HomeMy WebLinkAbout201510, October.pdfADMINISTRATIVE SERVICES
DEPARTMENT
M E M O R A N D U M
DATE: December 7, 2015
TO: Ed Prince, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: October 2015 Financial Status Report
At the end of October, general governmental revenues show $814k or 0.9% over budget.
Revenue sources that are higher than expected are: sales tax ($879k); sales tax annexation
credit ($201k); state shared revenues ($439k); franchise fees ($136k); gambling taxes ($603k);
real estate excise taxes ($271k); building permits & development service fees ($1.3 million);
public safety ($109k); interest/other earnings ($180k); and other miscellaneous ($187k). On the
down side, the revenue sources that are underperforming the year to date budget are:
property tax ($2.6 million below); utility taxes ($460k below); fines/penalties ($283k below) and
seizure funds ($121k below, restricted to drug enforcement only and is not available for general
operating purposes). The property tax variance is due to the timing of when collections were
recorded (majority was recorded in November). If we remove that variance, the City is $3.4
million or 3.7% over budget.
General government expenditures showed a favorable variance of $2.7 million or 2.9%. See
page 9 of report for further expenditure over‐spent explanations.
The attached report provides more detailed discussion of each revenue source and our updated
projections for the year. Please do not hesitate to contact me at x6952 should you have any
questions or any suggestions about the report.
This page is intentionally left blank
General Governmental Funds
$%
Beginning Fund Balance 15,575,840$ 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 27,701,144 35,295,390 30,840,418 36,040,000 28,804,271 26,190,113 (2,614,158) ‐9.1%
Sales Tax 20,416,372 16,927,535 21,512,379 17,717,601 22,239,731 18,380,216 19,259,460 879,243 4.8%
Sales Tax ‐ Annexation Credit 2,418,789 2,006,613 2,542,394 2,092,854 2,519,968 2,082,270 2,283,449 201,179 9.7%
Criminal Justice Sales Tax 2,091,174 1,721,818 2,267,947 1,865,100 2,305,519 1,897,104 2,048,498 151,393 8.0%
Natural Gas Use Tax 263,660 227,320 271,485 239,530 300,000 264,688 186,842 (77,847) ‐29.4%
Admission Tax 327,258 325,916 310,311 310,311 320,000 319,327 309,755 (9,571) ‐3.0%
Franchise Fees 1,312,727 1,264,244 1,342,269 1,292,767 1,260,000 1,213,498 1,349,154 135,656 11.2%
Electricity Tax 5,155,789 4,302,956 5,167,444 4,317,284 5,365,536 4,480,399 4,089,520 (390,879) ‐8.7%
Natural Gas Utility Tax 1,550,900 1,262,093 1,562,341 1,311,136 1,550,900 1,281,886 1,183,915 (97,971) ‐7.6%
Garbage/Solid Waste 397,596 336,236 573,457 482,788 400,000 337,375 521,082 183,706 54.5%
TV Cable 1,481,779 1,224,145 1,518,821 1,253,377 1,579,365 1,304,043 1,313,457 9,413 0.7%
Telephone 917,021 751,176 909,088 756,033 952,500 786,162 737,536 (48,626) ‐6.2%
Cellular Phone 2,050,312 1,613,009 1,951,925 1,552,142 1,967,056 1,555,637 1,395,827 (159,810) ‐10.3%
City Utilities 3,964,989 3,336,303 3,961,052 3,337,959 4,058,377 3,417,428 3,527,585 110,157 3.2%
Utility Tax Audit ‐ ‐ 460,513 460,513 1,434,000 1,434,000 1,446,078 12,078 0.8%
Leasehold Excise Tax 164,637 124,288 171,470 130,132 179,000 135,496 123,703 (11,792) ‐8.7%
Gambling Excise Tax 1,319,585 1,053,349 1,650,384 1,344,493 1,600,000 1,291,780 1,894,300 602,520 46.6%
Real Estate Excise Tax 4,131,665 2,540,858 4,348,762 4,032,907 4,000,000 3,561,623 3,832,325 270,702 7.6%
Less: CIP REET (700,000) (488,641) (1,650,000) (764,850) (1,000,000) (958,081) (958,081) ‐ 0.0%
EMS Levy 916,361 687,271 916,361 676,175 920,000 702,305 702,305 ‐ 0.0%
Business License Fees 2,911,691 2,810,899 2,965,850 2,837,151 3,006,000 2,888,635 2,990,092 101,457 3.5%
Less: CIP Business License Fees (2,407,925) (2,324,685) (2,450,295) (2,344,149) (2,500,000) (2,402,543) (2,472,795) (70,251) 2.9%
Animal Licenses and Spec Events Permits 99,411 90,235 95,698 88,608 91,000 83,361 90,597 7,235 8.7%
Building Permits & Development Svc Fees 4,001,625 3,260,223 4,519,234 3,824,884 4,679,749 3,901,056 5,157,161 1,256,105 32.2%
Intergovt'l (Grants, State Shared, etc) 3,863,974 3,324,988 4,522,540 3,632,238 3,909,542 2,928,684 3,210,136 281,452 9.6%
Fire District 25 and 40 Contracts 5,726,895 3,635,801 5,959,428 3,776,634 6,116,326 3,421,528 3,421,528 ‐ 0.0%
Public Safety 680,581 577,592 844,375 741,163 513,081 443,796 553,274 109,478 24.7%
Culture and Recreation 1,494,580 1,365,914 1,485,123 1,419,612 1,580,616 1,477,612 1,483,946 6,334 0.4%
