HomeMy WebLinkAbout201507, July.pdf ADMINISTRATIVE SERVICES
DEPARTMENT
M E M O R A N D U M
DATE: September 9, 2015
TO: Ed Prince, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: July 2015 Financial Status Report
At the end of July, general governmental revenues show $4.2 million or 6.8% over budget.
Revenue sources that are higher than expected are: property tax ($756k); sales tax ($284k);
sales tax annexation credit ($125k); state shared revenues ($315k); utility taxes ($1 million);
franchise fees ($101k); gambling taxes ($386k); building permits & development service fees
($913k); public safety ($153k); interest/other earnings ($313kk); and other miscellaneous
($156k). On the down side, the revenue sources that are underperforming the year to date
budget is fines/penalties ($328k below).
General government expenditures showed a favorable variance of $1.7 million or 2.6%. 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
$%
Beginning Fund Balance 15,575,840$ 15,575,840$ 17,454,262$ 17,454,262$ 17,565,282$ 17,565,282$ 17,565,282$ ‐ 0.0%
OPERATING REVENUES
Property Tax 32,485,690 16,954,079 35,295,390 18,309,728 36,040,000 18,513,875 19,270,155 756,281 4.1%
Sales Tax 20,416,372 11,562,516 21,512,379 11,968,696 22,239,731 12,681,751 12,965,630 283,878 2.2%
Sales Tax ‐ Annexation Credit 2,418,789 1,369,168 2,542,394 1,411,086 2,519,968 1,412,194 1,537,488 125,294 8.9%
Criminal Justice Sales Tax 2,091,174 1,171,527 2,267,947 1,266,133 2,305,519 1,289,267 1,375,384 86,116 6.7%
Natural Gas Use Tax 263,660 169,403 271,485 205,804 300,000 227,420 164,540 (62,880) ‐27.6%
Admission Tax 327,258 240,224 310,311 233,681 320,000 237,856 234,588 (3,268) ‐1.4%
Franchise Fees 1,312,727 943,042 1,342,269 970,939 1,260,000 908,331 1,009,218 100,887 11.1%
Electricity Tax 5,155,789 3,049,554 5,167,444 3,141,952 5,365,536 3,218,057 2,825,401 (392,656) ‐12.2%
Natural Gas Utility Tax 1,550,900 1,085,808 1,562,341 1,139,753 1,550,900 1,108,691 1,001,485 (107,206) ‐9.7%
Garbage/Solid Waste 397,596 221,951 573,457 330,069 400,000 227,390 346,373 118,983 52.3%
TV Cable 1,481,779 838,645 1,518,821 867,188 1,579,365 897,865 905,533 7,668 0.9%
Telephone 917,021 528,707 909,088 514,864 952,500 544,327 526,776 (17,552) ‐3.2%
Cellular Phone 2,050,312 1,105,046 1,951,925 1,069,543 1,967,056 1,068,786 964,725 (104,061) ‐9.7%
City Utilities 3,964,989 2,267,850 3,961,052 2,301,923 4,058,377 2,339,864 2,451,380 111,515 4.8%
Utility Tax Audit ‐ ‐ 460,513 460,513 ‐ ‐ 1,446,078 1,446,078 100.0%
Leasehold Excise Tax 164,637 82,442 171,470 89,256 179,000 91,441 84,782 (6,659) ‐7.3%
Gambling Excise Tax 1,319,585 725,074 1,650,384 919,169 1,600,000 885,796 1,271,410 385,614 43.5%
Real Estate Excise Tax 4,131,665 1,719,709 4,348,762 2,984,646 4,000,000 2,513,969 2,602,732 88,763 3.5%
Less: CIP REET (700,000) (330,727) (1,650,000) (566,047) (1,000,000) (650,683) (650,683) ‐ 0.0%
EMS Levy 916,361 458,181 916,361 450,784 920,000 234,102 234,102 ‐ 0.0%
Business License Fees 2,911,691 1,986,415 2,965,850 2,093,034 3,006,000 2,086,427 2,188,980 102,552 4.9%
Less: CIP Business License Fees (2,407,925) (1,643,647) (2,450,295) (1,730,529) (2,500,000) (1,736,323) (1,811,112) (74,790) 4.3%
Animal Licenses and Spec Events Permits 99,411 66,615 95,698 65,576 91,000 60,693 64,170 3,477 5.7%
Building Permits & Development Svc Fees 4,001,625 2,224,985 4,519,234 2,762,637 4,679,749 2,740,646 3,653,786 913,140 33.3%
Intergovt'l (Grants, State Shared, etc) 3,863,974 2,539,941 4,522,540 2,703,122 3,909,542 2,011,310 2,233,580 222,269 11.1%
Fire District 25 and 40 Contracts 5,726,895 2,872,722 5,959,428 2,977,343 6,116,326 3,104,566 3,104,566 ‐ 0.0%
Public Safety 680,581 404,737 844,375 444,005 513,081 285,184 437,785 152,601 53.5%
Culture and Recreation 1,494,580 952,859 1,485,123 981,907 1,580,616 1,026,317 995,551 (30,766) ‐3.0%
Interfund/Interdept‐Services 3,464,913 2,034,531 3,270,503 1,933,148 3,147,416 1,835,993 1,843,723 7,730 0.4%
Fines and Penalties 1,137,140 603,794 962,977 593,389 1,126,500 641,421 455,490 (185,931) ‐29.0%
Photo Enforcement 1,629,524 1,174,581 1,719,971 799,863 2,194,000 1,293,309 1,151,572 (141,737) ‐11.0%
Seizure Funds ‐ Federal/State/Local 50,639 34,567 68,870 3,346 180,693 57,323 6,444 (50,880) ‐88.8%
Interests and Other Earnings 423,609 61,350 981,630 79,505 875,300 87,736 401,205 313,469 357.3%
Rents, Leases, and Concessions 734,530 527,965 711,070 514,153 710,216 511,987 516,109 4,122 0.8%
Contributions and Donations 84,320 52,867 113,626 65,672 97,000 58,088 79,984 21,896 37.7%
Other Miscellaneous 684,187 420,017 879,105 482,673 705,369 409,721 566,036 156,315 38.2%
Other Financing Sources (Transfer‐In, etc) 299,527 20,415 48,632 8,617 255,000 8,107 8,107 0 0.0%
Total Operating Revenues 105,545,527 58,496,912 111,782,133 62,847,141 113,245,760 62,232,808 66,463,072 4,230,264 6.8%
OPERATING EXPENDITURES
Council 289,911 169,210 309,317 185,030 335,838 198,534 191,473 7,061 3.6%
Executive 1,240,910 718,411 1,338,738 742,514 1,714,717 971,091 814,282 156,809 16.1%
City Attorney 1,922,225 1,013,090 1,829,254 1,035,254 2,001,421 1,092,795 1,062,566 30,229 2.8%
Court Services 2,003,104 1,141,510 2,016,273 1,167,708 2,148,553 1,234,390 1,162,369 72,021 5.8%
Community and Eco Dvlpmnt Admin 1,047,860 600,318 1,010,761 587,213 1,177,608 679,312 735,445 (56,133) ‐8.3%
Development Services 3,243,702 1,867,544 2,659,078 1,593,443 2,964,321 1,738,076 1,514,993 223,083 12.8%
Economic Development 467,511 254,764 654,007 353,794 1,053,786 571,804 375,085 196,719 34.4%
Planning 1,510,707 856,640 2,095,706 1,107,408 2,714,466 1,478,295 1,537,578 (59,283) ‐4.0%
Finance 2,274,147 1,123,823 2,644,827 1,336,451 2,795,120 1,398,007 1,427,769 (29,761) ‐2.1%
City Clerk 1,020,822 692,263 1,152,246 650,434 1,091,558 674,452 472,059 202,393 30.0%
Human Resources 904,182 510,868 922,668 516,316 1,316,577 740,272 659,471 80,802 10.9%
Police 24,946,784 14,602,739 26,383,640 15,223,692 28,371,356 16,485,667 16,284,443 201,224 1.2%
Jail Services 3,814,042 2,224,865 3,760,273 2,194,316 4,200,000 2,417,882 2,417,882 ‐ 0.0%
Fire 24,444,372 14,457,407 25,240,760 14,602,905 26,890,757 15,728,121 15,607,269 120,852 0.8%
Community Services Admin 452,146 262,830 480,727 273,470 560,787 322,391 290,564 31,827 9.9%
Parks 4,024,756 2,236,956 4,070,181 2,221,396 4,870,254 2,682,332 2,473,410 208,922 7.8%
Parks Planning & Natural Resources 829,250 370,751 722,739 388,391 999,004 488,654 418,287 70,367 14.4%
Recreation 4,846,970 2,696,025 4,823,195 2,585,291 5,200,923 2,840,460 2,820,946 19,514 0.7%
Human Services 1,162,330 628,351 1,159,189 632,253 1,199,977 651,597 685,824 (34,226) ‐5.3%
Neighborhoods, Resources, & Events 770,841 447,998 875,223 472,085 1,036,841 579,552 520,522 59,029 10.2%
Museum 209,387 122,060 214,291 121,764 227,761 131,075 131,778 (703) ‐0.5%
Public Works Admin 426,312 269,323 389,493 225,599 395,867 240,160 225,570 14,590 6.1%
Street Maintenance 3,814,132 2,229,390 4,503,315 2,532,280 5,186,713 2,969,351 2,920,408 48,943 1.6%
Transportation 4,476,854 2,490,033 4,263,725 2,426,304 5,076,998 2,855,673 2,724,715 130,958 4.6%
Debt Service 8,048,508 1,808,239 8,393,140 2,068,927 6,463,588 1,072,897 1,072,897 ‐ 0.0%
Non‐Departmental and Other 5,475,340 2,740,276 9,758,346 6,782,586 6,740,778 5,791,355 5,791,355 ‐ 0.0%
Total Operating Expenditures 103,667,105 56,535,685 111,671,112 62,026,823 116,735,570 66,034,196 64,338,959 1,695,237 2.6%
Total Ending Fund Balance 17,454,262$ 17,537,067$ 17,565,283$ 18,274,581$ 14,075,471$ 13,763,894$ 19,689,395$ 5,925,501$ 43.1%
Favorable (Unfavorable)
2013 2014 2015 Variance
Annual Actual YTD Actual Annual Budget YTD Budget YTD ActualSummary of Sources and Uses Annual Actual YTD Actual
Monthly Financial Report July 2015
Page 1 of 36
Monthly Financial Report July 2015
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through July 31, 2015. Except as noted,
year‐to‐date budgeted revenues and operating expenditures are generally based on the collection/disbursement patterns for
the same period of the preceding two years. The table on the previous page summarizes the general governmental fund
revenues and expenditures.
