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HomeMy WebLinkAbout201404, April.pdfADMINISTRATIVE SERVICES  DEPARTMENT    M   E   M   O   R   A   N   D   U   M       DATE: June 5, 2014     TO: Don Persson, Council President  Members of the Renton City Council     CC: Denis Law, Mayor  Administrators     FROM: Hai Nguyen, Sr. Finance Analyst     SUBJECT: April 2014 Financial Status Report       At the end of April, general governmental revenues show $2.7 million or 7.8% under budget.   This is due to the timing of property tax collections recorded in April.  If we remove the $4.3  million unfavorable property tax variance, the City is $1.6 million or 4.5% over budget.   Revenues sources that are higher than expected are: sales tax ($80k); sales tax annexation  credit ($77k); utility taxes ($111k); state shared revenue ($181k); real estate excise tax ($719k);  building permits & development service fees ($538k) and other miscellaneous ($143k).  On the  down side, the revenue sources that are underperforming the year to date budget are:  property tax ($4.3 million below) and fines/penalties ($268k below).    General government expenditures showed a favorable variance of $794k or 2.4%.  See page 9  of report for further expenditure over‐spent explanations.    The attached report provides more detailed discussion of each revenue source and our updated  projections for the year.  Please do not hesitate to contact me at x6952 should you have any  questions or any suggestions about the report.         This page is intentionally left blank        General Governmental  Funds $% Beginning Fund Balance 11,057,551$     11,057,551$  15,575,840$       15,575,840$  17,454,261$    17,454,261$ 17,454,261$    ‐                      0.0% OPERATING REVENUES Property Tax 33,466,364        11,127,076     32,485,690          10,985,190     35,240,495       11,815,359    7,509,891         (4,305,468)     ‐36.4% Sales Tax 18,564,670        5,925,812        20,416,372          6,629,791        20,196,000       6,727,034       6,807,199         80,166             1.2% Sales Tax ‐ Annexation Credit 2,208,492           711,311            2,418,789             783,994             2,236,262          722,648            799,863             77,215             10.7% Criminal Justice Sales  Tax 1,924,470           606,636            2,091,174             668,470             2,000,000          635,069            721,451             86,382             13.6% Natural  Gas Use Tax 272,530                164,028            263,660                  107,195             300,000               151,750            135,655             (16,095)             ‐10.6% Admission Tax 311,054                154,705            327,258                  152,751             308,000               148,355            154,406             6,052                4.1% Franchise Fees 1,262,188           599,927            1,312,727             627,348             1,260,000          600,550            646,666             46,115             7.7% Electricity Tax 5,211,111           1,972,182        5,155,789             1,932,839        5,409,000          2,037,471       1,992,820         (44,651)            ‐2.2% Natural Gas Utility Tax 1,669,967           902,298            1,550,900             803,039             1,500,520          794,473            862,483             68,010             8.6% Garbage/Solid Waste 330,607                87,625               397,596                  131,525             300,000               90,284               191,379             101,095          112.0% TV Cable 1,423,664           435,101            1,481,779             459,812             1,529,365          471,064            478,060             6,996                1.5% Telephone 1,056,420           308,743            917,021                  251,827             952,500               270,565            274,371             3,807                1.4% Cellular Phone 2,183,853           736,280            2,050,312             566,096             2,077,000          638,859            578,839             (60,020)             ‐9.4% City Utilities 3,806,281           1,198,213        3,964,989             1,226,148        3,791,465          1,182,803       1,234,510         51,707             4.4% Leasehold Excise  Tax 158,849                36,481               164,637                  40,988                145,000               34,725               43,738                9,013                26.0% Gambling Excise  Tax 1,691,209           574,574            1,319,585             478,183             1,600,000          559,457            522,560             (36,897)             ‐6.6% Real  Estate Excise  Tax 2,811,902           690,220            4,131,665             822,064             2,900,000          1,028,144       1,747,345         719,201          70.0% Less: CIP REET (943,792)              (136,340)           (700,000)                (158,095)           (550,000)             (331,387)          (331,387)             ‐                      0.0% EMS Levy 885,781                ‐                        916,361                  ‐                         900,000               225,392            225,392             ‐                      0.0% Business  License Fees 444,680                206,858            503,766                  251,128             533,067               257,408            230,602             (26,806)             ‐10.4% Animal  Licenses and Spec Events  Permits 91,835                   39,385               99,411                     36,765                90,000                  35,489               36,518                1,028                2.9% Building Permits & Development Svc Fees 3,552,369           922,924            4,001,625             1,229,874        3,705,701          1,069,262       1,607,401         538,139          50.3% Intergovt'l (Grants, State Shared, etc) 4,593,185           1,086,517        3,863,974             1,431,975        4,188,188          1,660,341       1,754,785         94,444             5.7% Fire District 25 and 40 Contracts 6,155,621           799,107            5,726,895             700,813             5,877,463          797,257            797,257             ‐                      0.0% Public Safety 485,899                153,856            680,581                  250,466             774,535               268,467            245,008             (23,459)            ‐8.7% Culture and Recreation 1,494,165           363,431            1,494,580             361,738             1,525,863          370,225            384,136             13,911             3.8% Interfund/Interdept‐Services 3,311,715           996,283            3,464,913             1,164,844        3,332,794          1,110,931       1,141,789         30,857             2.8% Fines  and Penalties 1,046,246           275,874            1,137,140             313,662             1,108,500          301,587            355,263             53,676             17.8% Photo Enforcement 1,976,203           654,101            1,629,524             680,026             1,950,000          721,504            400,235             (321,269)         ‐44.5% Seizure Funds ‐ Federal/State/Local 37,941                   17,904               50,639                     3,491                   180,693               12,458               (470)                      (12,928)             ‐103.8% Interests and Other  Earnings 342,424                29,924               423,609                  29,926                745,300               58,231               43,538                (14,693)             ‐25.2% Rents, Leases, and Concessions 822,428                317,035            734,530                  317,273             756,464               308,185            306,400             (1,785)                ‐0.6% Contributions and Donations 124,082                46,718               84,320                     25,736                96,100                  33,411               28,512                (4,899)                ‐14.7% Other Miscellaneous 564,571                166,458            684,187                  238,837             516,630               177,423            320,761             143,338          80.8% Other Financing Sources  (Transfer‐In, etc) 5,118,188           8,797                  299,527                  13,343                ‐                           ‐                        3,447                   3,447                100.0% Total Operating Revenues 108,457,170     32,180,045     105,545,527       33,559,062     107,476,905    34,984,794    32,250,423      (2,734,371)    ‐7.8% OPERATING EXPENDITURES Council 278,768                91,998               289,911                  97,646                309,907               103,348            108,911             (5,563)                ‐5.4% Executive 1,377,109           427,410            1,240,910             419,061             1,359,996          439,720            407,807             31,913             7.3% City Attorney 1,706,320           563,552            1,922,225             584,735             1,863,395          589,689            562,501             27,188             4.6% Court Services 2,074,980           674,406            2,003,104             643,564             2,094,010          676,750            660,115             16,635             2.5% Community and Eco  Dvlpmnt Admin 942,071                322,177            1,047,860             344,293             1,012,142          338,988            333,812             5,176                1.5% Development Services 2,902,852           890,756            3,243,702             1,060,776        3,040,435          967,749            931,956             35,794             3.7% Economic Development 529,043                188,315            467,511                  146,523             644,063               216,402            186,131             30,271             14.0% Planning 1,682,948           562,160            1,510,707             480,129             2,261,206          735,514            584,673             150,841          20.5% Finance 2,221,882           635,592            2,274,147             610,911             2,334,758          647,301            678,686             (31,385)             ‐4.8% City Clerk1 997,434                247,568            1,020,822             277,252             1,125,927          292,782            446,560             (153,778)          ‐52.5% Human Resources 937,412                299,810            904,182                  288,203             1,002,994          320,251            294,344             25,908             8.1% Police 25,004,580        8,318,096        24,946,784          8,188,792        25,925,197       8,567,220       8,533,912         33,308             0.4% Jail Services 3,489,616           1,162,786        3,814,042             1,271,352        4,500,000          1,253,219       1,253,219         ‐                      0.0% Fire 24,173,315        8,435,070        