Interfund/Interdept‐Services 3,464,913 3,014,422 3,270,503 2,752,705 3,221,947 2,684,956 2,623,464 (61,492) ‐2.3%
Fines and Penalties 1,137,140 881,515 962,977 826,977 1,126,500 916,176 663,385 (252,791) ‐27.6%
Photo Enforcement 1,629,524 1,414,949 1,719,971 1,312,473 2,194,000 1,786,527 1,756,603 (29,924) ‐1.7%
Seizure Funds ‐ Federal/State/Local 50,639 34,876 68,870 59,593 180,693 142,834 21,676 (121,157) ‐84.8%
Interests and Other Earnings 423,609 88,505 981,630 545,901 875,300 395,161 575,152 179,991 45.5%
Rents, Leases, and Concessions 734,530 678,916 711,070 660,858 710,216 658,224 703,210 44,986 6.8%
Contributions and Donations 84,320 76,970 113,626 90,257 112,000 94,619 124,712 30,093 31.8%
Other Miscellaneous 684,187 587,161 879,105 683,136 705,369 580,905 767,974 187,069 32.2%
Other Financing Sources (Transfer‐In, etc) 299,527 24,292 48,632 41,880 255,000 7,607 7,607 0 0.0%
Total Operating Revenues 105,545,527 86,460,206 111,782,133 94,198,592 114,769,291 92,300,567 93,114,545 813,978 0.9%
OPERATING EXPENDITURES
Council 289,911 239,890 309,317 259,383 335,838 279,819 267,722 12,096 4.3%
Executive 1,240,910 1,023,885 1,338,738 1,082,383 1,714,717 1,400,057 1,358,895 41,162 2.9%
City Attorney 1,922,225 1,460,487 1,829,254 1,509,944 2,001,421 1,584,730 1,510,380 74,350 4.7%
Court Services 2,003,104 1,633,316 2,016,273 1,656,337 2,157,721 1,765,983 1,669,036 96,947 5.5%
Community and Eco Dvlpmnt Admin 1,047,860 858,042 1,010,761 840,615 1,177,608 971,695 1,004,505 (32,810) ‐3.4%
Development Services 3,243,702 2,704,130 2,659,078 2,210,589 2,954,321 2,459,800 2,174,837 284,963 11.6%
Economic Development 467,511 380,375 654,007 520,262 1,063,786 854,274 535,152 319,122 37.4%
Planning 1,510,707 1,256,275 2,095,706 1,698,142 2,714,466 2,223,724 2,195,594 28,129 1.3%
Finance 2,274,147 1,649,170 2,644,827 1,946,971 3,167,120 2,315,404 2,264,451 50,954 2.2%
City Clerk 1,020,822 894,171 1,152,246 850,302 1,091,558 876,269 727,698 148,572 17.0%
Human Resources 904,182 733,652 922,668 749,118 1,316,577 1,068,605 957,363 111,242 10.4%
Police 24,946,784 20,673,976 26,383,640 21,495,226 28,371,356 23,307,764 23,140,025 167,739 0.7%
Jail Services 3,814,042 3,178,371 3,760,273 3,133,886 4,200,000 3,452,459 3,452,459 ‐ 0.0%
Fire 24,444,372 20,390,546 25,240,760 21,014,198 26,890,757 22,409,217 21,926,869 482,348 2.2%
Community Services Admin 452,146 373,747 480,727 387,579 560,787 457,663 419,558 38,106 8.3%
Parks 4,024,756 3,373,623 4,070,181 3,425,754 4,870,254 4,090,791 3,675,425 415,366 10.2%
Parks Planning & Natural Resources 829,250 545,724 722,739 579,547 999,004 724,329 659,859 64,470 8.9%
Recreation 4,846,970 4,151,697 4,823,195 4,069,963 5,200,923 4,421,871 4,302,363 119,508 2.7%
Human Services 1,162,330 883,276 1,159,189 922,589 1,204,977 937,329 989,382 (52,054) ‐5.6%
Neighborhoods, Resources, & Events 770,841 638,898 875,223 680,570 1,036,841 831,121 774,155 56,966 6.9%
Museum 209,387 174,718 214,291 177,396 227,761 189,289 189,243 46 0.0%
Public Works Admin 426,312 364,742 389,493 323,823 395,867 334,125 323,704 10,421 3.1%
Street Maintenance 3,814,132 3,185,461 4,503,315 3,746,215 5,186,713 4,322,555 4,197,786 124,768 2.9%
Transportation 4,476,854 3,582,655 4,263,725 3,432,741 5,166,529 4,146,779 4,008,706 138,073 3.3%
Debt Service 8,048,508 3,562,890 8,393,140 3,858,787 6,459,484 1,547,614 1,547,614 0 0.0%
Non‐Departmental and Other 5,475,340 3,363,972 9,758,346 7,523,227 6,740,778 6,317,413 6,317,413 ‐ 0.0%
Total Operating Expenditures 103,667,105 81,277,689 111,671,112 88,095,548 117,207,165 93,290,679 90,590,196 2,700,484 2.9%
Total Ending Fund Balance 17,454,262$ 20,758,357$ 17,565,283$ 23,557,306$ 15,127,407$ 16,575,170$ 20,089,631$ 3,514,461$ 21.2%
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 October 2015
Page 1 of 36
Monthly Financial Report October 2015
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through October 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
October’s collection is $6.3
million, making the total year‐to‐
date collection $26.2 million or
72.7% of the total budget. In
comparison to the previous year,
the City collected $4.7 million or
15% less. Compared to the
budget, the City is below
projections by $2.6 million or 9%.
The current month variances from
prior year and budget are due to
the timing of when collections
were recorded. The City has
collected $9.9 million so far in
November. The City is projecting
property taxes to meet the
budget at year‐end.
