HomeMy WebLinkAboutQuarter 4 2020
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ADMINISTRATIVE SERVICES
M E M O R A N D U M
DATE: February 11, 2021
TO: Randy Corman, Council President
Members of Renton City Council
CC: Armondo Pavone, Mayor
Ed VanValey, Interim Chief Administrative Officer
FROM: Kari Roller, Interim ASD Administrator
STAFF CONTACT: Misty Baker, Sr. Finance Analyst
SUBJECT: Quarterly Financial Report 4th Quarter 2020
The attached report provides a detailed discussion of General Fund revenues and
expenditures with comparison to prior year and budget through the end of 2020.
General Fund revenues, excluding Interfund transfers, were $106.9M, which is $11M less
than 2019, but $8.7M over budget. General Fund expenditures, excluding Interfund
transfers, were $97M, which is $3.2M less than 2019 and $10.7M less than budget.
Detailed explanations are provided for items with variances exceeding $100K.
Also provided are tables for each of the City’s other funds with comparison to prior year
and annual budget (YTD budgets are not prepared for City funds with the exception of the
General Fund). For funds that adopt capital project budgets (which are subject to carry
forward in accordance with City Policy 220‐01), schedules of the project budgets have
also been provided.
Please do not hesitate to contact me at x6869 should you have any questions or any
suggestions about the report.
Page 1 of 45
OVERVIEW
This quarterly financial report reflects the City’s revenue and expenditures/expenses for the fiscal year through December
31, 2020. A detailed analysis, including current to prior year and budget to actual comparison is included for each City fund.
Excluded from this report are the City’s fiduciary funds as these funds are held on behalf of others and are not available for
City use. Budget figures shown include adjustments adopted through Ordinance 5995, which includes revenue and
expenditure budget reductions in response to COVID‐19.
GENERAL FUND
The General Fund is used to account for resources that are not generally dedicated for a specific purpose. The General Fund
is used to meet the basic services that the City provides including, but not limited to, police protection, parks and recreation,
human services, municipal court, street maintenance and planning, economic development, and administrative functions.
The table below displays the YTD revenues and expenditures for the General Fund, including comparison to prior year,
comparison to YTD budget amounts, and percentage of annual budget. YTD budget amounts are generally based on the
collection/disbursement patterns for the same period of the preceding two (2) years, with the following exceptions: property
tax revenue budgets are based on the collection patterns over the preceding four (4) years and sales tax revenue budgets are
based on the collection patterns over the preceding five (5) years.
General Fund
YTD
Prior Year YTD YTD Budget % BUDGET
REVENUES
Taxes 89,542,897$ 69,685,704$ 69,685,704$ 78,953,070$ (10,589,827)$ 9,267,366 113.30%
Licenses & Permits 5,750,061 4,676,877 4,676,877 5,199,555 (550,506) 522,678 111.18%
Intergovernmental 4,820,547 11,086,103 11,086,103 9,387,904 4,567,357 (1,698,199) 84.68%
Charges for Services 9,251,750 7,513,713 7,513,713 7,514,930 (1,736,820) 1,217 100.02%
Fines and Penalties 4,688,980 3,284,187 3,284,187 3,310,279 (1,378,701) 26,092 100.79%
Miscellaneous 3,762,854 1,928,417 1,928,417 2,463,789 (1,299,065) 535,372 127.76%
Other Financing Sources (Transfer‐In, etc) 13,137,402 21,951,170 21,951,170 17,475,836 4,338,434 (4,475,334) 79.61%
Total Revenues 130,954,491 120,126,171 120,126,171 124,305,363 (6,649,128) 4,179,192 103.48%
EXPENDITURES
Council 359,238 420,924 420,924 425,744 (66,506) (4,820) 101.15%
Executive 2,559,087 2,595,793 2,595,793 2,276,448 282,639 319,345 87.70%
Emergency Management 621,727 7,888,225 7,888,225 5,966,342 (5,344,615) 1,921,883 75.64%
City Attorney 2,353,520 2,421,421 2,421,421 2,207,330 146,190 214,091 91.16%
Court Services 2,406,014 2,706,695 2,706,695 2,444,436 (38,422) 262,259 90.31%
Community and Eco Dvlpmnt Admin 1,598,892 1,560,726 1,560,726 1,547,585 51,307 13,141 99.16%
Development Services 2,322,460 2,648,176 2,648,176 2,454,062 (131,602) 194,114 92.67%
Economic Development 1,085,032 4,465,671 4,465,671 2,383,215 (1,298,183) 2,082,456 53.37%
Planning 3,802,894 4,359,422 4,359,422 4,027,715 (224,821) 331,707 92.39%
Finance 3,327,937 3,709,001 3,709,001 3,503,205 (175,268) 205,796 94.45%
City Clerk 1,286,227 1,175,923 1,175,923 1,179,642 106,585 (3,719) 100.32%
Human Resources 1,438,605 1,530,267 1,530,267 1,393,876 44,729 136,391 91.09%
Police 37,379,203 33,705,130 33,705,130 33,063,510 4,315,693 641,620 98.10%
Jail Services 5,766,293 4,707,756 4,707,756 4,708,087 1,058,206 (331) 100.01%
Community Services Admin 594,844 520,919 520,919 502,089 92,755 18,830 96.39%
Leased Properties 880,676 1,013,086 1,013,086 883,577 (2,901) 129,509 87.22%
Parks & Trails 5,249,860 5,028,628 5,028,628 4,819,600 430,260 209,028 95.84%
Parks Planning & Natural Resources 1,514,329 2,506,579 2,506,579 2,091,103 (576,774) 415,476 83.42%
Recreation & Neighborhoods 6,432,140 4,904,722 4,904,722 4,375,970 2,056,170 528,752 89.22%
Human Services 1,478,729 2,055,693 2,055,693 1,468,780 9,949 586,913 71.45%
Museum 253,008 225,195 225,195 221,057 31,951 4,138 98.16%
Public Works Admin 424,466 444,895 444,895 400,739 23,727 44,156 90.07%
Street Maintenance 5,822,538 5,591,654 5,591,654 5,449,555 372,983 142,099 97.46%
Transportation 8,160,553 7,059,187 7,059,187 6,769,072 1,391,481 290,115 95.89%
Non‐Departmental and Other 30,357,614 25,489,926 25,489,926 23,408,024 6,949,590 2,081,902 91.83%
Total Expenditures 127,475,886 128,735,614 128,735,614 117,970,763 9,505,123 10,764,851 91.64%
Change in Fund Balance 3,478,605 (8,609,443) (8,609,443) 6,334,600 2,855,995 14,944,043 N/A
Beginning Fund Balance 44,578,377 48,056,982 48,056,982 48,056,982 3,478,605 ‐ 100.00%
Ending Fund Balance 48,056,982$ 39,447,539$ 39,447,539$ 54,391,582$ 6,334,600$ 14,944,043 137.88%
Favorable (Unfavorable)
2019 2020 Variance
YTD Actual Annual Budget YTD Budget YTD Actual
Summary of Sources and Uses
Quarterly Financial Report 4th Quarter 2020
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 2 of 45
GENERAL FUND REVENUES
The following tables provide a more detailed summary of each revenue category within the General Fund. Detailed
explanations have been provided for variances from prior year or YTD budget in excess of $100K. All variance are shown in a
favorable (unfavorable) format.
TAXES
Property Tax – Property tax collections by King County have exceeded prior year and YTD budget. $208K of property taxes
collected through December 31 were for prior years’ delinquent taxes, bringing the balance of delinquent taxes receivable to
$36K. The remainder of taxes collected were for the 2020 levy. The 2020 property tax levy after levy changes by the assessor’s
office totalled $21,985,155. The taxes receivable balance for the 2020 levy is $296K at December 31.
Local Retail Sales Tax – COVID‐19 will heavily influence the sales tax figures throughout 2020. There are three factors which
as going to impact our sales tax distribution: 1) DOR is providing extensions for monthly filers, 2) many stores and other retail
locations have been required to be closed during the governor’s stay‐at‐home order, therefore, little to no sales will be made
during this time, and 3) some businesses will be closing due to decreased revenues. Please see the monthly sales tax report
for more information. Sales tax revenues came in at $1.9M less than 2019, however, they were $2.5M more than expected
after the budget was reduced ($4.7M) for COVID‐19.
State Sales Tax Credit ‐ The City was awarded $500K per year in sales tax credit revenues under the Local Revitalization
Financing program. This award is to pay the debt service on the LRF bonds issued in 2019 to fund public improvements within
the South Lake Washington Local Revitalization Area. The City began receiving the state sales tax credit revenues in the 4th
quarter of 2019.
In accordance with SHB 1406, the City passed ORD 5972 authorizing a .0073 sales and use tax for affordable and supportive
housing. The City began collecting these sales tax credit revenues in December 2020.
The City also received a one‐time payment in the amount of $587K in May 2020 related to sales tax credit revenues owed for
the Benson Hill Annexation. This one‐time payment was the result of an audit at the state level where it was determined the
state had underpaid the City in 2019.
Criminal Justice Sales Tax – The criminal justice sales tax is a 0.1% sales tax imposed by the County for criminal justice
purposes. The County must share 90% of the revenues collected with all cities and towns in the county on a per capital basis.
The decrease in criminal justice sales tax directly relates to the decrease in retail sales tax, as described above.
Natural Gas Use Tax – Per RCW 82.14.230, any city that has a natural gas utility tax may impose an equivalent “use tax” upon
brokered natural gas sales that are otherwise not subject to the utility tax. Natural gas use taxes are paid by the consumer
and is remitted to the city by the Washington Department of Revenue. Natural gas use tax revenues ended the year $101K
and $107K less than prior year and budget, respectively.
2019 2020 2020
Actual Budget Actual $ % $ %
Property Tax 20,978,323$ 21,280,959$ 21,874,241$ 895,919$ 4.3% 593,282$ 2.8%
Local Retail Sales Tax 28,318,580 23,959,932 26,452,836 (1,865,744) ‐6.6%2,492,904 10.4%
State Sales Tax Credit 340,573 500,000 1,292,834 952,261 279.6% 792,834 158.6%
Criminal Justice Sales Tax 3,267,926 2,988,502 3,017,430 (250,496) ‐7.7%28,928 1.0%
Natural Gas Use Tax 224,519 230,900 123,787 (100,732) ‐44.9% (107,113) ‐46.4%
Admission Tax 196,087 150,000 85,174 (110,914) ‐56.6% (64,826) ‐43.2%
Utility Tax 15,337,128 14,561,111 15,916,168 579,040 3.8% 1,355,057 9.3%
Leasehold Excise Tax 179,612 129,300 183,450 3,838 2.1% 54,150 41.9%
Gambling Excise Tax 2,883,506 1,385,000 2,391,499 (492,007) ‐17.1%1,006,499 72.7%
Real Estate Excise Tax 6,737,711 ‐ ‐ (6,737,711) 0.0%‐ N/A
B&O Tax 11,078,932 4,500,000 7,615,650 (3,463,282) ‐31.3%3,115,650 69.2%
YTD Total 89,542,897$ 69,685,704$ 78,953,070$ (10,589,827)$ ‐11.8%9,267,366$ 13.3%
Annual Total 89,542,897$ 69,685,704$
Taxes by Type
Revenue
2020 vs. 2019 2020 vs. Budget
Year to Date through December
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 3 of 45
Admission Tax – Per RCW 35.21.280, any city may impose an admission tax up to 5% of the admission charge for various
events and facilities. The decrease in admission tax revenues is due to COVID‐19 restrictions which closed events and facilities
subject to the admissions tax for the majority of 2020.
Utility Tax – The increase in utility tax is due to a combination of factors. Some taxes have decreased while others have
increased.
The breakdown of Utility Tax is as follows:
Gambling Excise Tax – COVID‐19 heavily influenced the gambling tax figures. Card game operations have not been permitted
to operate indoors for the majority of 2020. While the gambling tax revenues ended the year $492K less than 2019, they were
$1M higher than expected after the budget was reduced ($1.1M) for COVID‐19.
Real Estate Excise Tax ‐ REET taxes were improperly recorded to the General Fund in the 3rd and 4th quarter of 2019. The
taxes were subsequently transferred to the appropriate capital project funds where they are properly budgeted and recorded
in 2020 in accordance with the requirements of RCW 82.46.
Business and Occupation (B&O) Tax – B&O tax revenues rely heavily on the revenue of a limited number of large businesses.
These businesses have seen economic downturn in 2020 as a result of COVID‐19 as well as other factors. However, the $3.5M
decrease in B&O taxes from 2019 is much less than anticipated when the budget was reduced ($5M) for COVID‐19 and B&O
tax revenues ended the year $3.1M over budget.
LICENSES & PERMITS
Franchise Fees – Franchise fees ended the year $266K higher than expected after the budget was reduced ($420K) for COVID‐
19.
Building Permits – The governor’s stay‐at‐home order forced many commercial and most residential construction projects to
stop for an extended period of time. The stay‐at‐home order has now expired, but permit activity has not returned to pre‐
COVID‐19 levels due to an overall decline in the economy. However, the decline is less than anticipated after the budget was
reduced ($339K) for COVID‐19 and building permits ended the year $204K over budget.
2019 2020 2020
Tax by Type YTD Actual YTD Budget YTD Actual $ % $ %
Electrical 5,125,961$ 4,999,176$ 5,497,851$ 371,890$ 7.3% $ 498,675 10.0%
Natural Gas 1,324,323 1,223,009 1,583,721 259,398 19.6% 360,712 29.5%
Cell 797,541 624,273 787,466 (10,075) ‐1.3% 163,193 26.1%
Phone 858,927 802,901 661,593 (197,334) ‐23.0% (141,308)‐17.6%
Cable 1,457,008 1,436,847 1,447,676 (9,332) ‐0.6% 10,829 0.8%
Garbage 796,379 733,057 970,481 174,102 21.9% 237,425 32.4%
City Utilities 4,976,990 4,741,848 4,967,380 (9,610) ‐0.2% 225,532 4.8%
YTD Total 15,337,128$ 14,561,111$ 15,916,168$ 579,040$ 3.8%1,355,057$ 9.3%
2020 vs. 2019 2020 vs. Budget
2019 2020 2020
Actual Budget Actual $ % $ %
Franchise Fees 1,520,143 1,231,692 1,497,985 (22,159) ‐1.5%266,293 21.6%
Business Licenses 1,098,584 918,780 1,009,760 (88,824) ‐8.1%90,980 9.9%
Animal Licenses 80,770 93,174 71,445 (9,325) ‐11.5% (21,729) ‐23.3%
Building Permits 3,008,083 2,385,731 2,589,530 (418,553) ‐13.9%203,799 8.5%
ROW/Street Excavation Permits 40,315 46,500 30,870 (9,445) ‐23.4% (15,630) ‐33.6%
Special Event Permits 2,165 1,000 (35) (2,200) ‐101.6% (1,035) ‐103.5%
YTD Total 5,750,061$ 4,676,877$ 5,199,555$ (550,506)$ ‐9.6%522,678$ 11.2%
Annual Total 5,750,061$ 4,676,877$
Licenses & Permits by Type
Year to Date through December
Revenue
2020 vs. 2019 2020 vs. Budget
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 4 of 45
INTERGOVERNMENTAL
State Shared Revenue – The decrease in state shared revenues over prior year is almost entirely due to decreases in criminal
justice – high crime and fuel tax revenues. COVID‐19 is heavily influencing these revenues. However, higher than expected
liquor excise taxes and unbudgeted marijuana taxes are resulting in overall state shared revenues ending the year $330K over
budget. The breakdown of State Shared Revenue is as follows:
Federal/State/Local Grants – Federal/State/Local grant revenues vary significantly from year‐to‐year based on what grants
have been awarded and the timing of grant expenditures and related reimbursement requests. Grant revenues are budgeted
at 100% of the award at the time the grant agreement is finalized and any amounts not received are carried forward each
year until either 1) the grant funds are fully received or 2) the grant agreement expires.
CHARGES FOR SERVICES
Public Safety Services – The decrease in public safety services is due to two factors: 1) payments under the School Resource
Officer program ceased with the closure of schools due to COVID‐19 and 2) collections of home detention fees have been
reduced by half due to the closure of City Hall and not having an online payment option. Finance is working with the Police
Department to develop alternative collection options.
