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HomeMy WebLinkAbout201601, JanuaryADMINISTRATIVE SERVICES  DEPARTMENT    M   E   M   O   R   A   N   D   U   M       DATE: April 19, 2016     TO: Randy Corman, Council President  Members of the Renton City Council     CC: Denis Law, Mayor  Administrators     FROM: Hai Nguyen, Sr. Finance Analyst     SUBJECT: January 2016 Financial Status Report       At the end of January, general governmental revenues show $1.5 million or 25.8% over budget.   Revenue source(s) that are higher than expected are: sales tax ($116k); utility taxes ($237k);  real estate excise taxes ($500k); building permits & development service fees ($320k).  January  did not have any revenues that were $100k under budget.    General government expenditures showed a favorable variance of $218k or 2.5%.  See page 10  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 $% Beginning Fund Balance 17,454,261$     17,454,261$  17,565,282$       17,565,282$  13,433,567$    13,433,567$ 19,962,845$   6,529,278      48.6% OPERATING REVENUES Property Tax 35,295,390        (101,807)           36,369,429          67,234                37,213,314       3,065                  44,745                41,681             1360.1% Sales  Tax 21,512,379        1,607,045        23,439,266          1,758,332        23,999,421       1,862,249       1,978,530         116,281          6.2% Sales  Tax ‐ Annexation Credit 2,542,394           189,313            2,778,858             208,322             2,748,167          205,359            234,180             28,821             14.0% Criminal Justice Sa les  Tax 2,267,947           175,648            2,484,718             187,139             2,580,795          197,001            204,149             7,148                3.6% Natural Gas Use Tax 271,485                27,591               228,899                  25,336                268,000               29,664               23,504                (6,160)                ‐20.8% Admission Tax 310,311                80,243               309,790                  83,675                320,000               84,589               76,393                (8,196)                ‐9.7% Franchise  Fees 1,342,269            ‐                         1,349,154             333,343             1,260,000          307,326            348,118             40,792             13.3% Electricity Tax 5,167,444           564,525            5,012,962             340,429             4,946,019          439,660            509,539             69,879             15.9% Natural  Gas Utility Tax 1,562,341           247,355            1,437,552             190,306             1,350,900          197,086            187,353             (9,733)                ‐4.9% Garbage/Solid Waste 573,457                24,516               638,073                  10,033                580,000               16,540               50,860                34,320             207.5% TV Cable 1,518,821           130,277            1,591,866             134,496             1,629,365          138,687            139,333             646                     0.5% Telephone 909,088                37,115               880,233                  108,404             952,500               77,463               64,249                (13,214)             ‐17.1% Cellular Phone 1,951,925           20,557               1,674,355             60,518                1,671,056          37,361               98,316                60,956             163.2% City Utilities 3,961,052           321,183            4,183,165             329,827             4,208,377          336,397            325,580             (10,818)             ‐3.2% Utility Tax Audit 460,513                 ‐                         1,962,092              ‐                          ‐                            ‐                         111,227             111,227          100.0% Leasehold Excise  Tax 171,470                ‐                         163,314                  ‐                          179,000               ‐                         ‐                          ‐                       0.0% Gambling Excise  Tax 1,650,384           131,776            2,299,156             158,293             1,600,000          117,510            189,749             72,239             61.5% Real Estate Excise  Tax 4,348,762           162,143            4,595,166             226,377             4,000,000          704,460            1,204,479         500,019          71.0% Less: CIP REET (1,650,000)          (30,753)              (1,401,300)            (56,594)              (2,000,000)         (602,240)          (602,240)            ‐                       0.0% EMS Levy ‐                            ‐                         936,406                  ‐                          946,000               ‐                         ‐                          ‐                       0.0% B&O Taxes ‐                            ‐                         ‐                              ‐                          5,000,000          ‐                         ‐                          ‐                       0.0% Less: CIP B&O Taxes ‐                            ‐                         ‐                              ‐                          (2,000,000)         ‐                         ‐                          ‐                       0.0% Business License Fees 2,965,850           597,369            3,125,740             588,093             1,811,000          352,446            559,894             207,448          58.9% Less: CIP Business License Fees (2,450,295)          (494,305)           (2,584,164)            (486,463)           (1,509,000)         (293,970)          (463,802)            (169,832)         57.8% Animal  Licenses and Spec Events  Permits 95,698                   8,798                  101,743                  9,230                   91,000                  8,794                  6,640                   (2,154)                ‐24.5% Building Permits & Development Svc Fees 4,519,234           432,890            6,077,055             260,603             5,173,368          341,282            661,363             320,081          93.8% Intergovt'l (Grants, State Shared, etc) 5,438,901           670,461            4,053,617             313,654             3,652,084          377,723            385,671             7,949                2.1% Fire District 25 and 40 Contracts 5,959,428           ‐                         6,369,132             ‐                          6,128,712          ‐                         ‐                          ‐                       0.0% Public Safety 844,375                117,639            649,797                  58,509                630,135               74,126               104,644             30,518             41.2% Culture and Recreation 1,485,123           69,522               1,587,878             117,124             1,778,093          107,996            163,783             55,787             51.7% Interfund/Interdept‐Services 3,270,503           301,808            3,106,430             265,068             3,766,874          313,906            272,841             (41,065)            ‐13.1% Fines  and Penalties 962,977                75,041               848,052                  3,147                   1,126,500          48,751               5,140                   (43,611)            ‐89.5% Photo Enforcement 1,719,971           61,721               2,171,184             121,709             2,194,000          103,426            131,281             27,855             26.9% Seizure Funds  ‐ Federal/State/Local 68,870                   ‐                         21,676                     ‐                          50,000                  ‐                         ‐                          ‐                       0.0% Interests and Other Earnings 981,630                9,492                  973,208                  50,846                875,300               27,017               51,219                24,202             89.6% Rents, Leases, and Concessions 711,070                151,689            762,361                  156,463             545,116               114,005            149,010             35,005             30.7% Contributions and Donations 113,626                5,625                  147,292                  7,247                   97,000                  4,785                  ‐                          (4,785)                ‐100.0% Other Miscellaneous 879,105                116,513            941,127                  66,484                705,630               64,250               101,726             37,476             58.3% Other Fi nancing Sources  (Transfer ‐In, etc) 48,632                    ‐                         270,224                   ‐                          250,000               20,833               ‐                          (20,833)             ‐100.0% Total Operating Revenues 111,782,133     5,710,991        119,555,505       5,697,180        118,818,726    5,817,550       7,317,475         1,499,924      25.8% OPERATING EXPENDITURES Council 309,317                23,569               320,877                  32,033                348,161               30,718               34,732                (4,014)                ‐13.1% Executive 1,338,738           76,257               1,691,189             80,465                1,772,884          91,702               192,359             (100,657)         ‐109.8% City Attorney 1,829,254           135,206            1,791,167             151,100             2,213,353          175,034            157,485             17,549             10.0% Court Services 2,016,273           159,512            2,013,364             151,935             2,187,710          169,086            163,432             5,654                3.3% Community and Eco  Dvlpmnt Admin 1,010,761           83,232               1,183,052             88,408                1,163,302          91,015               95,028                (4,013)               ‐4.4% Development Services 2,659,078           216,780            2,632,264             201,493             3,051,790          241,239            212,162             29,077             12.1% Economic Development 654,007                36,443               658,515                  43,127                902,274               54,699               50,235                4,464                8.2% Planning 2,095,706           123,910            