24,444,372          8,636,731        25,219,873       8,855,803       8,701,872         153,931          1.7% Community Services  Admin 434,558                143,787            452,146                  150,854             493,982               164,144            158,781             5,362                3.3% Parks 4,004,054           1,179,119        4,024,756             1,192,965        4,311,514          1,273,822       1,154,945         118,877          9.3% Parks Planning & Natural  Resources 577,934                169,504            829,250                  196,871             880,373               229,214            201,429             27,785             12.1% Recreation 4,982,229           1,377,160        4,846,970             1,371,571        5,111,272          1,429,365       1,262,485         166,880          11.7% Human Services 1,193,871           409,836            1,162,330             340,261             1,221,989          389,020            385,688             3,333                0.9% Neighborhoods, Resources, & Events 701,673                189,349            770,841                  231,744             979,716               280,168            257,492             22,675             8.1% Library 278,604                58,604               ‐                              ‐                         ‐                           ‐                        ‐                         ‐                      0.0% Museum 216,887                71,901               209,387                  69,807                226,683               75,357               66,789                8,569                11.4% Public Works Admin 470,051                158,967            426,312                  163,297             456,340               164,065            127,778             36,287             22.1% Street Maintenance 3,755,640           1,217,508        3,814,132             1,294,196        4,488,268          1,489,239       1,423,475         65,765             4.4% Transportation 4,615,160           1,428,601        4,476,854             1,512,690        4,539,752          1,468,622       1,450,448         18,174             1.2% Debt Service 9,752,337           842,026            8,048,508             835,676             8,340,863          916,538            916,538              ‐                      0.0% Non‐Departmental and Other 4,637,555           1,176,929        5,475,340             1,221,630        7,881,844          1,028,664       1,028,664          ‐                      0.0% Total Operating Expenditures 103,938,882     31,242,984     103,667,105       31,631,530     111,626,501    32,912,955    32,119,009      793,947          2.4% Total Ending Fund Balance 15,575,840$     11,994,612$  17,454,262$       17,503,372$  13,304,665$    19,526,100$ 17,585,675$   (1,940,424)$ ‐9.9% 1Hearing Examiner is reported under City Clerk Favorable (Unfavorable) 2012 2013 2014 Variance Annual Actual YTD Actual Annual Budget YTD Budget YTD ActualSummary of Sources and Uses Annual Actual YTD Actual   Monthly Financial Report April 2014 Page 1 of 36 Monthly Financial Report April 2014      OVERVIEW  This financial overview reflects the City’s overall financial position for the fiscal year through April 30, 2014.  Except as  noted, year‐to‐date budgeted (adjusted) revenues and operating expenditures are generally based on the  collection/disbursement patterns for the same period of the preceding two years.  The table on the previous page  summarizes the general governmental fund revenues and expenditures.    Revenues    Taxes   The combined collection of property, sales/use, utility, gambling, admissions, and real estate excise taxes represents 74% of  all resources supporting general governmental activities.   The following section provides detail information on property,  sales, utility, and other taxes.    Property Tax  April’s collection is $5.8 million,  making the total year‐to‐date  collection $7.5 million or 21.3% of the  total budget.  In comparison to the  previous year, the City collected $3.5  million or 32% less. Compared to the  budget, the City is below projections  by $4.3 million or 36%.  The variance  from the monthly budget is due the  timing of collections.  The City has  collected $11 million so far for the  month of May.  The City is projecting  property tax to meet the budget at  year‐end.              Sales Tax  April 2014 sales tax receipts totalled  $1.6 million.  Compared with the same  month last year, it is $48k or 3% more.   Compared to the projected current  month’s budget, it is $9k or 1% above.   The year‐to‐date collection of $6.8  million is $177k or 3% more than the  prior year and is also $80k or 1% more  than budgeted.  2014’s monthly  budgets are generally based on 2006  through 2013 collections.  The City is  projecting sales tax to meet the  budget at year‐end.    2013 2014 2014 Actual Budget Actual $ % $ % Jan 154,945$         162,468$         (101,807)$       (256,752)$       ‐166% (264,275)$       ‐163% Feb 25,020               59,096               176,551            151,531           606% 117,455           199% Mar 917,901            960,884            1,626,283       708,382           77% 665,398           69% Apr 9,887,324        10,632,911     5,808,865       (4,078,459)      ‐41% (4,824,046)      ‐45% May 5,780,361        6,364,899         Jun 88,480               70,363                Jul 100,047            292,155             Aug 58,101               3,718                   Sep 548,071            584,469             Oct 10,140,892     10,620,057      Nov 4,341,474        5,057,587         Dec 443,072            431,888             YTD  Total 10,985,190$  11,815,359$  7,509,891$    (3,475,299)$   ‐32% (4,305,468)$   ‐36% Annual Total 32,485,690$  35,240,495$   Property Tax Revenues Year to Date through April 2014 vs. 2013 2014 vs. Budget Month 2013 2014 2014 Actual Budget Actual $ % $ % Jan 1,620,555$     1,607,453$     1,607,045$     (13,510)$         ‐1% (408)$               0% Feb 1,962,886        2,047,494        2,079,673        116,787         6% 32,179            2% Mar 1,536,397        1,523,208        1,562,210        25,814            2% 39,002            3% Apr 1,509,953        1,548,879        1,558,271        48,318            3% 9,393               1% May 1,732,058        1,762,699         ‐                         Jun 1,552,807        1,584,050        ‐                         Jul 1,647,860        1,599,650        ‐                         Aug 1,833,347        1,718,742        ‐                         Sep 1,741,262        1,633,772        ‐                         Oct 1,790,411        1,728,992        ‐                         Nov 1,802,768        1,740,835        ‐                         Dec 1,686,069        1,700,227        ‐                         YTD Total 6,629,791$     6,727,034$     6,807,199$     177,409$      3% 80,166$         1% Annual Total 20,416,372$  20,196,000$   2014 vs. Budget2014 vs. 2013 Month Year to Date through April Local Retail Sales  Tax  Revenues Page 2 of 36 Monthly Financial Report April 2014      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 2013 2014 Bgt YTD  Act Change  2014/2013 2014 Act  vs  Bgt New Construction 948,361$         714,450$         670,423$         (277,938)$      ‐29%$         (44,027)‐6% Auto  Sales 1,144,982        1,230,571        1,235,524        90,542             8%                 4,952 0% General  Retail 2,218,143        2,268,455        2,180,827        (37,316)            ‐2%            (87,628)‐4% Manufacturing 397,899            487,420            736,732            338,833          85%           249,312 51% Wholesale 367,102            379,912            324,990            (42,112)            ‐11%            (54,922)‐14% Service 1,370,580        1,466,318        1,447,772        77,191             6%            (18,546)‐1% Other 182,723            179,908            210,931            28,209             15%              31,024 17% YTD  Total 6,629,791$     6,727,034$     6,807,199$     177,409$       3%80,166$           1% Note: Excludes  Annexation  Credit and Criminal Justice Sales  Tax  revenue.       Utility tax   April utility tax revenues are $1.2  million, which is $326k or 21% lower  than the same month last year and is  also behind of the budget by $245k or  17%.  The year‐to‐date collection is  $5.7 million, which is $270k or 5%  higher than the prior year and is also  $111k or 2% higher than the budget.   The City is projecting utility tax  revenues to be very close to the  budget at year‐end.                    The table below breaks out Utility Tax by source.  The variance for Garbage/Solid Waste (not City Utilities) is due to a one‐ time correction (under reporting during September 2013 through December 2013) receipted in February.       Utility Tax  by Type 2013 2014 Bgt YTD Act Change 2014/2013  2014 Act  vs  Bgt  Electrical 1,932,839$     2,037,471$     1,992,820$     59,981$          3%$         (44,651)‐2% Natural  Gas 910,234            946,224            998,138            87,904             10%              51,915 5% Cell 566,096            638,859            578,839            12,744             2%            (60,020)‐9% Phone 251,827            270,565            274,371            22,544             9%                 3,807 1% Cable 459,812            471,064            478,060            18,248             4%                 6,996 1% Garbage/Solid Waste 131,525            90,284               191,379            59,854             46%           101,095 112% City Utilities 1,226,148        1,182,803        1,234,510        8,362                1%              51,707 4% YTD  Total 5,478,482$     5,637,269$     5,748,119$     269,637$       5%110,850$        2% Annual  Total 15,782,047$  15,859,850$   YTD  as % of 35% 36%      2013 2014 2014 Actual Budget Actual $ % $ % Jan 1,277,860$     1,372,593$      1,373,119$     95,259$      7% 526$              0% Feb 1,462,236        1,490,351         1,524,563        62,327         4% 34,213         2% Mar 1,193,129        1,310,634         1,631,438        438,309      37% 320,804      24% Apr 1,545,257        1,463,692         1,218,999        (326,258)      ‐21% (244,693)      ‐17% May 1,338,923        1,362,789          Jun 1,189,847        1,151,072          Jul 1,259,713        1,298,235          Aug 1,280,207        1,218,858          Sep 1,433,293        1,366,340          Oct 1,072,773        1,103,445          Nov 1,244,671        1,222,957          Dec 1,484,137        1,498,886          YTD  Total 5,478,482$     5,637,269$      5,748,119$     269,637$   5% 110,850$   2% Annual Total 15,782,047$  15,859,850$    2014 vs. Budget2014 vs. 2013 Year to Date through April Utility Tax  Revenues Month Page 3 of 36 Monthly Financial Report April 2014      Other Taxes     Real Estate Excise Tax  The City collected $909k in Real Estate  Excise Tax revenues (REET) for April.   This is $711k or 360% more than the  same month last year and is $540k or  146% more than the current month’s  budget.  