HomeMy WebLinkAbout201509, September.pdfADMINISTRATIVE SERVICES
DEPARTMENT
M E M O R A N D U M
DATE: November 2, 2015
TO: Ed Prince, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: September 2015 Financial Status Report
At the end of September, general governmental revenues show $3.5 million or 4.6% over
budget. Revenue sources that are higher than expected are: property tax ($469k); sales tax
($788k); sales tax annexation credit ($183k); state shared revenues ($408k); franchise fees
($101k); gambling taxes ($532k); real estate excise taxes ($178k); building permits &
development service fees ($1.3 million); public safety ($168k); interest/other earnings ($164k);
and other miscellaneous ($177k). On the down side, the revenue sources that are
underperforming the year to date budget are: utility taxes ($501k below); fines/penalties
($280k below) and seizure funds ($128k below, restricted to drug enforcement only and is not
available for general operating purposes).
General government expenditures showed a favorable variance of $2.4 million or 2.8%. 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
$%
Beginning Fund Balance 15,575,840$ 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 17,560,252 35,295,390 19,063,243 36,040,000 19,457,794 19,926,497 468,703 2.4%
Sales Tax 20,416,372 15,137,125 21,512,379 15,848,576 22,239,731 16,456,354 17,244,509 788,156 4.8%
Sales Tax ‐ Annexation Credit 2,418,789 1,794,409 2,542,394 1,871,383 2,519,968 1,861,991 2,044,990 182,999 9.8%
Criminal Justice Sales Tax 2,091,174 1,539,899 2,267,947 1,667,795 2,305,519 1,696,534 1,835,781 139,247 8.2%
Natural Gas Use Tax 263,660 215,644 271,485 226,754 300,000 250,570 177,681 (72,889) ‐29.1%
Admission Tax 327,258 240,300 310,311 233,681 320,000 237,894 234,588 (3,306) ‐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 3,914,651 5,167,444 3,921,538 5,365,536 4,072,886 3,695,020 (377,866) ‐9.3%
Natural Gas Utility Tax 1,550,900 1,202,418 1,562,341 1,252,156 1,550,900 1,222,777 1,116,417 (106,359) ‐8.7%
Garbage/Solid Waste 397,596 308,417 573,457 432,124 400,000 305,047 459,208 154,162 50.5%
TV Cable 1,481,779 1,089,195 1,518,821 1,123,450 1,579,365 1,164,625 1,176,035 11,410 1.0%
Telephone 917,021 698,254 909,088 686,565 952,500 722,323 670,815 (51,508) ‐7.1%
Cellular Phone 2,050,312 1,542,260 1,951,925 1,398,185 1,967,056 1,445,197 1,255,104 (190,093) ‐13.2%
City Utilities 3,964,989 3,009,627 3,961,052 3,006,754 4,058,377 3,080,572 3,201,078 120,506 3.9%
Utility Tax Audit ‐ ‐ 460,513 460,513 1,434,000 1,434,000 1,446,078 12,078 0.8%
Leasehold Excise Tax 164,637 94,965 171,470 101,390 179,000 104,572 94,334 (10,238) ‐9.8%
Gambling Excise Tax 1,319,585 941,208 1,650,384 1,188,994 1,600,000 1,147,595 1,679,181 531,586 46.3%
Real Estate Excise Tax 4,131,665 2,268,082 4,348,762 3,596,857 4,000,000 3,156,396 3,334,347 177,950 5.6%
Less: CIP REET (700,000) (436,184) (1,650,000) (682,151) (1,000,000) (833,587) (833,587) ‐ 0.0%
EMS Levy 916,361 458,181 916,361 676,175 920,000 468,203 468,203 ‐ 0.0%
Business License Fees 2,911,691 2,177,648 2,965,850 2,217,659 3,006,000 2,247,962 2,352,641 104,679 4.7%
Less: CIP Business License Fees (2,407,925) (1,801,433) (2,450,295) (1,833,433) (2,500,000) (1,870,472) (1,946,178) (75,706) 4.0%
Animal Licenses and Spec Events Permits 99,411 83,715 95,698 81,599 91,000 76,997 81,505 4,508 5.9%
Building Permits & Development Svc Fees 4,001,625 2,820,054 4,519,234 3,431,861 4,679,749 3,437,832 4,694,970 1,257,138 36.6%
Intergovt'l (Grants, State Shared, etc) 3,863,974 3,016,992 4,522,540 3,425,085 3,909,542 2,629,271 2,891,843 262,572 10.0%
Fire District 25 and 40 Contracts 5,726,895 3,018,575 5,959,428 3,208,552 6,116,326 3,342,129 3,342,129 ‐ 0.0%
Public Safety 680,581 496,475 844,375 550,341 513,081 352,422 519,935 167,513 47.5%
Culture and Recreation 1,494,580 1,282,229 1,485,123 1,346,998 1,580,616 1,394,702 1,428,468 33,766 2.4%
Interfund/Interdept‐Services 3,464,913 2,662,001 3,270,503 2,496,042 3,221,947 2,416,460 2,340,319 (76,142) ‐3.2%
Fines and Penalties 1,137,140 790,356 962,977 747,208 1,126,500 824,397 589,076 (235,321) ‐28.5%
Photo Enforcement 1,629,524 1,314,189 1,719,971 1,152,252 2,194,000 1,615,578 1,570,585 (44,993) ‐2.8%
Seizure Funds ‐ Federal/State/Local 50,639 34,876 68,870 59,352 180,693 142,469 14,671 (127,798) ‐89.7%
Interests and Other Earnings 423,609 79,852 981,630 491,442 875,300 355,849 519,421 163,571 46.0%
Rents, Leases, and Concessions 734,530 636,377 711,070 635,825 710,216 625,026 657,862 32,836 5.3%
Contributions and Donations 84,320 73,345 113,626 83,499 112,000 88,744 94,424 5,680 6.4%
Other Miscellaneous 684,187 529,590 879,105 604,216 705,369 515,821 693,084 177,263 34.4%
Other Financing Sources (Transfer‐In, etc) 299,527 20,415 48,632 27,482 255,000 7,607 7,607 0 0.0%
Total Operating Revenues 105,545,527 69,756,998 111,782,133 75,770,901 114,769,291 76,562,869 80,087,858 3,524,989 4.6%
OPERATING EXPENDITURES
Council 289,911 216,073 309,317 234,318 335,838 252,423 242,364 10,059 4.0%
Executive 1,240,910 919,138 1,338,738 972,904 1,714,717 1,257,659 1,239,205 18,454 1.5%
City Attorney 1,922,225 1,315,727 1,829,254 1,352,254 2,001,421 1,423,372 1,381,137 42,236 3.0%
Court Services 2,003,104 1,468,967 2,016,273 1,495,607 2,157,721 1,591,471 1,502,782 88,689 5.6%
Community and Eco Dvlpmnt Admin 1,047,860 771,885 1,010,761 756,148 1,177,608 874,091 914,918 (40,826) ‐4.7%
Development Services 3,243,702 2,425,328 2,659,078 2,003,133 2,954,321 2,216,430 1,959,658 256,772 11.6%
Economic Development 467,511 341,333 654,007 465,775 1,063,786 765,561 488,183 277,378 36.2%
Planning 1,510,707 1,133,145 2,095,706 1,486,360 2,714,466 1,971,643 1,965,628 6,014 0.3%
Finance 2,274,147 1,491,143 2,644,827 1,770,575 3,167,120 2,100,083 2,041,642 58,441 2.8%
City Clerk 1,020,822 830,214 1,152,246 783,328 1,091,558 810,502 618,893 191,609 23.6%
Human Resources 904,182 658,189 922,668 677,205 1,316,577 962,393 846,717 115,676 12.0%
Police 24,946,784 18,763,787 26,383,640 19,466,352 28,371,356 21,130,565 20,949,453 181,112 0.9%
Jail Services 3,814,042 2,860,536 3,760,273 2,820,696 4,200,000 3,107,600 3,107,600 ‐ 0.0%
Fire 24,444,372 18,346,018 25,240,760 19,047,501 26,890,757 20,238,248 19,870,338 367,909 1.8%