2,606,551             197,905             3,243,237          221,962            203,948             18,013             8.1% Finance 2,644,827           161,643            3,132,812             171,705             2,927,787          168,923            220,501             (51,578)            ‐30.5% City Clerk 1,152,246           62,855               1,027,084             55,655                1,151,870          62,637               67,195                (4,557)               ‐7.3% Human Resources 922,668                63,751               1,182,629             66,108                1,372,669          84,669               89,683                (5,014)               ‐5.9% Police 26,383,640        2,307,080        28,144,699          2,351,965        30,007,426       2,563,913       2,427,387         136,526          5.3% Jail Services 3,760,273           313,190            4,142,266             344,859             4,703,000          391,994            391,994             ‐                       0.0% Fire 25,240,760        2,561,083        26,536,999          2,067,851        27,970,913       2,500,601       2,291,374         209,227          8.4% Community Services  Admin 480,727                36,113               509,439                  41,417                562,434               44,038               52,449                (8,410)                ‐19.1% Parks 4,070,181           271,473            4,411,383             291,345             5,025,610          333,489            302,959             30,530             9.2% Parks Planning & Natural Resources 722,739                43,855               808,558                  46,145                1,125,443          66,146               46,446                19,700             29.8% Recreation 4,823,195           278,944            5,087,811             338,282             5,338,949          332,493            330,010             2,483                0.7% Human Services 1,159,189           47,594               1,225,835             46,455                1,212,606          47,817               81,352                (33,535)             ‐70.1% Neighborhoods, Resources, & Events 875,223                57,193               958,624                  57,115                1,049,871          65,441               66,354                (913)                    ‐1.4% Museum 214,291                16,819               227,094                  18,605                235,281               18,883               19,061                (178)                    ‐0.9% Public Works  Admin 389,493                31,793               387,493                  31,422                413,579               33,648               33,119                529                     1.6% Street Maintenance 4,503,315           311,026            5,061,723             387,644             5,349,313          390,736            400,277             (9,540)               ‐2.4% Transportation 4,263,725           278,181            4,975,059             300,741             5,159,047          323,277            356,191             (32,914)            ‐10.2% Debt Service 8,393,140           51,520               6,371,715             48,139                6,248,676          44,758               44,758                ‐                       0.0% Non‐Departmental and Other 9,758,346           298,065            10,069,740          455,629             3,638,924          294,800            294,800             ‐                       0.0% Total Operating Expenditures 111,671,112     8,047,088        117,157,942       8,067,548        118,376,109    8,843,720       8,625,290         218,430          2.5% Total Ending Fund Balance 17,565,282$     15,118,164$  19,962,846$       15,194,914$  13,876,184$    10,407,397$ 18,655,030$   8,247,632$   79.2% Summary of Sources and  Uses Annual Actual YTD Actual Favorable (Unfavorable) 2014 2015 2016 Variance Annual Actual YTD Actual Annual Budget YTD Budget YTD Actual      Monthly Financial Report January 2016 Page 1 of 37 Monthly Financial Report January 2016      OVERVIEW  This financial overview reflects the City’s overall financial position for the fiscal year through January 31, 2016.  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 two years.  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 68% of all  resources supporting general governmental activities.   The following section provides detail information on property, sales,  utility, and other taxes.    Property Tax  January’s collection is $45k or  0.1% of the total budget.  In  comparison to the previous year,  the City collected $22k or 33%  less.  Compared to the budget,  the City is above projections by  $42k.                              Sales Tax  January 2016 sales tax receipts  totaled $2 million.  Compared  with the same month last year, it  is $220k or 13% more.  Compared  to the projected current month’s  budget, it is $116k or 6% above.   New Construction and  Manufacturing are the sectors  that are collecting more than  anticipated.  2016’s monthly  budgets are generally based on  2010 through 2015 collections.  2015 2016 2016 Actual Budget Actual $ % $ % Jan 67,234$            3,065$               44,745$            (22,489)$            ‐33% 41,681$            1360% Feb 307,006            373,244             Mar 939,218            1,074,259         Apr 10,160,118     8,131,093         May 7,583,868        9,072,513         Jun 147,318            34,492                Jul 65,395               518,865             Aug 94,817               439,220             Sep 561,525            520,828             Oct 6,263,616        8,267,195         Nov 9,975,046        7,836,248         Dec 204,271            942,291             YTD  Total 67,234$            3,065$               44,745$            (22,489)$            ‐33% 41,681$            1360% Annual Total 36,369,429$  37,213,314$   Property Tax  Revenues Year  to Date through January 2016 vs. 2015 2016 vs. Budget Month 2015 2016 2016 Actual Budget Actual $ % $ % Jan 1,758,332$     1,862,249$     1,978,530$     220,198$         13% 116,281$         6% Feb 2,260,395        2,291,583         ‐                          Mar 1,674,147        1,777,535        ‐                          Apr 1,750,506        1,766,278        ‐                          May 1,977,843        2,098,153        ‐                          Jun 1,677,458        1,842,450        ‐                          Jul 1,866,949        1,907,549        ‐                          Aug 2,178,289        2,108,862        ‐                          Sep 2,100,591        2,030,965        ‐                          Oct 2,014,951        2,100,010        ‐                          Nov 2,158,753        2,153,518        ‐                          Dec 2,021,053        2,060,268        ‐                          YTD  Total 1,758,332$     1,862,249$     1,978,530$     220,198$         13% 116,281$         6% Annual  Total 23,439,266$  23,999,421$   2016 vs. Budget2016 vs. 2015 Month Year to Date through January Local Retail Sales  Tax  Revenues Page 2 of 37 Monthly Financial Report January 2016      The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business  sectors:                      Utility tax   January utility tax revenues are  $1.5 million, which is $310k or  26% higher than the same month  last year and is also higher than  the budget by $237k or 19%.                          The table below breaks out Utility Tax by source.          2015 2016 2016 Actual Budget Actual $ % $ % Jan 1,199,348$     1,272,858$     1,509,960$     310,612$         26% 237,102$         19% Feb 1,371,771        1,418,341         Mar 1,544,060        1,553,221         Apr 1,263,898        1,221,113         May 1,262,764        1,307,620         Jun 1,815,284        1,318,211         Jul 2,175,167        1,165,160         Aug 1,351,000        1,299,385         Sep 1,214,144        1,203,343         Oct 1,204,406        1,193,676         Nov 1,342,058        1,262,186         Dec 1,865,296        1,391,102         YTD  Total 1,199,348$     1,272,858$     1,509,960$     310,612$         26% 237,102$         19% Annual  Total 17,609,196$  15,606,217$   2016 vs. Budget2016 vs. 2015 Year to Da te through January Utility Tax Revenues Month Sales Tax  by Sector 2015 2016 Bgt YTD Act Change 2016/2015 2016 Act  vs  Bgt New Construction 191,976$         251,994$         297,334$         105,358$       55%$           45,340 18% Auto  Sales 349,695            369,025            402,664            52,969             15%              33,639 9% General Retail 575,147            581,494            567,819            (7,329)               ‐1%            (13,675)‐2% Manufacturing 127,033            114,294            174,190            47,157             37%              59,896 52% Wholesale 103,449            95,324               86,478               (16,971)            ‐16%               (8,846)‐9% Service 364,561            408,220            405,236            40,675             11%               (2,984)‐1% Other 46,470               41,898               44,809               (1,661)               ‐4%                 2,911 7% YTD  Total 1,758,332$     1,862,249$     1,978,530$     220,198$       13%116,281$        6% Note: Excludes  Annexation  Credit and Criminal Justice Sales  Tax  revenue. Utility Tax  by Type 2015 2016 Bgt YTD Act Change 2016/2015  2016 Act  vs  Bgt  Electrical 340,429$         439,660$         509,539$         169,111$       50%$           69,879 16% Natural  Gas 215,642            226,750            210,857            (4,785)               ‐2%            (15,893)‐7% Cell 60,518               37,361               98,316               37,798             62%              60,956 163% Phone 108,404            77,463               64,249               (44,154)            ‐41%            (13,214)‐17% Cable 134,496            138,687            139,333            4,837                4%                      646 0% Garbage/Solid Waste 10,033               16,540               50,860               40,827             407%              34,320 208% City Utilities 329,827            336,397            325,580            (4,247)               ‐1%            (10,818)‐3% Utility Tax  Audit ‐                              ‐                              111,227            111,227          100%           111,227 100% YTD  Total 1,199,348$     1,272,858$     1,509,960$     310,612$       26%237,102$        19% Annual Total 17,609,196$  15,606,217$   YTD  as % of 7%8% Page 3 of 37 Monthly Financial Report January 2016      Other Taxes     Real Estate Excise Tax  The City collected $1.2 million in  Real Estate Excise Tax revenues  (REET) for January.  