2019 2020 2020
Actual Budget Actual $ % $ %
State Shared Revenue 4,291,629$ 3,642,420$ 3,972,802$ (318,827)$ ‐7.4%330,382$ 9.1%
Federal Grants 189,155 6,871,029 5,122,364 4,933,209 2608.0%(1,748,665) ‐25.4%
State Grants 65,878 181,271 75,879 10,001 15.2%(105,392) ‐58.1%
Local Grants 273,886 391,383 216,859 (57,027) ‐20.8% (174,524) ‐44.6%
YTD Total 4,820,547$ 11,086,103$ 9,387,903$ 4,567,356$ 94.7%(1,698,199)$ ‐15.3%
Annual Total 4,820,547$ 11,086,103$
Intergovernmental by Type
Revenue
2020 vs. 2019 2020 vs. Budget
Year to Date through December
2019 2020 2020
Tax by Type YTD Actual YTD Budget YTD Actual$%$%
Judicial Contribution 21,666$ 17,212$ 32,304$ 10,638$ 49.1% 15,092$ 87.7%
Crim Just ‐ High Crime 289,405 279,154 140,366 (149,039) ‐51.5% (138,788) ‐49.7%
Crim Just ‐ Pop 31,208 24,725 32,817 1,609 5.2% 8,092 32.7%
Crim Just ‐ Spec Prog 112,281 113,286 117,451 5,170 4.6% 4,165 3.7%
State DUI 14,506 18,043 15,226 720 5.0%(2,817) ‐15.6%
Marijuana Distribution 209,738 ‐ 203,826 (5,912) ‐2.8%203,826 100.0%
Liquor Profits 848,678 850,000 840,871 (7,807) ‐0.9% (9,129) ‐1.1%
Liquor Excise Tax 569,220 497,350 660,296 91,077 16.0% 162,946 32.8%
Fuel Tax 2,194,927 1,842,650 1,929,644 (265,283) ‐12.1%86,994 4.7%
YTD Total 4,291,629$ 3,642,420$ 3,972,802$ (318,827)$ ‐7.4%330,382$ 9.1%
2020 vs. 2019 2020 vs. Budget
2019 2020 2020
Actual Budget Actual $ % $ %
Passport Fees 35,025 60,000 8,883 (26,142) ‐74.6% (51,117) ‐85.2%
Court Services 82,972 11,000 110,288 27,316 32.9% 99,288 902.6%
General Government Services 2,359 8,000 11,538 9,179 389.1% 3,538 44.2%
Public Safety Services 1,266,661 737,835 710,544 (556,116) ‐43.9% (27,291) ‐3.7%
Development Services 2,090,933 1,490,271 1,540,352 (550,581) ‐26.3%50,081 3.4%
Transportation Services 17,144 ‐ 71,276 54,132 315.7% 71,276 100.0%
Recreation/Farmer's Market/Events 1,561,932 218,633 295,863 (1,266,069) ‐81.1%77,230 35.3%
Interfund Services 4,194,724 4,987,974 4,766,185 571,462 13.6%(221,788) ‐4.4%
YTD Total 9,251,750$ 7,513,713$ 7,514,930$ (1,736,820)$ ‐18.8%1,217$ 0.0%
Annual Total 9,251,750$ 7,513,713$
Year to Date through December
Charges for Services by Type
Revenue
2020 vs. 2019 2020 vs. Budget
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 5 of 45
Development Services – The decrease in development services from the prior year is primarily due to inspection services
($326K) and planning fees ($269K). The amount of development services revenues over budget is primarily due to a
combination of inspections services under budget ($137K) offset by planning fees over budget $215K.
Recreation/Farmer’s Market/Events – The decrease in revenues is related to cancelled programs, as a result of COVID‐19.
Interfund Services – Interfund services revenues increased from the prior year due to increased reimbursement of staffing
costs from CIP projects ($435K), increases in indirect cost allocations ($90K), and increased services performed for Enterprise
Funds ($46K). Interfund services revenues are less than the YTD budget as the budget reflects reimbursement of staffing costs
from CIP projects that staff did not work on during the first three quarters of the year, including reimbursement for a capital
project coordinator position that is vacant ($154K) and less than anticipated charges for work performed for Enterprise Funds
($67K).
FINES AND PENALTIES
Civil Penalties – The majority of Civil Penalties less than prior year and under budget are due to less than anticipated traffic
infraction penalties. COVID‐19 is heavily influencing these penalties as people are driving less.
Photo Enforcement Program – Photo enforcement revenues have decreased from prior year due to reduced citations as a
result of the governor’s stay‐at‐home order. Traffic volumes have decreased and school zone cameras have been turned off
as a result of school closures.
MISCELLANEOUS REVENUES
Interest and Other Investment Earnings – Since interest earnings can vary greatly based on market conditions, the City has
historically budgeted interest and investment earnings very conservatively. As such, even though interest earnings decreased
($283K) from the prior year, they were still $253K over budget.
Rents, Leases, and Concessions ‐ Rental revenue is down from the prior year due to a few vacant City facilities, combined
with cancelled facility space rentals at the Senior Center and Renton Community Center and waived rent for tenants of City
facilities that were ordered closed in March due to COVID‐19.
2019 2020 2020
Actual Budget Actual $ % $ %
Civil Penalties 471,329$ 428,200$ 349,999$ (121,330)$ ‐25.7% (78,201)$ ‐18.3%
Photo Enforcement Program 3,920,305 2,621,405 2,754,379 (1,165,926) ‐29.7%132,974 5.1%
Criminal Traffic Misdemeanor Fines 61,914 77,500 55,162 (6,752) ‐10.9% (22,338) ‐28.8%
Criminal Non‐Traffic Fines 80,602 29,500 6,534 (74,068) ‐91.9% (22,966) ‐77.9%
Criminal Costs 71,145 25,000 57,980 (13,165) ‐18.5%32,980 131.9%
Non‐Court Fines, Forfeitures and Penalties 83,685 102,582 86,225 2,540 3.0%(16,357) ‐15.9%
YTD Total 4,688,980$ 3,284,187$ 3,310,279$ (1,378,701)$ ‐29.4%26,092$ 0.8%
Annual Total 4,688,980$ 3,284,187$
Year to Date through December
Revenue
2020 vs. 2019 2020 vs. Budget
Fines and Penalties by Type
2019 2020 2020
Actual Budget Actual $ % $ %
Interest and Other Investment Earnings 1,360,892$ 825,000$ 1,077,967$ (282,925)$ ‐20.8%252,967$ 30.7%
Rents, Leases, and Concessions 1,715,372 758,295 849,604 (865,768) ‐50.5%91,309 12.0%
Contributions/Donations from Private Source 271,592 90,000 47,019 (224,573) ‐82.7% (42,981) ‐47.8%
Seizure Funds ‐ Federal/State/Local 102,229 ‐ ‐ (102,229) 0.0%‐ N/A
Other 312,769 255,122 489,199 176,430 56.4% 234,077 91.8%
YTD Total 3,762,854$ 1,928,417$ 2,463,789$ (1,299,065)$ ‐34.5%535,372$ 27.8%
Annual Total 3,762,854$ 1,928,417$
Year to Date through December
Revenue
2020 vs. 2019 2020 vs. Budget
Miscellaneous by Type
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 6 of 45
Seizure Funds – Federal/State/Local – Seizure funds decreased from the prior year because they were transferred to their
own special revenue funds in 2020 to allow for transparency in the accounting for these restricted revenues.
Other – Other miscellaneous revenues are higher than prior year and higher than the YTD budget primarily due to the receipt
of an unbudgeted payment of $327K under the terms of the Sunset Lane Latecomer Agreement (ORD 5961), which is
offsetting a decrease in utility late payments of ($128K) from prior year and ($167K) below budget. There is currently a State
mandated moratorium on utility disconnections for non‐payment due to COVID‐19.
OTHER FINANCING SOURCES
Transfers from Other Funds – Transfers from Other Funds are summarized below:
The remaining balance of the Benson Hill Annexation sales tax credit reserves held in the Insurance Fund was budgeted to be
transferred to the General Fund to offset COVID‐19 revenue shortfalls in the amount of $4.5M. However, once it was apparent
that revenue shortfalls were not going to be as significant as originally anticipated, management decided the $4.5M transfer
of reserves from the Insurance Fund was unnecessary.
*Transfers between the General Fund and its management funds are just over $12.1M. In the past, these tax revenues were
allocated amount the various management funds of the General Fund. In 2020, 100% of tax revenues are recognized in the
General Fund (000) with transfers to the Community Services Fund (001), the Street Fund (003), and the Museum Fund (005).
For budgetary purposes, the transfer in and transfer out amounts are reflected in the General Fund revenues and
expenditures. Transfers between the General Fund and its management funds are eliminated for reporting in the City’s
Comprehensive Annual Financial Report (CAFR).
2019 2020 2020
Actual Budget Actual $ % $ %
Transfers from Other Funds 13,126,453$ 21,951,170$ 17,451,170$ 4,324,717 32.9%(4,500,000) ‐20.5%
Prior Period Adjustment ‐ ‐ ‐ ‐ N/A ‐ N/A
Insurance Recoveries 10,949 ‐ 4,566 (6,383) ‐58.3%4,566 100.0%
Sale of Capital Assets ‐ ‐ 20,100 20,100 100.0% 20,100 100.0%
YTD Total 13,137,402$ 21,951,170$ 17,475,836$ 4,338,434$ 33.0%(4,475,334)$ ‐20.4%
Annual Total 13,137,402$ 21,951,170$
Year to Date through December
Other Financing Sources by Type
Revenue
2020 vs. 2019 2020 vs. Budget
Purpose
000
General Fund*
110
Hotel/Motel Tax
316
Municipal Facilities
CIP
326
Housing
Opportunity Total
Density Transfer proceeds funding affordable housing grants in Sunset area 514,460$ 514,460$
Library sale proceeds funding Multi‐Service Center capital grant 400,000 400,000
Housing Opportunity funding for affordable housing grant 25,000 25,000
CIP funding reductions to offset COVID‐19 revenue shortfalls 1,809,220 1,809,220
Renton Marketing Campaign funding match for Port of Seattle grant 37,500 37,500
Create Fund 098 ‐ Economic Development Reserve (GF mgmt fund)2,551,659 2,551,659
Property Tax Funding of Fund 001 ‐ Community Services (GF mgmt fund)* 5,094,333 5,094,333
Property Tax Funding of Fund 003 ‐ Streets (GF mgmt fund)* 6,779,869 6,779,869
Property Tax Funding of Fund 005 ‐ Museum (GF mgmt fund)* 239,129 239,129
Total 12,113,331$ 37,500$ 2,723,680$ 2,576,659$ 17,451,170$
From:
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 7 of 45
GENERAL FUND EXPENDITURES
The following tables summarize expenditures by category for each department within the General Fund. Detailed
explanations have been provided for variances from prior year or YTD budget in excess of $100K.
COUNCIL
EXECUTIVE
Personnel – The amount of personnel expenditures under the prior year and budget is due an open position.
Contracted Services – The amount of contracted services under budget is due to a combination of savings in amounts spent
for Court Public Defenders $68K, the Renton Results program $20K, and the Inclusion program $39K.
Internal Services – The decrease in internal services from the prior year is due to reductions made to Communications and
Facilities in response to COVID‐19.
EMERGENCY MANAGEMENT
Personnel – The amount of personnel costs over the prior year is due to $2.5M in Police salary/benefits being reclassified to
Emergency Management to reflect the cost of the public safety response to the COVID‐19 emergency. These costs qualified
for reimbursement under the CARES grant passed through to the City from the Washington Department of Commerce.
Supplies – The amount of supplies in excess of the prior year is due to supplies purchased in conjunction with COVID‐19. The
supplies consisted of items such as cleaning agents, personal protective equipment (PPE), additional hand sanitizing stations,
plexiglass barriers, etc. The amount of supplies under the budget is due to budgeting more in supplies under the CARES grant
than was needed. The excess grant funds were applied to eligible salaries and benefits instead, as noted above.
Council
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 288,140$ 337,867$ 337,867$ 346,653$ (58,512)$ ‐20.3% (8,786)$ ‐2.6%
Supplies 3,541 1,400 1,400 930 2,611 73.7% 470 33.6%
Contracted Services 13,186 23,316 23,316 19,978 (6,792) ‐51.5%3,338 14.3%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 54,371 58,341 58,341 58,183 (3,812) ‐7.0%158 0.3%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 359,238$ 420,924$ 420,924$ 425,744$ (66,506)$ ‐18.5% (4,820)$ ‐1.1%
2020 Prior Year YTD YTD Budget
Variance Favorable (Unfavorable)
Executive
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 868,749$ 899,204$ 899,204$ 752,056$ 116,693$ 13.4% 147,148$ 16.4%
Supplies 9,814 8,100 8,100 1,646 8,168 83.2% 6,454 79.7%
Contracted Services 1,231,570 1,400,134 1,400,134 1,273,995 (42,425) ‐3.4%126,139 9.0%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 448,954 288,355 288,355 248,751 200,203 44.6% 39,604 13.7%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 2,559,087$ 2,595,793$ 2,595,793$ 2,276,448$ 282,639$ 11.0% 319,344$ 12.3%
2020 Prior Year YTD YTD Budget
Variance Favorable (Unfavorable)
Emergency Management
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 422,702$ 2,933,658$ 2,933,658$ 2,917,758$ (2,495,056)$ ‐590.3%15,900$ 0.5%
Supplies 17,736 1,498,500 1,498,500 367,307 (349,571) ‐1971.0%1,131,193 75.5%
Contracted Services 26,136 3,252,361 3,252,361 2,496,612 (2,470,476) ‐9452.3%755,749 23.2%
Capital Outlay ‐ 18,438 18,438 ‐ ‐ 0.0% 18,438 100.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 155,153 185,268 185,268 183,971 (28,818) ‐18.6%1,297 0.7%
Transfers Out ‐ ‐ ‐ 694 (694) 100.0%(694) 100.0%
Total Expenditures 621,727$ 7,888,225$ 7,888,225$ 5,966,342$ (5,344,615)$ ‐859.6%1,921,883$ 24.4%
2020 Prior Year YTD YTD Budget
Variance Favorable (Unfavorable)
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 8 of 45
Contracted Services – The amount of contracted services over the prior year is due to COVID‐19 related small business grants
and rental and food assistance. These expenditures were funded by the CARES grant. The amount of contracted services
under the budget is due to less rental and food assistance costs than anticipated. This assistance was provided by contracting
with local non‐profit agencies. The excess grant funds were applied to eligible salaries and benefits instead, as noted above.
CITY ATTORNEY
Personnel ‐ The amount of personnel costs under the prior year and budget is due to open positions.
COURT SERVICES
Personnel ‐ The increase in personnel costs over the prior year is due to COLA’s, reclassifications, and the addition of a judge.
The amount of personnel costs under the YTD budget is due to open positions.
COMMUNITY AND ECONOMIC DEVELOPMENT ADMIN
City Attorney
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 2,131,174$ 2,193,925$ 2,193,925$ 1,999,736$ 131,437$ 6.2% 194,188$ 8.9%
Supplies 979 3,550 3,550 1,155 (176) ‐18.0%2,395 67.5%
Contracted Services 32,937 41,465 41,465 24,021 8,916 27.1% 17,444 42.1%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 184,281 182,481 182,481 182,418 1,863 1.0% 63 0.0%
Transfers Out 4,150 ‐ ‐ ‐ 4,150 100.0%‐ 0.0%
Total Expenditures 2,353,520$ 2,421,421$ 2,421,421$ 2,207,330$ 146,191$ 6.2% 214,091$ 8.8%
Prior Year YTD YTD Budget
Variance Favorable (Unfavorable)
2020
Court Services
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 1,793,080$ 2,203,800$ 2,203,800$ 1,958,279$ (165,199)$ ‐9.2%245,522$ 11.1%
Supplies 5,103 7,700 7,700 3,282 1,821 35.7% 4,418 57.4%
Contracted Services 128,988 106,856 106,856 93,410 35,578 27.6% 13,446 12.6%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 458,596 388,339 388,339 385,902 72,694 15.9% 2,437 0.6%
Transfers Out 20,248 ‐ ‐ 3,564 16,684 82.4%(3,564) 100.0%
Total Expenditures 2,406,014$ 2,706,695$ 2,706,695$ 2,444,436$ (38,422)$ ‐1.6%262,259$ 9.7%
Prior Year YTD YTD Budget
Variance Favorable (Unfavorable)
2020
Community and Econ Dvlpmnt Admin
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 370,347$ 389,402$ 389,402$ 381,551$ (11,204)$ ‐3.0%7,851$ 2.0%
Supplies ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Contracted Services 825 850 850 556 269 32.6% 294 34.6%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 1,050,460 989,334 989,334 976,439 74,021 7.0% 12,895 1.3%
Transfers Out 177,261 181,140 181,140 189,040 (11,779) ‐6.6% (7,900) ‐4.4%
Total Expenditures 1,598,892$ 1,560,726$ 1,560,726$ 1,547,585$ 51,307$ 3.2% 13,141$ 0.8%
Prior Year YTD YTD Budget
Variance Favorable (Unfavorable)
2020
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 9 of 45
DEVELOPMENT SERVICES
Personnel – The increase in personnel costs over the prior year is due to COLA’s, reclassifications, and the addition of a
building inspector/combination position. The amount of personnel costs under budget is due to open positions.
ECONOMIC DEVELOPMENT
Personnel ‐ The increase in personnel costs over the prior year is due to COLA’s, reclassifications, and the filling of the Housing
Programs Manager position that was vacant for most of 2019.
Contracted Services ‐ The increase in contracted services over the prior year is due to a $25K Housing Opportunity grant, a
$60K Density Transfer grant, a $400K grant to support construction of RHA’s new Multi‐Service Center, $88K for the DOC
grant funded Housing Action Plan, $160K for COVID‐19 business support activities funded by a King County CARES Act grant,
and $265K in impact fee waivers that were awarded to multiple non‐profits to support low income housing developments.
