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HomeMy WebLinkAbout201412, December.pdf ADMINISTRATIVE SERVICES  DEPARTMENT    M   E   M   O   R   A   N   D   U   M       DATE: February 12, 2015    TO: Ed Prince, Council President  Members of the Renton City Council     CC: Denis Law, Mayor  Administrators     FROM: Hai Nguyen, Sr. Finance Analyst     SUBJECT: December 2014 Financial Status Report       At the end of December, general governmental revenues show $1.2 million or 1.1% over  budget.  Revenues sources that are higher than expected are: sales tax ($227k); sales tax  annexation credit ($306k); state shared revenue ($530k); utility taxes ($116k); real estate excise  tax ($349k); and interest and other earnings ($211k).  On the down side, the revenue sources  that are underperforming the year to date budget are: building permits & development service  fees ($252k); fines/penalties ($376k below) and seizure funds ($112k).    General government expenditures showed a favorable variance of $2.6 million or 2.3%.  See  page 10 of report for further expenditure over‐spent explanations.    The attached report provides more detailed discussion of each revenue source and our updated  projections for the year.  Please do not hesitate to contact me at x6952 should you have any  questions or any suggestions about the report.         This page is intentionally left blank        General Governmental Funds $% Beginning Fund Balance 11,057,551$     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        33,466,364     32,485,690          32,485,690     35,240,495       35,240,495    35,295,390      54,895             0.2% Sales Tax 18,564,670        18,564,670     20,416,372          20,416,372     21,285,392       21,285,392    21,512,379      226,987          1.1% Sales Tax ‐ Annexation Credit 2,208,492           2,208,492        2,418,789             2,418,789        2,236,262          2,236,262       2,542,394         306,132          13.7% Criminal Justice Sales  Tax 1,924,470           1,924,470        2,091,174             2,091,174        2,000,000          2,000,000       2,267,947         267,947          13.4% Natural Gas Use Tax 272,530                272,530            263,660                  263,660             300,000               300,000            271,485             (28,515)            ‐9.5% Admission Tax 311,054                311,054            327,258                  327,258             308,000               308,000            310,311             2,311                0.8% Franchise Fees 1,262,188           1,262,188        1,312,727             1,312,727        1,260,000          1,260,000       1,342,269         82,269             6.5% Electricity Tax 5,211,111           5,211,111        5,155,789             5,155,789        5,409,000          5,409,000       5,167,444         (241,556)         ‐4.5% Natural Gas Utility Tax 1,669,967           1,669,967        1,550,900             1,550,900        1,500,520          1,500,520       1,562,341         61,821             4.1% Garbage/Solid Waste 330,607                330,607            397,596                  397,596             300,000               300,000            573,457             273,457          91.2% TV Cable 1,423,664           1,423,664        1,481,779             1,481,779        1,529,365          1,529,365       1,518,821         (10,544)             ‐0.7% Telephone 1,056,420           1,056,420        917,021                  917,021             952,500               952,500            909,088             (43,412)             ‐4.6% Cellular Phone 2,183,853           2,183,853        2,050,312             2,050,312        2,077,000          2,077,000       1,951,925         (125,075)          ‐6.0% City Utilities 3,806,281           3,806,281        3,964,989             3,964,989        3,791,465          3,791,465       3,961,052         169,587          4.5% Utility Tax Audit ‐                            ‐                        ‐                              ‐                         400,000               400,000            460,513             60,513             15.1% Leasehold Excise  Tax 158,849                158,849            164,637                  164,637             145,000               145,000            171,470             26,470             18.3% Gambling Excise  Tax 1,691,209           1,691,209        1,319,585             1,319,585        1,600,000          1,600,000       1,650,384         50,384             3.1% Real  Estate Excise  Tax 2,811,902           2,811,902        4,131,665             4,131,665        4,000,000          4,000,000       4,348,762         348,762          8.7% Less: CIP REET (943,792)              (943,792)           (700,000)                (700,000)           (1,650,000)         (1,650,000)      (1,650,000)       ‐                      0.0% EMS Levy 885,781                885,781            916,361                  916,361             900,000               900,000            916,361             16,361             1.8% Business  License Fees 444,680                444,680            503,766                  503,766             533,067               533,067            515,555             (17,512)            ‐3.3% Animal  Licenses and Spec Events  Permits 91,835                   91,835               99,411                     99,411                90,000                  90,000               95,698                5,698                6.3% Building Permits & Development Svc Fees 3,552,369           3,552,369        4,001,625             4,001,625        4,771,087          4,771,087       4,519,234         (251,853)          ‐5.3% Intergovt'l (Grants, State Shared, etc) 4,593,185           4,593,185        3,863,974             3,863,974        4,348,873          4,348,873       4,522,540         173,667          4.0% Fire District 25 and 40 Contracts 6,155,621           6,155,621        5,726,895             5,726,895        5,877,463          5,877,463       5,957,394         79,931             1.4% Public Safety 485,899                485,899            680,581                  680,581             774,535               774,535            846,409             71,874             9.3% Culture and Recreation 1,494,165           1,494,165        1,494,580             1,494,580        1,525,863          1,525,863       1,485,123         (40,740)            ‐2.7% Interfund/Interdept‐Services 3,311,715           3,311,715        3,464,913             3,464,913        3,332,794          3,332,794       3,270,503         (62,291)            ‐1.9% Fines and Penalties 1,046,246           1,046,246        1,137,140             1,137,140        1,108,500          1,108,500       962,977             (145,523)         ‐13.1% Photo Enforcement 1,976,203           1,976,203        1,629,524             1,629,524        1,950,000          1,950,000       1,719,971         (230,029)         ‐11.8% Seizure Funds ‐ Federal/State/Local 37,941                   37,941               50,639                     50,639                180,693               180,693            68,870                (111,823)         ‐61.9% Interests and Other Earnings 342,424                342,424            423,609                  423,609             770,300               770,300            981,630             211,330          27.4% Rents, Leases, and Concessions 822,428                822,428            734,530                  734,530             756,464               756,464            711,070             (45,394)            ‐6.0% Contributions and Donations 124,082                124,082            84,320                     84,320                96,100                  96,100               113,626             17,526             18.2% Other Miscellaneous 564,571                564,571            684,187                  684,187             861,924               861,924            879,105             17,181             2.0% Other Financing Sources  (Transfer‐In, etc) 5,118,188           5,118,188        299,527                  299,527             ‐                           ‐                        48,632                48,632             100.0% Total Operating Revenues 108,457,170     108,457,170  105,545,527       105,545,527  110,562,662    110,562,662 111,782,133   1,219,471      1.1% OPERATING EXPENDITURES Council 278,768                278,768            289,911                  289,911             309,907               309,907            309,317             590                     0.2% Executive 1,377,109           1,377,109        1,240,910             1,240,910        1,359,996          1,359,996       1,338,738         21,258             1.6% City Attorney 1,706,320           1,706,320        1,922,225             1,922,225        1,863,395          1,863,395       1,829,254         34,141             1.8% Court Services 2,074,980           2,074,980        2,003,104             2,003,104        2,094,010          2,094,010       2,016,273         77,738             3.7% Community and Eco  Dvlpmnt Admin 942,071                942,071            1,047,860             1,047,860        1,012,142          1,012,142       1,010,761         1,381                0.1% Development Services 3,103,568           3,103,568        3,243,702             3,243,702        3,040,435          3,040,435       2,659,078         381,357          12.5% Economic Development 529,043                529,043            467,511                  467,511             722,780               722,780            654,007             68,773             9.5% Planning 1,482,233           1,482,233        1,510,707             1,510,707        2,261,206          2,261,206       2,095,706         165,499          7.3% Finance 2,221,882           2,221,882        2,274,147             2,274,147        2,644,758          2,644,758       2,644,827         (69)                      0.0% City Clerk 997,434                997,434            1,020,822             1,020,822        1,125,927          1,125,927       1,152,246         (26,319)            ‐2.3% Human Resources 937,412                937,412            904,182                  904,182             1,002,994          1,002,994       922,668             80,326             8.0% Police 25,004,580        25,004,580     24,946,784          24,946,784     26,066,637       26,066,637    26,383,640      (317,003)         ‐1.2% Jail Services 3,489,616           3,489,616        3,814,042             3,814,042        4,500,000          4,500,000       3,760,273         739,727          16.4% Fire 24,173,315        24,173,315     24,444,372          24,444,372     25,392,334       25,392,334    25,240,760      151,574          0.6% Community Services  Admin 434,558                434,558            452,146                  452,146             493,982               493,982            480,727             13,254             2.7% Parks 4,004,054           4,004,054        4,024,756             4,024,756        4,311,514          4,311,514       4,070,181         241,334          5.6% Parks Planning & Natural Resources 577,934                577,934            829,250                  829,250             880,373               880,373            722,739             157,634          17.9% Recreation 4,982,229           4,982,229        4,846,970             4,846,970        5,111,272          5,111,272       4,823,195         288,078          5.6% Human Services 1,193,871           1,193,871        1,162,330             1,162,330        1,250,790          1,250,790       1,159,189         91,601             7.3% Neighborhoods, Resources, & Events 701,673                701,673            770,841                  770,841             979,716               979,716            875,223             104,493          10.7% Library 278,604                278,604            ‐                              ‐                         ‐                           ‐                        ‐                         ‐                      0.0% Museum 216,887                216,887            209,387                  209,387             226,683               226,683            214,291             12,392             5.5% Public Works  Admin 470,051                470,051            426,312                  426,312             456,340               456,340            389,493             66,847             14.6% Street Maintenance 3,755,640           3,755,640        3,814,132             3,814,132        4,595,011          4,595,011       4,503,315         91,697             2.0% Transportation 4,615,160           4,615,160        4,476,854             4,476,854        4,539,752          4,539,752       4,263,725         276,027          6.1% Debt Service 9,752,337           9,752,337        8,048,508             8,048,508        8,400,863          8,400,863       8,393,140         7,723                0.1% Non‐Departmental and Other 4,637,555           4,637,555        5,475,340             5,475,340        9,646,844          9,646,844       9,758,346         (111,502)         ‐1.2% Total Operating Expenditures 103,938,882     103,938,882  103,667,105       103,667,105  114,289,663    114,289,663 111,671,112   2,618,552      2.3% Total Ending Fund Balance 15,575,840$     15,575,840$  17,454,262$       17,454,262$  13,727,260$    13,727,260$ 17,565,282$   3,838,023$   28.0% 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 December 2014 Page 1 of 38 Monthly Financial Report December 2014        OVERVIEW  This financial overview reflects the City’s overall financial position for the fiscal year through December 31, 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 73% of all  resources supporting general governmental activities.   