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HomeMy WebLinkAbout201802, February h:\finance\financial reporting\monthly reports\2018 reports\cover 0218.docx  ADMINISTRATIVE SERVICES    M   E   M   O   R   A   N   D   U   M       DATE: April 3, 2018    TO: Ed Prince, 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: February 2018 Financial Status Report       At the end of February, general governmental revenues show $1.9M or 13.1% over  budget.  Revenue source(s) that are higher than expected are: sales tax ($465K); sales tax  annexation credit ($243K); utility taxes ($127K); gambling taxes ($151K); business &  occupation taxes ($907K); business license ($282K); and public safety ($172K).  On the  down side, the revenue source(s) that are underperforming the year to date budget are:  building permits & development service fees ($341K below) and fines/penalties ($141K  below).    General government expenditures showed a favorable variance of $347K or 2.4%.  See  page 10 of report for further expenditure over‐spent/savings 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.        Ed Prince, Council President  Members of Renton City Council  Page 2 of 2  April 3, 2018    h:\finance\financial reporting\monthly reports\2018 reports\cover 0218.docx  This page is intentionally left blank      General Governmental Funds $% Beginning Fund Balance 19,962,845$     19,962,845$  26,563,785$       26,563,785$  20,936,323$    20,936,323$ 33,284,838$   12,348,515     59.0% OPERATING REVENUES Property Tax 37,038,480        359,864            24,356,562          250,761             19,397,308       192,923            93,620                (99,303)               ‐51.5% Sales  Tax 26,353,246        4,299,027        26,331,634          4,566,536        26,683,440       4,591,999       5,056,993         464,994            10.1% Sales Tax ‐ Annexation Credit 3,114,762           508,330            3,123,230             540,877             2,120,300          356,626            600,038             243,412            68.3% Criminal Justice Sa les  Tax 2,701,787           474,407            2,808,564             483,778             2,782,404          483,827            528,481             44,653               9.2% Natural Gas  Use  Tax 184,638                47,577               180,456                  38,784                228,000               49,002               32,007                (16,995)              ‐34.7% Admission Tax 262,506                77,752               223,157                  63,529                320,000               93,089               58,071                (35,019)              ‐37.6% Franchise  Fees 1,406,092           348,118            1,562,100             387,170             1,330,000          329,471            388,058             58,587               17.8% Electricity Tax 5,440,139           1,091,698        5,721,366             1,119,319        5,476,959          1,084,948       751,918             (333,029)           ‐30.7% Natural Ga s  Utility Tax 1,327,937           388,344            1,630,375             474,022             1,350,900          393,796            761,135             367,340            93.3% Garbage/Solid Waste 717,148                101,043            627,254                  96,335                680,000               99,834               112,897             13,063               13.1% TV Cable 1,619,364           235,742            1,651,405             240,964             1,662,115          242,249            233,140             (9,109)                  ‐3.8% Telephone 859,868                173,049            866,519                  161,207             729,131               141,171            127,651             (13,520)              ‐9.6% Cellular Phone 1,541,204           313,355            1,481,298             298,767             1,536,267          311,127            200,307             (110,820)           ‐35.6% City Utilities 4,206,473           645,273            4,840,530             629,913             4,000,752          563,911            794,302             230,391            40.9% Utility Tax Audit 111,227                111,227            ‐                              ‐                         ‐                           ‐                        ‐                         ‐                        0.0% Leasehold Excise  Tax 173,769                713                       173,396                  9,086                   179,000               5,053                  8,262                   3,209                  63.5% Gambling Excise  Tax 2,500,604           397,710            2,695,368             421,158             2,000,000          315,193            466,214             151,020            47.9% Real Estate Excise  Tax 6,121,830           1,401,806        7,211,736             1,365,480        4,420,000          996,074            1,206,327         210,253            21.1% Less: CIP REET (2,707,676)          (700,903)           (6,461,736)            (1,365,480)       (4,420,000)         (996,074)          (1,206,327)       (210,253)           21.1% EMS Levy 479,597                ‐                        ‐                              ‐                         ‐                           ‐                        ‐                         ‐                        0.0% B&O Taxes 6,375,322           ‐                        9,633,034             1,226,412        7,636,000          1,718,100       2,315,204         597,104            34.8% Less: CIP B&O Taxes (2,000,000)          ‐                        (2,473,974)            ‐                         (1,379,314)         (310,346)          ‐                         310,346            ‐100.0% Business  License Fees 1,926,510           834,953            1,480,730             386,774             1,311,894          435,254            783,400             348,146            80.0% Less: CIP Business  License Fees (1,587,627)          (691,410)           (614,796)                (220,070)           (623,186)             (257,908)          (324,542)            (66,635)              25.8% Animal  Licenses and Spec Events  Permits 102,905                14,955               140,391                  15,680                94,174                  15,209               25,989                10,780               70.9% Building Permits & Development Svc Fees 5,293,563           1,074,783        4,907,983             676,844             5,451,699          936,369            595,371             (340,997)            ‐36.4% Intergovt'l (Grants, State Shared, etc) 3,998,953           584,560            4,285,806             538,686             3,735,614          532,507            534,397             1,889                  0.4% Fire  District 25 and 40 Contracts 3,517,779           164,356            341,939                  170,969             357,660               178,830            178,830             ‐                        0.0% Public Safety 994,179                204,268            837,728                  133,129             617,635               113,755            285,821             172,066            151.3% Culture and Recreation 1,632,903           211,793            1,722,323             190,802             1,755,923          210,694            190,083             (20,611)              ‐9.8% Interfund/Interdept‐Services 3,377,663           559,590            3,916,334             650,626             4,361,086          726,848            686,144             (40,704)              ‐5.6% Fines  and Penalties 901,592                55,802               822,450                  72,761                830,082               61,561               74,998                13,436               21.8% Photo Enforcement 1,959,071           298,285            2,124,399             279,252             3,151,072          445,665            291,441             (154,224)            ‐34.6% Seizure  Funds ‐ Federal/State/Local 987,293                661,152            176,503                  101,790              ‐                           ‐                        16,733                16,733               100.0% Interests and Other  Earnings 1,058,880           108,296            1,155,371             124,243             875,300               91,923               157,830             65,907               71.7% Rents, Leases, and Concessions 642,192                175,867            634,897                  175,373             623,195               171,398            181,351             9,952                  5.8% Contributions and Donations 96,582                   22,075               177,919                  23,095                70,000                  11,519               5                              (11,514)               ‐100.0% Other Miscellaneous 956,131                162,099            954,680                  144,348             702,998               102,924            129,254             26,331               25.6% Other Financing Sources  (Transfer ‐In, etc) 2,129,561            ‐                        283,213                  ‐                         142,975               13,000               13,000                ‐                        0.0% Total  Operating Revenues 125,816,444     14,715,559     109,530,146       14,472,917     100,191,383    14,451,521    16,348,402      1,896,881        13.1% OPERATING  EXPENDITURES Council 358,550                64,182               362,101                  64,877                374,666               67,098               68,247                (1,149)                 ‐1.7% Executive 1,778,206           322,242            1,954,748             350,285             1,977,556          356,276            370,213             (13,938)              ‐3.9% Emergency Management*370,832                49,871               569,333                  75,996                606,070               81,139               92,381                (11,243)               ‐13.9% City Attorney 1,983,834           326,649            2,088,718             333,751             2,251,312          365,070            359,168             5,902                  1.6% Court Services 2,075,763           335,163            2,174,217             343,353             2,250,644          359,319            371,810             (12,492)              ‐3.5% Community and Eco  Dvlpmnt Admin 1,161,330           190,655            1,351,830             219,758             1,339,679          218,777            223,634             (4,856)                 ‐2.2% Development Services 2,859,410           448,710            3,023,728             501,405             3,451,529          557,415            474,218             83,198               14.9% Economic Development 1,004,411           108,276            949,467                  98,329                1,122,610          118,706            142,952             (24,246)               ‐20.4% Planning 2,716,214           411,848            2,815,148             449,900             3,473,927          