RMC 4‐1‐210 allows for the waiver of 100% of impact fees associated with certain low‐income housing developments. State
law only allows for an 80% waiver of these fees, so the General Fund must contribute the remaining 20% of the fees to the
impact mitigation funds. Ordinance No. 5973 imposed a six‐month moratorium on the submission, acceptance, processing,
or approval of any application for waived fees under RMC 4‐1‐210, effective December 22, 2020. The amount of contracted
services expenditures under the budget is primarily due to anticipated CDBG grant funding for Economic Development
($362K) that was not realized and City grants awarded to support low‐income housing and other charitable construction
projects that have not been paid out yet ($850K). The City grants are subject to certain performance measures being met by
the grantee prior to the payment of the grant award. The balance of these grants not yet paid will be included in the 2021
carry forward budget adjustment.
Capital Outlay – Economic Development capital outlay is associated with the Downtown Streetscape project being funded
through a CDBG grant. The amounts over the prior year are due to timing of project planning/construction costs. As with
other capital projects, the entire amount of the project has been budgeted and the budget balance will be carried forward
each year until the project is complete.
Development Services
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 2,148,838$ 2,458,925$ 2,458,925$ 2,316,739$ (167,901)$ ‐7.8%142,186$ 5.8%
Supplies 6,672 7,525 7,525 2,854 3,818 57.2% 4,671 62.1%
Contracted Services 104,374 122,912 122,912 75,654 28,719 27.5% 47,257 38.4%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 62,576 58,814 58,814 58,814 3,762 6.0%‐ 0.0%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 2,322,460$ 2,648,176$ 2,648,176$ 2,454,062$ (131,602)$ ‐5.7%194,114$ 7.3%
Prior Year YTD YTD Budget
Variance Favorable (Unfavorable)
2020
Economic Development
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 681,788$ 940,340$ 940,340$ 852,171$ (170,382)$ ‐25.0%88,170$ 9.4%
Supplies 21,304 35,625 35,625 7,298 14,006 65.7% 28,327 79.5%
Contracted Services 311,246 2,507,432 2,507,432 1,229,562 (918,317) ‐295.0%1,277,869 51.0%
Capital Outlay 70,694 982,274 982,274 294,184 (223,490) ‐316.1%688,090 70.1%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 1,085,032$ 4,465,671$ 4,465,671$ 2,383,215$ (1,298,183)$ ‐119.6%2,082,456$ 46.6%
Prior Year YTD YTD Budget
Variance Favorable (Unfavorable)
2020
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 10 of 45
PLANNING
Personnel – The increase in personnel costs over the prior year is due to COLA’s, reclassifications, and the filling of a
construction inspector position that was vacant in 2019. The amount of personnel costs under budget are due to vacant
positions.
Contracted Services – The majority of contracted services under the budget is due to the TOD Subarea Plan contract which
is still in process. The amount of the contract remaining at December 31 is $82,467. In accordance with City Policy 220‐01,
Budget Preparation and Control, section 4.2.6, the balance of this contract will be included in the 2021 carry forward budget
adjustment.
FINANCE
Personnel ‐ The amount of personnel costs under the YTD budget is due to open positions.
Contracted Services – The amount of contracted services over the prior year is primarily due to increased merchant fees
($103K) as more payments have been received online due to COVID‐19 and legal fees ($81K) associated with a utility tax
assessment that is being contested by the taxpayer. The amount of contracted services over budget is primarily due to higher
than anticipated merchant fees ($118K).
CITY CLERK
Planning
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 3,633,581$ 4,008,905$ 4,008,905$ 3,852,460$ (218,878)$ ‐6.0%156,445$ 3.9%
Supplies 9,562 11,600 11,600 3,083 6,479 67.8% 8,517 73.4%
Contracted Services 126,467 249,492 249,492 140,448 (13,981) ‐11.1%109,044 43.7%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 33,284 31,724 31,724 31,724 1,560 4.7%‐ 0.0%
Transfers Out ‐ 57,700 57,700 ‐ ‐ 0.0% 57,700 100.0%
Total Expenditures 3,802,894$ 4,359,422$ 4,359,422$ 4,027,715$ (224,821)$ ‐5.9%331,706$ 7.6%
Prior Year YTD YTD Budget
Variance Favorable (Unfavorable)
2020
Finance
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 1,956,457$ 2,288,635$ 2,288,635$ 1,980,502$ (24,045)$ ‐1.2%308,133$ 13.5%
Supplies 4,683 11,500 11,500 2,850 1,833 39.1% 8,650 75.2%
Contracted Services 967,662 1,028,521 1,028,521 1,144,493 (176,831) ‐18.3% (115,972) ‐11.3%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 397,355 380,345 380,345 375,361 21,994 5.5% 4,984 1.3%
Transfers Out 1,781 ‐ ‐ ‐ 1,781 100.0%‐ 0.0%
Total Expenditures 3,327,937$ 3,709,001$ 3,709,001$ 3,503,205$ (175,268)$ ‐5.3%205,795$ 5.5%
Prior Year YTD YTD Budget
Variance Favorable (Unfavorable)
2020
City Clerk
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 746,919$ 723,688$ 723,688$ 724,843$ 22,076$ 3.0%(1,154)$ ‐0.2%
Supplies 3,951 4,094 4,094 1,259 2,691 68.1% 2,835 69.2%
Contracted Services 364,774 288,739 288,739 296,876 67,898 18.6%(8,137) ‐2.8%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 169,814 159,402 159,402 156,665 13,149 7.7% 2,737 1.7%
Transfers Out 770 ‐ ‐ ‐ 770 100.0%‐ 0.0%
Total Expenditures 1,286,227$ 1,175,923$ 1,175,923$ 1,179,642$ 106,585$ 8.3%(3,719)$ ‐0.3%
Prior Year YTD YTD Budget
Variance Favorable (Unfavorable)
2020
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 11 of 45
HUMAN RESOURCES
POLICE
Personnel ‐ The decrease in salaries and benefits over the prior year is the net effect of increases due to COLAs, annual step
increases, and the reclassification of the deputy chief and commander positions, offset by $2.5M in Police salary/benefits
that were reclassified to Emergency Management to reflect the cost of the public safety response to the COVID‐19
emergency. These costs qualified for reimbursement under the CARES grant passed through to the City from the Washington
Department of Commerce.
Supplies – The decrease in supplies over the prior year is primarily due to cost savings in Patrol Operations ($72K) and Police
Administration ($158K), and supply purchases utilizing seizure funds ($101K) that have been moved into their own special
revenue funds in 2020. The amount of supplies under budget is primarily due to cost savings in Investigations ($21K), Quarter
Master System ($34K), and four multi‐year grant awards ($70K). The budget balance in grant funded supplies will be included
in the carry forward budget adjustment.
Contracted Services – The decrease in contracted services from the prior year is primarily due to the following: The City did
not contribute to the Alive and Free Program in 2020 ($30K), decreased travel/training expenses in Police Admin ($26K), a
decrease in costs associated with school zone cameras ($450K), a decrease in equipment rental related to Electronic Home
Detention ($80K), and contracted services expenditures utilizing seizure funds ($111K) that have been moved into their own
special revenue funds in 2020. The amount of contracted services under budget is primarily due to lower than anticipated
costs associated with school zone cameras ($440K) that have been turned off since March due to COVID‐19.
Internal Services ‐ Decreased internal service fund charges are a result of 9 months’ replacement reserve payments being
waived in response to COVID‐19. All vehicle/equipment purchases and replacements are being postponed one year.
Transfers Out – The decrease in transfers out from the prior year is primarily the net effect of a $1.5M transfer in 2019 to
fund new Police take‐home vehicles that was not repeated in 2020 and the transfer out in 2020 of seizure fund balances in
the amount of $732K.
Human Resources
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 1,024,525$ 1,153,163$ 1,153,163$ 1,090,582$ (66,057)$ ‐6.4%62,581$ 5.4%
Supplies 17,099 8,828 8,828 2,951 14,148 82.7% 5,877 66.6%
Contracted Services 120,116 130,663 130,663 68,759 51,357 42.8% 61,904 47.4%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 267,513 237,613 237,613 231,585 35,928 13.4% 6,028 2.5%
Transfers Out 9,352 ‐ ‐ ‐ 9,352 100.0%‐ 0.0%
Total Expenditures 1,438,605$ 1,530,267$ 1,530,267$ 1,393,876$ 44,729$ 3.1% 136,391$ 8.9%
Prior Year YTD YTD Budget
Variance Favorable (Unfavorable)
2020
Police
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 24,994,284$ 22,813,594$ 22,813,594$ 22,829,119$ 2,165,166$ 8.7%(15,525)$ ‐0.1%
Supplies 612,118 419,405 419,405 282,572 329,546 53.8% 136,833 32.6%
Contracted Services 5,183,266 4,938,680 4,938,680 4,468,309 714,957 13.8% 470,371 9.5%
Capital Outlay 10,569 41,154 41,154 ‐ 10,569 100.0% 41,154 100.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 4,956,999 4,646,155 4,646,155 4,640,249 316,750 6.4% 5,907 0.1%
Transfers Out 1,621,967 846,143 846,143 843,263 778,704 48.0% 2,880 0.3%
Total Expenditures 37,379,203$ 33,705,130$ 33,705,130$ 33,063,510$ 4,315,693$ 11.5% 641,620$ 1.9%
Prior Year YTD YTD Budget
Variance Favorable (Unfavorable)
2020
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 12 of 45
JAIL SERVICES
Contracted Services ‐ The decrease in jail services from the prior year due to a decrease in the monthly contract payments
to SCORE for 2020.
COMMUNITY SERVICES ADMIN
LEASED PROPERTIES
Contracted Services – The amount of contracted services under budget is due to decreased utility and janitorial costs
associated with COVID‐19 shut downs and vacant City facilities.
PARKS AND TRAILS
Personnel – The decrease in personnel costs from the prior year and budget is due to vacant positions.
Jail Services
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel ‐$ ‐$ ‐$ ‐$ ‐$ 0.0%‐$ 0.0%
Supplies ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Contracted Services 5,766,293 4,707,756 4,707,756 4,708,087 1,058,206 18.4%(331) 0.0%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 5,766,293$ 4,707,756$ 4,707,756$ 4,708,087$ 1,058,206$ 18.4%(331)$ 0.0%
Prior Year YTD
Variance Favorable (Unfavorable)
YTD Budget2020
Community Services Admin
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 339,177$ 373,991$ 373,991$ 362,535$ (23,358)$ ‐6.9%11,456$ 3.1%
Supplies 6,531 3,200 3,200 1,753 4,778 73.2% 1,447 45.2%
Contracted Services 70,106 19,859 19,859 12,076 58,030 82.8% 7,783 39.2%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 142,940 123,869 123,869 121,876 21,064 14.7% 1,994 1.6%
Transfers Out 36,090 ‐ ‐ 3,849 32,241 89.3%(3,849) 100.0%
Total Expenditures 594,844$ 520,919$ 520,919$ 502,089$ 92,755$ 15.6% 18,830$ 3.6%
2020 Prior Year YTD
Variance Favorable (Unfavorable)
YTD Budget
Leased Properties
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 145,913 176,062 176,062 174,324 (28,411)$ ‐19.5%1,739$ 1.0%
Supplies 11,006 2,440 2,440 2,172 8,834 80.3% 268 11.0%
Contracted Services 545,965 656,768 656,768 502,077 43,887 8.0% 154,691 23.6%
Capital Outlay ‐ ‐ ‐ 27,188 (27,188) 100.0%(27,188) 100.0%
Debt Service 175,000 175,000 175,000 175,000 ‐ 0.0%‐ 0.0%
Internal Services 2,792 2,816 2,816 2,816 (24) ‐0.9%‐ 0.0%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 880,676$ 1,013,086$ 1,013,086$ 883,577$ (2,901)$ ‐0.3%129,510$ 12.8%
2020 Prior Year YTD YTD Budget
Variance Favorable (Unfavorable)
Parks & Trails
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 3,107,941$ 2,922,399$ 2,922,399$ 2,771,152$ 336,789$ 10.8% 151,247$ 5.2%
Supplies 202,526 207,834 207,834 161,980 40,545 20.0% 45,854 22.1%
Contracted Services 701,965 707,451 707,451 679,537 22,428 3.2% 27,914 3.9%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 1,237,428 1,190,944 1,190,944 1,206,931 30,498 2.5%(15,986) ‐1.3%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 5,249,860$ 5,028,628$ 5,028,628$ 4,819,600$ 430,260$ 8.2% 209,028$ 4.2%
Prior Year YTD
Variance Favorable (Unfavorable)
YTD Budget2020
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 13 of 45
PARKS PLANNING AND NATURAL RESOURCES
Personnel – The increase in personnel costs over the prior year is due to filling a capital project coordinator position that was
vacant in 2019. The amount of personnel costs under budget is due to a remaining vacant capital project coordinator position.
Contracted Services – The increase in contracted services costs over the prior year is due to tree maintenance. The amount
of contracted services under budget is primarily due to cost savings associated with the contracted arborist ($52K) and
contracted landscape maintenance services ($60K).
RECREATION AND NEIGHBORHOODS
Personnel – The decrease in personnel costs from the prior year is the result of recreation facility closures related to COVID‐
19. The amount of personnel costs under budget is due to open positions.
Supplies – The amount of supplies under budget is the result of recreation facility closures related to COVID‐19.
Contracted Services – The decrease in contracted services from the prior year is the result of recreation facility closures
related to COVID‐19.
Internal Services ‐ The decrease in internal services from the prior year is due to reductions made to Communications and
Facilities in response to COVID‐19.
HUMAN SERVICES
Contracted Services – The amount of contracted services under budget is primarily due to CDBG grant funded human service
agency payments not paid out. The unspent grant balance ($411K) will be included in the carry forward budget adjustment.
Parks Planning & Natural Resources
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 681,475$ 1,249,203$ 1,249,203$ 963,718$ (282,242)$ ‐41.4%285,486$ 22.9%
Supplies 3,428 4,827 4,827 5,169 (1,740) ‐50.8% (342) ‐7.1%
Contracted Services 789,900 1,207,061 1,207,061 1,077,077 (287,177) ‐36.4%129,984 10.8%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 39,525 45,488 45,488 45,140 (5,615) ‐14.2%348 0.8%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 1,514,329$ 2,506,579$ 2,506,579$ 2,091,103$ (576,774)$ ‐38.1%415,476$ 16.6%
Variance Favorable (Unfavorable)
YTD BudgetPrior Year YTD2020
Recreation & Neighborhoods
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 3,665,393$ 2,734,261$ 2,734,261$ 2,497,211$ 1,168,183$ 31.9% 237,050$ 8.7%
Supplies 215,629 298,019 298,019 123,440 92,190 42.8% 174,579 58.6%
Contracted Services 633,488 421,708 421,708 326,335 307,153 48.5% 95,373 22.6%
Capital Outlay ‐ ‐ ‐ 4,541 (4,541) 100.0%(4,541) 100.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 1,821,113 1,447,735 1,447,735 1,424,444 396,669 21.8% 23,291 1.6%
Transfers Out 96,517 3,000 3,000 ‐ 96,517 100.0% 3,000 100.0%
Total Expenditures 6,432,140$ 4,904,722$ 4,904,722$ 4,375,970$ 2,056,170$ 32.0% 528,752$ 10.8%
Variance Favorable (Unfavorable)
Prior Year YTD2020 YTD Budget
Human Services
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 577,938$ 703,400$ 703,400$ 611,620$ (33,683)$ ‐5.8%91,779$ 13.0%
Supplies 14,029 15,650 15,650 8,254 5,775 41.2% 7,396 47.3%
Contracted Services 778,103 1,247,521 1,247,521 766,439 11,664 1.5% 481,082 38.6%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 108,659 89,123 89,123 82,467 26,192 24.1% 6,656 7.5%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 1,478,729$ 2,055,693$ 2,055,693$ 1,468,780$ 9,948$ 0.7% 586,913$ 28.6%
Variance Favorable (Unfavorable)
Prior Year YTD2020 YTD Budget
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 14 of 45
MUSEUM
PUBLIC WORKS ADMIN
STREET MAINTENANCE
Personnel – The amount of personnel costs under budget is due to open positions.
Transfers Out – The decrease in transfers out is due to one‐time transfers in 2019 for the purchase of three new pieces of
equipment that were not repeated in 2020.
TRANSPORTATION
Personnel – The increase in salaries and benefits is due to COLAs and two vacant positions in 2019 that are filled in 2020. The
amount of personnel costs under budget is due to vacant positions during the year.
