HomeMy WebLinkAbout201206, June.pdfFINANCE AND
INFORMATION TECHNOLOGY
M E M O R A N D U M
DATE: August 2, 2012
TO: Rich Zwicker, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: June 2012 Financial Status Report
At the end of June, general governmental revenues show $939k or 1.9% over budget.
Revenues sources that are higher than expected are: real estate excise taxes ($318k); building
permits & development service fees ($401k); state shared revenues ($248k); other
miscellaneous ($108k); and other financing sources ($126k). On the down side, the revenue
sources that are underperforming the year to date budget are: franchise fees ($43k below);
utility taxes ($215k below); culture and recreation fees ($100k below); and interfund/inter‐
departmental services ($227k below).
General government expenditures showed favorable variance of $607k or 1.3%. 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
$%
Beginning Fund Balance 11,955,285$ 11,955,285$ 11,407,119$ 11,407,119$ 11,057,551$ 11,057,551$ 11,057,551$ ‐ 0.0%
OPERATING REVENUES
Property Tax 31,497,128 16,549,647 32,357,894 17,109,916 32,896,746 17,231,849 17,301,729 69,880 0.4%
Sales Tax 17,198,220 8,650,047 17,729,731 8,835,025 17,864,000 8,941,133 9,007,790 66,657 0.7%
Sales Tax ‐ Annexation Credit 2,025,660 1,013,934 2,033,954 995,394 2,101,647 1,028,522 1,075,526 47,003 4.6%
Criminal Justice Sales Tax 1,620,479 801,402 1,809,757 888,626 1,867,145 916,804 910,648 (6,157) ‐0.7%
Natural Gas Use Tax 228,514 140,295 249,407 159,509 270,394 172,931 204,786 31,855 18.4%
Admission Tax 291,399 141,355 308,200 134,870 350,000 153,162 154,705 1,543 1.0%
Franchise Fees 1,222,444 594,746 1,234,448 600,206 1,323,000 643,262 599,927 (43,335) ‐6.7%
Electricity Tax 5,036,907 2,590,371 5,166,711 2,701,582 5,283,280 2,762,534 2,760,541 (1,993) ‐0.1%
Natural Gas Utility Tax 1,577,756 992,781 1,848,806 1,253,927 1,950,000 1,322,560 1,130,252 (192,309) ‐14.5%
Transfer Station 269,912 113,722 297,474 123,452 248,762 103,236 147,380 44,144 42.8%
TV Cable 1,296,744 667,349 1,385,275 668,805 1,427,679 689,278 678,526 (10,752) ‐1.6%
Telephone 1,038,009 525,879 966,827 492,589 1,000,000 509,491 472,440 (37,051) ‐7.3%
Cellular Phone 2,206,637 1,188,049 2,054,183 1,067,301 2,309,360 1,199,885 1,076,921 (122,963) ‐10.2%
City Utilities 2,853,884 1,372,147 3,516,179 1,690,696 3,665,728 1,762,604 1,836,322 73,718 4.2%
Leasehold Excise Tax 138,830 65,359 162,593 82,413 145,000 73,496 80,019 6,523 8.9%
Gambling Excise Tax 1,546,386 809,252 1,671,414 862,008 1,600,000 825,178 803,034 (22,144) ‐2.7%
Real Estate Excise Tax 2,464,489 1,178,010 2,074,059 900,300 2,025,000 878,628 1,290,845 412,217 46.9%
Less: Municipal Facilities CIP REET (400,000) (197,123) (400,000) (160,768) (400,000) (160,768) (254,982) (94,214) 58.6%
EMS Levy 1,161,114 ‐ 868,873 ‐ 1,007,976 221,445 221,445 ‐ 0.0%
Business License Fees 431,782 221,313 442,451 219,109 469,817 232,661 212,880 (19,781) ‐8.5%
Other Licenses and Permits 262,629 107,553 232,534 96,739 213,305 88,739 112,697 23,958 27.0%
Building Permits & Development Svc Fees 2,437,270 1,272,465 2,772,779 1,185,601 2,466,063 1,056,009 1,457,045 401,036 38.0%
Intergovt'l (Grants, State Shared, etc) 4,426,676 2,116,995 4,737,323 1,845,254 4,359,315 1,757,939 2,012,340 254,402 14.5%
Fire District 25 and 40 Contracts 5,252,877 2,507,971 6,110,668 3,037,491 6,008,694 3,001,928 3,001,928 ‐ 0.0%
Public Safety 482,343 211,924 484,985 224,410 430,635 199,261 228,321 29,060 14.6%
Culture and Recreation 1,424,932 655,982 1,493,540 675,880 1,660,863 751,600 651,581 (100,019) ‐13.3%
Interfund/Interdept‐Services 3,190,908 1,659,113 3,070,506 1,427,844 3,617,185 1,790,338 1,563,336 (227,001) ‐12.7%
Fines and Forfeits 1,291,817 558,127 1,163,602 524,488 1,088,750 488,122 455,531 (32,591) ‐6.7%
Photo Enforcement 1,925,159 1,031,681 1,897,782 1,038,171 1,944,713 1,063,844 1,091,249 27,405 2.6%
Seizure Funds ‐ Federal/State/Local 221,046 101,693 83,220 ‐ 180,693 ‐ 25,614 25,614 100.0%
Interests and Other Earnings 183,511 97,098 107,183 49,324 125,400 57,707 49,775 (7,931) ‐13.7%
Rents, Leases, and Concessions 727,338 437,749 744,834 401,045 701,464 377,693 449,066 71,373 18.9%
Contributions and Donations 133,756 55,876 196,586 81,792 81,500 33,909 70,614 36,705 108.2%
Other Miscellaneous 434,286 232,437 529,147 207,039 427,358 155,941 264,438 108,498 69.6%
Other Financing Sources (Transfer‐In, etc) 653,595 570 1,073,507 168,166 1,241,752 18,378 144,143 125,765 684.3%
Total Operating Revenues 96,754,435 48,465,769 100,476,431 49,588,204 101,953,223 50,349,298 51,288,412 939,113 1.9%
OPERATING EXPENDITURES
Legislative 259,345 131,035 271,236 134,795 284,087 142,332 138,621 3,711 2.6%
Executive 1,578,526 800,153 1,566,906 729,119 1,468,694 714,061 660,020 54,041 7.6%
Hearing Examiner 174,447 87,146 59,878 33,294 71,025 36,506 30,050 6,456 17.7%
City Attorney 1,565,597 799,852 1,596,609 790,004 1,668,686 838,962 844,781 (5,819) ‐0.7%
Court Services 2,007,599 990,091 2,084,170 1,040,289 2,155,819 1,069,741 1,045,629 24,111 2.3%
Community and Eco Dvlpmnt Admin 579,396 292,116 929,814 465,217 952,912 478,179 476,538 1,641 0.3%
Development Services 2,946,413 1,497,590 2,810,736 1,431,566 3,434,929 1,747,643 1,465,542 282,101 16.1%
Economic Development 1,322,004 636,436 724,970 357,808 753,765 366,115 306,119 59,996 16.4%
Planning 1,774,508 843,999 1,447,781 685,502 1,516,719 719,930 738,072 (18,142) ‐2.5%
Finance 2,214,458 926,194 2,134,667 930,622 2,161,836 922,974 995,643 (72,669) ‐7.9%
City Clerk 789,209 414,558 736,880 420,930 1,002,105 548,623 343,072 205,550 37.5%
Human Resources 861,221 428,866 888,252 417,784 946,956 458,275 459,361 (1,085) ‐0.2%
Police 23,946,386 12,045,128 24,737,346 12,310,617 25,214,618 12,614,497 12,465,453 149,044 1.2%
Jail Services 3,539,035 1,529,606 6,206,735 1,735,928 5,340,599 1,744,484 1,744,484 ‐ 0.0%
Fire 21,554,792 11,039,048 22,511,597 11,333,418 24,099,606 12,235,348 12,628,919 (393,571) ‐3.2%
Community Services Admin 1 1,063,011 527,399 416,284 204,042 421,043 208,186 215,856 (7,670) ‐3.7%
Parks 3,421,424 1,570,808 3,829,676 1,750,372 4,045,762 1,853,057 1,823,313 29,744 1.6%
Parks Planning & Natural Resources 448,574 185,783 551,423 256,105 685,122 302,748 275,550 27,198 9.0%
Recreation 4,433,420 1,875,022 4,974,002 2,128,093 5,276,859 2,245,447 2,133,041 112,406 5.0%
Human Services 1,326,778 525,801 1,247,294 560,790 1,277,487 539,264 546,207 (6,943) ‐1.3%
Neighborhoods, Resources, & Events 331,222 144,336 610,545 252,486 697,288 293,808 258,915 34,893 11.9%
Library 2,289,692 1,067,015 2,030,000 1,815,119 230,000 263,606 263,606 ‐ 0.0%
Museum 191,090 94,929 210,620 104,539 213,533 106,029 108,238 (2,208) ‐2.1%
Public Works Admin 1 514,858 258,597 452,538 224,646 465,889 232,725 236,629 (3,904) ‐1.7%
Street Maintenance 3,412,892 1,638,385 3,534,025 1,755,569 3,728,945 1,821,797 1,857,066 (35,269) ‐1.9%
Transportation 5,215,309 2,559,547 4,509,066 2,164,571 4,763,972 2,314,346 2,150,841 163,505 7.1%
Debt Service 4,707,100 926,961 4,822,566 1,285,140 6,531,373 1,905,620 1,905,620 ‐ 0.0%
Non‐Departmental and Other 4,834,296 1,849,216 4,930,383 3,412,280 2,944,248 1,597,673 1,597,673 ‐ 0.0%
Total Operating Expenditures 97,302,601 45,685,617 100,825,999 48,730,646 102,353,876 48,321,979 47,714,859 607,120 1.3%
Total Ending Fund Balance 11,407,119$ 14,735,438$ 11,057,551$ 12,264,677$ 10,656,898$ 13,084,871$ 14,631,104$ 1,546,233 11.8%
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 June 2012
Page 1 of 37
Monthly Financial Report June 2012
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through June 30, 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 75% of
all resources supporting general governmental activities. The following section provides detail information on property,
sales, utility, and other taxes.