541,213            479,452             61,761               11.4% Finance 3,046,824           434,053            3,132,609             425,531             3,628,725          504,770            446,774             57,996               11.5% City Clerk 914,251                168,845            1,119,376             322,088             1,250,565          301,896            154,002             147,894            49.0% Human Resources 1,193,016           185,388            1,221,841             175,377             1,370,877          204,801            196,272             8,528                  4.2% Police 28,891,879        4,565,715        30,987,047          4,799,880        32,949,811       5,153,643       5,118,038         35,605               0.7% Jail Services 4,704,978           784,030            4,807,443             801,089             5,968,750          994,735            994,735             ‐                        0.0% Fire*25,349,755        5,249,651        ‐                              ‐                         ‐                           ‐                        ‐                         ‐                        0.0% Community Services  Admin 585,983                113,335            554,951                  84,711                523,015               90,786               85,085                5,702                  6.3% Parks 4,449,938           616,187            4,818,629             630,236             5,221,400          702,514            654,819             47,695               6.8% Parks Planning & Natural Resources 952,980                103,226            1,059,058             140,186             1,266,373          153,203            124,297             28,905               18.9% Recreation 5,544,516           790,421            5,799,202             812,123             6,256,963          860,914            861,285             (371)                     0.0% Human Services 1,241,169           213,832            1,634,387             170,784             1,311,570          175,427            184,247             (8,820)                  ‐5.0% Neighborhoods, Resources, & Events 412,449                51,310               461,400                  43,429                244,955               35,769               45,137                (9,367)                  ‐26.2% Museum 229,543                37,570               235,712                  39,555                241,246               39,991               40,634                (643)                      ‐1.6% Public Works Admin 398,796                67,230               406,781                  67,352                417,024               69,669               69,361                308                       0.4% Street Maintenance 5,041,509           805,426            5,603,141             920,483             5,587,710          905,984            859,296             46,688               5.2% Transportation 5,966,281           720,619            5,368,887             694,002             5,791,047          722,719            818,473             (95,754)               ‐13.2% Debt Service 6,099,166           295,075            6,063,576             291,694             5,703,244          288,313            288,313              ‐                        0.0% Non‐Departmental and Other 9,883,923           566,783            14,245,763          531,962             3,720,864          560,003            560,003              ‐                        0.0% Total  Operating Expenditures 119,215,504     18,026,295     102,809,093       13,388,134     98,302,133       14,430,151    14,082,847      347,304            2.4% Total  Ending Fund Balance 26,563,785$     16,652,109$  33,284,838$       27,648,568$  22,825,573$    20,957,693$ 35,550,393$   14,592,699$  69.6% *Emergency Management  was moved to Executive  due to formation of RRFA Favorable  (Unfavorable) 2016 2017 2018 Variance Annual Actual YTD Actual Annual Budget YTD Budget YTD ActualSummary of Sources and  Uses Annual Actual YTD Actual   Monthly Financial Report February 2018 Page 1 of 37 Monthly Financial Report February 2018      OVERVIEW  This financial overview reflects the City’s overall financial position for the fiscal year through February 28, 2018.  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 73% of  all resources supporting general governmental activities.   The following section provides detail information on property,  sales, utility, and other taxes.    Property Tax  February’s collection is $106K.   The negative amount for January  is due to the timing of recording  January’s receipts in February.   February’s activity corrected the  negative January balance.  The  total year‐to‐date collection of  $94K is $157K or 63% less than  the prior year and is also $99K or  51% less than the year‐to‐date  budget.                Sales Tax  February 2018 sales tax receipts  totaled $2.8M.  Compared with  the same month last year, it is  $365K or 15% more.  Compared  to the projected current month’s  budget, it is $344K or 14% above.   The year‐to‐date collection of  $5.1M is $490K or 11% more than  the prior year and is also $465K  or 10% more than budgeted.   New Construction and Service  are the sectors that are collecting  more than anticipated.  2018’s  monthly budgets are generally  based on 2013 through 2017  collections.  2017 2018 2018 Actual Budget Actual $ % $ % Jan 55,429$            31,649$            (12,745)$           (68,174)$            ‐123% (44,394)$            ‐140% Feb 195,332            161,273            106,364            (88,967)               ‐46% (54,909)               ‐34% Mar 902,965            687,696             Apr 7,035,332        4,704,879         May 4,489,476        4,548,312         Jun 128,834            84,239                Jul 69,600               40,053                Aug 101,349            108,016             Sep 442,694            316,388             Oct 4,057,893        3,251,619         Nov 6,733,813        5,371,847         Dec 143,844            91,336                YTD Total 250,761$         192,923$         93,620$            (157,141)$        ‐63% (99,303)$            ‐51% Annual  Total 24,356,562$  19,397,308$   Property Tax  Revenues Year to Da te through February 2018 vs. 2017 2018 vs. Budget Month 2017 2018 2018 Actual Budget Actual $ % $ % Jan 2,092,821$     2,096,932$     2,217,949$     125,128$         6% 121,017$         6% Feb 2,473,715        2,495,067        2,839,044        365,329            15% 343,977            14% Mar 1,945,278        1,990,954         ‐                         Apr 1,871,345        1,956,740        ‐                         May 2,381,981        2,327,614        ‐                         Jun 2,075,555        2,050,822        ‐                         Jul 2,236,477        2,140,543        ‐                         Aug 2,421,720        2,378,153        ‐                         Sep 2,162,766        2,236,561        ‐                         Oct 2,273,788        2,332,820        ‐                         Nov 2,347,924        2,426,685        ‐                         Dec 2,048,264        2,250,548        ‐                         YTD Total 4,566,536$     4,591,999$     5,056,993$     490,457$         11% 464,994$         10% Annual  Total 26,331,634$  26,683,440$   2018 vs. Budget2018 vs. 2017 Month Year  to Date through February Local Retail Sales  Tax  Revenues Page 2 of 37 Monthly Financial Report February 2018      The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business  sectors:                      Utility tax   February utility tax revenues are  $1.6M, which is $257K or 19%  higher than the same month last  year and is also higher than the  budget by $205K or 14%.  The  year‐to‐date collection is $3M,  which is $46k or 2% lower than  the prior year but is $127K or 4%  higher than the budget.  The  large January variance with the  budget is due to the timing of  when 2018 Cell/Phone/Garbage  taxes were recorded.  The  monthly budgets are based on  2016/2017 activity.        The table below breaks out Utility Tax by source.  The large variance with electrical and natural gas is due to an error in  recording these revenues.  It will be corrected in March.          Sales  Tax  by Sector 2017 2018 Bgt YTD Act Change  2018/2017 2018 Act  vs  Bgt New Construction 719,531$         593,716$         734,464$         14,933$             2% $        140,749 24% Auto Sales 832,969            824,262            883,610            50,642                6%               59,348 7% General Retail 1,437,641        1,487,998        1,489,139        51,498                4%                  1,140 0% Manufacturing 239,714            337,385            364,849            125,135             52%               27,464 8% Wholesale 244,529            225,609            255,399            10,870                4%               29,790 13% Service 981,950            1,003,826        1,218,266        236,316             24%            214,440 21% Other 110,202            119,202            111,265            1,063                   1%                (7,937)‐7% YTD  Total 4,566,536$     4,591,999$     5,056,993$     490,457$          11%464,994$        10% Note: Excludes Annexation Credit and Criminal Justice Sales  Tax  revenue. 2017 2018 2018 Actual Budget Actual $ % $ % Jan 1,698,721$     1,472,870$     1,395,386$     (303,335)$         ‐18% (77,484)$            ‐5% Feb 1,360,589        1,413,168        1,617,972        257,383            19% 204,804            14% Mar 1,197,548        1,249,534         Apr 1,797,449        1,493,002         May 1,464,438        1,341,860         Jun 1,351,607        1,173,122         Jul 1,538,390        1,342,347         Aug 1,185,237        1,155,083         Sep 1,261,199        1,224,457         Oct 1,428,438        1,322,247         Nov 1,267,897        1,143,031         Dec 1,447,690        1,333,404         YTD  Total 3,059,310$     2,886,038$     3,013,358$     (45,952)$            ‐2% 127,321$         4% Annual  Total 16,999,203$  15,664,124$   2018 vs. Budget2018 vs . 2017 Year to Date through February Utility Tax  Revenues Month Utility Tax  by Type 2017 2018 Bgt YTD Act Change  2018/2017  2018 Act  vs Bgt  Electrical 1,119,319$     1,084,948$     751,918$         (367,400)$         ‐33% $      (333,029)‐31% Natural Gas 512,806            442,798            793,143            280,336             55%            350,345 79% Cell 298,767            311,127            200,307            (98,460)               ‐33%          (110,820)‐36% Phone 161,207            141,171            127,651            (33,555)               ‐21%             (13,520)‐10% Cable 240,964            242,249            233,140            (7,824)                  ‐3%                (9,109)‐4% Garbage/Solid Waste 96,335               99,834               112,897            16,563                17%               13,063 13% City Utilities 629,913            563,911            794,302            164,389             26%            230,391 41% Utility Tax  Audit ‐                               ‐                               ‐                               ‐                               N/A                               ‐ N/A YTD  Total 3,059,310$     2,886,038$     3,013,358$     (45,952)$           ‐2%127,321$        4% Annual Total 16,999,203$  15,664,124$   YTD  as % of 18% 18% Page 3 of 37 Monthly Financial Report February 2018      Other Taxes     Real Estate Excise Tax  The City collected $366K in Real  Estate Excise Tax revenues (REET)  for February.  