Loading...
HomeMy WebLinkAbout201212, December.pdfADMINISTRATIVE SERVICES  DEPARTMENT    M   E   M   O   R   A   N   D   U   M       DATE: February 12, 2013    TO: Randy Corman, Council President  Members of the Renton City Council     CC: Denis Law, Mayor  Administrators     FROM: Hai Nguyen, Sr. Finance Analyst     SUBJECT: December 2012 Financial Status Report       At the end of December, general governmental revenues show $2.2 million or 2.1% over  budget.  Revenues sources that are higher than expected are: property taxes ($570k); sales tax  ($701k); sales tax annexation credit ($107k); gambling taxes ($91k); building permits &  development service fees ($935k); intergovernmental ($207k); interest and other earnings  ($217k); rents leases and concessions ($121k); and other miscellaneous ($137k).  On the down  side, the revenue sources that are underperforming the year to date budget are: admission tax  ($39k below); franchise fees ($61k below); utility taxes ($201k below); EMS levy ($122k below);  culture and recreation fees ($167k below); interfund/inter‐departmental services ($305k  below); and fines and forfeitures ($154k below).    General government expenditures showed favourable variance of $2.8 million or 2.7%.  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          31,497,128          32,357,894          32,357,894          32,896,746          32,896,746          33,466,364          569,618          1.7% Sales  Tax 17,198,220          17,198,220          17,729,731          17,729,731          17,864,000          17,864,000          18,564,670          700,670          3.9% Sales  Tax  ‐ Annexation Credit 2,025,660             2,025,660             2,033,954             2,033,954             2,101,647             2,101,647             2,208,492             106,845          5.1% Criminal Justice Sales  Tax 1,620,479             1,620,479             1,809,757             1,809,757             1,867,145             1,867,145             1,924,470             57,325             3.1% Natural  Gas  Use Tax 228,514                  228,514                  249,407                  249,407                  270,394                  270,394                  272,530                  2,136                0.8% Admission  Tax 291,399                  291,399                  308,200                  308,200                  350,000                  350,000                  311,054                  (38,946)             ‐11.1% Franchise Fees 1,222,444             1,222,444             1,234,448             1,234,448             1,323,000             1,323,000             1,262,188             (60,812)            ‐4.6% Electricity Tax 5,036,907             5,036,907             5,166,711             5,166,711             5,283,280             5,283,280             5,211,111             (72,169)            ‐1.4% Natural  Gas  Utility Tax 1,577,756             1,577,756             1,848,806             1,848,806             1,950,000             1,950,000             1,669,967             (280,033)          ‐14.4% Transfer  Station 269,912                  269,912                  297,474                  297,474                  248,762                  248,762                  330,607                  81,845             32.9% TV Cable 1,296,744             1,296,744             1,385,275             1,385,275             1,427,679             1,427,679             1,423,664             (4,015)                ‐0.3% Telephone 1,038,009             1,038,009             966,827                  966,827                  1,000,000             1,000,000             1,056,420             56,420             5.6% Cellular Phone 2,206,637             2,206,637             2,054,183             2,054,183             2,309,360             2,309,360             2,183,853             (125,507)          ‐5.4% City Utilities 2,853,884             2,853,884             3,516,179             3,516,179             3,665,728             3,665,728             3,806,281             140,553          3.8% Leasehold Excise  Tax 138,830                  138,830                  162,593                  162,593                  145,000                  145,000                  158,849                  13,849             9.6% Gambling Excise Tax 1,546,386             1,546,386             1,671,414             1,671,414             1,600,000             1,600,000             1,691,209             91,209             5.7% Real  Estate Excise  Tax 2,464,489             2,464,489             2,074,059             2,074,059             2,767,521             2,767,521             2,811,902             44,381             1.6% Less: Municipal  Facilities CIP REET (400,000)                (400,000)                (400,000)                (400,000)                (943,588)                (943,588)                (943,792)                (204)                   0.0% EMS Levy 1,161,114             1,161,114             868,873                  868,873                  1,007,976             1,007,976             885,781                  (122,195)         ‐12.1% Business  License Fees 431,782                  431,782                  442,451                  442,451                  469,817                  469,817                  444,680                  (25,137)            ‐5.4% Other  Licenses and Permits 262,629                  262,629                  232,534                  232,534                  213,305                  213,305                  242,668                  29,363             13.8% Building Permits & Development Svc Fees 2,437,270             2,437,270             2,772,779             2,772,779             2,466,063             2,466,063             3,401,537             935,474          37.9% Intergovt'l (Grants, State  Shared, etc) 4,426,676             4,426,676             4,737,323             4,737,323             4,590,195             4,590,195             4,593,185             2,990                0.1% Fire District 25 and 40 Contracts 5,252,877             5,252,877             6,110,668             6,110,668             6,008,694             6,008,694             6,155,621             146,927          2.4% Public Safety 482,343                  482,343                  484,985                  484,985                  430,635                  430,635                  485,899                  55,264             12.8% Culture and Recreation 1,424,932             1,424,932             1,493,540             1,493,540             1,660,863             1,660,863             1,494,165             (166,698)         ‐10.0% Interfund/Interdept‐Services 3,190,908             3,190,908             3,070,506             3,070,506             3,617,185             3,617,185             3,311,715             (305,470)         ‐8.4% Fi nes  and Forfeits 1,291,817             1,291,817             1,163,602             1,163,602             1,088,750             1,088,750             1,046,246             (42,504)            ‐3.9% Photo Enforcement 1,925,159             1,925,159             1,897,782             1,897,782             1,944,713             1,944,713             1,976,203             31,490             1.6% Seizure Funds ‐ Federal/State/Local 221,046                  221,046                  83,220                     83,220                     180,693                  180,693                  37,941                     (142,752)         ‐79.0% Interests and Other Earnings 183,511                  183,511                  107,183                  107,183                  125,400                  125,400                  342,424                  217,024          173.1% Rents, Leases, and Concessions 727,338                  727,338                  744,834                  744,834                  701,464                  701,464                  822,428                  120,964          17.2% Contributions  and Donations 133,756                  133,756                  196,586                  196,586                  84,060                     84,060                     124,082                  40,022             47.6% Other  Miscellaneous 434,286                  434,286                  529,147                  529,147                  427,358                  427,358                  564,571                  137,213          32.1% Other  Financing Sources  (Transfer‐In, etc) 653,595                  653,595                  1,073,507             1,073,507             2,773,886             2,773,886             2,803,188             29,302             1.1% Total  Operating Revenues 96,754,435          96,754,435          100,476,431       100,476,431       103,917,730       103,917,730       106,142,170       2,224,440      2.1% OPERATING EXPENDITURES Legislative 259,345                  259,345                  271,236                  271,236                  284,087                  284,087                  278,768                  5,319                1.9% Executive 1,578,526             1,578,526             1,566,906             1,566,906             1,468,694             1,468,694             1,377,109             91,585             6.2% Hearing Examiner 174,447                  174,447                  59,878                     59,878                     71,025                     71,025                     60,368                     10,657             15.0% City Attorney 1,565,597             1,565,597             1,596,609             1,596,609             1,733,686             1,733,686             1,706,320             27,366             1.6% Court Services 2,007,599             2,007,599             2,084,170             2,084,170             2,155,819             2,155,819             2,074,980             80,839             3.7% Community and Eco Dvlpmnt Admin 579,396                  