HomeMy WebLinkAboutQUARTER 3 2021
Finance Department
Memorandum
DATE: October 27, 2021
TO: Randy Corman, Council President
Members of Renton City Council
CC: Armondo Pavone, Mayor
Ed VanValey, Chief Administrative Officer
FROM: Kari Roller, Finance Administrator
STAFF CONTACT: Misty Baker, Sr. Finance Analyst
SUBJECT: Quarterly Financial Report 3rd Quarter 2021
The attached report provides a detailed discussion of General Fund revenues and
expenditures with comparison to prior year and budget through the end of September
2021.
General Fund revenues, excluding interfund transfers, were $86.1M, which is $13.8M
higher than 2020, and $12M higher than the year‐to‐date (YTD) budget.
General Fund expenditures, excluding interfund transfers, were $74M, which is $4.4M
more than 2020 and $10.5M less than the YTD budget.
Detailed explanations are provided for General Fund revenue and expenditure 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 40
OVERVIEW
This quarterly financial report reflects the City’s revenue and expenditures/expenses for the fiscal year through September
30, 2021. 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 reflect amounts authorized in ORD 6021, which includes the 2nd quarter budget adjustment
approved July 19, 2021.
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$ 63,075,671$ 78,953,070$ 54,994,257$ 80,869,450$ 56,657,840$ 65,207,515$ 10,213,258$ 8,549,675$ 80.63%
Licenses & Permits 5,750,061 4,514,168 5,199,555 3,898,393 4,776,877 3,672,610 4,202,954 304,561 530,344 87.99%
Intergovernmental 4,820,547 3,513,832 9,387,084 3,100,157 6,819,265 3,285,517 4,954,831 1,854,674 1,669,314 72.66%
Charges for Services 9,251,750 6,994,748 7,514,930 5,703,174 8,172,266 6,193,828 7,030,084 1,326,910 836,256 86.02%
Fines and Penalties 4,688,980 3,414,947 3,310,279 2,525,808 3,829,782 2,851,441 3,432,097 906,289 580,656 89.62%
Miscellaneous 3,764,087 2,833,720 2,465,125 1,983,749 1,866,685 1,410,585 1,174,987 (808,762) (235,598) 62.95%
Other Financing Sources (Transfer‐In, etc) 13,239,402 6,213,641 17,656,495 15,698,580 94,575 ‐ 90,156 (15,608,424) 90,156 95.33%
TOTAL REVENUES 131,057,724 90,560,728 124,486,539 87,904,118 106,428,900 74,071,821 86,092,624 (1,811,494) 12,020,803 80.89%
EXPENDITURES
City Attorney 2,353,520 1,747,999 2,207,330 1,650,183 2,611,347 1,951,472 1,796,759 (146,576) 154,713 68.81%
Community and Economic Development 8,933,092 6,546,139 10,628,438 7,405,613 11,969,591 8,657,806 7,487,601 (81,988) 1,170,205 62.56%
Council 359,238 272,542 425,744 311,297 554,485 425,952 377,277 (65,980) 48,675 68.04%
Court Services 2,406,014 1,767,241 2,444,436 1,826,915 3,102,930 2,318,501 2,038,188 (211,273) 280,313 65.69%
Equity, Housing, and Human Services 1,500,007 994,578 1,507,729 1,000,076 3,228,958 2,439,565 2,353,950 (1,353,874) 85,615 72.90%
Executive Services 4,526,126 3,264,434 9,430,132 4,840,770 5,399,818 3,989,551 3,544,399 1,296,368 445,152 65.64%
Finance 3,327,937 2,201,301 3,503,205 2,310,374 4,158,944 2,749,785 2,582,043 (271,669) 167,742 62.08%
Human Resources 1,438,605 1,057,790 1,393,876 1,047,953 1,662,207 1,237,597 1,104,206 (56,253) 133,391 66.43%
Parks and Recreation 13,963,819 10,500,074 11,963,172 8,849,526 16,157,748 11,952,293 9,895,940 (1,046,414) 2,056,353 61.25%
Police 43,145,496 30,334,983 37,771,599 30,665,622 43,045,808 31,968,102 30,860,483 (194,858) 1,107,619 71.69%
Public Works 15,288,233 9,370,855 13,502,943 10,142,391 14,599,792 10,880,404 9,996,611 145,780 883,793 68.47%
Other Non‐Departmental 30,357,614 13,944,175 23,408,019 12,895,917 11,077,125 6,370,924 3,969,277 8,926,640 2,401,647 35.83%
TOTAL EXPENDITURES 127,599,701 82,002,111 118,186,624 82,946,637 117,568,753 84,941,952 76,006,734 6,939,903 8,935,218 64.65%
Change in Fund Balance 3,458,022 8,558,617 6,299,915 4,957,481 (11,139,853) (10,870,131) 10,085,890 5,128,409 20,956,021 N/A
Beginning Fund Balance 44,697,823 44,697,823 48,155,847 48,155,847 54,456,582 54,456,582 54,456,582 6,300,735 ‐ 100.00%
ENDING FUND BALANCE 48,155,845$ 53,256,439$ 54,455,762$ 53,113,328$ 43,316,729$ 43,586,451$ 64,542,472$ 11,429,144$ 20,956,021$ 149.00%
Operating Reserve 13,994,674 9,405,500 9,405,500 9,405,500
Economic Development Reserve 2,500,000 2,500,000 2,500,000 2,500,000
AVAILABLE FUND BALANCE 36,618,654$ 31,411,229$ 31,680,951$ 52,636,972$
Summary of Sources and Uses
Annual Actual YTD Actual
Favorable (Unfavorable)
2019 2020 2021 Variance
Annual Actual YTD Actual Annual Budget YTD Budget YTD Actual
Quarterly Financial Report 3rd Quarter 2021
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 2 of 40
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 variances are shown in
a favourable/(unfavourable) format.
TAXES
Property Tax – Property tax collections by King County have exceeded prior year and YTD budget. $229K of property taxes
collected through September 30 were for prior years’ delinquent taxes, bringing the balance of delinquent taxes receivable
to $63K. The remainder of taxes collected were for the 2021 levy. The 2021 property tax levy, after levy changes by the
assessor’s office, totalled $22,794,007. The taxes receivable balance for the 2021 levy is $10.4M at September 30.
Local Retail Sales Tax – Local retail sales tax exceeded prior year and YTD budget. Please see the September sales tax report
for information regarding sales tax figures by industry. The revenue budget will be adjusted to updated estimates with the
mid‐biennial budget adjustment.
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.
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 on‐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 capita basis.
The increase in criminal justice sales tax directly relates to the increase in local retail sales tax, as described above.
Admission Tax – The amount of admission tax under budget is due to COVID‐19. Many venues were closed or operating at
reduced capacity. The revenue budget will be adjusted to updated estimates with the mid‐biennial budget adjustment.
Utility Tax – The amount of utility tax over budget is due to a combination of factors. Some taxes are under budget while
others have exceeded budget. The revenue budget will be adjusted to updated estimates with the mid‐biennial budget
adjustment. The breakdown of Utility Tax is as follows:
2020 2021 2021
Actual Budget Actual $ % $ %
Property Tax 12,053,143 12,373,151 12,435,755 382,612 3.2% 62,604 0.5%
Local Retail Sales Tax 19,718,350 20,036,232 24,058,678 4,340,328 22.0% 4,022,446 20.1%
State Sales Tax Credit 996,410 425,817 529,936 (466,474) ‐46.8%104,119 24.5%
Criminal Justice Sales Tax 2,223,320 2,203,743 2,522,510 299,190 13.5% 318,767 14.5%
Natural Gas Use Tax 102,181 190,621 102,310 129 0.1%(88,311) ‐46.3%
Admission Tax 84,889 125,578 10,815 (74,074) ‐87.3% (114,763) ‐91.4%
Utility Tax 12,038,749 11,480,859 11,783,195 (255,554) ‐2.1%302,336 2.6%
Leasehold Excise Tax 139,806 94,330 128,751 (11,055) ‐7.9%34,421 36.5%
Gambling Excise Tax 1,696,840 1,722,760 2,768,593 1,071,753 63.2% 1,045,833 60.7%
B&O Tax 5,940,567 8,004,748 10,866,972 4,926,405 82.9% 2,862,224 35.8%
YTD Total 54,994,255$ 56,657,840$ 65,207,515$ 10,213,260$ 18.6% 8,549,675$ 15.1%
Annual Total 78,953,070$ 80,869,450$
Taxes by Type
Revenue
2021 vs. 2020 2021 vs. Budget
Year to Date through September
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 3 of 40
Gambling Excise Tax – Gambling excise taxes have not only exceeded prior year and YTD budget, but they have exceeded the
same period in 2019 by $514k as well. The revenue budget will be adjusted to updated estimates with the mid‐biennial budget
adjustment.
Business and Occupation (B&O) Tax – B&O tax revenues rely heavily on the revenue of a limited number of large businesses.
Payments received in the 1st quarter of each year are generally for activity in the 4th quarter of the prior year. $1.3M of the
$4.9M over the 2020 revenue is due to one taxpayer who had a 4th quarter amount due for the first time as they had reached
the B&O tax “cap” in prior years; $3M of the $4.9M over the 2020 revenue is due to one taxpayer who has seen large
improvement in revenues over 2020; the rest of the increase is due to various businesses. The revenue budget will be adjusted
to updated estimates with the mid‐biennial budget adjustment.
LICENSES & PERMITS
Franchise Fees – Franchise permits grant authority to a provider to use the City’s right‐of‐way to provide or distribute its
services. Franchises are most commonly used to provide utility or telecommunications service. The amount of franchise fees
over the prior year and over budget are the result of increased permitting activity.
Business Licenses – The amount of business license revenue over budget is due to better than expected economic recovery.
The business license revenue budget was adjusted down at the start of the pandemic and has remained low as it was unknown
how quickly the economy would recover and how many businesses would be able to survive the COVID restrictions placed
on businesses.
Building Permits – Building permit revenues increased from the prior year due primarily to $91K in permit tech fees. In prior
years 100% of tech fees collected were recorded in the Information Technology Fund. Beginning January 1, 2021 a portion of
the tech fees collected is being allocated to the General Fund to offset credit card transaction fees.