Community Services Admin 452,146 336,859 480,727 350,076 560,787 412,944 377,704 35,240 8.5%
Parks 4,024,756 3,002,198 4,070,181 3,062,286 4,870,254 3,648,648 3,293,368 355,279 9.7%
Parks Planning & Natural Resources 829,250 484,402 722,739 520,028 999,004 646,544 564,806 81,738 12.6%
Recreation 4,846,970 3,822,962 4,823,195 3,741,873 5,200,923 4,068,609 3,939,814 128,796 3.2%
Human Services 1,162,330 749,137 1,159,189 778,514 1,204,977 792,922 832,688 (39,765) ‐5.0%
Neighborhoods, Resources, & Events 770,841 582,563 875,223 609,069 1,036,841 750,598 708,481 42,118 5.6%
Museum 209,387 157,141 214,291 158,841 227,761 169,866 170,064 (198) ‐0.1%
Public Works Admin 426,312 333,688 389,493 291,876 395,867 303,553 291,848 11,705 3.9%
Street Maintenance 3,814,132 2,856,379 4,503,315 3,292,979 5,186,713 3,834,705 3,791,733 42,972 1.1%
Transportation 4,476,854 3,219,909 4,263,725 3,079,278 5,166,529 3,723,430 3,565,364 158,066 4.2%
Debt Service 8,048,508 2,058,808 8,393,140 2,319,244 6,459,484 1,323,214 1,323,214 0 0.0%
Non‐Departmental and Other 5,475,340 3,192,930 9,758,346 7,262,067 6,740,778 6,107,821 6,107,821 ‐ 0.0%
Total Operating Expenditures 103,667,105 72,338,457 111,671,112 78,798,286 117,207,165 84,484,896 82,095,423 2,389,473 2.8%
Total Ending Fund Balance 17,454,262$ 12,994,380$ 17,565,283$ 14,426,877$ 15,127,407$ 9,643,255$ 15,557,717$ 5,914,462$ 61.3%
Summary of Sources and Uses Annual Actual YTD Actual Favorable (Unfavorable)
2013 2014 2015 Variance
Annual Actual YTD Actual Annual Budget YTD Budget YTD Actual
Monthly Financial Report September 2015
Page 1 of 37
Monthly Financial Report September 2015
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through September 30, 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 72% of all
resources supporting general governmental activities. The following section provides detail information on property, sales,
utility, and other taxes.
Property Tax
September’s collection is $562k,
making the total year‐to‐date
collection $20 million or 55.3% of
the total budget. In comparison
to the previous year, the City
collected $863k or 5% more.
Compared to the budget, the City
is above projections by $469k or
2%. 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
September 2015 sales tax receipts
totalled $2.1 million. Compared
with the same month last year, it
is $251k or 14% more. Compared
to the projected current month’s
budget, it is $266k or 15% above.
The year‐to‐date collection of
$17.2 million is $1.4 million or 9%
more than the prior year and is
also $788k or 5% 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 94,817 (84,119) ‐47% (333,134) ‐78%
Sep 574,579 515,969 561,525 (13,054) ‐2% 45,556 9%
Oct 11,777,175 9,346,477
Nov 4,051,387 6,227,843
Dec 403,584 1,007,885
YTD Total 19,063,243$ 19,457,794$ 19,926,497$ 863,254$ 5% 468,703$ 2%
Annual Total 35,295,390$ 36,040,000$
Property Tax Revenues
Year to Date through September
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 2,178,289 148,128 7% 237,908 12%
Sep 1,849,720 1,834,221 2,100,591 250,871 14% 266,369 15%
Oct 1,869,025 1,923,863 ‐
Nov 1,952,887 1,959,088 ‐
Dec 1,841,892 1,900,427 ‐
YTD Total 15,848,576$ 16,456,354$ 17,244,509$ 1,395,933$ 9% 788,156$ 5%
Annual Total 21,512,379$ 22,239,731$
2015 vs. Budget2015 vs. 2014
Month
Year to Date through September
Local Retail Sales Tax Revenues
Page 2 of 37
Monthly Financial Report September 2015
The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business
sectors:
Utility tax
September utility tax revenues
are $1.2 million, which is $8k or
1% higher than the same month
last year but is behind the budget
by $124k or 9%. The year‐to‐date
collection is $13.2 million, which
is $689k or 6% higher than the
prior year but is $501k or 4%
lower than the budget. 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 2,620,657 2,175,167 648,538 42% (445,490) ‐17%
Aug 1,270,116 1,293,475 1,351,000 80,884 6% 57,525 4%
Sep 1,206,313 1,338,119 1,214,144 7,831 1% (123,976) ‐9%
Oct 1,202,725 1,163,623
Nov 1,170,266 1,233,232
Dec 1,495,099 1,512,883
YTD Total 12,508,038$ 13,697,996$ 13,197,436$ 689,398$ 6% (500,560)$ ‐4%
Annual Total 16,376,127$ 17,607,734$
2015 vs. Budget2015 vs. 2014
Year to Date through September
Utility Tax Revenues
Month
Sales Tax by Sector 2014 2015 Bgt YTD Act Change 2015/2014 2015 Act vs Bgt
New Construction 1,609,946$ 1,836,791$ 2,071,656$ 461,710$ 29%$ 234,865 13%
Auto Sales 3,018,476 3,152,685 3,383,156 364,680 12% 230,471 7%
General Retail 4,934,565 5,030,663 5,292,860 358,294 7% 262,197 5%
Manufacturing 1,581,958 1,557,278 1,327,010 (254,948) ‐16% (230,268)‐15%
Wholesale 853,505 865,406 890,964 37,459 4% 25,558 3%
Service 3,402,227 3,469,190 3,849,009 446,781 13% 379,819 11%
Other 447,898 544,340 429,855 (18,044) ‐4% (114,485)‐21%
YTD Total 15,848,576$ 16,456,354$ 17,244,509$ 1,395,933$ 9%788,156$ 5%
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 3,921,538$ 4,072,886$ 3,695,020$ (226,518)$ ‐6%$ (377,866)‐9%
Natural Gas 1,478,910 1,473,347 1,294,098 (184,812) ‐12% (179,249)‐12%
Cell 1,398,185 1,445,197 1,255,104 (143,081) ‐10% (190,093)‐13%
Phone 686,565 722,323 670,815 (15,750) ‐2% (51,508)‐7%
Cable 1,123,450 1,164,625 1,176,035 52,585 5% 11,410 1%
Garbage/Solid Waste 432,124 305,047 459,208 27,084 6% 154,162 51%
City Utilities 3,006,754 3,080,572 3,201,078 194,324 6% 120,506 4%
Utility Tax Audit 460,513 1,434,000 1,446,078 985,565 214% 12,078 1%
YTD Total 12,508,038$ 13,697,996$ 13,197,436$ 689,398$ 6%(500,560)$ ‐4%
Annual Total 16,376,127$ 17,607,734$
YTD as % of 76% 78%
Page 3 of 37
Monthly Financial Report September 2015
Other Taxes
Real Estate Excise Tax
The City collected $450k in Real
Estate Excise Tax revenues (REET)
for September. This is $184k or
69% more than the same month
last year and is $131k or 41%
more than the current month’s
budget. The year‐to‐date
collection is $3.3 million, which is
$263k or 7% less than the prior
year but is $178k or 6% above the
budget. The higher than expected
variance is due to 18 large
transactions in February, March,
April, May, June and August which
accounts for $667k of the total
REET collected. The City is
projecting REET to be very close to the budget at year‐end.