Revenues
Taxes
The combined collection of property, sales/use, utility, gambling, admissions, and real estate excise taxes represents 74% of all
resources supporting general governmental activities. The following section provides detail information on property, sales,
utility, and other taxes.
Property Tax
July’s collection is $65k, making
the total year‐to‐date collection
$19.3 million or 53.5% of the total
budget. In comparison to the
previous year, the City collected
$960k or 5% more. Compared to
the budget, the City is above
projections by $756k or 4%. The
variances from prior year and
budget are due to a change in
recognition of REET. In 2014 and
prior, the City recorded the
activity in the month it occurred.
In 2015, the City is recording REET
in the month the City’s receives
the cash deposit. The City is
projecting property taxes to meet the budget at year‐end.
Sales Tax
July 2015 sales tax receipts
totalled $1.9 million. Compared
with the same month last year, it
is $135k or 8% more. Compared
to the projected current month’s
budget, it is $103k or 6% above.
The year‐to‐date collection of $13
million is $997k or 8% more than
the prior year and is also $284k or
2% more than budgeted. New
Construction, Auto Sales, General
Retail, and Services are the main
sectors that are collecting more
than anticipated. 2015’s monthly
budgets are generally based on
2010 through 2014 collections.
The City is projecting sales taxes to meet the budget at year‐end.
2014 2015 2015
Actual Budget Actual $ % $ %
Jan (101,807)$ 27,853$ 67,234$ 169,041$ ‐166% 39,381$ 141%
Feb 176,551 292,775 307,006 130,455 74% 14,231 5%
Mar 1,626,283 1,066,055 939,218 (687,065) ‐42% (126,838) ‐12%
Apr 5,808,865 8,037,494 10,160,118 4,351,253 75% 2,122,623 26%
May 10,692,069 8,544,299 7,583,868 (3,108,202) ‐29% (960,431) ‐11%
Jun (244,519) 17,789 147,318 391,837 ‐160% 129,528 728%
Jul 352,287 527,609 65,395 (286,892) ‐81% (462,214) ‐88%
Aug 178,936 427,951
Sep 574,579 515,969
Oct 11,777,175 9,346,477
Nov 4,051,387 6,227,843
Dec 403,584 1,007,885
YTD Total 18,309,728$ 18,513,875$ 19,270,155$ 960,427$ 5% 756,281$ 4%
Annual Total 35,295,390$ 36,040,000$
Property Tax Revenues
Year to Date through July
2015 vs. 2014 2015 vs. Budget
Month
2014 2015 2015
Actual Budget Actual $ % $ %
Jan 1,607,045$ 1,736,775$ 1,758,332$ 151,287$ 9% 21,557$ 1%
Feb 2,079,673 2,139,897 2,260,395 180,722 9% 120,498 6%
Mar 1,562,210 1,658,321 1,674,147 111,937 7% 15,826 1%
Apr 1,558,271 1,679,689 1,750,506 192,235 12% 70,817 4%
May 1,759,697 1,950,137 1,977,843 218,146 12% 27,706 1%
Jun 1,669,870 1,753,064 1,677,458 7,588 0% (75,606) ‐4%
Jul 1,731,929 1,763,868 1,866,949 135,020 8% 103,080 6%
Aug 2,030,161 1,940,381 ‐
Sep 1,849,720 1,834,221 ‐
Oct 1,869,025 1,923,863 ‐
Nov 1,952,887 1,959,088 ‐
Dec 1,841,892 1,900,427 ‐
YTD Total 11,968,696$ 12,681,751$ 12,965,630$ 996,934$ 8% 283,878$ 2%
Annual Total 21,512,379$ 22,239,731$
2015 vs. Budget2015 vs. 2014
Month
Year to Date through July
Local Retail Sales Tax Revenues
Page 2 of 36
Monthly Financial Report July 2015
The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business
sectors:
Utility tax
July utility tax revenues are $2.2
million, which is $649k or 42%
higher than the same month last
year and is also ahead of the
budget by $989k or 83%. The
year‐to‐date collection is $10.6
million, which is $601k or 6%
higher than the prior year and is
also $1 million or 10% higher than
the budget. 100% of this
favourable variance is due to one‐
time audit adjustments. Excluding
audit related collections, the City
is projecting utility tax revenues
to be under the budget at year‐
end.
The table below breaks out Utility Tax by source. The variance for Electrical and Natural Gas utilities is due to lower activity.
The favourable utility tax audit revenues are gross and do not include the related audit fees (projected to be $372k for
2015).
2014 2015 2015
Actual Budget Actual $ % $ %
Jan 1,373,119$ 1,371,800$ 1,199,348$ (173,771)$ ‐13% (172,452)$ ‐13%
Feb 1,524,563 1,510,913 1,371,771 (152,792) ‐10% (139,143) ‐9%
Mar 1,631,438 1,441,880 1,544,060 (87,378) ‐5% 102,180 7%
Apr 1,218,999 1,419,168 1,263,898 44,900 4% (155,270) ‐11%
May 1,380,317 1,391,839 1,262,764 (117,553) ‐9% (129,076) ‐9%
Jun 1,376,544 1,310,144 1,815,284 438,740 32% 505,140 39%
Jul 1,526,628 1,186,657 2,175,167 648,538 42% 988,510 83%
Aug 1,270,116 1,293,475
Sep 1,206,313 1,338,119
Oct 1,202,725 1,163,623
Nov 1,170,266 1,233,232
Dec 1,495,099 1,512,883
YTD Total 10,031,609$ 9,632,402$ 10,632,292$ 600,683$ 6% 999,890$ 10%
Annual Total 16,376,127$ 16,173,734$
2015 vs. Budget2015 vs. 2014
Year to Date through July
Utility Tax Revenues
Month
Sales Tax by Sector 2014 2015 Bgt YTD Act Change 2015/2014 2015 Act vs Bgt
New Construction 1,167,354$ 1,375,241$ 1,497,447$ 330,094$ 28%$ 122,207 9%
Auto Sales 2,307,070 2,417,183 2,556,135 249,065 11% 138,952 6%
General Retail 3,792,234 3,905,297 4,059,742 267,509 7% 154,445 4%
Manufacturing 1,167,145 1,209,642 1,033,442 (133,703) ‐11% (176,200)‐15%
Wholesale 630,450 661,918 667,696 37,246 6% 5,778 1%
Service 2,560,726 2,691,346 2,823,323 262,597 10% 131,977 5%
Other 343,718 421,125 327,844 (15,874) ‐5% (93,281)‐22%
YTD Total 11,968,696$ 12,681,751$ 12,965,630$ 996,934$ 8%283,878$ 2%
Note: Excludes Annexation Credit and Criminal Justice Sales Tax revenue.
Utility Tax by Type 2014 2015 Bgt YTD Act Change 2015/2014 2015 Act vs Bgt
Electrical 3,141,952$ 3,218,057$ 2,825,401$ (316,551)$ ‐10%$ (392,656)‐12%
Natural Gas 1,345,558 1,336,112 1,166,025 (179,532) ‐13% (170,086)‐13%
Cell 1,069,543 1,068,786 964,725 (104,817) ‐10% (104,061)‐10%
Phone 514,864 544,327 526,776 11,912 2% (17,552)‐3%
Cable 867,188 897,865 905,533 38,345 4% 7,668 1%
Garbage/Solid Waste 330,069 227,390 346,373 16,305 5% 118,983 52%
City Utilities 2,301,923 2,339,864 2,451,380 149,457 6% 111,515 5%
Utility Tax Audit 460,513 ‐ 1,446,078 985,565 214% 1,446,078 100%
YTD Total 10,031,609$ 9,632,402$ 10,632,292$ 600,683$ 6%999,890$ 10%
Annual Total 16,376,127$ 16,173,734$
YTD as % of 61% 60%
Page 3 of 36
Monthly Financial Report July 2015
Other Taxes
Real Estate Excise Tax
The City collected $563k in Real
Estate Excise Tax revenues (REET)
for July. This is $213k or 61%
more than the same month last
year and is $179k or 47% more
than the current month’s budget.
The year‐to‐date collection is $2.6
million, which is $382k or 13% less
than the prior year but is $89k or
4% above the budget. The higher
than expected variance is due to
14 large transactions in February,
March, April, May and June which
accounts for $539k of the total
REET collected. The City is
projecting REET to be very close to
the budget at year‐end.
Gambling Tax
July’s Gambling Tax collections
totalled $195k, which is $72k or
59% above the same month last
year and is also above the current
month’s budget by $81k or 71%.
The year‐to‐date total of $1.3
million is $352k or 38% above the
prior year and is also $386k or
44% above budget. $77k of the
year‐to‐date collections are from
a payment plan of back taxes
earned in 2013/2014. The City is
projecting gambling taxes to
exceed the budget at year‐end.
Pull tabs overall had an 11%
increase, bingo had a 21% decrease, and card‐rooms are seeing 59% higher in activities when compared to the prior year.
Franchise Fees
Franchise Fees are due quarterly
in January, April, July, and
October. The year‐to‐date total
of $1 million is $38k or 4% higher
than the prior year and is also
$101k or 11% above the projected
year‐to‐date budget. The City is
projecting franchise fees to
exceed the budget at year‐end.
