HomeMy WebLinkAbout201710, October
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ADMINISTRATIVE SERVICES
M E M O R A N D U M
DATE: December 7, 2017
TO: Armondo Pavone, Council President
Members of Renton City Council
CC: Denis Law, Mayor
Jay Covington, Chief Administrative Officer
FROM: Jan Hawn, ASD Administrator
STAFF CONTACT: Hai Nguyen, Sr. Finance Analyst
SUBJECT: October 2017 Financial Status Report
At the end of October, general governmental revenues show $5.6M or 6.8% over budget.
Revenue source(s) that are higher than expected are: property tax ($137K); sales tax
($821K); utility taxes ($1.4M); franchise fees ($201K); gambling taxes ($491K); business &
occupation taxes ($2.3M); business license ($122K); state shared revenues ($343K); public
safety ($152K); seizure funds ($167K), restricted to drug enforcement and not available
for general purposes); interest ($216K); and other miscellaneous ($210K). If we remove
B&O taxes and seizure funds, general governmental revenues are $3.1M or 3.8% over
budget. On the down side, the revenue source(s) that are underperforming the year to
date budget are admission tax ($141K below); building permits & development service
fees ($805K below); and interfund/interdept charges for services (185K below).
General government expenditures showed a favorable variance of $3.7M or 4.9%. 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.
Armondo Pavone, Council President
Members of Renton City Council
Page 2 of 2
December 7, 2017
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General Governmental Funds
$%
Beginning Fund Balance 17,565,282$ 17,565,282$ 19,962,845$ 19,962,845$ 26,563,785$ 26,563,785$ 26,563,785$ ‐ 0.0%
OPERATING REVENUES
Property Tax 36,369,429 26,190,113 37,038,480 26,624,443 24,103,395 17,341,593 17,478,904 137,311 0.8%
Sales Tax 23,439,266 19,259,460 26,353,246 21,616,737 25,700,400 21,114,861 21,935,446 820,584 3.9%
Sales Tax ‐ Annexation Credit 2,778,858 2,283,449 3,114,762 2,554,108 3,063,280 2,514,379 2,601,372 86,994 3.5%
Criminal Justice Sales Tax 2,484,718 2,048,498 2,701,787 2,233,414 2,679,898 2,212,489 2,313,847 101,358 4.6%
Natural Gas Use Tax 228,899 186,842 184,638 159,276 228,000 196,681 160,245 (36,436) ‐18.5%
Admission Tax 309,790 309,755 262,506 261,054 320,000 319,169 178,503 (140,666) ‐44.1%
Franchise Fees 1,349,154 1,349,154 1,406,092 1,401,242 1,330,000 1,327,659 1,528,850 201,191 15.2%
Electricity Tax 5,012,962 4,089,520 5,440,139 4,526,885 5,396,019 4,447,894 4,751,757 303,863 6.8%
Natural Gas Utility Tax 1,437,552 1,183,915 1,327,937 1,103,314 1,350,900 1,117,277 1,354,452 237,175 21.2%
Garbage/Solid Waste 638,073 521,082 717,148 597,420 680,000 561,224 509,413 (51,811) ‐9.2%
TV Cable 1,591,866 1,313,457 1,619,364 1,333,081 1,645,659 1,356,271 1,373,337 17,066 1.3%
Telephone 880,233 737,536 859,868 755,928 714,875 613,551 736,106 122,556 20.0%
Cellular Phone 1,674,355 1,395,827 1,541,204 1,409,840 1,521,056 1,327,165 1,251,830 (75,334) ‐5.7%
City Utilities 4,183,165 3,527,585 4,206,473 3,523,212 3,941,628 3,312,612 4,146,474 833,862 25.2%
Utility Tax Audit 1,962,092 1,446,078 111,227 111,227 ‐ ‐ ‐ ‐ 0.0%
Leasehold Excise Tax 163,314 123,703 173,769 133,042 179,000 136,339 132,905 (3,434) ‐2.5%
Gambling Excise Tax 2,299,156 1,894,300 2,500,604 2,135,335 2,000,000 1,679,099 2,170,576 491,477 29.3%
Real Estate Excise Tax 4,595,166 3,832,325 6,121,830 5,312,309 4,420,000 3,887,811 5,850,729 1,962,919 50.5%
Less: CIP REET (1,401,300) (958,081) (2,707,676) (2,656,155) (4,420,000) (3,887,811) (5,850,729) (1,962,919) 50.5%
EMS Levy 936,406 702,305 479,597 479,597 ‐ ‐ ‐ ‐ 0.0%
B&O Taxes ‐ ‐ 6,375,322 6,238,389 6,800,000 6,460,000 8,896,427 2,436,427 37.7%
Less: CIP B&O Taxes ‐ ‐ (2,000,000) (2,000,000) (2,473,974) (2,350,275) (2,473,974) (123,699) 5.3%
Business License Fees 3,125,740 2,990,092 1,926,510 1,822,085 1,302,453 1,238,203 1,347,908 109,705 8.9%
Less: CIP Business License Fees (2,584,164) (2,472,795) (1,587,627) (1,504,502) (617,016) (588,250) (576,119) 12,131 ‐2.1%
Animal Licenses and Spec Events Permits 101,743 90,597 102,905 87,498 92,575 81,721 126,991 45,270 55.4%
Building Permits & Development Svc Fees 6,077,055 5,157,161 5,293,563 4,527,811 5,735,368 4,902,760 4,097,515 (805,246) ‐16.4%
Intergovt'l (Grants, State Shared, etc) 4,053,617 3,210,136 3,998,953 3,256,481 4,277,529 2,983,967 3,218,137 234,169 7.8%
Fire District 25 and 40 Contracts 6,369,132 3,422,728 3,517,779 3,517,779 341,939 341,939 341,939 ‐ 0.0%
Public Safety 649,797 552,074 994,179 847,943 613,081 522,169 674,352 152,184 29.1%
Culture and Recreation 1,587,878 1,483,946 1,632,903 1,525,104 1,750,923 1,635,819 1,618,057 (17,762) ‐1.1%
Interfund/Interdept‐Services 3,106,430 2,623,464 3,377,663 2,771,059 4,178,976 3,482,480 3,297,698 (184,781) ‐5.3%
Fines and Penalties 848,052 663,385 901,592 694,350 824,450 632,394 629,300 (3,093) ‐0.5%
Photo Enforcement 2,171,184 1,756,603 1,959,071 1,586,861 2,044,000 1,654,629 1,750,872 96,243 5.8%
Seizure Funds ‐ Federal/State/Local 21,676 21,676 987,293 798,230 ‐ ‐ 167,480 167,480 100.0%
Interests and Other Earnings 973,208 575,152 1,058,880 594,358 875,300 503,754 719,343 215,589 42.8%
Rents, Leases, and Concessions 762,361 703,210 642,192 594,367 623,195 575,730 586,511 10,781 1.9%
Contributions and Donations 147,292 124,712 96,582 87,038 130,500 113,310 123,271 9,961 8.8%
Other Miscellaneous 941,127 767,974 956,131 725,263 691,812 544,010 753,997 209,987 38.6%
Other Financing Sources (Transfer ‐In, etc) 270,224 (13,684,197) 2,129,561 6,075 492,919 108,951 108,951 ‐ 0.0%
Total Operating Revenues 119,555,505 93,114,545 125,816,444 99,791,497 102,538,140 82,421,573 88,032,675 5,611,102 6.8%
OPERATING EXPENDITURES
Council 320,877 267,722 358,550 300,668 368,211 308,035 303,126 4,910 1.6%
Executive 1,691,189 1,358,895 1,778,206 1,463,344 1,957,671 1,611,032 1,596,730 14,302 0.9%
Emergency Management*398,808 304,922 370,832 317,406 609,249 492,637 473,196 19,441 3.9%
City Attorney 1,791,167 1,510,380 1,983,834 1,676,659 2,163,329 1,826,387 1,734,835 91,552 5.0%
Court Services 2,013,364 1,669,036 2,075,763 1,718,898 2,220,656 1,839,864 1,796,548 43,316 2.4%
Community and Eco Dvlpmnt Admin 1,183,052 1,004,505 1,161,330 960,176 1,337,991 1,121,287 1,116,598 4,689 0.4%
Development Services 2,632,264 2,174,837 2,859,410 2,365,335 3,404,464 2,814,598 2,598,327 216,271 7.7%
Economic Development 658,515 535,152 1,004,411 830,695 1,486,165 1,220,664 754,788 465,877 38.2%
Planning 2,606,551 2,195,594 2,716,214 2,274,192 3,222,077 2,705,736 2,215,869 489,867 18.1%
Finance 3,132,812 2,264,451 3,046,824 2,246,608 3,362,369 2,454,488 2,272,237 182,252 7.4%
City Clerk 1,027,084 727,698 914,251 758,024 1,239,455 948,567 896,304 52,263 5.5%
Human Resources 1,182,629 957,363 1,193,016 987,507 1,359,317 1,112,832 1,017,040 95,793 8.6%
Police 28,144,699 23,140,025 28,891,879 23,568,025 31,280,337 25,615,905 25,475,625 140,280 0.5%
Jail Services 4,142,266 3,452,459 4,704,978 3,920,703 4,850,000 4,006,546 4,006,546 ‐ 0.0%
Fire* 26,138,192 21,621,947 25,349,755 25,350,325 ‐ ‐ ‐ ‐ 0.0%
Community Services Admin 508,766 418,885 585,983 452,338 505,154 402,012 415,405 (13,394) ‐3.3%
Parks 4,411,383 3,675,425 4,445,115 3,734,313 5,179,955 4,333,779 3,918,443 415,337 9.6%
Parks Planning & Natural Resources 808,558 659,859 952,980 732,271 1,271,569 1,004,912 841,880 163,032 16.2%
Recreation 5,088,483 4,303,035 5,096,236 4,344,481 5,714,855 4,852,298 4,466,281 386,018 8.0%
Human Services 1,225,835 989,382 1,241,169 958,095 1,741,056 1,374,407 1,125,006 249,400 18.1%
Neighborhoods, Resources, & Events 958,624 774,155 865,551 692,390 1,225,894 985,557 804,485 181,073 18.4%
Museum 227,094 189,243 229,543 190,760 236,275 196,623 195,468 1,155 0.6%
Public Works Admin 387,493 323,704 398,796 333,632 406,398 339,748 340,310 (562) ‐0.2%
Street Maintenance 5,061,723 4,197,786 5,041,509 4,195,645 5,636,437 4,682,566 4,698,648 (16,082) ‐0.3%
Transportation 4,975,059 4,008,706 5,966,281 5,049,376 5,669,897 4,693,977 4,215,981 477,996 10.2%
Debt Service 6,371,715 1,547,614 6,099,166 1,448,946 6,066,629 1,361,480 1,361,480 ‐ 0.0%
Non‐Departmental and Other 10,069,740 6,317,413 9,883,923 3,549,024 16,795,551 2,637,698 2,637,698 ‐ 0.0%
Total Operating Expenditures 117,157,942 90,590,196 119,215,504 94,419,834 109,310,963 74,943,635 71,278,851 3,664,784 4.9%
Total Ending Fund Balance 19,962,845$ 20,089,631$ 26,563,785$ 25,334,508$ 19,790,962$ 34,041,723$ 43,317,609$ 9,275,886$ 27.2%
*Emergency Management was moved to Executive due to formation of RRFA
Favorable (Unfavorable)
2015 2016 2017 Variance
Annual Actual YTD Actual Annual Budget YTD Budget YTD ActualSummary of Sources and Uses Annual Actual YTD Actual
Monthly Financial Report October 2017
Page 1 of 37
Monthly Financial Report October 2017
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through October 31, 2017. 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 76% of
all resources supporting general governmental activities. The following section provides detail information on property,
sales, utility, and other taxes.
