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HomeMy WebLinkAbout201201, January.pdfFINANCE AND  INFORMATION TECHNOLOGY    M   E   M   O   R   A   N   D   U   M       DATE: March 20, 2012     TO: Rich Zwicker, Council President  Members of the Renton City Council     CC: Denis Law, Mayor  Administrators     FROM: Hai Nguyen, Sr. Finance Analyst     SUBJECT: January 2012 Financial Status Report       At the end of January, general governmental revenues show $67k or 1.3% over budget.   Revenues sources that are higher than expected are: utility taxes ($42k); gambling excise taxes  ($63k); building permits & development service fees ($48k); state shared revenues ($62k); and  rents, leases, and concessions ($31k).  On the down side, the revenue sources that are  underperforming the year to date budget are: property taxes ($106k below); sales tax ($61k  below); franchise fees ($27k below); and real estate excise taxes ($68k below).    General government expenditures showed favorable variances of $492k or 6.9%.  $270k of the  saving is due to the timing of payment for communication services provide by Valley  Communications.  See page 9 of report for further expenditure savings/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.      General  Governmental Funds $% Beginning Fund Balance 11,955,285$       11,955,285$       11,407,119$       11,407,119$       9,338,707$          9,338,707$          11,057,551$       1,718,844$   18.4% OPERATING REVENUES Property Tax 31,497,128          218,705                  32,357,894          505,501                  32,896,746          255,343                  149,112                  (106,231)          ‐41.6% Sales  Tax 17,198,220          1,289,364             17,729,731          1,339,658             17,864,000          1,388,527             1,327,548             (60,980)             ‐4.4% Sales  Tax ‐ Annexation  Credit 2,025,660             153,295                  2,033,954             158,398                  2,101,647             163,670                  165,474                  1,804                1.1% Criminal Justice Sales  Tax 1,620,479             126,465                  1,809,757             132,724                  1,867,145             136,932                  145,992                  9,059                6.6% Natural  Gas  Use Tax 228,514                  20,459                     249,407                  22,911                     270,394                  24,839                     28,093                     3,254                13.1% Admission  Tax 291,399                  74,777                     308,200                  70,405                     350,000                  79,953                     73,420                     (6,534)                ‐8.2% Franchise  Fees 1,222,444             45,703                     1,234,448             305,646                  1,323,000             327,571                  300,392                  (27,179)            ‐8.3% Electricity Tax 5,036,907             526,090                  5,166,711             476,061                  5,283,280             486,801                  493,043                  6,242                1.3% Natural  Ga s  Utility Tax 1,577,756             247,250                  1,848,806             218,308                  1,950,000             230,257                  233,174                  2,917                1.3% Transfer  Station 269,912                  5,937                        297,474                  20,780                     248,762                  17,377                     17,157                     (220)                    ‐1.3% TV Cable 1,296,744             ‐                              1,385,275             118,469                  1,427,679             122,095                  118,851                  (3,244)                ‐2.7% Telephone 1,038,009             79,580                     966,827                  73,415                     1,000,000             75,934                     75,154                     (780)                    ‐1.0% Cellular Phone 2,206,637             186,705                  2,054,183             179,272                  2,309,360             201,542                  221,778                  20,236             10.0% City Utilities 2,853,884             216,909                  3,516,179             253,808                  3,665,728             264,603                  281,927                  17,324             6.5% Leasehold Excise  Tax 138,830                  ‐                              162,593                  ‐                              145,000                  ‐                              ‐                              ‐                      0.0% Gambling Excise Tax 1,546,386             135,608                  1,671,414             118,304                  1,600,000             113,250                  175,959                  62,710             55.4% Real  Estate Excise  Tax 2,464,489             71,303                     2,074,059             161,911                  2,025,000             157,987                  77,631                     (80,356)             ‐50.9% Less: Municipal  Facilities CIP REET (400,000)                (11,884)                   (400,000)                (28,006)                   (400,000)                (28,006)                   (15,335)                   12,672              ‐45.2% EMS Levy 1,161,114             ‐                              868,873                  ‐                              1,007,976             ‐                              ‐                              ‐                      0.0% Business  License Fees 431,782                  77,955                     442,451                  84,109                     469,817                  89,311                     88,676                     (635)                    ‐0.7% Other  Licenses and Permits 262,629                  20,561                     232,534                  14,017                     213,305                  12,858                     23,034                     10,176             79.1% Building Permits  & Development Svc Fees 2,437,270             394,165                  2,772,779             132,621                  2,466,063             112,664                  160,750                  48,086             42.7% Intergovt'l (Grants, State  Shared, etc) 4,426,676             245,381                  4,737,323             431,946                  4,381,262             252,514                  305,199                  52,686             20.9% Fire District 25 and 40 Contracts 5,252,877              ‐                              6,110,668             1,173                        6,008,694             11,673                     11,673                      ‐                      0.0% Public Safety 482,343                  35,994                     484,985                  18,824                     430,635                  16,715                     15,229                     (1,486)                ‐8.9% Culture and Recreation 1,424,932             62,673                     1,493,540             61,933                     1,660,863             68,872                     62,072                     (6,800)                ‐9.9% Interfund/Interdept‐Services 3,190,908             242,658                  3,070,506             190,881                  3,414,200             212,247                  237,384                  25,137             11.8% Fines  and Forfeits 1,291,817             5,172                        1,163,602             25                               1,088,750             41                               25                               (16)                       ‐38.8% Photo Enforcement 1,925,159             187,281                  1,897,782             165,696                  1,944,713             169,793                  183,453                  13,659             8.0% Seizure Funds ‐ Federal/State/Local 221,046                  46,627                     83,220                     ‐                              180,693                  ‐                              ‐                              ‐                      0.0% Interests and Other Earnings 327,558                  21,570                     294,452                  12,157                     195,400                  8,067                        22,742                     14,674             181.9% Rents, Leases, and Concessions 727,338                  135,736                  744,834                  122,667                  701,464                  115,524                  146,205                  30,681             26.6% Contributions  and Donations 133,756                  3,016                        196,586                  6,055                        105,000                  3,234                        27,820                     24,586             760.3% Other  Miscellaneous 290,239                  16,501                     341,878                  9,339                        357,358                  9,596                        15,502                     5,906                61.6% Other  Financing Sources  (Transfer‐In, etc) 653,595                   ‐                              1,073,507              ‐                              1,037,752              ‐                               ‐                               ‐                      0.0% Total  Operating Revenues 96,754,435          4,881,556             100,476,431       5,379,006             101,591,685       5,101,783             5,169,136             67,353             1.3% OPERATING EXPENDITURES Legislative 259,345                  21,032                     271,236                  22,021                     284,087                  23,052                     21,995                     1,057                4.6% Executive 1,578,526             134,784                  1,566,906             112,718                  1,468,694             115,566                  75,851                     39,715             34.4% Hearing Examiner 174,447                  14,619                     59,878                     14,189                     71,025                     8,732                        1,731                        7,001                80.2% City Attorney 1,565,597             127,162                  1,596,609             130,446                  1,668,686             135,939                  136,926                  (987)                    ‐0.7% Court Services 2,007,599             168,470                  2,084,170             163,613                  2,147,819             174,315                  166,993                  7,322                4.2% Community and Eco Dvlpmnt Admin 579,396                  44,995                     929,814                  77,455                     952,912                  77,315                     79,562                     (2,247)                ‐2.9% Development Services 2,946,413             285,403                  2,810,736             231,587                  3,181,944             285,738                  239,412                  46,326             16.2% Economic Development 1,322,004             92,877                     724,970                  68,491                     735,088                  57,949                     51,733                     6,216                10.7% Planning 1,774,508             132,451                  1,447,781             104,320                  1,516,719             111,447                  121,734                  (10,286)            ‐9.2% Finance 2,214,458             145,053                  2,134,667             155,421                  1,969,836             136,092                  152,157                  (16,065)             ‐11.8% City Clerk 789,209                  48,025                     736,880                  49,604                     897,889                  57,441                     51,770                     5,671                9.9% Human Resources 861,221                  71,457                     888,252                  86,565                     946,956                  85,534                     69,265                     16,269             19.0% Police 23,946,386          2,106,661             24,737,346          2,232,881             24,746,366          2,205,827             1,904,823             301,004          13.6% Jail Services 3,539,035             153,958                  6,206,735             136,293                  4,740,599             193                            193                            ‐                      0.0% Fire 21,554,792          1,768,398             22,511,597          1,754,253             24,056,171          1,923,042             1,891,121             31,921             1.7% Community Services  Admin 1 1,063,011             45,998                     416,284                  33,774                     421,043                  22,705                     39,072                     (16,367)             ‐72.1% Parks 3,421,424             209,312                  3,829,676             261,191                  4,034,496             261,786                  274,545                  (12,759)             ‐4.9% Parks  Planning & Natural  Resources 448,574                  14,316                     551,423                  34,349                     595,868                  28,998                     36,047                     (7,049)                ‐24.3% Recreation 4,433,420             279,542                  4,974,002             361,259                  5,263,801             358,551                  304,539                  54,013             15.1% Human Services 1,326,778             54,186                     1,247,294             53,756                     1,250,561             52,442                     58,787                     (6,345)                ‐12.1% Neighborhoods, Resources, & Events 331,222                  21,438                     610,545                  36,383                     692,698                  42,529                     41,419                     1,110                2.6% Library 2,289,692             173,794                  2,030,000             2,619                        230,000                  2,500                        2,500                        ‐                      0.0% Museum 191,090                  15,310                     210,620                  17,146                     213,533                  17,252                     17,791                     (539)                    ‐3.1% Public Works Admin 1 514,858                  42,532                     452,538                  37,289                     465,889                  38,441                     39,864                     (1,423)                ‐3.7% Street Maintenance 3,412,892             240,463                  3,534,025             279,841                  3,728,945             279,287                  285,940                  (6,653)                ‐2.4% Transportation 5,215,309             400,577                  4,509,066             308,560                  4,711,542             343,583                  288,400                  55,183             16.1% Debt Service 4,707,100              ‐                              4,822,566             4,600                        6,531,373              ‐                               ‐                               ‐                      0.0% Non‐Departmental and Other 4,834,296             348,715                  4,930,383             219,534                  2,944,248             313,245                  313,245                   ‐                      0.0% Total  Operating  Expenditures 97,302,601          7,161,528             100,825,999       6,990,159             100,468,787       7,159,501             6,667,414             492,087          6.9% Total  Ending Fund Balance 11,407,119$       9,675,313$          11,057,551$       9,795,967$          10,461,605$       7,280,989$          9,559,274$          2,278,285      31.3% 1Facilities was  included in Community Services  Admin  and Technical Services  was  included in Public Works  Admin in 2010 Favorable (Unfavorable) 2010 2011 2012 Variance Annual Actual YTD Actual Annual Budget YTD Budget YTD ActualSummary of Sources and Uses Annual Actual YTD Actual Monthly Financial Report January 2012 Page 1 of 36 Monthly Financial Report January 2012        OVERVIEW  This financial overview reflects the City’s overall financial position for the fiscal year through January 31, 2012.  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 year.  The table on the previous page summarizes the general governmental  fund revenues and expenditures.    Revenues    Taxes   The combined collection of property, sales/use, utility, gambling, admissions, and real estate excise taxes represents 72% of  all resources supporting general governmental activities.   The following section provides detail information on property,  sales, utility, and other taxes.    Property Tax  January’s collection is $149k,  making the total year‐to‐date  collection $149k or 0.5% of the  total budget.  In comparison to  the previous year, the City  collected $356k or 71% less.   Compared to the budget, the City  is below projections by $106k or  42%.  2012’s monthly budgets are  based on 2009 through 2011  collections.  The variance from the  prior year is due to a portion  ($129k) of 2010’s collection being  receipted in January 2011.  Taking  this into consideration, the City is  $227k or 60% behind 2011.          Sales Tax  January 2012 sales tax receipts totalled  $1.3 million.  Compared to the same  month last year, it is $12k or 1% less.   Compared to the projected current  month’s budget, it is $61k or 4%  below.    2011 2012 2012 Actual Budget Actual $ % $ % Jan 505,501$         255,343$         149,112$         (356,390)$     ‐71% (106,231)$     ‐42% Feb 336,193            316,911             Mar 745,285            675,495             Apr 7,618,492        7,776,464         May 7,849,481        8,109,059         Jun 54,963               98,578                Jul 112,076            106,083             Aug 25,954               84,126                Sep 467,946            421,108             Oct 7,014,860        6,907,167         Nov 7,348,025        7,974,601         Dec 279,117            171,812             YTD Total 505,501$         255,343$         149,112$         (356,390)$     ‐71% (106,231)$     ‐42% Annual Total 32,357,894$  32,896,746$   Property Tax  Revenues Year to Date through January 2012 vs . 2011 2012 vs. Budget Month 2011 2012 2012 Actual Budget Actual $ % $ % Jan 1,339,658$     1,388,527$     1,327,548$     (12,111)$      ‐1% (60,980)$    ‐4% Feb 1,982,269        1,787,327         ‐                         Mar 1,299,237        1,372,298         ‐                         Apr 1,254,867        1,391,509        ‐                         May 1,590,780        1,578,875        ‐                         Jun 1,368,213        1,422,596        ‐                         Jul 1,437,859        1,411,637        ‐                         Aug 1,534,218        1,522,536        ‐                         Sep 1,472,399        1,468,712        ‐                         Oct 1,517,444        1,529,207        ‐                         Nov 1,508,954        1,522,978        ‐                         Dec 1,423,832        1,467,796        ‐                         YTD  Total 1,339,658$     1,388,527$     1,327,548$     (12,111)$      ‐1% (60,980)$    ‐4% Annual Total 17,729,731$  17,864,000$   2012 vs. Budget2012 vs. 2011 Month Year to Date through January Local Retail Sales  Tax  Revenues Page 2 of 36 Monthly Financial Report January 2012      The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business  sectors:  Sales  Tax  by Sector 2011 2012 Bgt YTD Act Change 2012/2011 2012 Act vs  Bgt New Construction 125,321$         108,548$         142,780$         17,459$          14%$           34,233 32% Auto  Sales 251,874            260,957            282,084            30,211             12%              21,128 8% General Retail 485,811            522,470            532,447            46,636             10%                 9,977 2% Manufacturing 61,291               56,728               (59,726)              (121,017)         ‐197%         (116,454)‐205% Wholesale 112,293            90,836               81,319               (30,973)            ‐28%               (9,517)‐10% Service 273,275            320,174            319,720            46,444             17%                    (455) 0% Other 29,794               28,815               28,923               (871)                    ‐3%                      108 0% Total 1,339,658$     1,388,527$     1,327,548$     (12,111)$        ‐1%(60,980)$          ‐4% Note: Excludes  Annexation  Credit and Criminal Justice Sales  Tax revenue.    The Manufacturing sector reported negative total due to a field audit adjustment for prior periods (2007‐2009) which  reduced our receipts by $131k.  If we exclude this adjustment, this sector is 16% above 2011 and 26% above our monthly  budget.      Utility tax   January utility tax revenues are $1.5  million, which is $106k or 8% higher  than the same month last year and is  also ahead of the budget by $46k or  3%.                             The table below breaks out Utility Tax by source.    