monthly Revenue Analysis ‐ 2016 Budget Year
Charges for
Services Budget
YTD
Actual
Annual %
over (under)
Jan 598,604 640,658 7.03%
Feb 1,117,685 1,197,265 7.12%
Mar 1,699,522 1,777,230 4.57%
Apr 2,480,463 2,377,940 ‐4.13%
May 3,011,873 2,926,771 ‐2.83%
Jun 3,984,858 3,873,402 ‐2.80%
Jul 4,884,650 4,648,795 ‐4.83%
Aug 5,655,002
Sep 6,237,457
Oct 6,840,019
Nov 7,365,845
Dec 8,007,932
Percent of budget 58.05%
Note: Excludes FD25 & FD40 contracts
Fines &
Forfeits Budget
YTD
Actual
Annual %
over (under)
Jan 152,177 136,421 ‐10.35%
Feb 367,643 354,088 ‐3.69%
Mar 648,705 617,736 ‐4.77%
Apr 947,638 868,609 ‐8.34%
May 1,221,034 1,083,222 ‐11.29%
Jun 1,509,321 1,344,477 ‐10.92%
Jul 1,756,252 1,566,744 ‐10.79%
Aug 2,069,275
Sep 2,369,080
Oct 2,659,110
Nov 2,992,541
Dec 3,320,500
Percent of budget 47.18%
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
Millions Charges for Services
Budget
Actual
Last Year
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions Fines & Forfeits
Budget
Actual
Last Year
Page 19 of 37
City of Renton
Monthly Revenue Analysis ‐ 2016 Budget Year
Other Taxes Budget
YTD
Actual
Annual %
over (under)
Jan 611,646 1,216,500 98.89%
Feb 916,494 1,525,197 66.42%
Mar 1,197,449 1,824,678 52.38%
Apr 4,800,048 7,228,286 50.59%
May 5,103,604 5,968,173 16.94%
Jun 5,569,347 6,431,675 15.48%
Jul 6,482,574 7,728,893 19.23%
Aug 6,807,221
Sep 7,123,290
Oct 8,089,336
Nov 8,344,672
Dec 8,359,000
Percent of budget 92.46%
Misc Budget
YTD
Actual
Annual %
over (under)
Jan 199,303 258,876 29.89%
Feb 295,458 1,061,784 259.37%
Mar 417,397 1,187,734 184.56%
Apr 501,772 1,330,173 165.10%
May 602,903 1,469,677 143.77%
Jun 800,406 1,644,525 105.46%
Jul 865,007 1,825,810 111.07%
Aug 995,183
Sep 1,301,627
Oct 1,422,614
Nov 1,534,110
Dec 1,922,616
Percent of budget 94.96%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
Millions Miscellaneous
Budget
Actual
Last Year
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
Millions Other Taxes
Budget
Actual
Last Year
Page 20 of 37
City of Renton
Monthly Revenue Analysis ‐ 2016 Budget Year
Other
Financing Budget
YTD
Actual
Annual %
over (under)
Jan 20,833 ‐ 0.00%
Feb 41,667 ‐ 0.00%
Mar 62,500 ‐ 0.00%
Apr 83,333 ‐ 0.00%
May 104,167 ‐ 0.00%
Jun 6,075 6,075 0.00%
Jul 6,075 6,075 0.00%
Aug 166,667
Sep 187,500
Oct 208,333
Nov 229,167
Dec 250,000
Percent of budget 2.43%
REET Budget
YTD
Actual
Annual %
over (under)
Jan 704,460 1,204,479 70.98%
Feb 966,843 1,401,806 44.99%
Mar 1,221,136 1,610,258 31.87%
Apr 1,750,788 1,946,242 11.16%
May 2,160,973 2,421,486 12.06%
Jun 2,657,005 2,826,665 6.39%
Jul 3,218,781 3,470,703 7.83%
Aug 3,401,947
Sep 3,601,746
Oct 3,868,630
Nov 3,984,512
Dec 4,000,000
Percent of budget 86.77%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
Millions
Real Estate Excise Tax
Budget
Actual
Last Year
$0
$2
$4
$6
$8
$10
$12
$14
$16
Mi
l
l
i
o
n
s
Other Financing Sources
Budget
Actual
Last Year
Page 21 of 37
City of Renton
Monthly Revenue Analysis ‐ 2016 Budget Year
Bldg Permits &
Devlpmt Svc
Fees Budget
YTD
Actual
Annual %
over (under)