579,396                  929,814                  929,814                  952,912                  952,912                  942,071                  10,841             1.1% Development Services 2,946,413             2,946,413             2,810,736             2,810,736             3,434,929             3,434,929             3,103,568             331,361          9.6% Economic Development 1,293,536             1,293,536             659,981                  659,981                  676,136                  676,136                  529,043                  147,093          21.8% Planning 1,774,508             1,774,508             1,447,781             1,447,781             1,516,719             1,516,719             1,482,233             34,486             2.3% Finance 2,214,458             2,214,458             2,134,667             2,134,667             2,161,836             2,161,836             2,221,882             (60,046)            ‐2.8% City Clerk 789,209                  789,209                  736,880                  736,880                  1,002,105             1,002,105             937,067                  65,039             6.5% Human Resources 861,221                  861,221                  888,252                  888,252                  946,956                  946,956                  937,412                  9,544                1.0% Police 23,946,386          23,946,386          24,737,346          24,737,346          25,253,049          25,253,049          25,004,580          248,470          1.0% Jail Services 3,539,035             3,539,035             6,206,735             6,206,735             4,315,888             4,315,888             3,489,616             826,272          19.1% Fire 21,554,792          21,554,792          22,511,597          22,511,597          24,259,367          24,259,367          24,173,315          86,052             0.4% Community Services Admin 1 1,063,011             1,063,011             416,284                  416,284                  421,043                  421,043                  434,558                  (13,515)             ‐3.2% Parks 3,421,424             3,421,424             3,829,676             3,829,676             4,045,762             4,045,762             4,004,054             41,708             1.0% Parks  Planning & Natural  Resources 448,574                  448,574                  551,423                  551,423                  685,122                  685,122                  577,934                  107,188          15.6% Recreation 4,433,420             4,433,420             4,974,002             4,974,002             5,276,859             5,276,859             4,982,229             294,630          5.6% Human Services 1,326,778             1,326,778             1,247,294             1,247,294             1,298,201             1,298,201             1,193,871             104,330          8.0% Neighborhoods, Resources, & Events 359,690                  359,690                  675,534                  675,534                  775,917                  775,917                  701,673                  74,243             9.6% Library 2,289,692             2,289,692             2,030,000             2,030,000             278,603                  278,603                  278,604                  (1)                         0.0% Museum 191,090                  191,090                  210,620                  210,620                  213,533                  213,533                  216,887                  (3,354)                ‐1.6% Public Works  Admin 1 514,858                  514,858                  452,538                  452,538                  465,889                  465,889                  470,051                  (4,161)                ‐0.9% Street Maintenance 3,412,892             3,412,892             3,534,025             3,534,025             3,728,945             3,728,945             3,755,640             (26,695)             ‐0.7% Transportation 5,215,309             5,215,309             4,509,066             4,509,066             4,763,972             4,763,972             4,615,160             148,812          3.1% Debt Service 4,707,100             4,707,100             4,822,566             4,822,566             7,556,084             7,556,084             7,437,337             118,747          1.6% Non‐Departmental  and Other 4,834,296             4,834,296             4,930,383             4,930,383             4,660,315             4,660,315             4,637,555             22,760             0.5% Total  Operating Expenditures 97,302,601          97,302,601          100,825,999       100,825,999       104,403,452       104,403,452       101,623,882       2,779,570      2.7% Total  Ending Fund Balance 11,407,119$       11,407,119$       11,057,551$       11,057,551$       10,571,829$       10,571,829$       15,575,840$       5,004,011$   47.3% 1Facilities was  included in Community Services  Admin  and Technical Services  was  included in Public Works  Admin in 2010 Favourable  (Unfavourable) 2010 2011 2012 Variance Annual Actual YTD Actual Annual Budget YTD Budget YTD ActualSummary of Sources and Uses Annual Actual YTD Actual Monthly Financial Report December 2012 Page 1 of 37 Monthly Financial Report December 2012        OVERVIEW  This financial overview reflects the City’s overall financial position for the fiscal year through December 31, 2012.  Except as  noted, year‐to‐date budgeted revenues and operating expenditures are generally based on the collection/disbursement  patterns for the same period of the preceding year.  The table on the previous page summarizes the general governmental  fund revenues and expenditures.    Revenues    Taxes   The combined collection of property, sales/use, utility, gambling, admissions, and real estate excise taxes represents 72% of  all resources supporting general governmental activities.   The following section provides detail information on property,  sales, utility, and other taxes.    Property Tax  December’s collection is $365k, making  the total year‐to‐date collection $33.5  million or 102% of the total budget.  In  comparison to the previous year, the City  collected $1.1 million or 3% more.   Compared to the budget, the City is  above projections by $570k or 2%.   2012’s monthly budgets are based on  2009 through 2011 collections.  The  October/November variance from the  prior year and budget is due the timing  of collections.  An estimated $2.8 million  of November 2012’s collection was  receipted in October 2012.  If these two months are combined, the City is on track with the monthly budgets.          Sales Tax  December 2012 sales tax receipts totalled  $1.6 million.  Compared with the same  month last year, it is $201k or 14% more.   Compared to the projected current  month’s budget, it is $157k or 11% above.   The year‐to‐date collection of $18.6  million is $835k or 5% more than the prior  year and is also $701k or 4% more than  budgeted.      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        9,734,384       2,719,524     39% 2,827,217    41% Nov 7,348,025        7,974,601        5,123,725       (2,224,301)    ‐30% (2,850,877)    ‐36% Dec 279,117            171,812            365,200            86,083            31% 193,388         113% YTD  Total 32,357,894$  32,896,746$  33,466,364$ 1,108,470$  3% 569,618$      2% Annual Total 32,357,894$  32,896,746$   Property Tax Revenues Year to Date through December 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        1,660,941        143,496      9% 131,734     9% Nov 1,508,954        1,522,978        1,709,049        200,095      13% 186,071     12% Dec 1,423,832        1,467,796        1,625,280        201,448      14% 157,484     11% YTD  Total 17,729,731$  17,864,000$  18,564,670$  834,939$   5% 700,670$  4% Annual Total 17,729,731$  17,864,000$   2012 vs. Budget2012 vs. 2011 Month Year to Date through December Local Retail Sales  Tax  Revenues Page 2 of 37 Monthly Financial Report December 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 1,576,127$     1,654,934$     1,844,545$     268,417$       17%$        189,611 11% Auto Sales 3,179,418        3,497,360        3,361,196        181,778          6%         (136,164)‐4% General Retail 6,070,498        6,292,222        6,482,942        412,444          7%           190,720 3% Manufacturing 1,073,075        724,326            1,043,859        (29,216)            ‐3%           319,533 44% Wholesale 1,148,656        1,183,120        1,169,431        20,775             2%            (13,688)‐1% Service 3,960,151        4,078,955        4,221,446        261,295          7%           142,491 3% Other 721,805            433,083            441,252            (280,554)         ‐39%                 8,168 2% Total 17,729,731$  17,864,000$  18,564,670$  834,939$       5%700,670$        4% Note: Excludes  Annexation  Credit and Criminal Justice Sales  Tax  revenue.      Utility tax   December utility tax revenues are $1.5  million, which is $167k or 12% higher  than the same month last year and is  also ahead of the budget by $113k or 8%.   The year‐to‐date collection is $16 million,  which is $470k or 3% higher than the  prior year but is $201k or 1% lower than  the budget.                    The table below breaks out Utility Tax by source.  The Natural Gas variance is due to warmer weather year‐to‐date than the  prior year.    