This is $29K or 9%  more than the same month last  year and is also $156K or 74%  more than the current month’s  budget.  The year‐to‐date  collection is $1.2M, which is  $159K or 12% less than the prior  year but is $210K or 21% above  the budget.  The higher than  expected variance is due to 10  large transactions in December  and January which accounts for  $708K of the total REET collected.      Gambling Tax  February’s Gambling Tax  collections totaled $255K, which  is $55K or 27% above the same  month last year and is also above  the current month’s budget by  $98K or 62%.  The year‐to‐date  total of $466K is $45K or 11%  above the prior year and is also  $151K or 48% above budget.                  Franchise Fees  Franchise Fees are due quarterly  in January, April, July, and  October.  The year‐to‐date total  of $388K is right on target with  the prior year but is $59K or 18%  above the projected year‐to‐date  budget.  2017 2018 2018 Actual Budget Actual $ % $ % Jan 220,536$         157,924$         210,929$         (9,607)$               ‐4% 53,004$            34% Feb 200,622            157,269            255,285            54,663               27% 98,016               62% Mar 180,839            144,763             ‐                         Apr 219,422            160,397            ‐                         May 248,673            172,020            ‐                         Jun 232,889            160,867            ‐                         Jul 230,342            163,457            ‐                         Aug 216,990            207,784            ‐                         Sep 205,141            156,872            ‐                         Oct 215,122            176,050            ‐                         Nov 259,744            170,551            ‐                         Dec 265,048            172,045            ‐                         YTD  Total 421,158$         315,193$         466,214$         45,056$            11% 151,020$         48% Annual  Total 2,695,368$     2,000,000$      2018 vs. 2017 Gambling Tax  Revenue Month Year to Date through February 2018 vs. Budget 2017 2018 2018 Actual Budget Actual $ % $ % Jan 380,870$         326,648$         371,458$         (9,411)$               ‐2% 44,810$            14% Feb 6,300                  2,823                  16,600               10,300               163% 13,777               488% Mar 9,100                  4,078                  ‐                         Apr 369,626            324,886            ‐                         May 7,688                  3,445                  ‐                         Jun 21,325               9,555                  ‐                         Jul 342,363            307,508            ‐                         Aug 7,700                  3,450                  ‐                         Sep 8,750                  6,161                  ‐                         Oct 375,128            324,373            ‐                         Nov 10,500               4,705                  ‐                         Dec 22,750               12,367               ‐                         YTD  Total 387,170$         329,471$         388,058$         889$                    0% 58,587$            18% Annual  Total 1,562,100$     1,330,000$      Franchise Fees  Revenue Year to Date through February Month 2018 vs. 2017 2018 vs. Budget 2017 2018 2018 Actual Budget Actual $ % $ % Jan 1,028,456$     786,056$         840,316$         (188,139)$         ‐18% 54,260$            7% Feb 337,024            210,018            366,011            28,987               9% 155,993            74% Mar 708,868            391,942             Apr 385,517            266,812             May 386,087            300,651             Jun 747,549            458,002             Jul 591,137            440,175             Aug 672,396            507,194             Sep 633,804            431,443             Oct 359,891            308,343             Nov 775,249            398,534             Dec 585,757            (79,171)               YTD  Total 1,365,480$     996,074$         1,206,327$     (159,153)$         ‐12% 210,253$         21% Annual  Total 7,211,736$     4,420,000$      *Total REET (GF & CIP) Month 2018 vs. Budget2018 vs. 2017 Real Estate Excise  Tax  (REET) Revenues* Year to Date through February Page 4 of 37 Monthly Financial Report February 2018      Admission Tax   Admission Tax returns are due  quarterly in January, April, July,  and October of each year.   January 2018 collections  represent activities conducted  during the 4th quarter of 2017.   The year‐to‐date collection of  $58K is $5K or 9% less than the  prior year and is also $35K or 38%  less than the budget.              Business & Occupation Tax  Businesses with gross receipts of  $500K or more per year, earned  within the City of Renton, will be  required to file and pay Business  and Occupation (B&O) tax, in lieu  of the Business License  registration fee.  Year‐to‐date  receipts totaled $2.3M.  The  monthly budgets are based on  large business quarterly  reporting with smaller business  annual reporting.              Licenses and Permits    Business Licenses  Business Licenses totaled $209K  for February, which is $51K or  33% above the same month last  year and is $51K or 33% above  the current month’s budget.  The  variance with the budget and  prior year is due the City adopting  Ordinance 5866 which changed  the reporting period from  quarterly to annually with a due  date of January and removing the  per employee tax.  The City  projects a decrease in overall  Business Licenses.   2017 2018 2018 Actual Budget Actual $ % $ % Jan 60,741$            90,356$            56,598$            (4,143)$               ‐7% (33,759)$            ‐37% Feb 2,788                  2,733                  1,473                  (1,315)                  ‐47% (1,260)                  ‐46% Apr 58,566               80,156                ‐                         May 1,279                  842                        ‐                         Jun 785                       517                        ‐                         Jul 51,061               73,680               ‐                         Aug 1,578                  1,040                  ‐                         Sep ‐                        341                       ‐                        ‐                         Oct 1,705                  39,955               ‐                         Nov ‐                        956                       ‐                        ‐                         Dec 44,655               29,423               ‐                         YTD  Total 63,529$            93,089$            58,071$            (5,458)$               ‐9% (35,019)$            ‐38% Annual  Total 223,157$         320,000$          2018 vs. Budget Admission Tax  Revenue Year to Date through February Month 2018 vs. 2017 2017 2018 2018 Actual Budget Actual $ % $ % Jan 432,319$         1,527,200$     1,301,574$     869,256$         201% (225,626)$        ‐15% Feb 794,093            190,900            1,013,630        219,536            28% 822,730            431% Mar 13,228               190,900            ‐                         Apr 4,626,880        1,527,200        ‐                         May 316,791            190,900            ‐                         Jun 23,491               190,900            ‐                         Jul 1,139,041        1,527,200        ‐                         Aug 399,375            190,900            ‐                         Sep 169,792            190,900            ‐                         Oct 981,417            1,527,200        ‐                         Nov 320,706            190,900            ‐                         Dec 415,901            190,900            ‐                         YTD Total 1,226,412$     1,718,100$     2,315,204$     1,088,792$     89% 597,104$         35% Annual  Total 9,633,034$     7,636,000$      *Total Business & Occupation Taxes (GF & CIP) Business & Occupation  Taxes* Year to Date through February Month 2018 vs. 2017 2018 vs. Budget 2017 2018 2018 Actual Budget Actual $ % $ % Jan 229,270$         277,687            574,453$         345,183$         151% 296,767$         107% Feb 157,504            157,567            208,947            51,443               33% 51,379               33% Mar 53,131               33,461               ‐                         Apr 157,983            145,552            ‐                         May 126,086            97,341               ‐                         Jun 36,375               27,014               ‐                         Jul 217,718            181,851            ‐                         Aug 124,833            95,699               ‐                         Sep 57,640               34,647               ‐                         Oct 187,368            160,619            ‐                         Nov 88,975               73,242               ‐                         Dec 43,847               27,214               ‐                         YTD  Total 386,774$         435,254$         783,400$         396,626$         103% 348,146$         80% Annual  Total 1,480,730$     1,311,894$      *Total Business License (GF & CIP) Business Licenses* Month 2018 vs. 2017 Year to Date through February 2018 vs. Budget Page 5 of 37 Monthly Financial Report February 2018      Building Permits and  Development Service Fees  Building Permits and  Development Service Fee  revenues totaled $281K in  February.  The year‐to‐date  revenues of $595K is $81K or 12%  less than the year before and is  $341K or 36% lower than budget.   The large budget variance in  January is due to large payments  for building permits and plan  review (Southport Developer and  Group Health) receipted in  January 2016 (monthly budgets is  based on 2016/2017 activity.      Intergovernmental  These revenue  sources include  federal (direct and  indirect) grants, state  grants, state shared  revenues, local  grants, and  entitlements.  State  shared revenues 94%  of the total revenues  in this category.  The  year‐to‐date total  Intergovernmental revenue is $1.2M or 18% of the budget.       State Shared  Revenues  State Shared  Revenue collections  totaled $992K since  the start of the year.   Compared to the  prior year, State  Shared Revenues are  above by $69K or 7%.   Compared to the  projected budget,  the City is collecting  $80K or 9% more.   