Museum
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 142,754$ 134,675$ 134,675$ 133,733$ 9,021$ 6.3% 942$ 0.7%
Supplies ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Contracted Services ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 110,254 90,520 90,520 87,324 22,930 20.8% 3,196 3.5%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 253,008$ 225,195$ 225,195$ 221,057$ 31,951$ 12.6% 4,138$ 1.8%
Variance Favorable (Unfavorable)
Prior Year YTD2020 YTD Budget
Public Works Admin
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 352,456$ 374,676$ 374,676$ 304,599$ 47,857$ 13.6% 70,077$ 18.7%
Supplies 512 800 800 1,488 (976) ‐190.8% (688) ‐85.9%
Contracted Services 1,920 1,650 1,650 26,900 (24,980) ‐1300.9% (25,250) ‐1530.3%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 69,578 67,769 67,769 67,753 1,825 2.6% 16 0.0%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 424,466$ 444,895$ 444,895$ 400,739$ 23,726$ 5.6% 44,155$ 9.9%
2020
Variance Favorable (Unfavorable)
BudgetPrior Year
Street Maintenance
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 2,830,844$ 3,030,489$ 3,030,489$ 2,826,171$ 4,673$ 0.2% 204,318$ 6.7%
Supplies 343,470 279,798 279,798 361,614 (18,143) ‐5.3% (81,816) ‐29.2%
Contracted Services 1,060,383 1,133,781 1,133,781 1,087,724 (27,341) ‐2.6%46,057 4.1%
Capital Outlay ‐ 5,200 5,200 ‐ ‐ 0.0% 5,200 100.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 1,266,841 1,142,386 1,142,386 1,169,235 97,606 7.7%(26,849) ‐2.4%
Transfers Out 321,000 ‐ ‐ 4,811 316,189 98.5%(4,811) 100.0%
Total Expenditures 5,822,538$ 5,591,654$ 5,591,654$ 5,449,555$ 372,984$ 6.4% 142,100$ 2.5%
Prior Year YTD2020 YTD Budget
Variance Favorable (Unfavorable)
Transportation
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 4,112,698$ 4,487,507$ 4,487,507$ 4,289,456$ (176,757)$ ‐4.3%198,052$ 4.4%
Supplies 253,161 223,252 223,252 224,584 28,577 11.3%(1,332) ‐0.6%
Contracted Services 885,576 945,974 945,974 838,912 46,664 5.3% 107,062 11.3%
Capital Outlay ‐ ‐ ‐ 13,818 (13,818) 100.0%(13,818) 100.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 728,881 642,453 642,453 639,344 89,537 12.3% 3,110 0.5%
Transfers Out 2,180,237 760,000 760,000 762,959 1,417,278 65.0%(2,959) ‐0.4%
Total Expenditures 8,160,553$ 7,059,187$ 7,059,187$ 6,769,072$ 1,391,481$ 17.1% 290,115$ 4.1%
Prior Year YTD2020
Variance Favorable (Unfavorable)
YTD Budget
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 15 of 45
Contracted Services – The amount of contracted services under budget is due to cost savings associated with electricity
charges for signals and streetlights ($98K) and employee ORCA card purchases under the Commute Trip Reduction (CTR)
program ($59K) as many employees are working from home due to the COVID‐19 pandemic. These cost savings are being
offset by higher than anticipated property loss repair costs ($62K) that have not yet been reimbursed by the insurance fund.
Transfers Out – The increase in transfers over the prior year is due to fuel tax previously recorded in the Arterial Street Fund
and transferred to the Capital Improvement Fund are now being recorded in and transferred from the General Fund.
NON‐DEPARTMENTAL AND OTHER
Personnel ‐ The amount of personnel expenditures under the prior year and budget is due to savings from expected employee
separation payments.
Contracted Services – The amount of contracted services under budget is due to a $1.8M contingency reserve that was set
aside for unanticipated costs related to the SCORE that were not utilized.
Transfers Out – Transfers Out have a net decrease from prior year primarily due to 1) a decrease in REET transfers ($2.2M),
2) a 2019 transfer to the Family First Center capital fund ($3.4M) that was not repeated in 2020, and 3) a decrease in the
amount of B&O tax transferred to the Transportation capital project fund ($670K).
Transfers between the General Fund and its management funds are just over $12.1M. In the past, these tax revenues were
allocated among the various management funds of the General Fund. Now, 100% of tax revenues are recognized in the
General Fund (000) with transfers to the Community Services Fund (001), the Street Fund (003), and the Museum Fund (005).
For budgetary purposes, the transfer in and transfer out amounts are reflected in the General Fund revenues and
expenditures. Transfers between the General Fund and its management funds are eliminated for reporting in the City’s
Comprehensive Annual Financial Report (CAFR).
Non‐Departmental and Other
Summary of Uses 2019
Year to Date through December YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 2,821,737$ 2,407,200$ 2,407,200$ 2,142,073$ 679,664$ 24.1% 265,127$ 11.0%
Supplies ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Contracted Services 176,710 1,979,919 1,979,919 163,145 13,566 7.7% 1,816,774 91.8%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 15,830 18,828 18,828 18,828 (2,998) ‐18.9%‐ 0.0%
Transfers Out 27,343,337 21,083,979 21,083,979 21,083,979 6,259,358 22.9%‐ 0.0%
Total Expenditures 30,357,614$ 25,489,926$ 25,489,926$ 23,408,024$ 6,949,590$ 22.9% 2,081,901$ 8.2%
Prior Year YTD2020
Variance Favorable (Unfavorable)
YTD Budget
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 16 of 45
DEBT SERVICE FUNDS
Debt service funds are used to account for the accumulation of resources for the payment of principal and interest related to
the City’s general obligation bond issues. YTD budgets are not prepared for debt service funds.
GENERAL GOVERNMENTAL MISCELLANEOUS DEBT FUND
The General Governmental Miscellaneous Debt Fund is the only debt service fund maintained by the City.
Principal and Interest – The increase in principal and interest payments is due to the 2019 Parks and LRF bonds.
Transfers In – The decrease in transfers in is due to using excess fund balance for debt service payments rather than
transferring in additional funds.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental 63,526$ 56,930$ 57,888$ (5,638)$ 958$ 101.68%
Charges for services 372,059 386,827 386,828 14,769 1 100.00%
Investment Earnings 62,171 ‐ 48,906 (13,265) 48,906 N/A
TOTAL REVENUES 497,756 443,757 493,622 (4,134) 49,865 111.24%
EXPENDITURES:
Principal 5,167,947 5,405,922 5,405,922 (237,975) ‐ 100.00%
Interest 1,646,927 1,756,464 1,783,753 (136,826) (27,289) 101.55%
TOTAL EXPENDITURES 6,814,874 7,162,386 7,189,675 (374,801) (27,289) 100.38%
TRANSFERS IN 8,009,403 7,707,227 7,707,225 (302,178) (2) 100.00%
NET TRANSFERS 8,009,403 6,817,424 7,707,225 (302,178) 889,801 113.05%
CHANGE IN FUND BALANCE 1,692,285 98,795 1,011,172 (681,113) 912,377 1023.51%
BEGINNING FUND BALANCE, Jan 1 2,307,173 3,999,457 3,999,457 1,692,284 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 3,999,458$ 4,098,252$ 5,010,629$ 1,011,171$ 912,377$ 122.26%
VARIANCE
FAVORABLE (UNFAVORABLE)
GENERAL GOVERNMENTAL MISCELLANEOUS DEBT
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 17 of 45
SPECIAL REVENUE FUNDS
Special revenue funds are used to account for revenues that are to be used for a specific purpose as required by law or
legislative action. YTD budgets are not prepared for special revenue funds.
Hotel/Motel Fund
The Hotel/Motel Fund accounts for monies collected through an increase of 1% in hotel/motel taxes for the purpose of
increasing tourism in the City or Renton, as authorized under RCW 67.28.180. The Lodging Tax Advisory Committee solicits
applications for awards and brings their recommendations to Council for approval at least once per year. Awards for events
are paid to applicants at the conclusion of the event once certain reporting requirements have been met.
Taxes – The decrease in taxes from the prior year is due to COVID‐19 resulting in less people travelling.
Contracted Services – The amount of contracted services under budget is due to the cancellation of events that had been
approved for funding by the Lodging Tax Advisory Committee due to COVID‐19.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Taxes 531,587$ 200,000$ 233,846$ (297,741)$ 33,846$ 116.92%
Contributions 24,000 25,000 30,000 6,000 5,000 120.00%
Investment Earnings 12,067 ‐ 8,888 (3,179) 8,888 N/A
TOTAL REVENUES 567,654 225,000 272,734 (294,920) 47,734 121.22%
EXPENDITURES:
Contracted Services 346,154 416,562 285,519 60,635 131,043 68.54%
TOTAL EXPENDITURES 346,154 416,562 285,519 60,635 131,043 68.54%
TRANSFERS OUT ‐ 37,500 37,500 37,500 ‐ 100.00%
NET TRANSFERS ‐ (37,500) (37,500) (37,500) ‐ N/A
CHANGE IN FUND BALANCE 221,500 (229,062) (50,285) (271,785) 178,777 21.95%
BEGINNING FUND BALANCE, Jan 1 722,387 943,889 943,889 221,502 ‐ 130.66%
ENDING FUND BALANCE, Dec 31 943,887$ 714,827$ 893,604$ (50,283)$ 178,777$ 94.67%
VARIANCE
FAVORABLE (UNFAVORABLE)
HOTEL/MOTEL
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 18 of 45
Municipal Art Fund
The Municipal Art Fund was established to account for the activities of the Renton Municipal Arts Commission, as outlined in
Renton Municipal Code (RMC) section 2‐8‐7. Expenditures include grants paid to local artists, organizations, and community
groups for arts and culture projects and events that serve the general public in Renton and payments for Public Art capital
projects located throughout the City.
Contracted Services – In the past, the operational budget of the Renton Municipal Arts Commission (RMAC) was included in
the Economic Development budget within the General Fund and the capital budget was reported in the Municipal Art Fund.
In 2020 the operational budget of the RMAC was combined with the capital budget in the Municipal Art fund. The increase
in contracted services in the Municipal Art fund is the result of this change in reporting.
Cable Communications Fund
The Cable Communications Fund accounts for funding for promotion and development of cable communications as
established by City ordinance. The main use of the fund is to support the broadcasting of City Council meetings on Channel
21.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Investment Earnings 1,233$ ‐$ 1,336$ 103$ 1,336$ N/A
TOTAL REVENUES 1,233 ‐ 1,336 103 1,336 N/A
EXPENDITURES:
Supplies ‐ 200 506 (506) (306) 253.00%
Contracted Services ‐ 183,460 142,225 (142,225) 41,235 77.52%
Capital Outlay 123,813 88,130 73,130 50,683 15,000 82.98%
TOTAL EXPENDITURES 123,813 271,790 215,861 (92,048) 55,929 79.42%
TRANSFERS IN 102,000 180,660 180,660 78,660 (0) 100.00%
NET TRANSFERS 102,000 180,660 180,660 78,660 ‐ 100.00%
CHANGE IN FUND BALANCE (20,580) (91,130) (33,865) (13,285) 57,265 37.16%
BEGINNING FUND BALANCE, Jan 1 119,446 98,865 98,865 (20,581) ‐ 100.00%
ENDING FUND BALANCE, Dec 31 98,866$ 7,735$ 65,000$ (33,866)$ 57,265$ 840.34%
MUNICIPAL ART
VARIANCE
FAVORABLE (UNFAVORABLE)
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Taxes 40,000$ ‐$ ‐$ (40,000)$ ‐$ N/A
Licenses and permits 85,177 57,674 80,143 (5,034) 22,469 138.96%
Investment Earnings 8,288 ‐ 5,762 (2,526) 5,762 N/A
TOTAL REVENUES 133,465 57,674 85,905 (47,560) 28,231 148.95%
EXPENDITURES:
Personnel 9,314 ‐ ‐ (9,314) ‐ N/A
Supplies 304 6,302 ‐ (304) 6,302 0.00%
Contracted Services 49,247 51,372 51,955 2,708 (583) 101.13%
Capital Outlay ‐ 40,000 ‐ ‐ 40,000 0.00%
TOTAL EXPENDITURES 58,865 97,674 51,955 (6,910) 45,719 53.19%
TRANSFERS IN ‐ 40,000 40,000 40,000 ‐ 100.00%
NET TRANSFERS ‐ 40,000 40,000 40,000 ‐ 100.00%
CHANGE IN FUND BALANCE 74,600 ‐ 73,950 (650) 73,950 N/A
BEGINNING FUND BALANCE, Jan 1 529,159 603,760 603,760 74,601 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 603,759$ 603,760$ 677,710$ 73,951$ 73,950$ 112.25%
CABLE COMMUNICATIONS
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 19 of 45
Springbrook Wetlands Fund
The Springbrook Wetlands Fund was established in 2007 for the purpose of providing accounting for the Springbrook Creek
Wetland and Habitat Mitigation Bank project. The fund will receive revenue by selling Wetlands credits to third parties and
to the City’s internal departments.
Police Seizure Fund
The Police Seizure Fund was established in 2020 for the purpose of providing transparency in the accounting for assets seized
by Police in accordance with RCW 9A.83.030 and 69.50.505, previously accounted for within the General Fund. These seizure
funds are restricted to use exclusively for the expansion and improvement of controlled substances related law enforcement
activity.
Contributions – Contributions reflect the value of assets seized during the year. These seizures are variable each year and,
therefore, are not budgeted.
Supplies – Annually, the beginning balance of seizure funds is appropriated to the supplies expenditure account in order to
give Police the budget authority to spend the seizure funds as items qualifying for use of the funds are identified throughout
the year.
Transfers In – Transfers in represents the balance of seizure funds that were previously held in the General Fund that were
transferred in with the establishment of the special revenue fund in 2020.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Investment Earnings 4,763$ ‐$ 3,169$ (1,594)$ 3,169$ N/A
TOTAL REVENUES 4,763 ‐ 3,169 (1,594) 3,169 N/A
TOTAL EXPENDITURES ‐ ‐ ‐ ‐ ‐ N/A
NET TRANSFERS ‐ ‐ ‐ ‐ ‐ N/A
CHANGE IN FUND BALANCE 4,763 ‐ 3,169 (1,594) 3,169 N/A
BEGINNING FUND BALANCE, Jan 1 340,895 345,658 345,658 4,763 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 345,658$ 345,658$ 348,827$ 3,169$ 3,169$ 100.92%
SPRINGBROOK WETLANDS
VARIANCE
FAVORABLE (UNFAVORABLE)
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Contributions ‐$ ‐$ 323,507$ 323,507$ 323,507$ N/A
Investment Earnings ‐ ‐ 5,628 5,628 5,628 N/A
TOTAL REVENUES ‐ ‐ 329,135 329,135 329,135 N/A
EXPENDITURES:
Supplies ‐ 711,102 88,510 88,510 (622,591) 12.45%
Contracted Services ‐ ‐ 58,392 58,392 58,392 N/A
Capital Outlay ‐ ‐ 20,886 20,886 20,886 N/A
TOTAL EXPENDITURES ‐ 711,102 167,788 167,788 543,314 23.60%
TRANSFERS IN ‐ 711,102 711,102 711,102 ‐ 100.00%
NET TRANSFERS ‐ 711,102 711,102 711,102 ‐ 100.00%
CHANGE IN FUND BALANCE ‐ ‐ 872,449 872,449 872,449 N/A
BEGINNING FUND BALANCE, Jan 1 ‐ ‐ ‐ ‐ ‐ N/A
ENDING FUND BALANCE, Dec 31 ‐$ ‐$ 872,449$ 872,449$ 872,449$ N/A
POLICE SEIZURE
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 20 of 45
Police CSAM Seizure Fund
The Police CSAM Seizure Fund was established in 2020 for the purpose of providing transparency in the accounting for assets
seized by Police in accordance with RCW 9A.88.150, previously accounted for within the General Fund. These seizure funds
are restricted to the exclusive use of enforcing the provisions of chapter 9A.88 RCW, Indecent Exposure‐Prostitution, or
chapter 9.68A RCW, Sexual Exploitation of Children.
Transfers In – Transfers in represents the balance of CSAM seizure funds that were previously held in the General Fund that
were transferred in with the establishment of the special revenue fund in 2020.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Fines and penalties ‐$ ‐$ 21,799$ 21,799$ 21,799$ N/A
Investment Earnings ‐ ‐ 4,328 4,328 4,328 N/A
TOTAL REVENUES ‐ ‐ 26,127 26,127 26,127 N/A
Contracted Services ‐ ‐ 1,501 1,501 1,501 N/A
TOTAL EXPENDITURES ‐ ‐ 1,501 1,501 (1,501) N/A
TRANSFERS IN ‐ 126,011 126,011 126,011 ‐ 100.00%
NET TRANSFERS ‐ 126,011 126,011 126,011 ‐ 100.00%
CHANGE IN FUND BALANCE ‐ 126,011 150,637 150,637 24,626 119.54%
BEGINNING FUND BALANCE, Jan 1 ‐ ‐ ‐ ‐ ‐ N/A
ENDING FUND BALANCE, Dec 31 ‐$ 126,011$ 150,637$ 150,637$ 24,626$ 119.54%
POLICE CSAM SEIZURE
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 21 of 45
CAPITAL PROJECT FUNDS
Capital project funds are used to account for the acquisition and construction of major capital facilities and equipment. YTD
budgets are not prepared for capital project funds. Project budgets are adopted when funding is secured, and balances are
carried forward each year until they are either 1) fully spent or 2) reallocated to another project through the budget
adjustment process.