Gambling Tax
September’s Gambling Tax
collections totalled $181k, which
is $42k or 30% above the same
month last year and is also above
the current month’s budget by
$43k or 31%. The year‐to‐date
total of $1.7 million is $490k or
41% above the prior year and is
also $532k or 46% above budget.
$77k of the year‐to‐date
collections are from a payment
plan of back taxes earned in
2013/2014. Gambling taxes have
exceeded the current budget, but
the City is adjusting the budget in
the upcoming 2015/2016 Mid‐
Biennial Budget Amendment.
Pull tabs overall had a 10% increase, bingo had a 22% decrease, and card‐rooms are seeing 58% 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 346,677 324,185 281,921 (64,756) ‐19% (42,264) ‐13%
Sep 265,534 318,242 449,693 184,160 69% 131,452 41%
Oct 436,050 313,822
Nov 223,675 265,639
Dec 92,179 264,143
YTD Total 3,596,857$ 3,156,396$ 3,334,347$ (262,511)$ ‐7% 177,950$ 6%
Annual Total 4,348,762$ 4,000,000$
Real Estate Excise Tax Revenues
Year to Date through September
Month
2015 vs. Budget2015 vs. 2014
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 130,381 124,075 226,785 96,404 74% 102,710 83%
Sep 139,444 137,724 180,986 41,542 30% 43,262 31%
Oct 155,499 144,185 ‐
Nov 156,921 146,442 ‐
Dec 148,970 161,778 ‐
YTD Total 1,188,994$ 1,147,595$ 1,679,181$ 490,187$ 41% 531,586$ 46%
Annual Total 1,650,384$ 1,600,000$
Gambling Tax Revenue
Month
Year to Date through September
2015 vs. Budget2015 vs. 2014
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$
Month
2015 vs. 2014 2015 vs. Budget
Franchise Fees Revenue
Year to Date through September
Page 4 of 37
Monthly Financial Report September 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 $586k in
September. The year‐to‐date
development fees revenue of $4.7
million is $1.3 million or 37%
more than the year before and is
also $1.3 million or 37% 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 has met the
budget for building permits and
development service fees but we are adjusting the budget in the upcoming 2015/2016 Mid‐Biennial Budget Amendment.
Business Licenses
Business Licenses totalled $29k
for September, which is $646 or
2% above the same month last
year and is also $2k or 9% above
the current month’s budget. The
year‐to‐date Business Licenses
revenue of $2.4 million is $135k
or 6% above the prior year and is
above the budget by $105k 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$ 237,894$ 234,588$ 1,053$ 0% (3,195)$ ‐1%
Annual Total 310,311$ 320,000$
2015 vs. Budget
Admission Tax Revenue
Year to Date through September
Month
2015 vs. 2014
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 300,184 353,949 454,971 154,787 52% 101,022 29%
Sep 369,040 343,237 586,213 217,173 59% 242,976 71%
Oct 393,023 463,224
Nov 239,983 351,665
Dec 454,368 427,027
YTD Total 3,431,861$ 3,437,832$ 4,694,970$ 1,263,109$ 37% 1,257,138$ 37%
Annual Total 4,519,234$ 4,679,749$
Year to Date through September
2015 vs. Budget2015 vs. 2014
Month
Building Permits and Development Service Fees
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 95,938 134,518 134,328 38,390 40% (190) 0%
Sep 28,686 27,016 29,333 646 2% 2,317 9%
Oct 619,492 640,673 ‐
Nov 108,061 95,071 ‐
Dec 20,639 22,294 ‐
YTD Total 2,217,659$ 2,247,962$ 2,352,641$ 134,982$ 6% 104,679$ 5%
Annual Total 2,965,850$ 3,006,000$
*Total Business License (GF & CIP)
2015 vs. 2014
Year to Date through September
2015 vs. Budget
Business Licenses*
Month
Page 5 of 37
Monthly Financial Report September 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 85% of the total
revenues in this category.
The year‐to‐date total Intergovernmental revenue is $8.5 million or 64% of the budget.
State Shared Revenues
State Shared Revenue
collections totalled $3.9
million since the start of the
year. Compared to the
prior year, State Shared
Revenues are above by
$165k or 4%. Compared to
the projected budget, the
City is collecting $408k 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. The City is also starting to get State distributions of Marijuana Enforcement.
Charges for Services
These revenue sources consist of general government, public safety, plan review and inspection, culture and recreation, and
interfund/interdepartmental sales and services. Recreation and interfund/interdepartmental sales and services constitute 59%
of the total revenue in this category. The year‐to‐date total charges for services are $6.4 million or 90% of the budget. The
following sections provide detail information for Public Safety, Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totalled
$520k 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 $32k or 6% less.
Compared to the year‐to‐date
budget, the City is over budget by
$168k or 48%. The large January
2014 variance is due to the timing
of when Valley Narcotics
Enforcement Team (VNET)
2014 2015 2015
ActualBudgetActual $%$%
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 59,046 (5,155) ‐8% 23,109 64%
Sep 44,169 31,301 23,104 (21,065) ‐48% (8,197) ‐26%
Oct 190,822 91,374 ‐
Nov 37,507 29,303 ‐
Dec 65,704 39,982 ‐
YTD Total 552,375$ 352,422$ 519,935$ (32,440)$ ‐6% 167,513$ 48%
Annual Total 846,409$ 513,081$
2015 vs. Budget
Month
2015 vs. 2014
Year to Date through September
Public Safety Services
Intergovernmental 2014 2015 Bgt YTD Act Change 2015/2014 2015 Act vs Bgt
Fire District #25 646,811$ 655,274$ 655,274$ 8,463$ 1% $ ‐ 0%
Fire District #40 2,559,708 2,686,855 2,686,855 127,147 5%‐ 0%
State Shared Revenue 3,729,973 3,487,098 3,895,149 165,176 4% 408,051 12%
Federal Grants 1,172,946 624,798 624,797 (548,148) ‐47%‐ 0%
State Grants 41,174 39,894 39,894 (1,280) ‐3%‐ 0%
Other Grants/Intgovt 148,789 642,219 635,986 487,198 327% (6,233) ‐1%
ARRA Grants ‐ 0 ‐ ‐ N/A ‐ 0%
Total Rev YTD 8,299,399$ 8,136,137$ 8,537,955$ 238,557$ 3%401,818$ 5%
Total Rev Annual 13,664,242$ 13,251,387$
YTD %61% 61% 64%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
2014 2015 2015
Actual Budget Actual $ % $ %
Crim Just Sales Tax 1,667,795$ 1,696,534$ 1,835,781$ 167,986$ 10% 139,247$ 8%
Judicial Contribution 16,968 ‐ 16,390 (578) ‐3% 16,390 100%
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%
Marijuana Enforcement ‐ ‐ 2,929 2,929 100% 2,929 100%
Liquor Profits 636,899 637,611 638,833 1,934 0% 1,222 0%
Liquor Excise Tax 132,726 120,345 153,491 20,764 16% 33,146 28%
Fuel Tax 985,238 936,037 1,020,959 35,721 4% 84,922 9%
YTD Total 3,729,973$ 3,487,098$ 3,895,149$ 165,176$ 4% 408,051$ 12%
Annual Total 5,045,728$ 4,777,519$
State Shared Revenues
2015 vs. 2014
Revenue
Year to Date through September
2015 vs. Budget
Page 6 of 37
Monthly Financial Report September 2015
contributions are receipted. The 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 has met the budget
for public safety services.