Property Tax
June’s collection is $43k, making the
total year‐to‐date collection $17.3
million or 53% of the total budget. In
comparison to the previous year, the
City collected $192k or 1% more.
Compared to the budget, the City is
above projections by $70k. 2012’s
monthly budgets are based on 2009
through 2011 collections. The
April/May variance from the prior
year and budget is due the timing of
collections. An estimated $2.1 million
of May 2012’s collection was
receipted in April 2012. If we
combine April and May, the City is right on target with budget projections.
Sales Tax
June 2012 sales tax receipts totalled $1.5
million. Compared to the same month
last year, it is $115k or 8% more.
Compared to the projected current
month’s budget, it is $60k or 4% above.
The year‐to‐date collection of $9 million is
$173k or 2% more than the prior year and
is also $67k or 1% more than budgeted.
The City is projecting sales tax revenues to
meet the budget at year‐end.
2011 2012 2012
Actual Budget Actual $ % $ %
Jan 505,501$ 255,343$ 149,112$ (356,390)$ ‐71% (106,231)$ ‐42%
Feb 336,193 316,911 85,577 (250,616) ‐75% (231,334) ‐73%
Mar 745,285 675,495 880,380 135,094 18% 204,885 30%
Apr 7,618,492 7,776,464 10,012,008 2,393,515 31% 2,235,544 29%
May 7,849,481 8,109,059 6,131,450 (1,718,030) ‐22% (1,977,609) ‐24%
Jun 54,963 98,578 43,203 (11,760) ‐21% (55,375) ‐56%
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 17,109,916$ 17,231,849$ 17,301,729$ 191,813$ 1% 69,880$ 0%
Annual Total 32,357,894$ 32,896,746$
Property Tax Revenues
Year to Date through June
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 1,923,714 (58,556) ‐3% 136,386 8%
Mar 1,299,237 1,372,298 1,303,820 4,583 0% (68,478) ‐5%
Apr 1,254,867 1,391,509 1,370,731 115,864 9% (20,778) ‐1%
May 1,590,780 1,578,875 1,599,184 8,403 1% 20,309 1%
Jun 1,368,213 1,422,596 1,482,794 114,580 8% 60,197 4%
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 8,835,025$ 8,941,133$ 9,007,790$ 172,765$ 2% 66,657$ 1%
Annual Total 17,729,731$ 17,864,000$
2012 vs. Budget2012 vs. 2011
Month
Year to Date through June
Local Retail Sales Tax Revenues
Page 2 of 37
Monthly Financial Report June 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 700,577$ 825,596$ 810,381$ 109,804$ 16%$ (15,215)‐2%
Auto Sales 1,577,774 1,713,124 1,635,512 57,738 4% (77,612)‐5%
General Retail 3,063,981 3,166,758 3,230,726 166,745 5% 63,968 2%
Manufacturing 621,573 385,070 532,022 (89,551) ‐14% 146,952 38%
Wholesale 553,349 587,004 580,979 27,631 5% (6,025)‐1%
Service 1,952,272 2,045,773 2,030,491 78,219 4% (15,282)‐1%
Other 365,500 217,809 187,680 (177,820) ‐49% (30,130)‐14%
Total 8,835,025$ 8,941,133$ 9,007,790$ 172,765$ 2%66,657$ 1%
Note: Excludes Annexation Credit and Criminal Justice Sales Tax revenue.
Utility tax
June utility tax revenues are $1.1 million,
which is $95k or 8% lower than the same
month last year and is also behind the
budget by $148k or 12%. The year‐to‐
date collection is $8.3 million, which is
$149k or 2% higher than the prior year
but is $215k or 3% lower than the
budget. The City is projecting utility tax
revenues to be under budget at year‐
end.
The table below breaks out Utility Tax by source. The Natural Gas variance is due to warmer weather year‐to‐date than the
prior year.
Utility Tax by Type 2011 2012 Bgt YTD Act Change 2012/2011 2012 Act vs Bgt
Electrical 2,701,582$ 2,762,534$ 2,760,541$ 58,959$ 2%$ (1,993) 0%
Natural Gas 1,413,436 1,495,492 1,335,038 (78,398) ‐6% (160,454)‐11%
Cell 1,067,301 1,199,885 1,076,921 9,620 1% (122,963)‐10%
Phone 492,589 509,491 472,440 (20,150) ‐4% (37,051)‐7%
Cable 668,805 689,278 678,526 9,721 1% (10,752)‐2%
Transfer Station 123,452 103,236 147,380 23,928 19% 44,144 43%
City Utilities 1,690,696 1,762,604 1,836,322 145,626 9% 73,718 4%
YTD Total 8,157,861$ 8,522,519$ 8,307,168$ 149,306$ 2%(215,351)$ ‐3%
Annual Total 15,484,862$ 16,155,203$
YTD as % of 53% 53%
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 1,512,539 64,263 4% (445) 0%
Mar 1,480,840 1,546,398 1,438,515 (42,325) ‐3% (107,883) ‐7%
Apr 1,370,718 1,433,422 1,384,240 13,522 1% (49,182) ‐3%
May 1,291,530 1,350,150 1,394,109 102,579 8% 43,959 3%
Jun 1,203,475 1,256,117 1,108,588 (94,888) ‐8% (147,530) ‐12%
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 8,157,861$ 8,522,519$ 8,307,168$ 149,306$ 2% (215,351)$ ‐3%
Annual Total 15,484,862$ 16,155,203$
2012 vs. Budget2012 vs. 2011
Year to Date through June
Utility Tax Revenues
Month
Page 3 of 37
Monthly Financial Report June 2012
Other Taxes
Real Estate Excise Tax
The City collected $347k in Real Estate
Excise Tax revenues (REET) for June. This is
$119k or 52% ahead of the same month last
year and $124k or 56% above the current
month’s budget. The year‐to‐date
collection is $1.3 million, which is $391k or
43% more than the prior year and is also
$412k or 47% above the budget. The City is
projecting REET to meet the budget at year‐
end.
Gambling Tax
June’s Gambling Tax collections total
$127k. Year‐to‐date total of $803k is
$59k or 7% below the year before
and is also $22k or 3% below 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. The
decrease in March is due the timing
of collections (the City receipted $30k
in April that was due for March). The variance in May is due to new payment plans with the same above establishments.
The City is projecting gambling tax revenues to meet the budget at year‐end.
Pull tabs overall had a 3% increase, bingo increased by 35%, and card‐rooms are seeing 5% lower in activities when
compared to the prior year.
Franchise Fees
Franchise Fees are due quarterly and
the year‐to‐date revenue collections
are $600k or 45% of the budget. This
is right on target with 2011 but is
$43k or 7% below the projected year‐
to‐date budget. The City is projecting
franchise fees to be slighting under
budget at year‐end.
