HomeMy WebLinkAbout201604, AprilADMINISTRATIVE SERVICES
DEPARTMENT
M E M O R A N D U M
DATE: June 7, 2016
TO: Randy Corman, Council President
Members of the Renton City Council
CC: Denis Law, Mayor
Administrators
FROM: Hai Nguyen, Sr. Finance Analyst
SUBJECT: April 2016 Financial Status Report
At the end of April, general governmental revenues show $4.3 million or 11.9% over budget.
Revenue source(s) that are higher than expected are: sales tax ($345k); utility taxes ($301k);
gambling taxes ($287k); real estate excise taxes ($195k); business & occupation taxes ($1.8
million); state shared revenues ($147k); building permits & development service fees ($477k);
seizure funds ($658k, restricted to drug enforcement and not available for general purposes)
and interest earnings ($108k). If we remove business & occupation tax (CIP portion) and
seizure funds, general governmental revenues are $1.9 million or 5.1% over budget. On the
down side, the revenue source(s) that are underperforming the year to date budget is EMS levy
($228k below, due to the timing of when it was recorded in the current year compared to
2014).
General government expenditures showed a favorable variance of $1.3 million or 3.6%. 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.
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General Governmental Funds
$%
Beginning Fund Balance 17,454,261$ 17,454,261$ 17,565,282$ 17,565,282$ 19,962,845$ 19,962,845$ 19,962,845$ ‐ 0.0%
OPERATING REVENUES
Property Tax 35,295,390 7,509,891 36,369,429 11,473,575 37,213,314 9,581,661 9,489,780 (91,882) ‐1.0%
Sales Tax 21,512,379 6,807,199 23,439,266 7,443,380 23,999,421 7,697,646 8,042,675 345,029 4.5%
Sales Tax ‐ Annexation Credit 2,542,394 799,863 2,778,858 881,021 2,748,167 868,094 952,359 84,265 9.7%
Criminal Justice Sales Tax 2,267,947 721,451 2,484,718 785,541 2,580,795 818,328 858,485 40,158 4.9%
Natural Gas Use Tax 271,485 135,655 228,899 100,848 268,000 118,074 94,943 (23,132) ‐19.6%
Admission Tax 310,311 154,406 309,790 150,261 320,000 157,222 140,840 (16,382) ‐10.4%
Franchise Fees 1,342,269 646,666 1,349,154 668,561 1,260,000 615,728 703,549 87,820 14.3%
Electricity Tax 5,167,444 1,992,820 5,012,962 1,701,060 4,946,019 1,794,624 2,103,221 308,597 17.2%
Natural Gas Utility Tax 1,562,341 862,483 1,437,552 724,944 1,350,900 714,844 706,375 (8,470) ‐1.2%
Garbage/Solid Waste 573,457 191,379 638,073 183,444 580,000 179,441 215,346 35,905 20.0%
TV Cable 1,518,821 478,060 1,591,866 496,700 1,629,365 510,576 507,849 (2,727) ‐0.5%
Telephone 909,088 274,371 880,233 322,085 952,500 317,508 299,629 (17,880) ‐5.6%
Cellular Phone 1,951,925 578,839 1,674,355 538,995 1,671,056 515,118 532,031 16,912 3.3%
City Utilities 3,961,052 1,234,510 4,183,165 1,311,002 4,208,377 1,315,347 1,306,744 (8,604) ‐0.7%
Utility Tax Audit 460,513 ‐ 1,962,092 ‐ 111,227 111,227 111,227 ‐ 0.0%
Leasehold Excise Tax 171,470 43,738 163,314 42,865 179,000 46,304 42,176 (4,128) ‐8.9%
Gambling Excise Tax 1,650,384 522,560 2,299,156 719,390 1,600,000 503,127 790,251 287,124 57.1%
Real Estate Excise Tax 4,348,762 1,747,345 4,595,166 1,167,058 4,000,000 1,750,788 1,946,242 195,454 11.2%
Less: CIP REET (1,650,000) (331,387) (1,401,300) (291,764) (2,000,000) (973,121) (973,121) ‐ 0.0%
EMS Levy 916,361 225,392 936,406 ‐ 946,000 227,701 ‐ (227,701) ‐100.0%
B&O Taxes ‐ ‐ ‐ ‐ 5,000,000 4,500,000 4,578,349 78,349 1.7%
Less: CIP B&O Taxes ‐ ‐ ‐ ‐ (2,000,000) (1,800,000) ‐ 1,800,000 ‐100.0%
Business License Fees 2,965,850 1,328,932 3,125,740 1,349,541 1,811,000 1,196,310 1,073,694 (122,616) ‐10.2%
Less: CIP Business License Fees (2,450,295) (1,098,331) (2,584,164) (1,116,246) (1,509,000) (983,785) (889,182) 94,603 ‐9.6%
Animal Licenses and Spec Events Permits 95,698 36,518 101,743 37,405 91,000 36,099 34,530 (1,569) ‐4.3%
Building Permits & Development Svc Fees 4,519,234 1,607,401 6,077,055 1,520,269 5,173,368 1,517,577 1,994,550 476,973 31.4%
Intergovt'l (Grants, State Shared, etc)4,522,540 1,754,785 4,053,617 1,344,392 3,982,687 1,136,037 1,464,834 328,797 28.9%
Fire District 25 and 40 Contracts 5,959,428 797,257 6,369,132 759,816 6,128,712 164,356 164,356 ‐ 0.0%
Public Safety 844,375 245,008 649,797 309,932 630,135 233,529 313,301 79,772 34.2%
Culture and Recreation 1,485,123 384,136 1,587,878 274,651 1,727,393 370,316 385,035 14,718 4.0%
Interfund/Interdept‐Services 3,270,503 1,141,789 3,106,430 1,038,018 3,689,406 1,229,802 1,140,882 (88,920) ‐7.2%
Fines and Penalties 962,977 355,263 848,052 221,685 1,126,500 362,183 216,897 (145,286) ‐40.1%
Photo Enforcement 1,719,971 400,235 2,171,184 638,094 2,194,000 585,455 651,712 66,257 11.3%
Seizure Funds ‐ Federal/State/Local 68,870 (470) 21,676 6,444 50,000 3,299 661,152 657,853 19941.8%
Interests and Other Earnings 981,630 43,538 973,208 218,304 875,300 117,242 225,043 107,800 91.9%
Rents, Leases, and Concessions 711,070 306,400 762,361 285,609 598,616 240,517 224,439 (16,079) ‐6.7%
Contributions and Donations 113,626 28,512 147,292 36,953 96,700 24,262 41,314 17,052 70.3%
Other Miscellaneous 879,105 320,761 941,127 352,276 705,630 262,596 313,271 50,675 19.3%
Other Financing Sources (Transfer‐In, etc) 48,632 3,447 270,224 3,218 250,000 83,333 ‐ (83,333) ‐100.0%
Total Operating Revenues 111,782,133 32,250,423 119,555,505 35,699,323 119,185,588 36,149,368 40,464,776 4,315,407 11.9%
OPERATING EXPENDITURES
Council 309,317 108,911 320,877 113,635 375,761 132,696 129,027 3,669 2.8%
Executive 1,338,738 407,807 1,691,189 443,641 1,784,464 501,457 616,267 (114,810) ‐22.9%
City Attorney 1,829,254 562,501 1,791,167 599,643 2,213,353 710,479 670,522 39,957 5.6%
Court Services 2,016,273 660,115 2,013,364 641,217 2,187,710 706,499 678,807 27,692 3.9%
Community and Eco Dvlpmnt Admin 1,010,761 333,812 1,183,052 358,681 1,163,302 367,204 382,305 (15,101) ‐4.1%
Development Services 2,659,078 931,956 2,632,264 867,751 3,101,790 1,054,990 892,326 162,664 15.4%
Economic Development 654,007 186,131 658,515 228,439 911,753 287,984 287,672 313 0.1%
Planning 2,095,706 584,673 2,606,551 829,531 3,243,237 975,403 846,345 129,058 13.2%
Finance 2,644,827 678,686 3,132,812 711,350 2,953,369 710,548 858,782 (148,234) ‐20.9%
City Clerk 1,152,246 446,560 1,027,084 264,641 1,151,870 375,900 313,676 62,224 16.6%
Human Resources 922,668 294,344 1,182,629 366,906 1,372,669 431,140 395,008 36,132 8.4%
Police 26,383,640 8,533,912 28,144,699 9,092,588 30,153,639 9,747,282 9,300,837 446,445 4.6%
Jail Services 3,760,273 1,253,219 4,142,266 1,379,437 4,703,000 1,568,043 1,568,043 ‐ 0.0%