Sales Tax
October 2015 sales tax receipts
totalled $2 million. Compared
with the same month last year, it
is $146k or 8% more. Compared
to the projected current month’s
budget, it is $91k or 5% above.
The year‐to‐date collection of
$19.3 million is $1.5 million or 9%
more than the prior year and is
also $879k 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 but we are adjusting the budget
in the upcoming 2015/2016 Mid‐Biennial Budget Amendment.
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 6,263,616 (5,513,559) ‐47% (3,082,861) ‐33%
Nov 4,051,387 6,227,843
Dec 403,584 1,007,885
YTD Total 30,840,418$ 28,804,271$ 26,190,113$ (4,650,305)$ ‐15% (2,614,158)$ ‐9%
Annual Total 35,295,390$ 36,040,000$
Property Tax Revenues
Year to Date through October
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 2,014,951 145,926 8% 91,088 5%
Nov 1,952,887 1,959,088 ‐
Dec 1,841,892 1,900,427 ‐
YTD Total 17,717,601$ 18,380,216$ 19,259,460$ 1,541,859$ 9% 879,243$ 5%
Annual Total 21,512,379$ 22,239,731$
2015 vs. Budget2015 vs. 2014
Month
Year to Date through October
Local Retail Sales Tax Revenues
Page 2 of 36
Monthly Financial Report October 2015
The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business
sectors:
Utility tax
October utility tax revenues are
$1.2 million, which is $2k higher
than the same month last year
and is also higher than the budget
by $41k or 4%. The year‐to‐date
collection is $14.4 million, which
is $691k or 5% higher than the
prior year but is $460k or 3%
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, Natural Gas, and Cellular utilities are 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 1,204,406 1,682 0% 40,783 4%
Nov 1,170,266 1,233,232
Dec 1,495,099 1,512,883
YTD Total 13,710,762$ 14,861,619$ 14,401,842$ 691,080$ 5% (459,777)$ ‐3%
Annual Total 16,376,127$ 17,607,734$
2015 vs. Budget2015 vs. 2014
Year to Date through October
Utility Tax Revenues
Month
Sales Tax by Sector 2014 2015 Bgt YTD Act Change 2015/2014 2015 Act vs Bgt
New Construction 1,823,649$ 2,071,039$ 2,359,723$ 536,074$ 29%$ 288,684 14%
Auto Sales 3,417,104 3,550,095 3,807,998 390,894 11% 257,903 7%
General Retail 5,525,196 5,620,836 5,913,132 387,937 7% 292,296 5%
Manufacturing 1,692,634 1,696,613 1,441,714 (250,920) ‐15% (254,900)‐15%
Wholesale 970,040 965,298 990,949 20,909 2% 25,651 3%
Service 3,795,532 3,863,512 4,267,401 471,869 12% 403,889 10%
Other 493,447 612,823 478,542 (14,905) ‐3% (134,280)‐22%
YTD Total 17,717,601$ 18,380,216$ 19,259,460$ 1,541,859$ 9%879,243$ 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 4,317,284$ 4,480,399$ 4,089,520$ (227,764)$ ‐5%$ (390,879)‐9%
Natural Gas 1,550,666 1,546,574 1,370,757 (179,909) ‐12% (175,817)‐11%
Cell 1,552,142 1,555,637 1,395,827 (156,315) ‐10% (159,810)‐10%
Phone 756,033 786,162 737,536 (18,497) ‐2% (48,626)‐6%
Cable 1,253,377 1,304,043 1,313,457 60,080 5% 9,413 1%
Garbage/Solid Waste 482,788 337,375 521,082 38,294 8% 183,706 54%
City Utilities 3,337,959 3,417,428 3,527,585 189,625 6% 110,157 3%
Utility Tax Audit 460,513 1,434,000 1,446,078 985,565 214% 12,078 1%
YTD Total 13,710,762$ 14,861,619$ 14,401,842$ 691,080$ 5%(459,777)$ ‐3%
Annual Total 16,376,127$ 17,607,734$
YTD as % of 84% 84%
Page 3 of 36
Monthly Financial Report October 2015
Other Taxes
Real Estate Excise Tax
The City collected $498k in Real
Estate Excise Tax revenues (REET)
for October. This is $62k or 14%
more than the same month last
year and is $93k or 23% more
than the current month’s budget.
The year‐to‐date collection is $3.8
million, which is $201k or 5% less
than the prior year but is $271k or
8% above the budget. The higher
than expected variance is due to
20 large transactions in February,
March, April, May, June, August
and September which accounts
for $860k of the total REET
collected. The City is projecting
REET to be very close to the budget at year‐end.
Gambling Tax
October’s Gambling Tax
collections totalled $215k, which
is $60k or 38% above the same
month last year and is also above
the current month’s budget by
$71k or 49%. The year‐to‐date
total of $1.9 million is $550k or
41% above the prior year and is
also $603k or 47% above budget.
$110k 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 (adopted in November).
Pull tabs overall had a 14% increase, bingo had a 23% decrease, and card‐rooms are seeing 56% 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 $1.3 million is $56k or 4%
higher than the prior year and is
also $136k or 11% above the
projected year‐to‐date budget.
The City has exceeded the
Franchise fees budget.
