HomeMy WebLinkAbout201105, May.pdfFINANCE AND
INFORMATION TECHNOLOGY
M E M O R A N D U M
DATE: July 6, 2011
TO: Terri Briere, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: May 2011 Financial Status Report
At the end of May, general governmental revenues show $172k or 0.4% above budget. This is
primarily due to the $334k favorable property tax collection. Sales tax is $102k higher than
budget, which is attributable to one‐time activity that occurred in December 2010 (February
2011 sales tax receipt) and the collection through the state’s sales tax Amnesty Program. Sales
tax activity continues to fluctuate widely from month to month and at this point we anticipate
will meet budget projection at the end of the year. The revenue sources that underperform
year to date budget and are likely to continue this trend for the year are: 1) Permit and
Development fees ($220k below budget at the end of May); 2) REET ($181k below); 3) Interfund
service charge ($244k below); and 4) Interest Earning ($101k below). These underperforming
areas are offset by higher than anticipated utility tax ($253k); state shared revenue ($226k);
and court fines ($57k). Therefore, we believe the overall revenue collection will be very close
to budget for the year.
General government expenditures showed favorable variances of $1.96 million or 4.9%. $1.75
million of the saving is related to SCORE jail start up cost. Due to the reduced hiring/operation
plan at SCORE, we expect to realize part of the saving at around $1 million this year. Part of the
jail saving will be needed to cover the Police department’s pay and benefit budget correction
that was under estimated for the year, so we anticipate only $500k expenditure savings at the
end of this year.
Some divisions may appear to exceed their budget at the end of May, but most are due to the
timing of various payments. Combined expenditures by department are all within department
budgets.
The attached report provides more detailed discussion of each revenue source and our updated
projections for the year. Please do not hesitate to contact me at x6952 should you have any
questions or any suggestions about the report.
General Governmental Funds
$%
Beginning Fund Balance 11,816,561$ 11,816,561$ 11,955,285$ 11,955,285$ 11,407,119$ 11,407,119$ 11,407,119$ ‐$ 0.0%
OPERATING REVENUES
Property Tax 30,660,522 15,735,934 31,497,128 16,434,665 32,046,525 16,721,331 17,054,953 333,622 2.0%
Sales Tax 17,995,836 7,671,307 17,198,220 7,267,999 17,759,600 7,364,177 7,466,812 102,635 1.4%
Sales Tax ‐ Annexation Credit 2,132,110 906,821 2,025,660 852,234 2,119,680 891,790 838,383 (53,407) ‐6.0%
Criminal Justice Sales Tax 1,650,350 697,773 1,620,479 676,723 1,804,005 753,365 741,839 (11,525) ‐1.5%
Natural Gas Use Tax 242,891 124,780 228,514 123,656 258,750 140,018 139,628 (390) ‐0.3%
Admission Tax 260,269 118,330 291,399 141,355 280,000 135,826 134,870 (956) ‐0.7%
Franchise Fees 1,039,031 518,585 1,222,444 594,746 1,260,000 613,018 600,206 (12,811) ‐2.1%
Electricity Tax 4,963,151 2,333,954 5,036,907 2,222,605 4,968,000 2,192,199 2,332,555 140,356 6.4%
Natural Gas Utility Tax 1,891,255 1,264,962 1,577,756 890,300 1,656,000 934,452 1,135,665 201,213 21.5%
Transfer Station 283,985 93,585 269,912 91,294 238,050 80,517 95,470 14,953 18.6%
TV Cable 1,263,743 518,998 1,296,744 552,440 1,366,200 582,030 550,425 (31,605) ‐5.4%
Telephone 1,037,873 427,027 1,038,009 444,889 1,000,000 428,598 419,904 (8,694) ‐2.0%
Cellular Phone 2,027,473 794,277 2,206,637 973,548 2,202,000 971,502 891,810 (79,691) ‐8.2%
City Utilities 2,871,599 1,120,769 2,853,884 1,126,673 3,477,600 1,372,907 1,388,928 16,021 1.2%
Leasehold Excise Tax 146,002 28,626 138,830 36,976 145,000 38,619 36,189 (2,431) ‐6.3%
Gambling Excise Tax 2,141,720 926,538 1,546,386 666,462 1,600,000 689,568 710,768 21,200 3.1%
Real Estate Excise Tax 2,418,456 932,916 2,464,489 986,269 2,240,000 896,914 671,794 (225,120) ‐25.1%
Less: Municipal Facilities CIP REET (1,000,000) (435,595) (400,000) (164,527) (400,000) (164,527) (119,963) 44,563 ‐27.1%
EMS Levy 1,170,657 ‐ 1,161,114 ‐ 950,921 152,215 152,215 ‐ 0.0%
Business License Fees 424,413 205,594 431,782 216,603 463,067 232,298 215,144 (17,153) ‐7.4%
Other Licenses and Permits 176,851 64,408 262,629 90,744 210,255 72,647 84,271 11,623 16.0%
Building Permits & Development Svc Fees 2,361,037 986,666 2,437,270 1,061,655 2,706,044 1,190,121 969,626 (220,495) ‐18.5%
Intergovt'l (Grants, State Shared, etc) 3,820,932 1,829,190 4,426,676 1,703,248 3,623,386 1,371,254 1,631,292 260,038 19.0%
Fire District 25 and 40 Contracts 5,869,198 2,338,225 5,252,877 583,869 5,928,462 2,885,277 2,885,277 ‐ 0.0%
Public Safety 521,484 222,442 482,343 184,831 426,081 163,272 178,115 14,843 9.1%
Culture and Recreation 1,631,486 506,264 1,424,932 462,900 1,628,486 529,026 531,798 2,771 0.5%
Interfund/Interdept‐Services 3,225,745 1,345,715 3,190,908 1,383,263 3,314,653 1,436,907 1,192,966 (243,940) ‐17.0%
Fines and Forfeits 1,349,034 512,771 1,291,817 450,995 1,088,750 378,789 435,320 56,530 14.9%
Photo Enforcement 2,368,131 1,038,725 1,925,159 813,819 1,900,908 803,568 862,498 58,930 7.3%
Seizure Funds ‐ Federal/State/Local 99,844 27,157 221,046 53,064 180,693 43,377 ‐ (43,377) ‐100.0%
Interests and Other Earnings 535,314 237,476 327,558 132,674 477,730 193,500 92,249 (101,252) ‐52.3%
Rents, Leases, and Concessions 677,960 340,141 727,338 359,452 698,929 345,412 327,189 (18,223) ‐5.3%
Contributions and Donations 150,406 40,498 133,756 42,652 146,800 46,812 51,317 4,505 9.6%
Other Miscellaneous 355,086 108,805 290,239 119,984 352,218 147,543 107,428 (40,114) ‐27.2%
Refunding Debt and Premiums ‐ ‐ 6,613,484 6,613,484 ‐ ‐ ‐ ‐ 0.0%
Other Financing Sources (Transfer‐In, etc) 578,206 246 653,595 285 529,056 167,716 167,716 ‐ 0.0%
Total Operating Revenues 97,342,052 43,583,909 103,367,918 48,191,829 98,647,849 44,802,036 44,974,654 172,618 0.4%
OPERATING EXPENDITURES
Legislative 247,225 104,134 259,345 109,177 277,834 116,993 112,072 4,921 4.2%
Executive 1,499,747 604,647 1,578,526 672,872 1,484,762 616,193 605,772 10,421 1.7%
City Clerk 646,581 323,213 789,209 368,812 790,484 380,999 369,865 11,133 2.9%
Hearing Examiner 171,911 72,547 174,447 72,376 171,929 71,939 28,865 43,073 59.9%
City Attorney 1,248,380 534,316 1,565,597 666,194 1,600,531 682,825 657,439 25,385 3.7%
Court Services 1,819,731 778,154 2,007,599 822,296 2,148,421 898,391 831,527 66,864 7.4%
Community and Eco Dvlpmnt Admin 265,269 114,875 579,396 243,426 929,263 394,187 387,665 6,522 1.7%
Development Services 3,615,129 1,572,624 2,946,413 1,252,760 3,164,064 1,362,438 1,220,807 141,632 10.4%
Economic Development 1,244,175 502,880 1,322,004 527,838 745,313 299,359 297,953 1,405 0.5%
Planning 1,525,460 570,770 1,774,508 624,963 1,545,279 559,927 581,947 (22,020) ‐3.9%
Finance 1,969,936 951,436 2,214,458 770,836 2,101,797 865,088 770,959 94,129 10.9%
Human Resources 853,063 345,695 861,221 354,450 977,884 399,386 342,697 56,689 14.2%
Police 22,515,895 9,283,764 23,946,386 9,813,722 23,988,409 9,860,004 10,349,968 (489,964) ‐5.0%
Jail Services 3,317,861 1,242,232 3,539,035 1,203,258 7,043,820 2,512,156 762,691 1,749,464 69.6%
Fire 20,378,891 9,017,566 21,554,792 9,312,143 22,045,916 9,636,531 9,538,569 97,962 1.0%
Community Services Admin 1 4,459,381 1,891,641 1,063,011 439,144 412,476 174,090 170,164 3,926 2.3%
Parks 3,894,745 1,421,463 3,421,424 1,261,884 3,928,721 1,440,935 1,422,731 18,203 1.3%
Parks Planning & Natural Resources ‐ ‐ 448,574 150,956 582,186 242,578 204,169 38,408 15.8%
Recreation 4,374,668 1,403,991 4,433,420 1,516,763 5,178,448 1,717,169 1,763,066 (45,897) ‐2.7%
Human Services 1,194,142 421,293 1,326,778 455,748 1,363,272 474,289 499,658 (25,369) ‐5.3%
Neighborhoods, Resources, & Events 348,185 112,712 331,222 112,347 688,984 228,231 198,703 29,528 12.9%
Library 2,321,878 836,642 2,289,692 1,067,015 2,030,000 12,619 12,619 ‐ 0.0%
Museum 140,801 60,516 191,090 78,771 208,407 87,464 86,914 550 0.6%
Public Works Admin 1 942,026 398,608 514,858 215,438 454,179 191,427 187,166 4,260 2.2%
Street Maintenance 3,794,716 1,591,822 3,412,892 1,367,277 3,693,925 1,516,549 1,455,914 60,635 4.0%
Transportation 5,110,639 2,118,799 5,215,309 2,071,440 4,606,639 1,869,361 1,787,292 82,069 4.4%
Debt Service 4,176,822 ‐ 11,320,584 6,739,665 4,715,035 390,380 390,380 ‐ 0.0%
Non‐Departmental and Other 5,126,072 1,786,031 4,834,296 1,657,444 3,820,946 3,149,818 3,149,818 ‐ 0.0%
Total Operating Expenditures 97,203,328 38,062,368 103,916,084 43,949,015 100,698,925 40,151,324 38,187,393 1,963,930 4.9%
Total Ending Fund Balance 11,955,285$ 17,338,103$ 11,407,119$ 16,198,100$ 9,356,043$ 16,057,831$ 18,194,380$ 2,136,549 13.3%
1Facilities was included in Community Services Admin and Technical Services was included in Public Works Admin in 2009
Favorable (Unfavorable)
2009 2010 2011 Variance
Annual Actual YTD Actual Annual Budget YTD Budget YTD ActualSummary of Sources and Uses Annual Actual YTD Actual
Monthly Financial Report May 2011
Page 1 of 36
Monthly Financial Report May 2011
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through May 31, 2011. 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 77% of
all resources supporting general governmental activities. The following section provides detail information on property,
sales, utility, and other taxes.