Recreation
Recreation revenues totalled
$120k for the current month.
Compared to the same month the
prior year, the City collected $611
or 1% more. Compared to the
projected monthly budget, the
City collected $9k or 7% less. The
year‐to‐date collection of $1.4
million is $81k or 6% higher than
the year before and is also $34k
or 2% higher 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 $100k in class revenues to
be recognized as soon as the classes begin. The City is projecting recreation revenues to be very close with the budget at year‐
end.
Interfund Services
The year‐to‐date collections for
Interfund Services revenues are
$2.3 million. Compared to the
prior year, the revenues are under
by $156k or 6%. Compared to the
projected budget, the revenues
are below by $76k or 3%. 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 245,982 239,664 313,197 67,215 27% 73,533 31%
Sep 119,109 128,721 119,720 611 1% (9,001) ‐7%
Oct 72,614 82,910 ‐
Nov 36,383 54,128 ‐
Dec 29,129 48,876 ‐
YTD Total 1,346,998$ 1,394,702$ 1,428,468$ 81,470$ 6% 33,766$ 2%
Annual Total 1,485,123$ 1,580,616$
2015 vs. Budget2015 vs. 2014
Month
Recreation
Year to Date through September
2014 2015 2015
Actual Budget Actual $ % $ %
Jan 301,808$ 268,496$ 265,068$ (36,741)$ ‐12% (3,428)$ ‐1%
Feb 257,027 268,496 264,413 7,386 3% (4,083) ‐2%
Mar 287,465 268,496 260,071 (27,393) ‐10% (8,424) ‐3%
Apr 295,489 268,496 248,466 (47,023) ‐16% (20,030) ‐7%
May 269,032 268,496 260,774 (8,259) ‐3% (7,722) ‐3%
Jun 277,620 268,496 292,480 14,860 5% 23,985 9%
Jul 244,707 268,496 252,451 7,744 3% (16,045) ‐6%
Aug 284,344 268,496 248,774 (35,570) ‐13% (19,721) ‐7%
Sep 278,550 268,496 247,822 (30,728) ‐11% (20,674) ‐8%
Oct 256,662 268,496 ‐
Nov 254,192 268,496 ‐
Dec 263,607 268,496 ‐
YTD Total 2,496,042$ 2,416,460$ 2,340,319$ (155,724)$ ‐6% (76,142)$ ‐3%
Annual Total 3,270,503$ 3,221,947$
2015 vs. Budget
Month
Interfund Services
Year to Date through September
2015 vs. 2014
Page 7 of 37
Monthly Financial Report September 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
$2.2 million. This is $260k or 14%
higher than a year ago but is
$280k or 11% 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 $1.6 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 258,728 261,362 280,257 21,529 8% 18,895 7%
Sep 247,480 243,883 272,343 24,862 10% 28,460 12%
Oct 239,990 262,728
Nov 287,406 292,068
Dec 256,092 325,729
YTD Total 1,899,460$ 2,439,975$ 2,159,661$ 260,201$ 14% (280,314)$ ‐11%
Annual Total 2,682,948$ 3,320,500$
Month
2015 vs. Budget2015 vs. 2014
Year to Date through September
Fines and Penalties by Month
Year to Date through September
2014 2015 2015
Actual Budget Actual $ % $ %
Civil Penalties 4,889$ 11,473$ 2,295$ (2,593)$ ‐53% (9,178)$ ‐80%
Civil Infraction Penalties 402,672 448,122 274,903 (127,769) ‐32% (173,220) ‐39%
Civil Parking Infraction Penalties 133,387 141,059 111,505 (21,882) ‐16% (29,555) ‐21%
Photo Enforcement Program 1,152,252 1,615,578 1,570,585 418,333 36% (44,993) ‐3%
Criminal Traffic Misdemeanor Fines 63,021 83,870 57,058 (5,963) ‐9% (26,812) ‐32%
Criminal Non‐Traffic Fines 28,442 31,823 45,236 16,793 59% 13,413 42%
Criminal Costs 94,279 90,806 72,921 (21,358) ‐23% (17,885) ‐20%
Non‐Court Fines, Forfeitures and Penalties 20,518 17,243 25,159 4,640 23% 7,916 46%
YTD Total 1,899,460$ 2,439,975$ 2,159,661$ 260,201$ 14% (280,314)$ ‐11%
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 168,554 216,524 88,955 94,258 122,266
Sep 153,716 202,489 88,955 94,222 108,268
Oct 170,949 ‐ 88,955 ‐ ‐
Nov 199,054 ‐ 88,955 ‐ ‐
Dec 208,419 ‐ 88,955 ‐ ‐
YTD Total 1,615,578$ 1,570,585$ 800,595$ 779,167$ 791,418$
Annual Total 2,194,000$ 1,067,460$
1Actuals of Revenues and Expenses
Photo Enforcement Program
Year to Date through September
Month
Revenues Expenses
Page 8 of 37
Monthly Financial Report September 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 73% of
the total revenue in this category.
The year‐to‐date total
miscellaneous is $1.6 million.
Compared to last year, the
revenues are above by $52k or
3%. Compared to the projected
year‐to‐date budget, the revenues
are over by $177k or 12%. 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.
Seizure funds are lower than the budget due to lower activity.
