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HomeMy WebLinkAbout201209, September.pdfFINANCE AND  INFORMATION TECHNOLOGY    M   E   M   O   R   A   N   D   U   M       DATE: October 24, 2012     TO: Rich Zwicker, Council President  Members of the Renton City Council     CC: Denis Law, Mayor  Administrators     FROM: Hai Nguyen, Sr. Finance Analyst     SUBJECT: September 2012 Financial Status Report        At the end of September, general governmental revenues show $1.6 million or 2.4% over  budget.  Revenues sources that are higher than expected are: property taxes ($400k); sales tax  ($225k); real estate excise taxes ($394k); building permits & development service fees ($422k);  and state shared revenues ($347k).  On the down side, the revenue sources that are  underperforming the year to date budget are: franchise fees ($54k below); utility taxes ($103k  below); culture and recreation fees ($146k below); and interfund/inter‐departmental services  ($220k below).    General government expenditures showed favorable variance of $1.3 million or 1.7%.  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          17,278,401          32,357,894          17,715,892          32,896,746          17,843,166          18,243,056          399,890          2.2% Sales  Tax 17,198,220          12,839,233          17,729,731          13,279,501          17,864,000          13,344,018          13,569,401          225,383          1.7% Sales  Tax ‐ Annexation  Credit 2,025,660             1,511,240             2,033,954             1,513,579             2,101,647             1,563,953             1,616,174             52,221             3.3% Criminal Justice Sales  Tax 1,620,479             1,210,827             1,809,757             1,361,430             1,867,145             1,404,602             1,411,031             6,429                0.5% Natural Gas Use  Tax 228,514                  184,158                  249,407                  206,447                  270,394                  223,819                  237,769                  13,950             6.2% Admission  Tax 291,399                  217,864                  308,200                  222,088                  350,000                  252,209                  235,808                  (16,401)            ‐6.5% Franchise Fees 1,222,444             887,960                  1,234,448             894,644                  1,323,000             958,821                  904,991                  (53,830)            ‐5.6% Electricity Tax 5,036,907             3,748,337             5,166,711             3,846,982             5,283,280             3,933,776             3,941,360             7,584                0.2% Natural Gas Utility Tax 1,577,756             1,200,941             1,848,806             1,465,021             1,950,000             1,545,208             1,336,635             (208,574)          ‐13.5% Transfer  Station 269,912                  192,341                  297,474                  199,986                  248,762                  167,238                  236,134                  68,896             41.2% TV Cable 1,296,744             1,020,173             1,385,275             1,019,718             1,427,679             1,050,933             1,046,925             (4,008)               ‐0.4% Telephone 1,038,009             784,427                  966,827                  731,537                  1,000,000             756,636                  749,210                  (7,427)               ‐1.0% Cellular Phone 2,206,637             1,679,973             2,054,183             1,585,584             2,309,360             1,782,550             1,709,535             (73,015)            ‐4.1% City Utilities 2,853,884             2,134,582             3,516,179             2,633,503             3,665,728             2,745,510             2,845,421             99,911             3.6% Leasehold Excise  Tax 138,830                  103,100                  162,593                  122,412                  145,000                  109,167                  92,045                     (17,122)             ‐15.7% Gambling Excise Tax 1,546,386             1,178,752             1,671,414             1,268,562             1,600,000             1,214,361             1,273,344             58,983             4.9% Real Estate Excise  Tax 2,464,489             1,660,140             2,074,059             1,383,144             2,025,000             1,349,848             1,864,830             514,982          38.2% Less: Municipal  Facilities  CIP REET (400,000)                (278,956)                (400,000)                (246,990)                (400,000)                (246,990)                (368,361)                (121,371)         49.1% EMS Levy 1,161,114             580,473                  868,873                  510,544                  1,007,976             442,891                  442,891                  ‐                      0.0% Business  License Fees 431,782                  323,771                  442,451                  325,599                  469,817                  345,738                  329,180                  (16,558)            ‐4.8% Other Licenses and Permits 262,629                  172,927                  232,534                  143,117                  213,305                  131,282                  166,755                  35,473             27.0% Building Permits & Development Svc Fees 2,437,270             1,917,809             2,772,779             2,113,119             2,466,063             1,885,480             2,307,453             421,973          22.4% Intergovt'l (Grants, State Shared, etc) 4,426,676             3,109,861             4,737,323             3,033,325             4,359,315             3,202,408             3,549,535             347,128          10.8% Fire District 25 and 40 Contracts 5,252,877             2,760,463             6,110,668             3,144,397             6,008,694             3,226,625             3,226,625             ‐                      0.0% Public Safety 482,343                  345,457                  484,985                  361,137                  430,635                  320,666                  353,966                  33,300             10.4% Culture and Recreation 1,424,932             1,230,246             1,493,540             1,283,581             1,660,863             1,427,382             1,281,861             (145,521)         ‐10.2% Interfund/Interdept‐Services 3,190,908             2,409,695             3,070,506             2,224,652             3,617,185             2,620,734             2,400,424             (220,310)         ‐8.4% Fines  and Forfeits 1,291,817             887,790                  1,163,602             802,240                  1,088,750             751,396                  717,053                  (34,343)             ‐4.6% Photo Enforcement 1,925,159             1,398,367             1,897,782             1,368,117             1,944,713             1,401,949             1,445,171             43,222             3.1% Seizure Funds  ‐ Federal/State/Local 221,046                  214,093                  83,220                     10,903                     180,693                  23,673                     31,767                     8,093                34.2% Interests and Other Earnings 183,511                  143,879                  107,183                  74,807                     125,400                  87,521                     74,233                     (13,288)            ‐15.2% Rents, Leases, and Concessions 727,338                  624,556                  744,834                  607,276                  701,464                  571,916                  670,969                  99,053             17.3% Contributions and Donations 133,756                  129,101                  196,586                  178,284                  81,500                     73,913                     104,431                  30,518             41.3% Other Miscellaneous 434,286                  340,197                  529,147                  344,741                  427,358                  249,686                  390,512                  140,826          56.4% Other Financing Sources  (Transfer‐In, etc) 653,595                  653,227                  1,073,507             169,528                  1,241,752             196,097                  160,342                  (35,755)            ‐18.2% Total  Operating Revenues 96,754,435          64,795,404          100,476,431       65,898,407          101,953,223       66,958,181          68,598,474          1,640,293      2.4% OPERATING EXPENDITURES Legislative 259,345                  195,351                  271,236                  203,409                  284,087                  213,507                  207,888                  5,619                2.6% Executive 1,578,526             1,198,078             