Property Tax
May’s collection is $7.8 million,
making the total year‐to‐date
collection $17.1 million or 53% of
the total budget. In comparison
to the previous year, the City
collected $620k or 4% more.
Compared to the budget, the City
is above projections by $334k or
2%. The City is projecting
property taxes to meet the 2011
budget at year‐end. The
April/May variance is due to the
timing of collections. When the
two months are combined, the
City is $198k or 1% behind budget
but $70k ahead of last year.
Sales Tax
May 2011 sales tax receipts totaled
$1.6 million. Compared to the
same month last year, it is $91k or
6% more. Compared to the
projected current month’s budget,
it is above projections by $64k or
4%. The year‐to‐date collection is
$7.5 million or 42% of the sales tax
budget, which is $199k or 3% more
than the prior year and $103k or
1% higher than the budget. Based
on the year‐to‐date collection, the
City projected sales tax revenues to
be very close to budget projection
at the end of 2011.
2010 2011 2011
Actual Budget Actual $ % $ %
Jan 218,705$ 222,520$ 505,501$ 286,797$ 131% 282,981$ 127%
Feb 270,809 275,532 336,193 65,385 24% 60,661 22%
Mar 547,632 557,184 745,285 197,653 36% 188,101 34%
Apr 6,660,829 6,777,012 7,618,492 957,664 14% 841,480 12%
May 8,736,691 8,889,083 7,849,481 (887,210) ‐10% (1,039,602) ‐12%
Jun 114,982 116,988
Jul 87,952 89,486
Aug 149,160 151,761
Sep 491,642 500,217
Oct 7,060,074 7,183,221
Nov 7,288,083 7,029,490
Dec (129,429) 254,031
YTD Total 16,434,665$ 16,721,331$ 17,054,953$ 620,288$ 4% 333,622$ 2%
Annual Total 31,497,128$ 32,046,525$
Property Tax Revenues
Year to Date through May
2011 vs. 2010 2011 vs. Budget
Month
2010 2011 2011
Actual Budget Actual $ % $ %
Jan 1,289,364$ 1,408,501$ 1,339,658$ 50,295$ 4% (68,843)$ ‐5%
Feb 1,728,588 1,737,756 1,982,269 253,682 15% 244,513 14%
Mar 1,289,589 1,341,244 1,299,237 9,648 1% (42,007) ‐3%
Apr 1,461,123 1,350,144 1,254,867 (206,257) ‐14% (95,277) ‐7%
May 1,499,335 1,526,532 1,590,780 91,446 6% 64,248 4%
Jun 1,382,049 1,417,495 ‐
Jul 1,309,429 1,420,358 ‐
Aug 1,470,881 1,542,957 ‐
Sep 1,408,876 1,472,089 ‐
Oct 1,447,338 1,539,380 ‐
Nov 1,508,617 1,530,976 ‐
Dec 1,403,032 1,472,168 ‐
YTD Total 7,267,999$ 7,364,177$ 7,466,812$ 198,813$ 3% 102,635$ 1%
Annual Total 17,198,220$ 17,759,600$
2011 vs. Budget2011 vs. 2010
Month
Year to Date through May
Local Retail Sales Tax Revenues
Page 2 of 36
Monthly Financial Report May 2011
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 2010 2011 Bgt YTD Act Change 2011/2010 2011 Act vs Bgt
New Construction 1,005,901$ 723,045$ 582,440$ (423,461)$ ‐42% $ (140,604)‐19%
Auto Sales 1,209,729 1,346,736 1,315,561 105,832 9% (31,175)‐2%
General Retail 2,529,216 2,638,114 2,574,826 45,609 2% (63,289)‐2%
Manufacturing 321,266 355,557 571,456 250,190 78% 215,899 61%
Wholesale 395,234 455,656 466,985 71,751 18% 11,330 2%
Service 1,559,850 1,614,445 1,664,591 104,740 7% 50,146 3%
Other 246,802 230,625 290,953 44,152 18% 60,329 26%
Total 7,267,999$ 7,364,177$ 7,466,812$ 198,813$ 3%102,635$ 1%
Note: Excludes Annexation Credit and Criminal Justice Sales Tax revenue.
Utility tax
May utility tax revenues are $1.3
million, which is $60k or 5% higher than
the same month last year and also
ahead of the budget by $10k or 1%.
The year‐to‐date collection is $7
million, which is $529k or 8% higher
than the prior year and is also $252k or
4% higher than the budget. Based on
collections so far the City is projecting
utility taxes to meet the 2011 budget at
the end of the year.
The table below breaks out Utility Tax
by source:
Utility Tax by Type 2010 2011 Bgt YTD Act Change 2011/2010 2011 Act vs Bgt
Electrical 2,222,605$ 2,192,199$ 2,332,555$ 109,950$ 5%$ 140,356 6%
Natural Gas 1,013,957 1,074,470 1,275,293 261,337 26% 200,823 19%
Cell 973,548 971,502 891,810 (81,737) ‐8% (79,691)‐8%
Phone 444,889 428,598 419,904 (24,985) ‐6% (8,694)‐2%
Cable 552,440 582,030 550,425 (2,015) 0% (31,605)‐5%
Transfer Station 91,294 80,517 95,470 4,176 5% 14,953 19%
City Utilities 1,126,673 1,372,907 1,388,928 262,255 23% 16,021 1%
YTD Total 6,425,405$ 6,702,223$ 6,954,386$ 528,981$ 8%252,163$ 4%
Annual Total 14,508,363$ 15,166,600$
YTD as % of 44% 44%
2010 2011 2011
Actual Budget Actual $ % $ %
Jan 1,392,232$ 1,449,257$ 1,363,023$ (29,209)$ ‐2% (86,234)$ ‐6%
Feb 1,245,631 1,302,522 1,448,275 202,644 16% 145,753 11%
Mar 1,295,732 1,346,959 1,480,840 185,108 14% 133,881 10%
Apr 1,260,110 1,321,643 1,370,718 110,608 9% 49,075 4%
May 1,231,700 1,281,842 1,291,530 59,830 5% 9,687 1%
Jun 1,165,188 1,221,180
Jul 1,140,413 1,193,031
Aug 1,131,693 1,190,578
Sep 1,082,231 1,136,760
Oct 1,138,457 1,193,046
Nov 1,112,608 1,157,583
Dec 1,312,366 1,372,199
YTD Total 6,425,405$ 6,702,223$ 6,954,386$ 528,981$ 8%252,163$ 4%
Annual Total 14,508,363$ 15,166,600$
2011 vs. Budget2011 vs. 2010
Year to Date through May
Utility Tax Revenues
Month
Page 3 of 36
Monthly Financial Report May 2011
Other Taxes
Real Estate Excise Tax
The City collected $158k in Real Estate
Excise Tax revenues (REET) in May. This
is $40k or 20% below the current
month’s budget and $59k or 27% behind
the same month last year. The year‐to‐
date collection is $672k or 30% of the
total budget, which is $314k or 32% less
than the prior year and is also $225k or
25% below the budget. Based on the
collections so far, the City is projecting
REET to be under the 2011 budget by
year‐end.
Gambling Tax
May’s Gambling Tax collections
total $159k. Year‐to‐date total of
$711k is $44k or 7% above the
year before and is also $21k or 3%
above budget.
Pull tabs overall increased by 3%,
bingo reduced by 39%, and card‐
rooms are seeing 8% higher in
activities when compared to the
prior year.
Franchise Fees
Franchise Fees are due quarterly
and the year‐to‐date revenue
collections are $600k. This is $13k
or 2% below the projected year‐
to‐date budget and $5k or 1%
higher than 2010.