Property Tax
October’s collection is $4.1M,
making the total year‐to‐date
collection $17.5M or 72.5% of
the total budget. In comparison
to the previous year, the City
collected $9.1M or 34% less.
Compared to the budget, the City
collected $137K or 1% more. The
large variance with the prior year
is due to the formation of the
Renton Regional Fire Authority.
Sales Tax
October 2017 sales tax receipts
totaled $2.3M. Compared with
the same month last year, it is
$137K or 6% less. Compared to
the projected current month’s
budget, it is $11K or 1% above.
The year‐to‐date collection of
$21.9M is $319K or 1% more than
the prior year and is also $821K
or 4% more than budgeted.
Retail, Service, and Other are the
sectors that are collecting more
than anticipated. 2017’s monthly
budgets are generally based on
2011 through 2016 collections.
2016 2017 2017
ActualBudgetActual $%$%
Jan 44,745$ 36,768$ 55,429$ 10,684$ 24% 18,661$ 51%
Feb 315,119 204,274 195,332 (119,788) ‐38% (8,942) ‐4%
Mar 1,273,685 726,604 902,965 (370,721) ‐29% 176,361 24%
Apr 7,856,230 5,915,645 7,035,332 (820,898) ‐10% 1,119,687 19%
May 9,906,533 5,742,951 4,489,476 (5,417,057) ‐55% (1,253,475) ‐22%
Jun 137,794 93,616 128,834 (8,960) ‐7% 35,218 38%
Jul 57,174 40,245 69,600 12,426 22% 29,355 73%
Aug 240,536 110,113 101,349 (139,188) ‐58% (8,764) ‐8%
Sep 558,716 367,830 442,694 (116,022) ‐21% 74,865 20%
Oct 6,233,910 4,103,547 4,057,893 (2,176,017) ‐35% (45,654) ‐1%
Nov 10,268,791 6,647,038
Dec 145,246 114,763
YTD Total 26,624,443$ 17,341,593$ 17,478,904$ (9,145,539)$ ‐34% 137,311$ 1%
Annual Total 37,038,480$ 24,103,395$
Property Tax Revenues
Year to Date through October
2017 vs. 2016 2017 vs. Budget
Month
2016 2017 2017
ActualBudgetActual $%$%
Jan 1,978,530$ 2,031,194$ 2,092,821$ 114,291$ 6% 61,627$ 3%
Feb 2,320,497 2,422,103 2,473,715 153,218 7% 51,612 2%
Mar 1,854,773 1,886,175 1,945,278 90,505 5% 59,103 3%
Apr 1,888,875 1,881,780 1,871,345 (17,530) ‐1% (10,435) ‐1%
May 2,314,220 2,200,305 2,381,981 67,761 3% 181,675 8%
Jun 2,127,406 1,967,578 2,075,555 (51,851) ‐2% 107,977 5%
Jul 2,103,896 2,017,854 2,236,477 132,581 6% 218,623 11%
Aug 2,438,277 2,274,282 2,421,720 (16,557) ‐1% 147,439 6%
Sep 2,179,438 2,171,299 2,162,766 (16,672) ‐1% (8,533) 0%
Oct 2,410,824 2,262,292 2,273,788 (137,037) ‐6% 11,496 1%
Nov 2,532,820 2,367,730 ‐
Dec 2,203,689 2,217,808 ‐
YTD Total 21,616,737$ 21,114,861$ 21,935,446$ 318,709$ 1% 820,584$ 4%
Annual Total 26,353,246$ 25,700,400$
2017 vs. Budget2017 vs. 2016
Month
Year to Date through October
Local Retail Sales Tax Revenues
Page 2 of 37
Monthly Financial Report October 2017
The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business
sectors:
Utility tax
October utility tax revenues are
$1.4M, which is $77K or 6%
higher than the same month last
year and is also higher than the
budget by $176K or 14%. The
year‐to‐date collection is
$14.3M, which is $763K or 6%
higher than the prior year and is
also $1.4M or 10% higher than
the budget. The large January
variance with the budget is due
to lower 2015 activity for
Electricity and the timing of when
2015 Cell/Garbage taxes were
recorded. The April variance is
due to collecting higher than
expected Electrical/Natural Gas
and a correction to City Utilities. The monthly budgets are based on 2015/2016 activity.
The table below breaks out Utility Tax by source.
Sales Tax by Sector 2016 2017 Bgt YTD Act Change 2017/2016 2017 Act vs Bgt
New Construction 3,779,103$ 3,631,912$ 3,475,617$ (303,486)$ ‐8% $ (156,295)‐4%
Auto Sales 4,008,906 3,916,502 3,992,885 (16,021) 0% 76,383 2%
General Retail 6,049,049 6,007,345 6,387,116 338,067 6% 379,770 6%
Manufacturing 1,474,889 1,280,287 1,264,992 (209,897) ‐14% (15,295)‐1%
Wholesale 1,044,478 1,139,573 1,207,582 163,105 16% 68,010 6%
Service 4,678,744 4,594,323 4,961,373 282,629 6% 367,049 8%
Other 581,569 544,919 645,881 64,312 11% 100,962 19%
YTD Total 21,616,737$ 21,114,861$ 21,935,446$ 318,709$ 1%820,584$ 4%
Note: Excludes Annexation Credit and Criminal Justice Sales Tax revenue.
2016 2017 2017
ActualBudgetActual $%$%
Jan 1,509,960$ 1,277,138$ 1,698,721$ 188,761$ 13% 421,584$ 33%
Feb 1,597,348 1,458,074 1,360,589 (236,759) ‐15% (97,485) ‐7%
Mar 1,423,774 1,462,603 1,197,548 (226,226) ‐16% (265,055) ‐18%
Apr 1,346,282 1,289,233 1,797,449 451,168 34% 508,217 39%
May 1,363,323 1,284,502 1,464,438 101,115 7% 179,936 14%
Jun 1,125,845 1,177,807 1,351,607 225,762 20% 173,800 15%
Jul 1,276,335 1,234,377 1,538,390 262,054 21% 304,012 25%
Aug 1,247,926 1,269,789 1,185,237 (62,689) ‐5% (84,552) ‐7%
Sep 1,277,502 1,227,003 1,261,199 (16,303) ‐1% 34,197 3%
Oct 1,351,888 1,252,150 1,428,438 76,550 6% 176,288 14%
Nov 1,128,100 1,206,958
Dec 1,359,717 1,338,504
YTD Total 13,520,182$ 12,932,675$ 14,283,615$ 763,433$ 6% 1,350,940$ 10%
Annual Total 16,007,999$ 15,478,137$
2017 vs. Budget2017 vs. 2016
Year to Date through October
Utility Tax Revenues
Month
Utility Tax by Type 2016 2017 Bgt YTD Act Change 2017/2016 2017 Act vs Bgt
Electrical 4,526,885$ 4,447,894$ 4,751,757$ 224,872$ 5% $ 303,863 7%
Natural Gas 1,262,590 1,313,959 1,514,697 252,108 20% 200,739 15%
Cell 1,409,840 1,327,165 1,251,830 (158,009) ‐11% (75,334)‐6%
Phone 755,928 613,551 736,106 (19,822) ‐3% 122,556 20%
Cable 1,333,081 1,356,271 1,373,337 40,257 3% 17,066 1%
Garbage/Solid Waste 597,420 561,224 509,413 (88,007) ‐15% (51,811)‐9%
City Utilities 3,523,212 3,312,612 4,146,474 623,262 18% 833,862 25%
Utility Tax Audit 111,227 ‐ ‐ (111,227) 0% ‐ N/A
YTD Total 13,520,182$ 12,932,675$ 14,283,615$ 763,433$ 6%1,350,940$ 10%
Annual Total 16,007,999$ 15,478,137$
YTD as % of 84% 84%
Page 3 of 37
Monthly Financial Report October 2017
Other Taxes
Real Estate Excise Tax
The City collected $360K in Real
Estate Excise Tax revenues (REET)
for October. This is $200K or 36%
less than the same month last
year and is also $75K or 17% less
than the current month’s budget.
The year‐to‐date collection is
$5.9M, which is $538K or 10%
more than the prior year and is
also $2M or 50% above the
budget. The higher than
expected variance is due to 28
large transactions in December,
January, February, March, April,
May, June, July, August and
September which accounts for
$2M of the total REET collected.
Gambling Tax
October’s Gambling Tax
collections totaled $215K, which
is $27K or 11% below the same
month last year but is above the
current month’s budget by $25K
or 13%. The year‐to‐date total of
$2.2M is $35K or 2% above the
prior year and is also $491K or
29% above budget. The large
August variance with the prior
year month is due to collections
from a payment plan of back
taxes earned in 2013/2014.
Franchise Fees
Franchise Fees are due quarterly
in January, April, July, and
October. The year‐to‐date total
of $1.5M is $128K or 9% higher
than the prior year and is also
$201K or 15% above the
projected year‐to‐date budget.