EXPENSES
Overall the City has expended 70% of its budgeted general governmental expenditures at the end of September. This is $2.4
million or 2.8% 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$ 195,690$ 269,664$ 25,701$ 11% 73,974$ 38%
Feb 99,547 79,577 135,539 35,992 36% 55,962 70%
Mar 126,132 141,867 182,386 56,253 45% 40,519 29%
Apr 70,094 79,651 132,893 62,799 90% 53,242 67%
May 107,650 136,284 144,753 37,103 34% 8,469 6%
Jun 257,714 216,188 215,629 (42,085) ‐16% (559) 0%
Jul (21,407) 38,498 189,913 211,319 ‐987% 151,414 393%
Aug 121,979 123,312 199,969 77,990 64% 76,657 62%
Sep 552,749 422,616 139,977 (412,772) ‐75% (282,638) ‐67%
Oct 119,594 105,792
Nov 128,732 106,773
Dec 491,839 533,961
YTD Total 1,558,421$ 1,433,683$ 1,610,722$ 52,301$ 3% 177,039$ 12%
Annual Total 2,298,586$ 2,180,209$
Year to Date through September
Month
2015 vs. Budget2015 vs. 2014
Miscellaneous Revenues by Month
2014 2015 2015
Actual Budget Actual $ % $ %
Interests and Other Earnings 491,442$ 355,849$ 519,421$ 27,979$ 6% 163,571$ 46%
Rents, Leases, and Concessions 635,825 625,026 657,862 22,038 3% 32,836 5%
Contributions/Donations from Private Sources 83,499 88,744 94,424 10,924 13% 5,680 6%
Other 288,303 221,594 324,344 36,041 13% 102,750 46%
Seizure Funds ‐ Federal/State/Local 59,352 142,469 14,671 (44,681) ‐75% (127,798) ‐90%
YTD Total 1,558,421$ 1,433,683$ 1,610,722$ 52,301$ 3% 177,039$ 12%
Annual Total 2,298,586$ 2,180,209$
2015 vs. Budget
Miscellaneous Revenues by Type
Year to Date through September
Revenue
2015 vs. 2014
Page 9 of 37
Monthly Financial Report September 2015
CASH AND INVESTMENTS – 3RD
QUARTER
The current cash and
investments (C&I) portfolio is
provided in the table to the
right. The City’s current C&I
balance is $132.1 million, of
this amount; $392k is an
interfund loan investment
(Res 4070) from the
insurance fund (502) to the
golf course fund (404). This
interfund loan is due in full
on December 1st 2015.
Currently, the majority of the
portfolio is located in cash
deposits (US Bank). The rest
is spread out between the
State Investment Pool, US
Federal Agency Securities,
various certificates of
deposits, and the interfund
loan.
The existing portfolio yield is approximately .76%.
Current %
Blended
Allowed per
policy
Current Portfolio
(principal value)
45% N/A $ 58,978,260
0% 100%‐$
8% 75% 9,959,040$
34% 75% 44,600,755$
14% 75% 18,151,026$
0% 25%‐$
0% N/A 391,853$
TOTAL INVESTMENTS 100% 132,080,934$
*Excluding Cash the portfolio distribution is 14% LGIP; 24% CD's; 61% GSE's; 1% internal
Cash
US Treasury Securities
Local Government Investment Pool
US Federal Agency Securities
INTERFUND INVESTMENT
By Type
Certificates of Deposit
Commercial Paper
Cash
45%LGIP
7%
GSE's
34%CD's
14%
Distribution by Type
By Institution Current %
Blended
Allowed by
Policy
Current Portfolio
(principal value)Maturity Date APY
Weighted
Yield
Blended
Cash US Bank ‐ Cash 45%N/A 58,978,260 overnight 0.45% 0.20%
GOLF '15 GOLF '15 0.3%391,853 12/1/2015 2.25% 0.01%
US Treasury Securities
none 0% 100%‐ N/A N/A N/A
Local Government Investment Pool
3920 State Investment Pool 8% 75%
9,959,040 10/1/2014 0.10% 0.01%
US Federal Agency Securities *
314179A FHLB 1,996,920 8/11/2017 1.05%
0.02%
315189A FHLB 5,000,000 3/29/2018 1.07%
0.04%
314179F FHLB 2,400,000 10/16/2017 1.25%0.02%
314179E FHLB 5,000,000 10/16/2017 1.49%0.06%
314179G FHLB 5,009,485 10/17/2017 0.93%
0.04%
315189B FHLMC 5,000,000 7/23/2018 1.25%
0.05%
315209A FHLMC 1,600,000 5/26/2020 1.75%0.02%
315189C FHLMC 5,000,000 6/1/2018 1.12%0.04%
314179I FHLMC 5,000,000 10/30/2017 1.05%
0.04%
314189A FNMA 3,745,000 2/15/2018 1.30%
0.04%
314179C FNMA 4,849,350 11/28/2017 1.00%
0.04%
Certificates of Deposit
115184A First Savings Bank Northwest 5,092,087 2/6/2018 1.03%0.04%
114174A First Savings Bank Northwest 5,000,000 10/29/2017 1.15%
0.04%
113164A First Savings Bank Northwest 5,000,000 2/4/2016 1.02%
0.04%
111167a Columbia Bank 2% 2,015,400 11/9/2016 0.99%0.02%
214163A Commencement Bank (CDARS)1%1,043,540 9/15/2016 0.90%0.01%
Commercial Paper
none 0.00% 5%
‐ N/A N/AN/A
132,080,934$
75%34%
Golf Interfund Loan
*Held in our safekeeping account at BNY Trust and Custody
TOTAL CASH & INVESTMENTS
20%
11%
Page 10 of 37
Monthly Financial Report September 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 ‐ ‐ ‐ ‐ 74,775 39,850 ‐
Grants / intergovernmental 1,706,871 ‐ 109,496 ‐ 15,161 1,065,395 ‐
Charges for services 109,944 1,665,399 12,959,059 13,684,583 7,403,646 7,843,378 11,968,103
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 2,365 ‐ ‐ ‐ 495 ‐ ‐
Rents, leases, and misc fees 1,858,838 350,892 64,228 124,257 ‐ ‐ ‐
Interest and other misc 4,459 8,606 11,516 813,276 807,468 1,127,267 13,404
TOTAL REVENUES 3,682,477 2,024,897 13,144,298 14,622,116 8,301,545 10,075,890 11,981,507
EXPENSES:
Utility billing ‐ ‐ 94,857 85,619 67,920 108,898 ‐
Utility systems ‐ ‐ 11,119,998 3,061,444 2,384,644 2,505,606 ‐
Utility maintenance ‐ ‐ 209,116 3,958,208 1,128,812 1,913,226 11,505,275
Transportation 1,233,551 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 1,491,373 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 1,233,551 1,491,373 11,423,971 7,105,271 3,581,376 4,527,730 11,505,275
AMOUNT AVAILABLE FOR DEBT SERVICE 2,448,926 533,524 1,720,327 7,516,845 4,720,169 5,548,160 476,232
DEBT SERVICE:
Principal ‐ ‐ ‐ 395,175 265,745 42,590 ‐
Interest ‐ ‐ ‐ 297,136 148,920 517,692 ‐
TOTAL DEBT SERVICE ‐ ‐ ‐ 692,311 414,665 560,282 ‐
CAPITAL PROJECTS 2,086,824 ‐ ‐ 642,788 648,199 2,534,615 ‐
TRANSFERS IN/(OUT)‐ ‐ (842) (3,717) (856) (530) ‐
CHANGE IN FUND BALANCE 362,102 533,524 1,719,485 6,178,029 3,656,449 2,452,733 476,232
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, Sep 30 1,168,923 490,613 3,265,091 22,050,123 11,245,538 10,256,954 3,792,542
Page 11 of 37
Monthly Financial Report September 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 ‐ 144,551 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ ‐ ‐ ‐ ‐ ‐ 40,057
Charges for services
