HomeMy WebLinkAbout201402, February.pdfADMINISTRATIVE SERVICES
DEPARTMENT
M E M O R A N D U M
DATE: April 28, 2014
TO: Don Persson, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: February 2014 Financial Status Report
At the end of February, general governmental revenues show $713k or 6% over budget.
Revenues sources that are higher than expected are: utility taxes ($135k); real estate excise tax
($276k); building permits & development service fees ($328k); and other miscellaneous ($85k).
On the down side, the revenue sources that are underperforming the year to date budget are:
property tax ($191k below) and fines/penalties ($170k below).
General government expenditures showed a favorable variance of $126k or 0.8%. See page 9
of report for further expenditure over‐spent explanations.
The attached report provides more detailed discussion of each revenue source and our updated
projections for the year. Please do not hesitate to contact me at x6952 should you have any
questions or any suggestions about the report.
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General Governmental Funds
$%
Beginning Fund Balance 11,057,551$ 11,057,551$ 15,575,840$ 15,575,840$ 10,751,945$ 10,751,945$ 17,454,261$ 6,702,316 62.3%
OPERATING REVENUES
Property Tax 33,466,364 234,689 32,485,690 179,965 35,240,495 265,395 74,744 (190,651) ‐71.8%
Sales Tax 18,564,670 3,251,262 20,416,372 3,583,441 20,196,000 3,654,947 3,686,718 31,771 0.9%
Sales Tax ‐ Annexation Credit 2,208,492 393,908 2,418,789 423,264 2,236,262 391,323 435,607 44,283 11.3%
Criminal Justice Sales Tax 1,924,470 338,736 2,091,174 370,353 2,000,000 354,206 397,797 43,591 12.3%
Natural Gas Use Tax 272,530 103,454 263,660 56,163 300,000 63,904 65,110 1,206 1.9%
Admission Tax 311,054 74,353 327,258 82,440 308,000 77,589 80,243 2,655 3.4%
Franchise Fees 1,262,188 300,392 1,312,727 314,469 1,260,000 301,838 323,121 21,283 7.1%
Electricity Tax 5,211,111 1,020,050 5,155,789 1,068,529 5,409,000 1,121,007 1,051,035 (69,972) ‐6.2%
Natural Gas Utility Tax 1,669,967 482,804 1,550,900 457,439 1,500,520 442,580 464,316 21,737 4.9%
Garbage/Solid Waste 330,607 31,552 397,596 47,232 300,000 35,638 116,166 80,528 226.0%
TV Cable 1,423,664 196,557 1,481,779 209,746 1,529,365 216,481 219,617 3,136 1.4%
Telephone 1,056,420 165,318 917,021 107,863 952,500 112,037 140,016 27,979 25.0%
Cellular Phone 2,183,853 398,483 2,050,312 223,565 2,077,000 226,475 243,976 17,502 7.7%
City Utilities 3,806,281 583,499 3,964,989 569,559 3,791,465 544,633 597,445 52,813 9.7%
Leasehold Excise Tax 158,849 26,202 164,637 10,248 145,000 9,026 10,618 1,592 17.6%
Gambling Excise Tax 1,691,209 319,797 1,319,585 207,234 1,600,000 251,272 264,885 13,613 5.4%
Real Estate Excise Tax 2,811,902 291,768 4,131,665 396,328 2,900,000 335,005 610,596 275,591 82.3%
Less: CIP REET (943,792) (57,633) (700,000) (76,222) (550,000) (115,797) (115,797) ‐ 0.0%
EMS Levy 885,781 ‐ 916,361 ‐ 900,000 ‐ ‐ ‐ 0.0%
Business License Fees 444,680 112,928 503,766 136,039 533,067 143,952 128,077 (15,875) ‐11.0%
Animal Licenses and Spec Events Permits 91,835 20,899 99,411 17,160 90,000 16,487 18,193 1,705 10.3%
Building Permits & Development Svc Fees 3,552,369 375,778 4,001,625 557,624 3,705,701 517,447 845,207 327,760 63.3%
Intergovt'l (Grants, State Shared, etc)4,593,185 516,625 3,863,974 934,509 3,648,307 1,135,160 1,164,768 29,608 2.6%
Fire District 25 and 40 Contracts 6,155,621 152,200 5,726,895 161,972 5,877,463 151,469 151,469 ‐ 0.0%
Public Safety 485,899 50,077 680,581 149,378 774,535 170,000 162,778 (7,222) ‐4.2%
Culture and Recreation 1,494,165 121,399 1,494,580 111,706 1,525,863 114,044 138,395 24,351 21.4%
Interfund/Interdept‐Services 3,311,715 472,142 3,464,913 558,235 3,121,003 520,167 558,835 38,668 7.4%
Fines and Penalties 1,046,246 82,132 1,137,140 91,087 1,108,500 88,560 158,466 69,906 78.9%
Photo Enforcement 1,976,203 330,705 1,629,524 309,144 1,950,000 369,942 129,766 (240,176) ‐64.9%
Seizure Funds ‐ Federal/State/Local 37,941 11,690 50,639 (6,000) 180,693 (21,410) 1,848 23,258 ‐108.6%
Interests and Other Earnings 342,424 11,673 423,609 10,244 745,300 18,023 19,330 1,307 7.3%
Rents, Leases, and Concessions 822,428 192,089 734,530 196,155 775,464 207,086 197,760 (9,327) ‐4.5%
Contributions and Donations 124,082 35,428 84,320 1,553 87,000 1,603 6,709 5,107 318.6%
Other Miscellaneous 564,571 74,731 684,187 123,169 516,630 97,761 182,978 85,217 87.2%
Other Financing Sources (Transfer‐In, etc) 5,118,188 90 299,527 6,974 ‐ ‐ ‐ ‐ 0.0%
Total Operating Revenues 108,457,170 10,715,775 105,545,527 11,590,564 106,735,133 11,817,849 12,530,792 712,943 6.0%
OPERATING EXPENDITURES
Council 278,768 45,516 289,911 47,686 295,947 48,503 55,960 (7,457) ‐15.4%
Executive 1,377,109 193,315 1,240,910 186,330 1,349,262 195,660 186,396 9,263 4.7%
City Attorney 1,706,320 277,093 1,922,225 285,967 1,700,639 263,897 276,371 (12,474) ‐4.7%
Court Services 2,074,980 334,252 2,003,104 310,767 2,009,688 317,867 323,167 (5,300) ‐1.7%
Community and Eco Dvlpmnt Admin 942,071 159,405 1,047,860 170,570 1,008,700 167,265 166,457 809 0.5%
Development Services 3,103,568 477,272 3,243,702 515,474 2,698,044 421,988 437,105 (15,117) ‐3.6%
Economic Development 529,043 105,987 467,511 81,391 559,126 105,130 80,671 24,460 23.3%
Planning 1,482,233 245,831 1,510,707 237,260 2,217,824 357,979 264,152 93,827 26.2%
Finance 2,221,882 312,270 2,274,147 284,066 2,315,570 307,128 331,528 (24,400) ‐7.9%
City Clerk1 997,434 114,658 1,020,822 123,564 1,106,909 130,652 183,252 (52,599) ‐40.3%
Human Resources 937,412 145,615 904,182 134,784 996,150 151,673 131,247 20,425 13.5%
Police 25,004,580 4,100,369 24,946,784 4,101,784 25,384,645 4,168,229 4,309,226 (140,997) ‐3.4%
Jail Services 3,489,616 291,830 3,814,042 635,682 4,500,000 626,380 626,380 ‐ 0.0%
Fire 24,173,315 4,615,089 24,444,372 4,729,656 25,106,874 4,825,761 4,745,812 79,949 1.7%
Community Services Admin 434,558 73,790 452,146 74,364 477,630 79,805 75,787 4,018 5.0%
Parks 4,004,054 551,290 4,024,756 563,088 4,179,513 580,106 555,521 24,584 4.2%
Parks Planning & Natural Resources 577,934 73,127 829,250 88,359 685,661 78,685 90,409 (11,724) ‐14.9%
Recreation 4,982,229 652,057 4,846,970 650,023 5,063,974 670,828 603,208 67,620 10.1%
Human Services 1,193,871 130,666 1,162,330 128,054 1,160,116 127,385 143,610 (16,225) ‐12.7%
Neighborhoods, Resources, & Events 701,673 89,449 770,841 108,774 896,992 120,749 146,776 (26,027) ‐21.6%
Library 278,604 5,000 ‐ ‐ ‐ ‐ ‐ ‐ 0.0%
Museum 216,887 35,736 209,387 34,090 218,308 35,760 33,387 2,373 6.6%
Public Works Admin 470,051 79,440 426,312 79,912 492,345 87,527 63,574 23,953 27.4%
Street Maintenance 3,755,640 614,685 3,814,132 641,518 4,418,539 733,256 658,352 74,904 10.2%
Transportation 4,615,160 660,477 4,476,854 670,659 4,402,279 644,525 632,259 12,266 1.9%
Debt Service 9,752,337 250,317 8,048,508 250,317 8,340,863 302,837 302,837 ‐ 0.0%
Non‐Departmental and Other 4,637,555 649,480 5,475,340 862,677 3,486,844 467,210 467,210 ‐ 0.0%
Total Operating Expenditures 103,938,882 15,284,017 103,667,105 15,996,818 105,072,444 16,016,788 15,890,655 126,133 0.8%
Total Ending Fund Balance 15,575,840$ 6,489,310$ 17,454,262$ 11,169,585$ 12,414,634$ 6,553,007$ 14,094,399$ 7,541,392$ 115.1%
1Hearing Examiner is reported under City Clerk
Summary of Sources and Uses Annual Actual YTD Actual Favorable (Unfavorable)
2012 2013 2014 Variance
Annual Actual YTD Actual Annual Budget YTD Budget YTD Actual
Monthly Financial Report February 2014
Page 1 of 36
Monthly Financial Report February 2014
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through February 28, 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 year. 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 66% of
all resources supporting general governmental activities. The following section provides detail information on property,
sales, utility, and other taxes.