2020 2021 2021
Tax by Type YTD Actual YTD Budget YTD Actual $ % $ %
Electrical 4,153,742$ 3,848,875$ 3,880,364$ (273,378)$ ‐6.6% $ 31,489 0.8%
Natural Gas 1,260,133 807,494 1,182,747 (77,386) ‐6.1% 375,253 46.5%
Cell 632,785 470,917 439,012 (193,773) ‐30.6% (31,905)‐6.8%
Phone 483,758 595,167 536,636 52,878 10.9% (58,531)‐9.8%
Cable 968,926 1,015,828 943,884 (25,042) ‐2.6% (71,944)‐7.1%
Garbage 784,560 582,967 580,458 (204,102) ‐26.0% (2,509)‐0.4%
City Utilities 3,754,845 4,159,611 4,220,094 465,249 12.4% 60,483 1.5%
YTD Total 12,038,749$ 11,480,859$ 11,783,195$ (255,554)$ ‐2.1%302,336$ 2.6%
2021 vs. 2020 2021 vs. Budget
2020 2021 2021
Actual Budget Actual $ % $ %
Franchise Fees 1,103,118 914,425 1,221,257 118,139 10.7% 306,832 33.6%
Business Licenses 829,957 761,121 876,922 46,964 5.7% 115,801 15.2%
Animal Licenses 57,045 74,272 54,070 (2,975) ‐5.2% (20,202) ‐27.2%
Building Permits 1,883,948 1,886,773 2,016,855 132,907 7.1% 130,082 6.9%
ROW/Street Excavation Permits 24,360 36,012 33,340 8,980 36.9%(2,672) ‐7.4%
Special Event Permits (35) 7 510 545 ‐1557.1%503 7142.0%
YTD Total 3,898,393$ 3,672,610$ 4,202,954$ 304,561$ 7.8% 530,344$ 14.4%
Annual Total 5,199,555$ 4,776,877$
Year to Date through September
Revenue
2021 vs. 2020 2021 vs. Budget
Licenses & Permits by Type
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 4 of 40
INTERGOVERNMENTAL
State Shared Revenue – 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 increase in public safety services and the amount over the prior year is primarily due to increased
receipts for private security services ($232K) and electronic home detention ($140K). The amount over the YTD budget is
primarily due to higher than anticipated receipts for private security services ($345K) and electronic home detention ($108K),
offset by lower than anticipated receipts for school resource officers ($117K). The revenue budget will be adjusted to updated
estimates with the mid‐biennial budget adjustment.
2020 2021 2021
Actual Budget Actual $ % $ %
State Shared Revenue 2,909,197$ 2,890,587$ 3,387,443 478,246$ 16.4% 496,856$ 17.2%
Federal Grants 160,978 104,598 1,187,843 1,026,865 637.9% 1,083,245 1035.6%
State Grants 100 39,686 86,403 86,303 86303.0% 46,717 117.7%
Local Grants 29,881 250,646 293,142 263,261 881.0% 42,496 17.0%
YTD Total 3,100,156$ 3,285,517$ 4,954,831$ 1,854,675$ 59.8% 1,669,314$ 50.8%
Annual Total 9,387,084$ 6,819,265$
Intergovernmental by Type
Revenue
2021 vs. 2020 2021 vs. Budget
Year to Date through September
2020 2021 2021
Tax by Type YTD Actual YTD Budget YTD Actual $ % $ %
Judicial Contribution 32,304$ 15,484$ 43,051$ 10,747$ 33.3% 27,567$ 178.0%
Crim Just ‐ High Crime 140,366 ‐ ‐ (140,366) ‐100.0%‐ N/A
Crim Just ‐ Pop 24,351 18,360 25,744 1,393 5.7% 7,384 40.2%
Crim Just ‐ Spec Prog 87,233 84,197 91,733 4,500 5.2% 7,536 9.0%
Crim Just ‐ One Time ‐ ‐ 420,599 420,599 N/A 420,599 100.0%
State DUI 11,049 13,404 12,776 1,727 15.6%(628) ‐4.7%
Marijuana Distribution 153,741 149,826 164,847 11,106 7.2% 15,021 10.0%
Liquor Profits 630,636 637,491 625,319 (5,317) ‐0.8% (12,172) ‐1.9%
Liquor Excise Tax 475,932 360,897 538,356 62,424 13.1% 177,459 49.2%
Fuel Tax 1,353,585 1,610,928 1,465,018 111,433 8.2%(145,910) ‐9.1%
YTD Total 2,909,197$ 2,890,587$ 3,387,443$ 478,246$ 16.4%496,856$ 17.2%
2021 vs. 2020 2021 vs. Budget
2020 2021 2021
Actual Budget Actual $ % $ %
Passport Fees 10,493 29,181 ‐ (10,493) 0.0%(29,181) 0.0%
Court Services 60,284 42,662 112,179 51,895 86.1% 69,517 162.9%
General Government Services 516 6,158 407 (109) ‐21.1% (5,751) ‐93.4%
Public Safety Services 544,873 548,009 854,499 309,626 56.8% 306,490 55.9%
Development Services 1,197,247 1,180,040 1,777,161 579,914 48.4% 597,121 50.6%
Transportation Services 71,276 ‐ 56,659 (14,617) ‐20.5%56,659 100.0%
Recreation/Farmer's Market/Events 266,774 841,532 316,508 49,733 18.6%(525,025) ‐62.4%
Interfund Services 3,551,711 3,546,245 3,912,671 360,960 10.2% 366,426 10.3%
YTD Total 5,703,174$ 6,193,828$ 7,030,084$ 1,326,910$ 23.3% 836,256$ 13.5%
Annual Total 7,514,930$ 8,172,266$
Year to Date through September
Charges for Services by Type
Revenue
2021 vs. 2020 2021 vs. Budget
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 5 of 40
Development Services – The increase in development services over the prior year is primarily due to an increase in planning
fees ($480K) and inspection services ($120K). The amount over budget is primarily due to higher than anticipated planning
fees ($656K) offset by lower than anticipated other development services revenues. The revenue budget will be adjusted to
updated estimates with the mid‐biennial budget adjustment.
Recreation/Farmer’s Market/Events – The decrease in revenues and amount under budget is related to cancelled programs,
as a result of COVID‐19. The revenue budget will be adjusted to updated estimates with the mid‐biennial budget adjustment.
Interfund Services – Interfund services revenues increase from the prior year and the amount over budget is due to
reimbursement of staffing costs from CIP projects.
FINES AND PENALTIES
Photo Enforcement Program – Photo enforcement revenues have increased from prior year due and are over budget due to
increased citations associated with traffic is returning to pre‐COVID‐19 levels. Traffic volumes have increased and school zone
cameras were turned back on as in‐person learning resumed in early March. The photo enforcement revenue budget will be
re‐evaluated during the mid‐biennial budget adjustment.
MISCELLANEOUS REVENUES
Interest and Other Investment Earnings – Interest earnings have decreased from the prior year primarily due to: 1) a
reduction in interfund interest ($375K); and 2) an overall reduction in interest rates. The amount of interest under budget is
almost entirely due to the interfund interest payment not being recorded in 2021. The revenue budget will be adjusted to
with the mid‐biennial budget adjustment.
Rents, Leases, and Concessions – Rents, leases, and concessions revenues increased over the prior year primarily due to rent
waivers provided in 2020 in response to COVID‐19. Rents, leases, and concessions revenues are over budget primarily due to
higher than anticipated concessions from one lessee ($118K); the rest of the amount over budget is due to various rent
budgets that were not adjusted for scheduled increases in rental rates. The revenue budget will be adjusted to updated
estimates with the mid‐biennial budget adjustment.
2020 2021 2021
Actual Budget Actual $ % $ %
Civil Penalties 284,689$ 217,030$ 195,875$ (88,814)$ ‐31.2% (21,155)$ ‐9.7%
Photo Enforcement Program 2,087,211 2,533,099 3,103,984 1,016,774 48.7% 570,885 22.5%
Criminal Traffic Misdemeanor Fines 42,482 34,686 36,622 (5,860) ‐13.8%1,936 5.6%
Criminal Non‐Traffic Fines 5,945 10,438 4,120 (1,826) ‐30.7% (6,318) ‐60.5%
Criminal Costs 49,001 29,864 26,998 (22,003) ‐44.9% (2,866) ‐9.6%
Non‐Court Fines, Forfeitures and Penalties 56,480 26,324 64,498 8,018 14.2% 38,174 145.0%
YTD Total 2,525,808$ 2,851,441$ 3,432,097$ 906,289$ 35.9% 580,656$ 20.4%
Annual Total 3,310,279$ 3,829,782$
Fines and Penalties by Type
Revenue
2021 vs. 2020 2021 vs. Budget
Year to Date through September
2020 2021 2021
Actual Budget Actual $ % $ %
Interest and Other Investment Earnings 784,809$ 607,744$ 213,789$ (571,020)$ ‐72.8% (393,955)$ ‐64.8%
Rents, Leases, and Concessions 601,778 552,875 734,118 132,340 22.0% 181,243 32.8%
Contributions/Donations from Private Sources 123,565 42,106 162,534 38,969 31.5% 120,428 286.0%
Latecomer Agreement 326,880 ‐ ‐ (326,880) 0.0%‐ N/A
Other 146,717 207,860 64,546 (82,171) ‐56.0% (143,314) ‐68.9%
YTD Total 1,983,749$ 1,410,585$ 1,174,987$ (808,762)$ ‐40.8% (235,598)$ ‐16.7%
Annual Total 2,465,125$ 1,866,685$
Miscellaneous by Type
Year to Date through September
Revenue
2021 vs. 2020 2021 vs. Budget
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 6 of 40
Latecomer Agreement – Latecomer agreements for Sunset Lane infrastructure improvements were finalized in 2020.
Payments are due from property owners if/when various conditions are met. Conditions were met for one property owner
in 2020 and payment was received. It is not possible to estimate if/when the various conditions will be met for the other
property owners and, therefore, receipt of payments under the agreements will not be budgeted.
Other – Other miscellaneous revenues are under budget primarily due to budgeted utility late payments not received due to
the utility moratorium. The revenue budget will be adjusted to updated estimates with the mid‐biennial budget adjustment.
OTHER FINANCING SOURCES
Transfers from Other Funds – The decrease in transfers from other funds is primarily due to a decrease in the following: 1)
$6.2M decrease in transfers in resulting from a change in recording transfers between the General Fund and its consolidated
management funds. Transfers between the consolidated funds were previously recorded as transfer in revenue and transfer
out expenditures. Transfers between the consolidated funds are now net together to avoid overstating revenues and
expenditures. 2) $2.6M one‐time transfer from the Housing Opportunity Fund. $2.5M of these funds are reserved for the
Economic Development Reserve. 3) $580K one‐time transfer in from Density Transfer fees that were held in the Municipal
Facilities CIP capital project fund. These funds were used to support low‐income housing project grants awarded by CED. 4)
$4.5M one‐time transfer in from the Benson Hill sales tax credit reserves held in the Insurance Fund to offset COVID‐19
revenue losses. 5) $1.8M one‐time transfer in from the Municipal Facilities CIP fund to offset COVID‐19 revenue losses.
2020 2021 2021
Actual Budget Actual $ % $ %
Transfers from Other Funds 15,675,164$ ‐$ 23,150$ (15,652,014) ‐99.9%23,150 100.0%
Insurance Recoveries 4,566 ‐ 25,288 20,722 453.8% 25,288 100.0%
Sale of Capital Assets 18,850 ‐ 41,718 22,868 121.3% 41,718 100.0%
YTD Total 15,698,580$ ‐$ 90,156$ (15,608,424)$ ‐99.4%90,156$ 100.0%
Annual Total 17,656,495$ 94,575$
Revenue
2021 vs. 2020 2021 vs. Budget
Year to Date through September
Other Financing Sources by Type
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 7 of 40
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.