The higher than  expected collection is  due to collecting more than anticipated Criminal Justice’s Sales Tax and Liquor Excise Tax.     2017 2018 2018 Actual Budget Actual $ % $ % Jan 399,548$         567,204$      314,626$         (84,921)$            ‐21% (252,577)$         ‐45% Feb 277,296            369,165         280,745            3,449                  1% (88,420)               ‐24% Mar 503,290            581,137          Apr 265,749            321,507          May 558,773            499,771          Jun 611,441            560,415          Jul 264,515            388,411          Aug 433,043            444,085          Sep 445,562            441,521          Oct 338,298            436,655          Nov 479,017            414,816          Dec 331,450            427,013          YTD  Total 676,844$         936,369$      595,371$         (81,473)$            ‐12% (340,997)$         ‐36% Annual Total 4,907,983$     5,451,699$   Building Permits and Development Se rvice Fees Year  to Date through February 2018 vs. Budget2018 vs. 2017 Month Intergovernmental 2017 2018 Bgt YTD  Act Change  2018/2017  2018 Act  vs  Bgt  Fire  District #25 ‐$                            ‐$                            ‐$                            ‐$                            N/A  $                          ‐ N/A Fire  District #40 170,969            178,830            178,830            7,861                   5%‐                            0% State Shared Revenue 923,561            911,854            992,213            68,651                7% 80,359             9% Federal  Grants 12,295               30,560                ‐                              (12,295)              0% (30,560)            0% State Grants ‐                              15,271               15,271               15,271                100%‐                            0% Other  Grants/Intgovt 86,608               58,650               55,394               (31,214)               ‐36% (3,256)                ‐6% ARRA Grants ‐                               ‐                               ‐                               ‐                               N/A ‐                            N/A Total  Rev YTD 1,193,433$     1,195,165$     1,241,708$     48,274$             4%46,543$           4% Total  Rev Annual 7,436,309$     6,875,678$      YTD  % 16% 17% 18% Note:  Includes  CJ Sales  Tax  and FD25 & FD40  contracts 2017 2018 2018 Actual Budget Actual $ % $ % Crim Just Sales  Tax 483,778$         483,827$         528,481$         44,703$            9% 44,653$            9% Judicial Contribution ‐                         ‐                        5,517                  5,517                  100% 5,517                  100% Crim Just ‐ High Crime 67,721               66,589               68,269               549                       1% 1,681                  3% Crim Just ‐ Pop 7,006                  6,044                  7,278                  272                       4% 1,233                  20% Crim Just ‐ Spec Prog 25,487               22,472               26,365               878                       3% 3,893                  17% State DUI 3,863                  4,413                  3,796                  (67)                         ‐2% (617)                      ‐14% Marijuana  Enforcement ‐                        ‐                        ‐                        ‐                        N/A ‐                        N/A Liquor Profits ‐                        ‐                        ‐                        ‐                        N/A ‐                        N/A Liquor Excise  Tax 113,721            104,301            119,489            5,767                  5% 15,188               15% Fuel Tax 221,986            224,208            233,018            11,032               5% 8,810                  4% YTD  Total 923,561$         911,854$         992,213$         68,651$            7% 80,359$            9% Annual Total 6,145,527$     5,942,169$      2018 vs. Budget State Shared Revenues 2018 vs. 2017 Revenue Year  to Date through February Page 6 of 37 Monthly Financial Report February 2018      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  60% of the total revenue in this category.  The year‐to‐date total charges for services are $1.5M or 17% of the budget.  The  following sections provide detail information for Public Safety, Recreation, and Interfund Services.      Public Safety Services  Public Safety Services totaled  $286K 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 $153K or 115%  more.  Compared to the year‐to‐ date budget, the City is over  budget by $172K or 151%.  The  variance with the prior year is  due to collecting large  reimbursements for the School  Resource Officer program.      Recreation  Recreation revenues totaled  $52K for the current month.   Compared to the same month  the prior year, the City collected  $13K or 34% more.  Compared to  the projected monthly budget,  the City collected $6K or 14%  more.  The year‐to‐date  collection of $190K is right on  target with the year before but is  $21K or 10% lower than the year‐ to‐date budget.           2017 2018 2018 Actual Budget Actual $ % $ % Jan 64,424$            57,002$            224,932$         160,509$         249% 167,930$         295% Feb 68,705               56,753               60,888               (7,817)                  ‐11% 4,136                  7% Mar 148,707            69,703               ‐                         Apr 61,399               37,896               ‐                         May 63,815               37,767               ‐                         Jun 43,374               75,004               ‐                         Jul 59,850               31,948               ‐                         Aug 58,114               34,576               ‐                         Sep 53,908               40,957               ‐                         Oct 52,056               71,643               ‐                         Nov 77,748               49,060               ‐                         Dec 85,628               55,327               ‐                         YTD  Total 133,129$         113,755$         285,821$         152,692$         115% 172,066$         151% Annual  Total 837,728$         617,635$          Year to Date through February Public Safety Services 2018 vs. 2017 2018 vs. Budget Month 2017 2018 2018 Actual Budget Actual $ % $ % Jan 152,350$         165,445$         138,388$         (13,962)$           ‐9% (27,057)$            ‐16% Feb 38,452               45,248               51,694               13,243               34% 6,446                  14% Mar 65,420               65,959               ‐                         Apr 74,806               98,092               ‐                         May 84,381               81,970               ‐                         Jun 153,304            205,712            ‐                         Jul 482,458            422,598            ‐                         Aug 382,296            383,056            ‐                         Sep 135,476            127,239            ‐                         Oct 49,113               49,623               ‐                         Nov 58,320               66,278               ‐                         Dec 45,946               44,704               ‐                         YTD  Total 190,802$         210,694$         190,083$         (719)$                  0% (20,611)$            ‐10% Annual  Total 1,722,323$     1,755,923$      Recreation Year to Date through February 2018 vs. Budget2018 vs. 2017 Month Page 7 of 37 Monthly Financial Report February 2018      Interfund Services  The year‐to‐date collections for  Interfund Services revenues are  $686K.  Compared to the prior  year, the revenues are over by  $36K or 5%.  Compared to the  projected budget, the revenues  are below by $41K or 6%.  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  $366K.  This is $14K or 4% higher  than a year ago but is $141K or  28% lower than the budget.                2017 2018 2018 Actual Budget Actual $ % $ % Jan 330,774$         363,424$         341,804$         11,030$            3% (21,619)$           ‐6% Feb 319,851            363,424            344,339            24,488               8% (19,084)              ‐5% Mar 377,192            363,424            ‐                         Apr 332,180            363,424            ‐                         May 332,543            363,424            ‐                         Jun 322,435            363,424            ‐                         Jul 314,856            363,424            ‐                         Aug 295,921            363,424            ‐                         Sep 350,908            363,424            ‐                         Oct 321,038            363,424            ‐                         Nov 316,488            363,424            ‐                         Dec 302,147            363,424            ‐                         YTD  Total 650,626$         726,848$         686,144$         35,518$            5% (40,704)$           ‐6% Annual  Total 3,916,334$     4,361,086$      Interfund Services Year to Date through February 2018 vs. 2017 2018 vs. Budget Month 2017 2018 2018 Actual Budget Actual $ % $ % Jan 134,957$         202,466$         141,625$         6,668$               5% (60,841)$            ‐30% Feb 217,056            304,761            224,814            7,759                  4% (79,947)               ‐26% Mar 212,186            326,326             Apr 242,816            334,935             May 229,877            307,640             Jun 302,666            394,406             Jul 247,260            323,718             Aug 298,685            368,664             Sep 220,425            286,907             Oct 274,245            357,604             Nov 240,739            355,833             Dec 325,938            417,895             YTD  Total 352,013$         507,227$         366,439$         14,427$            4% (140,787)$        ‐28% Annual  Total 2,946,849$     3,981,154$      2018 vs. Budget2018 vs . 2017 Year to Date through February Fines  and Penalties by Month Month Year to Date through February 2017 2018 2018 Actual Budget Actual $ % $ % Civil Penalties 349$                    772$                    173$                    (176)$                   ‐50% (599)$                   ‐78% Civil Infraction Penalties 26,890               24,585               32,004               5,114                  19% 7,418                  30% Civil Parking Infraction Penalties 13,707               17,851               16,346               2,639                  19% (1,505)                  ‐8% Photo Enforcement Program 279,252            445,665            291,441            12,190               4% (154,224)           ‐35% Criminal Traffic  Misdemeanor Fines 5,944                  3,230                  6,120                  177                       3% 2,890                  89% Criminal Non‐Traffic  Fines 9,603                  5,383                  6,687                  (2,916)                  ‐30% 1,305                  24% Criminal Costs 8,415                  7,941                  8,843                  428                       5% 903                       11% Non‐Court Fines, Forfeitures  and Penalties 7,853                  1,800                  4,824                  (3,029)                  ‐39% 3,024                  168% YTD Total 352,013$         507,227$         366,439$         14,427$            4% (140,787)$         ‐28% Annual  Total 2,946,849$     3,981,154$      Revenue 2018 vs. Budget Fines  and Penalties by Type 2018 vs. 2017 Page 8 of 37 Monthly Financial Report February 2018      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  $291K.      