This is $978k  or 432% more than the same  month last year and is also $500k  or 71% more than the current  month’s budget.  The higher than  expected variance is due to 8  large transactions in December  which accounts for $854k of the  total REET collected.                Gambling Tax  January’s Gambling Tax  collections totaled $190k, which is  $31k or 20% above the same  month last year and is also above  the current month’s budget by  $72k or 61%.      Pull tabs overall had a 27%  decrease, bingo had a 33%  decrease (bingo establishment  closed December 2015), and card‐ rooms are seeing 36% higher in  activities when compared to the  prior year.            Franchise Fees  Franchise Fees are due quarterly  in January, April, July, and  October.  The year‐to‐date total  of $348k is $15k or 4% higher  than the prior year and is also  $41k or 13% above the projected  year‐to‐date budget.  2015 2016 2016 Actual Budget Actual $ % $ % Jan 226,377$         704,460$         1,204,479$     978,102$         432% 500,019$         71% Feb 158,616            237,131             Mar 343,579            187,332             Apr 438,485            510,495             May 394,014            215,578             Jun 478,186            395,655             Jul 563,474            297,091             Aug 281,921            223,867             Sep 449,693            230,975             Oct 497,978            318,080             Nov 325,743            142,144             Dec 437,098            537,191             YTD  Total 226,377$         704,460$         1,204,479$     978,102$         432% 500,019$         71% Annual  Total 4,595,166$     4,000,000$      Real Estate Excise  Tax  Revenues Year  to Date through January Month 2016 vs. Budget2016 vs. 2015 2015 2016 2016 Actual Budget Actual $ % $ % Jan 158,293$         117,510$         189,749$         31,457$            20% 72,239$            61% Feb 184,189            128,540             ‐                          Mar 169,262            130,833            ‐                          Apr 207,646            126,243            ‐                          May 183,090            130,206            ‐                          Jun 174,036            125,477            ‐                          Jul 194,895            128,616            ‐                          Aug 226,785            144,692            ‐                          Sep 180,986            129,810            ‐                          Oct 215,119            150,141            ‐                          Nov 212,838            149,793            ‐                          Dec 192,018            138,138            ‐                          YTD  Total 158,293$         117,510$         189,749$         31,457$            20% 72,239$            61% Annual  Total 2,299,156$     1,600,000$      Gambling Tax  Revenue Month Year  to Date through January 2016 vs. Budget2016 vs. 2015 2015 2016 2016 Actual Budget Actual $ % $ % Jan 333,343$         307,326$         348,118$         14,775$            4% 40,792$            13% Apr 335,218            308,402             ‐                          Jul 340,657            311,290            ‐                          Oct 339,936            309,807            ‐                          Dec ‐                        23,175               ‐                          YTD  Total 333,343$         307,326$         348,118$         14,775$            4% 40,792$            13% Annual  Total 1,349,154$     1,260,000$      Month 2016 vs. 2015 2016 vs. Budget Franchise  Fees  Revenue Year  to Date through January Page 4 of 37 Monthly Financial Report January 2016      Admission Tax   Admission Tax returns are due  quarterly in January, April, July,  and October of each year.   January 2016 collections  represent activities conducted  during the 4th quarter of 2015.   The year‐to‐date collection of  $76k is $7k or 9% less than the  prior year and is also $8k or 10%  less than the budget.              Business & Occupation Tax  Business and Occupation (B&O)  Tax is a new revenue source for  the City in 2016.  It was adopted  by the Council in the 2015/2016  biennial budget.  Businesses with  gross receipts of $1.5 million or  more per year, earned within the  City of Renton, will be required to  file and pay B&O tax, in lieu of the  Per Employee Fee, which is  currently reported as Business  License revenue.  Businesses that  are required to pay B&O tax do  not pay the Per Employee Fee and  businesses that do not meet the  $1.5 million threshold, will  continue to pay the Per Employee Fee.  Depending on the business size, some businesses will be paying B&O tax on quarterly  basis and others will be paying annually.  April 2016 is the first collection month for quarterly B&O filers.  Annual filers will not  pay their first B&O payment until 2017, once they have a full years’ worth of revenue activity to report.      Licenses and Permits    Business Licenses  Business Licenses totaled $560k  for January, which is $28k or 5%  below the same month last year  but is $207k or 59% above the  current month’s budget.  The  annual budget was decreased due  to the City adopting the Business  and Occupation Tax for 2016.     2015 2016 2016 Actual Budget Actual $ % $ % Jan 83,675$            84,589$            76,393$            (7,282)$               ‐9% (8,196)$               ‐10% Feb 1,371                  707                       ‐                          Mar 106                       55                          ‐                          Apr 65,108               71,870               ‐                          May 1,523                  786                       ‐                          Jun ‐                        75                          ‐                          Jul 82,804               83,565               ‐                          Oct 75,167               78,334               ‐                          Nov 35                          18                          ‐                          YTD  Total 83,675$            84,589$            76,393$            (7,282)$               ‐9% (8,196)$               ‐10% Annual  Total 309,790$         320,000$          2016 vs. Budget Admission Tax  Revenue Year to Date through January Month 2016 vs. 2015 2015 2016 2016 Actual Budget Actual $ % $ % Jan ‐$                           ‐$                           ‐$                            Feb ‐                        ‐                         ‐                          Mar ‐                        ‐                         ‐                          Apr ‐                        1,666,667        ‐                          May ‐                        ‐                         ‐                          Jun ‐                        ‐                         ‐                          Jul ‐                        1,666,667        ‐                          Aug ‐                        ‐                         ‐                          Sep ‐                        ‐                         ‐                          Oct ‐                        1,666,667        ‐                          Nov ‐                        ‐                         ‐                          Dec ‐                        ‐                         ‐                          YTD Total ‐$                           ‐$                           ‐$                           ‐$                           N/A ‐$                           N/A Annual  Total ‐$                           5,000,000$      *Total Business & Occupation Taxes (GF & CIP) Business & Occupation  Taxes* Year to Date through January Month 2016 vs. 2015 2016 vs. Budget 2015 2016 2016 Actual Budget Actual $ % $ % Jan 588,093$         352,446$         559,894$         (28,199)$            ‐5% 207,448$         59% Feb 222,022            109,398             ‐                          Mar 26,067               16,194               ‐                          Apr 513,360            318,272            ‐                          May 167,985            75,750               ‐                          Jun 25,663               19,444               ‐                          Jul 645,791            381,556            ‐                          Aug 134,328            68,456               ‐                          Sep 29,333               17,246               ‐                          Oct 637,451            373,662            ‐                          Nov 117,394            67,012               ‐                          Dec 18,254               11,564               ‐                          YTD  Total 588,093$         352,446$         559,894$         (28,199)$           ‐5% 207,448$         59% Annual  Total 3,125,740$     1,811,000$      *Total Business License (GF & CIP) 2016 vs. 2015 Year  to Date through January 2016 vs. Budget Business Licenses* Month Page 5 of 37 Monthly Financial Report January 2016      Building Permits and  Development Service Fees  Building Permits and  Development Service Fee  revenues totaled $661k in  January.  This is $401k or 154%  more than the year before and is  also $320k or 94% higher than  budget.  The large variance in  January is due to large payments  for building permits (Southport  Developer and Group Health  Projects).                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 90% of the total  revenues in this category.   The year‐to‐date total Intergovernmental revenue is $590k or 4% of the budget.       State Shared Revenues  State Shared Revenue  collections totaled $531k  since the start of the year.   Compared to the prior year,  State Shared Revenues are  above by $92k or 21%.   Compared to the projected  budget, the City is collecting  $21k or 4% more.  The  higher than expected  collection is due to  collecting more than  anticipated Criminal  Justice’s Sales Tax and  Criminal Justice’s High Crime.         