Fire 25,240,760 8,701,872 26,536,999 9,250,808 28,240,123 9,791,576 9,575,877 215,700 2.2%
Community Services Admin 480,727 158,781 509,439 173,595 655,344 219,984 196,747 23,237 10.6%
Parks 4,070,181 1,154,945 4,411,383 1,289,256 5,065,610 1,459,798 1,301,241 158,558 10.9%
Parks Planning & Natural Resources 722,739 201,429 808,558 208,488 1,292,543 346,004 211,159 134,845 39.0%
Recreation 4,823,195 1,262,485 5,087,811 1,422,635 5,350,288 1,449,516 1,463,737 (14,220) ‐1.0%
Human Services 1,159,189 385,688 1,225,835 410,324 1,245,394 415,655 395,807 19,849 4.8%
Neighborhoods, Resources, & Events 875,223 257,492 958,624 257,014 1,079,926 302,985 268,788 34,198 11.3%
Museum 214,291 66,789 227,094 75,445 235,281 75,818 73,438 2,380 3.1%
Public Works Admin 389,493 127,778 387,493 128,823 413,579 136,585 133,872 2,714 2.0%
Street Maintenance 4,503,315 1,423,475 5,061,723 1,612,472 5,420,445 1,720,451 1,676,774 43,677 2.5%
Transportation 4,263,725 1,450,448 4,975,059 1,532,946 5,109,047 1,649,817 1,593,069 56,747 3.4%
Debt Service 8,393,140 916,538 6,371,715 315,231 6,248,676 295,075 295,075 ‐ 0.0%
Non‐Departmental and Other 9,758,346 1,028,664 10,069,740 1,114,142 7,048,924 1,156,445 1,156,445 ‐ 0.0%
Total Operating Expenditures 111,671,112 32,119,009 117,157,942 33,688,640 122,721,097 36,589,337 35,281,644 1,307,693 3.6%
Total Ending Fund Balance 17,565,282$ 17,585,675$ 19,962,846$ 19,575,966$ 16,427,336$ 19,522,876$ 25,145,976$ 5,623,100$ 28.8%
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 April 2016
Page 1 of 37
Monthly Financial Report April 2016
OVERVIEW
This financial overview reflects the City’s overall financial position for the fiscal year through April 30, 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 78% of all
resources supporting general governmental activities. The following section provides detail information on property, sales,
utility, and other taxes.
Property Tax
April’s collection is $7.9 million,
making the total year‐to‐date
collection $9.5 million or 25.5% of
the total budget. In comparison
to the previous year, the City
collected $2 million or 17% less.
Compared to the budget, the City
is under projections by $92 or 1%.
The April variance is due to the
timing of collections in the current
year compared to the prior year.
Sales Tax
April 2016 sales tax receipts
totaled $1.9 million. Compared
with the same month last year, it
is $138k or 8% more. Compared
to the projected current month’s
budget, it is $123k or 7% above.
The year‐to‐date collection of $8
million is $599k or 8% more than
the prior year and is also $345k or
4% more than budgeted. New
Construction and Auto Sales 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 307,006 373,244 315,119 8,113 3% (58,125) ‐16%
Mar 939,218 1,074,259 1,273,685 334,468 36% 199,426 19%
Apr 10,160,118 8,131,093 7,856,230 (2,303,888) ‐23% (274,863) ‐3%
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 11,473,575$ 9,581,661$ 9,489,780$ (1,983,795)$ ‐17% (91,882)$ ‐1%
Annual Total 36,369,429$ 37,213,314$
Property Tax Revenues
Year to Date through April
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 2,320,497 60,102 3% 28,913 1%
Mar 1,674,147 1,777,535 1,854,773 180,626 11% 77,238 4%
Apr 1,750,506 1,766,278 1,888,875 138,369 8% 122,597 7%
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 7,443,380$ 7,697,646$ 8,042,675$ 599,295$ 8% 345,029$ 4%
Annual Total 23,439,266$ 23,999,421$
2016 vs. Budget2016 vs. 2015
Month
Year to Date through April
Local Retail Sales Tax Revenues
Page 2 of 37
Monthly Financial Report April 2016
The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business
sectors:
Utility tax
April utility tax revenues are $1.3
million, which is $82k or 7%
higher than the same month last
year and is also higher than the
budget by $125k or 10%. The
year‐to‐date collection is $5.9
million, which is $498k or 9%
higher than the prior year and is
also $301k or 5% higher than the
budget. The favorable variance is
due to collecting more than
anticipated in Electrical utility tax.
The table below breaks out Utility Tax by source. The utility tax audit revenues are gross and do not include the related
audit fees ($26k).
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 1,199,348$ 1,384,085$ 1,509,960$ 310,612$ 26% 125,875$ 9%
Feb 1,371,771 1,418,341 1,597,348 225,577 16% 179,007 13%
Mar 1,544,060 1,553,221 1,423,774 (120,286) ‐8% (129,448) ‐8%
Apr 1,263,898 1,221,113 1,346,282 82,383 7% 125,169 10%
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 5,379,077$ 5,576,759$ 5,877,363$ 498,286$ 9% 300,604$ 5%
Annual Total 17,609,196$ 15,717,444$
2016 vs. Budget2016 vs. 2015
Year to Date through April
Utility Tax Revenues
Month
Sales Tax by Sector 2015 2016 Bgt YTD Act Change 2016/2015 2016 Act vs Bgt
New Construction 828,418$ 983,959$ 1,177,224$ 348,806$ 42%$ 193,264 20%
Auto Sales 1,409,942 1,453,426 1,567,738 157,796 11% 114,312 8%
General Retail 2,334,828 2,380,929 2,399,618 64,790 3% 18,689 1%
Manufacturing 685,371 603,509 571,141 (114,231) ‐17% (32,368)‐5%
Wholesale 359,786 367,701 389,357 29,572 8% 21,657 6%
Service 1,626,424 1,722,262 1,750,170 123,745 8% 27,908 2%
Other 198,611 185,861 187,428 (11,183) ‐6% 1,567 1%
YTD Total 7,443,380$ 7,697,646$ 8,042,675$ 599,295$ 8%345,029$ 4%
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 1,701,060$ 1,794,624$ 2,103,221$ 402,161$ 24%$ 308,597 17%
Natural Gas 825,792 832,918 801,317 (24,474) ‐3% (31,601)‐4%
Cell 538,995 515,118 532,031 (6,964) ‐1% 16,912 3%
Phone 322,085 317,508 299,629 (22,456) ‐7% (17,880)‐6%
Cable 496,700 510,576 507,849 11,149 2% (2,727)‐1%
Garbage/Solid Waste 183,444 179,441 215,346 31,902 17% 35,905 20%
City Utilities 1,311,002 1,315,347 1,306,744 (4,258) 0% (8,604)‐1%
Utility Tax Audit ‐ 111,227 111,227 111,227 100% ‐ 0%
YTD Total 5,379,077$ 5,576,759$ 5,877,363$ 498,286$ 9%300,604$ 5%
Annual Total 17,609,196$ 15,717,444$
YTD as % of 31% 35%
Page 3 of 37
Monthly Financial Report April 2016
Other Taxes
Real Estate Excise Tax
The City collected $336k in Real
Estate Excise Tax revenues (REET)
for April. This is $103k or 23% less
than the same month last year
and is also $194k or 37% less than
the current month’s budget. The
year‐to‐date collection is $1.9
million, which is $779k or 67%
more than the prior year and is
also $195k or 11% above the
budget. The higher than expected
variance is due to 9 large
transactions in December and
January which accounts for $868k
of the total REET collected.