2014 2015 2015
Actual Budget Actual $ % $ %
Jan 162,143$ 173,895$ 226,377$ 64,234$ 40% 52,482$ 30%
Feb 448,452 321,137 158,616 (289,836) ‐65% (162,521) ‐51%
Mar 227,629 266,310 343,579 115,950 51% 77,269 29%
Apr 909,120 548,260 438,485 (470,635) ‐52% (109,775) ‐20%
May 262,746 315,718 394,014 131,268 50% 78,296 25%
Jun 624,342 504,632 478,186 (146,155) ‐23% (26,445) ‐5%
Jul 350,214 384,017 563,474 213,260 61% 179,457 47%
Aug 346,677 307,198
Sep 265,534 252,083
Oct 436,050 330,354
Nov 223,675 286,400
Dec 92,179 309,996
YTD Total 2,984,646$ 2,513,969$ 2,602,732$ (381,915)$ ‐13% 88,763$ 4%
Annual Total 4,348,762$ 4,000,000$
Month
2015 vs. Budget2015 vs. 2014
Real Estate Excise Tax Revenues
Year to Date through July
2014 2015 2015
Actual Budget Actual $ % $ %
Jan 131,776$ 142,914$ 158,293$ 26,516$ 20% 15,379$ 11%
Feb 133,109 111,429 184,189 51,080 38% 72,759 65%
Mar 153,695 142,756 169,262 15,567 10% 26,506 19%
Apr 103,980 142,027 207,646 103,666 100% 65,619 46%
May 138,319 127,128 183,090 44,771 32% 55,962 44%
Jun 135,701 105,469 174,036 38,335 28% 68,567 65%
Jul 122,588 114,073 194,895 72,306 59% 80,822 71%
Aug 130,381 124,075 ‐
Sep 139,444 137,724 ‐
Oct 155,499 144,185 ‐
Nov 156,921 146,442 ‐
Dec 148,970 161,778 ‐
YTD Total 919,169$ 885,796$ 1,271,410$ 352,242$ 38% 385,614$ 44%
Annual Total 1,650,384$ 1,600,000$
2015 vs. 2014 2015 vs. Budget
Gambling Tax Revenue
Month
Year to Date through July
2014 2015 2015
Actual Budget Actual $ % $ %
Jan 323,121$ 302,491$ 333,343$ 10,222$ 3% 30,852$ 10%
Feb ‐ 95 ‐
Mar ‐ 424 ‐
Apr 323,544 301,608 335,218 11,674 4% 33,610 11%
Jul 324,273 303,714 340,657 16,383 5% 36,943 12%
Oct 321,828 305,167 ‐
Dec 49,502 46,502 ‐
YTD Total 970,939$ 908,331$ 1,009,218$ 38,279$ 4% 101,405$ 11%
Annual Total 1,342,269$ 1,260,000$
Franchise Fees Revenue
Year to Date through July
Month
2015 vs. 2014 2015 vs. Budget
Page 4 of 36
Monthly Financial Report July 2015
Admission Tax
Admission Tax returns are due
quarterly in January, April, July,
and October of each year. July
2015 collections represent
activities conducted during the 2nd
quarter of 2015. The year‐to‐date
collection of $235k is $1k more
than the prior year but is $3k or
1% less than the budget. The City
is projecting admission taxes to be
very close to the budget at year‐
end.
Licenses and Permits
Building Permits and
Development Service Fees
Building Permits and
Development Service Fee
revenues totalled $874k in July.
The year‐to‐date development
fees revenue of $3.7 million is
$891k or 32% more than the year
before and is also $913k or 33%
higher than budget. The variance
in June/July 2015 is due to a large
payment for building permits and
plan checking fees (Southport
Developer and Group Health
Projects). The City is projecting
building permits and development
service fees to exceed the budget
at year‐end (due to one‐time large projects: Southport, Group Health, and Ikea).
Business Licenses
Business Licenses totalled $646k
for July, which is $8k or 1% above
the same month last year and is
also $35k or 6% above the current
month’s budget. The year‐to‐date
Business Licenses revenue of $2.2
million is $96k or 5% above the
prior year and is above the budget
by $103k or 5%. The City is
projecting business licenses to be
very close to the budget at year‐
end.
2014 2015 2015
Actual Budget Actual $ % $ %
Jan 80,243$ 81,652$ 83,675$ 3,432$ 4% 2,023$ 2%
Feb ‐ ‐ 1,371 1,371 100% 1,371 100%
Mar ‐ ‐ 106 106 100% 106 100%
Apr 74,163 72,512 65,108 (9,055) ‐12% (7,404) ‐10%
May ‐ ‐ 1,523 1,523 100% 1,523 100%
Jun 145 73 ‐
Jul 79,130 83,619 82,804 3,675 5% (815) ‐1%
Aug ‐ 38 ‐
Oct 76,631 81,433 ‐
Nov ‐ 598 ‐
Dec ‐ 75 ‐
YTD Total 233,681$ 237,856$ 234,588$ 1,053$ 0% (3,195)$ ‐1%
Annual Total 310,311$ 320,000$
Month
2015 vs. 2014 2015 vs. Budget
Admission Tax Revenue
Year to Date through July
2014 2015 2015
Actual Budget Actual $ % $ %
Jan 432,890$ 417,515$ 260,603$ (172,288)$ ‐40% (156,913)$ ‐38%
Feb 412,317 354,160 328,557 (83,760) ‐20% (25,602) ‐7%
Mar 388,190 373,356 275,826 (112,364) ‐29% (97,530) ‐26%
Apr 374,004 408,228 655,282 281,279 75% 247,055 61%
May 349,590 404,850 235,121 (114,469) ‐33% (169,729) ‐42%
Jun 516,689 448,800 1,024,848 508,160 98% 576,048 128%
Jul 288,957 333,738 873,549 584,591 202% 539,811 162%
Aug 300,184 353,949
Sep 369,040 343,237
Oct 393,023 463,224
Nov 239,983 351,665
Dec 454,368 427,027
YTD Total 2,762,637$ 2,740,646$ 3,653,786$ 891,149$ 32% 913,140$ 33%
Annual Total 4,519,234$ 4,679,749$
Building Permits and Development Service Fees
Year to Date through July
2015 vs. Budget2015 vs. 2014
Month
2014 2015 2015
Actual Budget Actual $ % $ %
Jan 597,369$ 544,128$ 588,093$ (9,276)$ ‐2% 43,964$ 8%
Feb 145,936 178,140 222,022 76,086 52% 43,882 25%
Mar 28,425 46,252 26,067 (2,358) ‐8% (20,185) ‐44%
Apr 557,203 543,071 513,360 (43,843) ‐8% (29,711) ‐5%
May 86,852 129,015 167,985 81,133 93% 38,971 30%
Jun 39,763 34,705 25,663 (14,100) ‐35% (9,042) ‐26%
Jul 637,487 611,117 645,791 8,304 1% 34,674 6%
Aug 95,938 134,518 ‐
Sep 28,686 27,016 ‐
Oct 619,492 640,673 ‐
Nov 108,061 95,071 ‐
Dec 20,639 22,294 ‐
YTD Total 2,093,034$ 2,086,427$ 2,188,980$ 95,946$ 5% 102,552$ 5%
Annual Total 2,965,850$ 3,006,000$
*Total Business License (GF & CIP)
Business Licenses*
Month
2015 vs. 2014
Year to Date through July
2015 vs. Budget
Page 5 of 36
Monthly Financial Report July 2015
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 87% of the total
revenues in this category.
The year‐to‐date total Intergovernmental revenue is $6.9 million or 52% of the budget.
State Shared Revenues
State Shared Revenue
collections totalled $3
million since the start of the
year. Compared to the
prior year, State Shared
Revenues are above by
$77k or 3%. Compared to
the projected budget, the
City is collecting $315k or
12% 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 56%
of the total revenue in this category. The year‐to‐date total charges for services are $5.1 million or 73% of the budget. The
following sections provide detail information for Public Safety, Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totalled
$438k 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 $6k or 1% less.
Compared to the year‐to‐date
budget, the City is over budget by
$153k or 54%. The large January
2014 variance is due to the timing
of when Valley Narcotics
Enforcement Team (VNET)
contributions are receipted. The
2014 2015 2015
Actual Budget Actual $ % $ %
Jan 117,639$ 50,388$ 58,509$ (59,130)$ ‐50% 8,121$ 16%
Feb 45,139 54,499 42,228 (2,910) ‐6% (12,271) ‐23%
Mar 44,028 27,253 62,481 18,453 42% 35,228 129%
Apr 38,202 34,344 146,715 108,513 284% 112,371 327%
May 35,540 28,065 55,309 19,769 56% 27,243 97%
Jun 107,246 48,449 33,004 (74,242) ‐69% (15,445) ‐32%
Jul 56,212 42,187 39,540 (16,672) ‐30% (2,647) ‐6%
Aug 64,201 35,937 ‐
Sep 44,169 31,301 ‐
Oct 190,822 91,374 ‐
Nov 37,507 29,303 ‐
Dec 65,704 39,982 ‐
YTD Total 444,005$ 285,184$ 437,785$ (6,220)$ ‐1% 152,601$ 54%
Annual Total 846,409$ 513,081$
Month
2015 vs. 2014
Year to Date through July
Public Safety Services
2015 vs. Budget
Intergovernmental 2014 2015 Bgt YTD Act Change 2015/2014 2015 Act vs Bgt
Fire District #25 620,568$ 628,463$ 628,463$ 7,896$ 1% $ ‐ 0%
Fire District #40 2,356,775 2,476,103 2,476,103 119,328 5%‐ 0%
State Shared Revenue 2,881,821 2,644,256 2,958,875 77,053 3% 314,619 12%
Federal Grants 934,344 453,556 453,556 (480,788) ‐51%‐ 0%
State Grants 22,404 39,151 39,151 16,746 75%‐ 0%
Other Grants/Intgovt 130,686 397,716 391,484 260,798 200% (6,233) ‐2%
ARRA Grants ‐ 0 ‐ ‐ N/A ‐ 0%
Total Rev YTD 6,946,598$ 6,639,245$ 6,947,631$ 1,033$ 0%308,386$ 5%
Total Rev Annual 13,664,242$ 13,251,387$
YTD %51% 50% 52%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
2014 2015 2015
Actual Budget Actual $ % $ %
Crim Just Sales Tax 1,266,133$ 1,289,267$ 1,375,384$ 109,251$ 9% 86,116$ 7%
Judicial Contribution 16,968 ‐ 10,895 (6,073) ‐36% 10,895 100%
Crim Just ‐ High Crime 191,330 ‐ 125,694 (65,636) ‐34% 125,694 100%
Crim Just ‐ Pop 18,245 17,776 19,332 1,086 6% 1,556 9%
Crim Just ‐ Spec Prog 67,823 66,090 70,894 3,072 5% 4,804 7%
State DUI 12,949 12,704 10,847 (2,102) ‐16% (1,858) ‐15%
Liquor Profits 424,823 425,177 425,911 1,087 0% 734 0%
Liquor Excise Tax 132,726 120,345 153,491 20,764 16% 33,146 28%
Fuel Tax 750,824 712,896 766,428 15,604 2% 53,531 8%
YTD Total 2,881,821$ 2,644,256$ 2,958,875$ 77,053$ 3% 314,619$ 12%
Annual Total 5,045,728$ 4,777,519$
2015 vs. Budget
State Shared Revenues
2015 vs. 2014
Revenue
Year to Date through July
Page 6 of 36
Monthly Financial Report July 2015
large June 2014 variance is due to staff reimbursement for training provided to the Basic Law Enforcement Academy. The large
October 2014 variance is due to staff reimbursement for the Oso mudslide. April 2015 variance is due to receipting $75k
reimbursement for the School Resource Officer (SRO) program. The City is projecting public safety services to exceed the budget
at year‐end.