Utility Tax by Type 2011 2012 Bgt YTD  Act Change  2012/2011  2012 Act  vs  Bgt  Electrical 476,061$         486,801$         493,043$         16,983$          4%$              6,242 1% Natural Gas 241,219            255,096            261,267            20,049             8%                 6,172 2% Cell 179,272            201,542            221,778            42,506             24%              20,236 10% Phone 73,415               75,934               75,154               1,739                2%                    (780)‐1% Cable 118,469            122,095            118,851            382                    0%               (3,244)‐3% Transfer Station 20,780               17,377               17,157               (3,623)               ‐17%                    (220)‐1% City Utilities 253,808            264,603            281,927            28,119             11%              17,324 7% YTD  Total 1,363,023$     1,423,448$     1,469,178$     106,155$       8%45,730$           3% Annual  Total 15,484,862$  16,155,203$   YTD  as % of 9%9%      2011 2012 2012 Actual Budget Actual $ % $ % Jan 1,363,023$     1,423,448$      1,469,178$     106,155$   8% 45,730$      3% Feb 1,448,275        1,512,984          Mar 1,480,840        1,546,398          Apr 1,370,718        1,433,422          May 1,291,530        1,350,150          Jun 1,203,475        1,256,117          Jul 1,188,526        1,240,117          Aug 1,165,863        1,217,180          Sep 1,176,526        1,225,853          Oct 1,202,559        1,253,072          Nov 1,232,640        1,281,314          Dec 1,360,887        1,415,147          YTD  Total 1,363,023$     1,423,448$      1,469,178$     106,155$   8% 45,730$      3% Annual Total 15,484,862$  16,155,203$    2012 vs. Budget2012 vs. 2011 Year to Date through January Utility Tax  Revenues Month Page 3 of 36 Monthly Financial Report January 2012      Other Taxes     Real Estate Excise Tax  The City collected $78k in Real Estate  Excise Tax revenues (REET) in January.   This is $80k or 51% below the current  month’s budget and $84k or 52% behind  the same month last year.  The short fall  (from the prior year) is due to lower real  estate activity for 2012.                      Gambling Tax  January’s Gambling Tax  collections total $176k.  Year‐to‐ date total of $176k is $58k or 49%  above the year before and is also  $63k or 55% above budget.  The  increase in January’s collection  from the previous January is due  to payment plans with two  establishments to remit their  monthly portions (starting in  October) of 2011 by year‐end,  which was receipted in the  beginning of 2012.  Approximately  $30k collected in January was for  the prior year.    Pull tabs overall had a 4%  increase, bingo reduced by 36%, and card‐rooms are seeing 15% higher in activities when compared to the prior year.        Franchise Fees  Franchise Fees are due quarterly  and the year‐to‐date revenue  collections are $300k or 23% of  the budget.  This is $27k or 8%  below the projected year‐to‐date  budget and is also $5k or 2%  lower than 2011. 2011 2012 2012 Actual Budget Actual $ % $ % Jan 161,911$      157,987$      77,631$         (84,280)$      ‐52% (80,356)$      ‐51% Feb 99,677            97,304             Mar 141,700         138,289          Apr 110,987         108,315          May 157,519         153,728          Jun 228,506         223,006          Jul 117,567         114,737          Aug 159,524         155,683          Sep 205,753         200,800          Oct 189,691         185,125          Nov 335,893         327,808          Dec 165,331         162,219          YTD  Total 161,911$      157,987$      77,631$         (84,280)$      ‐52% (80,356)$      ‐51% Annual  Total 2,074,059$  2,025,000$   Month 2012 vs. Budget2012 vs. 2011 Real Estate Ex cise  Tax  Revenues Year  to Date through January 2011 2012 2012 Actual Budget Actual $ % $ % Jan 118,304$      113,250$      175,959$      57,655$      49% 62,710$      55% Feb 135,926         130,118          ‐                      Mar 135,067         129,296         ‐                      Apr 162,459         155,518         ‐                      May 159,013         152,219         ‐                      Jun 151,240         144,778         ‐                      Jul 136,775         130,931         ‐                      Aug 144,161         138,001         ‐                      Sep 125,618         120,251         ‐                      Oct 92,937            88,966            ‐                      Nov 139,018         133,078         ‐                      Dec 170,897         163,595         ‐                      YTD  Total 118,304$      113,250$      175,959$      57,655$      49% 62,710$      55% Annual Total 1,671,414$  1,600,000$   2012 vs. 2011 2012 vs. Budget Gambling Tax  Revenue Month Year to Date through January 2011 2012 2012 Actual Budget Actual $ % $ % Jan 305,646$      327,571$      300,392$      (5,254)$        ‐2% (27,179)$     ‐8% Apr 294,560         315,690         ‐                      Jul 294,438         315,560         ‐                      Oct 292,692         313,688         ‐                      Dec 47,111            50,491            ‐                      YTD  Total 305,646$      327,571$      300,392$      (5,254)$        ‐2% (27,179)$     ‐8% Annual Total 1,234,448$  1,323,000$   Franchise  Fees Revenue Year to Date through January Month 2012 vs. 2011 2012 vs. Budget Page 4 of 36 Monthly Financial Report January 2012      Admission Tax   Admission Tax returns are due  quarterly in January, April, July,  and October each year.  January  2012 collections represent  activities conducted during the 4th  quarter of 2011.      The report shows an increase of  $3k or 4% from the year before  but is $7k or 8% less than  anticipated.       Licenses and Permits    Building Permits and Development Service Fees  Building Permits and Development  Service Fee revenues totalled $161k in  January.  The year‐to‐date development  fees revenue of $161k is $28k or 21%  more than 2011 and is also $48k or 43%  higher than budget.  The higher than  expected fees is due to collecting more  in electrical permits and zoning/plan  check fees.                      Business Licenses  Business Licenses totalled $89k for January,  which is $5k or 5% above the same month last  year but is $635 or 1% below the current  month’s budget.        2011 2012 2012 Actual Budget Actual $ % $ % Jan 70,405$         79,953$         73,420$         3,015$         4% (6,534)$         ‐8% Feb 477                    542                     ‐                      Apr 63,582            72,205            ‐                      May 407                    462                    ‐                      Jul 86,024            97,691            ‐                      Aug 1,194               1,356               ‐                      Oct 86,112            97,791            ‐                      YTD  Total 70,405$         79,953$         73,420$         3,015$         4% (6,534)$        ‐8% Annual Total 308,200$      350,000$       Month 2012 vs. 2011 2012 vs. Budget Admission Tax  Revenue Year to Date through January 2011 2012 2012 Actual Budget Actual $ % $ % Jan 84,109$     89,311$     88,676$     4,568$      5% (635)$          ‐1% Feb 23,153        24,585         ‐                  Mar 3,811           4,047           ‐                  Apr 83,930        89,121        ‐                  May 20,142        21,387        ‐                  Jun 3,964           4,209           ‐                  Jul 83,962        89,155        ‐                  Aug 18,393        19,531        ‐                  Sep 4,135           4,391           ‐                  Oct 95,874        101,804     ‐                  Nov 18,291        19,423        ‐                  Dec 2,686           2,852           ‐                  YTD  Total 84,109$     89,311$     88,676$     4,568$      5% (635)$          ‐1% Annual Total 442,451$  469,817$   Business Licenses Month 2012 vs. 2011 Year to Date through January 2012 vs. Budget 2011 2012 2012 Actual Budget Actual $ % $ % Jan 132,621$      112,664$      160,750$      28,129$      21% 48,086$      43% Feb 141,672         125,262          Mar 265,782         238,974          Apr 190,534         167,552          May 239,018         215,841          Jun 215,975         195,717          Jul 211,760         187,937          Aug 393,797         351,616          Sep 321,961         289,918          Oct 213,930         189,380          Nov 229,322         196,766          Dec 216,409         194,437          YTD  Total 132,621$      112,664$      160,750$      28,129$      21% 48,086$      43% Annual Total 2,772,779$  2,466,063$   Building Permits and Development Service Fees Year to Date through January 2012 vs. Budget2012 vs. 2011 Month Page 5 of 36 Monthly Financial Report January 2012      Intergovernmental  These revenue sources  include federal (direct  and indirect) grants,  state grants, state  shared revenues, local  grants, entitlements,  and intergovernmental.  State shared revenues  and Fire Districts’ 25  and 40 contracts  compose 94% of the total revenues in this category.   The year‐to‐date total Intergovernmental revenue is $463k or 4% of  the budget.    State Shared Revenues  State Shared Revenue  collections totalled $423k since  the start of 2012.  Compared to  the projected budget, State  Shared Revenues are above by  $62k or 17%.  Compared to the  prior year, the City is collecting  $13k or 3% more.                    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 80% of the total revenue in this category.  The year‐to‐date total charges for services are $374k or 6% of the  budget.  This is 10% above budget projections.  The following sections provide detail information for Public Safety,  Recreation, and Interfund Services.    Public Safety Services  Public Safety Services totalled $15k since the  start of the year.  These services include private  security, adult probation services, and  housing/monitoring of prisoners.  Compared to  the budget, the City is collecting $1k or 9% less  than anticipated revenue.  Compared to the  prior year, the City is collecting $4k or 19% less.         2011 2012 2012 Actual Budget Actual $ % $ % Jan 18,824$     16,715$         15,229$      (3,595)$       ‐19% (1,486)$       ‐9% Feb 40,902        36,318            ‐                   Mar 30,346        26,945            ‐                   Apr 52,434        46,558            ‐                   May 35,609        31,619            ‐                   Jun 46,295        41,107            ‐                   Jul 70,094        62,239            ‐                   Aug 35,891        31,868            ‐                   Sep 30,743        27,298            ‐                   Oct 34,756        30,861            ‐                   Nov 42,944        38,131            ‐                   Dec 46,148        40,976            ‐                   YTD  Total 18,824$     16,715$         15,229$      (3,595)$       ‐19% (1,486)$       ‐9% Annual Total 484,985$  430,635$       Month 2012 vs . 