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 $329K for  personnel costs.  The total costs for the  program equates to $1.5M which is  represented in the table.  Due to the timing  of when the invoice was received, January 2018’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 $413K.   Compared to last year, the  revenues are below by $100K or  19%.  Compared to the projected  year‐to‐date budget, the  revenues are over by $83K or  25%.  The large variance with the  prior year is due to collecting  more than anticipated Seizure  Funds in 2017.  Seizure Funds are  restricted to drug enforcement only and are not available for general operating purposes.         Favorable 18 Budget 18 Actual 18  Budget 18 Actual (Unfavorable) 1 Jan 200,059$         136,853$         121,775$         27,432$            109,421$          Feb 245,606            154,588            121,775            95,186               59,402                Mar 255,819             ‐                        121,775            ‐                        ‐                         Apr 254,361            ‐                        121,775            ‐                        ‐                         May 245,760            ‐                        121,775            ‐                        ‐                         Jun 320,341            ‐                        121,775            ‐                        ‐                         Jul 253,555            ‐                        121,775            ‐                        ‐                         Aug 292,777            ‐                        121,775            ‐                        ‐                         Sep 214,081            ‐                        121,775            ‐                        ‐                         Oct 293,253            ‐                        121,775            ‐                        ‐                         Nov 285,573            ‐                        121,775            ‐                        ‐                         Dec 289,886            ‐                        121,775            ‐                        ‐                         YTD  Total 445,665$         291,441$         243,550$         122,618$         168,823$          Annual Total 3,151,072$     1,461,297$      1Actuals  of Revenues and Expenses ExpensesRevenues Photo Enforcement Program Year  to Date through February Month 2017 2018 2018 Actual Budget Actual $ % $ % Jan 363,997$         226,336$         262,690$         (101,308)$        ‐28% 36,354$            16% Feb 148,988            104,377            150,608            1,620                  1% 46,231               44% Mar 150,954            106,591             Apr 188,887            113,950             May 152,678            116,937             Jun 179,152            142,288             Jul 193,718            157,194             Aug 198,576            161,026             Sep 151,310            124,685             Oct 156,212            117,382             Nov 125,698            95,292                Dec 468,107            358,060             YTD  Total 512,986$         330,713$         413,298$         (99,688)$            ‐19% 82,585$            25% Annual  Total 2,478,278$     1,824,117$      Year to Date through February Month 2018 vs. Budget2018 vs. 2017 Miscellaneous  Revenues  by Month 2017 2018 2018 Actual Budget Actual $ % $ % Interests  and Other Earnings 124,243$         91,923$            157,830$         33,587$            27% 65,907$            72% Rents, Leases, and Concessions 175,373            171,398            181,351            5,978                  3% 9,952                  6% Contributions/Donations from  Private Sources 23,095               11,519               5                             (23,090)               ‐100% (11,514)               ‐100% Other 88,485               55,872               57,379               (31,106)               ‐35% 1,507                  3% Seizure  Funds  ‐ Federal/State/Local 101,790            ‐                        16,733               (85,057)               ‐84% 16,733               100% YTD  Total 512,986$         330,713$         413,298$         (99,688)$            ‐19% 82,585$            25% Annual Total 2,478,278$     1,824,117$      2018 vs. Budget Miscellaneous Revenues  by Type Year to Date through February Revenue 2018 vs. 2017 Page 9 of 37 Monthly Financial Report February 2018      EXPENSES  Overall the City has expended 14% of its budgeted general governmental expenditures at the end of February.  This is $347K  or 2.4% below year‐to‐date budgeted expenditures.  See below for summary of unfavorable items for general governmental  departments.      Council department is over the year‐to‐date budget by $1K or 1.7%. This is due to over spending on benefits and  underspending on professional services.  We will monitor this to determine if a budget adjustment is needed at year‐end.    Executive department is over the year‐to‐date budget by $25K or 5.8%.  This is due to over spending salaries/benefits and  professional services.  We will monitor this to determine if a budget adjustment is needed at year‐end.    Court Services department is over the year‐to‐date budget by $12K or 3.5%.  This is due to the spending patterns of  professional services in 2016/2017 compared to 2018.    Public Works (Administration, Street Maintenance, and Transportation) is over the year‐to‐date budget by $49K or 2.9%.  This  is due to the spending patterns of supplies, utility charges, and interfund charges in 2016/2017 compared to 2018.     Page 10 of 37 Monthly Financial Report February 2018      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.  Airport Golf Course Solid Waste  Utility Water Utility Wastewater  Utility Surface Water  Utility Metro REVENUES: Licenses  and permits ‐                  ‐                 ‐                 ‐                 17,700            10,500            ‐                  Grants  / intergovernmental 23,656            ‐                 ‐                 ‐                 ‐                 298,490          ‐                  Charges  for services 42,649            113,545          1,311,623       2,527,641       1,743,995       1,981,156       2,778,604        Interdepartmental  services ‐                 ‐                 ‐                 ‐                 ‐                 ‐                 ‐                  Fines  and penalties 170                 ‐                 ‐                 ‐                 ‐                 ‐                 ‐                  Rents, leases, and misc fees 416,865          21,643            ‐                 59,152            ‐                 ‐                 ‐                  Interest and other misc 5,816              1,199              5,135              216,416          168,324          80,357            9,382               TOTAL REVENUES 489,156          136,387          1,316,758       2,803,209       1,930,019       2,370,503       2,787,986        EXPENSES: Utility billing ‐                 ‐                 6,947              28,259            23,583            36,811            ‐                  Utility systems ‐                 ‐                 2,190,672       643,385          538,892          504,858          ‐                  Utility maintenance ‐                 ‐                 59,516            851,340          353,168          512,108          2,735,129        Transportation 261,188          ‐                 ‐                 ‐                 ‐                 ‐                 ‐                  Golf ‐                 311,638          ‐                 ‐                 ‐                 ‐                 ‐                  TOTAL EXPENSES 261,188          311,638          2,257,135       1,522,984       915,643          1,053,777       2,735,129        AMOUNT AVAILABLE FOR DEBT SERVICE 227,968          (175,251)        (940,377)        1,280,225       1,014,376       1,316,726       52,857             DEBT SERVICE: Principal ‐                 ‐                 ‐                 ‐                 ‐                 ‐                 ‐                  Interest ‐                 ‐                 ‐                 ‐                 ‐                 86,670            ‐                  TOTAL DEBT SERVICE ‐                 ‐                 ‐                 ‐                 ‐                 86,670            ‐                  CAPITAL PROJECTS 6,342              ‐                 ‐                 274,373          216,467          212,932          ‐                  TRANSFERS IN/(OUT)‐                 ‐                 ‐                 ‐                 ‐                 (637)               ‐                  CHANGE IN FUND BALANCE 221,626          (175,251)        (940,377)        1,005,852       797,909          1,016,487       52,857             BEGINNING FUND BALANCE, Jan  1 3,459,189       5,267              3,000,312       33,913,567     17,410,002     13,934,705     5,089,769        ENDING FUND BALANCE, Feb 28 3,680,815       (169,984)        2,059,935       34,919,419     18,207,911     14,951,192     5,142,626              Page 11 of 37 Monthly Financial Report February 2018      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 ‐               33,345          ‐               ‐                     ‐               ‐               ‐                Grants  / intergovernmental ‐               ‐               ‐               ‐                     ‐               ‐               ‐                Charges  for services Equipment rental  m&o 361,979       721,424       ‐               ‐                     ‐               ‐               ‐                Print and mail ‐               ‐               ‐               74,090               ‐               ‐               ‐                Communications ‐               ‐               ‐               115,805             ‐               ‐               ‐                Facilities ‐               ‐               680,863       ‐                     ‐               ‐               ‐                Data  cards  and cell  phones ‐               ‐               ‐               ‐                     ‐               ‐               ‐                IT service contracts ‐               ‐               ‐               ‐                     ‐               ‐               ‐                Interest and other