The year‐to‐date collection is  $1.7 million, which is $925k or 113%  more than the prior year and is also  $719k or 70% above the budget.  The  higher than expected variance in April  is due to 3 large transactions (totalling  $619k).  The monthly budget is based  on a normalized annual distribution  (2012 only).  The City is projecting  REET to meet the budget at year‐end.          Gambling Tax  April’s Gambling Tax collections  totalled $104k, which is $56k or 35%  below the same month last year and is  also $64k or 38% below the current  month’s budget.  The year‐to‐date  total of $523k is $44k or 9% above the  year before but is $37k or 7% below  budget.  The overall lower activity is  due to 2 establishments filing for  bankruptcy.    Pull tabs overall had a 8% increase,  bingo increased by 5%, and card‐ rooms are seeing 7% lower in activities  when compared to the prior year.        Franchise Fees  Franchise Fees are due quarterly in  January, April, July, and October.  Due  to the timing of when the payment  was received, the City recorded  January’s payment in February  ($323k).  The year‐to‐date total of  $647k is $20k or 3% higher than the  prior year and is also $47k or 8% above  the projected year‐to‐date budget.   The City is projecting Franchise Fees to  meet budget at year‐end.  2013 2014 2014 Actual Budget Actual $ % $ % Jan 133,504$      164,456$      131,776$      (1,728)$         ‐1% (32,679)$      ‐20% Feb 73,730            115,620         133,109         59,379         81% 17,489         15% Mar 111,294         111,371         153,695         42,401         38% 42,324         38% Apr 159,655         168,010         103,980         (55,675)         ‐35% (64,030)         ‐38% May 97,660            105,619          ‐                      Jun 60,074            99,613            ‐                      Jul 89,157            133,068         ‐                      Aug 99,930            130,972         ‐                      Sep 116,204         148,130         ‐                      Oct 112,141         106,090         ‐                      Nov 114,909         155,314         ‐                      Dec 151,327         161,736         ‐                      YTD  Total 478,183$      559,457$      522,560$      44,377$      9% (36,897)$     ‐7% Annual Total 1,319,585$  1,600,000$   2014 vs. 2013 2014 vs. Budget Gambling Tax  Revenue Month Year  to Date through April 2013 2014 2014 Actual Budget Actual $ % $ % Jan 314,269$      300,776$       ‐$                        (314,269)$   ‐100% (300,776)$   ‐100% Feb 200                    98                       323,121         322,921      161461% 323,023      330063% Apr 311,986         299,239         323,544         11,558         4% 24,305         8% Jul 315,694         303,760         ‐                      Oct 321,202         308,381         ‐                      Dec 48,484            47,308            ‐                      YTD  Total 627,348$      600,550$      646,666$      20,210$      3% 46,552$      8% Annual Total 1,312,727$  1,260,000$   Franchise  Fees Revenue Year to Date through April Month 2014 vs. 2013 2014 vs. Budget 2013 2014 2014 Actual Budget Actual $ % $ % Jan 134,099$      109,119$      162,143$      28,044$         21% 53,024$         49% Feb 262,229         301,209         448,452         186,223         71% 147,243         49% Mar 228,077         248,682         227,629         (448)                  0% (21,053)            ‐8% Apr 197,659         369,133         909,120         711,461         360% 539,987         146% May 285,948         278,031          Jun 347,890         377,460          Jul 263,807         199,990          Aug 294,056         247,857          Sep 254,318         194,582          Oct 272,776         291,456          Nov 342,535         168,216          Dec 1,248,272     114,264          YTD  Total 822,064$      1,028,144$  1,747,345$  925,281$      113% 719,201$      70% Annual Total 4,131,665$  2,900,000$   Month 2014 vs. Budget2014 vs. 2013 Real Estate  Excise  Tax  Revenues Year to Date through April Page 4 of 36 Monthly Financial Report April 2014      Admission Tax   Admission Tax returns are due quarterly  in January, April, July, and October of  each year.  April 2014 collections  represent activities conducted during the  1st quarter of 2014.  The year‐to‐date  collection of $154k is $1.7k or 1% more  than the prior year and is also $7k or 4%  more than the budget.          Licenses and Permits    Building Permits and Development  Service Fees  Building Permits and Development  Service Fee revenues totalled $374k in  April.  The year‐to‐date development fees  revenue of $1.6 million is $378k or 31%  more than the year before and is also  $538k or 50% higher than budget.  The  higher than expected fees are due to  collecting more in general building  permits, electrical permits, and plan  check fees.  The City is projecting Building  Permits and Development Service Fees to  meet the budget at year‐end.                Business Licenses  Business Licenses totalled $97k for April,  which is $6k or 5% below the same month  last year and is also $11k or 10% below the  current month’s budget.  The year‐to‐date  Business Licenses revenue of $231k is $21k  or 8% below the prior year and is also $27k  or 10% lower than the budget.  The City is  projecting business licenses to be slightly  under the budget at year‐end.    2013 2014 2014 Actual Budget Actual $ % $ % Jan 327,584$      251,556$      432,890$      105,306$   32% 181,335$   72% Feb 230,039         215,688         412,317         182,278      79% 196,629      91% Mar 305,085         286,301         388,190         83,105         27% 101,889      36% Apr 367,165         315,718         374,004         6,839            2% 58,286         18% May 386,735         320,878          Jun 293,386         278,431          Jul 314,991         307,931          Aug 340,270         351,856          Sep 254,799         214,610          Oct 440,169         432,077          Nov 393,258         338,737          Dec 348,144         391,919          YTD  Total 1,229,874$  1,069,262$  1,607,401$  377,528$   31% 538,139$   50% Annual  Total 4,001,625$  3,705,701$   Building Permits and Development Service Fees Year to Date through April 2014 vs. Budget2014 vs. 2013 Month 2013 2014 2014 Actual Budget Actual $ % $ % Jan 95,381$         103,448$  103,064$  7,683$      8% (384)$         0% Feb 40,658            36,482        25,013        (15,645)      ‐38% (11,469)      ‐31% Mar 12,441            9,762           5,421           (7,020)         ‐56% (4,340)         ‐44% Apr 102,648         107,716     97,104        (5,544)         ‐5% (10,612)      ‐10% May 33,354            20,233         ‐                  Jun 5,701               5,102           ‐                  Jul 52,586            84,946        ‐                  Aug 29,210            24,595        ‐                  Sep 4,236               4,178           ‐                  Oct 109,998         117,828     ‐                  Nov 13,342            14,515        ‐                  Dec 4,211               4,262           ‐                  YTD  Total 251,128$      257,408$  230,602$  (20,526)$  ‐8% (26,806)$   ‐10% Annual Total 503,766$      533,067$   Business Licenses Month 2014 vs. 2013 Year  to Date through April 2014 vs. Budget 2013 2014 2014 Actual Budget Actual $ % $ % Jan 82,440$         75,206$         80,243$         (2,196)$         ‐3% 5,038$         7% Feb ‐                     451                     ‐                      Apr 70,311            72,698            74,163            3,852            5% 1,464            2% Jul 87,473            81,342             ‐                      Aug 76                       37                       ‐                      Oct 85,616            77,019            ‐                      Nov 1,192               575                    ‐                      Dec 149                    672                    ‐                      YTD  Total 152,751$      148,355$      154,406$      1,655$         1% 6,502$         4% Annual  Total 327,258$      308,000$       Month 2014 vs. 2013 2014 vs. Budget Admission Tax Revenue Year to Date through April Page 5 of 36 Monthly Financial Report April 2014      Intergovernmental  These revenue sources  include federal (direct and  indirect) grants, state  grants, state shared  revenues, local grants, and  entitlements.  State shared  revenues and Fire Districts’  25 and 40 contracts  compose 75% of the total  revenues in this category.    The year‐to‐date total Intergovernmental revenue is $3.3 million or 27% of the budget.       State Shared Revenues  State Shared Revenue collections  totalled $1.6 million since the  start of the year.  Compared to  the prior year, State Shared  Revenues are above by $188k or  13%.  Compared to the projected  budget, the City is collecting  $181k or 12% more.  The higher  than expected collection is due  to collecting more than  anticipated Criminal Justice Sales  Tax, the low budget of Criminal  Justice’s High Crime and  collecting more than anticipated Liquor Profits.      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 61% of the total revenue in this category.  The year‐to‐date total charges for services are $2.5 million or 35% of  the budget.  The following sections provide detail information for Public Safety, Recreation, and Interfund Services.      Public Safety Services  Public Safety Services totalled $245k 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 $5k or 2% less.  Compared to the  year‐to‐date budget, the City is $23k or 9%  less.  The reason for the April variance with the  prior year and budget is due to the lower  activity for Police private security.  