Jan 341,282 661,363 93.79%
Feb 706,100 1,074,783 52.21%
Mar 1,025,109 1,658,442 61.78%
Apr 1,517,577 1,994,550 31.43%
May 1,808,985 2,370,874 31.06%
Jun 2,532,793 2,808,493 10.89%
Jul 3,117,823 3,270,705 4.90%
Aug 3,496,111
Sep 3,974,931
Oct 4,400,264
Nov 4,726,378
Dec 5,173,368
Percent of budget 63.22%
B & O Tax Budget
YTD
Actual
Annual %
over (under)
Jan ‐ ‐ N/A
Feb ‐ ‐ N/A
Mar ‐ ‐ N/A
Apr 4,500,000 4,578,349 1.74%
May 4,500,000 4,882,381 8.50%
Jun 4,500,000 4,912,972 9.18%
Jul 4,750,000 5,289,180 11.35%
Aug 4,750,000
Sep 4,750,000
Oct 5,000,000
Nov 5,000,000
Dec 5,000,000
Percent of budget 105.78%
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
Millions Building Permits and Development Service
Fees
Budget
Actual
Last Year
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50
$6.00
Millions Business & Occupation Tax
Budget
Actual
Last Year
Page 22 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 8,787,091 8,625,290 ‐1.84%
Feb 18,576,099 18,026,295 ‐2.96%
Mar 28,082,334 27,039,048 ‐3.72%
Apr 36,923,549 35,281,644 ‐4.45%
May 46,173,815 44,251,964 ‐4.16%
Jun 55,765,017 53,224,181 ‐4.56%
Jul 70,497,974 67,206,203 ‐4.67%
Aug 82,090,717
Sep 92,683,182
Oct 102,929,847
Nov 113,205,206
Dec 125,048,276
Percent of budget expended 53.74%
Legislative Budget
YTD
Actual
Annual %
over (under)
Jan 33,153 34,732 4.76%
Feb 67,972 64,182 ‐5.58%
Mar 102,703 99,419 ‐3.20%
Apr 132,696 129,027 ‐2.77%
May 163,648 156,960 ‐4.09%
Jun 194,452 186,176 ‐4.26%
Jul 224,495 214,274 ‐4.55%
Aug 254,415
Sep 284,228
Oct 314,294
Nov 344,069
Dec 375,761
Percent of budget expended 57.02%
$‐
$20
$40
$60
$80
$100
$120
$140
Millions
Total Expenditures
General Government
Budget
Actual
Last Year
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Legislative
Budget
Actual
Last Year
Page 23 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Executive Budget
YTD
Actual
Annual %
over (under)
Jan 92,301 192,359 108.40%
Feb 227,599 322,242 41.58%
Mar 363,001 486,643 34.06%
Apr 501,457 616,267 22.90%
May 639,149 744,988 16.56%
Jun 775,317 890,444 14.85%
Jul 916,869 1,019,792 11.23%
Aug 1,146,554
Sep 1,302,813
Oct 1,437,782
Nov 1,585,169
Dec 1,784,464
Percent of budget expended 57.15%
City Attorney Budget
YTD
Actual
Annual %
over (under)
Jan 175,034 157,485 ‐10.03%
Feb 349,257 326,649 ‐6.47%
Mar 527,350 498,957 ‐5.38%
Apr 710,479 670,522 ‐5.62%
May 896,957 837,538 ‐6.62%
Jun 1,092,924 1,004,061 ‐8.13%
Jul 1,282,507 1,173,342 ‐8.51%
Aug 1,475,680
Sep 1,671,064
Oct 1,846,482
Nov 2,021,528
Dec 2,213,353
Percent of budget expended 53.01%
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
Millions Executive
Budget
Actual
Last Year
$‐
$0.40
$0.80
$1.20
$1.60
$2.00
$2.40
Millions City Attorney
Budget
Actual
Last Year
Page 24 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Court Services Budget
YTD
Actual
Annual %
over (under)
Jan 169,086 163,432 ‐3.34%
Feb 345,603 335,163 ‐3.02%
Mar 524,116 508,523 ‐2.98%
Apr 706,499 678,807 ‐3.92%
May 890,985 849,557 ‐4.65%
Jun 1,081,645 1,021,277 ‐5.58%
Jul 1,265,010 1,191,366 ‐5.82%
Aug 1,449,036