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 436,050 405,227 497,978 61,928 14% 92,751 23%
Nov 223,675 237,152
Dec 92,179 201,225
YTD Total 4,032,907$ 3,561,623$ 3,832,325$ (200,583)$ ‐5% 270,702$ 8%
Annual Total 4,348,762$ 4,000,000$
Real Estate Excise Tax Revenues
Year to Date through October
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 155,499 144,185 215,119 59,620 38% 70,935 49%
Nov 156,921 146,442 ‐
Dec 148,970 161,778 ‐
YTD Total 1,344,493$ 1,291,780$ 1,894,300$ 549,807$ 41% 602,520$ 47%
Annual Total 1,650,384$ 1,600,000$
Gambling Tax Revenue
Month
Year to Date through October
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 321,828 305,167 339,936 18,109 6% 34,769 11%
Dec 49,502 46,502 ‐
YTD Total 1,292,767$ 1,213,498$ 1,349,154$ 56,388$ 4% 136,175$ 11%
Annual Total 1,342,269$ 1,260,000$
Franchise Fees Revenue
Year to Date through October
Month
2015 vs. 2014 2015 vs. Budget
Page 4 of 36
Monthly Financial Report October 2015
Admission Tax
Admission Tax returns are due
quarterly in January, April, July,
and October of each year.
October 2015 collections
represent activities conducted
during the 3rd quarter of 2015.
The year‐to‐date collection of
$310k is $411 less than the prior
year and is also $9k or 3% less
than the budget. The City is
projecting admission taxes to be
under the budget at year‐end.
Licenses and Permits
Building Permits and
Development Service Fees
Building Permits and
Development Service Fee
revenues totalled $462k in
October. The year‐to‐date
development fees revenue of $5.2
million is $1.3 million or 35%
more than the year before and is
also $1.3 million or 32% 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 $637k
for October, which is $18k or 3%
above the same month last year
but is $3k or 1% below the current
month’s budget. The year‐to‐date
Business Licenses revenue of $3
million is $153k or 5% above the
prior year and is above the budget
by $101k or 4%. The City is
projecting business licenses to
meet 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 75,167 (1,463) ‐2% (6,266) ‐8%
Nov ‐ 598 ‐
Dec ‐ 75 ‐
YTD Total 310,311$ 319,327$ 309,755$ (411)$ 0% (9,460)$ ‐3%
Annual Total 310,311$ 320,000$
2015 vs. Budget
Admission Tax Revenue
Year to Date through October
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 393,023 463,224 462,191 69,168 18% (1,033) 0%
Nov 239,983 351,665
Dec 454,368 427,027
YTD Total 3,824,884$ 3,901,056$ 5,157,161$ 1,332,277$ 35% 1,256,105$ 32%
Annual Total 4,519,234$ 4,679,749$
Year to Date through October
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 619,492 640,673 637,451 17,959 3% (3,222) ‐1%
Nov 108,061 95,071 ‐
Dec 20,639 22,294 ‐
YTD Total 2,837,151$ 2,888,635$ 2,990,092$ 152,941$ 5% 101,457$ 4%
Annual Total 2,965,850$ 3,006,000$
*Total Business License (GF & CIP)
2015 vs. 2014
Year to Date through October
2015 vs. Budget
Business Licenses*
Month
Page 5 of 36
Monthly Financial Report October 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 83% of the total
revenues in this category.
The year‐to‐date total Intergovernmental revenue is $9.4 million or 71% of the budget.
State Shared Revenues
State Shared Revenue
collections totalled $4.4
million since the start of the
year. Compared to the
prior year, State Shared
Revenues are above by
$185k or 4%. Compared to
the projected budget, the
City is collecting $439k or
11% 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 receiving 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 $6.9 million or 98% of the budget. The
following sections provide detail information for Public Safety, Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totalled
$553k 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 $190k or 26% less.
Compared to the year‐to‐date
budget, the City is over budget by
$109k or 25%. The large January
2014 variance is due to the timing
of when Valley Narcotics
Enforcement Team (VNET)
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 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 33,339 (157,484) ‐83% (58,035) ‐64%
Nov 37,507 29,303 ‐
Dec 65,704 39,982 ‐
YTD Total 743,197$ 443,796$ 553,274$ (189,923)$ ‐26% 109,478$ 25%
Annual Total 846,409$ 513,081$
2015 vs. Budget
Month
2015 vs. 2014
Year to Date through October
Public Safety Services
Intergovernmental 2014 2015 Bgt YTD Act Change 2015/2014 2015 Act vs Bgt
Fire District #25 1,214,892$ 682,084$ 682,084$ (532,808)$ ‐44% $ ‐ 0%
Fire District #40 2,559,708 2,739,445 2,739,445 179,737 7%‐ 0%
State Shared Revenue 4,199,084 3,945,497 4,384,575 185,491 4% 439,078 11%
Federal Grants 1,108,293 655,667 655,667 (452,626) ‐41%‐ 0%