Utility Tax  by Type 2011 2012 Bgt YTD Act Change  2012/2011  2012 Act vs  Bgt  Electrical 5,166,711$     5,283,280$     5,211,111$     44,400$          1%$         (72,169)‐1% Natural Gas 2,098,213        2,220,394        1,942,497        (155,716)        ‐7%         (277,897)‐13% Cell 2,054,183        2,309,360        2,183,853        129,670          6%         (125,507)‐5% Phone 966,827            1,000,000        1,056,420        89,593             9%              56,420 6% Cable 1,385,275        1,427,679        1,423,664        38,389             3%               (4,015) 0% Transfer Station 297,474            248,762            330,607            33,132             11%              81,845 33% City Utilities 3,516,179        3,665,728        3,806,281        290,102          8%           140,553 4% YTD Total 15,484,862$  16,155,203$  15,954,432$  469,571$       3%(200,771)$       ‐1% Annual Total 15,484,862$  16,155,203$   YTD as % of 100% 100%      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         1,126,772        (75,786)         ‐6% (126,300)     ‐10% Nov 1,232,640        1,281,314         1,196,932        (35,708)         ‐3% (84,382)        ‐7% Dec 1,360,887        1,415,147         1,527,740        166,854      12% 112,593      8% YTD  Total 15,484,862$  16,155,203$   15,954,432$  469,571$   3% (200,771)$  ‐1% Annual Total 15,484,862$  16,155,203$    2012 vs. Budget2012 vs. 2011 Year to Date through December Utility Tax  Revenues Month Page 3 of 37 Monthly Financial Report December 2012      Other Taxes     Real Estate Excise Tax  The City collected $251k in Real Estate  Excise Tax revenues (REET) for December.   This is $86k or 52% ahead of the same  month last year but is $4k or 2% below the  current month’s budget.  The year‐to‐date  collection is $2.8 million, which is $738k or  36% more than the prior year and is also  $44k or 2% above the budget.                  Gambling Tax  December’s Gambling Tax collections  total $153k.  Year‐to‐date total of  $1.7 million is $20k or 1% above the  year before and is also $91k or 6%  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.      Pull tabs overall had a 3% decrease, bingo increased by 24%, 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 $1.3 million or 95% of the budget.   This is $28k or 2% higher than 2011  but is $61k or 5% below the  projected year‐to‐date budget.   2011 2012 2012 Actual Budget Actual $ % $ % Jan 161,911$      211,959$      77,631$         (84,280)$      ‐52% (134,328)$   ‐63% Feb 99,677            132,347         214,137         114,460      115% 81,790         62% Mar 141,700         186,507         203,583         61,883         44% 17,076         9% Apr 110,987         146,082         194,868         83,881         76% 48,786         33% May 157,519         207,329         253,446         95,927         61% 46,117         22% Jun 228,506         300,763         347,179         118,673      52% 46,416         15% Jul 117,567         154,743         177,839         60,273         51% 23,096         15% Aug 159,524         209,967         222,933         63,409         40% 12,966         6% Sep 205,753         270,814         173,212         (32,541)         ‐16% (97,602)         ‐36% Oct 189,691         249,674         326,027         136,336      72% 76,353         31% Nov 335,893         442,107         370,123         34,230         10% (71,984)         ‐16% Dec 165,331         255,227         250,922         85,591         52% (4,305)            ‐2% YTD  Total 2,074,059$  2,767,521$  2,811,902$  737,843$   36% 44,381$      2% Annual Total 2,074,059$  2,767,521$   Month 2012 vs. Budget2012 vs. 2011 Real Estate  Excise  Tax  Revenues Year to Date through December 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            87,494            (5,443)           ‐6% (1,472)           ‐2% Nov 139,018         133,078         177,352         38,334         28% 44,274         33% Dec 170,897         163,595         153,019         (17,877)        ‐10% (10,576)        ‐6% YTD  Total 1,671,414$  1,600,000$  1,691,209$  19,796$      1% 91,209$      6% Annual Total 1,671,414$  1,600,000$   2012 vs. 2011 2012 vs. Budget Gambling Tax Revenue Month Year  to Date through December 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         309,001         16,309         6% (4,687)            ‐1% Dec 47,111            50,491            48,195            1,084            2% (2,296)            ‐5% YTD  Total 1,234,448$  1,323,000$  1,262,188$  27,740$      2% (60,812)$      ‐5% Annual Total 1,234,448$  1,323,000$   Franchise  Fees  Revenue Year to Date through December Month 2012 vs. 2011 2012 vs. Budget Page 4 of 37 Monthly Financial Report December 2012      Admission Tax   Admission Tax returns are due quarterly in  January, April, July, and October each year.   October 2012 collections represent  activities conducted during the 3rd quarter  of 2012.      The report shows an increase of $4k or 1%  from the year before but is $37k or 11%  less than anticipated.          Licenses and Permits    Building Permits and Development Service Fees  Building Permits and Development Service  Fee revenues totalled $410k in December.   The year‐to‐date development fees  revenue of $3.4 million is $629k or 23%  more than 2011 and is also $935k or 38%  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.                    Business Licenses  Business Licenses totalled $3k for December,  which is right on track with the same month last  year and the current month’s budget.  The year‐ to‐date Business Licenses revenue of $445k is 2k  or 1% more than the prior year but is $25k 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.        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            74,001            (12,111)        ‐14% (23,790)        ‐24% Dec ‐                     ‐                     1,244               1,244            100% 1,244            100% YTD  Total 308,200$      350,000$      311,054$      4,455$         1% (37,128)$     ‐11% Annual Total 308,200$      350,000$       Month 2012 vs. 2011 2012 vs. Budget Admission Tax  Revenue Year to Date through December 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         407,388         193,458      90% 218,008      115% Nov 229,322         196,766         276,289         46,967         20% 79,522         40% Dec 216,409         194,437         410,407         193,998      90% 215,970      111% YTD  Total 2,772,779$  2,466,063$  3,401,537$  628,758$   23% 935,474$   38% Annual Total 2,772,779$  2,466,063$   Building Permits and Development Service Fees Year to Date through December 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     99,644        3,770         4% (2,160)         ‐2% Nov 18,291        19,423        12,484        (5,808)         ‐32% (6,939)         ‐36% Dec 2,686           2,852           3,372           686              26% 520              18% YTD  Total 442,451$  469,817$  444,680$  2,229$      1% (25,137)$  ‐5% Annual Total 442,451$  469,817$   Business Licenses Month 2012 vs. 2011 Year to Date through December 2012 vs. Budget Page 5 of 37 Monthly Financial Report December 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 87%  of the total revenues in this  category.   The year‐to‐date total Intergovernmental revenue is $12.7 million or 102% of the budget.    State Shared Revenues  State Shared Revenue collections  totalled $4.8 million since the start  of 2012.  Compared to the prior  year, State Shared Revenues are  above by $330k or 7%.  Compared  to the projected budget, the City is  collecting $387k or 9% more.  The  higher than expected collections  are due to the low budget of  Criminal Justice’s High Crime and  for Liquor Profits (due to auction  proceeds).  The auction proceeds  will only be receipted in 2012.  The reason for the decline in Liquor Excise Tax is also due to the passage of Initiative 1183.   Starting October 2012, the State will divert all Liquor Excise Taxes that would normally be distributed to local governments  to their State General Fund for one year.  The City will not receive these excise taxes in January 2013, April 2013 and July  2013.  On the October 2013 distribution and on, local governments will start receiving their portions of the excise taxes less  a $10 million (per year) transfer from the State Liquor Excise Tax Fund to the State General Fund.      Charges for Services   These revenue sources consist of general government, public safety, plan review and inspection, culture and recreation,  and interfund/interdepartmental sales and services.  Recreation and interfund/interdepartmental sales and services  constitute 72% of the total revenue in this category.  The year‐to‐date total charges for services are $6.7 million or 100% of  the budget.  This is 16k above budget projections.  The following sections provide detail information for Public Safety,  Recreation, and Interfund Services.    Public Safety Services  Public Safety Services totalled $486k since  the start of the year.  These services include  private security, adult probation services,  and monitoring of prisoners.  Compared to  the prior year, the City is right on track.   Compared to the budget, the City has  collected $55k or 13% more than the  anticipated revenue.         