Sep 1,627,840
Oct 1,805,361
Nov 1,978,143
Dec 2,187,710
Percent of budget expended 54.46%
CED Admin Budget
YTD
Actual
Annual %
over (under)
Jan 91,015 95,028 4.41%
Feb 182,252 190,655 4.61%
Mar 273,489 286,282 4.68%
Apr 367,204 382,305 4.11%
May 461,902 478,727 3.64%
Jun 556,162 575,150 3.41%
Jul 701,359 671,572 ‐4.25%
Aug 793,589
Sep 886,107
Oct 978,401
Nov 1,070,254
Dec 1,163,302
Percent of budget expended 57.73%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
$2.20
Millions Court Services
Budget
Actual
Last Year
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions
Community & Economic
Development Admin
Budget
Actual
Last Year
Page 25 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Development
Services Budget
YTD
Actual
Annual %
over (under)
Jan 254,974 212,162 ‐16.79%
Feb 527,275 448,710 ‐14.90%
Mar 815,154 676,129 ‐17.06%
Apr 1,097,081 892,326 ‐18.66%
May 1,371,466 1,125,595 ‐17.93%
Jun 1,635,451 1,370,849 ‐16.18%
Jul 1,894,868 1,606,944 ‐15.19%
Aug 2,170,652
Sep 2,415,673
Oct 2,673,307
Nov 2,933,670
Dec 3,225,543
Percent of budget expended 49.82%
Economic
Development Budget
YTD
Actual
Annual %
over (under)
Jan 99,476 50,235 ‐49.50%
Feb 254,064 108,276 ‐57.38%
Mar 385,081 166,805 ‐56.68%
Apr 518,282 287,672 ‐44.50%
May 635,888 361,504 ‐43.15%
Jun 766,778 461,549 ‐39.81%
Jul 911,220 563,033 ‐38.21%
Aug 1,057,447
Sep 1,192,608
Oct 1,319,443
Nov 1,457,424
Dec 1,640,872
Percent of budget expended 34.31%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions
Development Services
Budget
Actual
Last Year
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
Millions
Economic Development
Budget
Actual
Last Year
Page 26 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Planning Budget
YTD
Actual
Annual %
over (under)
Jan 206,649 203,948 ‐1.31%
Feb 425,262 411,848 ‐3.15%
Mar 670,051 630,155 ‐5.95%
Apr 908,109 846,345 ‐6.80%
May 1,178,355 1,085,749 ‐7.86%
Jun 1,442,959 1,327,179 ‐8.02%
Jul 1,698,438 1,553,419 ‐8.54%
Aug 1,951,022
Sep 2,216,643
Oct 2,500,304
Nov 2,749,051
Dec 3,019,484
Percent of budget expended 51.45%
Finance Budget
YTD
Actual
Annual %
over (under)
Jan 170,399 220,501 29.40%
Feb 348,757 434,053 24.46%
Mar 530,075 642,161 21.15%
Apr 710,548 858,782 20.86%
May 899,902 1,085,634 20.64%
Jun 1,213,989 1,337,642 10.19%
Jul 1,412,993 1,550,596 9.74%
Aug 1,742,187
Sep 1,948,700
Oct 2,152,763
Nov 2,344,422
Dec 2,953,369
Percent of budget expended 52.50%
$‐
$0.40
$0.80
$1.20
$1.60
$2.00
$2.40
$2.80
$3.20
$3.60
Millions Finance
Budget
Actual
Last Year
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions
Planning
Budget
Actual
Last Year
Page 27 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
City Clerk Budget
YTD
Actual
Annual %
over (under)
Jan 62,637 67,195 7.28%
Feb 164,231 168,845 2.81%
Mar 303,940 242,432 ‐20.24%
Apr 375,900 313,676 ‐16.55%
May 450,924 384,293 ‐14.78%
Jun 522,077 460,231 ‐11.85%
Jul 593,286 541,066 ‐8.80%
Aug 671,377
Sep 741,134
Oct 834,041
Nov 907,039
Dec 1,151,870
Percent of budget expended 46.97%
Includes Hearing Examiner
Human