CITY ATTORNEY
Personnel – The increase in personnel costs over the prior year is due to filling positions that were held vacant in 2020 in
response to COVID‐19. The amount of personnel costs under budget is due to the budget assuming all positions would be
filled for the entire year.
COMMUNITY AND ECONOMIC DEVELOPMENT
Personnel – The decrease in personnel costs from the prior year is primarily due to the city‐wide reorganization which shifted
two of the Economic Development employees to the new Equity, Housing, and Human Services department. The amount of
personnel costs under the YTD budget is due to open positions primarily in Planning ($414K) and Development Services
($309K).
Contracted Services – The decrease in contracted services from the prior year is primarily due to Economic Development
grant payments and impact fee waivers for multi‐family housing projects ($274K) and payments for the development of a
Housing Action Plan ($62K) in 2020 that were not repeated in 2021; offset by an increase in Planning payments for
professional services related to the TOD Subarea Plan, Light Rail Transit Conceptual design, and Energy Modeling for ADU
Design ($121K).
The amount of contracted services under the YTD budget is primarily due to Economic Development budgeted amounts
related to a CDBG grant that haven’t been spent ($170K), budgeted amounts related to a Port of Seattle grant that haven’t
been spent ($27K), and various other budgeted professional services that haven’t been spent ($55K); combined with Planning
budget amounts related to the Plans referenced above that haven’t been spent ($118K).
Capital Outlay – The amount of capital outlay over the prior year is due to the Downtown Streetscape project, managed by
Economic Development, that is being funded by a CDBG grant.
Internal Services – The increase in internal services costs over the prior year is due to vehicle replacement reserves that were
not charged May‐Sept in 2020 in response to COVID‐19 budget cuts. These payments resumed in 2021.
City Attorney
Summary of Uses 2020
Year to Date through September YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 1,497,984.00 2,350,586.00 1,762,940.00 1,626,703.00 (128,719)$ ‐8.6%136,237$ 7.7%
Supplies 853.00 3,550.00 1,627.00 307.00 546 64.0% 1,320 81.1%
Contracted Services 14,487.00 49,450.00 18,075.00 13,928.00 559 3.9% 4,147 22.9%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 136,859.00 207,761.00 155,845.00 155,821.00 (18,962) ‐13.9%24 0.0%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 1,650,183$ 2,611,347$ 1,938,487$ 1,796,759$ (146,576)$ ‐8.9%141,728$ 7.3%
2021 vs. Budget2021 2021 vs. 2020
Community and Economic Development
Summary of Uses 2020
Year to Date through September YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 5,576,207 8,079,481 6,059,611 5,230,530 345,677$ 6.2% 829,081$ 13.7%
Supplies 4,915 29,580 17,178 6,990 (2,075) ‐42.2%10,188 59.3%
Contracted Services 581,819 1,449,512 758,587 351,071 230,748 39.7% 407,516 53.7%
Capital Outlay 248,906 1,163,748 880,744 962,775 (713,869) ‐286.8% (82,031) ‐9.3%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 809,906 1,244,140 938,556 933,105 (123,199) ‐15.2%5,451 0.6%
Transfers Out 183,860 3,130 3,130 3,130 180,730 98.3%‐ 0.0%
Total Expenditures 7,405,613$ 11,969,591$ 8,657,806$ 7,487,601$ (81,988)$ ‐1.1%1,170,205$ 13.5%
2021 vs. Budget2021 2021 vs. 2020
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 8 of 40
Transfers – The decrease in transfers out is due to a change in recording transfers between the General Fund and its
consolidated management funds. Transfers between the consolidated funds were previously recorded as transfer in revenue
and transfer out expenditures. Transfers between the consolidated funds are now net together to avoid overstating revenues
and expenditures.
COUNCIL
COURT SERVICES
Personnel – The amount of personnel costs under the YTD budget is due to open positions.
Internal Services – The increase in internal services costs over the prior year are primarily due to increased Information
Technology costs ($54K) and increased Facilities costs ($51K).
EQUITY, HOUSING, AND HUMAN SERVICES
The Equity, Housing, and Human Services department is a newly formed department, the result of a city‐wide reorganization
approved by the City Council on July 19, 2021, effective August 1, 2021. 2021 budget and actuals have been shifted to the
newly created department for the entirety of 2021 where the costs are coming from an existing department. Newly created
positions in EHHS Admin and Community Outreach divisions are included in the mid‐biennial budget adjustment and are not
reflected here.
2020 actuals have also been reclassified to the new department, where possible, for comparative purposes. It was not
possible to reclassify 2020 Housing expenditures as they are intermixed with other transactions within the CED – Economic
Development division.
Council
Summary of Uses 2020
Year to Date through September YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 248,537 421,784 316,338 325,069 (76,532)$ ‐30.8% (8,731)$ ‐2.8%
Supplies 808 2,000 1,115 201 607 75.1% 914 82.0%
Contracted Services 18,197 63,316 57,892 1,468 16,729 91.9% 56,424 97.5%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 43,755 67,385 50,607 50,539 (6,784) ‐15.5%68 0.1%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 311,297$ 554,485$ 425,952$ 377,277$ (65,980)$ ‐21.2%48,675$ 11.4%
2021 vs. Budget2021 2021 vs. 2020
Court Services
Summary of Uses 2020
Year to Date through September YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 1,465,506 2,389,087 1,791,815 1,543,383 (77,877)$ ‐5.3%248,432$ 13.9%
Supplies 1,197 7,700 3,029 4,289 (3,092) ‐258.3% (1,260) ‐41.6%
Contracted Services 67,003 149,716 105,018 73,195 (6,192) ‐9.2%31,823 30.3%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 291,255 556,427 418,639 417,321 (126,066) ‐43.3%1,318 0.3%
Transfers Out 1,954 ‐ ‐ ‐ 1,954 100.0%‐ 0.0%
Total Expenditures 1,826,915$ 3,102,930$ 2,318,501$ 2,038,188$ (211,273)$ ‐11.6%280,313$ 12.1%
2021 vs. Budget2021 2021 vs. 2020
Equity, Housing, and Human Services
Summary of Uses 2020
Year to Date through September YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 457,076 909,437 682,078 726,719 (269,643)$ ‐59.0% (44,641)$ ‐6.5%
Supplies 4,290 17,775 9,563 6,527 (2,237) ‐52.1%3,036 31.7%
Contracted Services 471,780 2,179,833 1,652,733 1,529,269 (1,057,489) ‐224.1%123,464 7.5%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 66,930 121,913 95,191 91,435 (24,505) ‐36.6%3,756 3.9%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 1,000,076$ 3,228,958$ 2,439,565$ 2,353,950$ (1,353,874)$ ‐135.4%85,615$ 3.5%
2021 vs. Budget2021 2021 vs. 2020
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 9 of 40
Personnel – The increase in personnel costs over the prior year is primarily due to two Housing division positions whose 2020
actuals are included in the 2020 actuals for CED – Economic Development.
Contracted Services – The increase in contracted services over the prior year is primarily due to increased Human Services
spending ($137K) and Housing division spending ($912K). The Housing division 2020 actuals are included in the 2020 actuals
for CED – Economic Development.
The amount of contracted services over the YTD budget is primarily due to the timing of Human Services payments ($125K).
EXECUTIVE SERVICES
Personnel – The amount of personnel costs under the YTD budget is due to open positions.
Supplies – The decrease in supplies costs from the prior year is due to COVID‐19 expenditures incurred by Emergency
Management in 2020 that are not repeated in 2021.
Contracted Services – The decrease in contracted services costs from the prior year is due to COVID‐19 small business grants
and human services funding incurred by Emergency Management in 2020 that are not repeated in 2021.
The amount of contracted services under the YTD budget is a combination of budget savings in Admin ($38K), Emergency
Management ($26K), Organizational Development ($22K), and Neighborhood Program ($30K).
Internal Services – The increase in internal services costs over the prior year is primarily due to significantly increased
Communications charges to the Executive Admin division ($143K), combined with increased internal service fund charges
across the other internal service funds.
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 and over budget is primarily due to outside legal
fees associated with a utility tax audit. The timing of these expenditures is causing the line item to appear over budget when
it is not.
Executive Services
Summary of Uses 2020
Year to Date through September YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 1,488,960 2,487,519 1,865,640 1,575,375 (86,415)$ ‐5.8%290,265$ 15.6%
Supplies 249,973 16,869 10,513 4,121 245,852 98.4% 6,392 60.8%
Contracted Services 2,626,373 1,874,952 1,313,372 1,198,875 1,427,498 54.4% 114,497 8.7%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 474,770 1,020,478 800,026 766,028 (291,258) ‐61.3%33,998 4.2%
Transfers Out 694 ‐ ‐ ‐ 694 100.0%‐ 0.0%
Total Expenditures 4,840,770$ 5,399,818$ 3,989,551$ 3,544,399$ 1,296,371$ 26.8% 445,152$ 11.2%
2021 vs. Budget2021 2021 vs. 2020
Finance
Summary of Uses 2020
Year to Date through September YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 1,509,087 2,465,985 1,849,489 1,526,369 (17,282)$ ‐1.1%323,120$ 17.5%
Supplies 907 11,500 4,555 911 (4) ‐0.4%3,644 80.0%
Contracted Services 515,118 1,212,698 541,832 703,192 (188,074) ‐36.5% (161,360) ‐29.8%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 285,262 468,761 353,909 351,571 (66,309) ‐23.2%2,338 0.7%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 2,310,374$ 4,158,944$ 2,749,785$ 2,582,043$ (271,669)$ ‐11.8%167,742$ 6.1%
2021 vs. Budget2021 2021 vs. 2020
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 10 of 40
HUMAN RESOURCES
PARKS AND RECREATION
Personnel – The amount of personnel costs under the YTD budget is due to open positions. Recreation facilities were closed
to the public for the first half of the year and, therefore, supplemental staff were not utilized during this time.
Supplies – The amount of supplies costs under the YTD budget is primarily due to cost savings in the Recreation division that
are directly related to closed Recreation facilities, as noted above.
Internal Services – The increase in internal services over the prior year is primarily due to the following: 1) increased
Information Technology charges ($125K), 2) increased Print/Mail/Communications charges ($95K), 3) increased Fleet charges
($126K), and 4) increased Facilities charges ($532K). Internal service fund charges are based on: 1) the internal service fund’s
costs and 2) the department’s proportional share of services provided. Internal service fund charges are based on budget
during the year, but will be adjusted to actual at year end based on the internal service funds’ actual expenses incurred.