Intergovernmental 2011 2012 Bgt YTD  Act Change 2012/2011 2012 Act  vs  Bgt  Fire  District #25 1,400,820$     1,353,114$     1,397,433$     (3,387)$           0% $           44,319 3% Fire  District #40 4,709,848        4,655,580        4,758,188        48,340             1% 102,608          2% State Shared Revenue 4,495,551        4,437,913        4,825,202        329,650          7% 387,289          9% Federal Grants 1,040,557        1,483,534        981,308            (59,249)            ‐6% (502,226)          ‐34% State Grants 150,400            102,549            160,964            10,564             7% 58,415             57% Other Grants/Intgovt 186,110            163,344            156,189            (29,921)            ‐16% (7,155)                ‐4% ARRA Grants 674,463            270,000            393,992            (280,471)        ‐42% 123,992          46% Total Rev YTD 12,657,748$  12,466,034$  12,673,276$  15,528$          0%207,242$        2% Total  Rev Annual 12,657,748$  12,466,034$   YTD  %100% 100% 102% 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             37,300            2,543           7% 6,438            21% Nov 42,944            38,131             33,025            (9,919)           ‐23% (5,107)            ‐13% Dec 46,148            40,976             61,608            15,461        34% 20,632         50% YTD  Total 484,985$      430,635$       485,899$      914$             0% 55,264$      13% Annual Total 484,985$      430,635$        Month 2012 vs. 2011 Year  to Date through December Public Safety Services 2012 vs. Budget 2011 2012 2012 Actual Budget Actual $ % $ % Crim Just Sales  Tax 1,809,757$     1,867,145$  1,924,470$   114,713$  6% 57,325$      3% Judicial Contribution 22,468                12,000            22,632              164               1% 10,632         89% Crim Just ‐ High Crime 188,543             96,000            196,270           7,727           4% 100,270      104% Crim Just ‐ Pop 19,922                ‐                     20,976              1,055           5% 20,976         100% Crim Just ‐ Spec Prog 75,211                68,096            78,864              3,653           5% 10,768         16% State DUI 18,973                15,111            17,397              (1,576)         ‐8% 2,286            15% Liquor Profits 633,856             650,000         928,773           294,917     47% 278,773      43% Liquor Excise  Tax 440,422             450,000         342,495           (97,928)      ‐22% (107,505)     ‐24% Fuel Tax 1,286,399        1,279,561     1,293,325      6,926           1% 13,764         1% YTD  Total 4,495,551$     4,437,913$  4,825,202$   329,650$  7% 387,289$   9% Annual  Total 4,495,551$     4,437,913$   2012 vs. Budget State  Shared Revenues 2012 vs. 2011 Revenue Year to Date through December Page 6 of 37 Monthly Financial Report December 2012      Recreation  Recreation revenues totalled $60k for the  current month.  Compared to the same  month the prior year, the City collected $12k  or 24% more.  Compared to the projected  monthly budget, the City collected $6k or  11% more.  The year‐to‐date collection of  $1.5 million is right on track with the prior  year but is $167k or 10% less than the  budget.  The primary reason that recreation  fees are lower is due to the new cost  recovery policy approved by council this year  which reduces or eliminates those programs  that do not meet recovery objectives.  This  revenue reduction translates into a savings  of $295k in the Recreation Division of the Community Services Department.      Interfund Services  The year‐to‐date collections for Interfund  Services revenues are $3.3 million.   Compared to the prior year, the revenues  are over by $241k or 8%.  Compared to the  projected budget, the revenues are below by  $305k 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 reason for the budget  shortfall is due to over projecting the interfund services budget for capital project inspections ($149k) and transportation  design ($170k).      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 $3  million.  This is $85k or 3% lower than a  year ago and is also $187k or 6% under the  budget.  The budget shortfall is due lower  activities for civil infraction penalties  ($158k) and seizure funds ($143k).    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            85,973            2,433            3% (6,926)            ‐7% Nov 77,528            86,214            65,863            (11,665)         ‐15% (20,351)         ‐24% Dec 48,890            54,368            60,467            11,577         24% 6,100            11% YTD  Total 1,493,540$  1,660,863$  1,494,165$  625$              0% (166,698)$   ‐10% Annual Total 1,493,540$  1,660,863$   Recreation Year to Date through December 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         338,304         67,964         25% 19,832         6% Nov 266,859         314,371         276,902         10,043         4% (37,469)         ‐12% Dec 308,654         363,607         296,085         (12,569)         ‐4% (67,522)         ‐19% YTD  Total 3,070,506$  3,617,185$  3,311,715$  241,210$   8% (305,470)$  ‐8% Annual Total 3,070,506$  3,617,185$   Interfund Services Year to Date through December 2012 vs. 2011 2012 vs. Budget Month 2011 2012 2012 Actual Budget Actual $ % $ % Jan 165,721$      169,834$      183,478$      17,757$      11% 13,644$      8% Feb 261,655         262,221         238,928         (22,727)        ‐9% (23,293)        ‐9% Mar 313,067         314,171         241,678         (71,389)         ‐23% (72,493)         ‐23% Apr 289,767         288,252         276,301         (13,466)        ‐5% (11,952)        ‐4% May 255,949         255,826         303,583         47,634         19% 47,757         19% Jun 262,444         261,662         314,041         51,597         20% 52,379         20% Jul 247,468         249,471         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         276,374         (24,057)         ‐8% (109,507)      ‐28% Nov 297,580         299,240         245,273         (52,308)         ‐18% (53,968)         ‐18% Dec 352,911         352,016         335,043         (17,868)        ‐5% (16,973)        ‐5% YTD  Total 3,112,464$  3,214,156$  3,027,627$  (84,838)$     ‐3% (186,529)$  ‐6% Annual Total 3,112,464$  3,214,156$   2012 vs. Budget2012 vs. 2011 Year to Date through December Fines  and Penalties by Month Month Page 7 of 37 Monthly Financial Report December 2012      Year to Date through December 2011 2012 2012 Actual Budget Actual $ % $ % Civil Penalties 11,077$         15,500$         9,299$            (1,779)$         ‐16% (6,201)$         ‐40% Civil Infraction Penalties 726,599         779,500         621,443         (105,156)      ‐14% (158,057)      ‐20% Civil Parking Infraction Penalties 137,538         150,000         135,157         (2,380)            ‐2% (14,843)         ‐10% Photo Enforcement  Program 1,897,782     1,944,713     1,976,203     78,421         4% 31,490         2% Criminal Traffic  Misdemeanor Fines 99,417            90,000            88,457            (10,960)         ‐11% (1,543)            ‐2% Criminal Non‐Traffic Fines 31,126            40,000            28,462            (2,663)            ‐9% (11,538)         ‐29% Criminal Costs 124,481         11,750            129,907         5,426            4% 118,157      1006% Seizure  Funds  ‐ Federal/State/Local 83,220            180,693         37,941            (45,279)         ‐54% (142,752)     ‐79% Non‐Court Fines, Forfeitures and Penalties 1,225               2,000               758                    (468)                ‐38% (1,243)            ‐62% YTD  Total 3,112,464$  3,214,156$  3,027,627$  (84,838)$     ‐3% (186,529)$  ‐6% Annual Total 3,112,464$  3,214,156$   Revenue 2012 vs. Budget Fines  and Penalties by Type 2012 vs. 2011       Included in the Fines and Penalties revenue budget is  $1.9 million from the Photo Enforcement program.   The budget was based on the prior year’s revenue.   The year‐to‐date collections from this program  equates to $2 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 71% of the total  revenue in this category.  The year‐to‐date  total miscellaneous is $1.6 million.   Compared to last year, the revenues are  over by $280k or 21%.  Compared to the  projected year‐to‐date budget, the  revenues are over by $529k or 48%.  The  table on the next page breaks out  miscellaneous revenues by type:    Favorable Budget Actual Budget Actual (Unfavorable) 1 Jan 169,793$      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         194,376         71,420           59,816         134,559            Nov 211,430         155,978         71,884           60,430         95,548               Dec 185,536         180,678         72,273           60,505         120,173            YTD  Total 1,944,713$  1,976,203$  841,964$     767,248$   1,208,955$    Annual Total 1,944,713$  841,964$      1 Actuals  of Revenues  and Expenses Revenues Expenses Photo Enforcement  Program Year to Date through December Month 2011 2012 2012 Actual Budget Actual $ % $ % Jan 143,105$      128,500$      206,151$      63,046$      44% 77,651$      60% Feb 70,237            47,297            83,823            13,585         19% 36,526         77% Mar 99,131            78,126            104,421         5,289            5% 26,294         34% Apr 74,048            58,118            98,164            24,115         33% 40,046         69% May 97,083            85,476            145,213         48,130         50% 59,738         70% Jun 145,018         114,063         93,832            (51,185)        ‐35% (20,231)         ‐18% Jul 173,878         119,673         112,316         (61,562)        ‐35% (7,358)            ‐6% Aug 133,570         100,068         143,389         9,819            7% 43,321         43% Sep 97,973            76,324            89,588            (8,385)          ‐9% 13,263         17% Oct 75,425            61,850            91,608            16,183         21% 29,758         48% Nov 77,427            67,670            64,705            (12,722)       ‐16% (2,966)            ‐4% Dec 163,299         164,593         397,713         234,414      144% 233,120      142% YTD Total 1,350,195$  1,101,759$  1,630,922$  280,727$   21% 529,164$   48% Annual  Total 1,350,195$  1,101,759$   Year to Date through December Month 2012 vs. Budget2012 vs. 2011 Miscellaneous Revenues by Month Page 8 of 37 Monthly Financial Report December 2012      2011 2012 2012 Actual Budget Actual $ % $ % Interests  and Other Earnings 107,183$      125,400$      342,424$      235,241$   219% 217,024$   173% Rents, Leases, and Concessions 744,834         701,464         822,428         77,594         10% 120,964      17% Contributions/Donations from  Private Sources 196,586         84,060            124,082         (72,504)        ‐37% 40,022         48% Other 301,592         190,835         341,988         40,396         13% 151,153      79% YTD  Total 1,350,195$  1,101,759$  1,630,922$  280,727$   21% 529,164$   48% Annual Total 1,350,195$  1,101,759$   2012 vs. Budget Miscellaneous Re venues by Type Year to Date through December Revenue 2012 vs. 2011     Interest and other earnings are higher than the prior year and budget due to a change in recording the year‐end bank  earnings credit ($239k).  