2011 Year to Date through January Public Safety Services 2012 vs. Budget Intergovernmental 2011 2012 Bgt YTD  Act Change 2012/2011 2012 Act  vs  Bgt  Fire  District #25 ‐$                            ‐$                            ‐$                            ‐$                         N/A  $                          ‐ N/A Fire  District #40 1,173                  11,673               11,673               10,500             895%‐                            0% State  Shared Revenue 409,905            361,345            423,091            13,186             3% 61,745             17% Federal  Grants 35,519               2,007                  2,007                  (33,512)            ‐94%‐                            0% State  Grants 27,738               ‐                              ‐                              (27,738)           0%‐                            N/A Other Grants/Intgovt 28,243               26,094               26,094               (2,150)               ‐8%‐                            0% ARRA Grants 115,360            ‐                              ‐                              (115,360)        0%‐                            N/A Total  Rev YTD 617,938$         401,119$         462,865$         (155,073)$     ‐25%61,745$           15% Total  Rev Annual 12,657,748$  12,257,101$   YTD  %5%3%4% Note:  Includes CJ Sales  Tax. 2011 2012 2012 Actual Budget Actual $ % $ % Crim Just Sales  Tax 132,724$          136,932$      145,992$        13,268$     10% 9,059$         7% Judicial Contribution ‐                         ‐                     ‐                       ‐                 N/A ‐                  N/A Crim Just ‐ High Crime 47,179                ‐                     46,747              (432)               ‐1% 46,747         100% Crim Just ‐ Pop 4,821                   ‐                     5,086                 265               5% 5,086            100% Crim Just ‐ Spec Prog 18,203                16,481            19,194              991               5% 2,713            16% State DUI 3,924                   3,125               4,438                 514               13% 1,312            42% Liquor Profits ‐                         ‐                     ‐                       ‐                 N/A ‐                  N/A Liquor Excise  Tax 104,651             106,927         109,021           4,369           4% 2,094            2% Fuel  Tax 98,402                97,879            92,614              (5,789)          ‐6% (5,266)            ‐5% YTD  Total 409,905$          361,345$      423,091$        13,186$     3% 61,745$      17% Annual Total 4,495,551$     4,437,913$   2012 vs. Budget State  Shared Revenues 2012 vs. 2011 Revenue Year to Date through January Page 6 of 36 Monthly Financial Report January 2012      Recreation  Recreation revenues totalled $62k for the  current month.  Compared to the  projected monthly budget, the City  collected $7k or 10% less.  Compared to  the same month the prior year, the City  collected $138 more.                          Interfund Services  The year‐to‐date collections for Interfund  Services revenues are $237k.  Compared  to the projected budget, the revenues are  above by $25k or 12%.  Compared to the  prior year, the revenues are over by $47k  or 24%.  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, Transportation division’s  capital investment program  reimbursements, and Maintenance  division’s street maintenance  reimbursements.        Fines and Penalties  These revenue sources contain civil  (penalties, infractions, and parking),  criminal (traffic, non‐traffic, and costs),  and non‐court fines, forfeitures, and  penalties.  The table on the following  page breaks down these fines by type.   The year‐to‐date total fines and penalties  is $183k.  This is $18k or 11% higher than  a year ago and also $14k or 8% above the  budget.    2011 2012 2012 Actual Budget Actual $ % $ % Jan 190,881$      212,247$      237,384$      46,503$      24% 25,137$      12% Feb 282,743         314,391         ‐                      Mar 251,144         279,256         ‐                      Apr 231,156         257,030         ‐                      May 237,043         263,576         ‐                      Jun 234,878         261,169         ‐                      Jul 330,174         367,132         ‐                      Aug 229,627         255,330         ‐                      Sep 237,006         263,535         ‐                      Oct 270,340         300,600         ‐                      Nov 266,859         296,730         ‐                      Dec 308,654         343,203         ‐                      YTD  Total 190,881$      212,247$      237,384$      46,503$      24% 25,137$      12% Annual Total 3,070,506$  3,414,200$   Interfund Services Ye ar to Date through January 2012 vs. 2011 2012 vs. Budget Month 2011 2012 2012 Actual Budget Actual $ % $ % Jan 165,721$      169,834$      183,478$      17,757$      11% 13,644$      8% Feb 261,655         262,221          Mar 313,067         314,171          Apr 289,767         288,252          May 255,949         255,826          Jun 262,444         261,662          Jul 247,468         249,471          Aug 184,473         189,735          Sep 181,000         185,846          Oct 300,431         385,882          Nov 297,580         299,240          Dec 352,911         352,016          YTD Total 165,721$      169,834$      183,478$      17,757$      11% 13,644$      8% Annual Total 3,112,464$  3,214,156$   2012 vs. Budget2012 vs. 2011 Year to Date through January Fines  and Penalties by Month Month 2011 2012 2012 Actual Budget Actual $ % $ % Jan 61,933$         68,872$         62,072$         138$              0% (6,800)$         ‐10% Feb 82,497            91,739            ‐                      Mar 99,537            110,688         ‐                      Apr 153,717         170,938         ‐                      May 134,113         149,138         ‐                      Jun 144,083         160,224         ‐                      Jul 211,388         235,070         ‐                      Aug 254,060         282,523         ‐                      Sep 142,253         158,189         ‐                      Oct 83,540            92,899            ‐                      Nov 77,528            86,214            ‐                      Dec 48,890            54,368            ‐                      YTD  Total 61,933$         68,872$         62,072$         138$              0% (6,800)$         ‐10% Annual Total 1,493,540$  1,660,863$   Recreation Year to Date through January 2012 vs. Budget2012 vs. 2011 Month Page 7 of 36 Monthly Financial Report January 2012      Year  to Date through January 2011 2012 2012 Actual Budget Actual $ % $ % Civil Penalties ‐$                   ‐$                   ‐$                   ‐$               N/A ‐$               N/A Civil Infraction Penalties ‐                      ‐                     ‐                     ‐                  N/A ‐                  N/A Civil Parking Infraction Penalties ‐                     ‐                     ‐                     ‐                  N/A ‐                  N/A Photo Enforcement Program 165,696         169,793         183,453         17,757         11% 13,659         8% Criminal Traffic  Misdemeanor Fines ‐                     ‐                     ‐                     ‐                  N/A ‐                  N/A Criminal Non‐Traffic  Fines ‐                     ‐                     ‐                     ‐                  N/A ‐                  N/A Criminal Costs ‐                     ‐                     ‐                     ‐                  N/A ‐                  N/A Seizure  Funds ‐ Federal/State/Local ‐                     ‐                     ‐                     ‐                  N/A ‐                  N/A Non‐Court Fines, Forfeitures and Penalties 25                       41                       25                       ‐                  0% (16)                   ‐39% YTD  Total 165,721$      169,834$      183,478$      17,757$      11% 13,644$      8% Annual Total 3,112,464$  3,214,156$   Revenue 2012 vs. Budget Fines  and Penalties by Type 2012 vs. 2011       Included in the Fines and Penalties revenue budget  is $1.9 million from the Photo Enforcement  program.  The budget was based on the prior year’s  revenue.  The year‐to‐date collections from this  program equates to $183k.  The associated costs  includes the equipment provided by American  Traffic Solutions, Inc. (ATS), dedicated 2 FTEs in the  Court Services Department to process the increased  caseload and 1.1 FTEs in the Police Department for  support services.  This staff time, along with a 90%  pro tem budget and interpreter costs amounts to  $362k for personnel costs.  The total costs for the  program equates to $842k which is represented in  the table.            Miscellaneous  This revenue source reflects the collection of  interest and other earnings, rents, leases,  and concessions, contributions, and  donations from private sources, and other  miscellaneous revenues.  Interest and other  earnings along with rents, leases, and  concessions constitute 82% of the total  revenue in this category.  The year‐to‐date  total miscellaneous is $206k.  Compared to  the projected year‐to‐date budget, the  revenues are over by $77k or 60%.   Compared to last year, the revenues are  over by $63k or 44%.  The table on the next  page breaks out Miscellaneous revenues by  type:    2011 2012 2012 Actual Budget Actual $ % $ % Jan 143,105$      129,016$      206,151$      63,046$      44% 77,135$      60% Feb 70,237            53,269             Mar 99,131            81,783             Apr 74,048            61,550             May 97,083            83,787             Jun 145,018         115,471          Jul 173,878         130,160          Aug 133,570         106,004          Sep 97,973            82,788             Oct 75,425            62,931             Nov 77,427            64,812             Dec 163,299         151,128          YTD Total 143,105$      129,016$      206,151$      63,046$      44% 77,135$      60% Annual Total 1,350,195$  1,122,699$   Year to Date through January Month 2012 vs. Budget2012 vs. 2011 Miscellaneous Revenues  by Month Favorable Budget Actual Budget Actual (Unfavorable) 1 Jan 169,793$      183,453$      76,201$        68,003$      115,449$         Feb 167,986          ‐                     76,693            ‐                  ‐                        Mar 203,098         ‐                     76,201           ‐                  ‐                        Apr 181,989         ‐                     53,048           ‐                  ‐                        May 160,960         ‐                     71,882           ‐                  ‐                        Jun 180,018         ‐                     71,871           ‐                  ‐                        Jul 155,574         ‐                     72,275           ‐                  ‐                        Aug 98,678            ‐                     56,688           ‐                  ‐                        Sep 83,853            ‐                     71,527           ‐                  ‐                        Oct 145,798         ‐                     71,420           ‐                  ‐                        Nov 211,430         ‐                     71,884           ‐                  ‐                        Dec 185,536         ‐                     72,273           ‐                  ‐                        YTD Total 169,793$      183,453$      76,201$        68,003$      115,449$         Annual Total 1,944,713$  841,964$      1Actuals  of Revenues and Expenses Revenues Expenses Photo Enforcement Program Year to Date through January Month Page 8 of 36 Monthly Financial Report January 2012      2011 2012 2012 Actual Budget Actual $ % $ % Interests  and Other Earnings 12,157$         8,067$            22,742$         10,585$      87% 14,674$      182% Rents, Leases, and Concessions 122,667         115,524         146,205         23,538         19% 30,681         27% Contributions/Donations from  Private Sources 6,055               3,234               27,820            21,765         359% 24,586         760% Other 2,227               2,190               9,384               7,158            321% 7,194            328% YTD  Total 143,105$      129,016$      206,151$      63,046$      44% 77,135$      60% Annual Total 1,350,195$  1,122,699$   2012 vs. Budget Miscellaneous Revenues by Type Year to Date through January Revenue 2012 vs. 2011     Interest and other earnings are higher than the prior year and budget due to higher than expected utility late payment  penalties.    