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HomeMy WebLinkAbout201609, SeptemberADMINISTRATIVE SERVICES  DEPARTMENT       M   E   M   O   R   A   N   D   U   M       DATE: November 14, 2016    TO: Randy Corman, Council President  Members of the Renton City Council     CC: Denis Law, Mayor  Administrators     FROM: Hai Nguyen, Sr. Finance Analyst     SUBJECT: September 2016 Financial Status Report       At the end of September, general governmental revenues show $5.2 million or 6.4% over budget.   Revenue source(s) that are higher than expected are: sales tax ($1.5 million); sales tax annexation  credit ($252k); utility taxes ($298k); gambling taxes ($731k); real estate excise taxes ($538k);  business & occupation taxes ($785k); state shared revenues ($282k); franchise fees ($125k);  public safety ($236k); seizure funds ($739k, restricted to drug enforcement and not available for  general purposes) and other miscellaneous ($167k).  If we remove seizure funds, general  governmental revenues are $4.4 million or 5.5% over budget.  On the down side, the revenue  source(s) that are underperforming the year to date budget are interfund/interdept services  ($274k below) and fines & penalties ($326k below).    General government expenditures showed a favorable variance of $4.4 million or 5.1%.  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$  19,962,845$    19,962,845$ 19,962,845$    ‐                      0.0% OPERATING REVENUES Property Tax 35,295,390        19,063,243     36,369,429          19,926,497     37,213,314       20,388,854    20,390,534      1,679                0.0% Sales  Tax 21,512,379        15,848,576     23,439,266          17,244,509     23,999,421       17,685,625    19,205,912      1,520,287      8.6% Sales  Tax ‐ Annexation  Credit 2,542,394           1,871,383        2,778,858             2,044,990        2,748,167          2,022,615       2,274,212         251,596          12.4% Criminal Justice Sales  Tax 2,267,947           1,667,795        2,484,718             1,835,781        2,580,795          1,902,514       1,995,493         92,979             4.9% Natural Gas  Use Tax 271,485                226,754            228,899                  177,681             268,000               208,032            148,220             (59,812)            ‐28.8% Admission Tax 310,311                233,681            309,790                  234,588             320,000               241,648            202,120             (39,527)            ‐16.4% Franchise Fees 1,342,269           970,939            1,349,154             1,009,218        1,260,000          927,018            1,052,459         125,441          13.5% Electricity Tax 5,167,444           3,921,538        5,012,962             3,695,020        4,946,019          3,700,406       4,113,843         413,437          11.2% Natural Gas  Utility Tax 1,562,341           1,252,156        1,437,552             1,116,417        1,350,900          1,066,607       1,042,176         (24,431)             ‐2.3% Garbage/Solid Waste 573,457                432,124            638,073                  459,208             580,000               426,711            534,590             107,879          25.3% TV Cable 1,518,821           1,123,450        1,591,866             1,176,035        1,629,365          1,204,461       1,191,869         (12,592)             ‐1.0% Telephone 909,088                686,565            880,233                  670,815             952,500               722,567            654,472             (68,095)             ‐9.4% Cellular Phone 1,951,925           1,398,185        1,674,355             1,255,104        1,671,056          1,222,684       1,180,820         (41,863)             ‐3.4% City Utilities 3,961,052           3,006,754        4,183,165             3,201,078        4,208,377          3,207,785       3,191,077         (16,708)             ‐0.5% Utility Tax  Audit 460,513                460,513            1,962,092             1,446,078        111,227               111,227            111,227             ‐                       0.0% Leasehold Excise  Tax 171,470                101,390            163,314                  94,334                179,000               104,648            99,207                (5,441)               ‐5.2% Gambling Excise  Tax 1,650,384           1,188,994        2,299,156             1,679,181        1,600,000          1,161,928       1,893,081         731,154          62.9% Real Estate Excise  Tax 4,348,762           3,596,857        4,595,166             3,334,347        4,000,000          4,214,427       4,752,757         538,331          12.8% Less: CIP REET (1,650,000)          (682,151)           (1,401,300)            (833,587)           (2,000,000)         (2,376,379)      (2,376,379)       ‐                       0.0% EMS Levy 916,361                676,175            936,406                  468,203             1,069,454          479,597            479,597             ‐                       0.0% B&O Taxes ‐                            ‐                         ‐                              ‐                          5,000,000          4,750,000       5,634,767         884,767          18.6% Less: CIP B&O Taxes ‐                            ‐                         ‐                              ‐                          (2,000,000)         (1,900,000)      (2,000,000)       (100,000)         5.3% Business License Fees 2,965,850           2,217,659        3,125,740             2,352,641        1,921,000          1,641,344       1,603,814         (37,530)            ‐2.3% Less: CIP Business License Fees (2,450,295)          (1,833,433)      (2,584,164)            (1,946,178)       (1,619,000)         (1,375,461)      (1,327,258)       48,204             ‐3.5% Animal  Licenses  and Spec Events  Permits 95,698                   81,599               101,743                  81,505                91,000                  74,715               79,616                4,901                6.6% Building Permits & Development Svc Fees 4,519,234           3,431,861        6,077,055             4,694,970        5,173,368          3,974,931       4,048,763         73,832             1.9% Intergovt'l (Grants, State Shared, etc) 4,522,540           3,425,085        4,053,617             2,891,843        4,584,490          2,763,842       2,941,186         177,344          6.4% Fire District 25 and 40 Contracts 5,959,428           3,208,552        6,369,132             3,343,329        6,128,712          3,517,779       3,517,779          ‐                       0.0% Public Safety 844,375                550,341            649,797                  518,735             630,135               451,247            687,505             236,258          52.4% Culture and Recreation 1,485,123           1,346,998        1,587,878             1,428,468        1,727,393          1,560,142       1,479,398         (80,745)            ‐5.2% Interfund/Interdept‐Services 3,270,503           2,496,042        3,106,430             2,340,319        3,689,406          2,767,055       2,493,542         (273,512)         ‐9.9% Fines  and Penalties 962,977                747,208            848,052                  589,076             1,126,500          833,828            625,162             (208,666)         ‐25.0% Photo Enforcement 1,719,971           1,152,252        2,171,184             1,570,585        2,194,000          1,535,252       1,417,532         (117,720)         ‐7.7% Seizure  Funds ‐ Federal/State/Local 68,870                   59,352               21,676                     14,671                50,000                  40,876               779,491             738,615          1807.0% Interests and Other Earnings 981,630                491,442            973,208                  519,421             875,300               452,625            534,183             81,558             18.0% Rents, Leases, and Concessions 711,070                635,825            762,361                  657,862             598,616               525,591            554,970             29,379             5.6% Contributions  and Donations 113,626                83,499               147,292                  94,424                96,700                  65,941               80,613                14,672             22.3% Other Miscellaneous 879,105                604,216            941,127                  693,084             705,630               512,531            679,708             167,177          32.6% Other Financing Sources  (Transfer‐In, etc) 48,632                   27,482               270,224                  7,607                   250,000               6,075                  6,075                   ‐                       0.0% Total  Operating Revenues 111,782,133     75,770,901     119,555,505       80,087,858     119,910,845    80,821,287    85,974,133      5,152,846      6.4% OPERATING EXPENDITURES Council 309,317                234,318            320,877                  242,364             375,761               284,228            271,193             13,034             4.6% Executive 1,338,738           972,904            1,691,189             1,239,205        1,784,464          1,302,813       1,333,539         (30,725)            ‐2.4% City Attorney 1,829,254           1,352,254        1,791,167             1,381,137        2,213,353          1,671,064       1,512,690         158,374          9.5% Court Services 2,016,273           1,495,607        2,013,364             1,502,782        2,187,710          1,627,840       1,546,812         81,028             5.0% Community and Eco  Dvlpmnt Admin 1,010,761           756,148            1,183,052             914,918             1,163,302          886,107            864,286             21,821             2.5% Development Services 2,659,078           2,003,133        2,632,264             1,959,658        3,197,543          2,394,704       2,121,707         272,997          11.4% Economic Development 654,007                465,775            658,515                  488,183             1,668,872          1,212,958       676,493             536,465          44.2% Planning 2,095,706           1,486,360        2,606,551             1,965,628        3,019,484          2,216,643       2,047,141         169,501          7.6% Finance 2,644,827           1,770,575        3,132,812             2,041,642        2,953,369          1,948,700       2,042,155         (93,455)            ‐4.8% City Clerk 1,152,246           