2016 2017 2017
Actual Budget Actual $ % $ %
Jan 1,204,479$ 708,703$ 1,028,456$ (176,023)$ ‐15% 319,752$ 45%
Feb 197,327 148,787 337,024 139,698 71% 188,237 127%
Mar 208,452 204,512 708,868 500,416 240% 504,357 247%
Apr 335,985 298,627 385,517 49,532 15% 86,890 29%
May 475,244 361,568 386,087 (89,156) ‐19% 24,519 7%
Jun 405,179 346,520 747,549 342,371 84% 401,030 116%
Jul 644,038 497,925 591,137 (52,901) ‐8% 93,212 19%
Aug 759,583 484,354 672,396 (87,187) ‐11% 188,042 39%
Sep 522,472 401,943 633,804 111,332 21% 231,861 58%
Oct 559,552 434,871 359,891 (199,661) ‐36% (74,980) ‐17%
Nov 502,139 266,351
Dec 307,382 265,838
YTD Total 5,312,309$ 3,887,811$ 5,850,729$ 538,420$ 10% 1,962,919$ 50%
Annual Total 6,121,830$ 4,420,000$
*For 2017, REET is only in CIP
Month
2017 vs. Budget2017 vs. 2016
Real Estate Excise Tax (REET) Revenues*
Year to Date through October
2016 2017 2017
Actual Budget Actual $ % $ %
Jan 189,749$ 145,025$ 220,536$ 30,786$ 16% 75,511$ 52%
Feb 207,961 163,404 200,622 (7,339) ‐4% 37,218 23%
Mar 195,255 151,889 180,839 (14,416) ‐7% 28,949 19%
Apr 197,286 168,730 219,422 22,136 11% 50,692 30%
May 198,234 158,893 248,673 50,439 25% 89,780 57%
Jun 185,042 149,623 232,889 47,846 26% 83,265 56%
Jul 194,317 162,180 230,342 36,025 19% 68,162 42%
Aug 322,828 229,017 216,990 (105,838) ‐33% (12,027) ‐5%
Sep 202,409 159,756 205,141 2,732 1% 45,385 28%
Oct 242,254 190,582 215,122 (27,132) ‐11% 24,541 13%
Nov 183,345 165,084 ‐
Dec 181,924 155,817 ‐
YTD Total 2,135,335$ 1,679,099$ 2,170,576$ 35,241$ 2% 491,477$ 29%
Annual Total 2,500,604$ 2,000,000$
2017 vs. 2016
Gambling Tax Revenue
Month
Year to Date through October
2017 vs. Budget
2016 2017 2017
Actual Budget Actual $ % $ %
Jan 348,118$ 328,952$ 380,870$ 32,752$ 9% 51,918$ 16%
Feb ‐ ‐ 6,300 6,300 100% 6,300 100%
Mar ‐ ‐ 9,100 9,100 100% 9,100 100%
Apr 355,430 333,387 369,626 14,196 4% 36,240 11%
May ‐ ‐ 7,688 7,688 100% 7,688 100%
Jun ‐ ‐ 21,325 21,325 100% 21,325 100%
Jul 343,910 330,451 342,363 (1,547) 0% 11,912 4%
Aug ‐ ‐ 7,700 7,700 100% 7,700 100%
Sep 5,000 2,414 8,750 3,750 75% 6,336 263%
Oct 348,783 332,455 375,128 26,345 8% 42,673 13%
Dec 4,850 2,341 ‐
YTD Total 1,401,242$ 1,327,659$ 1,528,850$ 127,608$ 9% 201,191$ 15%
Annual Total 1,406,092$ 1,330,000$
Franchise Fees Revenue
Year to Date through October
Month
2017 vs. 2016 2017 vs. Budget
Page 4 of 37
Monthly Financial Report October 2017
Admission Tax
Admission Tax returns are due
quarterly in January, April, July,
and October of each year. July
2017 collections represent
activities conducted during the
2nd quarter of 2017. The year‐to‐
date collection of $179K is $83K
or 32% less than the prior year
and is also $141K or 44% less than
the budget. The October
collection (3rd Quarter activity)
will be recorded in December.
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 $1.5M 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 $8.9M. The
monthly budgets are based on
large business quarterly
reporting with smaller business
annual reporting.
Licenses and Permits
Business Licenses
Business Licenses totaled $187K
for October, which is $31K or
14% below the same month last
year and is also $35K or 16%
below the current month’s
budget. The year‐to‐date
Business Licenses revenue of
$1.3M is $474K or 26% below the
prior year but is above the
budget by $110K or 9%. The
variance with the prior year is
due the City adopting the
Business & Occupation Tax for
2016 (January 2016 represents
2015 4th quarter activity).
2016 2017 2017
Actual Budget Actual $ % $ %
Jan 76,393$ 89,502$ 60,741$ (15,652)$ ‐20% (28,762)$ ‐32%
Feb 1,360 1,527 2,788 1,429 105% 1,261 83%
Mar ‐ 59 ‐ ‐ (59) ‐100%
Apr 63,088 71,681 58,566 (4,522) ‐7% (13,115) ‐18%
May ‐ 852 1,279 1,279 100% 427 50%
Jun ‐ ‐ 785 785 100% 785 100%
Jul 60,763 80,276 51,061 (9,701) ‐16% (29,214) ‐36%
Aug ‐ ‐ 1,578 1,578 100% 1,578 100%
Sep 518 289 ‐ (518) (2 89) ‐100%
Oct 58,934 74,983 1,705 (57,229) ‐97% (73,278) ‐98%
Nov 1,452 831 ‐
YTD Total 261,054$ 319,169$ 178,503$ (82,551)$ ‐32% (140,666)$ ‐44%
Annual Total 262,506$ 320,000$
2017 vs. Budget
Admission Tax Revenue
Year to Date through October
Month
2017 vs. 2016
2016 2017 2017
Actual Budget Actual $ % $ %
Jan ‐$ 1,360,000$ 432,319$ 432,319$ 100% (927,681)$ ‐68%
Feb ‐ 170,000 794,093 794,093 100% 624,093 367%
Mar ‐ 170,000 13,228 13,228 100% (156,772) ‐92%
Apr 4,578,349 1,360,000 4,626,880 48,531 1% 3,266,880 240%
May 304,032 170,000 316,791 12,759 4% 146,791 86%
Jun 30,591 170,000 23,491 (7,100) ‐23% (146,509) ‐86%
Jul 376,209 1,360,000 1,139,041 762,832 203% (220,959) ‐16%
Aug 334,807 170,000 399,375 64,568 19% 229,375 135%
Sep 10,779 170,000 169,792 159,012 1475% (208) 0%
Oct 603,622 1,360,000 981,417 377,795 63% (378,583) ‐28%
Nov 136,933 170,000 ‐
Dec ‐ 170,000 ‐
YTD Total 6,238,389$ 6,460,000$ 8,896,427$ 2,658,038$ 43% 2,436,427$ 38%
Annual Total 6,375,322$ 6,800,000$
*Total Business & Occupation Taxes (GF & CIP)
Business & Occupation Taxes*
Year to Date through October
Month
2017 vs. 2016 2017 vs. Budget
2016 2017 2017
Actual Budget Actual $ % $ %
Jan 559,894$ 294,472 229,270$ (330,624)$ ‐59% (65,202)$ ‐22%
Feb 275,059 127,682 157,504 (117,555) ‐43% 29,822 23%
Mar 31,642 14,759 53,131 21,490 68% 38,373 260%
Apr 207,099 184,956 157,983 (49,116) ‐24% (26,973) ‐15%
May 111,131 72,269 126,086 14,955 13% 53,817 74%
Jun 26,936 13,489 36,375 9,439 35% 22,886 170%
Jul 248,769 228,999 217,718 (31,050) ‐12% (11,281) ‐5%
Aug 121,095 65,678 124,833 3,738 3% 59,155 90%
Sep 22,190 13,573 57,640 35,450 160% 44,066 325%
Oct 218,271 222,326 187,368 (30,903) ‐14% (34,958) ‐16%
Nov 91,870 56,325 ‐
Dec 12,555 7,925 ‐
YTD Total 1,822,085$ 1,238,203$ 1,347,908$ (474,177)$ ‐26% 109,705$ 9%
Annual Total 1,926,510$ 1,302,453$
*Total Business License (GF & CIP)
Business Licenses*
Month
2017 vs. 2016
Year to Date through October
2017 vs. Budget
Page 5 of 37
Monthly Financial Report October 2017
Building Permits and
Development Service Fees
Building Permits and
Development Service Fee
revenues totaled $338K in
October. The year‐to‐date
revenues of $4.1M is $430K or
10% less than the year before and
is also $805K or 16% lower than
budget. The large variances in
January/February 2016 is due to
large payments for building
permits and plan review
(Southport Developer and Group
Health). The large variance in
May 2017 is due to large
payments for building permits (Renton School District and Valley Medical Center). The large variance in July 2016 is due to a
large payment from Group Health.
Intergovernmental
These revenue sources
include federal (direct
and indirect) grants,
state grants, state
shared revenues, local
grants, and
entitlements. State
shared revenues 93% of
the total revenues in
this category. The year‐
to‐date total
Intergovernmental revenue is $5.9M or 80% of the budget.
State Shared Revenues
State Shared Revenue
collections totaled
$5.1M since the start of
the year. Compared to
the prior year, State
Shared Revenues are
above by $153K or 3%.
Compared to the
projected budget, the
City is collecting $343K
or 7% more. The higher
than expected collection
is due to collecting more
than anticipated
Criminal Justice’s Sales
Tax, Criminal Justice’s High Crime, Marijuana Enforcement, Liquor Excise Tax, and Fuel Tax.
2016 2017 2017
Actual Budget Actual $ % $ %
Jan 661,363$ 481,500$ 399,548$ (261,815)$ ‐40% (81,952)$ ‐17%
Feb 413,420 379,615 277,296 (136,124) ‐33% (102,319) ‐27%
Mar 583,658 440,847 503,290 (80,368) ‐14% 62,443 14%
Apr 336,108 484,673 265,749 (70,360) ‐21% (218,925) ‐45%
May 376,324 310,348 558,773 182,449 48% 248,425 80%
Jun 437,619 698,400 611,441 173,822 40% (86,959) ‐12%
Jul 462,211 691,725 264,515 (197,696) ‐43% (427,210) ‐62%
Aug 397,578 438,730 433,043 35,465 9% (5,687) ‐1%
Sep 380,480 498,572 445,562 65,082 17% (53,010) ‐11%
Oct 479,048 478,350 338,298 (140,750) ‐29% (140,052) ‐29%
Nov 297,449 359,940
Dec 468,303 472,668
YTD Total 4,527,811$ 4,902,760$ 4,097,515$ (430,296)$ ‐10% (805,246)$ ‐16%
Annual Total 5,293,563$ 5,735,368$
Building Permits and Development Service Fees
Year to Date through October
2017 vs. Budget2017 vs. 2016
Month
Intergovernmental 2016 2017 Bgt YTD Act Change 2017/2016 2017 Act vs Bgt
Fire District #25 698,123$ ‐$ ‐$ (698,123)$ 0% $ ‐ N/A
Fire District #40 2,819,656 341,939 341,939 (2,477,717) ‐88%‐ 0%
State Shared Revenue 4,996,026 4,806,128 5,149,136 153,110 3% 343,008 7%
Federal Grants 276,131 134,689 134,689 (141,442) ‐51%‐ 0%
State Grants 51,274 30,032 30,032 (21,242) ‐41%‐ 0%
Other Grants/Intgovt 646,061 225,607 218,127 (427,934) ‐66% (7,481) ‐3%
ARRA Grants ‐ ‐ ‐ ‐ N/A ‐ N/A
Total Rev YTD 9,487,270$ 5,538,395$ 5,873,923$ (3,613,348)$ ‐38%335,527$ 6%
Total Rev Annual 10,698,115$ 7,299,366$
YTD % 89% 76% 80%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
2016 2017 2017
Actual Budget Actual $ % $ %
Crim Just Sales Tax 2,233,414$ 2,212,489$ 2,313,847$ 80,433$ 4% 101,358$ 5%
Judicial Contribution 18,092 ‐ 11,141 (6,951) ‐38% 11,141 100%
Crim Just ‐ High Crime 289,982 184,453 272,857 (17,124) ‐6% 88,404 48%
Crim Just ‐ Pop 27,122 24,360 28,640 1,519 6% 4,280 18%
Crim Just ‐ Spec Prog 98,887 90,335 103,951 5,065 5% 13,616 15%
State DUI 15,353 17,255 15,352 (1) 0% (1,903) ‐11%
Marijuana Enforcement 17,739 ‐ 43,934 26,194 148% 43,934 100%
Liquor Profits 636,375 637,629 641,637 5,262 1% 4,009 1%
Liquor Excise Tax 459,427 446,600 488,280 28,852 6% 41,680 9%
Fuel Tax 1,199,634 1,193,006 1,229,496 29,862 2% 36,490 3%
YTD Total 4,996,026$ 4,806,128$ 5,149,136$ 153,110$ 3% 343,008$ 7%
Annual Total 5,933,890$ 5,805,528$
2017 vs. Budget
State Shared Revenues
2017 vs. 2016
Revenue
Year to Date through October
Page 6 of 37
Monthly Financial Report October 2017
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
68% of the total revenue in this category. The year‐to‐date total charges for services are $7.2M or 83% of the budget. The
following sections provide detail information for Public Safety, Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totaled
$674K 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 $174K or 20%
less. Compared to the year‐to‐
date budget, the City is over
budget by $152K or 29%. The
variance with the prior year is
due to collecting large
payments/reimbursements for
electronic home detention and
School Resource Officer programs.