Community Services Impact Mitigation Fund
This fund accounts for park impact fees collected from developers as authorized under RCW 82.02.050‐.110. These fees are
used to help offset the cost of system improvements necessary to service the new development. Impact fees are held in this
fund and subsequently transferred to the Municipal Facilities CIP Fund when qualifying capital projects are budgeted.
Transportation Impact Mitigation Fund
This fund accounts for transportation impact fees collected from developers as authorized under RCW 82.02.050‐.110. These
fees are used to offset the cost of system improvements necessary to serve the new development. Impact fees are held in
this fund and subsequently transferred to the Capital Improvement Fund when qualifying projects are budgeted.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 469,290$ 86,500$ 495,647$ 26,357$ 409,147$ 573.00%
Investment Earnings 39,453 ‐ 18,232 (21,221) 18,232 N/A
TOTAL REVENUES 508,743 86,500 513,879 5,136 427,379 594.08%
TOTAL EXPENDITURES ‐ ‐ ‐ ‐ ‐ N/A
TRANSFERS OUT 1,200,000 945,909 601,795 (598,205) 344,114 63.62%
NET TRANSFERS (1,200,000) (945,909) (601,795) 598,205 344,114 63.62%
CHANGE IN FUND BALANCE (691,257) (859,409) (87,916) 603,341 771,493 10.23%
BEGINNING FUND BALANCE, Jan 1 2,578,256 1,886,999 1,886,999 (691,257) ‐ 100.00%
Prior Period Adjustment ‐ ‐ (85,250) (85,250) (85,250) N/A
BEGINNING FUND BALANCE, Jan 1 (restated) 2,578,256 1,886,999 1,801,749 (776,507) (85,250) 95.48%
ENDING FUND BALANCE, Dec 31 1,886,999$ 1,027,590$ 1,713,833$ (173,166)$ 686,243$ 166.78%
COMMUNITY SERVICES IMPACT MITIGATION
VARIANCE
FAVORABLE (UNFAVORABLE)
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 1,875,489$ 1,435,875$ 1,989,329$ 113,840$ 553,454$ 138.54%
Investment Earnings 58,530 ‐ 35,268 (23,262) 35,268 N/A
TOTAL REVENUES 1,934,019 1,435,875 2,024,597 90,578 588,722 141.00%
TOTAL EXPENDITURES ‐ ‐ ‐ ‐ ‐ N/A
TRANSFERS OUT 2,324,200 1,811,987 1,811,987 (512,213) 0 100.00%
NET TRANSFERS (2,324,200) (1,811,987) (1,811,987) 512,213 ‐ 100.00%
CHANGE IN FUND BALANCE (390,181) (376,112) 212,610 602,791 588,722 ‐56.53%
BEGINNING FUND BALANCE, Jan 1 3,332,524 2,942,344 2,942,344 (390,180) ‐ 100.00%
ENDING FUND BALANCE, Dec 31 2,942,343$ 2,566,232$ 3,154,954$ 212,611$ 588,722$ 122.94%
TRANSPORTATION IMPACT MITIGATION
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 22 of 45
REET 1 Fund
This fund accounts for the first quarter percent of real estate excise tax (REET) levied in accordance with RCW 82.46.010. The
tax may be used for eligible capital projects, as defined in RCW.82.46.010(6), that are included in the capital facilities element
of the City’s comprehensive plan. REET 1 tax revenues are held in this fund and subsequently transferred to the appropriate
capital project fund when qualifying projects are budgeted.
REET 2 Fund
This fund accounts for the second quarter percent of real estate excise tax (REET) levied in accordance with RCW 82.46.035.
The tax may be used for eligible capital projects, as defined in RCW.82.46.035(5), that are included in the capital facilities
element of the City’s comprehensive plan. REET 2 tax revenues are held in this fund and subsequently transferred to the
appropriate capital project fund when qualifying projects are budgeted.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Taxes ‐$ 2,000,000$ 3,303,490$ 3,303,490$ 1,303,490$ 165.17%
Investment Earnings ‐ ‐ 15,924 15,924 15,924 N/A
TOTAL REVENUES ‐ 2,000,000 3,319,414 3,319,414 1,319,414 165.97%
EXPENDITURES:
TOTAL EXPENDITURES ‐ ‐ ‐ ‐ ‐ N/A
TRANSFERS IN ‐ 1,143,855 1,143,855 1,143,855 ‐ 100.00%
TRANSFERS OUT ‐ 2,421,000 2,421,000 2,421,000 ‐ 100.00%
NET TRANSFERS ‐ (1,277,145) (1,277,145) (1,277,145) ‐ 100.00%
CHANGE IN FUND BALANCE ‐ 722,855 2,042,269 2,042,269 1,319,414 282.53%
BEGINNING FUND BALANCE, Jan 1 ‐ ‐ ‐ ‐ ‐ N/A
ENDING FUND BALANCE, Dec 31 ‐$ 722,855$ 2,042,269$ 2,042,269$ 1,319,414$ 282.53%
REET 1
VARIANCE
FAVORABLE (UNFAVORABLE)
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Taxes ‐$ 2,000,000$ 3,303,490$ 3,303,490$ 1,303,490$ 165.17%
Investment Earnings ‐ ‐ 15,924 15,924 15,924 N/A
TOTAL REVENUES ‐ 2,000,000 3,319,414 3,319,414 1,319,414 165.97%
EXPENDITURES:
TOTAL EXPENDITURES ‐ ‐ ‐ ‐ ‐ N/A
TRANSFERS IN ‐ 1,143,855 1,143,855 1,143,855 (0) 100.00%
TRANSFERS OUT ‐ 1,692,404 1,051,404 1,051,404 641,000 62.12%
NET TRANSFERS ‐ (548,549) 92,451 92,451 641,000 ‐16.85%
CHANGE IN FUND BALANCE ‐ 1,451,451 3,411,865 3,411,865 1,960,414 235.07%
BEGINNING FUND BALANCE, Jan 1 ‐ ‐ ‐ ‐ ‐ N/A
ENDING FUND BALANCE, Dec 31 ‐$ 1,451,451$ 3,411,865$ 3,411,865$ 1,960,414$ 235.07%
REET 2
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 23 of 45
Municipal Facilities CIP Fund
This fund accounts for general governmental facility construction, improvement and renovation; property acquisitions for
parks and City space needs; parks development and equipment; and major maintenance of existing general governmental
assets. Transportation capital improvements are accounted for in a separate fund.
A listing of project budgets and balances at December 31 is provided on the following page. The budget for personnel costs
is included in the listing for ease of comparison to total expenditures shown in the table above, but personnel costs are not
considered projects and, therefore, any remaining budget would not be carried forward at the end of the year.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental 731,955$ 3,820,752$ 3,073,037$ 2,341,082$ (747,715)$ 80.43%
Charges for services 10,643 ‐ 4,140 (6,503) 4,140 N/A
Sale of general fixed assets 180,000 560,000 560,000 380,000 ‐ 100.00%
Contributions 288,462 11,000 ‐ (288,462) (11,000) 0.00%
Investment Earnings 412,656 175,910 226,519 (186,137) 50,609 128.77%
TOTAL REVENUES 1,628,056 4,567,662 3,863,696 2,235,640 (703,966) 84.59%
EXPENDITURES:
Personnel 438,323 746,459 482,930 44,607 263,529 64.70%
Supplies 126,551 878,203 871,118 744,567 7,085 99.19%
Contracted Services 277,606 742,280 564,939 287,333 177,341 76.11%
Capital Outlay 9,718,976 27,542,441 7,107,728 (2,611,248) 20,434,713 25.81%
TOTAL EXPENDITURES 10,561,456 29,909,383 9,026,715 (1,534,741) 20,882,668 30.18%
TRANSFERS IN 2,077,000 2,774,909 1,789,795 (287,205) (985,114) 64.50%
TRANSFERS OUT 1,924,971 2,723,680 2,723,680 798,709 ‐ 100.00%
NET TRANSFERS 152,029 51,229 (933,885) (1,085,914) (985,114) ‐1822.96%
CHANGE IN FUND BALANCE (8,781,371) (25,290,492) (6,096,904) 2,684,467 19,193,588 24.11%
BEGINNING FUND BALANCE, Jan 1 20,675,238 26,395,567 26,395,567 5,720,329 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 11,893,867$ 1,105,075$ 20,298,663$ 8,404,796$ 19,193,588$ 1836.86%
MUNICIPAL FACILITIES CIP
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 24 of 45
Municipal Facilities CIP Fund (continued)
PROJECT BUDGET ACTUAL BALANCE
CAPITAL PROJECT COORDINATORS 746,459$ 482,930$ 263,529$
SALE OF PARK LAND COSTS 10,000 10,000 -
SUNSET NEIGHBORHOOD PARK ART 224,100 137,244 86,856
CITY HALL ELEVATORS 2,079,704 409,436 1,670,268
CITY WIDE SECURITY SYSTEM UPGRADES 340,055 77,973 262,082
COMM SVCS MAINT SHOPS REHAB 299,946 - 299,946
SIGN SHOP IMPROVEMENTS 37,719 34,895 2,824
FIRE STATION 15 957,962 866,131 91,831
CITY HALL MAJOR HVAC AND FIRE COMP REPL 1,796,262 53,159 1,743,103
4TH FLOOR REMODEL AND POLICE TRAINING CENTER 210,371 415,046 (204,675)
BOATHOUSE 323,248 308,485 14,763
HENRY MOSES AQUATIC CENTER 88,644 - 88,644
PARKS RECREATION AND OPEN SPACE PLAN 8,730 8,730 -
REGIS PARK ATHLETIC FIELD EXPANSION 32,161 32,161 -
SPORT COURT IMPROVEMENTS 150,000 - 150,000
PARKING LOT AND DRIVEWAY REPAIRS 90,000 - 90,000
IRRIGATION AUTOMATION & CONSERVATION 12,072 4,987 7,085
URBAN FORESTRY PROGRAM 106,044 6,836 99,208
PARKS MM - PLAYGRDS, KIOSKS & INT SIGNS 665,640 589,853 75,787
PARKS MM - SHORELINE AND BANK STABILIZAT 182,500 - 182,500
PARKS MM - STRUCTURAL REVIEWS & REPAIRS 632,506 549,460 83,046
SUNSET EIS PARK 3,907,344 3,727,418 179,926
COULON PARK STRUCTURAL IMPROVEMENTS 1,038 4,595 (3,557)
COULON PARK TURF REPLACEMENT 25,788 - 25,788
COULON SWIM BEACH 250,000 - 250,000
LIBERTY PARK IMPROVEMENTS 525,852 - 525,852
TRANSPORTATION LANDSCAPE 90,000 - 90,000
PHILIP ARNOLD PARK IMPROVEMENTS 6,105,000 153,867 5,951,133
COULON - ROSEWALL 7,775 17,645 (9,870)
KIWANIS PARK 5,325,388 227,434 5,097,954
COULON - WATERWALK 2,471,415 142,195 2,329,220
COULON - TRESTLE BRIDGE 1,594,296 164,440 1,429,856
FAWCETT PROPERTY PURCHASE ROFR 611,364 601,795 9,569
TOTAL PROJECT BALANCES 29,909,383$ 9,026,715$ 20,882,668$
MUNICIPAL FACILITIES CIP PROJECT BUDGETS AT DECEMBER 31, 2020
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 25 of 45
Capital Improvement Fund
This fund accounts for the City’s Transportation capital projects.
A listing of project budgets and balances at December 31 is provided on the following page.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental 2,292,238$ 28,444,058$ 2,439,149$ 146,911$ (26,004,909)$ 8.58%
Charges for services ‐ 250,000 250,000 250,000 ‐ 100.00%
Fines and penalties 55,788 7,200 23,482 (32,306) 16,282 326.14%
Contributions 238,518 ‐ ‐ (238,518) ‐ N/A
Investment Earnings 148,433 70,000 163,069 14,636 93,069 232.96%
TOTAL REVENUES 2,734,977 28,771,258 2,875,700 140,723 (25,895,558) 10.00%
EXPENDITURES:
Personnel 119,458 56,000 104,094 (15,364) (48,094) 185.88%
Supplies 44,903 ‐ 155,655 110,752 (155,655) N/A
Contracted Services 184,819 ‐ 154,324 (30,495) (154,324) N/A
Capital Outlay 6,036,639 51,555,373 8,522,976 2,486,337 43,032,397 16.53%
TOTAL EXPENDITURES 6,385,819 51,611,373 8,937,049 2,551,230 42,674,324 17.32%
TRANSFERS IN 8,479,757 3,963,609 3,905,909 (4,573,848) (57,700) 98.54%
NET TRANSFERS 8,413,257 3,963,609 3,905,909 (4,507,348) (57,700) 98.54%
CHANGE IN FUND BALANCE 4,762,415 (18,876,506) (2,155,440) (6,917,855) 16,721,066 N/A
BEGINNING FUND BALANCE, Jan 1 5,492,313 18,947,853 18,947,853 13,455,540 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 10,254,728$ 71,347$ 16,792,413$ 6,537,685$ 16,721,066$ 23536.26%
CAPITAL IMPROVEMENT
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 26 of 45
Capital Improvement Fund (continued)
PROJECT BUDGET ACTUAL BALANCE
WALKWAY PGM 217,096$ -$ 217,096$
NE 31ST ST CULVERT 12,228 - 12,228
ARTERIAL CIRCULATION PGM 100,000 55,436 44,564
BRIDGE INSPECTION & REPAIR 236,916 41,007 195,909
ROADWAY SAFETY & GUARDRAIL 54,407 - 54,407
CATCH BASIN REPAIR 250,000 - 250,000
I-405/44TH GATEWAY SIGNAGE 57,700 - 57,700
RENTON CONNECTOR 1,593,294 11,594 1,581,700
STREET OVERLAY PGM 1,705,830 239,929 1,465,901
TRAFFIC SAFETY PGM 260,507 202,699 57,808
PROJ DEV & PRE-DESIGN 116,940 40,207 76,733
SO 7TH ST 135,000 - 135,000
ITS PGM 159,891 133,763 26,128
RENTON AVE EXT PRES 778,082 289,162 488,920
SW GRADY WAY PRES 7,603 12,274 (4,671)
DUVALL AVE NE PRES - (2,209) 2,209
PARK AVE EXTENSION 7,712,602 290,675 7,421,927
RAINIER AVE S/N PHASE 4 5,689,029 1,120,266 4,568,763
INTERSECT SAFETY & MOBILITY 386,934 111,324 275,610
NE 31ST ST BRIDGE REPLACEMENT 251,030 2,984 248,046
N 27TH PL CULVERT SCOUR REPAIR 71,719 5,097 66,622
DUVALL AVE 7TH TO SUNSET 6,910,089 410,566 6,499,523
BARRIER FREE 85,000 6,117 78,883
SIDEWALK REHAB 100,000 - 100,000
LAKE WASHINGTON LOOP TRAIL 1,099,156 93,051 1,006,105
HIGHLANDS TO LANDING 533,310 110,820 422,490
SUNSET BLVD CORRIDOR 4,639,769 218,715 4,421,054
PRES OF TOD 245,001 171,505 73,496
WILLIAMS AVE S & WELLS AVE S CONV 10,385,423 3,890,350 6,495,073
ARTERIAL REHAB - SW 43RD 1,125,000 80,040 1,044,960
BRONSON BRIDGE 611,235 147,469 463,766
HOUSER WAY N BRIDGE 590,985 79,988 510,997
WILLIAMS BRIDGE 713,535 63,543 649,992
NILE BRIDGE 50,000 - 50,000
S 2ND STREET CONVERSION 1,540,750 5,256 1,535,494
HOUSER WAY INT & PED IMP 814,625 84,160 730,465
RENTON SCHOOL CROSSINGS 870,687 199,853 670,834
SAFE ROUTES TO TRANSIT 1,500,000 821,408 678,592
TOTAL PROJECT BALANCES 51,611,373$ 8,937,049$ 42,674,324$
CAPITAL IMPROVEMENT PROJECT BUDGETS AT DECEMBER 31, 2020
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 27 of 45
Housing Opportunity Fund
This fund was historically used to account for the Economic Development Reserve and Housing Opportunity Grants. After a
review of the fund, it was determined that the use of the fund did not qualify as a capital project fund under Generally
Accepted Accounting Principles (GAAP) and the fund has been closed. The fund balance was transferred to a management
fund of the General Fund where the fund balance will remain intact until authorized by Council to be spent.
New Library Development Fund
This fund was used to account for the construction of the new Highlands Library and the renovation of the Cedar River Library.