783,328            1,027,084             618,893             1,151,870          741,134            684,984             56,150             7.6% Human Resources 922,668                677,205            1,182,629             846,717             1,372,669          993,608            883,392             110,216          11.1% Police 26,383,640        19,466,352     28,144,699          20,949,453     30,153,639       22,349,546    21,299,489      1,050,057      4.7% Jail Services 3,760,273           2,820,696        4,142,266             3,107,600        4,703,000          3,528,733       3,528,733         ‐                       0.0% Fire 25,240,760        19,047,501     26,536,999          19,870,338     28,869,022       19,738,507    19,738,507      ‐                       0.0% Community Services  Admin 480,057                349,406            508,766                  377,032             655,344               481,448            409,466             71,982             15.0% Parks 4,070,181           3,062,286        4,411,383             3,293,368        5,065,610          3,795,912       3,344,418         451,494          11.9% Parks Planning & Natural Resources 722,739                520,028            808,558                  564,806             1,292,543          915,691            654,600             261,090          28.5% Recreation 4,823,865           3,742,543        5,088,483             3,940,486        5,350,288          4,146,992       3,962,318         184,673          4.5% Human Services 1,159,189           778,514            1,225,835             832,688             1,258,447          850,143            796,475             53,668             6.3% Neighborhoods, Resources, & Events 875,223                609,069            958,624                  708,481             1,096,033          787,459            616,242             171,217          21.7% Museum 214,291                158,841            227,094                  170,064             235,281               175,323            170,790             4,534                2.6% Public Works Admin 389,493                291,876            387,493                  291,848             413,579               310,708            300,887             9,821                3.2% Street Maintenance 4,503,315           3,292,979        5,061,723             3,791,733        5,420,445          4,014,860       3,762,097         252,763          6.3% Transportation 4,263,725           3,079,278        4,975,059             3,565,364        6,149,047          4,422,467       3,871,910         550,557          12.4% Debt Service 8,393,140           2,319,244        6,371,715             1,323,214        6,248,676          1,448,946       1,448,946         ‐                       0.0% Non‐Departmental and Other 9,758,346           7,262,067        10,069,740          6,107,821        7,048,924          3,353,015       3,353,015         ‐                       0.0% Total  Operating Expenditures 111,671,112     78,798,286     117,157,942       82,095,423     125,048,276    85,599,547    81,242,284      4,357,263      5.1% Total  Ending Fund Balance 17,565,282$     14,426,876$  19,962,846$       15,557,717$  14,825,414$    15,184,584$ 24,694,693$   9,510,109$   62.6% 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 September 2016 Page 1 of 38 Monthly Financial Report September 2016      OVERVIEW  This financial overview reflects the City’s overall financial position for the fiscal year through September 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 74% of  all resources supporting general governmental activities.   The following section provides detail information on property,  sales, utility, and other taxes.    Property Tax  September’s collection is $559k,  making the total year‐to‐date  collection $20.4 million or 54.8%  of the total budget.  In  comparison to the previous year,  the City collected $464k or 2%  more.  Compared to the budget,  the City is right on target.  The  April/May variance is due to the  timing of collections in the  current year compared to the  prior year.                  Sales Tax  September 2016 sales tax  receipts totaled $2.2 million.   Compared with the same month  last year, it is $79k or 4% more.   Compared to the projected  current month’s budget, it is  $148k or 7% above.  The year‐to‐ date collection of $19.2 million is  $2 million or 11% more than the  prior year and is also $1.5 million  or 9% more than budgeted.  New  Construction, Auto Sales and  Services 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$            68,794$            44,745$            (22,489)$            ‐33% (24,049)$            ‐35% Feb 307,006            314,129            315,119            8,113                  3% 990                       0% Mar 939,218            961,010            1,273,685        334,468            36% 312,675            33% Apr 10,160,118     10,395,864     7,856,230        (2,303,888)      ‐23% (2,539,634)      ‐24% May 7,583,868        7,759,837        9,906,533        2,322,666        31% 2,146,696        28% Jun 147,318            150,736            137,794            (9,524)                  ‐6% (12,942)              ‐9% Jul 65,395               66,912               57,174               (8,221)                  ‐13% (9,739)                  ‐15% Aug 94,817               97,017               240,536            145,720            154% 143,520            148% Sep 561,525            574,554            558,716            (2,809)                  ‐1% (15,838)               ‐3% Oct 6,263,616        6,408,951         Nov 9,975,046        10,206,498      Dec 204,271            209,010             YTD  Total 19,926,497$  20,388,854$  20,390,534$  464,036$         2% 1,679$               0% Annual  Total 36,369,429$  37,213,314$   Property Tax  Revenues Year  to Date through September 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        2,314,220        336,377            17% 216,067            10% Jun 1,677,458        1,842,450        2,127,406        449,947            27% 284,956            15% Jul 1,866,949        1,907,549        2,103,896        236,948            13% 196,347            10% Aug 2,178,289        2,108,862        2,438,277        259,988            12% 329,415            16% Sep 2,100,591        2,030,965        2,179,438        78,848               4% 148,473            7% Oct 2,014,951        2,100,010        ‐                          Nov 2,158,753        2,153,518        ‐                          Dec 2,021,053        2,060,268        ‐                          YTD  Total 17,244,509$  17,685,625$  19,205,912$  1,961,403$     11% 1,520,287$     9% Annual  Total 23,439,266$  23,999,421$   2016 vs. Budget2016 vs. 2015 Month Year to Date through September Local Retail Sales  Tax  Revenues Page 2 of 38 Monthly Financial Report September 2016      The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business  sectors:                      Utility tax   September utility tax revenues  are $1.3 million, which is $63k or  5% higher than the same month  last year and is higher than the  budget by $74k or 6%.  The year‐ to‐date collection is $12.2  million, which is $1 million or 8%  lower than the prior year but is  $298k or 3% higher than the  budget. The large June/July  variance with the prior year is  due to the recognition of utility  tax audit proceeds.            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        1,363,323        100,559            8% 55,703               4% Jun 1,815,284        1,318,211        1,125,845        (689,439)            ‐38% (192,366)            ‐15% Jul 2,175,167        1,165,160        1,276,335        (898,831)            ‐41% 111,175            10% Aug 1,351,000        1,299,385        1,247,926        (103,074)            ‐8% (51,459)               ‐4% Sep 1,214,144        1,203,343        1,277,502        63,358               5% 74,158               6% Oct 1,204,406        1,193,676         Nov 1,342,058        1,262,186         Dec 1,865,296        1,391,102         YTD  Total 13,197,436$  11,870,479$  12,168,294$  (1,029,141)$   ‐8% 297,815$         3% Annual  Total 17,609,196$  15,717,444$   2016 vs. Budget2016 vs. 2015 Year to Date through September Utility Tax  Revenues Month Sales  Tax  by Sector 2015 2016 Bgt YTD Act Change 2016/2015 2016 Act  vs  Bgt New Construction 2,071,656$     2,361,765$     3,257,649$     1,185,993$  57% $        895,884 38% Auto Sales 3,383,156        3,483,920        3,600,234        217,078          6%            116,314 3% General Retail 5,292,860        5,312,344        5,408,235        115,375          2%               95,891 2% Manufacturing 1,327,010        1,295,684        1,318,891        (8,119)               ‐1%               23,208 2% Wholesale 890,964            898,569            959,047            68,083             8%               60,478 7% Service 3,849,009        3,872,765        4,191,570        342,561          9%            318,805 8% Other 429,855            460,579            470,287            40,432             9%                  9,708 2% YTD  Total 17,244,509$  17,685,625$  19,205,912$  1,961,403$  11%1,520,287$    9% 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 3,695,020$     3,700,406$     4,113,843$     418,824$       11% $        413,437 11% Natural  Gas 1,294,098        1,274,639        1,190,396        (103,702)        ‐8%             (84,243)‐7% Cell 1,255,104        1,222,684        1,180,820        (74,283)            ‐6%             (41,863)‐3% Phone 670,815            722,567            654,472            (16,343)            ‐2%             (68,095)‐9% Cable 1,176,035        1,204,461        1,191,869        15,834             1%             (12,592)‐1% Garbage/Solid Waste 459,208            426,711            534,590            75,382             16%            107,879 25% City Utilities 3,201,078        3,207,785        3,191,077        (10,001)           0%             (16,708)‐1% Utility Tax  Audit 1,446,078        111,227            111,227            (1,334,851)    ‐92%                              ‐ 0% YTD  Total 13,197,436$  11,870,479$  12,168,294$  (1,029,141)$ ‐8%297,815$        3% Annual Total 17,609,196$  15,717,444$   YTD  as % of 75% 76% Page 3 of 38 Monthly Financial Report September 2016      Other Taxes     Real Estate Excise Tax  The City collected $522k in Real  Estate Excise Tax revenues (REET)  for September.  This is $73k or  16% more than the same month  last year and is also $74k or 16%  more than the current month’s  budget.  