The City is  projecting Public Safety Services to be under  the budget by year‐end.     2013 2014 2014 Actual Budget Actual $ % $ % Crim Just Sales  Tax 668,470$          635,069$      721,451$        52,981$      8% 86,382$      14% Judicial Contribution 5,699                   5,625               11,342              5,643            99% 5,717            102% Crim Just ‐ High Crime 102,994              ‐                     127,155           24,161         23% 127,155      100% Crim Just ‐ Pop 10,797                ‐                     11,897              1,100            10% 11,897         100% Crim Just ‐ Spec Prog 40,452                43,527            44,030              3,577            9% 503                 1% State DUI 8,515                   9,080               8,694                 180                 2% (386)                ‐4% Liquor Profits 211,723             124,448         212,414           691                 0% 87,965         71% Liquor Excise  Tax ‐                         248,924         92,598              92,598         100% (156,326)      ‐63% Fuel Tax 405,966             395,547         413,466           7,500            2% 17,919         5% YTD  Total 1,454,615$     1,462,221$  1,643,046$   188,431$   13% 180,825$   12% Annual  Total 4,701,889$     4,515,500$   2014 vs. Budget State  Shared Revenues 2014 vs. 2013 Revenue Year  to Date through April 2013 2014 2014 Actual Budget Actual $ % $ % Jan 32,322$         31,574$          117,639$      85,317$     264% 86,066$      273% Feb 117,056         100,863          45,139            (71,918)        ‐61% (55,725)         ‐55% Mar 37,079            48,095             44,028            6,949           19% (4,067)            ‐8% Apr 64,009            87,936             38,202            (25,806)        ‐40% (49,734)         ‐57% May 47,985            60,400              ‐                      Jun 36,945            45,438             ‐                      Jul 69,340            82,484             ‐                      Aug 42,753            51,456             ‐                      Sep 48,986            56,443             ‐                      Oct 81,116            78,627             ‐                      Nov 49,703            54,931             ‐                      Dec 53,287            76,290             ‐                      YTD  Total 250,466$      268,467$       245,008$      (5 ,458)$        ‐2% (23,459)$      ‐9% Annual  Total 680,581$      774,535$        Month 2014 vs. 2013 Year  to Date through April Public Safety Services 2014 vs. Budget Intergovernmental 2013 2014 Bgt YTD Act Change 2014/2013 2014 Act vs  Bgt  Fire  District #25 538,842$         594,325$         594,325$         55,483$          10% $                          ‐ 0% Fire  District #40 161,972            202,933            202,933            40,961             25%‐                            0% State  Shared Revenue 1,454,615        1,462,221        1,643,046        188,431          13% 180,825          12% Federal Grants 509,586            736,295            736,295            226,708          44%‐                            0% State  Grants 10,373               22,404               22,404               12,032             116%‐                            0% Other Grants/Intgovt 11,079               74,490               74,490               63,411             572%‐                            0% ARRA Grants 114,792            0                              ‐                              (114,792)        0%‐                            0% Total  Rev YTD 2,801,258$     3,092,667$     3,273,493$     472,234$       17%180,825$        6% Total  Rev Annual 11,682,043$  12,065,651$   YTD  % 24% 26% 27% Note:  Includes  CJ Sales  Tax and FD25  & FD40  contracts Page 6 of 36 Monthly Financial Report April 2014      Recreation  Recreation revenues totalled $179k for the  current month.  Compared to the same  month the prior year, the City collected $9k  or 5% more.  Compared to the projected  monthly budget, the City collected $22k or  14% more.  The year‐to‐date collection of  $384k is $22k or 6% higher than the year  before and is also $14k or 4% higher than  the year‐to‐date budget.  The City is  projecting Recreation revenues to be very  close with the budget at year‐end.                Interfund Services  The year‐to‐date collections for Interfund  Services revenues are $1.1 million.   Compared to the prior year, the revenues  are under by $23k or 2%.  Compared to the  projected budget, the revenues are above by  $31k or 3%.  2014’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 on the next page breaks down these  fines by type.  The year‐to‐date total fines  and penalties is $755k.  This is $238k or 24%  lower than a year ago and is also $268k or  26% below the budget.                2013 2014 2014 Actual Budget Actual $ % $ % Jan 60,546$         62,601$         69,522$         8,976$         15% 6,921$         11% Feb 51,160            56,408            68,873            17,713         35% 12,465         22% Mar 79,491            94,074            66,458            (13,033)         ‐16% (27,616)         ‐29% Apr 170,541         157,142         179,282         8,742            5% 22,140         14% May 95,710            119,835         ‐                      Jun 150,284         152,865         ‐                      Jul 345,126         309,124         ‐                      Aug 205,821         238,859         ‐                      Sep 123,550         118,153         ‐                      Oct 83,685            86,617            ‐                      Nov 65,656            67,145            ‐                      Dec 63,010            63,040            ‐                      YTD  Total 361,738$      370,225$      384,136$      22,398$      6% 13,911$      4% Annual Total 1,494,580$  1,525,863$   Recreation Year to Date through April 2014 vs. Budget2014 vs. 2013 Month 2013 2014 2014 Actual Budget Actual $ % $ % Jan 265,873$      277,733$      301,808$      35,935$      14% 24,075$      9% Feb 292,362         277,733         257,027         (35,335)         ‐12% (20,706)         ‐7% Mar 317,998         277,733         287,465         (30,533)         ‐10% 9,732            4% Apr 288,610         277,733         295,489         6,879            2% 17,756         6% May 299,652         277,733          ‐                      Jun 287,569         277,733          ‐                      Jul 282,466         277,733         ‐                      Aug 352,945         277,733         ‐                      Sep 274,525         277,733         ‐                      Oct 352,421         277,733         ‐                      Nov 286,300         277,733         ‐                      Dec 164,190         277,733         ‐                      YTD  Total 1,164,844$  1,110,931$  1,141,789$  (2 3,055)$      ‐2% 30,857$      3% Annual Total 3,464,913$  3,332,794$   Interfund Services Year to Date through April 2014 vs. 2013 2014 vs. Budget Month 2013 2014 2014 Actual Budget Actual $ % $ % Jan 153,064$      182,703$      136,762$      (16,302)$      ‐11% (45,941)$      ‐25% Feb 247,166         251,253         151,470         (95,696)         ‐39% (99,783)         ‐40% Mar 275,222         276,820         203,482         (71,740)         ‐26% (73,338)         ‐26% Apr 318,235         312,315         263,785         (54,451)         ‐17% (48,530)         ‐16% May 278,783         309,616          Jun 269,334         307,008          Jul 236,571         269,780          Aug 171,565         178,125          Sep 154,604         169,913          Oct 191,919         249,230          Nov 189,412         230,005          Dec 280,787         321,732          YTD Total 993,688$      1,023,092$  755,499$      (238,189)$  ‐24% (267,593)$  ‐26% Annual  Total 2,766,663$  3,058,500$   2014 vs. Budget2014 vs. 2013 Year to Date through April Fines  and Penalties by Month Month Page 7 of 36 Monthly Financial Report April 2014      Year to Date through April 2013 2014 2014 Actual Budget Actual $ % $ % Civil Penalties 2,225$            3,912$            2,380$            155$              7% (1,532)$         ‐39% Civil Infraction Penalties 170,199         163,910         199,563         29,364         17% 35,654         22% Civil Parking Infraction Penalties 46,835            44,315            61,334            14,499         31% 17,019         38% Photo Enforcement Program 680,026         721,504         400,235         (279,790)      ‐41% (321,269)     ‐45% Criminal Traffic Misdemeanor Fines 29,001            28,943            28,120            (881)                ‐3% (823)                ‐3% Criminal Non‐Traffic  Fines 7,877               9,816               15,460            7,583            96% 5,645            58% Criminal Costs 38,040            34,707            41,178            3,138            8% 6,471            19% Non‐Court Fines, Forfeitures  and Penalties 19,484            15,984            7,227               (12,256)        ‐63% (8,757)            ‐55% YTD  Total 993,688$      1,023,092$  755,499$      (238,189)$  ‐24% (267,593)$  ‐26% Annual Total 2,766,663$  3,058,500$   Revenue 2014 vs. Budget Fines  and Penalties by Type 2014 vs. 2013         Included in the Fines and Penalties revenue budget is  $2 million from the Photo Enforcement program.  The  monthly budget is based on the prior year’s revenue.   The year‐to‐date collections from this program  equates to $400k.  The budget shortfall is due to  temporary shutting down 4 intersection cameras in  construction areas and lower activity (driver  behaviour changes).    The associated costs includes the equipment  provided by American Traffic Solutions, Inc. (ATS),  dedicated 2 FTEs in the Court Services Department to  process the increased caseload and 1.1 FTEs in the  Police Department for support services.  This staff  time, along with a 90% pro tem budget and  interpreter costs amounts to $362k for personnel  costs.  The total costs for the program equates to  $842k which is represented in the table.        Miscellaneous  This revenue source reflects the collection of  interest and other earnings, rents, leases, and  concessions, contributions, and donations  from private sources, and other  miscellaneous revenues.  Interest and other  earnings along with rents, leases, and  concessions constitute 65% of the total  revenue in this category.  The year‐to‐date  total miscellaneous is $540k.  Compared to  last year, the revenues are above by $43k or  9%.  Compared to the projected year‐to‐date  budget, the revenues are over by $57k or  12%.  The table on the following page breaks  out miscellaneous revenues by type.      2013 2014 2014 Actual Budget Actual $ % $ % Jan 179,743$      180,999$      243,963$      64,220$      36% 62,964$      35% Feb 76,397            59,215            99,547            23,149         30% 40,331         68% Mar 147,909         148,337         126,132         (21,777)        ‐15% (22,204)         ‐15% Apr 92,872            93,691            70,094            (22,778)        ‐25% (23,597)         ‐25% May 118,719         201,575          Jun 123,441         122,135          Jul 128,246         115,614          Aug 122,652         124,685          Sep 92,799            87,377             Oct 82,288            81,590             Nov 63,945            80,793             Dec 399,005         673,545          YTD Total 496,921$      482,243$      539,736$      42,815$      9% 57,493$      12% Annual Total 1,628,017$  1,969,557$   Year to Date through April Month 2014 vs. Budget2014 vs. 2013 Miscellaneous Revenues  by Month Favorable Budget Actual Budget Actual (Unfavorable) 1 Jan 180,582$      61,721$         73,624$        30,160$      31,561$            Feb 165,453         68,045            73,336           51,174         16,871               Mar 161,059         103,922         73,278           79,750         24,172               Apr 214,411         166,547         71,661           30,160         136,388            May 214,507         ‐                     73,575           ‐                  ‐                        Jun 207,265         ‐                     71,358           ‐                  ‐                        Jul 184,107         ‐                     