misc 11,379         6,118           2,697           1,009                 28,633         7,456           19,300          Internal service fund misc: Vehicle  / equipment capital  recovery 347,033       35,149         ‐               ‐                     ‐               ‐               ‐                Insurance premiums ‐               ‐               ‐               ‐                     288,276       ‐               ‐                Worker's  comp/unemployment ‐               ‐               ‐               ‐                     217,166       ‐               ‐                Benefit premiums ‐               ‐               ‐               ‐                     ‐               1,550,930    437,444        Other misc 60                ‐               ‐               ‐                     ‐               150,896       ‐                Interfund Loan ‐               ‐               ‐               ‐                     ‐               ‐               ‐                Capital  contributions ‐               ‐               ‐               ‐                     ‐               ‐               ‐                Disposal of capital  assets ‐               ‐               ‐               ‐                     ‐               ‐               ‐                Insurance recoveries ‐               ‐               ‐               ‐                     196,426       ‐               ‐                TOTAL REVENUES 720,451       796,036       683,559       190,904             730,501       1,709,282    456,744        EXPENSES: Communications 102,976              Equipment rental 347,270        Facilities 562,615        Healthcare 1,471,652     Information technology 941,598        Print and mail 56,612                Retiree healthcare 89,969          Risk management: Risk management 717,899        Unemployment 9,614            Worker's  compensation 218,534        TOTAL EXPENSES 347,270       941,598       562,615       159,588             946,047       1,471,652    89,969          AMOUNT AVAILABLE FOR CAPITAL 373,181       (145,562)      120,944       31,316               (215,546)      237,630       366,775        CAPITAL PROJECTS 155,110       79,699         ‐               ‐                     ‐               ‐               ‐                TRANSFERS IN ‐               637              ‐               ‐                     ‐               ‐               ‐                TRANSFERS (OUT)‐               ‐               ‐               ‐                     ‐               ‐               ‐                CHANGE IN FUND BALANCE 218,071       (224,624)      120,944       31,316               (215,546)      237,630       366,775        BEGINNING FUND BALANCE, Ja n  1 6,882,620    3,737,060    1,530,747    608,145             17,731,130  4,617,488    11,887,344   ENDING FUND BALANCE, Feb 28 7,100,691    3,512,436    1,651,691    639,461             17,515,584  4,855,118    12,254,119        Page 12 of 37 Monthly Financial Report February 2018      FUND BALANCE  Page 14 shows the ending fund balance as of February 2018.  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 February, the City has $35.6M reported in the combined general governmental fund balance of the current  year’s operating budget, which is approximately 36% of budgeted operating expenditures.  This is an increase of $2.3M from  the year’s beginning balance.  February’s ending fund balance is over the anticipated General Governmental Fund Balance of  $21M by $14.6M or 69.6%.  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 February 2018      City  of Renton All Funds ‐ Revenue, Expenditures and Fund Balances Cash  Basis through February  28, 2018 Funds Balance  01/01/2018 Budgeted  Revenue Revenue  02/28/18 Total Funds  Available Budgeted  Expenditure Expenditure  02/28/18 Ending Balance GENERAL GOVERNMENT FUNDS: 33,284,838          100,191,383        16,348,402          49,633,240          98,302,133          14,082,847          35,550,393           000 General 22,708,066          69,157,742          13,578,347          36,286,413          67,041,323          10,297,616          25,988,797           001 Community Services 4,840,993            13,425,796          1,227,219            6,068,212            13,443,212          1,761,417            4,306,795             003 Street 3,143,904            11,288,240          1,324,542            4,468,446            11,378,757          1,677,768            2,790,677             004 Community Dev Block Grant 54,286                 424,857               ‐                           54,286                 424,857               7,892                   46,394                  005 Museum 70,992                 239,129               98                        71,090                 241,246               40,634                 30,456                  009 Farmers  Market 105,323               59,400                 889                      106,212               69,494                 9,206                   97,006                  201 Ltd  GO Bonds  Gen Govt Debt 863,732               ‐                           1,387                   865,119               ‐                           ‐                           865,119                215 Gen Govt Misc Debt Service 1,497,542            5,596,219            215,920               1,713,462            5,703,244            288,313               1,425,149             SPECIAL REVENUE FUNDS:2,093,053            1,950,224            412,346               2,505,399            1,892,764            132,176               2,373,223             102 Arterial  Street 108,438               670,000               109,872               218,310               670,000               ‐                           218,310                108 Leased City Properties 611,055               902,550               187,314               798,369               845,090               101,329               697,040                110 Hotel  Motel 461,434               265,000               55,161                 516,595               265,000               28,847                 487,748                125 1% For Art 103,109               15,000                 166                      103,275               15,000                 ‐                           103,275                127 Cable  Communication 472,489               97,674                 59,291                 531,780               97,674                 2,000                   529,780                135 Springbrook Wetlands Bank 336,528               ‐                           542                      337,070               ‐                           ‐                           337,070                CAPITAL PROJECT FUNDS (CIP):36,295,483          9,410,400            3,397,001            39,692,484          13,039,521          1,115,475            38,577,009           303 Community Services  Mitigation 1,909,355            86,500                 84,454                 1,993,809            ‐                           ‐                           1,993,809             304 Fire  Mitigation 936,972               99,000                 72,066                 1,009,038            142,975               ‐                           1,009,038             305 Transportation  Mitigation 810,962               632,400               189,379               1,000,341            5,000                   ‐                           1,000,341             316 Municipal  Facilities CIP 19,671,696          4,627,000            2,060,940            21,732,636          8,926,046            542,951               21,189,685           317 Transportation CIP 5,808,539            3,965,500            796,085               6,604,624            3,965,500            572,524               6,032,100             326 Housing Opportunity 2,548,975             ‐                           4,113                   2,553,088             ‐                            ‐                           2,553,088             336 New Library Development 451,093                ‐                           715                      451,808                ‐                            ‐                           451,808                346 New Family First Center Dvlpmnt 4,157,891             ‐                           189,249               4,347,140             ‐                            ‐                           4,347,140             ENTERPRISE FUNDS: 76,812,811          83,652,598          11,835,688          88,648,499          92,373,701          9,856,589            78,791,910           4X2 Airport Operating & CIP 3,459,189            4,531,809            489,156               3,948,345            4,552,790            267,531               3,680,814             403 Solid Waste  Utility 3,000,312            19,505,718          1,316,758            4,317,070            19,368,508          2,257,136            2,059,934             4X4 Golf Operating & CIP 5,267                   2,912,920            138,056               143,323               2,728,654            313,308               (169,985)               4X5 Water Operating & CIP 33,913,567          17,420,439          2,803,209            36,716,776          21,538,687          1,797,357            34,919,419           4X6 Waste  Water Operating & CIP 17,410,002          10,076,333          1,930,019            19,340,021          12,084,986          1,132,111            18,207,910           416 King County Metro 5,089,769            17,505,693          2,787,986            7,877,755            17,505,693          2,735,129            5,142,626             4X7 Surface  Water Operating & CIP 13,934,705          11,699,686          2,370,504            16,305,209          14,594,383          1,354,017            14,951,192           INTERNAL SERVICE FUNDS:46,994,534          30,283,478          5,288,114            52,282,648          31,616,210          4,753,549            47,529,099           501 Equipment Repair/Replacement 6,882,620            6,026,729            720,452               7,603,072            6,989,962            502,380               7,100,692             502 Insurance 17,731,130          3,307,514            730,501               18,461,631          3,315,116            946,048               17,515,583           503 Information Services 3,737,060            5,510,230            796,673               4,533,733            5,563,704            1,021,296            3,512,437             504 Facilities 1,530,747            4,887,148            683,559               2,214,306            4,978,288            562,615               1,651,691             505 Communications 608,145               1,102,300            190,904               799,049               1,096,329            159,589               639,460                512 Insurance, Healthcare 4,617,488            8,191,708            1,709,281            6,326,769            8,578,084            1,471,652            4,855,117             522 Insurance, Leoff1 Retirees HC 11,887,344          