The year‐to‐date  collection is $4.8 million, which is  $1.4 million or 43% more than  the prior year and is also $538k or  13% above the budget.  The  higher than expected variance is  due to 20 large transactions in  December, January, April, June,  July and August which accounts  for $2.2 million of the total REET  collected.      Gambling Tax  September’s Gambling Tax  collections totaled $202k, which  is $21k or 12% above the same  month last year and is above the  current month’s budget by $73k  or 56%.  The year‐to‐date total of  $1.9 million is $214k or 13%  above the prior year and is also  $731k or 63% above budget.   $164k of the year‐to‐date  collections are from a payment  plan of back taxes earned in  2013/2014.    Pull tabs overall had a 1%  decrease, bingo had a 93%  decrease (bingo establishment closed December 2015), and card‐rooms are seeing 12% 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 $1.1 million is $43k or 4%  higher than the prior year and is  also $125k 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            410,185            475,244            81,230               21% 65,059               16% Jun 478,186            496,031            405,179            (73,008)               ‐15% (90,853)               ‐18% Jul 563,474            561,776            644,038            80,564               14% 82,262               15% Aug 281,921            546,907            759,583            477,662            169% 212,676            39% Sep 449,693            448,739            522,472            72,778               16% 73,732               16% Oct 497,978            214,533             Nov 325,743            89,028                Dec 437,098            (517,988)            YTD  Total 3,334,347$     4,214,427$     4,752,757$     1,418,411$     43% 538,331$         13% Annual  Total 4,595,166$     4,000,000$      Month 2016 vs. Budget2016 vs. 2015 Real  Estate Excise  Tax  Revenues Year  to Date through September 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            198,234            15,144               8% 68,027               52% Jun 174,036            125,477            185,042            11,007               6% 59,565               47% Jul 194,895            128,616            194,317            (578)                     0% 65,701               51% Aug 226,785            144,692            322,828            96,043               42% 178,136            123% Sep 180,986            129,810            202,409            21,423               12% 72,600               56% Oct 215,119            150,141             ‐                          Nov 212,838            149,793             ‐                          Dec 192,018            138,138             ‐                          YTD  Total 1,679,181$     1,161,928$     1,893,081$     213,900$         13% 731,154$         63% Annual  Total 2,299,156$     1,600,000$      2016 vs. 2015 Gambling Tax  Revenue Month Year  to Date through September 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            343,910            3,254                  1% 32,621               10% Sep ‐                        ‐                         5,000                  5,000                  100% 5,000                  100% Oct 339,936            309,807            ‐                          Dec ‐                        23,175               ‐                          YTD Total 1,009,218$     927,018$         1,052,459$     43,241$            4% 125,441$         14% Annual  Total 1,349,154$     1,260,000$      Month 2016 vs. 2015 2016 vs. Budget Franchise  Fees  Revenue Year  to Date through September Page 4 of 38 Monthly Financial Report September 2016      Admission Tax   Admission Tax returns are due  quarterly in January, April, July,  and October of each year.  July  2016 collections represent  activities conducted during the  2nd quarter of 2016.  The year‐to‐ date collection of $202k is $31k  or 14% less than the prior year  and is also $39k or 16% less than  the budget.  The decline in  revenue is due to the closure of  Regal East Valley 13 Theater at  the end of 2015.      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.  Year‐to‐date  receipts totaled $5.6 million.  This  is due to one business reporting a  full year’s worth of activity.        Licenses and Permits    Business Licenses  Business Licenses totaled $22k  for September, which is $7k or  24% below the same month last  year but is $4k or 21% above the  current month’s budget.  The  year‐to‐date Business Licenses  revenue of $1.6 million is $749k  or 32% below the prior year and  is also below the budget by $38k  or 2%.  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               60,763               (22,042)               ‐27% (22,803)               ‐27% Oct 75,167               78,334               ‐                          Nov 35                          18                          ‐                          YTD  Total 234,588$         241,648$         202,120$         (30,838)$            ‐14% (38,612)$            ‐16% Annual  Total 309,790$         320,000$          2016 vs. Budget Admission  Tax Revenue Year to Date through September 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 ‐                        ‐                         304,032            304,032            100% 304,032            100% Jun ‐                        ‐                         30,591               30,591               100% 30,591               100% Jul ‐                        250,000            376,209            376,209            100% 126,209            50% Aug ‐                        ‐                         334,807            334,807            100% 334,807            100% Sep ‐                        ‐                         10,779               10,779               100% 10,779               100% Oct ‐                        250,000            ‐                          Nov ‐                        ‐                         ‐                          Dec ‐                        ‐                         ‐                          YTD  Total ‐$                           4,750,000$     5,634,767$     5,634,767$     100% 884,767$         19% Annual  Total ‐$                           5,000,000$      *Total Business & Occupation Taxes (GF & CIP) Business & Occupation  Taxes* Year to Date through September Month 2016 vs. 2015 2016 vs. Budget 2015 2016 2016 Actual Budget Actual $ % $ % Jan 588,093$         973,876            559,894$         (28,199)$            ‐5% (413,982)$         ‐43% Feb 222,022            116,051            275,059            53,038               24% 159,009            137% Mar 26,067               17,169               31,642               5,575                  21% 14,473               84% Apr 513,360            137,602            207,099            (306,261)            ‐60% 69,497               51% May 167,985            80,333               111,131            (56,855)               ‐34% 30,797               38% Jun 25,663               20,615               26,936               1,273                  5% 6,321                  31% Jul 645,791            204,797            248,769            (397,022)            ‐61% 43,971               21% Aug 134,328            72,612               121,095            (13,233)               ‐10% 48,483               67% Sep 29,333               18,289               22,190               (7,143)                  ‐24% 3,901                  21% Oct 637,451            196,327            ‐                          Nov 117,394            71,061               ‐                          Dec 18,254               12,268               ‐                          YTD  Total 2,352,641$     1,641,344$     1,603,814$     (748,826)$        ‐32% (37,530)$           ‐2% Annual  Total 3,125,740$     1,921,000$      *Total Business License (GF & CIP) Business Licenses* Month 2016 vs. 2015 Year to Date through September 2016 vs. Budget Page 5 of 38 Monthly Financial Report September 2016      Building Permits and  Development Service Fees  Building Permits and  Development Service Fee  revenues totaled $380k in  September.  The year‐to‐date  development fees revenue of $4  million is $646k or 14% less than  the year before but is $74k or 2%  higher than budget.  The large  variances in January, March, June  and July are due to large  payments for building permits  and plan review (Southport  Developer, Group Health, Boeing  and Paccar).        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 89%  of the total revenues in this category.  The year‐to‐date total Intergovernmental revenue is $8.9 million or 62% of the budget.       State Shared Revenues  State Shared Revenue  collections totaled $4.4  million since the start of  the year.  Compared to  the prior year, State  Shared Revenues are  above by $499k or 13%.   Compared to the  projected budget, the  City is collecting $282k  or 7% 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            376,324            141,204            60% 84,917               29% Jun 1,024,848        723,808            437,619            (587,229)           ‐57% (286,189)           ‐40% Jul 873,549            585,030            462,211            (411,337)           ‐47% (122,819)           ‐21% Aug 454,971            378,288            397,578            (57,393)               ‐13% 19,290               5% Sep 586,213            478,819            380,480            (205,733)           ‐35% (98,339)               ‐21% Oct 462,191            425,333             Nov 427,863            326,114             Dec 492,031            446,990             YTD  Total 4,694,970$     3,974,931$     4,048,763$     (646,207)$        ‐14% 73,832$            2% Annual  Total 6,077,055$     5,173,368$      Building Permits and Development Service Fees Year to Date through September 2016 vs. Budget2016 vs. 2015 Month Intergovernmental 2015 2016 Bgt YTD  Act Change 2016/2015  2016 Act  vs  Bgt  Fire  District #25 655,274$         698,123$         698,123$         42,850$          7% $                          ‐ 0% Fire  District #40 2,686,855        2,819,656        2,819,656        132,801          5%‐                            0% State  Shared Revenue 3,895,149        4,112,380        4,394,630        499,482          13% 282,250          7% Federal  Grants 624,797            324,310            324,310            (300,487)         ‐48%‐                            0% State  Grants 39,894               