POLICE
Personnel – The decrease in personnel costs from the prior year is primarily the result of vacant positions resulting in a
decrease in salaries ($636K), offset by an increase in overtime ($219K). There was also an increase in private security overtime
($56K) and an increase in benefits ($92K).
Contracted Services – The amount of contracted services under the YTD budget is primarily due to less than anticipated
Emergency Communications charges.
Human Resources
Summary of Uses 2020
Year to Date through September YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 817,582 1,141,385 856,039 825,209 (7,627)$ ‐0.9%30,830$ 3.6%
Supplies 2,412 21,828 17,517 5,485 (3,073) ‐127.4%12,032 68.7%
Contracted Services 49,751 213,038 146,784 59,045 (9,294) ‐18.7%87,739 59.8%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 178,208 285,956 217,257 214,467 (36,259) ‐20.3%2,790 1.3%
Transfers Out ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Total Expenditures 1,047,953$ 1,662,207$ 1,237,597$ 1,104,206$ (56,253)$ ‐5.4%133,391$ 10.8%
2021 vs. Budget2021 vs. 20202021
Parks and Recreation
Summary of Uses 2020
Year to Date through September YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 5,163,495 9,328,342 6,996,258 5,122,648 40,847$ 0.8% 1,873,610$ 26.8%
Supplies 177,574 559,648 382,071 226,552 (48,978) ‐27.6%155,519 40.7%
Contracted Services 1,320,102 2,128,002 1,451,503 1,401,009 (80,907) ‐6.1%50,494 3.5%
Capital Outlay ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 2,187,739 4,141,756 3,122,461 3,106,524 (918,785) ‐42.0%15,937 0.5%
Transfers Out 616 ‐ ‐ 39,207 (38,591) ‐6264.8% (39,207) 100.0%
Total Expenditures 8,849,526$ 16,157,748$ 11,952,293$ 9,895,940$ (1,046,414)$ ‐11.8%2,056,353$ 17.2%
2021 vs. Budget2021 2021 vs. 2020
Police
Summary of Uses 2020
Year to Date through September YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 19,128,698 26,779,338 20,084,505 18,855,819 272,879$ 1.4% 1,228,686$ 6.1%
Supplies 202,917 558,141 358,389 271,705 (68,788) ‐33.9%86,684 24.2%
Contracted Services 7,006,131 9,504,366 6,876,077 7,090,447 (84,316) ‐1.2% (214,370) ‐3.1%
Capital Outlay ‐ 41,154 20,305 20,405 (20,405) 100.0%(100) ‐0.5%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 3,490,763 6,162,809 4,628,826 4,622,107 (1,131,344) ‐32.4%6,719 0.1%
Transfers Out 837,113 ‐ ‐ ‐ 837,113 100.0%‐ 0.0%
Total Expenditures 30,665,622$ 43,045,808$ 31,968,102$ 30,860,483$ (194,861)$ ‐0.6%1,107,619$ 3.5%
2021 vs. Budget2021 vs. 20202021
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 11 of 40
Internal Services – The increase in internal services is primarily due to increased Fleet equipment replacement charges. These
charges were temporarily suspended in 2020 due to COVID‐19, but resumed January 1, 2021.
Transfers Out – The decrease in transfers out from the prior year is due to one‐time transfers that occurred in 2020. These
transfers were as follows: 1) $711,102 to the new Police Seizure special revenue fund established in 2020, and 2) $126,011
to the new Police CSAM Seizure special revenue fund established in 2020.
PUBLIC WORKS
Personnel – The amount of personnel costs under the YTD budget is primarily due to open positions in Street Maintenance
($439K) and Transportation Systems ($114K).
Contracted Services – The amount of contracted services under the YTD budget is primarily due to lower than anticipated
Transportation Systems division electricity costs ($170K) and various professional services ($86K).
Internal Services – The increase in internal services over the prior year is primarily due to increases in the following: 1) Street
Maintenance division’s Facilities charges ($100K) and Fleet equipment replacement charges ($409K), 2) Transportation
Systems division’s various internal service fund charges ($101K), 3) Public Works Admin division’s various internal service
fund charges ($37K), and 4) Signal Shop Fleet charges ($43K).
Transfers Out – The decrease in transfers out from the prior year are primarily due to 2020 transfers to the Capital
Improvement capital project fund ($760K) that are not repeated in 2021.
NON‐DEPARTMENTAL AND OTHER
Personnel ‐ The amount of personnel expenditures over the prior year is due to timing of employee separations. The amount
of personnel expenditures under the YTD budget is due to lower than anticipated employee separation payments.
Contracted Services – The amount of contracted services under budget is due to contingency reserves that are set aside for
unanticipated costs related to the SCORE.
Transfers Out – The decrease in transfers out is primarily due to decreases in the following: 1) one‐time transfer of REET
revenues to the new REET1 capital project fund ($1.1M) and REET2 capital project fund ($1.1M), 2) timing difference in the
transfer of LRF Sales & Use Taxes to the debt service fund ($328K), 3) property tax transfers to other funds ($7M). $6M of the
decrease in property tax transfers is due to the change in recording of transfers between consolidated funds.
Public Works
Summary of Uses 2020
Year to Date through September YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 5,750,752 8,352,106 6,264,081 5,696,906 53,846$ 0.9% 567,175$ 9.1%
Supplies 453,994 557,217 439,945 414,955 39,039 8.6% 24,990 5.7%
Contracted Services 1,709,825 2,849,788 2,023,689 1,740,104 (30,279) ‐1.8%283,585 14.0%
Capital Outlay 41,006 5,200 ‐ 17,904 23,102 56.3%(17,904) 100.0%
Debt Service ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 1,417,907 2,835,481 2,147,489 2,126,742 (708,835) ‐50.0%20,747 1.0%
Transfers Out 768,907 ‐ ‐ ‐ 768,907 100.0%‐ 0.0%
Total Expenditures 10,142,391$ 14,599,792$ 10,875,204$ 9,996,611$ 145,780$ 1.4% 878,593$ 8.1%
2021 2021 vs. 2020 2021 vs. Budget
Non‐Departmental and Other
Summary of Uses 2020
Year to Date through September YTD Actual Annual Budget YTD Budget YTD Actual $%$%
Personnel 1,647,385 3,407,200 2,555,400 2,217,822 (570,437)$ ‐34.6%337,578$ 13.2%
Supplies ‐ ‐ ‐ ‐ ‐ 0.0%‐ 0.0%
Contracted Services 152,880 2,561,906 2,314,795 216,274 (63,394) ‐41.5%2,098,521 90.7%
Capital Outlay ‐ ‐ ‐ 34,452 (34,452) 100.0%(34,452) 100.0%
Debt Service ‐ 225,309 ‐ ‐ ‐ 0.0%‐ 0.0%
Internal Services 14,121 14,055 10,541 10,541 3,580 25.4%‐ 0.0%
Transfers Out 11,081,531 4,868,655 1,490,188 1,490,188 9,591,343 86.6%‐ 0.0%
Total Expenditures 12,895,917$ 11,077,125$ 6,370,924$ 3,969,277$ 8,926,640$ 69.2% 2,401,647$ 37.7%
2021 vs. 20202021 2021 vs. Budget
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 12 of 40
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.
Grants/intergovernmental – The decrease in intergovernmental revenue is due to a reduction in payments from Fire District
40 that support the debt service payments on Fire Station 13. The payment received in 2nd quarter 2021 was the final
payment scheduled to be received from Fire District 40 related to the debt service on the loan.
Transfers In – Transfers in will be processed to coincide with the timing of debt service payments.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental 415,505$ 114,631$ 114,740$ (300,765)$ 109$ 100.10%
Investment Earnings 28,546 ‐ 15,705 (12,841) 15,705 N/A
TOTAL REVENUES 444,051 114,631 130,445 (313,606) 15,814 113.80%
EXPENDITURES:
Principal 580,922 5,625,158 595,158 (14,236) 5,030,000 10.58%
Interest 978,141 1,527,861 824,069 154,072 703,792 53.94%
TOTAL EXPENDITURES 1,559,063 7,153,019 1,419,227 139,836 5,733,792 19.84%
Transfers In 2,850,961 7,378,667 1,490,188 (1,360,773) (5,888,479) 20.20%
NET TRANSFERS 2,850,961 7,378,667 1,490,188 (1,360,773) (5,888,479) 20.20%
CHANGE IN FUND BALANCE 1,735,948 340,279 201,406 (1,534,542) (138,873) 59.19%
BEGINNING FUND BALANCE, Jan 1 3,999,457 5,010,629 5,010,629 1,011,172 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 5,735,405$ 5,350,908$ 5,212,035$ (523,370)$ (138,873)$ 97.40%
Debt Service Reserve 2,717,575 2,717,575 2,717,575
AVAILABLE FUND BALANCE 3,017,830$ 2,633,333$ 2,494,460$
VARIANCE
FAVORABLE (UNFAVORABLE)
GENERAL GOVERNMENTAL MISCELLANEOUS DEBT
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 13 of 40
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.
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.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Taxes 179,305$ 200,000$ 184,096$ 4,791$ (15,904)$ 92.05%
Contributions 30,000 25,000 25,000 (5,000) ‐ 100.00%
Investment Earnings 6,409 ‐ 2,539 (3,870) 2,539 N/A
TOTAL REVENUES 215,714 225,000 211,635 (4,079) (13,365) 94.06%
EXPENDITURES:
Contracted Services 201,161 461,197 226,543 (25,382) 234,654 49.12%
TOTAL EXPENDITURES 201,161 461,197 226,543 (25,382) 234,654 49.12%
Transfers Out 37,500 40,000 ‐ (37,500) ‐ 0.00%
NET TRANSFERS (37,500) (40,000) ‐ 37,500 ‐ N/A
CHANGE IN FUND BALANCE (22,947) (276,197) (14,908) 8,039 261,289 5.40%
BEGINNING FUND BALANCE, Jan 1 943,889 893,604 893,604 (50,285) ‐ 94.67%
ENDING FUND BALANCE, Sep 30 920,942$ 617,407$ 878,696$ (42,246)$ 261,289$ 95.41%
VARIANCE
FAVORABLE (UNFAVORABLE)
HOTEL/MOTEL
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Licenses and permits 60,876$ 57,674$ 55,098$ (5,778)$ (2,576)$ 95.53%
Investment Earnings 4,049 ‐ 1,962 (2,087) 1,962 N/A
TOTAL REVENUES 64,925 57,674 57,060 (7,865) (614) 98.94%
EXPENDITURES:
Supplies ‐ 6,302 6,184 6,184 118 98.13%
Contracted Services 29,830 51,372 34,850 5,020 16,522 67.84%
Capital Outlay ‐ 40,000 ‐ ‐ 40,000 0.00%
TOTAL EXPENDITURES 29,830 97,674 41,034 11,204 56,640 42.01%
Transfers In ‐ 40,000 ‐ ‐ ‐ 0.00%
NET TRANSFERS ‐ 40,000 ‐ ‐ ‐ 0.00%
CHANGE IN FUND BALANCE 35,095 ‐ 16,026 (19,069) 16,026 N/A
BEGINNING FUND BALANCE, Jan 1 603,760 677,710 677,710 73,950 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 638,855$ 677,710$ 693,736$ 54,881$ 16,026$ 102.36%
CABLE COMMUNICATIONS
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 14 of 40
Housing & Supportive Services
In accordance with HB 1590, the City Council passed ORD 5983 authorizing an additional 0.1% sales and use tax, effective
January 1, 2021. The additional sales tax was not authorized at the time the 2021‐2022 budget was prepared. Anticipated
revenues are expected to be included in the mid‐biennial budget adjustment. The additional sales and use tax is restricted
for housing and related services, in accordance with RCW 82.14.530.