Recreation
Recreation revenues totalled
$429k for the current month.
Compared to the same month the
prior year, the City collected
$110k or 35% more. Compared to
the projected monthly budget,
the City collected $77k or 22%
more. The year‐to‐date collection
of $996k is $14k or 1% higher
than the year before but is $31k
or 3% lower than the year‐to‐date
budget. The variance with the
prior year and monthly budget is
due to a change in how the
recreation class revenues are
recorded. The City is now
recognizing class revenues as the classes begin instead of when they are paid. The City currently has $177k in class revenues to
be recognized as soon as the classes begin. The City is projecting recreation revenues to be under the budget at year‐end.
Interfund Services
The year‐to‐date collections for
Interfund Services revenues are
$1.8 million. Compared to the
prior year, the revenues are under
by $89k or 5%. Compared to the
projected budget, the revenues
are above by $8k. 2015’s monthly
budgets are based on 1/12th of
the annual budget. The majority
of these revenues are related to
indirect cost allocations, which
are internal administrative costs.
The remaining costs consist of
Development Services division’s
inspection fees, Parks Planning
and Natural Resources division’s
capital investment program reimbursements, Transportation division’s capital investment program reimbursements, and
Maintenance division’s street maintenance reimbursements. The City is projecting interfund services to be very close to the
budget at year‐end.
2014 2015 2015
Actual Budget Actual $ % $ %
Jan 69,522$ 68,996$ 117,124$ 47,602$ 68% 48,128$ 70%
Feb 68,873 63,673 30,177 (38,696) ‐56% (33,495) ‐53%
Mar 66,458 77,421 35,946 (30,513) ‐46% (41,475) ‐54%
Apr 179,282 185,568 91,404 (87,879) ‐49% (94,164) ‐51%
May 106,771 107,408 64,015 (42,756) ‐40% (43,393) ‐40%
Jun 172,332 171,135 227,942 55,610 32% 56,807 33%
Jul 318,669 352,117 428,943 110,275 35% 76,826 22%
Aug 245,982 239,664 ‐
Sep 119,109 128,721 ‐
Oct 72,614 82,910 ‐
Nov 36,383 54,128 ‐
Dec 29,129 48,876 ‐
YTD Total 981,907$ 1,026,317$ 995,551$ 13,644$ 1% (30,766)$ ‐3%
Annual Total 1,485,123$ 1,580,616$
Recreation
Year to Date through July
2015 vs. Budget2015 vs. 2014
Month
2014 2015 2015
Actual Budget Actual $ % $ %
Jan 301,808$ 262,285$ 265,068$ (36,741)$ ‐12% 2,783$ 1%
Feb 257,027 262,285 264,413 7,386 3% 2,128 1%
Mar 287,465 262,285 260,071 (27,393) ‐10% (2,213) ‐1%
Apr 295,489 262,285 248,466 (47,023) ‐16% (13,819) ‐5%
May 269,032 262,285 260,774 (8,259) ‐3% (1,511) ‐1%
Jun 277,620 262,285 292,480 14,860 5% 30,196 12%
Jul 244,707 262,285 252,451 7,744 3% (9,834) ‐4%
Aug 284,344 262,285 ‐
Sep 278,550 262,285 ‐
Oct 256,662 262,285 ‐
Nov 254,192 262,285 ‐
Dec 263,607 262,285 ‐
YTD Total 1,933,148$ 1,835,993$ 1,843,723$ (89,426)$ ‐5% 7,730$ 0%
Annual Total 3,270,503$ 3,147,416$
Interfund Services
Year to Date through July
2015 vs. 2014 2015 vs. Budget
Month
Page 7 of 36
Monthly Financial Report July 2015
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
$1.6 million. This is $214k or 15%
higher than a year ago but is
$328k or 17% below the budget.
The reason for the variance with
the prior year and budget is due
to a change in accounting for
December 2014’s revenue. In the
past we would record December
through November, but starting in 2015 we are recording January through December. The City is projecting fines and penalties
to be under the budget at year‐end.
Included in the Fines and Penalties revenue
budget is $2.2 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 $1.2 million.
The associated costs includes the equipment
provided by American Traffic Solutions, Inc.
(ATS), dedicated 1 FTE in the Court Services
Department to process the increased caseload
and 1.1 FTEs in the Police Department for
support services. This staff time, along with a
50% pro tem budget and interpreter costs
amounts to $308k for personnel costs. The
total costs for the program equates to $1.1
million which is represented in the table. Due
to the timing of when the invoice was
received, January and February 2015’s equipment rental costs were recorded in March. The City is projecting photo
enforcement program revenues to be under the budget at year‐end.
2014 2015 2015
Actual Budget Actual $ % $ %
Jan 136,762$ 180,526$ 124,856$ (11,906)$ ‐9% (55,670)$ ‐31%
Feb 151,470 241,215 213,981 62,511 41% (27,234) ‐11%
Mar 203,482 285,153 275,737 72,255 36% (9,417) ‐3%
Apr 263,785 357,892 245,206 (18,579) ‐7% (112,686) ‐31%
May 208,436 298,306 257,217 48,781 23% (41,089) ‐14%
Jun 224,214 299,729 268,116 43,903 20% (31,612) ‐11%
Jul 205,103 271,908 221,949 16,846 8% (49,959) ‐18%
Aug 258,728 261,362
Sep 247,480 243,883
Oct 239,990 262,728
Nov 287,406 292,068
Dec 256,092 325,729
YTD Total 1,393,252$ 1,934,730$ 1,607,062$ 213,809$ 15% (327,669)$ ‐17%
Annual Total 2,682,948$ 3,320,500$
2015 vs. Budget2015 vs. 2014
Year to Date through July
Fines and Penalties by Month
Month
Year to Date through July
2014 2015 2015
Actual Budget Actual $ % $ %
Civil Penalties 3,939$ 8,578$ 1,878$ (2,061)$ ‐52% (6,701)$ ‐78%
Civil Infraction Penalties 322,508 351,366 217,072 (105,435) ‐33% (134,294) ‐38%
Civil Parking Infraction Penalties 102,473 104,600 79,429 (23,044) ‐22% (25,172) ‐24%
Photo Enforcement Program 799,863 1,293,309 1,151,572 351,709 44% (141,737) ‐11%
Criminal Traffic Misdemeanor Fines 51,312 65,586 43,409 (7,902) ‐15% (22,177) ‐34%
Criminal Non‐Traffic Fines 25,287 26,386 40,732 15,445 61% 14,346 54%
Criminal Costs 73,734 70,625 57,313 (16,421) ‐22% (13,313) ‐19%
Non‐Court Fines, Forfeitures and Penalties 14,137 14,279 15,657 1,520 11% 1,378 10%
YTD Total 1,393,252$ 1,934,730$ 1,607,062$ 213,809$ 15% (327,669)$ ‐17%
Annual Total 2,682,948$ 3,320,500$
Revenue
2015 vs. Budget
Fines and Penalties by Type
2015 vs. 2014
Favorable
15 Budget 15 Actual 15 Budget 15 Actual (Unfavorable)
1
Jan 138,983$ 121,709$ 88,955$ 25,705$ 96,004$
Feb 148,513 152,185 88,955 25,705 126,480
Mar 168,263 198,034 88,955 162,480 35,554
Apr 251,837 166,166 88,955 94,253 71,913
May 200,513 164,775 88,955 94,100 70,675
Jun 191,262 200,678 88,955 94,154 106,524
Jul 193,937 148,024 88,955 94,291 53,734
Aug 168,554 ‐ 88,955 ‐ ‐
Sep 153,716 ‐ 88,955 ‐ ‐
Oct 170,949 ‐ 88,955 ‐ ‐
Nov 199,054 ‐ 88,955 ‐ ‐
Dec 208,419 ‐ 88,955 ‐ ‐
YTD Total 1,293,309$ 1,151,572$ 622,685$ 590,688$ 560,884$
Annual Total 2,194,000$ 1,067,460$
1Actuals of Revenues and Expenses
ExpensesRevenues
Photo Enforcement Program
Year to Date through July
Month
Page 8 of 36
Monthly Financial Report July 2015
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 72% of
the total revenue in this category.
The year‐to‐date total
miscellaneous is $1.3 million.
Compared to last year, the
revenues are above by $387k or
44%. Compared to the projected
year‐to‐date budget, the revenues
are over by $392k or 45%. The negative amount for July 2014 is due to a correction made to move interest earned from Utility
tax audits, originally recorded in June. The large variance in January 2015 and September 2014 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. The City is projecting
miscellaneous revenues to exceed the budget at year‐end.