The fund is no longer needed as the library construction projects were complete in 2016. Closure of the fund and a transfer
of the remaining fund balance will be proposed with the 1st quarter 2021 budget adjustment.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Investment Earnings 37,284$ 6,309$ 6,309$ (30,975)$ ‐$ 100.00%
TOTAL REVENUES 37,284 6,309 6,309 (30,975) ‐ 100.00%
EXPENDITURES:
Contracted Services 49,139 ‐ ‐ (49,139) ‐ N/A
TOTAL EXPENDITURES 49,139 ‐ ‐ (49,139) ‐ N/A
TRANSFERS OUT ‐ 2,576,659 2,576,659 (2,576,659) ‐ 100.00%
NET TRANSFERS ‐ (2,576,659) (2,576,659) 2,576,659 ‐ N/A
CHANGE IN FUND BALANCE (11,855) (2,570,350) (2,570,350) 2,594,823 ‐ N/A
BEGINNING FUND BALANCE, Jan 1 2,582,203 2,570,350 2,570,350 (11,853) ‐ 100.00%
ENDING FUND BALANCE, Dec 31 2,570,348$ ‐$ ‐$ 2,582,970$ ‐$ N/A
HOUSING OPPORTUNITY
VARIANCE
FAVORABLE (UNFAVORABLE)
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Investment Earnings 5,408$ ‐$ 271$ (5,137)$ 271$ N/A
TOTAL REVENUES 5,408 ‐ 271 (5,137) 271 N/A
TOTAL EXPENDITURES ‐ ‐ ‐ ‐ ‐ N/A
NET TRANSFERS (445,591) ‐ ‐ 445,591 ‐ N/A
CHANGE IN FUND BALANCE (440,183) ‐ 271 440,454 271 N/A
BEGINNING FUND BALANCE, Jan 1 456,591 16,408 16,408 (440,183) ‐ 100.00%
ENDING FUND BALANCE, Dec 31 16,408$ 16,408$ 16,679$ 271$ 271$ 101.65%
NEW LIBRARY DEVELOPMENT
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 28 of 45
Family First Center Fund
This fund is used to account for the construction of the new Family First Center. Funds accumulated for the construction of
the Family First Center are maintained in the fund balance until such time that Council authorizes their use through the
approval of contracts and additional project budget is established through the budget adjustment process.
Note ‐ Additional funds designated for the Family First Center are being held in a fund with the Renton Community Foundation
(Foundation). Those funds are not reflected in the City’s records as they are assets of the Foundation, not the City. The City
must apply to the Foundation to receive the funds. Funds transferred from the Foundation will be recorded as contribution
revenue when received by the City.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental ‐$ 75,000$ ‐$ ‐$ (75,000)$ 0.00%
Contributions 37,495 ‐ 4,920 (32,575) 4,920 N/A
Investment Earnings 60,791 ‐ 76,555 15,764 76,555 N/A
TOTAL REVENUES 98,286 75,000 81,475 (16,811) 6,475 108.63%
EXPENDITURES:
Capital Outlay 696,113 648,948 276,173 (419,940) 372,775 42.56%
TOTAL EXPENDITURES 740,691 648,948 276,173 (464,518) 372,775 42.56%
NET TRANSFERS 5,000,000 ‐ ‐ (5,000,000) ‐ N/A
CHANGE IN FUND BALANCE 4,357,595 (573,948) (194,698) (4,552,293) 379,250 N/A
BEGINNING FUND BALANCE, Jan 1 4,193,806 8,551,401 8,551,401 4,357,595 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 8,551,401$ 7,977,453$ 8,356,703$ (194,698)$ 379,250$ 104.75%
FAMILY FIRST CENTER
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 29 of 45
ENTERPRISE FUNDS
Enterprise funds are used to account for operations that are financed and operated in a manner similar to private business
enterprises. YTD budgets are not prepared for Enterprise Funds.
Most Enterprise Funds maintain two separate “management funds”, an operating fund and a capital fund. The funds are
consolidated for budget/reporting purposes. Operating budgets lapse at the end of the year. Project budgets are adopted
when funding is secured, and balances are carried forward each year until they are either 1) fully spent or 2) reallocated to
another project through the budget adjustment process. A listing of project balances for each Enterprise Fund is included,
along with a reconciliation to the amounts reported as “Capital Outlay”.
Airport Fund
This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and
maintenance of the Renton Municipal Airport.
Grants / Intergovernmental – The Airport receives various grants, primarily from the FAA. The revenue from these grants
varies greatly depending on the timing and amount of qualifying expenses. The decrease in grant revenues in 2020
corresponds to the decrease in expenses related to the Airport Master Plan Update.
Charges for Services – Charges for services represents fuel charges and service fees. There has been a decrease in utilization
of Airport services by customers related to shutdown of aviation manufacturing due to the pandemic and other economic
factors in and around the airport.
Personnel – The decrease in personnel costs from the prior year and the amount under budget is due to open positions.
Contracted Services – The decrease in contracted services from the prior year and amounts under budget are related to the
Airport Master Plan Update project. Expenses for this project are declining as the project is nearing completion.
Capital Outlay ‐ A listing of project budgets and balances at December 31 is provided on the following page.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental 198,148$ ‐$ 69,000$ (129,148)$ 69,000$ N/A
Charges for services 291,026 145,557 84,735 (206,291) (60,822) 58.21%
Rents, leases, and misc fees 2,876,245 2,902,353 2,955,121 78,876 52,768 101.82%
Interest and other misc 92,292 3,857 102,476 10,184 98,619 2656.88%
TOTAL REVENUES 3,458,328 3,051,767 3,211,332 (246,996) 159,565 105.23%
EXPENSES:
Personnel 1,084,126 1,109,685 885,042 199,084 224,643 79.76%
Supplies 54,659 43,500 37,409 17,250 6,091 86.00%
Contracted Services 555,786 491,088 389,434 166,352 101,654 79.30%
Internal Services 318,121 310,765 314,510 3,611 (3,745) 101.21%
TOTAL OPERATING EXPENSES 2,012,692 1,955,038 1,626,395 386,297 328,643 83.19%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 1,445,636 1,096,729 1,584,937 139,301 488,208 144.51%
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY 213,110 5,944,832 284,571 (71,461) 5,660,261 4.79%
TRANSFERS OUT 6,000 ‐ 1,363 4,637 (1,363) N/A
NET TRANSFERS 41,500 ‐ (1,363) (42,863) (1,363) N/A
CHANGE IN FUND BALANCE 1,274,026 (4,848,103) 1,299,003 24,977 6,147,106 N/A
BEGINNING FUND BALANCE, Jan 1 4,985,377 6,259,402 6,259,402 1,274,025 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 6,259,403$ 1,411,299$ 7,558,405$ 1,299,002$ 6,147,106$ 535.56%
VARIANCE
AIRPORT
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 30 of 45
Airport Fund (continued)
Solid Waste Fund
This fund accounts for revenues and expenses for administration and operating of solid waste, recycling, and yard waste
collection services for the City.
Grants / Intergovernmental – The Solid Waste division routinely receives intergovernmental grants which fund the City’s
various recycling events. COVID‐19 resulted in the cancellation of events in 2020.
Charges for services ‐ The increase in charges for services over the prior year is due to increased rates. The majority of the
increase is coming from commercial and multi‐family steel collections. The large amount over budget is due to the revenue
budget not being adjusted for the rate increase.
PROJECT BUDGET ACTUAL BALANCE
MAINTENANCE DREDGING & SHORELINE MITIGAT 67,000$ -$ 67,000$
AIRPORT OFFICE REHAB 2,763,289 44,973 2,718,316
MAJOR FACILITY MAINTENANCE 357,263 156,128 201,135
SURFACE WATER SYSTEM REHABILITATION 44,496 - 44,496
PAVEMENT MANAGEMENT PROGRAM 255,930 - 255,930
SNOW REMOVAL EQUIPMENT 167,000 - 167,000
MASTER PLAN UPDATE 103,850 77,573 26,277
TAXIWAY ALPHA REHABILITATION 1,115,495 - 1,115,495
RUNWAY SAFETY AREA 774,359 - 774,359
ENVIRONMENTAL IMPACT STUDY 400,000 - 400,000
TOTAL PROJECT BALANCES 6,048,682$ 278,674$ 5,770,008$
Non-capital items included in project budgets (103,850) (24,753) (79,097)
Operating fund equipment purchase - 30,650 (30,650)
TOTAL CAPITAL OUTLAY 5,944,832$ 284,571$ 5,660,261$
AIRPORT PROJECT BALANCES AT DECEMBER 31, 2020
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental 167,153$ 268,631$ 89,664$ (77,489)$ (178,967)$ 33.38%
Charges for services 20,314,470 19,343,186 20,593,831 279,361 1,250,645 106.47%
Interest and other misc 35,550 5,000 26,266 (9,284) 21,266 525.32%
TOTAL REVENUES 20,517,173 19,616,817 20,709,761 192,588 1,092,944 105.57%
EXPENSES:
Personnel 582,687 579,726 545,060 37,627 34,666 94.02%
Supplies 11,212 10,171 5,641 5,571 4,530 55.46%
Contracted Services 19,456,995 18,338,705 19,200,912 256,083 (862,207) 104.70%
Internal Services 476,485 438,482 452,430 24,055 (13,948) 103.18%
TOTAL OPERATING EXPENSES 20,527,379 19,367,084 20,204,043 323,336 (836,959) 104.32%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS (10,206) 249,733 505,718 515,924 255,985 202.50%
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY ‐ ‐ ‐ ‐ ‐ N/A
TRANSFERS OUT ‐ ‐ 284 (284) (284) N/A
NET TRANSFERS ‐ ‐ (284) (284) (284) N/A
CHANGE IN FUND BALANCE (10,206) 249,733 505,434 515,640 255,701 202.39%
BEGINNING FUND BALANCE, Jan 1 2,276,333 2,266,127 2,266,127 (10,206) ‐ 100.00%
ENDING FUND BALANCE, Dec 31 2,266,127$ 2,515,860$ 2,771,561$ 505,434$ 255,701$ 110.16%
SOLID WASTE
VARIANCE
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 31 of 45
Solid Waste Fund (continued)
Contracted Services ‐ The decrease increase in contracted services expense from the prior year is primarily due to decreased
dump fees ($396K), which are being offset by increased payments to the garbage contractor ($108K). The decreased dump
fees directly relate to a decrease in the amount of garbage disposed of with King County, the rates per ton did not change
from 2019. The increase in payments to the garbage contractor directly relates to the increased billing rates, as noted above.
Capital Outlay ‐ The Solid Waste Fund does not have a capital fund.
Golf Course Fund
This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and
maintenance of the Maplewood Golf Course.
Charges for services – The increase in charges for services over the prior year is due to COVID‐19. As many recreational
activities have been cancelled in the region due to COVID‐19 restrictions, the number of people golfing has increased.
Rents, leases, and misc fees – The decrease in rents, leases, and misc fees from the prior year is due to COVID‐19. Rent for
the Golf Course’s restaurant tenant is based on a percentage of restaurant and banquet sales which have declined significantly
due to COVID‐19 restrictions.
Capital Outlay ‐ The Golf Course has $20K budgeted for capital in 2020. This budget is for equipment purchases in the
operating fund and is not related to a capital project.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 1,954,194$ 2,294,800$ 2,270,554$ 316,360$ (24,246)$ 98.94%
Rents, leases, and misc fees 456,998 500,750 320,034 (136,964) (180,716) 63.91%
Interest and other misc 8,068 1,370 4,950 (3,118) 3,580 361.31%
TOTAL REVENUES 2,419,260 2,796,920 2,595,538 176,278 (201,382) 92.80%
EXPENSES:
Personnel 1,500,987 1,512,192 1,434,588 66,399 77,604 94.87%
Supplies 346,608 321,500 290,986 55,622 30,514 90.51%
Contracted Services 239,454 205,050 223,568 15,886 (18,518) 109.03%
Internal Services 251,690 341,940 340,704 (89,014) 1,236 99.64%
TOTAL OPERATING EXPENSES 2,338,739 2,380,682 2,289,846 48,893 90,836 96.18%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 80,521 416,238 305,692 225,171 (110,546) 73.44%
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY 14,140 20,000 ‐ 14,140 20,000 0.00%
TRANSFERS IN 72,000 76,000 76,000 4,000 ‐ 100.00%
TRANSFERS OUT 75,443 76,000 78,695 (3,252) (2,695) 103.55%
NET TRANSFERS (3,443) ‐ (2,695) 748 (2,695) N/A
CHANGE IN FUND BALANCE 62,938 396,238 302,997 240,059 (93,241) 76.47%
BEGINNING FUND BALANCE, Jan 1 110,812 173,750 173,750 62,938 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 173,750$ 569,988$ 476,747$ 302,997$ (93,241)$ 83.64%
GOLF COURSE
VARIANCE
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 32 of 45
Water Utility Fund
This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and
maintenance of the City’s water utility.
Charges for services – Water charges decreased from the prior year due to COVID‐19. Utility revenues are recognized when
received for budgetary purposes. While consumption changes between commercial and residential properties have resulted
in a net increase of $30K in amounts billed, receipts associated with these billings decreased $233K over the same period in
2019. A moratorium on disconnections for non‐payment has been in effect since March and was recently extended into spring
2021. The decrease in customer account collections is being offset by an increase of $68K in interfund charges to CIP projects.
The amount of charges for services under budget is due to revenue budget being overestimated. The revenue budget has
been reduced for the 2021/2022 budget.
Rents, leases, and misc fees – The amount of rents, leases, and misc. fees over the budget is due to the rent revenue budget
not being adjusted for scheduled increases in rental rates associated with cell tower leases that are situated on water utility
property.
Interest and other misc – Interest revenues have exceeded the annual budget as these revenues are budgeted conservatively
in anticipation of market volatility.
Personnel – Personnel costs under budget are due to open positions.
Supplies – Supplies decreased from the prior year as cost cutting measures were taken during the year in response to COVID‐
19.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 17,394,961$ 19,180,991$ 17,248,806$ (146,155)$ (1,932,185)$ 89.93%
Fines and penalties ‐ ‐ 5,600 5,600 5,600 N/A
Rents, leases, and misc fees 206,731 136,591 281,084 74,353 144,493 205.79%
Interest and other misc 980,115 199,070 891,399 (88,716) 692,329 447.78%
TOTAL REVENUES 18,581,807 19,516,652 18,426,889 (154,918) (1,089,763) 94.42%
EXPENSES:
Personnel 4,318,871 4,640,953 4,292,439 26,432 348,514 92.49%
Supplies 959,046 833,418 819,726 139,320 13,692 98.36%
Contracted Services 3,217,930 3,193,299 3,137,994 79,936 55,305 98.27%
Internal Services 2,219,647 2,185,563 2,068,882 150,765 116,681 94.66%
TOTAL OPERATING EXPENSES 10,715,494 10,853,233 10,319,041 396,453 534,192 95.08%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 7,866,313 8,663,419 8,107,848 241,535 (555,571) 93.59%
DEBT SERVICE:
Principal 1,525,168 1,540,568 1,540,568 (15,400) ‐ 100.00%
Interest 265,464 241,747 241,320 24,144 427 99.82%
TOTAL DEBT SERVICE 1,790,632 1,782,315 1,781,888 8,744 427 99.98%
CAPITAL OUTLAY 6,461,095 37,304,963 3,118,100 3,342,995 34,186,863 8.36%
TRANSFERS OUT 2,855 ‐ 614 2,241 (614) N/A
NET TRANSFERS (2,855) ‐ (614) 2,241 (614) N/A
CHANGE IN FUND BALANCE (388,269) (30,423,859) 3,207,246 3,595,515 33,631,105 N/A
BEGINNING FUND BALANCE, Jan 1 37,957,336 37,569,067 37,569,067 (388,269) ‐ 100.00%
ENDING FUND BALANCE, Dec 31 37,569,067$ 7,145,208$ 40,776,313$ 3,207,246$ 33,631,105$ 570.68%
WATER UTILITY
VARIANCE
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 33 of 45
Internal Services – The decrease in internal services from the prior year is primarily the result of 9 months’ replacement
reserve payments being waived in response to COVID‐19. All vehicle/equipment purchases and replacements are being
postponed one year. The amount of internal services under budget is primarily due to internal payments to Street
Maintenance for paving services that were lower than anticipated.