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 which will be used to
fund the ongoing maintenance of the wetland in perpetuity.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Taxes ‐$ ‐$ 2,170,166$ 2,170,166$ 2,170,166$ N/A
TOTAL REVENUES ‐ ‐ 2,170,166 2,170,166 2,170,166 N/A
EXPENDITURES:
TOTAL EXPENDITURES ‐ ‐ ‐ ‐ ‐ N/A
NET TRANSFERS ‐ ‐ ‐ ‐ ‐ N/A
CHANGE IN FUND BALANCE ‐ ‐ 2,170,166 2,170,166 2,170,166 N/A
BEGINNING FUND BALANCE, Jan 1 ‐ ‐ ‐ ‐ ‐ N/A
ENDING FUND BALANCE, Sep 30 ‐$ ‐$ 2,170,166$ 2,170,166$ 2,170,166$ N/A
HOUSING & SUPPORTIVE SERVICES
VARIANCE
FAVORABLE (UNFAVORABLE)
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charge for services ‐$ 24,200$ ‐$ ‐$ (24,200)$ 0.00%
Investment Earnings 2,251 ‐ 1,023 (1,228) 1,023 N/A
Sale of fixed assets ‐ ‐ 867 867 867 N/A
TOTAL REVENUES 2,251 24,200 1,890 (361) (22,310) 7.81%
EXPENDITURES:
TOTAL EXPENDITURES ‐ ‐ ‐ ‐ ‐ N/A
NET TRANSFERS ‐ ‐ ‐ ‐ ‐ N/A
CHANGE IN FUND BALANCE 2,251 24,200 1,890 (361) (22,310) 7.81%
BEGINNING FUND BALANCE, Jan 1 345,658 348,826 348,826 3,168 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 347,909$ 373,026$ 350,716$ 2,807$ (22,310)$ 94.02%
SPRINGBROOK WETLANDS
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 15 of 40
Police Seizure Fund
The Police Seizure Fund was established in the 2nd quarter of 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.
Police CSAM Seizure Fund
The Police CSAM Seizure Fund was established in the 2nd quarter of 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.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Contributions 8,716$ ‐$ 10,836$ 2,120$ 10,836$ N/A
Investment Earnings 1,613 ‐ 2,257 644 2,257 N/A
TOTAL REVENUES 10,329 ‐ 13,093 2,764 13,093 N/A
EXPENDITURES:
Supplies 34,869 872,449 21,771 (13,098) 850,678 2.50%
Contracted Services 20,580 ‐ 42,054 21,474 (42,054) N/A
Capital Outlay 7,307 ‐ 84,404 77,097 (84,404) N/A
TOTAL EXPENDITURES 62,756 872,449 148,229 85,473 724,220 16.99%
Transfers In 711,102 ‐ ‐ (711,102) ‐ N/A
NET TRANSFERS 711,102 ‐ ‐ (711,102) ‐ N/A
CHANGE IN FUND BALANCE 658,675 (872,449) (135,136) (793,811) 737,313 N/A
BEGINNING FUND BALANCE, Jan 1 ‐ 872,449 872,449 872,449 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 658,675$ ‐$ 737,313$ 78,638$ 737,313$ N/A
POLICE SEIZURE
VARIANCE
FAVORABLE (UNFAVORABLE)
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Fines and penalties 15,184$ ‐$ 22,380$ 7,197$ 22,380$ N/A
Investment Earnings 311 ‐ 460 149 460 N/A
TOTAL REVENUES 15,495 ‐ 22,840 7,345 22,840 N/A
EXPENDITURES:
Contracted Services 1,501 150,637 ‐ (1,501) (150,637) 0.00%
TOTAL EXPENDITURES 1,501 150,637 ‐ (1,501) 150,637 0.00%
Transfers In 126,011 ‐ ‐ (126,011) ‐ N/A
NET TRANSFERS 126,011 ‐ ‐ (126,011) ‐ N/A
CHANGE IN FUND BALANCE 140,005 (150,637) 22,840 (117,165) 173,477 N/A
BEGINNING FUND BALANCE, Jan 1 ‐ 150,637 150,637 150,637 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 140,005$ ‐$ 173,477$ 33,472$ 173,477$ N/A
POLICE CSAM SEIZURE
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 16 of 40
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.
Fire Impact Mitigation Fund
This fund accounts for fire 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 debt service fund to support the debt service on fire station 13. Once the debt on the
fire station is repaid, the remaining collections will be disbursed to the Renton Regional Fire Authority for use on qualifying
capital projects.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 505,723$ 86,500$ 204,385$ (301,338)$ 117,885$ 236.28%
Investment Earnings 13,940 ‐ 5,983 (7,957) 5,983 N/A
TOTAL REVENUES 519,663 86,500 210,368 (309,295) 123,868 243.20%
EXPENDITURES:
TOTAL EXPENDITURES ‐ ‐ ‐ ‐ ‐ N/A
Transfers In ‐ 1,484,964 1,179,783 1,179,783 ‐ 79.45%
Transfers Out ‐ 2,080,328 ‐ ‐ 2,080,328 0.00%
NET TRANSFERS ‐ (595,364) 1,179,783 1,179,783 1,775,147 ‐198.16%
CHANGE IN FUND BALANCE 519,663 (508,864) 1,390,151 870,488 1,899,015 ‐273.19%
BEGINNING FUND BALANCE, Jan 1 1,886,999 1,713,833 1,713,833 (173,166) ‐ 100.00%
ENDING FUND BALANCE, Sep 30 2,406,662$ 1,204,969$ 3,103,984$ 697,322$ 1,899,015$ 257.60%
COMMUNITY SERVICES IMPACT MITIGATION
VARIANCE
FAVORABLE (UNFAVORABLE)
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 128,895$ 99,000$ 183,880$ 54,985$ 84,880$ 185.74%
Investment Earnings 14,163 ‐ 6,382 (7,781) 6,382 N/A
TOTAL REVENUES 143,058 99,000 190,262 47,204 91,262 192.18%
EXPENDITURES:
TOTAL EXPENDITURES ‐ ‐ ‐ ‐ ‐ N/A
Transfers Out 113,806 436,987 ‐ (113,806) 436,987 0.00%
NET TRANSFERS (113,806) (436,987) ‐ 113,806 436,987 0.00%
CHANGE IN FUND BALANCE 29,252 (337,987) 190,262 161,010 528,249 ‐56.29%
BEGINNING FUND BALANCE, Jan 1 2,120,558 2,191,452 2,191,452 70,894 ‐ 100.00%
Prior Period Adjustment ‐ ‐ ‐ ‐ ‐ N/A
BEGINNING FUND BALANCE, Jan 1 (restated) 2,120,558 2,191,452 2,191,452 70,894 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 2,149,810$ 1,853,465$ 2,381,714$ 231,904$ 528,249$ 128.50%
FIRE IMPACT MITIGATION
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 17 of 40
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.
REET 1 Fund
This fund was established in the 2nd quarter of 2020 to account 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.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 1,691,032$ 200,000$ 1,909,674$ 218,642$ 1,709,674$ 954.84%
Investment Earnings 22,675 ‐ 10,844 (11,831) 10,844 N/A
TOTAL REVENUES 1,713,707 200,000 1,920,518 206,811 1,720,518 960.26%
EXPENDITURES:
TOTAL EXPENDITURES ‐ ‐ ‐ ‐ ‐ N/A
Transfers Out ‐ 172,869 ‐ ‐ 172,869 0.00%
NET TRANSFERS ‐ (172,869) ‐ ‐ 172,869 0.00%
CHANGE IN FUND BALANCE 1,713,707 27,131 1,920,518 206,811 1,893,387 N/A
BEGINNING FUND BALANCE, Jan 1 2,942,344 3,154,954 3,154,954 212,610 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 4,656,051$ 3,182,085$ 5,075,472$ 419,421$ 1,893,387$ 159.50%
TRANSPORTATION IMPACT MITIGATION
VARIANCE
FAVORABLE (UNFAVORABLE)
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Taxes 2,233,375$ 2,250,000$ 3,394,381$ 1,161,006$ 1,144,381$ 150.86%
Investment Earnings 5,775 ‐ 9,524 3,749 9,524 N/A
TOTAL REVENUES 2,239,150 2,250,000 3,403,905 1,164,755 1,153,905 151.28%
EXPENDITURES:
TOTAL EXPENDITURES ‐ ‐ ‐ ‐ ‐ N/A
Transfers In 1,143,855 ‐ ‐ (1,143,855) ‐ N/A
Transfers Out ‐ 2,865,000 ‐ ‐ 2,865,000 0.00%
NET TRANSFERS 1,143,855 (2,865,000) ‐ (1,143,855) 2,865,000 0.00%
CHANGE IN FUND BALANCE 3,383,005 (615,000) 3,403,905 20,900 4,018,905 ‐553.48%
BEGINNING FUND BALANCE, Jan 1 ‐ 2,042,269 2,042,269 2,042,269 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 3,383,005$ 1,427,269$ 5,446,174$ 2,063,169$ 4,018,905$ 381.58%
REET 1
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 18 of 40
REET 2 Fund
This fund was established in the 2nd quarter of 2020 to account 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.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Taxes 2,233,375$ 2,250,000$ 3,394,380$ 1,161,005$ 1,144,380$ 150.86%
Investment Earnings 5,775 ‐ 14,602 8,827 14,602 N/A
TOTAL REVENUES 2,239,150 2,250,000 3,408,982 1,169,832 1,158,982 151.51%
EXPENDITURES:
TOTAL EXPENDITURES ‐ ‐ ‐ ‐ ‐ N/A
Transfers In 1,143,855 3,177,680 3,177,680 2,033,825 ‐ 100.00%
Transfers Out ‐ 7,066,705 ‐ ‐ 7,066,705 0.00%
NET TRANSFERS 1,143,855 (3,889,025) 3,177,680 2,033,825 7,066,705 ‐81.71%
CHANGE IN FUND BALANCE 3,383,005 (1,639,025) 6,586,662 3,203,657 8,225,687 ‐401.86%
BEGINNING FUND BALANCE, Jan 1 ‐ 3,411,866 3,411,866 3,411,866 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 3,383,005$ 1,772,841$ 9,998,528$ 6,615,523$ 8,225,687$ 563.98%
REET 2
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 19 of 40
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 September 30 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.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental 555,083$ 1,302,206$ 1,168,042$ 612,959$ (134,164)$ 89.70%