Interest and other earnings are higher than the prior year and budget due to the timing of when interfund interest was recorded
from Surface Water to Street Maintenance (prior year, trued up in September).
Other miscellaneous revenues are higher than the prior year and budget due to higher than expected utility late payment
penalties and miscellaneous fire reimbursements.
EXPENSES
Overall the City has expended 55% of its budgeted general governmental expenditures at the end of July. This is $1.7 million or
2.6% below year‐to‐date budgeted expenditures. The City did not have any general governmental departments over budget but
we did see some divisions within those departments over budget. Please refer to the General Governmental Funds Summary of
Sources and Uses table on page 1 for details.
2014 2015 2015
Actual Budget Actual $ % $ %
Jan 243,963$ 195,249$ 269,664$ 25,701$ 11% 74,416$ 38%
Feb 99,547 79,392 135,539 35,992 36% 56,147 71%
Mar 126,132 138,941 182,386 56,253 45% 43,445 31%
Apr 70,094 79,092 132,893 62,799 90% 53,801 68%
May 107,650 134,915 144,753 37,103 34% 9,837 7%
Jun 257,714 214,161 215,629 (42,085) ‐16% 1,468 1%
Jul (21,407) 37,022 189,913 211,319 ‐987% 152,890 413%
Aug 121,979 120,533
Sep 552,749 422,492
Oct 119,594 105,005
Nov 128,732 105,350
Dec 491,839 533,056
YTD Total 883,693$ 878,773$ 1,270,776$ 387,083$ 44% 392,003$ 45%
Annual Total 2,298,586$ 2,165,209$
Year to Date through July
Month
2015 vs. Budget2015 vs. 2014
Miscellaneous Revenues by Month
2014 2015 2015
Actual Budget Actual $ % $ %
Interests and Other Earnings 79,505$ 87,736$ 401,205$ 321,700$ 405% 313,469$ 357%
Rents, Leases, and Concessions 514,153 511,987 516,109 1,956 0% 4,122 1%
Contributions/Donations from Private Sources 65,672 58,088 79,984 14,311 22% 21,896 38%
Other 221,016 163,638 267,035 46,018 21% 103,396 63%
Seizure Funds ‐ Federal/State/Local 3,346 57,323 6,444 3,097 93% (50,880) ‐89%
YTD Total 883,693$ 878,773$ 1,270,776$ 387,083$ 44% 392,003$ 45%
Annual Total 2,298,586$ 2,165,209$
2015 vs. Budget
Miscellaneous Revenues by Type
Year to Date through July
Revenue
2015 vs. 2014
Page 9 of 36
Monthly Financial Report July 2015
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 ‐ ‐ ‐ ‐ 56,975 25,300 ‐
Grants / intergovernmental 1,324,831 ‐ 109,496 ‐ 15,161 1,052,680 ‐
Charges for services 84,242 1,215,879 10,309,259 9,370,671 5,726,866 6,318,381 9,223,282
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 1,870 ‐ ‐ ‐ 495 ‐ ‐
Rents, leases, and misc fees 1,427,348 249,287 45,892 79,098 ‐ ‐ ‐
Interest and other misc 3,473 8,015 8,598 612,102 647,854 1,091,433 10,214
TOTAL REVENUES 2,841,764 1,473,181 10,473,245 10,061,871 6,447,351 8,487,794 9,233,496
EXPENSES:
Utility billing ‐ ‐ 76,600 70,464 55,166 88,891 ‐
Utility systems ‐ ‐ 8,338,957 2,338,966 1,850,982 1,908,598 ‐
Utility maintenance ‐ ‐ 162,089 2,953,003 888,118 1,459,628 8,960,810
Transportation 865,836 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 1,136,854 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 865,836 1,136,854 8,577,646 5,362,433 2,794,266 3,457,117 8,960,810
AMOUNT AVAILABLE FOR DEBT SERVICE 1,975,928 336,327 1,895,600 4,699,438 3,653,085 5,030,677 272,686
DEBT SERVICE:
Principal ‐ ‐ ‐ 395,175 265,745 42,590 ‐
Interest ‐ ‐ ‐ 297,136 148,920 431,026 ‐
TOTAL DEBT SERVICE ‐ ‐ ‐ 692,311 414,665 473,616 ‐
CAPITAL PROJECTS 1,800,355 ‐ ‐ 516,480 447,838 2,191,654 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ (3,187) (326) ‐ ‐
CHANGE IN FUND BALANCE 175,573 336,327 1,895,600 3,487,460 2,790,256 2,365,407 272,686
BEGINNING FUND BALANCE, Jan 1 806,821 (42,911) 1,545,606 15,872,094 7,589,089 7,804,221 3,316,310
ENDING FUND BALANCE, Jul 31 982,394 293,416 3,441,206 19,359,554 10,379,345 10,169,628 3,588,996
Page 10 of 36
Monthly Financial Report July 2015
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 ‐ 100,764 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ ‐ ‐ ‐ ‐ ‐ 40,057
Charges for services
Equipment rental m&o 1,621,723 2,046,834 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 51,431 ‐ 245,261 ‐ ‐ ‐
Communications ‐ 3,183 ‐ 338,036 ‐ ‐ ‐
Facilities ‐ ‐ 2,870,863 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 93,584 ‐ ‐ ‐ ‐ ‐
IT service co ntracts ‐ 287,266 ‐ ‐ ‐ ‐ ‐
Interest and other misc 15,135 6,107 3,864 1,283 39,717 19,941 23,133
Internal service fund misc:
Vehicle / equipment capital recovery 1,727,236 99,170 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 1,082,741 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 1,051,207 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 6,756,898 1,298,849
Other misc 1,778 ‐ 3,153 17 ‐ 685,014 ‐
Interfund Loan ‐ ‐ ‐ ‐ 143,079 ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 29,088 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 61,530 ‐ ‐
TOTAL REVENUES 3,394,960 2,688,339 2,877,880 584,597 2,378,274 7,461,853 1,362,039
EXPENSES:
Communications 242,052
Equipment rental 1,232,354
Facilities 2,425,646
Healthcare 7,312,664
Information technology 2,133,134
Print and mail 201,292
Retiree healthcare 651,147
Risk management:
Risk ma nagement 1,410,734
Unemployment 29,303
Worker's compensation 928,775
TOTAL EXPENSES 1,232,354 2,133,134 2,425,646 443,344 2,368,812 7,312,664 651,147
AMOUNT AVAILABLE FOR CAPITAL 2,162,606 555,205 452,234 141,253 9,462 149,189 710,892
CAPITAL PROJECTS 2,568,396 269,772 167,078 ‐ ‐ ‐ ‐
TRANSFERS IN 125,500 61,120 ‐ ‐ 1,300,000 ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE (280,290) 346,553 285,156 141,253 1,309,462 149,189 710,892
BEGINNING FUND BALANCE, Jan 1 5,310,319 1,916,048 1,154,089 383,969 12,069,311 6,675,505 7,711,863
ENDING FUND BALANCE, Jul 31 5,030,029 2,262,601 1,439,245 525,222 13,378,773 6,824,694 8,422,755
Page 11 of 36
Monthly Financial Report July 2015
FUND BALANCE
Page 13 shows the ending fund balance as of July 2015. 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 July, the City has $19.7 million reported in the combined general governmental fund balance of the current year’s
operating budget, which is approximately 17% of budgeted operating expenditures. This is an increase of $2.1 million from the
year’s beginning balance. July’s ending fund balance is over the anticipated General Governmental Fund Balance of $13.8
million by $5.9 million or 43.1%. 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 12 of 36
Monthly Financial Report July 2015
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through July 31, 2015
Funds
Balance
01/01/2015
Budgeted
Revenue
Revenue
07/31/15
Total Funds
Available
Budgeted
Expenditure
Expenditure
07/31/15 Ending Balance
GENERAL GOVERNMENT FUNDS: 17,565,282 113,245,760 80,154,876 97,720,158 116,735,570 78,030,763 19,689,395
000 General 11,159,313 83,431,472 50,268,143 61,427,456 86,638,897 50,918,613 10,508,843
001 Community Services 2,467,703 12,478,920 6,698,803 9,166,506 12,608,356 6,477,961 2,688,545
003 Street 2,147,229 10,096,711 5,730,485 7,877,714 10,263,711 5,645,123 2,232,591
004 Community Dev Block Grant 74,951 462,908 ‐ 74,951 448,804 36,066 38,885
005 Museum 65,500 227,761 114,022 179,522 227,761 131,778 47,744
009 Farmers Market 104,950 59,400 33,089 138,039 59,453 45,768 92,270
011 Fire Health & Wellness 74,565 25,000 11,909 86,474 25,000 10,753 75,721
201 Ltd GO Bonds Gen Govt Debt 838,633 1,749,405 877,997 1,716,630 1,749,405 97,050 1,619,580
215 Gen Govt Misc Debt Service 632,438 4,714,183 16,420,428 17,052,866 4,714,183 14,667,651 2,385,215
SPECIAL REVENUE FUNDS: 1,100,381 1,786,631 987,035 2,087,416 1,807,969 804,493 1,282,923
102 Arterial Street 14,885 640,000 361,162 376,047 640,000 ‐ 376,047