2011 2012 2012
Actual Budget Actual $ % $ %
Jan 161,911$ 157,987$ 77,631$ (84,280)$ ‐52% (80,356)$ ‐51%
Feb 99,677 97,304 214,137 114,460 115% 116,833 120%
Mar 141,700 138,289 203,583 61,883 44% 65,294 47%
Apr 110,987 108,315 194,868 83,881 76% 86,553 80%
May 157,519 153,728 253,446 95,927 61% 99,719 65%
Jun 228,506 223,006 347,179 118,673 52% 124,174 56%
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 900,300$ 878,628$ 1,290,845$ 390,545$ 43% 412,217$ 47%
Annual Total 2,074,059$ 2,025,000$
Month
2012 vs. Budget2012 vs. 2011
Real Estate Excise Tax Revenues
Year to Date through June
2011 2012 2012
Actual Budget Actual $ % $ %
Jan 118,304$ 113,250$ 175,959$ 57,655$ 49% 62,710$ 55%
Feb 135,926 130,118 143,837 7,911 6% 13,719 11%
Mar 135,067 129,296 98,279 (36,787) ‐27% (31,016) ‐24%
Apr 162,459 155,518 156,498 (5,961) ‐4% 980 1%
May 159,013 152,219 101,088 (57,924) ‐36% (51,130) ‐34%
Jun 151,240 144,778 127,372 (23,868) ‐16% (17,406) ‐12%
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 862,008$ 825,178$ 803,034$ (58,975)$ ‐7% (22,144)$ ‐3%
Annual Total 1,671,414$ 1,600,000$
2012 vs. 2011 2012 vs. Budget
Gambling Tax Revenue
Month
Year to Date through June
2011 2012 2012
Actual Budget Actual $ % $ %
Jan 305,646$ 327,571$ 300,392$ (5,254)$ ‐2% (27,179)$ ‐8%
Apr 294,560 315,690 299,534 4,974 2% (16,156) ‐5%
Jul 294,438 315,560 ‐
Oct 292,692 313,688 ‐
Dec 47,111 50,491 ‐
YTD Total 600,206$ 643,262$ 599,927$ (279)$ 0% (43,335)$ ‐7%
Annual Total 1,234,448$ 1,323,000$
Franchise Fees Revenue
Year to Date through June
Month
2012 vs. 2011 2012 vs. Budget
Page 4 of 37
Monthly Financial Report June 2012
Admission Tax
Admission Tax returns are due
quarterly in January, April, July, and
October each year. April 2012
collections represent activities
conducted during the 1st quarter of
2012.
The report shows an increase of $20k
or 15% from the year before and is
also $2k or 1% more than
anticipated. The City is projecting
admission tax revenues to meet the budget at year‐end.
Licenses and Permits
Building Permits and Development Service Fees
Building Permits and Development Service
Fee revenues totalled $291k in June. The
year‐to‐date development fees revenue of
$1.5 million is $271k or 23% more than
2011 and is also $401k or 38% higher than
budget. The higher than expected fees are
due to collecting more in general building
permits, electrical permits and public works
inspection fees. The City is projecting
building permits and development service
fee revenues to meet the budget at year‐
end.
Business Licenses
Business Licenses totalled $3k for June, which is
$588 or 15% below the same month last year and
is also $833 or 20% under the current month’s
budget. The year‐to‐date Business Licenses
revenue is behind the prior year by $6k or 3%
and is also 20k or 9% behind the budget. The
reason for the variance in May is due to two
corrections (one for 2011 and one for 2012)
incorrectly coded to amusement licenses and
lower activity recorded for general business
licenses. The City is projecting business licenses
to be slightly under the budget at year‐end.
2011 2012 2012
Actual Budget Actual $ % $ %
Jan 70,405$ 79,953$ 73,420$ 3,015$ 4% (6,534)$ ‐8%
Feb 477 542 934 457 96% 392 72%
Apr 63,582 72,205 80,352 16,770 26% 8,147 11%
May 407 462 ‐
Jul 86,024 97,691 ‐
Aug 1,194 1,356 ‐
Oct 86,112 97,791 ‐
YTD Total 134,870$ 153,162$ 154,705$ 20,242$ 15% 2,005$ 1%
Annual Total 308,200$ 350,000$
Month
2012 vs. 2011 2012 vs. Budget
Admission Tax Revenue
Year to Date through June
2011 2012 2012
Actual Budget Actual $ % $ %
Jan 132,621$ 112,664$ 160,750$ 28,129$ 21% 48,086$ 43%
Feb 141,672 125,262 197,549 55,877 39% 72,287 58%
Mar 265,782 238,974 262,937 (2,845) ‐1% 23,963 10%
Apr 190,534 167,552 259,386 68,852 36% 91,834 55%
May 239,018 215,841 285,205 46,187 19% 69,364 32%
Jun 215,975 195,717 291,218 75,243 35% 95,500 49%
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 1,185,601$ 1,056,009$ 1,457,045$ 271,444$ 23% 401,036$ 38%
Annual Total 2,772,779$ 2,466,063$
Building Permits and Development Service Fees
Year to Date through June
2012 vs. Budget2012 vs. 2011
Month
2011 2012 2012
Actual Budget Actual $ % $ %
Jan 84,109$ 89,311$ 88,676$ 4,568$ 5% (635)$ ‐1%
Feb 23,153 24,585 24,251 1,098 5% (334) ‐1%
Mar 3,811 4,047 4,927 1,115 29% 880 22%
Apr 83,930 89,121 89,003 5,074 6% (117) 0%
May 20,142 21,387 2,645 (17,496) ‐87% (18,742) ‐88%
Jun 3,964 4,209 3,377 (588) ‐15% (833) ‐20%
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 219,109$ 232,661$ 212,880$ (6,229)$ ‐3% (19,781)$ ‐9%
Annual Total 442,451$ 469,817$
Business Licenses
Month
2012 vs. 2011
Year to Date through June
2012 vs. Budget
Page 5 of 37
Monthly Financial Report June 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 91% of the total revenues in this category. The year‐to‐date total Intergovernmental revenue is $5.9
million or 48% of the budget.
State Shared Revenues
State Shared Revenue collections
totalled $2.4 million since the start
of 2012. Compared to the prior
year, State Shared Revenues are
above by $170k or 8%. Compared
to the projected budget, the City is
collecting $248k or 11% more. The
higher than expected collections
are due to Criminal Justice’s High
Crime not being budgeted for and
for Liquor Profits (due to auction
proceeds). The auction proceeds
will only be receipted in 2012. The
City is projecting the total state shared revenues to meet the budget at year‐end.
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 72% of the total revenue in this category. The year‐to‐date total charges for services are $3.1 million or 46% of
the budget. This is 4% below budget projections. The following sections provide detail information for Public Safety,
Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totalled $228k since the
start of the year. These services include
private security, adult probation services, and
housing/monitoring of prisoners. Compared to
the prior year, the City is collecting $4k or 2%
more. Compared to the budget, the City is
collecting $29k or 15% more than anticipated
revenue. The City is projecting public safety
services revenues to meet the budget at year‐
end.
Intergovernmental 2011 2012 Bgt YTD Act Change 2012/2011 2012 Act vs Bgt
Fire District #25 648,943$ 672,812$ 672,812$ 23,869$ 4% $ ‐ 0%
Fire District #40 2,388,548 2,329,117 2,329,117 (59,431) ‐2%‐ 0%
State Shared Revenue 2,247,970 2,169,684 2,417,929 169,958 8% 248,245 11%
Federal Grants 164,024 217,586 217,586 53,562 33%‐ 0%
State Grants 83,986 72,344 72,344 (11,642) ‐14%‐ 0%
Other Grants/Intgovt 101,323 81,190 81,190 (20,133) ‐20%‐ 0%
ARRA Grants 136,576 133,939 133,939 (2,637) ‐2%‐ 0%
Total Rev YTD 5,771,371$ 5,676,671$ 5,924,916$ 153,545$ 3%248,245$ 4%
Total Rev Annual 12,657,748$ 12,235,154$
YTD % 46% 46% 48%
Note: Includes CJ Sales Tax.
2011 2012 2012
Actual Budget Actual $ % $ %
Crim Just Sales Tax 888,626$ 916,804$ 910,648$ 22,022$ 2% (6,157)$ ‐1%
Judicial Contribution 11,234 6,000 11,316 82 1% 5,316 89%
Crim Just ‐ High Crime 96,385 ‐ 93,724 (2,661) ‐3% 93,724 100%
Crim Just ‐ Pop 9,840 ‐ 10,194 354 4% 10,194 100%
Crim Just ‐ Spec Prog 37,165 33,649 38,473 1,308 4% 4,823 14%
State DUI 10,176 8,104 8,895 (1,280) ‐13% 791 10%
Liquor Profits 355,913 364,978 506,059 150,146 42% 141,081 39%
Liquor Excise Tax 220,756 225,557 229,464 8,708 4% 3,907 2%
Fuel Tax 617,875 614,591 609,156 (8,720) ‐1% (5,435) ‐1%
YTD Total 2,247,970$ 2,169,684$ 2,417,929$ 169,958$ 8% 248,245$ 11%
Annual Total 4,495,551$ 4,437,913$
2012 vs. Budget
State Shared Revenues
2012 vs. 2011
Revenue
Year to Date through June
2011 2012 2012
Actual Budget Actual $ % $ %
Jan 18,824$ 16,715$ 15,229$ (3,595)$ ‐19% (1,486)$ ‐9%
Feb 40,902 36,318 34,848 (6,054) ‐15% (1,470) ‐4%
Mar 30,346 26,945 35,353 5,007 17% 8,408 31%
Apr 52,434 46,558 68,426 15,993 31% 21,869 47%
May 35,609 31,619 42,979 7,370 21% 11,360 36%
Jun 46,295 41,107 31,486 (14,809) ‐32% (9,621) ‐23%
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 224,410$ 199,261$ 228,321$ 3,912$ 2% 29,060$ 15%
Annual Total 484,985$ 430,635$
Month
2012 vs. 2011
Year to Date through June
Public Safety Services
2012 vs. Budget
Page 6 of 37
Monthly Financial Report June 2012
Recreation
Recreation revenues totalled $149k for the
current month. Compared to the same
month the prior year, the City collected $5k
or 4% more. Compared to the projected
monthly budget, the City collected $11k or
7% less. The year‐to‐date collection of
$652k is $24k or 4% less than the prior year
and is also $100k or 13% less than the
budget. The City is projecting recreation
revenues to be under budget at year‐end.
