Loading...
HomeMy WebLinkAbout201906, June h:\finance\financial reporting\monthly reports\2019 reports\cover 6 19.docx  ADMINISTRATIVE SERVICES    M   E   M   O   R   A   N   D   U   M       DATE: August 12, 2019    TO: Don Persson, Council President  Members of Renton City Council     CC: Denis Law, Mayor  Bob Harrison, Chief Administrative Officer     FROM: Jan Hawn, ASD Administrator     STAFF CONTACT: Hai Nguyen, Sr. Finance Analyst     SUBJECT: June 2019 Financial Status Report       At the end of June, general governmental revenues show $5.9M or 11.2% over budget.   Revenue source(s) that are higher than expected are: sales tax ($171K); property taxes  ($110K); state shared revenues ($324K); business & occupation taxes ($2.6M); gambling  taxes ($419K); public safety services (112K); interest & other earnings ($341K); fines and  penalties ($662K); real estate excise tax ($1.7M); business licensing ($417K); and other  miscellaneous ($215K). On the down side, the revenue source(s) that are  underperforming the year to date budget are: utility taxes ($328K); building permits &  development service fees ($458K); culture and recreation ($157K); and interfund services  ($316K).    General government expenditures showed a favorable variance of $1.7M or 3.5%.  See  page 11 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.        Don Persson, Council President  Members of Renton City Council  Page 2 of 2  August 12, 2019    h:\finance\financial reporting\monthly reports\2019 reports\cover 6 19.docx  This page is intentionally left blank      General Governmental Funds $% Beginning Fund Balance 26,563,785$     26,563,785$    33,284,838$       33,284,838$      42,803,217$    42,803,217$ 46,198,341$   3,395,124        7.9% OPERATING REVENUES Property Tax 24,356,562        12,807,368       19,463,461          10,196,490         20,885,254       10,963,970    11,074,441      110,470            1.0% Sales Tax 26,331,634        12,840,694       28,428,635          13,670,050         27,684,069       13,382,686    13,554,004      171,318            1.3% Sales Tax  ‐ Annexation Credit/LRF 3,123,230           1,521,790          1,619,553             1,619,553            ‐                           ‐                        ‐                         ‐                        0.0% Criminal Justice Sales Tax 2,808,564           1,346,925          3,091,020             1,460,549            2,886,744          1,373,734       1,549,423         175,689            12.8% Natural Gas  Use Tax 180,456                104,951               141,408                  90,415                   180,000               115,090            147,158             32,068               27.9% Admission Tax 223,157                124,158               225,466                  114,654                250,000               133,080            88,107                (44,973)              ‐33.8% Franchise  Fees 1,562,100           794,909               1,508,915             782,942                1,526,500          784,298            761,146             (23,152)              ‐3.0% Electricity Tax 5,721,366           3,037,311          5,592,795             3,092,739            5,559,113          3,011,946       2,843,902         (168,044)           ‐5.6% Natural Gas  Utility Tax 1,630,375           1,112,262          1,446,693             984,798                1,400,000          954,117            887,442             (66,675)              ‐7.0% Garbage/Solid Waste 627,254                293,779               743,003                  362,153                680,000               325,511            396,016             70,505               21.7% TV Cable 1,651,405           801,411               1,525,625             747,546                1,678,736          818,465            709,911             (108,555)           ‐13.3% Telephone 866,519                461,737               830,975                  390,391                692,674               347,716            463,489             115,773            33.3% Cellular Phone 1,481,298           729,666               1,159,489             688,045                1,551,630          832,996            368,522             (464,474)           ‐55.8% City Utilities 4,840,530           2,329,234          4,925,046             2,384,357            4,500,000          2,172,033       2,433,405         261,372            12.0% Utility Tax Audit ‐                            ‐                           ‐                              ‐                            ‐                           ‐                        ‐                         ‐                        0.0% Leasehold Excise  Tax 173,396                88,358                  189,427                  89,479                   179,000               87,737               85,775                (1,961)                 ‐2.2% Gambling Excise  Tax 2,695,368           1,302,980          2,831,045             1,462,496            2,000,000          1,000,821       1,420,296         419,475            41.9% Real Estate Excise  Tax 4,343,502           3,593,502          6,402,591             3,007,467            4,000,000          832,875            2,570,409         1,737,534        208.6% Less: CIP REET (3,593,502)          (3,593,502)         (3,007,467)            (3,007,467)          (1,373,000)         (832,875)          (892,303)            (59,427)              7.1% EMS Levy ‐                            ‐                           ‐                              ‐                            ‐                           ‐                        ‐                         ‐                        0.0% B&O Taxes 9,633,034           6,206,803          10,689,216          8,178,959            8,000,000          5,590,959       7,209,626         1,618,667        29.0% Less: CIP B&O Taxes (2,473,974)          (2,473,974)         (1,379,314)            ‐                            (2,000,000)         (1,000,000)      ‐                         1,000,000        ‐100.0% Business License Fees 1,480,730           760,349               1,037,650             924,419                695,455               443,996            861,375             417,379            94.0% Less: CIP Business License Fees (614,796)              (343,055)             (356,629)                (354,096)               ‐                           ‐                        ‐                         ‐                        0.0% Animal  Licenses and Spec Events  Permits 140,391                53,664                  119,901                  64,727                   94,174                  48,984               66,610                17,626               36.0% Building Permits & Development Svc Fees 4,907,983           2,616,096          4,650,227             2,388,253            5,223,637          2,734,634       2,276,900         (457,734)           ‐16.7% Intergovt'l (Grants, State Shared, etc) 4,285,806           1,828,879          4,232,288             2,003,629            4,485,900          1,954,761       2,059,906         105,145            5.4% Fire  District 25 and 40 Contracts 341,939                170,969               357,660                  178,830                372,059               186,030            186,030             ‐                        0.0% Public Safety 837,728                450,424               1,208,422             589,215                840,835               427,224            539,560             112,336            26.3% Culture and Recreation 1,722,323           568,713               1,509,375             589,625                1,829,714          655,825            499,068             (156,757)           ‐23.9% Interfund/Interdept‐Services 3,916,334           2,014,975          3,900,407             2,047,008            4,794,617          2,397,309       2,081,155         (316,154)           ‐13.2% Fines  and Penalties 822,450                355,552               810,152                  362,599                976,345               417,372            336,941             (80,431)              ‐19.3% Photo Enforcement 2,124,399           984,006               3,463,040             919,958                3,431,405          1,169,278       1,911,604         742,326            63.5% Seizure Funds  ‐ Federal/State/Local 176,503                159,974               349,134                  245,561                ‐                           ‐                        43,600                43,600               100.0% Interests  and Other Earnings 1,155,371           411,971               1,189,995             523,111                830,000               330,915            671,918             