Recreation
Recreation revenues totaled
$49K for the current month.
Compared to the same month
the prior year, the City collected
$3K or 7% more. Compared to
the projected monthly budget,
the City collected $6K or 11%
less. The year‐to‐date collection
of $1.6M is $93K or 6% higher
than the year before but is $18K
or 1% lower than the year‐to‐
date budget.
2016 2017 2017
ActualBudgetActual $%$%
Jan 104,644$ 60,800$ 64,424$ (40,221)$ ‐38% 3,624$ 6%
Feb 99,623 52,862 68,705 (30,918) ‐31% 15,844 30%
Mar 58,031 44,909 148,707 90,676 156% 103,798 231%
Apr 51,002 73,680 61,399 10,397 20% (12,280) ‐17%
May 48,201 38,573 63,815 15,615 32% 25,242 65%
Jun 179,089 79,037 43,374 (135,715) ‐76% (35,664) ‐45%
Jul 34,906 27,743 59,850 24,944 71% 32,108 116%
Aug 44,439 38,564 58,114 13,675 31% 19,550 51%
Sep 67,570 33,790 53,908 (13,663) ‐20% 20,118 60%
Oct 160,438 72,212 52,056 (108,382) ‐68% (20,155) ‐28%
Nov 67,763 42,537 ‐
Dec 78,473 48,375 ‐
YTD Total 847,943$ 522,169$ 674,352$ (173,591)$ ‐20% 152,184$ 29%
Annual Total 994,179$ 613,081$
Year to Date through October
Public Safety Services
2017 vs. 2016 2017 vs. Budget
Month
2016 2017 2017
ActualBudgetActual $%$%
Jan 163,783$ 152,710$ 152,350$ (11,433)$ ‐7% (360)$ 0%
Feb 48,009 42,505 38,452 (9,558) ‐20% (4,053) ‐10%
Mar 60,615 52,493 65,420 4,805 8% 12,927 25%
Apr 112,627 110,918 74,806 (37,821) ‐34% (36,112) ‐33%
May 72,246 74,076 84,381 12,135 17% 10,305 14%
Jun 239,771 254,264 153,304 (86,467) ‐36% (100,960) ‐40%
Jul 325,043 409,892 482,458 157,415 48% 72,566 18%
Aug 349,650 360,345 382,296 32,646 9% 21,950 6%
Sep 107,652 123,607 135,476 27,824 26% 11,869 10%
Oct 45,706 55,007 49,113 3,407 7% (5,894) ‐11%
Nov 68,324 70,632 ‐
Dec 39,475 44,472 ‐
YTD Total 1,525,104$ 1,635,819$ 1,618,057$ 92,953$ 6% (17,762)$ ‐1%
Annual Total 1,632,903$ 1,750,923$
Recreation
Year to Date through October
2017 vs. Budget2017 vs. 2016
Month
Page 7 of 37
Monthly Financial Report October 2017
Interfund Services
The year‐to‐date collections for
Interfund Services revenues are
$3.3M. Compared to the prior
year, the revenues are over by
$527K or 19%. Compared to the
projected budget, the revenues
are below by $185K or 5%.
2017’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
$2.4M. This is $99K or 4% higher
than a year ago and $93K or 4%
higher than the budget.
2016 2017 2017
Actual Budget Actual $ % $ %
Jan 272,841$ 348,248$ 330,774$ 57,933$ 21% (17,474)$ ‐5%
Feb 286,748 348,248 319,851 33,103 12% (28,397) ‐8%
Mar 305,054 348,248 377,192 72,138 24% 28,944 8%
Apr 276,238 348,248 332,180 55,942 20% (16,068) ‐5%
May 272,641 348,248 332,543 59,902 22% (15,705) ‐5%
Jun 260,223 348,248 322,435 62,212 24% (25,813) ‐7%
Jul 259,888 348,248 314,856 54,968 21% (33,392) ‐10%
Aug 273,851 348,248 295,921 22,070 8% (52,327) ‐15%
Sep 286,057 348,248 350,908 64,850 23% 2,660 1%
Oct 277,517 348,248 321,038 43,521 16% (27,210) ‐8%
Nov 295,584 348,248 ‐
Dec 311,019 348,248 ‐
YTD Total 2,771,059$ 3,482,480$ 3,297,698$ 526,639$ 19% (184,781)$ ‐5%
Annual Total 3,377,663$ 4,178,976$
Interfund Services
Year to Date through October
2017 vs. 2016 2017 vs. Budget
Month
2016 2017 2017
Actual Budget Actual $ % $ %
Jan 136,421$ 126,199$ 134,957$ (1,464)$ ‐1% 8,758$ 7%
Feb 217,667 213,156 217,056 (611) 0% 3,900 2%
Mar 263,648 264,385 212,186 (51,462) ‐20% (52,199) ‐20%
Apr 250,873 242,171 242,816 (8,056) ‐3% 645 0%
May 214,613 231,927 229,877 15,263 7% (2,050) ‐1%
Jun 261,254 261,299 302,666 41,411 16% 41,367 16%
Jul 222,267 219,171 247,260 24,993 11% 28,089 13%
Aug 274,964 252,324 298,685 23,721 9% 46,360 18%
Sep 200,986 232,621 220,425 19,439 10% (12,196) ‐5%
Oct 238,517 243,770 274,245 35,728 15% 30,475 13%
Nov 273,338 270,941
Dec 306,114 310,486
YTD Total 2,281,211$ 2,287,023$ 2,380,172$ 98,962$ 4% 93,149$ 4%
Annual Total 2,860,662$ 2,868,450$
2017 vs. Budget2017 vs. 2016
Year to Date through October
Fines and Penalties by Month
Month
Year to Date through October
2016 2017 2017
Actual Budget Actual $ % $ %
Civil Penalties 1,872$ 3,845$ 1,788$ (84)$ ‐4% (2,056)$ ‐53%
Civil Infraction Penalties 276,021 256,180 255,427 (20,594) ‐7% (754) 0%
Civil Parking Infraction Penalties 131,371 186,466 143,761 12,390 9% (42,705) ‐23%
Photo Enforcement Program 1,586,861 1,654,629 1,750,872 164,012 10% 96,243 6%
Criminal Traffic Misdemeanor Fines 61,921 55,702 64,007 2,086 3% 8,305 15%
Criminal Non‐Traffic Fines 21,067 41,232 62,626 41,559 197% 21,394 52%
Criminal Costs 74,861 70,082 67,449 (7,412) ‐10% (2,632) ‐4%
Non‐Court Fines, Forfeitures and Penalties 127,237 18,887 34,242 (92,995) ‐73% 15,355 81%
YTD Total 2,281,211$ 2,287,023$ 2,380,172$ 98,962$ 4% 93,149$ 4%
Annual Total 2,860,662$ 2,868,450$
Revenue
2017 vs. Budget
Fines and Penalties by Type
2017 vs. 2016
Page 8 of 37
Monthly Financial Report October 2017
Included in the Fines and Penalties revenue
budget is $2M 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
$1.8M.
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 $318k for
personnel costs. The total costs for the
program equates to $1.1M which is
represented in the table. Due to the timing
of when the invoice was received, January 2017’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 $1.9M.
Compared to last year, the
revenues are below by $549K or
23%. Compared to the projected
year‐to‐date budget, the
revenues are over by $475K or
34%. The large variance with the
prior year is due to collecting
more than anticipated Seizure
Funds in 2016. Seizure Funds are restricted to drug enforcement only and are not available for general operating purposes.
Favorable
17 Budget 17 Actual 17 Budget 17 Actual (Unfavorable)
1
Jan 125,201$ 127,976$ 89,775$ 27,432$ 100,544$
Feb 157,962 151,276 89,775 95,200 56,076
Mar 189,510 146,612 89,775 95,186 51,425
Apr 165,633 161,103 89,775 95,192 65,911
May 152,426 175,251 89,775 95,189 80,062
Jun 194,994 221,788 89,775 95,183 126,605
Jul 144,851 183,910 89,775 95,189 88,721
Aug 183,427 225,288 89,775 95,204 130,084
Sep 164,770 146,972 89,775 95,195 51,776
Oct 175,856 210,697 89,775 95,192 115,505
Nov 185,108 ‐ 89,775 ‐ ‐
Dec 204,263 ‐ 89,775 ‐ ‐
YTD Total 1,654,629$ 1,750,872$ 897,748$ 884,164$ 866,708$
Annual Total 2,044,000$ 1,077,297$
1Actuals of Revenues and Expenses
ExpensesRevenues
Photo Enforcement Program
Year to Date through October
Month
2016 2017 2017
ActualBudgetActual $%$%
Jan 258,876$ 210,805$ 363,997$ 105,122$ 41% 153,192$ 73%
Feb 802,908 115,946 148,988 (653,920) ‐81% 33,043 28%
Mar 125,950 125,932 150,954 25,004 20% 25,022 20%
Apr 142,439 108,346 188,887 46,448 33% 80,540 74%
May 139,504 116,600 152,678 13,174 9% 36,078 31%
Jun 174,848 159,284 179,152 4,304 2% 19,867 12%
Jul 181,285 162,595 193,718 12,433 7% 31,122 19%
Aug 294,665 160,588 198,576 (96,088) ‐33% 37,989 24%
Sep 160,616 121,159 151,310 (9,305) ‐6% 30,152 25%
Oct 152,817 128,451 156,212 3,395 2% 27,761 22%
Nov 327,568 104,753
Dec 425,765 370,158
YTD Total 2,433,908$ 1,409,706$ 1,884,473$ (549,435)$ ‐23% 474,767$ 34%
Annual Total 3,187,241$ 1,884,617$
Year to Date through October
Month
2017 vs. Budget2017 vs. 2016
Miscellaneous Revenues by Month
2016 2017 2017
Actual Budget Actual $ % $ %
Interests and Other Earnings 594,358$ 503,754$ 719,343$ 124,985$ 21% 215,589$ 43%
Rents, Leases, and Concessions 594,367 575,730 586,511 (7,855) ‐1% 10,781 2%
Contributions/Donations from Private Sources 87,038 113,310 123,271 36,233 42% 9,961 9%
Other 359,915 216,912 287,869 (72,047) ‐20% 70,957 33%
Seizure Funds ‐ Federal/State/Local 798,230 ‐ 167,480 (630,750) ‐79% 167,480 100%
YTD Total 2,433,908$ 1,409,706$ 1,884,473$ (549,435)$ ‐23% 474,767$ 34%
Annual Total 3,187,241$ 1,884,617$
2017 vs. Budget
Miscellaneous Revenues by Type
Year to Date through October
Revenue
2017 vs. 2016
Page 9 of 37
Monthly Financial Report October 2017
EXPENSES
Overall the City has expended 65% of its budgeted general governmental expenditures at the end of October. This is $3.7M
or 4.9% below year‐to‐date budgeted expenditures. The City did not have any general governmental departments over
budget but we did see some divisions within those departments over budget. Please refer to the General Governmental
Funds Summary of Sources and Uses table on page 1 for details.