2015 2016 2016 Actual Budget Actual $ % $ % Jan 260,603$         341,282$         661,363$         400,760$         154% 320,081$         94% Feb 328,557            364,818             Mar 275,826            319,009             Apr 655,282            492,468             May 235,121            291,407             Jun 1,024,848        723,808             Jul 873,549            585,030             Aug 454,971            378,288             Sep 586,213            478,819             Oct 462,191            425,333             Nov 427,863            326,114             Dec 492,031            446,990             YTD  Total 260,603$         341,282$         661,363$         400,760$         154% 320,081$         94% Annual  Total 6,077,055$     5,173,368$      Year to Date through January 2016 vs. Budget2016 vs. 2015 Month Building Permits and Development Service  Fees Intergovernmental 2015 2016 Bgt YTD  Act Change  2016/2015 2016 Act  vs Bgt  Fire  District #25 ‐$                           ‐$                           ‐$                           ‐$                         N/A  $                          ‐ N/A Fire  District #40 ‐                               ‐                               ‐                               ‐                            N/A ‐                            N/A State  Shared Revenue 439,424            509,950            531,010            91,586             21% 21,060             4% Federal Grants 5,632                  0                             ‐                              (5,632)              0%‐                            0% State  Grants ‐                              0                             ‐                              ‐                            N/A ‐                            0% Other Grants/Intgovt 55,736               64,774               58,810               3,074                6% (5,963)                ‐9% ARRA Grants ‐                              0                             ‐                              ‐                            N/A ‐                            0% Total  Rev YTD 500,793$         574,724$         589,820$         89,028$          18%15,097$           3% Total  Rev Annual 13,842,673$  13,307,591$   YTD  %4%4%4% Note:  Includes CJ Sales  Tax  and FD25 & FD40 contracts 2015 2016 2016 Actual Budget Actual $ % $ % Crim Just Sales  Tax 187,139$         197,001$         204,149$         17,010$            9% 7,148$               4% Judicial Contribution ‐                         ‐                         ‐                         ‐                         N/A ‐                        N/A Crim Just ‐ High Crime 62,861               59,003               77,796               14,935               24% 18,793               32% Crim Just ‐ Pop 6,345                  5,837                  6,626                  281                       4% 789                       14% Crim Just ‐ Spec Prog 23,311               21,663               24,226               915                       4% 2,563                  12% State DUI 4,272                  4,636                  3,873                  (399)                      ‐9% (762)                      ‐16% Marijuana  Enforcement ‐                        ‐                         ‐                         ‐                         N/A ‐                        N/A Liquor Profits ‐                        ‐                         ‐                         ‐                         N/A ‐                        N/A Liquor Excise  Tax 48,351               110,628            104,339            55,989               116% (6,288)                  ‐6% Fuel Tax 107,145            111,183            110,001            2,856                  3% (1,182)                  ‐1% YTD Total 439,424$         509,950$         531,010$         91,586$            21% 21,060$            4% Annual  Total 5,439,235$     5,672,795$      State  Shared Revenues 2016 vs. 2015 Revenue Year  to Date through January 2016 vs. Budget Page 6 of 37 Monthly Financial Report January 2016      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 68%  of the total revenue in this category.  The year‐to‐date total charges for services are $641k or 8% of the budget.  The following  sections provide detail information for Public Safety, Recreation, and Interfund Services.      Public Safety Services  Public Safety Services totaled  $105k since the start of the year.   These services include private  security, adult probation services,  monitoring of prisoners, and  intergovernmental public safety  services (non‐grants).  Compared  to the prior year, the City is  collecting $46k or 79% more.   Compared to the year‐to‐date  budget, the City is over budget by  $31k or 41%.               Recreation  Recreation revenues totaled  $164k for the current month.   Compared to the same month the  prior year, the City collected $47k  or 40% more.  Compared to the  projected monthly budget, the  City collected $56k or 52% more.   The variance with the prior year  and monthly budget is due to a  change in how the recreation  class revenues are recorded.  The  City is now recognizing class  revenues as the classes begin  instead of when they are paid.   The City currently has $98k in  class revenues to be recognized as  soon as the classes begin.           2015 2016 2016 Actual Budget Actual $ % $ % Jan 58,509$            74,126$            104,644$         46,135$            79% 30,518$            41% Feb 42,228               36,766                ‐                          Mar 62,481               44,821                ‐                          Apr 146,715            77,816               ‐                          May 55,309               38,231               ‐                          Jun 33,004               59,020               ‐                          Jul 39,540               40,294               ‐                          Aug 59,046               51,865               ‐                          Sep 23,104               28,310               ‐                          Oct 33,339               94,331               ‐                          Nov 46,384               35,303               ‐                          Dec 51,339               49,254               ‐                          YTD  Total 58,509$            74,126$            104,644$         46,135$            79% 30,518$            41% Annual  Total 650,997$         630,135$          2016 vs. Budget Month 2016 vs. 2015 Year  to Date through January Public Safety Services 2015 2016 2016 Actual Budget Actual $ % $ % Jan 117,124$         107,996$         163,783$         46,659$            40% 55,787$            52% Feb 30,177               57,312                ‐                          Mar 35,946               59,253                ‐                          Apr 91,404               156,624            ‐                          May 64,015               98,820               ‐                          Jun 227,942            231,605            ‐                          Jul 428,943            432,581            ‐                          Aug 313,197            323,551            ‐                          Sep 119,720            138,191            ‐                          Oct 55,478               74,116               ‐                          Nov 61,601               56,695               ‐                          Dec 42,331               41,348               ‐                          YTD  Total 117,124$         107,996$         163,783$         46,659$            40% 55,787$            52% Annual  Total 1,587,878$     1,778,093$      2016 vs. Budget2016 vs. 2015 Month Recreation Year to Date through January Page 7 of 37 Monthly Financial Report January 2016      Interfund Services  The year‐to‐date collections for  Interfund Services revenues are  $273k.  Compared to the prior  year, the revenues are over by  $8k or 3%.  Compared to the  projected budget, the revenues  are below by $41k or 13%.  2016’s  monthly budgets are based on  1/12th of the annual budget.  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, Parks Planning  and Natural Resources division’s  capital investment program reimbursements, Transportation division’s capital investment program reimbursements, and  Maintenance division’s street maintenance reimbursements.      Fines and Penalties  These revenue sources contain  civil (penalties, infractions, and  parking), criminal (traffic, non‐ traffic, and costs), and non‐court  fines, forfeitures, and penalties.   The table below breaks down  these fines by type.  The year‐to‐ date total fines and penalties is  $136k.  This is $12k or 9% higher  than a year ago but is $16k or 10%  below the budget.  The reason for  the variance with the budget is  due to a change in accounting for  December 2014’s revenue.  In the  past we would record December  through November, but starting in  2015 we are recording January  through December.  2016’s budget is based on 2014/2015 activity.                              2015 2016 2016 Actual Budget Actual $ % $ % Jan 265,068$         313,906$         272,841$         7,774$               3% (41,065)$            ‐13% Feb 264,413            313,906             ‐                          Mar 260,071            313,906             ‐                          Apr 248,466            313,906            ‐                          May 260,774            313,906            ‐                          Jun 292,480            313,906            ‐                          Jul 252,451            313,906            ‐                          Aug 248,774            313,906            ‐                          Sep 247,822            313,906            ‐                          Oct 283,145            313,906            ‐                          Nov 257,874            313,906            ‐                          Dec 225,093            313,906            ‐                          YTD  Total 265,068$         313,906$         272,841$         7,774$               3% (41,065)$            ‐13% Annual  Total 3,106,430$     3,766,874$      2016 vs. Budget Month Interfund Services Year  to Date through January 2016 vs. 2015 2015 2016 2016 Actual Budget Actual $ % $ % Jan 124,856$         152,177$         136,421$         11,565$            9% (15,756)$            ‐10% Feb 213,981            215,466             Mar 275,737            281,062             Apr 245,206            298,933             May 257,217            273,396             Jun 268,116            288,287             Jul 221,949            246,930             Aug 280,257            313,023             Sep 272,343            299,806             Oct 260,327            290,029             Nov 281,222            333,431             Dec 318,027            327,959             YTD  Total 124,856$         152,177$         136,421$         11,565$            9% (15,756)$            ‐10% Annual  Total 3,019,236$     3,320,500$      Month 2016 vs. Budget2016 vs. 2015 