Property Tax
February’s collection is $177k, making the
total year‐to‐date collection $75k or 0.2%
of the total budget. In comparison to the
previous year, the City collected $105k or
58% less. Compared to the budget, the
City is below projections by $191k or
72%. 2014’s monthly budgets are based
on 2011 through 2013 collections. The
variance from the monthly budget is due
the timing of collections.
Sales Tax
February 2014 sales tax receipts totalled $2.1
million. Compared with the same month last
year, it is $117k or 6% more. Compared to
the projected current month’s budget, it is
$32k or 2% above. The year‐to‐date
collection of $3.7 million is $103k or 3% more
than the prior year and is also $32k or 1%
more than budgeted. The City is projecting
sales tax to meet the budget at year‐end.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 1,620,555$ 1,607,453$ 1,607,045$ (13,510)$ ‐1% (408)$ 0%
Feb 1,962,886 2,047,494 2,079,673 116,787 6% 32,179 2%
Mar 1,536,397 1,523,208 ‐
Apr 1,509,953 1,548,879 ‐
May 1,732,058 1,762,699 ‐
Jun 1,552,807 1,584,050 ‐
Jul 1,647,860 1,599,650 ‐
Aug 1,833,347 1,718,742 ‐
Sep 1,741,262 1,633,772 ‐
Oct 1,790,411 1,728,992 ‐
Nov 1,802,768 1,740,835 ‐
Dec 1,686,069 1,700,227 ‐
YTD Total 3,583,441$ 3,654,947$ 3,686,718$ 103,277$ 3% 31,771$ 1%
Annual Total 20,416,372$ 20,196,000$
2014 vs. Budget2014 vs. 2013
Month
Year to Date through February
Local Retail Sales Tax Revenues
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 154,945$ 114,344$ (101,807)$ (256,752)$ ‐166% (216,151)$ ‐189%
Feb 25,020 151,051 176,551 151,531 606% 25,500 17%
Mar 917,901 892,251
Apr 9,887,324 10,199,645
May 5,780,361 6,793,218
Jun 88,480 89,353
Jul 100,047 237,649
Aug 58,101 26,827
Sep 548,071 490,283
Oct 10,140,892 9,354,405
Nov 4,341,474 6,471,185
Dec 443,072 420,284
YTD Total 179,965$ 265,395$ 74,744$ (105,221)$ ‐58% (190,651)$ ‐72%
Annual Total 32,485,690$ 35,240,495$
Property Tax Revenues
Year to Date through February
2014 vs. 2013 2014 vs. Budget
Month
Page 2 of 36
Monthly Financial Report February 2014
The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business
sectors:
Sales Tax by Sector 2013 2014 Bgt YTD Act Change 2014/2013 2014 Act vs Bgt
New Construction 519,128$ 377,896$ 369,900$ (149,228)$ ‐29%$ (7,996)‐2%
Auto Sales 599,127 651,394 667,024 67,897 11% 15,630 2%
General Retail 1,235,762 1,275,409 1,230,056 (5,706) 0% (45,353)‐4%
Manufacturing 192,784 277,353 389,084 196,300 102% 111,731 40%
Wholesale 194,877 212,808 166,550 (28,327) ‐15% (46,258)‐22%
Service 740,522 767,974 766,783 26,261 4% (1,191) 0%
Other 101,242 92,111 97,320 (3,922) ‐4% 5,209 6%
YTD Total 3,583,441$ 3,654,947$ 3,686,718$ 103,277$ 3%31,771$ 1%
Note: Excludes Annexation Credit and Criminal Justice Sales Tax revenue.
Utility tax
February utility tax revenues are $1.5
million, which is $62k or 4% higher than the
same month last year and is also ahead of
the budget by $45k or 3%. The year‐to‐date
collection is $2.9 million, which is $158k or
6% higher than the prior year and is also
$135k or 5% higher than the budget. The
City is projecting utility tax revenues to be
very close to the budget at year‐end.
The table below breaks out Utility Tax by source. The variance for Garbage/Solid Waste (not City Utilities) is due to a one‐
time correction (under reporting during September 2013 through December 2013) receipted in February.
Utility Tax by Type 2013 2014 Bgt YTD Act Change 2014/2013 2014 Act vs Bgt
Electrical 1,068,529$ 1,121,007$ 1,051,035$ (17,495)$ ‐2%$ (69,972)‐6%
Natural Gas 513,603 506,484 529,426 15,824 3% 22,942 5%
Cell 223,565 226,475 243,976 20,412 9% 17,502 8%
Phone 107,863 112,037 140,016 32,153 30% 27,979 25%
Cable 209,746 216,481 219,617 9,872 5% 3,136 1%
Garbage/Solid Waste 47,232 35,638 116,166 68,934 146% 80,528 226%
City Utilities 569,559 544,633 597,445 27,887 5% 52,813 10%
YTD Total 2,740,096$ 2,762,754$ 2,897,682$ 157,586$ 6%134,928$ 5%
Annual Total 15,782,047$ 15,859,850$
YTD as % of 17% 17%
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 1,277,860$ 1,283,238$ 1,373,119$ 95,259$ 7% 89,881$ 7%
Feb 1,462,236 1,479,516 1,524,563 62,327 4% 45,048 3%
Mar 1,193,129 1,188,933
Apr 1,545,257 1,556,340
May 1,338,923 1,346,380
Jun 1,189,847 1,192,902
Jul 1,259,713 1,265,542
Aug 1,280,207 1,284,992
Sep 1,433,293 1,440,190
Oct 1,072,773 1,077,691
Nov 1,244,671 1,250,760
Dec 1,484,137 1,493,366
YTD Total 2,740,096$ 2,762,754$ 2,897,682$ 157,586$ 6% 134,928$ 5%
Annual Total 15,782,047$ 15,859,850$
2014 vs. Budget2014 vs . 2013
Year to Date through February
Utility Tax Revenues
Month
Page 3 of 36
Monthly Financial Report February 2014
Other Taxes
Real Estate Excise Tax
The City collected $448k in Real Estate
Excise Tax revenues (REET) for February.
This is $186k or 71% above the same
month last year and is also $218k or 95%
more than the current month’s budget.
The year‐to‐date collection is $611k,
which is $214k or 54% more than the
prior year and is also $276k or 82% above
the budget. The higher than expected
variance in February is a result of an audit
done by the Washington State
Department of Revenue ($135k) and 1
large transaction ($119k). The City is
projecting REET to meet the budget at
year‐end.
Gambling Tax
February’s Gambling Tax collections
totalled $133k, which is $59k or 81%
above the same month last year and is
also $44k or 49% above the current
month’s budget. The year‐to‐date total
of $265k is $58k or 28% above the year
before and is also $14k or 5% above
budget.
Pull tabs overall had no change, bingo
overall had no change, and card‐rooms
are seeing 37% higher in activities when
compared to the prior year. This is
primarily due to payment arrangements
being met for back taxes due in 2012 and
2013. $15k is due to back taxes collected. In addition, Feb. 2013 payments were not made and under collected by
approximately $50k.
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 is $8.7k or 3% higher than
the prior year and is also $21k or 7%
above the projected year‐to‐date budget.