Page 10 of 37
Monthly Financial Report October 2017
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 funds are the capital revenues and expenditures. Golf Course has a negative fund balance
in October due to correcting entries made to the prior years’ gift card and tournament play accounts.
Airport Golf Course Solid Waste
Utility Water Utility Wastewater
Utility
Surface Water
Utility Metro
REVENUES:
Licenses and permits ‐ ‐ ‐ ‐ 76,190 34,800 ‐
Grants / intergovernmental 13,312 ‐ 134,063 ‐ 1,232,421 1,309,445 ‐
Charges for services 157,783 1,631,384 14,503,391 15,105,789 8,727,726 9,702,148 14,126,701
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 1,194 ‐ ‐ ‐ 970 ‐ ‐
Rents, leases, and misc fees 2,170,013 370,358 11,857 152,047 ‐ ‐ ‐
Interest and other misc 20,036 (67,074) 44,806 4,401,776 3,194,123 1,882,840 31,870
TOTAL REVENUES 2,362,338 1,934,668 14,694,117 19,659,612 13,231,430 12,929,233 14,158,571
EXPENSES:
Utility billing ‐ ‐ 36,732 135,342 109,137 168,900 ‐
Utility systems ‐ ‐ 13,664,119 3,176,642 2,877,517 3,625,106 ‐
Utility maintenance ‐ ‐ 284,767 4,815,133 1,801,977 2,317,964 14,017,624
Transportation 1,332,097 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 1,913,662 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 1,332,097 1,913,662 13,985,618 8,127,117 4,788,631 6,111,970 14,017,624
AMOUNT AVAILABLE FOR DEBT SERVICE 1,030,241 21,006 708,498 11,532,495 8,442,799 6,817,263 140,947
DEBT SERVICE:
Principal ‐ ‐ ‐ 3,804,103 1,673,420 1,231,454 ‐
Interest ‐ ‐ ‐ 244,891 111,357 536,512 ‐
TOTAL DEBT SERVICE ‐ ‐ ‐ 4,048,994 1,784,777 1,767,966 ‐
CAPITAL PROJECTS 189,190 66,995 ‐ 1,898,464 2,588,907 1,648,260 ‐
TRANSFERS IN/(OUT)‐ ‐ (370) (433) (1,205) (1,891) ‐
CHANGE IN FUND BALANCE 841,051 (45,989) 708,128 5,584,604 4,067,910 3,399,146 140,947
BEGINNING FUND BALANCE, Jan 1 2,619,343 37,088 2,751,417 28,528,934 13,859,662 10,893,975 4,994,658
ENDING FUND BALANCE, Oct 31 3,460,394 (8,901) 3,459,545 34,113,538 17,927,572 14,293,121 5,135,605
Page 11 of 37
Monthly Financial Report October 2017
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 ‐ 173,417 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ 7,110 ‐ ‐ ‐ ‐ 47,440
Charges for services
Equipment rental m&o 2,257,537 3,542,013 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ ‐ ‐ 366,109 ‐ ‐ ‐
Communications ‐ 662,085 ‐ 531,598 ‐ ‐ ‐
Facilities ‐ ‐ 4,185,847 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ ‐ ‐ ‐ ‐ ‐ ‐
IT service co ntracts ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest and other misc 40,441 18,429 9,788 3,561 78,970 27,801 66,355
Internal service fund misc:
Vehicle / equipment capital recovery 1,845,003 403,300 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 1,430,238 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 1,163,810 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 7,692,230 2,187,236
Other misc 352 47 31,020 20 ‐ 778,362 ‐
Interfund Loan ‐ ‐ ‐ ‐ ‐ ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 111,771 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 171,074 ‐ ‐
TOTAL REVENUES 4,255,104 4,806,401 4,226,654 901,288 2,844,092 8,498,393 2,301,031
EXPENSES:
Communications 493,756
Equipment rental 1,948,724
Facilities 3,691,361
Healthcare 7,780,711
Information technology 3,485,921
Print and mail 337,486
Retiree healthcare 771,486
Risk management:
Risk management 1,180,725
Unemployment 51,343
Worker's compensation 1,104,089
TOTAL EXPENSES 1,948,724 3,485,921 3,691,361 831,242 2,336,157 7,780,711 771,486
AMOUNT AVAILABLE FOR CAPITAL 2,306,380 1,320,480 535,294 70,046 507,935 717,682 1,529,545
CAPITAL PROJECTS 2,440,654 384,898 30,077 ‐ ‐ ‐ ‐
TRANSFERS IN ‐ 18,508 ‐ ‐ ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ (89,876) ‐
CHANGE IN FUND BALANCE (134,274) 954,090 505,217 70,046 507,935 627,806 1,529,545
BEGINNING FUND BALANCE, Jan 1 6,432,053 2,570,374 1,275,053 542,927 12,852,509 4,156,148 10,079,251
ENDING FUND BALANCE, Oct 31 6,297,779 3,524,464 1,780,270 612,973 13,360,444 4,783,954 11,608,796
Page 12 of 37
Monthly Financial Report October 2017
FUND BALANCE
Page 14 shows the ending fund balance as of October 2017. 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 October, the City has $43.3M reported in the combined general governmental fund balance of the current
year’s operating budget, which is approximately 40% of budgeted operating expenditures. This is an increase of $16.8M from
the year’s beginning balance. October’s ending fund balance is over the anticipated General Governmental Fund Balance of
$34M by $9.3M or 27.2%. 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 October 2017
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through October 31, 2017
Funds
Balance
01/01/2017
Budgeted
Revenue
Revenue
10/31/17
Total Funds
Available
Budgeted
Expenditure
Expenditure
10/31/17 Ending Balance
GENERAL GOVERNMENT FUNDS: 26,563,785 102,538,140 88,032,675 114,596,460 109,310,964 71,278,851 43,317,609
000 General 18,201,028 69,687,089 62,547,304 80,748,332 76,768,027 50,144,202 30,604,130
001 Community Services 3,769,766 13,615,254 11,130,685 14,900,451 13,788,263 10,353,445 4,547,006
003 Street 1,936,367 11,885,024 9,589,749 11,526,116 11,306,335 8,914,629 2,611,487
004 Community Dev Block Grant 66,654 1,028,770 413 67,067 1,036,270 216,578 (149,512)
005 Museum 72,372 233,936 175,750 248,122 236,275 195,468 52,654
009 Farmers Market 90,730 112,742 105,511 196,241 109,165 93,048 103,193
011 Fire Health & Wellness ‐ ‐ ‐ ‐ ‐ ‐ ‐
201 Ltd GO Bonds Gen Govt Debt 852,111 1,749,675 1,320,513 2,172,624 1,749,675 41,925 2,130,699
215 Gen Govt Misc Debt Service 1,574,757 4,225,650 3,162,750 4,737,507 4,316,954 1,319,555 3,417,951
SPECIAL REVENUE FUNDS:1,599,965 1,974,729 2,029,530 3,629,495 2,164,749 852,148 2,777,347
102 Arterial Street 63,480 660,000 580,578 644,058 660,000 ‐ 644,058
108 Leased City Properties 276,865 902,550 994,133 1,270,998 888,131 548,292 722,706
110 Hotel Motel 402,602 265,000 320,727 723,329 375,994 243,825 479,504
125 1% For Art 128,489 24,505 769 129,258 117,950 13,950 115,308
127 Cable Communication 394,504 122,674 131,276 525,780 122,674 46,081 479,699
135 Springbrook Wetlands Bank 334,025 ‐ 2,047 336,072 ‐ ‐ 336,072
CAPITAL PROJECT FUNDS (CIP): 26,202,403 35,746,139 17,715,742 43,918,145 50,816,731 12,634,246 31,283,899
303 Community Services Mitigation 1,255,194 406,014 234,174 1,489,368 ‐ ‐ 1,489,368
304 Fire Mitigation 607,163 99,000 386,273 993,436 158,696 ‐ 993,436
305 Transportation Mitigation 1,497,748 620,000 665,247 2,162,995 1,890,000 ‐ 2,162,995
316 Municipal Facilities CIP 15,038,030 13,701,632 9,478,948 24,516,978 23,198,133 3,277,138 21,239,840
317 Transportation CIP 5,640,494 19,419,493 6,924,101 12,564,595 24,544,675 9,060,094 3,504,501
326 Housing Opportunity 1,041,173 1,500,000 6,382 1,047,555 ‐ ‐ 1,047,555
336 New Library Development 1,122,601 ‐ 5,477 1,128,078 1,025,227 297,014 831,064
346 New Family First Center Dvlpmnt ‐ ‐ 15,140 15,140 ‐ ‐ 15,140
ENTERPRISE FUNDS:63,685,077 89,995,648 79,031,113 142,716,190 120,539,512 64,335,312 78,380,878
4X2 Airport Operating & CIP 2,619,343 3,405,842 2,362,338 4,981,681 5,688,023 1,521,287 3,460,394
403 Solid Waste Utility 2,751,417 19,187,851 14,694,117 17,445,534 19,024,775 13,985,988 3,459,546
4X4 Golf Operating & CIP 37,088 2,893,044 1,984,668 2,021,756 2,630,288 2,030,657 (8,901)
4X5 Water Operating & CIP 28,528,934 17,180,526 19,659,611 48,188,545 35,347,154 14,075,006 34,113,539
4X6 Waste Water Operating & CIP 13,859,662 13,264,936 13,242,574 27,102,236 20,537,816 9,174,665 17,927,571
416 King County Metro 4,994,658 17,505,693 14,158,571 19,153,229 17,505,693 14,017,624 5,135,605
4X7 Surface Water Operating & CIP 10,893,975 16,557,756 12,929,234 23,823,209 19,805,763 9,530,085 14,293,124
INTERNAL SERVICE FUNDS:37,908,315 34,806,873 27,851,471 65,759,786 33,548,887 23,791,108 41,968,678
501 Equipment Repair/Replacement 6,432,053 6,494,353 4,255,104 10,687,157 7,728,113 4,389,378 6,297,779
502 Insurance 12,852,509 7,392,368 2,844,092 15,696,601 3,571,166 2,336,157 13,360,444