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 84,669 89,683 5.92%
Feb 187,462 185,388 ‐1.11%
Mar 299,503 299,054 ‐0.15%
Apr 431,140 395,008 ‐8.38%
May 540,016 491,217 ‐9.04%
Jun 651,578 584,313 ‐10.32%
Jul 766,621 675,537 ‐11.88%
Aug 881,492
Sep 993,608
Oct 1,112,638
Nov 1,219,645
Dec 1,372,669
Percent of budget expended 49.21%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
Millions Human Resources
Budget
Actual
Last Year
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions City Clerk
Budget
Actual
Last Year
Page 28 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Police Budget
YTD
Actual
Annual %
over (under)
Jan 2,968,400 2,819,381 ‐5.02%
Feb 5,611,554 5,349,745 ‐4.67%
Mar 8,680,365 8,330,684 ‐4.03%
Apr 11,315,325 10,868,880 ‐3.95%
May 14,290,090 13,787,797 ‐3.51%
Jun 17,110,693 16,379,009 ‐4.28%
Jul 20,168,189 19,298,967 ‐4.31%
Aug 22,840,420
Sep 25,876,796
Oct 28,602,024
Nov 31,665,502
Dec 34,856,639
Percent of budget expended 55.37%
Fire &
Emergency
Services Budget
YTD
Actual
Annual %
over (under)
Jan 2,291,374 2,291,374 0.00%
Feb 5,299,522 5,299,522 0.00%
Mar 7,516,586 7,516,586 0.00%
Apr 9,575,877 9,575,877 0.00%
May 11,745,775 11,745,775 0.00%
Jun 12,826,352 12,826,352 0.00%
Jul 19,651,039 19,651,039 0.00%
Aug 19,246,014
Sep 21,651,766
Oct 24,057,518
Nov 26,463,270
Dec 28,869,022
Percent of budget expended 68.07%
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
$36
Millions Police
Budget
Actual
Last Year
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
Millions Fire & Emergency Services
Budget
Actual
Last Year
Page 29 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Community
Services Admin Budget
YTD
Actual
Annual %
over (under)
Jan 51,383 52,449 2.07%
Feb 106,296 113,335 6.62%
Mar 166,634 155,142 ‐6.90%
Apr 220,283 196,697 ‐10.71%
May 269,995 240,955 ‐10.76%
Jun 318,337 282,185 ‐11.36%
Jul 373,106 325,143 ‐12.86%
Aug 427,414
Sep 481,448
Oct 534,041
Nov 589,514
Dec 655,344
Percent of budget expended 49.61%
Parks Budget
YTD
Actual
Annual %
over (under)
Jan 336,143 302,959 ‐9.87%
Feb 700,947 615,902 ‐12.13%
Mar 1,083,549 949,380 ‐12.38%
Apr 1,459,798 1,301,241 ‐10.86%
May 1,864,820 1,638,087 ‐12.16%
Jun 2,298,738 2,027,520 ‐11.80%
Jul 2,803,971 2,449,585 ‐12.64%
Aug 3,298,106
Sep 3,795,912
Oct 4,241,176
Nov 4,633,809
Dec 5,065,610
Percent of budget expended 48.36%
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
Millions Parks
Budget
Actual
Last Year
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
Community Services Admin
Budget
Actual
Last Year
Page 30 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Parks Planning
and Natural
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 75,967 46,446 ‐38.86%
Feb 155,277 103,226 ‐33.52%
Mar 253,324 165,213 ‐34.78%
Apr 346,004 211,159 ‐38.97%
May 467,457 300,170 ‐35.79%
Jun 559,036 394,070 ‐29.51%
Jul 680,904 460,928 ‐32.31%
Aug 791,212
Sep 915,691
Oct 1,046,163
Nov 1,169,288
Dec 1,292,543
Percent of budget expended 35.66%
Recreation Budget
YTD
Actual
Annual %
over (under)
Jan 333,154 330,010 ‐0.94%