Year  to Da te through January Fines  and Penalties by Month Year  to Date through January 2015 2016 2016 Actual Budget Actual $ % $ % Civil Penalties ‐$                           942$                    ‐$                           ‐$                           N/A (942)$                  0% Civil Infraction Penalties ‐                        26,467               ‐                         ‐                         N/A (26,467)              0% Civil Parking Infraction Penalties ‐                        9,175                  ‐                         ‐                         N/A (9,175)                 0% Photo Enforcement  Program 121,709            103,426            131,281            9,572                  8% 27,855               27% Criminal Traffic  Misdemeanor  Fines ‐                        4,882                  ‐                         ‐                         N/A (4,882)                 0% Criminal Non‐Traffic  Fines ‐                        1,430                  ‐                         ‐                        N/A (1,430)                 0% Criminal Costs ‐                        4,376                  ‐                         ‐                         N/A (4,376)                 0% Non‐Court Fines, Forfeitures  and Penalties 3,147                  1,478                  5,140                  1,993                  63% 3,662                  248% YTD Total 124,856$         152,177$         136,421$         11,565$            9% (15,756)$            ‐10% Annual  Total 3,019,236$     3,320,500$      Revenue 2016 vs. Budget Fines  and Penalties by Type 2016 vs. 2015 Page 8 of 37 Monthly Financial Report January 2016      Included in the Fines and Penalties revenue  budget is $2.2 million from the Photo  Enforcement program.  The monthly budget is  based on the prior year’s revenue.  The year‐to‐ date collections from this program equates to  $131k.      The associated costs includes the equipment  provided by American Traffic Solutions, Inc.  (ATS), dedicated 1 FTE 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  50% pro tem budget and interpreter costs  amounts to $320k for personnel costs.  The  total costs for the program equates to $1.1  million which is represented in the table.  Due  to the timing of when the invoice was received,  January 2016’s equipment rental cost was recorded in February.      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 77% of  the total revenue in this category.   The year‐to‐date total  miscellaneous is $259k.   Compared to last year, the  revenues are below by $11k or  4%.  Compared to the projected  year‐to‐date budget, the revenues  are over by $71k or 38%.           2015 2016 2016 Actual Budget Actual $ % $ % Jan 269,664$         188,129$         258,876$         (10,789)$            ‐4% 70,746$            38% Feb 135,539            93,042                Mar 182,386            117,720             Apr 132,893            81,460                May 144,753            97,064                Jun 215,629            191,018             Jul 189,913            59,333                Aug 199,969            124,538             Sep 139,977            302,554             Oct 173,512            118,474             Nov 148,227            109,398             Dec 435,114            386,687             YTD  Total 269,664$         188,129$         258,876$         (10,789)$            ‐4% 70,746$            38% Annual  Total 2,367,576$     1,869,416$      Year  to Date through January Month 2016 vs. Budget2016 vs. 2015 Miscellaneous  Revenues  by Month Favorable 16 Budget 16 Actual 16  Budget 16 Actual (Unfavorable)1 Jan 103,426$         131,281$         89,912$            26,662$            104,619$          Feb 124,175             ‐                         89,912                ‐                         ‐                          Mar 170,255            ‐                         89,912               ‐                         ‐                          Apr 187,598            ‐                         89,912               ‐                         ‐                          May 163,442            ‐                         89,912               ‐                         ‐                          Jun 186,599            ‐                         89,912               ‐                         ‐                          Jul 164,807            ‐                         89,912               ‐                         ‐                          Aug 221,543            ‐                         89,912               ‐                         ‐                          Sep 213,406            ‐                         89,912               ‐                         ‐                          Oct 195,225            ‐                         89,912               ‐                         ‐                          Nov 218,318            ‐                         89,912               ‐                         ‐                          Dec 245,205            ‐                         89,912               ‐                         ‐                          YTD  Total 103,426$         131,281$         89,912$            26,662$            104,619$          Annual Total 2,194,000$     1,078,943$      1Actuals  of Revenues and Expenses Photo Enforcement Program Year to Date through January Month Revenues Expenses 2 0 1 52 0 1 62 0 1 6 Actual Budget Actual $ % $ % Interests and Other Earnings 50,846$            27,017$            51,219$            373$                    1% 24,202$            90% Rents, Leases, and Concessions 156,463            114,005            149,010            (7,453)                  ‐5% 35,005               31% Contributions/Donations  from Private Sources 7,247                  4,785                  ‐                         (7,247)                 0% (4,785)                 0% Other 55,109               42,322               58,647               3,538                  6% 16,325               39% Seizure Funds ‐ Federal/State/Local ‐                        ‐                         ‐                         ‐                         N/A ‐                        N/A YTD  Total 269,664$         188,129$         258,876$         (10,789)$           ‐4% 70,746$            38% Annual Total 2,367,576$     1,869,416$      2016 vs. Budget Miscellaneous  Revenues by Type Year to Date through January Revenue 2016 vs. 2015 Page 9 of 37 Monthly Financial Report January 2016      EXPENSES  Overall the City has expended 7% of its budgeted general governmental expenditures at the end of January.  This is $218k or  2.5% below year‐to‐date budgeted expenditures.  See below for summary of unfavorable items for general governmental  departments.    Council department is over the year‐to‐date budget by $4k or 13.1%.  This is due to the timing of when National League of Cities  membership was paid in 2014 (February).    Executive department is over the year‐to‐date budget by $101k or 109.8%.  This is due to the timing of when Sound Cities  Ass & AWC memberships were corrected in 2015 (August).    Administrative Services (Finance and City Clerk) department is over the year‐to‐date budget by $56k or 24.2%.  This is due  to vacancies in 2014/2015 and 2015 utility tax audit services paid in 2016 with no budget (will be requested during carry  forward).    Human Resources & Risk Management (Human Resources) department is over the year‐to‐date budget by $5k or 5.9%.   This is due to the timing of when various HR related law/compliance publications renewals were paid compared to  2014/2015.    Public Works (Street Maintenance and Transportation) department is over the year‐to‐date budget by $42k or 5.6%.  This is  due to the timing of when Surface Water utility charges updated (April 2014) and vacancies/spending patterns in  2014/2015.       Page 10 of 37 Monthly Financial Report January 2016      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.  The negative beginning fund balance for the Golf Course fund is due to receiving less than anticipated user fees in  2015.  This negative balance will be corrected at the end of 2016 due to the Golf Course making its final payment for debt  service (interfund loan) in 2015.  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 ‐                  ‐                  ‐                  ‐                  6,400              5,000              ‐                   Grants  / intergovernmental 158,586          ‐                  ‐                  ‐                  ‐                  200,000          ‐                   Charges  for services 9,210              44,743            1,559,560       1,248,241       847,694          960,903          1,399,604        Interdepartmental  services ‐                 ‐                  ‐                  ‐                  ‐                  ‐                  ‐                   Fines  and penalties 464                 ‐                  ‐                  ‐                  76                   ‐                  ‐                   Rents, leases, and misc fees 210,593          23,488            ‐                  6,569              ‐                  ‐                  ‐                   Interest and other misc 484                 75                   1,158              43,578            47,682            21,599            1,349               TOTAL REVENUES 379,337          68,306            1,560,718       1,298,388       901,852          1,187,502       1,400,953        EXPENSES: Utility billing ‐                  ‐                  13,164            10,988            10,526            18,414             ‐                   Utility systems ‐                  ‐                  200,469          261,642          253,037          297,755           ‐                   Utility maintenance ‐                  ‐                  24,443            358,441          127,775          202,489          1,255,138        Transportation 102,054           ‐                  ‐                  ‐                  ‐                  ‐                  ‐                   Golf ‐                 114,189          ‐                  ‐                  ‐                  ‐                  ‐                   TOTAL EXPENSES 102,054          114,189          238,076          631,071          391,338          518,658          1,255,138        AMOUNT AVAILABLE FOR DEBT SERVICE 277,283          (45,883)          1,322,642       667,317          510,514          668,844          145,815           DEBT SERVICE: Principal ‐                  ‐                  ‐                  ‐                  ‐                  ‐                  ‐                   Interest ‐                 ‐                  ‐                  ‐                  ‐                  43,337            ‐                   TOTAL DEBT SERVICE ‐                 ‐                  ‐                  ‐                  ‐                  43,337            ‐                   CAPITAL PROJECTS ‐                 ‐                  ‐                  11,926            6,706              17,506            ‐                   TRANSFERS IN/(OUT)‐                 ‐                  ‐                  ‐                  ‐                  ‐                  ‐                   CHANGE  IN FUND BALANCE 277,283          (45,883)          1,322,642       655,391          503,808          608,001          145,815           BEGINNING FUND BALANCE, Jan 1 1,144,749       (110,056)        2,151,456       22,681,621     11,636,515     10,682,778     3,992,378        ENDING FUND BALANCE, Jan 31 1,422,032       (155,939)        3,474,098       23,337,012     12,140,323     11,290,779     4,138,193            Page 11 of 37 Monthly Financial Report January 2016      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 ‐               27,035          ‐                ‐                     ‐                ‐                ‐                 Grants  / intergovernmental ‐               ‐                ‐                ‐                     ‐                ‐                ‐                 Charges  for services Equipment rental  m&o 231,661       304,192       ‐                ‐                     ‐                ‐                ‐                 Print and mail ‐               4,419           ‐                35,649               ‐                ‐                ‐                 Communications ‐               ‐                ‐                49,930               ‐                ‐                ‐                 Facilities ‐               ‐                412,702       ‐                     ‐                ‐                ‐                 Data  cards  and cell  phones ‐               13,453         ‐                ‐                     ‐                ‐                ‐                 IT service contracts ‐               41,038         ‐                ‐                     ‐                ‐                ‐                 Interest and other misc 1,919           825              473              201                    4,405           2,541           3,004            Internal service fund misc: Vehicle  / equipment capital  recovery 268,618       12,261         ‐                ‐                     ‐                ‐                ‐                 Insurance premiums ‐               ‐                ‐                ‐                     158,409       ‐                ‐                 Worker's  comp/unemployment ‐               ‐                ‐                ‐                     156,957       ‐                ‐                 Benefit premiums ‐               ‐                ‐                ‐                     ‐                1,044,075    185,596        Other misc 35                ‐                1,016           ‐                     ‐                97,555         ‐                 Interfund Loan ‐               ‐                ‐                ‐                     ‐                ‐                ‐                 Capital  contributions ‐               ‐                ‐                ‐                     ‐                ‐                ‐                 Disposal  of capital  assets ‐               ‐                ‐                ‐                     ‐                ‐                ‐                 Insurance recoveries ‐               ‐                ‐                ‐                     9,981           ‐                ‐                 TOTAL REVENUES 502,233       403,223       414,191       85,780               329,752       1,144,171    188,600        EXPENSES: Communications 30,685                Equipment rental 99,797          Facilities 290,033        Healthcare 892,062        Information technology 319,440        Print and mail 14,165                Retiree  healthcare 54,359          Risk management: Risk management 522,487        Unemployment 31,185          Worker's  compensation 132,191        TOTAL EXPENSES 99,797         319,440       290,033       44,850               685,863       892,062       54,359          AMOUNT AVAILABLE FOR CAPITAL 402,436       83,783         124,158       40,930               (356,111)      252,109       134,241        CAPITAL PROJECTS ‐               3,066           7,983           ‐                     ‐                ‐                ‐                 TRANSFERS IN ‐               ‐                ‐                ‐                     ‐                ‐                ‐                 TRANSFERS (OUT)‐               ‐                ‐                ‐                     ‐                ‐                ‐                 CHANGE IN FUND BALANCE 402,436       80,717         116,175       40,930               (356,111)      252,109       134,241        BEGINNING FUND BALANCE, Jan  1 5,620,280    2,327,309    1,259,503    576,333             13,085,310  7,523,267    8,892,488     ENDING FUND BALANCE, Jan 31 6,022,716    2,408,026    1,375,678    617,263             12,729,199  7,775,376    9,026,729     Page 12 of 37 Monthly Financial Report January 2016      FUND BALANCE  Page 14 shows the ending fund balance as of January 2016.  The City’s fund balance is a combination of current deficit/surplus of  funds which have accrued from unexpended operating budgets, unanticipated excess revenues, and from balances accumulated  from prior years.      The prior year’s balances (or beginning balance) include funds identified as being reserved for specific purposes or required to  meet the current year’s appropriations. These balances also provide financial stability to the City’s operation during uncertain  times and provide a layer of security to bondholders.      At the end of January, the City has $18.7 million reported in the combined general governmental fund balance of the current  year’s operating budget, which is approximately 16% of budgeted operating expenditures.  This is a decrease of $1.3 million  from the year’s beginning balance.  January’s ending fund balance is over the anticipated General Governmental Fund Balance of  $10.4 million by $8.2 million or 79.2%.  Although the ending fund balance is above projections, it is consistent with the prior  years’ trends.      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 January 2016      City  of Renton All Funds ‐ Revenue, Expenditures and Fund Balances Cash  Basis through January 31, 2016 Funds Balance  01/01/2016 Budgeted  Revenue Revenue  01/31/16 Total Funds  Available Budgeted  Expenditure Expenditure  01/31/16 Ending Balance GENERAL GOVERNMENT FUNDS: 19,962,845      118,818,727    7,317,475        27,280,320      118,376,109    8,625,290        18,655,030       000 General 12,622,447      88,974,330      5,342,341        17,964,788      87,960,498      7,001,592        10,963,195       001 Community Services 2,818,784        12,478,994      848,010           3,666,794        13,038,993      794,258           2,872,536         003 Street 2,422,668        10,489,584      481,263           2,903,931        10,508,360      756,468           2,147,463         004 Community Dev Block Grant 66,654             307,462           ‐                      66,654             295,986           3,984               62,670              005 Museum 66,388             235,281           22                    66,410             235,281           19,061             47,349              009 Farmers  Market 110,830           59,400             38                    110,868           63,315             3,959               106,908            011 Fire  Health & Wellness 88,406             25,000             2,160               90,566             25,000             1,209               89,357              201 Ltd  GO Bonds  Gen Govt Debt 845,273           1,755,255        284                  845,557           1,755,255        ‐                      845,557            215 Gen Govt Misc Debt Service 921,395           4,493,421        643,356           1,564,751        4,493,421        44,758             1,519,993         SPECIAL REVENUE FUNDS: 1,681,875        1,951,764        100,267           1,782,142        1,889,837        16,190             1,765,952         102 Arterial  Street 31,697             650,000           51,775             83,472             650,000            ‐                      83,472              108 Leased  City Properties 560,515           924,090           29,828             590,343           877,163           15,190             575,153            110 Hotel  Motel 315,590           265,000           18,401             333,991           265,000           ‐                      333,991            125 1% For Art 111,206           15,000             38                    111,244           ‐                      ‐                      111,244            127 Cable  Communication 330,376           97,674             113                  330,489           97,674             1,000               329,489            135 Springbrook Wetlands  Bank 332,491           ‐                      112                  332,603           ‐                      ‐                      332,603            CAPITAL PROJECT FUNDS (CIP):21,039,649      22,586,552      1,303,605        22,343,254      23,879,345      69,437             22,273,817       303 Community Dev Mitigation 1,239,509        86,500             18,114             1,257,623        ‐                      ‐                      1,257,623         304 Fire  Mitigation 1,209,670        99,000             120,758           1,330,428        250,000           ‐                      1,330,428         305 Transportation  Mitigation 937,248           433,000           63,979             1,001,227        ‐                      ‐                      1,001,227         316 Municipal  Facilities CIP 9,264,141        6,144,587        716,350           9,980,491        6,433,587        11,843             9,968,648         317 Transportation  CIP 3,947,132        15,823,465      382,772           4,329,904        17,195,758      41,730             4,288,174         326 Housing Opportunity 1,041,775        ‐                      352                  