51,275               51,274               11,381             29%‐                            0% Other  Grants/Intgovt 635,986            657,987            646,061            10,074             2% (11,927)             ‐2% ARRA Grants ‐                              0                             ‐                              ‐                            N/A ‐                            0% Total  Rev YTD 8,537,955$     8,663,731$     8,934,054$     396,099$       5%270,323$        3% Total  Rev Annual 13,842,673$  14,363,451$   YTD  % 62% 60% 62% Note:  Includes CJ  Sales  Tax  and FD25 & FD40  contracts 2015 2016 2016 Actual Budget Actual $ % $ % Crim Just Sales  Tax 1,835,781$     1,902,514$     1,995,493$     159,712$         9% 92,979$            5% Judicial Contribution 16,390                ‐                         18,092               1,702                  10% 18,092               100% Crim Just ‐ High Crime 125,694            147,960            222,737            97,043               77% 74,777               51% Crim Just ‐ Pop 19,332               17,846               20,178               846                       4% 2,332                  13% Crim Just ‐ Spec Prog 70,894               66,308               73,638               2,743                  4% 7,329                  11% State  DUI 10,847               12,670               11,527               680                       6% (1,143)                  ‐9% Marijuana  Enforcement 2,929                  ‐                         17,739               14,811               506% 17,739               100% Liquor Profits 638,833            637,643            636,375            (2,457)                 0% (1,267)                 0% Liquor Excise  Tax 153,491            283,540            338,846            185,356            121% 55,307               20% Fuel Tax 1,020,959        1,043,899        1,060,004        39,046               4% 16,105               2% YTD Total 3,895,149$     4,112,380$     4,394,630$     499,482$         13% 282,250$         7% Annual  Total 5,439,235$     5,672,795$      2016 vs. Budget State  Shared Revenues 2016 vs. 2015 Revenue Year to Date through September Page 6 of 38 Monthly Financial Report September 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  65% of the total revenue in this category.  The year‐to‐date total charges for services are $6.1 million or 76% of the budget.   The following sections provide detail information for Public Safety, Recreation, and Interfund Services.      Public Safety Services  Public Safety Services totaled  $688k 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 $168k or 32%  more.  Compared to the year‐to‐ date budget, the City is over  budget by $236k or 52%.  The  variance with the prior year and  budget is due to collecting 3 large  payments/reimbursements for  electronic home detention and  School Resource Officer programs.      Recreation  Recreation revenues totaled  $108k for the current month.   Compared to the same month  the prior year, the City collected  $12k or 10% less.  Compared to  the projected monthly budget,  the City collected $27k or 20%  less.  The year‐to‐date collection  of $1.5 million is $51k or 4%  higher than the year before but is  $81k or 5% lower 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 $108k 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               48,201               (7,108)                  ‐13% 9,970                  26% Jun 33,004               59,020               179,089            146,085            443% 120,069            203% Jul 39,540               40,294               34,906               (4,634)                  ‐12% (5,388)                  ‐13% Aug 59,046               51,865               44,439               (14,608)               ‐25% (7,426)                  ‐14% Sep 23,104               28,310               67,570               44,466               192% 39,261               139% Oct 33,339               94,331                ‐                          Nov 46,384               35,303                ‐                          Dec 51,339               49,254               ‐                          YTD  Total 519,935$         451,247$         687,505$         167,570$         32% 236,258$         52% Annual  Total 650,997$         630,135$          Year to Date through September 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               72,246               8,231                  13% (23,756)               ‐25% Jun 227,942            225,001            239,771            11,829               5% 14,769               7% Jul 428,943            420,247            325,043            (103,900)           ‐24% (95,203)               ‐23% Aug 313,197            314,325            349,650            36,453               12% 35,325               11% Sep 119,720            134,250            107,652            (12,068)               ‐10% (26,598)               ‐20% Oct 55,478               72,003                ‐                          Nov 61,601               55,079                ‐                          Dec 42,331               40,169               ‐                          YTD  Total 1,428,468$     1,560,142$     1,479,398$     50,930$            4% (80,745)$           ‐5% Annual  Total 1,587,878$     1,727,393$      Recreation Year  to Date through September 2016 vs. Budget2016 vs. 2015 Month Page 7 of 38 Monthly Financial Report September 2016      Interfund Services  The year‐to‐date collections for  Interfund Services revenues are  $2.5 million.  Compared to the  prior year, the revenues are over  by $153k or 7%.  Compared to the  projected budget, the revenues  are below by $274k or 10%.   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  $2 million.  This is $117k or 5%  lower than a year ago and is also  $326k or 14% 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            272,641            11,867               5% (34,809)               ‐11% Jun 292,480            307,451            260,223            (32,257)               ‐11% (47,228)               ‐15% Jul 252,451            307,451            259,888            7,438                  3% (47,562)               ‐15% Aug 248,774            307,451            273,851            25,076               10% (33,600)               ‐11% Sep 247,822            307,451            286,057            38,236               15% (21,393)              ‐7% Oct 283,145            307,451            ‐                          Nov 257,874            307,451            ‐                          Dec 225,093            307,451            ‐                          YTD  Total 2,340,319$     2,767,055$     2,493,542$     153,224$         7% (273,512)$        ‐10% Annual  Total 3,106,430$     3,689,406$      Interfund Services Year to Date through September 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            214,613            (42,604)               ‐17% (58,783)               ‐22% Jun 268,116            288,287            261,254            (6,862)                  ‐3% (27,033)              ‐9% Jul 221,949            246,930            222,267            318                       0% (24,663)               ‐10% Aug 280,257            313,023            274,964            (5,293)                  ‐2% (38,059)               ‐12% Sep 272,343            299,806            200,986            (71,357)               ‐26% (98,820)               ‐33% Oct 260,327            290,029             Nov 281,222            333,431             Dec 318,027            327,959             YTD  Total 2,159,661$     2,369,080$     2,042,694$     (116,967)$        ‐5% (326,387)$        ‐14% Annual  Total 3,019,236$     3,320,500$      2016 vs. Budget2016 vs. 2015 Year to Date through September Fines  and Penalties by Month Month Year  to Date through September 2015 2016 2016 Actual Budget Actual $ % $ % Civil Penalties 2,295$               11,719$            1,571$               (724)$                   ‐32% (10,148)$            ‐87% Civil Infraction Penalties 274,903            458,408            239,919            (34,984)               ‐13% (218,489)            ‐48% Civil Parking Infraction Penalties 111,505            143,108            117,066            5,562                  5% (26,042)               ‐18% Photo Enforcement Program 1,570,585        1,535,252        1,417,532        (153,053)            ‐10% (117,720)            ‐8% Criminal Traffic  Misdemeanor Fines 57,058               78,990               57,557               499                       1% (21,433)               ‐27% Criminal Non‐Traffic  Fines 45,236               34,551               22,623               (22,613)               ‐50% (11,929)               ‐35% Criminal Costs 72,921               91,390               68,220               (4,701)                  ‐6% (23,170)               ‐25% Non‐Court Fines, Forfeitures and Penalties 25,159               15,663               118,206            93,047               370% 102,543            655% YTD  Total 2,159,661$     2,369,080$     2,042,694$     (116,967)$        ‐5% (326,387)$        ‐14% Annual  Total 3,019,236$     3,320,500$      Revenue 2016 vs. Budget Fines  and Penalties by Type 2016 vs. 2015 Page 8 of 38 Monthly Financial Report September 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 $1.4 million.      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 $2.3 million.   Compared to last year, the  revenues are above by $670k or  42%.  Compared to the projected  year‐to‐date budget, the  revenues are over by $979k or  75%.  