Gambling Tax
April’s Gambling Tax collections
totaled $197k, which is $10k or
5% below the same month last
year but is above the current
month’s budget by $71k or 56%.
The year‐to‐date total of $790k is
$71k or 10% above the prior year
and is also $287k or 57% above
budget. $26k of the year‐to‐date
collections are from a payment
plan of back taxes earned in
2013/2014.
Pull tabs overall had a 4%
decrease, bingo had an 87%
decrease (bingo establishment
closed December 2015), and card‐rooms are seeing 17% 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 $704k is $35k or 5% higher
than the prior year and is also
$88k or 14% 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 158,616 262,383 197,327 38,710 24% (65,057) ‐25%
Mar 343,579 254,292 208,452 (135,127) ‐39% (45,840) ‐18%
Apr 438,485 529,653 335,985 (102,500) ‐23% (193,668) ‐37%
May 394,014 211,369
Jun 478,186 385,654
Jul 563,474 291,482
Aug 281,921 218,314
Sep 449,693 226,722
Oct 497,978 311,095
Nov 325,743 138,561
Dec 437,098 466,015
YTD Total 1,167,058$ 1,750,788$ 1,946,242$ 779,185$ 67% 195,454$ 11%
Annual Total 4,595,166$ 4,000,000$
Month
2016 vs. Budget2016 vs. 2015
Real Estate Excise Tax Revenues
Year to Date through April
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 158,293$ 117,510$ 189,749$ 31,457$ 20% 72,239$ 61%
Feb 184,189 128,540 207,961 23,772 13% 79,420 62%
Mar 169,262 130,833 195,255 25,993 15% 64,421 49%
Apr 207,646 126,243 197,286 (10,361) ‐5% 71,043 56%
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 719,390$ 503,127$ 790,251$ 70,861$ 10% 287,124$ 57%
Annual Total 2,299,156$ 1,600,000$
2016 vs. 2015
Gambling Tax Revenue
Month
Year to Date through April
2016 vs. Budget
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 333,343$ 307,326$ 348,118$ 14,775$ 4% 40,792$ 13%
Apr 335,218 308,402 355,430 20,212 6% 47,028 15%
Jul 340,657 311,290 ‐
Oct 339,936 309,807 ‐
Dec ‐ 23,175 ‐
YTD Total 668,561$ 615,728$ 703,549$ 34,987$ 5% 87,820$ 14%
Annual Total 1,349,154$ 1,260,000$
Franchise Fees Revenue
Year to Date through April
Month
2016 vs. 2015 2016 vs. Budget
Page 4 of 37
Monthly Financial Report April 2016
Admission Tax
Admission Tax returns are due
quarterly in January, April, July,
and October of each year. April
2016 collections represent
activities conducted during the 1st
quarter of 2016. The year‐to‐date
collection of $141k is $9k or 6%
less than the prior year and is also
$16k 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. April (1st quarter
activity) receipts totaled $4.6
million. This is due to one
business reporting a full year’s
worth of activity.
Licenses and Permits
Business Licenses
Business Licenses totaled $207k
for April, which is $306k or 60%
below the same month last year
but is $89k or 75% above the
current month’s budget. The
year‐to‐date Business Licenses
revenue of $1.1 million is $276k
or 20% below the prior year and is
also below the budget by $123k
or 10%. The annual budget was
decreased due to the City
adopting the Business &
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 1,360 (11) ‐1% 652 92%
Mar 106 55 ‐
Apr 65,108 71,870 63,088 (2,020) ‐3% (8,782) ‐12%
May 1,523 786 ‐
Jun ‐ 75 ‐
Jul 82,804 83,565 ‐
Oct 75,167 78,334 ‐
Nov 35 18 ‐
YTD Total 150,261$ 157,222$ 140,840$ (9,314)$ ‐6% (16,327)$ ‐10%
Annual Total 309,790$ 320,000$
2016 vs. Budget
Ad mission Tax Revenue
Year to Date through April
Month
2016 vs. 2015
2015 2016 2016
Actual Budget Actual $ % $ %
Jan ‐$ ‐$ ‐$
Feb ‐ ‐ ‐
Mar ‐ ‐ ‐
Apr ‐ 4,500,000 4,578,349 4,578,349 100% 78,349 2%
May ‐ ‐ ‐
Jun ‐ ‐ ‐
Jul ‐ 250,000 ‐
Aug ‐ ‐ ‐
Sep ‐ ‐ ‐
Oct ‐ 250,000 ‐
Nov ‐ ‐ ‐
Dec ‐ ‐ ‐
YTD Total ‐$ 4,500,000$ 4,578,349$ 4,578,349$ 100% 78,349$ 2%
Annual Total ‐$ 5,000,000$
*Total Business & Occupation Taxes (GF & CIP)
Business & Occupation Taxes*
Year to Date through April
Month
2016 vs. 2015 2016 vs. Budget
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 588,093$ 952,446 559,894$ (28,199)$ ‐5% (392,552)$ ‐41%
Feb 222,022 109,398 275,059 53,038 24% 165,662 151%
Mar 26,067 16,194 31,642 5,575 21% 15,448 95%
Apr 513,360 118,272 207,099 (306,261) ‐60% 88,827 75%
May 167,985 75,750 ‐
Jun 25,663 19,444 ‐
Jul 645,791 181,556 ‐
Aug 134,328 68,456 ‐
Sep 29,333 17,246 ‐
Oct 637,451 173,662 ‐
Nov 117,394 67,012 ‐
Dec 18,254 11,564 ‐
YTD Total 1,349,541$ 1,196,310$ 1,073,694$ (275,847)$ ‐20% (122,616)$ ‐10%
Annual Total 3,125,740$ 1,811,000$
*Total Business License (GF & CIP)
Business Licenses*
Month
2016 vs. 2015
Year to Date through April
2016 vs. Budget
Page 5 of 37
Monthly Financial Report April 2016
Building Permits and
Development Service Fees
Building Permits and
Development Service Fee
revenues totaled $336k in April.
The year‐to‐date development
fees revenue of $2 million is
$474k or 31% more than the year
before and is also $477k or 31%
higher than budget. The large
variances in January and March
are due to large payments for
building permits and plan review
(Southport Developer, Group
Health Projects, and Boeing).
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
87% of the total
revenues in this category. The year‐to‐date total Intergovernmental revenue is $2.5 million or 18% of the budget.
State Shared Revenues
State Shared Revenue
collections totaled $2
million since the start of
the year. Compared to
the prior year, State
Shared Revenues are
above by $261k or 15%.