341,003            103.0% Rents, Leases, and Concessions 634,897                339,656               673,666                  359,568                572,695               306,016            385,944             79,928               26.1% Contributions and Donations 177,919                78,808                  197,221                  62,625                   147,970               55,787               109,723             53,937               96.7% Other Miscellaneous 954,680                452,807               708,728                  359,041                748,987               371,493            586,184             214,690            57.8% Other Financing Sources  (Transfer ‐In, etc) 283,213                94,981                  (139,213)                13,000                   1,356,692          99,637               99,637                ‐                        0.0% Total Operating Revenues 109,530,146     54,429,132       110,339,607       57,592,687         106,681,205    52,494,421    58,386,923      5,892,502        11.2% OPERATING EXPENDITURES Council 362,101                187,856               377,512                  191,630                414,410               212,629            186,293             26,336               12.4% Executive 1,954,748           963,928               2,073,371             1,019,144            2,353,009          1,158,404       1,229,299         (70,896)              ‐6.1% Emergency Management 569,333                267,919               590,655                  290,880                703,487               338,890            282,489             56,400               16.6% City Attorney 2,088,718           1,038,696          2,216,692             1,097,367            2,393,230          1,187,364       1,149,146         38,218               3.2% Court Services 2,174,217           1,072,725          2,222,633             1,124,445            2,646,159          1,322,325       1,181,156         141,169            10.7% Community and Eco Dvlpmnt Admin 1,351,830           669,673               1,347,568             673,328                1,507,929          750,223            714,754             35,469               4.7% Development Services 3,023,728           1,542,242          3,032,130             1,444,178            3,485,932          1,719,072       1,546,303         172,770            10.1% Economic Development 949,467                435,487               833,055                  347,114                1,822,045          799,953            435,237             364,716            45.6% Planning 2,815,148           1,353,531          3,022,122             1,462,823            3,463,993          1,671,301       1,474,282         197,018            11.8% Finance 3,132,609           1,301,674          3,427,262             1,409,917            3,606,382          1,490,735       1,478,970         11,765               0.8% City Clerk 1,119,376           606,380               1,274,941             765,641                1,341,087          768,486            729,962             38,525               5.0% Human Resources 1,221,841           592,817               1,268,733             621,117                1,544,649          752,880            691,958             60,922               8.1% Police 30,987,047        14,779,090       33,764,563          15,856,823         36,861,840       17,441,343    17,287,443      153,900            0.9% Jail Services 4,807,443           2,402,991          5,970,673             2,986,365            6,239,267          2,883,025       2,883,025         ‐                        0.0% Community Services Admin 554,951                254,219               510,454                  262,197                568,806               275,708            267,823             7,885                  2.9% Parks & Trails 4,926,587           2,180,299          5,026,203             2,281,271            5,480,077          2,459,393       2,434,389         25,004               1.0% Parks Planning & Natural  Resources 1,059,058           461,775               1,114,153             491,882                2,495,194          1,094,951       675,357             419,593            38.3% Recreation & Neighborhoods 6,152,644           2,670,945          6,280,121             2,669,728            6,433,402          2,766,344       2,823,661         (57,317)              ‐2.1% Human Services 1,634,387           584,702               1,421,280             616,401                1,382,752          543,524            617,572             (74,048)              ‐13.6% Museum 235,712                115,602               245,590                  122,512                252,298               124,819            127,713             (2,894)                 ‐2.3% Public Works  Admin 406,781                203,650               417,786                  210,071                425,954               213,719            212,956             764                       0.4% Street Maintenance 5,603,141           2,877,748          5,676,989             2,712,839            5,894,373          2,921,332       2,831,686         89,646               3.1% Transportation 5,368,887           2,511,785          5,550,779             2,699,517            6,194,559          2,956,292       2,899,864         56,428               1.9% Debt Service 6,063,576           859,786               5,696,184             777,530                6,793,668          713,334            713,334             ‐                        0.0% Non‐Departmental and Other 14,245,763        1,617,036          4,064,656             1,539,841            6,053,738          1,571,499       1,571,499         ‐                        0.0% Total Operating Expenditures 102,809,093     41,552,555       97,426,104          43,674,562         110,358,241    48,137,543    46,446,171      1,691,372        3.5% Total Ending Fund Balance 33,284,838$     39,440,362$    46,198,341$       47,202,963$      39,126,181$    47,160,095$ 58,139,093$   10,978,998$  23.3% Summary of Sources and Uses Annual Actual YTD Actual Favorable  (Unfavorable) 2017 2018 2019 Variance Annual Actual YTD Actual Annual Budget YTD Budget YTD Actual   Monthly Financial Report June 2019 City of Renton, Washington Page 1 of 15 Monthly Financial Report June 2019      OVERVIEW  This financial overview reflects the City’s overall financial position for the fiscal year through June 30, 2019.  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, real estate excise, and business & occupation  taxes represents 76% of all resources supporting general governmental activities.   The following section provides detail  information on property, sales, utility, and other taxes.      Property Tax    Current Month Actual: $66K  YTD Actual: $11.1M  Budgeted YTD: $11M  Prior Year Same Month: $109K  Prior Year YTD: $10.2M  Year‐to‐Year Variance: $878K,  9%  Actual‐to‐Budget YTD Variance:  $110K, 1%    The total property tax levy is  $878K more in 2019, which is  why the year‐to‐year  comparison should skew higher  across the board in 2019.         Sales Tax    Current Month Actual: $2.1M  YTD Actual: $13.6M  Budgeted YTD: $13.4M  Prior Year Same Month: $2M  Prior Year YTD: $13.7M  Year‐to‐Year Monthly Variance:  $63K, 3%  Year‐to‐Year YTD Variance:             ‐$116K, ‐1%  Actual‐to‐Budget Monthly  Variance: ‐$45K, 2%  Actual‐to‐Budget YTD Variance:  $171K, 1%    New Construction, Auto Sales,  Manufacturing, and Service are the sectors generating and collecting more than anticipated.  The City is projecting sales tax  revenues to be $27.9M by the end of the year.  2019’s monthly budgets are generally based on 2014 through 2018  collections.  