Feb 695,736 697,557 0.26%
Mar 1,066,633 1,078,551 1.12%
Apr 1,449,320 1,463,787 1.00%
May 1,833,378 1,843,391 0.55%
Jun 2,256,569 2,255,376 ‐0.05%
Jul 2,918,647 2,839,821 ‐2.70%
Aug 3,604,160
Sep 4,146,992
Oct 4,519,771
Nov 4,905,664
Dec 5,350,288
Percent of budget expended 53.08%
$‐
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
Parks Planning and Natural Resources
Budget
Actual
Last Year
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50
Millions Recreation
Budget
Actual
Last Year
Page 31 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Human
Services Budget
YTD
Actual
Annual %
over (under)
Jan 49,625 81,352 63.93%
Feb 126,381 213,832 69.20%
Mar 264,698 269,088 1.66%
Apr 420,012 395,807 ‐5.76%
May 487,819 476,551 ‐2.31%
Jun 554,870 528,283 ‐4.79%
Jul 695,477 613,350 ‐11.81%
Aug 788,488
Sep 850,143
Oct 1,008,843
Nov 1,069,886
Dec 1,258,447
Percent of budget expended 48.74%
Neighborhoods
, Resources,
and Events Budget
YTD
Actual
Annual %
over (under)
Jan 68,319 66,354 ‐2.88%
Feb 166,692 144,459 ‐13.34%
Mar 238,120 213,473 ‐10.35%
Apr 307,504 268,788 ‐12.59%
May 377,816 335,059 ‐11.32%
Jun 462,305 392,885 ‐15.02%
Jul 593,251 482,399 ‐18.69%
Aug 692,978
Sep 787,459
Oct 869,444
Nov 954,065
Dec 1,096,033
Percent of budget expended 44.01%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
Millions Human Services
Budget
Actual
Last Year
$‐
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
Neighborhoods, Resources, and Events
Budget
Actual
Last Year
Page 32 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Museum Fund Budget
YTD
Actual
Annual %
over (under)
Jan 18,883 19,061 0.94%
Feb 37,795 37,570 ‐0.59%
Mar 56,682 55,330 ‐2.39%
Apr 75,818 73,438 ‐3.14%
May 95,501 92,699 ‐2.93%
Jun 115,297 112,304 ‐2.60%
Jul 135,152 131,860 ‐2.44%
Aug 155,440
Sep 175,323
Oct 195,438
Nov 215,317
Dec 235,281
Percent of budget expended 56.04%
Public Works
Admin Budget
YTD
Actual
Annual %
over (under)
Jan 33,648 33,119 ‐1.57%
Feb 68,336 67,230 ‐1.62%
Mar 102,357 100,509 ‐1.81%
Apr 136,585 133,872 ‐1.99%
May 171,018 167,151 ‐2.26%
Jun 205,573 200,630 ‐2.40%
Jul 240,151 234,053 ‐2.54%
Aug 275,209
Sep 310,708
Oct 344,670
Nov 378,434
Dec 413,579
Percent of budget expended 56.59%
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
Public Works Admin
Budget
Actual
Last Year
$‐
$30,000
$60,000
$90,000
$120,000
$150,000
$180,000
$210,000
$240,000
$270,000
Museum Fund
Budget
Actual
Last Year
Page 33 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Street
Maintenance Budget
YTD
Actual
Annual %
over (under)
Jan 395,932 400,277 1.10%
Feb 817,377 805,426 ‐1.46%
Mar 1,243,762 1,236,414 ‐0.59%
Apr 1,720,451 1,676,774 ‐2.54%
May 2,164,177 2,087,428 ‐3.55%
Jun 2,612,305 2,494,337 ‐4.52%
Jul 3,090,003 2,917,165 ‐5.59%
Aug 3,565,717
Sep 4,014,860
Oct 4,501,814
Nov 4,933,704
Dec 5,420,445
Percent of budget expended 53.82%
Transportation Budget
YTD
Actual
Annual %
over (under)
Jan 385,313 356,191 ‐7.56%
Feb 848,593 720,619 ‐15.08%
Mar 1,402,988 1,219,946 ‐13.05%
Apr 1,985,654 1,593,069 ‐19.77%
May 2,460,643 2,119,001 ‐13.88%