Interfund Services
The year‐to‐date collections for Interfund
Services revenues are $1.6 million.
Compared to the prior year, the revenues
are over by $44k or 3%. Compared to the
projected budget, the revenues are below by
$227k or 13%. 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. The budget variance is due
to January and February maintenance activity that was not recorded in those months and was corrected in March. The City
projects interfund service revenues to be under budget by year‐end.
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 $1.6 million. This is $9k or 1%
higher than a year ago and also $6k above the
budget. The City is projecting fines and
penalties to meet the budget at year‐end.
2011 2012 2012
Actual Budget Actual $ % $ %
Jan 61,933$ 68,872$ 62,072$ 138$ 0% (6,800)$ ‐10%
Feb 82,497 91,739 59,327 (23,170) ‐28% (32,412) ‐35%
Mar 99,537 110,688 104,775 5,238 5% (5,913) ‐5%
Apr 153,717 170,938 137,257 (16,460) ‐11% (33,681) ‐20%
May 134,113 149,138 139,013 4,900 4% (10,125) ‐7%
Jun 144,083 160,224 149,137 5,054 4% (11,087) ‐7%
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 675,880$ 751,600$ 651,581$ (24,299)$ ‐4% (100,019)$ ‐13%
Annual Total 1,493,540$ 1,660,863$
Recreation
Year to Date through June
2012 vs. Budget2012 vs. 2011
Month
2011 2012 2012
Actual Budget Actual $ % $ %
Jan 258,617$ 304,661$ 237,384$ (21,232)$ ‐8% (67,277)$ ‐22%
Feb 251,772 296,598 234,758 (17,014) ‐7% (61,840) ‐21%
Mar 269,526 317,513 271,071 1,545 1% (46,442) ‐15%
Apr 249,538 293,966 253,070 3,532 1% (40,897) ‐14%
May 255,425 300,902 291,941 36,516 14% (8,961) ‐3%
Jun 234,878 276,697 275,112 40,234 17% (1,584) ‐1%
Jul 238,262 280,683 ‐
Aug 229,627 270,511 ‐
Sep 237,006 279,203 ‐
Oct 270,340 318,472 ‐
Nov 266,859 314,371 ‐
Dec 308,654 363,607 ‐
YTD Total 1,519,757$ 1,790,338$ 1,563,336$ 43,580$ 3% (227,001)$ ‐13%
Annual Total 3,070,506$ 3,617,185$
Interfund Services
Year to Date through June
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 261,655 262,221 238,928 (22,727) ‐9% (23,293) ‐9%
Mar 313,067 314,171 241,678 (71,389) ‐23% (72,493) ‐23%
Apr 289,767 288,252 276,301 (13,466) ‐5% (11,952) ‐4%
May 255,949 255,826 303,583 47,634 19% 47,757 19%
Jun 262,444 261,662 314,041 51,597 20% 52,379 20%
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 1,548,602$ 1,551,967$ 1,558,008$ 9,407$ 1% 6,042$ 0%
Annual Total 3,112,464$ 3,214,156$
2012 vs. Budget2012 vs. 2011
Year to Date through June
Fines and Penalties by Month
Month
Page 7 of 37
Monthly Financial Report June 2012
Year to Date through June
2011 2012 2012
Actual Budget Actual $ % $ %
Civil Penalties 5,792$ 8,105$ 4,179$ (1,614)$ ‐28% (3,926)$ ‐48%
Civil Infraction Penalties 330,123 354,158 271,252 (58,871) ‐18% (82,906) ‐23%
Civil Parking Infraction Penalties 52,844 57,633 52,248 (597) ‐1% (5,385) ‐9%
Photo Enforcement Program 1,038,171 1,063,844 1,091,249 53,078 5% 27,405 3%
Criminal Traffic Misdemeanor Fines 49,533 44,841 42,619 (6,914) ‐14% (2,222) ‐5%
Criminal Non‐Traffic Fines 13,611 17,492 12,580 (1,031) ‐8% (4,912) ‐28%
Criminal Costs 58,287 5,502 57,791 (496) ‐1% 52,289 950%
Seizure Funds ‐ Federal/State/Local ‐ ‐ 25,614 25,614 100% 25,614 100%
Non‐Court Fines, Forfeitures and Penalties 240 392 478 238 99% 86 22%
YTD Total 1,548,602$ 1,551,967$ 1,558,008$ 9,407$ 1% 6,042$ 0%
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 $1.1 million. 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 68% of the
total revenue in this category. The year‐
to‐date total miscellaneous is $732k.
Compared to last year, the revenues are
over by $103k or 16%. Compared to the
projected year‐to‐date budget, the
revenues are over by $221k or 43%. The
table on the next page breaks out
miscellaneous revenues by type:
Favorable
Budget Actual Budget Actual (Unfavorable)
1
Jan 169,793$ 183,453$ 76,201$ 68,003$ 115,449$
Feb 167,986 147,252 76,693 67,808 79,444
Mar 203,098 144,853 76,201 67,639 77,215
Apr 181,989 178,542 53,048 64,815 113,727
May 160,960 215,625 71,882 67,979 147,645
Jun 180,018 221,524 71,871 67,952 153,571
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 1,063,844$ 1,091,249$ 425,897$ 404,198$ 687,052$
Annual Total 1,944,713$ 841,964$
1 Actuals of Revenues and Expenses
Revenues Expenses
Photo Enforcement Program
Year to Date through June
Month
2011 2012 2012
Actual Budget Actual $ % $ %
Jan 143,105$ 128,421$ 206,151$ 63,046$ 44% 77,730$ 61%
Feb 70,237 46,979 83,823 13,585 19% 36,844 78%
Mar 99,131 77,952 104,421 5,289 5% 26,469 34%
Apr 74,048 58,040 98,164 24,115 33% 40,123 69%
May 97,083 85,456 145,213 48,130 50% 59,757 70%
Jun 145,018 113,666 93,832 (51,185) ‐35% (19,834) ‐17%
Jul 173,878 118,884
Aug 133,570 99,673
Sep 97,973 76,252
Oct 75,425 61,811
Nov 77,427 67,662
Dec 163,299 164,402
YTD Total 628,624$ 510,515$ 731,604$ 102,980$ 16% 221,089$ 43%
Annual Total 1,350,195$ 1,099,199$
Year to Date through June
Month
2012 vs. Budget2012 vs. 2011
Miscellaneous Revenues by Month
Page 8 of 37
Monthly Financial Report June 2012
2011 2012 2012
Actual Budget Actual $ % $ %
Interests and Other Earnings 49,324$ 57,707$ 49,775$ 452$ 1% (7,931)$ ‐14%
Rents, Leases, and Concessions 401,045 377,693 449,066 48,021 12% 71,373 19%
Contributions/Donations from Private Sources 81,792 33,909 70,614 (11,177) ‐14% 36,705 108%
Other 96,463 41,206 162,149 65,685 68% 120,943 294%
YTD Total 628,624$ 510,515$ 731,604$ 102,980$ 16% 221,089$ 43%
Annual Total 1,350,195$ 1,099,199$
2012 vs. Budget
Miscellaneous Revenues by Type
Year to Date through June
Revenue
2012 vs. 2011
Rents, leases and concessions are higher than the prior year and budget due to higher than expected facility rentals at the
community center and food concession payments at Coulon Park.
Contributions and donations from private sources are favorable due to higher than expected donations.
Other miscellaneous revenues are higher than the prior year and budget due to higher than expected utility late payment
penalties.
EXPENSES
Overall the City has expended 47% of its budgeted general governmental expenditures at the end of June. This is $607k or
1.3% below year‐to‐date budgeted expenditures. See below for summary of unfavorable items for general governmental
departments.
City Attorney Department is over the year‐to‐date budget by $6k or 0.7%. This is mainly due to over spending on
contracted services and publications and under spending in salaries/benefits and supplies.
Human Resources and Risk Management Department (HR only) is over year‐to‐date budget by $1k or 0.2%. This is due to
over spending salaries/benefits and under spending on supplies/small tools and professional services.
Fire and Emergency Services Department is over year‐to‐date budget by $394k or 3.2%. $16k of this amount is due to the
timing of capital equipment purchased in 2012 compared to 2011 and 2010. The remaining $378k is mainly due to over
spending on regular salaries/benefits ($32k), overtime ($56k), supplies ($88k), and intergovernmental ($60k).
Page 9 of 37
Monthly Financial Report June 2012
CASH AND INVESTMENTS – 2ND
QUARTER
The current cash and
investments (C&I) portfolio
is provided in the table to
the right. The City’s current
C&I balance is $98.6 million,
of this amount; $1.5 million
is an interfund loan
investment (Res 4070) from
the general fund (000) to
the golf course fund (404).
This interfund loan is due in
full on December 1st 2015.
Currently the majority of
the portfolio is located in
cash deposits (US Bank).
The rest is spread out
between the State
Investment Pool, US Federal
Agency Securities, various certificates of deposits, and the interfund loan.