Compared to the
projected budget, the
City is collecting $147k
or 8% more. The higher
than expected collection
is due to collecting more
than anticipated Criminal
Justice’s Sales Tax, Criminal Justice’s High Crime and Liquor Excise Tax.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 260,603$ 341,282$ 661,363$ 400,760$ 154% 320,081$ 94%
Feb 328,557 364,818 413,420 84,863 26% 48,602 13%
Mar 275,826 319,009 583,658 307,832 112% 264,650 83%
Apr 655,282 492,468 336,108 (319,174) ‐49% (156,360) ‐32%
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 1,520,269$ 1,517,577$ 1,994,550$ 474,281$ 31% 476,973$ 31%
Annual Total 6,077,055$ 5,173,368$
Building Permits and Development Service Fees
Year to Date through April
2016 vs. Budget2016 vs. 2015
Month
Intergovernmental 2015 2016 Bgt YTD Act Change 2016/2015 2016 Act vs Bgt
Fire District #25 601,653$ ‐$ ‐$ (601,653)$ 0% $ ‐ N/A
Fire District #40 158,163 164,356 164,356 6,193 4%‐ 0%
State Shared Revenue 1,734,193 1,847,625 1,994,842 260,649 15% 147,217 8%
Federal Grants 276,614 215,567 215,567 (61,047) ‐22%‐ 0%
State Grants 27,771 25,065 25,065 (2,706) ‐10%‐ 0%
Other Grants/Intgovt 91,355 93,808 87,845 (3,510) ‐4% (5,963) ‐6%
ARRA Grants ‐ 0 ‐ ‐ N/A ‐ 0%
Total Rev YTD 2,889,749$ 2,346,422$ 2,487,675$ (402,074)$ ‐14%141,254$ 6%
Total Rev Annual 13,842,673$ 13,638,194$
YTD %21% 17% 18%
Note: Includes CJ Sales Tax and FD25 & FD40 contracts
2015 2016 2016
Actual Budget Actual $ % $ %
Crim Just Sales Tax 785,541$ 818,328$ 858,485$ 72,944$ 9% 40,158$ 5%
Judicial Contribution 10,895 ‐ 12,200 1,305 12% 12,200 100%
Crim Just ‐ High Crime 125,694 118,009 155,458 29,764 24% 37,449 32%
Crim Just ‐ Pop 12,688 11,676 13,231 543 4% 1,555 13%
Crim Just ‐ Spec Prog 46,617 43,330 48,378 1,761 4% 5,048 12%
State DUI 8,544 9,179 7,700 (844) ‐10% (1,479) ‐16%
Marijuana Enforcement ‐ ‐ 2,927 2,927 100% 2,927 100%
Liquor Profits 212,978 212,622 212,574 (405) 0% (48) 0%
Liquor Excise Tax 108,837 199,551 234,988 126,151 116% 35,437 18%
Fuel Tax 422,398 434,931 448,900 26,502 6% 13,969 3%
YTD Total 1,734,193$ 1,847,625$ 1,994,842$ 260,649$ 15% 147,217$ 8%
Annual Total 5,439,235$ 5,672,795$
2016 vs. Budget
State Shared Revenues
2016 vs. 2015
Revenue
Year to Date through April
Page 6 of 37
Monthly Financial Report April 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 64%
of the total revenue in this category. The year‐to‐date total charges for services are $2.4 million or 30% of the budget. The
following sections provide detail information for Public Safety, Recreation, and Interfund Services.
Public Safety Services
Public Safety Services totaled
$313k 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 $3k or 1% more.
Compared to the year‐to‐date
budget, the City is over budget by
$80k or 34%. The variance with
the prior year and budget is due
to collecting 2 large
payments/reimbursements for
electronic home detention and
School Resource Officer programs.
Recreation
Recreation revenues totaled
$113k for the current month.
Compared to the same month the
prior year, the City collected $21k
or 23% more. Compared to the
projected monthly budget, the
City collected $40k or 26% less.
The year‐to‐date collection of
$385k is $110k or 40% higher than
the year before and is also $15k
or 4% higher than the year‐to‐
date budget. 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 $328k 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 99,623 57,395 136% 62,858 171%
Mar 62,481 44,821 58,031 (4,450) ‐7% 13,211 29%
Apr 146,715 77,816 51,002 (95,713) ‐65% (26,814) ‐34%
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 309,932$ 233,529$ 313,301$ 3,368$ 1% 79,772$ 34%
Annual Total 650,997$ 630,135$
Year to Date through April
Public Safety Services
2016 vs. 2015 2016 vs. Budget
Month
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 117,124$ 104,917$ 163,783$ 46,659$ 40% 58,866$ 56%
Feb 30,177 55,678 48,009 17,832 59% (7,669) ‐14%
Mar 35,946 57,563 60,615 24,669 69% 3,052 5%
Apr 91,404 152,158 112,627 21,224 23% (39,530) ‐26%
May 64,015 96,002 ‐
Jun 227,942 225,001 ‐
Jul 428,943 420,247 ‐
Aug 313,197 314,325 ‐
Sep 119,720 134,250 ‐
Oct 55,478 72,003 ‐
Nov 61,601 55,079 ‐
Dec 42,331 40,169 ‐
YTD Total 274,651$ 370,316$ 385,035$ 110,384$ 40% 14,718$ 4%
Annual Total 1,587,878$ 1,727,393$
Recreation
Year to Date through April
2016 vs. Budget2016 vs. 2015
Month
Page 7 of 37
Monthly Financial Report April 2016
Interfund Services
The year‐to‐date collections for
Interfund Services revenues are
$1.1 million. Compared to the
prior year, the revenues are over
by $103k or 10%. Compared to
the projected budget, the
revenues are below by $89k or
7%. 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
$869k. This is $9k or 1% higher
than a year ago but is $79k or 8%
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$ 307,451$ 272,841$ 7,774$ 3% (34,609)$ ‐11%
Feb 264,413 307,451 286,748 22,336 8% (20,702) ‐7%
Mar 260,071 307,451 305,054 44,983 17% (2,396) ‐1%
Apr 248,466 307,451 276,238 27,772 11% (31,213) ‐10%
May 260,774 307,451 ‐
Jun 292,480 307,451 ‐
Jul 252,451 307,451 ‐
Aug 248,774 307,451 ‐
Sep 247,822 307,451 ‐
Oct 283,145 307,451 ‐
Nov 257,874 307,451 ‐
Dec 225,093 307,451 ‐
YTD Total 1,038,018$ 1,229,802$ 1,140,882$ 102,864$ 10% (88,920)$ ‐7%
Annual Total 3,106,430$ 3,689,406$
Interfund Services
Year to Date through April
2016 vs. 2015 2016 vs. Budget
Month
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 124,856$ 152,177$ 136,421$ 11,565$ 9% (15,756)$ ‐10%
Feb 213,981 215,466 217,667 3,686 2% 2,201 1%
Mar 275,737 281,062 263,648 (12,088) ‐4% (17,414) ‐6%
Apr 245,206 298,933 250,873 5,667 2% (48,060) ‐16%
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 859,779$ 947,638$ 868,609$ 8,830$ 1% (79,029)$ ‐8%
Annual Total 3,019,236$ 3,320,500$
2016 vs. Budget2016 vs. 2015
Year to Date through April
Fines and Penalties by Month
Month
Year to Date through April
2015 2016 2016
Actual Budget Actual $ % $ %
Civil Penalties 1,045$ 5,588$ 604$ (441)$ ‐42% (4,984)$ ‐89%
Civil Infraction Penalties 106,514 207,074 97,437 (9,078) ‐9% (109,638) ‐53%
Civil Parking Infraction Penalties 37,551 57,786 40,889 3,338 9% (16,897) ‐29%
Photo Enforcement Program 638,094 585,455 651,712 13,618 2% 66,257 11%
Criminal Traffic Misdemeanor Fines 20,957 32,284 20,224 (733) ‐3% (12,060) ‐37%
Criminal Non‐Traffic Fines 16,489 14,982 5,077 (11,411) ‐69% (9,905) ‐66%
Criminal Costs 29,780 38,785 26,421 (3,359) ‐11% (12,364) ‐32%
Non‐Court Fines, Forfeitures and Penalties 9,349 5,684 26,244 16,895 181% 20,560 362%
YTD Total 859,779$ 947,638$ 868,609$ 8,830$ 1% (79,029)$ ‐8%
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 April 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
$652k.