503 Information Services 2,570,374 5,731,776 4,824,909 7,395,283 6,835,636 3,870,819 3,524,464
504 Facilities 1,275,053 5,067,015 4,226,654 5,501,707 5,134,433 3,721,438 1,780,269
505 Communications 542,927 1,078,253 901,288 1,444,215 1,076,474 831,243 612,972
512 Insurance, Healthcare 4,156,148 7,787,779 8,498,393 12,654,541 8,163,471 7,870,587 4,783,954
522 Insurance, Leoff1 Retirees HC 10,079,251 1,255,329 2,301,031 12,380,282 1,039,594 771,486 11,608,796
FIDUCIARY FUNDS:5,578,045 468,000 174,694 5,752,739 210,475 175,346 5,577,393
611 Firemen's Pension 5,578,045 468,000 174,694 5,752,739 210,475 175,346 5,577,393
TOTAL FUNDS 161,537,590 265,529,529 214,835,225 376,372,815 316,591,318 173,067,011 203,305,804
Page 14 of 37
City of Renton
General Government Financial Position
2017 Budget Year
General Government Summary
Revenues Expenditures
$ Difference
over (under)
w/beginning
balance
26,563,785
January 7,364,146 6,595,136 769,010 27,332,795
February 14,472,917 13,388,134 1,084,783 27,648,568
March 21,057,303 20,198,065 859,238 27,423,023
April 39,230,543 27,006,711 12,223,832 38,787,617
May 47,996,932 34,253,900 13,743,032 40,306,817
June 54,429,132 41,552,555 12,876,577 39,440,362
July 62,729,973 49,694,920 13,035,053 39,598,838
August 69,843,380 57,216,081 12,627,299 39,191,084
September 76,428,173 64,564,463 11,863,710 38,427,495
October 88,032,675 71,278,851 16,753,824 43,317,609
November
December
(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
16,000,000
17,000,000
18,000,000
‐
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
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 ‐ 2017 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 7,177,041 7,364,146 2.61%
Feb 13,703,279 14,472,917 5.62%
Mar 20,182,920 21,057,303 4.33%
Apr 32,964,280 39,230,543 19.01%
May 44,307,275 47,996,932 8.33%
Jun 50,529,531 54,429,132 7.72%
Jul 58,111,943 62,729,973 7.95%
Aug 64,639,963 69,843,380 8.05%
Sep 70,939,871 76,428,173 7.74%
Oct 82,421,573 88,032,675 6.81%
Nov 95,506,932
Dec 102,538,140
Percent of budget 85.85%
Property Tax Budget
YTD
Actual
Annual %
over (under)
Jan 36,768 55,429 50.75%
Feb 241,042 250,761 4.03%
Mar 967,646 1,153,726 19.23%
Apr 6,883,291 8,189,058 18.97%
May 12,626,243 12,678,534 0.41%
Jun 12,719,859 12,807,368 0.69%
Jul 12,760,104 12,876,968 0.92%
Aug 12,870,217 12,978,317 0.84%
Sep 13,238,047 13,421,011 1.38%
Oct 17,341,593 17,478,904 0.79%
Nov 23,988,632
Dec 24,103,395
Percent of budget 72.52%
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
$120
$130
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 ‐ 2017 Budget Year
Sales Tax Budget
YTD
Actual
Annual %
over (under)
Jan 2,261,189 2,340,558 3.51%
Feb 4,964,886 5,107,413 2.87%
Mar 7,067,913 7,282,613 3.04%
Apr 9,174,172 9,375,961 2.20%
May 11,640,150 12,040,621 3.44%
Jun 13,842,125 14,362,484 3.76%
Jul 16,104,724 16,864,294 4.72%
Aug 18,663,293 19,574,255 4.88%
Sep 21,097,526 21,993,685 4.25%
Oct 23,629,240 24,536,818 3.84%
Nov 26,285,407
Dec 28,763,680
Percent of budget 85.30%
Note: Excludes CJ Sales Tax and Natural Gas Use Tax.
Utility Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,277,138 1,698,721 33.01%
Feb 2,735,212 3,059,310 11.85%
Mar 4,197,814 4,256,858 1.41%
Apr 5,487,047 6,054,307 10.34%
May 6,771,549 7,518,745 11.03%
Jun 7,949,356 8,870,352 11.59%
Jul 9,183,733 10,408,741 13.34%
Aug 10,453,523 11,593,978 10.91%
Sep 11,680,525 12,855,178 10.06%
Oct 12,932,675 14,283,615 10.45%
Nov 14,139,633
Dec 15,478,137
Percent of budget 92.28%
Note: Includes Natural Gas Use Tax.
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
Millions Sales Tax
Budget
Actual
Last Year
$‐
$2
$4
$6
$8
$10
$12
$14
$16
Millions Utility Tax
Budget
Actual
Last Year
Page 17 of 37
City of Renton
Monthly Revenue Analysis ‐ 2017 Budget Year
Licenses &
Permits Budget
YTD
Actual
Annual %
over (under)
Jan 586,132 321,764 ‐45.10%
Feb 956,756 594,059 ‐37.91%
Mar 1,322,363 1,019,840 ‐22.88%
Apr 1,688,572 1,318,141 ‐21.94%
May 1,961,934 1,825,961 ‐6.93%
Jun 2,264,302 2,301,827 1.66%
Jul 2,972,183 2,656,217 ‐10.63%
Aug 3,368,015 3,093,300 ‐8.16%
Sep 3,791,878 3,489,741 ‐7.97%
Oct 4,274,238 3,821,627 ‐10.59%
Nov 4,532,625
Dec 4,815,012
Percent of budget 79.37%
Note: GF only
Intergovt'l Budget
YTD
Actual
Annual %
over (under)
Jan 567,324 604,678 6.58%
Feb 1,156,199 1,193,433 3.22%
Mar 1,699,398 1,773,868 4.38%
Apr 2,209,382 2,313,101 4.69%
May 2,601,589 2,729,902 4.93%
Jun 3,194,501 3,346,773 4.77%
Jul 3,772,397 4,001,945 6.08%
Aug 4,332,435 4,575,058 5.60%
Sep 4,923,899 5,211,371 5.84%
Oct 5,538,395 5,873,923 6.06%
Nov 6,242,326
Dec 7,299,366
Percent of budget 80.47%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
$‐
$2
$4
$6
$8
$10
$12
Millions
Intergovernmental
Budget
Actual
Last Year
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
Millions Licenses & Permits
Budget
Actual
Last Year
Page 18 of 37
City of Renton
Monthly Revenue Analysis ‐ 2017 Budget Year
Charges for
Services Budget
YTD
Actual
Annual %
over (under)
Jan 641,725 749,576 16.81%
Feb 1,192,622 1,295,589 8.63%
Mar 1,779,728 2,031,739 14.16%
Apr 2,574,617 2,607,404 1.27%
May 3,142,189 3,347,586 6.54%
Jun 4,270,357 4,077,898 ‐4.51%
Jul 5,207,148 5,052,850 ‐2.96%
Aug 6,077,059 5,992,324 ‐1.39%
Sep 6,705,746 6,661,946 ‐0.65%
Oct 7,327,762 7,230,905 ‐1.32%
Nov 7,947,988
Dec 8,677,538
Percent of budget 83.33%
Note: Excludes FD25 & FD40 contracts
Fines &
Forfeits Budget
YTD
Actual
Annual %
over (under)
Jan 126,199 134,957 6.94%
Feb 339,355 352,013 3.73%
Mar 603,740 564,199 ‐6.55%
Apr 845,911 807,015 ‐4.60%
May 1,077,838 1,036,892 ‐3.80%
Jun 1,339,137 1,339,558 0.03%
Jul 1,558,308 1,586,818 1.83%
Aug 1,810,632 1,885,502 4.14%
Sep 2,043,253 2,105,927 3.07%
Oct 2,287,023 2,380,172 4.07%
Nov 2,557,964
Dec 2,868,450
Percent of budget 82.98%
$‐
$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
Millions Fines & Forfeits
Budget
Actual
Last Year
Page 19 of 37
City of Renton
Monthly Revenue Analysis ‐ 2017 Budget Year
Other Taxes Budget
YTD
Actual
Annual %
over (under)
Jan 1,428,684 1,094,465 ‐23.39%
Feb 1,708,305 2,107,354 23.36%
Mar 1,968,404 2,310,521 17.38%
Apr 3,446,027 7,618,498 121.08%
May 3,713,922 5,718,954 53.99%
Jun 4,018,000 6,043,234 50.40%
Jul 5,456,111 7,806,041 43.07%
Aug 5,805,828 8,474,829 45.97%
Sep 6,075,201 8,858,512 45.81%
Oct 7,571,990 10,433,287 37.79%
Nov 7,846,056
Dec 8,155,026
Percent of budget 127.94%
Misc Budget
YTD
Actual
Annual %
over (under)
Jan 210,805 363,997 72.67%
Feb 326,751 512,986 57.00%
Mar 452,682 663,940 46.67%
Apr 561,029 852,826 52.01%
May 677,629 1,005,505 48.39%
Jun 836,913 1,184,657 41.55%
Jul 999,509 1,378,374 37.91%
Aug 1,160,096 1,576,951 35.93%
Sep 1,281,255 1,728,261 34.89%
Oct 1,409,706 1,884,473 33.68%
Nov 1,514,459
Dec 1,884,617
Percent of budget 99.99%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions Miscellaneous
Budget
Actual
Last Year
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
$10
$11
$12
$13
Millions Other Taxes
Budget
Actual
Last Year
Page 20 of 37
City of Renton
Monthly Revenue Analysis ‐ 2017 Budget Year
Other
Financing Budget
YTD
Actual
Annual %
over (under)
Jan 41,077 ‐ 0.00%
Feb 82,153 ‐ 0.00%
Mar 123,230 ‐ 0.00%
Apr 94,231 94,231 0.00%
May 94,231 94,231 0.00%
Jun 94,981 94,981 0.00%
Jul 97,726 97,726 0.00%
Aug 98,866 98,866 0.00%
Sep 102,541 102,541 0.00%
Oct 108,951 108,951 0.00%
Nov 451,842
Dec 492,919
Percent of budget 22.10%
REET Budget
YTD
Actual
Annual %
over (under)
Jan 708,703 1,028,456 45.12%
Feb 857,491 1,365,480 59.24%
Mar 1,062,002 2,074,348 95.32%
Apr 1,360,630 2,459,865 80.79%
May 1,722,197 2,845,952 65.25%
Jun 2,068,717 3,593,502 73.71%
Jul 2,566,642 4,184,639 63.04%
Aug 3,050,997 4,857,035 59.20%
Sep 3,452,940 5,490,839 59.02%
Oct 3,887,811 5,850,729 50.49%
Nov 4,154,162
Dec 4,420,000
Percent of budget 132.37%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50
$6.00
$6.50
Millions
Real Estate Excise Tax
Budget
Actual
Last Year
$0
$1
$1
$2
$2
$3
Mi
l
l
i
o
n
s
Other Financing Sources
Budget
Actual
Last Year
Page 21 of 37
City of Renton
Monthly Revenue Analysis ‐ 2017 Budget Year
Bldg Permits &
Devlpmt Svc
Fees Budget
YTD