The existing portfolio yield is approximately .62%. The majority (.24%) lies within the cash at US Bank.
US Bank ‐Cash, $51,821,155 ,
53%
State Investment Pool,
$9,897,617 , 10%
US Federal Agency Securities*,
$4,997,500 , 5%
Golf Course Interfund Loan,
$1,535,000 , 1%
First Savings Bank Northwest,
$4,656,953 , 5%
Columbia Bank, $6,784,375 , 7%
Fortune Bank (CDARS),
$2,017,202 , 2%
Sterling
Bank, $‐,
0%
Umpqua Bank, $10,252,353 ,
10%
Commencement Bank (CDARS),
$6,600,192 , 7%
Distribution by Institution
(Percent of Cash & Investment Portfolio)
Deposit Total Maturity Date APY
Weighted
Yield
Current
Allocation of Cash
and Investments
Allowed
by Policy
Current Principal
Balance
Cash US Bank ‐ Cash 48,020,540 overnight 0.50% 0.24%47.16%N/A 48,020,540
US Bank ‐ Cash 5,335,616 overnight 0.00% 0.00% 5.41% N/A 5,335,616
355,000 12/1/2012 2.25% 0.01%
375,000 12/13/2013 2.25% 0.01%
395,000 12/1/2014 2.25% 0.01%
410,000 12/1/2015 2.25% 0.01% 1,535,000
US Treasury Securities
none ‐ N/A N/A 0.00% 0.00% 100%‐
Local Government Investment Pool
State Investment Pool 9,897,617 overnight 0.18% 0.02% 10.04% 75.00% 9,897,617
US Federal Agency Securities *
FNMA 4,997,500 variable variable 0.05%5.07% 100.00% 4,997,500
Certificate of Deposit
First Savings Bank Northwest 2,328,848 8/24/2012 0.92% 0.02%
2,328,105 8/24/2012 0.92% 0.02%
Columbia Bank 2,000,000 11/5/2012 1.12% 0.02%
2,768,975 1/11/2014 0.69% 0.02%
2,015,400 11/9/2016 0.99% 0.02%
Fortune Bank (CDARS) 250,000 12/19/2012 0.55% 0.00%
1,516,108 6/14/2014 0.80% 0.01%
Fortune Bank 251,094 12/23/2012 0.75% 0.00%
Sterling Bank ‐ N/A N/A 0.00%0.00% 20.00%‐
Umpqua Bank 5,042,636 12/25/2012 0.85% 0.04%
5,209,717 5/18/2014 0.85% 0.04%
Commencement Bank (CDARS) 1,000,000 9/20/2012 1.50% 0.01%
CDARS 5,100,192 9/6/2013 1.00% 0.05%
Traditional 500,000 10/27/2013 1.00% 0.00%
Commercial Paper
none ‐ N/A N/A 0.00% 0.00% 5.00%‐
TOTAL CASH & INVESTMENTS 98,562,347$ 0.62% 100.00% 98,562,347$
Institution
Golf Interfund Loan
1.56% N/A
20.00%4.72%
20.00%6.88%
4,656,953
6,784,375
2,017,202
10,252,353
6.70% 20.00%6,600,192
20.00%2.05%
20.00%10.40%
Page 10 of 37
Monthly Financial Report June 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 ‐ ‐ ‐ ‐ 20,650 17,800 ‐
Grants / intergovernmental 151,725 1,176 107,838 52,524 1,762 484,273 ‐
Charges for services 60,895 825,156 7,514,196 6,348,648 4,072,569 3,888,556 6,643,161
Interdepartmental services ‐ ‐ 3,609 173,641 142,111 320,469 ‐
Fines and penalties ‐ ‐ ‐ ‐ ‐ ‐ ‐
Rents, leases, and misc fees 1,143,735 147,287 42,965 63,271 ‐ ‐ ‐
Interest and other misc 4,422 2,108 11,252 121,030 362,468 167,018 2,184
TOTAL REVENUES 1,360,777 975,727 7,679,860 6,759,114 4,599,560 4,878,116 6,645,345
EXPENSES:
Utility billing ‐ ‐ 53,850 52,750 38,105 57,505 ‐
Utility systems ‐ ‐ 6,639,847 1,396,597 1,276,437 1,117,507 ‐
Utility maintenance ‐ ‐ 144,946 2,309,474 704,304 899,493 6,457,925
Transportation 663,599 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 886,965 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 663,599 886,965 6,838,643 3,758,821 2,018,846 2,074,505 6,457,925
AMOUNT AVAILABLE FOR DEBT SERVICE 697,178 88,762 841,217 3,000,293 2,580,714 2,803,611 187,420
DEBT SERVICE:
Principal ‐ ‐ ‐ 698,750 274,550 101,700 ‐
Interest and other debt service costs ‐ ‐ ‐ 401,354 195,140 180,209 ‐
TOTAL DEBT SERVICE ‐ ‐ ‐ 1,100,104 469,690 281,909 ‐
CAPITAL PROJECTS 459,392 23,495 ‐ 530,513 816,091 1,261,702 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 237,786 65,267 841,217 1,369,676 1,294,933 1,260,000 187,420
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, June 30, 2012 2,322,496 680,755 2,575,951 9,012,182 2,504,289 5,470,599 1,265,225
Page 11 of 37
Monthly Financial Report June 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 ‐ 42,804 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ 26,299 1,915 ‐ ‐ ‐ 43,637
Charges for services
Equipment rental m&o 1,088,302 1,058,258 ‐ ‐ ‐ ‐ ‐
Telecommunications ‐ 93,195 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 53,337 ‐ 198,569 ‐ ‐ ‐
Communications ‐ ‐ ‐ 295,672 ‐ ‐ ‐
Facilities ‐ ‐ 2,086,745 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 75,068 ‐ ‐ ‐ ‐ ‐
IT service contracts ‐ 158,046 ‐ ‐ ‐ ‐ ‐
Geographical information systems ‐ 98,420 ‐ ‐ ‐ ‐ ‐
Interest and other misc 8,657 4,024 979 338 11,672 13,968 10,783
Internal service fund misc:
Vehicle / equipment capital recovery 479,764 471,385 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 782,077 ‐ ‐
Worker's compensation / unemployment ‐ ‐ ‐ ‐ 677,480 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 5,508,437 1,104,182
Other misc 916 126 2,591 126 199 349,774 ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets ‐ ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 45,364 8,758 130
TOTAL REVENUES 1,577,639 2,080,962 2,092,230 494,705 1,516,792 5,880,937 1,158,732
EXPENSES:
Communications 227,765
Equipment rental 1,208,098
Facilities 1,722,914
Healthcare 5,566,358
Information technology 1,485,391
Print and mail 197,137
Retiree healthcare 690,678
Risk management
Risk management 941,000
Unemployment 84,107
Worker's compensation 529,351
TOTAL EXPENSES 1,208,098 1,485,391 1,722,914 424,902 1,554,458 5,566,358 690,678
AMOUNT AVAILABLE FOR CAPITAL 369,541 595,571 369,316 69,803 (37,666) 314,579 468,054
CAPITAL PROJECTS 724,824 498,125 70,491 ‐ ‐ ‐ ‐
TRANSFERS IN ‐ ‐ 37,782 ‐ ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE (355,283) 97,446 336,607 69,803 (37,666) 314,579 468,054
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, June 30, 2012 4,419,093 2,279,189 636,845 210,923 6,582,771 7,448,575 5,947,453
Page 12 of 37
Monthly Financial Report June 2012
FUND BALANCE
Page 14 shows the ending fund balance as of June 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 June, the City has $14.6 million reported in the combined general governmental fund balance of the current
year’s operating budget, which is approximately 14% of budgeted operating expenditures. This is an increase of $3.6
million from the year’s beginning balance. June’s ending fund balance is over the anticipated General Governmental Fund
Balance of $13.1 million by $1.5 million or 11.8%. Although the ending fund balance is above projections, it is consistent
with the prior years’ trends since the City receipted the first half of 2012 property taxes in April/May and will receipt the
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 13 of 37
Monthly Financial Report June 2012