2018 2019 2019 Actual Budget Actual $ % $ % Jan 2,217,949$     2,172,405$     2,260,685$     42,736$            2% 88,280$            4% Feb 2,839,044        2,602,634        2,758,295        (80,749)               ‐3% 155,661            6% Mar 2,099,180        2,064,301        2,066,530        (32,650)               ‐2% 2,229                  0% Apr 2,009,648        2,008,608        1,946,020        (63,628)               ‐3% (62,588)               ‐3% May 2,506,478        2,429,497        2,461,963        (44,515)               ‐2% 32,466               1% Jun 1,997,751        2,105,242        2,060,512        62,761               3% (44,730)               ‐2% Jul 2,385,665        2,245,590         ‐                         Aug 2,573,863        2,475,019        ‐                         Sep 2,671,784        2,358,468        ‐                         Oct 2,438,390        2,413,738        ‐                         Nov 2,385,700        2,491,359        ‐                         Dec 2,303,183        2,317,209        ‐                         YTD  Total 13,670,050$  13,382,686$  13,554,004$  (116,046)$        ‐1% 171,318$         1% Annual  Total 28,428,635$  27,684,069$   2019 vs. Budget2019 vs. 2018 Month Year to Date through June Local Retail Sales  Tax  Revenues 2018 2019 2019 Actual Budget Actual $ % $ % Jan (12,745)$           20,344$            39,879$            52,624$             ‐413% 19,535$            96% Feb 106,364            143,793            192,217            85,853               81% 48,425               34% Mar 665,471            747,539            764,729            99,258               15% 17,190               2% Apr 6,908,633        6,645,895        7,158,264        249,631            4% 512,369            8% May 2,419,925        3,293,120        2,852,933        433,008            18% (440,187)            ‐13% Jun 108,842            113,280            66,419               (42,423)               ‐39% (46,861)               ‐41% Jul 90,072               76,102                Aug 84,185               88,428                Sep 196,536            304,667             Oct 7,077,878        5,307,469         Nov 1,742,104        4,039,744         Dec 76,196               104,875             YTD  Total 10,196,490$  10,963,970$  11,074,441$  877,950$         9% 110,470$         1% Annual  Total 19,463,461$  20,885,254$   Property Tax  Revenues Year to Date through June 2019 vs. 2018 2019 vs. Budget Month City of Renton, Washington Page 2 of 15 Monthly Financial Report June 2019      The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business  sectors:  Sales  Tax  by Sector 2018 2019 Bgt YTD Act Change 2019/2018 2019 Act  vs  Bgt New Construction 2,240,082$     1,879,039$     1,950,817$     (289,265)$         ‐13%$           71,778 4% Auto  Sales 2,449,161        2,485,904        2,525,493        76,332                3%              39,588 2% General  Retail 3,829,326        3,929,093        3,917,763        88,437                2%            (11,330) 0% Manufacturing 850,899            967,397            1,008,096        157,197             18%              40,699 4% Wholesale 665,326            681,600            693,989            28,663                4%              12,389 2% Service 3,296,992        3,094,757        3,136,976        (160,016)           ‐5%              42,219 1% Other 338,264            344,896            320,871            (17,393)               ‐5%            (24,025)‐7% YTD  Total 13,670,050$  13,382,686$  13,554,004$  (116,046)$        ‐1%171,318$        1% Note: Excludes  Annexation Credit and Criminal Justice Sales  Tax revenue.       Utility tax     Current Month Actual: $1.2M  YTD Actual: $8.2M  Budgeted YTD: $8.6M  Prior Year Same Month: $1.3M  Prior Year YTD: $8.7M  Year‐to‐Year Monthly Variance:  ‐$69K, ‐5%  Year‐to‐Year YTD Variance:             ‐$491K, ‐6%  Actual‐to‐Budget Monthly  Variance: ‐$82K, ‐6%  Actual‐to‐Budget YTD Variance:  ‐$328K, ‐4%    The large variance with budget  and prior year is mainly due to lower taxable reported activity for Cellular.  The City is projecting utility tax revenues to be  about $15.6M by the end of the year.  The monthly budgets are based on 2017/2018 activity.  The table below breaks out  Utility Tax by source.    Utility Tax  by Type 2018 2019 Bgt YTD Act Change 2019/2018  2019 Act  vs  Bgt  Electrical 3,092,739$     3,011,946$     2,843,902$     (248,837)$         ‐8%$      (168,044)‐6% Natural  Gas 1,075,213        1,069,207        1,034,600        (40,613)               ‐4%            (34,607)‐3% Cell 688,045            832,996            368,522            (319,523)            ‐46%         (464,474)‐56% Phone 390,391            347,716            463,489            73,099                19%           115,773 33% Cable 747,546            818,465            709,911            (37,635)               ‐5%         (108,555)‐13% Garbage/Solid Waste 362,153            325,511            396,016            33,863                9%              70,505 22% City Utilities 2,384,357        2,172,033        2,433,405        49,048                2%           261,372 12% Utility Tax  Audit ‐                              ‐                              ‐                              ‐                               N/A                              ‐ N/A YTD Total 8,740,443$     8,577,875$     8,249,845$     (490,598)$        ‐6%(328,031)$       ‐4% Annual Total 16,365,034$  16,242,153$   YTD as % of 53% 53%      2018 2019 2019 Actual Budget Actual $ % $ % Jan 1,395,386$     1,514,363$     1,256,646$     (138,740)$         ‐10% (257,717)$         ‐17% Feb 1,617,972        1,429,503        1,372,784        (245,188)            ‐15% (56,719)               ‐4% Mar 1,579,191        1,362,194        786,486            (792,705)            ‐50% (575,709)            ‐42% Apr 1,463,336        1,583,918        2,313,810        850,474            58% 729,892            46% May 1,414,956        1,405,448        1,319,389        (95,567)               ‐7% (86,059)               ‐6% Jun 1,269,602        1,282,448        1,200,729        (68,873)               ‐5% (81,719)               ‐6% Jul 1,398,960        1,415,513         Aug 1,203,168        1,166,791         Sep 1,197,617        1,195,903         Oct 1,292,218        1,336,595         Nov 1,083,283        1,141,066         Dec 1,449,344        1,408,409         YTD  Total 8,740,443$     8,577,875$     8,249,845$     (490,598)$        ‐6% (328,031)$        ‐4% Annual  Total 16,365,034$  16,242,153$   2019 vs. Budget2019 vs. 2018 Year to Date through June Utility Tax  Revenues Month City of Renton, Washington Page 3 of 15 Monthly Financial Report June 2019      Other Taxes     Real Estate Excise Tax    Current Month Actual: $444K  YTD Actual: $2.6M  Budgeted YTD: $833K  Prior Year Same Month: $497K  Prior Year YTD: $3M  Year‐to‐Year Monthly Variance:  ‐$53K, ‐11%  Year‐to‐Year YTD Variance:             ‐$437K, ‐15%  Actual‐to‐Budget Monthly  Variance: $287K, 183%  Actual‐to‐Budget YTD Variance:  $1.7M, 209%    REET collections through June  are behind 2018 figures but  much higher than budgeted expectations.  The City is projecting REET to be about $4.8M at the end of the year.        Gambling Tax    Current Month Actual: $282K  YTD Actual: $1.4M  Budgeted YTD: $1M  Prior Year Same Month: $253K  Prior Year YTD: $1.5M  Year‐to‐Year Monthly Variance:  $30K, 12%  Year‐to‐Year YTD Variance:             ‐$42K, ‐3%  Actual‐to‐Budget Monthly  Variance: $107K, 61%  Actual‐to‐Budget YTD Variance:  $419K, 42%    Gambling tax revenue is slightly  behind 2018 but is above budget.  The City is projecting gambling tax revenues to be about $2.8M at the end of the year.       2018 2019 2019 Actual Budget Actual $ % $ % Jan 840,316$         235,792$         748,462$         (91,854)$            ‐11% 512,671$         217% Feb 366,011            88,705               219,686            (146,325)            ‐40% 130,981            148% Mar 291,045            126,164            272,006            (19,039)               ‐7% 145,842            116% Apr 405,746            99,837               430,070            24,323               6% 330,232            331% May 607,431            125,357            456,154            (151,277)            ‐25% 330,797            264% Jun 496,917            157,020            444,031            (52,887)               ‐11% 287,011            183% Jul 846,631            181,410             Aug 406,944            136,185             Sep 451,349            285,331             Oct 1,716,905        1,133,509         Nov 976,580            716,731             Dec 409,249            713,958             YTD  Total 3,007,467$     832,875$         2,570,409$     (437,058)$        ‐15% 1,737,534$     209% Annual  Total 7,815,124$     4,000,000$      *Total REET (GF & CIP) Month 2019 vs. Budget2019 vs. 2018 Real Estate Excise  Tax  (REET) Revenues* Year to Date through June 2018 2019 2019 Actual Budget Actual $ % $ % Jan 210,929$         156,146$         83,278$            (127,651)$         ‐61% (72,869)$            ‐47% Feb 255,285            164,992            244,652            (10,633)               ‐4% 79,660               48% Mar 245,283            154,213            283,007            37,724               15% 128,795            84% Apr 275,795            179,219            259,539            (16,256)               ‐6% 80,321               45% May 222,540            170,531            267,414            44,874               20% 96,883               57% Jun 252,663            175,721            282,406            29,743               12% 106,686            61% Jul 255,351            175,771             ‐                         Aug 226,388            160,458            ‐                         Sep 75,748               101,653            ‐                         Oct 222,034            158,206            ‐                         Nov 228,862            176,826            ‐                         Dec 360,166            226,264            ‐                         YTD  Total 1,462,496$     1,000,821$     1,420,296$     (42,200)$           ‐3% 419,475$         42% Annual  Total 2,831,045$     2,000,000$      2019 vs. 2018 Gambling Tax  Revenue Month Year to Date through June 2019 vs. Budget City of Renton, Washington Page 4 of 15 Monthly Financial Report June 2019      Franchise Fees    Current Month Actual: $14K  YTD Actual: $761K  Budgeted YTD: $784K  Prior Year Same Month: $1K  Prior Year YTD: $783K  Year‐to‐Year Monthly  Variance: $13K, 1271K%  Year‐to‐Year YTD Variance:          ‐$22K, ‐3%  Actual‐to‐Budget Monthly  Variance: $3K, 29K%  Actual‐to‐Budget YTD  Variance: ‐$23K, ‐3%    The City is projecting franchise fees to be a slightly under $1.5M at the end of the year.      