The following section provides detail information on property, sales,  utility, and other taxes.    Property Tax  December’s collection is $404k,  making the total year‐to‐date  collection $35.3 million or 100%  of the total budget.  In  comparison to the previous year,  the City collected $2.8 million or  9% more.  Compared to the  budget, the City is above  projections by $55k.  The variance  from the monthly budget is due to  the timing of collections.  The City  has met the budget at year‐end  for property taxes.              Sales Tax  December 2014 sales tax receipts  totalled $1.8 million.  Compared  with the same month last year, it  is $156k or 9% more.  Compared  to the projected current month’s  budget, it is $50k or 3% above.   The year‐to‐date collection of  $21.5 million is $1.1 million or 5%  more than the prior year and is  also $227k or 1% more than  budgeted.  As you can see in the  table on the next page, this entire  amount is attributed to a large  transportation manufacturer,  which changed its reporting  method in late 2013/early 2014.   2014’s monthly budgets are generally based on 2006 through 2013 collections.  The City has met the budget at year‐end for  sales taxes.  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        10,692,069     4,911,708        85% 4,327,171        68% Jun 88,480               70,363               (244,519)           (332,999)            ‐376% (314,882)            ‐448% Jul 100,047            292,155            352,287            252,240            252% 60,132               21% Aug 58,101               3,718                  178,936            120,835            208% 175,218            4713% Sep 548,071            584,469            574,579            26,507               5% (9,890)                  ‐2% Oct 10,140,892     10,620,057     11,777,175     1,636,283        16% 1,157,118        11% Nov 4,341,474        5,057,587        4,051,387        (290,087)            ‐7% (1,006,200)       ‐20% Dec 443,072            431,888            403,584            (39,488)               ‐9% (28,304)               ‐7% YTD  Total 32,485,690$  35,240,495$  35,295,390$  2,809,700$     9% 54,895$            0% Annual Total 32,485,690$  35,240,495$   Property Tax  Revenues Year  to Date through December 2014 vs. 2013 2014 vs. Budget Month 2013 2014 2014 Actual Budget Actual $ % $ % Jan 1,620,555$     1,694,161$     1,607,045$     (13,510)$           ‐1% (87,116)$           ‐5% Feb 1,962,886        2,157,938        2,079,673        116,787            6% (78,266)              ‐4% Mar 1,536,397        1,605,372        1,562,210        25,814               2% (43,162)              ‐3% Apr 1,509,953        1,632,427        1,558,271        48,318               3% (74,156)              ‐5% May 1,732,058        1,857,781        1,759,697        27,639               2% (98,084)              ‐5% Jun 1,552,807        1,669,495        1,669,870        117,064            8% 375                       0% Jul 1,647,860        1,685,937        1,731,929        84,069               5% 45,991               3% Aug 1,833,347        1,811,453        2,030,161        196,814            11% 218,708            12% Sep 1,741,262        1,721,900        1,849,720        108,457            6% 127,819            7% Oct 1,790,411        1,822,256        1,869,025        78,614               4% 46,769               3% Nov 1,802,768        1,834,738        1,952,887        150,118            8% 118,149            6% Dec 1,686,069        1,791,932        1,841,892        155,823            9% 49,960               3% YTD  Total 20,416,372$  21,285,392$  21,512,379$  1,096,007$     5% 226,987$         1% Annual  Total 20,416,372$  21,285,392$   2014 vs. Budget2014 vs. 2013 Month Year  to Date through December Local Retail Sales  Tax  Revenues Page 2 of 38 Monthly Financial Report December 2014      The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business  sectors:                      Utility tax   December utility tax revenues are  $1.5 million, which is $11k or 1%  higher than the same month last  year but is behind the budget by  $4k.  The year‐to‐date collection is  $16.4 million, which is $594k or  4% higher than the prior year and  is also $116k or 1% higher than  the budget.  The City has met the  budget at year‐end for utility  taxes.               The table below breaks out Utility Tax by source.  The variance for Electrical utilities is due to over budgeting.  The variance  for Cellular utilities is due to lower activity.  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 and higher than  expected revenue.  Utility Tax Audit revenues are reported as gross receipts and therefore do not include the audit related  expenses.          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        1,380,317        41,394               3% 17,529               1% Jun 1,189,847        1,151,072        1,376,544        186,698            16% 225,472            20% Jul 1,259,713        1,698,235        1,526,628        266,915            21% (171,607)            ‐10% Aug 1,280,207        1,218,858        1,270,116        (10,091)               ‐1% 51,259               4% Sep 1,433,293        1,366,340        1,206,313        (226,980)           ‐16% (160,027)           ‐12% Oct 1,072,773        1,103,445        1,202,725        129,952            12% 99,280               9% Nov 1,244,671        1,222,957        1,170,266        (74,405)              ‐6% (52,691)              ‐4% Dec 1,484,137        1,498,886        1,495,099        10,961               1% (3,787)                 0% YTD  Total 15,782,047$  16,259,850$  16,376,127$  594,080$         4% 116,277$         1% Annual  Total 15,782,047$  16,259,850$   2014 vs. Budget2014 vs. 2013 Year  to Date through December Utility Tax Revenues Month Sales  Tax  by Sector 2013 2014 Bgt YTD  Act Change 2014/2013 2014 Act  vs  Bgt New Construction 2,694,710$     2,219,671$     2,316,188$     (378,523)$      ‐14%$           96,517 4% Auto  Sales 3,731,241        4,129,134        4,104,744        373,504          10%            (24,390)‐1% General Retail 6,577,601        7,036,384        6,717,460        139,859          2%         (318,924)‐5% Manufacturing 1,323,363        1,394,747        2,039,205        715,842          54%           644,458 46% Wholesale 1,174,007        1,255,895        1,168,059        (5,948)               ‐1%            (87,835)‐7% Service 4,362,344        4,666,620        4,576,039        213,695          5%            (90,581)‐2% Other 553,106            582,942            590,685            37,579             7%                 7,743 1% YTD Total 20,416,372$  21,285,392$  21,512,379$  1,096,007$  5%226,987$        1% Note: Excludes  Annexation Credit and Criminal Justice Sales  Tax  revenue. Utility Tax  by Type 2013 2014 Bgt YTD Act Change  2014/2013  2014 Act  vs  Bgt  Electrical 5,155,789$     5,409,000$     5,167,444$     11,655$          0%$      (241,556)‐4% Natural  Gas 1,814,561        1,800,520        1,833,826        19,266             1%              33,306 2% Cell 2,050,312        2,077,000        1,951,925        (98,387)            ‐5%         (125,075)‐6% Phone 917,021            952,500            909,088            (7,933)               ‐1%            (43,412)‐5% Cable 1,481,779        1,529,365        1,518,821        37,042             2%            (10,544)‐1% Garbage/Solid Waste 397,596            300,000            573,457            175,861          44%           273,457 91% City Utilities 3,964,989        3,791,465        3,961,052        (3,937)              0%           169,587 4% Utility Tax  Audit ‐                              400,000            460,513            460,513          100%              60,513 15% YTD  Total 15,782,047$  16,259,850$  16,376,127$  594,080$       4%116,277$        1% Annual Total 15,782,047$  16,259,850$   YTD  as % of 100% 100% Page 3 of 38 Monthly Financial Report December 2014      Other Taxes     Real Estate Excise Tax  The City collected $92k in Real  Estate Excise Tax revenues (REET)  for December.  This is $1.2 million  or 93% less than the same month  last year and is $325k or 78% less  than the current month’s budget.   This is due to a large collection in  December 2013.  The year‐to‐date  collection is $4.3 million, which is  $217k or 5% more than the prior  year and is also $349k or 9%  above the budget.  The higher  than expected variance is due to  13 large transactions in February,  March, April, June, July, October  and November which accounts for  $1.4 million of the total REET collected.  The monthly budget is based on a normalized annual distribution (2012 only).  The City  has met the budget for REET.      Gambling Tax  December’s Gambling Tax  collections totalled $149k, which  is $2k or 2% below the same  month last year and is also below  the current month’s budget by  $13k or 8%.  The year‐to‐date  total of $1.7 million is $331k or  25% above the year and is also  $50k or 3% above budget.  Second  half of 2014 has improved due to  new ownerships of 2  establishments.    Pull tabs overall had a 15%  increase, bingo had a 3%  decrease, and card‐rooms are  seeing 31% higher 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 $1.3 million  is $30k or 2% higher than the  prior year and is also $82k or 7%  above the projected year‐to‐date  budget.    