Actual
Annual %
over (under)
Jan 481,500 399,548 ‐17.02%
Feb 861,115 676,844 ‐21.40%
Mar 1,301,962 1,180,134 ‐9.36%
Apr 1,786,635 1,445,882 ‐19.07%
May 2,096,984 2,004,656 ‐4.40%
Jun 2,795,383 2,616,096 ‐6.41%
Jul 3,487,109 2,880,611 ‐17.39%
Aug 3,925,839 3,313,654 ‐15.59%
Sep 4,424,411 3,759,217 ‐15.03%
Oct 4,902,760 4,097,515 ‐16.42%
Nov 5,262,700
Dec 5,735,368
Percent of budget 71.44%
B & O Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,360,000 432,319 ‐68.21%
Feb 1,530,000 1,226,412 ‐19.84%
Mar 1,700,000 1,239,641 ‐27.08%
Apr 3,060,000 5,866,521 91.72%
May 3,230,000 6,183,312 91.43%
Jun 3,400,000 6,206,803 82.55%
Jul 4,760,000 7,345,843 54.32%
Aug 4,930,000 7,745,219 57.10%
Sep 5,100,000 7,915,010 55.20%
Oct 6,460,000 8,896,427 37.72%
Nov 6,630,000
Dec 6,800,000
Percent of budget 130.83%
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
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
$6.50
$7.00
$7.50
$8.00
$8.50
$9.00
$9.50
Millions Business & Occupation Tax
Budget
Actual
Last Year
Page 22 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2017 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 6,931,165 6,595,136 ‐4.85%
Feb 13,884,767 13,388,134 ‐3.58%
Mar 21,407,072 20,198,065 ‐5.65%
Apr 28,355,661 27,006,711 ‐4.76%
May 35,705,375 34,253,900 ‐4.07%
Jun 43,499,098 41,552,555 ‐4.47%
Jul 51,683,896 49,694,920 ‐3.85%
Aug 59,631,359 57,216,081 ‐4.05%
Sep 67,268,701 64,564,463 ‐4.02%
Oct 74,943,635 71,278,851 ‐4.89%
Nov 98,765,620
Dec 109,310,963
Percent of budget expended 65.21%
Legislative Budget
YTD
Actual
Annual %
over (under)
Jan 36,183 36,043 ‐0.39%
Feb 66,236 64,877 ‐2.05%
Mar 101,649 97,498 ‐4.08%
Apr 131,509 127,629 ‐2.95%
May 161,207 157,670 ‐2.19%
Jun 190,925 187,856 ‐1.61%
Jul 219,892 216,595 ‐1.50%
Aug 249,074 245,568 ‐1.41%
Sep 278,319 274,509 ‐1.37%
Oct 308,035 303,126 ‐1.59%
Nov 337,502
Dec 368,211
Percent of budget expended 82.32%
$‐
$20
$40
$60
$80
$100
$120
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 ‐ 2017 Budget Year
Executive Budget
YTD
Actual
Annual %
over (under)
Jan 211,773 211,310 ‐0.22%
Feb 354,764 350,285 ‐1.26%
Mar 535,758 490,536 ‐8.44%
Apr 678,464 632,403 ‐6.79%
May 820,176 793,626 ‐3.24%
Jun 980,311 963,928 ‐1.67%
Jul 1,122,714 1,110,100 ‐1.12%
Aug 1,283,513 1,290,543 0.55%
Sep 1,468,126 1,426,031 ‐2.87%
Oct 1,611,032 1,596,730 ‐0.89%
Nov 1,754,366
Dec 1,957,671
Percent of budget expended 81.56%
Emergency
Management Budget
YTD
Actual
Annual %
over (under)
Jan 63,184 35,052 ‐44.52%
Feb 104,484 75,996 ‐27.27%
Mar 156,084 120,198 ‐22.99%
Apr 197,331 171,474 ‐13.10%
May 238,910 219,758 ‐8.02%
Jun 287,314 267,919 ‐6.75%
Jul 329,069 314,737 ‐4.36%
Aug 399,866 370,942 ‐7.23%
Sep 448,780 424,170 ‐5.48%
Oct 492,637 473,196 ‐3.95%
Nov 535,475
Dec 609,249
Percent of budget expended 77.67%
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
$2.10
Millions Executive
Budget
Actual
Last Year
$‐
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
Emergency Management
Budget
Actual
Last Year
Page 24 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2017 Budget Year
City Attorney Budget
YTD
Actual
Annual %
over (under)
Jan 176,840 168,105 ‐4.94%
Feb 356,198 333,751 ‐6.30%
Mar 539,974 508,012 ‐5.92%
Apr 727,889 694,752 ‐4.55%
May 911,796 866,583 ‐4.96%
Jun 1,096,207 1,038,696 ‐5.25%
Jul 1,281,325 1,211,095 ‐5.48%
Aug 1,466,602 1,384,646 ‐5.59%
Sep 1,658,357 1,559,146 ‐5.98%
Oct 1,826,387 1,734,835 ‐5.01%
Nov 1,995,101
Dec 2,163,329
Percent of budget expended 80.19%
Court Services Budget
YTD
Actual
Annual %
over (under)
Jan 171,264 169,642 ‐0.95%
Feb 352,218 343,353 ‐2.52%
Mar 535,423 523,105 ‐2.30%
Apr 716,857 708,103 ‐1.22%
May 901,397 888,624 ‐1.42%
Jun 1,094,693 1,072,725 ‐2.01%
Jul 1,278,228 1,252,041 ‐2.05%
Aug 1,465,440 1,429,897 ‐2.43%
Sep 1,656,123 1,614,919 ‐2.49%
Oct 1,839,864 1,796,548 ‐2.35%
Nov 2,023,061
Dec 2,220,656
Percent of budget expended 80.90%
$‐
$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
$‐
$0.40
$0.80
$1.20
$1.60
$2.00
$2.40
Millions City Attorney
Budget
Actual
Last Year
Page 25 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2017 Budget Year
CED Admin Budget
YTD
Actual
Annual %
over (under)
Jan 104,691 109,731 4.81%
Feb 209,968 219,758 4.66%
Mar 315,244 329,786 4.61%
Apr 422,897 439,814 4.00%
May 531,643 549,841 3.42%
Jun 639,918 669,673 4.65%
Jul 803,016 781,490 ‐2.68%
Aug 909,108 893,461 ‐1.72%
Sep 1,015,431 1,005,432 ‐0.98%
Oct 1,121,287 1,116,598 ‐0.42%
Nov 1,226,753
Dec 1,337,991
Percent of budget expended 83.45%
Development
Services Budget
YTD
Actual
Annual %
over (under)
Jan 256,438 239,337 ‐6.67%
Feb 543,416 501,405 ‐7.73%
Mar 824,478 754,102 ‐8.54%
Apr 1,091,128 1,024,029 ‐6.15%
May 1,371,240 1,282,903 ‐6.44%
Jun 1,655,763 1,542,242 ‐6.86%
Jul 1,935,388 1,806,056 ‐6.68%
Aug 2,228,046 2,066,905 ‐7.23%
Sep 2,530,168 2,334,025 ‐7.75%
Oct 2,814,598 2,598,327 ‐7.68%
Nov 3,096,537
Dec 3,404,464
Percent of budget expended 76.32%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
Millions
Community & Economic
Development Admin
Budget
Actual
Last Year
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions
Development Services
Budget
Actual
Last Year
Page 26 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2017 Budget Year
Economic
Development Budget
YTD
Actual
Annual %
over (under)
Jan 83,438 46,869 ‐43.83%
Feb 206,294 98,329 ‐52.34%
Mar 302,231 140,672 ‐53.46%
Apr 461,251 190,278 ‐58.75%
May 571,759 342,370 ‐40.12%
Jun 704,281 435,487 ‐38.17%
Jul 838,401 490,157 ‐41.54%
Aug 943,120 580,426 ‐38.46%
Sep 1,040,877 702,684 ‐32.49%
Oct 1,220,664 754,788 ‐38.17%
Nov 1,357,464
Dec 1,486,165
Percent of budget expended 50.79%
Planning Budget
YTD
Actual
Annual %
over (under)
Jan 243,257 221,112 ‐9.10%
Feb 490,299 449,900 ‐8.24%
Mar 754,718 681,350 ‐9.72%
Apr 1,014,473 906,510 ‐10.64%
May 1,315,458 1,134,729 ‐13.74%
Jun 1,605,503 1,353,531 ‐15.69%
Jul 1,871,101 1,570,361 ‐16.07%
Aug 2,140,077 1,787,262 ‐16.49%
Sep 2,429,086 1,999,301 ‐17.69%
Oct 2,705,736 2,215,869 ‐18.10%
Nov 2,959,083
Dec 3,222,077
Percent of budget expended 68.77%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
Millions
Economic Development
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 ‐ 2017 Budget Year
Finance Budget
YTD
Actual
Annual %
over (under)
Jan 213,401 197,230 ‐7.58%
Feb 427,010 425,531 ‐0.35%
Mar 638,330 630,778 ‐1.18%
Apr 854,316 856,650 0.27%
May 1,084,697 1,073,519 ‐1.03%
Jun 1,405,442 1,301,674 ‐7.38%
Jul 1,620,542 1,565,684 ‐3.39%
Aug 1,988,845 1,817,314 ‐8.62%
Sep 2,222,013 2,031,969 ‐8.55%
Oct 2,454,488 2,272,237 ‐7.43%
Nov 2,672,475
Dec 3,362,369
Percent of budget expended 67.58%
City Clerk Budget
YTD
Actual
Annual %
over (under)
Jan 78,434 62,018 ‐20.93%
Feb 189,186 322,088 70.25%
Mar 278,847 387,366 38.92%
Apr 369,230 459,577 24.47%
May 460,538 533,887 15.93%
Jun 552,158 606,380 9.82%
Jul 646,835 680,117 5.15%
Aug 816,873 751,477 ‐8.01%
Sep 832,467 825,121 ‐0.88%
Oct 948,567 896,304 ‐5.51%
Nov 1,045,159
Dec 1,239,455
Percent of budget expended 72.31%
Includes Hearing Examiner
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
Millions City Clerk
Budget
Actual
Last Year
$‐
$0.40
$0.80
$1.20
$1.60
$2.00
$2.40
$2.80
$3.20
$3.60
Millions Finance
Budget
Actual
Last Year
Page 28 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2017 Budget Year
Human
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 89,142 87,874 ‐1.42%
Feb 195,491 175,377 ‐10.29%
Mar 317,705 273,335 ‐13.97%
Apr 435,958 395,728 ‐9.23%
May 545,888 492,849 ‐9.72%
Jun 654,767 592,817 ‐9.46%
Jul 763,876 699,070 ‐8.48%
Aug 881,606 800,394 ‐9.21%
Sep 989,949 905,158 ‐8.57%
Oct 1,112,832 1,017,040 ‐8.61%
Nov 1,220,753
Dec 1,359,317
Percent of budget expended 74.82%
Police Budget
YTD
Actual
Annual %
over (under)
Jan 3,021,473 2,964,875 ‐1.87%
Feb 5,729,432 5,600,968 ‐2.24%
Mar 8,949,044 8,701,186 ‐2.77%
Apr 11,689,480 11,416,735 ‐2.33%
May 14,782,952 14,450,621 ‐2.25%
Jun 17,628,538 17,182,081 ‐2.53%
Jul 20,813,284 20,754,850 ‐0.28%
Aug 23,600,260 23,624,806 0.10%
Sep 26,775,700 26,747,506 ‐0.11%
Oct 29,622,451 29,482,171 ‐0.47%
Nov 32,675,468
Dec 36,130,337