Admission Tax     Current Month Actual: $0  YTD Actual: $88K  Budgeted YTD: $133K  Prior Year Same Month: $0  Prior Year YTD: $115K  Year‐to‐Year YTD Variance:          ‐$26K, 23%  Actual‐to‐Budget YTD  Variance: ‐$44K, ‐34%    The City is projecting  admissions tax revenues to be  around $166K by the end of  the year.      Business & Occupation Tax    Current Month Actual: $11K  YTD Actual: $7.2M  Budgeted YTD: $5.6M  Prior Year Same Month: $173K  Prior Year YTD: $8.2M  Year‐to‐Year Monthly  Variance: ‐$161K, ‐93%  Year‐to‐Year YTD Variance:          ‐$969K, ‐12%  Actual‐to‐Budget Monthly  Variance: ‐$136K, ‐92%  Actual‐to‐Budget YTD  Variance: $1.6M, 29%    The City is projecting B&O  taxes to be around $10M by the end of the year.    2018 2019 2019 Actual Budget Actual $ % $ % Jan 371,458$         373,958$         36,388$            (335,070)$         ‐90% (337,569)$         ‐90% Feb 16,600               11,383               342,814            326,214            1965% 331,431            2912% Mar 15,792               12,373               26,075               10,283               65% 13,702               111% Apr 37,420               202,329            321,069            283,649            758% 118,739            59% May 340,622            173,133            20,400               (320,222)           ‐94% (152,733)           ‐88% Jun 1,050                  11,122               14,400               13,350               1271% 3,278                  29% Jul 344,386            341,360            ‐                         Aug 15,193               11,379               ‐                         Sep ‐                        4,349                  ‐                         Oct 346,194            358,545            ‐                         Nov 11,200               10,786               ‐                         Dec 9,000                  15,782               ‐                         YTD  Total 782,942$         784,298$         761,146$         (21,796)$           ‐3% (23,152)$           ‐3% Annual Total 1,508,915$     1,526,500$      Franchise  Fees  Revenue Year  to Date through June Month 2019 vs. 2018 2019 vs. Budget 2018 2019 2019 Actual Budget Actual $ % $ % Jan 56,598$            65,388$            8$                          (56,590)$            ‐100% (65,380)$            ‐100% Feb 1,473                  2,374                  48,782               47,309               3212% 46,407               1954% Mar 112                       62                          ‐                         Apr 54,560               63,040               37,923               (16,637)               ‐30% (25,118)               ‐40% May 1,911                  1,778                  1,395                  (516)                      ‐27% (383)                      ‐22% Jun ‐                        438                       ‐                         Jul ‐                        28,454               ‐                         Aug 62,959               35,964               ‐                         Sep ‐                        ‐                        ‐                         Oct 46,297               26,750               ‐                         Nov 1,556                  867                       ‐                         Dec ‐                        24,884               ‐                         YTD  Total 114,654$         133,080$         88,107$            (26,434)$            ‐23% (44,473)$            ‐34% Annual Total 225,466$         250,000$          2019 vs. Budget Admission Tax  Revenue Year  to Date through June Month 2019 vs. 2018 2018 2019 2019 Actual Budget Actual $ % $ % Jan 1,301,574$     1,130,591$     919,391$         (382,183)$         ‐29% (211,200)$         ‐19% Feb 1,013,630        618,964            1,317,771        304,141            30% 698,807            113% Mar 48,278               77,099               105,983            57,705               120% 28,884               37% Apr 5,430,049        3,447,959        583,109            (4,846,940)       ‐89% (2,864,850)       ‐83% May 212,741            169,415            4,272,007        4,059,266        1908% 4,102,593        2422% Jun 172,687            146,931            11,365               (161,321)           ‐93% (135,566)           ‐92% Jul 840,839            871,974            ‐                         Aug 451,217            303,274            ‐                         Sep 12,193               56,844               ‐                         Oct 572,637            721,429            ‐                         Nov 632,346            404,944            ‐                         Dec 1,026                  50,576               ‐                         YTD  Total 8,178,959$     5,590,959$     7,209,626$     (969,332)$        ‐12% 1,618,667$     29% Annual Total 10,689,216$  8,000,000$      *Total Business & Occupation Taxes (GF & CIP) Business & Occupation Taxes  (B&O)* Year  to Date through June Month 2019 vs. 2018 2019 vs. Budget City of Renton, Washington Page 5 of 15 Monthly Financial Report June 2019      Licenses and Permits    Business Licenses    Current Month Actual: $22K  YTD Actual: $861K  Budgeted YTD: $444K  Prior Year Same Month: $31K  Prior Year YTD: $924K  Year‐to‐Year Monthly Variance:  ‐$9K, ‐29%  Year‐to‐Year YTD Variance:             ‐$63K, ‐7%  Actual‐to‐Budget Monthly  Variance: $1K, 5%  Actual‐to‐Budget YTD Variance:  $417K, 94%    The variance with the prior year  is mostly due to late filings and  payments associated with the business renewal process.   The City is projecting business license fees to be very close to  $1M by the end of the year.      Building Permits and  Development Service Fees    Current Month Actual: $474K  YTD Actual: $2.3M  Budgeted YTD: $2.7M  Prior Year Same Month: $364K  Prior Year YTD: $2.4M  Year‐to‐Year Monthly Variance:  $110K, 30%  Year‐to‐Year YTD Variance:             ‐$111K, ‐5%  Actual‐to‐Budget Monthly  Variance: ‐$59K, ‐11%  Actual‐to‐Budget YTD Variance:  ‐$458K, ‐17%    The City is projecting building permits and development services fees to be $4.4M by the end of the year.      Intergovernmental  These revenue  sources include  federal (direct and  indirect) grants, state  grants, state shared  revenues, local  grants, and  entitlements.  