2010 2011 2011
Actual Budget Actual $ % $ %
Jan 71,303$ 64,842$ 161,911$ 90,608$ 127% 97,069$ 150%
Feb 107,242 97,524 99,677 (7,565) ‐7% 2,153 2%
Mar 309,164 281,121 141,700 (167,464) ‐54% (139,421) ‐50%
Apr 281,746 256,194 110,987 (170,759) ‐61% (145,207) ‐57%
May 216,814 197,233 157,519 (59,295) ‐27% (39,714) ‐20%
Jun 191,741 174,436
Jul 149,706 136,195
Aug 209,369 190,471
Sep 123,054 111,936
Oct 183,333 176,560
Nov 203,091 184,761
Dec 417,925 368,726
YTD Total 986,269$ 896,914$ 671,794$ (314,475)$ ‐32% (225,120)$ ‐25%
Annual Total 2,464,489$ 2,240,000$
Month
2011 vs. Budget2011 vs. 2010
Real Estate Excise Tax Revenues
Year to Date through May
2010 2011 2011
Actual Budget Actual $ % $ %
Jan 135,608$ 140,310$ 118,304$ (17,304)$ ‐13% (22,005)$ ‐16%
Feb 137,736 142,512 135,926 (1,811) ‐1% (6,586) ‐5%
Mar 63,054 134,061 135,067 72,013 114% 1,006 1%
Apr 196,085 134,062 162,459 (33,626) ‐17% 28,397 21%
May 133,979 138,624 159,013 25,034 19% 20,389 15%
Jun 142,790 147,741 ‐
Jul 125,614 129,969 ‐
Aug 138,563 143,368 ‐
Sep 105,323 108,974 ‐
Oct 126,396 130,779 ‐
Nov 121,757 125,978 ‐
Dec 119,481 123,624 ‐
YTD Total 666,462$ 689,568$ 710,768$ 44,306$ 7% 21,200$ 3%
Annual Total 1,546,386$ 1,600,000$
2011 vs. 2010 2011 vs. Budget
Gambling Tax Revenue
Month
Year to Date through May
2010 2011 2011
Actual Budget Actual $ % $ %
Jan 320,478$ 330,324$ 305,646$ (14,833)$ ‐5% (24,678)$ ‐7%
Apr 274,268 282,694 294,560 20,293 7% 11,867 4%
Jul 286,523 295,326 ‐
Aug 6,691 6,896 ‐
Oct 289,316 298,204 ‐
Dec 45,169 46,556 ‐
YTD Total 594,746$ 613,018$ 600,206$ 5,460$ 1% (12,811)$ ‐2%
Annual Total 1,222,444$ 1,260,000$
Franchise Fees Revenue
Year to Date through May
Month
2011 vs. 2010 2011 vs. Budget
Page 4 of 36
Monthly Financial Report May 2011
Admission Tax
Admission Tax returns are due
quarterly in January, April, July,
and October each year. April
2011 collections represent
activities conducted during the 1st
quarter of 2011.
The report shows a decrease of
$6k or 5% from the year before
and also a $1k or 1% less than
anticipated.
Licenses and Permits
Building Permits and Development Service Fees
Building Permits and Development
Service Fee revenues totaled $239k in
May. The revenue swing between the
high in January 2010 and the low in
February 2010 is primarily attributable
to the rush of getting permits completed
prior to the new school impact fees
taking effect. The year‐to‐date
development fees revenue of $970k is
$220k or 19% less than the budget and is
also $92k or 9% lower than 2010.
Business Licenses
Business Licenses totaled $20k for May, which is
$1k or 7% below the same month last year and
is also $3k or 13% below the current month’s
budget. The year‐to‐date Business Licenses
revenue is under the budget by $17k or 7% and
is also $1k or 1% below last year.
2010 2011 2011
Actual Budget Actual $ % $ %
Jan 74,777$ 71,852$ 70,405$ (4,372)$ ‐6% (1,447)$ ‐2%
Feb 459 441 477 18 4% 35 8%
Apr 66,119 63,533 63,582 (2,538) ‐4% 49 0%
May ‐ ‐ 407 407 100% 407 100%
Jul 76,024 73,050 ‐
Aug 485 466 ‐
Oct 73,073 70,215 ‐
Nov 462 444 ‐
YTD Total 141,355$ 135,826$ 134,870$ (6,485)$ ‐5% (956)$ ‐1%
Annual Total 291,399$ 280,000$
Month
2011 vs. 2010 2011 vs. Budget
Admission Tax Revenue
Year to Date through May
2010 2011 2011
Actual Budget Actual $ % $ %
Jan 77,955$ 83,603$ 84,109$ 6,154$ 8% 506$ 1%
Feb 33,440 35,863 23,153 (10,287) ‐31% (12,710) ‐35%
Mar 5,687 6,099 3,811 (1,875) ‐33% (2,287) ‐38%
Apr 77,964 83,612 83,930 5,966 8% 317 0%
May 21,558 23,120 20,142 (1,417) ‐7% (2,979) ‐13%
Jun 4,709 5,051 ‐
Jul 83,201 89,230 ‐
Aug 14,782 15,853 ‐
Sep 4,475 4,799 ‐
Oct 83,639 89,699 ‐
Nov 22,288 23,903 ‐
Dec 2,084 2,235 ‐
YTD Total 216,603$ 232,298$ 215,144$ (1,459)$ ‐1% (17,153)$ ‐7%
Annual Total 431,782$ 463,067$
Business Licenses
Month
2011 vs. 2010
Year to Date through May
2011 vs. Budget
2010 2011 2011
Actual Budget Actual $ % $ %
Jan 394,165$ 454,717$ 132,621$ (261,545)$ ‐66% (322,096)$ ‐71%
Feb 93,037 100,788 141,672 48,634 52% 40,884 41%
Mar 172,096 188,567 265,782 93,686 54% 77,215 41%
Apr 180,514 207,481 190,534 10,020 6% (16,946) ‐8%
May 221,843 238,569 239,018 17,175 8% 448 0%
Jun 210,810 240,300
Jul 319,462 336,067
Aug 167,001 194,145
Sep 158,882 183,653
Oct 223,901 232,210
Nov 125,748 143,854
Dec 169,811 185,693
YTD Total 1,061,655$ 1,190,121$ 969,626$ (92,029)$ ‐9% (220,495)$ ‐19%
Annual Total 2,437,270$ 2,706,044$
Building Permits and Development Service Fees
Year to Date through May
2011 vs. Budget2011 vs. 2010
Month
Page 5 of 36
Monthly Financial Report May 2011
Intergovernmental
These revenue sources
include federal (direct
and indirect) grants,
state grants, state
shared revenues, local
grants, and
entitlements. State
shared revenues and
Fire Districts’ 25 and 40
contracts compose 91%
of the total revenues in this category. The year‐to‐date total Intergovernmental revenue is $5.1 million or 45% of the
budget. All grant revenues also have corresponding expenditures which was added to the City’s budget through the 2011
carry forward budget adjustment.
State Shared Revenues
State Shared Revenue
collections totaled $1.8
million since the start of
2011. Compared to the
projected budget, State
Shared Revenues are above
by $226k or 14%. Compared
to the prior year, the City is
collecting $166k or 10%
more. The actual collection
that lags budget is primarily
due to the reduced criminal
justice sales tax (King County
countywide sales tax
decrease). The City is projecting State Shared Revenues to meet the 2011 budget by the end of the year.
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 75% of the total revenue in this category. The year‐to‐date total charges for services are $2.3 million or 36% of
the budget. This is 9% below budget projections. The following sections provide detail information for Public Safety,
Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totaled $178k since
the start of the year. These services include
private security, adult probation services,
and housing/monitoring of prisoners.
Compared to the budget, the City is
collecting $15k or 9% more than anticipated
revenue. Compared to the prior year, the
City is collecting $7k or 4% less. The City is
projecting Public Safety Service revenues to
meet the 2011 projected budget by year‐
end.
2010 2011 2011
Actual Budget Actual $ % $ %
Jan 35,994$ 31,795$ 18,824$ (17,169)$ ‐48% (12,971)$ ‐41%
Feb 29,971 26,475 40,902 10,931 36% 14,427 54%
Mar 34,786 30,728 30,346 (4,440) ‐13% (382) ‐1%
Apr 47,687 42,125 52,434 4,746 10% 10,309 24%
May 36,393 32,148 35,609 (784) ‐2% 3,461 11%
Jun 27,093 23,933 ‐
Jul 57,010 50,360 ‐
Aug 34,206 30,217 ‐
Sep 42,316 37,380 ‐
Oct 39,487 34,881 ‐
Nov 24,065 21,258 ‐
Dec 73,334 64,780 ‐
YTD Total 184,831$ 163,272$ 178,115$ (6,716)$ ‐4% 14,843$ 9%
Annual Total 482,343$ 426,081$
Month
2011 vs. 2010
Year to Date through May
Public Safety Services
2011 vs. Budget
Intergovernmental 2010 2011 Bgt YTD Act Change 2011/2010 2011 Act vs Bgt
Fire District #25 ‐$ 597,476$ 597,476$ 597,476$ 100% $ ‐ 0%
Fire District #40 583,869 2,287,801 2,287,801 1,703,932 292%‐ 0%
State Shared Revenue 1,638,209 1,579,109 1,804,675 166,467 10% 225,566 14%
Federal Grants 503,657 161,440 161,440 (342,218) ‐68%‐ 0%
State Grants 117,354 73,216 73,216 (44,138) ‐38%‐ 0%
Other Grants/Intgovt 103,847 93,178 93,178 (10,669) ‐10%‐ 0%
ARRA Grants 116,903 126,020 126,020 9,118 8%‐ 0%
Total Rev YTD 3,063,839$ 4,918,239$ 5,143,806$ 2,079,967$ 68%225,566$ 5%
Total Rev Annual 11,300,032$ 11,355,853$
YTD %27% 43% 45%
Note: Includes CJ Sales Tax.
2010 2011 2011
Actual Budget Actual $ % $ %
Crim Just Sales Tax 676,723$ 753,365$ 741,839$ 65,116$ 10% (11,525)$ ‐2%
Judicial Contribution 17,229 7,253 11,234 (5,995)$ ‐35% 3,981 55%
Crim Just ‐ High Crime ‐ ‐ 96,385 96,385 100% 96,385 100%
Crim Just ‐ Pop 9,223 ‐ 9,840 617 7% 9,840 100%
Crim Just ‐ Spec Prog 35,060 32,997 37,165 2,105 6% 4,168 13%
State DUI 7,871 7,475 8,013 142 2% 538 7%
Liquor Profits 195,587 115,672 168,155 (27,432) ‐14% 52,483 45%
Liquor Excise Tax 213,880 213,953 220,756 6,876 3% 6,803 3%
Fuel Tax 482,636 448,395 511,287 28,651 6% 62,893 14%
YTD Total 1,638,209$ 1,579,109$ 1,804,675$ 166,467$ 10% 225,566$ 14%
Annual Total 4,189,298$ 3,874,444$
2011 vs. Budget
State Shared Revenues
2011 vs. 2010
Revenue
Year to Date through May
Page 6 of 36
Monthly Financial Report May 2011
Recreation
Recreation revenues totaled $134k for
the current month. Compared to the
projected monthly budget, the City
collected $38k or 40% more. Compared
to the same month the prior year, the
City collected $50k or 60% more. The
year‐to‐date collection of $532k is $69k
or 15% more than the prior year and also
$3k or 1% more than the budget. The
City is projecting Recreation revenues to
meet the 2011 budget by year‐end.