The City is projecting Franchise Fees to
meet budget at year‐end.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 133,504$ 161,874$ 131,776$ (1,728)$ ‐1% (30,098)$ ‐19%
Feb 73,730 89,398 133,109 59,379 81% 43,711 49%
Mar 111,294 134,944 ‐
Apr 159,655 193,583 ‐
May 97,660 118,413 ‐
Jun 60,074 72,840 ‐
Jul 89,157 108,103 ‐
Aug 99,930 121,165 ‐
Sep 116,204 140,897 ‐
Oct 112,141 135,971 ‐
Nov 114,909 139,328 ‐
Dec 151,327 183,485 ‐
YTD Total 207,234$ 251,272$ 264,885$ 57,651$ 28% 13,613$ 5%
Annual Total 1,319,585$ 1,600,000$
2014 vs. 2013 2014 vs. Budget
Gambling Tax Revenue
Month
Year to Date through February
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 314,269$ 301,646$ ‐$ (314,269)$ ‐100% (301,646)$ ‐100%
Feb 200 192 323,121 322,921 161461% 322,929 168221%
Mar 892 857 ‐
Apr 311,986 299,455 ‐
Jul 315,694 303,014 ‐
Oct 321,202 308,300 ‐
Dec 48,484 46,536 ‐
YTD Total 314,469$ 301,838$ 323,121$ 8,652$ 3% 21,283$ 7%
Annual Total 1,312,727$ 1,260,000$
Month
2014 vs. 2013 2014 vs. Budget
Franchise Fees Revenue
Year to Date through February
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 134,099$ 104,923$ 162,143$ 28,044$ 21% 57,220$ 55%
Feb 262,229 230,081 448,452 186,223 71% 218,371 95%
Mar 228,077 156,682
Apr 197,659 135,785
May 285,948 196,437
Jun 347,890 238,990
Jul 263,807 181,227
Aug 294,056 202,007
Sep 254,318 174,709
Oct 272,776 187,389
Nov 342,535 235,311
Dec 1,248,272 856,457
YTD Total 396,328$ 335,005$ 610,596$ 214,268$ 54% 275,591$ 82%
Annual Total 4,131,665$ 2,900,000$
Month
2014 vs. Budget2014 vs. 2013
Real Estate Excise Tax Revenues
Year to Date through February
Page 4 of 36
Monthly Financial Report February 2014
Admission Tax
Admission Tax returns are due quarterly
in January, April, July, and October of
each year. January 2014 collections
represent activities conducted during the
4th quarter of 2013. The year‐to‐date
collection of $80k is $2.2k or 3% less than
the prior year but is $2.7k or 3% more
than the budget.
Licenses and Permits
Building Permits and Development
Service Fees
Building Permits and Development
Service Fee revenues totalled $412k in
February. The year‐to‐date development
fees revenue of $845k is $288k or 52%
more than the year before and is also
$328k or 63% higher than budget. The
higher than expected fees are due to
collecting more in general building
permits, electrical permits, and plan
check fees. The City is projecting Building
Permits and Development Service Fees to
meet the budget at year‐end.
Business Licenses
Business Licenses totalled $25k for February,
which is $16k or 38% below the same month
last year and is also $18k or 42% below the
current month’s budget. The year‐to‐date
Business Licenses revenue of $128k is $8k or
6% below the prior year and is also $16k or 11%
lower than the budget. The City is projecting
business licenses to be slightly under the
budget at year‐end.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 327,584$ 303,505$ 432,890$ 105,306$ 32% 129,385$ 43%
Feb 230,039 213,942 412,317 182,278 79% 198,375 93%
Mar 305,085 281,349
Apr 367,165 339,410
May 386,735 357,180
Jun 293,386 272,583
Jul 314,991 292,772
Aug 340,270 315,861
Sep 254,799 235,649
Oct 440,169 409,078
Nov 393,258 364,630
Dec 348,144 319,740
YTD Total 557,624$ 517,447$ 845,207$ 287,584$ 52% 327,760$ 63%
Annual Total 4,001,625$ 3,705,701$
Building Permits and Development Se rvice Fees
Year to Date through February
2014 vs. Budget2014 vs. 2013
Month
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 95,381$ 100,929$ 103,064$ 7,683$ 8% 2,135$ 2%
Feb 40,658 43,023 25,013 (15,645) ‐38% (18,010) ‐42%
Mar 12,441 13,165 ‐
Apr 102,648 108,618 ‐
May 33,354 35,295 ‐
Jun 5,701 6,032 ‐
Jul 52,586 55,644 ‐
Aug 29,210 30,909 ‐
Sep 4,236 4,482 ‐
Oct 109,998 116,396 ‐
Nov 13,342 14,118 ‐
Dec 4,211 4,456 ‐
YTD Total 136,039$ 143,952$ 128,077$ (7,963)$ ‐6% (15,875)$ ‐11%
Annual Total 503,766$ 533,067$
Business Licenses
Month
2014 vs. 2013
Year to Date through February
2014 vs. Budget
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 82,440$ 77,589$ 80,243$ (2,196)$ ‐3% 2,655$ 3%
Apr 70,311 66,173 ‐
Jul 87,473 82,326 ‐
Aug 76 72 ‐
Oct 85,616 80,578 ‐
Nov 1,192 1,122 ‐
Dec 149 140 ‐
YTD Total 82,440$ 77,589$ 80,243$ (2,196)$ ‐3% 2,655$ 3%
Annual Total 327,258$ 308,000$
Month
2014 vs. 2013 2014 vs. Budget
Admission Tax Revenue
Year to Date through February
Page 5 of 36
Monthly Financial Report February 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 54% of the
total revenues in this category.
The year‐to‐date total
Intergovernmental revenue is $1.7 million or 15% of the budget.
State Shared Revenues
State Shared Revenue collections
totalled $778k since the start of the
year. Compared to the prior year,
State Shared Revenues are above
by $114k or 17%. Compared to the
projected budget, the City is
collecting $73k or 10% more. The
higher than expected collection is
due to collecting more than
anticipated Criminal Justice Sales
Tax and the low budget of Criminal
Justice’s High Crime.
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 58% of the total revenue in this category. The year‐to‐date total charges for services are $1.2 million or 17% of
the budget. The following sections provide detail information for Public Safety, Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totalled $163k 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 $13k or 9% more. Compared to the
year‐to‐date budget, the City is $7k or 4% less.
The reason for the monthly variance with the
prior year and budget is due to the timing of
when Valley Narcotics Enforcement Team
(VNET) contributions/charges for services are
receipted. The City is projecting Public Safety
Services to be slightly under budget by year‐
end.
2013 2014 2014
Actual Budget Actual $ % $ %
Crim Just Sales Tax 370,353$ 354,206$ 397,797$ 27,444$ 7% 43,591$ 12%
Judicial Contribution 5,699 5,625 5,763 64 1% 138 2%
Crim Just ‐ High Crime 51,491 ‐ 63,559 12,068 23% 63,559 100%
Crim Just ‐ Pop 5,399 ‐ 5,947 547 10% 5,947 100%
Crim Just ‐ Spec Prog 20,228 21,589 22,008 1,780 9% 420 2%
State DUI 4,258 4,478 4,433 176 4% (44) ‐1%
Liquor Profits ‐ ‐ ‐ ‐ N/A ‐ N/A
Liquor Excise Tax ‐ 118,266 63,322 63,322 100% (54,945) ‐46%
Fuel Tax 206,685 200,555 215,089 8,404 4% 14,534 7%
YTD Total 664,113$ 704,718$ 777,918$ 113,805$ 17% 73,200$ 10%
Annual Total 4,701,889$ 4,515,500$
2014 vs. Budget
State Shared Revenues
2014 vs. 2013
Revenue
Year to Date through February
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 32,322$ 36,784$ 117,639$ 85,317$ 264% 80,855$ 220%
Feb 117,056 133,216 45,139 (71,918) ‐61% (88,077) ‐66%
Mar 37,079 42,198 ‐
Apr 64,009 72,845 ‐
May 47,985 54,610 ‐
Jun 36,945 42,045 ‐
Jul 69,340 78,913 ‐
Aug 42,753 48,655 ‐
Sep 48,986 55,748 ‐
Oct 81,116 92,314 ‐
Nov 49,703 56,565 ‐
Dec 53,287 60,643 ‐
YTD Total 149,378$ 170,000$ 162,778$ 13,400$ 9% (7,222)$ ‐4%
Annual Total 680,581$ 774,535$
Month
2014 vs. 2013
Year to Date through February
Public Safety Services
2014 vs. Budget
Intergovernmental 2013 2014 Bgt YTD Act Change 2014/2013 2014 Act vs Bgt
Fire District #25 ‐$ ‐$ ‐$ ‐$ N/A $ ‐ N/A
Fire District #40 161,972 151,469 151,469 (10,503) ‐6%‐ 0%
State Shared Revenue 664,113 704,718 777,918 113,805 17% 73,200 10%
Federal Grants 505,125 722,106 722,106 216,981 43%‐ 0%
State Grants 10,373 0 ‐ (10,373) 0%‐ 0%
Other Grants/Intgovt 11,079 62,541 62,541 51,462 464%‐ 0%
ARRA Grants 114,171 0 ‐ (114,171) 0%‐ 0%
Total Rev YTD 1,466,833$ 1,640,835$ 1,714,034$ 247,201$ 17%73,200$ 4%
Total Rev Annual 11,682,043$ 11,525,770$
YTD %13% 14% 15%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
Page 6 of 36
Monthly Financial Report February 2014
Recreation
Recreation revenues totalled $69k for the
current month. Compared to the same month
the prior year, the City collected $18k or 35%
more. Compared to the projected monthly
budget, the City collected $17k or 32% more.