1,042,127        ‐                      ‐                      1,042,127         336 New Library Development 3,400,174        ‐                      1,280               3,401,454        ‐                      15,864             3,385,590         ENTERPRISE FUNDS:52,179,441      76,620,298      6,801,220        58,980,661      76,784,075      3,334,163        55,646,498       4X2 Airport Operating & CIP 1,144,749        3,473,293        379,338           1,524,087        3,240,185        102,054           1,422,033         403 Solid Waste  Utility 2,151,456        16,514,320      1,560,719        3,712,175        17,144,532      238,077           3,474,098         4X4 Golf Operating & CIP (110,056)         2,812,793        72,469             (37,587)           2,303,479        118,352           (155,939)          4X5 Water Operating & CIP 22,681,621      16,959,363      1,298,387        23,980,008      17,909,135      642,997           23,337,011       4X6 Waste  Water Operating & CIP 11,636,515      10,169,271      901,852           12,538,367      9,276,937        398,044           12,140,323       416 King  County Metro 3,992,378        16,638,722      1,400,953        5,393,331        16,638,722      1,255,138        4,138,193         4X7 Surface Water Operating & CIP 10,682,778      10,052,536      1,187,502        11,870,280      10,271,085      579,501           11,290,779       INTERNAL SERVICE FUNDS: 39,284,490      37,408,531      3,067,950        42,352,440      34,259,955      2,397,453        39,954,987       501 Equipment Repair/Replacement 5,620,280        5,970,145        502,233           6,122,513        4,248,192        99,797             6,022,716         502 Insurance 13,085,310      4,166,201        329,752           13,415,062      3,509,594        685,863           12,729,199       503 Information Services 2,327,309        4,722,871        403,223           2,730,532        4,749,478        322,506           2,408,026         504 Facilities 1,259,503        4,953,544        414,191           1,673,694        4,959,108        298,016           1,375,678         505 Communications 576,333           1,027,739        85,780             662,113           1,029,881        44,850             617,263            512 Insurance, Healthcare 7,523,267        14,295,824      1,144,171        8,667,438        14,596,149      892,062           7,775,376         522 Insurance, Leoff1 Retirees  HC 8,892,488        2,272,207        188,600           9,081,088        1,167,553        54,359             9,026,729         FIDUCIARY FUNDS:5,299,035        468,000           924                  5,299,959        200,475           16,582             5,283,377         611 Firemen's  Pension 5,299,035        468,000           924                  5,299,959        200,475           16,582             5,283,377         TOTAL  FUNDS 139,447,335 257,853,872 18,591,441   158,038,776 255,389,796 14,459,115   143,579,661  Page 14 of 37 City of Renton General Government Financial Position 2016 Budget Year General Government Summary Revenues Expenditures $ Difference over (under) w/beginning balance 19,962,845 January 7,317,475 8,625,290 (1,307,815) 18,655,030 February March April May June July August September October November December (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) - - 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 90,000,000 100,000,000 110,000,000 120,000,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Change in Fund Balance Rev/Exp Revenues Expenditures Change in Fund Balance Page 15 of 37 City of Renton Monthly Revenue Analysis - 2016 Budget Year General Government Budget YTD Actual Annual % over (under) Jan 5,817,550 7,317,475 25.78% Feb 12,149,681 Mar 18,809,114 Apr 34,683,852 May 51,589,714 Jun 57,923,479 Jul 65,796,138 Aug 72,594,219 Sep 79,111,910 Oct 94,909,369 Nov 109,058,957 Dec 118,818,726 Percent of budget 6.16% Property Tax Budget YTD Actual Annual % over (under) Jan 3,065 44,745 1360.10% Feb 376,309 Mar 1,450,568 Apr 9,581,661 May 18,654,175 Jun 18,688,667 Jul 19,207,532 Aug 19,646,752 Sep 20,167,580 Oct 28,434,775 Nov 36,271,023 Dec 37,213,314 Percent of budget 0.12% $- $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 $110 $120 $130 $140 Millions Total Revenue General Government Budget Actual Last Year $- $3 $6 $9 $12 $15 $18 $21 $24 $27 $30 $33 $36 $39 Millions Property Tax Budget Actual Last Year Page 16 of 37 City of Renton Monthly Revenue Analysis - 2016 Budget Year Sales Tax Budget YTD Actual Annual % over (under) Jan 2,067,608 2,212,710 7.02% Feb 4,624,605 Mar 6,598,572 Apr 8,565,740 May 10,893,426 Jun 12,941,024 Jul 15,068,593 Aug 17,435,267 Sep 19,708,241 Oct 22,045,782 Nov 24,451,213 Dec 26,747,588 Percent of budget 8.27% Note: Excludes CJ Sales Tax and Natural Gas Use Tax. Utility Tax Budget YTD Actual Annual % over (under) Jan 1,272,858 1,509,960 18.63% Feb 2,691,199 Mar 4,244,420 Apr 5,465,533 May 6,773,153 Jun 8,091,364 Jul 9,256,524 Aug 10,555,909 Sep 11,759,252 Oct 12,952,928 Nov 14,215,115 Dec 15,606,217 Percent of budget 9.68% Note: Includes Natural Gas Use Tax. $- $3 $6 $9 $12 $15 $18 $21 $24 $27 Millions Sales Tax Budget Actual Last Year $- $2 $4 $6 $8 $10 $12 $14 $16 $18Millions Utility Tax Budget Actual Last Year Page 17 of 37 City of Renton Monthly Revenue Analysis - 2016 Budget Year Licenses & Permits Budget YTD Actual Annual % over (under) Jan 318,371 707,784 122.31% Feb 615,235 Mar 827,143 Apr 1,185,530 May 1,435,887 Jun 1,820,918 Jul 2,381,261 Aug 2,708,612 Sep 3,112,452 Oct 3,516,273 Nov 3,759,344 Dec 4,009,000 Percent of budget 17.65% Note: GF only Intergovt'l Budget YTD Actual Annual % over (under) Jan 574,724 589,820 2.63% Feb 1,100,048 Mar 1,655,573 Apr 2,756,861 May 5,469,015 Jun 6,065,523 Jul 6,557,338 Aug 7,353,715 Sep 7,938,307 Oct 8,677,019 Nov 9,826,773 Dec 13,307,591 Percent of budget 4.43% Note: Includes CJ Sales Tax and FD25 & FD40 contracts $- $2 $4 $6 $8 $10 $12 $14 Millions Intergovernmental Budget Actual Last Year $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 Millions Licenses & Permits Budget Actual Last Year Page 18 of 37 City of Renton Monthly Revenue Analysis - 2016 Budget Year Charges for Services Budget YTD Actual Annual % over (under) Jan 608,139 640,658 5.35% Feb 1,135,310 Mar 1,725,293 Apr 2,517,155 May 3,057,838 Jun 4,043,882 Jul 4,962,465 Aug 5,748,498 Sep 6,341,349 Oct 6,952,480 Nov 7,486,378 Dec 8,136,100 Percent of budget 7.87% Note: Excludes FD25 & FD40 contracts Fines & Forfeits Budget YTD Actual Annual % over (under) Jan 152,177 136,421 -10.35% Feb 367,643 Mar 648,705 Apr 947,638 May 1,221,034 Jun 1,509,321 Jul 1,756,252 Aug 2,069,275 Sep 2,369,080 Oct 2,659,110 Nov 2,992,541 Dec 3,320,500 Percent of budget 4.11% $- $1 $2 $3 $4 $5 $6 $7 $8 $9 Millions Charges for Services Budget Actual Last Year $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 Millions Fines & Forfeits Budget Actual Last Year Page 19 of 37 City of Renton Monthly Revenue Analysis - 2016 Budget Year Other Taxes Budget YTD Actual Annual % over (under) Jan 611,646 1,216,500 98.89% Feb 916,494 Mar 1,197,449 Apr 3,100,048 May 3,403,604 Jun 3,869,347 Jul 5,632,574 Aug 5,957,221 Sep 6,273,290 Oct 8,089,336 Nov 8,344,672 Dec 8,359,000 Percent of budget 14.55% Misc Budget YTD Actual Annual % over (under) Jan 188,129 258,876 37.61% Feb 281,172 Mar 398,891 Apr 480,352 May 577,416 Jun 768,433 Jul 827,766 Aug 952,304 Sep 1,254,858 Oct 1,373,332 Nov 1,482,729 Dec 1,869,416 Percent of budget 13.85% $- $0.50 $1.00 $1.50 $2.00 $2.50 Millions Miscellaneous Budget Actual Last Year $- $1 $2 $3 $4 $5 $6 $7 $8 $9 Millions Other Taxes Budget Actual Last Year Page 20 of 37 City of Renton Monthly Revenue Analysis - 2016 Budget Year Other Financing Budget YTD Actual Annual % over (under) Jan 20,833 - 0.00% Feb 41,667 Mar 62,500 Apr 83,333 May 104,167 Jun 125,000 Jul 145,833 Aug 166,667 Sep 187,500 Oct 208,333 Nov 229,167 Dec 250,000 Percent of budget 0.00% REET Budget YTD Actual Annual % over (under) Jan 704,460 1,204,479 70.98% Feb 941,591 Mar 1,128,924 Apr 1,639,419 May 1,854,997 Jun 2,250,652 Jul 2,547,744 Aug 2,771,610 Sep 3,002,585 Oct 3,320,665 Nov 3,462,809 Dec 4,000,000 Percent of budget 30.11% $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Millions Real Estate Excise Tax Budget Actual Last Year $0 $2 $4 $6 $8 $10 $12 $14 $16 Mi l l i o n s Other Financing Sources Budget Actual Last Year Page 21 of 37 City of Renton Monthly Revenue Analysis - 2016 Budget Year Bldg Permits & Devlpmt Svc Fees Budget YTD Actual Annual % over (under) Jan 341,282 661,363 93.79% Feb 706,100 Mar 1,025,109 Apr 1,517,577 May 1,808,985 Jun 2,532,793 Jul 3,117,823 Aug 3,496,111 Sep 3,974,931 Oct 4,400,264 Nov 4,726,378 Dec 5,173,368 Percent of budget 12.78% B & O Tax Budget YTD Actual Annual % over (under) Jan - - N/A Feb - Mar - Apr 1,666,667 May 1,666,667 Jun 1,666,667 Jul 3,333,333 Aug 3,333,333 Sep 3,333,333 Oct 5,000,000 Nov 5,000,000 Dec 5,000,000 Percent of budget 0.00% $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 $5.50 $6.00 $6.50 Millions Building Permits and Development Service Fees Budget Actual Last Year $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 $5.50 Millions Business & Occupation Tax Budget Actual Last Year Page 22 of 37 City of Renton Monthly Expenditure Analysis - 2016 Budget Year General Government Budget YTD Actual Annual % over (under) Jan 8,843,720 8,625,290 -2.47% Feb 19,053,220 Mar 28,821,108 Apr 38,137,221 May 47,655,466 Jun 57,256,848 Jul 67,563,788 Aug 77,801,502 Sep 87,786,287 Oct 97,320,661 Nov 106,985,178 Dec 118,376,109 Percent of budget expended 7.29% Legislative Budget YTD Actual Annual % over (under) Jan 30,718 34,732 13.07% Feb 62,980 Mar 95,160 Apr 122,949 May 151,628 Jun 180,169 Jul 208,006 Aug 235,728 Sep 263,351 Oct 291,208 Nov 318,797 Dec 348,161 Percent of budget expended 9.98% $- $20 $40 $60 $80 $100 $120 $140 Millions Total Expenditures General Government Budget Actual Last Year $- $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 Legislative Budget Actual Last Year Page 23 of 37 City of Renton Monthly Expenditure Analysis - 2016 Budget Year Executive Budget YTD Actual Annual % over (under) Jan 91,702 192,359 109.77% Feb 226,122 Mar 360,645 Apr 498,203 May 635,001 Jun 770,286 Jul 910,919 Aug 1,139,113 Sep 1,294,359 Oct 1,428,452 Nov 1,574,883 Dec 1,772,884 Percent of budget expended 10.85% City Attorney Budget YTD Actual Annual % over (under) Jan 175,034 157,485 -10.03% Feb 349,257 Mar 527,350 