1,566,906             1,121,986             1,468,694             1,083,306             1,001,508             81,798             7.6% Hearing Examiner 174,447                  131,145                  59,878                     44,161                     71,025                     53,136                     45,121                     8,015                15.1% City Attorney 1,565,597             1,190,659             1,596,609             1,189,429             1,668,686             1,255,965             1,261,497             (5,532)               ‐0.4% Court Services 2,007,599             1,510,390             2,084,170             1,559,522             2,155,819             1,617,436             1,559,621             57,815             3.6% Community and Eco  Dvlpmnt Admin 579,396                  437,987                  929,814                  698,417                  952,912                  717,523                  708,111                  9,413                1.3% Development Services 2,946,413             2,238,101             2,810,736             2,109,094             3,434,929             2,593,698             2,272,559             321,139          12.4% Economic Development 1,293,536             946,757                  659,981                  499,623                  675,136                  499,869                  394,501                  105,368          21.1% Planning 1,774,508             1,382,178             1,447,781             1,082,329             1,516,719             1,160,034             1,121,575             38,459             3.3% Finance 2,214,458             1,420,711             2,134,667             1,425,349             2,161,836             1,414,702             1,487,821             (73,119)            ‐5.2% City Clerk 789,209                  553,461                  736,880                  577,202                  1,002,105             742,449                  739,885                  2,563                0.3% Human Resources 861,221                  650,356                  888,252                  633,893                  946,956                  695,139                  700,143                  (5,004)               ‐0.7% Police 23,946,386          18,182,421          24,737,346          18,379,946          25,214,618          18,936,636          18,758,350          178,286          0.9% Jail Services 3,539,035             2,395,256             6,206,735             2,826,495             5,340,599             2,616,541             2,616,541             ‐                      0.0% Fire 21,554,792          16,291,059          22,511,597          17,069,616          24,099,606          18,244,725          18,352,396          (107,671)         ‐0.6% Community Services  Admin 1 1,063,011             800,701                  416,284                  306,588                  421,043                  315,161                  320,209                  (5,048)                ‐1.6% Parks 3,421,424             2,540,440             3,829,676             2,788,379             4,045,762             2,973,223             2,927,216             46,007             1.5% Parks Planning & Natural  Resources 448,574                  324,354                  551,423                  397,535                  685,122                  494,583                  417,421                  77,162             15.6% Recreation 4,433,420             3,415,124             4,974,002             3,855,315             5,276,859             4,078,172             3,831,606             246,565          6.0% Human Services 1,326,778             885,635                  1,247,294             846,288                  1,277,487             859,537                  797,375                  62,162             7.2% Neighborhoods, Resources, & Events 359,690                  267,691                  675,534                  464,692                  775,917                  548,933                  486,854                  62,079             11.3% Library 2,289,692             1,721,320             2,030,000             1,822,619             230,000                  271,106                  271,106                  ‐                      0.0% Museum 191,090                  143,470                  210,620                  157,635                  213,533                  160,056                  162,485                  (2,429)               ‐1.5% Public Works Admin 1 514,858                  389,451                  452,538                  339,129                  465,889                  350,878                  354,626                  (3,748)                ‐1.1% Street Maintenance 3,412,892             2,519,173             3,534,025             2,630,100             3,728,945             2,764,011             2,757,612             6,399                0.2% Transportation 5,215,309             3,793,849             4,509,066             3,283,394             4,763,972             3,467,142             3,316,587             150,555          4.3% Debt Service 4,707,100             1,303,524             4,822,566             1,398,850             6,531,373             2,158,688             2,158,688              ‐                      0.0% Non‐Departmental and Other 4,834,296             2,583,527             4,930,383             4,273,035             2,944,248             2,298,266             2,298,266             ‐                      0.0% Total  Operating Expenditures 97,302,601          69,412,171          100,825,999       71,984,031          102,353,876       72,584,418          71,327,565          1,256,853      1.7% Total  Ending Fund Balance 11,407,119$       7,338,518$          11,057,551$       5,321,495$          10,656,898$       5,431,313$          8,328,460$          2,897,147      53.3% 1Facilities  was included in Community Services  Admin  and Technical Services was included in Public Works Admin in 2010 Summary of Sources and Uses Annual Actual YTD Actual Favorable (Unfavorable) 2010 2011 2012 Variance Annual Actual YTD Actual Annual Budget YTD Budget YTD Actual Monthly Financial Report September 2012 Page 1 of 37 Monthly Financial Report September 2012        OVERVIEW  This financial overview reflects the City’s overall financial position for the fiscal year through September 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 73% of  all resources supporting general governmental activities.   The following section provides detail information on property,  sales, utility, and other taxes.    Property Tax  September’s collection is $546k, making  the total year‐to‐date collection $18.2  million or 55% of the total budget.  In  comparison to the previous year, the City  collected $527k or 3% more.  Compared  to the budget, the City is above  projections by $400k or 2%.  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  September 2012 sales tax receipts totalled  $1.5 million.  The City collected about the  same amounts as last September.   Compared to the projected current  month’s budget, it is right on target.  The  year‐to‐date collection of $13.6 million is  $290k or 2% more than the prior year and  is also $225k or 2% 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            346,717            234,641         209% 240,634         227% Aug 25,954               84,126               48,857               22,903            88% (35,269)           ‐42% Sep 467,946            421,108            545,753            77,807            17% 124,645         30% Oct 7,014,860        6,907,167         Nov 7,348,025        7,974,601         Dec 279,117            171,812             YTD  Total 17,715,892$  17,843,166$  18,243,056$ 527,164$      3% 399,890$      2% Annual Total 32,357,894$  32,896,746$   Property Tax Revenues Year to Date through September 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        1,505,142        67,283         5% 93,504        7% Aug 1,534,218        1,522,536        1,583,903        49,685         3% 61,368        4% Sep 1,472,399        1,468,712        1,472,566        167                 0% 3,854           0% Oct 1,517,444        1,529,207         ‐                         Nov 1,508,954        1,522,978         ‐                         Dec 1,423,832        1,467,796         ‐                         YTD  Total 13,279,501$  13,344,018$  13,569,401$  289,900$   2% 225,383$  2% Annual Total 17,729,731$  17,864,000$   2012 vs. Budget2012 vs. 2011 Month Year to Date through September Local Retail Sales  Tax  Revenues Page 2 of 37 Monthly Financial Report September 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 1,108,904$     1,220,213$     1,219,145$     110,241$       10%$            (1,067) 0% Auto  Sales 2,398,058        2,619,085        2,480,675        82,617             3%         (138,410)‐5% General Retail 4,557,799        4,723,809        4,828,840        271,041          6%           105,031 2% Manufacturing 847,752            533,778            782,592            (65,160)            ‐8%           248,814 47% Wholesale 864,380            888,713            868,790            4,410                1%            (19,922)‐2% Service 2,956,460        3,037,478        3,069,135        112,675          4%              31,657 1% Other 546,149            320,944            320,223            (225,925)         ‐41%                    (720) 0% Total 13,279,501$  13,344,018$  13,569,401$  289,900$       2%225,383$        2% Note: Excludes  Annexation  Credit and Criminal Justice Sales  Tax revenue.      