Interfund Services
The year‐to‐date collections for Interfund
Services revenues are $1.2 million.
Compared to the projected budget, the
revenues are below by $244k or 17%.
Compared to the prior year, the revenues
are under by $190k or 14%. 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 high
amount in April 2010 and April 2011
budget is because of a correction that was done in April 2010. The correction caught up amounts that were missed for
January through March of 2010. The 2011 monthly budget is skewed since it is based on 2010 activity.
Fines and Penalties
These revenue sources contain civil
(penalties, infractions, and parking),
criminal (traffic, non‐traffic, and costs),
and non‐court fines, forfeitures, and
penalties. The table on the following
page breaks down these fines by type.
The year‐to‐date total fines and
penalties is $1.3 million. This is $32k or
2% lower than a year ago, but is $60k
or 5% above the budget. This
difference also includes $43k lower
than budgeted Seizure Funds received
this year. The use of Seizure Funds is
restricted to drug enforcement only
2010 2011 2011
Actual Budget Actual $ % $ %
Jan 62,673$ 71,626$ 61,933$ (740)$ ‐1% (9,693)$ ‐14%
Feb 64,915 74,189 82,497 17,582 27% 8,309 11%
Mar 99,100 113,257 99,537 437 0% (13,720) ‐12%
Apr 152,452 174,230 153,717 1,265 1% (20,513) ‐12%
May 83,760 95,725 134,113 50,354 60% 38,388 40%
Jun 193,082 220,664 ‐
Jul 280,956 321,091 ‐
Aug 181,356 207,263 ‐
Sep 111,952 127,945 ‐
Oct 77,544 88,621 ‐
Nov 51,672 59,054 ‐
Dec 65,469 74,822 ‐
YTD Total 462,900$ 529,026$ 531,798$ 68,897$ 15% 2,771$ 1%
Annual Total 1,424,932$ 1,628,486$
Recreation
Year to Date through May
2011 vs. Budget2011 vs. 2010
Month
2010 2011 2011
Actual Budget Actual $ % $ %
Jan 242,658$ 252,068$ 190,881$ (51,777)$ ‐21% (61,187)$ ‐24%
Feb 273,674 284,288 282,743 9,068 3% (1,545) ‐1%
Mar 249,758 259,444 251,144 1,386 1% (8,300) ‐3%
Apr 348,019 361,516 231,156 (116,864) ‐34% (130,360) ‐36%
May 269,154 279,591 237,043 (32,111) ‐12% (42,549) ‐15%
Jun 275,850 286,548 ‐
Jul 263,285 273,495 ‐
Aug 248,584 258,224 ‐
Sep 238,713 247,970 ‐
Oct 241,403 250,765 ‐
Nov 255,986 265,913 ‐
Dec 283,824 294,831 ‐
YTD Total 1,383,263$ 1,436,907$ 1,192,966$ (190,297)$ ‐14% (243,940)$ ‐17%
Annual Total 3,190,908$ 3,314,653$
Interfund Services
Year to Date through May
2011 vs. 2010 2011 vs. Budget
Month
2010 2011 2011
Actual Budget Actual $ % $ %
Jan 239,080$ 223,938$ 165,721$ (73,360)$ ‐31% (58,218)$ ‐26%
Feb 228,332 210,821 261,655 33,322 15% 50,833 24%
Mar 279,311 259,871 313,067 33,756 12% 53,196 20%
Apr 294,612 273,484 289,767 (4,845) ‐2% 16,283 6%
May 276,543 257,620 255,949 (20,594) ‐7% (1,671) ‐1%
Jun 373,623 347,746
Jul 256,225 239,290
Aug 319,267 286,019
Sep 231,632 208,702
Oct 267,539 247,930
Nov 314,160 297,164
Dec 352,044 317,767
YTD Total 1,317,878$ 1,225,734$ 1,286,157$ (31,721)$ ‐2% 60,424$ 5%
Annual Total 3,432,368$ 3,170,351$
2011 vs. Budget2011 vs. 2010
Year to Date through May
Fines and Penalties by Month
Month
Page 7 of 36
Monthly Financial Report May 2011
and not available for general operating purposes.
Year to Date through May
2010 2011 2011
Actual Budget Actual $ % $ %
Civil Penalties 5,699$ 5,263$ 5,061$ (638)$ ‐11% (201)$ ‐4%
Civil Infraction Penalties 293,334 265,137 277,243 (16,091) ‐5% 12,106 5%
Civil Parking Infraction Penalties 55,018 56,624 42,558 (12,460) ‐23% (14,066) ‐25%
Photo Enforcement Program 813,819 803,568 862,498 48,678 6% 58,930 7%
Criminal Traffic Misdemeanor Fines 34,836 31,866 39,410 4,573 13% 7,544 24%
Criminal Non‐Traffic Fines 13,813 14,074 11,882 (1,931) ‐14% (2,192) ‐16%
Criminal Costs 37,278 3,907 47,426 10,147 27% 43,518 1114%
Seizure Funds ‐ Federal/State/Local 53,064 43,377 ‐ (53,064) 0% (43,377) 0%
Non‐Court Fines, Forfeitures and Penalties 11,016 1,919 80 (10,936) ‐99% (1,839) ‐96%
YTD Total 1,317,878$ 1,225,734$ 1,286,157$ (31,721)$ ‐2% 60,424$ 5%
Annual Total 3,432,368$ 3,170,351$
Revenue
2011 vs. Budget
Fines and Penalties by Type
2011 vs. 2010
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 $862k. The associated costs
includes the equipment provided by American
Traffic Solutions Inc (ATS), we are also dedicating 2
FTEs in the Court Division to process the increased
caseload and 1.1 FTEs in the Police Department for
support services. These staff’s time along with a
90% pro tem budget and interpreter costs amounts
to $362k for personnel costs. The total costs for the
program equates to $842k which is represented in
the table.
Miscellaneous
This revenue source reflects the
collection of interest and other earnings,
rents, leases, and concessions,
contributions, and donations from
private sources, and other miscellaneous
revenues. Interest and other earnings
along with rents, leases, and concessions
constitute 87% of the total revenue in
this category. The year‐to‐date total
miscellaneous is $484k. Compared to the
projected year‐to‐date budget, the
revenues are under by $160k or 25%.
Compared to last year, the revenues are
under by $90k or 16%. The table on the
next page breaks out Miscellaneous
revenues by type:
2010 2011 2011
Actual Budget Actual $ % $ %
Jan 170,998$ 181,164$ 143,105$ (27,892)$ ‐16% (38,058)$ ‐21%
Feb 86,124 99,440 70,237 (15,887) ‐18% (29,203) ‐29%
Mar 115,122 132,824 99,131 (15,990) ‐14% (33,692) ‐25%
Apr 99,376 114,159 74,048 (25,327) ‐25% (40,110) ‐35%
May 101,909 116,069 97,083 (4,826) ‐5% (18,986) ‐16%
Jun 148,339 173,389
Jul 158,134 177,832
Aug 93,081 107,144
Sep 110,810 124,170
Oct 73,018 86,617
Nov 56,175 67,061
Dec 56,503 64,592
YTD Total 573,528$ 643,655$ 483,606$ (89,923)$ ‐16% (160,050)$ ‐25%
Annual Total 1,269,588$ 1,444,459$
Year to Date through May
Month
2011 vs. Budget2011 vs. 2010
Miscellaneous Revenues by Month
Favorable
Budget Actual Budget Actual (Unfavorable)
1
Jan 184,922$ 165,696$ 76,201$ 67,883$ 97,812$
Feb 133,857 163,932 76,693 67,885 96,048
Mar 170,080 198,197 76,201 67,852 130,345
Apr 160,472 177,597 53,048 67,991 109,606
May 154,236 157,076 71,882 67,999 89,077
Jun 215,118 ‐ 71,871 ‐ ‐
Jul 144,584 ‐ 72,275 ‐ ‐
Aug 126,504 ‐ 56,688 ‐ ‐
Sep 90,979 ‐ 71,527 ‐ ‐
Oct 158,357 ‐ 71,420 ‐ ‐
Nov 208,633 ‐ 71,884 ‐ ‐
Dec 153,166 ‐ 72,273 ‐ ‐
YTD Total 803,568$ 862,498$ 354,025$ 339,610$ 522,888$
Annual Total 1,900,908$ 841,964$
1Actuals of Revenues and Expenses
Revenues Expenses
Photo Enforcement Program
Year to Date through May
Month
Page 8 of 36
Monthly Financial Report May 2011
2010 2011 2011
Actual Budget Actual $ % $ %
Interests and Other Earnings 132,674$ 193,500$ 92,249$ (40,426)$ ‐30% (101,252)$ ‐52%
Rents, Leases, and Concessions 359,452 345,412 327,189 (32,263) ‐9% (18,223) ‐5%
Contributions/Donations from Private Sources 42,652 46,812 51,317 8,664 20% 4,505 10%
Other 38,750 57,932 12,852 (25,898) ‐67% (45,079) ‐78%
YTD Total 573,528$ 643,655$ 483,606$ (89,923)$ ‐16% (160,050)$ ‐25%
Annual Total 1,269,588$ 1,444,459$
2011 vs. Budget
Miscellaneous Revenues by Type
Year to Date through May
Revenue
2011 vs. 2010
Rents, Leases, and Concessions are lower than the prior year due to receiving fewer revenues for the Carco Theater, Coulon
boat launches, and Fitness area rentals. Other revenues are lower than the prior year because this type of revenue stream
is one‐time types (unclaimed property, miscellaneous reimbursements for accidents, sale of scrap, etc.), which we would
expect to fluctuate.