Equipment rental m&o 2,089,993 2,631,640 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 66,129 ‐ 315,335 ‐ ‐ ‐
Communications ‐ 3,183 ‐ 433,206 ‐ ‐ ‐
Facilities ‐ ‐ 3,691,111 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 120,324 ‐ ‐ ‐ ‐ ‐
IT service co ntracts ‐ 369,342 ‐ ‐ ‐ ‐ ‐
Interest and other misc 19,585 8,098 5,031 1,736 51,267 25,836 30,427
Internal service fund misc:
Vehicle / equipment capital recovery 2,220,730 127,502 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 1,392,107 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 1,392,060 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 8,698,375 1,669,951
Other misc 1,843 300 3,608 17 ‐ 884,998 ‐
Interfund Loan ‐ ‐ ‐ ‐ 143,079 ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 67,499 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 63,122 ‐ ‐
TOTAL REVENUES 4,399,650 3,471,069 3,699,750 750,294 3,041,635 9,609,209 1,740,435
EXPENSES:
Communications 312,639
Equipment rental 1,608,623
Facilities 3,222,073
Healthcare 9,118,064
Information technology 2,833,747
Print and mail 275,863
Retiree healthcare 831,721
Risk management:
Ri sk management 1,499,503
Unemployment 29,303
Worker's compensation 1,130,832
TOTAL EXPENSES 1,608,623 2,833,747 3,222,073 588,502 2,659,638 9,118,064 831,721
AMOUNT AVAILABLE FOR CAPITAL 2,791,027 637,322 477,677 161,792 381,997 491,145 908,714
CAPITAL PROJECTS 3,203,329 276,475 332,784 ‐ ‐ ‐ ‐
TRANSFERS IN 125,500 63,552 ‐ ‐ 1,300,000 ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE (286,802) 424,399 144,893 161,792 1,681,997 491,145 908,714
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, Sep 30 5,023,517 2,340,447 1,298,982 545,761 13,751,308 7,166,650 8,620,577
Page 12 of 37
Monthly Financial Report September 2015
FUND BALANCE
Page 14 shows the ending fund balance as of September 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 September, the City has $15.6 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 $2 million from
the year’s beginning balance. September’s ending fund balance is over the anticipated General Governmental Fund Balance of
$9.6 million by $5.9 million or 61.3%. 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 13 of 37
Monthly Financial Report September 2015
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through September 30, 2015
Funds
Balance
01/01/2015
Budgeted
Revenue
Revenue
09/30/15
Total Funds
Available
Budgeted
Expenditure
Expenditure
09/30/15 Ending Balance
GENERAL GOVERNMENT FUNDS: 17,565,282 128,461,095 93,779,662 111,344,944 130,898,969 95,787,227 15,557,717
000 General 11,159,313 84,865,472 61,052,042 72,211,355 87,025,065 64,304,088 7,907,267
001 Community Services 2,467,703 12,478,920 8,148,457 10,616,160 12,608,356 8,817,515 1,798,645
003 Street 2,147,229 10,186,242 6,391,063 8,538,292 10,353,242 7,357,097 1,181,194
004 Community Dev Block Grant 74,951 462,908 ‐ 74,951 448,804 45,470 29,481
005 Museum 65,500 227,761 114,055 179,555 227,761 170,064 9,491
009 Farmers Market 104,950 59,400 50,062 155,012 59,453 66,658 88,354
011 Fire Health & Wellness 74,565 25,000 15,184 89,749 25,000 11,318 78,432
201 Ltd GO Bonds Gen Govt Debt 838,633 1,749,405 879,392 1,718,025 1,749,405 97,050 1,620,975
215 Gen Govt Misc Debt Service 632,438 18,405,987 17,129,407 17,761,845 18,401,883 14,917,968 2,843,877
SPECIAL REVENUE FUNDS: 1,100,381 1,786,631 1,308,166 2,408,547 1,807,969 1,014,951 1,393,596
102 Arterial Street 14,885 640,000 481,290 496,175 640,000 ‐ 496,175
108 Leased City Properties 121,014 768,957 512,432 633,446 663,403 795,555 (162,109)
110 Hotel Motel 219,090 265,000 229,678 448,768 283,942 142,091 306,677
125 1% For Art 101,380 15,000 379 101,759 102,950 ‐ 101,759
127 Cable Communication 313,090 97,674 83,154 396,244 117,674 77,305 318,939
135 Springbrook Wetlands Bank 330,922 ‐ 1,233 332,155 ‐ ‐ 332,155
CAPITAL PROJECT FUNDS (CIP):27,979,966 25,305,129 9,954,638 37,934,604 48,907,406 17,111,827 20,822,777
303 Community Dev Mitigation 1,238,600 86,500 327,391 1,565,991 ‐ ‐ 1,565,991
304 Fire Mitigation 926,488 99,000 454,947 1,381,435 250,000 ‐ 1,381,435
305 Transportation Mitigation 844,648 600,000 1,236,351 2,080,999 1,152,335 ‐ 2,080,999
316 Municipal Facilities CIP 4,493,986 5,546,015 4,212,479 8,706,465 9,746,585 4,174,408 4,532,057
317 Transportation CIP 4,059,718 18,973,614 3,677,306 7,737,024 22,353,726 3,999,912 3,737,112
326 Housing Opportunity 1,086,766 ‐ 3,955 1,090,721 75,000 50,000 1,040,721
336 New Library Development 15,329,760 ‐ 42,209 15,371,969 15,329,760 8,887,507 6,484,462
ENTERPRISE FUNDS:36,891,230 97,849,061 63,870,231 100,761,461 107,984,277 48,491,675 52,269,786
4X2 Airport Operating & CIP 806,821 16,596,888 3,682,477 4,489,298 16,469,927 3,320,376 1,168,922
403 Solid Waste Utility 1,545,606 16,461,726 13,144,298 14,689,904 16,675,139 11,424,813 3,265,091
4X4 Golf Operating & CIP (42,911) 2,655,383 2,062,397 2,019,486 2,616,052 1,528,872 490,614
4X5 Water Operating & CIP 15,872,094 16,272,634 14,622,116 30,494,210 20,799,381 8,444,088 22,050,122
4X6 Waste Water Operating & CIP 7,589,089 11,979,140 8,301,546 15,890,635 13,588,076 4,645,095 11,245,540
416 King County Metro 3,316,310 16,638,722 11,981,507 15,297,817 16,638,722 11,505,275 3,792,542
4X7 Surface Water Operating & CIP 7,804,221 17,244,568 10,075,890 17,880,111 21,196,980 7,623,156 10,256,955
INTERNAL SERVICE FUNDS:35,221,104 37,393,475 28,201,095 63,422,199 37,332,083 24,674,955 38,747,244
501 Equipment Repair/Replacement 5,310,319 5,901,271 4,525,150 9,835,469 7,436,777 4,811,952 5,023,517
502 Insurance 12,069,311 5,641,647 4,341,636 16,410,947 3,594,578 2,659,638 13,751,309
503 Information Services 1,916,048 4,677,631 3,534,621 5,450,669 5,653,265 3,110,221 2,340,448
504 Facilities 1,154,089 4,954,325 3,699,750 4,853,839 5,115,716 3,554,857 1,298,982
505 Communications 383,969 992,431 750,294 1,134,263 991,430 588,502 545,761
512 Insurance, Healthcare 6,675,505 12,954,736 9,609,209 16,284,714 13,424,573 9,118,064 7,166,650
522 Insurance, Leoff1 Retirees HC 7,711,863 2,271,434 1,740,435 9,452,298 1,115,744 831,721 8,620,577