Capital Outlay ‐ A listing of project budgets and balances at December 31 is as follows:
PROJECT BUDGET ACTUAL BALANCE
PIPE OVERSIZING COSTS 100,000$ -$ 100,000$
TELEMETRY IMPROVEMENTS-PHASE 4 250,000 22,035 227,965
WATER SYSTEM PLAN UPDATE 200,000 65,746 134,254
UPDATE EMERGENCY RESPONSE PLAN 250,000 28,510 221,490
STEEL/AC WATERMAIN REPLC PLAN 1,130,000 6,518 1,123,482
RESERVOIR RECOATING 200,000 5,399 194,601
EMERGENCY RESPONSE PROJ 100,000 - 100,000
DOWNTOWN WATER MAIN REPLACEMENT 3,500,000 190,387 3,309,613
GPS & GIS DATABASE/CONVERSION - (4,432) 4,432
WATER PUMP STATIONS REHAB 400,000 - 400,000
RESERVOIR PRV METERS 300,000 42,765 257,235
MPLWD WATER TREATMENT IMPROV - CONST 770,000 104,759 665,241
HIGHLANDS WATER MAIN IMPROVEMENT 1,100,000 21,262 1,078,738
DUVALL AVE NE WATER MAIN REPLACEMENT 360,000 2,400 357,600
EMERGENCY POWER TO PUMP STATION 300,000 9,414 290,586
WATER SYSTEM SECURITY IMPROVEMENTS 100,000 - 100,000
AQUIFER MONITORING AND MANAGEMENT 30,000 - 30,000
WATER TREATMENT FILTER MEDIA 400,000 7,064 392,936
WSDOT I-405 WATER RELOCATIONS 300,000 13,190 286,810
AUTOMATIC METER READING CONVERSION 85,000 38,885 46,115
TRANSMISSION MAIN REPLACEMENT - (248) 248
HIGHLANDS 435-RESERVOIRS REPLACEMENT 23,100,000 34,224 23,065,776
RAINIER AVE S ROAD & UTILITIES IMPRVMNT 300,000 - 300,000
KENNYDALE 320-RESERVOIR 4,000,000 2,609,158 1,390,842
TOTAL PROJECT BALANCES 37,275,000$ 3,197,036$ 34,077,964$
Non-capital items included in project budgets - (78,936) 78,936
Operating fund equipment purchase 29,963 - 29,963
TOTAL CAPITAL OUTLAY 37,304,963$ 3,118,100$ 34,186,863$
WATER UTILITY FUND PROJECT BALANCES AT DECEMBER 31, 2020
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 34 of 45
Wastewater Utility Fund
This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and
maintenance of the City’s wastewater utility.
Charges for services – Wastewater charges decreased from the prior year due to COVID‐19. Utility revenues are recognized
when received for budgetary purposes. While consumption changes between commercial and residential properties have
resulted in a net decrease in amounts billed through December 31 of only $51K, receipts associated with these billings have
decreased $140K over the same period in 2019. A moratorium on disconnections for non‐payment has been in effect since
March and was recently extended into spring 2021. The amount of charges for services under budget is due to revenue budget
being overestimated.
Interest and other misc – Interest revenues have decreased from the prior year due to lower interest rates. Interest revenues
have exceeded the annual budget as these revenues are budgeted conservatively in anticipation of market volatility.
Contracted Services – The decrease in contracted services from the prior year is due primarily to reductions in amounts spent
for equipment rental and professional services related to preparation of the Wastewater Long Range Plan. The amount under
budget is primarily due to unspent professional services related to preparation of the Wastewater Operations Master Plan.
Internal Services ‐ The decrease in internal services from the prior year is primarily the result of 9 months’ replacement
reserve payments being waived in response to COVID‐19. All vehicle/equipment purchases and replacements are being
postponed one year.
Capital Outlay ‐ A listing of project budgets and balances at December 31 is provided on the following page.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Licenses and permits 112,779$ 61,802$ 109,025$ (3,754)$ 47,223$ 176.41%
Charges for services 10,862,024 11,248,216 10,707,414 (154,610) (540,802) 95.19%
Fines and penalties 616 ‐ 107 (509) 107 N/A
Interest and other misc 824,539 320,766 670,965 (153,574) 350,199 209.18%
TOTAL REVENUES 11,799,958 11,630,784 11,487,511 (312,447) (143,273) 98.77%
EXPENSES:
Personnel 2,311,705 2,456,376 2,363,337 (51,632) 93,039 96.21%
Supplies 83,839 70,880 68,992 14,847 1,888 97.34%
Contracted Services 2,314,239 2,644,281 2,037,954 276,285 606,327 77.07%
Internal Services 1,602,273 1,455,392 1,459,820 142,453 (4,428) 100.30%
TOTAL OPERATING EXPENSES 6,312,056 6,626,929 5,930,103 381,953 696,826 89.48%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 5,487,902 5,003,855 5,557,408 69,506 553,553 111.06%
DEBT SERVICE:
Principal 592,700 601,300 601,300 (8,600) ‐ 100.00%
Interest 119,821 108,921 108,698 11,123 223 99.80%
TOTAL DEBT SERVICE 712,521 710,221 709,998 2,523 223 99.97%
CAPITAL OUTLAY 3,528,918 18,463,200 682,446 2,846,472 17,780,754 3.70%
TRANSFERS OUT 95,768 ‐ 1,098 94,670 (1,098) N/A
NET TRANSFERS (95,768) ‐ (1,098) 94,670 (1,098) N/A
CHANGE IN FUND BALANCE 1,150,695 (14,169,566) 4,163,866 3,013,171 18,333,432 N/A
BEGINNING FUND BALANCE, Jan 1 18,681,655 19,832,351 19,832,351 1,150,696 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 19,832,350$ 5,662,785$ 23,996,217$ 4,163,867$ 18,333,432$ 423.75%
WASTEWATER UTILITY
VARIANCE
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 35 of 45
Wastewater Utility Fund (continued)
PROJECT BUDGET ACTUAL BALANCE
MISCELANEOUS SEWER PROJECTS 185,000$ 5,581$ 179,419$
2008 LONG-RANGE WW MANAG PLAN 97,000 74,403 22,597
WASTEWATER OPERATIONS MASTER PLAN 774,000 8,909 765,091
FALCON RIDGE LS REHAB - 59 (59)
AIRPORT LS REHAB - 409 (409)
THUNDER HILL INT REPL/REHAB 3,110,000 35,926 3,074,074
FORCE MAIN REHABILITATION REPLACEMENT 1,487,000 7,692 1,479,308
LIFT STATION REHABILITATION 1,891,000 11,205 1,879,795
DOWNTOWN SEWER REPLACEMENT/REHAB 7,537,000 344,687 7,192,313
2019 SANITARY SEWER REHAB/REPLACEMENT - 3,704 (3,704)
2020 SANITARY SEWER REHAB/REPLACEMENT 2,700,000 217,982 2,482,018
KENNYDALE LAKELINE SEWER UPGRADE 1,248,000 53,540 1,194,460
TOTAL PROJECT BALANCES 19,029,000$ 764,097$ 18,264,903$
Non-capital items included in project budgets (571,000) (81,651) (489,349)
Operating fund equipment purchase 5,200 - 5,200
TOTAL CAPITAL OUTLAY 18,463,200$ 682,446$ 17,780,754$
WASTEWATER UTILITY FUND PROJECT BALANCES AT DECEMBER 31, 2020
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 36 of 45
Surface Water Utility Fund
This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and
maintenance of the City’s surface water utility.
Grants/Intergovernmental – Federal/State/Local grant revenues vary significantly from year‐to‐year based on what grants
have been awarded and the timing of grant expenditures and related reimbursement requests. Grant revenues are budgeted
at 100% of the award at the time the grant agreement is finalized and any amounts not received are carried forward each
year until either 1) the grant funds are fully received or 2) the grant agreement expires.
Charges for services – Surface water charges for services increased over the prior year due to rate increases. Unlike Water
and Wastewater charges, Surface water charges are not based on usage, but rather on impervious surface area, so COVID‐19
did not affect the amounts billed. Utility revenues are recognized when received for budgetary purposes, so although
amounts billed increased $244K from the prior year, the revenue reflects a smaller increase as accounts receivable balances
increased by 8.56% over the prior year. A moratorium on disconnections for non‐payment has been in effect since March and
was recently extended into spring 2021. The amount of charges for services under budget is due to revenue budget being
overestimated. The revenue budget has been reduced for the 2021/2022 budget.
Interest and other misc – Interest revenues have decreased from the prior year due to lower interest rates. Interest revenues
have exceeded the annual budget as these revenues are budgeted conservatively in anticipation of market volatility.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Licenses and permits 52,975$ 50,456$ 71,225$ 18,250$ 20,769$ 141.16%
Grants / intergovernmental 1,260,393 12,481,399 1,048,412 (211,981) (11,432,987) 8.40%
Charges for services 11,746,291 13,000,699 11,963,516 217,225 (1,037,183) 92.02%
Interest and other misc 660,311 135,163 391,497 (268,814) 256,334 289.65%
TOTAL REVENUES 13,719,970 25,667,717 13,474,650 (245,320) (12,193,067) 52.50%
EXPENSES:
Personnel 3,593,493 3,488,003 3,656,655 (63,162) (168,652) 104.84%
Supplies 142,760 167,949 119,116 23,644 48,833 70.92%
Contracted Services 1,733,948 4,327,721 1,852,981 (119,033) 2,474,740 42.82%
Internal Services 1,959,078 1,746,577 1,754,465 204,613 (7,888) 100.45%
TOTAL OPERATING EXPENSES 7,429,279 9,730,250 7,383,217 46,062 2,347,033 75.88%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 6,290,691 15,937,467 6,091,433 (199,258) (9,846,034) 38.22%
DEBT SERVICE:
Principal 472,950 488,950 488,950 (16,000) ‐ 100.00%
Interest 649,826 640,845 640,663 9,163 182 99.97%
TOTAL DEBT SERVICE 1,122,776 1,129,795 1,129,613 (6,837) 182 99.98%
CAPITAL OUTLAY 3,043,116 20,385,802 1,728,735 1,314,381 18,657,067 8.48%
TRANSFERS OUT 7,721 8,381 284 7,437 8,097 3.39%
NET TRANSFERS (1,343) (8,381) (284) 1,059 8,097 N/A
CHANGE IN FUND BALANCE 2,123,456 (5,586,511) 3,232,801 1,109,345 8,819,312 N/A
BEGINNING FUND BALANCE, Jan 1 16,254,097 18,377,556 18,377,556 2,123,459 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 18,377,553$ 12,791,045$ 21,610,357$ 3,232,804$ 8,819,312$ 168.95%
SURFACE WATER UTILITY
VARIANCE
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 37 of 45
Surface Water Utility Fund (continued)
Personnel – The amount of personnel costs over budget are due to a difference in classification between the budget and
actual expenses. Certain projects were budgeted as capital outlay, but if the project does not qualify for capitalization under
GAAP, the actual expenses have been reported under the appropriate operational category.
Contracted Services – The increase in contracted services from the prior year is primarily due to professional services related
to the Cedar River Levee Recertification. The amount of contracted services under budget is primarily due to unspent
professional services related to the Cedar River Gravel Removal project.
Internal Services – Decreased internal service fund charges are a result of 9 months’ replacement reserve payments being
waived in response to COVID‐19. All vehicle/equipment purchases and replacements are being postponed one year.
Capital Outlay ‐ A listing of project budgets and balances at December 31 is as follows:
PROJECT BUDGET ACTUAL BALANCE
COMP S&SW MGMT PLAN P&D 172,034$ 143,560$ 28,474$
SM DRAINAGE PROBLEMS 683,923 105,359 578,564
PANTHER CR WL MOSQUITO ABATEMENT 89,767 78,991 10,776
MADSEN CREEK SEDIMENT BASIN 83,738 74,447 9,291
SMALL DRAINAGE PROJ-MAPLEWOOD SEDIMENT 111,314 89,000 22,314
WETLAND MITIGATION BANK 160,345 50,759 109,586
ACOE 205 PROJECT 61,693 2,956 58,737
CEDAR RIVER GRAVEL REMOVAL 2,902,163 245,162 2,657,001
RENTON STORM WATER MANUAL 75,815 7,668 68,147
GREEN RIVER ECOSYSTEM STUDY 48,336 159 48,177
MISCELLANEOUS/EMERGENCY/STORM PROJECTS 100,000 - 100,000
SURFACE WATER UTILITY GIS 125,382 113,627 11,755
HARDIE AVE S UNDERPASS STORM SYSTEM IMPR 2,391 - 2,391
MONROE AVE/N 2ND ST 453,837 223,503 230,334
STORMWATER FACILITY FENCING PROJECT 265,101 2,901 262,200
CEDAR RIVER 205 LEVEE RECERTIFICATION 4,854,386 321,486 4,532,900
SE 172ND ST/125TH AVE SE 232,561 112,162 120,399
RAINIER AVE/OAKSDALE AVE PUMP STATION UP 207,466 75,346 132,120
NE 16TH/JEFFERSON AVE NE 2,768,213 144,783 2,623,430
DOWNTOWN STORM SYSTEM IMPROVEMENT PROJEC 6,030,270 324,492 5,705,778
HEATHER DOWNS DETENTION POND 693,543 36,872 656,671
MADSEN CRK IMPROV PHASE 1-KCFCD 1,033,096 189,499 843,597
RAINIER AVE/BENSON RD S - CULVERT REPL 200,610 148,934 51,676
CMP STORM SYSTEM REPLACEMENT PROJECT 439,934 31,389 408,545
CEDAR RIVER FLOOD RISK REDUCTION 499,658 8,113 491,545
STORMWATER FACILITY RETROFIT STUDY 300,000 28,190 271,810
BURNETT AVE S/WILLIAMS AVE S 567,629 71,831 495,798
DISASTER RESP CEDAR RIVER GRAVEL REMOVAL - 1,183 (1,183)
WSDOT LA ROW RUNOFF IMPACT MITIGATION 96,200 48,937 47,263
TOTAL PROJECT BALANCES 23,259,405$ 2,681,309$ 20,578,096$
Non-capital items included in project budgets (2,902,163) (952,574) (1,949,589)
Operating fund equipment purchase 28,560 - 28,560
TOTAL CAPITAL OUTLAY 20,385,802$ 1,728,735$ 18,657,067$
SURFACE WATER UTILITY PROJECT BALANCES AT DECEMBER 31, 2020
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 38 of 45
Metro Fund
This fund accounts for revenues and expenses for operation of the City’s wastewater utility, as it relates to charges for and
payment to King County Metro for water treatment services.
Charges for services – Metro charges decreased from the prior year due to COVID‐19. Utility revenues are recognized when
received for budgetary purposes. While consumption changes between commercial and residential properties have resulted
in a net decrease in amounts billed through December 31 of $472K, receipts associated with these billings have decreased
$525K over the same period in 2019. A moratorium on disconnections for non‐payment has been in effect since March and
was recently extended into spring 2021.
Contracted Services – The increase in contracted services over the prior year is due to a payment made in June for just over
$1M which was the result of an audit by King County Metro which determined the City had underpaid for water treatment
services from 2014‐2019. The audit assessment expense was accrued to 2019 for financial reporting purposes, but the
payment wasn’t made until 2020.
Capital Outlay ‐ The Metro Fund does not have a capital fund.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 17,258,422$ 17,007,226$ 16,729,775$ (528,647)$ (277,451)$ 98.37%
Interest and other misc 86,060 ‐ 52,557 (33,503) 52,557 N/A
TOTAL REVENUES 17,344,482 17,007,226 16,782,332 (562,150) (224,894) 98.68%
EXPENSES:
Contracted Services 16,894,991 17,007,226 18,014,489 (1,119,498) (1,007,263) 105.92%
TOTAL OPERATING EXPENSES 16,894,991 17,007,226 18,014,489 (1,119,498) (1,007,263) 105.92%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 449,491 ‐ (1,232,157) (1,681,648) (1,232,157) N/A
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY ‐ ‐ ‐ ‐ ‐ N/A
NET TRANSFERS ‐ ‐ ‐ ‐ ‐ N/A
CHANGE IN FUND BALANCE 449,491 ‐ (1,232,157) (1,681,648) (1,232,157) N/A
BEGINNING FUND BALANCE, Jan 1 5,512,418 5,961,906 5,961,906 449,488 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 5,961,909$ 5,961,906$ 4,729,749$ (1,232,160)$ (1,232,157)$ 79.33%
METRO
VARIANCE
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 39 of 45
INTERNAL SERVICE FUNDS
Internal service funds are used to account for the goods and services furnished by one City department to other City
departments on a cost reimbursement basis. YTD budgets are not prepared for Internal Service Funds.
Equipment Rental Fund
This fund accounts for revenues and expenses for administration, purchase, and maintenance of the City’s vehicle and
equipment Fleet services. Departments pay in monthly amounts for maintenance and operations. Replacement reserves are
paid monthly over the estimated useful lives of each individual vehicle or piece of equipment. These reverses are accumulated
in fund balance so that they are available to fund the replacement of the vehicle/equipment when the time comes.
Charges for services – The decrease in charges for services from the prior year is due to the City not providing services to the
Renton Regional Fire Authority after 12/31/19.
Interdepartmental services – Decreased internal service fund charges are a result of 9 months’ replacement reserve
payments being waived in response to COVID‐19. All vehicle/equipment purchases and replacements are being postponed
one year.
Supplies – Decreased supplies expenses are primarily due to decreased purchases of vehicle parts/maintenance supplies
($148K), and decreased fuel costs ($285K). The amount of supplies expenses under budget are primarily due to cost savings
associated with fuel purchases ($470K).
Capital Outlay – Decreased capital outlay expenses are due to COVID‐19.