71,451           ‐                  ‐                        Aug 93,843            ‐                     71,108           ‐                  ‐                        Sep 71,053            ‐                     58,646           ‐                  ‐                        Oct 159,611         ‐                     63,603           ‐                  ‐                        Nov 135,380         ‐                     64,079           ‐                  ‐                        Dec 162,729         ‐                     76,245           ‐                  ‐                        YTD  To tal 721,504$      400,235$      291,899$     191,244$   208,992$         Annual  Total 1,950,000$  841,964$      1Actuals  of Revenues and Expenses ExpensesRevenues Photo Enforcement Program Year  to Date through April Month Page 8 of 36 Monthly Financial Report April 2014      2013 2014 2014 Actual Budget Actual $ % $ % Interests and Other Earnings 29,926$         58,231$         43,538$         13,612$      45% (14,693)$      ‐25% Rents, Leases, and Concessions 317,273         308,185         306,400         (10,873)         ‐3% (1,785)            ‐1% Contributions/Donations  from  Private Sources 25,736            33,411            28,512            2,776            11% (4,899)            ‐15% Other 120,495         69,958            161,756         41,262         34% 91,798         131% Seizure Funds ‐ Federal/State/Local1 3,491             12,458          (470)                (3,961)          ‐113% (12,928)         ‐104% YTD  Total 496,921$      482,243$      539,736$      42,815$      9% 57,493$      12% Annual Total 1,628,017$  1,969,557$   1 Seizure  Funds are categorized in Miscellaneous for  2013 and on. 2014 vs. Budget Miscellaneous Revenues by Type Year to Date through April Revenue 2014 vs. 2013     Other miscellaneous revenues are higher than the prior year and budget due to higher than expected utility late payment  penalties and miscellaneous reimbursements for Fire.      EXPENSES  Overall the City has expended 29% of its budgeted general governmental expenditures at the end of April.  This is $794k 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 $5.6k or 5.4%.  This is due to an annual membership payment made  to National League Online.  The budget for this is included in the upcoming Carry Forward amendment.  We anticipate at  year‐end the department will be within budget.    Administrative Services department is over the year‐to‐date by $185k or 19.7%.  This is mainly due to the timing of  payments related to Springbrook merchant account fees and elections/voter registration costs compared to the prior year.   We will monitor this item to determine if a budget adjustment is needed.       Page 9 of 36 Monthly Financial Report April 2014      ENTERPRISE FUNDS  The table below gives an analysis of all City Enterprise funds.  Displayed are the year‐to‐date revenues and expenditures for  each enterprise.  Included in each fund are the capital revenues and expenditures.      Airport Golf Course Solid Waste  Utility Water Utility Wastewater  Utility Surface  Water  Utility Metro REVENUES: Licenses  and permits ‐                 ‐             ‐                 ‐               23,610         18,575        ‐               Grants  / intergovernmental 651,351          ‐             117,144          ‐               ‐               797,565      ‐               Charges  for services 48,157            405,064     5,886,254       4,846,771    3,122,384    3,418,054   4,984,926    Interdepartmental services ‐                 ‐             ‐                 ‐               ‐               ‐              ‐               Fines  and penalties 2,177              ‐             ‐                 ‐               95                ‐              ‐               Rents, leases, and misc fees 795,423          56,212       19,239            39,178         ‐               ‐              ‐               Interest and other misc 1,907              489            2,294              79,402         207,052       203,732      2,616           TOTAL REVENUES 1,499,015       461,765     6,024,931       4,965,351    3,353,141    4,437,926   4,987,542    EXPENSES: Utility billing ‐                 ‐             40,792            39,464         29,528         47,790        ‐               Utility systems ‐                 ‐             4,497,791       1,456,450    941,257       1,008,892   ‐               Utility maintenance ‐                 ‐             89,436            1,495,808    433,360       723,893      4,867,459    Transportation 1,146,321       ‐             ‐                 ‐               ‐               ‐              ‐               Golf ‐                 617,323     ‐                 ‐               ‐               ‐              ‐               TOTAL EXPENSES 1,146,321       617,323     4,628,019       2,991,722    1,404,145    1,780,575   4,867,459    AMOUNT AVAILABLE FOR DEBT SERVICE 352,694          (155,558)    1,396,912       1,973,629    1,948,996    2,657,351   120,083       DEBT SERVICE: Principal ‐                 ‐             ‐                 ‐               ‐               ‐              ‐               Interest ‐                 1,625         ‐                 302              121              181             ‐               TOTAL DEBT SERVICE ‐                 1,625         ‐                 302              121              181             ‐               CAPITAL PROJECTS 264,671          17,397       ‐                 378,377       745,303       839,358      ‐               TRANSFERS IN/(OUT)‐                 ‐             ‐                 ‐               ‐               ‐              ‐               CHANGE IN FUND BALANCE 88,023            (174,580)    1,396,912       1,594,950    1,203,572    1,817,812   120,083       BEGINNING FUND BALANCE, Jan  1 1,669,564       319,161     1,344,883       12,350,952  5,528,366    7,510,285   2,603,562    ENDING FUND BALANCE, Apr 30 1,757,587       144,581     2,741,795       13,945,902  6,731,938    9,328,097   2,723,645        Page 10 of 36 Monthly Financial Report April 2014      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 ‐                 51,445         ‐             ‐                      ‐            ‐              ‐             Grants  / intergovernmental ‐                 ‐              ‐             ‐                      ‐            ‐              44,426        Charges  for services Equipment rental  m&o 919,975          1,005,647    ‐             ‐                      ‐            ‐              ‐             Print and mail ‐                 37,473         ‐             134,572             ‐            ‐              ‐             Communications ‐                 3,090           ‐             180,706             ‐            ‐              ‐             Facilities ‐                 ‐              1,418,535  ‐                      ‐            ‐              ‐             Data  cards  and cell  phones ‐                 46,809         ‐             ‐                      ‐            ‐              ‐             IT service co ntracts ‐                 146,244        ‐             ‐                      ‐            ‐              ‐             Interest and other misc 3,968              2,176           1,271         365                    6,845        6,268          7,047          Internal service fund misc: Vehicle  / equipment capital  recovery 507,177          44,993         ‐             ‐                      ‐            ‐              ‐             Insurance premiums ‐                 ‐              ‐             ‐                     543,794    ‐              ‐             Worker's  comp/unemployment ‐                 ‐              ‐             ‐                     521,615    ‐              ‐             Benefit premiums ‐                 ‐              ‐             ‐                      ‐            3,806,780   569,164      Other misc ‐                 2                  1,286         ‐                      ‐            98,545        ‐             Interfund Loan ‐                 ‐              ‐             ‐                      ‐            ‐              ‐             Capital  contributions ‐                 ‐              ‐             ‐                      ‐            ‐              ‐             Disposal  of capital  assets 21,043            ‐              ‐             ‐                      ‐            ‐              ‐             Insurance recoveries ‐                 ‐              ‐             ‐                     41,228      ‐              ‐             TOTAL REVENUES 1,452,163       1,337,879    1,421,092  315,643             1,113,482 3,911,593   620,637      EXPENSES: Communications 169,429              Equipment rental 733,113           Facilities 1,168,739   Healthcare 4,374,238    Information technology 1,114,689     Print and mail 113,775              Retiree healthcare 339,500      Risk management Risk ma nagement 1,081,554  Unemployment 17,009       Worker's  compensation 511,687     TOTAL EXPENSES 733,113          1,114,689    1,168,739  283,204             1,610,250 4,374,238   339,500      AMOUNT AVAILABLE FOR CAPITAL 719,050          223,190       252,353     32,439               (496,768)   (462,645)     281,137      CAPITAL PROJECTS 374,875          128,391       38,352       ‐                      ‐            ‐              ‐             TRANSFERS IN ‐                 ‐              ‐             ‐                      ‐            ‐              ‐             TRANSFERS (OUT)‐                 ‐              ‐             ‐                      ‐            ‐              ‐             CHANGE IN FUND BALANCE 344,175          94,799         214,001     32,439               (496,768)   (462,645)     281,137      BEGINNING FUND BALANCE, Jan  1 3,935,088       2,216,612    1,167,714  347,771             7,630,077 6,934,304   7,207,703   ENDING FUND BALANCE, Apr 30 4,279,263       2,311,411    1,381,715  380,210             7,133,309 6,471,659   7,488,840      Page 11 of 36 Monthly Financial Report April 2014      FUND BALANCE  Page 13 shows the ending fund balance as of April 2014.  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 April, the City has $17.6 million reported in the combined general governmental fund balance of the current  year’s operating budget, which is approximately 16% of budgeted operating expenditures.  This is an increase of $131k from  the year’s beginning balance.  April’s ending fund balance is under the anticipated General Governmental Fund Balance of  $19.5 million by $1.9 million or 9.9%.  The fund balance variance is due to the timing of receipting property taxes in April  and May.  The fund balance will be back to normal variances after May.      