Utility tax   September utility tax revenues are $1.3  million, which is $125k or 11% higher than  the same month last year and is also  ahead of the budget by $75k or 6%.  The  year‐to‐date collection is $12.1 million,  which is $414k or 4% higher than the prior  year but is $103k or 1% lower than the  budget.  The City is projecting utility tax  revenues to be under budget at year‐end.                The table below breaks out Utility Tax by source.  The Natural Gas variance is due to warmer weather year‐to‐date than the  prior year.    Utility Tax  by Type 2011 2012 Bgt YTD Act Change 2012/2011 2012 Act  vs  Bgt  Electrical 3,846,982$     3,933,776$     3,941,360$     94,378$          2%$              7,584 0% Natural Gas 1,671,467        1,769,027        1,574,403        (97,064)            ‐6%         (194,624)‐11% Cell 1,585,584        1,782,550        1,709,535        123,951          8%            (73,015)‐4% Phone 731,537            756,636            749,210            17,673             2%               (7,427)‐1% Cable 1,019,718        1,050,933        1,046,925        27,207             3%               (4,008) 0% Transfer Station 199,986            167,238            236,134            36,148             18%              68,896 41% City Utilities 2,633,503        2,745,510        2,845,421        211,918          8%              99,911 4% YTD  Total 11,688,776$  12,205,670$  12,102,988$  414,212$       4%(102,681)$       ‐1% Annual  Total 15,484,862$  16,155,203$   YTD  as % of 75% 75%      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         1,340,939        152,413      13% 100,822      8% Aug 1,165,863        1,217,180         1,153,724        (12,139)         ‐1% (63,457)         ‐5% Sep 1,176,526        1,225,853         1,301,158        124,631      11% 75,304         6% Oct 1,202,559        1,253,072          Nov 1,232,640        1,281,314          Dec 1,360,887        1,415,147          YTD  Total 11,688,776$  12,205,670$   12,102,988$  414,212$   4% (102,681)$  ‐1% Annual  Total 15,484,862$  16,155,203$    2012 vs. Budget2012 vs. 2011 Year to Date through September Utility Tax Revenues Month Page 3 of 37 Monthly Financial Report September 2012      Other Taxes     Real Estate Excise Tax  The City collected $173k in Real Estate Excise  Tax revenues (REET) for September.  This is  $33k or 16% behind the same month last year  and $28k or 14% below the current month’s  budget.  The year‐to‐date collection is $1.9  million, which is $482k or 35% more than the  prior year and is also $515k or 38% above the  budget.  The City is projecting REET to exceed  the budget at year‐end.                Gambling Tax  September’s Gambling Tax collections  total $163k.  Year‐to‐date total of $1.3  million is $5k above the year before  and is also $60k or 5% 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.  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% decrease, bingo increased by 38%, and card‐rooms are seeing 6% lower in activities when  compared to the prior year.      Franchise Fees  Franchise Fees are due quarterly and  the year‐to‐date revenue collections  are $905k or 68% of the budget.  This  is $10k or 1% higher than 2011 but is  $54k or 6% 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         177,839         60,273         51% 63,103         55% Aug 159,524         155,683         222,933         63,409         40% 67,250         43% Sep 205,753         200,800         173,212         (32,541)         ‐16% (27,588)         ‐14% Oct 189,691         185,125          Nov 335,893         327,808          Dec 165,331         162,219          YTD  Total 1,383,144$  1,349,848$  1,864,830$  481,686$   35% 514,982$   38% Annual Total 2,074,059$  2,025,000$   Real Estate  Excise  Tax  Revenues Year to Date through September Month 2012 vs. Budget2012 vs. 2011 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         161,244         24,469         18% 30,313         23% Aug 144,161         138,001         146,526         2,365            2% 8,525            6% Sep 125,618         120,251         162,540         36,922         29% 42,289         35% Oct 92,937            88,966             ‐                      Nov 139,018         133,078          ‐                      Dec 170,897         163,595          ‐                      YTD  Total 1,268,562$  1,214,361$  1,273,344$  4,782$         0% 58,983$      5% Annual  Total 1,671,414$  1,600,000$   Year  to Date through September 2012 vs. 2011 2012 vs. Budget Gambling Tax  Revenue Month 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         305,065         10,627         4% (10,495)        ‐3% Oct 292,692         313,688         ‐                      Dec 47,111            50,491            ‐                      YTD  Total 894,644$      958,821$      904,991$      10,347$      1% (53,830)$     ‐6% Annual  Total 1,234,448$  1,323,000$   Month 2012 vs. 2011 2012 vs. Budget Franchise  Fees  Revenue Year to Date through September Page 4 of 37 Monthly Financial Report September 2012      Admission Tax   Admission Tax returns are due  quarterly in January, April, July, and  October each year.  July 2012  collections represent activities  conducted during the 2nd quarter of  2012.      The report shows an increase of $15k  or 6% from the year before but is $15k  or 7% less than anticipated.  The City is  projecting admission tax revenues to be slightly under the budget at year‐end.      Licenses and Permits    Building Permits and Development Service  Fees  Building Permits and Development Service  Fee revenues totalled $182k in September.   The year‐to‐date development fees revenue  of $2.3 million is $194k or 9% more than  2011 and is also $422k or 22% higher than  budget.  The higher than expected fees are  due to collecting more in general building  permits, electrical permits, public works  inspection fees and plan check fees.  The  City is projecting building permits and  development service fee revenues to exceed  the budget at year‐end.                Business Licenses  Business Licenses totalled $3k for September,  which is $937 or 23% below the same month last  year and is also $1k or 27% below the current  month’s budget.  The year‐to‐date Business  Licenses revenue is over the prior year by $4k or  1% but is $17k or 5% 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            81,104            (4,921)           ‐6% (16,588)        ‐17% Aug 1,194               1,356               ‐                      Oct 86,112            97,791            ‐                      YTD  Total 222,088$      252,209$      235,808$      15,321$      6% (14,582)$     ‐7% Annual  Total 308,200$      350,000$       Month 2012 vs. 2011 2012 vs. Budget Admission Tax  Revenue Year to Date through September 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         299,611         87,851         41% 111,674      59% Aug 393,797         351,616         368,587         (25,209)         ‐6% 16,972         5% Sep 321,961         289,918         182,210         (139,751)      ‐43% (107,708)      ‐37% Oct 213,930         189,380          Nov 229,322         196,766          Dec 216,409         194,437          YTD  Total 2,113,119$  1,885,480$  2,307,453$  194,334$   9% 421,973$   22% Annual  Total 2,772,779$  2,466,063$   Building Permits and Development Service Fees Year  to Date through September 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        98,553        14,591      17% 9,398         11% Aug 18,393        19,531        14,550        (3,844)         ‐21% (4,981)         ‐26% Sep 4,135           4,391           3,197           (937)             ‐23% (1,193)         ‐27% Oct 95,874        101,804      ‐                  Nov 18,291        19,423        ‐                  Dec 2,686           2,852           ‐                  YTD  Total 325,599$  345,738$  329,180$  3,581$      1% (16,558)$  ‐5% Annual Total 442,451$  469,817$   2012 vs. 2011 Year to Date through September 2012 vs. Budget Business Licenses Month Page 5 of 37 Monthly Financial Report September 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 84% of the total  revenues in this category.   The year‐to‐date total Intergovernmental revenue is $8.2 million or 67% of the budget.    State Shared Revenues  State Shared Revenue  collections totalled $3.7 million  since the start of 2012.   Compared to the prior year,  State Shared Revenues are  above by $310k or 9%.   