State  shared revenues 92%  2018 2019 2019 Actual Budget Actual $ % $ % Jan 574,453$         189,046            281,106$         (293,347)$         ‐51% 92,060$            49% Feb 208,947            92,184               348,391            139,444            67% 256,207            278% Mar 41,777               27,476               115,148            73,371               176% 87,672               319% Apr 34,897               62,914               60,577               25,679               74% (2,337)                  ‐4% May 33,623               51,500               34,260               637                       2% (17,240)               ‐33% Jun 30,721               20,877               21,894               (8,828)                  ‐29% 1,017                  5% Jul 16,354               64,859               ‐                         Aug 15,778               38,094               ‐                         Sep 8,889                  20,772               ‐                         Oct 10,260               57,560               ‐                         Nov 7,950                  29,374               ‐                         Dec 54,000               40,800               ‐                         YTD  Total 924,419$         443,996$         861,375$         (63,043)$           ‐7% 417,379$         94% Annual  Total 1,037,650$     695,455$          *Total Business License (GF & CIP) Business Licenses* Month 2019 vs. 2018 Year to Date through June 2019 vs. Budget 2018 2019 2019 Actual Budget Actual $ % $ % Jan 314,626$         388,426$         317,466$         2,839$               1% (70,960)$            ‐18% Feb 280,745            304,673            397,742            116,997            42% 93,069               31% Mar 588,527            598,844            338,320            (250,207)            ‐43% (260,524)            ‐44% Apr 403,892            365,844            348,901            (54,991)               ‐14% (16,943)               ‐5% May 436,943            544,326            400,592            (36,351)               ‐8% (143,734)            ‐26% Jun 363,521            532,521            473,880            110,359            30% (58,641)               ‐11% Jul 484,920            410,225             Aug 411,236            463,122             Sep 342,301            431,287             Oct 453,317            430,456             Nov 297,467            423,510             Dec 272,733            330,035             YTD  Total 2,388,253$     2,734,634$     2,276,900$     (111,353)$        ‐5% (457,734)$        ‐17% Annual  Total 4,650,227$     5,223,637$      Building Permits  and Development Service Fees Year to Date through June 2019 vs. Budget2019 vs. 2018 Month Intergovernmental 2018 2019 Bgt YTD  Act Change 2019/2018  2019 Act  vs  Bgt  Fire  District #25 ‐$                            ‐$                            ‐$                            ‐$                            N/A  $                          ‐ N/A Fire  District #40 178,830            186,030            186,030            7,200                   4%‐                            0% State  Shared Revenue 3,256,357        2,971,267        3,295,481        39,124                1% 324,214           11% Federal  Grants 56,404               89,778               46,128               (10,277)               ‐18% (43,651)             ‐49% State  Grants 22,679               21,596               21,596               (1,083)                  ‐5%‐                            0% Other Grants/Intgovt 128,738            245,854            246,125            117,387             91%271                     0% ARRA Grants ‐                              ‐                              ‐                              ‐                               N/A ‐                            N/A Total  Rev YTD 3,643,008$     3,514,524$     3,795,359$     152,351$          4%280,834$        8% Total  Rev Annual 7,680,968$     7,744,703$      YTD  %47% 45% 49% Note:  Includes  CJ Sales  Tax  and FD25  & FD40 contracts City of Renton, Washington Page 6 of 15 Monthly Financial Report June 2019      of the total revenues in this category. The year‐to‐date total Intergovernmental revenue is $3.8M or 49% of the budget.       State Shared  Revenues    YTD Total: $3.3M  Year‐to‐Year YTD  Variance: $39K, 1%  Actual‐to‐Budget YTD  Variance: $324K, 11%    The higher than  expected collection is  due to collecting  more than  anticipated Criminal  Justice’s Sales Tax and  marijuana enforcement.  The City is projecting state shared revenues to be $6.7M at the end of the year.      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  59% of the total revenue in this category.  The year‐to‐date total charges for services are $4.4M or 46% of the budget.  The  following sections provide detail information for Public Safety, Recreation, and Interfund Services.      Public Safety Services    YTD Total: $540K  Year‐to‐Year YTD Variance:             ‐$50K, ‐8%  Actual‐to‐Budget YTD Variance:  $112K, 26%    The city is projecting public  safety service revenues to be  $1.1M by the end of the year.            2018 2019 2019 Actual Budget Actual $ % $ % Crim Just Sales  Tax 1,460,549$     1,373,734$     1,549,423$     88,874$            6% 175,689$         13% Judicial Contribution 5,517                  2,815                  10,830               5,313                  96% 8,015                  285% Crim Just ‐ High Crime 136,534            134,686            147,980            11,447               8% 13,294               10% Crim Just ‐ Pop 14,555               12,090               15,185               630                       4% 3,095                  26% Crim Just ‐ Spec Prog 52,729               54,012               54,774               2,045                  4% 763                       1% State  DUI 7,592                  8,917                  7,571                  (21)                        0% (1,346)                  ‐15% Marijuana  Distribution 161,067            ‐                        105,527            (55,540)               ‐34% 105,527            100% Liquor Profits 425,526            425,085            424,360            (1,166)                 0% (725)                     0% Liquor Excise  Tax 259,876            246,897            285,257            25,381               10% 38,360               16% Fuel Tax 732,412            713,031            694,573            (37,839)              ‐5% (18,458)              ‐3% YTD Total 3,256,357$     2,971,267$     3,295,481$     39,124$            1% 324,214$         11% Annual  Total 6,710,599$     6,182,479$      2019 vs. Budget State  Shared Revenues 2019 vs. 2018 Revenue Year  to Date through June 2018 2019 2019 Actual Budget Actual $ % $ % Jan 224,932$         118,906$         68,958$            (155,975)$         ‐69% (49,949)$            ‐42% Feb 60,888               53,255               132,287            71,398               117% 79,032               148% Mar 82,789               95,130               82,273               (515)                      ‐1% (12,856)               ‐14% Apr 58,572               49,301               106,334            47,762               82% 57,034               116% May 77,233               57,962               64,065               (13,169)               ‐17% 6,103                  11% Jun 84,800               52,671               85,644               844                       1% 32,973               63% Jul 92,695               62,686                ‐                         Aug 50,236               44,525                ‐                         Sep 78,189               54,283                ‐                         Oct 187,194            98,316               ‐                         Nov 68,008               59,896               ‐                         Dec 142,886            93,904               ‐                         YTD  Total 589,215$         427,224$         539,560$         (49,655)$           ‐8% 112,336$         26% Annual  Total 1,208,422$     840,835$          Year to Date through June Public Safety Services 2019 vs. 2018 2019 vs. Budget Month City of Renton, Washington Page 7 of 15 Monthly Financial Report June 2019      Recreation    Current Month Actual: $84K  YTD Total: $499K  Budgeted YTD: $656K  Prior Year Same Month: $191K  Prior Year YTD Total: $590K  Year‐to‐Year Monthly Variance:  ‐$107K, ‐56%  Year‐to‐Year YTD Variance:             ‐$91K, ‐15%  Actual‐to‐Budget Monthly  Variance: ‐$111K, ‐57%  Actual‐to‐Budget YTD Variance:  ‐$157K, ‐24%    The new recreation software,  PerfectMind, follows GAAP revenue recognition principles where revenue is not recognized until the service is performed,  whereas the previous software recognized all revenue at the date of the transaction.  As a result, actual revenue for 2019  will likely lag behind 2018 amounts as revenue for course programming will not fully be recognized until each session of the  program occurs.  The City is projecting recreation revenues to be under budget by the end of the year.      Interfund Services    YTD Total: $335K  Year‐to‐Year YTD Variance:  $34K, 2%  Actual‐to‐Budget YTD Variance:  ‐$316K, ‐13%    2019’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.  