Previously, the City netted the credits against the year‐end bank fees (2012 was $310k) and just  recorded the net expense as bank fees.  This year, we recorded the full credit as revenues and the full bank fees as an  expense.  This impacts the Finance Division of the Administrative Services Department’s budget and the main reason for the  over budget of $60k.    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 favourable 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 97% of its budgeted general governmental expenditures at the end of December.  This is $2.8  million or 2.7% below year‐to‐date budgeted expenditures.  The City did not have any general governmental departments  over budget but did we did see some division within those departments over budget.  Please refer to the General  Governmental Funds Summary of Sources and Uses table on page 1 for details.    While the majority of the $2.8 million is savings, approximately $713k (amount will change based on review) will have to be  carried forward into 2013 for obligations/services not yet received or been billed:   $30k for outside legal fees – City Attorney   $469k for seizure funds ‐ Police   $125k for EMPG grant ‐ Fire   $89k for KCD knotweed control grant – Parks Planning   Page 9 of 37 Monthly Financial Report December 2012      CASH AND INVESTMENTS – 4TH 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 $99.8  million, of this amount; $1.2  million is an interfund loan  investment (Res 4070) from the  insurance fund (502) to the golf  course fund (404).  Previously, the  interfund loan was from the  general fund (000), but was  moved to the insurance fund  during the 2012 3rd Quarter  Budget Amendment (Ord 5671)  for the purpose of calling 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 .58%.  The majority (.32%) is within the cash at US Bank.    US Bank ‐Cash 64% State Investment Pool 10% US Federal Agency Securities* 5% Golf Course Interfund Loan 1% Columbia Bank 5%Fortune Bank (incl. CDARS) 3% Umpqua Bank 5% Commencement Bank (incl.  CDARS) 7% Distribution by Institution (Percent of Cash & Investment Portfolio)      Deposit Total Maturity Date APY Weighted  Yield Current  Allocation of  Cash and  Allowed  by Policy Current Principal  Balance Cash US Bank ‐ Cash 64,315,204 overnight 0.45% 0.32%64%N/A 64,315,204                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 9,912,292 1/1/2013 0.19% 0.02% 10% 75% 9,912,292                  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 First Savings Bank Northwest ‐ N/A N/A N/A ‐ N/A N/A N/A 112147a Columbia Bank 2,768,975 1/11/2014 0.69% 0.02% 111167a Columbia Bank 2,015,400 11/9/2016 0.99% 0.02% 212145a Fortune Bank (CDARS) 1,516,108 6/14/2014 0.70% 0.01% 212145b CDARS 1,000,685 12/18/2014 0.65% 0.01% 112145a Fortune Bank 252,980 12/23/2014 0.85% 0.00% 112146a Umpqua Bank 5,209,717 5/18/2014 0.85% 0.04% 211133a 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 99,799,194$      0.58% 100.00%99,799,194$               Institution *Held in our safekeeping account at BNY Trust and Custody Golf Interfund Loan 1% N/A 20%0% 20%5% ‐                                 4,784,375                  2,769,772                  5,209,717                  5% 100%4,997,500                  1,180,000                  7% 20%6,630,333                  20%3% 20%5% Page 10 of 37 Monthly Financial Report December 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 ‐                 ‐             ‐                 ‐               44,385         37,025        ‐               Grants  / intergovernmental 452,263          5,278         141,300          73,417         2,527           755,887      ‐               Charges  for services 121,916          1,774,353  14,998,294     14,786,421  8,469,102    7,860,977   13,602,024  Interdepartmental services ‐                 ‐             5,624              368,129       202,131       579,476      ‐               Fines  and penalties ‐                 ‐             ‐                 ‐               ‐               ‐              ‐               Rents, leases, and misc fees 2,311,951       354,606     74,093            135,582       ‐               ‐              ‐               Interest and other misc 8,610              4,678         15,272            5,394,122    2,810,081    3,374,934   4,664           TOTAL REVENUES 2,894,740       2,138,915  15,234,583     20,757,671  11,528,226  12,608,299 13,606,688  EXPENSES: Utility billing ‐                 ‐             109,432          97,005         78,570         119,084      ‐               Utility systems ‐                 ‐             15,040,667     3,041,048    2,583,543    2,244,678   ‐               Utility maintenance ‐                 ‐             295,338          4,875,297    1,267,306    1,814,137   12,938,606  Transportation 1,333,039       ‐             ‐                 ‐               ‐               ‐              ‐               Golf ‐                 1,773,993  ‐                 ‐               ‐               ‐              ‐               TOTAL EXPENSES 1,333,039       1,773,993  15,445,437     8,013,350    3,929,419    4,177,899   12,938,606  AMOUNT AVAILABLE FOR DEBT SERVICE 1,561,701       364,922     (210,854)        12,744,321  7,598,807    8,430,400   668,082       DEBT SERVICE: Principal 94,888            366,575     ‐                 6,852,095    3,075,144    3,356,392   ‐               Interest 10,316            34,085       ‐                 863,546       427,259       389,677      ‐               TOTAL DEBT SERVICE 105,204          400,660     ‐                 7,715,641    3,502,403    3,746,069   ‐               CAPITAL PROJECTS 1,090,834       38,517       ‐                 2,823,127    2,098,432    2,767,708   ‐               TRANSFERS IN/(OUT)(107,449)        (1,418)        ‐                 (1,750)          (10,594)        (112,750)     ‐               CHANGE IN FUND BALANCE 258,214          (75,673)      (210,854)        2,203,803    1,987,378    1,803,873   668,082       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, Dec 31 2,342,924       539,815     1,523,880       9,846,309    3,196,734    6,014,472   1,745,887        Page 11 of 37 Monthly Financial Report December 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 ‐                 104,340        ‐             ‐                     ‐             ‐              ‐             Grants  / intergovernmental 747                 66,501         1,915         ‐                     ‐             ‐              43,637        Charges  for services Equipment rental  m&o 2,638,082       2,116,586    ‐             ‐                     ‐             ‐              ‐             Telecommunications ‐                 186,417       ‐             ‐                     ‐             ‐              ‐             Print and mail ‐                 106,695       ‐             397,163             ‐             ‐              ‐             Communications ‐                 3,500           ‐             610,116             ‐             ‐              ‐             Facilities ‐                 ‐              4,173,513  ‐                     ‐             ‐              ‐             Data  cards  and cell  phones ‐                 150,146       ‐             ‐                     ‐             ‐              ‐             IT service contracts ‐                 316,122       ‐             ‐                     ‐             ‐              ‐             Geographical information systems ‐                 196,832       ‐             ‐                     ‐             ‐              ‐             Interest and other misc 14,934            7,099           2,094         710                    22,098        25,805        20,441        Internal service fund misc: Vehicle  / equipment capital  recovery 959,512          942,799       ‐             ‐                     ‐             ‐              ‐             Insurance premiums ‐                 ‐              ‐             ‐                     1,550,368   ‐              ‐             Worker's  comp/unemployment ‐                 ‐              ‐             ‐                     1,392,279   ‐              ‐             Benefit premiums ‐                 ‐              ‐             ‐                     ‐             10,947,934 2,207,683   Other misc 916                 211              10,185       146                    204             690,706      1                 Capital  contributions ‐                 ‐              ‐             ‐                     ‐             ‐              ‐             Disposal  of capital  assets 1,000              ‐              ‐             ‐                     ‐             ‐              ‐             Insurance recoveries ‐                 ‐              ‐             ‐                     65,543        9,639          139             TOTAL REVENUES 3,615,191       4,197,248    4,187,707  1,008,135          3,030,492   11,674,084 2,271,901   EXPENSES: Communications 466,159              Equipment rental 2,522,589        Facilities 3,489,222   Healthcare 10,909,009  Information technology 3,353,164     Print and mail 379,619              Retiree  healthcare 1,269,135   Risk management Risk management 1,411,148    Unemployment 111,746       Worker's  compensation 1,221,161    TOTAL EXPENSES 2,522,589       3,353,164    