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. The year‐to‐date total
miscellaneous is $1.3 million.
Compared to last year, the
revenues are above by $610k or
85%. Compared to the projected
year‐to‐date budget, the revenues
are over by $828k or 165%. The
large variance with the prior year
and budget is due to collecting
more than anticipated Seizure
Funds. These funds are restricted to drug enforcement only and are not available for general operating purposes.
2015 2016 2016
Actual Budget Actual $ % $ %
Jan 269,664$ 199,303$ 258,876$ (10,789)$ ‐4% 59,572$ 30%
Feb 135,539 96,154 802,908 667,369 492% 706,754 735%
Mar 182,386 121,939 125,950 (56,436) ‐31% 4,011 3%
Apr 132,893 84,375 142,439 9,546 7% 58,064 69%
May 144,753 101,131
Jun 215,629 197,504
Jul 189,913 64,601
Aug 199,969 130,176
Sep 139,977 306,444
Oct 173,512 120,987
Nov 148,227 111,497
Dec 435,114 388,506
YTD Total 720,482$ 501,772$ 1,330,173$ 609,691$ 85% 828,401$ 165%
Annual Total 2,367,576$ 1,922,616$
Year to Date through April
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 124,175 167,005 89,912 97,181 69,824
Mar 170,255 184,903 89,912 95,109 89,794
Apr 187,598 168,524 89,912 95,106 73,417
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 585,455$ 651,712$ 359,648$ 314,059$ 337,653$
Annual Total 2,194,000$ 1,078,943$
1Actuals of Revenues and Expenses
ExpensesRevenues
Photo Enforcement Program
Year to Date through April
Month
2015 2016 2016
Actual Budget Actual $ % $ %
Interests and Other Earnings 218,304$ 117,242$ 225,043$ 6,739$ 3% 107,800$ 92%
Rents, Leases, and Concessions 285,609 240,517 224,439 (61,170) ‐21% (16,079) ‐7%
Contributions/Donations from Private Sources 36,953 24,262 41,314 4,362 12% 17,052 70%
Other 173,173 116,451 178,225 5,052 3% 61,774 53%
Seizure Funds ‐ Federal/State/Local 6,444 3,299 661,152 654,709 10161% 657,853 19942%
YTD Total 720,482$ 501,772$ 1,330,173$ 609,691$ 85% 828,401$ 165%
Annual Total 2,367,576$ 1,922,616$
2016 vs. Budget
Miscellaneous Revenues by Type
Year to Date through April
Revenue
2016 vs. 2015
Page 9 of 37
Monthly Financial Report April 2016
EXPENSES
Overall the City has expended 29% of its budgeted general governmental expenditures at the end of April. This is $1.3 million or
3.6% below year‐to‐date budgeted expenditures. See below for summary of unfavorable items for general governmental
departments.
Executive department is over the year‐to‐date budget by $115k or 22.9%. This is due to the timing of when Sound Cities
Association, Association of Washington Cities (AWC) and Communities in Schools memberships were corrected in 2015
(August).
Administrative Services (Finance and City Clerk) department is over the year‐to‐date budget by $86k or 7.9%. This is due
higher than expected merchant fees and spending patterns of professional services (utility tax audit services) compared to
prior years.
Page 10 of 37
Monthly Financial Report April 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 ‐ ‐ ‐ ‐ 25,150 13,500 ‐
Grants / intergovernmental 443,911 ‐ 111,688 ‐ ‐ 961,815 ‐
Charges for services 43,346 424,761 5,733,712 4,916,188 3,258,121 3,599,283 5,258,077
Interdepartmental services ‐ ‐ ‐ ‐ ‐ ‐ ‐
Fines and penalties 1,430 ‐ ‐ ‐ 517 ‐ ‐
Rents, leases, and misc fees 876,778 92,984 38,559 57,964 ‐ ‐ ‐
Interest and other misc 2,321 391 5,038 322,214 262,474 90,164 5,894
TOTAL REVENUES 1,367,786 518,136 5,888,997 5,296,366 3,546,262 4,664,762 5,263,971
EXPENSES:
Utility billing ‐ ‐ 47,201 46,950 34,968 57,700 ‐
Utility systems ‐ ‐ 4,203,540 1,104,264 1,045,924 1,477,397 ‐
Utility maintenance ‐ ‐ 94,017 1,729,650 546,613 871,576 5,015,834
Transportation 506,612 ‐ ‐ ‐ ‐ ‐ ‐
Golf ‐ 608,827 ‐ ‐ ‐ ‐ ‐
TOTAL EXPENSES 506,612 608,827 4,344,758 2,880,864 1,627,505 2,406,673 5,015,834
AMOUNT AVAILABLE FOR DEBT SERVICE 861,174 (90,691) 1,544,239 2,415,502 1,918,757 2,258,089 248,137
DEBT SERVICE:
Principal ‐ ‐ ‐ ‐ ‐ ‐ ‐
Interest ‐ ‐ ‐ ‐ ‐ 173,336 ‐
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ 173,336 ‐
CAPITAL PROJECTS 60,820 ‐ ‐ 188,082 164,713 262,141 ‐
TRANSFERS IN/(OUT)‐ ‐ ‐ ‐ (5,974) (2,689) ‐
CHANGE IN FUND BALANCE 800,354 (90,691) 1,544,239 2,227,420 1,748,070 1,819,923 248,137
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, Apr 30 1,945,103 (200,747) 3,695,695 24,909,041 13,384,585 12,502,701 4,240,515
Page 11 of 37
Monthly Financial Report April 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 ‐ 76,198 ‐ ‐ ‐ ‐ ‐
Grants / intergovernmental ‐ ‐ ‐ ‐ ‐ ‐ 42,430
Charges for services
Equipment rental m&o 934,827 1,216,732 ‐ ‐ ‐ ‐ ‐
Print and mail ‐ 17,622 ‐ 142,713 ‐ ‐ ‐
Communications ‐ ‐ ‐ 199,546 ‐ ‐ ‐
Facilities ‐ ‐ 1,650,808 ‐ ‐ ‐ ‐
Data cards and cell phones ‐ 53,866 ‐ ‐ ‐ ‐ ‐
IT service contracts ‐ 164,152 ‐ ‐ ‐ ‐ ‐
Interest and other misc 8,842 3,536 2,015 876 18,348 11,255 12,968
Internal service fund misc:
Vehicle / equipment capital recovery 1,074,454 49,008 ‐ ‐ ‐ ‐ ‐
Insurance premiums ‐ ‐ ‐ ‐ 633,630 ‐ ‐
Worker's comp/unemployment ‐ ‐ ‐ ‐ 631,325 ‐ ‐
Benefit premiums ‐ ‐ ‐ ‐ ‐ 4,165,584 742,170
Other misc 95 166 9,137 ‐ ‐ 383,651 ‐
Interfund Loan ‐ ‐ ‐ ‐ ‐ ‐ ‐
Capital contributions ‐ ‐ ‐ ‐ ‐ ‐ ‐
Disposal of capital assets 36,270 ‐ ‐ ‐ ‐ ‐ ‐
Insurance recoveries ‐ ‐ ‐ ‐ 53,015 ‐ ‐
TOTAL REVENUES 2,054,488 1,581,280 1,661,960 343,135 1,336,318 4,560,490 797,568
EXPENSES:
Communications 170,721
Equipment rental 743,260
Facilities 1,391,076
Healthcare 4,012,879
Information technology 1,343,900
Print and mail 136,240
Retiree healthcare 353,776
Risk management:
Risk management 874,653
Unemployment 66,784
Worker's compensation 634,329
TOTAL EXPENSES 743,260 1,343,900 1,391,076 306,961 1,575,766 4,012,879 353,776
AMOUNT AVAILABLE FOR CAPITAL 1,311,228 237,380 270,884 36,174 (239,448) 547,611 443,792
CAPITAL PROJECTS 11,920 46,779 101,520 ‐ ‐ ‐ ‐
TRANSFERS IN ‐ 17,856 ‐ ‐ ‐ ‐ ‐
TRANSFERS (OUT)‐ ‐ ‐ ‐ ‐ ‐ ‐
CHANGE IN FUND BALANCE 1,299,308 208,457 169,364 36,174 (239,448) 547,611 443,792