Charges for services 140 ‐ 157,795 157,655 157,795 N/A
Sale of general fixed assets 560,000 ‐ 80,000 (480,000) 80,000 N/A
Contributions ‐ 11,000 11,000 11,000 ‐ 100.00%
Investment Earnings 176,405 86,185 58,244 (118,161) (27,941) 67.58%
TOTAL REVENUES 1,291,628 1,399,391 1,475,081 183,453 75,690 105.41%
EXPENDITURES:
Personnel 381,069 731,324 383,907 2,838 347,417 52.49%
Contracted Services 408,562 130,384 32,764 (375,798) 97,620 25.13%
Capital Outlay 5,148,686 23,889,853 3,227,689 (1,920,997) 20,662,164 13.51%
TOTAL EXPENDITURES 5,938,317 24,751,561 3,644,360 (2,293,957) 21,107,201 14.72%
Transfers In ‐ 7,899,008 ‐ ‐ (7,899,008) 0.00%
Transfers Out 2,323,680 4,669,729 4,385,342 2,061,662 284,387 93.91%
NET TRANSFERS (2,323,680) 3,229,279 (4,385,342) (2,061,662) (8,183,395) ‐135.80%
CHANGE IN FUND BALANCE (6,970,369) (20,122,891) (6,554,621) 415,748 13,568,270 32.57%
BEGINNING FUND BALANCE, Jan 1 26,395,567 20,298,663 20,298,663 (6,096,904) ‐ 100.00%
ENDING FUND BALANCE, Sep 30 19,425,198$ 175,772$ 13,744,042$ (5,681,156)$ 13,568,270$ 7819.24%
MUNICIPAL FACILITIES CIP
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 20 of 40
Municipal Facilities CIP Fund (continued)
PROJECT BUDGET ACTUAL BALANCE
CAPITAL PROJECT COORDINATORS 731,324$ 383,907$ 347,417$
SUNSET NEIGHBORHOOD PARK ART 86,856 10,200 76,656
CITY HALL ELEVATORS/GENERATOR REPLACEMENT 1,465,583 454,597 1,010,986
CITY WIDE SECURITY SYSTEM UPGRADES 353,913 18,822 335,091
COMM SVCS MAINT SHOPS REHAB 299,946 - 299,946
SIGN SHOP IMPROVEMENTS 2,824 - 2,824
CITY HALL MAJOR HVAC AND FIRE COMP REPL 2,629,288 1,910,395 718,893
RCC AUDIO AND VIDEO SYSTEMS 56,000 - 56,000
CITY HALL - REMODEL 10,000 5,609 4,391
CITY HALL - 7TH FLOOR REMODEL 10,000 1,881 8,119
PUBLIC WORKS SHOPS - GENERATOR REPL 144,000 - 144,000
BOATHOUSE 14,763 7,352 7,411
HENRY MOSES AQUATIC CENTER 88,644 28,912 59,732
SPORT COURT IMPROVEMENTS 215,000 127,434 87,566
PARKING LOT AND DRIVEWAY REPAIRS 90,000 - 90,000
URBAN FORESTRY PROGRAM 103,348 22,622 80,726
PARKS MM - PLAYGRDS, KIOSKS & INT SIGNS 325,000 - 325,000
PARKS MM - STRUCTURAL REVIEWS & REPAIRS 11,915 11,915 -
SUNSET EIS PARK 84,010 59,337 24,673
COULON PARK STRUCTURAL IMPROVEMENTS 150 150 -
COULON PARK TURF REPLACEMENT 50,788 - 50,788
COULON SWIM BEACH 100,000 - 100,000
LIBERTY PARK IMPROVEMENTS 525,852 246,154 279,698
TRANSPORTATION LANDSCAPE 90,000 - 90,000
PHILIP ARNOLD PARK IMPROVEMENTS 5,951,133 111,504 5,839,629
KIWANIS PARK 6,062,100 27,294 6,034,806
COULON - WATERWALK 3,481,270 143,166 3,338,104
COULON - TRESTLE BRIDGE 1,497,854 70,002 1,427,852
FAWCETT ROFR - PROF SERVICES - 107 (107)
COULON - ROSEWALL REPAIRS & MAINTENANCE 10,000 - 10,000
MAY CREEK TRAIL SOUTH 250,000 - 250,000
PARKS AVE N ACQUISITION 10,000 3,000 7,000
TOTAL PROJECT BALANCES 24,751,561$ 3,644,360$ 21,107,201$
MUNICIPAL FACILITIES CIP PROJECT BUDGETS AT SEPTEMBER 30, 2021
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 21 of 40
Capital Improvement Fund
This fund accounts for the City’s Transportation capital projects.
A listing of project budgets and balances at September 30 is provided on the following page.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental 1,372,736$ 28,258,159$ 5,644,893$ 4,272,157$ (22,613,266)$ 19.98%
Charges for services 250,000 ‐ ‐ (250,000) ‐ N/A
Fines and penalties 21,622 ‐ 29,118 7,496 29,118 N/A
Investment Earnings 120,484 ‐ 46,184 (74,300) 46,184 N/A
TOTAL REVENUES 1,764,842 28,258,159 5,720,195 3,955,353 (22,537,964) 20.24%
EXPENDITURES:
Personnel 80,879 56,000 86,339 5,460 (30,339) 154.18%
Supplies 147,946 40,000 20,598 (127,348) 19,402 51.50%
Contracted Services 107,700 188,248 80,412 (27,288) 107,836 42.72%
Capital Outlay 4,508,948 45,136,344 9,046,585 4,537,637 36,089,759 20.04%
TOTAL EXPENDITURES 4,845,473 45,420,592 9,233,934 4,388,461 36,186,658 20.33%
Transfers In 760,000 2,172,869 ‐ (760,000) (2,172,869) 0.00%
NET TRANSFERS 760,000 2,172,869 ‐ (760,000) (2,172,869) 0.00%
CHANGE IN FUND BALANCE (2,320,631) (14,989,564) (3,513,739) (1,193,108) 11,475,825 N/A
BEGINNING FUND BALANCE, Jan 1 18,947,853 16,792,413 16,792,413 (2,155,440) ‐ 100.00%
ENDING FUND BALANCE, Sep 30 16,627,222$ 1,802,849$ 13,278,674$ (3,348,548)$ 11,475,825$ 736.54%
CAPITAL IMPROVEMENT
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 22 of 40
Capital Improvement Fund (continued)
PROJECT BUDGET ACTUAL BALANCE
WALKWAY PGM 267,096$ -$ 267,096$
NE 31ST ST CULVERT 12,228 12,090 138
ARTERIAL CIRCULATION PGM 79,564 40,614 38,950
BRIDGE INSPECTION & REPAIR 245,909 42,394 203,515
ROADWAY SAFETY & GUARDRAIL 89,407 - 89,407
CATCH BASIN REPAIR 250,000 - 250,000
RENTON CONNECTOR 1,747,812 2,932 1,744,880
STREET OVERLAY PGM 1,465,902 65,458 1,400,444
TRAFFIC SAFETY PGM 117,808 15,949 101,859
PROJ DEV & PRE-DESIGN 186,201 11,623 174,578
SO 7TH ST 835,000 - 835,000
ITS PGM 86,128 9,363 76,765
RENTON AVE EXT PRES 40,920 31,859 9,061
PARK AVE EXTENSION 7,394,795 1,276,504 6,118,291
RAINIER AVE S/N PHASE 4 4,568,763 422,194 4,146,569
INTERSECT SAFETY & MOBILITY 355,610 1,491 354,119
NE 31ST ST BRIDGE REPLACEMENT 248,046 25,661 222,385
N 27TH PL CULVERT SCOUR REPAIR 66,622 35,613 31,009
DUVALL AVE 7TH TO SUNSET 6,499,523 102,967 6,396,556
BARRIER FREE 113,883 56,187 57,696
SIDEWALK REHAB 100,000 - 100,000
LAKE WASHINGTON LOOP TRAIL 2,569,362 1,037,846 1,531,516
HIGHLANDS TO LANDING 422,490 147,360 275,130
SUNSET BLVD CORRIDOR 4,421,053 47,624 4,373,429
PRES OF TOD 173,496 88,585 84,911
WILLIAMS AVE S & WELLS AVE S CONV 6,495,074 4,664,727 1,830,347
ARTERIAL REHAB - SW 43RD 1,169,960 - 1,169,960
BRONSON BRIDGE 463,766 49,138 414,628
HOUSER WAY N BRIDGE 531,247 5,193 526,054
WILLIAMS BRIDGE 649,992 5,193 644,799
S 2ND STREET CONVERSION 1,545,494 1,462 1,544,032
HOUSER WAY INT & PED IMP 730,465 30,912 699,553
RENTON SCHOOL CROSSINGS 688,384 544,684 143,700
SAFE ROUTES TO TRANSIT 763,592 436,306 327,286
SOUND TRANSIT NE 44TH STREET 25,000 22,005 2,995
TOTAL PROJECT BALANCES 45,420,592$ 9,233,934$ 36,186,658$
CAPITAL IMPROVEMENT PROJECT BUDGETS AT SEPTEMBER 30, 2021
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 23 of 40
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. The fund has been closed and the
remaining fund balance was transferred to the General Fund.
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.
Capital Outlay – The decrease in capital outlay from the prior year is due to timing of project costs within the overall project.
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.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Investment Earnings 271$ ‐$ ‐$ (271)$ ‐$ N/A
TOTAL REVENUES 271 ‐ ‐ (271) ‐ N/A
TOTAL EXPENDITURES ‐ ‐ ‐ ‐ ‐ N/A
Transfers Out ‐ 16,679 16,679 16,679 ‐ 100.00%
NET TRANSFERS ‐ (16,679) (16,679) (16,679) ‐ N/A
CHANGE IN FUND BALANCE 271 (16,679) (16,679) (16,950) ‐ N/A
BEGINNING FUND BALANCE, Jan 1 16,408 16,679 16,679 271 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 16,679$ ‐$ ‐$ (16,679)$ ‐$ N/A
NEW LIBRARY DEVELOPMENT
VARIANCE
FAVORABLE (UNFAVORABLE)
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental ‐$ 75,000$ ‐$ ‐$ (75,000)$ 0.00%
Investment Earnings 54,501 ‐ 23,673 (30,828) 23,673 N/A
TOTAL REVENUES 54,501 75,000 23,673 (30,828) (51,327) 31.56%
EXPENDITURES:
Contracted Services ‐ ‐ 60,435 60,435 (60,435) N/A
Capital Outlay 259,310 872,775 67,603 (191,707) 805,172 7.75%
TOTAL EXPENDITURES 259,310 872,775 128,038 (131,272) 744,737 14.67%
NET TRANSFERS ‐ ‐ 27,879 27,879 27,879 N/A
CHANGE IN FUND BALANCE (204,809) (797,775) (76,486) 128,323 721,289 N/A
BEGINNING FUND BALANCE, Jan 1 8,551,401 8,356,704 8,356,704 (194,697) ‐ 100.00%
ENDING FUND BALANCE, Sep 30 8,346,592$ 7,558,929$ 8,280,218$ (66,374)$ 721,289$ 109.54%
FAMILY FIRST CENTER
VARIANCE
FAVORABLE (UNFAVORABLE)
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 24 of 40
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.