State Grants 41,174 39,894 39,894 (1,280) ‐3%‐ 0%
Other Grants/Intgovt 148,789 887,035 880,802 732,014 492% (6,233) ‐1%
ARRA Grants ‐ 0 ‐ ‐ N/A ‐ 0%
Total Rev YTD 9,271,938$ 8,949,621$ 9,382,466$ 110,528$ 1%432,845$ 5%
Total Rev Annual 13,664,242$ 13,251,387$
YTD %68% 68% 71%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
2014 2015 2015
Actual Budget Actual $ % $ %
Crim Just Sales Tax 1,865,100$ 1,897,104$ 2,048,498$ 183,397$ 10% 151,393$ 8%
Judicial Contribution 22,669 ‐ 21,873 (796) ‐4% 21,873 100%
Crim Just ‐ High Crime 253,799 ‐ 125,694 (128,105) ‐50% 125,694 100%
Crim Just ‐ Pop 24,563 24,000 25,972 1,410 6% 1,972 8%
Crim Just ‐ Spec Prog 91,026 89,000 95,162 4,136 5% 6,162 7%
State DUI 17,201 17,000 14,725 (2,476) ‐14% (2,275) ‐13%
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 179,526 220,000 264,628 85,102 47% 44,628 20%
Fuel Tax 1,108,299 1,060,782 1,146,260 37,961 3% 85,478 8%
YTD Total 4,199,084$ 3,945,497$ 4,384,575$ 185,491$ 4% 439,078$ 11%
Annual Total 5,045,728$ 4,777,519$
State Shared Revenues
2015 vs. 2014
Revenue
Year to Date through October
2015 vs. Budget
Page 6 of 36
Monthly Financial Report October 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 $55k
for the current month. Compared
to the same month the prior year,
the City collected $17k or 24%
less. Compared to the projected
monthly budget, the City
collected $27k or 33% less. The
year‐to‐date collection of $1.5
million is $64k or 5% higher than
the year before and is also $6k
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 $99k 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
$2.6 million. Compared to the
prior year, the revenues are under
by $129k or 5%. Compared to the
projected budget, the revenues
are below by $61k or 2%. 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 55,478 (17,136) ‐24% (27,432) ‐33%
Nov 36,383 54,128 ‐
Dec 29,129 48,876 ‐
YTD Total 1,419,612$ 1,477,612$ 1,483,946$ 64,334$ 5% 6,334$ 0%
Annual Total 1,485,123$ 1,580,616$
2015 vs. Budget2015 vs. 2014
Month
Recreation
Year to Date through October
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 256,662 268,496 283,145 26,483 10% 14,649 5%
Nov 254,192 268,496 ‐
Dec 263,607 268,496 ‐
YTD Total 2,752,705$ 2,684,956$ 2,623,464$ (129,241)$ ‐5% (61,492)$ ‐2%
Annual Total 3,270,503$ 3,221,947$
2015 vs. Budget
Month
Interfund Services
Year to Date through October
2015 vs. 2014
Page 7 of 36
Monthly Financial Report October 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
$2.4 million. This is $281k or 13%
higher than a year ago but is
$283k or 10% 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
$1.8 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 239,990 262,728 260,327 20,336 8% (2,402) ‐1%
Nov 287,406 292,068
Dec 256,092 325,729
YTD Total 2,139,450$ 2,702,703$ 2,419,988$ 280,537$ 13% (282,716)$ ‐10%
Annual Total 2,682,948$ 3,320,500$
Month
2015 vs. Budget2015 vs. 2014
Year to Date through October
Fines and Penalties by Month
Year to Date through October
2014 2015 2015
Actual Budget Actual $ % $ %
Civil Penalties 5,197$ 12,814$ 2,619$ (2,578)$ ‐50% (10,195)$ ‐80%
Civil Infraction Penalties 439,516 493,528 306,757 (132,759) ‐30% (186,771) ‐38%
Civil Parking Infraction Penalties 149,808 159,005 127,771 (22,037) ‐15% (31,234) ‐20%
Photo Enforcement Program 1,312,473 1,786,527 1,756,603 444,130 34% (29,924) ‐2%
Criminal Traffic Misdemeanor Fines 70,772 93,229 66,670 (4,102) ‐6% (26,559) ‐28%
Criminal Non‐Traffic Fines 32,999 37,874 48,529 15,530 47% 10,655 28%
Criminal Costs 104,814 100,451 81,459 (23,355) ‐22% (18,992) ‐19%
Non‐Court Fines, Forfeitures and Penalties 23,871 19,274 29,579 5,708 24% 10,305 53%
YTD Total 2,139,450$ 2,702,703$ 2,419,988$ 280,537$ 13% (282,716)$ ‐10%
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 170,949 186,018 88,955 94,108 91,911
Nov 199,054 ‐ 88,955 ‐ ‐
Dec 208,419 ‐ 88,955 ‐ ‐
YTD Total 1,786,527$ 1,756,603$ 889,550$ 873,274$ 883,329$
Annual Total 2,194,000$ 1,067,460$
1Actuals of Revenues and Expenses
Photo Enforcement Program
Year to Date through October
Month
Revenues Expenses
Page 8 of 36
Monthly Financial Report October 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 $1.8 million.
Compared to last year, the
revenues are above by $106k or
6%. Compared to the projected
year‐to‐date budget, the revenues
are over by $245k or 16%. 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 budget due to the timing of when interfund interest was recorded from Surface
Water to Street Maintenance (prior year, trued up in September). Budget will correct itself at year‐end.