Compared to the projected  budget, the City is collecting  $354k 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 exceed 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 74% of the total revenue in this category.  The year‐to‐date total charges for services are $5 million or 75% of the  budget.  This is 3% below budget projections.  The following sections provide detail information for Public Safety,  Recreation, and Interfund Services.    Public Safety Services  Public Safety Services totalled $354k 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 $7k or 2%  less.  Compared to the budget, the City is  collecting $33k or 10% more than anticipated  revenue.  The City is projecting public safety  services revenues to meet the budget at year‐ end.       Intergovernmental 2011 2012 Bgt YTD Act Change  2012/2011 2012 Act  vs  Bgt  Fire  District #25 674,677$         698,717$         698,717$         24,040$          4% $                          ‐ 0% Fire  District #40 2,469,721        2,527,908        2,527,908        58,187             2%‐                            0% State  Shared Revenue 3,366,237        3,322,901        3,676,458        310,220          9% 353,556          11% Federal  Grants 362,849            779,086            779,086            416,237          115%‐                            0% State  Grants 120,461            111,798            111,798            (8,662)               ‐7%‐                            0% Other Grants/Intgovt 128,733            119,280            119,280            (9,454)               ‐7%‐                            0% ARRA Grants 416,475            273,944            273,944            (142,531)         ‐34%‐                            0% Total  Rev YTD 7,539,153$     7,833,634$     8,187,190$     648,038$       9%353,556$        5% Total  Rev Annual 12,657,748$  12,235,154$   YTD  % 60% 64% 67% Note:  Includes CJ Sales  Tax. 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            54,883         (15,211)       ‐22% (7,356)          ‐12% Aug 35,891        31,868            34,742         (1,148)          ‐3% 2,874           9% Sep 30,743        27,298            36,019         5,276           17% 8,721           32% Oct 34,756        30,861             ‐                   Nov 42,944        38,131             ‐                   Dec 46,148        40,976             ‐                   YTD Total 361,137$  320,666$      353,966$   (7,171)$       ‐2% 33,300$     10% Annual  Total 484,985$  430,635$       Month 2012 vs. 2011 Year to Date through September Public Safety Services 2012 vs. Budget 2011 2012 2012 Actual Budget Actual $ % $ % Crim Just Sales  Tax 1,361,430$     1,404,602$  1,411,031$   49,600$     4% 6,429$         0% Judicial Contribution 16,851                9,000               22,632              5,781           34% 13,632         151% Crim Just ‐ High Crime 142,459             72,536            144,999           2,540           2% 72,464         100% Crim Just ‐ Pop 14,900                ‐                     15,589              689               5% 15,589         100% Crim Just ‐ Spec  Prog 56,257                50,935            58,682              2,426           4% 7,747            15% State  DUI 14,591                11,621            13,149              (1,442)          ‐10% 1,528            13% Liquor Profits 485,460             497,825         717,552           232,091     48% 219,727      44% Liquor Excise  Tax 327,685             334,811         342,495           14,810        5% 7,684            2% Fuel  Tax 946,604             941,572         950,329           3,725           0% 8,757            1% YTD  Total 3,366,237$     3,322,901$  3,676,458$   310,220$  9% 353,556$   11% Annual  Total 4,495,551$     4,437,913$   Year to Date through September State Shared Revenues 2012 vs. 2011 Revenue 2012 vs. Budget Page 6 of 37 Monthly Financial Report September 2012      Recreation  Recreation revenues totalled $108k for the  current month.  Compared to the same  month the prior year, the City collected $34k  or 24% less.  Compared to the projected  monthly budget, the City collected $50k or  32% less.  The year‐to‐date collection of $1.3  million is $2k less than the prior year and is  also $146k or 10% 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 $2.4 million.   Compared to the prior year, the revenues are  over by $176k or 8%.  Compared to the  projected budget, the revenues are below by  $220k or 8%.  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 $2.2 million.   This is $9k higher than a year ago but is $6k  under the budget.  The City is projecting  fines and penalties to be slightly under 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         260,363         48,975         23% 25,293         11% Aug 254,060         282,523         262,038         7,978            3% (20,485)         ‐7% Sep 142,253         158,189         107,879         (34,373)         ‐24% (50,310)         ‐32% Oct 83,540            92,899             ‐                      Nov 77,528            86,214             ‐                      Dec 48,890            54,368             ‐                      YTD  Total 1,283,581$  1,427,382$  1,281,861$  (1,720)$        0% (145,521)$   ‐10% Annual  Total 1,493,540$  1,660,863$   Recreation Year to Date through September 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         217,828         (20,434)         ‐9% (62,855)         ‐22% Aug 229,627         270,511         345,690         116,063      51% 75,179         28% Sep 237,006         279,203         273,570         36,564         15% (5,634)            ‐2% Oct 270,340         318,472          ‐                      Nov 266,859         314,371         ‐                      Dec 308,654         363,607         ‐                      YTD  Total 2,224,652$  2,620,734$  2,400,424$  175,771$   8% (220,310)$  ‐8% Annual  Total 3,070,506$  3,617,185$   2012 vs. Budget Month Interfund Services Year to Date through September 2012 vs. 2011 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         271,355         23,888         10% 21,885         9% Aug 184,473         189,735         164,744         (19,729)         ‐11% (24,991)         ‐13% Sep 181,000         185,846         176,829         (4,170)            ‐2% (9,017)            ‐5% Oct 300,431         385,882          Nov 297,580         299,240          Dec 352,911         352,016          YTD Total 2,161,542$  2,177,018$  2,170,937$  9,395$         0% (6,081)$        0% Annual  Total 3,112,464$  3,214,156$   Month 2012 vs. Budget2012 vs. 2011 Year to Date through September Fines  and Penalties by Month Page 7 of 37 Monthly Financial Report September 2012      Year to Date through September 2011 2012 2012 Actual Budget Actual $ % $ % Civil Penalties 8,012$            11,210$         6,354$            (1,658)$         ‐21% (4,856)$         ‐43% Civil Infraction Penalties 504,639         541,380         428,168         (76,472)         ‐15% (113,213)     ‐21% Civil Parking Infraction Penalties 92,063            100,404         89,033            (3,029)            ‐3% (11,371)         ‐11% Photo Enforcement  Program 1,368,117     1,401,949     1,445,171     77,054         6% 43,222         3% Criminal Traffic  Misdemeanor Fines 69,938            63,314            62,481            (7,458)            ‐11% (833)                ‐1% Criminal Non‐Traffic  Fines 19,902            25,576            17,720            (2,182)            ‐11% (7,856)            ‐31% Criminal Costs 87,184            8,229               89,576            2,393            3% 81,347         988% Seizure Funds  ‐ Federal/State/Local 10,903            23,673            31,767            20,864         191% 8,093            34% Non‐Court Fines, Forfeitures and Penalties 785                    1,282               668                    (118)                ‐15% (614)                ‐48% YTD  Total 2,161,542$  2,177,018$  2,170,937$  9,395$         0% (6,081)$        0% Annual Total 3,112,464$  3,214,156$   2012 vs. 2011 Revenue 2012 vs. Budget Fines  and Penalties by Type       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  $1.4 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.  The City received a credit  in September for cameras that were shut off but  still  charged (July and August).          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 69% of the total  revenue in this category.  The year‐to‐date  total miscellaneous is $1.1 million.   Compared to last year, the revenues are  over by $43k or 4%.  Compared to the  projected year‐to‐date budget, the  revenues are over by $272k or 34%.  