The year‐to‐date collection of $138k is $27k or
24% higher than the year before and $24k or
21% higher than the year‐to‐date budget. The
City is projecting Recreation revenues to meet
the budget at year‐end.
Interfund Services
The year‐to‐date collections for Interfund
Services revenues are $559k. Compared to the
prior year, the City collected about the same
amount. Compared to the projected budget,
the revenues are above by $39k or 7%. The
majority of these revenues are related to
indirect cost allocations, which are internal
administrative costs. The remaining costs
consist of Development Services division’s
inspection fees, Parks Planning and Natural
Resources division’s capital investment
program reimbursements, Transportation
division’s capital investment program
reimbursements, and Maintenance division’s
street maintenance reimbursements.
Fines and Penalties
These revenue sources contain civil
(penalties, infractions, and parking), criminal
(traffic, non‐traffic, and costs), and non‐
court fines, forfeitures, and penalties. The
table on the next page breaks down these
fines by type. The year‐to‐date total fines
and penalties is $288k. This is $112k or 28%
lower than a year ago and is also $170k or
37% below the budget.
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 60,546$ 61,813$ 69,522$ 8,976$ 15% 7,708$ 12%
Feb 51,160 52,231 68,873 17,713 35% 16,642 32%
Mar 79,491 81,155 ‐
Apr 170,541 174,110 ‐
May 95,710 97,713 ‐
Jun 150,284 153,430 ‐
Jul 345,126 352,350 ‐
Aug 205,821 210,129 ‐
Sep 123,550 126,136 ‐
Oct 83,685 85,437 ‐
Nov 65,656 67,030 ‐
Dec 63,010 64,329 ‐
YTD Total 111,706$ 114,044$ 138,395$ 26,689$ 24% 24,351$ 21%
Annual Total 1,494,580$ 1,525,863$
Recreation
Year to Date through February
2014 vs. Budget2014 vs. 2013
Month
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 265,873$ 260,084$ 301,808$ 35,935$ 14% 41,725$ 16%
Feb 292,362 260,084 257,027 (35,335) ‐12% (3,057) ‐1%
Mar 317,998 260,084 ‐
Apr 288,610 260,084 ‐
May 299,652 260,084 ‐
Jun 287,569 260,084 ‐
Jul 282,466 260,084 ‐
Aug 352,945 260,084 ‐
Sep 274,525 260,084 ‐
Oct 352,421 260,084 ‐
Nov 286,300 260,084 ‐
Dec 164,190 260,084 ‐
YTD Total 558,235$ 520,167$ 558,835$ 600$ 0% 38,668$ 7%
Annual Total 3,464,913$ 3,121,003$
Interfund Services
Year to Date through February
2014 vs. 2013 2014 vs. Budget
Month
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 153,064$ 182,211$ 136,762$ (16,302)$ ‐11% (45,449)$ ‐25%
Feb 247,166 276,291 151,470 (95,696) ‐39% (124,821) ‐45%
Mar 275,222 299,857
Apr 318,235 358,653
May 278,783 312,127
Jun 269,334 298,626
Jul 236,571 264,585
Aug 171,565 185,555
Sep 154,604 164,171
Oct 191,919 209,869
Nov 189,412 205,702
Dec 280,787 300,853
YTD Total 400,231$ 458,502$ 288,232$ (111,998)$ ‐28% (170,270)$ ‐37%
Annual Total 2,766,663$ 3,058,500$
2014 vs. Budget2014 vs . 2013
Year to Date through February
Fines and Penalties by Month
Month
Page 7 of 36
Monthly Financial Report February 2014
Year to Date through February
2013 2014 2014
Actual Budget Actual $ % $ %
Civil Penalties 710$ 1,120$ 1,331$ 622$ 88% 212$ 19%
Civil Infraction Penalties 48,812 46,971 84,598 35,785 73% 37,627 80%
Civil Parking Infraction Penalties 16,876 16,788 31,388 14,512 86% 14,600 87%
Photo Enforcement Program 309,144 369,942 129,766 (179,377) ‐58% (240,176) ‐65%
Criminal Traffic Misdemeanor Fines 8,865 8,912 14,314 5,449 61% 5,402 61%
Criminal Non‐Traffic Fines 1,964 2,026 6,415 4,450 227% 4,389 217%
Criminal Costs 10,854 10,250 18,015 7,161 66% 7,765 76%
Non‐Court Fines, Forfeitures and Penalties 3,005 2,493 2,405 (601) ‐20% (89) ‐4%
YTD Total 400,231$ 458,502$ 288,232$ (111,998)$ ‐28% (170,270)$ ‐37%
Annual Total 2,766,663$ 3,058,500$
Revenue
2014 vs. Budget
Fines and Penalties by Type
2014 vs. 2013
Included in the Fines and Penalties revenue budget is
$2 million from the Photo Enforcement program. The
monthly budget is based on the prior year’s revenue.
The year‐to‐date collections from this program
equates to $130k. The budget shortfall is due to
temporary shutting down 4 intersection cameras in
construction areas and lower activity (driver
behaviour changes).
The associated costs includes the equipment
provided by American Traffic Solutions, Inc. (ATS),
dedicated 2 FTEs in the Court Services Department to
process the increased caseload and 1.1 FTEs in the
Police Department for support services. This staff
time, along with a 90% pro tem budget and
interpreter costs amounts to $362k for personnel
costs. The total costs for the program equates to
$842k which is represented in the table.
Miscellaneous
This revenue source reflects the collection of
interest and other earnings, rents, leases, and
concessions, contributions, and donations
from private sources, and other
miscellaneous revenues. Interest and other
earnings along with rents, leases, and
concessions constitute 63% of the total
revenue in this category. The year‐to‐date
total miscellaneous is $344k. Compared to
last year, the revenues are above by $87k or
34%. Compared to the projected year‐to‐date
budget, the revenues are over by $105k or
44%. The table on the following page breaks
out miscellaneous revenues by type.
Favorable
Budget Actual Budget Actual (Unfavorable)
1
Jan 180,050$ 61,721$ 72,528$ 30,160$ 31,561$
Feb 189,893 68,045 72,160 51,174 16,871
Mar 183,042 ‐ 72,241 ‐ ‐
Apr 260,782 ‐ 72,245 ‐ ‐
May 216,619 ‐ 72,454 ‐ ‐
Jun 193,536 ‐ 67,845 ‐ ‐
Jul 181,664 ‐ 67,697 ‐ ‐
Aug 96,848 ‐ 67,634 ‐ ‐
Sep 70,216 ‐ 67,135 ‐ ‐
Oct 120,576 ‐ 61,374 ‐ ‐
Nov 112,907 ‐ 61,633 ‐ ‐
Dec 143,868 ‐ 87,018 ‐ ‐
YTD Total 369,942$ 129,766$ 144,688$ 81,334$ 48,432$
Annual Total 1,950,000$ 841,964$
1 Actuals of Revenues and Expenses
Revenues Expenses
Photo Enforcement Program
Year to Date through February
Month
2013 2014 2014
Actual Budget Actual $ % $ %
Jan 179,743$ 180,621$ 243,963$ 64,220$ 36% 63,342$ 35%
Feb 76,397 58,130 99,547 23,149 30% 41,416 71%
Mar 147,909 168,170
Apr 92,872 95,841
May 118,719 188,682
Jun 123,441 138,888
Jul 128,246 128,392
Aug 122,652 113,119
Sep 92,799 90,187
Oct 82,288 78,167
Nov 63,945 78,962
Dec 399,005 660,298
YTD Total 256,140$ 238,751$ 343,510$ 87,369$ 34% 104,758$ 44%
Annual Total 1,628,017$ 1,979,457$
Year to Date through February
Mo nth
2014 vs. Budget2014 vs. 2013
Miscellaneous Revenues by Month
Page 8 of 36
Monthly Financial Report February 2014
2013 2014 2014
Actual Budget Actual $ % $ %
Interests and Other Earnings 10,244$ 18,023$ 19,330$ 9,086$ 89% 1,307$ 7%
Rents, Leases, and Concessions 196,155 207,086 197,760 1,605 1% (9,327) ‐5%
Contributions/Donations from Private Sources 1,553 1,603 6,709 5,156 332% 5,107 319%
Other 54,188 33,449 117,863 63,675 118% 84,413 252%
Seizure Funds ‐ Federal/State/Local1 (6,000) (21,410) 1,848 7,848 ‐131% 23,258 ‐109%
YTD Total 256,140$ 238,751$ 343,510$ 87,369$ 34% 104,758$ 44%
Annual Total 1,628,017$ 1,979,457$
1Seizure Funds are categorized in Miscellaneous for 2013 and on.