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            139,504            (5,249)                  ‐4% 38,374               38% Jun 215,629            197,504            174,848            (40,781)               ‐19% (22,656)               ‐11% Jul 189,913            64,601               181,285            (8,628)                  ‐5% 116,684            181% Aug 199,969            130,176            294,665            94,696               47% 164,489            126% Sep 139,977            306,444            160,616            20,638               15% (145,828)           ‐48% Oct 173,512            120,987             Nov 148,227            111,497             Dec 435,114            388,506             YTD  Total 1,610,722$     1,301,627$     2,281,090$     670,368$         42% 979,464$         75% Annual  Total 2,367,576$     1,922,616$      Year to Date through September 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            143,229            89,912               95,046               48,182                Jun 186,599            193,341            89,912               95,109               98,232                Jul 164,807            144,672            89,912               95,037               49,635                Aug 221,543            154,121            89,912               94,934               59,187                Sep 213,406            130,456            89,912               94,875               35,580                Oct 195,225             ‐                         89,912                ‐                         ‐                          Nov 218,318            ‐                         89,912               ‐                         ‐                          Dec 245,205            ‐                         89,912               ‐                         ‐                          YTD  Total 1,535,252$     1,417,532$     809,207$         789,061$         628,470$          Annual  Total 2,194,000$     1,078,943$      1Actuals  of Revenues and Expenses ExpensesRevenues Photo Enforcement Program Year to Date through September Month 2015 2016 2016 Actual Budget Actual $ % $ % Interests and Other  Earnings 519,421$         452,625$         534,183$         14,762$            3% 81,558$            18% Rents, Leases, and Concessions 657,862            525,591            554,970            (102,893)            ‐16% 29,379               6% Contributions/Donations from  Private Sources 94,424               65,941               80,613               (13,810)               ‐15% 14,672               22% Other 324,344            216,594            331,834            7,489                  2% 115,239            53% Seizure  Funds ‐ Federal/State/Local 14,671               40,876               779,491            764,820            5213% 738,615            1807% YTD Total 1,610,722$     1,301,627$     2,281,090$     670,368$         42% 979,464$         75% Annual Total 2,367,576$     1,922,616$      2016 vs. Budget Miscellaneous  Revenues by Type Year to Date through September Revenue 2016 vs. 2015 Page 9 of 38 Monthly Financial Report September 2016      EXPENSES  Overall the City has expended 65% of its budgeted general governmental expenditures at the end of September.  This is $4.4  million or 5.1% 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 $31k or 2.4%.  This is due to overspending on the year‐to‐date  budget for general professional services (public defenders and community/government relations contracts).  We will  monitor the budget to determine if a budget amendment is necessary at year‐end.    Administrative Services (Finance and City Clerk) department is over the year‐to‐date budget by $37k or 1.4%.  This is due  higher than expected merchant fees (credit card and ACH transaction costs) and spending patterns of professional services  (utility tax audit services) compared to prior years.  We will monitor the budget to determine if a budget amendment is  necessary at year‐end for the professional services.     Page 10 of 38 Monthly Financial Report September 2016      CASH AND INVESTMENTS –  3RD QUARTER  The current cash and  investments (C&I)  portfolio is provided in  the table to the right.  The  City’s current C&I balance  is $153.5 million.    Currently, the majority of  the portfolio is located in  cash deposits (US Bank).  The rest is spread out  between the State  Investment Pool, US  Federal Agency  Securities, and various  certificates of deposits.      The existing portfolio yield is approximately 0.66%.  Current  % Blended Allowed  per policy Current  Portfolio (principal value) 40% N/A $        61,710,171  0% 100%‐$                     33% 75% 50,054,096$        12% 75% 18,453,255$        15% 75% 23,322,161$        0% 25%‐$                     TOTAL INVESTMENTS 100%153,539,684$       *Excluding Cash the portfolio distribution is 50% LGIP; 23% CD's; 27% GSE's By Type Cash US Treasury Securities Local Government Investment Pool US Federal  Agency Securities Certificates of  Deposit Commercial  Paper Cash 40% LGIP 33% GSE's 12% CD's 15% Distribution by Type          By Institution Current  % Blended Allowed by  Policy Current Portfolio (principal value)Maturity Date APY Weighted  Yield Blended Cash US Bank ‐ Cash 40%N/A 61,710,171 overnight 0.45% 0.18% US Treasury Securities none 0% 100%‐                        N/A N/A N/A Local Government Investment Pool 3920 State Investment Pool 33% 75%50,054,096 10/1/2014 0.10% 0.17% US Federal Agency Securities * 314179A FHLB 1,996,920            8/11/2017 1.05%0.01% 315189D FNMA 4,997,500            10/26/2018 1.06%0.03% 314179G FHLB 5,009,485            10/17/2017 0.93%0.03% 315209A FHLMC 1,600,000            5/26/2020 1.75%0.02% 314179C FNMA 4,849,350          11/28/2017 1.00%0.03% Certificates of Deposit 115184A First Savings Bank Northwest 5,092,087 2/6/2018 1.03%0.03% 116214A First Savings Bank Northwest 5,154,418 2/3/2021 1.67%0.06% 114174A First Savings Bank Northwest 5,000,000 10/29/2017 1.15%0.04% 116191A Opus 3%5,000,000 2/25/2019 1.00%0.03% 111167a Columbia Bank 1% 2,015,400 11/9/2016 0.99%0.01% 216183A Commencement Bank (CDARS)1%1,060,257 9/16/2018 1.00%0.01% Commercial Paper none 0.00% 5%‐                        N/A N/AN/A 153,539,684$       *Held  in our safekeeping account at BNY Trust and Custody TOTAL CASH & INVESTMENTS 20% 10% 75%12% Page 11 of 38 Monthly Financial Report September 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 ‐                  ‐                  ‐                  ‐                  67,323            43,250            ‐                   Grants  / intergovernmental 475,099          ‐                  111,688          ‐                  272,616          1,244,790       ‐                   Charges  for services 108,654          1,581,491       12,829,130     13,176,233     7,523,166       8,073,816       12,134,120      Interdepartmental  services ‐                 ‐                  ‐                  ‐                  ‐                  ‐                  ‐                   Fines  and penalties 2,724              ‐                  ‐                  ‐                  522                 ‐                  ‐                   Rents, leases, and misc fees 1,942,122       361,296          102,257          129,879          ‐                  ‐                  ‐                   Interest and other misc 7,802              1,278              11,583            735,089          886,276          417,451          14,407             TOTAL REVENUES 2,536,401       1,944,065       13,054,658     14,041,201     8,749,903       9,779,307       12,148,527      EXPENSES: Utility billing ‐                 ‐                  106,920          93,003            78,282            127,918          ‐                   Utility systems ‐                 ‐                  11,795,501     2,694,464       2,430,508       10,054,296     ‐                   Utility maintenance ‐                 ‐                  223,880          4,084,421       1,249,409       2,034,946       11,275,782      Transportation 1,230,487       ‐                  ‐                  ‐                  ‐                  ‐                  ‐                   Golf ‐                 1,503,164       ‐                  ‐                  ‐                  ‐                  ‐                   TOTAL EXPENSES 1,230,487       1,503,164       12,126,301     6,871,888       3,758,199       12,217,160     11,275,782      AMOUNT AVAILABLE  FOR DEBT SERVICE 1,305,914       440,901          928,357          7,169,313       4,991,704       (2,437,853)     872,745           DEBT SERVICE: Principal ‐                 ‐                  ‐                  395,175          213,727          ‐                  ‐                   Interest ‐                 ‐                  ‐                  279,122          136,649          510,375          ‐                   TOTAL DEBT SERVICE ‐                 ‐                  ‐                  674,297          350,376          510,375          ‐                   CAPITAL PROJECTS 105,380          66,138            ‐                  695,482          3,469,745       2,446,100       ‐                   TRANSFERS IN/(OUT)‐                 ‐                  ‐                  ‐                  (5,974)            (2,689)            ‐                   CHANGE  IN FUND BALANCE 1,200,534       374,763          928,357          5,799,534       1,165,609       (5,397,017)     872,745           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, Sep 30 2,345,283       264,707          3,079,813       28,481,155     12,802,124     5,285,761       4,865,123            Page 12 of 38 Monthly Financial Report September 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 ‐               148,578        ‐                ‐                     ‐                ‐                ‐                 Grants  / intergovernmental ‐               ‐                ‐                ‐                     ‐                ‐                42,430          Charges  for services Equipment rental  m&o 2,132,215    2,560,656    ‐                ‐                     ‐                ‐                ‐                 Print and mail ‐               39,018         ‐                311,265             ‐                ‐                ‐                 Communications ‐               194,750       232,500       430,201             ‐                ‐                ‐                 Facilities ‐               ‐                3,491,832    ‐                     ‐                ‐                ‐                 Data  cards  and cell  phones ‐               114,222       ‐                ‐                     ‐                ‐                ‐                 IT service contracts ‐               359,166        ‐                ‐                     ‐                ‐                ‐                 Interest and other misc 21,059         8,383           4,807           2,025                 45,356         26,094         30,419          Internal service fund misc: Vehicle  / equipment capital  recovery 2,217,777    110,253       ‐                ‐                     ‐                ‐                ‐                 Insurance premiums ‐               ‐                ‐                ‐                     1,381,568    ‐                ‐                 Worker's  comp/unemployment ‐               ‐                ‐                ‐                     1,382,216    ‐                ‐                 Benefit premiums ‐               ‐                ‐                ‐                     ‐                8,382,963    1,669,120     Other misc 857              166              9,273           ‐                     ‐                798,538       18,229          Interfund Loan ‐               ‐                ‐                ‐                     146,298       ‐                ‐                 Capital  contributions ‐               ‐                ‐                ‐                     ‐                ‐                ‐                 Disposal of capital  assets 39,223         ‐                ‐                ‐                     ‐                ‐                ‐                 Insurance recoveries ‐               ‐                ‐                ‐                     202,102       ‐                ‐                 TOTAL REVENUES 4,411,131    3,535,192    3,738,412    743,491             3,157,540    9,207,595    1,760,198     EXPENSES: Communications 406,733              Equipment rental 3,128,194     Facilities 3,192,692     Healthcare 8,583,458     Information technology 3,135,270     Print and mail 303,507              Retiree healthcare 859,430        Risk management: Risk management 1,758,873     Unemployment 77,769          Worker's  compensation 1,330,399     TOTAL EXPENSES 3,128,194    3,135,270    3,192,692    710,240             3,167,041    8,583,458    859,430        AMOUNT AVAILABLE FOR CAPITAL 1,282,937    399,922       545,720       33,251               (9,501)          624,137       900,768        CAPITAL PROJECTS 772,465       149,998       146,115       ‐                     ‐                ‐                ‐                 TRANSFERS IN ‐               21,335         ‐                12,500               ‐                ‐                ‐                 TRANSFERS (OUT)‐               ‐                ‐                ‐                     ‐                ‐                ‐                 CHANGE IN FUND BALANCE 510,472       271,259       399,605       45,751               (9,501)          624,137       900,768        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, Sep 30 6,130,752    2,598,568    1,659,108    622,084             13,075,809  8,147,404    9,793,256     Page 13 of 38 Monthly Financial Report September 2016      FUND BALANCE  Page 15 shows the ending fund balance as of September 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 September, the City has $24.7 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 $4.7  million from the year’s beginning balance.  Septemer’s ending fund balance is over the anticipated General Governmental  Fund Balance of $15.2 million by $9.5 million or 62.6%.  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 14 of 38 Monthly Financial Report September 2016      City  of Renton All Funds ‐ Revenue, Expenditures and Fund Balances Cash  Basis through September 30, 2016 Funds Balance  01/01/2016 Budgeted  Revenue Revenue  09/30/16 Total Funds   Available Budgeted  Expenditure Expenditure  09/30/16 Ending Balance GENERAL GOVERNMENT FUNDS: 19,962,845      119,910,846    85,974,133      105,936,978    125,048,275    81,242,284      24,694,693       000 General 12,622,447      89,255,466      65,814,305      78,436,752      92,603,349      62,774,146      15,662,606       001 Community Services 2,818,784        12,661,674      8,687,671        11,506,455      13,355,577      8,904,806        2,601,649         003 Street 2,422,668        10,489,584      6,557,488        8,980,156        11,569,492      7,634,007        1,346,149         004 Community Dev Block Grant 66,654             882,158           133,116           199,770           882,158           124,120           75,650              005 Museum 66,388             235,281           117,813           184,201           235,281           170,790           13,411              009 Farmers  Market 110,830           113,007           58,555             169,385           104,242           82,239             87,147              011 Fire Health & Wellness 88,406             25,000             18,935             107,341           49,500             103,231           4,110                201 Ltd  GO Bonds  Gen Govt Debt 845,273           1,755,255        881,813           1,727,086        1,755,255        73,725             1,653,361         215 Gen Govt Mi sc Debt Service 921,395           4,493,421        3,704,436        4,625,831        4,493,421        1,375,221        3,250,610         SPECIAL REVENUE FUNDS: 1,681,875        1,919,264        1,544,515        3,226,390        2,653,291        997,207           2,229,183         102 Arterial  Street 31,697             650,000           499,630           531,327           650,000            ‐                      531,327            108 Leased  City Properties 560,515           931,590           707,514           1,268,029        1,445,852        806,599           461,430            110 Hotel  Motel 315,590           225,000           226,662           542,252           326,298           137,152           405,100            125 1% For Art 111,206           15,000             363                  111,569           102,950           ‐                      111,569            127 Cable  Communication 330,376           97,674             109,262           439,638           128,191           53,456             386,182            135 Springbrook Wetlands  Bank 332,491           ‐                      1,084               333,575           ‐                      ‐                      333,575            CAPITAL PROJECT FUNDS (CIP):21,039,649      37,476,061      13,616,615      34,656,264      54,520,575      11,727,414      22,928,850       303 Community Dev Mitigation 1,239,509        86,500             237,091           1,476,600        ‐                      ‐                      1,476,600         304 Fire  Mitigation 1,209,670        99,000             225,161           1,434,831        850,000           ‐                      1,434,831         305 Transportation  Mitigation 937,248           600,000           508,982           1,446,230        800,000            ‐                      1,446,230         316 Municipal  Facilities CIP 9,264,141        8,201,188        4,364,766        13,628,907      17,364,363      1,819,146        11,809,761       317 Transportation  CIP 3,947,132        28,489,373      8,266,787        12,213,919      32,081,038      8,937,642        3,276,277         326 Housing Opportunity 1,041,775         ‐                      3,401               1,045,176        25,000             1,500               1,043,676         336 New Library Development 3,400,174         ‐                      10,427             3,410,601        3,400,174        969,126           2,441,475         ENTERPRISE FUNDS: 52,179,441      105,611,837    62,291,562      114,471,003    123,482,742    57,347,036      57,123,967       4X2 Airport Operating & CIP 1,144,749        14,755,346      2,536,402        3,681,151        14,164,354      1,335,868        2,345,283         403 Solid Waste  Utility 2,151,456        16,514,320      13,054,658      15,206,114      17,140,339      12,126,301      3,079,813         4X4 Golf Operating & CIP (110,056)         2,812,793        1,981,564        1,871,508        2,295,432        1,606,802        264,706            4X5 Water Operating & CIP 22,681,621      16,308,371      14,041,201      36,722,822      26,092,307      8,241,665        28,481,157       4X6 Waste  Water Operating & CIP 11,636,515      15,324,938      8,749,902        20,386,417      19,415,925      7,584,294        12,802,123       416 King County Metro 3,992,378        16,638,722      12,148,528      16,140,906      16,638,722      11,275,782      4,865,124         4X7 Surface  Water Operating & CIP 10,682,778      23,257,347      9,779,307        20,462,085      27,735,663      15,176,324      5,285,761         INTERNAL SERVICE FUNDS: 39,284,490      37,726,031      26,587,395      65,871,885      37,371,074      23,844,901      42,026,984       501 Equipment Repair/Replacement 5,620,280        6,164,145        4,411,132        10,031,412      5,514,530        3,900,659        6,130,753         502 Insurance 13,085,310      4,166,201        3,157,540        16,242,850      3,612,594        3,167,041        13,075,809       503 Information Services 2,327,309        4,833,871        3,556,527        5,883,836        5,960,478        3,285,267        2,598,569         504 Facilities 1,259,503        4,953,544        3,738,412        4,997,915        5,407,389        3,338,807        1,659,108         505 Communications 576,333           1,040,239        755,991           1,332,324        1,112,381        710,239           622,085            512 Insurance, Healthcare 7,523,267        14,295,824      9,207,595        16,730,862      14,596,149      8,583,458        8,147,404         522 Insurance, Leoff1 Retirees  HC 8,892,488        2,272,207        1,760,198        10,652,686      1,167,553        859,430           9,793,256         FIDUCIARY FUNDS:5,299,035        468,000           159,166           5,458,201        200,475           153,824           5,304,377         611 Firemen's  Pension 5,299,035        468,000           159,166           5,458,201        200,475           153,824           5,304,377         TOTAL  FUNDS 139,447,335 303,112,039 190,173,386 329,620,721 343,276,432 175,312,666 154,308,054  Page 15 of 38 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 57,969,563            44,251,964            13,717,599            33,680,444             June 64,628,067            53,224,181            11,403,886            31,366,731             July 71,753,118            67,206,203            4,546,916              24,509,761             August 79,378,013            74,281,749            5,096,264              25,059,109             September 85,974,133            81,242,284            4,731,848              24,694,693             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  7,000,000  8,000,000  9,000,000  10,000,000  11,000,000  12,000,000  13,000,000  14,000,000  15,000,000  ‐  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 16 of 38 City of Renton Monthly Revenue Analysis ‐ 2016 Budget Year General  Government Budget YTD Actual Annual %  over (under) Jan 6,116,145        7,317,475        19.64% Feb 12,464,426      14,715,559      18.06% Mar 18,997,332      21,798,267      14.74% Apr 38,307,505      40,464,776      5.63% May 54,886,764      57,969,563      5.62% Jun 61,537,464      