3,489,222  845,778             2,744,055   10,909,009 1,269,135   AMOUNT AVAILABLE FOR CAPITAL 1,092,602       844,084       698,484     162,357             286,437      765,075      1,002,766   DEBT SERVICE: Interfund loan to  Golf Course  Fund 404 ‐                 ‐              ‐             ‐                     1,716,067   ‐              ‐             TOTAL DEBT SERVICE ‐                 ‐              ‐             ‐                     1,716,067   ‐              ‐             CAPITAL PROJECTS 2,306,678       1,242,446    199,816     ‐                     ‐             ‐              ‐             TRANSFERS IN 228,043          73,590         50,565       ‐                     ‐             ‐              ‐             TRANSFERS (OUT)(65,843)          ‐              ‐             ‐                     (204,000)    ‐              ‐             CHANGE IN FUND BALANCE (1,051,876)     (324,772)     549,233     162,357             (1,633,630) 765,075      1,002,766   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, Dec 31 3,722,500       1,856,971    849,471     303,477             4,986,807   7,899,071   6,482,165      Page 12 of 37 Monthly Financial Report December 2012      FUND BALANCE  Page 14 shows the ending fund balance as of December 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 December, the City has $15.6 million reported in the combined general governmental fund balance of the  current year’s operating budget, which is approximately 15% of budgeted operating expenditures.  This is an increase of  $4.5 million from the year’s beginning balance.  December’s ending fund balance is over the anticipated General  Governmental Fund Balance of $10.6 million by $5 million or 47.3%.  The reason for the surplus of fund balance is due to  overall revenues being favourable by $2.2 million and overall expenditures being favourable by $2.8 million.        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 December 2012      City  of Renton All Funds ‐ Revenue, Expenditures and Fund Balances Cash  Basis through December 31, 2012 Funds Balance  01/01/2012 Budgeted  Revenue Revenue  12/31/12 Total Funds  Available Budgeted  Expenditure Expenditure   12/31/12 Ending   Balance GENERAL GOVERNMENT FUNDS:11,057,551       106,232,730   108,457,170   119,514,721        106,718,452        103,938,882        15,575,839     000 General 6,934,747         75,227,799     77,929,846     84,864,593          76,301,221          74,289,223          10,575,369     001 Community Services 1,413,050         11,302,259     11,106,592     12,519,642          11,126,074          10,627,675          1,891,966       003 Street 1,264,341         8,953,479       8,692,011       9,956,352            8,492,917            8,370,800            1,585,553       004 Community Dev Block Grant 8,339                331,389          302,527          310,866               331,391               324,011               (13,145)           005 Museum 52,620              216,220          216,637          269,257               213,533               216,887               52,369            006 Library 48,603              230,000          230,000          278,603               278,603               278,604               (1)                    009 Farmers  Market 87,437              75,500            75,856            163,293               78,629                 72,773                 90,520            010 Fire  Memorial 1,953                ‐                      (1,952)            1                          ‐                          ‐                           1                     011 Fire  Health & Wellness 36,858              25,000            25,195            62,053                 25,000                 6,571                   55,483            031 Pa rk  Memorial 177,758             ‐                      609                 178,367                ‐                           ‐                           178,367          201 Ltd  GO Bonds  Gen Govt Debt 591,257            1,982,075       1,987,187       2,578,444            1,982,075            1,748,660            829,784          215 Gen Govt Misc Debt Service 440,588            7,889,009       7,892,662       8,333,250            7,889,009            8,003,677            329,573          SPECIAL REVENUE FUNDS: 102 Arterial  Street 158,974            600,000          609,540          768,514               600,000               600,000               168,514          108 Leased  City Properties 488,500            844,049          623,812          1,112,312            749,232               584,635               527,677          110 Hotel  Motel 243,556            265,000          296,628          540,184               447,050               428,928               111,256          118 Reserve  for Paths  & Trails 3,314                ‐                      ‐                     3,314                   3,314                   3,315                   (1)                    125 1% For Art 121,686            21,813            8,274              129,960               50,000                 13,818                 116,142          127 Cable  Communication 185,968            85,000            91,490            277,458               235,674               20,086                 257,372          135 Springbrook Wetlands  Bank 663,556            ‐                      2,272              665,828               ‐                          ‐                           665,828          CAPITAL PROJECT  FUNDS (CIP): 303 Community Dev Mitigation 1,475,050         60,000            65,104            1,540,154            400,000               ‐                           1,540,154       304 Fire Mitigation 1,492,674         263,602          241,669          1,734,343            936,926               936,926               797,417          305 Transportation  Mitigation 657,187            30,000            85,440            742,627               450,000               450,000               292,627          316 Municipal  Facilities  CIP 3,745,546         3,325,011       1,383,979       5,129,525            6,725,806            1,655,008            3,474,517       317 Transportation  CIP 3,422,219         23,568,336     20,710,673     24,132,892          26,945,419          24,524,051          (391,159)         318 So Lake  WA Infrastructure  Proj 52,792              40,000            179                 52,971                 92,024                 898                      52,073            326 Housing Opportunity 130,546             ‐                      3,813              134,359               125,000               50,000                 84,359            336 New Library Development 19,196,447       568,588          604,608          19,801,055          19,221,447          657,711               19,143,344     ENTERPRISE FUNDS: 402 Airport 494,718            1,231,925       1,176,116       1,670,834            1,367,780            1,338,895            331,939          403 Solid Waste  Utility 1,734,734         15,021,811     15,234,583     16,969,317          15,486,501          15,445,436          1,523,881       404 Golf Course 379,997            2,483,545       2,138,052       2,518,049            2,492,204            2,226,071            291,978          422 Airport Capital 1,589,992         7,167,275       1,718,624       3,308,616            8,757,267            1,297,631            2,010,985       424 Golf Course  Capital 235,491            50,000            50,862            286,353               145,000               38,517                 247,836          INTERNAL SERVICE FUNDS: 501 Equipment Repair/Replacement 4,774,376         3,248,686       3,843,235       8,617,611            4,099,127            4,895,110            3,722,501       502 Insurance 6,620,437         3,187,593       3,030,493       9,650,930            4,850,146            4,664,123            4,986,807       503 Information Services 2,181,743         4,126,173       4,270,839       6,452,582            5,959,686            4,595,610            1,856,972       504 Facilities 300,238            4,377,629       4,238,272       4,538,510            4,394,294            3,689,038            849,472          505 Communications 141,120            974,307          1,008,135       1,149,255            991,015               845,778               303,477          512 Insurance, Healthcare 7,133,996         12,014,224     11,674,083     18,808,079          11,996,739          10,909,009          7,899,070       522 Insurance, Leoff1 Retirees HC 5,479,399         2,235,684       2,271,901       7,751,300            2,262,573            1,269,135            6,482,165       FIDUCIARY FUNDS: 611 Firemen's  Pension 4,377,696         300,000          404,706          4,782,402            550,475               226,399               4,556,003       Funds Balance  01/01/2012 Budgeted  Revenue Revenue  12/31/12 Total Funds  Available Budgeted  Expenditure Expenditure  12/31/12 Ending   Balance ENTERPRISE FUNDS: COMBINED  UTILITIES 14,140,266       57,748,512     58,500,884     72,641,150          66,838,018          51,837,747          20,803,403     405 Water Utility 3,993,415         11,106,460     17,186,356     21,179,771          16,459,445          15,730,742          5,449,029       406 Waste  Water Utility 685,178            7,888,555       8,120,366       8,805,544            7,423,611            7,441,915            1,363,629       407 Surface Water Utility 1,625,915         8,657,535       8,701,679       10,327,594          8,758,975            8,057,823            2,269,771       416 King  County Metro 1,077,805         13,209,387     13,606,688     14,684,493          13,209,387          12,938,606          1,745,887       425 Water Utility Construction 3,633,246         5,271,869       3,571,261       7,204,507            7,085,000            