Net Transfers – The decrease in net transfers from the prior year is due to one‐time transfers for new equipment purchases
in 2019 that are not repeated in 2020.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 720,518$ ‐$ 73,872$ (646,646)$ 73,872$ N/A
Interdepartmental services 5,040,320 3,587,714 3,635,986 (1,404,334) 48,272 101.35%
Interest and other misc 149,191 12,000 90,310 (58,881) 78,310 752.58%
TOTAL REVENUES 5,910,029 3,599,714 3,800,168 (2,109,861) 200,454 105.57%
EXPENSES:
Personnel 1,124,873 1,089,183 1,052,975 71,898 36,208 96.68%
Supplies 1,439,235 1,496,153 1,001,827 437,408 494,326 66.96%
Contracted Services 302,546 133,166 285,599 16,947 (152,433) 214.47%
Internal Services 29,483 32,697 32,697 (3,214) ‐ 100.00%
TOTAL OPERATING EXPENSES 2,896,137 2,751,199 2,373,098 523,039 378,101 86.26%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 3,013,892 848,515 1,427,070 (1,586,822) 578,555 168.18%
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY 4,757,098 2,154,000 1,902,622 2,854,476 251,378 88.33%
NET TRANSFERS 2,102,000 ‐ ‐ (2,102,000) ‐ N/A
CHANGE IN FUND BALANCE 358,794 (1,305,485) (475,552) (834,346) 829,933 N/A
BEGINNING FUND BALANCE, Jan 1 6,493,018 6,851,811 6,851,811 358,793 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 6,851,812$ 5,546,326$ 6,376,259$ (475,553)$ 829,933$ 114.96%
VARIANCE
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 40 of 45
Insurance Fund
This fund accounts for the administration and operation of the City’s self‐insurance programs for property losses, liability,
workers’ compensation, and unemployment compensation. Expenses are paid by the Insurance Fund and rates are charged
to departments based on their claims history over the preceding five years and coverage requirements.
Interest and other misc ‐ Interest revenues have decreased from the prior year due to lower interest rates. Interest revenues
have exceeded the annual budget as these revenues are budgeted conservatively in anticipation of market volatility.
Personnel – The amount of personnel costs under budget are primarily due to lower than expected Workers’ Compensation
($515K) and Unemployment Benefit ($75K) claims.
Contracted Services ‐ The increase in contracted services expenses over the prior year is primarily due to increased Liability
claims ($211K) and increased external insurance premiums ($151K).
Transfers Out –The remaining reserve originally intended to be transferred to the General Fund over a five year period to
offset the loss of revenue from the State for the Benson Hill Annexation ($4.5M) was transferred to the General Fund in July
to offset revenue losses due to COVID‐19. However, after B&O and Retail Sales Tax revenues came in higher than anticipated,
management decided the reserves were not needed and the transfer was reversed in December.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Interdepartmental services 3,152,302$ 3,174,506$ 3,084,056$ (68,246)$ (90,450)$ 97.15%
Interest and other misc 627,361 197,000 400,397 (226,964) 203,397 203.25%
TOTAL REVENUES 3,779,663 3,371,506 3,484,453 (295,210) 112,947 103.35%
EXPENSES:
Personnel 814,417 1,484,232 856,775 (42,358) 627,457 57.73%
Supplies ‐ 4,000 401 (401) 3,599 10.03%
Contracted Services 1,491,894 1,841,646 1,862,577 (370,683) (20,931) 101.14%
TOTAL OPERATING EXPENSES 2,306,311 3,329,878 2,719,753 (413,442) 610,125 81.68%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 1,473,352 41,628 764,700 (708,652) 723,072 1836.98%
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY ‐ ‐ ‐ ‐ ‐ N/A
TRANSFERS OUT 900,000 4,500,000 ‐ 900,000 4,500,000 0.00%
NET TRANSFERS (900,000) (4,500,000) ‐ 900,000 4,500,000 N/A
CHANGE IN FUND BALANCE 573,352 (4,458,372) 764,700 191,348 5,223,072 N/A
BEGINNING FUND BALANCE, Jan 1 18,522,154 19,095,508 19,095,508 573,354 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 19,095,506$ 14,637,136$ 19,860,208$ 764,702$ 5,223,072$ 135.68%
INSURANCE
VARIANCE
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 41 of 45
Information Technology Fund
This fund accounts for the administration, purchase, and operation of the City’s information technology systems, including
computer hardware and software, network servers and infrastructure, phone systems, and cell phones. Expenses are paid by
the Information Technology Fund and rates are charged to departments based on use.
Licenses and permits – Licenses and permits represents tech fees paid by permit customers to offset the cost of replacing
the EnerGov permitting system. The amounts over budget are the result of conservative budgeting of the revenue.
Charges for services – The decrease in charges for services from the prior year is due to the City not providing services to the
Renton Regional Fire Authority after 12/31/19.
Interdepartmental services ‐ Increased interdepartmental services revenue over the prior year is due to increased costs in
personnel and contracted services being charged back to the departments.
Personnel – The amount of personnel costs under budget is due to open positions.
Supplies – The amount of supplies under budget is due to minor equipment replacements that were postponed due to COVID‐
19.
Contracted Services ‐ Increased contracted services expenses over the prior year are the result of increased service contract
costs primarily associated with added cameras and computers in police take‐home vehicles.
Capital Outlay – The amount of capital outlay under budget is due to capital projects that were postponed due to COVID‐19
related issues (telecommuting) and a cyber security incident that required a significant amount of IT personnel resources
during the year.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Licenses and permits 315,987$ 150,000$ 253,589$ (62,398)$ 103,589$ 169.06%
Charges for services 913,884 ‐ ‐ (913,884) ‐ N/A
Interdepartmental services 4,968,389 5,345,584 5,373,361 404,972 27,777 100.52%
Interest and other misc 56,719 7,000 43,857 (12,862) 36,857 626.53%
TOTAL REVENUES 6,254,979 5,502,584 5,670,807 (584,172) 168,223 103.06%
EXPENSES:
Personnel 2,806,661 3,165,906 2,871,867 (65,206) 294,039 90.71%
Supplies 520,074 983,155 525,907 (5,833) 457,248 53.49%
Contracted Services 2,103,260 2,416,051 2,420,303 (317,043) (4,252) 100.18%
Internal Services 1,552 1,804 1,804 (252) ‐ 100.00%
TOTAL OPERATING EXPENSES 5,431,547 6,566,916 5,819,881 (388,334) 747,035 88.62%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 823,432 (1,064,332) (149,074) (972,506) 915,258 N/A
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY 359,367 1,076,881 436,562 (77,195) 640,319 40.54%
TRANSFERS IN 91,589 18,011 35,515 (56,074) 17,504 197.19%
NET TRANSFERS 91,589 18,011 35,515 (56,074) 17,504 197.19%
CHANGE IN FUND BALANCE 555,654 (2,123,202) (550,121) (1,105,775) 1,573,081 N/A
BEGINNING FUND BALANCE, Jan 1 3,934,408 4,490,062 4,490,062 555,654 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 4,490,062$ 2,366,860$ 3,939,941$ (550,121)$ 1,573,081$ 166.46%
INFORMATION TECHNOLOGY
VARIANCE
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 42 of 45
Facilities Fund
This fund accounts for the administration, maintenance, and operation of City‐owned facilities. Expenses are paid by the
Facilities Fund and rates are charged to departments based on square footage.
Charges for services ‐ The decrease in charges for services from the prior year is due to the City not providing services to the
Renton Regional Fire Authority after 12/31/19.
Interdepartmental services ‐ The decrease in internal service fund charges is due to COVID‐19. Excess fund balance is being
utilized and planned preventative maintenance is being delayed to reduce the burden on departments paying into the
Facilities Fund. The amount of interdepartmental services under budget is due to the revenue budget not being reduced to
reflect the reduction in charges to the departments.
Personnel – The amount of personnel costs under budget is due to open positions.
Supplies – The decrease in supplies expenses from the prior year is due to purchasing less operating supplies ($61K), a result
of substantially less employees working in City facilities, less small tools/minor equipment ($21K), and less furniture ($22K).
Contracted Services – The decrease in contracted services costs from the prior year is due to a combination of decreased
utility charges ($211K) resulting from the Governor’s stay‐at‐home order and decreased repair/maintenance costs ($379K)
as planned preventative maintenance has been delayed.
Capital Outlay – The amount of capital outlay expenses over budget is due to the purchase of touchless urinals, a new water
heater for the Coulon bathhouse, a compressor replacement at the Public Works shops, and City Hall exterior sign lighting
and retrofit. Cost savings from Contracted Services were utilized for these purchases.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental ‐$ ‐$ 21,835$ 21,835$ 21,835$ N/A
Charges for services 861,152 ‐ ‐ (861,152) ‐ N/A
Interdepartmental services 4,424,369 4,306,771 4,149,775 (274,594) (156,996) 96.35%
Rents, leases, and misc fees 1 ‐ 1 ‐ 1 N/A
Interest and other misc 16,506 4,000 10,426 (6,080) 6,426 260.65%
TOTAL REVENUES 5,302,028 4,310,771 4,182,037 (1,119,991) (128,734) 97.01%
EXPENSES:
Personnel 2,880,962 3,167,309 2,864,198 16,764 303,111 90.43%
Supplies 535,808 339,168 431,986 103,822 (92,818) 127.37%
Contracted Services 2,004,246 1,505,634 1,412,250 591,996 93,384 93.80%
Internal Services 66,617 67,450 68,309 (1,692) (859) 101.27%
TOTAL OPERATING EXPENSES 5,487,633 5,079,561 4,776,743 710,890 302,818 94.04%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS (185,605) (768,790) (594,706) (409,101) 174,084 N/A
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY 10,901 ‐ 129,999 (119,098) (129,999) N/A
TRANSFERS IN 45,143 2,880 8,596 (36,547) 5,716 298.47%
TRANSFERS OUT 5,220 ‐ ‐ 5,220 ‐ N/A
NET TRANSFERS 39,923 2,880 8,596 (31,327) 5,716 298.47%
CHANGE IN FUND BALANCE (156,583) (765,910) (716,109) (559,526) 49,801 N/A
BEGINNING FUND BALANCE, Jan 1 1,376,859 1,220,276 1,220,276 (156,583) ‐ 100.00%
ENDING FUND BALANCE, Dec 31 1,220,276$ 454,366$ 504,167$ (716,109)$ 49,801$ 110.96%
FACILITIES
VARIANCE
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 43 of 45
Communications Fund
This fund accounts for community and intergovernmental relations and communications with the public. Communications is
a major activity of the City’s administration responsible for external communications, employee communications, media
relations, and coordination of all departments in producing the City’s website. Expenses are paid by the Communications
Fund and rates are charged to departments based on usage.
Interdepartmental services – The decrease in internal service fund charges is due to COVID‐19. Excess fund balance is being
utilized to reduce the burden on departments paying into the Communications Fund. The amount of interdepartmental
services under budget is due to the revenue budget not being reduced to reflect the reduction in charges to the departments.
Contracted Services – The amount of contracted services under budget is primarily due to cost savings related to Community
Relations ($25K), Postage ($57K), and the 2020 Census ($29K).
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Interdepartmental services 1,104,816$ 1,069,076$ 341,174$ (763,642)$ (727,902)$ 31.91%
Interest and other misc 10,578 108,050 55,471 44,893 (52,579) 51.34%
TOTAL REVENUES 1,115,394 1,177,126 396,645 (718,749) (780,481) 33.70%
EXPENSES:
Personnel 720,723 851,567 802,827 (82,104) 48,740 94.28%
Supplies 36,651 71,350 28,372 8,279 42,978 39.76%
Contracted Services 237,087 336,679 209,213 27,874 127,466 62.14%
Internal Services 2,967 3,941 3,941 (974) ‐ 100.00%
TOTAL OPERATING EXPENSES 997,428 1,263,537 1,044,353 (46,925) 219,184 82.65%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 117,966 (86,411) (647,708) (765,674) (561,297) N/A
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY ‐ ‐ ‐ ‐ ‐ N/A
TRANSFERS OUT ‐ ‐ 4,229 (4,229) (4,229) N/A
NET TRANSFERS ‐ ‐ (4,229) (4,229) (4,229) N/A
CHANGE IN FUND BALANCE 117,966 (86,411) (651,937) (769,903) (565,526) N/A
BEGINNING FUND BALANCE, Jan 1 685,593 803,561 803,561 117,968 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 803,559$ 717,150$ 151,624$ (651,935)$ (565,526)$ 21.14%
COMMUNICATIONS
VARIANCE
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 44 of 45
Health Insurance Fund
This fund accounts for the City’s self‐insured health insurance program. Expenses/claims are paid by the Health Insurance
Fund and rates are charged to employees and departments based on annual premiums determined by the City’s Employee
Health Plan Board for each type of coverage elected by the employee; paid semi‐monthly in conjunction with each payroll.
Premiums – The amount of premiums under budget is due to vacant positions that were frozen for most of the year due to
COVID‐19.
Interest and other misc – The amount of interest and other misc. over the prior year and budget is due to prescription rebates
received in 2020 related to 2019 prescription payments.
Personnel – The increase in personnel costs from the prior year is due to increased medical claims. The budget included the
addition of several FTE’s, but many vacant positions were frozen due to COVID‐19. This resulted in lower than expected costs
for medical ($1.7M) and prescriptions ($110K) claims.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Premiums 11,201,855$ 12,603,106$ 11,143,596$ (58,259)$ (1,459,510)$ 88.42%
Interest and other misc 73,955 46,588 234,235 160,280 187,647 502.78%
TOTAL REVENUES 11,275,810 12,649,694 11,377,831 102,021 (1,271,863) 89.95%
EXPENSES:
Personnel 9,904,336 12,011,435 10,220,898 (316,562) 1,790,537 85.09%
Supplies 13,196 7,500 6,930 6,266 570 92.40%
Contracted Services 408,077 420,540 467,791 (59,714) (47,251) 111.24%
Internal Services 58,064 60,430 60,430 (2,366) ‐ 100.00%
TOTAL OPERATING EXPENSES 10,383,673 12,499,905 10,756,049 (372,376) 1,743,856 86.05%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 892,137 149,789 621,782 (270,355) 471,993 415.11%
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY ‐ ‐ ‐ ‐ ‐ N/A
NET TRANSFERS ‐ ‐ ‐ ‐ ‐ N/A
CHANGE IN FUND BALANCE 892,137 149,789 621,782 (270,355) 471,993 415.11%
BEGINNING FUND BALANCE, Jan 1 4,259,511 5,151,648 5,151,648 892,137 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 5,151,648$ 5,301,437$ 5,773,430$ 621,782$ 471,993$ 108.90%
HEALTH INSURANCE
VARIANCE
Quarterly Financial Report City of Renton, Washington 4th Quarter 2020
Page 45 of 45
Retiree Healthcare Fund
This fund accounts for the City’s self‐insured health insurance program for LEOFF1 retirees. Benefits include medical,
prescription drug, Medicare Part B premiums, long‐term care, and vision coverage for retired law enforcement officers and
firefighters that were employed by the City prior to October 1, 1977. Dependent spouses and children are not covered. 100%
of premiums are provided by the General Fund with annual contributions determined by recommendation of the City’s
Employee Health Plan Board after review of a report prepared by Healthcare Actuaries.
Premiums – The decrease in premiums is the result of COVID‐19. Funding of the retiree healthcare fund reserves was reduced
to decrease the burden on the General Fund in response to decreased revenues.
Interest and other misc – Interest revenues have exceeded the annual budget as these revenues are budgeted conservatively
in anticipation of market volatility.
Personnel ‐ The increase in personnel expenses over the prior year is primarily due to an increase in prescription costs ($50K),
dental costs ($37K), and payments for long‐term care ($90K), a benefit not previously being utilized. The amount under
budget is primarily due to lower than expected costs for medical ($121K) and long‐term care ($119K) that are being offset by
higher than expected costs for prescriptions ($73K), Medicare ($26K), and dental ($34K).
CONTACT INFORMATION
This report is prepared by the Finance Division of the Administrative Services Department. For additional financial
information, please also review our website: http://www.rentonwa.gov/. For any questions about the report, please feel
free to contact Misty Baker at mbaker@rentonwa.gov or Kari Roller at kroller@rentonwa.gov.
2019 2020 2020 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental 35,898$ 45,014$ 74,545$ 38,647$ 29,531$ 165.60%
Premiums 2,624,684 131,989 1,624,684 (1,000,000) 1,492,695 1230.92%
Interest and other misc 209,441 67,459 171,108 (38,333) 103,649 253.65%
TOTAL REVENUES 2,870,023 244,462 1,870,337 (999,686) 1,625,875 765.08%
EXPENSES:
Personnel 886,017 1,209,429 1,086,163 (200,146) 123,266 89.81%
Contracted Services 60,904 38,814 42,658 18,246 (3,844) 109.90%
TOTAL OPERATING EXPENSES 946,921 1,248,243 1,128,821 (181,900) 119,422 90.43%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 1,923,102 (1,003,781) 741,516 (1,181,586) 1,745,297 N/A
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY ‐ ‐ ‐ ‐ ‐ N/A
NET TRANSFERS ‐ ‐ ‐ ‐ ‐ N/A
CHANGE IN FUND BALANCE 1,923,102 (1,003,781) 741,516 (1,181,586) 1,745,297 N/A
BEGINNING FUND BALANCE, Jan 1 13,876,628 15,799,729 15,799,729 1,923,101 ‐ 100.00%
ENDING FUND BALANCE, Dec 31 15,799,730$ 14,795,948$ 16,541,245$ 741,515$ 1,745,297$ 111.80%
RETIREE HEALTHCARE
VARIANCE