Capital Outlay ‐ A listing of project budgets and balances at September 30 is provided on the following page.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental ‐$ 57,162$ ‐$ ‐$ (57,162)$ 0.00%
Charges for services 2,282,559 3,047,910 2,476,150 193,591 (571,760) 81.24%
Interest and other misc 42,953 4,857 23,447 (19,506) 18,590 482.75%
TOTAL REVENUES 2,325,512 3,109,929 2,499,597 174,085 (610,332) 80.37%
EXPENSES:
Personnel 674,074 1,322,337 816,777 (142,703) 505,560 61.77%
Supplies 22,085 39,471 19,693 2,392 19,778 49.89%
Contracted Services 273,776 1,085,712 371,304 (97,528) 714,408 34.20%
Internal Services 235,446 393,723 295,292 (59,846) 98,431 75.00%
TOTAL OPERATING EXPENSES 1,205,381 2,841,243 1,503,066 (297,685) 1,338,177 52.90%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 1,120,131 268,686 996,531 (123,600) 727,845 370.89%
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY 223,324 6,524,125 458,107 (234,783) 6,066,018 7.02%
TRANSFERS OUT 1,363 ‐ 6,276 (4,913) (6,276) N/A
NET TRANSFERS (1,363) ‐ (6,276) (4,913) (6,276) N/A
CHANGE IN FUND BALANCE 895,444 (6,255,439) 532,148 (363,296) 6,787,587 N/A
BEGINNING FUND BALANCE, Jan 1 6,259,402 7,558,405 7,558,405 1,299,003 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 7,154,846$ 1,302,966$ 8,090,553$ 935,707$ 6,787,587$ 620.93%
Operating Reserve 190,480 223,124 223,124
AVAILABLE FUND BALANCE 6,964,366$ 1,079,842$ 7,867,429$
VARIANCE
AIRPORT
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 25 of 40
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.
Capital Outlay ‐ The Solid Waste Fund does not have a capital fund.
PROJECT BUDGET ACTUAL BALANCE
MAINTENANCE DREDGING & SHORELINE MITIGAT 163,000$ 31,217$ 131,783$
AIRPORT OFFICE REHAB 2,718,316 - 2,718,316
MAJOR FACILITY MAINTENANCE 511,135 337,879 173,256
SURFACE WATER SYSTEM REHABILITATION 94,496 - 94,496
PAVEMENT MANAGEMENT PROGRAM 805,930 184,356 621,574
SNOW REMOVAL EQUIPMENT 167,000 - 167,000
MASTER PLAN UPDATE 182,394 11,856 170,538
TAXIWAY ALPHA REHABILITATION 1,317,495 - 1,317,495
RUNWAY SAFETY AREA 774,359 - 774,359
ENVIRONMENTAL IMPACT STUDY 400,000 - 400,000
TOTAL PROJECT BALANCES 7,134,125$ 565,308$ 6,568,817$
Non-capital items included in project budgets (610,000) (107,201) (502,799)
Operating fund equipment purchase - - -
TOTAL CAPITAL OUTLAY 6,524,125$ 458,107$ 6,066,018$
AIRPORT PROJECT BALANCES AT SEPTEMBER 30, 2021
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental 89,664$ 313,136$ 69,496$ (20,168)$ (243,640)$ 22.19%
Charges for services 15,587,987 22,636,386 15,625,585 37,598 (7,010,801) 69.03%
Interest and other misc 20,695 5,000 7,776 (12,919) 2,776 155.52%
TOTAL REVENUES 15,698,346 22,954,522 15,702,857 4,511 (7,251,665) 68.41%
EXPENSES:
Personnel 426,817 727,085 388,806 38,011 338,279 53.47%
Supplies 3,252 11,900 471 2,781 11,429 3.96%
Contracted Services 13,634,509 21,855,539 14,178,479 (543,970) 7,677,060 64.87%
Internal Services 340,558 307,806 230,869 109,689 76,937 75.00%
TOTAL OPERATING EXPENSES 14,405,136 22,902,330 14,798,625 (393,489) 8,103,705 64.62%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 1,293,210 52,192 904,232 (388,978) 852,040 1732.52%
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY ‐ ‐ ‐ ‐ ‐ N/A
TRANSFERS OUT ‐ ‐ 94 (94) (94) N/A
NET TRANSFERS ‐ ‐ (94) (94) (94) N/A
CHANGE IN FUND BALANCE 1,293,210 52,192 904,138 (389,072) 851,946 1732.33%
BEGINNING FUND BALANCE, Jan 1 2,266,127 2,771,562 2,771,562 505,435 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 3,559,337$ 2,823,754$ 3,675,700$ 116,363$ 851,946$ 130.17%
Operating Reserve 400,000 400,000 400,000
AVAILABLE FUND BALANCE 3,159,337$ 2,423,754$ 3,275,700$
SOLID WASTE
VARIANCE
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 26 of 40
Golf Course Fund
This fund accounts for revenues and expenses for administration, debt service, operation, capital improvements, and
maintenance of the Maplewood Golf Course.
Capital Outlay – A listing of project budgets and balances at September 30 is as follows:
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 1,787,980$ 2,304,205$ 2,383,998$ 596,018$ 79,793$ 103.46%
Rents, leases, and misc fees 276,076 527,600 345,680 69,604 (181,920) 65.52%
Interest and other misc 2,667 226,679 3,310 643 (223,369) 1.46%
TOTAL REVENUES 2,066,723 3,058,484 2,732,988 666,265 (325,496) 89.36%
EXPENSES:
Personnel 1,070,421 1,673,092 1,169,634 (99,213) 503,458 69.91%
Supplies 242,422 321,704 288,350 (45,928) 33,354 89.63%
Contracted Services 126,244 176,150 99,897 26,347 76,253 56.71%
Internal Services 256,533 350,253 262,692 (6,159) 87,561 75.00%
TOTAL OPERATING EXPENSES 1,695,620 2,521,199 1,820,573 (124,953) 700,626 72.21%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 371,103 537,285 912,415 541,312 375,130 169.82%
DEBT SERVICE:
Principal ‐ 29,395 ‐ ‐ 29,395 0.00%
Interest ‐ 1,416 ‐ ‐ 1,416 0.00%
TOTAL DEBT SERVICE ‐ 30,811 ‐ ‐ 30,811 0.00%
CAPITAL OUTLAY ‐ 270,309 12,662 (12,662) 257,647 4.68%
TRANSFERS IN 57,000 68,100 51,075 (5,925) (17,025) 75.00%
TRANSFERS OUT 59,695 68,100 51,075 8,620 17,025 75.00%
NET TRANSFERS (2,695) ‐ ‐ 2,695 ‐ N/A
CHANGE IN FUND BALANCE 368,408 236,165 899,753 531,345 663,588 380.98%
BEGINNING FUND BALANCE, Jan 1 173,750 476,746 476,746 302,996 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 542,158$ 712,911$ 1,376,499$ 834,341$ 663,588$ 193.08%
Operating Reserve 585,769 641,500 641,500
AVAILABLE FUND BALANCE (43,611)$ 71,411$ 734,999$
GOLF COURSE
VARIANCE
PROJECT BUDGET ACTUAL BALANCE
MACHINERY & EQUIPMENT 250,309$ -$ 250,309$
GOLF MM COURSE - MAINTENANCE 43,100 - 43,100
TOTAL PROJECT BALANCES 293,409$ -$ 293,409$
Non-capital items included in project budgets (43,100) - (43,100)
Operating fund equipment purchase 20,000 12,662 7,338
TOTAL CAPITAL OUTLAY 270,309$ 12,662$ 257,647$
GOLF PROJECT BALANCES AT SEPTEMBER 30, 2021
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 27 of 40
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.
Capital Outlay ‐ A listing of project budgets and balances at September 30 is provided on the following page.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 12,721,901$ 17,314,812$ 14,073,834$ 1,351,933$ (3,240,978)$ 81.28%
Rents, leases, and misc fees 232,204 136,591 141,129 (91,075) 4,538 103.32%
Interest and other misc 637,326 521,000 459,737 (177,589) (61,263) 88.24%
TOTAL REVENUES 13,597,031 17,972,403 14,674,700 1,077,669 (3,297,703) 81.65%
EXPENSES:
Personnel 3,226,180 4,753,110 3,452,860 (226,680) 1,300,250 72.64%
Supplies 595,044 885,876 638,118 (43,074) 247,758 72.03%
Contracted Services 2,231,474 3,464,394 2,341,678 (110,204) 1,122,716 67.59%
Internal Services 1,550,720 2,539,605 1,904,709 (353,989) 634,896 75.00%
TOTAL OPERATING EXPENSES 7,603,418 11,642,985 8,337,365 (733,947) 3,305,620 71.61%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 5,993,613 6,329,418 6,337,335 343,722 7,917 100.13%
DEBT SERVICE:
Principal 345,818 1,563,068 345,818 ‐ 1,217,250 22.12%
Interest 105,595 216,506 98,375 7,220 118,131 45.44%
TOTAL DEBT SERVICE 451,413 1,779,574 444,193 7,220 1,335,381 24.96%
CAPITAL OUTLAY 2,369,026 35,563,246 2,687,602 (318,576) 32,875,644 7.56%
TRANSFERS OUT 330 ‐ 2,626 (2,296) (2,626) N/A
NET TRANSFERS (330) ‐ (2,626) (2,296) (2,626) N/A
CHANGE IN FUND BALANCE 3,172,844 (31,013,402) 3,202,914 30,070 34,216,316 N/A
BEGINNING FUND BALANCE, Jan 1 37,569,067 40,776,314 40,776,314 3,207,247 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 40,741,911$ 9,762,912$ 43,979,228$ 3,237,317$ 34,216,316$ 450.47%
Restricted for Debt Service 1,394,050 1,394,050 1,394,050
Operating Reserve 3,072,760 1,614,304 1,614,304
AVAILABLE FUND BALANCE 36,275,101$ 6,754,558$ 40,970,874$
WATER UTILITY
VARIANCE
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 28 of 40
Water Utility Fund (continued)
PROJECT BUDGET ACTUAL BALANCE
PIPE OVERSIZING COSTS 100,000$ -$ 100,000$
TELEMETRY IMPROVEMENTS-PHASE 4 227,965 4,796 223,169
WATER SYSTEM PLAN UPDATE 334,254 45,064 289,190
UPDATE EMERGENCY RESPONSE PLAN 221,490 14,822 206,668
STEEL/AC WATERMAIN REPLC PLAN 1,553,482 51,770 1,501,712
RESERVOIR RECOATING 194,600 - 194,600
EMERGENCY RESPONSE PROJ 100,000 - 100,000
DOWNTOWN WATER MAIN REPLACEMENT 3,909,613 1,353,048 2,556,565
WATER PUMP STATIONS REHAB 400,000 10,680 389,320
RESERVOIR PRV METERS 337,235 9,983 327,252
MPLWD WATER TREATMENT IMPROV - CONST 715,241 12,890 702,351
HIGHLANDS WATER MAIN IMPROVEMENT 1,078,738 561,720 517,018
DUVALL AVE NE WATER MAIN REPLACEMENT 457,600 139 457,461
EMERGENCY POWER TO PUMP STATION 290,586 454 290,132
WATER SYSTEM SECURITY IMPROVEMENTS 100,000 - 100,000
AQUIFER MONITORING AND MANAGEMENT 30,000 - 30,000
WATER TREATMENT FILTER MEDIA 392,936 1,093 391,843
WSDOT I-405 WATER RELOCATIONS 536,810 2,083 534,727
AUTOMATIC METER READING CONVERSION 196,115 - 196,115
HIGHLANDS 435-RESERVOIRS REPLACEMENT 23,065,776 115,391 22,950,385
RAINIER AVE S ROAD & UTILITIES IMPRVMNT 300,000 - 300,000
KENNYDALE 320-RESERVOIR 790,842 560,013 230,829
BRONSN/HOUSR/WILLIAM BRIDGES WTRMAINREPL 200,000 - 200,000
TOTAL PROJECT BALANCES 35,533,283$ 2,743,946$ 32,789,337$
Non-capital items included in project budgets - (68,530) 68,530
Operating fund equipment purchase 29,963 12,186 17,777
TOTAL CAPITAL OUTLAY 35,563,246$ 2,687,602$ 32,875,644$
WATER UTILITY FUND PROJECT BALANCES AT SEPTEMBER 30, 2021
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 29 of 40
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.