2,823,127            4,381,380       426 Waste  Water Construction 524,178            3,310,000       3,407,859       3,932,037            3,710,000            2,098,932            1,833,105       427 Surface Water Construction 2,584,684         8,304,706       3,906,621       6,491,305            10,191,600          2,746,602            3,744,703       471 Waterworks  Rate Stabilization 15,845              ‐                      54                   15,899                 ‐                          ‐                           15,899            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 84,628,784            79,209,986            5,418,798              16,476,349             November 97,472,642            86,791,207            10,681,435            21,738,986             December 106,142,170          101,623,882          4,518,288              15,575,839             3 000 000 4,000,000  5,000,000  6,000,000  7,000,000  8,000,000  9,000,000  10,000,000  11,000,000  12,000,000  70,000,000  80,000,000  90,000,000  100,000,000  110,000,000  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  2,000,000  3,000,000  ‐ 10,000,000  20,000,000  30,000,000  40,000,000  50,000,000  60,000,000  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 5,322,023        5,169,136         ‐2.87% Feb 10,894,340      10,715,775       ‐1.64% Mar 16,609,763      16,218,914       ‐2.35% Apr 30,639,564      32,180,045      5.03% May 45,645,542      46,051,336      0.89% Jun 50,517,636      51,288,412      1.53% Jul 56,519,396      57,687,119      2.07% Aug 61,782,180      63,335,690      2.51% Sep 66,896,094      68,598,474      2.54% Oct 81,633,136      84,628,784      3.67% Nov 96,568,859      97,472,642      0.94% Dec 103,917,730    106,142,170    2.14% Percent of budget 102.14% YTD Annual %  $‐ $10  $20  $30  $40  $50  $60  $70  $80  $90  $100  $110  Millions Total Revenue General Government Budget Actual Last Year $36 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      27,977,440      13.04% Nov 32,724,934      33,101,164      1.15% Dec 32,896,746      33,466,364      1.73% Percent of budget 101.73% $‐ $3  $6  $9  $12  $15  $18  $21  $24  $27  $30  $33  $36  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      17,043,460      2.58% Nov 18,322,808      18,955,075      3.45% Dec 19,965,647      20,773,163      4.04% Percent of budget 104.04% 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      13,229,760       ‐1.70% Nov 14,740,056      14,426,692       ‐2.13% Dec 16,155,203      15,954,432       ‐1.24% Percent of budget 98.76% 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        2,376,216        17.65% Nov 2,211,675        2,584,857        16.87% Dec 2,403,331        2,887,166        20.13% Percent of budget 120.13% 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  $3.00  Millions Licenses & Permits Budget Actual Last Year Intergovt'l Budget Actual over (under) Jan 513,548           462,865            ‐9.87% Feb 1,094,941        1,007,561         ‐7.98% Mar 1,667,563        1,389,752         ‐16.66% Apr 2,652,006        2,492,260         ‐6.02% May 4,925,655        5,142,362        4.40% Jun 5,561,357        5,924,916        6.54% Jul 6,132,833        6,681,592        8.95% Aug 6,783,538        7,648,504        12.75% Sep 7,242,869        8,187,190        13.04% Oct 8,609,645        9,396,556        9.14% Nov 11,082,470      11,953,693      7.86% Dec 12,466,034      12,673,276      1.66% Percent of budget 101.66% Note:  Includes CJ Sales Tax. $‐ $1  $2  $3  $4  $5  $6  $7  $8  $9  $10  $11  $12  $13  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        5,635,383         ‐0.31% Nov 6,159,124        6,131,190         ‐0.45% Dec 6,691,060        6,706,594        0.23% Percent of budget 100.23% 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        2,472,856         ‐3.51% Nov 2,862,140        2,720,463         ‐4.95% Dec 3,214,156        3,060,389         ‐4.78% Percent of budget 95.22% $‐ $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 666,666           612,068            ‐8.19% Feb 916,622           954,879           4.17% Mar 1,172,735        1,216,856        3.76% Apr 1,876,381        1,919,894        2.32% May 2,286,914        2,445,811        6.95% Jun 2,500,838        2,895,320        15.77% Jul 3,742,517        3,811,124        1.83% Aug 4,060,314        4,148,648        2.18% Sep 4,364,707        4,452,726        2.02% Oct 5,288,106        5,166,341         ‐2.30% Nov 5,721,799        5,458,596         ‐4.60% Dec 6,249,909        6,186,676         ‐1.01% Percent of budget 98.99% 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 128,500           206,151           60.43% Feb 175,797           289,974           64.95% Mar 253,923           394,394           55.32% Apr 312,041           492,558           57.85% May 397,517           637,771           60.44% Jun 511,580           731,604           43.01% Jul 631,253           843,920           33.69% Aug 731,321           987,309           35.00% Sep 807,646           1,076,897        33.34% Oct 869,496           1,168,505        34.39% Nov 937,166           1,233,209        31.59% Dec 1,101,759        1,630,922        48.03% Percent of budget 148.03% $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60  $1.80 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 2,080                90                      ‐95.68% Mar 8,211                5,494                 ‐33.08% Apr 431,922           8,797                 ‐97.96% May 433,364           143,912            ‐66.79% Jun 434,529           144,143            ‐66.83% Jul 435,472           144,991            ‐66.70% Aug 436,915           145,543            ‐66.69% Sep 438,052           160,342            ‐63.40% Oct 1,805,994        162,266            ‐91.02% Nov 1,806,687        907,701            ‐49.76% Dec 2,773,886        2,803,188        1.06% Percent of budget 101.06% 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 216,033           77,631               ‐64.07% Feb 349,040           291,768            ‐16.41% Mar 538,117           495,352            ‐7.95% Apr 686,235           690,220           0.58% May 896,400           943,666           5.27% Jun 1,201,326        1,290,845        7.45% Jul 1,358,189        1,468,685        8.14% Aug 1,571,039        1,691,618        7.68% Sep 1,845,604        1,864,830        1.04% Oct 2,098,722        2,190,857        4.39% Nov 2,546,922        2,560,980        0.55% Dec 2,767,521        2,811,902        1.60% Percent of budget 101.60% $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  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 7,377,110        6,667,414         ‐9.62% Feb 15,975,557      15,284,017       ‐4.33% Mar 23,800,128      22,281,867       ‐6.38% Apr 31,265,598      31,242,984       ‐0.07% May 40,973,939      38,877,391       ‐5.12% Jun 49,617,608      47,714,859       ‐3.83% Jul 57,648,707      55,549,735       ‐3.64% Aug 66,106,540      63,356,444       ‐4.16% Sep 76,870,901      71,327,565       ‐7.21% Oct 84,237,612      79,209,986       ‐5.97% Nov 92,279,346      86,791,207       ‐5.95% Dec 104,403,452    101,623,882     ‐2.66% Percent of budget expended 99.56% 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           231,423            ‐1.84% Nov 259,647           254,552            ‐1.96% Dec 284,087           278,768            ‐1.87% Percent of budget expended 98.13% $‐ $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        1,113,782         ‐7.50% Nov 1,318,583        1,231,423         ‐6.61% Dec 1,468,694        1,377,109         ‐6.24% Percent of budget expended 93.76% Hearing YTD Annual %  $‐ $0.30  $0.60  $0.90  $1.20  $1.50  $1.80  Millions Executive Budget Actual Last Year $80 000 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              47,687               ‐18.10% Nov 65,292              53,845               ‐17.53% Dec 71,025              60,368               ‐15.01% Percent of budget expended 84.99% $‐ $10,000  $20,000  $30,000  $40,000  $50,000  $60,000  $70,000  $80,000  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 141,234           136,926            ‐3.05% Feb 291,116           277,093            ‐4.82% Mar 436,269           419,219            ‐3.91% Apr 581,948           563,552            ‐3.16% May 725,684           700,106            ‐3.52% Jun 871,642           844,781            ‐3.08% Jul 1,016,111        982,591            ‐3.30% Aug 1,160,451        1,122,280         ‐3.29% Sep 1,304,888        1,261,497         ‐3.33% Oct 1,440,264        1,426,459         ‐0.96% Nov 1,582,804        1,563,092         ‐1.25% Dec 1,733,686        1,706,320         ‐1.58% Percent of budget expended 98.42% YTD Annual % $2 20 Millions Court Services $‐ $0.40  $0.80  $1.20  $1.60  $2.00  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        1,728,593         ‐3.13% Nov 1,963,784        1,901,324         ‐3.18% Dec 2,155,819        2,074,980         ‐3.75% Percent of budget expended 96.25% $‐ $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           784,676            ‐1.30% Nov 873,950           861,611            ‐1.41% Dec 952,912           942,071            ‐1.14% Percent of budget expended 98.86% Development YTD Annual %  $‐ $0.10  $0.20  $0.30  $0.40  $0.50  $0.60  $0.70  $0.80  $0.90  $1.00  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        2,554,601         ‐10.80% Nov 3,141,884        2,823,550         ‐10.13% Dec 3,434,929        3,103,568         ‐9.65% Percent of budget expended 90.35% $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  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 55,325              46,930               ‐15.17% Feb 116,628           105,987            ‐9.12% Mar 165,919           149,151            ‐10.11% Apr 219,033           188,315            ‐14.02% May 