2013 2014 2014 Actual Budget Actual $ % $ % Jan 134,099$         105,175$         162,143$         28,044$            21% 56,968$            54% Feb 262,229            290,115            448,452            186,223            71% 158,338            55% Mar 228,077            275,816            227,629            (448)                     0% (48,187)               ‐17% Apr 197,659            264,009            909,120            711,461            360% 645,111            244% May 285,948            343,371            262,746            (23,202)               ‐8% (80,625)               ‐23% Jun 347,890            470,361            624,342            276,452            79% 153,981            33% Jul 263,807            240,938            350,214            86,407               33% 109,275            45% Aug 294,056            302,031            346,677            52,622               18% 44,646               15% Sep 254,318            234,669            265,534            11,216               4% 30,865               13% Oct 272,776            464,630            436,050            163,274            60% (28,581)               ‐6% Nov 342,535            591,867            223,675            (118,860)            ‐35% (368,191)            ‐62% Dec 1,248,272        417,018            92,179               (1,156,092)      ‐93% (324,839)           ‐78% YTD  Total 4,131,665$     4,000,000$     4,348,762$     217,097$         5% 348,762$         9% Annual  Total 4,131,665$     4,000,000$      Real  Estate Excise  Tax  Revenues Year  to Date through December Month 2014 vs. Budget2014 vs. 2013 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            138,319            40,659               42% 32,700               31% Jun 60,074               99,613               135,701            75,627               126% 36,088               36% Jul 89,157               133,068            122,588            33,432               37% (10,480)               ‐8% Aug 99,930               130,972            130,381            30,452               30% (590)                     0% Sep 116,204            148,130            139,444            23,241               20% (8,686)                  ‐6% Oct 112,141            106,090            155,499            43,358               39% 49,408               47% Nov 114,909            155,314            156,921            42,012               37% 1,607                  1% Dec 151,327            161,736            148,970            (2,358)                  ‐2% (12,767)              ‐8% YTD  Total 1,319,585$     1,600,000$     1,650,384$     330,799$         25% 50,384$            3% Annual  Total 1,319,585$     1,600,000$      Year  to Date through December 2014 vs. 2013 2014 vs. Budget Gambling Tax Revenue Month 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% Mar 892                       437                        ‐                        (892)                      ‐100% (437)                      ‐100% Apr 311,986            299,239            323,544            11,558               4% 24,305               8% Jul 315,694            303,760            324,273            8,579                  3% 20,513               7% Oct 321,202            308,381            321,828            626                       0% 13,446               4% Dec 48,484               47,308               49,502               1,018                  2% 2,194                  5% YTD  Total 1,312,727$     1,260,000$     1,342,269$     29,541$            2% 82,269$            7% Annual  Total 1,312,727$     1,260,000$      Month 2014 vs. 2013 2014 vs. Budget Franchise Fees  Revenue Year  to Date through December Page 4 of 38 Monthly Financial Report December 2014      Admission Tax   Admission Tax returns are due  quarterly in January, April, July,  and October of each year.   October 2014 collections  represent activities conducted  during the 3rd quarter of 2014.   The year‐to‐date collection of  $310k is $17k or 5% less than the  prior year but is $2k or 1% more  than the budget.          Licenses and Permits    Building Permits and  Development Service Fees  Building Permits and  Development Service Fee  revenues totalled $454k in  December.  The year‐to‐date  development fees revenue of $4.5  million is $518k or 13% more than  the year before but is $252k or 5%  lower than budget.  The lower  than expected fees are due to  adjusting the budget in the 2014  Year‐End Budget Amendment  ordinance.  Prior to this  amendment, the budget was $3.7  million.         Business Licenses  Business Licenses totalled $4k for  December, which is $649 or 15%  below the same month last year  and is also $700 or 16% below the  current month’s budget.  The  variance in July is due to a mid‐ year correction made in July 2013.    The year‐to‐date Business  Licenses revenue of $516k is $12k  or 2% above the prior year but is  $18k or 3% lower than the  budget.  2013 2014 2014 Actual Budget Actual $ % $ % Jan 82,440$            75,206$            80,243$            (2,196)$               ‐3% 5,038$               7% Feb ‐                        451                       ‐                        ‐                        N/A (451)                      ‐100% Apr 70,311               72,698               74,163               3,852                  5% 1,464                  2% Jun ‐                        ‐                        145                       145                       100% 145                       100% Jul 87,473               81,342               79,130               (8,344)                  ‐10% (2,213)                  ‐3% Aug 76                          37                          ‐                        (76)                         ‐100% (37)                         ‐100% Oct 85,616               77,019               76,631               (8,986)                  ‐10% (389)                      ‐1% Nov 1,192                  575                       ‐                        (1,192)                  ‐100% (575)                      ‐100% Dec 149                       672                       ‐                        (149)                      ‐100% (672)                      ‐100% YTD  Total 327,258$         308,000$         310,311$         (16,947)$           ‐5% 2,311$               1% Annual  Total 327,258$         308,000$          2014 vs. Budget Admission  Tax Revenue Year  to Date through December Month 2014 vs. 2013 2013 2014 2014 Actual Budget Actual $ % $ % Jan 327,584$         323,725$         432,890$         105,306$         32% 109,166$         34% Feb 230,039            277,239            412,317            182,278            79% 135,078            49% Mar 305,085            369,150            388,190            83,105               27% 19,039               5% Apr 367,165            407,304            374,004            6,839                  2% (33,300)               ‐8% May 386,735            413,862            349,590            (37,145)               ‐10% (64,272)               ‐16% Jun 293,386            357,636            516,689            223,303            76% 159,052            44% Jul 314,991            396,108            288,957            (26,033)               ‐8% (107,150)            ‐27% Aug 340,270            451,841            300,184            (40,087)               ‐12% (151,657)            ‐34% Sep 254,799            275,747            369,040            114,242            45% 93,294               34% Oct 440,169            555,844            393,023            (47,146)               ‐11% (162,821)            ‐29% Nov 393,258            435,982            239,983            (153,275)            ‐39% (195,999)            ‐45% Dec 348,144            506,649            454,368            106,224            31% (52,282)               ‐10% YTD  Total 4,001,625$     4,771,087$     4,519,234$     517,609$         13% (251,853)$         ‐5% Annual  Total 4,001,625$     4,771,087$      Building Permits and Development Service  Fees Year  to Date through December 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               15,091               (18,263)               ‐55% (5,142)                  ‐25% Jun 5,701                  5,102                  7,444                  1,743                  31% 2,342                  46% Jul 52,586               84,946               109,369            56,783               108% 24,423               29% Aug 29,210               24,595               16,430               (12,780)               ‐44% (8,165)                  ‐33% Sep 4,236                  4,178                  5,290                  1,054                  25% 1,112                  27% Oct 109,998            117,828            108,777            (1,222)                  ‐1% (9,051)                  ‐8% Nov 13,342               14,515               18,991               5,649                  42% 4,476                  31% Dec 4,211                  4,262                  3,562                  (649)                      ‐15% (700)                      ‐16% YTD  Total 503,766$         533,067$         515,555$         11,789$            2% (17,512)$            ‐3% Annual  Total 503,766$         533,067$          2014 vs. 2013 Year  to Date through December 2014 vs. Budget Business Licenses Month Page 5 of 38 Monthly Financial Report December 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 81% of the total  revenues in this category.   The year‐to‐date total Intergovernmental revenue is $13.7 million or 104% of the budget.       State Shared Revenues  State Shared Revenue  collections totalled $5 million  since the start of the year.   Compared to the prior year,  State Shared Revenues are  above by $344k or 7%.   Compared to the projected  budget, the City is collecting  $530k 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, collecting more than anticipated Liquor Profits and under collecting in Liquor Excise  Taxes.      Charges for Services   These revenue sources consist of general government, public safety, plan review and inspection, culture and recreation, and  interfund/interdepartmental sales and services.  Recreation and interfund/interdepartmental sales and services constitute 64%  of the total revenue in this category.  The year‐to‐date total charges for services are $7.5 million or 96% of the budget.  The  following sections provide detail information for Public Safety, Recreation, and Interfund Services.      Public Safety Services  Public Safety Services totalled  $846k 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 $166k or 24% more.   Compared to the year‐to‐date  budget, the City is over budget by  $72k or 9%.  The large April  variance is due to a private  security police provided for a  large one‐time private business  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               35,540               (12,446)               ‐26% (24,860)               ‐41% Jun 36,945               45,438               107,246            70,301               190% 61,808               136% Jul 69,340               82,484               56,212               (13,128)               ‐19% (26,272)               ‐32% Aug 42,753               51,456               64,201               21,448               50% 12,745               25% Sep 48,986               56,443               44,169               (4,817)                  ‐10% (12,274)               ‐22% Oct 81,116               78,627               190,822            109,706            135% 112,195            143% Nov 49,703               54,931               37,507               (12,196)               ‐25% (17,423)               ‐32% Dec 53,287               76,290               65,704               12,417               23% (10,585)               ‐14% YTD  Total 680,581$         774,535$         846,409$         165,828$         24% 71,874$            9% Annual  Total 680,581$         774,535$          Month 2014 vs. 2013 Year  to Date through December Public Safety Services 2014 vs. Budget Intergovernmental 2013 2014 Bgt YTD  Act Change  2014/2013 2014 Act  vs Bgt  Fire  District #25 1,183,558$     1,200,000$     1,242,038$     58,480$          5% $           42,038 4% Fire  District #40 4,543,337        4,677,463        4,715,356        172,019          4% 37,893             1% State  Shared Revenue 4,701,889        4,515,500        5,045,728        343,839          7% 530,228          12% Federal Grants 1,034,828        1,388,934        1,538,213        503,385          49% 149,279          11% State  Grants 63,711               134,324            41,174               (22,537)            ‐35% (93,150)             ‐69% Other Grants/Intgovt 39,929               1,210,115        1,081,733        1,041,805     2609% (128,382)         ‐11% ARRA Grants 114,792            0                             ‐                              (114,792)        0%‐                            0% Total  Rev YTD 11,682,043$  13,126,336$  13,664,242$  1,982,199$  17%537,906$        4% Total  Rev Annual 11,682,043$  13,126,336$   YTD  %100% 100% 104% Note:  Includes CJ Sales  Tax  and FD25 & FD40 contracts 2013 2014 2014 Actual Budget Actual $ % $ % Crim Just Sales  Tax 2,091,174$     2,000,000$     2,267,947$     176,773$         8% 267,947$         13% Judicial Contribution 22,796               22,500               22,669               (127)                      ‐1% 169                       1% Crim Just ‐ High Crime 229,636             ‐                        253,799            24,163               11% 253,799            100% Crim Just ‐ Pop 22,656               ‐                        24,563               1,906                  8% 24,563               100% Crim Just ‐ Spec Prog 84,328               90,000               91,026               6,698                  8% 1,026                  1% State DUI 17,116               18,000               17,201               86                          1% (799)                      ‐4% Liquor Profits 846,798            660,000            848,910            2,112                  0% 188,910            29% Liquor Excise  Tax 63,108               440,000            179,526            116,419            184% (260,474)            ‐59% Fuel  Tax 1,324,277        1,285,000        1,340,086        15,809               1% 55,086               4% YTD  Total 4,701,889$     4,515,500$     5,045,728$     343,839$         7% 530,228$         12% Annual Total 4,701,889$     4,515,500$      Year  to Date through December State Shared Revenues 2014 vs. 2013 Revenue 2014 vs. Budget Page 6 of 38 Monthly Financial Report December 2014      event in 2013.  