FIDUCIARY FUNDS:5,040,982 468,000 157,694 5,198,676 210,475 166,757 5,031,919
611 Firemen's Pension 5,040,982 468,000 157,694 5,198,676 210,475 166,757 5,031,919
TOTAL FUNDS 123,798,945 291,263,391 197,271,486 321,070,431 327,141,179 187,247,392 133,823,039
Page 14 of 37
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 73,257,997 73,279,846 (21,849) 17,543,433
September 80,087,858 82,095,423 (2,007,565) 15,557,717
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 15 of 37
City of Renton
Monthly Revenue Analysis ‐ 2015 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 5,748,533 5,697,180 ‐0.89%
Feb 12,071,152 11,956,490 ‐0.95%
Mar 18,496,983 18,465,333 ‐0.17%
Apr 33,360,837 35,699,323 7.01%
May 50,019,624 51,254,305 2.47%
Jun 56,034,442 58,502,159 4.40%
Jul 63,719,267 66,463,072 4.31%
Aug 70,149,921 73,257,997 4.43%
Sep 76,562,869 80,087,858 4.60%
Oct 92,665,310
Nov 107,259,065
Dec 114,769,291
Percent of budget 69.78%
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 19,364,972 2.23%
Sep 19,457,794 19,926,497 2.41%
Oct 28,804,271
Nov 35,032,115
Dec 36,040,000
Percent of budget 55.29%
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
$120
$130
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 16 of 37
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 16,939,671 4.13%
Sep 18,318,344 19,289,499 5.30%
Oct 20,462,487
Nov 22,646,995
Dec 24,759,699
Percent of budget 77.91%
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 11,066,402 10,632,292 ‐3.92%
Aug 12,359,876 11,983,292 ‐3.05%
Sep 13,697,996 13,197,436 ‐3.65%
Oct 14,861,619
Nov 16,094,851
Dec 17,607,734
Percent of budget 74.95%
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
$20
Millions Utility Tax
Budget
Actual
Last Year
Page 17 of 37
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 2,976,733 12.01%
Sep 2,918,335 3,473,896 19.04%
Oct 3,399,093
Nov 3,693,994
Dec 3,911,417
Percent of budget 88.81%
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 7,441,002 7,796,091 4.77%
Sep 8,136,137 8,537,955 4.94%
Oct 9,109,472
Nov 12,504,638
Dec 13,251,387
Percent of budget 64.43%
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 18 of 37
City of Renton
Monthly Revenue Analysis ‐ 2015 Budget Year
Charges for
Services Budget
YTD
Actual
Annual %
over (under)
Jan 540,459 523,882 ‐3.07%
Feb 1,058,401 982,531 ‐7.17%
Mar 1,623,947 1,508,665 ‐7.10%
Apr 2,261,909 2,428,409 7.36%
May 2,818,394 2,895,781 2.75%
Jun 3,443,743 4,190,545 21.69%
Jul 4,226,938 5,100,073 20.66%
Aug 4,889,434 5,829,415 19.22%
Sep 5,431,795 6,366,503 17.21%
Oct 6,010,048
Nov 6,476,933
Dec 7,084,345
Percent of budget 89.87%
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 1,887,318 ‐14.06%
Sep 2,439,975 2,159,661 ‐11.49%
Oct 2,702,703
Nov 2,994,771
Dec 3,320,500
Percent of budget 65.04%
$‐
$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 19 of 37
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 5,002,153 14.27%
Sep 4,721,202 5,518,082 16.88%
Oct 5,563,642
Nov 5,934,771
Dec 6,359,000
Percent of budget 86.78%
Misc Budget
YTD
Actual
Annual %
over (under)
Jan 195,690 269,664 37.80%
Feb 275,267 405,203 47.20%
Mar 417,134 587,589 40.86%
Apr 496,785 720,482 45.03%
May 633,069 865,234 36.67%
Jun 849,257 1,080,863 27.27%
Jul 887,756 1,270,776 43.14%
Aug 1,011,068 1,470,745 45.46%
Sep 1,433,683 1,610,722 12.35%
Oct 1,539,475
Nov 1,646,248
Dec 2,180,209
Percent of budget 73.88%
$‐
$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 20 of 37
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 7,607 7,607 0.00%
Sep 7,607 7,607 0.00%
Oct 212,500
Nov 233,750
Dec 255,000
Percent of budget 2.98%
$0
$0
$0
$0
$0
$0
$0
Mi
l
l
i
o
n
s
Other Financing Sources
Budget
Actual
Last Year
Page 21 of 37
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 2,838,154 2,884,653 1.64%
Sep 3,156,396 3,334,347 5.64%
Oct 3,470,218
Nov 3,735,857
Dec 4,000,000
Percent of budget 83.36%
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 4,108,757 32.77%
Sep 3,437,832 4,694,970 36.57%
Oct 3,901,056
Nov 4,252,721
Dec 4,679,749
Percent of budget 100.33%
$‐
$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 22 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 8,900,844 8,067,548 ‐9.36%
Feb 17,863,668 17,074,731 ‐4.42%
Mar 26,459,214 25,740,531 ‐2.72%
Apr 35,146,771 33,688,640 ‐4.15%
May 43,786,725 42,084,303 ‐3.89%
Jun 52,843,333 51,004,212 ‐3.48%
Jul 66,278,160 64,338,959 ‐2.93%
Aug 75,544,963 73,279,846 ‐3.00%
Sep 84,484,896 82,095,423 ‐2.83%
Oct 96,473,411
Nov 105,919,546
Dec 117,207,165
Percent of budget expended 81.72%
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 225,314 217,023 ‐3.68%
Sep 252,423 242,364 ‐3.98%
Oct 279,819
Nov 307,043
Dec 335,838
Percent of budget expended 72.17%
$‐
$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 23 of 37
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 1,085,450 ‐3.13%
Sep 1,257,659 1,239,205 ‐1.47%
Oct 1,400,057
Nov 1,537,283
Dec 1,714,717
Percent of budget expended 72.27%
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 1,217,493 ‐3.03%
Sep 1,423,372 1,381,137 ‐2.97%
Oct 1,584,730
Nov 1,745,168
Dec 2,001,421
Percent of budget expended 69.01%
$‐
$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 24 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
Court Services Budget
YTD
Actual
Annual %
over (under)
Jan 167,379 151,935 ‐9.23%
Feb 340,315 313,414 ‐7.90%
Mar 513,575 477,408 ‐7.04%
Apr 699,853 641,217 ‐8.38%
May 872,953 810,280 ‐7.18%
Jun 1,060,752 994,496 ‐6.25%
Jul 1,239,657 1,162,369 ‐6.23%
Aug 1,415,282 1,335,130 ‐5.66%
Sep 1,591,471 1,502,782 ‐5.57%
Oct 1,765,983
Nov 1,933,771
Dec 2,157,721
Percent of budget expended 69.65%
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 776,605 824,910 6.22%
Sep 874,091 914,918 4.67%
Oct 971,695
Nov 1,068,592
Dec 1,177,608
Percent of budget expended 77.69%
$‐
$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 25 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
Development
Services Budget
YTD
Actual