64,628,067      5.02% Jul 68,034,670      71,753,118      5.47% Aug 74,274,073      79,378,013      6.87% Sep 80,821,287      85,974,133      6.38% Oct 93,981,286       Nov 110,707,544     Dec 119,910,845     Percent of budget 71.70% Property Tax Budget YTD Actual Annual %  over (under) Jan 68,794              44,745               ‐34.96% Feb 382,923           359,864            ‐6.02% Mar 1,343,934        1,633,550        21.55% Apr 11,739,798      9,489,780        ‐19.17% May 19,499,635      19,396,313      ‐0.53% Jun 19,650,371      19,534,107      ‐0.59% Jul 19,717,283      19,591,281      ‐0.64% Aug 19,814,300      19,831,817      0.09% Sep 20,388,854      20,390,534      0.01% Oct 26,797,806       Nov 37,004,304       Dec 37,213,314       Percent of budget 54.79%  $‐  $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 17 of 38 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      11,583,888      6.34% Jun 12,941,024      13,963,417      7.90% Jul 15,068,593      16,317,079      8.29% Aug 17,435,267      19,044,048      9.23% Sep 19,708,241      21,480,124      8.99% Oct 22,045,782       Nov 24,451,213       Dec 26,747,588       Percent of budget 80.31% 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        7,240,686        5.18% Jun 8,202,591        8,366,531        2.00% Jul 9,367,751        9,642,866        2.94% Aug 10,667,136      10,890,792      2.10% Sep 11,870,479      12,168,294      2.51% Oct 13,064,155       Nov 14,326,342       Dec 15,717,444       Percent of budget 77.42% 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  $18 Millions Utility Tax Budget Actual Last Year Page 18 of 38 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        2,089,751        37.86% Jun 1,900,918        2,314,634        21.76% Jul 2,421,261        2,716,644        12.20% Aug 2,748,612        3,035,243        10.43% Sep 3,152,452        3,328,686        5.59% Oct 3,516,273         Nov 3,759,344         Dec 4,009,000         Percent of budget 83.03% 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 6,049,855        6,211,081        2.66% Jun 6,972,553        7,149,225        2.53% Jul 7,465,223        7,708,932        3.26% Aug 8,076,002        8,340,808        3.28% Sep 8,663,731        8,934,054        3.12% Oct 9,337,858         Nov 10,700,006       Dec 14,363,451       Percent of budget 62.20% Note:  Includes CJ Sales Tax and FD25 & FD40 contracts  $‐  $2  $4  $6  $8  $10  $12  $14  $16 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 19 of 38 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        2,926,771         ‐2.83% Jun 3,984,858        3,873,402         ‐2.80% Jul 4,884,650        4,648,795         ‐4.83% Aug 5,655,002        5,488,977         ‐2.94% Sep 6,237,457        6,084,569         ‐2.45% Oct 6,840,019         Nov 7,365,845         Dec 8,007,932         Percent of budget 75.98% 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        1,083,222        ‐11.29% Jun 1,509,321        1,344,477        ‐10.92% Jul 1,756,252        1,566,744        ‐10.79% Aug 2,069,275        1,841,708        ‐11.00% Sep 2,369,080        2,042,694        ‐13.78% Oct 2,659,110         Nov 2,992,541         Dec 3,320,500         Percent of budget 61.52%  $‐  $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 20 of 38 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        5,968,173        16.94% Jun 5,569,347        6,431,675        15.48% Jul 6,482,574        7,728,893        19.23% Aug 6,807,221        8,778,071        28.95% Sep 7,123,290        9,258,013        29.97% Oct 8,089,336         Nov 8,344,672         Dec 8,359,000         Percent of budget 110.76% 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           1,469,677        143.77% Jun 800,406           1,644,525        105.46% Jul 865,007           1,825,810        111.07% Aug 995,183           2,120,475        113.07% Sep 1,301,627        2,281,090        75.25% Oct 1,422,614         Nov 1,534,110         Dec 1,922,616         Percent of budget 118.65%  $‐  $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  $10 Millions Other Taxes Budget Actual Last Year Page 21 of 38 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            ‐                         0.00% Jun 6,075                6,075                0.00% Jul 6,075                6,075                0.00% Aug 6,075                6,075                0.00% Sep 6,075                6,075                0.00% Oct 208,333            Nov 229,167            Dec 250,000            Percent of budget 2.43% 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 2,160,973        2,421,486        12.06% Jun 2,657,005        2,826,665        6.39% Jul 3,218,781        3,470,703        7.83% Aug 3,765,687        4,230,285        12.34% Sep 4,214,427        4,752,757        12.77% Oct 4,428,959         Nov 4,517,988         Dec 4,000,000         Percent of budget 118.82%  $‐  $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 22 of 38 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        2,370,874        31.06% Jun 2,532,793        2,808,493        10.89% Jul 3,117,823        3,270,705        4.90% Aug 3,496,111        3,668,283        4.92% Sep 3,974,931        4,048,763        1.86% Oct 4,400,264         Nov 4,726,378         Dec 5,173,368         Percent of budget 78.26% 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        4,882,381        8.50% Jun 4,500,000        4,912,972        9.18% Jul 4,750,000        5,289,180        11.35% Aug 4,750,000        5,623,988        18.40% Sep 4,750,000        5,634,767        18.63% Oct 5,000,000         Nov 5,000,000         Dec 5,000,000         Percent of budget 112.70%  $‐  $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  $6.00 Millions Business & Occupation Tax Budget Actual Last Year Page 23 of 38 City of Renton Monthly Expenditure Analysis ‐ 2016 Budget Year General  Government Budget YTD Actual Annual %  over (under) Jan 8,786,575        8,625,290         ‐1.84% Feb 18,575,857      18,026,295       ‐2.96% Mar 28,081,829      27,039,048       ‐3.71% Apr 36,922,869      35,281,644       ‐4.45% May 46,172,761      44,251,964       ‐4.16% Jun 55,763,905      53,224,181       ‐4.55% Jul 70,497,074      67,206,203       ‐4.67% Aug 78,193,796      74,281,749       ‐5.00% Sep 85,599,547      81,242,284       ‐5.09% Oct 102,929,156     Nov 113,204,609     Dec 125,048,276     Percent of budget expended 64.97% 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           156,960           ‐4.09% Jun 194,452           186,176           ‐4.26% Jul 224,495           214,274           ‐4.55% Aug 254,415           242,571           ‐4.66% Sep 284,228           271,193           ‐4.59% Oct 314,294            Nov 344,069            Dec 375,761            Percent of budget expended 72.17%  $‐  $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 24 of 38 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           744,988           16.56% Jun 775,317           890,444           14.85% Jul 916,869           1,019,792        11.23% Aug 1,146,554        1,165,850        1.68% Sep 1,302,813        1,333,539        2.36% Oct 1,437,782         Nov 1,585,169         Dec 1,784,464         Percent of budget expended 74.73% 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           837,538           ‐6.62% Jun 1,092,924        1,004,061        ‐8.13% Jul 1,282,507        1,173,342        ‐8.51% Aug 1,475,680        1,341,723        ‐9.08% Sep 1,671,064        1,512,690        ‐9.48% Oct 1,846,482         Nov 2,021,528         Dec 2,213,353         Percent of budget expended 68.34%  $‐  $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 25 of 38 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           849,557            ‐4.65% Jun 1,081,645        1,021,277         ‐5.58% Jul 1,265,010        1,191,366         ‐5.82% Aug 1,449,036        1,363,339         ‐5.91% Sep 1,627,840        1,546,812         ‐4.98% Oct 1,805,361         Nov 1,978,143         Dec 2,187,710         Percent of budget expended 70.70% 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           478,727           3.64% Jun 556,162           575,150           3.41% Jul 701,359           671,572           ‐4.25% Aug 793,589           767,998           ‐3.22% Sep 886,107           864,286           ‐2.46% Oct 978,401            Nov 1,070,254         Dec 1,163,302         Percent of budget expended 74.30%  $‐  $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 26 of 38 City of Renton Monthly Expenditure Analysis ‐ 2016 Budget Year Development  Services Budget YTD Actual Annual %  over (under) Jan 252,761           212,162            ‐16.06% Feb 522,698           448,710            ‐14.15% Mar 808,078           676,129            ‐16.33% Apr 1,087,558        892,326            ‐17.95% May 1,359,560        1,125,595         ‐17.21% Jun 1,621,254        1,370,849         ‐15.45% Jul 1,878,419        1,606,944         ‐14.45% Aug 2,151,809        1,850,577         ‐14.00% Sep 2,394,704        2,121,707         ‐11.40% Oct 2,650,101         Nov 2,908,204         Dec 3,197,543         Percent of budget expended 66.35% Economic  Development Budget YTD Actual Annual %  over (under) Jan 101,173           50,235               ‐50.35% Feb 258,400           108,276            ‐58.10% Mar 391,652           166,805            ‐57.41% Apr 527,126           287,672           ‐45.43% May 646,739           361,504           ‐44.10% Jun 779,862           461,549           ‐40.82% Jul 926,769           563,033           ‐39.25% Aug 1,075,492        620,177           ‐42.34% Sep 1,212,958        676,493           ‐44.23% Oct 1,341,958         Nov 1,482,293         Dec 1,668,872         Percent of budget expended 40.54%  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50 Millions Development Services Budget Actual Last Year  $‐  $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60  $1.80 Millions Economic Development Budget Actual Last Year Page 27 of 38 City of Renton Monthly Expenditure Analysis ‐ 2016 Budget Year Planning Budget YTD Actual Annual %  over (under) Jan 206,649           203,948            ‐1.31% Feb 425,262           411,848            ‐3.15% Mar 670,051           630,155            ‐5.95% Apr 908,109           846,345            ‐6.80% May 1,178,355        1,085,749         ‐7.86% Jun 1,442,959        1,327,179         ‐8.02% Jul 1,698,438        1,553,419         ‐8.54% Aug 1,951,022        1,797,371         ‐7.88% Sep 2,216,643        