The large June variance is due to staff reimbursement for training provided to the Basic Law Enforcement  Academy.  The large October variance is due to staff reimbursement for the Oso mudslide.  The City has met the budget for  Public Safety Services.      Recreation  Recreation revenues totalled $29k  for the current month.  Compared  to the same month the prior year,  the City collected $34k or 54%  less.  Compared to the projected  monthly budget, the City  collected $34k or 54% less.  The  year‐to‐date collection of $1.5  million is $9k or 1% lower than  the year before and is also $41k  or 3% lower than the year‐to‐date  budget.                Interfund Services  The year‐to‐date collections for  Interfund Services revenues are  $3.3 million.  Compared to the  prior year, the revenues are under  by $194k or 6%.  Compared to the  projected budget, the revenues  are below by $62k or 2%.  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.     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            106,771            11,061               12% (13,064)               ‐11% Jun 150,284            152,865            172,332            22,047               15% 19,466               13% Jul 345,126            309,124            318,669            (26,458)               ‐8% 9,544                  3% Aug 205,821            238,859            245,982            40,162               20% 7,123                  3% Sep 123,550            118,153            119,109            (4,440)                  ‐4% 956                       1% Oct 83,685               86,617               72,614               (11,072)               ‐13% (14,003)               ‐16% Nov 65,656               67,145               36,383               (29,273)               ‐45% (30,763)               ‐46% Dec 63,010               63,040               29,129               (33,881)               ‐54% (33,911)               ‐54% YTD  Total 1,494,580$     1,525,863$     1,485,123$     (9,457)$               ‐1% (40,740)$            ‐3% Annual  Total 1,494,580$     1,525,863$      Recreation Year  to Date through December 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            269,032            (30,619)               ‐10% (8,700)                  ‐3% Jun 287,569            277,733            277,620            (9,950)                  ‐3% (113)                     0% Jul 282,466            277,733            244,707            (37,759)               ‐13% (33,026)               ‐12% Aug 352,945            277,733            284,344            (68,601)               ‐19% 6,611                  2% Sep 274,525            277,733            278,550            4,025                  1% 817                       0% Oct 352,421            277,733            256,662            (95,759)               ‐27% (21,071)               ‐8% Nov 286,300            277,733            254,192            (32,109)               ‐11% (23,541)               ‐8% Dec 164,190            277,733            263,607            99,417               61% (14,126)               ‐5% YTD  Total 3,464,913$     3,332,794$     3,270,503$     (194,410)$         ‐6% (62,291)$            ‐2% Annual  Total 3,464,913$     3,332,794$      2014 vs. Budget Month Interfund Services Year  to Date through December 2014 vs. 2013 Page 7 of 38 Monthly Financial Report December 2014      Fines and Penalties  These revenue sources contain  civil (penalties, infractions, and  parking), criminal (traffic, non‐ traffic, and costs), and non‐court  fines, forfeitures, and penalties.   The table below breaks down  these fines by type.  The year‐to‐ date total fines and penalties is  $2.7 million.  This is $84k or 3%  lower than a year ago and is also  $376k or 12% below the budget.                                            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 $1.7 million.  The budget shortfall is due to  temporary shutting down 4 intersection  cameras in construction areas and lower  activity (driver behaviour changes).  The  cameras were turned back on in December.    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.  April and May expenditures do not include the  monthly equipment rental costs paid to ATS, these costs were recorded in June.     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            208,436            (70,347)               ‐25% (101,180)            ‐33% Jun 269,334            307,008            224,214            (45,120)               ‐17% (82,794)               ‐27% Jul 236,571            269,780            205,103            (31,468)               ‐13% (64,677)               ‐24% Aug 171,565            178,125            258,728            87,162               51% 80,603               45% Sep 154,604            169,913            247,480            92,876               60% 77,567               46% Oct 191,919            249,230            239,990            48,072               25% (9,239)                  ‐4% Nov 189,412            230,005            287,406            97,994               52% 57,402               25% Dec 280,787            321,732            256,092            (24,696)               ‐9% (65,641)               ‐20% YTD  Total 2,766,663$     3,058,500$     2,682,948$     (83,715)$            ‐3% (375,552)$         ‐12% Annual  Total 2,766,663$     3,058,500$      Month 2014 vs. Budget2014 vs. 2013 Year  to Date through December Fines  and Penalties  by Month Year  to Date through December 2013 2014 2014 Actual Budget Actual $ % $ % Civil Penalties 9,824$               15,500$            5,633$               (4,191)$               ‐43% (9,867)$               ‐64% Civil Infraction Penalties 628,202            604,500            509,829            (118,373)           ‐19% (94,671)               ‐16% Civil Parking Infraction Penalties 190,997            190,000            171,557            (19,441)               ‐10% (18,443)               ‐10% Photo Enforcement Program 1,629,524        1,950,000        1,719,971        90,448               6% (230,029)           ‐12% Criminal Traffic  Misdemeanor Fines 101,458            102,000            82,953               (18,505)               ‐18% (19,047)               ‐19% Criminal Non‐Traffic Fines 50,417               52,000               45,402               (5,015)                  ‐10% (6,598)                  ‐13% Criminal Costs 129,724            122,500            119,665            (10,059)              ‐8% (2,835)                  ‐2% Non‐Court Fines, Forfeitures  and Penalties 26,517               22,000               27,938               1,421                  5% 5,938                  27% YTD Total 2,766,663$     3,058,500$     2,682,948$     (83,715)$           ‐3% (375,552)$        ‐12% Annual Total 2,766,663$     3,058,500$      Revenue 2014 vs. Budget Fines  and Penalties by Type 2014 vs. 2013 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            125,097            73,575               30,160               94,937                Jun 207,265            130,264            71,358               179,726            (49,463)               Jul 184,107            144,267            71,451               80,154               64,113                Aug 93,843               176,393            71,108               79,962               96,431                Sep 71,053               175,995            58,646               80,481               95,514                Oct 159,611            160,221            63,603               91,332               68,890                Nov 135,380            209,536            64,079               91,536               118,000             Dec 162,729            197,962            76,245               170,733            27,229                YTD  Total 1,950,000$     1,719,971$     841,964$         995,328$         724,644$          Annual Total 1,950,000$     841,964$          1Actuals  of Revenues  and Expenses Photo Enforcement Program Year  to Date through December Month Revenues Expenses Page 8 of 38 Monthly Financial Report December 2014      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 74% of  the total revenue in this category.   The year‐to‐date total  miscellaneous is $2.3 million.   Compared to last year, the  revenues are above by $671k or  41%.  Compared to the projected  year‐to‐date budget, the revenues  are over by $174k or 8%.  The negative amount for July is due to a correction made to move interest earned from Utility tax  audits, originally recorded in June.  The large variance in September is due to recording a trued up asset interfund interest  received from Surface Water Utility.  This offsets the correction made to the acreage count Street Maintenance pays to Surface  Water.  The table below page breaks out miscellaneous revenues by type.    Interest and other earnings are higher than the prior year and budget due to the interfund interest recorded from Surface  Water to Street Maintenance (prior year) and more than expected earned interest (budget).    Rents, leases and concessions are lower than budget due to over estimating the food concessions revenues at Coulon  Beach.    Other miscellaneous revenues are higher than the prior year and budget due to higher than expected utility late payment  penalties and Puget Sound Electricity (PSE) credits/corrections due to the LED light conversions done in the prior year.    Seizure funds are lower than the budget due to the lower of activity.         2013 2014 2014 Actual Budget Actual $ % $ % Jan 179,743$         191,797$         243,963$         64,220$            36% 52,166$            27% Feb 76,397               68,789               99,547               23,149               30% 30,758               45% Mar 147,909            162,425            126,132            (21,777)               ‐15% (36,293)               ‐22% Apr 92,872               104,162            70,094               (22,778)               ‐25% (34,068)               ‐33% May 118,719            211,517            107,650            (11,069)               ‐9% (103,868)            ‐49% Jun 123,441            133,692            257,714            134,273            109% 124,022            93% Jul 128,246            127,105            (21,407)              (149,652)            ‐117% (148,512)            ‐117% Aug 122,652            138,445            121,979            (673)                      ‐1% (16,466)               ‐12% Sep 92,799               98,931               552,749            459,951            496% 453,818            459% Oct 82,288               93,894               119,594            37,306               45% 25,700               27% Nov 63,945               91,224               128,732            64,787               101% 37,508               41% Dec 399,005            702,574            491,839            92,834               23% (210,735)            ‐30% YTD  Total 1,628,017$     2,124,557$     2,298,586$     670,570$         41% 174,029$         8% Annual  Total 1,628,017$     2,124,557$      Year to Date through December Month 2014 vs. Budget2014 vs. 2013 Miscellaneous  Revenues  by Month 201320142014 Actual Budget Actual $ % $ % Interests and Other Earnings 423,609$         770,300$         981,630$         558,021$         132% 211,330$         27% Rents, Leases, and Concessions 734,530            756,464            711,070            (23,461)              ‐3% (45,394)              ‐6% Contributions/Donations  from Private Sources 84,320               96,100               113,626            29,306               35% 17,526               18% Other 334,918            321,000            423,390            88,472               26% 102,390            32% Seizure Funds ‐ Federal/State/Local 1 50,639              180,693          68,870             18,232             36% (111,823)            ‐62% YTD  Total 1,628,017$     2,124,557$     2,298,586$     670,570$         41% 174,029$         8% Annual Total 1,628,017$     2,124,557$      1Seizure Funds  are categorized in Miscellaneous  for 2013 and on. 2014 vs. Budget Miscellaneous  Revenues by Type Year  to Date through December Revenue 2014 vs. 2013 Page 9 of 38 Monthly Financial Report December 2014      EXPENSES  Overall the City has expended 98% of its budgeted general governmental expenditures at the end of December.  