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 12 of 36 Monthly Financial Report April 2014      City  of Renton All Funds ‐ Revenue, Expenditures and Fund  Balances Cash  Basis through April 30, 2014 Funds Balance  01/01/2014 Budgeted  Revenue Revenue  04/30/14 Total Funds  Available Budgeted  Expenditure Expenditure  04/30/14 Ending   Balance GENERAL GOVERNMENT FUNDS:17,454,261 107,476,905 32,250,423   49,704,684   111,626,502 32,119,009   17,585,676  000 General 12,515,053 77,540,984   22,290,021   34,805,074   81,920,905   25,136,895   9,668,179    001 Community Services 2,124,598   11,706,752   3,669,101     5,793,699     11,693,059   3,014,059     2,779,640    003 Street 1,667,393   9,028,020     2,910,328     4,577,721     9,028,020     2,873,922     1,703,799    004 Community Dev Block Grant (229,834)     548,203        304,785        74,951          308,172        85,986          (11,035)        005 Museum 52,979        226,683        56,698          109,677        226,683        66,789          42,888         009 Farmers  Market 98,826        60,400          8,671            107,497        83,322          20,596          86,901         011 Fire  Health & Wellness 55,094        25,000          8,349            63,443          25,000          3,745            59,698         031 Park  Memorial 478             ‐                    ‐                    478               478               478               ‐                   201 Ltd  GO Bonds  Gen Govt Debt 833,717      1,749,705     438,248        1,271,965     1,749,705     ‐                    1,271,965    215 Gen Govt Misc Debt Service 335,957      6,591,158     2,564,221     2,900,178     6,591,158     916,538        1,983,640    SPECIAL REVENUE FUNDS: 102 Arterial  Street 192,689      633,000        194,835        387,524        810,000        ‐                    387,524       108 Leased  City Properties 549,887      833,071        215,831        765,718        853,626        183,953        581,765       110 Hotel  Motel 185,606      265,000        59,442          245,048        315,693        41,075          203,973       125 1% For Art 97,771        15,000          91                 97,862          50,000          7,050            90,812         127 Cable  Communication 284,632      85,674          64,888          349,520        85,674          17,074          332,446       135 Springbrook Wetlands  Bank 667,613      ‐                    645               668,258        ‐                    ‐                    668,258       CAPITAL PROJECT FUNDS (CIP): 303 Community Dev Mitigation 934,618      60,000          63,000          997,618        ‐                    ‐                    997,618       304 Fire  Mitigation 646,165      50,000          87,424          733,589        ‐                    ‐                    733,589       305 Transportation  Mitigation 486,185      40,000          120,662        606,847        200,000        ‐                    606,847       316 Municipal Facilities CIP 5,083,524   3,070,672     700,324        5,783,848     7,921,548     1,192,963     4,590,885    317 Transportation  CIP 2,687,303   18,857,104   1,534,784     4,222,087     20,835,072   4,484,917     (262,830)      318 So Lake  WA Infrastructure  Proj 9,012          ‐                    9                   9,021            9,012            ‐                    9,021           326 Housing Opportunity 84,599        1,000,000     81                 84,680          75,000          ‐                    84,680         336 New Library Development 19,571,748 450,000        18,844          19,590,592   20,021,748   293,086        19,297,506  ENTERPRISE FUNDS: 402 Airport 191,466      1,505,636     846,150        1,037,616     1,496,624     525,331        512,285       403 Solid Waste Utility 1,344,883   16,419,820   6,024,931     7,369,814     16,508,948   4,628,020     2,741,794    404 Golf Course 33,445        2,487,449     461,491        494,936        2,522,025     635,612        (140,676)      422 Airport Capital 1,478,098   15,878,548   652,865        2,130,963     17,331,646   885,661        1,245,302    424 Golf Course  Capital 285,716      50,000          16,939          302,655        193,894        17,397          285,258       INTERNAL SERVICE FUNDS: 501 Equipment Repair/Replacement 3,935,088   4,361,968     1,452,162     5,387,250     4,829,709     1,107,988     4,279,262    502 Insurance 7,630,077   7,344,062     1,113,482     8,743,559     3,188,983     1,610,251     7,133,308    503 Information Services 2,216,612   4,010,222     1,337,879     3,554,491     5,358,145     1,243,080     2,311,411    504 Facilities 1,167,714   4,105,749     1,421,092     2,588,806     4,505,641     1,207,091     1,381,715    505 Communications 347,771      896,374        315,643        663,414        917,403        283,204        380,210       512 Insurance, Healthcare 6,934,304   11,622,068   3,911,594     10,845,898   12,062,456   4,374,238     6,471,660    522 Insurance, Leoff1 Retirees  HC 7,207,703   1,735,684     620,637        7,828,340     1,738,162     339,500        7,488,840    FIDUCIARY FUNDS: 611 Firemen's  Pension 4,790,247   300,000        2,534            4,792,781     225,475        60,226          4,732,555    Funds Balance  01/01/2014 Budgeted  Revenue Revenue  04/30/14 Total Funds  Available Budgeted  Expenditure Expenditure  04/30/14 Ending   Balance ENTERPRISE FUNDS: COMBINED  UTILITIES 27,993,165 62,804,226   17,743,960   45,737,125   68,486,436   13,007,542   32,729,583  405 Water Utility 8,523,106   13,765,149   4,915,573     13,438,679   11,453,942   2,566,620     10,872,059  406 Waste Water Utility 2,578,193   7,263,934     3,157,545     5,735,738     5,544,029     1,389,930     4,345,808    407 Surface  Water Utility 4,342,360   4,867,612     3,441,387     7,783,747     6,996,129     1,590,810     6,192,937    416 King  County Metro 2,603,562   15,202,336   4,987,542     7,591,104     15,202,336   4,867,459     2,723,645    425 Water Utility Construction 3,811,904   4,385,000     49,763          3,861,667     7,771,000     803,780        3,057,887    426 Waste Water Construction 2,950,173   4,900,000     195,596        3,145,769     7,055,000     759,639        2,386,130    427 Surface Water Construction 3,167,925   12,420,195   996,539        4,164,464     14,464,000   1,029,304     3,135,160    471 Waterworks  Rate Stabilization 15,942        ‐                    15                 15,957          ‐                    ‐                    15,957         Note:  Waterworks  Utility Funds are managed as a  system and are designated by the  dotted lines.  Page 13 of 36 City of Renton General Government Financial Position 2014 Budget Year General Government Summary  Revenues Expenditures  $ Difference over (under)  w/beginning  balance  17,454,261             January 5,710,991              8,047,088              (2,336,097)             15,118,164             February 12,530,792            15,890,655            (3,359,862)             14,094,399             March 19,541,262            23,627,952            (4,086,690)             13,367,571             April 32,250,423            32,119,009            131,414                  17,585,675             May June July August September October November December (3,000,000) (2,000,000) (1,000,000) ‐ 1,000,000  70,000,000  80,000,000  90,000,000  100,000,000  110,000,000  Change in Fund  Balance Rev/Exp Revenues Expenditures Change in Fund Balance (9,000,000) (8,000,000) (7,000,000) (6,000,000) (5,000,000) (4,000,000) ‐ 10,000,000  20,000,000  30,000,000  40,000,000  50,000,000  60,000,000  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Page 14 of 36 City of Renton Monthly Revenue Analysis ‐ 2014 Budget Year General  Government Budget YTD Actual Annual %  over (under) Jan 5,848,043        5,710,991         ‐2.34% Feb 11,902,762      12,530,792      5.28% Mar 17,726,513      19,541,262      10.24% Apr 34,984,794      32,250,423       ‐7.82% May 46,880,092       Jun 52,175,800       Jul 58,687,597       Aug 64,177,424       Sep 69,709,373       Oct 87,077,580       Nov 100,529,440     Dec 107,476,905     Percent of budget 30.01% YTD Annual %  $‐ $10  $20  $30  $40  $50  $60  $70  $80  $90  $100  $110  Millions Total Revenue General Government Budget Actual Last Year $36 Millions Property Tax Property Tax Budget Actual over (under) Jan 162,468           (101,807)           ‐162.66% Feb 221,564           74,744               ‐66.27% Mar 1,182,448        1,701,026        43.86% Apr 11,815,359      7,509,891         ‐36.44% May 18,180,258       Jun 18,250,621       Jul 18,542,776       Aug 18,546,494       Sep 19,130,963       Oct 29,751,020       Nov 34,808,607       Dec 35,240,495       Percent of budget 21.31% $(3) $‐ $3  $6  $9  $12  $15  $18  $21  $24  $27  $30  $33  $36  Budget Actual Last Year Page 15 of 36 City of Renton Monthly Revenue Analysis ‐ 2014 Budget Year Sales Tax Budget YTD Actual Annual %  over (under) Jan 1,780,130        1,796,358        0.91% Feb 4,049,868        4,122,324        1.79% Mar 5,735,971        5,867,541        2.29% Apr 7,449,682        7,607,062        2.11% May 9,403,295         Jun 11,160,683       Jul 12,941,079       Aug 14,856,274       Sep 16,674,205       Oct 18,600,929       Nov 20,542,214       Dec 22,432,262       Percent of budget 33.91% Note:  Excludes CJ Sales Tax and Natural Gas Use Tax. YTD Annual %  $‐ $3  $6  $9  $12  $15  $18  $21  $24  Millions Sales Tax Budget Actual Last Year $16 Millions Utility Tax Utility Tax Budget Actual over (under) Jan 1,372,593        1,373,119        0.04% Feb 2,862,943        2,897,682        1.21% Mar 4,173,577        4,529,120        8.52% Apr 5,637,269        5,748,119        1.97% May 7,000,058         Jun 8,151,130         Jul 9,449,365         Aug 10,668,223       Sep 12,034,563       Oct 13,138,008       Nov 14,360,964       Dec 15,859,850       Percent of budget 36.24% Note:  Includes Natural Gas Use Tax. $‐ $2  $4  $6  $8  $10  $12  $14  $16  Budget Actual Last Year Page 16 of 36 City of Renton Monthly Revenue Analysis ‐ 2014 Budget Year Licenses &  Permits Budget YTD Actual Annual %  over (under) Jan 283,179           404,067           42.69% Feb 483,298           718,566           48.68% Mar 687,979           929,709           35.14% Apr 1,005,116        1,321,521        31.48% May 1,238,954         Jun 1,452,511         Jul 1,758,517         Aug 2,047,093         Sep 2,213,029         Oct 2,636,671         Nov 2,886,417         Dec 3,129,504         Percent of budget 42.23% Note:  Franchise Fees YTD Annual % Millions Intergovernmental $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  Millions Licenses & Permits Budget Actual Last Year Intergovt'l Budget Actual over (under) Jan 801,032           846,109           5.63% Feb 1,641,056        1,714,034        4.45% Mar 2,013,994        2,206,902        9.58% Apr 3,092,667        3,273,493        5.85% May 3,429,438         Jun 4,029,183         Jul 4,814,027         Aug 5,521,461         Sep 6,003,563         Oct 7,491,064         Nov 11,328,975       Dec 12,065,651       Percent of budget 27.13% Note:  Includes CJ Sales Tax and FD25 & FD40 contracts $‐ $1  $2  $3  $4  $5  $6  $7  $8  $9  $10  $11  $12  Millions Budget Actual