2,047,141         ‐7.65% Oct 2,500,304         Nov 2,749,051         Dec 3,019,484         Percent of budget expended 67.80% 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           1,085,634        20.64% Jun 1,213,989        1,337,642        10.19% Jul 1,412,993        1,550,596        9.74% Aug 1,742,187        1,825,174        4.76% Sep 1,948,700        2,042,155        4.80% Oct 2,152,763         Nov 2,344,422         Dec 2,953,369         Percent of budget expended 69.15%  $‐  $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 28 of 38 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           384,293            ‐14.78% Jun 522,077           460,231            ‐11.85% Jul 593,286           541,066            ‐8.80% Aug 671,377           726,986           8.28% Sep 741,134           684,984            ‐7.58% Oct 834,041            Nov 907,039            Dec 1,151,870         Percent of budget expended 59.47% 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           491,217           ‐9.04% Jun 651,578           584,313           ‐10.32% Jul 766,621           675,537           ‐11.88% Aug 881,492           786,540           ‐10.77% Sep 993,608           883,392           ‐11.09% Oct 1,112,638         Nov 1,219,645         Dec 1,372,669         Percent of budget expended 64.36%  $‐  $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 29 of 38 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 14,290,090      13,787,797       ‐3.51% Jun 17,110,693      16,379,009       ‐4.28% Jul 20,168,189      19,298,967       ‐4.31% Aug 22,841,664      21,856,456       ‐4.31% Sep 25,878,279      24,828,222       ‐4.06% Oct 28,602,024       Nov 31,665,502       Dec 34,856,639       Percent of budget expended 71.23% Fire &  Emergency  Services Budget YTD Actual Annual %  over (under) Jan 2,291,374        2,291,374        0.00% Feb 5,299,522        5,299,522        0.00% Mar 7,516,586        7,516,586        0.00% Apr 9,575,877        9,575,877        0.00% May 11,745,775      11,745,775      0.00% Jun 12,826,352      12,826,352      0.00% Jul 19,651,039      19,651,039      0.00% Aug 19,707,735      19,707,735      0.00% Sep 19,738,507      19,738,507      0.00% Oct 24,057,518       Nov 26,463,270       Dec 28,869,022       Percent of budget expended 68.37%  $‐  $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  $33 Millions Fire & Emergency Services Budget Actual Last Year Page 30 of 38 City of Renton Monthly Expenditure Analysis ‐ 2016 Budget Year Community  Services Admin Budget YTD Actual Annual %  over (under) Jan 51,383              52,449              2.07% Feb 106,296           113,335           6.62% Mar 166,634           155,142            ‐6.90% Apr 220,283           196,697            ‐10.71% May 269,995           240,955            ‐10.76% Jun 318,337           282,185            ‐11.36% Jul 373,106           325,143            ‐12.86% Aug 427,414           366,838            ‐14.17% Sep 481,448           409,466            ‐14.95% Oct 534,041            Nov 589,514            Dec 655,344            Percent of budget expended 62.48% 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        1,638,087        ‐12.16% Jun 2,298,738        2,027,520        ‐11.80% Jul 2,803,971        2,449,585        ‐12.64% Aug 3,298,106        2,895,238        ‐12.22% Sep 3,795,912        3,344,418        ‐11.89% Oct 4,241,176         Nov 4,633,809         Dec 5,065,610         Percent of budget expended 66.02%  $‐  $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 31 of 38 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           300,170            ‐35.79% Jun 559,036           394,070            ‐29.51% Jul 680,904           460,928            ‐32.31% Aug 791,212           556,494            ‐29.67% Sep 915,691           654,600            ‐28.51% Oct 1,046,163         Nov 1,169,288         Dec 1,292,543         Percent of budget expended 50.64% Recreation Budget YTD Actual Annual %  over (under) Jan 333,154           330,010            ‐0.94% Feb 695,736           697,557           0.26% Mar 1,066,633        1,078,551        1.12% Apr 1,449,320        1,463,787        1.00% May 1,833,378        1,843,391        0.55% Jun 2,256,569        2,255,376        ‐0.05% Jul 2,918,647        2,839,821        ‐2.70% Aug 3,604,160        3,456,776        ‐4.09% Sep 4,146,992        3,962,318        ‐4.45% Oct 4,519,771         Nov 4,905,664         Dec 5,350,288         Percent of budget expended 74.06%  $‐  $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 32 of 38 City of Renton Monthly Expenditure Analysis ‐ 2016 Budget Year Human  Services Budget YTD Actual Annual %  over (under) Jan 49,625              81,352              63.93% Feb 126,381           213,832           69.20% Mar 264,698           269,088           1.66% Apr 420,012           395,807            ‐5.76% May 487,819           476,551            ‐2.31% Jun 554,870           528,283            ‐4.79% Jul 695,477           613,350            ‐11.81% Aug 788,488           732,476            ‐7.10% Sep 850,143           796,475            ‐6.31% Oct 1,008,843         Nov 1,069,886         Dec 1,258,447         Percent of budget expended 63.29% Neighborhoods , Resources,  and Events Budget YTD Actual Annual %  over (under) Jan 68,319              66,354              ‐2.88% Feb 166,692           144,459           ‐13.34% Mar 238,120           213,473           ‐10.35% Apr 307,504           268,788           ‐12.59% May 377,816           335,059           ‐11.32% Jun 462,305           392,885           ‐15.02% Jul 593,251           482,399           ‐18.69% Aug 692,978           557,046           ‐19.62% Sep 787,459           616,242           ‐21.74% Oct 869,444            Nov 954,065            Dec 1,096,033         Percent of budget expended 56.22%  $‐  $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 33 of 38 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              92,699               ‐2.93% Jun 115,297           112,304            ‐2.60% Jul 135,152           131,860            ‐2.44% Aug 155,440           151,132            ‐2.77% Sep 175,323           170,790            ‐2.59% Oct 195,438            Nov 215,317            Dec 235,281            Percent of budget expended 72.59% 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           167,151           ‐2.26% Jun 205,573           200,630           ‐2.40% Jul 240,151           234,053           ‐2.54% Aug 275,209           267,579           ‐2.77% Sep 310,708           300,887           ‐3.16% Oct 344,670            Nov 378,434            Dec 413,579            Percent of budget expended 72.75%  $‐  $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 34 of 38 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        2,087,428         ‐3.55% Jun 2,612,305        2,494,337         ‐4.52% Jul 3,090,003        2,917,165         ‐5.59% Aug 3,565,717        3,327,137         ‐6.69% Sep 4,014,860        3,762,097         ‐6.30% Oct 4,501,814         Nov 4,933,704         Dec 5,420,445         Percent of budget expended 69.41% Transportation Budget YTD Actual Annual %  over (under) Jan 385,313           356,191            ‐7.56% Feb 848,593           720,619            ‐15.08% Mar 1,402,988        1,219,946         ‐13.05% Apr 1,985,654        1,593,069        ‐19.77% May 2,460,643        2,119,001        ‐13.88% Jun 2,936,948        2,537,694        ‐13.59% Jul 3,428,357        2,988,891        ‐12.82% Aug 3,947,043        3,412,556        ‐13.54% Sep 4,422,467        3,871,910        ‐12.45% Oct 4,952,795         Nov 5,426,873         Dec 6,149,047         Percent of budget expended 62.97%  $‐  $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 $7.0 Millions Transportation Budget Actual Last Year Page 35 of 38 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 295,075           295,075           0.00% Jun 936,921           936,921           0.00% Jul 1,191,679        1,191,679        0.00% Aug 1,441,996        1,441,996        0.00% Sep 1,448,946        1,448,946        0.00% Oct 5,207,230         Nov 5,727,953         Dec 6,248,676         Percent of budget expended 23.19% 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 1,521,060        1,521,060        0.00% Jun 2,637,745        2,637,745        0.00% Jul 2,860,383        2,860,383        0.00% Aug 3,063,984        3,063,984        0.00% Sep 3,353,015        3,353,015        0.00% Oct 5,874,103         Nov 6,461,514         Dec 7,048,924         Percent of budget expended 47.57%  $‐  $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 36 of 38 City of Renton Monthly Enterprise Fund Financial Report ‐ 2016 Budget Year Utilities Budget Revenue Expense Jan 6,221,803        6,349,407      3,113,758       Feb 16,178,186      12,660,071    7,764,200       Mar 23,982,509      18,599,026    12,419,394     Apr 29,893,898      24,660,335    17,069,879     May 39,799,392      30,851,439    21,831,008     Jun 52,110,648      37,253,721    28,479,554     Jul 59,609,524      44,115,062    34,016,925     Aug 67,816,343      51,070,788    45,010,257     Sep 76,250,053      57,773,544    54,401,676     Oct 84,074,531       Nov 92,029,531       Dec 107,022,956     Percent of budget expended 31.59% Note:  Operations and Capital Airport Budget Revenue Expense Jan 252,834           379,338          102,054           Feb 693,487           746,998          246,569           Mar 3,774,376        1,127,792      409,998           Apr 4,769,280        1,367,786      567,432           May 7,091,951        1,614,567      695,455           Jun 7,846,061        1,834,885      845,678           Jul 8,724,109        2,081,888      997,029           Aug 9,883,320        2,302,425      1,140,620       Sep 10,864,768      2,536,402      1,335,868       Oct 11,604,431       Nov 12,859,109       Dec 14,164,354       Percent of budget expended 9.43% Note:  Operations and Capital $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 $110 $120 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 37 of 38 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           828,065          790,152           Jun 967,871           1,133,239      974,444           Jul 1,135,836        1,437,189      1,243,694       Aug 1,308,140        1,760,424      1,419,407       Sep 1,481,465        1,981,564      1,606,801       Oct 1,678,887         Nov 1,805,131         Dec 2,295,432         Percent of budget expended 70.00% 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 38 of 38