This is $2.6  million or 2.3% below year‐to‐date budgeted expenditures.  See below for summary of unfavorable items for general  governmental departments.    Administrative Services (Finance and City Clerk) is over the budget by $26k or 0.7% due to overspending on voter registration  costs.  Typically these expenditures are paid the following year for the current year, but we were able to code 2014’s voter  registration in December 2014.    Other City Services (Non‐Departmental and Debt Service) is over the budget by $112k or 1.2% due to overspending on  retirement/termination payments (vacation balances).    While the some of the $2.6 million is savings, approximately $676k (amount/items will change based on review) will have to be  carried forward/added to 2015 for obligations/services not yet received or been billed and new items needed:   $276k for various Transportation System Maintenance operating projects   $400k contribution for the Sunset Lane Improvements project.     Page 10 of 38 Monthly Financial Report December 2014      CASH AND INVESTMENTS – 4TH  QUARTER The current cash and  investments (C&I) portfolio is  provided in the table to the  right.  The City’s current C&I  balance is $128.2 million, of  this amount; $392k is an  interfund loan investment (Res  4070) from the insurance fund  (502) to the golf course fund  (404).  This interfund loan is  due in full on December 1st  2015.    Currently the majority of the  portfolio is located in the State  Investment Pool.  The rest is  spread out between cash  deposits (US Bank), US Federal  Agency Securities, various  certificates of deposits, and  the interfund loan.    The existing portfolio yield is approximately .55%.  Current  % Blended Allowed  per policy Current  Portfolio (principal value) 12% N/A $        15,714,669  0% 100%‐$                     47% 75% 59,942,266$        27% 75% 34,100,755$        14% 75% 18,058,940$        0% 25%‐$                     0% N/A 391,853$             TOTAL INVESTMENTS 100% 128,208,483$       *Excluding Cash the portfolio distribution is  53% LGIP; 16% CD's; 30% GSE's; 1% internal Cash US Treasury Securities Local Government Investment Pool US Federal  Agency Securities INTERFUND INVESTMENT By Type Certificates of Deposit Commercial  Paper Cash 12% LGIP 47% GSE's 27% CD's 14% Distribution by Type          By Institution Current % Blended Allowed by  Policy Current  Portfolio (principal value)Maturity Date APY Weighted  Yield Blended Cash US Bank ‐ Cash 12%N/A 15,714,669 overnight 0.45% 0.06% GOLF '15 GOLF '15 0.3%391,853 12/1/2015 2.25%0.01% US Treasury Securities none 0% 100%‐                        N/A N/A N/A Local Government Investment  Pool 3920 State Investment Pool 47% 75% 59,942,266 10/1/2014 0.10%0.05% US Federal Agency Securities * 314179A FHLB 1,996,920            8/11/2017 1.05% 0.02% 314179D FHLB 1,100,000            9/29/2017 1.18% 0.01% 314179F FHLB 2,400,000            10/16/2017 1.25% 0.02% 314179E FHLB 5,000,000            10/16/2017 1.49% 0.06% 314179G FHLB 5,009,485            10/17/2017 0.93%0.04% 314179H FHLMC 5,000,000            11/21/2017 1.05%0.04% 314179I FHLMC 5,000,000            10/30/2017 1.05% 0.04% 314189A FNMA 3,745,000            2/15/2018 1.30% 0.04% 314179C FNMA 4,849,350          11/28/2017 1.00% 0.04% Certificates of Deposit 113154A First Savings Bank Northwest 5,000,000 2/4/2015 0.92% 0.04% 114174A First Savings Bank Northwest 5,000,000 10/29/2017 1.15% 0.04% 113164A First Savings Bank Northwest 5,000,000 2/4/2016 1.02% 0.04% 111167a Columbia Bank 2% 2,015,400 11/9/2016 0.99% 0.02% 214163A Commencement Bank (CDARS)1%1,043,540 9/15/2016 0.90% 0.01% Commercial Paper none 0.00%5%‐                        N/A N/AN/A 128,208,483$       75%27% Golf Interfund Loan *Held  in our safekeeping account at BNY Trust and Custody TOTAL CASH & INVESTMENTS 20% 12% Page 11 of 38 Monthly Financial Report December 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.  The negative fund balance for the Golf Course  fund is due to receiving less than anticipated user fees.  The City is currently working to address this issue for 2015 and on.    Airport Golf Course Solid Waste  Utility Water Utility Wastewater  Utility Surface Water  Utility Metro REVENUES: Licenses  and permits ‐                 ‐                 ‐                 ‐                 77,185            48,025            ‐                  Grants  / intergovernmental 1,196,463       ‐                 117,144          ‐                 108,577          1,482,676       ‐                  Charges  for services 149,132          1,770,052       17,144,234     17,221,147     9,684,191       9,822,220       15,257,158      Interdepartmental  services ‐                 ‐                 ‐                 ‐                 ‐                 ‐                 ‐                  Fines  and penalties 5,198              ‐                 ‐                 ‐                 2,590              ‐                 ‐                  Rents, leases, and misc fees 2,436,738       357,462          70,543            159,129          ‐                 ‐                 ‐                  Interest and other misc 5,347              3,523              8,401              510,302          778,214          673,124          9,262               TOTAL REVENUES 3,792,878       2,131,037       17,340,322     17,890,578     10,650,757     12,026,045     15,266,420      EXPENSES: Utility billing ‐                 ‐                 125,788          105,702          90,780            146,552          ‐                  Utility systems ‐                 ‐                 16,742,929     4,886,304       3,009,066       3,509,013       ‐                  Utility maintenance ‐                 ‐                 270,882          4,863,962       1,282,994       2,377,526       14,553,672      Transportation 2,884,290       ‐                 ‐                 ‐                 ‐                 ‐                 ‐                  Golf ‐                 1,997,825       ‐                 ‐                 ‐                 ‐                 ‐                  TOTAL EXPENSES 2,884,290       1,997,825       17,139,599     9,855,968       4,382,840       6,033,091       14,553,672      AMOUNT AVAILABLE FOR DEBT SERVICE 908,588          133,212          200,723          8,034,610       6,267,917       5,992,954       712,748           DEBT SERVICE: Principal 101,646          383,239          ‐                 1,697,225       886,198          670,190          ‐                  Interest 3,558              19,046            ‐                 639,756          323,497          803,816          ‐                  TOTAL DEBT SERVICE 105,204          402,285          ‐                 2,336,981       1,209,695       1,474,006       ‐                  CAPITAL PROJECTS 1,666,128       92,997            ‐                 2,132,485       2,987,306       3,829,846       ‐                  TRANSFERS IN/(OUT)‐                 ‐                 ‐                 (44,002)          (10,194)          (395,167)        ‐                  CHANGE  IN FUND BALANCE (862,744)        (362,070)        200,723          3,521,142       2,060,722       293,935          712,748           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, Dec 31 806,820          (42,909)          1,545,606       15,872,094     7,589,088       7,804,220       3,316,310            Page 12 of 38 Monthly Financial Report December 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 ‐               151,763        ‐               ‐                     ‐               ‐               ‐                Grants  / intergovernmental ‐               ‐               ‐               ‐                     ‐               ‐               44,426          Charges  for services Equipment rental  m&o 2,804,082    3,016,999    ‐               ‐                     ‐               ‐               ‐                Print and mail ‐               112,409       ‐               403,724             ‐               ‐               ‐                Communications ‐               4,681           ‐               509,130             ‐               ‐               ‐                Facilities ‐               ‐               4,255,599    ‐                     ‐               ‐               ‐                Data  cards  and cell  phones ‐               140,409       ‐               ‐                     ‐               ‐               ‐                IT service contracts ‐               438,836        ‐               ‐                     ‐               ‐               ‐                Interest and other misc 14,209         7,113           4,105           1,218                 57,549         19,797         23,740          Internal service fund misc: Vehicle  / equipment capital  recovery 1,521,529    135,001       ‐               ‐                     ‐               ‐               ‐                Insurance premiums ‐               ‐               ‐               ‐                     1,626,031    ‐               ‐                Worker's  comp/unemployment ‐               ‐               ‐               ‐                     1,676,456    ‐               ‐                Benefit premiums ‐               ‐               ‐               ‐                     ‐               11,853,675  1,707,516     Other misc 469              22,700         17,987         164                    ‐               408,773       ‐                Interfund Loan ‐               ‐               ‐               ‐                     523,170       ‐               ‐                Capital  contributions ‐               ‐               ‐               ‐                     ‐               ‐               ‐                Disposal  of capital  assets 39,759         ‐               ‐               ‐                     ‐               ‐               ‐                Insurance recoveries 26,400         ‐               ‐               ‐                     141,103       ‐               ‐                TOTAL REVENUES 4,406,448    4,029,911    4,277,691    914,236             4,024,309    12,282,245  1,775,682     EXPENSES: Communications 513,960              Equipment rental 2,438,331     Facilities 3,836,826     Healthcare 12,541,045   Information technology 3,486,415     Print and mail 364,078              Retiree  healthcare 1,271,522     Risk management: Risk ma nagement 1,443,512     Unemployment 86,903          Worker's  compensation 1,504,659     TOTAL EXPENSES 2,438,331    3,486,415    3,836,826    878,038             3,035,074    12,541,045  1,271,522     AMOUNT AVAILABLE FOR CAPITAL 1,968,117    543,496       440,865       36,198               989,235       (258,800)      504,160        CAPITAL PROJECTS 742,961       854,675       467,263       ‐                     ‐               ‐               ‐                TRANSFERS IN 150,075       10,614         12,773         ‐                     3,600,000    ‐               ‐                TRANSFERS (OUT)‐               ‐               ‐               ‐                     (150,000)      ‐               ‐                CHANGE  IN FUND BALANCE 1,375,231    (300,565)      (13,625)        36,198               4,439,235    (258,800)      504,160        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, Dec 31 5,310,319    1,916,047    1,154,089    383,969             12,069,312  6,675,504    7,711,863     Page 13 of 38 Monthly Financial Report December 2014      FUND BALANCE  Page 15 shows the ending fund balance as of December 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 December, the City has $17.6 million reported in the combined general governmental fund balance of the current  year’s operating budget, which is approximately 15% of budgeted operating expenditures.  This is an increase of $111k from the  year’s beginning balance.  December’s ending fund balance is over the anticipated General Governmental Fund Balance of $13.7  million by $3.8 million or 28%.  Although the ending fund balance is above projections, it is consistent with the prior years’  trends.      