1,257,849            456,744               12,344,088          1,094,727            89,969                 12,254,119           FIDUCIARY FUNDS: 5,832,897            468,000               5,725                   5,838,622            200,475               38,309                 5,800,313             611 Firemen's Pension 5,832,897            468,000               5,725                   5,838,622            200,475               38,309                 5,800,313             TOTAL  FUNDS 201,313,616     225,956,083     37,287,276       238,600,892     237,424,804     29,978,945       208,621,947      Page 14 of 37 City of Renton General Government Financial Position 2018 Budget Year General Government Summary  Revenues Expenditures  $ Difference over (under)  w/beginning  balance  33,284,838             January 8,189,596              6,868,916              1,320,680              34,605,518             February 16,348,402            14,082,847            2,265,555              35,550,393             March April May June July August September October 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  ‐  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 ‐ 2018 Budget Year General  Government Budget YTD Actual Annual %  over (under) Jan 7,921,333        8,189,596        3.39% Feb 14,451,521      16,348,402      13.13% Mar 20,972,871       Apr 33,054,932       May 43,717,780       Jun 49,969,025       Jul 57,841,558       Aug 64,579,058       Sep 70,898,163       Oct 81,917,169       Nov 93,261,010       Dec 100,191,383     Percent of budget 16.32% Property Tax Budget YTD Actual Annual %  over (under) Jan 31,649              (12,745)            ‐140.27% Feb 192,923           93,620              ‐51.47% Mar 880,619            Apr 5,585,498         May 10,133,810       Jun 10,218,049       Jul 10,258,103       Aug 10,366,119       Sep 10,682,507       Oct 13,934,125       Nov 19,305,972       Dec 19,397,308       Percent of budget 0.48%  $‐  $10  $20  $30  $40  $50  $60  $70  $80  $90  $100  $110  $120  $130 Millions Total Revenue General Government Budget Actual Last Year  $(3)  $‐  $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 ‐ 2018 Budget Year Sales Tax Budget YTD Actual Annual %  over (under) Jan 2,260,736        2,481,092        9.75% Feb 4,948,626        5,657,031        14.32% Mar 7,092,465         Apr 9,200,855         May 11,717,901       Jun 13,938,141       Jul 16,253,766       Aug 18,828,019       Sep 21,239,052       Oct 23,758,560       Nov 26,381,491       Dec 28,803,740       Percent of budget 19.64% Note:  Excludes CJ Sales Tax and Natural Gas Use Tax. Utility Tax Budget YTD Actual Annual %  over (under) Jan 1,472,870        1,395,386         ‐5.26% Feb 2,886,038        3,013,358        4.41% Mar 4,135,571         Apr 5,628,573         May 6,970,433         Jun 8,143,555         Jul 9,485,903         Aug 10,640,985       Sep 11,865,442       Oct 13,187,689       Nov 14,330,720       Dec 15,664,124       Percent of budget 19.24% 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 ‐ 2018 Budget Year Licenses &  Permits Budget YTD Actual Annual %  over (under) Jan 557,333           528,042            ‐5.26% Feb 905,781           862,852            ‐4.74% Mar 1,389,734         Apr 1,687,685         May 2,112,005         Jun 2,486,234         Jul 2,878,222         Aug 3,285,243         Sep 3,652,920         Oct 4,043,793         Nov 4,367,374         Dec 4,636,213         Percent of budget 18.61% Note:  GF only Intergovt'l Budget YTD Actual Annual %  over (under) Jan 595,670           601,356           0.95% Feb 1,195,165        1,241,708        3.89% Mar 1,741,231         Apr 2,268,089         May 2,648,267         Jun 3,237,847         Jul 3,779,757         Aug 4,382,711         Sep 4,976,919         Oct 5,573,386         Nov 6,003,205         Dec 6,875,678         Percent of budget 18.06% Note:  Includes CJ Sales Tax and FD25 & FD40 contracts  $‐  $1  $2  $3  $4  $5  $6  $7  $8 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 ‐ 2018 Budget Year Charges for  Services Budget YTD Actual Annual %  over (under) Jan 736,093           851,592           15.69% Feb 1,321,490        1,451,288        9.82% Mar 1,970,833         Apr 2,605,597         May 3,287,512         Jun 4,174,426         Jul 5,126,226         Aug 6,077,798         Sep 6,739,843         Oct 7,381,352         Nov 8,038,314         Dec 8,780,388         Percent of budget 16.53% Note: Excludes FD25 & FD40 contracts Fines &  Forfeits Budget YTD Actual Annual %  over (under) Jan 202,466           141,625            ‐30.05% Feb 507,227           366,439            ‐27.76% Mar 833,552            Apr 1,168,487         May 1,476,127         Jun 1,870,533         Jul 2,194,251         Aug 2,562,915         Sep 2,849,822         Oct 3,207,426         Nov 3,563,259         Dec 3,981,154         Percent of budget 9.20%  $‐  $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 ‐ 2018 Budget Year Other Taxes Budget YTD Actual Annual %  over (under) Jan 1,826,266        1,940,559        6.26% Feb 2,150,560        3,235,809        50.46% Mar 2,455,818         Apr 4,311,237         May 4,643,962         Jun 5,018,275         Jul 6,814,257         Aug 7,211,253         Sep 7,531,044         Oct 9,340,928         Nov 9,673,557         Dec 10,085,686       Percent of budget 32.08% Misc Budget YTD Actual Annual %  over (under) Jan 226,336           262,690           16.06% Feb 330,713           413,298           24.97% Mar 437,304            Apr 551,253            May 668,190            Jun 810,478            Jul 967,672            Aug 1,128,698         Sep 1,253,383         Oct 1,370,765         Nov 1,466,057         Dec 1,824,117         Percent of budget 22.66%  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00 Millions Miscellaneous Budget Actual Last Year  $‐  $1  $2  $3  $4  $5  $6  $7  $8  $9  $10  $11  $12  $13  $14 Millions Other Taxes Budget Actual Last Year Page 20 of 37 City of Renton Monthly Revenue Analysis ‐ 2018 Budget Year Other  Financing Budget YTD Actual Annual %  over (under) Jan 11,915               ‐                         0.00% Feb 13,000              13,000              0.00% Mar 35,744               Apr 47,658               May 59,573               Jun 71,488               Jul 83,402               Aug 95,317               Sep 107,231            Oct 119,146            Nov 131,060            Dec 142,975            Percent of budget 9.09% REET Budget YTD Actual Annual %  over (under) Jan 786,056           840,316           6.90% Feb 996,074           1,206,327        21.11% Mar 1,388,016         Apr 1,654,828         May 1,955,479         Jun 2,413,482         Jul 2,853,657         Aug 3,360,851         Sep 3,792,293         Oct 4,100,637         Nov 4,499,171         Dec 4,420,000         Percent of budget 27.29%  $‐  $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 Millions Real Estate Excise Tax Budget Actual Last Year $0 $0 $0 $0 $0 $0 $0 MillionsOther Financing Sources Budget Actual Last Year Page 21 of 37 City of Renton Monthly Revenue Analysis ‐ 2018 Budget Year Bldg Permits &  Devlpmt Svc  Fees Budget YTD Actual Annual %  over (under) Jan 567,204           314,626            ‐44.53% Feb 936,369           595,371            ‐36.42% Mar 1,517,506         Apr 1,839,013         May 2,338,784         Jun 2,899,199         Jul 3,287,609         Aug 3,731,695         Sep 4,173,216         Oct 4,609,871         Nov 5,024,686         Dec 5,451,699         Percent of budget 10.92% B & O Tax Budget YTD Actual Annual %  over (under) Jan 1,527,200        1,301,574         ‐14.77% Feb 1,718,100        2,315,204        34.75% Mar 1,909,000         Apr 3,436,200         May 3,627,100         Jun 3,818,000         Jul 5,345,200         Aug 5,536,100         Sep 5,727,000         Oct 7,254,200         Nov 7,445,100         Dec 7,636,000         Percent of budget 30.32%  $‐  $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  $10.00  $10.50 Millions Business & Occupation Tax Budget Actual Last Year Page 22 of 37 City of Renton Monthly Expenditure Analysis ‐ 2018 Budget Year General  Government Budget YTD Actual Annual %  over (under) Jan 7,148,416        6,868,916         ‐3.91% Feb 14,430,151      14,082,847       ‐2.41% Mar 23,171,064       Apr 30,885,118       May 39,100,987       Jun 46,910,110       Jul 55,626,914       Aug 63,991,747       Sep 72,419,092       Oct 80,682,421       Nov 88,548,179       Dec 98,302,133       Percent of budget expended 14.33% Legislative Budget YTD Actual Annual %  over (under) Jan 36,796              38,187              3.78% Feb 67,098              68,247              1.71% Mar 102,377            Apr 133,436            May 163,576            Jun 194,460            Jul 224,009            Aug 253,784            Sep 283,711            Oct 313,912            Nov 343,921            Dec 374,666            Percent of budget expended 18.22%  $‐  $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 ‐ 2018 Budget Year Executive Budget YTD Actual Annual %  over (under) Jan 213,846           216,805           1.38% Feb 356,276           370,213           3.91% Mar 517,667            Apr 661,491            May 815,091            Jun 982,365            Jul 1,128,324         Aug 1,301,290         Sep 1,461,900         Oct 1,621,094         Nov 1,764,444         Dec 1,977,556         Percent of budget expended 18.72% Emergency  Management Budget YTD Actual Annual %  over (under) Jan 38,727              46,027              18.85% Feb 81,139              92,381              13.86% Mar 134,576            Apr 185,443            May 232,748            Jun 280,829            Jul 329,887            Aug 405,522            Sep 458,997            Oct 509,656            Nov 559,051            Dec 606,070            Percent of budget expended 15.24%  $‐  $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 ‐ 2018 Budget Year City Attorney Budget YTD Actual Annual %  over (under) Jan 179,986           177,424            ‐1.42% Feb 365,070           359,168            ‐1.62% Mar 556,653            Apr 754,725            May 942,040            Jun 1,129,239         Jul 1,318,120         Aug 1,507,141         Sep 1,698,115         Oct 1,885,878         Nov 2,072,809         Dec 2,251,312         Percent of budget expended 15.95% Court Services Budget YTD Actual Annual %  over (under) Jan 176,384           182,051           3.21% Feb 359,319           371,810           3.48% Mar 546,315            Apr 734,460            May 920,481            Jun 1,108,912         Jul 1,293,945         Aug 1,479,202         Sep 1,674,344         Oct 1,861,659         Nov 2,050,602         Dec 2,250,644         Percent of budget expended 16.52%  $‐  $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 ‐ 2018 Budget Year CED Admin Budget YTD Actual Annual %  over (under) Jan 109,150           111,659           2.30% Feb 218,777           223,634           2.22% Mar 328,405            Apr 438,243            May 548,295            Jun 663,572            