2014 vs. Budget
Miscellaneous Revenues by Type
Year to Date through February
Revenue
2014 vs. 2013
Other miscellaneous revenues are higher than the prior year and budget due to higher than expected utility late payment
penalties and miscellaneous reimbursements for Fire.
EXPENSES
Overall the City has expended 15% of its budgeted general governmental expenditures at the end of February. This is
$126k or 0.8% below year‐to‐date budgeted expenditures. See below for summary of unfavorable items for general
governmental departments.
Council department is over the year‐to‐date budget by $7.5k or 15.4%. This is due to an annual membership payment
made to National League Online. The budget for this is included in the upcoming Carry Forward amendment.
City Attorney department is over the year‐to‐date budget by $12k or 4.7%. This is due to an interfund transfer contribution
($160k) done in the prior year that would skew the year‐to‐date budget. Overall City Attorney budget will correct itself
later on in the year.
Court Services department is over the year‐to‐date budget by $5.3k or 1.7%. This is mainly due to overspending on the
year‐to‐date salaries and benefits budget and professional services. We will monitor these items to determine if a budget
adjustment is needed.
Administrative Services department is over the year‐to‐date by $77k or 17.6%. This is mainly due to the timing of payments
related to Springbrook merchant account fees and elections costs compared to the prior year. We will monitor this item to
determine if a budget adjustment is needed.
Police department is over the year‐to‐date by $141k or 3.4%. This is mainly due to overspending on salaries and benefits
($209k), supplies ($10k), and intergovernmental ($6k) and under spending on services ($103k). The salaries and benefits
variance is due to retro payments (contract settlement) and the budget will be adjusted in April with the 2014 Carry
Forward Budget Adjustment.
Page 9 of 36
Monthly Financial Report February 2014
ENTERPRISE FUNDS
The table below gives an analysis of all City Enterprise funds. Displayed are the year‐to‐date revenues and expenditures for
each enterprise. Included in each fund are the capital revenues and expenditures.
Airport Golf Course Solid Waste
Utility Water Utility Wastewater
Utility
Surface
Water
Utility
Metro
REVENUES:
Licenses and permits ‐ ‐ ‐ ‐ 13,260 10,575 ‐
Grants / intergovernmental 216,193 ‐ 33,850 ‐ ‐ 359,247 ‐
Charges for services 24,108 120,622 3,008,081 2,414,784 1,586,831 1,630,968 2,571,634
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 2,132 ‐ ‐ ‐ 95 ‐ ‐
Rents, leases, and misc fees 396,359 28,356 6,413 21,635 ‐ ‐ ‐
Interest and other misc 964 231 1,079 36,123 162,596 80,834 1,238
TOTAL REVENUES 639,756 149,209 3,049,423 2,472,542 1,762,782 2,081,624 2,572,872
EXPENSES:
Utility billing ‐ ‐ 20,338 20,197 14,725 23,837 ‐
Utility systems ‐ ‐ 1,925,053 876,778 463,175 490,299 ‐
Utility maintenance ‐ ‐ 40,758 725,034 202,923 338,030 2,435,875
Transportation 254,971 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 273,636 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 254,971 273,636 1,986,149 1,622,009 680,823 852,166 2,435,875
AMOUNT AVAILABLE FOR DEBT SERVICE 384,785 (124,427) 1,063,275 850,533 1,081,959 1,229,458 136,997
DEBT SERVICE:
Principal ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest ‐ 1,625 ‐ ‐ ‐ ‐ ‐
TOTAL DEBT SERVICE ‐ 1,625 ‐ ‐ ‐ ‐ ‐
CAPITAL PROJECTS 217,661 12,153 ‐ 63,351 121,161 568,227 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 167,124 (138,205) 1,063,275 787,182 960,798 661,231 136,997
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, Feb 28 1,836,688 180,956 2,408,158 13,138,134 6,489,164 8,171,516 2,740,559
Page 10 of 36
Monthly Financial Report February 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 ‐ 26,543 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ ‐ ‐ ‐ ‐ ‐ ‐
Charges for services
Equipment rental m&o 454,206 502,809 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 18,739 ‐ 67,284 ‐ ‐ ‐
Communications ‐ 1,545 ‐ 90,360 ‐ ‐ ‐
Facilities ‐ ‐ 709,269 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 23,409 ‐ ‐ ‐ ‐ ‐
IT service co ntracts ‐ 73,096 ‐ ‐ ‐ ‐ ‐
Interest and other misc 1,887 1,029 598 175 3,339 3,024 3,359
Internal service fund misc:
Vehicle / equipment capital recovery 253,589 22,491 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 271,880 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 257,023 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 1,899,783 284,578
Other misc ‐ 2 969 ‐ ‐ 45,903 ‐
Interfund Loan ‐ ‐ ‐ ‐ ‐ ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets ‐ ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 32,603 ‐ ‐
TOTAL REVENUES 709,682 669,663 710,836 157,819 564,845 1,948,710 287,937
EXPENSES:
Communications 83,690
Equipment rental 298,243
Facilities 521,578
Healthcare 2,424,324
Information technology 575,893
Print and mail 39,762
Retiree healthcare 158,662
Risk management
Risk ma nagement 917,322
Unemployment 17,009
Worker's compensation 265,013
TOTAL EXPENSES 298,243 575,893 521,578 123,452 1,199,344 2,424,324 158,662
AMOUNT AVAILABLE FOR CAPITAL 411,439 93,770 189,258 34,367 (634,499) (475,614) 129,275
CAPITAL PROJECTS 249,321 46,143 16,141 ‐ ‐ ‐ ‐
TRANSFERS IN ‐ ‐ ‐ ‐ ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 162,118 47,627 173,117 34,367 (634,499) (475,614) 129,275
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, Feb 28 4,097,206 2,264,239 1,340,831 382,138 6,995,578 6,458,690 7,336,978
Page 11 of 36
Monthly Financial Report February 2014
FUND BALANCE
Page 13 shows the ending fund balance as of February 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 February, the City has $14.1 million reported in the combined general governmental fund balance of the
current year’s operating budget, which is approximately 13% of budgeted operating expenditures. This is a decrease of
$3.4 million from the year’s beginning balance. February’s ending fund balance is over the anticipated General
Governmental Fund Balance of $6.6 million by $7.5 million or 115.1%. Although the ending fund balance is above
projections, it is consistent with the prior years’ trends since the City will receipt the first half of 2014 property taxes in
April/May and second half in October/November.
CONTACT INFORMATION
This report is prepared by the Finance Division of the Administrative Services Department. For additional financial
information, please also review our website: http://www.rentonwa.gov/. For any questions about the report, please feel
free to contact us at hnguyen@rentonwa.gov or JDThomas@Rentonwa.gov.