CONTACT INFORMATION  This report is prepared by the Finance Division of the Administrative Services Department.  For additional financial information,  please also review our website: http://www.rentonwa.gov/.  For any questions about the report, please feel free to contact us at  hnguyen@rentonwa.gov or JDThomas@Rentonwa.gov.  Page 14 of 38 Monthly Financial Report December 2014      City  of Renton All Funds ‐ Revenue, Expenditures and Fund Balances Cash  Basis through December 31, 2014 Funds Balance  01/01/2014 Budgeted  Revenue Revenue  12/31/14 Total Funds  Available Budgeted  Expenditure Expenditure  12/31/14 Ending Balance GENERAL GOVERNMENT FUNDS: 17,454,261      110,562,662    111,782,133    129,236,394    114,289,664    111,671,112    17,565,283       000 General 12,515,053      80,519,223      81,634,693      94,149,746      84,309,806      82,990,433      11,159,313       001 Community Services 2,124,598        11,706,752      11,247,203      13,371,801      11,693,059      10,904,098      2,467,703         003 Street 1,667,393        9,028,020        9,246,876        10,914,269      9,134,763        8,767,040        2,147,229         004 Community Dev Block Grant (229,834)         655,721           633,029           403,195           415,690           328,243           74,951              005 Museum 52,979             226,683           226,812           279,791           226,683           214,291           65,500              009 Farmers  Market 98,826             60,400             73,612             172,438           83,322             67,488             104,950            011 Fire  Health & Wellness 55,094             25,000             25,371             80,465             25,000             5,900               74,565              031 Park  Memorial 478                  ‐                      ‐                      478                  478                  478                  ‐                       201 Ltd  GO Bonds  Gen Govt Debt 833,717           1,749,705        1,754,370        2,588,087        1,749,705        1,749,454        838,633            215 Gen Govt Misc Debt Service 335,957           6,591,158        6,940,167        7,276,124        6,651,158        6,643,686        632,438            SPECIAL REVENUE FUNDS: 1,978,198        1,831,745        1,805,402        3,783,600        2,739,079        2,683,219        1,100,381         102 Arterial  Street 192,689           633,000           632,196           824,885           810,000           810,000           14,885              108 Leased  City Properties 549,887           833,071           757,496           1,307,383        1,138,912        1,186,369        121,014            110 Hotel  Motel 185,606           265,000           312,875           498,481           315,693           279,391           219,090            125 1% For Art 97,771             15,000             10,744             108,515           50,000             7,135               101,380            127 Cable  Communication 284,632           85,674             89,982             374,614           85,674             61,524             313,090            135 Springbrook Wetlands  Bank 667,613           ‐                      2,109               669,722           338,800           338,800           330,922            CAPITAL PROJECT FUNDS (CIP):29,503,154      28,217,672      21,788,881      51,292,035      52,733,895      23,312,070      27,979,965       303 Community Dev Mitigation 934,618           60,000             303,982           1,238,600        ‐                      ‐                      1,238,600         304 Fi re  Mitigation 646,165           50,000             280,323           926,488           ‐                      ‐                      926,488            305 Transportation  Mitigation 486,185           230,000           647,463           1,133,648        289,000           289,000           844,648            316 Municipal  Facilities CIP 5,083,524        6,239,827        5,245,141        10,328,665      10,893,703      5,834,679        4,493,986         317 Transportation  CIP 2,687,303        20,187,845      13,799,818      16,487,121      21,445,432      12,427,403      4,059,718         318 So Lake  WA Infrastructure  Proj 9,012               ‐                      ‐                      9,012               9,012               9,013               (1)                     326 Housing Opportunity 84,599             1,000,000        1,002,167        1,086,766        75,000             ‐                      1,086,766         336 New Library Development 19,571,748      450,000           509,987           20,081,735      20,021,748      4,751,975        15,329,760       ENTERPRISE FUNDS:31,326,773      99,699,614      79,148,036      110,474,809    107,118,868    73,583,578      36,891,231       4X2 Airport Operating & CIP 1,669,564        17,738,119      3,792,878        5,462,442        19,197,065      4,655,621        806,821            403 Solid Waste  Utility 1,344,883        16,419,820      17,340,322      18,685,205      16,508,948      17,139,599      1,545,606         4X4 Golf Operating & CIP 319,161           2,537,449        2,181,036        2,500,197        2,715,919        2,543,108        (42,911)            4X5 Water Operating & CIP 12,350,952      18,150,149      17,890,578      30,241,530      19,224,942      14,369,435      15,872,095       4X6 Waste  Water Operating & CIP 5,528,366        12,163,934      10,650,757      16,179,123      12,599,029      8,590,034        7,589,089         416 King  County Metro 2,603,562        15,202,336      15,266,419      17,869,981      15,202,336      14,553,672      3,316,309         4X7 Surface  Water Operating & CIP 7,510,285        17,487,807      12,026,046      19,536,331      21,670,629      11,732,109      7,804,222         INTERNAL SERVICE FUNDS:29,439,269      34,094,877      35,483,984      64,923,253      32,655,399      29,702,150      35,221,103       501 Equipment Repair/Replacement 3,935,088        4,380,718        4,556,523        8,491,611        4,669,709        3,181,292        5,310,319         502 Insurance 7,630,077        7,344,062        7,624,308        15,254,385      3,338,983        3,185,074        12,069,311       503 Information Services 2,216,612        4,010,222        4,040,526        6,257,138        5,358,145        4,341,090        1,916,048         504 Facilities 1,167,714        4,105,749        4,290,464        5,458,178        4,570,541        4,304,089        1,154,089         505 Communications 347,771           896,374           914,236           1,262,007        917,403           878,038           383,969            512 Insurance, Healthcare 6,934,304        11,622,068      12,282,245      19,216,549      12,062,456      12,541,045      6,675,504         522 Insurance, Leoff1 Retirees  HC 7,207,703        1,735,684        1,775,682        8,983,385        1,738,162        1,271,522        7,711,863         FIDUCIARY FUNDS: 4,790,247        300,000           455,615           5,245,862        225,475           204,880           5,040,982         611 Firemen's  Pension 4,790,247        300,000           455,615           5,245,862        225,475           204,880           5,040,982         TOTAL  FUNDS 114,491,902 274,706,570 250,464,051 364,955,953 309,762,380 241,157,009 123,798,945  Page 15 of 38 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 50,233,421            44,853,913            5,379,508              22,833,769             June 56,390,743            53,545,448            2,845,294              20,299,555             July 62,847,141            62,026,823            820,318                  18,274,579             August 68,948,315            70,785,733            (1,837,418)             15,616,843             September 75,770,901            78,798,286            (3,027,385)             14,426,876             October 94,198,592            88,095,548            6,103,044              23,557,305             November 106,024,345          95,713,308            10,311,038            27,765,299             December 111,782,133          111,671,112          111,021                  17,565,282              (9,000,000)  (8,000,000)  (7,000,000)  (6,000,000)  (5,000,000)  (4,000,000)  (3,000,000)  (2,000,000)  (1,000,000)  ‐  1,000,000  2,000,000  3,000,000  4,000,000  5,000,000  6,000,000  7,000,000  8,000,000  9,000,000  10,000,000  11,000,000  12,000,000  ‐  10,000,000  20,000,000  30,000,000  40,000,000  50,000,000  60,000,000  70,000,000  80,000,000  90,000,000  100,000,000  110,000,000  120,000,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Change in Fund  Balance Rev/Exp Revenues Expenditures Change in Fund Balance Page 16 of 38 City of Renton Monthly Revenue Analysis ‐ 2014 Budget Year General  Government Budget YTD Actual Annual %  over (under) Jan 6,063,457        5,710,991         ‐5.81% Feb 12,273,585      12,530,792      2.10% Mar 18,306,368      19,541,262      6.75% Apr 35,492,197      32,250,423       ‐9.13% May 49,652,438      50,233,421      1.17% Jun 55,359,895      56,390,743      1.86% Jul 62,416,959      62,847,141      0.69% Aug 68,216,380      68,948,315      1.07% Sep 73,916,297      75,770,901      2.51% Oct 91,066,940      94,198,592      3.44% Nov 103,507,788    106,024,345    2.43% Dec 110,562,662    111,782,133    1.10% Percent of budget 101.10% Property Tax Budget YTD Actual Annual %  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      18,201,961      0.12% Jun 18,250,621      17,957,441      ‐1.61% Jul 18,542,776      18,309,728      ‐1.26% Aug 18,546,494      18,488,664      ‐0.31% Sep 19,130,963      19,063,243      ‐0.35% Oct 29,751,020      30,840,418      3.66% Nov 34,808,607      34,891,805      0.24% Dec 35,240,495      35,295,390      0.16% Percent of budget 100.16%  $‐  $10  $20  $30  $40  $50  $60  $70  $80  $90  $100  $110  $120 Millions Total Revenue General Government Budget Actual Last Year  $(3)  $‐  $3  $6  $9  $12  $15  $18  $21  $24  $27  $30  $33  $36 Millions Property Tax Budget Actual Last Year Page 17 of 38 City of Renton Monthly Revenue Analysis ‐ 2014 Budget Year Sales Tax Budget YTD Actual Annual %  over (under) Jan 1,866,838        1,796,358         ‐3.78% Feb 4,247,021        4,122,324         ‐2.94% Mar 6,015,288        5,867,541         ‐2.46% Apr 7,812,547        7,607,062         ‐2.63% May 9,861,243        9,574,693         ‐2.91% Jun 11,704,076      11,442,944       ‐2.23% Jul 13,570,760      13,379,782       ‐1.41% Aug 15,578,666      15,650,879      0.46% Sep 17,484,725      17,719,960      1.35% Oct 19,504,714      19,810,455      1.57% Nov 21,539,901      21,994,933      2.11% Dec 23,521,654      24,054,774      2.27% Percent of budget 102.27% Note:  Excludes CJ Sales Tax and Natural Gas Use Tax. Utility Tax Budget YTD Actual Annual %  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        7,128,436        1.83% Jun 8,151,130        8,504,980        4.34% Jul 9,849,365        10,031,609      1.85% Aug 11,068,223      11,301,725      2.11% Sep 12,434,563      12,508,038      0.59% Oct 13,538,008      13,710,762      1.28% Nov 14,760,964      14,881,028      0.81% Dec 16,259,850      16,376,127      0.72% Percent of budget 100.72% Note:  Includes Natural Gas Use Tax.  $‐  $3  $6  $9  $12  $15  $18  $21  $24  $27 Millions Sales Tax Budget Actual Last Year  $‐  $2  $4  $6  $8  $10  $12  $14  $16  $18 Millions Utility Tax Budget Actual Last Year Page 18 of 38 City of Renton Monthly Revenue Analysis ‐ 2014 Budget Year Licenses &  Permits Budget YTD Actual Annual %  over (under) Jan 329,136           404,067           22.77% Feb 569,989           718,566           26.07% Mar 824,039           929,709           12.82% Apr 1,194,758        1,321,521        10.61% May 1,483,338        1,615,047        8.88% Jun 1,750,377        2,018,843        15.34% Jul 2,113,282        2,340,772        10.76% Aug 2,469,982        2,584,102        4.62% Sep 2,676,811        2,866,227        7.08% Oct 3,180,140        3,295,605        3.63% Nov 3,491,494        3,526,439        1.00% Dec 3,796,890        3,724,159         ‐1.92% Percent of budget 98.08% Note:  Franchise Fees Intergovt'l Budget YTD Actual Annual %  over (under) Jan 836,677           846,109           1.13% Feb 1,625,059        1,714,034        5.48% Mar 2,011,238        2,206,902        9.73% Apr 3,038,460        3,273,493        7.74% May 5,591,754        5,716,232        2.23% Jun 6,405,456        6,361,338        ‐0.69% Jul 7,295,226        6,946,598        ‐4.78% Aug 8,091,173        7,552,833        ‐6.65% Sep 8,566,185        8,299,399        ‐3.11% Oct 9,674,764        9,271,938        ‐4.16% Nov 12,282,317      12,963,671      5.55% Dec 13,126,336      13,664,242      4.10% Percent of budget 104.10% Note:  Includes CJ Sales Tax and FD25 & FD40 contracts  $‐  $1  $2  $3  $4  $5  $6  $7  $8  $9  $10  $11  $12  $13  $14  $15 Millions Intergovernmental Budget Actual Last Year  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00 Millions Licenses & Permits Budget Actual Last Year Page 19 of 38 City of Renton Monthly Revenue Analysis ‐ 2014 Budget Year Charges for  Services Budget YTD Actual Annual %  over (under) Jan 502,440           669,010           33.15% Feb 1,084,991        1,198,034        10.42% Mar 1,681,194        1,831,413        8.94% Apr 2,403,696        2,482,936        3.30% May 3,063,079        3,017,160         ‐1.50% Jun 3,696,650        3,730,690        0.92% Jul 4,549,385        4,470,663         ‐1.73% Aug 5,282,051        5,183,570         ‐1.86% Sep 5,851,432        5,742,786         ‐1.86% Oct 6,515,962        6,388,133         ‐1.96% Nov 7,103,411        6,801,674         ‐4.25% Dec 7,771,380        7,464,079         ‐3.95% Percent of budget 96.05% Note: Excludes FD25 & FD40 contracts Fines &  Forfeits Budget YTD Actual Annual %  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        963,935           ‐27.67% Jun 1,639,716        1,188,149        ‐27.54% Jul 1,909,496        1,393,252        ‐27.04% Aug 2,087,621        1,651,980        ‐20.87% Sep 2,257,534        1,899,460        ‐15.86% Oct 2,506,763        2,139,450        ‐14.65% Nov 2,736,768        2,426,857        ‐11.32% Dec 3,058,500        2,682,948        ‐12.28% Percent of budget 87.72%  $‐  $1  $2  $3  $4  $5  $6  $7  $8  $9 Millions Charges for Services Budget Actual Last Year  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50 Millions Fines & Forfeits Budget Actual Last Year Page 20 of 38 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 2,039,843        3,008,720        47.50% May 2,401,309        3,359,954        39.92% Jun 2,889,486        4,272,641        47.87% Jul 3,587,180        5,082,426        41.68% Aug 3,954,237        5,505,875        39.24% Sep 4,277,220        6,085,885        42.29% Oct 5,064,812        7,021,935        38.64% Nov 5,362,343        6,683,935        24.65% Dec 5,663,000        6,173,196        9.01% Percent of budget 109.01% Misc Budget YTD Actual Annual %  over (under) Jan 191,797           243,963           27.20% Feb 260,586           343,510           31.82% Mar 423,011           469,642           11.02% Apr 527,173           539,736           2.38% May 738,691           647,386           ‐12.36% Jun 872,383           905,100           3.75% Jul 999,488           883,693           ‐11.59% Aug 1,137,933        1,005,672        ‐11.62% Sep 1,236,865        1,558,421        26.00% Oct 1,330,758        1,678,015        26.09% Nov 1,421,983        1,806,747        27.06% Dec 2,124,557        2,298,586        8.19% Percent of budget 108.19%  $‐  $0.50  $1.00  $1.50  $2.00  $2.50 Millions Miscellaneous Budget Actual Last Year  $‐  $1  $2  $3  $4  $5  $6  $7  $8 Millions Other Taxes Budget Actual Last Year Page 21 of 38 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 ‐                         8,617                100.00% Jun ‐                         8,617                100.00% Jul ‐                         8,617                100.00% Aug ‐                         23,015              100.00% Sep ‐                         27,482              100.00% Oct ‐                         41,880              100.00% Nov ‐                         47,257              100.00% Dec ‐                         48,632              100.00% 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 22 of 38 City of Renton Monthly Revenue Analysis ‐ 2014 Budget Year REET Budget YTD Actual Annual %  over (under) Jan 129,840           162,143           24.88% Feb 383,680           610,596           59.14% Mar 604,520           838,225           38.66% Apr 795,880           1,747,345        119.55% May 1,072,720        2,010,091        87.38% Jun 1,409,520        2,634,433        86.90% Jul 1,664,920        2,984,646        79.27% Aug 1,949,600        3,331,324        70.87% Sep 2,195,800        3,596,857        63.81% Oct 2,459,880        4,032,907        63.95% Nov 2,791,520        4,256,583        52.48% Dec 4,000,000        4,348,762        8.72% Percent of budget 108.72% Bldg Permits &  Devlpmt Svc  Fees Budget YTD Actual Annual %  over (under) Jan 323,725           432,890           33.72% Feb 600,964           845,207           40.64% Mar 970,114           1,233,397        27.14% Apr 1,377,418        1,607,401        16.70% May 1,791,280        1,956,991        9.25% Jun 2,148,916        2,473,680        15.11% Jul 2,545,024        2,762,637        8.55% Aug 2,996,865        3,062,821        2.20% Sep 3,272,612        3,431,861        4.87% Oct 3,828,456        3,824,884        ‐0.09% Nov 4,264,438        4,064,867        ‐4.68% Dec 4,771,087        4,519,234        ‐5.28% Percent of budget 94.72%  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  $4.50  $5.00 Millions Real Estate Excise Tax Budget Actual Last Year  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  $4.50  $5.00  $5.50 Millions Building Permits and Development Service  Fees Budget Actual Last Year Page 23 of 38 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year General  Government Budget YTD Actual Annual %  over (under) Jan 8,072,327        8,047,088         ‐0.31% Feb 17,512,372      15,890,655       ‐9.26% Mar 25,557,404      23,627,952       ‐7.55% Apr 34,558,605      32,119,009       ‐7.06% May 43,968,580      44,853,913      2.01% Jun 52,942,862      53,545,448      1.14% Jul 61,792,721      62,026,823      0.38% Aug 70,436,207      70,785,733      0.50% Sep 78,911,330      78,798,286       ‐0.14% Oct 87,958,437      88,095,548      0.16% Nov 96,174,204      95,713,308       ‐0.48% Dec 114,289,663    111,671,112     ‐2.29% Percent of budget expended 97.71% Legislative Budget YTD Actual Annual %  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           133,956           3.88% Jun 154,624           159,997           3.48% Jul 180,383           185,030           2.58% Aug 205,498           209,660           2.03% Sep 231,042           234,318           1.42% Oct 256,847           259,383           0.99% Nov 282,568           283,891           0.47% Dec 309,907           309,317           ‐0.19% Percent of budget expended 99.81%  $‐  $10  $20  $30  $40  $50  $60  $70  $80  $90  $100  $110  $120 Millions Total Expenditures General Government Budget Actual Last Year  $‐  $50,000  $100,000  $150,000  $200,000  $250,000  $300,000  $350,000 Legislative Budget Actual Last Year Page 24 of 38 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           517,214            ‐7.24% Jun 661,840           629,321            ‐4.91% Jul 776,168           742,514            ‐4.34% Aug 891,836           861,339            ‐3.42% Sep 997,727           972,904            ‐2.49% Oct 1,110,465        1,082,383         ‐2.53% Nov 1,222,415        1,190,964         ‐2.57% Dec 1,359,996        1,338,738         ‐1.56% Percent of budget expended 98.44% City Attorney Budget YTD Actual Annual %  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           713,626           ‐2.45% Jun 882,055           878,900           ‐0.36% Jul 1,024,858        1,035,254        1.01% Aug 1,170,538        1,196,303        2.20% Sep 1,323,502        1,352,254        2.17% Oct 1,482,556        1,509,944        1.85% Nov 1,626,768        1,666,481        2.44% Dec 1,863,395        1,829,254        ‐1.83% Percent of budget expended 98.17%  $‐  $0.30  $0.60  $0.90  $1.20  $1.50 Millions Executive Budget Actual Last Year  $‐  $0.40  $0.80  $1.20  $1.60  $2.00 Millions City Attorney Budget Actual Last Year Page 25 of 38 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           830,863            ‐2.25% Jun 1,039,155        997,832            ‐3.98% Jul 1,215,215        1,167,708         ‐3.91% Aug 1,385,662        1,333,913         ‐3.73% Sep 1,555,116        1,495,607         ‐3.83% Oct 1,726,270        1,656,337         ‐4.05% Nov 1,897,359        1,808,423         ‐4.69% Dec 2,094,010        2,016,273         ‐3.71% Percent of budget expended 96.29% CED Admin Budget YTD Actual Annual %  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           418,279           ‐0.71% Jun 504,064           502,746           ‐0.26% Jul 586,980           587,213           0.04% Aug 669,788           671,680           0.28% Sep 752,773           756,148           0.45% Oct 835,539           840,615           0.61% Nov 918,100           924,619           0.71% Dec 1,012,142        1,010,761        ‐0.14% Percent of budget expended 99.86%  $‐  $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60  $1.80  $2.00  $2.20 Millions Court Services Budget Actual Last Year  $‐  $0.20  $0.40  $0.60  $0.80  $1.00  $1.20 Millions Community & Economic Development Admin Budget Actual Last Year Page 26 of 38 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        1,163,496         ‐3.92% Jun 1,463,648        1,382,845         ‐5.52% Jul 1,721,037        1,593,443         ‐7.41% Aug 1,995,920        1,817,405         ‐8.94% Sep 2,250,357        2,003,133         ‐10.99% Oct 2,519,009        2,210,589         ‐12.24% Nov 2,776,952        2,419,251         ‐12.88% Dec 3,040,435        2,659,078         ‐12.54% Percent of budget expended 87.46% Economic  Development Budget YTD Actual Annual %  over (under) Jan 88,953              36,443               ‐59.03% Feb 135,901           80,671              ‐40.64% Mar 187,329           136,650           ‐27.05% Apr 242,851           186,131           ‐23.36% May 293,773           230,384           ‐21.58% Jun 350,648           286,843           ‐18.20% Jul 410,469           353,794           ‐13.81% Aug 475,554           410,729           ‐13.63% Sep 533,685           465,775           ‐12.72% Oct 590,910           520,262           ‐11.96% Nov 654,424           577,062           ‐11.82% Dec 722,780           654,007           ‐9.52% Percent of budget expended 90.48%  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50 Millions Development Services Budget Actual Last Year  $‐  $0.10  $0.20  $0.30  $0.40  $0.50  $0.60  $0.70  $0.80 Millions Economic Development Budget Actual Last Year Page 27 of 38 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           747,714            ‐18.84% Jun 1,108,350        922,069            ‐16.81% Jul 1,296,003        1,107,408         ‐14.55% Aug 1,501,983        1,300,370         ‐13.42% Sep 1,703,471        1,486,360         ‐12.75% Oct 1,879,353        1,698,142         ‐9.64% Nov 2,062,499        1,876,321         ‐9.03% Dec 2,261,206        2,095,706         ‐7.32% Percent of budget expended 92.68% Finance Budget YTD Actual Annual %  over (under) Jan 174,219           161,643            ‐7.22% Feb 350,791           331,528            ‐5.49% Mar 537,158           505,966           ‐5.81% Apr 733,247           678,686           ‐7.44% May 934,634           852,555           ‐8.78% Jun 1,140,246        1,129,517        ‐0.94% Jul 1,350,983        1,336,451        ‐1.08% Aug 1,565,061        1,578,130        0.84% Sep 1,752,355        1,770,575        1.04% Oct 1,927,705        1,946,971        1.00% Nov 2,098,547        2,124,461        1.23% Dec 2,644,758        2,644,827        0.00% Percent of budget expended 100.00%  $‐  $0.40  $0.80  $1.20  $1.60  $2.00  $2.40  $2.80 Millions Finance Budget Actual Last Year  $‐  $0.50  $1.00  $1.50  $2.00  $2.50 Millions Planning Budget Actual Last Year Page 28 of 38 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           516,105           3.63% Jun 563,065           583,164           3.57% Jul 745,933           650,434            ‐12.80% Aug 827,964           717,774            ‐13.31% Sep 901,085           783,328            ‐13.07% Oct 973,200           850,302            ‐12.63% Nov 1,046,567        912,188            ‐12.84% Dec 1,125,927        1,152,246        2.34% Percent of budget expended 102.34% Includes Hearing Examiner