EXPENSES
Overall the City has expended 38% of its budgeted general governmental expenditures at the end of May. This is $1.96
million or 4.9% below year‐to‐date budgeted expenditures. While some of these savings would be realized at the end of
the year, others are due to the timing of the payments. Below are the explanations for expenditure variances.
The Planning division of Community and Economic Development Department appears to be over budget by $22k or 3.9%.
This is due to the timing of professional services contract payments made in 2009 and 2010 compared to 2011. Payments
were made later in the year for 2009 and 2010 and therefore would skew the current 2011 year‐to‐date budget. The year‐
to‐date budget will correct itself by the end of the year.
The Police Department is over budget by $490k or 5%. The majority of this is due to higher than anticipated salaries and
wages (by $213k), overtime (by $140k) and benefits (by $107k). Of the $213k overage for salaries and wages (which
includes budgeted uniform allowance), $82k is related to various sick and vacation buy back/pay outs that was not included
in the budget. If we remove this amount, Police would only be $408k or 4.1% over budget. Police salaries and benefits
budget was under estimated for the year and a $540k budget adjustment will be included in the 2nd Quarter amendment to
correct this.
The Recreation division of Community Services Department is over budget by $46k or 2.7%. Majority of this is due to a
prior period payment ($28k for 2009) for natural gas for the Henry Moses Aquatic Center. We will monitor their budget to
determine if a budget adjustment is necessary to cover this expense at year‐end.
The Human Services division of Community Services Department is over budget by $25k or 5.3%. This is due to the dollar
amount of professional services contract payments made in 2009 and 2010 compared to 2011. Invoices were lower in
dollar amount in the year for 2009 and 2010 and therefore would skew the current 2011 year‐to‐date budget. The year‐to‐
date budget will correct itself by the end of the year.
Page 9 of 36
Monthly Financial Report May 2011
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 ‐ ‐ ‐ ‐ 13,455 12,150 ‐
Grants / intergovernmental 19,569 ‐ 122,607 ‐ ‐ 41,891 ‐
Charges for services 45,380 541,378 6,250,104 4,535,817 3,066,503 2,745,223 5,311,812
Interdepartmental services ‐ ‐ ‐ 87,340 54,509 162,613 ‐
Fines and penalties ‐ ‐ ‐ ‐ ‐ ‐ ‐
Rents, leases, and misc f ees 946,174 96,485 29,770 59,288 ‐ ‐ ‐
Interest and other misc 4,785 611 7,480 185,163 123,881 71,977 940
TOTAL REVENUES 1,015,908 638,474 6,409,961 4,867,608 3,258,348 3,033,854 5,312,752
EXPENSES:
Utility billing ‐ ‐ 49,411 66,176 35,621 57,448 ‐
Utility systems ‐ ‐ 5,212,610 1,141,409 1,005,184 874,765 ‐
Utility maintenance ‐ ‐ 101,637 1,828,239 497,731 668,369 5,271,568
Transportation 456,937 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 696,228 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 456,937 696,228 5,363,658 3,035,824 1,538,536 1,600,582 5,271,568
AMOUNT AVAILABLE FOR DEBT SERVICE 558,971 (57,754) 1,046,303 1,831,784 1,719,812 1,433,272 41,184
DEBT SERVICE:
Principal ‐ 9,984 ‐ ‐ ‐ ‐ ‐
Interest and other debt service costs ‐ 127 ‐ ‐ ‐ ‐ ‐
TOTAL DEBT SERVICE ‐ 10,111 ‐ ‐ ‐ ‐ ‐
CAPITAL PROJECTS 123,200 124,506 ‐ 406,327 1,243,376 501,970 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 435,771 (192,371) 1,046,303 1,425,457 476,436 931,302 41,184
BEGINNING FUND BALANCE, January 1, 2011 1,361,349 888,604 961,788 6,775,527 681,616 3,273,863 671,616
ENDING FUND BALANCE, May 31, 2011 1,797,120 696,233 2,008,091 8,200,984 1,158,052 4,205,165 712,800
Page 10 of 36
Monthly Financial Report May 2011
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 ‐ 27,176 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ ‐ 146,334 ‐ ‐ ‐ 37,673
Charges for services
Equipment rental m&o 900,954 863,012 ‐ ‐ ‐ ‐ ‐
Telecommunications ‐ 158,227 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 44,444 ‐ 163,853 ‐ ‐ ‐
Communications ‐ ‐ ‐ 239,876 ‐ ‐ ‐
Facilities ‐ ‐ 1,715,408 ‐ ‐ ‐ ‐
Data ca rds and cell phones ‐ 62,555 ‐ ‐ ‐ ‐ ‐
IT service contracts ‐ 130,656 ‐ ‐ ‐ ‐ ‐
Interest and other misc 8,946 3,550 575 150 9,431 10,482 6,891
Internal service fund misc:
Vehicle / equipment capital recovery 466,098 391,156 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 648,422 ‐ ‐
Worker's compensation / unemployment ‐ ‐ ‐ ‐ 553,573 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 4,296,975 1,663,583
Other misc 1,057 1,243 5,276 ‐ 3,234 257,877 ‐
Capital contributions 20,854 ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 74,955 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 29,675 6,526 3,695
TOTAL REVENUES 1,472,864 1,682,019 1,867,593 403,879 1,244,335 4,571,860 1,711,842
EXPENSES:
Communications 224,046
Equipment rental 941,220
Facilities 1,720,810
Healthcare 3,870,182
Information technology 1,186,200
Print and mail 148,922
Retiree healthcare 308,055
Risk management
Risk management 1,240,955
Unemployment 76,962
Worker's compensation 502,022
TOTAL EXPENSES 941,220 1,186,200 1,720,810 372,968 1,819,939 3,870,182 308,055
AMOUNT AVAILABLE FOR CAPITAL 531,644 495,819 146,783 30,911 (575,604) 701,678 1,403,787
CAPITAL PROJECTS 297,145 67,563 113,283 ‐ ‐ ‐ ‐
TRANSFERS IN ‐ ‐ ‐ ‐ ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND B ALANCE 234,499 428,256 33,500 30,911 (575,604) 701,678 1,403,787
BEGINNING FUND BALANCE, January 1, 2011 5,293,107 1,949,165 241,046 70,214 6,690,024 6,201,894 3,371,037
ENDING FUND BALANCE, May 31, 2011 5,527,606 2,377,421 274,546 101,125 6,114,420 6,903,572 4,774,824
Page 11 of 36
Monthly Financial Report May 2011
FUND BALANCE
Page 13 shows the ending fund balance as of May 2011. The City’s fund balance is a combination of current deficit/surplus
of funds which have accrued from unexpended operating budgets and 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 May, the City has $18.2 million reported in combined general governmental fund balance of the current year’s
operating budget, which is approximately 18% of budgeted operating expenditures. This is a decrease of $6.8 million from
the beginning balance of January 1, 2011. May’s ending fund balance is over the anticipated General Governmental Fund
Balance of $15.7 million by $2.5 million. Although the ending fund balance is above projections, it is consistent with the
prior years’ trends since the City receipted the first half of 2011 property taxes in April and May. We expect the fund
balance to decrease but be in line with the projected fund balance after May and continue to decrease until we receive the
second half of 2011 property taxes in October and November.
CONTACT INFORMATION
This report is prepared by the Finance Division of the FIT 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 iwang@rentonwa.gov.