Last Year Page 17 of 36 City of Renton Monthly Revenue Analysis ‐ 2014 Budget Year Charges for  Services Budget YTD Actual Annual %  over (under) Jan 466,134           669,010           43.52% Feb 1,002,386        1,198,034        19.52% Mar 1,548,420        1,831,413        18.28% Apr 2,214,131        2,482,936        12.14% May 2,816,212         Jun 3,402,473         Jul 4,200,894         Aug 4,887,074         Sep 5,421,972         Oct 6,024,642         Nov 6,558,687         Dec 7,158,086         Percent of budget 34.69% Note: Excludes FD25 & FD40 contracts Fines & YTD Annual %  $‐ $1  $2  $3  $4  $5  $6  $7  $8  Millions Charges for Services Budget Actual Last Year Millions Fines & Forfeits Forfeits Budget Actual over (under) Jan 182,703           136,762            ‐25.15% Feb 433,957           288,232            ‐33.58% Mar 710,777           491,714            ‐30.82% Apr 1,023,092        755,499            ‐26.16% May 1,332,708         Jun 1,639,716         Jul 1,909,496         Aug 2,087,621         Sep 2,257,534         Oct 2,506,763         Nov 2,736,768         Dec 3,058,500         Percent of budget 24.70% $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  Budget Actual Last Year Page 18 of 36 City of Renton Monthly Revenue Analysis ‐ 2014 Budget Year Other Taxes Budget YTD Actual Annual %  over (under) Jan 618,804           343,410            ‐44.50% Feb 967,476           1,173,666        21.31% Mar 1,284,796        1,511,820        17.67% Apr 2,265,235        3,008,720        32.82% May 2,795,353         Jun 3,283,530         Jul 4,149,876         Aug 4,516,933         Sep 4,839,916         Oct 5,713,265         Nov 6,010,796         Dec 6,563,000         Percent of budget 45.84% YTD Annual % Millions Miscellaneous $‐ $1  $2  $3  $4  $5  $6  $7  $8  Millions Other Taxes Budget Actual Last Year Misc Budget Actual over (under) Jan 180,999           243,963           34.79% Feb 240,215           343,510           43.00% Mar 388,551           469,642           20.87% Apr 482,243           539,736           11.92% May 683,818            Jun 805,952            Jul 921,566            Aug 1,046,251         Sep 1,133,629         Oct 1,215,219         Nov 1,296,012         Dec 1,969,557         Percent of budget 27.40% $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60  $1.80  $2.00 Budget Actual Last Year Page 19 of 36 City of Renton Monthly Revenue Analysis ‐ 2014 Budget Year Other  Financing Budget YTD Actual Annual %  over (under) Jan ‐                          ‐                         N/A Feb ‐                          ‐                         N/A Mar ‐                         2,375                100.00% Apr ‐                         3,447                100.00% May ‐                          Jun ‐                          Jul ‐                          Aug ‐                          Sep ‐                          Oct ‐                          Nov ‐                          Dec ‐                          Percent of budget 100.00% $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 Other Financing Sources Budget Actual Last Year Page 20 of 36 City of Renton Monthly Revenue Analysis ‐ 2014 Budget Year REET Budget YTD Actual Annual %  over (under) Jan 94,134              162,143           72.25% Feb 278,168           610,596           119.51% Mar 438,277           838,225           91.25% Apr 577,013           1,747,345        202.83% May 777,722            Jun 1,021,902         Jul 1,207,067         Aug 1,413,460         Sep 1,591,955         Oct 1,783,413         Nov 2,023,852         Dec 2,900,000         Percent of budget 60.25% Bldg Permits &  Devlpmt Svc YTD Annual %  $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  $4.50  Millions Real Estate Excise Tax Budget Actual Last Year Millions Building Permits and Development Service  Fees Budget Actual over (under) Jan 251,556           432,890           72.09% Feb 467,244           845,207           80.89% Mar 753,544           1,233,397        63.68% Apr 1,069,262        1,607,401        50.33% May 1,390,140         Jun 1,668,571         Jul 1,976,502         Aug 2,328,357         Sep 2,542,968         Oct 2,975,045         Nov 3,313,782         Dec 3,705,701         Percent of budget 43.38% $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  Millions Fees Budget Actual Last Year Page 21 of 36 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year General  Government Budget YTD Actual Annual %  over (under) Jan 7,656,884        8,047,088        5.10% Feb 16,346,895      15,890,655       ‐2.79% Mar 24,067,020      23,627,952       ‐1.82% Apr 32,912,955      32,119,009       ‐2.41% May 46,011,003       Jun 54,927,418       Jul 64,644,477       Aug 73,936,346       Sep 83,251,821       Oct 92,225,305       Nov 101,392,393     Dec 111,626,501     Percent of budget expended 28.77% YTD Annual %  $‐ $10  $20  $30  $40  $50  $60  $70  $80  $90  $100  $110  $120  Millions Total Expenditures General Government Budget Actual Last Year $350 000 Legislative Legislative Budget Actual over (under) Jan 24,713              23,569               ‐4.63% Feb 50,791              55,960              10.18% Mar 77,175              84,100              8.97% Apr 103,348           108,911           5.38% May 128,959            Jun 154,624            Jul 180,383            Aug 205,498            Sep 231,042            Oct 256,847            Nov 282,568            Dec 309,907            Percent of budget expended 35.14% $‐ $50,000  $100,000  $150,000  $200,000  $250,000  $300,000  $350,000  Budget Actual Last Year Page 22 of 36 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Executive Budget YTD Actual Annual %  over (under) Jan 80,412              76,257               ‐5.17% Feb 197,216           186,396            ‐5.49% Mar 316,702           296,472            ‐6.39% Apr 439,720           407,807            ‐7.26% May 557,592            Jun 661,840            Jul 776,168            Aug 891,836            Sep 997,727            Oct 1,110,465         Nov 1,222,415         Dec 1,359,996         Percent of budget expended 29.99% YTD Annual %  $‐ $0.30  $0.60  $0.90  $1.20  $1.50  Millions Executive Budget Actual Last Year $2 00 Millions City Attorney City Attorney Budget Actual over (under) Jan 143,108           135,206            ‐5.52% Feb 289,153           276,371            ‐4.42% Mar 435,055           419,299            ‐3.62% Apr 589,689           562,501            ‐4.61% May 731,578            Jun 882,055            Jul 1,024,858         Aug 1,170,538         Sep 1,323,502         Oct 1,482,556         Nov 1,626,768         Dec 1,863,395         Percent of budget expended 30.19% $‐ $0.40  $0.80  $1.20  $1.60  $2.00 Budget Actual Last Year Page 23 of 36 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Court Services Budget YTD Actual Annual %  over (under) Jan 163,940           159,512            ‐2.70% Feb 331,204           323,167            ‐2.43% Mar 499,924           487,984            ‐2.39% Apr 676,750           660,115            ‐2.46% May 849,947            Jun 1,039,155         Jul 1,215,215         Aug 1,385,662         Sep 1,555,116         Oct 1,726,270         Nov 1,897,359         Dec 2,094,010         Percent of budget expended 31.52% YTD Annual %  $‐ $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 Millions Community & Economic Dl Ad iCED Admin Budget Actual over (under) Jan 83,847              83,232               ‐0.73% Feb 167,836           166,457            ‐0.82% Mar 252,105           249,681            ‐0.96% Apr 338,988           333,812            ‐1.53% May 421,256            Jun 504,064            Jul 586,980            Aug 669,788            Sep 752,773            Oct 835,539            Nov 918,100            Dec 1,012,142         Percent of budget expended 32.98% $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  Millions Development Admin Budget Actual Last Year Page 24 of 36 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Development  Services Budget YTD Actual Annual %  over (under) Jan 245,147           216,780            ‐11.57% Feb 475,540           437,105            ‐8.08% Mar 710,754           683,399            ‐3.85% Apr 967,749           931,956            ‐3.70% May 1,211,026         Jun 1,463,648         Jul 1,721,037         Aug 1,995,920         Sep 2,250,357         Oct 2,519,009         Nov 2,776,952         Dec 3,040,435         Percent of budget expended 30.65% Economic YTD Annual %  $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  Millions Development Services Budget Actual Last Year Millions Economic Development Development Budget Actual over (under) Jan 79,265              36,443               ‐54.02% Feb 121,101           80,671               ‐33.39% Mar 166,928           136,650            ‐18.14% Apr 216,402           186,131            ‐13.99% May 261,778            Jun 312,460            Jul 365,766            Aug 423,762            Sep 475,562            Oct 526,555            Nov 583,152            Dec 644,063            Percent of budget expended 28.90% $‐ $0.10  $0.20  $0.30  $0.40  $0.50  $0.60  $0.70  Millions Budget Actual Last Year Page 25 of 36 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Planning Budget YTD Actual Annual %  over (under) Jan 176,776           123,910            ‐29.91% Feb 364,981           264,152            ‐27.63% Mar 549,854           426,860            ‐22.37% Apr 735,514           584,673            ‐20.51% May 921,326            Jun 1,108,350         Jul 1,296,003         Aug 1,501,983         Sep 1,703,471         Oct 1,879,353         Nov 2,062,499         Dec 2,261,206         Percent of budget expended 25.86% YTD Annual % $2 40 Millions Finance $‐ $0.50  $1.00  $1.50  $2.00  $2.50  Millions Planning Budget Actual Last Year Finance Budget Actual over (under) Jan 153,798           161,643           5.10% Feb 309,673           331,528           7.06% Mar 474,196           505,966           6.70% Apr 647,301           678,686           4.85% May 825,083            Jun 1,006,594         Jul 1,192,630         Aug 1,381,616         Sep 1,546,956         Oct 1,701,753         Nov 1,852,570         Dec 2,334,758         Percent of budget expended 29.07% $‐ $0.40  $0.80  $1.20  $1.60  $2.00  $2.40 Budget Actual Last Year Page 26 of 36 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year City Clerk Budget YTD Actual Annual %  over (under) Jan 64,003              62,855               ‐1.79% Feb 132,897           183,252           37.89% Mar 216,913           380,731           75.52% Apr 292,782           446,560           52.52% May 498,004            Jun 563,065            Jul 745,933            Aug 827,964            Sep 901,085            Oct 973,200            Nov 1,046,567         Dec 1,125,927         Percent of budget expended 39.66% Includes Hearing Examiner Human YTD Annual % $1 00 Millions Human Resources $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  Millions City Clerk Budget Actual Last Year Resources Budget Actual over (under) Jan 72,706              63,751               ‐12.32% Feb 152,715           131,247            ‐14.06% Mar 239,432           203,164            ‐15.15% Apr 320,251           294,344            ‐8.09% May 397,478            Jun 489,534            Jul 572,574            Aug 658,226            Sep 739,793            Oct 822,360            Nov 907,045            Dec 1,002,994         Percent of budget expended 29.35% $‐ $0.20  $0.40  $0.60  $0.80  $1.00  Budget Actual Last Year Page 27 of 36 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Police Budget YTD Actual Annual %  over (under) Jan 2,445,788        2,620,270        7.13% Feb 4,883,369        4,935,606        1.07% Mar 7,300,805        7,538,512        3.26% Apr 9,820,439        9,787,131         ‐0.34% May 12,723,189       Jun 15,133,723       Jul 17,838,638       Aug 20,173,278       Sep 22,849,319       Oct 25,195,504       Nov 27,818,990       Dec 30,425,197       Percent of budget expended 32.17% Fire &  Emergency YTD Annual %  $‐ $3  $6  $9  $12  $15  $18  $21  $24  $27  $30  $33  Millions Police Budget Actual Last Year $27 Millions Fire & Emergency Services Services Budget Actual over (under) Jan 2,041,819        2,561,083        25.43% Feb 4,847,480        4,745,812         ‐2.10% Mar 6,854,096        6,727,201         ‐1.85% Apr 8,855,803        8,701,872         ‐1.74% May 11,028,108       Jun 13,014,291       Jul 15,006,605       Aug 17,030,818       Sep 19,036,886       Oct 21,071,064       Nov 23,133,937       Dec 25,219,873       Percent of budget expended 34.50% $‐ $3  $6  $9  $12  $15  $18  $21  $24  $27  Budget Actual Last Year Page 28 of 36 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Community  Services Admin Budget YTD Actual Annual %  over (under) Jan 42,394              36,113               ‐14.82% Feb 82,537              75,787               ‐8.18% Mar 122,781           120,240            ‐2.07% Apr 164,144           158,781            ‐3.27% May 205,095            Jun 245,774            Jul 286,244            Aug 326,379            Sep 366,052            Oct 405,523            Nov 447,189            Dec 493,982            Percent of budget expended 32.14% YTD Annual % $4 50 Millions Parks $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 Community Services Admin Budget Actual Last Year Parks Budget Actual over (under) Jan 292,322           271,473            ‐7.13% Feb 598,427           555,521            ‐7.17% Mar 920,103           856,188            ‐6.95% Apr 1,273,822        1,154,945         ‐9.33% May 1,614,058         Jun 1,979,168         Jul 2,366,921         Aug 2,777,634         Sep 3,184,127         Oct 3,574,538         Nov 3,939,495         Dec 4,311,514         Percent of budget expended 26.79% $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  $4.50 Budget Actual Last Year Page 29 of 36 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Parks Planning  and Natural  Resources Budget YTD Actual Annual %  over (under) Jan 49,228              43,855               ‐10.91% Feb 101,030           90,409               ‐10.51% Mar 166,883           148,948            ‐10.75% Apr 229,214           201,429            ‐12.12% May 301,827            Jun 366,732            Jul 431,978            Aug 495,631            Sep 564,205            Oct 636,195            Nov 702,081            Dec 880,373            Percent of budget expended 22.88% YTD Annual %  $‐ $100,000  $200,000  $300,000  $400,000  $500,000  $600,000  $700,000  $800,000  $900,000  Parks Planning and Natural Resources Budget Actual Last Year $5 50 Millions Recreation Recreation Budget Actual over (under) Jan 317,480           278,944            ‐12.14% Feb 677,093           603,208            ‐10.91% Mar 1,041,360        928,117            ‐10.87% Apr 1,429,365        1,262,485         ‐11.68% May 1,793,244         Jun 2,188,393         Jul 2,809,941         Aug 3,479,188         Sep 3,980,445         Oct 4,344,574         Nov 4,701,254         Dec 5,111,272         Percent of budget expended 24.70% $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 $5.50 Budget Actual Last Year Page 30 of 36 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Human  Services Budget YTD Actual Annual %  over (under) Jan 54,337              47,594               ‐12.41% Feb 134,179           143,610           7.03% Mar 251,034           249,760            ‐0.51% Apr 389,020           385,688            ‐0.86% May 471,784            Jun 540,831            Jul 679,987            Aug 748,949            Sep 802,062            Oct 950,120            Nov 1,027,713         Dec 1,221,989         Percent of budget expended 31.56% Neighborhoods , Resources, YTD Annual %  $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  Millions Human Services Budget Actual Last Year $1 000 000 Neighborhoods, Resources, and Events and Events Budget Actual over (under) Jan 68,622              57,193               ‐16.66% Feb 131,885           146,776           11.29% Mar 210,347           200,847            ‐4.52% Apr 280,168           257,492            ‐8.09% May 348,656            Jun 436,118            Jul 544,155            Aug 631,090            Sep 711,521            Oct 785,130            Nov 890,176            Dec 979,716            Percent of budget expended 26.28% $‐ $100,000  $200,000  $300,000  $400,000  $500,000  $600,000  $700,000  $800,000  $900,000  $1,000,000  Budget Actual Last Year Page 31 of 36 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Museum Fund Budget YTD Actual Annual %  over (under) Jan 18,447              16,819               ‐8.82% Feb 37,132              33,387               ‐10.09% Mar 55,837              49,955               ‐10.53% Apr 75,357              66,789               ‐11.37% May 94,204               Jun 113,251            Jul 131,932            Aug 150,895            Sep 169,970            Oct 189,000            Nov 208,138            Dec 226,683            Percent of budget expended 29.46% Public Works YTD Annual % $500 000 Public Works Admin $‐ $30,000  $60,000  $90,000  $120,000  $150,000  $180,000  $210,000  $240,000  Museum Fund Budget Actual Last Year Admin Budget Actual over (under) Jan 40,644              31,793               ‐21.78% Feb 81,126              63,574               ‐21.64% Mar 121,691           95,355               ‐21.64% Apr 164,065           127,778            ‐22.12% May 203,500            Jun 241,286            Jul 277,486            Aug 314,166            Sep 350,422            Oct 385,541            Nov 420,605            Dec 456,340            Percent of budget expended 28.00% $‐ $50,000  $100,000  $150,000  $200,000  $250,000  $300,000  $350,000  $400,000  $450,000  $500,000  Budget Actual Last Year Page 32 of 36 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Street  Maintenance Budget YTD Actual Annual %  over (under) Jan 348,761           311,026            ‐10.82% Feb 744,828           658,352            ‐11.61% Mar 1,110,350        980,862            ‐11.66% Apr 1,489,239        1,423,475         ‐4.42% May 1,853,405         Jun 2,241,891         Jul 2,607,657         Aug 2,962,105         Sep 3,328,647         Oct 3,699,390         Nov 4,070,992         Dec 4,488,268         Percent of budget expended 31.72% YTD Annual %  $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  $4.50  Millions Street Maintenance Budget Actual Last Year $5 0 Millions Transportation Transportation Budget Actual over (under) Jan 299,741           278,181            ‐7.19% Feb 664,652           632,259            ‐4.87% Mar 1,036,278        921,240            ‐11.10% Apr 1,468,622        1,450,448         ‐1.24% May 1,810,444         Jun 2,129,219         Jul 2,522,140         Aug 2,918,281         Sep 3,263,752         Oct 3,635,898         Nov 3,985,013         Dec 4,539,752         Percent of budget expended 31.95% $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 $4.5 $5.0 Budget Actual Last Year Page 33 of 36 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Debt Service Budget YTD Actual Annual %  over (under) Jan 51,520              51,520              0.00% Feb 302,837           302,837           0.00% Mar 303,355           303,355           0.00% Apr 916,538           916,538           0.00% May 3,475,360         Jun 4,170,432         Jul 4,865,503         Aug 5,560,575         Sep 6,255,647         Oct 6,950,719         Nov 7,645,791         Dec 8,340,863         Percent of budget expended 10.99% Non‐ Departmental YTD Annual % $8 00 Millions Non‐Departmental Other City Services $‐ $1  $2  $3  $4  $5  $6  $7  $8  $9  Millions Debt Service Budget Actual Last Year Other City Budget Actual over (under) Jan 298,065           298,065           0.00% Feb 467,210           467,210           0.00% Mar 633,063           633,063           0.00% Apr 1,028,664        1,028,664        0.00% May 3,284,102         Jun 3,940,922         Jul 4,597,742         Aug 5,254,563         Sep 5,911,383         Oct 6,568,203         Nov 7,225,024         Dec 7,881,844         Percent of budget expended 13.05% $‐ $1.00  $2.00  $3.00  $4.00  $5.00  $6.00  $7.00  $8.00 Budget Actual Last Year Page 34 of 36 City of Renton Monthly Enterprise Fund Financial Report ‐ 2014 Budget Year Utilities Budget Revenue Expense Jan 4,282,421        6,606,636      3,795,307       Feb 9,839,723        11,939,236    8,329,760       Mar 17,394,389      17,397,529    13,080,021     Apr 23,769,707      23,768,876    17,635,562     May 30,978,426       Jun 39,309,642       Jul 47,343,798       Aug 54,078,194       Sep 61,661,742       Oct 67,509,352       Nov 73,767,095       Dec 84,995,384       Percent of budget expended 17.53% Note:  Operations and Capital $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 Millions Utilities Budget Revenue Expense $20 00 Millions Airport Airport Budget Revenue Expense Jan 211,065           292,698          108,595           Feb 433,615           639,757          472,632           Mar 878,150           1,015,941      1,226,930       Apr 1,081,496        1,499,014      1,410,992       May 2,139,080         Jun 3,390,971         Jul 5,546,997         Aug 11,430,266       Sep 12,053,858       Oct 17,677,109       Nov 17,970,642       Dec 18,828,270       Percent of budget expended 7.49% Note:  Operations and Capital $‐ $2.00  $4.00  $6.00  $8.00  $10.00  $12.00  $14.00  $16.00  $18.00  $20.00  Budget Revenue Expense Page 35 of 36 City of Renton Monthly Enterprise Fund Financial Report ‐ 2014 Budget Year Golf Course Budget Revenue Expense Jan 148,339           83,199            128,950           Feb 311,204           157,539          295,744           Mar 506,698           276,011          463,052           Apr 746,715           478,430          653,009           May 929,343            Jun 1,151,882         Jul 1,346,835         Aug 1,533,049         Sep 1,729,746         Oct 1,916,501         Nov 2,077,100         Dec 2,715,919         Percent of budget expended 24.04% 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 36 of 36