108 Leased City Properties 121,014 768,957 388,568 509,582 663,403 638,789 (129,207)
110 Hotel Motel 219,090 265,000 153,191 372,281 283,942 93,831 278,450
125 1% For Art 101,380 15,000 291 101,671 102,950 ‐ 101,671
127 Cable Communication 313,090 97,674 82,875 395,965 117,674 71,873 324,092
135 Springbrook Wetlands Bank 330,922 ‐ 948 331,870 ‐ ‐ 331,870
CAPITAL PROJECT FUNDS (CIP):27,979,966 23,803,437 8,253,804 36,233,770 47,027,879 12,807,099 23,426,671
303 Community Dev Mitigation 1,238,600 86,500 192,018 1,430,618 ‐ ‐ 1,430,618
304 Fire Mitigation 926,488 99,000 351,444 1,277,932 250,000 ‐ 1,277,932
305 Transportation Mitigation 844,648 216,500 828,770 1,673,418 391,000 ‐ 1,673,418
316 Municipal Facilities CIP 4,493,986 4,718,145 3,754,474 8,248,460 8,918,715 2,875,972 5,372,488
317 Transportation CIP 4,059,718 18,683,292 3,088,370 7,148,088 22,063,404 2,980,887 4,167,201
326 Housing Opportunity 1,086,766 ‐ 3,060 1,089,826 75,000 50,000 1,039,826
336 New Library Development 15,329,760 ‐ 35,668 15,365,428 15,329,760 6,900,240 8,465,188
ENTERPRISE FUNDS:36,891,230 97,849,061 49,047,868 85,939,098 107,984,277 37,724,556 48,214,542
4X2 Airport Operating & CIP 806,821 16,596,888 2,841,764 3,648,585 16,469,927 2,666,191 982,394
403 Solid Waste Utility 1,545,606 16,461,726 10,473,246 12,018,852 16,675,139 8,577,645 3,441,207
4X4 Golf Operating & CIP (42,911) 2,655,383 1,502,346 1,459,435 2,616,052 1,166,019 293,416
4X5 Water Operating & CIP 15,872,094 16,272,634 10,061,871 25,933,965 20,799,381 6,574,410 19,359,555
4X6 Waste Water Operating & CIP 7,589,089 11,979,140 6,447,351 14,036,440 13,588,076 3,657,094 10,379,346
416 King County Metro 3,316,310 16,638,722 9,233,496 12,549,806 16,638,722 8,960,810 3,588,996
4X7 Surface Water Operating & CIP 7,804,221 17,244,568 8,487,794 16,292,015 21,196,980 6,122,387 10,169,628
INTERNAL SERVICE FUNDS:35,221,104 37,224,840 22,234,562 57,455,666 36,727,348 19,572,347 37,883,319
501 Equipment Repair/Replacement 5,310,319 5,779,036 3,520,461 8,830,780 6,878,442 3,800,750 5,030,030
502 Insurance 12,069,311 5,641,647 3,678,274 15,747,585 3,594,578 2,368,812 13,378,773
503 Information Services 1,916,048 4,631,231 2,749,459 4,665,507 5,606,865 2,402,906 2,262,601
504 Facilities 1,154,089 4,954,325 2,877,880 4,031,969 5,115,716 2,592,724 1,439,245
505 Communications 383,969 992,431 584,597 968,566 991,430 443,344 525,222
512 Insurance, Healthcare 6,675,505 12,954,736 7,461,853 14,137,358 13,424,573 7,312,664 6,824,694
522 Insurance, Leoff1 Retirees HC 7,711,863 2,271,434 1,362,038 9,073,901 1,115,744 651,147 8,422,754
FIDUCIARY FUNDS:5,040,982 468,000 153,495 5,194,477 210,475 121,399 5,073,078
611 Firemen's Pension 5,040,982 468,000 153,495 5,194,477 210,475 121,399 5,073,078
TOTAL FUNDS 123,798,945 274,377,729 160,831,640 284,630,585 310,493,518 149,060,657 135,569,928
Page 13 of 36
City of Renton
General Government Financial Position
2015 Budget Year
General Government Summary
Revenues Expenditures
$ Difference
over (under)
w/beginning
balance
17,565,282
January 5,697,180 8,067,548 (2,370,368) 15,194,914
February 11,956,490 17,074,731 (5,118,241) 12,447,041
March 18,465,333 25,740,531 (7,275,198) 10,290,084
April 35,699,323 33,688,640 2,010,683 19,575,965
May 51,254,305 42,084,303 9,170,002 26,735,284
June 58,502,159 51,004,212 7,497,948 25,063,230
July 66,463,072 64,338,959 2,124,113 19,689,395
August
September
October
November
December
(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
‐
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
90,000,000
100,000,000
110,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Change in Fund
Balance
Rev/Exp Revenues
Expenditures
Change in Fund Balance
Page 14 of 36
City of Renton
Monthly Revenue Analysis ‐ 2015 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 5,741,881 5,697,180 ‐0.78%
Feb 12,058,105 11,956,490 ‐0.84%
Mar 18,474,798 18,465,333 ‐0.05%
Apr 33,331,883 35,699,323 7.10%
May 49,983,090 51,254,305 2.54%
Jun 55,989,669 58,502,159 4.49%
Jul 62,232,808 66,463,072 6.80%
Aug 68,674,474
Sep 75,108,141
Oct 91,031,294
Nov 105,811,430
Dec 113,245,760
Percent of budget 70.78%
Property Tax Budget
YTD
Actual
Annual %
over (under)
Jan 27,853 67,234 141.39%
Feb 320,628 374,240 16.72%
Mar 1,386,683 1,313,457 ‐5.28%
Apr 9,424,178 11,473,575 21.75%
May 17,968,476 19,057,443 6.06%
Jun 17,986,266 19,204,760 6.77%
Jul 18,513,875 19,270,155 4.08%
Aug 18,941,825
Sep 19,457,794
Oct 28,804,271
Nov 35,032,115
Dec 36,040,000
Percent of budget 53.47%
$‐
$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 15 of 36
City of Renton
Monthly Revenue Analysis ‐ 2015 Budget Year
Sales Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,930,372 1,966,653 1.88%
Feb 4,312,924 4,494,673 4.21%
Mar 6,156,744 6,366,163 3.40%
Apr 8,019,181 8,324,401 3.81%
May 10,179,318 10,538,752 3.53%
Jun 12,126,605 12,415,056 2.38%
Jul 14,093,945 14,503,117 2.90%
Aug 16,267,801
Sep 18,318,344
Oct 20,462,487
Nov 22,646,995
Dec 24,759,699
Percent of budget 58.58%
Note: Excludes CJ Sales Tax and Natural Gas Use Tax.
Utility Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,371,800 1,199,348 ‐12.57%
Feb 2,882,713 2,571,119 ‐10.81%
Mar 4,324,593 4,115,178 ‐4.84%
Apr 5,743,761 5,379,077 ‐6.35%
May 7,135,600 6,641,841 ‐6.92%
Jun 8,445,745 8,457,125 0.13%
Jul 9,632,402 10,632,292 10.38%
Aug 10,925,876
Sep 12,263,996
Oct 13,427,619
Nov 14,660,851
Dec 16,173,734
Percent of budget 65.74%
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 16 of 36
City of Renton
Monthly Revenue Analysis ‐ 2015 Budget Year
Licenses &
Permits Budget
YTD
Actual
Annual %
over (under)
Jan 401,666 299,656 ‐25.40%
Feb 703,556 583,727 ‐17.03%
Mar 936,587 784,273 ‐16.26%
Apr 1,341,646 1,164,263 ‐13.22%
May 1,662,501 1,377,137 ‐17.16%
Jun 2,022,387 1,717,718 ‐15.06%
Jul 2,361,559 2,571,810 8.90%
Aug 2,657,556
Sep 2,918,335
Oct 3,399,093
Nov 3,693,994
Dec 3,911,417
Percent of budget 65.75%
Note: GF only
Intergovt'l Budget
YTD
Actual
Annual %
over (under)
Jan 434,559 500,793 15.24%
Feb 1,046,944 1,144,443 9.31%
Mar 1,571,828 1,686,664 7.31%
Apr 2,644,504 2,889,749 9.27%
May 5,550,244 5,820,910 4.88%
Jun 6,251,743 6,536,174 4.55%
Jul 6,639,245 6,947,631 4.64%
Aug 7,298,611
Sep 7,999,550
Oct 8,984,237
Nov 12,573,419
Dec 13,251,387
Percent of budget 52.43%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
$‐
$2
$4
$6
$8
$10
$12
$14
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 17 of 36
City of Renton
Monthly Revenue Analysis ‐ 2015 Budget Year
Charges for
Services Budget
YTD
Actual
Annual %
over (under)
Jan 534,248 523,882 ‐1.94%
Feb 1,045,979 982,531 ‐6.07%
Mar 1,605,315 1,508,665 ‐6.02%
Apr 2,237,065 2,428,409 8.55%
May 2,787,340 2,895,781 3.89%
Jun 3,406,478 4,190,545 23.02%
Jul 4,183,462 5,100,073 21.91%
Aug 4,839,746
Sep 5,375,897
Oct 5,947,939
Nov 6,408,613
Dec 7,009,814
Percent of budget 72.76%
Note: Excludes FD25 & FD40 contracts
Fines &
Forfeits Budget
YTD
Actual
Annual %
over (under)
Jan 180,526 124,856 ‐30.84%
Feb 421,742 338,837 ‐19.66%
Mar 706,895 614,574 ‐13.06%
Apr 1,064,787 859,779 ‐19.25%
May 1,363,093 1,116,996 ‐18.05%
Jun 1,662,822 1,385,113 ‐16.70%
Jul 1,934,730 1,607,062 ‐16.94%
Aug 2,196,092
Sep 2,439,975
Oct 2,702,703
Nov 2,994,771
Dec 3,320,500
Percent of budget 48.40%
$‐
$1
$2
$3
$4
$5
$6
$7
$8
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 18 of 36
City of Renton
Monthly Revenue Analysis ‐ 2015 Budget Year
Other Taxes Budget
YTD
Actual
Annual %
over (under)
Jan 644,357 745,094 15.63%
Feb 1,048,477 1,061,217 1.22%
Mar 1,372,072 1,488,270 8.47%
Apr 2,360,868 2,456,370 4.05%
May 2,705,211 2,936,494 8.55%
Jun 3,242,156 3,511,086 8.29%