Page 12 of 36
Monthly Financial Report May 2011
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through May 31, 2011
Funds
Balance
01/01/2011
Budgeted
Revenue
Revenue
05/31/11
Total Funds
Available
Budgeted
Expenditure
Expenditure
05/31/11 Ending Balance
GENERAL GOVERNMENT FUNDS:11,407,119 98,647,849 44,974,654 56,381,773 100,698,924 38,187,394 18,194,379
000 General 9,477,148 71,881,012 26,759,149 36,236,297 74,195,956 30,577,469 5,658,828
001 Community Services 631,801 10,829,491 6,719,712 7,351,513 10,790,815 3,758,834 3,592,679
003 Street 116,298 8,402,117 6,048,288 6,164,586 8,300,564 3,243,206 2,921,380
004 Community Dev Block Grant (55,231) 501,728 117,437 62,206 370,272 101,320 (39,114)
005 Museum 66,830 195,966 196,065 262,895 208,407 86,914 175,981
006 Library 47,347 2,030,000 2,030,678 2,078,025 2,030,000 12,619 2,065,406
009 Farmers Market 81,630 67,500 29,629 111,259 62,875 14,562 96,697
010 Fire Memorial 1,251 ‐ 620 1,871 ‐ ‐ 1,871
011 Fire Health & Wellness 24,072 25,000 9,782 33,854 25,000 2,090 31,764
031 Pa rk Memorial 176,950 ‐ 277 177,227 ‐ ‐ 177,227
201 Ltd GO Bonds Gen Govt Debt 312,938 1,983,075 1,664,125 1,977,063 1,983,075 ‐ 1,977,063
215 Gen Govt Misc Debt Service 526,085 2,731,960 1,398,892 1,924,977 2,731,960 390,380 1,534,597
SPECIAL REVENUE FUNDS:
102 Arterial Street 171,720 620,000 241,142 412,862 620,000 ‐ 412,862
108 Leased City Properties 759,594 748,060 240,363 999,957 614,457 211,388 788,569
110 Hotel Motel 212,950 245,000 136,179 349,129 275,000 107,884 241,245
118 Reserve for Paths & Trails 3,299 ‐ 5 3,304 ‐ ‐ 3,304
125 1% For Art 136,830 32,000 209 137,039 68,257 12,000 125,039
127 Cable Communication 171,358 85,000 66,192 237,550 221,301 15,377 222,173
135 Springbrook Wetlands Bank 660,524 ‐ 1,055 661,579 ‐ ‐ 661,579
DEBT SERVICE FUNDS:
219 1989 Unlimited GO Bonds ‐ ‐ ‐ ‐ ‐ ‐ ‐
CAPITAL PROJECT FUNDS (CIP):
303 Community Dev Mitigation 1,343,877 60,000 7,968 1,351,845 400,000 ‐ 1,351,845
304 Fire Mitigation 1,929,477 100,000 24,014 1,953,491 529,056 ‐ 1,953,491
305 Transportation Mitigation 1,119,954 250,000 52,406 1,172,360 999,494 ‐ 1,172,360
316 Municipal Facilities CIP 5,759,297 13,948,558 201,832 5,961,129 19,281,499 708,953 5,252,176
317 Transportation CIP 3,808,080 24,295,301 3,164,795 6,972,875 28,007,800 4,995,975 1,976,900
318 So Lake WA Infrastructure Proj 58,522 ‐ 86 58,608 58,000 5,241 53,367
326 Housing Opportunity 163,787 ‐ 214 164,001 160,000 17,500 146,501
ENTERPRISE FUNDS:
402 Airport 1,295,036 432,010 558,193 1,853,229 1,125,756 456,937 1,396,292
403 Solid Waste Utility 961,788 15,015,942 6,409,962 7,371,750 14,951,710 5,363,658 2,008,092
404 Golf Course 630,924 2,483,545 638,064 1,268,988 2,504,738 762,225 506,763
422 Airport Capital 66,313 3,433,408 457,716 524,029 3,003,521 123,200 400,829
424 Golf Course Capital 257,680 100,000 42,079 299,759 220,000 110,289 189,470
INTERNAL SERVICE FUNDS:
501 Equipment Repair/Replacement 5,293,107 3,211,401 1,472,864 6,765,971 4,407,337 1,238,365 5,527,606
502 Insurance 6,690,024 3,178,883 1,244,335 7,934,359 3,018,564 1,819,939 6,114,420
503 Information Services 1,949,165 4,119,051 1,682,018 3,631,183 5,633,307 1,253,763 2,377,420
504 Facilities 241,046 4,243,673 1,867,593 2,108,639 4,256,261 1,834,093 274,546
505 Communications 70,214 953,941 403,879 474,093 957,746 372,969 101,124
512 Insurance, Healthcare 6,201,894 11,248,058 4,571,860 10,773,754 10,844,696 3,870,182 6,903,572
522 Insurance, Leoff1 Retirees HC 3,371,037 2,935,684 1,711,842 5,082,879 2,261,732 308,055 4,774,824
FIDUCIARY FUNDS:
611 Firemen's Pension 4,286,248 300,000 2,418 4,288,666 565,475 121,052 4,167,614
Funds
Balance
01/01/2011
Budgeted
Revenue
Revenue
05/31/11
Total Funds
Available
Budgeted
Expenditure
Expenditure
05/31/11 Ending Balance
ENTERPRISE FUNDS: COMBINED UTILITIES 11,402,622 46,660,496 16,472,562 27,875,184 50,069,800 13,598,182 14,277,002
405 Water Utility 4,695,116 9,680,689 3,632,926 8,328,042 10,521,313 3,045,475 5,282,567
406 Waste Water Utility 681,616 4,931,139 2,249,216 2,930,832 5,141,813 1,538,535 1,392,297
407 Surface Water Utility 1,462,126 5,353,933 2,305,875 3,768,001 5,092,613 1,600,583 2,167,418
416 King County Metro 671,616 13,156,760 5,312,752 5,984,368 13,156,760 5,271,568 712,800
425 Water Utility Construction 2,064,638 4,997,301 1,234,657 3,299,295 6,067,301 396,675 2,902,620
426 Waste Water Construction ‐ 3,845,000 1,009,132 1,009,132 3,790,000 1,243,376 (234,244)
427 Surface Water Construction 1,811,737 4,695,674 727,979 2,539,716 6,300,000 501,970 2,037,746
461 Waterworks Bond Reserve ‐ ‐ ‐ ‐ ‐ ‐ ‐
471 Waterworks Ra te Stabilization 15,773 ‐ 25 15,798 ‐ ‐ 15,798
481 Future W/S Bond Proceeds ‐ ‐ ‐ ‐ ‐ ‐ ‐
Note: Waterworks Utility Funds are managed as a system and are designated by the dotted lines.
Page 13 of 36
City of Renton
General Government Financial Position
2011 Budget Year
General Government Summary
Revenues Expenditures
$ Difference
over (under)
w/beginning
balance
11,407,119
January 5,379,006 6,990,159 (1,611,153) 9,795,966
February 11,050,241 15,756,416 (4,706,175) 6,700,944
March 16,654,842 23,321,083 (6,666,241) 4,740,878
April 30,062,704 30,363,594 (300,889) 11,106,230
May 44,974,654 38,187,393 6,787,261 18,194,380
June
July
August
September
October
November
December
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
60,000,000
70,000,000
80,000,000
90,000,000
100,000,000
Change in Fund
Balance
Rev/Exp Revenues
Expenditures
Change in Fund Balance
(9,000,000)
(8,000,000)
(7,000,000)
(6,000,000)
(5,000,000)
(4,000,000)
(3,000,000)
(2,000,000)
(1,000,000)
‐
1,000,000
‐
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Page 14 of 36
City of Renton
Monthly Revenue Analysis ‐ 2011 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 5,718,467 5,379,006 ‐5.94%
Feb 10,948,617 11,050,241 0.93%
Mar 16,340,245 16,654,842 1.93%
Apr 29,160,205 30,062,704 3.09%
May 44,802,036 44,974,654 0.39%
Jun 52,308,936
Jul 58,115,828
Aug 63,394,366
Sep 68,304,823
Oct 80,862,453
Nov 95,145,717
Dec 98,647,849
Percent of budget 45.59%
YTD Annual %
$‐
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
Millions
Total Revenue
General Government
Budget
Actual
Last Year
$33
Millions Property Tax
Property Tax Budget Actual over (under)
Jan 222,520 505,501 127.17%
Feb 498,052 841,695 69.00%
Mar 1,055,236 1,586,980 50.39%
Apr 7,832,248 9,205,472 17.53%
May 16,721,331 17,054,953 2.00%
Jun 16,838,319
Jul 16,927,805
Aug 17,079,566
Sep 17,579,783
Oct 24,763,004
Nov 31,792,494
Dec 32,046,525
Percent of budget 53.22%
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
Budget
Actual
Last Year
Page 15 of 36
City of Renton
Monthly Revenue Analysis ‐ 2011 Budget Year
Sales Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,568,911 1,498,057 ‐4.52%
Feb 3,521,649 3,683,690 4.60%
Mar 5,022,242 5,136,541 2.28%
Apr 6,546,191 6,539,777 ‐0.10%
May 8,255,967 8,305,195 0.60%
Jun 9,842,667
Jul 11,428,235
Aug 13,153,559
Sep 14,798,459
Oct 16,517,368
Nov 18,234,679
Dec 19,879,280
Percent of budget 41.78%
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 1,449,257 1,363,023 ‐5.95%
Feb 2,751,779 2,811,298 2.16%
Mar 4,098,738 4,292,138 4.72%
Apr 5,420,381 5,662,856 4.47%
May 6,702,223 6,954,386 3.76%
Jun 7,923,403
Jul 9,116,434
Aug 10,307,012
Sep 11,443,772
Oct 12,636,818
Nov 13,794,401
Dec 15,166,600
Percent of budget 45.85%
Note: Includes Natural Gas Use Tax.
$0
$2
$4
$6
$8
$10
$12
$14
$16
Budget
Actual
Last Year
Page 16 of 36
City of Renton
Monthly Revenue Analysis ‐ 2011 Budget Year
Licenses &
Permits Budget
YTD
Actual
Annual %
over (under)
Jan 469,355 185,889 ‐60.39%
Feb 583,113 322,341 ‐44.72%
Mar 741,647 539,342 ‐27.28%
Apr 1,010,644 778,404 ‐22.98%
May 1,187,535 957,261 ‐19.39%
Jun 1,393,028
Jul 1,693,253
Aug 1,895,469
Sep 2,064,907
Oct 2,302,673
Nov 2,462,856
Dec 2,612,987
Percent of budget 36.63%
Note: Includes Fund 318.
YTD Annual % Millions
Intergovernmental
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
$2.10
$2.40
$2.70
Millions Licenses & Permits
Budget
Actual
Last Year
Intergovt'l Budget Actual over (under)
Jan 560,812 565,843 0.90%
Feb 1,138,089 1,079,643 ‐5.14%
Mar 1,728,228 1,648,102 ‐4.64%
Apr 2,719,803 2,707,888 ‐0.44%
May 5,009,895 5,258,407 4.96%
Jun 7,625,994
Jul 8,030,080
Aug 8,706,820
Sep 9,171,364
Oct 9,807,862
Nov 12,991,227
Dec 11,355,853
Percent of budget 46.31%
Note: Includes CJ Sales Tax.