279,988           229,561            ‐18.01% Jun 329,175           271,554            ‐17.50% Jul 385,014           311,183            ‐19.18% Aug 435,470           355,162            ‐18.44% Sep 500,610           394,501            ‐21.20% Oct 556,327           434,361            ‐21.92% Nov 614,688           490,160            ‐20.26% Dec 676,136           529,043            ‐21.75% Percent of budget expended 78.25% YTD Annual %  $‐ $0.10  $0.20  $0.30  $0.40  $0.50  $0.60  $0.70  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        1,231,243         ‐3.63% Nov 1,377,062        1,347,651         ‐2.14% Dec 1,516,719        1,482,233         ‐2.27% Percent of budget expended 97.73% $‐ $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60  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        1,627,884        4.73% Nov 1,696,851        1,768,328        4.21% Dec 2,161,836        2,221,882        2.78% Percent of budget expended 102.78% 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           802,631            ‐7.05% Nov 930,561           866,205            ‐6.92% Dec 1,002,105        937,067            ‐6.49% Percent of budget expended 93.51% $‐ $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           776,279           0.63% Nov 853,247           850,165            ‐0.36% Dec 946,956           937,412            ‐1.01% Percent of budget expended 98.99% 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 2,379,528        1,905,016         ‐19.94% Feb 4,429,946        4,392,199         ‐0.85% Mar 7,027,938        6,307,019         ‐10.26% Apr 9,165,318        9,480,882        3.44% May 11,329,852      11,693,746      3.21% Jun 14,079,857      14,209,937      0.92% Jul 16,414,656      16,456,908      0.26% Aug 19,039,447      18,597,181       ‐2.32% Sep 21,277,937      21,374,890      0.46% Oct 23,363,540      23,553,267      0.81% Nov 26,104,608      26,017,797       ‐0.33% Dec 29,568,937      28,494,195       ‐3.63% Percent of budget expended 96.37% $‐ $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 1,939,285        1,891,121         ‐2.48% Feb 4,608,980        4,615,089        0.13% Mar 6,520,418        6,539,657        0.30% Apr 8,401,125        8,435,070        0.40% May 10,377,667      10,741,041      3.50% Jun 12,316,459      12,628,919      2.54% Jul 14,303,981      14,471,622      1.17% Aug 16,361,965      16,441,012      0.48% Sep 18,365,673      18,352,396       ‐0.07% Oct 20,245,912      20,229,262       ‐0.08% Nov 22,255,390      22,184,782       ‐0.32% Dec 24,259,367      24,173,315       ‐0.35% Percent of budget expended 99.65% Community YTD Annual %  $‐ $3  $6  $9  $12  $15  $18  $21  $24  Millions Fire & Emergency Services Budget Actual Last Year $0 50 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           354,172           1.46% Nov 384,584           388,455           1.01% Dec 421,043           434,558           3.21% Percent of budget expended 103.21% $‐ $0.05  $0.10  $0.15  $0.20  $0.25  $0.30  $0.35  $0.40  $0.45  $0.50  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        3,282,805         ‐1.97% Nov 3,709,562        3,632,323         ‐2.08% Dec 4,045,762        4,004,054         ‐1.03% Percent of budget expended 98.97% 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 70 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           471,166            ‐16.15% Nov 625,369           520,618            ‐16.75% Dec 685,122           577,934            ‐15.65% Percent of budget expended 84.35% $‐ $0.10  $0.20  $0.30  $0.40  $0.50  $0.60  $0.70  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        4,203,108         ‐5.73% Nov 4,852,563        4,567,758         ‐5.87% Dec 5,276,859        4,982,229         ‐5.58% Percent of budget expended 94.42% Human YTD Annual % $1 40 Millions Human Services $‐ $1  $2  $3  $4  $5  $6  Millions Recreation Budget Actual Last Year Services Budget Actual over (under) Jan 54,440              58,787              7.99% Feb 117,117           130,666           11.57% Mar 194,189           266,033           37.00% Apr 379,480           409,836           8.00% May 481,847           478,640            ‐0.67% Jun 548,008           546,207            ‐0.33% Jul 727,654           682,779            ‐6.17% Aug 805,280           748,587            ‐7.04% Sep 873,474           797,375            ‐8.71% Oct 1,021,819        948,716            ‐7.15% Nov 1,113,747        1,019,454         ‐8.47% Dec 1,298,201        1,193,871         ‐8.04% Percent of budget expended 91.96% $‐ $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           541,153            ‐8.92% Nov 656,233           633,941            ‐3.40% Dec 775,917           701,673            ‐9.57% Percent of budget expended 90.43% YTD Annual % $2 50 Millions Library Fund $‐ $100,000  $200,000  $300,000  $400,000  $500,000  $600,000  $700,000  $800,000  Neighborhoods, Resources, and Events Budget Actual Last Year Library Fund Budget Actual over (under) Jan 11,378              2,500                ‐78.03% Feb 15,108              5,000                ‐66.90% Mar 32,782              7,500                ‐77.12% Apr 33,282              58,604              76.08% May 69,632              61,106              ‐12.24% Jun 185,886           263,606           41.81% Jul 222,236           266,106           19.74% Aug 222,398           268,606           20.78% Sep 228,570           271,106           18.61% Oct 277,677           273,606           ‐1.47% Nov 278,324           276,106           ‐0.80% Dec 278,603           278,604           0.00% Percent of budget expended 100.00% $‐ $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           180,695           1.59% Nov 195,702           199,085           1.73% Dec 213,533           216,887           1.57% Percent of budget expended 101.57% 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           392,554           1.11% Nov 426,925           430,641           0.87% Dec 465,889           470,051           0.89% Percent of budget expended 100.89% $‐ $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        3,053,814         ‐1.13% Nov 3,403,987        3,368,565         ‐1.04% Dec 3,728,945        3,755,640        0.72% Percent of budget expended 100.72% YTD Annual %  $‐ $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  Millions Street Maintenance Budget Actual Last Year $5 0 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        3,699,159         ‐4.88% Nov 4,270,515        4,086,739         ‐4.30% Dec 4,763,972        4,615,160         ‐3.12% Percent of budget expended 96.88% $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 $4.5 $5.0 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 1,315                 ‐                         0.00% Feb 109,009           250,317           129.63% Mar 147,735           250,317           69.44% Apr 147,758           842,026           469.87% May 2,038,353        856,385            ‐57.99% Jun 2,523,077        1,905,620         ‐24.47% Jul 2,523,077        1,905,620         ‐24.47% Aug 2,665,924        2,158,688         ‐19.03% Sep 5,604,283        2,158,688         ‐61.48% Oct 5,604,283        2,747,599         ‐50.97% Nov 5,713,490        2,747,599         ‐51.91% Dec 7,556,084        7,437,337         ‐1.57% Percent of budget expended 98.43% 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 271,204           313,245           15.50% Feb 1,077,897        649,480            ‐39.75% Mar 1,393,975        886,227            ‐36.42% Apr 1,739,359        1,176,929         ‐32.34% May 2,294,326        1,375,197         ‐40.06% Jun 2,511,114        1,597,673         ‐36.38% Jul 2,802,080        1,863,974         ‐33.48% Aug 3,039,041        2,072,373         ‐31.81% Sep 3,272,380        2,298,266         ‐29.77% Oct 3,463,598        2,519,291         ‐27.26% Nov 3,609,992        2,705,438         ‐25.06% Dec 4,660,315        4,637,555         ‐0.49% Percent of budget expended 99.51% $‐ $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 4,249,300        4,860,643      3,270,986       Feb 10,156,860      9,712,888      7,451,062       Mar 16,768,202      15,372,251    11,393,139     Apr 22,007,388      20,105,679    15,700,049     May 27,265,171      25,621,490    19,760,057     Jun 38,024,123      30,561,965    25,608,749     Jul 44,706,754      36,536,725    30,837,617     Aug 50,441,862      41,774,863    35,411,926     Sep 57,497,690      47,449,846    39,860,995     Oct 64,463,232      53,197,620    45,185,106     Nov 71,144,317      58,842,489    49,563,198     Dec 82,324,519      63,735,507    67,279,683     Percent of budget expended 78.80% Note:  Operations and Capital $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 Millions Utilities Budget Revenue Expense $12 00 Millions Airport Airport Budget Revenue Expense Jan 716,145           182,302          131,563           Feb 1,283,046        480,547          293,170           Mar 1,914,140        679,165          431,819           Apr 2,610,035        909,193          601,497           May 3,149,699        1,114,820      823,315           Jun 4,221,031        1,360,778      1,122,991       Jul 4,919,456        1,744,572      1,261,393       Aug 6,130,412        1,950,517      1,464,878       Sep 7,073,054        2,169,957      1,602,471       Oct 8,321,067        2,442,272      1,894,436       Nov 9,288,920        2,668,625      2,033,515       Dec 10,125,047      2,894,741      2,636,527       Percent of budget expended 26.04% Note:  Operations and Capital $‐ $2.00  $4.00  $6.00  $8.00  $10.00  $12.00  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        2,053,111      1,598,018       Nov 1,206,844        2,124,992      1,731,928       Dec 2,637,204        2,188,915      2,264,588       Percent of budget expended 85.87% 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