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 77% of its budgeted general governmental expenditures at the end of October. This is $2.7
million or 2.9% 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 119,594 105,792 173,512 53,918 45% 67,721 64%
Nov 128,732 106,773
Dec 491,839 533,961
YTD Total 1,678,015$ 1,539,475$ 1,784,234$ 106,220$ 6% 244,759$ 16%
Annual Total 2,298,586$ 2,180,209$
Year to Date through October
Month
2015 vs. Budget2015 vs. 2014
Miscellaneous Revenues by Month
2014 2015 2015
Actual Budget Actual $ % $ %
Interests and Other Earnings 545,901$ 395,161$ 575,152$ 29,251$ 5% 179,991$ 46%
Rents, Leases, and Concessions 660,858 658,224 703,210 42,352 6% 44,986 7%
Contributions/Donations from Private Sources 90,257 94,619 124,712 34,455 38% 30,093 32%
Other 321,406 248,637 359,484 38,078 12% 110,847 45%
Seizure Funds ‐ Federal/State/Local 59,593 142,834 21,676 (37,917) ‐64% (121,157) ‐85%
YTD Total 1,678,015$ 1,539,475$ 1,784,234$ 106,220$ 6% 244,759$ 16%
Annual Total 2,298,586$ 2,180,209$
2015 vs. Budget
Miscellaneous Revenues by Type
Year to Date through October
Revenue
2015 vs. 2014
Page 9 of 36
Monthly Financial Report October 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 ‐ ‐ ‐ ‐ 85,025 48,850 ‐
Grants / intergovernmental 1,958,817 ‐ 109,496 ‐ 15,161 1,065,395 ‐
Charges for services 122,255 1,794,259 14,569,340 15,208,637 8,243,466 8,901,471 13,353,179
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 2,598 ‐ ‐ ‐ 545 ‐ ‐
Rents, leases, and misc fees 2,071,664 382,637 81,701 133,671 ‐ ‐ ‐
Interest and other misc 4,908 8,913 12,709 829,983 856,928 1,136,851 14,756
TOTAL REVENUES 4,160,242 2,185,809 14,773,246 16,172,291 9,201,125 11,152,567 13,367,935
EXPENSES:
Utility billing ‐ ‐ 103,819 92,837 74,479 119,610 ‐
Utility systems ‐ ‐ 12,563,403 3,316,636 2,661,372 2,842,694 ‐
Utility maintenance ‐ ‐ 234,707 4,406,535 1,260,826 2,130,837 12,748,800
Transportation 1,399,605 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 1,668,540 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 1,399,605 1,668,540 12,901,929 7,816,008 3,996,677 5,093,141 12,748,800
AMOUNT AVAILABLE FOR DEBT SERVICE 2,760,637 517,269 1,871,318 8,356,283 5,204,448 6,059,426 619,135
DEBT SERVICE:
Principal ‐ ‐ ‐ 395,175 265,745 42,590 ‐
Interest ‐ ‐ ‐ 297,136 148,920 561,025 ‐
TOTAL DEBT SERVICE ‐ ‐ ‐ 692,311 414,665 603,615 ‐
CAPITAL PROJECTS 2,146,831 ‐ ‐ 703,250 689,952 2,641,053 ‐
TRANSFERS IN/(OUT)‐ ‐ (1,153) (3,717) (856) (530) ‐
CHANGE IN FUND BALANCE 613,806 517,269 1,870,165 6,957,005 4,098,975 2,814,228 619,135
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, Oct 31 1,420,627 474,358 3,415,771 22,829,099 11,688,064 10,618,449 3,935,445
Page 10 of 36
Monthly Financial Report October 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 ‐ 158,236 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ ‐ ‐ ‐ ‐ ‐ 40,057
Charges for services
Equipment rental m&o 2,323,160 2,924,043 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 73,478 ‐ 350,372 ‐ ‐ ‐
Communications ‐ 3,183 ‐ 480,791 ‐ ‐ ‐
Facilities ‐ ‐ 4,101,235 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 133,694 ‐ ‐ ‐ ‐ ‐
IT service contracts ‐ 410,380 ‐ ‐ ‐ ‐ ‐
Interest and other misc 21,410 8,932 5,496 1,931 56,151 28,390 33,499
Internal service fund misc:
Vehicle / equipment capital recovery 2,467,477 141,668 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 1,546,790 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 1,542,829 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 9,672,715 1,855,502
Other misc 1,868 300 3,608 17 ‐ 972,906 ‐
Interfund Loan ‐ ‐ ‐ ‐ 143,079 ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 93,068 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 67,546 ‐ ‐
TOTAL REVENUES 4,906,983 3,853,914 4,110,339 833,111 3,356,395 10,674,011 1,929,058
EXPENSES:
Communications 345,664
Equipment rental 1,771,269
Facilities 3,600,952
Healthcare 10,202,749
Information technology 3,129,421
Print and mail 305,377
Retiree healthcare 976,190
Risk management:
Ri sk management 1,571,460
Unemployment 37,850
Worker's compensation 1,214,965
TOTAL EXPENSES 1,771,269 3,129,421 3,600,952 651,041 2,824,275 10,202,749 976,190
AMOUNT AVAILABLE FOR CAPITAL 3,135,714 724,493 509,387 182,070 532,120 471,262 952,868
CAPITAL PROJECTS 3,343,410 304,826 343,371 ‐ ‐ ‐ ‐
TRANSFERS IN 125,500 63,863 ‐ ‐ 1,300,000 ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE (82,196) 483,530 166,016 182,070 1,832,120 471,262 952,868
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, Oct 31 5,228,123 2,399,578 1,320,105 566,039 13,901,431 7,146,767 8,664,731
Page 11 of 36
Monthly Financial Report October 2015
FUND BALANCE
Page 13 shows the ending fund balance as of October 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 October, the City has $20.1 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 $2.5 million
from the year’s beginning balance. October’s ending fund balance is over the anticipated General Governmental Fund Balance
of $16.6 million by $3.5 million or 21.2%. 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 October 2015
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through October 31, 2015
Funds
Balance
01/01/2015
Budgeted
Revenue
Revenue
10/31/15
Total Funds
Available
Budgeted
Expenditure
Expenditure
10/31/15 Ending Balance
GENERAL GOVERNMENT FUNDS: 17,565,282 128,461,095 106,806,349 124,371,631 130,898,969 104,282,000 20,089,631
000 General 11,159,313 84,865,472 69,551,824 80,711,137 87,025,065 70,750,329 9,960,808