Jul 3,986,710 4,552,047 14.18%
Aug 4,377,660
Sep 4,721,202
Oct 5,563,642
Nov 5,934,771
Dec 6,359,000
Percent of budget 71.58%
Misc Budget
YTD
Actual
Annual %
over (under)
Jan 195,249 269,664 38.11%
Feb 274,641 405,203 47.54%
Mar 413,582 587,589 42.07%
Apr 492,674 720,482 46.24%
May 627,590 865,234 37.87%
Jun 841,751 1,080,863 28.41%
Jul 878,773 1,270,776 44.61%
Aug 999,306
Sep 1,421,798
Oct 1,526,803
Nov 1,632,153
Dec 2,165,209
Percent of budget 58.69%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
Millions Miscellaneous
Budget
Actual
Last Year
$‐
$1
$2
$3
$4
$5
$6
$7
Millions Other Taxes
Budget
Actual
Last Year
Page 19 of 36
City of Renton
Monthly Revenue Analysis ‐ 2015 Budget Year
Other
Financing Budget
YTD
Actual
Annual %
over (under)
Jan 21,250 ‐ 0.00%
Feb 500 500 0.00%
Mar 500 500 0.00%
Apr 3,218 3,218 0.00%
May 3,718 3,718 0.00%
Jun 3,718 3,718 0.00%
Jul 8,107 8,107 0.00%
Aug 170,000
Sep 191,250
Oct 212,500
Nov 233,750
Dec 255,000
Percent of budget 5372.51%
$0
$0
$0
$0
$0
$0
$0
Mi
l
l
i
o
n
s
Other Financing Sources
Budget
Actual
Last Year
Page 20 of 36
City of Renton
Monthly Revenue Analysis ‐ 2015 Budget Year
REET Budget
YTD
Actual
Annual %
over (under)
Jan 173,895 226,377 30.18%
Feb 495,032 384,994 ‐22.23%
Mar 761,342 728,573 ‐4.30%
Apr 1,309,602 1,167,058 ‐10.88%
May 1,625,320 1,561,072 ‐3.95%
Jun 2,129,952 2,039,258 ‐4.26%
Jul 2,513,969 2,602,732 3.53%
Aug 2,821,167
Sep 3,073,250
Oct 3,403,605
Nov 3,690,004
Dec 4,000,000
Percent of budget 65.07%
Bldg Permits
& Devlpmt Svc
Fees Budget
YTD
Actual
Annual %
over (under)
Jan 417,515 260,603 ‐37.58%
Feb 771,675 589,160 ‐23.65%
Mar 1,145,031 864,986 ‐24.46%
Apr 1,553,259 1,520,269 ‐2.12%
May 1,958,109 1,755,389 ‐10.35%
Jun 2,406,908 2,780,238 15.51%
Jul 2,740,646 3,653,786 33.32%
Aug 3,094,595
Sep 3,437,832
Oct 3,901,056
Nov 4,252,721
Dec 4,679,749
Percent of budget 78.08%
$‐
$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
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
Millions Building Permits and Development Service
Fees
Budget
Actual
Last Year
Page 21 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 8,870,600 8,067,548 ‐9.05%
Feb 17,801,905 17,074,731 ‐4.08%
Mar 26,364,534 25,740,531 ‐2.37%
Apr 35,014,766 33,688,640 ‐3.79%
May 43,621,787 42,084,303 ‐3.52%
Jun 52,637,381 51,004,212 ‐3.10%
Jul 66,034,196 64,338,959 ‐2.57%
Aug 76,924,507
Sep 86,678,596
Oct 96,121,914
Nov 105,536,315
Dec 116,735,570
Percent of budget expended 66.84%
Legislative Budget
YTD
Actual
Annual %
over (under)
Jan 26,298 32,033 21.81%
Feb 58,089 58,037 ‐0.09%
Mar 87,938 88,145 0.23%
Apr 115,765 113,635 ‐1.84%
May 142,930 140,500 ‐1.70%
Jun 171,000 166,120 ‐2.85%
Jul 198,534 191,473 ‐3.56%
Aug 225,314
Sep 252,423
Oct 279,819
Nov 307,043
Dec 335,838
Percent of budget expended 57.01%
$‐
$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 22 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
Executive Budget
YTD
Actual
Annual %
over (under)
Jan 103,164 80,465 ‐22.00%
Feb 247,755 200,055 ‐19.25%
Mar 394,565 319,885 ‐18.93%
Apr 549,627 443,641 ‐19.28%
May 694,977 568,027 ‐18.27%
Jun 826,471 687,127 ‐16.86%
Jul 971,091 814,282 ‐16.15%
Aug 1,120,544
Sep 1,257,659
Oct 1,400,057
Nov 1,537,283
Dec 1,714,717
Percent of budget expended 47.49%
City Attorney Budget
YTD
Actual
Annual %
over (under)
Jan 147,754 151,100 2.27%
Feb 300,008 294,916 ‐1.70%
Mar 452,011 443,297 ‐1.93%
Apr 612,052 599,643 ‐2.03%
May 767,231 753,544 ‐1.78%
Jun 934,548 908,816 ‐2.75%
Jul 1,092,795 1,062,566 ‐2.77%
Aug 1,255,535
Sep 1,423,372
Oct 1,584,730
Nov 1,745,168
Dec 2,001,421
Percent of budget expended 53.09%
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
Millions Executive
Budget
Actual
Last Year
$‐
$0.40
$0.80
$1.20
$1.60
$2.00
Millions City Attorney
Budget
Actual
Last Year
Page 23 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
Court Services Budget
YTD
Actual
Annual %
over (under)
Jan 166,668 151,935 ‐8.84%
Feb 338,869 313,414 ‐7.51%
Mar 511,393 477,408 ‐6.65%
Apr 696,880 641,217 ‐7.99%
May 869,244 810,280 ‐6.78%
Jun 1,056,245 994,496 ‐5.85%
Jul 1,234,390 1,162,369 ‐5.83%
Aug 1,409,269
Sep 1,584,709
Oct 1,758,480
Nov 1,925,555
Dec 2,148,553
Percent of budget expended 54.10%
CED Admin Budget
YTD
Actual
Annual %
over (under)
Jan 96,399 88,408 ‐8.29%
Feb 192,792 177,244 ‐8.06%
Mar 289,500 266,079 ‐8.09%
Apr 387,901 358,681 ‐7.53%
May 484,593 452,800 ‐6.56%
Jun 581,892 546,093 ‐6.15%
Jul 679,312 735,445 8.26%
Aug 776,605
Sep 874,091
Oct 971,695
Nov 1,068,592
Dec 1,177,608
Percent of budget expended 62.45%
$‐
$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 24 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
Development
Services Budget
YTD
Actual
Annual %
over (under)
Jan 245,642 201,493 ‐17.97%
Feb 478,377 427,863 ‐10.56%
Mar 728,947 653,820 ‐10.31%
Apr 1,000,731 867,751 ‐13.29%
May 1,246,791 1,086,324 ‐12.87%
Jun 1,492,934 1,300,030 ‐12.92%
Jul 1,738,076 1,514,993 ‐12.84%
Aug 2,000,285
Sep 2,223,932
Oct 2,468,126
Nov 2,708,274
Dec 2,964,321
Percent of budget expended 51.11%
Economic
Development Budget
YTD
Actual
Annual %
over (under)
Jan 105,386 43,127 ‐59.08%
Feb 152,275 122,554 ‐19.52%
Mar 230,941 171,373 ‐25.79%
Apr 312,564 228,439 ‐26.91%
May 381,359 278,258 ‐27.04%
Jun 468,634 326,497 ‐30.33%
Jul 571,804 375,085 ‐34.40%
Aug 668,297
Sep 758,365
Oct 846,244
Nov 929,468
Dec 1,053,786
Percent of budget expended 35.59%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
Millions
Development Services
Budget
Actual
Last Year
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions
Economic Development
Budget
Actual
Last Year
Page 25 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
Planning Budget
YTD
Actual
Annual %
over (under)
Jan 177,750 197,905 11.34%
Feb 377,402 398,110 5.49%
Mar 585,268 616,614 5.36%
Apr 801,453 829,531 3.50%
May 1,016,839 1,087,344 6.93%
Jun 1,242,681 1,325,058 6.63%
Jul 1,478,295 1,537,578 4.01%
Aug 1,726,181
Sep 1,971,643
Oct 2,223,724
Nov 2,452,676
Dec 2,714,466
Percent of budget expended 56.64%
Finance Budget
YTD
Actual
Annual %
over (under)
Jan 173,682 171,705 ‐1.14%
Feb 349,801 350,741 0.27%
Mar 535,847 531,013 ‐0.90%
Apr 732,791 711,350 ‐2.93%
May 925,150 907,912 ‐1.86%
Jun 1,177,529 1,245,394 5.76%
Jul 1,398,007 1,427,769 2.13%
Aug 1,642,462
Sep 1,853,414
Oct 2,043,444
Nov 2,229,526
Dec 2,795,120
Percent of budget expended 51.08%
$‐
$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
$3.00
Millions
Planning
Budget
Actual
Last Year
Page 26 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
City Clerk Budget
YTD
Actual
Annual %
over (under)
Jan 62,327 55,655 ‐10.71%
Feb 154,117 127,473 ‐17.29%
Mar 292,896 194,321 ‐33.66%
Apr 363,579 264,641 ‐27.21%
May 551,378 337,039 ‐38.87%
Jun 612,495 404,603 ‐33.94%
Jul 674,452 472,059 ‐30.01%
Aug 745,168
Sep 810,502
Oct 876,269
Nov 938,389
Dec 1,091,558
Percent of budget expended 43.25%
Includes Hearing Examiner
Human
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 92,234 66,108 ‐28.33%
Feb 191,724 156,267 ‐18.49%
Mar 299,478 256,191 ‐14.45%
Apr 419,831 366,906 ‐12.61%
May 520,778 462,817 ‐11.13%
Jun 633,337 560,008 ‐11.58%
Jul 740,272 659,471 ‐10.92%
Aug 851,182
Sep 962,393
Oct 1,068,605
Nov 1,178,873
Dec 1,316,577
Percent of budget expended 50.09%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
Millions Human Resources
Budget
Actual
Last Year
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions City Clerk
Budget
Actual
Last Year
Page 27 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
Police Budget
YTD
Actual
Annual %
over (under)
Jan 2,838,312 2,696,824 ‐4.98%
Feb 5,338,652 5,110,347 ‐4.28%
Mar 8,132,481 8,006,482 ‐1.55%
Apr 10,622,411 10,472,025 ‐1.42%