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, Apr 30 6,919,588 2,535,766 1,428,867 612,507 12,845,862 8,070,878 9,336,280
Page 12 of 37
Monthly Financial Report April 2016
FUND BALANCE
Page 14 shows the ending fund balance as of April 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 April, the City has $25.1 million reported in the combined general governmental fund balance of the current year’s
operating budget, which is approximately 20% of budgeted operating expenditures. This is an increase of $5.2 million from the
year’s beginning balance. April’s ending fund balance is over the anticipated General Governmental Fund Balance of $19.5
million by $5.6 million or 28.8%. 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 April 2016
City of Renton
All Funds ‐ Revenue, Expenditures and Fund Balances
Cash Basis through April 30, 2016
Funds
Balance
01/01/2016
Budgeted
Revenue
Revenue
04/30/16
Total Funds
Available
Budgeted
Expenditure
Expenditure
04/30/16 Ending Balance
GENERAL GOVERNMENT FUNDS: 19,962,845 119,185,589 40,464,776 60,427,621 122,721,097 35,281,644 25,145,976
000 General 12,622,447 89,121,012 30,914,357 43,536,804 91,918,450 28,136,230 15,400,574
001 Community Services 2,818,784 12,661,674 4,008,227 6,827,011 13,355,577 3,420,048 3,406,963
003 Street 2,422,668 10,489,584 3,335,471 5,758,139 10,529,492 3,269,843 2,488,296
004 Community Dev Block Grant 66,654 307,462 57,199 123,853 295,986 60,949 62,904
005 Museum 66,388 235,281 58,875 125,263 235,281 73,438 51,825
009 Farmers Market 110,830 96,900 6,400 117,230 88,135 21,624 95,606
011 Fire Health & Wellness 88,406 25,000 8,585 96,991 49,500 4,437 92,555
201 Ltd GO Bonds Gen Govt Debt 845,273 1,755,255 440,042 1,285,315 1,755,255 ‐ 1,285,315
215 Gen Govt Misc Debt Service 921,395 4,493,421 1,635,619 2,557,014 4,493,421 295,075 2,261,939
SPECIAL REVENUE FUNDS: 1,681,875 1,919,264 649,347 2,331,222 2,653,291 404,531 1,926,691
102 Arterial Street 31,697 650,000 211,415 243,112 650,000 ‐ 243,112
108 Leased City Properties 560,515 931,590 282,021 842,536 1,445,852 385,532 457,004
110 Hotel Motel 315,590 225,000 68,945 384,535 326,298 13,500 371,035
125 1% For Art 111,206 15,000 159 111,365 102,950 ‐ 111,365
127 Cable Communication 330,376 97,674 86,332 416,708 128,191 5,499 411,209
135 Springbrook Wetlands Bank 332,491 ‐ 475 332,966 ‐ ‐ 332,966
CAPITAL PROJECT FUNDS (CIP):21,039,649 41,766,061 4,149,387 25,189,036 58,252,162 3,594,159 21,594,877
303 Community Dev Mitigation 1,239,509 86,500 65,470 1,304,979 ‐ ‐ 1,304,979
304 Fire Mitigation 1,209,670 99,000 174,348 1,384,018 250,000 ‐ 1,384,018
305 Transportation Mitigation 937,248 600,000 185,507 1,122,755 800,000 ‐ 1,122,755
316 Municipal Facilities CIP 9,264,141 12,601,188 1,321,844 10,585,985 21,805,950 678,004 9,907,981
317 Transportation CIP 3,947,132 28,379,373 2,395,702 6,342,834 31,971,038 2,957,370 3,385,464
326 Housing Opportunity 1,041,775 ‐ 1,491 1,043,266 25,000 ‐ 1,043,266
336 New Library Development 3,400,174 ‐ 5,025 3,405,199 3,400,174 (41,215) 3,446,414
ENTERPRISE FUNDS:52,179,441 97,832,850 26,562,943 78,742,384 119,221,723 18,265,493 60,476,891
4X2 Airport Operating & CIP 1,144,749 15,253,846 1,367,787 2,512,536 15,222,409 567,432 1,945,104
403 Solid Waste Utility 2,151,456 16,514,320 5,888,997 8,040,453 17,140,339 4,344,758 3,695,695
4X4 Golf Operating & CIP (110,056) 2,812,793 534,798 424,742 2,295,432 625,491 (200,749)
4X5 Water Operating & CIP 22,681,621 16,959,363 5,296,367 27,977,988 28,592,307 3,068,945 24,909,043
4X6 Waste Water Operating & CIP 11,636,515 12,365,533 3,546,262 15,182,777 17,565,925 1,798,194 13,384,583
416 King County Metro 3,992,378 16,638,722 5,263,971 9,256,349 16,638,722 5,015,834 4,240,515
4X7 Surface Water Operating & CIP 10,682,778 17,288,273 4,664,761 15,347,539 21,766,589 2,844,839 12,502,700
INTERNAL SERVICE FUNDS: 39,284,490 37,719,031 12,353,095 51,637,585 37,276,236 9,887,836 41,749,749
501 Equipment Repair/Replacement 5,620,280 6,129,145 2,054,489 7,674,769 5,409,692 755,180 6,919,589
502 Insurance 13,085,310 4,166,201 1,336,318 14,421,628 3,612,594 1,575,766 12,845,862
503 Information Services 2,327,309 4,861,871 1,599,136 3,926,445 5,988,478 1,390,679 2,535,766
504 Facilities 1,259,503 4,953,544 1,661,960 2,921,463 5,389,389 1,492,596 1,428,867
505 Communications 576,333 1,040,239 343,135 919,468 1,112,381 306,960 612,508
512 Insurance, Healthcare 7,523,267 14,295,824 4,560,489 12,083,756 14,596,149 4,012,879 8,070,877
522 Insurance, Leoff1 Retirees HC 8,892,488 2,272,207 797,568 9,690,056 1,167,553 353,776 9,336,280
FIDUCIARY FUNDS:5,299,035 468,000 6,064 5,305,099 200,475 65,710 5,239,389
611 Firemen's Pension 5,299,035 468,000 6,064 5,305,099 200,475 65,710 5,239,389
TOTAL FUNDS 139,447,335 298,890,795 84,185,612 223,632,947 340,324,984 67,499,373 156,133,573
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 14,715,559 18,026,295 (3,310,736) 16,652,109
March 21,798,267 27,039,048 (5,240,781) 14,722,064
April 40,464,776 35,281,644 5,183,131 25,145,976
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)
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
-
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 6,050,416 7,317,475 20.94%
Feb 12,457,812 14,715,559 18.12%
Mar 19,103,967 21,798,267 14.10%
Apr 36,149,368 40,464,776 11.94%
May 53,311,733
Jun 59,636,094
Jul 66,608,101
Aug 73,483,609
Sep 79,945,768
Oct 94,873,796
Nov 109,068,332
Dec 119,185,588
Percent of budget 33.95%
Property Tax Budget
YTD
Actual
Annual %
over (under)
Jan 3,065 44,745 1360.10%
Feb 376,309 359,864 -4.37%
Mar 1,450,568 1,633,550 12.61%
Apr 9,581,661 9,489,780 -0.96%
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 25.50%
$-
$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 4,807,357 3.95%
Mar 6,598,572 6,882,003 4.30%
Apr 8,565,740 8,995,034 5.01%
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 33.63%
Note: Excludes CJ Sales Tax and Natural Gas Use Tax.