Page 12 of 36
Monthly Financial Report February 2014
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through February 28, 2014
Funds
Balance
01/01/2014
Budgeted
Revenue
Revenue
02/28/14
Total Funds
Available
Budgeted
Expenditure
Expenditure
02/28/14
Ending
Balance
GENERAL GOVERNMENT FUNDS:17,454,261 106,735,133 12,530,792 29,985,053 105,072,444 15,890,655 14,094,399
000 General 12,515,053 77,980,004 9,180,323 21,695,376 76,066,698 12,754,670 8,940,706
001 Community Services 2,124,598 11,288,725 1,395,206 3,519,804 11,224,073 1,461,796 2,058,008
003 Street 1,667,393 8,532,875 949,746 2,617,139 8,820,818 1,290,611 1,326,527
004 Community Dev Block Grant (229,834) 296,985 304,848 75,014 296,985 34,778 40,236
005 Museum 52,979 211,281 20 52,999 218,308 33,387 19,612
009 Farmers Market 98,826 59,400 2,875 101,701 79,699 9,426 92,275
011 Fire Health & Wellness 55,094 25,000 4,165 59,259 25,000 2,671 56,589
031 Park Memorial 478 ‐ ‐ 478 ‐ 478 ‐
201 Ltd GO Bonds Gen Govt Debt 833,717 1,749,705 386 834,103 1,749,705 ‐ 834,103
215 Gen Govt Misc Debt Service 335,957 6,591,158 693,224 1,029,181 6,591,158 302,837 726,344
SPECIAL REVENUE FUNDS:
102 Arterial Street 192,689 633,000 101,319 294,008 640,000 ‐ 294,008
108 Leased City Properties 549,887 813,071 60,791 610,678 768,355 63,303 547,375
110 Hotel Motel 185,606 265,000 30,267 215,873 265,000 3,834 212,039
125 1% For Art 97,771 15,000 45 97,816 50,000 5,415 92,401
127 Cable Communication 284,632 85,674 52,421 337,053 85,674 3,599 333,454
135 Springbrook Wetlands Bank 667,613 ‐ 310 667,923 ‐ ‐ 667,923
CAPITAL PROJECT FUNDS (CIP):
303 Community Dev Mitigation 934,618 60,000 18,388 953,006 ‐ ‐ 953,006
304 Fire Mitigation 646,165 50,000 18,035 664,200 ‐ ‐ 664,200
305 Transportation Mitigation 486,185 40,000 32,494 518,679 105,000 ‐ 518,679
316 Municipal Facilities CIP 5,083,524 1,380,000 302,059 5,385,583 1,380,000 759,584 4,625,999
317 Transportation CIP 2,687,303 6,345,230 558,667 3,245,970 6,344,820 2,971,664 274,306
318 So Lake WA Infrastructure Proj 9,012 ‐ 4 9,016 ‐ ‐ 9,016
326 Housing Opportunity 84,599 ‐ 39 84,638 ‐ ‐ 84,638
336 New Library Development 19,571,748 ‐ 9,135 19,580,883 ‐ 153,666 19,427,217
ENTERPRISE FUNDS:
402 Ai rport 191,466 1,431,610 422,749 614,215 1,460,825 239,530 374,685
403 Solid Waste Utility 1,344,883 16,419,820 3,049,423 4,394,306 16,503,624 1,986,149 2,408,157
404 Golf Course 33,445 2,487,449 149,076 182,521 2,511,090 283,591 (101,070)
422 Airport Capital 1,478,098 1,757,517 217,008 1,695,106 1,754,739 233,102 1,462,004
424 Golf Course Capital 285,716 50,000 8,463 294,179 50,000 12,153 282,026
INTERNAL SERVICE FUNDS:
501 Equipment R epair/Replacement 3,935,088 4,347,461 709,682 4,644,770 3,604,564 547,564 4,097,206
502 Insurance 7,630,077 4,344,062 564,845 8,194,922 3,185,695 1,199,344 6,995,578
503 Information Services 2,216,612 4,010,222 669,663 2,886,275 3,985,711 622,036 2,264,239
504 Facilities 1,167,714 4,092,976 710,836 1,878,550 4,087,028 537,719 1,340,831
505 Communications 347,771 896,374 157,819 505,590 909,987 123,452 382,138
512 Insurance, Healthcare 6,934,304 11,622,068 1,948,711 8,883,015 12,059,944 2,424,324 6,458,691
522 Insurance, Le o ff1 Retirees HC 7,207,703 1,735,684 287,937 7,495,640 1,737,885 158,662 7,336,978
FIDUCIARY FUNDS:
611 Firemen's Pension 4,790,247 300,000 1,227 4,791,474 225,475 31,038 4,760,436
Funds
Balance
01/01/2014
Budgeted
Revenue
Revenue
02/28/14
Total Funds
Available
Budgeted
Expenditure
Expenditure
02/28/14
Ending
Balance
ENTERPRISE FUNDS: COMBINED UTILITIES 27,993,165 56,834,449 8,889,819 36,882,984 54,106,043 6,343,611 30,539,373
405 Water Utility 8,523,106 13,765,149 2,452,020 10,975,126 10,990,310 1,265,011 9,710,115
406 Waste Water Utility 2,578,193 7,263,934 1,603,312 4,181,505 5,358,324 678,477 3,503,028
407 Surface Water Utility 4,342,360 4,863,612 1,643,662 5,986,022 6,696,073 752,457 5,233,565
416 King County Metro 2,603,562 15,202,336 2,572,872 5,176,434 15,202,336 2,435,875 2,740,559
425 Water Utility Construction 3,811,904 4,385,000 20,514 3,832,418 4,385,000 420,349 3,412,069
426 Waste Water Construction 2,950,173 3,300,000 159,470 3,109,643 3,250,000 123,507 2,986,136
427 Surface Water Construction 3,167,925 8,054,418 437,962 3,605,887 8,224,000 667,935 2,937,952
471 Waterworks Rate Stabilization 15,942 ‐ 7 15,949 ‐ ‐ 15,949
Note: Waterworks Utility Funds are managed as a system and are designated by the dotted lines.
Page 13 of 36
City of Renton
General Government Financial Position
2014 Budget Year
General Government Summary
Revenues Expenditures
$ Difference
over (under)
w/beginning
balance
17,454,261
January 5,710,991 8,047,088 (2,336,097) 15,118,164
February 12,530,792 15,890,655 (3,359,862) 14,094,399
March
April
May
June
July
August
September
October
November
December
(3,000,000)
(2,000,000)
(1,000,000)
‐
70,000,000
80,000,000
90,000,000
100,000,000
110,000,000
Change in Fund
Balance
Rev/Exp Revenues
Expenditures
Change in Fund Balance
(9,000,000)
(8,000,000)
(7,000,000)
(6,000,000)
(5,000,000)
(4,000,000)
‐
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Page 14 of 36
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 5,758,812 5,710,991 ‐0.83%
Feb 11,817,849 12,530,792 6.03%
Mar 17,440,447
Apr 33,992,387
May 48,437,745
Jun 53,438,384
Jul 59,813,370
Aug 64,991,592
Sep 70,455,440
Oct 86,069,251
Nov 99,462,293
Dec 106,735,133
Percent of budget 11.74%
YTD Annual %
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
Millions
Total Revenue
General Government
Budget
Actual
Last Year
$36
Millions Property Tax
Property Tax Budget Actual over (under)
Jan 114,344 (101,807) ‐189.04%
Feb 265,395 74,744 ‐71.84%
Mar 1,157,646
Apr 11,357,291
May 18,150,509
Jun 18,239,862
Jul 18,477,511
Aug 18,504,338
Sep 18,994,621
Oct 28,349,026
Nov 34,820,211
Dec 35,240,495
Percent of budget 0.21%
$(3)
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
$36
Budget
Actual
Last Year
Page 15 of 36
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Sales Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,784,807 1,796,358 0.65%
Feb 4,046,270 4,122,324 1.88%
Mar 5,737,924
Apr 7,451,866
May 9,404,559
Jun 11,158,721
Jul 12,939,280
Aug 14,860,235
Sep 16,684,945
Oct 18,610,128
Nov 20,547,154
Dec 22,432,262
Percent of budget 18.38%
Note: Excludes CJ Sales Tax and Natural Gas Use Tax.
YTD Annual %
$‐
$3
$6
$9
$12
$15
$18
$21
$24
Millions Sales Tax
Budget
Actual
Last Year
$16
Millions Utility Tax
Utility Tax Budget Actual over (under)
Jan 1,283,238 1,373,119 7.00%
Feb 2,762,754 2,897,682 4.88%
Mar 3,951,687
Apr 5,508,027
May 6,854,407
Jun 8,047,309
Jul 9,312,851
Aug 10,597,842
Sep 12,038,033
Oct 13,115,724
Nov 14,366,484
Dec 15,859,850
Percent of budget 18.27%
Note: Includes Natural Gas Use Tax.