The  table on the next page breaks out  miscellaneous revenues by type:    Favorable Budget Actual Budget Actual (Unfavorable) 1 Jan 169,793$      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         188,622         72,275           68,237         120,385            Aug 98,678            92,593            56,688           67,693         24,900               Sep 83,853            72,707            71,527           46,369         26,338               Oct 145,798          ‐                     71,420            ‐                  ‐                        Nov 211,430         ‐                     71,884           ‐                  ‐                        Dec 185,536         ‐                     72,273           ‐                  ‐                        YTD  Total 1,401,949$  1,445,171$  626,386$     586,497$   858,675$         Annual Total 1,944,713$  841,964$      1 Actuals  of Revenues  and Expenses Expenses Photo Enforcement Program Year to Date through September Month Revenues 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         112,316         (61,562)        ‐35% (6,568)            ‐6% Aug 133,570         99,673            143,389         9,819            7% 43,716         44% Sep 97,973            76,252            89,588            (8,385)          ‐9% 13,336         17% Oct 75,425            61,811             Nov 77,427            67,662             Dec 163,299         164,402          YTD  Total 1,034,044$  805,324$      1,076,897$  42,852$      4% 271,573$   34% Annual  Total 1,350,195$  1,099,199$   Year to Date through September Month 2012 vs. Budget2012 vs. 2011 Miscellaneous Revenues  by Month Page 8 of 37 Monthly Financial Report September 2012      2011 2012 2012 Actual Budget Actual $ % $ % Interests and Other Earnings 74,807$         87,521$         74,233$         (573)$             ‐1% (13,288)$      ‐15% Rents, Leases, and Concessions 607,276         571,916         670,969         63,693         10% 99,053         17% Contributions/Donations from  Private Sources 178,284         73,913            104,431         (73,854)         ‐41% 30,518         41% Other 173,677         71,974            227,263         53,586         31% 155,289      216% YTD Total 1,034,044$  805,324$      1,076,897$  42,852$      4% 271,573$   34% Annual  Total 1,350,195$  1,099,199$   2012 vs. Budget Miscellaneous  Re venues  by Type Year to Date through September 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 70% of its budgeted general governmental expenditures at the end of September.  This is  $1.3 million or 1.7% 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 0.4%.  This is mainly due to over spending on  contracted services and publications and under spending in salaries/benefits and supplies.    Administrative Services Department (Finance and City Clerk) is over the year‐to‐date budget by $71k or 3%.  This is due to  the spending patterns of the 1st, 2nd, and 3rd Quarter of 2012 compared to 2010 and 2011. The year‐to‐date budget should  even out later in the year.  We will continue to monitor these items to determine if a budget adjustment is needed.    Human Resources and Risk Management Department (HR only) is over the year‐to‐date budget by $5k or 0.7%.  This is due  to over spending salaries/benefits and professional services and under spending on supplies/small tools.    Fire and Emergency Services Department is over the year‐to‐date budget by $108k or 0.6%.  This is mainly due to over  spending on supplies ($103k) and intergovernmental ($110k) and under spending on professional services ($142k).  We will  continue to monitor these items to determine if a budget adjustment is needed.     Page 9 of 37 Monthly Financial Report September 2012      CASH AND INVESTMENTS – 3RD  QUARTER  The current cash and  investments (C&I) portfolio  is provided in the table to  the right.  The City’s current  C&I balance is $93.6 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).   The City is currently in the  process of selling this  interfund loan to the City’s  Risk Management Fund  (502) in order to call the  remaining balance of the  2002 Fire Station 12 LTGO  bonds.  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 .6%.  The majority (.25%) lies within the cash at US Bank.    US Bank ‐Cash 55%State Investment Pool 11% US Federal Agency Securities* 5% Golf Course Interfund Loan 2% Columbia Bank 7% Fortune Bank (incl. CDARS) 2% Umpqua Bank 11% Commencement Bank (incl.  CDARS) 7% Commercial Paper 0% 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 46,283,795 overnight 0.50% 0.25%49%N/A 46,283,795                US Bank ‐ Cash 5,142,644 overnight 0.00% 0.00% 5% N/A 5,142,644                  GOLF '12 355,000 12/1/2012 2.25% 0.01% GOLF '13 375,000 12/1/2013 2.25% 0.01% GOLF '14 395,000 12/1/2014 2.25% 0.01% GOLF '15 410,000 12/1/2015 2.25% 0.01% US Treasury Securities none ‐                        N/A N/A 0.00% 0% 100%‐                                 Local Government Investment Pool 3920 State Investment Pool 9,907,359 10/1/2012 0.18% 0.02% 11% 75%9,907,359                  US Federal Agency Securities * 312159a FNMA (Callable) 2,500,000         4/17/2015 0.75% 0.02% 312169a FNMA (Callable) 2,497,500         2/22/2016 1.27% 0.03% Certificate of Deposit 110127a Columbia Bank 2,000,000 11/5/2012 1.12% 0.02% 112147a 2,768,975 1/11/2014 0.69% 0.02% 111167a 2,015,400 11/9/2016 0.99% 0.02% 212125a Fortune Bank (CDARS) 250,000 12/19/2012 0.55% 0.00% 212145a CDARS 1,516,108 6/14/2014 0.80% 0.01% 111125a Fortune Bank 251,094 12/23/2012 0.75% 0.00% 111126a Umpqua Bank 5,042,636 12/25/2012 0.85% 0.05% 112146a 5,209,717 5/18/2014 0.85% 0.05% 2011133a Commencement Bank (CDARS) 5,100,192 9/6/2013 1.00% 0.05% 212143a CDARS 1,030,141 9/20/2014 0.65% 0.01% 111133a Traditional 500,000 10/27/2013 1.00% 0.01% Commercial Paper none ‐                        N/A N/A 0.00% 0.00% 5%‐                                 TOTAL CASH & INVESTMENTS 93,550,561$      0.60% 100.00% 93,550,561$               Institution *Held in our safekeeping account at BNY Trust and Custody Golf Interfund Loan 2% N/A 20%7% 6,784,375                  2,017,202                  10,252,353                5% 100% 4,997,500                  1,535,000                  7% 20% 6,630,333                  20%2% 20%11% Page 10 of 37 Monthly Financial Report September 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 ‐                 ‐             ‐                 ‐               33,430         27,050       ‐               Grants  / intergovernmental 339,222          5,278         107,838          75,060         2,527           556,644     ‐               Charges  for services 93,553            1,531,844  11,216,913     10,589,384  6,359,340    5,860,155  10,222,412  Interdepartmental  services ‐                 ‐             4,265              282,653       195,548       448,918     ‐               Fines  and penalties ‐                 ‐             ‐                 ‐               ‐               ‐             ‐               Rents, leases, and misc fees 1,730,430       299,228     55,736            101,756       ‐               ‐             ‐               Interest and other misc 6,751              3,438         13,479            276,682       711,704       304,846     3,549           TOTAL REVENUES 2,169,956       1,839,788  11,398,232     11,325,535  7,302,549    7,197,613  10,225,961  EXPENSES: Utility billing ‐                 ‐             82,653            76,348         59,058         89,306       ‐               Utility systems ‐                 ‐             10,488,690     2,247,366    1,930,297    1,683,817  ‐               Utility maintenance ‐                 ‐             217,546          3,510,055    995,957       1,356,038  9,673,899    Transportation 1,008,424       ‐             ‐                 ‐               ‐               ‐             ‐               Golf ‐                 1,363,814  ‐                 ‐               ‐               ‐             ‐               TOTAL EXPENSES 1,008,424       1,363,814  10,788,889     5,833,769    2,985,312    3,129,161  9,673,899    AMOUNT AVAILABLE  FOR DEBT SERVICE 1,161,532       475,974     609,343          5,491,766    4,317,237    4,068,452  552,062       DEBT SERVICE: Principal ‐                 ‐             ‐                 1,093,925    741,076       144,290     ‐               Interest ‐                 ‐             ‐                 427,482       217,689       182,423     ‐               TOTAL DEBT SERVICE ‐                 ‐             ‐                 1,521,407    958,765       326,713     ‐               CAPITAL PROJECTS 588,691          28,483       ‐                 1,208,806    1,505,784    1,918,396  ‐               TRANSFERS IN/(OUT)(5,356)            ‐             ‐                 ‐               (10,094)        ‐             ‐               CHANGE IN FUND BALANCE 567,485          447,491     609,343          2,761,553    1,842,594    1,823,343  552,062       BEGINNING FUND BALANCE, Jan  1 2,084,710       615,488     1,734,734       7,642,506    1,209,356    4,210,599  1,077,805    ENDING FUND BALANCE, Sep 30 2,652,195       1,062,979  2,344,077       10,404,059  3,051,950    6,033,942  1,629,867        Page 11 of 37 Monthly Financial