001 Community Services 2,467,703 12,478,920 9,799,229 12,266,932 12,608,356 9,760,104 2,506,828
003 Street 2,147,229 10,186,242 8,119,427 10,266,656 10,353,242 8,206,492 2,060,164
004 Community Dev Block Grant 74,951 462,908 ‐ 74,951 448,804 53,840 21,111
005 Museum 65,500 227,761 170,999 236,499 227,761 189,243 47,256
009 Farmers Market 104,950 59,400 59,063 164,013 59,453 71,255 92,758
011 Fire Health & Wellness 74,565 25,000 21,002 95,567 25,000 11,318 84,249
201 Ltd GO Bonds Gen Govt Debt 838,633 1,749,405 1,317,321 2,155,954 1,749,405 97,050 2,058,904
215 Gen Govt Misc Debt Service 632,438 18,405,987 17,767,484 18,399,922 18,401,883 15,142,368 3,257,553
SPECIAL REVENUE FUNDS: 1,100,381 1,786,631 1,515,716 2,616,097 1,807,969 1,101,614 1,514,483
102 Arterial Street 14,885 640,000 540,432 555,317 640,000 ‐ 555,317
108 Leased City Properties 121,014 768,957 601,930 722,944 663,403 869,250 (146,306)
110 Hotel Motel 219,090 265,000 267,366 486,456 283,942 151,834 334,622
125 1% For Art 101,380 15,000 415 101,795 102,950 ‐ 101,795
127 Cable Communication 313,090 97,674 104,222 417,312 117,674 80,530 336,782
135 Springbrook Wetlands Bank 330,922 ‐ 1,351 332,273 ‐ ‐ 332,273
CAPITAL PROJECT FUNDS (CIP):27,979,966 25,305,129 11,396,024 39,375,990 48,907,406 19,977,578 19,398,412
303 Community Dev Mitigation 1,238,600 86,500 353,252 1,591,852 ‐ ‐ 1,591,852
304 Fire Mitigation 926,488 99,000 466,487 1,392,975 250,000 ‐ 1,392,975
305 Transportation Mitigation 844,648 600,000 1,374,902 2,219,550 1,152,335 ‐ 2,219,550
316 Municipal Facilities CIP 4,493,986 5,546,015 4,677,318 9,171,304 9,746,585 4,537,474 4,633,830
317 Transportation CIP 4,059,718 18,973,614 4,475,232 8,534,950 22,353,726 4,912,793 3,622,157
326 Housing Opportunity 1,086,766 ‐ 4,326 1,091,092 75,000 50,000 1,041,092
336 New Library Development 15,329,760 ‐ 44,507 15,374,267 15,329,760 10,477,311 4,896,956
ENTERPRISE FUNDS:36,891,230 97,849,061 71,054,878 107,946,108 107,984,277 53,564,298 54,381,810
4X2 Airport Operating & CIP 806,821 16,596,888 4,160,240 4,967,061 16,469,927 3,546,436 1,420,625
403 Solid Waste Utility 1,545,606 16,461,726 14,773,247 16,318,853 16,675,139 12,903,082 3,415,771
4X4 Golf Operating & CIP (42,911) 2,655,383 2,227,474 2,184,563 2,616,052 1,710,207 474,356
4X5 Water Operating & CIP 15,872,094 16,272,634 16,172,290 32,044,384 20,799,381 9,215,286 22,829,098
4X6 Waste Water Operating & CIP 7,589,089 11,979,140 9,201,125 16,790,214 13,588,076 5,102,149 11,688,065
416 King County Metro 3,316,310 16,638,722 13,367,934 16,684,244 16,638,722 12,748,800 3,935,444
4X7 Surface Water Operating & CIP 7,804,221 17,244,568 11,152,568 18,956,789 21,196,980 8,338,338 10,618,451
INTERNAL SERVICE FUNDS:35,221,104 37,393,475 31,153,174 66,374,278 37,332,083 27,147,506 39,226,772
501 Equipment Repair/Replacement 5,310,319 5,901,271 5,032,484 10,342,803 7,436,777 5,114,680 5,228,123
502 Insurance 12,069,311 5,641,647 4,656,395 16,725,706 3,594,578 2,824,276 13,901,430
503 Information Services 1,916,048 4,677,631 3,917,777 5,833,825 5,653,265 3,434,247 2,399,578
504 Facilities 1,154,089 4,954,325 4,110,339 5,264,428 5,115,716 3,944,323 1,320,105
505 Communications 383,969 992,431 833,111 1,217,080 991,430 651,041 566,039
512 Insurance, Healthcare 6,675,505 12,954,736 10,674,010 17,349,515 13,424,573 10,202,749 7,146,766
522 Insurance, Leoff1 Retirees HC 7,711,863 2,271,434 1,929,058 9,640,921 1,115,744 976,190 8,664,731
FIDUCIARY FUNDS:5,040,982 468,000 158,516 5,199,498 210,475 183,549 5,015,949
611 Firemen's Pension 5,040,982 468,000 158,516 5,199,498 210,475 183,549 5,015,949
TOTAL FUNDS 123,798,945 291,263,391 222,084,657 345,883,602 327,141,179 206,256,545 139,627,057
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 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 93,114,545 90,590,196 2,524,349 20,089,631
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 5,748,533 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 92,300,567 93,114,545 0.88%
Nov 107,295,149
Dec 114,769,291
Percent of budget 81.13%
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 26,190,113 -9.08%
Nov 35,032,115
Dec 36,040,000
Percent of budget 72.67%
$-
$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 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 16,939,671 4.13%
Sep 18,318,344 19,289,499 5.30%
Oct 20,462,487 21,542,909 5.28%
Nov 22,646,995
Dec 24,759,699
Percent of budget 87.01%
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 14,401,842 -3.09%
Nov 16,094,851
Dec 17,607,734
Percent of budget 81.79%
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
$20Millions 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 2,976,733 12.01%
Sep 2,918,335 3,473,896 19.04%
Oct 3,399,093 3,919,158 15.30%
Nov 3,693,994
Dec 3,911,417
Percent of budget 100.20%
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 8,949,621 9,382,466 4.84%
Nov 12,540,722
Dec 13,251,387
Percent of budget 70.80%
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 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 6,915,071 15.06%
Nov 6,476,933
Dec 7,084,345
Percent of budget 97.61%
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 2,419,988 -10.46%
Nov 2,994,771
Dec 3,320,500
Percent of budget 72.88%
$-
$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 5,002,153 14.27%
Sep 4,721,202 5,518,082 16.88%
Oct 5,563,642 6,551,157 17.75%
Nov 5,934,771
Dec 6,359,000
Percent of budget 103.02%
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 1,784,234 15.90%
Nov 1,646,248
Dec 2,180,209