$‐
$1
$2
$3
$4
$5
$6
$7
$8
$9
$10
$11
$12
$13
$14
Millions
Budget
Actual
Last Year
Page 17 of 36
City of Renton
Monthly Revenue Analysis ‐ 2011 Budget Year
Charges for
Services Budget
YTD
Actual
Annual %
over (under)
Jan 447,067 323,609 ‐27.62%
Feb 884,119 786,123 ‐11.08%
Mar 1,363,364 1,257,415 ‐7.77%
Apr 2,006,320 1,778,657 ‐11.35%
May 2,526,347 2,308,859 ‐8.61%
Jun 3,132,602
Jul 3,941,618
Aug 4,487,827
Sep 4,949,440
Oct 5,447,614
Nov 5,842,063
Dec 6,366,817
Percent of budget 36.26%
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 223,938 165,721 ‐26.00%
Feb 434,759 430,461 ‐0.99%
Mar 694,630 746,372 7.45%
Apr 968,114 1,039,081 7.33%
May 1,225,734 1,297,817 5.88%
Jun 1,573,479
Jul 1,812,769
Aug 2,098,788
Sep 2,307,490
Oct 2,555,419
Nov 2,852,584
Dec 3,170,351
Percent of budget 40.94%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Budget
Actual
Last Year
Page 18 of 36
City of Renton
Monthly Revenue Analysis ‐ 2011 Budget Year
Other Taxes Budget
YTD
Actual
Annual %
over (under)
Jan 595,443 628,259 5.51%
Feb 855,646 880,840 2.94%
Mar 1,219,558 1,132,303 ‐7.15%
Apr 1,961,768 1,796,896 ‐8.40%
May 2,361,633 2,186,455 ‐7.42%
Jun 2,680,858
Jul 3,689,243
Aug 4,034,287
Sep 4,234,389
Oct 4,989,833
Nov 5,266,491
Dec 6,075,921
Percent of budget 35.99%
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 181,164 143,105 ‐21.01%
Feb 280,604 213,343 ‐23.97%
Mar 413,428 312,474 ‐24.42%
Apr 527,586 386,523 ‐26.74%
May 643,655 483,606 ‐24.87%
Jun 817,044
Jul 994,876
Aug 1,102,019
Sep 1,226,190
Oct 1,312,806
Nov 1,379,867
Dec 1,444,459
Percent of budget 33.48%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60 Budget
Actual
Last Year
Page 19 of 36
City of Renton
Monthly Revenue Analysis ‐ 2011 Budget Year
Other
Financing Budget
YTD
Actual
Annual %
over (under)
Jan ‐ ‐ N/A
Feb 808 808 0.00%
Mar 3,175 3,175 0.00%
Apr 167,151 167,151 0.00%
May 167,716 167,716 0.00%
Jun 481,541
Jul 481,515
Aug 529,019
Sep 529,030
Oct 529,056
Nov 529,056
Dec 529,056
Percent of budget 31.70%
YTD Annual % Millions
Real Estate Excise Tax
$‐
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
Millions Other Financing Sources
Budget
Actual
Last Year
REET Budget Actual over (under)
Jan 64,803 161,911 149.85%
Feb 162,288 261,588 61.19%
Mar 443,274 403,288 ‐9.02%
Apr 699,373 514,275 ‐26.47%
May 896,426 671,794 ‐25.06%
Jun 1,070,698
Jul 1,206,778
Aug 1,397,066
Sep 1,508,909
Oct 1,675,542
Nov 1,860,141
Dec 2,240,000
Percent of budget 29.99%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
Millions
Budget
Actual
Last Year
Page 20 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2011 Budget Year
General
Government Budget
YTD
Actual
Annual %
over (under)
Jan 7,065,580 6,990,159 ‐1.07%
Feb 16,776,018 15,756,416 ‐6.08%
Mar 24,390,079 23,321,083 ‐4.38%
Apr 32,049,704 30,363,594 ‐5.26%
May 40,151,324 38,187,393 ‐4.89%
Jun 51,021,851
Jul 59,559,649
Aug 67,994,010
Sep 76,171,177
Oct 83,637,985
Nov 91,825,635
Dec 100,698,925
Percent of budget expended 37.92%
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 22,689 22,021 ‐2.94%
Feb 46,076 44,576 ‐3.26%
Mar 69,607 67,521 ‐3.00%
Apr 93,677 89,659 ‐4.29%
May 116,993 112,072 ‐4.21%
Jun 140,280
Jul 163,146
Aug 186,174
Sep 208,887
Oct 230,365
Nov 253,583
Dec 277,834
Percent of budget expended 40.34%
$‐
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Budget
Actual
Last Year
Page 21 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2011 Budget Year
Executive Budget
YTD
Actual
Annual %
over (under)
Jan 107,124 112,718 5.22%
Feb 236,884 229,987 ‐2.91%
Mar 364,848 346,789 ‐4.95%
Apr 492,060 480,072 ‐2.44%
May 616,193 605,772 ‐1.69%
Jun 735,255
Jul 865,752
Aug 985,602
Sep 1,122,608
Oct 1,245,595
Nov 1,362,997
Dec 1,484,762
Percent of budget expended 40.80%
YTD Annual %
$‐
$0.30
$0.60
$0.90
$1.20
$1.50
$1.80
Millions Executive
Budget
Actual
Last Year
$0 80
Millions City Clerk
City Clerk Budget Actual over (under)
Jan 51,492 49,604 ‐3.67%
Feb 103,964 98,230 ‐5.52%
Mar 160,688 154,386 ‐3.92%
Apr 280,719 315,627 12.43%
May 380,999 369,865 ‐2.92%
Jun 435,251
Jul 485,774
Aug 534,200
Sep 583,630
Oct 678,087
Nov 727,878
Dec 790,484
Percent of budget expended 46.79%
$‐
$0.20
$0.40
$0.60
$0.80
Budget
Actual
Last Year
Page 22 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2011 Budget Year
Hearing
Examiner Budget
YTD
Actual
Annual %
over (under)
Jan 14,528 14,189 ‐2.33%
Feb 28,905 21,908 ‐24.21%
Mar 43,154 23,616 ‐45.27%
Apr 57,736 25,472 ‐55.88%
May 71,939 28,865 ‐59.87%
Jun 86,324
Jul 100,917
Aug 115,153
Sep 129,406
Oct 143,109
Nov 157,369
Dec 171,929
Percent of budget expended 16.79%
YTD Annual % $1 60
Millions City Attorney
$‐
$30,000
$60,000
$90,000
$120,000
$150,000
$180,000
Hearing Examiner
Budget
Actual
Last Year
City Attorney Budget Actual over (under)
Jan 103,073 130,446 26.56%
Feb 244,580 264,464 8.13%
Mar 396,154 395,280 ‐0.22%
Apr 541,694 528,480 ‐2.44%
May 682,825 657,439 ‐3.72%
Jun 823,807
Jul 963,283
Aug 1,105,997
Sep 1,241,400
Oct 1,376,729
Nov 1,510,648
Dec 1,600,531
Percent of budget expended 41.08%
$‐
$0.40
$0.80
$1.20
$1.60 Budget
Actual
Last Year
Page 23 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2011 Budget Year
Court Services Budget
YTD
Actual
Annual %
over (under)
Jan 173,836 163,613 ‐5.88%
Feb 352,836 326,156 ‐7.56%
Mar 539,914 490,833 ‐9.09%
Apr 719,707 661,478 ‐8.09%
May 898,391 831,527 ‐7.44%
Jun 1,082,682
Jul 1,266,794
Aug 1,444,260
Sep 1,625,297
Oct 1,787,517
Nov 1,960,773
Dec 2,148,421
Percent of budget expended 38.70%
YTD Annual %
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
$2.20
Millions Court Services
Budget
Actual
Last Year
Millions
Community & Economic
Dl Ad iCED Admin Budget Actual over (under)
Jan 74,575 77,455 3.86%
Feb 157,835 155,007 ‐1.79%
Mar 237,058 232,560 ‐1.90%
Apr 315,978 310,112 ‐1.86%
May 394,187 387,665 ‐1.65%
Jun 472,083
Jul 549,691
Aug 627,009
Sep 704,035
Oct 777,925
Nov 853,594
Dec 929,263
Percent of budget expended 41.72%
$‐
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
$0.90
$1.00
Millions Development Admin
Budget
Actual
Last Year
Page 24 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2011 Budget Year
Development
Services Budget
YTD
Actual
Annual %
over (under)
Jan 283,014 231,587 ‐18.17%
Feb 559,091 474,633 ‐15.11%
Mar 825,857 716,400 ‐13.25%
Apr 1,094,888 953,343 ‐12.93%
May 1,362,438 1,220,807 ‐10.40%
Jun 1,623,270
Jul 1,887,072
Aug 2,135,783
Sep 2,409,450
Oct 2,652,185
Nov 2,904,084
Dec 3,164,064
Percent of budget expended 38.58%
Economic YTD Annual %
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Millions
Development Services
Budget
Actual
Last Year
Millions
Economic Development
Development Budget Actual over (under)
Jan 51,933 68,491 31.88%
Feb 121,356 123,830 2.04%
Mar 181,420 179,805 ‐0.89%
Apr 236,072 234,834 ‐0.52%
May 299,359 297,953 ‐0.47%
Jun 359,523
Jul 429,586
Aug 488,281
Sep 557,248
Oct 615,465
Nov 680,540
Dec 745,313
Percent of budget expended 39.98%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
Millions
Budget
Actual
Last Year
Page 25 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2011 Budget Year
Planning Budget
YTD
Actual
Annual %
over (under)
Jan 110,790 104,320 ‐5.84%
Feb 218,683 258,972 18.42%
Mar 334,314 348,727 4.31%
Apr 439,437 475,330 8.17%
May 559,927 581,947 3.93%
Jun 718,541
Jul 835,766
Aug 973,934
Sep 1,145,112
Oct 1,281,210
Nov 1,381,332
Dec 1,545,279
Percent of budget expended 37.66%
YTD Annual % $2 40
Millions Finance
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
Millions
Planning
Budget
Actual
Last Year
Finance Budget Actual over (under)
Jan 186,686 155,421 ‐16.75%
Feb 341,891 315,453 ‐7.73%
Mar 517,662 467,036 ‐9.78%
Apr 674,058 620,994 ‐7.87%
May 865,088 770,959 ‐10.88%
Jun 1,023,874
Jul 1,187,649
Aug 1,354,267
Sep 1,520,593
Oct 1,632,415
Nov 1,777,248
Dec 2,101,797
Percent of budget expended 36.68%
$‐
$0.40
$0.80
$1.20
$1.60
$2.00
$2.40 Budget
Actual
Last Year
Page 26 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2011 Budget Year
Human
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 78,566 86,565 10.18%
Feb 155,480 155,437 ‐0.03%
Mar 237,774 221,683 ‐6.77%
Apr 319,048 282,721 ‐11.39%
May 399,386 342,697 ‐14.19%
Jun 483,070