Rents, leases and concessions are higher than the prior year and budget due to higher than expected food concession  payments at Coulon Park.    Contributions and donations from private sources are higher than the prior year and budget due to the timing of donations  received.    EXPENSES  Overall the City has expended 7% of its budgeted general governmental expenditures at the end of January.  This is $492k  or 6.9% below year‐to‐date budgeted expenditures.  While some of these were savings, approximately $270k is for  January/February communications services provided by Valley Communications that was recorded and paid in February.   Taking this into consideration, the City is actually favorable by $222k or 3.1% in expenditure savings.  See below for  summary of unfavorable items for general governmental departments.    Administrative Services Department (Finance and City Clerk) is unfavorable by $10k or 5%.  This is due to the spending  patterns of January 2012 compared to 2010 and 2011.  The year‐to‐date budget should even out in February and/or March.     Page 9 of 36 Monthly Financial Report January 2012      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 ‐                 ‐             ‐                 ‐               2,275           1,700         ‐               Grants  / intergovernmental ‐                 ‐             ‐                 ‐               ‐               131,317     ‐               Charges  for services 1,070              44,640       1,249,136       941,391       668,274       642,683     1,108,312    Interdepartmental  services ‐                 ‐             ‐                 16,339         12,715         32,795       ‐               Fines  and penalties ‐                 ‐             ‐                 ‐               ‐               ‐             ‐               Rents, leases, and misc fees 180,558          12,301       12,000            9,019           ‐               ‐             ‐               Interest and other misc 674                 290            3,574              10,582         2,832           15,362       343              TOTAL REVENUES 182,302          57,231       1,264,710       977,331       686,096       823,857     1,108,655    EXPENSES: Utility billing ‐                 ‐             9,420              7,635           6,879           10,419       ‐               Utility systems ‐                 ‐             575,014          184,749       197,292       175,334     ‐               Utility maintenance ‐                 ‐             18,592            310,951       96,150         135,894     1,079,770    Transportation 95,212            ‐             ‐                 ‐               ‐               ‐             ‐               Golf ‐                 106,601     ‐                 ‐               ‐               ‐             ‐               TOTAL EXPENSES 95,212            106,601     603,026          503,335       300,321       321,647     1,079,770    AMOUNT AVAILABLE FOR DEBT SERVICE 87,090            (49,370)      661,684          473,996       385,775       502,210     28,885         DEBT SERVICE: Principal ‐                 ‐             ‐                 ‐               ‐               ‐             ‐               Interest and other debt service costs ‐                 ‐             ‐                 ‐               ‐               ‐             ‐               TOTAL DEBT SERVICE ‐                 ‐             ‐                 ‐               ‐               ‐             ‐               CAPITAL  PROJECTS 36,351            8,750         ‐                 39,742         92,077         331,066     ‐               TRANSFERS IN/(OUT)‐                 ‐             ‐                 ‐               ‐               ‐             ‐               CHANGE  IN FUND BALANCE 50,739            (58,120)      661,684          434,254       293,698       171,144     28,885         BEGINNING FUND BALANCE, January 1, 2012 2,084,710       615,488     1,734,734       7,642,506    1,209,356    4,210,599  1,077,805    ENDING FUND BALANCE, January 31, 2012 2,135,449       557,368     2,396,418       8,076,760    1,503,054    4,381,743  1,106,690      Page 10 of 36 Monthly Financial Report January 2012      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 ‐            4,822           ‐             ‐                      ‐              ‐               ‐             Grants  / intergovernmental ‐            ‐              1,915          ‐                      ‐              ‐               ‐             Charges  for services Equipment rental  m&o 190,383     176,318      ‐             ‐                      ‐              ‐               ‐             Telecommunications ‐            15,510        ‐             ‐                      ‐              ‐               ‐             Print and mail ‐            8,872          ‐             33,074                 ‐              ‐               ‐             Communications ‐            ‐              ‐             49,252                 ‐              ‐               ‐             Facilities ‐            ‐              347,770      ‐                      ‐              ‐               ‐             Data  cards  and cell  phones ‐            12,507        ‐             ‐                      ‐              ‐               ‐             IT service contracts ‐            26,316        ‐             ‐                      ‐              ‐               ‐             Geographical  information systems ‐            16,410        ‐             ‐                      ‐              ‐               ‐             Interest and other misc 1,507         647             138             48                        1,866           2,256           1,738          Internal service fund misc: Vehicle  / equipment capital  recovery 79,974       78,540        ‐             ‐                      ‐              ‐               ‐             Insurance premiums ‐            ‐              ‐             ‐                      130,317       ‐               ‐             Worker's  compensation  / unemployment ‐            ‐              ‐             ‐                      112,653       ‐               ‐             Benefit premiums ‐            ‐              ‐             ‐                      ‐              925,510       183,936      Other misc 153            108             2,362          ‐                      ‐              55,765         ‐             Capital  contributions ‐            ‐              ‐             ‐                      ‐              ‐               ‐             Disposal  of capital  assets ‐            ‐              ‐             ‐                      ‐              ‐               ‐             Insurance recoveries ‐            ‐              ‐             ‐                      8,141           ‐               ‐             TOTAL REVENUES 272,017     340,050      352,185      82,374                 252,977       983,531       185,674      EXPENSES: Communications 37,145                  Equipment rental 177,831      Facilities 212,596       Healthcare 842,037        Information technology 302,870       Print and mail 31,115                  Retiree healthcare 65,469        Risk management Risk management 698,226        Unemployment 42,976          Worker's  compensation 103,570        TOTAL EXPENSES 177,831     302,870      212,596      68,260                 844,772       842,037       65,469        AMOUNT AVAILABLE FOR CAPITAL 94,186       37,180        139,589      14,114                 (591,795)     141,494       120,205      CAPITAL  PROJECTS 64,001       144,624      1,754          ‐                      ‐              ‐               ‐             TRANSFERS IN ‐            ‐              ‐             ‐                      ‐              ‐               ‐             TRANSFERS (OUT)‐            ‐              ‐             ‐                      ‐              ‐               ‐             CHANGE IN FUND BALANCE 30,185       (107,444)     137,835      14,114                 (591,795)     141,494       120,205      BEGINNING FUND BALANCE, January 1, 2012 4,774,376  2,181,743   300,238      141,120               6,620,437    7,133,996    5,479,399   ENDING FUND BALANCE, January 31, 2012 4,804,561  2,074,299   438,073      155,234               6,028,642    7,275,490    5,599,604      Page 11 of 36 Monthly Financial Report January 2012      FUND BALANCE  Page 13 shows the ending fund balance as of January 2012.  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 January, the City has $9.6 million reported in the combined general governmental fund balance of the current  year’s operating budget, which is approximately 10% of budgeted operating expenditures.  This is a decrease of $1.5 million  from the year’s beginning balance.  January’s ending fund balance is over the anticipated General Governmental Fund  Balance of $7.3 million by $2.3 million or 31.3%.  Although the ending fund balance is above projections, it is consistent  with the prior years’ trends since the City will receipt the first half of 2012 property taxes in April/May and second half in  October/November.    CONTACT INFORMATION  This report is prepared by the Finance Division of the Administrative Services Department.  For additional financial  information, please also review our website: http://www.rentonwa.gov/.  