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through June 30, 2012
Funds
Balance
01/01/2012
Budgeted
Revenue
Revenue
06/30/12
Total Funds
Available
Budgeted
Expenditure
Expenditure
06/30/12
Ending
Balance
GENERAL GOVERNMENT FUNDS:11,057,551 101,953,223 51,288,412 62,345,963 102,353,876 47,714,859 14,631,104
000 General 6,934,747 74,313,431 37,115,328 44,050,075 75,353,069 36,540,810 7,509,265
001 Community Services 1,413,050 11,302,259 5,694,561 7,107,611 11,126,074 4,706,675 2,400,937
003 Street 1,264,341 8,953,479 4,640,104 5,904,445 8,492,917 4,007,906 1,896,539
004 Community Dev Block Grant 8,339 305,961 120,003 128,342 303,281 145,473 (17,132)
005 Museum 52,620 216,220 216,468 269,088 213,533 108,238 160,850
006 Library 48,603 230,000 230,040 278,643 230,000 263,606 15,037
009 Farmers Market 87,437 75,500 37,203 124,640 78,629 34,565 90,075
010 Fire Memorial 1,953 ‐ (1,952) 1 ‐ ‐ 1
011 Fire Health & Wellness 36,858 25,000 12,770 49,628 25,000 1,965 47,663
031 Pa rk Memorial 177,758 ‐ 331 178,089 ‐ ‐ 178,089
201 Ltd GO Bonds Gen Govt Debt 591,257 1,982,075 1,109,711 1,700,968 1,982,075 149,359 1,551,609
215 Gen Govt Misc Debt Service 440,588 4,549,298 2,113,844 2,554,432 4,549,298 1,756,261 798,171
SPECIAL REVENUE FUNDS:
102 Arterial Street 158,974 600,000 287,260 446,234 600,000 350,000 96,234
108 Leased City Properties 488,500 844,049 282,872 771,372 749,232 289,992 481,380
110 Hotel Motel 243,556 265,000 160,345 403,901 442,050 313,776 90,125
118 Reserve for Paths & Trails 3,314 ‐ 6 3,320 ‐ ‐ 3,320
125 1% For Art 121,686 32,813 227 121,913 50,000 86 121,827
127 Cable Communication 185,968 85,000 66,459 252,427 235,674 10,182 242,245
135 Springbrook Wetlands Bank 663,556 ‐ 1,237 664,793 ‐ ‐ 664,793
DEBT SERVICE FUNDS:
219 1989 Unlimited GO Bonds ‐ ‐ ‐ ‐ ‐ ‐ ‐
CAPITAL PROJECT FUNDS (CIP):
303 Community Dev Mitigation 1,475,050 60,000 8,593 1,483,643 400,000 ‐ 1,483,643
304 Fire Mitigation 1,492,674 100,000 11,173 1,503,847 536,926 ‐ 1,503,847
305 Transportation Mitigation 657,187 100,000 16,565 673,752 450,000 450,000 223,752
316 Municipal Facilities CIP 3,745,546 2,928,009 822,475 4,568,021 6,337,982 976,525 3,591,496
317 Transportation CIP 3,422,219 26,755,575 6,241,490 9,663,709 30,135,972 7,453,884 2,209,825
318 So Lake WA Infrastructure Proj 52,792 ‐ 98 52,890 52,024 441 52,449
326 Housing Opportunity 130,546 ‐ 2,520 133,066 125,000 50,000 83,066
336 New Library Development 19,196,447 ‐ 33,292 19,229,739 19,196,447 421,435 18,808,304
ENTERPRISE FUNDS:
402 Airport 494,718 1,299,150 674,351 1,169,069 1,307,780 663,599 505,470
403 Solid Waste Utility 1,734,734 15,021,811 7,679,859 9,414,593 15,014,481 6,838,643 2,575,950
404 Golf Course 379,997 2,483,545 975,261 1,355,258 2,492,204 936,967 418,291
422 Airport Capital 1,589,992 4,149,219 686,427 2,276,419 5,639,211 459,392 1,817,027
424 Golf Course Capital 235,491 50,000 50,468 285,959 145,000 23,495 262,464
INTERNAL SERVICE FUNDS:
501 Equipment Repair/Replacement 4,774,376 3,190,893 1,577,639 6,352,015 3,979,127 1,932,922 4,419,093
502 I nsurance 6,620,437 3,187,593 1,516,792 8,137,229 3,134,079 1,554,458 6,582,771
503 Information Services 2,181,743 4,126,173 2,080,962 4,262,705 5,959,686 1,983,516 2,279,189
504 Facilities 300,238 4,334,952 2,130,012 2,430,250 4,389,399 1,793,405 636,845
505 Communications 141,120 974,307 494,705 635,825 991,015 424,902 210,923
512 Insurance, Healthcare 7,133,996 12,014,224 5,880,938 13,014,934 11,996,739 5,566,358 7,448,576
522 Insurance, Leoff1 Retirees HC 5,479,399 2,235,684 1,158,733 6,638,132 2,262,573 690,678 5,947,454
FIDUCIARY FUNDS:
611 Firemen's Pension 4,377,696 300,000 123,084 4,500,780 550,475 122,670 4,378,110
Funds
Balance
01/01/2012
Budgeted
Revenue
Revenue
06/30/12
Total Funds
Available
Budgeted
Expenditure
Expenditure
06/30/12
Ending
Balance
ENTERPRISE FUNDS: COMBINED UTILITIES 14,140,266 49,406,145 22,882,135 37,022,401 52,104,452 18,770,108 18,252,293
405 Water Utility 3,993,415 11,106,460 5,373,500 9,366,915 10,689,883 4,858,926 4,507,989
406 Waste Water Utility 685,178 5,888,574 2,737,388 3,422,566 5,130,805 2,488,537 934,029
407 Surface Water Utility 1,625,915 5,637,563 2,878,320 4,504,235 5,479,377 2,356,414 2,147,821
416 King County Metro 1,077,805 13,209,387 6,645,345 7,723,150 13,209,387 6,457,925 1,265,225
425 Water Utility Construction 3,633,246 5,369,215 1,385,584 5,018,830 7,085,000 530,513 4,488,317
426 Waste Water Construction 524,178 3,310,000 1,862,172 2,386,350 3,710,000 816,091 1,570,259
427 Surface Water Construction 2,584,684 4,884,946 1,999,796 4,584,480 6,800,000 1,261,702 3,322,778
461 Waterworks Bond Reserve ‐ ‐ ‐ ‐ ‐ ‐ ‐
471 Waterworks Rate Stabilization 15,845 ‐ 30 15,875 ‐ ‐ 15,875
481 Future W/S Bond Proceeds ‐ ‐ ‐ ‐ ‐ ‐ ‐
Note: Waterworks Utility Funds are managed as a system and are designated by the dotted lines.
Page 14 of 37
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 10,715,775 15,284,017 (4,568,242) 6,489,309
March 16,218,914 22,281,867 (6,062,953) 4,994,598
April 32,180,045 31,242,984 937,061 11,994,612
May 46,051,336 38,877,391 7,173,945 18,231,496
June 51,288,412 47,714,859 3,573,553 14,631,104
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 15 of 37
City of Renton
Monthly Revenue Analysis ‐ 2012 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 5,193,603 5,169,136 ‐0.47%
Feb 10,686,507 10,715,775 0.27%
Mar 16,252,798 16,218,914 ‐0.21%
Apr 29,859,544 32,180,045 7.77%
May 45,353,538 46,051,336 1.54%
Jun 50,349,298 51,288,412 1.87%
Jul 56,206,396
Aug 61,373,373
Sep 67,589,089
Oct 80,903,848
Nov 95,751,769
Dec 101,953,223
Percent of budget 50.31%
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 572,253 234,689 ‐58.99%
Mar 1,247,748 1,115,068 ‐10.63%
Apr 9,024,212 11,127,076 23.30%
May 17,133,271 17,258,526 0.73%
Jun 17,231,849 17,301,729 0.41%
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 52.59%
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
Budget
Actual
Last Year
Page 16 of 37
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 3,645,170 2.69%
Mar 5,080,681 5,103,858 0.46%
Apr 6,625,498 6,637,123 0.18%
May 8,384,823 8,425,848 0.49%
Jun 9,969,656 10,083,315 1.14%
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 50.50%
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 2,981,716 1.54%
Mar 4,482,830 4,420,232 ‐1.40%
Apr 5,916,252 5,804,472 ‐1.89%
May 7,266,402 7,198,580 ‐0.93%
Jun 8,522,519 8,307,168 ‐2.53%
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 51.42%
Note: Includes Natural Gas Use Tax.