May 13,442,707 13,204,343 ‐1.77%
Jun 16,063,051 15,808,511 ‐1.58%
Jul 18,903,549 18,702,324 ‐1.06%
Aug 21,421,969
Sep 24,280,565
Oct 26,807,764
Nov 29,604,248
Dec 32,571,356
Percent of budget expended 57.42%
Fire &
Emergency
Services Budget
YTD
Actual
Annual %
over (under)
Jan 2,492,921 2,067,851 ‐17.05%
Feb 5,128,345 5,131,944 0.07%
Mar 7,252,690 7,236,866 ‐0.22%
Apr 9,384,058 9,250,808 ‐1.42%
May 11,422,752 11,360,848 ‐0.54%
Jun 13,549,804 13,459,450 ‐0.67%
Jul 15,728,121 15,607,269 ‐0.77%
Aug 18,088,845
Sep 20,238,248
Oct 22,409,217
Nov 24,560,558
Dec 26,890,757
Percent of budget expended 58.04%
$‐
$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 28 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
Community
Services Admin Budget
YTD
Actual
Annual %
over (under)
Jan 43,966 41,417 ‐5.80%
Feb 90,262 84,599 ‐6.27%
Mar 139,409 131,187 ‐5.90%
Apr 186,134 173,595 ‐6.74%
May 230,632 211,318 ‐8.37%
Jun 276,022 247,147 ‐10.46%
Jul 322,391 290,564 ‐9.87%
Aug 367,593
Sep 412,944
Oct 457,663
Nov 506,080
Dec 560,787
Percent of budget expended 51.81%
Parks Budget
YTD
Actual
Annual %
over (under)
Jan 325,659 291,345 ‐10.54%
Feb 673,002 618,104 ‐8.16%
Mar 1,027,206 958,044 ‐6.73%
Apr 1,412,601 1,289,256 ‐8.73%
May 1,804,734 1,638,570 ‐9.21%
Jun 2,226,430 2,010,536 ‐9.70%
Jul 2,682,332 2,473,410 ‐7.79%
Aug 3,178,173
Sep 3,648,648
Oct 4,090,791
Nov 4,476,422
Dec 4,870,254
Percent of budget expended 50.79%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
Millions Parks
Budget
Actual
Last Year
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
Community Services Admin
Budget
Actual
Last Year
Page 29 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
Parks Planning
and Natural
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 55,675 46,145 ‐17.12%
Feb 115,072 93,550 ‐18.70%
Mar 187,578 151,169 ‐19.41%
Apr 256,383 208,488 ‐18.68%
May 340,506 283,762 ‐16.66%
Jun 408,125 338,895 ‐16.96%
Jul 488,654 418,287 ‐14.40%
Aug 564,003
Sep 646,544
Oct 724,329
Nov 807,560
Dec 999,004
Percent of budget expended 41.87%
Recreation Budget
YTD
Actual
Annual %
over (under)
Jan 314,595 338,282 7.53%
Feb 674,027 685,764 1.74%
Mar 1,038,567 1,048,007 0.91%
Apr 1,416,679 1,422,635 0.42%
May 1,774,643 1,795,232 1.16%
Jun 2,177,027 2,207,568 1.40%
Jul 2,840,460 2,820,946 ‐0.69%
Aug 3,538,644
Sep 4,068,609
Oct 4,421,871
Nov 4,779,294
Dec 5,200,923
Percent of budget expended 54.24%
$‐
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
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 30 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
Human
Services Budget
YTD
Actual
Annual %
over (under)
Jan 48,370 46,455 ‐3.96%
Feb 140,421 95,909 ‐31.70%
Mar 241,783 251,898 4.18%
Apr 375,238 410,324 9.35%
May 457,411 470,636 2.89%
Jun 516,776 548,427 6.12%
Jul 651,597 685,824 5.25%
Aug 738,983
Sep 789,632
Oct 933,439
Nov 1,005,972
Dec 1,199,977
Percent of budget expended 57.15%
Neighborhoods
, Resources,
and Events Budget
YTD
Actual
Annual %
over (under)
Jan 71,877 57,115 ‐20.54%
Feb 160,969 132,128 ‐17.92%
Mar 234,444 197,567 ‐15.73%
Apr 308,166 257,014 ‐16.60%
May 375,327 324,365 ‐13.58%
Jun 462,220 401,711 ‐13.09%
Jul 579,552 520,522 ‐10.19%
Aug 670,339
Sep 750,598
Oct 831,121
Nov 918,936
Dec 1,036,841
Percent of budget expended 50.20%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions Human Services
Budget
Actual
Last Year
$‐
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
Neighborhoods, Resources, and Events
Budget
Actual
Last Year
Page 31 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
Museum Fund Budget
YTD
Actual
Annual %
over (under)
Jan 18,126 18,605 2.64%
Feb 36,275 37,516 3.42%
Mar 54,386 56,379 3.67%
Apr 73,431 75,445 2.74%
May 92,462 94,299 1.99%
Jun 111,827 113,004 1.05%
Jul 131,075 131,778 0.54%
Aug 150,608
Sep 169,866
Oct 189,289
Nov 208,614
Dec 227,761
Percent of budget expended 57.86%
Public Works
Admin Budget
YTD
Actual
Annual %
over (under)
Jan 34,823 31,422 ‐9.77%
Feb 69,626 64,809 ‐6.92%
Mar 104,435 96,942 ‐7.17%
Apr 141,243 128,823 ‐8.79%
May 175,830 161,020 ‐8.42%
Jun 208,809 193,206 ‐7.47%
Jul 240,160 225,570 ‐6.08%
Aug 271,809
Sep 303,553
Oct 334,125
Nov 364,445
Dec 395,867
Percent of budget expended 56.98%
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
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 32 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
Street
Maintenance Budget
YTD
Actual
Annual %
over (under)
Jan 382,448 387,644 1.36%
Feb 810,592 784,009 ‐3.28%
Mar 1,196,298 1,213,907 1.47%
Apr 1,694,724 1,612,472 ‐4.85%
May 2,115,430 2,027,380 ‐4.16%
Jun 2,545,047 2,452,514 ‐3.64%
Jul 2,969,351 2,920,408 ‐1.65%
Aug 3,394,715
Sep 3,834,705
Oct 4,322,555
Nov 4,746,267
Dec 5,186,713
Percent of budget expended 56.31%
Transportation Budget
YTD
Actual
Annual %
over (under)
Jan 342,755 300,741 ‐12.26%
Feb 756,805 642,729 ‐15.07%
Mar 1,159,250 1,186,713 2.37%
Apr 1,721,150 1,532,946 ‐10.93%
May 2,085,812 1,925,413 ‐7.69%
Jun 2,447,685 2,312,208 ‐5.53%
Jul 2,855,673 2,724,715 ‐4.59%
Aug 3,315,075
Sep 3,658,906
Oct 4,074,919
Nov 4,433,073
Dec 5,076,998
Percent of budget expended 53.67%
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
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 33 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
Debt Service Budget
YTD
Actual
Annual %
over (under)
Jan 48,139 48,139 0.00%
Feb 298,456 298,456 0.00%
Mar 298,456 298,456 0.00%
Apr 315,231 315,231 0.00%
May 298,751 298,751 0.00%
Jun 814,758 814,758 0.00%
Jul 1,072,897 1,072,897 0.00%
Aug 4,309,059
Sep 4,847,691
Oct 5,386,323
Nov 5,924,956
Dec 6,463,588
Percent of budget expended 16.60%
Non‐
Departmental
Other City Budget
YTD
Actual
Annual %
over (under)
Jan 455,629 455,629 0.00%
Feb 668,193 668,193 0.00%
Mar 888,765 888,765 0.00%
Apr 1,114,142 1,114,142 0.00%
May 1,403,520 1,403,520 0.00%
Jun 1,632,035 1,632,035 0.00%
Jul 5,791,355 5,791,355 0.00%
Aug 4,493,852
Sep 5,055,583
Oct 5,617,315
Nov 6,179,046
Dec 6,740,778
Percent of budget expended 85.92%
$‐
$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 34 of 36
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2015 Budget Year
Utilities Budget Revenue Expense
Jan 5,199,392 5,924,339 3,255,611
Feb 11,168,377 11,761,602 9,177,660
Mar 17,399,993 18,199,879 13,336,961
Apr 23,282,829 24,382,710 16,788,962
May 29,815,221 30,878,316 22,688,463
Jun 37,340,357 37,437,155 29,803,028
Jul 45,172,785 44,703,712 33,891,138
Aug 52,345,600
Sep 60,520,029
Oct 67,617,877
Nov 74,232,293
Dec 88,898,298
Percent of budget expended 31.60%
Note: Operations and Capital
Airport Budget Revenue Expense
Jan 384,243 211,809 77,274
Feb 1,672,027 801,118 211,920
Mar 4,340,484 1,176,025 1,153,469
Apr 4,991,541 1,410,614 1,457,521
May 6,180,175 2,385,348 2,167,372
Jun 6,825,138 2,633,309 2,397,844
Jul 8,638,312 2,841,764 2,666,191
Aug 9,349,977
Sep 11,578,029
Oct 12,523,403
Nov 14,062,517
Dec 16,469,927
Percent of budget expended 16.19%
Note: Operations and Capital
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
Millions Utilities
Budget
Revenue
Expense
$‐
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
$18.00
Millions Airport
Budget
Revenue
Expense
Page 35 of 36
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2015 Budget Year
Golf Course Budget Revenue Expense
Jan 136,222 86,725 126,955
Feb 267,568 192,539 271,231
Mar 424,001 356,415 452,194
Apr 608,130 576,883 608,006
May 756,759 835,706 774,384
Jun 959,820 1,183,367 956,202
Jul 1,153,686 1,502,346 1,166,019
Aug 1,493,111
Sep 1,741,845
Oct 1,899,744
Nov 2,046,993
Dec 2,616,052
Percent of budget expended 44.57%
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