For any questions about the report, please feel  free to contact us at hnguyen@rentonwa.gov or JDThomas@Rentonwa.gov.  Page 12 of 36 Monthly Financial Report January 2012      City  of Renton All Funds ‐ Revenue, Expenditures and Fund Balances Cash  Basis through January  31, 2012 Funds Balance  01/01/2012 Budgeted  Revenue Revenue  01/31/12 Total Funds  Available Budgeted  Expenditure Expenditure  01/31/12 Ending   Balance GENERAL GOVERNMENT FUNDS:11,057,551       101,591,685   5,169,136       16,226,687         100,468,787       6,667,414           9,559,274      000 General 6,934,747         74,013,147     3,906,135       10,840,882         73,638,578         5,352,142           5,488,741      001 Community Services 1,413,050         11,241,005     719,606          2,132,656           11,007,906         695,623              1,437,034      003 Street 1,264,341         8,953,479       476,498          1,740,839           8,440,487           574,340              1,166,500      004 Community Dev Block Grant 8,339                305,961          ‐                     8,339                  303,281              20,216                (11,877)          005 Museum 52,620              216,220          11                   52,631                213,533              17,791                34,840           006 Library 48,603              230,000          14                   48,617                230,000              2,500                  46,117           009 Farmers  Market 87,437              75,500            2,026              89,463                78,629                4,803                  84,660           010 Fire Memorial 1,953                ‐                     ‐                     1,953                  ‐                          ‐                          1,953             011 Fire Health & Wellness 36,858              25,000            2,157              39,015                25,000                ‐                          39,015           031 Park Memorial 177,758            ‐                     55                   177,813              ‐                          ‐                          177,813         201 Ltd  GO Bonds  Gen Govt Debt 591,257            1,982,075       32,778            624,035              1,982,075           ‐                          624,035         215 Gen Govt Misc Debt Service 440,588            4,549,298       29,855            470,443              4,549,298           ‐                          470,443         SPECIAL REVENUE FUNDS: 102 Arterial  Street 158,974            630,000          43,645            202,619              630,000              ‐                          202,619         108 Leased  City Properties 488,500            971,049          8,395              496,895              876,232              15,301                481,594         110 Hotel  Motel 243,556            265,000          14,764            258,320              265,000              22,774                235,546         118 Reserve  for Paths  & Trails 3,314                ‐                     1                     3,315                  ‐                          ‐                          3,315             125 1% For Art 121,686            15,000            38                   121,724              50,000                ‐                          121,724         127 Cable  Communication 185,968            85,000            13,799            199,767              85,674                ‐                          199,767         135 Springbrook Wetlands Bank 663,556            ‐                     206                 663,762              ‐                          ‐                          663,762         DEBT SERVICE FUNDS: 219 1989 Unlimited GO Bonds ‐                         ‐                      ‐                      ‐                          ‐                          ‐                          ‐                     CAPITAL PROJECT FUNDS (CIP): 303 Community Dev Mitigation 1,475,050         60,000            458                 1,475,508           ‐                          ‐                          1,475,508      304 Fire Mitigation 1,492,674         100,000          462                 1,493,136           536,926              ‐                          1,493,136      305 Transportation  Mitigation 657,187            150,000          203                 657,390              400,000              ‐                          657,390         316 Municipal Facilities CIP 3,745,546         760,000          27,786            3,773,332           1,170,000           99,364                3,673,968      317 Transportation  CIP 3,422,219         21,418,181     843,471          4,265,690           21,603,852         288,133              3,977,557      318 So Lake  WA Infrastructure Proj 52,792               ‐                     16                   52,808                 ‐                          ‐                          52,808           326 Housing Opportunity 130,546            ‐                     439                 130,985              ‐                          ‐                          130,985         336 New Library Development 19,196,447       ‐                     5,589              19,202,036         8,000,000           138                     19,201,898    ENTERPRISE FUNDS: 402 Airport 494,718            1,862,168       181,801          676,519              1,288,846           95,212                581,307         403 Solid Waste Utility 1,734,734         15,004,692     1,264,710       2,999,444           14,972,362         603,026              2,396,418      404 Golf Course 379,997            2,483,545       57,158            437,155              2,542,204           114,938              322,217         422 Airport Capital 1,589,992         3,275,003       501                 1,590,493           4,766,203           36,351                1,554,142      424 Golf Course  Capital 235,491            100,000          8,410              243,901              100,000              8,750                  235,151         INTERNAL SERVICE FUNDS: 501 Equipment Repair/Replacement 4,774,376         3,079,893       272,017          5,046,393           3,145,756           241,832              4,804,561      502 Insurance 6,620,437         3,187,593       252,977          6,873,414           2,930,079           844,772              6,028,642      503 Information Services 2,181,743         4,118,173       340,050          2,521,793           4,409,226           447,494              2,074,299      504 Facilities 300,238            4,324,987       352,185          652,423              4,379,434           214,350              438,073         505 Communications 141,120            974,307          82,374            223,494              991,015              68,260                155,234         512 Insurance, Healthcare 7,133,996         12,014,224     983,532          8,117,528           11,996,739         842,037              7,275,491      522 Insurance, Leoff1 Retirees HC 5,479,399         2,235,684       185,674          5,665,073           2,262,573           65,469                5,599,604      FIDUCIARY FUNDS: 611 Firemen's  Pension 4,377,696         300,000          573                 4,378,269           550,475              26,346                4,351,923      Funds Balance  01/01/2012 Budgeted  Revenue Revenue  01/31/12 Total Funds  Available Budgeted  Expenditure Expenditure  01/31/12 Ending   Balance ENTERPRISE FUNDS: COMBINED  UTILITIES 14,140,266       47,683,644     3,595,938       17,736,204         46,070,637         2,667,959           15,068,245    405 Water Utility 3,993,415         11,106,460     976,190          4,969,605           10,662,036         503,335              4,466,270      406 Waste Water Utility 685,178            5,888,574       683,944          1,369,122           5,130,805           300,322              1,068,800      407 Surface Water Utility 1,625,915         5,469,223       809,126          2,435,041           4,968,409           321,647              2,113,394      416 King County Metro 1,077,805         13,209,387     1,108,656       2,186,461           13,209,387         1,079,770           1,106,691      425 Water Utility Construction 3,633,246         5,200,000       1,135              3,634,381           5,350,000           39,742                3,594,639      426 Waste Water Construction 524,178            3,310,000       2,152              526,330              3,250,000           92,077                434,253         427 Surface Water Construction 2,584,684         3,500,000       14,730            2,599,414           3,500,000           331,066              2,268,348      461 Waterworks  Bond Reserve ‐                        ‐                     ‐                     ‐                          ‐                          ‐                          ‐                     471 Waterworks  Rate Stabilization 15,845              ‐                     5                     15,850                ‐                          ‐                          15,850           481 Future W/S Bond Proceeds ‐                        ‐                     ‐                     ‐                          ‐                          ‐                          ‐                     Note:  Waterworks  Utility Funds  are managed as a  system and are designated by the  dotted  lines.  