$0
$2
$4
$6
$8
$10
$12
$14
$16
Budget
Actual
Last Year
Page 17 of 37
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 303,772 388,194 27.79%
Mar 495,614 595,917 20.24%
Apr 721,466 863,503 19.69%
May 883,222 1,050,245 18.91%
Jun 1,025,529 1,249,175 21.81%
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 51.98%
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 915,032 1,007,561 10.11%
Mar 1,358,397 1,389,752 2.31%
Apr 2,396,197 2,492,260 4.01%
May 5,070,068 5,142,362 1.43%
Jun 5,676,671 5,924,916 4.37%
Jul 6,246,775
Aug 6,819,021
Sep 7,276,978
Oct 8,639,913
Nov 11,058,398
Dec 12,235,154
Percent of budget 48.43%
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 18 of 37
City of Renton
Monthly Revenue Analysis ‐ 2012 Budget Year
Charges for
Services Budget
YTD
Actual
Annual %
over (under)
Jan 433,277 374,426 ‐13.58%
Feb 910,731 788,975 ‐13.37%
Mar 1,454,233 1,308,436 ‐10.03%
Apr 2,045,308 1,886,483 ‐7.77%
May 2,644,071 2,493,978 ‐5.68%
Jun 3,207,813 3,078,647 ‐4.03%
Jul 3,864,078
Aug 4,567,070
Sep 5,140,570
Oct 5,652,987
Nov 6,159,124
Dec 6,691,060
Percent of budget 46.01%
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 432,054 424,528 ‐1.74%
Mar 746,225 668,907 ‐10.36%
Apr 1,034,478 947,879 ‐8.37%
May 1,290,304 1,254,303 ‐2.79%
Jun 1,551,967 1,572,394 1.32%
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 48.92%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Budget
Actual
Last Year
Page 19 of 37
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 891,088 954,879 7.16%
Mar 1,133,369 1,216,856 7.37%
Apr 1,766,475 1,919,894 8.69%
May 2,266,200 2,445,811 7.93%
Jun 2,634,402 2,895,320 9.90%
Jul 3,734,486
Aug 4,036,711
Sep 4,321,021
Oct 5,136,095
Nov 5,537,000
Dec 6,050,976
Percent of budget 47.85%
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 128,421 206,151 60.53%
Feb 175,400 289,974 65.32%
Mar 253,352 394,394 55.67%
Apr 311,392 492,558 58.18%
May 396,848 637,771 60.71%
Jun 510,515 731,604 43.31%
Jul 629,398
Aug 729,072
Sep 805,324
Oct 867,135
Nov 934,797
Dec 1,099,199
Percent of budget 66.56%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60 Budget
Actual
Last Year
Page 20 of 37
City of Renton
Monthly Revenue Analysis ‐ 2012 Budget Year
Other
Financing Budget
YTD
Actual
Annual %
over (under)
Jan ‐ ‐ N/A
Feb 87 90 3.21%
Mar 348 5,494 1478.88%
Apr 18,266 8,797 ‐51.84%
May 18,328 143,912 685.20%
Jun 18,378 144,143 684.32%
Jul 18,415
Aug 18,477
Sep 1,142,946
Oct 1,200,811
Nov 1,200,836
Dec 1,241,752
Percent of budget 11.61%
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 255,393 291,768 14.24%
Mar 393,741 495,352 25.81%
Apr 502,119 690,220 37.46%
May 655,898 943,666 43.87%
Jun 879,012 1,290,845 46.85%
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 63.75%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
Millions
Budget
Actual
Last Year
Page 21 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2012 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 7,260,682 6,667,414 ‐8.17%
Feb 15,677,774 15,284,017 ‐2.51%
Mar 22,981,905 22,281,867 ‐3.05%
Apr 31,722,363 31,242,984 ‐1.51%
May 39,048,870 38,877,391 ‐0.44%
Jun 48,321,979 47,714,859 ‐1.26%
Jul 59,118,853
Aug 67,850,124
Sep 76,521,326
Oct 84,769,735
Nov 93,132,969
Dec 102,353,876
Percent of budget expended 46.62%
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 45,516 ‐3.67%
Mar 71,106 68,811 ‐3.23%
Apr 94,952 91,998 ‐3.11%
May 118,463 115,568 ‐2.44%
Jun 142,332 138,621 ‐2.61%
Jul 166,209
Aug 189,913
Sep 213,507
Oct 235,771
Nov 259,647
Dec 284,087
Percent of budget expended 48.80%
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Budget
Actual
Last Year
Page 22 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2012 Budget Year
Executive Budget
YTD
Actual
Annual %
over (under)
Jan 115,566 75,851 ‐34.37%
Feb 234,736 193,315 ‐17.65%
Mar 352,251 312,540 ‐11.27%
Apr 476,167 427,410 ‐10.24%
May 597,036 545,056 ‐8.71%
Jun 714,061 660,020 ‐7.57%
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 44.94%
Hearing YTD Annual %
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
Millions Executive
Budget
Actual
Last Year
$180 000
Hearing Examiner
Examiner Budget Actual over (under)
Jan 8,732 1,731 ‐80.18%
Feb 15,470 3,485 ‐77.47%
Mar 20,317 16,343 ‐19.56%
Apr 25,330 21,235 ‐16.17%
May 30,687 27,252 ‐11.19%
Jun 36,506 30,050 ‐17.68%
Jul 42,088
Aug 47,349
Sep 53,136
Oct 58,229
Nov 65,292
Dec 71,025
Percent of budget expended 42.31%
$‐
$30,000
$60,000
$90,000
$120,000
$150,000
$180,000
Budget
Actual
Last Year
Page 23 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2012 Budget Year
City Attorney Budget
YTD
Actual
Annual %
over (under)
Jan 135,939 136,926 0.73%
Feb 280,202 277,093 ‐1.11%
Mar 419,912 419,219 ‐0.16%
Apr 560,129 563,552 0.61%
May 698,477 700,106 0.23%
Jun 838,962 844,781 0.69%
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 50.63%
YTD Annual % $2 20
Millions Court Services
$‐
$0.40
$0.80
$1.20
$1.60
Millions City Attorney
Budget
Actual
Last Year
Court Services Budget Actual over (under)
Jan 174,964 166,993 ‐4.56%
Feb 344,821 334,252 ‐3.06%
Mar 521,572 504,905 ‐3.20%
Apr 698,400 674,406 ‐3.44%
May 871,345 860,008 ‐1.30%
Jun 1,069,741 1,045,629 ‐2.25%
Jul 1,252,611
Aug 1,433,492
Sep 1,617,436
Oct 1,784,453
Nov 1,963,784
Dec 2,155,819
Percent of budget expended 48.50%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
$2.20
Budget
Actual
Last Year
Page 24 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2012 Budget Year
CED Admin Budget
YTD
Actual
Annual %
over (under)
Jan 77,315 79,562 2.91%
Feb 159,341 159,405 0.04%
Mar 239,050 239,249 0.08%
Apr 318,760 322,177 1.07%
May 398,469 399,357 0.22%
Jun 478,179 476,538 ‐0.34%
Jul 557,987
Aug 637,894
Sep 717,523
Oct 794,989
Nov 873,950
Dec 952,912
Percent of budget expended 50.01%
Development YTD Annual %
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Millions
Community & Economic
Development Admin
Budget
Actual
Last Year
Millions
Development Services
Services Budget Actual over (under)
Jan 308,456 239,412 ‐22.38%
Feb 598,589 477,272 ‐20.27%
Mar 886,050 715,648 ‐19.23%
Apr 1,171,262 959,516 ‐18.08%
May 1,475,822 1,208,953 ‐18.08%
Jun 1,747,643 1,465,542 ‐16.14%
Jul 2,032,811
Aug 2,290,533
Sep 2,593,698
Oct 2,863,779
Nov 3,141,884
Dec 3,434,929
Percent of budget expended 42.67%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
Millions
Budget
Actual
Last Year
Page 25 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2012 Budget Year
Economic
Development Budget
YTD
Actual
Annual %
over (under)
Jan 59,421 51,733 ‐12.94%
Feb 124,792 115,634 ‐7.34%
Mar 178,769 164,809 ‐7.81%
Apr 237,200 209,460 ‐11.69%
May 304,084 255,933 ‐15.83%
Jun 366,115 306,119 ‐16.39%
Jul 430,836
Aug 487,814
Sep 561,518
Oct 620,200
Nov 686,272
Dec 753,765
Percent of budget expended 40.61%
YTD Annual %
$‐
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
Millions
Economic Development
Budget
Actual
Last Year
Millions
Planning
Planning Budget Actual over (under)
Jan 111,447 121,734 9.23%
Feb 242,600 245,831 1.33%
Mar 344,794 377,067 9.36%
Apr 461,325 493,399 6.95%
May 568,088 616,222 8.47%
Jun 719,930 738,072 2.52%
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 48.66%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
Millions
Budget
Actual
Last Year
Page 26 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2012 Budget Year
Finance Budget
YTD
Actual
Annual %
over (under)
Jan 149,357 152,157 1.87%
Feb 299,349 312,270 4.32%
Mar 452,396 476,115 5.24%
Apr 602,531 635,592 5.49%
May 766,386 813,293 6.12%
Jun 922,974 995,643 7.87%
Jul 1,070,091
Aug 1,235,336
Sep 1,414,702
Oct 1,554,314
Nov 1,696,851
Dec 2,161,836
Percent of budget expended 46.06%
YTD Annual % $0 80
Millions City Clerk
$‐
$0.40
$0.80
$1.20
$1.60
$2.00
$2.40
Millions Finance
Budget
Actual
Last Year
City Clerk Budget Actual over (under)
Jan 64,108 51,770 ‐19.25%