Human  Resources Budget YTD Actual Annual %  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           365,419           ‐8.07% Jun 489,534           439,333           ‐10.25% Jul 572,574           516,316           ‐9.83% Aug 658,226           597,747           ‐9.19% Sep 739,793           677,205           ‐8.46% Oct 822,360           749,118           ‐8.91% Nov 907,045           820,519           ‐9.54% Dec 1,002,994        922,668           ‐8.01% Percent of budget expended 91.99%  $‐  $0.20  $0.40  $0.60  $0.80  $1.00 Millions Human Resources Budget Actual Last Year  $‐  $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40 Millions City Clerk Budget Actual Last Year Page 29 of 38 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Police Budget YTD Actual Annual %  over (under) Jan 2,519,233        2,620,270        4.01% Feb 5,030,214        4,935,606         ‐1.88% Mar 7,520,478        7,538,512        0.24% Apr 10,113,960      9,787,131         ‐3.23% May 12,782,374      12,388,107       ‐3.08% Jun 15,204,013      14,833,908       ‐2.43% Jul 17,921,639      17,418,007       ‐2.81% Aug 20,266,970      19,670,400       ‐2.94% Sep 22,955,565      22,287,048       ‐2.91% Oct 25,312,505      24,629,111       ‐2.70% Nov 27,948,257      27,211,179       ‐2.64% Dec 30,566,637      30,143,913       ‐1.38% Percent of budget expended 98.62% Fire &  Emergency  Services Budget YTD Actual Annual %  over (under) Jan 2,055,782        2,561,083        24.58% Feb 4,880,629        4,745,812        ‐2.76% Mar 6,900,966        6,727,201        ‐2.52% Apr 8,916,362        8,701,872        ‐2.41% May 11,103,522      10,587,000      ‐4.65% Jun 13,103,287      12,576,090      ‐4.02% Jul 15,109,225      14,602,905      ‐3.35% Aug 17,147,280      17,031,941      ‐0.67% Sep 19,167,066      19,047,501      ‐0.62% Oct 21,215,155      21,014,198      ‐0.95% Nov 23,292,134      22,967,966      ‐1.39% Dec 25,392,334      25,240,760      ‐0.60% Percent of budget expended 99.40%  $‐  $3  $6  $9  $12  $15  $18  $21  $24  $27  $30  $33 Millions Police Budget Actual Last Year  $‐  $3  $6  $9  $12  $15  $18  $21  $24  $27 Millions Fire & Emergency Services Budget Actual Last Year Page 30 of 38 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           196,067            ‐4.40% Jun 245,774           233,851            ‐4.85% Jul 286,244           273,470            ‐4.46% Aug 326,379           311,518            ‐4.55% Sep 366,052           350,076            ‐4.36% Oct 405,523           387,579            ‐4.42% Nov 447,189           427,611            ‐4.38% Dec 493,982           480,727            ‐2.68% Percent of budget expended 97.32% Parks Budget YTD Actual Annual %  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        1,483,776        ‐8.07% Jun 1,979,168        1,838,337        ‐7.12% Jul 2,366,921        2,221,396        ‐6.15% Aug 2,777,634        2,651,206        ‐4.55% Sep 3,184,127        3,062,286        ‐3.83% Oct 3,574,538        3,425,754        ‐4.16% Nov 3,939,495        3,736,620        ‐5.15% Dec 4,311,514        4,070,181        ‐5.60% Percent of budget expended 94.40%  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  $4.50 Millions Parks Budget Actual Last Year $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 Page 31 of 38 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           270,042            ‐10.53% Jun 366,732           323,404            ‐11.81% Jul 431,978           388,391            ‐10.09% Aug 495,631           447,522            ‐9.71% Sep 564,205           520,028            ‐7.83% Oct 636,195           579,547            ‐8.90% Nov 702,081           652,989            ‐6.99% Dec 880,373           722,739            ‐17.91% Percent of budget expended 82.09% Recreation Budget YTD Actual Annual %  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        1,601,422        ‐10.70% Jun 2,188,393        1,972,450        ‐9.87% Jul 2,809,941        2,585,291        ‐7.99% Aug 3,479,188        3,235,603        ‐7.00% Sep 3,980,445        3,741,873        ‐5.99% Oct 4,344,574        4,069,963        ‐6.32% Nov 4,701,254        4,413,265        ‐6.13% Dec 5,111,272        4,823,195        ‐5.64% Percent of budget expended 94.36%  $‐  $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 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 $5.50 Millions Recreation Budget Actual Last Year Page 32 of 38 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Human  Services Budget YTD Actual Annual %  over (under) Jan 55,618              47,594               ‐14.43% Feb 137,342           143,610           4.56% Mar 256,950           249,760            ‐2.80% Apr 398,189           385,688            ‐3.14% May 482,903           453,886            ‐6.01% Jun 553,577           503,169            ‐9.11% Jul 696,013           632,253            ‐9.16% Aug 766,601           734,148            ‐4.23% Sep 820,966           778,514            ‐5.17% Oct 972,513           922,589            ‐5.13% Nov 1,051,935        984,040            ‐6.45% Dec 1,250,790        1,159,189         ‐7.32% Percent of budget expended 92.68% Neighborhoods , Resources,  and Events Budget YTD Actual Annual %  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           307,785           ‐11.72% Jun 436,118           371,803           ‐14.75% Jul 544,155           472,085           ‐13.24% Aug 631,090           545,684           ‐13.53% Sep 711,521           609,069           ‐14.40% Oct 785,130           680,570           ‐13.32% Nov 890,176           754,887           ‐15.20% Dec 979,716           875,223           ‐10.67% Percent of budget expended 89.33%  $‐  $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40 Millions Human Services Budget Actual Last Year  $‐  $100,000  $200,000  $300,000  $400,000  $500,000  $600,000  $700,000  $800,000  $900,000  $1,000,000 Neighborhoods, Resources, and Events Budget Actual Last Year Page 33 of 38 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              84,860               ‐9.92% Jun 113,251           103,291            ‐8.79% Jul 131,932           121,764            ‐7.71% Aug 150,895           140,521            ‐6.87% Sep 169,970           158,841            ‐6.55% Oct 189,000           177,396            ‐6.14% Nov 208,138           195,746            ‐5.95% Dec 226,683           214,291            ‐5.47% Percent of budget expended 94.53% Public Works  Admin Budget YTD Actual Annual %  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           160,270           ‐21.24% Jun 241,286           193,002           ‐20.01% Jul 277,486           225,599           ‐18.70% Aug 314,166           258,263           ‐17.79% Sep 350,422           291,876           ‐16.71% Oct 385,541           323,823           ‐16.01% Nov 420,605           355,520           ‐15.47% Dec 456,340           389,493           ‐14.65% Percent of budget expended 85.35%  $‐  $50,000  $100,000  $150,000  $200,000  $250,000  $300,000  $350,000  $400,000  $450,000  $500,000 Public Works Admin Budget Actual Last Year  $‐  $30,000  $60,000  $90,000  $120,000  $150,000  $180,000  $210,000  $240,000 Museum Fund Budget Actual Last Year Page 34 of 38 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Street  Maintenance Budget YTD Actual Annual %  over (under) Jan 357,056           311,026            ‐12.89% Feb 762,542           658,352            ‐13.66% Mar 1,136,757        980,862            ‐13.71% Apr 1,524,658        1,423,475         ‐6.64% May 1,897,484        1,791,574         ‐5.58% Jun 2,295,209        2,157,217         ‐6.01% Jul 2,669,674        2,532,280         ‐5.15% Aug 3,032,552        2,911,004         ‐4.01% Sep 3,407,811        3,292,979         ‐3.37% Oct 3,787,372        3,746,215         ‐1.09% Nov 4,167,811        4,113,703         ‐1.30% Dec 4,595,011        4,503,315         ‐2.00% Percent of budget expended 98.00% Transportation Budget YTD Actual Annual %  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        1,771,639        ‐2.14% Jun 2,129,219        2,100,480        ‐1.35% Jul 2,522,140        2,426,304        ‐3.80% Aug 2,918,281        2,773,453        ‐4.96% Sep 3,263,752        3,079,278        ‐5.65% Oct 3,635,898        3,432,741        ‐5.59% Nov 3,985,013        3,737,728        ‐6.21% Dec 4,539,752        4,263,725        ‐6.08% Percent of budget expended 93.92%  $‐  $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 $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 $4.5 $5.0 Millions Transportation Budget Actual Last Year Page 35 of 38 City of Renton Monthly Expenditure Analysis ‐ 2014 Budget Year Debt Service Budget YTD Actual Annual %  over (under) Jan ‐                         51,520              100.00% Feb 236,267           302,837           28.18% Mar 236,267           303,355           28.39% Apr 791,769           916,538           15.76% May 798,545           917,058           14.84% Jun 1,737,768        1,807,407        4.01% Jul 1,752,705        2,068,927        18.04% Aug 1,990,270        2,319,244        16.53% Sep 1,990,389        2,319,244        16.52% Oct 2,978,148        3,858,787        29.57% Nov 2,978,148        3,858,787        29.57% Dec 8,400,863        8,393,140         ‐0.09% Percent of budget expended 99.91% Non‐ Departmental  Other City Budget YTD Actual Annual %  over (under) Jan 637,937           298,065           ‐53.28% Feb 1,442,470        467,210           ‐67.61% Mar 1,808,303        633,063           ‐64.99% Apr 2,288,022        1,028,664        ‐55.04% May 3,587,151        6,350,814        77.04% Jun 3,991,839        6,618,473        65.80% Jul 4,392,064        6,782,586        54.43% Aug 4,791,239        7,060,175        47.36% Sep 5,238,135        7,262,067        38.64% Oct 5,612,134        7,523,227        34.05% Nov 5,948,723        7,699,087        29.42% Dec 9,646,844        9,758,346        1.16% Percent of budget expended 101.16%  $‐  $1.00  $2.00  $3.00  $4.00  $5.00  $6.00  $7.00  $8.00  $9.00  $10.00 Millions Non‐Departmental Other City Services Budget Actual Last Year  $‐  $1  $2  $3  $4  $5  $6  $7  $8  $9 Millions Debt Service Budget Actual Last Year Page 36 of 38 City of Renton Monthly Enterprise Fund Financial Report ‐ 2014 Budget Year Utilities Budget Revenue Expense Jan 4,292,321        6,606,636      3,795,307       Feb 9,862,720        11,939,236    8,329,760       Mar 17,431,629      17,397,529    13,080,021     Apr 23,819,659      23,768,876    17,635,562     May 31,046,912      29,697,956    22,628,698     Jun 39,397,003      35,247,583    28,309,030     Jul 47,449,021      41,725,569    34,204,756     Aug 54,200,053      48,485,673    39,583,355     Sep 61,798,784      54,748,613    45,515,835     Oct 67,661,596      61,529,725    50,817,667     Nov 73,935,434      66,895,726    55,804,773     Dec 85,205,884      73,174,070    66,375,542     Percent of budget expended 74.70% Note:  Operations and Capital Airport Budget Revenue Expense Jan 215,199           292,698          108,595           Feb 442,108           639,757          472,632           Mar 895,351           1,015,941      1,226,930       Apr 1,102,679        1,499,014      1,410,992       May 2,180,979        1,720,026      1,746,960       Jun 3,457,391        2,031,905      1,929,278       Jul 5,655,647        2,302,052      2,441,832       Aug 11,654,154      2,647,308      2,642,994       Sep 12,289,961      2,941,667      3,272,831       Oct 18,023,356      3,174,847      3,540,047       Nov 18,322,638      3,413,659      3,975,089       Dec 19,197,065      3,792,878      4,655,621       Percent of budget expended 24.25% Note:  Operations and Capital $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 Millions Utilities Budget Revenue Expense  $‐  $5.00  $10.00  $15.00  $20.00  $25.00 Millions Airport Budget Revenue Expense Page 37 of 38 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           731,751          898,163           Jun 1,151,882        1,039,218      1,072,304       Jul 1,346,835        1,356,019      1,258,392       Aug 1,533,049        1,664,007      1,449,288       Sep 1,729,746        1,902,271      1,641,315       Oct 1,916,501        2,040,088      1,860,039       Nov 2,077,100        2,105,393      1,999,904       Dec 2,715,919        2,181,036      2,543,108       Percent of budget expended 93.64% 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 38 of 38