Page 13 of 36 City of Renton General Government Financial Position 2012 Budget Year General Government Summary  Revenues Expenditures  $ Difference over (under)  w/beginning  balance  11,057,551             January 5,169,136              6,667,414              (1,498,278)             9,559,274               February March April May June July August September October November December 2,000,000  3,000,000  4,000,000  5,000,000  6,000,000  7,000,000  8,000,000  9,000,000  60,000,000  70,000,000  80,000,000  90,000,000  100,000,000  Change in Fund  Balance Rev/Exp Revenues Expenditures Change in Fund Balance (9,000,000) (8,000,000) (7,000,000) (6,000,000) (5,000,000) (4,000,000) (3,000,000) (2,000,000) (1,000,000) ‐ 1,000,000  ‐ 10,000,000  20,000,000  30,000,000  40,000,000  50,000,000  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Page 14 of 36 City of Renton Monthly Revenue Analysis ‐ 2012 Budget Year General  Government Budget YTD Actual Annual %  over (under) Jan 5,101,783        5,169,136        1.32% Feb 10,615,856       Mar 16,259,977       Apr 29,838,297       May 44,770,150       Jun 49,580,408       Jul 55,653,248       Aug 60,763,893       Sep 66,788,625       Oct 80,202,064       Nov 95,003,784       Dec 101,591,685     Percent of budget 5.09% YTD Annual %  $‐ $10  $20  $30  $40  $50  $60  $70  $80  $90  $100  $110  Millions Total Revenue General Government Budget Actual Last Year $33 Millions Property Tax Property Tax Budget Actual over (under) Jan 255,343           149,112            ‐41.60% Feb 572,253            Mar 1,247,748         Apr 9,024,212         May 17,133,271       Jun 17,231,849       Jul 17,337,932       Aug 17,422,058       Sep 17,843,166       Oct 24,750,333       Nov 32,724,934       Dec 32,896,746       Percent of budget 0.45% $‐ $3  $6  $9  $12  $15  $18  $21  $24  $27  $30  $33  Budget Actual Last Year Page 15 of 36 City of Renton Monthly Revenue Analysis ‐ 2012 Budget Year Sales Tax Budget YTD Actual Annual %  over (under) Jan 1,552,198        1,493,022         ‐3.81% Feb 3,549,657         Mar 5,080,681         Apr 6,625,498         May 8,384,823         Jun 9,969,656         Jul 11,554,021       Aug 13,258,722       Sep 14,907,971       Oct 16,615,185       Nov 18,322,808       Dec 19,965,647       Percent of budget 7.48% Note:  Excludes CJ Sales Tax and Natural Gas Use Tax. YTD Annual %  $‐ $3  $6  $9  $12  $15  $18  $21  Millions Sales Tax Budget Actual Last Year $16 Millions Utility Tax Utility Tax Budget Actual over (under) Jan 1,423,448        1,469,178        3.21% Feb 2,936,432         Mar 4,482,830         Apr 5,916,252         May 7,266,402         Jun 8,522,519         Jul 9,762,636         Aug 10,979,816       Sep 12,205,670       Oct 13,458,742       Nov 14,740,056       Dec 16,155,203       Percent of budget 9.09% Note:  Includes Natural Gas Use Tax. $0  $2  $4  $6  $8  $10  $12  $14  $16  Budget Actual Last Year Page 16 of 36 City of Renton Monthly Revenue Analysis ‐ 2012 Budget Year Licenses &  Permits Budget YTD Actual Annual %  over (under) Jan 179,209           218,837           22.11% Feb 303,772            Mar 495,614            Apr 721,466            May 883,222            Jun 1,025,529         Jul 1,257,216         Aug 1,551,253         Sep 1,768,424         Oct 2,019,748         Nov 2,211,675         Dec 2,403,331         Percent of budget 9.11% Note:  Includes Fund 318. YTD Annual % Millions Intergovernmental $‐ $0.30  $0.60  $0.90  $1.20  $1.50  $1.80  $2.10  $2.40  $2.70  Millions Licenses & Permits Budget Actual Last Year Intergovt'l Budget Actual over (under) Jan 401,119           462,865           15.39% Feb 912,132            Mar 1,467,797         Apr 2,453,834         May 4,709,139         Jun 5,320,553         Jul 5,878,560         Aug 6,403,333         Sep 6,864,172         Oct 8,262,234         Nov 10,655,015       Dec 12,257,101       Percent of budget 3.78% Note:  Includes CJ Sales Tax. $‐ $1  $2  $3  $4  $5  $6  $7  $8  $9  $10  $11  $12  $13  $14  Millions Budget Actual Last Year Page 17 of 36 City of Renton Monthly Revenue Analysis ‐ 2012 Budget Year Charges for  Services Budget YTD Actual Annual %  over (under) Jan 340,863           374,426           9.85% Feb 836,110            Mar 1,341,354         Apr 1,895,493         May 2,456,930         Jun 3,005,145         Jul 3,747,859         Aug 4,435,671         Sep 4,993,503         Oct 5,488,048         Nov 5,976,544         Dec 6,488,075         Percent of budget 5.77% Fines & YTD Annual %  $‐ $1  $2  $3  $4  $5  $6  $7  Millions Charges for Services Budget Actual Last Year Millions Fines & Forfeits Forfeits Budget Actual over (under) Jan 169,834           183,478           8.03% Feb 432,054            Mar 746,225            Apr 1,034,478         May 1,290,304         Jun 1,551,967         Jul 1,801,437         Aug 1,991,172         Sep 2,177,018         Oct 2,562,900         Nov 2,862,140         Dec 3,214,156         Percent of budget 5.71% $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  Budget Actual Last Year Page 18 of 36 City of Renton Monthly Revenue Analysis ‐ 2012 Budget Year Other Taxes Budget YTD Actual Annual %  over (under) Jan 650,754           612,068            ‐5.94% Feb 891,088            Mar 1,133,369         Apr 1,826,182         May 2,221,338         Jun 2,412,957         Jul 3,643,161         Aug 3,945,386         Sep 4,229,695         Oct 5,134,578         Nov 5,535,483         Dec 6,050,976         Percent of budget 10.12% YTD Annual % Millions Miscellaneous $0  $1  $2  $3  $4  $5  $6  $7  Millions Other Taxes Budget Actual Last Year Misc Budget Actual over (under) Jan 129,016           206,151           59.79% Feb 182,285            Mar 264,067            Apr 325,618            May 409,405            Jun 524,875            Jul 655,036            Aug 761,039            Sep 843,828            Oct 906,759            Nov 971,571            Dec 1,122,699         Percent of budget 18.36% $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40 Budget Actual Last Year Page 19 of 36 City of Renton Monthly Revenue Analysis ‐ 2012 Budget Year Other  Financing Budget YTD Actual Annual %  over (under) Jan ‐                          ‐                         N/A Feb 73                      Mar 291                    Apr 15,265               May 15,317               Jun 15,359               Jul 15,390               Aug 15,442               Sep 955,178            Oct 1,003,537         Nov 1,003,558         Dec 1,037,752         Percent of budget 0.00% YTD Annual % Millions Real Estate Excise Tax $‐ $2.00  $4.00  $6.00  $8.00  $10.00  $12.00  Millions Other Financing Sources Budget Actual Last Year REET Budget Actual over (under) Jan 158,072           77,631               ‐50.89% Feb 255,393            Mar 393,741            Apr 502,119            May 655,898            Jun 879,012            Jul 993,789            Aug 1,149,532         Sep 1,350,432         Oct 1,535,639         Nov 1,863,587         Dec 2,025,000         Percent of budget 3.83% $‐ $0.50  $1.00  $1.50  $2.00  $2.50  Millions Budget Actual Last Year Page 20 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year General  Government Budget YTD Actual Annual %  over (under) Jan 7,159,501        6,667,414         ‐6.87% Feb 16,690,091       Mar 24,852,219       Apr 32,885,245       May 41,086,528       Jun 49,407,682       Jul 58,035,836       Aug 66,615,729       Sep 75,130,713       Oct 83,223,433       Nov 91,435,213       Dec 100,468,787     Percent of budget expended 6.64% YTD Annual %  $‐ $10  $20  $30  $40  $50  $60  $70  $80  $90  $100  $110  Millions Total Expenditures General Government Budget Actual Last Year $300 000 Legislative Legislative Budget Actual over (under) Jan 23,052              21,995               ‐4.59% Feb 47,250               Mar 71,106               Apr 94,952               May 118,463            Jun 142,332            Jul 166,209            Aug 189,913            Sep 213,507            Oct 235,771            Nov 259,647            Dec 284,087            Percent of budget expended 7.74% $‐ $50,000  $100,000  $150,000  $200,000  $250,000  $300,000  Budget Actual Last Year Page 21 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Executive Budget YTD Actual Annual %  over (under) Jan 115,566           75,851               ‐34.37% Feb 234,736            Mar 352,251            Apr 476,167            May 597,036            Jun 714,061            Jul 838,503            Aug 949,052            Sep 1,083,306         Oct 1,204,110         Nov 1,318,583         Dec 1,468,694         Percent of budget expended 5.16% YTD Annual %  $‐ $0.30  $0.60  $0.90  $1.20  $1.50  $1.80  Millions Executive Budget Actual Last Year $1 00 Millions City Clerk City Clerk Budget Actual over (under) Jan 57,441              51,770               ‐9.87% Feb 112,475            Mar 176,816            Apr 320,451            May 434,608            Jun 491,567            Jul 549,792            Aug 606,842            Sep 665,236            Oct 773,721            Nov 833,785            Dec 897,889            Percent of budget expended 5.77% $‐ $0.20  $0.40  $0.60  $0.80  $1.00  Budget Actual Last Year Page 22 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Hearing  Examiner Budget YTD Actual Annual %  over (under) Jan 8,732                1,731                 ‐80.18% Feb 15,470               Mar 20,317               Apr 25,330               May 30,687               Jun 36,506               Jul 42,088               Aug 47,349               Sep 53,136               Oct 58,229               Nov 65,292               Dec 71,025               Percent of budget expended 2.44% YTD Annual % $2 00 Millions City Attorney $‐ $30,000  $60,000  $90,000  Hearing Examiner Budget Actual Last Year City Attorney Budget Actual over (under) Jan 135,939           136,926           0.73% Feb 280,202            Mar 419,912            Apr 560,129            May 698,477            Jun 838,962            Jul 978,014            Aug 1,116,943         Sep 1,255,965         Oct 1,386,265         Nov 1,523,461         Dec 1,668,686         Percent of budget expended 8.21% $‐ $0.40  $0.80  $1.20  $1.60  $2.00 Budget Actual Last Year Page 23 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Court Services Budget YTD Actual Annual %  over (under) Jan 174,315           166,993            ‐4.20% Feb 343,541            Mar 519,637            Apr 695,808            May 868,112            Jun 1,065,771         Jul 1,247,962         Aug 1,428,172         Sep 1,611,434         Oct 1,777,831         Nov 1,956,497         Dec 2,147,819         Percent of budget expended 7.77% YTD Annual %  $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60  $1.80  $2.00  $2.20  Millions Court Services Budget Actual Last Year Millions Community & Economic Dl Ad iCED Admin Budget Actual over (under) Jan 77,315              79,562              2.91% Feb 159,341            Mar 239,050            Apr 318,760            May 398,469            Jun 478,179            Jul 557,987            Aug 637,894            Sep 717,523            Oct 794,989            Nov 873,950            Dec 952,912            Percent of budget expended 8.35% $‐ $0.10  $0.20  $0.30  $0.40  $0.50  $0.60  $0.70  $0.80  $0.90  $1.00  Millions Development Admin Budget Actual Last Year Page 24 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Development  Services Budget YTD Actual Annual %  over (under) Jan 285,738           239,412            ‐16.21% Feb 554,503            Mar 820,791            Apr 1,084,998         May 1,367,126         Jun 1,618,928         Jul 1,883,093         Aug 2,121,834         Sep 2,402,670         Oct 2,652,859         Nov 2,910,482         Dec 3,181,944         Percent of budget expended 7.52% Economic YTD Annual %  $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  Millions Development Services Budget Actual Last Year Millions Economic Development Development Budget Actual over (under) Jan 57,949              51,733               ‐10.73% Feb 121,700            Mar 174,340            Apr 231,323            May 296,550            Jun 357,043            Jul 420,160            Aug 475,727            Sep 547,604            Oct 604,832            Nov 669,268            Dec 735,088            Percent of budget expended 7.04% $‐ $0.10  $0.20  $0.30  $0.40  $0.50  $0.60  $0.70  $0.80  Millions Budget Actual Last Year Page 25 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Planning