The City of projecting  interfund service revenues to be $4.2M at year‐end.        2018 2019 2019 Actual Budget Actual $ % $ % Jan 138,388$         164,609$         63,819$            (74,569)$            ‐54% (100,790)$        ‐61% Feb 51,694               51,039               81,045               29,351               57% 30,006               59% Mar 55,300               68,349               97,206               41,907               76% 28,858               42% Apr 70,321               82,168               75,539               5,219                  7% (6,628)                  ‐8% May 82,814               94,662               97,107               14,293               17% 2,445                  3% Jun 191,108            194,998            84,351               (106,757)           ‐56% (110,647)           ‐57% Jul 419,790            510,833            ‐                         Aug 313,627            394,016            ‐                         Sep 76,421               119,972            ‐                         Oct 72,092               68,624               ‐                         Nov 37,924               54,491               ‐                         Dec (104)                     25,954               ‐                         YTD  Total 589,625$         655,825$         499,068$         (90,557)$            ‐15% (156,757)$        ‐24% Annual  Total 1,509,375$     1,829,714$      Recreation Year to Date through June 2019 vs. Budget2019 vs. 2018 Month 2018 2019 2019 Actual Budget Actual $ % $ % Jan 341,804$         399,551$         355,266$         13,461$            4% (44,286)$            ‐11% Feb 344,339            399,551            340,799            (3,540)                  ‐1% (58,752)               ‐15% Mar 378,470            399,551            341,533            (36,937)               ‐10% (58,018)               ‐15% Apr 332,894            399,551            365,875            32,981               10% (33,677)               ‐8% May 328,765            399,551            342,950            14,185               4% (56,601)               ‐14% Jun 320,735            399,551            334,732            13,996               4% (64,820)               ‐16% Jul 236,427            399,551             ‐                         Aug 313,949            399,551             ‐                         Sep 314,193            399,551             ‐                         Oct 330,901            399,551            ‐                         Nov 332,981            399,551            ‐                         Dec 324,948            399,551            ‐                         YTD  Total 2,047,008$     2,397,309$     2,081,155$     34,147$            2% (316,154)$        ‐13% Annual  Total 3,900,407$     4,794,617$      Interfund Services Year to Date through June 2019 vs. 2018 2019 vs. Budget Month City of Renton, Washington Page 8 of 15 Monthly Financial Report June 2019      Fines and Penalties    YTD Total: $2.2M  Year‐to‐Year YTD Variance:  $966K, 75%  Actual‐to‐Budget YTD Variance:  $662K, 42%    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 City is projecting  fines and penalties to be close  to $5M by the end of the year.    Year  to Date through June 2018 2019 2019 Actual Budget Actual $ % $ % Civil Penalties 704$                    980$                    547$                    (156)$                   ‐22% (432)$                   ‐44% Civil Infraction Penalties 150,562            148,473            127,061            (23,501)               ‐16% (21,413)               ‐14% Civil Parking Infraction Penalties 77,286               123,271            73,176               (4,110)                  ‐5% (50,095)               ‐41% Photo Enforcement Program 919,958            1,169,278        1,911,604        991,646            108% 742,326            63% Criminal Traffic  Misdemeanor Fines 34,952               35,587               27,769               (7,183)                  ‐21% (7,817)                  ‐22% Criminal Non‐Traffic  Fines 39,892               16,075               48,579               8,686                  22% 32,504               202% Criminal Costs 41,988               11,072               41,672               (316)                      ‐1% 30,600               276% Non‐Court Fines, Forfeitures and Penalties 17,216               81,913               18,136               920                       5% (63,777)               ‐78% YTD  Total 1,282,558$     1,586,650$     2,248,545$     965,987$         75% 661,895$         42% Annual Total 4,273,192$     4,407,750$      Revenue 2019 vs. Budget Fines  and Penalties by Type 2019 vs. 2018       Included in the Fines and Penalties annual  revenue budget is $3.4M from the Photo  Enforcement program.  The monthly budget  is based on the prior year’s revenue.  The  year‐to‐date collections from this program  equates to $1.9M      The associated costs includes the equipment  provided by American Traffic Solutions, Inc.  (ATS), dedicated 2 FTE in the Court Services  Department to process the increased  caseload.  This staff time, along with a 50%  pro tem budget and interpreter costs  amounts to $334K for personnel costs.  The  total costs for the program equates to  $1.5M which is represented in the table.   June’s invoice (May activity) will be posted in  July/August.        2018 2019 2019 Actual Budget Actual $ % $ % Jan 141,625$         178,864$         218,190$         76,565$            54% 39,326$            22% Feb 224,814            265,241            341,345            116,531            52% 76,104               29% Mar 312,111            309,356            555,275            243,163            78% 245,919            79% Apr 137,934            229,161            445,418            307,484            223% 216,257            94% May 230,762            278,733            286,975            56,213               24% 8,242                  3% Jun 235,311            325,296            401,342            166,031            71% 76,046               23% Jul 451,443            428,149             Aug 624,200            550,932             Sep 461,645            419,044             Oct 582,058            530,312             Nov 465,852            432,399             Dec 405,436            460,264             YTD Total 1,282,558$     1,586,650$     2,248,545$     965,987$         75% 661,895$         42% Annual  Total 4,273,192$     4,407,750$      2019 vs. Budget2019 vs. 2018 Year to Date through June Fines  and Penalties  by Month Month Favorable 19 Budget 19 Actual 19  Budget 19 Actual (Unfavorable) 1 Jan 162,639$         214,193$         125,844$         28,745$            185,448$          Feb 187,840            285,643            125,844            128,014            157,629             Mar 199,988            399,499            125,844            128,001            271,498             Apr 174,391            387,303            125,844            128,011            259,292             May 212,936            280,350            125,844            128,010            152,340             Jun 231,485            344,616            125,844            28,745               315,871             Jul 349,711             ‐                        125,844             ‐                        ‐                         Aug 442,497            ‐                        125,844            ‐                        ‐                         Sep 341,229            ‐                        125,844            ‐                        ‐                         Oct 439,665            ‐                        125,844            ‐                        ‐                         Nov 354,895            ‐                        125,844            ‐                        ‐                         Dec 334,129            ‐                        125,844            ‐                        ‐                         YTD  Total 1,169,278$     1,911,604$     755,062$         569,526$         1,342,078$      Annual Total 3,431,405$     1,510,123$      1Actuals  of Revenues and Expenses ExpensesRevenues Photo Enforcement Program Year to Date through June Month City of Renton, Washington Page 9 of 15 Monthly Financial Report June 2019      Miscellaneous    YTD Total: $1.4M  Year‐to‐Year YTD Variance:  $53K, 4%  Actual‐to‐Budget YTD Variance:  $536K, 64%    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 table below  shows the primary drivers of  the positive variances for  January.    