Jun 2,936,948 2,537,694 ‐13.59%
Jul 3,428,357 2,988,891 ‐12.82%
Aug 3,947,043
Sep 4,422,467
Oct 4,952,795
Nov 5,426,873
Dec 6,149,047
Percent of budget expended 48.61%
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
Millions Street Maintenance
Budget
Actual
Last Year
$0.0
$1.0
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
Millions Transportation
Budget
Actual
Last Year
Page 34 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2016 Budget Year
Debt Service Budget
YTD
Actual
Annual %
over (under)
Jan 44,758 44,758 0.00%
Feb 295,075 295,075 0.00%
Mar 295,075 295,075 0.00%
Apr 295,075 295,075 0.00%
May 295,075 295,075 0.00%
Jun 936,921 936,921 0.00%
Jul 1,191,679 1,191,679 0.00%
Aug 4,165,784
Sep 4,686,507
Oct 5,207,230
Nov 5,727,953
Dec 6,248,676
Percent of budget expended 19.07%
Non‐
Departmental
Other City Budget
YTD
Actual
Annual %
over (under)
Jan 294,800 294,800 0.00%
Feb 566,783 566,783 0.00%
Mar 917,099 917,099 0.00%
Apr 1,156,445 1,156,445 0.00%
May 1,521,060 1,521,060 0.00%
Jun 2,637,745 2,637,745 0.00%
Jul 2,860,383 2,860,383 0.00%
Aug 4,699,283
Sep 5,286,693
Oct 5,874,103
Nov 6,461,514
Dec 7,048,924
Percent of budget expended 40.58%
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
$10.00
Millions Non‐Departmental Other City Services
Budget
Actual
Last Year
$‐
$5
$10
$15
$20
$25
Millions Debt Service
Budget
Actual
Last Year
Page 35 of 37
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2016 Budget Year
Utilities Budget Revenue Expense
Jan 6,221,803 6,349,407 3,113,758
Feb 16,178,186 12,660,071 7,764,200
Mar 23,982,509 18,599,026 12,419,394
Apr 29,893,898 24,660,335 17,069,879
May 39,799,392 30,851,439 21,831,008
Jun 52,110,648 37,253,721 28,479,554
Jul 59,609,524 44,115,062 34,016,925
Aug 67,816,343
Sep 76,250,053
Oct 84,074,531
Nov 92,029,531
Dec 107,022,956
Percent of budget expended 24.42%
Note: Operations and Capital
Airport Budget Revenue Expense
Jan 252,834 379,338 102,054
Feb 693,487 746,998 246,569
Mar 3,774,376 1,127,792 409,998
Apr 4,769,280 1,367,786 567,432
May 7,091,951 1,614,567 695,455
Jun 7,846,061 1,834,885 845,678
Jul 8,724,109 2,081,888 997,029
Aug 9,883,320
Sep 10,864,768
Oct 11,604,431
Nov 12,859,109
Dec 14,164,354
Percent of budget expended 7.04%
Note: Operations and Capital
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
$120
Millions Utilities
Budget
Revenue
Expense
$‐
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
Millions Airport
Budget
Revenue
Expense
Page 36 of 37
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2016 Budget Year
Golf Course Budget Revenue Expense
Jan 116,391 72,468 118,352
Feb 266,941 183,666 290,598
Mar 417,955 302,635 438,062
Apr 589,411 534,799 625,491
May 810,690 828,065 790,152
Jun 967,871 1,133,239 974,444
Jul 1,135,836 1,437,189 1,243,694
Aug 1,308,140
Sep 1,481,465
Oct 1,678,887
Nov 1,805,131
Dec 2,295,432
Percent of budget expended 54.18%
Note: Operations and Capital
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
$2.10
$2.40
Millions Golf Course
Budget
Revenue
Expense
Page 37 of 37