Utility Tax Budget
YTD
Actual
Annual %
over (under)
Jan 1,384,085 1,509,960 9.09%
Feb 2,802,425 3,107,308 10.88%
Mar 4,355,647 4,531,081 4.03%
Apr 5,576,759 5,877,363 5.39%
May 6,884,379
Jun 8,202,591
Jul 9,367,751
Aug 10,667,136
Sep 11,870,479
Oct 13,064,155
Nov 14,326,342
Dec 15,717,444
Percent of budget 37.39%
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 438,371 707,784 61.46%
Feb 735,235 1,079,373 46.81%
Mar 947,143 1,559,970 64.70%
Apr 1,265,530 1,809,916 43.02%
May 1,515,887
Jun 1,900,918
Jul 2,421,261
Aug 2,748,612
Sep 3,152,452
Oct 3,516,273
Nov 3,759,344
Dec 4,009,000
Percent of budget 45.15%
Note: GF only
Intergovt'l Budget
YTD
Actual
Annual %
over (under)
Jan 574,724 589,820 2.63%
Feb 1,180,291 1,223,323 3.65%
Mar 1,726,463 1,784,286 3.35%
Apr 2,346,422 2,487,675 6.02%
May 5,320,285
Jun 5,913,963
Jul 6,408,648
Aug 7,292,494
Sep 7,828,061
Oct 8,593,398
Nov 9,794,074
Dec 13,638,194
Percent of budget 18.24%
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 598,604 640,658 7.03%
Feb 1,117,685 1,197,265 7.12%
Mar 1,699,522 1,777,230 4.57%
Apr 2,480,463 2,377,940 -4.13%
May 3,011,873
Jun 3,984,858
Jul 4,884,650
Aug 5,655,002
Sep 6,237,457
Oct 6,840,019
Nov 7,365,845
Dec 8,007,932
Percent of budget 29.69%
Note: Excludes FD25 & FD40 contracts
Fines &
Forfeits Budget
YTD
Actual
Annual %
over (under)
Jan 152,177 136,421 -10.35%
Feb 367,643 354,088 -3.69%
Mar 648,705 617,736 -4.77%
Apr 947,638 868,609 -8.34%
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 26.16%
$-
$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 1,525,197 66.42%
Mar 1,197,449 1,824,678 52.38%
Apr 4,800,048 7,228,286 50.59%
May 5,103,604
Jun 5,569,347
Jul 6,482,574
Aug 6,807,221
Sep 7,123,290
Oct 8,089,336
Nov 8,344,672
Dec 8,359,000
Percent of budget 86.47%
Misc Budget
YTD
Actual
Annual %
over (under)
Jan 199,303 258,876 29.89%
Feb 295,458 1,061,784 259.37%
Mar 417,397 1,187,734 184.56%
Apr 501,772 1,330,173 165.10%
May 602,903
Jun 800,406
Jul 865,007
Aug 995,183
Sep 1,301,627
Oct 1,422,614
Nov 1,534,110
Dec 1,922,616
Percent of budget 69.19%
$-
$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 - 0.00%
Mar 62,500 - 0.00%
Apr 83,333 - 0.00%
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 966,843 1,401,806 44.99%
Mar 1,221,136 1,610,258 31.87%
Apr 1,750,788 1,946,242 11.16%
May 1,962,158
Jun 2,347,812
Jul 2,639,294
Aug 2,857,608
Sep 3,084,329
Oct 3,395,424
Nov 3,533,985
Dec 4,000,000
Percent of budget 48.66%
$-
$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 1,074,783 52.21%
Mar 1,025,109 1,658,442 61.78%
Apr 1,517,577 1,994,550 31.43%
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 38.55%
B & O Tax Budget
YTD
Actual
Annual %
over (under)
Jan - - N/A
Feb - - N/A
Mar - - N/A
Apr 4,500,000 4,578,349 1.74%
May 4,500,000
Jun 4,500,000
Jul 4,750,000
Aug 4,750,000
Sep 4,750,000
Oct 5,000,000
Nov 5,000,000
Dec 5,000,000
Percent of budget 91.57%
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
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 8,915,003 8,625,290 -3.25%
Feb 18,415,063 18,026,295 -2.11%
Mar 27,785,546 27,039,048 -2.69%
Apr 36,589,337 35,281,644 -3.57%
May 49,447,829
Jun 59,406,262
Jul 70,080,169
Aug 80,682,667
Sep 91,030,953
Oct 100,928,386
Nov 110,954,922
Dec 122,721,097
Percent of budget expended 28.75%
Legislative Budget
YTD
Actual
Annual %
over (under)
Jan 33,153 34,732 4.76%
Feb 67,972 64,182 -5.58%
Mar 102,703 99,419 -3.20%
Apr 132,696 129,027 -2.77%
May 163,648
Jun 194,452
Jul 224,495
Aug 254,415
Sep 284,228
Oct 314,294
Nov 344,069
Dec 375,761
Percent of budget expended 34.34%
$-
$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
$400,000
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 92,301 192,359 108.40%
Feb 227,599 322,242 41.58%
Mar 363,001 486,643 34.06%
Apr 501,457 616,267 22.90%
May 639,149
Jun 775,317
Jul 916,869
Aug 1,146,554
Sep 1,302,813
Oct 1,437,782
Nov 1,585,169
Dec 1,784,464
Percent of budget expended 34.54%
City Attorney Budget
YTD
Actual
Annual %
over (under)
Jan 175,034 157,485 -10.03%
Feb 349,257 326,649 -6.47%
Mar 527,350 498,957 -5.38%
Apr 710,479 670,522 -5.62%
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 30.29%
$-
$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 345,603 335,163 -3.02%
Mar 524,116 508,523 -2.98%
Apr 706,499 678,807 -3.92%
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 31.03%
CED Admin Budget
YTD
Actual
Annual %
over (under)
Jan 91,015 95,028 4.41%
Feb 182,252 190,655 4.61%
Mar 273,489 286,282 4.68%
Apr 367,204 382,305 4.11%
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 32.86%
$-
$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 245,192 212,162 -13.47%
Feb 507,046 448,710 -11.50%
Mar 783,880 676,129 -13.75%
Apr 1,054,990 892,326 -15.42%
May 1,318,847
Jun 1,572,704
Jul 1,822,169
Aug 2,087,371
Sep 2,322,992
Oct 2,570,741
Nov 2,821,115
Dec 3,101,790
Percent of budget expended 28.77%
Economic
Development Budget
YTD
Actual
Annual %
over (under)
Jan 55,274 50,235 -9.12%
Feb 141,171 108,276 -23.30%
Mar 213,971 166,805 -22.04%
Apr 287,984 287,672 -0.11%
May 353,332
Jun 426,061
Jul 506,321
Aug 587,572
Sep 662,674
Oct 733,151
Nov 809,820
Dec 911,753
Percent of budget expended 31.55%
$-
$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 456,775 411,848 -9.84%
Mar 719,704 630,155 -12.44%
Apr 975,403 846,345 -13.23%
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 26.10%
Finance Budget
YTD
Actual
Annual %
over (under)
Jan 170,399 220,501 29.40%
Feb 348,757 434,053 24.46%
Mar 530,075 642,161 21.15%
Apr 710,548 858,782 20.86%
May 899,902
Jun 1,213,989
Jul 1,412,993
Aug 1,742,187
Sep 1,948,700
Oct 2,152,763
Nov 2,344,422
Dec 2,953,369
Percent of budget expended 29.08%
$-
$0.40
$0.80
$1.20
$1.60
$2.00
$2.40
$2.80
$3.20
$3.60
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 164,231 168,845 2.81%
Mar 303,940 242,432 -20.24%
Apr 375,900 313,676 -16.55%