Report September 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 ‐                 73,271          ‐             ‐                      ‐            ‐            ‐             Grants  / intergovernmental 747                 66,501         1,915         ‐                      ‐            ‐            43,637        Charges  for services Equipment rental  m&o 1,670,686       1,587,422    ‐             ‐                      ‐            ‐            ‐             Telecommunications ‐                 139,806       ‐             ‐                      ‐            ‐            ‐             Print and mail ‐                 80,016         ‐             297,866             ‐            ‐            ‐             Communications ‐                 3,500           ‐             462,264             ‐            ‐            ‐             Facilities ‐                 ‐              3,130,130  ‐                      ‐            ‐            ‐             Data  cards  and cell  phones ‐                 112,607        ‐             ‐                      ‐            ‐            ‐             IT service contracts ‐                 237,084       ‐             ‐                      ‐            ‐            ‐             Geographical information systems ‐                 147,626       ‐             ‐                      ‐            ‐            ‐             Interest and other misc 12,332            5,812           1,540         523                    17,687      20,704       16,246        Internal service fund misc: Vehicle  / equipment capital  recovery 719,638          707,092       ‐             ‐                      ‐            ‐            ‐             Insurance premiums ‐                 ‐              ‐             ‐                     1,173,133 ‐            ‐             Worker's  comp/unemployment ‐                 ‐              ‐             ‐                     1,064,392 ‐            ‐             Benefit premiums ‐                 ‐              ‐             ‐                      ‐            8,228,442  1,655,732   Other misc 916                 201              6,356         126                    199           512,929     ‐             Capital  contributions ‐                 ‐              ‐             ‐                      ‐            ‐            ‐             Disposal  of capital  assets 1,000              ‐              ‐             ‐                      ‐            ‐            ‐             Insurance recoveries ‐                 ‐              ‐             ‐                     56,341      9,639         139             TOTAL REVENUES 2,405,319       3,160,938    3,139,941  760,779             2,311,752 8,771,714  1,715,754   EXPENSES: Communications 348,637              Equipment rental 1,808,373        Facilities 2,563,218   Healthcare 8,586,908   Information technology 2,580,591     Print and mail 288,183              Retiree  healthcare 935,894      Risk management Risk management 1,108,780  Unemployment 100,494     Worker's  compensation 969,221     TOTAL EXPENSES 1,808,373       2,580,591    2,563,218  636,820             2,178,495 8,586,908  935,894      AMOUNT AVAILABLE FOR CAPITAL 596,946          580,347       576,723     123,959             133,257    184,806     779,860      CAPITAL PROJECTS 1,377,356       846,395       139,576     ‐                      ‐            ‐            ‐             TRANSFERS IN 15,450            ‐              37,782       ‐                      ‐            ‐            ‐             TRANSFERS (OUT)‐                 ‐              ‐             ‐                      ‐            ‐            ‐             CHANGE  IN FUND BALANCE (764,960)        (266,048)     474,929     123,959             133,257    184,806     779,860      BEGINNING FUND BALANCE, Jan 1 4,774,376       2,181,743    300,238     141,120             6,620,437 7,133,996  5,479,399   ENDING FUND BALANCE, Sep 30 4,009,416       1,915,695    775,167     265,079             6,753,694 7,318,802  6,259,259   Page 12 of 37 Monthly Financial Report September 2012      FUND BALANCE  Page 14 shows the ending fund balance as of September 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 September, the City has $8.3 million reported in the combined general governmental fund balance of the  current year’s operating budget, which is approximately 8% of budgeted operating expenditures.  This is a decrease of $2.8  million from the year’s beginning balance.  September’s ending fund balance is over the anticipated General Governmental  Fund Balance of $5.4 million by $2.9 million or 53.3%.  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 September 2012      City  of Renton All Funds ‐ Revenue, Expenditures and Fund Balances Cash  Basis through September 30, 2012 Funds Balance  01/01/2012 Budgeted  Revenue Revenue  09/30/12 Total Funds   Available Budgeted  Expenditure Expenditure  09/30/12 Ending   Balance GENERAL GOVERNMENT FUNDS:11,057,551       101,953,223   68,598,474     79,656,025         102,353,876       71,327,565          8,328,460       000 General 6,934,747         74,313,431     50,781,046     57,715,793         75,353,069         54,456,567          3,259,227       001 Community Services 1,413,050         11,302,259     7,707,460       9,120,510           11,126,074         7,929,294            1,191,216       003 Street 1,264,341         8,953,479       5,623,196       6,887,537           8,492,917           6,074,199            813,338          004 Community Dev Block Grant 8,339                305,961          120,003          128,342              303,281              217,390               (89,048)          005 Museum 52,620              216,220          216,585          269,205              213,533              162,485               106,721          006 Library 48,603              230,000          230,000          278,603              230,000              271,106               7,497              009 Farmers  Market 87,437              75,500            75,783            163,220              78,629                54,012                 109,208          010 Fire Memorial 1,953                ‐                      (1,952)            1                         ‐                          ‐                          1                     011 Fire Health & Wellness 36,858              25,000            18,995            55,853                25,000                3,825                   52,028            031 Pa rk Memorial 177,758             ‐                      492                 178,250               ‐                           ‐                          178,250          201 Ltd  GO Bonds  Gen Govt Debt 591,257            1,982,075       1,352,094       1,943,351           1,982,075           149,359               1,793,992       215 Gen Govt Misc Debt Service 440,588            4,549,298       2,474,772       2,915,360           4,549,298           2,009,329            906,031          SPECIAL REVENUE FUNDS: 102 Arterial  Street 158,974            600,000          448,000          606,974              600,000              350,000               256,974          108 Leased  City Properties 488,500            844,049          424,530          913,030              749,232              437,739               475,291          110 Hotel  Motel 243,556            265,000          224,797          468,353              442,050              375,833               92,520            118 Reserve for Paths  & Trails 3,314                ‐                      8                     3,322                  ‐                          ‐                          3,322              125 1% For Art 121,686            32,813            326                 122,012              50,000                13,818                 108,194          127 Cable  Communication 185,968            85,000            79,054            265,022              235,674              10,046                 254,976          135 Springbrook Wetlands  Bank 663,556            ‐                      1,838              665,394              ‐                          ‐                          665,394          CAPITAL PROJECT FUNDS (CIP): 303 Community Dev Mitigation 1,475,050         60,000            41,285            1,516,335           400,000               ‐                          1,516,335       304 Fire Mitigation 1,492,674         100,000          219,763          1,712,437           536,926               ‐                          1,712,437       305 Transportation Mitigation 657,187            100,000          38,362            695,549              450,000              450,000               245,549          316 Municipal  Facilities  CIP 3,745,546         2,928,009       879,571          4,625,117           6,337,982           1,224,257            3,400,860       317 Transportation CIP 3,422,219         26,755,575     10,676,102     14,098,321         30,135,972         13,465,335          632,986          318 So La ke  