Jul 774,577            Aug 885,667            Sep 996,682            Oct 1,107,057         Nov 1,217,230         Dec 1,339,679         Percent of budget expended 16.69% Development  Services Budget YTD Actual Annual %  over (under) Jan 264,886           239,592            ‐9.55% Feb 557,415           474,218            ‐14.93% Mar 839,090            Apr 1,124,291         May 1,413,022         Jun 1,709,057         Jul 2,002,344         Aug 2,298,315         Sep 2,614,096         Oct 2,912,089         Nov 3,235,237         Dec 3,451,529         Percent of budget expended 13.74%  $‐  $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 ‐ 2018 Budget Year Economic  Development Budget YTD Actual Annual %  over (under) Jan 55,791              54,919               ‐1.56% Feb 118,706           142,952           20.43% Mar 176,662            Apr 274,608            May 404,414            Jun 515,396            Jul 605,115            Aug 689,812            Sep 792,413            Oct 910,947            Nov 1,002,828         Dec 1,122,610         Percent of budget expended 12.73% Planning Budget YTD Actual Annual %  over (under) Jan 266,956           230,023            ‐13.83% Feb 541,213           479,452            ‐11.41% Mar 823,680            Apr 1,100,866         May 1,394,553         Jun 1,683,599         Jul 1,961,865         Aug 2,251,300         Sep 2,541,336         Oct 2,819,947         Nov 3,095,613         Dec 3,473,927         Percent of budget expended 13.80%  $‐  $0.20  $0.40  $0.60  $0.80  $1.00  $1.20 Millions Economic Development Budget Actual Last Year  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00 Millions Planning Budget Actual Last Year Page 27 of 37 City of Renton Monthly Expenditure Analysis ‐ 2018 Budget Year Finance Budget YTD Actual Annual %  over (under) Jan 245,302           215,045            ‐12.33% Feb 504,770           446,774            ‐11.49% Mar 747,503            Apr 1,007,347         May 1,267,911         Jun 1,549,875         Jul 1,829,962         Aug 2,138,964         Sep 2,392,432         Oct 2,653,584         Nov 2,907,801         Dec 3,628,725         Percent of budget expended 12.31% City Clerk Budget YTD Actual Annual %  over (under) Jan 79,458              73,376               ‐7.65% Feb 301,896           154,002            ‐48.99% Mar 387,290            Apr 475,507            May 564,629            Jun 655,905            Jul 750,959            Aug 909,171            Sep 928,629            Oct 1,017,318         Nov 1,112,561         Dec 1,250,565         Percent of budget expended 12.31% 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  $4.00 Millions Finance Budget Actual Last Year Page 28 of 37 City of Renton Monthly Expenditure Analysis ‐ 2018 Budget Year Human  Resources Budget YTD Actual Annual %  over (under) Jan 100,796           93,068               ‐7.67% Feb 204,801           196,272            ‐4.16% Mar 324,936            Apr 448,888            May 558,639            Jun 668,238            Jul 780,343            Aug 900,878            Sep 1,015,333         Oct 1,137,950         Nov 1,248,675         Dec 1,370,877         Percent of budget expended 14.32% Police Budget YTD Actual Annual %  over (under) Jan 3,244,286        3,128,806         ‐3.56% Feb 6,148,378        6,112,773         ‐0.58% Mar 9,555,956         Apr 12,508,356       May 15,845,284       Jun 18,835,493       Jul 22,469,382       Aug 25,517,304       Sep 28,931,676       Oct 31,961,399       Nov 35,153,006       Dec 38,918,561       Percent of budget expended 15.71%  $‐  $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 ‐ 2018 Budget Year Community  Services Admin Budget YTD Actual Annual %  over (under) Jan 44,259              39,217               ‐11.39% Feb 90,786              85,085               ‐6.28% Mar 129,908            Apr 167,621            May 208,993            Jun 245,893            Jul 284,078            Aug 322,361            Sep 359,818            Oct 397,782            Nov 435,311            Dec 523,015            Percent of budget expended 16.27% Parks Budget YTD Actual Annual %  over (under) Jan 345,556           313,568            ‐9.26% Feb 702,514           654,819            ‐6.79% Mar 1,093,140         Apr 1,508,539         May 1,911,905         Jun 2,348,633         Jul 2,828,899         Aug 3,336,493         Sep 3,866,193         Oct 4,314,267         Nov 4,724,307         Dec 5,221,400         Percent of budget expended 12.54%  $‐  $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 ‐ 2018 Budget Year Parks Planning  and Natural  Resources Budget YTD Actual Annual %  over (under) Jan 62,879              57,925               ‐7.88% Feb 153,203           124,297            ‐18.87% Mar 232,682            Apr 315,258            May 421,728            Jun 538,667            Jul 638,981            Aug 770,429            Sep 889,537            Oct 990,768            Nov 1,104,739         Dec 1,266,373         Percent of budget expended 9.82% Recreation Budget YTD Actual Annual %  over (under) Jan 408,633           446,821           9.35% Feb 860,914           861,285           0.04% Mar 1,326,264         Apr 1,801,571         May 2,249,644         Jun 2,746,156         Jul 3,458,309         Aug 4,201,750         Sep 4,842,832         Oct 5,313,670         Nov 5,777,349         Dec 6,256,963         Percent of budget expended 13.77%  $‐  $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 $7.00 Millions Recreation Budget Actual Last Year Page 31 of 37 City of Renton Monthly Expenditure Analysis ‐ 2018 Budget Year Human  Services Budget YTD Actual Annual %  over (under) Jan 82,084              55,197               ‐32.76% Feb 175,427           184,247           5.03% Mar 239,643            Apr 332,825            May 451,498            Jun 507,644            Jul 624,057            Aug 735,309            Sep 792,110            Oct 950,123            Nov 1,055,851         Dec 1,311,570         Percent of budget expended 14.05% Neighborhoods , Resources,  and Events Budget YTD Actual Annual %  over (under) Jan 16,829              (47,839)            ‐384.27% Feb 35,769              45,137              26.19% Mar 54,610               Apr 70,932               May 89,128               Jun 106,950            Jul 133,567            Aug 157,415            Sep 178,034            Oct 198,261            Nov 215,703            Dec 244,955            Percent of budget expended 18.43%  $‐  $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60  $1.80 Millions Human Services Budget Actual Last Year  $(200,000)  $‐  $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 ‐ 2018 Budget Year Museum Fund Budget YTD Actual Annual %  over (under) Jan 19,943              19,889               ‐0.27% Feb 39,991              40,634              1.61% Mar 59,393               Apr 79,159               May 98,532               Jun 118,175            Jul 138,557            Aug 158,827            Sep 179,495            Oct 200,268            Nov 220,924            Dec 241,246            Percent of budget expended 16.84% Public Works  Admin Budget YTD Actual Annual %  over (under) Jan 34,486              34,521              0.10% Feb 69,669              69,361               ‐0.44% Mar 104,789            Apr 139,642            May 174,360            Jun 209,285            Jul 244,157            Aug 279,239            Sep 314,679            Oct 348,881            Nov 383,025            Dec 417,024            Percent of budget expended 16.63%  $‐  $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 ‐ 2018 Budget Year Street  Maintenance Budget YTD Actual Annual %  over (under) Jan 424,687           428,817           0.97% Feb 905,984           859,296            ‐5.15% Mar 1,375,480         Apr 1,884,464         May 2,359,985         Jun 2,819,975         Jul 3,273,955         Aug 3,730,797         Sep 4,205,894         Oct 4,668,893         Nov 5,111,602         Dec 5,587,710         Percent of budget expended 15.38% Transportation Budget YTD Actual Annual %  over (under) Jan 349,016           366,141           4.91% Feb 722,719           818,473           13.25% Mar 1,158,018         Apr 1,596,075         May 2,137,819         Jun 2,579,738         Jul 3,036,128         Aug 3,478,037         Sep 3,932,755         Oct 4,733,597         Nov 5,116,826         Dec 5,791,047         Percent of budget expended 14.13%  $‐  $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 ‐ 2018 Budget Year Debt Service Budget YTD Actual Annual %  over (under) Jan 37,996              37,996              0.00% Feb 288,313           288,313           0.00% Mar 1,425,811         Apr 1,901,081         May 2,376,352         Jun 2,851,622         Jul 3,326,892         Aug 3,802,163         Sep 4,277,433         Oct 4,752,703         Nov 5,227,974         Dec 5,703,244         Percent of budget expended 5.06% Non‐ Departmental  Other City Budget YTD Actual Annual %  over (under) Jan 309,681           309,681           0.00% Feb 560,003           560,003           0.00% Mar 930,216            Apr 1,240,288         May 1,550,360         Jun 1,860,432         Jul 2,170,504         Aug 2,480,576         Sep 2,790,648         Oct 3,100,720         Nov 3,410,792         Dec 3,720,864         Percent of budget expended 15.05%  $‐  $2.00  $4.00  $6.00  $8.00  $10.00  $12.00  $14.00  $16.00 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 ‐ 2018 Budget Year Utilities Budget Revenue Expense Jan 3,982,954        4,980,942      3,338,103       Feb 8,679,714        11,208,449    9,275,111       Mar 13,675,652       Apr 21,105,708       May 27,294,382       Jun 34,248,822       Jul 42,732,840       Aug 49,378,807       Sep 61,633,041       Oct 67,327,896       Nov 75,168,661       Dec 85,092,257       Percent of budget expended 8.34% Note:  Operations and Capital Airport Budget Revenue Expense Jan 364,906           237,743          123,513           Feb 678,730           489,156          267,530           Mar 902,636            Apr 1,246,144         May 1,556,826         Jun 1,859,541         Jul 2,365,174         Aug 2,663,519         Sep 3,085,835         Oct 3,382,495         Nov 4,036,503         Dec 4,552,790         Percent of budget expended 5.88% Note:  Operations and Capital $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 Millions Utilities Budget Revenue Expense  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  $4.50  $5.00 Millions Airport Budget Revenue Expense Page 36 of 37 City of Renton Monthly Enterprise Fund Financial Report ‐ 2018 Budget Year Golf Course Budget Revenue Expense Jan 153,642           66,977            144,831           Feb 377,249           138,056          313,308           Mar 568,683            Apr 811,999            May 1,025,759         Jun 1,265,001         Jul 1,614,536         Aug 1,842,643         Sep 2,085,914         Oct 2,317,518         Nov 2,525,822         Dec 2,728,654         Percent of budget expended 11.48% 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