Percent of budget 81.84%
$-
$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 7,607 7,607 0.00%
Sep 7,607 7,607 0.00%
Oct 7,607 7,607 0.00%
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 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 2,838,154 2,884,653 1.64%
Sep 3,156,396 3,334,347 5.64%
Oct 3,561,623 3,832,325 7.60%
Nov 3,798,775
Dec 4,000,000
Percent of budget 95.81%
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 5,157,161 32.20%
Nov 4,252,721
Dec 4,679,749
Percent of budget 110.20%
$-
$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
$5.50
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 8,900,844 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 93,290,679 90,590,196 -2.89%
Nov 105,919,546
Dec 117,207,165
Percent of budget expended 88.97%
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 279,819 267,722 -4.32%
Nov 307,043
Dec 335,838
Percent of budget expended 79.72%
$-
$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 1,085,450 -3.13%
Sep 1,257,659 1,239,205 -1.47%
Oct 1,400,057 1,358,895 -2.94%
Nov 1,537,283
Dec 1,714,717
Percent of budget expended 79.25%
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 1,510,380 -4.69%
Nov 1,745,168
Dec 2,001,421
Percent of budget expended 75.47%
$-
$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 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 1,669,036 -5.49%
Nov 1,933,771
Dec 2,157,721
Percent of budget expended 77.35%
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 1,004,505 3.38%
Nov 1,068,592
Dec 1,177,608
Percent of budget expended 85.30%
$-
$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 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 2,174,837 -11.58%
Nov 2,699,137
Dec 2,954,321
Percent of budget expended 73.62%
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 854,274 535,152 -37.36%
Nov 938,288
Dec 1,063,786
Percent of budget expended 50.31%
$-
$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 1,737,966 0.68%
Sep 1,971,643 1,965,628 -0.31%
Oct 2,223,724 2,195,594 -1.26%
Nov 2,452,676
Dec 2,714,466
Percent of budget expended 80.88%
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 2,264,451 -2.20%
Nov 2,526,251
Dec 3,167,120
Percent of budget expended 71.50%
$-
$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 745,168 552,466 -25.86%
Sep 810,502 618,893 -23.64%
Oct 876,269 727,698 -16.96%
Nov 938,389
Dec 1,091,558
Percent of budget expended 66.67%
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 1,068,605 957,363 -10.41%
Nov 1,178,873
Dec 1,316,577
Percent of budget expended 72.72%
$-
$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 21,384,709 21,233,544 -0.71%
Sep 24,238,165 24,057,053 -0.75%
Oct 26,760,224 26,592,484 -0.63%
Nov 29,604,248
Dec 32,571,356
Percent of budget expended 81.64%
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 21,926,869 -2.15%
Nov 24,560,558
Dec 26,890,757
Percent of budget expended 81.54%
$-
$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 367,593 334,458 -9.01%
Sep 412,944 377,704 -8.53%
Oct 457,663 419,558 -8.33%
Nov 506,080
Dec 560,787
Percent of budget expended 74.82%
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 3,675,425 -10.15%
Nov 4,476,422
Dec 4,870,254
Percent of budget expended 75.47%
$-
$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 564,003 489,839 -13.15%
Sep 646,544 564,806 -12.64%
Oct 724,329 659,859 -8.90%
Nov 807,560
Dec 999,004
Percent of budget expended 66.05%
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 4,302,363 -2.70%
Nov 4,779,294
Dec 5,200,923
Percent of budget expended 82.72%
$-
$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 48,572 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 937,329 989,382 5.55%
Nov 1,010,163
Dec 1,204,977
Percent of budget expended 82.11%
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 831,121 774,155 -6.85%
Nov 918,936
Dec 1,036,841
Percent of budget expended 74.66%
$-
$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 150,608 151,082 0.31%
Sep 169,866 170,064 0.12%
Oct 189,289 189,243 -0.02%
Nov 208,614
Dec 227,761
Percent of budget expended 83.09%
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 334,125 323,704 -3.12%
Nov 364,445
Dec 395,867
Percent of budget expended 81.77%
$-
$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 3,381,140 -0.40%
Sep 3,834,705 3,791,733 -1.12%
Oct 4,322,555 4,197,786 -2.89%
Nov 4,746,267
Dec 5,186,713
Percent of budget expended 80.93%
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 4,008,706 -3.33%
Nov 4,511,249
Dec 5,166,529
Percent of budget expended 77.59%
$-
$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 1,323,214 1,323,214 0.00%
Sep 1,323,214 1,323,214 0.00%
Oct 1,547,614 1,547,614 0.00%
Nov 5,921,194
Dec 6,459,484
Percent of budget expended 23.96%
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 6,317,413 6,317,413 0.00%
Nov 6,179,046
Dec 6,740,778
Percent of budget expended 93.72%
$-
$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 51,790,989 38,739,436
Sep 60,520,029 58,125,298 43,639,627
Oct 67,617,877 64,667,098 48,304,856
Nov 74,232,293
Dec 88,898,298
Percent of budget expended 44.30%
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 4,160,241 3,546,436
Nov 14,062,517
Dec 16,469,927
Percent of budget expended 21.53%
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 1,838,160 1,356,952
Sep 1,741,845 2,062,396 1,528,872
Oct 1,899,744 2,227,475 1,710,206
Nov 2,046,993
Dec 2,616,052
Percent of budget expended 65.37%
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