WA Infrastructure  Proj 52,792               ‐                      145                 52,937                52,024                441                      52,496            326 Housing Opportunity 130,546             ‐                      3,696              134,242              125,000              50,000                 84,242            336 New Library Development 19,196,447        ‐                      48,838            19,245,285         19,196,447         523,414               18,721,871     ENTERPRISE FUNDS: 402 Airport 494,718            1,299,150       958,501          1,453,219           1,307,780           1,013,780            439,439          403 Solid Waste Utility 1,734,734         15,021,811     11,398,232     13,132,966         15,014,481         10,788,889          2,344,077       404 Golf Course 379,997            2,483,545       1,839,090       2,219,087           2,492,204           1,413,814            805,273          422 Airport Capital 1,589,992         4,149,219       1,211,456       2,801,448           5,639,211           588,691               2,212,757       424 Golf Course  Capital 235,491            50,000            50,699            286,190              145,000              28,483                 257,707          INTERNAL SERVICE FUNDS: 501 Equipment Repair/Replacement 4,774,376         3,190,893       2,420,769       7,195,145           3,979,127           3,185,730            4,009,415       502 Insurance 6,620,437         3,187,593       2,311,752       8,932,189           3,134,079           2,178,494            6,753,695       503 Information Services 2,181,743         4,126,173       3,160,938       5,342,681           5,959,686           3,426,985            1,915,696       504 Facilities 300,238            4,334,952       3,177,723       3,477,961           4,389,399           2,702,794            775,167          505 Communications 141,120            974,307          760,779          901,899              991,015              636,820               265,079          512 Insurance, Healthcare 7,133,996         12,014,224     8,771,714       15,905,710         11,996,739         8,586,908            7,318,802       522 Insurance, Leoff1 Retirees HC 5,479,399         2,235,684       1,715,754       7,195,153           2,262,573           935,894               6,259,259       FIDUCIARY FUNDS: 611 Firemen's  Pension 4,377,696         300,000          124,739          4,502,435           550,475              174,371               4,328,064       Funds Balance  01/01/2012 Budgeted  Revenue Revenue  09/30/12 Total Funds   Available Budgeted  Expenditure Expenditure  09/30/12 Ending   Balance ENTERPRISE FUNDS: COMBINED  UTILITIES 14,140,266       49,406,145     36,051,659     50,191,925         52,104,452         29,072,106          21,119,819     405 Water Utility 3,993,415         11,106,460     8,536,868       12,530,283         10,689,883         7,355,176            5,175,107       406 Waste  Water Utility 685,178            5,888,574       4,358,905       5,044,083           5,130,805           3,954,171            1,089,912       407 Surface Water Utility 1,625,915         5,637,563       4,248,884       5,874,799           5,479,377           3,455,874            2,418,925       416 King County Metro 1,077,805         13,209,387     10,225,961     11,303,766         13,209,387         9,673,899            1,629,867       425 Water Utility Construction 3,633,246         5,369,215       2,788,623       6,421,869           7,085,000           1,208,806            5,213,063       426 Waste  Water Construction 524,178            3,310,000       2,943,644       3,467,822           3,710,000           1,505,784            1,962,038       427 Surface Water Construction 2,584,684         4,884,946       2,948,730       5,533,414           6,800,000           1,918,396            3,615,018       471 Waterworks  Rate Stabilization 15,845              ‐                      44                   15,889                ‐                          ‐                          15,889            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 57,687,119            55,549,735            2,137,384              13,194,935             August 63,335,690            63,356,444            (20,754)                  11,036,797             September 68,598,474            71,327,565            (2,729,091)             8,328,460               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 10,687,351      10,715,775      0.27% Mar 16,256,126      16,218,914       ‐0.23% Apr 30,034,631      32,180,045      7.14% May 45,529,209      46,051,336      1.15% Jun 50,525,440      51,288,412      1.51% Jul 56,328,883      57,687,119      2.41% Aug 61,894,847      63,335,690      2.33% Sep 66,958,181      68,598,474      2.45% Oct 80,947,802       Nov 95,796,009       Dec 101,953,223     Percent of budget 67.28% 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      17,648,446      1.79% Aug 17,422,058      17,697,303      1.58% Sep 17,843,166      18,243,056      2.24% Oct 24,750,333       Nov 32,724,934       Dec 32,896,746       Percent of budget 55.46% $‐ $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      11,766,784      1.84% Aug 13,258,722      13,538,469      2.11% Sep 14,907,971      15,185,575      1.86% Oct 16,615,185       Nov 18,322,808       Dec 19,965,647       Percent of budget 76.06% 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        9,648,107         ‐1.17% Aug 10,979,816      10,801,830       ‐1.62% Sep 12,205,670      12,102,988       ‐0.84% Oct 13,458,742       Nov 14,740,056       Dec 16,155,203       Percent of budget 74.92% 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        1,547,600        23.10% Aug 1,551,253        1,839,226        18.56% Sep 1,768,424        1,994,570        12.79% Oct 2,019,748         Nov 2,211,675         Dec 2,403,331         Percent of budget 82.99% 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 6,433,449        6,681,592        3.86% Aug 7,404,099        7,648,504        3.30% Sep 7,833,634        8,187,190        4.51% Oct 9,196,568         Nov 11,615,054       Dec 12,235,154       Percent of budget 66.92% 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        3,747,920         ‐3.01% Aug 4,567,070        4,514,034         ‐1.16% Sep 5,140,570        5,001,139         ‐2.71% Oct 5,652,987         Nov 6,159,124         Dec 6,691,060         Percent of budget 74.74% 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        1,846,637        2.51% Aug 1,991,172        2,014,824        1.19% Sep 2,177,018        2,193,991        0.78% Oct 2,562,900         Nov 2,862,140         Dec 3,214,156         Percent of budget 68.26% $‐ $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 3,493,772        3,811,124        9.08% Aug 3,795,997        4,148,648        9.29% Sep 4,080,306        4,452,726        9.13% Oct 5,015,737         Nov 5,416,642         Dec 6,050,976         Percent of budget 73.59% 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           843,920           34.08% Aug 729,072           987,309           35.42% Sep 805,324           1,076,897        33.72% Oct 867,135            Nov 934,797            Dec 1,099,199         Percent of budget 97.97% $‐ $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 931                   90                      ‐90.36% Mar 3,676                5,494                49.47% Apr 193,353           8,797                 ‐95.45% May 193,999           143,912            ‐25.82% Jun 194,520           144,143            ‐25.90% Jul 194,943           144,991            ‐25.62% Aug 195,588           145,543            ‐25.59% Sep 196,097           160,342            ‐18.23% Oct 808,467            Nov 808,778            Dec 1,241,752         Percent of budget 12.91% 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           1,468,685        47.79% Aug 1,149,532        1,691,618        47.16% Sep 1,350,432        1,864,830        38.09% Oct 1,535,639         Nov 1,863,587         Dec 2,025,000         Percent of budget 92.09% $‐ $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 7,258,171        6,667,414         ‐8.14% Feb 15,671,939      15,284,017       ‐2.48% Mar 22,974,974      22,281,867       ‐3.02% Apr 31,714,581      31,242,984       ‐1.49% May 39,039,815      38,877,391       ‐0.42% Jun 48,320,533      47,714,859       ‐1.25% Jul 56,125,630      55,549,735       ‐1.03% Aug 64,358,342      63,356,444       ‐1.56% Sep 72,584,418      71,327,565       ‐1.73% Oct 84,769,196       Nov 93,133,392       Dec 102,353,876     Percent of budget expended 69.69% 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           161,791            ‐2.66% Aug 189,913           184,727            ‐2.73% Sep 213,507           207,888            ‐2.63% Oct 235,771            Nov 259,647            Dec 284,087            Percent of budget expended 73.18% $‐ $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           775,729            ‐7.49% Aug 949,052           892,376            ‐5.97% Sep 1,083,306        1,001,508         ‐7.55% Oct 1,204,110         Nov 1,318,583         Dec 1,468,694         Percent of budget expended 68.19% 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              33,646               ‐20.06% Aug 47,349              41,426               ‐12.51% Sep 53,136              45,121               ‐15.08% Oct 58,229               Nov 65,292               Dec 71,025               Percent of budget expended 63.53% $‐ $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           982,591           0.47% Aug 1,116,943        1,122,280        0.48% Sep 1,255,965        1,261,497        0.44% Oct 1,386,265         Nov 1,523,461         Dec 1,668,686         Percent of budget expended 75.60% 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        1,225,120         ‐2.19% Aug 1,433,492        1,396,118         ‐2.61% Sep 1,617,436        1,559,621         ‐3.57% Oct 1,784,453         Nov 1,963,784         Dec 2,155,819         Percent of budget expended 72.34% $‐ $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           553,718            ‐0.77% Aug 637,894           630,909            ‐1.09% Sep 717,523           708,111            ‐1.31% Oct 794,989            Nov 873,950            Dec 952,912            Percent of budget expended 74.31% 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        1,725,325         ‐15.13% Aug 2,290,533        2,001,005         ‐12.64% Sep 2,593,698        2,272,559         ‐12.38% Oct 2,863,779         Nov 3,141,884         Dec 3,434,929         Percent of budget expended 66.16% $‐ $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 55,243              46,930               ‐15.05% Feb 116,456           105,987            ‐8.99% Mar 165,674           149,151            ‐9.97% Apr 218,709           188,315            ‐13.90% May 279,574           229,561            ‐17.89% Jun 328,688           271,554            ‐17.38% Jul 384,444           311,183            ‐19.06% Aug 434,826           355,162            ‐18.32% Sep 499,869           394,501            ‐21.08% Oct 555,504            Nov 613,779            Dec 675,136            Percent of budget expended 58.43% 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           858,754           2.63% Aug 990,965           995,013           0.41% Sep 1,160,034        1,121,575         ‐3.32% Oct 1,277,610         Nov 1,377,062         Dec 1,516,719         Percent of budget expended 73.95% $‐ $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        1,172,818        9.60% Aug 1,235,336        1,348,224        9.14% Sep 1,414,702        1,487,821        5.17% Oct 1,554,314         Nov 1,696,851         Dec 2,161,836         Percent of budget expended 68.82% YTD Annual % $1 20 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           611,198            ‐0.39% Aug 677,277           677,021            ‐0.04% Sep 742,449           739,885            ‐0.35% Oct 863,525            Nov 930,561            Dec 1,002,105         Percent of budget expended 73.83% $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  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           540,433           0.20% Aug 617,162           625,233           1.31% Sep 695,139           700,143           0.72% Oct 771,451            Nov 853,247            Dec 946,956            Percent of budget expended 73.94% 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 16,547,749      16,456,908       ‐0.55% Aug 18,883,699      18,597,181       ‐1.52% Sep 21,553,177      21,374,890       ‐0.83% Oct 25,357,122       Nov 27,888,227       Dec 30,555,217       Percent of budget expended 69.95% $‐ $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      14,471,622      1.84% Aug 16,254,213      16,441,012      1.15% Sep 18,244,725      18,352,396      0.59% Oct 20,112,582       Nov 22,108,827       Dec 24,099,606       Percent of budget expended 76.15% 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           250,982           3.21% Aug 278,693           285,879           2.58% Sep 315,161           320,209           1.60% Oct 349,074            Nov 384,584            Dec 421,043            Percent of budget expended 76.05% $‐ $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        2,170,674         ‐2.34% Aug 2,589,857        2,541,158         ‐1.88% Sep 2,973,223        2,927,216         ‐1.55% Oct 3,348,621         Nov 3,709,562         Dec 4,045,762         Percent of budget expended 72.35% 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           319,721            ‐14.10% Aug 433,495           363,538            ‐16.14% Sep 494,583           417,421            ‐15.60% Oct 561,935            Nov 625,369            Dec 685,122            Percent of budget expended 60.93% $‐ $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        2,707,614         ‐5.23% Aug 3,525,903        3,346,772         ‐5.08% Sep 4,078,172        3,831,606         ‐6.05% Oct 4,458,478         Nov 4,852,563         Dec 5,276,859         Percent of budget expended 72.61% 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           682,779            ‐4.65% Aug 792,431           748,587            ‐5.53% Sep 859,537           797,375            ‐7.23% Oct 1,005,515         Nov 1,095,976         Dec 1,277,487         Percent of budget expended 62.42% $‐ $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 44,479              46,222              3.92% Feb 88,386              89,449              1.20% Mar 135,715           144,802           6.70% Apr 191,514           189,349            ‐1.13% May 245,758           235,954            ‐3.99% Jun 329,789           293,480            ‐11.01% Jul 411,262           369,868            ‐10.07% Aug 484,411           429,999            ‐11.23% Sep 548,933           486,854            ‐11.31% Oct 594,146            Nov 656,233            Dec 775,917            Percent of budget expended 62.75% 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 266,106           266,106           0.00% Aug 268,606           268,606           0.00% Sep 271,106           271,106           0.00% Oct 191,667            Nov 210,833            Dec 230,000            Percent of budget expended 117.87% $‐ $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           126,037           1.60% Aug 141,990           144,117           1.50% Sep 160,056           162,485           1.52% Oct 177,858            Nov 195,702            Dec 213,533            Percent of budget expended 76.09% 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           275,725           1.44% Aug 311,339           315,216           1.25% Sep 350,878           354,626           1.07% Oct 388,230            Nov 426,925            Dec 465,889            Percent of budget expended 76.12% $‐ $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        2,168,603        1.87% Aug 2,447,569        2,463,011        0.63% Sep 2,764,011        2,757,612         ‐0.23% Oct 3,088,569         Nov 3,403,987         Dec 3,728,945         Percent of budget expended 73.95% 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        2,561,195         ‐4.18% Aug 3,094,333        2,910,811         ‐5.93% Sep 3,467,142        3,316,587         ‐4.34% Oct 3,889,049         Nov 4,270,515         Dec 4,763,972         Percent of budget expended 69.62% $‐ $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 1,905,620        1,905,620        0.00% Aug 2,158,688        2,158,688        0.00% Sep 2,158,688        2,158,688        0.00% Oct 5,442,811         Nov 5,987,092         Dec 6,531,373         Percent of budget expended 33.05% 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 1,863,974        1,863,974        0.00% Aug 2,072,373        2,072,373        0.00% Sep 2,298,266        2,298,266        0.00% Oct 2,453,540         Nov 2,698,894         Dec 2,944,248         Percent of budget expended 78.06% $‐ $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      36,536,725    30,837,617     Aug 41,485,486      41,774,863    35,411,926     Sep 47,210,495      47,449,846    39,860,995     Oct 52,849,867       Nov 58,237,289       Dec 67,118,933       Percent of budget expended 48.18% 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        1,744,572      1,261,393       Aug 4,206,194        1,950,517      1,464,878       Sep 4,852,959        2,169,957      1,602,471       Oct 5,709,245         Nov 6,373,308         Dec 6,946,991         Percent of budget expended 23.07% 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           1,360,143      1,123,018       Aug 865,936           1,651,168      1,278,288       Sep 957,161           1,889,788      1,442,297       Oct 1,041,874         Nov 1,206,844         Dec 2,637,204         Percent of budget expended 54.69% 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