2018 2019 2019 Actual Budget Actual $ % $ % Interests and Other Earnings 523,111$         330,915$         671,918$         148,807$         28% 341,003$         103% Rents, Leases, and Concessions 359,568            306,016            385,944            26,376               7% 79,928               26% Contributions/Donations from  Private Sources 62,625               55,787               109,723            47,099               75% 53,937               97% Other 133,692            148,818            166,830            33,138               25% 18,012               12% Seizure  Funds ‐ Federal/State/Local 245,561            ‐                        43,600               (201,962)           ‐82% 43,600               100% YTD Total 1,324,557$     841,536$         1,378,014$     53,457$            4% 536,478$         64% Annual Total 2,666,594$     1,805,787$      2019 vs. Budget Miscellaneous Revenues by Type Year  to Date through June Revenue 2019 vs. 2018   2018 2019 2019 Actual Budget Actual $ % $ % Jan 262,690$         224,737$         299,507$         36,817$            14% 74,770$            33% Feb 150,608            105,310            254,172            103,564            69% 148,862            141% Mar 178,170            126,975            195,180            17,010               10% 68,206               54% Apr 152,700            122,387            193,402            40,702               27% 71,015               58% May 386,715            115,748            207,520            (179,195)            ‐46% 91,772               79% Jun 193,674            146,379            228,233            34,559               18% 81,854               56% Jul 221,279            169,055             Aug 275,725            179,979             Sep 164,873            124,092             Oct 200,817            125,836             Nov 174,068            112,093             Dec 305,276            253,195             YTD Total 1,324,557$     841,536$         1,378,014$     53,457$            4% 536,478$         64% Annual  Total 2,666,594$     1,805,787$      Year to Date through June Month 2019 vs. Budget2019 vs. 2018 Miscellaneous Revenues  by Month City of Renton, Washington Page 10 of 15 Monthly Financial Report June 2019      EXPENSES  Overall, the City has expended 42.1% of its budgeted general governmental expenditures at the end of June.  This is $1.7M  or 3.5% below year‐to‐date budgeted expenditures.  Not included in the June financials are the retro pay for represented  employees and approved pay increases (COLA).  These adjustments will be recognized in July (when they were approved).   See below for summary of unfavorable items for general governmental departments.      Executive (includes Emergency Management) is over the year‐to‐date budget by 14K or 1%.  This is in part due to over  spending on professional services ($52K) and underspending on salaries/benefits ($26K) and supplies ($8K).  We will monitor  this to determine if a budget adjustment is needed later in the year.                                                                                      City of Renton, Washington Page 11 of 15 Monthly Financial Report June 2019      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 ‐                 ‐                 ‐                 ‐                 61,025            23,750            ‐                  Grants  / intergovernmental 49,750            ‐                 167,153          ‐                 ‐                 705,990          ‐                  Charges  for services 155,015          943,007          10,083,812     7,718,312       5,384,546       5,846,943       8,552,070        Interdepartmental services ‐                 ‐                 ‐                 ‐                 ‐                 ‐                 ‐                  Fines  and penalties 617                 ‐                 ‐                 ‐                 481                 ‐                 ‐                  Rents, leases, and misc fees 1,310,353       181,239          ‐                 99,863            ‐                 ‐                 ‐                  Interest and other misc 38,501            4,615              16,291            483,995          332,545          205,174          43,755             TOTAL REVENUES 1,554,236       1,128,861       10,267,256     8,302,170       5,778,597       6,781,857       8,595,825        EXPENSES: Utility billing ‐                 ‐                 21,175            82,138            66,466            101,164          ‐                  Utility systems ‐                 ‐                 9,307,904       2,119,874       1,919,861       1,778,616       ‐                  Utility maintenance ‐                 ‐                 193,747          2,885,227       1,071,751       1,561,852       8,434,177        Transportation 959,277          ‐                 ‐                 ‐                 ‐                 ‐                 ‐                  Golf ‐                 1,135,651       ‐                 ‐                 ‐                 ‐                 ‐                  TOTAL EXPENSES 959,277          1,135,651       9,522,826       5,087,239       3,058,078       3,441,632       8,434,177        AMOUNT AVAILABLE FOR DEBT  SERVICE 594,959          (6,790)            744,430          3,214,931       2,720,519       3,340,225       161,648           DEBT SERVICE: Principal ‐                 ‐                 ‐                 345,818          ‐                 ‐                 ‐                  Interest ‐                 ‐                 ‐                 111,973          47,859            316,085          ‐                  TOTAL DEBT SERVICE ‐                 ‐                 ‐                 457,791          47,859            316,085          ‐                  CAPITAL PROJECTS 68,923            14,140            ‐                 1,567,011       1,920,827       1,299,332       ‐                  TRANSFERS IN/(OUT)‐                 ‐                 ‐                 ‐                 27,588            6,378              ‐                  CHANGE IN FUND BALANCE 526,036          (20,930)          744,430          1,190,129       779,421          1,731,186       161,648           BEGINNING FUND BALANCE, Jan 1 4,985,377       110,812          2,276,333       38,002,973     18,879,201     16,356,030     5,512,418        ENDING FUND BALANCE, Jun 30 5,511,413       89,882            3,020,763       39,193,102     19,658,622     18,087,216     5,674,066              City of Renton, Washington Page 12 of 15 Monthly Financial Report June 2019      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 ‐               163,966       ‐               ‐                       ‐               ‐               ‐                Grants  / intergovernmental ‐               ‐               ‐               ‐                       ‐               ‐               35,898          Charges  for services Equipment rental  m&o 1,220,235    2,482,213    ‐               ‐                       ‐               ‐               ‐                Print and mail ‐               ‐               ‐               223,446               ‐               ‐               ‐                Communications ‐               1,462           ‐               328,938               ‐               ‐               ‐                Facilities ‐               ‐               2,158,661    ‐                       ‐               ‐               ‐                Data  cards  and cell  phones ‐               ‐               ‐               ‐                       ‐               ‐               ‐                IT service contracts ‐               ‐               ‐               ‐                       ‐               ‐               ‐                Interest and other misc 43,669         27,515         8,939           4,677                   129,284       30,030         99,666          Internal service fund misc: Vehicle  / equipment capital  recovery 1,462,038    ‐               ‐               ‐                       ‐               ‐               ‐                Insurance premiums ‐               ‐               ‐               ‐                       844,327       ‐               ‐                Worker's  comp/unemployment ‐               ‐               ‐               ‐                       700,451       ‐               ‐                Benefit premiums ‐               ‐               ‐               ‐                       ‐               5,055,917    1,312,340     Other misc 4,405           670              74,127         425                      ‐               507,694       ‐                Interfund Loan ‐               ‐               ‐               ‐                       ‐               ‐               ‐                Capital  contributions ‐               ‐               ‐               ‐                       ‐               ‐               ‐                Disposal  of capital  assets 57,551         ‐               ‐               ‐                       ‐               ‐               ‐                Insurance recoveries ‐               ‐               ‐               ‐                       96,035         ‐               ‐                TOTAL REVENUES 2,787,898    2,675,826    2,241,727    557,486               1,770,097    5,593,641    1,447,904     EXPENSES: Communications 286,692                Equipment rental 1,443,919     Facilities 2,375,263     Healthcare 4,617,808     Information technology 2,578,865     Print and mail 225,100                Retiree  healthcare 367,734        Risk management: Risk management 686,720        Unemployment 22,347          Worker's  compensation 390,265        TOTAL EXPENSES 1,443,919    2,578,865    2,375,263    511,792               1,099,332    4,617,808    367,734        AMOUNT AVAILABLE FOR CAPITAL 1,343,979    96,961         (133,536)      45,694                 670,765       975,833       1,080,170     CAPITAL PROJECTS 991,419       49,222         10,901         ‐                       ‐               ‐               ‐                TRANSFERS IN ‐               37,935         12,389         ‐                       ‐               ‐               ‐                TRANSFERS (OUT)‐               ‐               (5,220)          ‐                       ‐               ‐               ‐                CHANGE IN FUND BALANCE 352,560       85,674         (137,268)      45,694                 670,765       975,833       1,080,170     BEGINNING FUND BALANCE, Jan 1 6,493,018    3,934,408    1,376,859    685,593               18,522,154  4,259,511    13,876,628   ENDING FUND BALANCE, Jun 30 6,845,578    4,020,082    1,239,591    731,287               19,192,919  5,235,344    14,956,798     City of Renton, Washington Page 13 of 15 Monthly Financial Report June 2019      FUND BALANCE  Page 15 shows the ending fund balance as of June 2019.  