Annual %
over (under)
Jan 244,814 201,493 ‐17.70%
Feb 476,763 427,863 ‐10.26%
Mar 726,488 653,820 ‐10.00%
Apr 997,355 867,751 ‐12.99%
May 1,242,585 1,086,324 ‐12.58%
Jun 1,487,897 1,300,030 ‐12.63%
Jul 1,732,212 1,514,993 ‐12.54%
Aug 1,993,537 1,743,441 ‐12.55%
Sep 2,216,430 1,959,658 ‐11.58%
Oct 2,459,800
Nov 2,699,137
Dec 2,954,321
Percent of budget expended 66.33%
Economic
Development Budget
YTD
Actual
Annual %
over (under)
Jan 106,386 43,127 ‐59.46%
Feb 153,720 122,554 ‐20.27%
Mar 233,133 171,373 ‐26.49%
Apr 315,530 228,439 ‐27.60%
May 384,978 278,258 ‐27.72%
Jun 473,082 326,497 ‐30.98%
Jul 577,231 375,085 ‐35.02%
Aug 674,639 435,115 ‐35.50%
Sep 765,561 488,183 ‐36.23%
Oct 854,274
Nov 938,288
Dec 1,063,786
Percent of budget expended 45.89%
$‐
$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 26 of 37
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 1,737,966 0.68%
Sep 1,971,643 1,965,628 ‐0.31%
Oct 2,223,724
Nov 2,452,676
Dec 2,714,466
Percent of budget expended 72.41%
Finance Budget
YTD
Actual
Annual %
over (under)
Jan 196,797 171,705 ‐12.75%
Feb 396,355 350,741 ‐11.51%
Mar 607,163 531,013 ‐12.54%
Apr 830,317 711,350 ‐14.33%
May 1,048,277 907,912 ‐13.39%
Jun 1,334,245 1,245,394 ‐6.66%
Jul 1,584,067 1,427,769 ‐9.87%
Aug 1,861,055 1,830,087 ‐1.66%
Sep 2,100,083 2,041,642 ‐2.78%
Oct 2,315,404
Nov 2,526,251
Dec 3,167,120
Percent of budget expended 64.46%
$‐
$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 27 of 37
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 745,168 552,466 ‐25.86%
Sep 810,502 618,893 ‐23.64%
Oct 876,269
Nov 938,389
Dec 1,091,558
Percent of budget expended 56.70%
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 851,182 754,220 ‐11.39%
Sep 962,393 846,717 ‐12.02%
Oct 1,068,605
Nov 1,178,873
Dec 1,316,577
Percent of budget expended 64.31%
$‐
$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 28 of 37
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 21,384,709 21,233,544 ‐0.71%
Sep 24,238,165 24,057,053 ‐0.75%
Oct 26,807,764
Nov 29,604,248
Dec 32,571,356
Percent of budget expended 73.86%
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 17,680,343 ‐2.26%
Sep 20,238,248 19,870,338 ‐1.82%
Oct 22,409,217
Nov 24,560,558
Dec 26,890,757
Percent of budget expended 73.89%
$‐
$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 29 of 37
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 367,593 334,458 ‐9.01%
Sep 412,944 377,704 ‐8.53%
Oct 457,663
Nov 506,080
Dec 560,787
Percent of budget expended 67.35%
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 2,870,952 ‐9.67%
Sep 3,648,648 3,293,368 ‐9.74%
Oct 4,090,791
Nov 4,476,422
Dec 4,870,254
Percent of budget expended 67.62%
$‐
$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 30 of 37
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 564,003 489,839 ‐13.15%
Sep 646,544 564,806 ‐12.64%
Oct 724,329
Nov 807,560
Dec 999,004
Percent of budget expended 56.54%
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 3,440,666 ‐2.77%
Sep 4,068,609 3,939,814 ‐3.17%
Oct 4,421,871
Nov 4,779,294
Dec 5,200,923
Percent of budget expended 75.75%
$‐
$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 31 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2015 Budget Year
Human
Services Budget
YTD
Actual
Annual %
over (under)
Jan 48,572 46,455 ‐4.36%
Feb 141,007 95,909 ‐31.98%
Mar 242,790 251,898 3.75%
Apr 376,801 410,324 8.90%
May 459,317 470,636 2.46%
Jun 518,930 548,427 5.68%
Jul 654,312 685,824 4.82%
Aug 742,062 760,204 2.44%
Sep 792,922 832,688 5.02%
Oct 937,329
Nov 1,010,163
Dec 1,204,977
Percent of budget expended 69.10%
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 670,339 613,785 ‐8.44%
Sep 750,598 708,481 ‐5.61%
Oct 831,121
Nov 918,936
Dec 1,036,841
Percent of budget expended 68.33%
$‐
$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 32 of 37
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 150,608 151,082 0.31%
Sep 169,866 170,064 0.12%
Oct 189,289
Nov 208,614
Dec 227,761
Percent of budget expended 74.67%
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 271,809 258,768 ‐4.80%
Sep 303,553 291,848 ‐3.86%
Oct 334,125
Nov 364,445
Dec 395,867
Percent of budget expended 73.72%
$‐
$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 33 of 37
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 3,381,140 ‐0.40%
Sep 3,834,705 3,791,733 ‐1.12%
Oct 4,322,555
Nov 4,746,267
Dec 5,186,713
Percent of budget expended 73.10%
Transportation Budget
YTD
Actual
Annual %
over (under)
Jan 348,799 300,741 ‐13.78%
Feb 770,151 642,729 ‐16.55%
Mar 1,179,693 1,186,713 0.60%
Apr 1,751,501 1,532,946 ‐12.48%
May 2,122,594 1,925,413 ‐9.29%
Jun 2,490,849 2,312,208 ‐7.17%
Jul 2,906,031 2,724,715 ‐6.24%
Aug 3,373,535 3,156,877 ‐6.42%
Sep 3,723,430 3,565,364 ‐4.25%
Oct 4,146,779
Nov 4,511,249
Dec 5,166,529
Percent of budget expended 69.01%
$‐
$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 34 of 37
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 1,323,214 1,323,214 0.00%
Sep 1,323,214 1,323,214 0.00%
Oct 5,382,903
Nov 5,921,194
Dec 6,459,484
Percent of budget expended 20.48%
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 5,851,672 5,851,672 0.00%
Sep 6,107,821 6,107,821 0.00%
Oct 5,617,315
Nov 6,179,046
Dec 6,740,778
Percent of budget expended 90.61%
$‐
$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 35 of 37
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 51,790,989 38,739,436
Sep 60,520,029 58,125,298 43,639,627
Oct 67,617,877
Nov 74,232,293
Dec 88,898,298
Percent of budget expended 40.59%
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 3,463,681 3,020,465
Sep 11,578,029 3,682,477 3,320,376
Oct 12,523,403
Nov 14,062,517
Dec 16,469,927
Percent of budget expended 20.16%
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 36 of 37
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 1,838,160 1,356,952
Sep 1,741,845 2,062,396 1,528,872
Oct 1,899,744
Nov 2,046,993
Dec 2,616,052
Percent of budget expended 58.44%
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 37 of 37