Apr 710,479 May 896,957 Jun 1,092,924 Jul 1,282,507 Aug 1,475,680 Sep 1,671,064 Oct 1,846,482 Nov 2,021,528 Dec 2,213,353 Percent of budget expended 7.12% $- $0.30 $0.60 $0.90 $1.20 $1.50 $1.80 Millions Executive Budget Actual Last Year $- $0.40 $0.80 $1.20 $1.60 $2.00 $2.40 Millions City Attorney Budget Actual Last Year Page 24 of 37 City of Renton Monthly Expenditure Analysis - 2016 Budget Year Court Services Budget YTD Actual Annual % over (under) Jan 169,086 163,432 -3.34% Feb 345,603 Mar 524,116 Apr 706,499 May 890,985 Jun 1,081,645 Jul 1,265,010 Aug 1,449,036 Sep 1,627,840 Oct 1,805,361 Nov 1,978,143 Dec 2,187,710 Percent of budget expended 7.47% CED Admin Budget YTD Actual Annual % over (under) Jan 91,015 95,028 4.41% Feb 182,252 Mar 273,489 Apr 367,204 May 461,902 Jun 556,162 Jul 701,359 Aug 793,589 Sep 886,107 Oct 978,401 Nov 1,070,254 Dec 1,163,302 Percent of budget expended 8.17% $- $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 $- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 Millions Community & Economic Development Admin Budget Actual Last Year Page 25 of 37 City of Renton Monthly Expenditure Analysis - 2016 Budget Year Development Services Budget YTD Actual Annual % over (under) Jan 241,239 212,162 -12.05% Feb 498,872 Mar 771,244 Apr 1,037,984 May 1,297,588 Jun 1,547,352 Jul 1,792,796 Aug 2,053,723 Sep 2,285,546 Oct 2,529,302 Nov 2,775,640 Dec 3,051,790 Percent of budget expended 6.95% Economic Development Budget YTD Actual Annual % over (under) Jan 54,699 50,235 -8.16% Feb 139,703 Mar 211,746 Apr 284,990 May 349,659 Jun 421,632 Jul 501,057 Aug 581,464 Sep 655,785 Oct 725,529 Nov 801,400 Dec 902,274 Percent of budget expended 5.57% $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 Millions Development Services Budget Actual Last Year $- $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 $1.00 Millions Economic Development Budget Actual Last Year Page 26 of 37 City of Renton Monthly Expenditure Analysis - 2016 Budget Year Planning Budget YTD Actual Annual % over (under) Jan 221,962 203,948 -8.12% Feb 456,775 Mar 719,704 Apr 975,403 May 1,265,675 Jun 1,549,887 Jul 1,824,298 Aug 2,095,599 Sep 2,380,903 Oct 2,685,584 Nov 2,952,764 Dec 3,243,237 Percent of budget expended 6.29% Finance Budget YTD Actual Annual % over (under) Jan 168,923 220,501 30.53% Feb 345,736 Mar 525,483 Apr 704,393 May 892,107 Jun 1,203,473 Jul 1,400,753 Aug 1,727,096 Sep 1,931,821 Oct 2,134,116 Nov 2,324,115 Dec 2,927,787 Percent of budget expended 7.53% $- $0.40 $0.80 $1.20 $1.60 $2.00 $2.40 $2.80 $3.20 Millions Finance Budget Actual Last Year $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 Millions Planning Budget Actual Last Year Page 27 of 37 City of Renton Monthly Expenditure Analysis - 2016 Budget Year City Clerk Budget YTD Actual Annual % over (under) Jan 62,637 67,195 7.28% Feb 164,231 Mar 303,940 Apr 375,900 May 450,924 Jun 522,077 Jul 593,286 Aug 671,377 Sep 741,134 Oct 834,041 Nov 907,039 Dec 1,151,870 Percent of budget expended 5.83% Includes Hearing Examiner Human Resources Budget YTD Actual Annual % over (under) Jan 84,669 89,683 5.92% Feb 187,462 Mar 299,503 Apr 431,140 May 540,016 Jun 651,578 Jul 766,621 Aug 881,492 Sep 993,608 Oct 1,112,638 Nov 1,219,645 Dec 1,372,669 Percent of budget expended 6.53% $- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 Millions Human Resources Budget Actual Last Year $- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 Millions City Clerk Budget Actual Last Year Page 28 of 37 City of Renton Monthly Expenditure Analysis - 2016 Budget Year Police Budget YTD Actual Annual % over (under) Jan 2,955,907 2,819,381 -4.62% Feb 5,587,949 Mar 8,643,654 Apr 11,267,685 May 14,229,736 Jun 17,038,401 Jul 20,082,621 Aug 22,744,871 Sep 25,768,424 Oct 28,482,339 Nov 31,532,863 Dec 34,710,426 Percent of budget expended 8.12% Fire & Emergency Services Budget YTD Actual Annual % over (under) Jan 2,500,601 2,291,374 -8.37% Feb 5,336,072 Mar 7,543,542 Apr 9,698,234 May 11,856,468 Jun 14,064,684 Jul 16,319,867 Aug 18,751,956 Sep 21,023,843 Oct 23,197,235 Nov 25,467,264 Dec 27,970,913 Percent of budget expended 8.19% $- $3 $6 $9 $12 $15 $18 $21 $24 $27 $30 $33 $36 Millions Police Budget Actual Last Year $- $3 $6 $9 $12 $15 $18 $21 $24 $27 $30 Millions Fire & Emergency Services Budget Actual Last Year Page 29 of 37 City of Renton Monthly Expenditure Analysis - 2016 Budget Year Community Services Admin Budget YTD Actual Annual % over (under) Jan 44,038 52,449 19.10% Feb 91,102 Mar 142,816 Apr 188,797 May 231,403 Jun 273,217 Jul 320,383 Aug 366,928 Sep 413,394 Oct 458,470 Nov 506,014 Dec 562,434 Percent of budget expended 9.33% Parks Budget YTD Actual Annual % over (under) Jan 333,489 302,959 -9.15% Feb 695,412 Mar 1,074,993 Apr 1,448,271 May 1,850,095 Jun 2,280,586 Jul 2,781,830 Aug 3,272,063 Sep 3,765,938 Oct 4,207,686 Nov 4,597,218 Dec 5,025,610 Percent of budget expended 6.03% $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Millions Parks Budget Actual Last Year $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 Community Services Admin Budget Actual Last Year Page 30 of 37 City of Renton Monthly Expenditure Analysis - 2016 Budget Year Parks Planning and Natural Resources Budget YTD Actual Annual % over (under) Jan 66,146 46,446 -29.78% Feb 135,203 Mar 220,574 Apr 301,273 May 407,024 Jun 486,764 Jul 592,877 Aug 688,924 Sep 797,310 Oct 910,915 Nov 1,018,122 Dec 1,125,443 Percent of budget expended 4.13% Recreation Budget YTD Actual Annual % over (under) Jan 332,493 330,010 -0.75% Feb 694,355 Mar 1,064,517 Apr 1,446,444 May 1,829,740 Jun 2,251,729 Jul 2,912,280 Aug 3,596,433 Sep 4,138,040 Oct 4,510,080 Nov 4,895,207 Dec 5,338,949 Percent of budget expended 6.18% $- $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 Parks Planning and Natural Resources Budget Actual Last Year $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 $5.50 Millions Recreation Budget Actual Last Year Page 31 of 37 City of Renton Monthly Expenditure Analysis - 2016 Budget Year Human Services Budget YTD Actual Annual % over (under) Jan 47,817 81,352 70.13% Feb 121,777 Mar 255,056 Apr 404,712 May 470,050 Jun 534,658 Jul 670,143 Aug 759,766 Sep 819,175 Oct 972,094 Nov 1,030,914 Dec 1,212,606 Percent of budget expended 6.71% Neighborhoods , Resources, and Events Budget YTD Actual Annual % over (under) Jan 65,441 66,354 1.39% Feb 159,671 Mar 228,091 Apr 294,553 May 361,904 Jun 442,834 Jul 568,264 Aug 663,792 Sep 754,293 Oct 832,825 Nov 913,882 Dec 1,049,871 Percent of budget expended 6.32% $- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 Millions Human Services Budget Actual Last Year $- $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 Neighborhoods, Resources, and Events Budget Actual Last Year Page 32 of 37 City of Renton Monthly Expenditure Analysis - 2016 Budget Year Museum Fund Budget YTD Actual Annual % over (under) Jan 18,883 19,061 0.94% Feb 37,795 Mar 56,682 Apr 75,818 May 95,501 Jun 115,297 Jul 135,152 Aug 155,440 Sep 175,323 Oct 195,438 Nov 215,317 Dec 235,281 Percent of budget expended 8.10% Public Works Admin Budget YTD Actual Annual % over (under) Jan 33,648 33,119 -1.57% Feb 68,336 Mar 102,357 Apr 136,585 May 171,018 Jun 205,573 Jul 240,151 Aug 275,209 Sep 310,708 Oct 344,670 Nov 378,434 Dec 413,579 Percent of budget expended 8.01% $- $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 Public Works Admin Budget Actual Last Year $- $30,000 $60,000 $90,000 $120,000 $150,000 $180,000 $210,000 $240,000 $270,000 Museum Fund Budget Actual Last Year Page 33 of 37 City of Renton Monthly Expenditure Analysis - 2016 Budget Year Street Maintenance Budget YTD Actual Annual % over (under) Jan 390,736 400,277 2.44% Feb 806,650 Mar 1,227,440 Apr 1,697,874 May 2,135,777 Jun 2,578,024 Jul 3,049,454 Aug 3,518,925 Sep 3,962,174 Oct 4,442,737 Nov 4,868,959 Dec 5,349,313 Percent of budget expended 7.48% Transportation Budget YTD Actual Annual % over (under) Jan 323,277 356,191 10.18% Feb 711,969 Mar 1,177,106 Apr 1,665,963 May 2,064,478 Jun 2,464,098 Jul 2,876,390 Aug 3,311,567 Sep 3,710,447 Oct 4,155,393 Nov 4,553,143 Dec 5,159,047 Percent of budget expended 6.90% $- $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 Millions Street Maintenance Budget Actual Last Year $0.0 $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 Millions Transportation Budget Actual Last Year Page 34 of 37 City of Renton Monthly Expenditure Analysis - 2016 Budget Year Debt Service Budget YTD Actual Annual % over (under) Jan 44,758 44,758 0.00% Feb 1,041,446 Mar 1,562,169 Apr 2,082,892 May 2,603,615 Jun 3,124,338 Jul 3,645,061 Aug 4,165,784 Sep 4,686,507 Oct 5,207,230 Nov 5,727,953 Dec 6,248,676 Percent of budget expended 0.72% Non- Departmental Other City Budget YTD Actual Annual % over (under) Jan 294,800 294,800 0.00% Feb 606,487 Mar 909,731 Apr 1,212,975 May 1,516,218 Jun 1,819,462 Jul 2,122,706 Aug 2,425,949 Sep 2,729,193 Oct 3,032,437 Nov 3,335,680 Dec 3,638,924 Percent of budget expended 8.10% $- $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 $9.00 $10.00 Millions Non-Departmental Other City Services Budget Actual Last Year $- $5 $10 $15 $20 $25 Millions Debt Service Budget Actual Last Year Page 35 of 37 City of Renton Monthly Enterprise Fund Financial Report - 2016 Budget Year Utilities Budget Revenue Expense Jan 3,836,257 6,349,407 3,113,758 Feb 10,582,930 Mar 15,407,394 Apr 19,338,399 May 26,173,189 Jun 34,435,671 Jul 39,234,580 Aug 44,829,532 Sep 50,505,333 Oct 55,843,333 Nov 61,211,329 Dec 71,240,411 Percent of budget expended 3.59% Note: Operations and Capital Airport Budget Revenue Expense Jan 57,837 379,338 102,054 Feb 158,639 Mar 863,412 Apr 1,091,003 May 1,622,328 Jun 1,794,836 Jul 1,995,695 Aug 2,260,872 Sep 2,485,384 Oct 2,654,587 Nov 2,941,602 Dec 3,240,185 Percent of budget expended 3.15% Note: Operations and Capital $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 Millions Utilities Budget Revenue Expense $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 Millions Airport Budget Revenue Expense Page 36 of 37 City of Renton Monthly Enterprise Fund Financial Report - 2016 Budget Year Golf Course Budget Revenue Expense Jan 116,799 72,468 118,352 Feb 267,877 Mar 419,420 Apr 591,478 May 813,532 Jun 971,265 Jul 1,139,818 Aug 1,312,726 Sep 1,486,659 Oct 1,684,773 Nov 1,811,460 Dec 2,303,479 Percent of budget expended 5.14% Note: Operations and Capital $- $0.30 $0.60 $0.90 $1.20 $1.50 $1.80 $2.10 $2.40 Millions Golf Course Budget Revenue Expense Page 37 of 37