$‐
$2
$4
$6
$8
$10
$12
$14
$16
Budget
Actual
Last Year
Page 16 of 36
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Licenses &
Permits Budget
YTD
Actual
Annual %
over (under)
Jan 317,258 404,067 27.36%
Feb 532,125 718,566 35.04%
Mar 721,978
Apr 1,057,455
May 1,322,182
Jun 1,537,319
Jul 1,821,713
Aug 2,089,562
Sep 2,255,810
Oct 2,683,251
Nov 2,956,199
Dec 3,129,504
Percent of budget 22.96%
Note: Franchise Fees
YTD Annual % Millions
Intergovernmental
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions Licenses & Permits
Budget
Actual
Last Year
Intergovt'l Budget Actual over (under)
Jan 808,499 846,109 4.65%
Feb 1,640,835 1,714,034 4.46%
Mar 2,051,317
Apr 2,995,034
May 5,503,282
Jun 5,949,303
Jul 6,697,512
Aug 7,155,049
Sep 7,619,216
Oct 8,663,567
Nov 10,995,597
Dec 11,525,770
Percent of budget 14.87%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
$10
$11
$12
Millions
Budget
Actual
Last Year
Page 17 of 36
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Charges for
Services Budget
YTD
Actual
Annual %
over (under)
Jan 472,554 669,010 41.57%
Feb 1,014,284 1,198,034 18.12%
Mar 1,533,730
Apr 2,186,446
May 2,764,156
Jun 3,327,941
Jul 4,129,243
Aug 4,755,721
Sep 5,298,050
Oct 5,868,205
Nov 6,382,725
Dec 6,946,295
Percent of budget 17.25%
Note: Excludes FD25 & FD40 contracts
Fines & YTD Annual %
$‐
$1
$2
$3
$4
$5
$6
$7
$8
Millions Charges for Services
Budget
Actual
Last Year
Millions Fines & Forfeits
Forfeits Budget Actual over (under)
Jan 182,211 136,762 ‐24.94%
Feb 458,502 288,232 ‐37.14%
Mar 758,359
Apr 1,117,012
May 1,429,139
Jun 1,727,765
Jul 1,992,350
Aug 2,177,905
Sep 2,342,076
Oct 2,551,945
Nov 2,757,647
Dec 3,058,500
Percent of budget 9.42%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Budget
Actual
Last Year
Page 18 of 36
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Other Taxes Budget
YTD
Actual
Annual %
over (under)
Jan 615,280 343,410 ‐44.19%
Feb 858,933 1,173,666 36.64%
Mar 1,120,884
Apr 1,816,494
May 2,318,066
Jun 2,619,831
Jul 3,484,186
Aug 3,779,097
Sep 4,060,659
Oct 4,987,208
Nov 5,317,117
Dec 6,563,000
Percent of budget 17.88%
YTD Annual % Millions Miscellaneous
$‐
$1
$2
$3
$4
$5
$6
$7
$8
Millions Other Taxes
Budget
Actual
Last Year
Misc Budget Actual over (under)
Jan 180,621 243,963 35.07%
Feb 238,751 343,510 43.88%
Mar 406,921
Apr 502,763
May 691,444
Jun 830,333
Jul 958,724
Aug 1,071,843
Sep 1,162,030
Oct 1,240,197
Nov 1,319,159
Dec 1,979,457
Percent of budget 17.35%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00 Budget
Actual
Last Year
Page 19 of 36
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
Other
Financing Budget
YTD
Actual
Annual %
over (under)
Jan ‐ ‐ N/A
Feb ‐ ‐ N/A
Mar ‐
Apr ‐
May ‐
Jun ‐
Jul ‐
Aug ‐
Sep ‐
Oct ‐
Nov ‐
Dec ‐
Percent of budget N/A
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Other Financing Sources
Budget
Actual
Last Year
Page 20 of 36
City of Renton
Monthly Revenue Analysis ‐ 2014 Budget Year
REET Budget
YTD
Actual
Annual %
over (under)
Jan 94,134 162,143 72.25%
Feb 278,168 610,596 119.51%
Mar 438,277
Apr 577,013
May 777,722
Jun 1,021,902
Jul 1,207,067
Aug 1,413,460
Sep 1,591,955
Oct 1,783,413
Nov 2,023,852
Dec 2,900,000
Percent of budget 21.06%
Bldg Permits &
Devlpmt Svc YTD Annual %
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
Millions
Real Estate Excise Tax
Budget
Actual
Last Year
Millions Building Permits and Development Service
Fees Budget Actual over (under)
Jan 303,505 432,890 42.63%
Feb 517,447 845,207 63.34%
Mar 798,796
Apr 1,138,207
May 1,495,387
Jun 1,767,970
Jul 2,060,742
Aug 2,376,603
Sep 2,612,252
Oct 3,021,330
Nov 3,385,961
Dec 3,705,701
Percent of budget 22.81%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
Millions Fees
Budget
Actual
Last Year
Page 21 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 7,493,149 8,047,088 7.39%
Feb 16,016,788 15,890,655 ‐0.79%
Mar 25,772,059
Apr 34,477,520
May 43,323,981
Jun 51,703,014
Jul 60,864,634
Aug 69,612,016
Sep 78,382,277
Oct 86,811,548
Nov 95,433,862
Dec 105,072,444
Percent of budget expended 15.12%
YTD Annual %
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
Millions
Total Expenditures
General Government
Budget
Actual
Last Year
$300 000
Legislative
Legislative Budget Actual over (under)
Jan 23,600 23,569 ‐0.13%
Feb 48,503 55,960 15.37%
Mar 73,699
Apr 98,693
May 123,150
Jun 147,659
Jul 172,257
Aug 196,241
Sep 220,634
Oct 245,277
Nov 269,840
Dec 295,947
Percent of budget expended 18.91%
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Budget
Actual
Last Year
Page 22 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Executive Budget
YTD
Actual
Annual %
over (under)
Jan 79,778 76,257 ‐4.41%
Feb 195,660 186,396 ‐4.73%
Mar 314,202
Apr 436,250
May 553,191
Jun 656,617
Jul 770,042
Aug 884,797
Sep 989,853
Oct 1,101,700
Nov 1,212,767
Dec 1,349,262
Percent of budget expended 13.81%
YTD Annual %
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
Millions Executive
Budget
Actual
Last Year
$2 00
Millions City Attorney
City Attorney Budget Actual over (under)
Jan 130,608 135,206 3.52%
Feb 263,897 276,371 4.73%
Mar 397,056
Apr 538,183
May 667,679
Jun 805,013
Jul 935,343
Aug 1,068,299
Sep 1,207,902
Oct 1,353,064
Nov 1,484,680
Dec 1,700,639
Percent of budget expended 16.25%
$‐
$0.40
$0.80
$1.20
$1.60
$2.00 Budget
Actual
Last Year
Page 23 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Court Services Budget
YTD
Actual
Annual %
over (under)
Jan 157,338 159,512 1.38%
Feb 317,867 323,167 1.67%
Mar 479,793
Apr 649,498
May 815,721
Jun 997,310
Jul 1,166,280
Aug 1,329,864
Sep 1,492,494
Oct 1,656,756
Nov 1,820,956
Dec 2,009,688
Percent of budget expended 16.08%
YTD Annual %
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
$2.20
Millions Court Services
Budget
Actual
Last Year
Millions
Community & Economic
Dl Ad iCED Admin Budget Actual over (under)
Jan 83,562 83,232 ‐0.39%
Feb 167,265 166,457 ‐0.48%
Mar 251,248
Apr 337,835
May 419,824
Jun 502,350
Jul 584,984
Aug 667,510
Sep 750,213
Oct 832,697
Nov 914,978
Dec 1,008,700
Percent of budget expended 16.50%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions Development Admin
Budget
Actual
Last Year
Page 24 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Development
Services Budget
YTD
Actual
Annual %
over (under)
Jan 217,541 216,780 ‐0.35%
Feb 421,988 437,105 3.58%
Mar 630,714
Apr 858,769
May 1,074,649
Jun 1,298,823
Jul 1,527,227
Aug 1,771,154
Sep 1,996,938
Oct 2,235,337
Nov 2,464,233
Dec 2,698,044
Percent of budget expended 16.20%
Economic YTD Annual %
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions
Development Services
Budget
Actual
Last Year
Millions
Economic Development
Development Budget Actual over (under)
Jan 68,812 36,443 ‐47.04%
Feb 105,130 80,671 ‐23.27%
Mar 144,914
Apr 187,864
May 227,256
Jun 271,254
Jul 317,530
Aug 367,878
Sep 412,847
Oct 457,115
Nov 506,248
Dec 559,126
Percent of budget expended 14.43%
$‐
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
Millions
Budget
Actual
Last Year
Page 25 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Planning Budget
YTD
Actual
Annual %
over (under)
Jan 173,384 123,910 ‐28.53%
Feb 357,979 264,152 ‐26.21%
Mar 539,305
Apr 721,403
May 903,650
Jun 1,087,086
Jul 1,271,139
Aug 1,473,167
Sep 1,670,789
Oct 1,843,297
Nov 2,022,929
Dec 2,217,824
Percent of budget expended 11.91%
YTD Annual % $2 40
Millions Finance
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
Millions
Planning
Budget
Actual
Last Year
Finance Budget Actual over (under)
Jan 152,534 161,643 5.97%
Feb 307,128 331,528 7.94%
Mar 470,299
Apr 641,981
May 818,302
Jun 998,322
Jul 1,182,829
Aug 1,370,261
Sep 1,534,243
Oct 1,687,767
Nov 1,837,345
Dec 2,315,570
Percent of budget expended 14.32%
$‐
$0.40
$0.80
$1.20
$1.60
$2.00
$2.40 Budget
Actual
Last Year
Page 26 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
City Clerk Budget
YTD
Actual
Annual %
over (under)
Jan 62,922 62,855 ‐0.11%