Budget YTD Actual Annual %  over (under) Jan 111,447           121,734           9.23% Feb 242,600            Mar 344,794            Apr 461,325            May 568,088            Jun 719,930            Jul 836,707            Aug 990,965            Sep 1,160,034         Oct 1,277,610         Nov 1,377,062         Dec 1,516,719         Percent of budget expended 8.03% YTD Annual % $2 40 Millions Finance $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60  Millions Planning Budget Actual Last Year Finance Budget Actual over (under) Jan 136,092           152,157           11.80% Feb 272,763            Mar 412,217            Apr 549,019            May 698,320            Jun 841,002            Jul 975,053            Aug 1,125,622         Sep 1,289,057         Oct 1,416,270         Nov 1,546,148         Dec 1,969,836         Percent of budget expended 7.72% $‐ $0.40  $0.80  $1.20  $1.60  $2.00  $2.40 Budget Actual Last Year Page 26 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Human  Resources Budget YTD Actual Annual %  over (under) Jan 85,534              69,265               ‐19.02% Feb 160,543            Mar 235,703            Apr 306,383            May 377,353            Jun 458,275            Jul 539,353            Aug 617,162            Sep 695,139            Oct 771,451            Nov 853,247            Dec 946,956            Percent of budget expended 7.31% YTD Annual %  $‐ $0.20  $0.40  $0.60  $0.80  $1.00  Millions Human Resources Budget Actual Last Year $33 Millions Police Police Budget Actual over (under) Jan 2,206,020        1,905,016         ‐13.64% Feb 4,887,591         Mar 7,467,467         Apr 9,802,495         May 12,224,630       Jun 14,750,537       Jul 17,291,458       Aug 19,694,067       Sep 22,140,419       Oct 24,468,872       Nov 26,911,238       Dec 29,486,965       Percent of budget expended 6.46% $‐ $3  $6  $9  $12  $15  $18  $21  $24  $27  $30  $33  Budget Actual Last Year Page 27 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Fire &  Emergency  Services Budget YTD Actual Annual %  over (under) Jan 1,923,042        1,891,121         ‐1.66% Feb 4,570,376         Mar 6,465,803         Apr 8,330,757         May 10,290,744       Jun 12,213,296       Jul 14,184,171       Aug 16,224,917       Sep 18,211,842       Oct 20,076,333       Nov 22,068,980       Dec 24,056,171       Percent of budget expended 7.86% Community YTD Annual %  $‐ $3  $6  $9  $12  $15  $18  $21  $24  Millions Fire & Emergency Services Budget Actual Last Year $0 45 Millions Community Services Admin Services Admin Budget Actual over (under) Jan 22,705              39,072              72.09% Feb 69,191               Mar 104,084            Apr 138,770            May 173,424            Jun 208,186            Jul 243,168            Aug 278,693            Sep 315,161            Oct 349,074            Nov 384,584            Dec 421,043            Percent of budget expended 9.28% $‐ $0.05  $0.10  $0.15  $0.20  $0.25  $0.30  $0.35  $0.40  $0.45  Budget Actual Last Year Page 28 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Parks Budget YTD Actual Annual %  over (under) Jan 261,786           274,545           4.87% Feb 557,743            Mar 852,218            Apr 1,167,853         May 1,493,714         Jun 1,847,897         Jul 2,216,513         Aug 2,582,645         Sep 2,964,943         Oct 3,339,297         Nov 3,699,232         Dec 4,034,496         Percent of budget expended 6.80% Parks Planning  and Natural YTD Annual %  $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  Millions Parks Budget Actual Last Year $0 60 Millions Parks Planning and Natural Resources Resources Budget Actual over (under) Jan 28,998              36,047              24.31% Feb 69,346               Mar 113,087            Apr 157,789            May 211,609            Jun 263,308            Jul 323,697            Aug 377,022            Sep 430,152            Oct 488,729            Nov 543,900            Dec 595,868            Percent of budget expended 6.05% $‐ $0.10  $0.20  $0.30  $0.40  $0.50  $0.60  Budget Actual Last Year Page 29 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Recreation Budget YTD Actual Annual %  over (under) Jan 358,551           304,539            ‐15.06% Feb 717,974            Mar 1,088,468         Apr 1,455,212         May 1,835,186         Jun 2,239,891         Jul 2,849,851         Aug 3,517,178         Sep 4,068,080         Oct 4,447,445         Nov 4,840,555         Dec 5,263,801         Percent of budget expended 5.79% Human YTD Annual % $1 40 Millions Human Services $‐ $1  $2  $3  $4  $5  $6  Millions Recreation Budget Actual Last Year Services Budget Actual over (under) Jan 52,442              58,787              12.10% Feb 112,820            Mar 187,063            Apr 365,554            May 464,165            Jun 527,898            Jul 700,951            Aug 775,728            Sep 841,420            Oct 984,322            Nov 1,072,876         Dec 1,250,561         Percent of budget expended 4.70% $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  Budget Actual Last Year Page 30 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Neighborhoods , Resources,  and Events Budget YTD Actual Annual %  over (under) Jan 42,529              41,419               ‐2.61% Feb 85,318               Mar 128,698            Apr 179,615            May 228,786            Jun 291,874            Jul 361,214            Aug 426,413            Sep 480,940            Oct 526,500            Nov 579,477            Dec 692,698            Percent of budget expended 5.98% YTD Annual % $2 50 Millions Library Fund $‐ $100,000  $200,000  $300,000  $400,000  $500,000  $600,000  $700,000  Neighborhoods, Resources, and Events Budget Actual Last Year Library Fund Budget Actual over (under) Jan 2,500                2,500                0.00% Feb 38,333               Mar 57,500               Apr 76,667               May 95,833               Jun 115,000            Jul 134,167            Aug 153,333            Sep 172,500            Oct 191,667            Nov 210,833            Dec 230,000            Percent of budget expended 1.09% $‐ $0.50  $1.00  $1.50  $2.00  $2.50  Budget Actual Last Year Page 31 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Museum Fund Budget YTD Actual Annual %  over (under) Jan 17,252              17,791              3.12% Feb 34,965               Mar 52,434               Apr 70,241               May 88,071               Jun 106,029            Jul 124,048            Aug 141,990            Sep 160,056            Oct 177,858            Nov 195,702            Dec 213,533            Percent of budget expended 8.33% Public Works YTD Annual % $0 60 Millions Public Works Admin $‐ $30,000  $60,000  $90,000  $120,000  $150,000  $180,000  $210,000  Museum Fund Budget Actual Last Year Admin Budget Actual over (under) Jan 38,441              39,864              3.70% Feb 77,369               Mar 116,179            Apr 154,878            May 193,891            Jun 232,725            Jul 271,807            Aug 311,339            Sep 350,878            Oct 388,230            Nov 426,925            Dec 465,889            Percent of budget expended 8.56% $‐ $0.20  $0.40  $0.60  Budget Actual Last Year Page 32 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Street  Maintenance Budget YTD Actual Annual %  over (under) Jan 279,287           285,940           2.38% Feb 611,900            Mar 918,371            Apr 1,215,152         May 1,515,424         Jun 1,821,797         Jul 2,128,792         Aug 2,447,569         Sep 2,764,011         Oct 3,088,569         Nov 3,403,987         Dec 3,728,945         Percent of budget expended 7.67% YTD Annual %  $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  Millions Street Maintenance Budget Actual Last Year $5 Millions Transportation Transportation Budget Actual over (under) Jan 343,583           288,400            ‐16.06% Feb 732,773            Mar 1,145,011         Apr 1,487,078         May 1,869,588         Jun 2,288,875         Jul 2,643,630         Aug 3,060,278         Sep 3,428,984         Oct 3,846,248         Nov 4,223,516         Dec 4,711,542         Percent of budget expended 6.12% $‐ $1  $1  $2  $2  $3  $3  $4  $4  $5  $5  Budget Actual Last Year Page 33 of 36 City of Renton Monthly Expenditure Analysis ‐ 2012 Budget Year Debt Service Budget YTD Actual Annual %  over (under) Jan ‐                          ‐                         N/A Feb 1,088,562         Mar 1,632,843         Apr 2,177,124         May 2,721,405         Jun 3,265,687         Jul 3,809,968         Aug 4,354,249         Sep 4,898,530         Oct 5,442,811         Nov 5,987,092         Dec 6,531,373         Percent of budget expended 0.00% Non‐ Departmental YTD Annual % $5 00 Millions Non‐Departmental Other City Services $‐ $2  $4  $6  $8  $10  $12  $14  $16  Millions Debt Service Budget Actual Last Year Other City Budget Actual over (under) Jan 313,245           313,245           0.00% Feb 490,708            Mar 736,062            Apr 981,416            May 1,226,770         Jun 1,472,124         Jul 1,717,478         Aug 1,962,832         Sep 2,208,186         Oct 2,453,540         Nov 2,698,894         Dec 2,944,248         Percent of budget expended 10.64% $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  $4.50  $5.00 Budget Actual Last Year Page 34 of 36 City of Renton Monthly Enterprise Fund Financial Report ‐ 2012 Budget Year Utilities Budget Revenue Expense Jan 3,164,286        4,860,643      3,270,986       Feb 7,740,013         Mar 13,011,714       Apr 16,907,772       May 20,901,033       Jun 28,637,592       Jul 33,611,835       Aug 37,987,613       Sep 43,191,375       Oct 48,302,115       Nov 53,139,220       Dec 61,042,999       Percent of budget expended 3.39% Note:  Operations and Capital $0 $10 $20 $30 $40 $50 $60 $70 Millions Utilities Budget Revenue Expense $7 00 Millions Airport Airport Budget Revenue Expense Jan 428,274           182,302          131,563           Feb 767,296            Mar 1,144,707         Apr 1,560,870         May 1,883,605         Jun 2,524,289         Jul 2,941,966         Aug 3,666,150         Sep 4,229,875         Oct 4,976,221         Nov 5,555,023         Dec 6,055,049         Percent of budget expended 2.17% Note:  Operations and Capital $‐ $1.00  $2.00  $3.00  $4.00  $5.00  $6.00  $7.00  Budget Revenue Expense Page 35 of 36 City of Renton Monthly Enterprise Fund Financial Report ‐ 2012 Budget Year Golf Course Budget Revenue Expense Jan 60,382              65,568            123,688           Feb 200,592            Mar 339,771            Apr 428,982            May 529,040            Jun 663,065            Jul 759,813            Aug 867,578            Sep 958,975            Oct 1,043,849         Nov 1,209,132         Dec 2,642,204         Percent of budget expended 4.68% 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