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 June, the City has $58.1M reported in the combined general governmental fund balance of the current year’s  operating budget, which is approximately 52.7% of budgeted operating expenditures.  This is an increase of $11.9M from the  year’s beginning balance.  June’s ending fund balance is over the anticipated General Governmental Fund Balance of $47.2M  by $11M or 23.3%.  Although the ending fund balance is above projections, it is consistent with the prior years’ trends and  consistent with the forecast (Long Range Plan) that was presented as part of the 2019/2020 Adopted Budget.      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 jhawn@rentonwa.gov.  City of Renton, Washington Page 14 of 15 Monthly Financial Report June 2019      City  of Renton All Funds ‐ Revenue, Expenditures and Fund  Balances Cash  Basis through June 30, 2019 Funds Balance  01/01/2019 Budgeted  Revenue Revenue  06/30/19 Total Funds   Available Budgeted  Expenditure Expenditure  06/30/19 Ending Balance GENERAL FUND: 46,198,341          106,681,205        58,386,923          104,585,264        110,358,241        46,446,171          58,139,093           SPECIAL REVENUE FUNDS: 2,527,377            1,880,224            1,139,370            3,666,747            2,287,870            550,653               3,116,094             102 Arterial  Street 163,671               700,000               328,903               492,574               700,000                ‐                           492,574                108 Leased City Properties 651,819               842,550               497,428               1,149,247            1,007,970            340,513               808,734                110 Hotel  Motel 722,387               225,000               223,279               945,666               406,547               135,103               810,563                125 1% For Art 119,446               15,000                 683                      120,129               67,679                 50,683                 69,446                  127 Cable  Communication 529,159               97,674                 86,795                 615,954               105,674               24,354                 591,600                135 Springbrook Wetlands  Bank 340,895               ‐                           2,282                   343,177               ‐                           ‐                           343,177                CAPITAL PROJECT FUNDS (CIP):40,766,600          41,665,286          27,049,714          67,816,314          68,558,358          7,704,958            60,111,356           303 Community Services  Mitigation 2,578,256            86,500                 213,081               2,791,337            1,629,000            ‐                           2,791,337             304 Fire  Mitigation 1,455,669            99,000                 76,078                 1,531,747            128,576               ‐                           1,531,747             305 Transportation Mitigation 3,332,524            1,020,000            749,760               4,082,284            1,950,000            ‐                           4,082,284             316 Municipal Facilities  CIP 20,675,238          5,682,500            16,210,109          36,885,347          26,314,513          5,467,744            31,417,603           317 Transportation CIP 5,492,313            34,777,286          9,710,452            15,202,765          38,488,869          2,054,019            13,148,746           326 Housing Opportunity 2,582,203            ‐                           18,714                 2,600,917            47,400                 28,131                 2,572,786             336 New Library Development 456,591               ‐                           2,110                   458,701               ‐                           ‐                           458,701                346 New Family First Center Dvlpmnt 4,193,806            ‐                           69,410                 4,263,216            ‐                           155,064               4,108,152             ENTERPRISE FUNDS:86,123,144          93,422,362          42,479,537          128,602,681        146,260,193        37,367,616          91,235,065           4X2 Airport Operating & CIP 4,985,377            3,573,435            1,554,236            6,539,613            7,638,469            1,028,201            5,511,412             403 Solid Waste  Utility 2,276,333            19,505,719          10,267,256          12,543,589          19,341,752          9,522,825            3,020,764             4X4 Golf Operating & CIP 110,812               2,445,053            1,164,860            1,275,672            2,346,727            1,185,791            89,881                  4X5 Water Operating & CIP 38,002,973          18,841,192          8,302,170            46,305,143          48,759,844          7,112,039            39,193,104           4X6 Waste  Water Operating & CIP 18,879,201          11,582,615          5,806,954            24,686,155          24,716,488          5,027,533            19,658,622           416 King County Metro 5,512,418            16,922,613          8,595,825            14,108,243          16,922,613          8,434,177            5,674,066             4X7 Surface Water Operating & CIP 16,356,030          20,551,735          6,788,236            23,144,266          26,534,300          5,057,050            18,087,216           INTERNAL SERVICE FUNDS: 49,148,171          35,746,176          17,124,903          66,273,074          40,081,327          14,051,474          52,221,600           501 Equipment Repair/Replacement 6,493,018            7,689,395            2,787,899            9,280,917            9,024,476            2,435,338            6,845,579             502 Insurance 18,522,154          3,343,143            1,770,096            20,292,250          4,214,868            1,099,332            19,192,918           503 Information Services 3,934,408            6,044,888            2,713,761            6,648,169            7,545,964            2,628,086            4,020,083             504 Facilities 1,376,859            5,293,899            2,254,116            3,630,975            5,562,085            2,391,384            1,239,591             505 Communications 685,593               1,105,816            557,486               1,243,079            1,100,667            511,792               731,287                512 Insurance, Healthcare 4,259,511            11,027,762          5,593,641            9,853,152            11,655,086          4,617,808            5,235,344             522 Insurance, Leoff1 Retirees HC 13,876,628          1,241,273            1,447,904            15,324,532          978,181               367,734               14,956,798           FIDUCIARY FUNDS:7,146,983            468,000               198,817               7,345,800            210,475               97,478                 7,248,322             611 Firemen's  Pension 7,146,983            468,000               198,817               7,345,800            210,475               97,478                 7,248,322             TOTAL  FUNDS 231,910,616     279,863,253     146,379,264     378,289,880     367,756,464     106,218,350     272,071,530      City of Renton, Washington Page 15 of 15