Feb 130,652 183,252 40.26%
Mar 213,249
Apr 287,836
May 489,593
Jun 553,554
Jul 733,334
Aug 813,979
Sep 885,865
Oct 956,762
Nov 1,028,890
Dec 1,106,909
Percent of budget expended 16.56%
Includes Hearing Examiner
Human YTD Annual % $1 00
Millions Human Resources
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions City Clerk
Budget
Actual
Last Year
Resources Budget Actual over (under)
Jan 72,210 63,751 ‐11.71%
Feb 151,673 131,247 ‐13.47%
Mar 237,798
Apr 318,066
May 394,766
Jun 486,193
Jul 568,667
Aug 653,735
Sep 734,745
Oct 816,748
Nov 900,856
Dec 996,150
Percent of budget expended 13.18%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
Budget
Actual
Last Year
Page 27 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Police Budget
YTD
Actual
Annual %
over (under)
Jan 2,401,322 2,620,270 9.12%
Feb 4,794,609 4,935,606 2.94%
Mar 7,353,151
Apr 9,888,590
May 12,497,000
Jun 14,865,091
Jul 17,521,427
Aug 19,815,207
Sep 22,443,271
Oct 24,748,356
Nov 27,324,960
Dec 29,884,645
Percent of budget expended 16.52%
Fire &
Emergency YTD Annual %
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
Millions Police
Budget
Actual
Last Year
$27
Millions Fire & Emergency Services
Services Budget Actual over (under)
Jan 2,032,671 2,561,083 26.00%
Feb 4,825,761 4,745,812 ‐1.66%
Mar 6,823,386
Apr 8,816,124
May 10,978,696
Jun 12,955,980
Jul 14,939,367
Aug 16,954,511
Sep 18,951,590
Oct 20,976,654
Nov 23,030,284
Dec 25,106,874
Percent of budget expended 18.90%
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
Budget
Actual
Last Year
Page 28 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Community
Services Admin Budget
YTD
Actual
Annual %
over (under)
Jan 40,991 36,113 ‐11.90%
Feb 79,805 75,787 ‐5.03%
Mar 118,717
Apr 158,710
May 198,306
Jun 237,639
Jul 276,769
Aug 315,575
Sep 353,934
Oct 392,099
Nov 432,386
Dec 477,630
Percent of budget expended 15.87%
YTD Annual % $4 50
Millions Parks
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
Community Services Admin
Budget
Actual
Last Year
Parks Budget Actual over (under)
Jan 283,373 271,473 ‐4.20%
Feb 580,106 555,521 ‐4.24%
Mar 891,933
Apr 1,234,823
May 1,564,643
Jun 1,918,574
Jul 2,294,456
Aug 2,692,594
Sep 3,086,642
Oct 3,465,100
Nov 3,818,884
Dec 4,179,513
Percent of budget expended 13.29%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50 Budget
Actual
Last Year
Page 29 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Parks Planning
and Natural
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 38,340 43,855 14.38%
Feb 78,685 90,409 14.90%
Mar 129,973
Apr 178,519
May 235,072
Jun 285,622
Jul 336,438
Aug 386,013
Sep 439,420
Oct 495,488
Nov 546,802
Dec 685,661
Percent of budget expended 13.19%
YTD Annual %
$‐
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
Parks Planning and Natural Resources
Budget
Actual
Last Year
$6
Millions Recreation
Recreation Budget Actual over (under)
Jan 314,542 278,944 ‐11.32%
Feb 670,828 603,208 ‐10.08%
Mar 1,031,723
Apr 1,416,138
May 1,776,650
Jun 2,168,143
Jul 2,783,938
Aug 3,446,993
Sep 3,943,611
Oct 4,304,371
Nov 4,657,750
Dec 5,063,974
Percent of budget expended 11.91%
$‐
$1
$2
$3
$4
$5
$6
Budget
Actual
Last Year
Page 30 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Human
Services Budget
YTD
Actual
Annual %
over (under)
Jan 51,586 47,594 ‐7.74%
Feb 127,385 143,610 12.74%
Mar 238,323
Apr 369,323
May 447,896
Jun 513,447
Jul 645,557
Aug 711,028
Sep 761,451
Oct 902,012
Nov 975,676
Dec 1,160,116
Percent of budget expended 12.38%
Neighborhoods
, Resources, YTD Annual %
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
Millions Human Services
Budget
Actual
Last Year
$900 000
Neighborhoods, Resources, and Events
and Events Budget Actual over (under)
Jan 62,828 57,193 ‐8.97%
Feb 120,749 146,776 21.55%
Mar 192,586
Apr 256,511
May 319,217
Jun 399,294
Jul 498,209
Aug 577,803
Sep 651,443
Oct 718,836
Nov 815,013
Dec 896,992
Percent of budget expended 16.36%
$‐
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
Budget
Actual
Last Year
Page 31 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Museum Fund Budget
YTD
Actual
Annual %
over (under)
Jan 17,765 16,819 ‐5.33%
Feb 35,760 33,387 ‐6.64%
Mar 53,774
Apr 72,573
May 90,724
Jun 109,066
Jul 127,058
Aug 145,320
Sep 163,690
Oct 182,018
Nov 200,448
Dec 218,308
Percent of budget expended 15.29%
Public Works YTD Annual % $500 000
Public Works Admin
$‐
$30,000
$60,000
$90,000
$120,000
$150,000
$180,000
$210,000
$240,000
Museum Fund
Budget
Actual
Last Year
Admin Budget Actual over (under)
Jan 43,851 31,793 ‐27.50%
Feb 87,527 63,574 ‐27.37%
Mar 131,292
Apr 177,010
May 219,556
Jun 260,323
Jul 299,379
Aug 338,954
Sep 378,070
Oct 415,960
Nov 453,791
Dec 492,345
Percent of budget expended 12.91%
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
Budget
Actual
Last Year
Page 32 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Street
Maintenance Budget
YTD
Actual
Annual %
over (under)
Jan 343,343 311,026 ‐9.41%
Feb 733,256 658,352 ‐10.22%
Mar 1,093,100
Apr 1,466,103
May 1,824,610
Jun 2,207,061
Jul 2,567,145
Aug 2,916,086
Sep 3,276,933
Oct 3,641,917
Nov 4,007,746
Dec 4,418,539
Percent of budget expended 14.90%
YTD Annual %
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
Millions Street Maintenance
Budget
Actual
Last Year
$5 0
Millions Transportation
Transportation Budget Actual over (under)
Jan 290,664 278,181 ‐4.29%
Feb 644,525 632,259 ‐1.90%
Mar 1,004,897
Apr 1,424,149
May 1,755,620
Jun 2,064,742
Jul 2,445,764
Aug 2,829,910
Sep 3,164,918
Oct 3,525,796
Nov 3,864,338
Dec 4,402,279
Percent of budget expended 14.36%
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
Budget
Actual
Last Year
Page 33 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2014 Budget Year
Debt Service Budget
YTD
Actual
Annual %
over (under)
Jan 51,520 51,520 0.00%
Feb 302,837 302,837 0.00%
Mar 2,085,216
Apr 2,780,288
May 3,475,360
Jun 4,170,432
Jul 4,865,503
Aug 5,560,575
Sep 6,255,647
Oct 6,950,719
Nov 7,645,791
Dec 8,340,863
Percent of budget expended 3.63%
Non‐
Departmental YTD Annual % $6 00
Millions Non‐Departmental Other City Services
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
Millions Debt Service
Budget
Actual
Last Year
Other City Budget Actual over (under)
Jan 298,065 298,065 0.00%
Feb 467,210 467,210 0.00%
Mar 871,711
Apr 1,162,281
May 1,452,852
Jun 1,743,422
Jul 2,033,992
Aug 2,324,563
Sep 2,615,133
Oct 2,905,703
Nov 3,196,274
Dec 3,486,844
Percent of budget expended 13.40%
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00 Budget
Actual
Last Year
Page 34 of 36
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2014 Budget Year
Utilities Budget Revenue Expense
Jan 3,543,368 6,606,636 3,795,307
Feb 8,194,123 11,939,236 8,329,760
Mar 14,457,565
Apr 19,840,979
May 25,817,307
Jun 32,706,591
Jul 39,359,939
Aug 44,998,005
Sep 51,452,338
Oct 56,265,690
Nov 61,508,796
Dec 70,609,667
Percent of budget expended 10.96%
Note: Operations and Capital
$0
$10
$20
$30
$40
$50
$60
$70
$80
Millions Utilities
Budget
Revenue
Expense
$18 00
Millions Airport
Airport Budget Revenue Expense
Jan 36,046 292,698 108,595
Feb 74,054 639,757 472,632
Mar 149,974
Apr 184,702
May 365,320
Jun 579,123
Jul 947,337
Aug 1,952,104
Sep 2,058,604
Oct 3,018,964
Nov 3,069,095
Dec 3,215,564
Percent of budget expended 14.70%
Note: Operations and Capital
$‐
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
Budget
Revenue
Expense
Page 35 of 36
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2014 Budget Year
Golf Course Budget Revenue Expense
Jan 139,883 83,199 128,950
Feb 293,463 157,539 295,744
Mar 477,812
Apr 704,146
May 876,363
Jun 1,086,215
Jul 1,270,055
Aug 1,445,653
Sep 1,631,136
Oct 1,807,246
Nov 1,958,689
Dec 2,561,090
Percent of budget expended 11.55%
Note: Operations and Capital
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
$2.10
$2.40
$2.70
Millions Golf Course
Budget
Revenue
Expense
Page 36 of 36