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 27.23%
Includes Hearing Examiner
Human
Resources Budget
YTD
Actual
Annual %
over (under)
Jan 84,669 89,683 5.92%
Feb 187,462 185,388 -1.11%
Mar 299,503 299,054 -0.15%
Apr 431,140 395,008 -8.38%
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 28.78%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
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 2,968,400 2,819,381 -5.02%
Feb 5,611,554 5,349,745 -4.67%
Mar 8,680,365 8,330,684 -4.03%
Apr 11,315,325 10,868,880 -3.95%
May 14,289,523
Jun 17,109,964
Jul 20,167,107
Aug 22,840,420
Sep 25,876,796
Oct 28,602,024
Nov 31,665,502
Dec 34,856,639
Percent of budget expended 31.18%
Fire &
Emergency
Services Budget
YTD
Actual
Annual %
over (under)
Jan 2,524,668 2,291,374 -9.24%
Feb 5,387,429 5,299,522 -1.63%
Mar 7,616,146 7,516,586 -1.31%
Apr 9,791,576 9,575,877 -2.20%
May 11,970,582
Jun 14,200,052
Jul 16,476,940
Aug 18,932,437
Sep 21,226,190
Oct 23,420,500
Nov 25,712,378
Dec 28,240,123
Percent of budget expended 33.91%
$-
$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 51,313 52,449 2.21%
Feb 106,151 113,335 6.77%
Mar 166,408 155,142 -6.77%
Apr 219,984 196,747 -10.56%
May 269,629
Jun 318,350
Jul 373,308
Aug 427,541
Sep 481,684
Oct 534,206
Nov 589,603
Dec 655,344
Percent of budget expended 30.02%
Parks Budget
YTD
Actual
Annual %
over (under)
Jan 336,143 302,959 -9.87%
Feb 700,947 615,902 -12.13%
Mar 1,083,549 949,380 -12.38%
Apr 1,459,798 1,301,241 -10.86%
May 1,864,820
Jun 2,298,738
Jul 2,803,971
Aug 3,298,106
Sep 3,795,912
Oct 4,241,176
Nov 4,633,809
Dec 5,065,610
Percent of budget expended 25.69%
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
Millions Parks
Budget
Actual
Last Year
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
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 75,967 46,446 -38.86%
Feb 155,277 103,226 -33.52%
Mar 253,324 165,213 -34.78%
Apr 346,004 211,159 -38.97%
May 467,457
Jun 559,036
Jul 680,904
Aug 791,212
Sep 915,691
Oct 1,046,163
Nov 1,169,288
Dec 1,292,543
Percent of budget expended 16.34%
Recreation Budget
YTD
Actual
Annual %
over (under)
Jan 333,199 330,010 -0.96%
Feb 695,830 697,557 0.25%
Mar 1,066,777 1,078,551 1.10%
Apr 1,449,516 1,463,737 0.98%
May 1,833,626
Jun 2,256,512
Jul 2,918,465
Aug 3,604,071
Sep 4,146,829
Oct 4,519,658
Nov 4,905,603
Dec 5,350,288
Percent of budget expended 27.36%
$-
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
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 49,110 81,352 65.65%
Feb 125,070 213,832 70.97%
Mar 261,952 269,088 2.72%
Apr 415,655 395,807 -4.78%
May 482,759
Jun 549,115
Jul 688,263
Aug 780,310
Sep 841,325
Oct 998,379
Nov 1,058,789
Dec 1,245,394
Percent of budget expended 31.78%
Neighborhoods
, Resources,
and Events Budget
YTD
Actual
Annual %
over (under)
Jan 67,315 66,354 -1.43%
Feb 164,242 144,459 -12.05%
Mar 234,621 213,473 -9.01%
Apr 302,985 268,788 -11.29%
May 372,264
Jun 455,511
Jul 584,532
Aug 682,794
Sep 775,886
Oct 856,667
Nov 940,044
Dec 1,079,926
Percent of budget expended 24.89%
$-
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
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 37,570 -0.59%
Mar 56,682 55,330 -2.39%
Apr 75,818 73,438 -3.14%
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 31.21%
Public Works
Admin Budget
YTD
Actual
Annual %
over (under)
Jan 33,648 33,119 -1.57%
Feb 68,336 67,230 -1.62%
Mar 102,357 100,509 -1.81%
Apr 136,585 133,872 -1.99%
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 32.37%
$-
$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 395,932 400,277 1.10%
Feb 817,377 805,426 -1.46%
Mar 1,243,762 1,236,414 -0.59%
Apr 1,720,451 1,676,774 -2.54%
May 2,164,177
Jun 2,612,305
Jul 3,090,003
Aug 3,565,717
Sep 4,014,860
Oct 4,501,814
Nov 4,933,704
Dec 5,420,445
Percent of budget expended 30.93%
Transportation Budget
YTD
Actual
Annual %
over (under)
Jan 320,144 356,191 11.26%
Feb 705,069 720,619 2.21%
Mar 1,165,698 1,219,946 4.65%
Apr 1,649,817 1,593,069 -3.44%
May 2,044,470
Jun 2,440,216
Jul 2,848,513
Aug 3,279,472
Sep 3,674,487
Oct 4,115,120
Nov 4,509,015
Dec 5,109,047
Percent of budget expended 31.18%
$-
$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 295,075 295,075 0.00%
Mar 295,075 295,075 0.00%
Apr 295,075 295,075 0.00%
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 4.72%
Non-
Departmental
Other City Budget
YTD
Actual
Annual %
over (under)
Jan 294,800 294,800 0.00%
Feb 566,783 566,783 0.00%
Mar 917,099 917,099 0.00%
Apr 1,156,445 1,156,445 0.00%
May 2,937,052
Jun 3,524,462
Jul 4,111,872
Aug 4,699,283
Sep 5,286,693
Oct 5,874,103
Nov 6,461,514
Dec 7,048,924
Percent of budget expended 16.41%
$-
$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 5,805,287 6,349,407 3,113,758
Feb 15,262,256 12,660,071 7,764,200
Mar 22,517,502 18,599,026 12,419,394
Apr 28,140,453 24,660,335 17,069,879
May 37,588,271
Jun 49,374,049
Jul 56,453,518
Aug 64,298,927
Sep 72,337,317
Oct 79,774,799
Nov 87,316,674
Dec 101,703,882
Percent of budget expended 10.73%
Note: Operations and Capital
Airport Budget Revenue Expense
Jan 271,720 379,338 102,054
Feb 745,289 746,998 246,569
Mar 4,056,315 1,127,792 409,998
Apr 5,125,537 1,367,786 567,432
May 7,621,708
Jun 8,432,149
Jul 9,375,786
Aug 10,621,588
Sep 11,676,349
Oct 12,471,263
Nov 13,819,664
Dec 15,222,409
Percent of budget expended 3.73%
Note: Operations and Capital
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
Millions Utilities
Budget
Revenue
Expense
$-
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
$16.00
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 116,391 72,468 118,352
Feb 266,941 183,666 290,598
Mar 417,955 302,635 438,062
Apr 589,411 534,799 625,491
May 810,690
Jun 967,871
Jul 1,135,836
Aug 1,308,140
Sep 1,481,465
Oct 1,678,887
Nov 1,805,131
Dec 2,295,432
Percent of budget expended 27.25%
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