Percent of budget expended 81.60%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
Millions Human Resources
Budget
Actual
Last Year
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
$36
Millions Police
Budget
Actual
Last Year
Page 29 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2017 Budget Year
Community
Services Admin Budget
YTD
Actual
Annual %
over (under)
Jan 43,313 44,101 1.82%
Feb 91,333 84,711 ‐7.25%
Mar 132,122 128,246 ‐2.93%
Apr 170,865 168,961 ‐1.11%
May 208,694 214,954 3.00%
Jun 243,941 254,219 4.21%
Jul 283,798 294,560 3.79%
Aug 323,291 336,379 4.05%
Sep 362,917 375,461 3.46%
Oct 402,012 415,405 3.33%
Nov 441,115
Dec 505,154
Percent of budget expended 82.23%
Parks Budget
YTD
Actual
Annual %
over (under)
Jan 347,594 309,997 ‐10.82%
Feb 721,741 630,236 ‐12.68%
Mar 1,115,607 989,660 ‐11.29%
Apr 1,515,120 1,374,644 ‐9.27%
May 1,916,439 1,753,298 ‐8.51%
Jun 2,361,763 2,138,544 ‐9.45%
Jul 2,879,343 2,568,387 ‐10.80%
Aug 3,372,507 3,023,118 ‐10.36%
Sep 3,882,283 3,513,533 ‐9.50%
Oct 4,333,779 3,918,443 ‐9.58%
Nov 4,732,770
Dec 5,179,955
Percent of budget expended 75.65%
$‐
$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
Community Services Admin
Budget
Actual
Last Year
Page 30 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2017 Budget Year
Parks Planning
and Natural
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 66,837 53,458 ‐20.02%
Feb 142,043 140,186 ‐1.31%
Mar 228,381 204,477 ‐10.47%
Apr 302,923 289,729 ‐4.36%
May 421,513 369,879 ‐12.25%
Jun 529,092 461,775 ‐12.72%
Jul 634,663 554,297 ‐12.66%
Aug 755,297 667,579 ‐11.61%
Sep 880,231 758,713 ‐13.81%
Oct 1,004,912 841,880 ‐16.22%
Nov 1,117,820
Dec 1,271,569
Percent of budget expended 66.21%
Recreation Budget
YTD
Actual
Annual %
over (under)
Jan 374,992 347,558 ‐7.32%
Feb 776,210 729,951 ‐5.96%
Mar 1,193,255 1,120,569 ‐6.09%
Apr 1,619,630 1,523,454 ‐5.94%
May 2,041,706 1,886,814 ‐7.59%
Jun 2,504,626 2,298,110 ‐8.25%
Jul 3,176,750 2,894,508 ‐8.88%
Aug 3,870,674 3,510,278 ‐9.31%
Sep 4,434,425 4,067,733 ‐8.27%
Oct 4,852,298 4,466,281 ‐7.96%
Nov 5,270,092
Dec 5,714,855
Percent of budget expended 78.15%
$‐
$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
$6.00
$6.50
Millions Recreation
Budget
Actual
Last Year
Page 31 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2017 Budget Year
Human
Services Budget
YTD
Actual
Annual %
over (under)
Jan 90,198 98,615 9.33%
Feb 218,596 170,784 ‐21.87%
Mar 367,679 256,318 ‐30.29%
Apr 568,916 333,897 ‐41.31%
May 668,464 513,338 ‐23.21%
Jun 759,874 584,702 ‐23.05%
Jul 916,875 754,865 ‐17.67%
Aug 1,053,440 879,654 ‐16.50%
Sep 1,149,761 940,189 ‐18.23%
Oct 1,374,407 1,125,006 ‐18.15%
Nov 1,483,426
Dec 1,741,056
Percent of budget expended 64.62%
Neighborhoods
, Resources,
and Events Budget
YTD
Actual
Annual %
over (under)
Jan 82,975 60,703 ‐26.84%
Feb 185,874 125,601 ‐32.43%
Mar 276,230 198,834 ‐28.02%
Apr 353,352 266,753 ‐24.51%
May 443,151 337,861 ‐23.76%
Jun 533,990 414,589 ‐22.36%
Jul 673,990 526,036 ‐21.95%
Aug 786,830 631,442 ‐19.75%
Sep 890,249 727,920 ‐18.23%
Oct 985,557 804,485 ‐18.37%
Nov 1,071,844
Dec 1,225,894
Percent of budget expended 65.62%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
Millions Human Services
Budget
Actual
Last Year
$‐
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
Neighborhoods, Resources, and Events
Budget
Actual
Last Year
Page 32 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2017 Budget Year
Museum Fund Budget
YTD
Actual
Annual %
over (under)
Jan 19,490 19,400 ‐0.46%
Feb 38,851 39,555 1.81%
Mar 57,801 59,213 2.44%
Apr 77,036 79,223 2.84%
May 96,758 97,324 0.59%
Jun 116,580 115,602 ‐0.84%
Jul 136,413 135,354 ‐0.78%
Aug 156,373 155,172 ‐0.77%
Sep 176,366 175,375 ‐0.56%
Oct 196,623 195,468 ‐0.59%
Nov 216,498
Dec 236,275
Percent of budget expended 82.73%
Public Works
Admin Budget
YTD
Actual
Annual %
over (under)
Jan 33,358 33,498 0.42%
Feb 68,245 67,352 ‐1.31%
Mar 102,054 101,914 ‐0.14%
Apr 135,775 135,878 0.08%
May 169,617 169,665 0.03%
Jun 203,557 203,650 0.05%
Jul 237,559 237,592 0.01%
Aug 272,046 271,835 ‐0.08%
Sep 306,358 306,988 0.21%
Oct 339,748 340,310 0.17%
Nov 373,069
Dec 406,398
Percent of budget expended 83.74%
$‐
$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
Museum Fund
Budget
Actual
Last Year
Page 33 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2017 Budget Year
Street
Maintenance Budget
YTD
Actual
Annual %
over (under)
Jan 439,569 408,757 ‐7.01%
Feb 886,721 920,483 3.81%
Mar 1,366,996 1,383,891 1.24%
Apr 1,835,020 1,913,150 4.26%
May 2,295,588 2,408,369 4.91%
Jun 2,759,772 2,877,748 4.27%
Jul 3,256,692 3,319,755 1.94%
Aug 3,742,444 3,780,074 1.01%
Sep 4,214,166 4,250,178 0.85%
Oct 4,682,566 4,698,648 0.34%
Nov 5,131,438
Dec 5,636,437
Percent of budget expended 83.36%
Transportation Budget
YTD
Actual
Annual %
over (under)
Jan 340,428 326,959 ‐3.96%
Feb 706,499 694,002 ‐1.77%
Mar 1,247,152 1,046,712 ‐16.07%
Apr 1,619,928 1,531,026 ‐5.49%
May 2,095,850 2,065,482 ‐1.45%
Jun 2,513,261 2,511,785 ‐0.06%
Jul 2,960,840 2,953,908 ‐0.23%
Aug 3,404,337 3,395,218 ‐0.27%
Sep 3,854,060 3,825,910 ‐0.73%
Oct 4,693,977 4,215,981 ‐10.18%
Nov 5,071,355
Dec 5,669,897
Percent of budget expended 74.36%
$‐
$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
Millions Transportation
Budget
Actual
Last Year
Page 34 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2017 Budget Year
Debt Service Budget
YTD
Actual
Annual %
over (under)
Jan 41,377 41,377 0.00%
Feb 291,694 291,694 0.00%
Mar 293,691 293,691 0.00%
Apr 293,691 293,691 0.00%
May 293,691 293,691 0.00%
Jun 859,786 859,786 0.00%
Jul 1,111,163 1,111,163 0.00%
Aug 1,361,480 1,361,480 0.00%
Sep 1,361,480 1,361,480 0.00%
Oct 1,361,480 1,361,480 0.00%
Nov 5,561,077
Dec 6,066,629
Percent of budget expended 22.44%
Non‐
Departmental
Other City Budget
YTD
Actual
Annual %
over (under)
Jan 301,517 301,517 0.00%
Feb 531,962 531,962 0.00%
Mar 776,618 776,618 0.00%
Apr 1,072,621 1,072,621 0.00%
May 1,356,243 1,356,243 0.00%
Jun 1,617,036 1,617,036 0.00%
Jul 1,892,140 1,892,140 0.00%
Aug 2,160,209 2,160,209 0.00%
Sep 2,411,010 2,411,010 0.00%
Oct 2,637,698 2,637,698 0.00%
Nov 15,395,922
Dec 16,795,551
Percent of budget expended 15.70%
$‐
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
Millions Non‐Departmental Other City Services
Budget
Actual
Last Year
$‐
$1
$2
$3
$4
$5
$6
$7
Millions Debt Service
Budget
Actual
Last Year
Page 35 of 37
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2017 Budget Year
Utilities Budget Revenue Expense
Jan 4,298,667 6,899,538 3,629,075
Feb 10,508,877 13,370,807 7,900,322
Mar 16,710,823 19,032,931 12,269,408
Apr 22,821,669 24,791,562 19,152,344
May 29,106,807 31,698,603 24,885,271
Jun 38,399,372 38,440,101 31,089,893
Jul 45,231,872 45,643,871 38,955,538
Aug 57,821,285 53,462,764 45,109,789
Sep 69,401,520 67,860,074 55,682,855
Oct 91,243,653 74,684,009 60,779,840
Nov 98,243,043
Dec 112,221,201
Percent of budget expended 39.82%
Note: Operations and Capital
Airport Budget Revenue Expense
Jan 288,895 255,451 164,122
Feb 697,977 475,859 305,251
Mar 1,160,641 696,609 405,972
Apr 1,606,298 933,649 560,448
May 1,968,738 1,172,554 700,195
Jun 2,393,975 1,404,923 836,327
Jul 2,822,454 1,639,436 1,063,741
Aug 3,228,920 1,881,075 1,197,935
Sep 3,781,625 2,105,294 1,387,856
Oct 4,374,658 2,362,338 1,521,287
Nov 4,712,186
Dec 5,688,023
Percent of budget expended 26.75%
Note: Operations and Capital
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
$120
Millions Utilities
Budget
Revenue
Expense
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
Millions Airport
Budget
Revenue
Expense
Page 36 of 37
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2017 Budget Year
Golf Course Budget Revenue Expense
Jan 137,464 60,345 141,202
Feb 293,683 133,495 325,022
Mar 489,627 226,967 523,715
Apr 658,337 415,629 739,488
May 838,487 699,291 933,160
Jun 1,035,356 975,459 1,181,928
Jul 1,262,542 1,367,250 1,387,578
Aug 1,469,281 1,669,761 1,625,803
Sep 1,655,432 1,909,731 1,845,472
Oct 1,851,777 1,984,668 2,030,657
Nov 2,026,038
Dec 2,630,288
Percent of budget expended 77.20%
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