Feb 125,530 111,173 ‐11.44%
Mar 197,338 170,116 ‐13.79%
Apr 357,645 226,333 ‐36.72%
May 485,052 283,861 ‐41.48%
Jun 548,623 343,072 ‐37.47%
Jul 613,605
Aug 677,277
Sep 742,449
Oct 863,525
Nov 930,561
Dec 1,002,105
Percent of budget expended 34.24%
$‐
$0.20
$0.40
$0.60
$0.80
Budget
Actual
Last Year
Page 27 of 37
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 160,543 145,615 ‐9.30%
Mar 235,703 227,236 ‐3.59%
Apr 306,383 299,810 ‐2.15%
May 377,353 372,608 ‐1.26%
Jun 458,275 459,361 0.24%
Jul 539,353
Aug 617,162
Sep 695,139
Oct 771,451
Nov 853,247
Dec 946,956
Percent of budget expended 48.51%
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 2,247,759 1,905,016 ‐15.25%
Feb 4,466,855 4,392,199 ‐1.67%
Mar 6,695,875 6,307,019 ‐5.81%
Apr 9,540,664 9,480,882 ‐0.63%
May 11,609,004 11,693,746 0.73%
Jun 14,358,981 14,209,937 ‐1.04%
Jul 17,916,322
Aug 20,406,918
Sep 22,942,085
Oct 25,357,122
Nov 27,888,227
Dec 30,555,217
Percent of budget expended 46.51%
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
Budget
Actual
Last Year
Page 28 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2012 Budget Year
Fire &
Emergency
Services Budget
YTD
Actual
Annual %
over (under)
Jan 1,926,514 1,891,121 ‐1.84%
Feb 4,578,628 4,615,089 0.80%
Mar 6,477,477 6,539,657 0.96%
Apr 8,345,799 8,435,070 1.07%
May 10,309,325 10,741,041 4.19%
Jun 12,235,348 12,628,919 3.22%
Jul 14,209,782
Aug 16,254,213
Sep 18,244,725
Oct 20,112,582
Nov 22,108,827
Dec 24,099,606
Percent of budget expended 52.40%
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 73,790 6.65%
Mar 104,084 108,727 4.46%
Apr 138,770 143,787 3.62%
May 173,424 180,559 4.11%
Jun 208,186 215,856 3.68%
Jul 243,168
Aug 278,693
Sep 315,161
Oct 349,074
Nov 384,584
Dec 421,043
Percent of budget expended 51.27%
$‐
$0.05
$0.10
$0.15
$0.20
$0.25
$0.30
$0.35
$0.40
$0.45
Budget
Actual
Last Year
Page 29 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2012 Budget Year
Parks Budget
YTD
Actual
Annual %
over (under)
Jan 262,517 274,545 4.58%
Feb 559,300 551,290 ‐1.43%
Mar 854,597 862,246 0.89%
Apr 1,171,115 1,179,119 0.68%
May 1,497,885 1,489,760 ‐0.54%
Jun 1,853,057 1,823,313 ‐1.61%
Jul 2,222,702
Aug 2,589,857
Sep 2,973,223
Oct 3,348,621
Nov 3,709,562
Dec 4,045,762
Percent of budget expended 45.07%
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 33,341 36,047 8.11%
Feb 79,733 73,127 ‐8.29%
Mar 130,026 124,284 ‐4.42%
Apr 181,424 169,504 ‐6.57%
May 243,305 223,491 ‐8.14%
Jun 302,748 275,550 ‐8.98%
Jul 372,183
Aug 433,495
Sep 494,583
Oct 561,935
Nov 625,369
Dec 685,122
Percent of budget expended 40.22%
$‐
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
Budget
Actual
Last Year
Page 30 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2012 Budget Year
Recreation Budget
YTD
Actual
Annual %
over (under)
Jan 359,441 304,539 ‐15.27%
Feb 719,755 652,057 ‐9.41%
Mar 1,091,168 999,673 ‐8.39%
Apr 1,458,822 1,377,160 ‐5.60%
May 1,839,738 1,750,284 ‐4.86%
Jun 2,245,447 2,133,041 ‐5.01%
Jul 2,856,921
Aug 3,525,903
Sep 4,078,172
Oct 4,458,478
Nov 4,852,563
Dec 5,276,859
Percent of budget expended 40.42%
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 53,571 58,787 9.74%
Feb 115,249 130,666 13.38%
Mar 191,090 266,033 39.22%
Apr 373,425 409,836 9.75%
May 474,159 478,640 0.95%
Jun 539,264 546,207 1.29%
Jul 716,044
Aug 792,431
Sep 859,537
Oct 1,005,515
Nov 1,095,976
Dec 1,277,487
Percent of budget expended 42.76%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
Budget
Actual
Last Year
Page 31 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2012 Budget Year
Neighborhoods
, Resources,
and Events Budget
YTD
Actual
Annual %
over (under)
Jan 42,811 41,419 ‐3.25%
Feb 85,883 79,802 ‐7.08%
Mar 129,550 129,143 ‐0.31%
Apr 180,806 168,204 ‐6.97%
May 230,302 209,582 ‐9.00%
Jun 293,808 258,915 ‐11.88%
Jul 363,607
Aug 429,239
Sep 484,127
Oct 529,989
Nov 583,317
Dec 697,288
Percent of budget expended 37.13%
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 5,000 5,000 0.00%
Mar 7,500 7,500 0.00%
Apr 58,604 58,604 0.00%
May 61,106 61,106 0.00%
Jun 263,606 263,606 0.00%
Jul 134,167
Aug 153,333
Sep 172,500
Oct 191,667
Nov 210,833
Dec 230,000
Percent of budget expended 114.61%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
Budget
Actual
Last Year
Page 32 of 37
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 35,736 2.21%
Mar 52,434 53,787 2.58%
Apr 70,241 71,901 2.36%
May 88,071 90,015 2.21%
Jun 106,029 108,238 2.08%
Jul 124,048
Aug 141,990
Sep 160,056
Oct 177,858
Nov 195,702
Dec 213,533
Percent of budget expended 50.69%
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 79,440 2.68%
Mar 116,179 119,164 2.57%
Apr 154,878 158,967 2.64%
May 193,891 197,642 1.93%
Jun 232,725 236,629 1.68%
Jul 271,807
Aug 311,339
Sep 350,878
Oct 388,230
Nov 426,925
Dec 465,889
Percent of budget expended 50.79%
$‐
$0.20
$0.40
$0.60
Budget
Actual
Last Year
Page 33 of 37
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 611,900 614,685 0.46%
Mar 918,371 935,153 1.83%
Apr 1,215,152 1,217,508 0.19%
May 1,515,424 1,525,151 0.64%
Jun 1,821,797 1,857,066 1.94%
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 49.80%
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
$6
Millions Transportation
Transportation Budget Actual over (under)
Jan 347,406 288,400 ‐16.98%
Feb 740,928 660,477 ‐10.86%
Mar 1,157,753 1,000,881 ‐13.55%
Apr 1,503,626 1,428,601 ‐4.99%
May 1,890,393 1,806,575 ‐4.43%
Jun 2,314,346 2,150,841 ‐7.06%
Jul 2,673,048
Aug 3,094,333
Sep 3,467,142
Oct 3,889,049
Nov 4,270,515
Dec 4,763,972
Percent of budget expended 45.15%
$‐
$1
$2
$3
$4
$5
$6
Budget
Actual
Last Year
Page 34 of 37
City of Renton
Monthly Expenditure Analysis ‐ 2012 Budget Year
Debt Service Budget
YTD
Actual
Annual %
over (under)
Jan ‐ ‐ N/A
Feb 250,317 250,317 0.00%
Mar 250,317 250,317 0.00%
Apr 842,026 842,026 0.00%
May 856,385 856,385 0.00%
Jun 1,905,620 1,905,620 0.00%
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 29.18%
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 649,480 649,480 0.00%
Mar 886,227 886,227 0.00%
Apr 1,176,929 1,176,929 0.00%
May 1,375,197 1,375,197 0.00%
Jun 1,597,673 1,597,673 0.00%
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 54.26%
$‐
$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 35 of 37
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2012 Budget Year
Utilities Budget Revenue Expense
Jan 3,475,799 4,860,643 3,270,986
Feb 8,418,801 9,712,888 7,451,062
Mar 14,051,183 15,372,251 11,393,139
Apr 18,326,955 20,105,679 15,700,049
May 22,684,083 25,621,490 19,760,057
Jun 31,272,421 30,561,965 25,608,749
Jul 36,738,457
Aug 41,485,486
Sep 47,210,495
Oct 52,849,867
Nov 58,237,289
Dec 67,118,933
Percent of budget expended 30.32%
Note: Operations and Capital
$0
$10
$20
$30
$40
$50
$60
$70
$80
Millions Utilities
Budget
Revenue
Expense
$8 00
Millions Airport
Airport Budget Revenue Expense
Jan 491,361 182,302 131,563
Feb 880,323 480,547 293,170
Mar 1,313,329 679,165 431,819
Apr 1,790,795 909,193 601,497
May 2,161,070 1,114,820 823,315
Jun 2,896,131 1,360,778 1,122,991
Jul 3,375,334
Aug 4,206,194
Sep 4,852,959
Oct 5,709,245
Nov 6,373,308
Dec 6,946,991
Percent of budget expended 16.17%
Note: Operations and Capital
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
Budget
Revenue
Expense
Page 36 of 37
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2012 Budget Year
Golf Course Budget Revenue Expense
Jan 60,268 65,568 123,688
Feb 200,212 163,205 259,488
Mar 339,128 281,478 422,495
Apr 428,171 504,028 622,626
May 528,038 751,725 774,905
Jun 661,811 1,025,729 960,462
Jul 758,375
Aug 865,936
Sep 957,161
Oct 1,041,874
Nov 1,206,844
Dec 2,637,204
Percent of budget expended 36.42%
Note: Operations and Capital
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
$2.10
$2.40
$2.70
$3.00
Millions Golf Course
Budget
Revenue
Expense
Page 37 of 37