Jul 565,498
Aug 647,359
Sep 729,334
Oct 806,895
Nov 882,317
Dec 977,884
Percent of budget expended 35.04%
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 2,300,854 2,369,174 2.97%
Feb 4,975,525 4,383,450 ‐11.90%
Mar 7,489,363 7,075,221 ‐5.53%
Apr 9,965,388 8,969,395 ‐9.99%
May 12,372,160 11,112,660 ‐10.18%
Jun 15,119,628
Jul 17,670,174
Aug 20,219,584
Sep 22,892,770
Oct 25,166,744
Nov 28,038,602
Dec 31,032,228
Percent of budget expended 35.81%
$‐
$3
$6
$9
$12
$15
$18
$21
$24
$27
$30
$33
Budget
Actual
Last Year
Page 27 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2011 Budget Year
Fire &
Emergency
Services Budget
YTD
Actual
Annual %
over (under)
Jan 1,894,040 1,754,253 ‐7.38%
Feb 4,464,519 4,132,293 ‐7.44%
Mar 6,244,191 5,900,678 ‐5.50%
Apr 7,913,923 7,652,583 ‐3.30%
May 9,636,531 9,538,569 ‐1.02%
Jun 11,386,741
Jul 13,170,370
Aug 14,956,836
Sep 16,745,399
Oct 18,390,379
Nov 20,227,278
Dec 22,045,916
Percent of budget expended 43.27%
Community
Services YTD Annual %
$‐
$3
$6
$9
$12
$15
$18
$21
$24
Millions Fire & Emergency Services
Budget
Actual
Last Year
$1 20
Millions Community Services Admin
Admin Budget Actual over (under)
Jan 24,324 33,774 38.85%
Feb 69,640 67,558 ‐2.99%
Mar 104,515 102,208 ‐2.21%
Apr 139,380 136,129 ‐2.33%
May 174,090 170,164 ‐2.26%
Jun 208,871
Jul 243,499
Aug 277,165
Sep 311,080
Oct 344,763
Nov 378,350
Dec 412,476
Percent of budget expended 41.25%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Budget
Actual
Last Year
Page 28 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2011 Budget Year
Parks Budget
YTD
Actual
Annual %
over (under)
Jan 239,087 261,191 9.24%
Feb 514,533 527,048 2.43%
Mar 810,460 799,401 ‐1.36%
Apr 1,116,871 1,109,451 ‐0.66%
May 1,440,935 1,422,731 ‐1.26%
Jun 1,782,886
Jul 2,144,016
Aug 2,551,900
Sep 2,893,918
Oct 3,240,517
Nov 3,551,772
Dec 3,928,721
Percent of budget expended 36.21%
Parks
Planning and YTD Annual %
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
Millions Parks
Budget
Actual
Last Year
$0 60
Millions Parks Planning and Natural Resources
Natural Budget Actual over (under)
Jan 48,516 34,349 ‐29.20%
Feb 97,031 69,260 ‐28.62%
Mar 145,547 109,668 ‐24.65%
Apr 194,062 150,610 ‐22.39%
May 242,578 204,169 ‐15.83%
Jun 291,093
Jul 339,609
Aug 388,124
Sep 436,640
Oct 485,155
Nov 533,671
Dec 582,186
Percent of budget expended 35.07%
$‐
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60 Budget
Actual
Last Year
Page 29 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2011 Budget Year
Recreation Budget
YTD
Actual
Annual %
over (under)
Jan 295,489 361,259 22.26%
Feb 635,715 702,382 10.49%
Mar 1,005,407 1,058,705 5.30%
Apr 1,348,862 1,408,767 4.44%
May 1,717,169 1,763,066 2.67%
Jun 2,116,097
Jul 2,772,458
Aug 3,488,144
Sep 3,976,930
Oct 4,329,768
Nov 4,783,906
Dec 5,178,448
Percent of budget expended 34.05%
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 59,293 53,756 ‐9.34%
Feb 126,188 118,956 ‐5.73%
Mar 198,582 177,533 ‐10.60%
Apr 390,623 369,358 ‐5.44%
May 474,289 499,658 5.35%
Jun 553,794
Jul 757,937
Aug 837,909
Sep 900,588
Oct 1,060,018
Nov 1,161,722
Dec 1,363,272
Percent of budget expended 36.65%
$‐
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
Budget
Actual
Last Year
Page 30 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2011 Budget Year
Neighborhood
s, Resources,
and Events Budget
YTD
Actual
Annual %
over (under)
Jan 41,830 36,383 ‐13.02%
Feb 85,281 73,402 ‐13.93%
Mar 128,860 110,686 ‐14.10%
Apr 173,464 157,589 ‐9.15%
May 228,231 198,703 ‐12.94%
Jun 290,830
Jul 376,730
Aug 426,476
Sep 473,127
Oct 511,361
Nov 548,937
Dec 688,984
Percent of budget expended 28.84%
YTD Annual % $2 50
Millions Library Fund
$‐
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
Neighborhoods, Resources, and Events
Budget
Actual
Last Year
Library Fund Budget Actual over (under)
Jan 2,619 2,619 0.00%
Feb 5,119 5,119 0.00%
Mar 7,619 7,619 0.00%
Apr 10,119 10,119 0.00%
May 12,619 12,619 0.00%
Jun 1,015,000
Jul 1,184,167
Aug 1,353,333
Sep 1,522,500
Oct 1,691,667
Nov 1,860,833
Dec 2,030,000
Percent of budget expended 0.62%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
Budget
Actual
Last Year
Page 31 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2011 Budget Year
Museum Fund Budget
YTD
Actual
Annual %
over (under)
Jan 16,891 17,146 1.51%
Feb 34,473 34,638 0.48%
Mar 51,858 51,915 0.11%
Apr 69,554 69,499 ‐0.08%
May 87,464 86,914 ‐0.63%
Jun 105,332
Jul 122,835
Aug 140,126
Sep 157,397
Oct 174,522
Nov 191,345
Dec 208,407
Percent of budget expended 41.70%
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 36,310 37,289 2.70%
Feb 74,186 74,538 0.47%
Mar 112,901 111,889 ‐0.90%
Apr 154,191 149,219 ‐3.22%
May 191,427 187,166 ‐2.23%
Jun 228,374
Jul 266,290
Aug 306,966
Sep 342,897
Oct 378,232
Nov 415,139
Dec 454,179
Percent of budget expended 41.21%
$‐
$0.20
$0.40
$0.60
Budget
Actual
Last Year
Page 32 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2011 Budget Year
Street
Maintenance Budget
YTD
Actual
Annual %
over (under)
Jan 292,781 279,841 ‐4.42%
Feb 594,598 597,149 0.43%
Mar 892,291 894,017 0.19%
Apr 1,214,569 1,168,482 ‐3.79%
May 1,516,549 1,455,914 ‐4.00%
Jun 1,833,551
Jul 2,172,817
Aug 2,501,620
Sep 2,789,645
Oct 3,081,338
Nov 3,362,752
Dec 3,693,925
Percent of budget expended 39.41%
Transportatio YTD Annual %
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
Millions Street Maintenance
Budget
Actual
Last Year
$6
Millions Transportation
n Budget Actual over (under)
Jan 331,107 308,560 ‐6.81%
Feb 719,617 689,957 ‐4.12%
Mar 1,114,917 1,101,787 ‐1.18%
Apr 1,488,522 1,429,170 ‐3.99%
May 1,869,361 1,787,292 ‐4.39%
Jun 2,262,793
Jul 2,606,257
Aug 3,030,111
Sep 3,405,716
Oct 3,807,825
Nov 4,176,065
Dec 4,606,639
Percent of budget expended 38.80%
$‐
$1
$2
$3
$4
$5
$6
Budget
Actual
Last Year
Page 33 of 36
City of Renton
Monthly Expenditure Analysis ‐ 2011 Budget Year
Debt Service Budget
YTD
Actual
Annual %
over (under)
Jan 4,600 4,600 0.00%
Feb 254,918 254,918 0.00%
Mar 390,380 390,380 0.00%
Apr 390,380 390,380 0.00%
May 390,380 390,380 0.00%
Jun 2,357,518
Jul 2,750,437
Aug 3,143,357
Sep 3,536,276
Oct 3,929,196
Nov 4,322,115
Dec 4,715,035
Percent of budget expended 8.28%
Non‐
Departmental YTD Annual % $5 00
Millions Non‐Departmental Other City Services
$‐
$2
$4
$6
$8
$10
$12
Millions Debt Service
Budget
Actual
Last Year
Other City Budget Actual over (under)
Jan 219,534 219,534 0.00%
Feb 1,557,092 1,557,092 0.00%
Mar 1,784,740 1,784,740 0.00%
Apr 2,214,722 2,214,722 0.00%
May 3,149,818 3,149,818 0.00%
Jun 3,485,382
Jul 3,681,128
Aug 3,774,340
Sep 3,809,294
Oct 3,819,004
Nov 3,820,784
Dec 3,820,946
Percent of budget expended 82.44%
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00 Budget
Actual
Last Year
Page 34 of 36
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2011 Budget Year
Utilities Budget Revenue Expense
Jan 3,432,048 4,058,961 2,857,743
Feb 7,863,617 8,549,030 7,011,826
Mar 11,121,543 13,634,112 11,834,545
Apr 17,414,953 18,015,133 15,336,879
May 21,543,781 22,882,500 18,961,840
Jun 29,860,612
Jul 37,518,040
Aug 42,011,852
Sep 47,249,783
Oct 52,752,037
Nov 57,466,891
Dec 65,021,510
Percent of budget expended 20.75%
Note: Operations and Capital
$0
$10
$20
$30
$40
$50
$60
$70
Millions Utilities
Budget
Revenue
Expense
$4 50
Millions Airport
Airport Budget Revenue Expense
Jan 218,852 209,097 131,908
Feb 498,982 403,084 236,317
Mar 755,905 600,802 352,561
Apr 985,741 829,701 480,730
May 1,254,433 1,015,908 580,136
Jun 1,548,024
Jul 1,778,232
Aug 2,062,285
Sep 2,401,670
Oct 3,216,748
Nov 3,508,481
Dec 4,129,277
Percent of budget expended 14.05%
Note: Operations and Capital
$‐
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
Budget
Revenue
Expense
Page 35 of 36
City of Renton
Monthly Enterprise Fund Financial Report ‐ 2011 Budget Year
Golf Course Budget Revenue Expense
Jan 152,642 64,531 126,007
Feb 320,835 154,907 258,005
Mar 548,995 255,829 534,432
Apr 693,450 406,663 682,305
May 890,179 680,144 872,514
Jun 1,146,318
Jul 1,320,887
Aug 1,487,532
Sep 1,662,841
Oct 1,987,022
Nov 2,125,704
Dec 2,724,738
Percent of budget expended 32.02%
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 36 of 36