Capital Outlay ‐ A listing of project budgets and balances at September 30 is provided on the following page.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Licenses and permits 73,400$ 62,111$ 74,250$ 850$ 12,139$ 119.54%
Charges for services 8,012,821 11,280,375 8,428,851 416,030 (2,851,524) 74.72%
Fines and penalties 263 ‐ 5,133 4,870 5,133 N/A
Interest and other misc 500,862 444,000 638,984 138,122 194,984 143.92%
TOTAL REVENUES 8,587,346 11,786,486 9,147,218 559,872 (2,639,268) 77.61%
EXPENSES:
Personnel 1,777,775 2,651,185 1,683,762 94,013 967,423 63.51%
Supplies 50,287 73,842 67,240 (16,953) 6,602 91.06%
Contracted Services 1,496,209 3,026,771 1,645,237 (149,028) 1,381,534 54.36%
Internal Services 1,100,375 1,933,601 1,450,210 (349,835) 483,391 75.00%
TOTAL OPERATING EXPENSES 4,424,646 7,685,399 4,846,449 (421,803) 2,838,950 63.06%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 4,162,700 4,101,087 4,300,769 138,069 199,682 104.87%
DEBT SERVICE:
Principal ‐ 612,850 ‐ ‐ 612,850 0.00%
Interest 45,398 97,301 42,551 2,847 54,750 43.73%
TOTAL DEBT SERVICE 45,398 710,151 42,551 2,847 667,600 5.99%
CAPITAL OUTLAY 529,316 20,241,883 5,936,064 (5,406,748) 14,305,819 29.33%
TRANSFERS OUT ‐ ‐ 2,251 (2,251) (2,251) N/A
NET TRANSFERS ‐ ‐ (2,251) (2,251) (2,251) N/A
CHANGE IN FUND BALANCE 3,587,986 (16,850,947) (1,680,097) (5,268,083) 15,170,850 N/A
BEGINNING FUND BALANCE, Jan 1 19,832,351 23,996,217 23,996,217 4,163,866 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 23,420,337$ 7,145,270$ 22,316,120$ (1,104,217)$ 15,170,850$ 312.32%
Restricted for Debt Service 661,227 661,227 661,227
Operating Reserve 1,489,966 914,224 914,224
AVAILABLE FUND BALANCE 21,269,144$ 5,569,819$ 20,740,669$
WASTEWATER UTILITY
VARIANCE
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 30 of 40
Wastewater Utility Fund (continued)
PROJECT BUDGET ACTUAL BALANCE
MISCELANEOUS SEWER PROJECTS 379,419$ 573$ 378,846$
2008 LONG-RANGE WW MANAG PLAN 62,597 36,331 26,266
WASTEWATER OPERATIONS MASTER PLAN 724,622 467 724,155
THUNDER HILL INT REPL/REHAB 3,074,074 37,824 3,036,250
FORCE MAIN REHABILITATION REPLACEMENT 1,883,308 38,923 1,844,385
LIFT STATION REHABILITATION 1,879,795 41,730 1,838,065
DOWNTOWN SEWER REPLACEMENT/REHAB 7,192,313 5,447,075 1,745,238
KENNYDALE LAKELINE SEWER UPGRADE 3,344,460 357,325 2,987,135
SANITARY SEWER REHAB/REPLACEMENT 2,478,314 16,920 2,461,394
TOTAL PROJECT BALANCES 21,018,902$ 5,977,168$ 15,041,734$
Non-capital items included in project budgets (787,219) (41,104) (746,115)
Operating fund equipment purchase 10,200 - 10,200
TOTAL CAPITAL OUTLAY 20,241,883$ 5,936,064$ 14,305,819$
WASTEWATER UTILITY FUND PROJECT BALANCES AT SEPTEMBER 30, 2021
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 31 of 40
King County 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.
Capital Outlay ‐ The King County Metro Fund does not have a capital fund.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 12,532,990$ 17,607,838$ 13,263,925$ 730,935$ (4,343,913)$ 75.33%
Interest and other misc 39,896 ‐ 12,861 (27,035) 12,861 N/A
TOTAL REVENUES 12,572,886 17,607,838 13,276,786 703,900 (4,331,052) 75.40%
EXPENSES:
Contracted Services 13,784,380 17,607,838 13,015,696 768,684 4,592,142 73.92%
TOTAL OPERATING EXPENSES 13,784,380 17,607,838 13,015,696 768,684 4,592,142 73.92%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS (1,211,494) ‐ 261,090 1,472,584 261,090 N/A
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY ‐ ‐ ‐ ‐ ‐ N/A
NET TRANSFERS ‐ ‐ ‐ ‐ ‐ N/A
CHANGE IN FUND BALANCE (1,211,494) ‐ 261,090 1,472,584 261,090 N/A
BEGINNING FUND BALANCE, Jan 1 5,961,906 4,729,749 4,729,749 (1,232,157) ‐ 100.00%
ENDING FUND BALANCE, Sep 30 4,750,412$ 4,729,749$ 4,990,839$ 240,427$ 261,090$ 105.52%
Operating Reserve 380,000 380,000 380,000
AVAILABLE FUND BALANCE 4,370,412$ 4,349,749$ 4,610,839$
KING COUNTY METRO
VARIANCE
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 32 of 40
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.
Capital Outlay ‐ A listing of project budgets and balances at September 30 is provided on the following page.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Licenses and permits 52,475$ 50,708$ 24,000$ (28,475)$ (26,708)$ 47.33%
Grants / intergovernmental 778,027 9,605,713 803,689 25,662 (8,802,024) 8.37%
Charges for services 8,944,514 12,101,509 9,515,917 571,403 (2,585,592) 78.63%
Interest and other misc 291,358 2,519,338 1,129,745 838,387 (1,389,593) 44.84%
TOTAL REVENUES 10,066,374 24,277,268 11,473,351 1,406,977 (12,803,917) 47.26%
EXPENSES:
Personnel 2,750,768 3,730,881 2,786,229 (35,461) 944,652 74.68%
Supplies 81,508 177,267 91,100 (9,592) 86,167 51.39%
Contracted Services 1,309,798 4,343,462 1,771,031 (461,233) 2,572,431 40.77%
Internal Services 1,306,639 2,557,505 1,918,141 (611,502) 639,364 75.00%
TOTAL OPERATING EXPENSES 5,448,713 10,809,115 6,566,501 (1,117,788) 4,242,614 60.75%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 4,617,661 13,468,153 4,906,850 289,189 (8,561,303) 36.43%
DEBT SERVICE:
Principal ‐ 499,900 ‐ ‐ 499,900 0.00%
Interest 443,768 630,950 50,985 392,783 579,965 8.08%
TOTAL DEBT SERVICE 443,768 1,130,850 50,985 392,783 1,079,865 4.51%
CAPITAL OUTLAY 1,242,968 19,699,466 4,646,198 (3,403,230) 15,053,268 23.59%
Transfers Out ‐ 18,347 20,598 (20,598) (2,251) 112.27%
NET TRANSFERS ‐ (18,347) (20,598) (20,598) (2,251) N/A
CHANGE IN FUND BALANCE 2,930,925 (7,380,510) 189,069 (2,741,856) 7,569,579 N/A
BEGINNING FUND BALANCE, Jan 1 18,377,556 21,610,356 21,610,356 3,232,800 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 21,308,481$ 14,229,846$ 21,799,425$ 490,944$ 7,569,579$ 153.20%
Restricted for Debt Service 754,868 754,868 754,868
Operating Reserve 1,252,915 1,116,680 1,116,680
AVAILABLE FUND BALANCE 19,300,698$ 12,358,298$ 19,927,877$
SURFACE WATER UTILITY
VARIANCE
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 33 of 40
Surface Water Utility Fund (continued)
PROJECT BUDGET ACTUAL BALANCE
COMP S&SW MGMT PLAN P&D 28,474$ 11,254$ 17,220$
SM DRAINAGE PROBLEMS 578,564 32,005 546,559
PANTHER CR WL MOSQUITO ABATEMENT 95,776 43,312 52,464
MADSEN CREEK SEDIMENT BASIN 121,675 75,310 46,365
SMALL DRAINAGE PROJ-MAPLEWOOD SEDIMENT 155,120 80,278 74,842
WETLAND MITIGATION BANK 109,586 - 109,586
ACOE 205 PROJECT 58,737 10,281 48,456
CEDAR RIVER GRAVEL REMOVAL 2,681,201 54,564 2,626,637
RENTON STORM WATER MANUAL 68,147 2,109 66,038
GREEN RIVER ECOSYSTEM STUDY 48,177 562 47,615
MISCELLANEOUS/EMERGENCY/STORM PROJECTS 100,000 - 100,000
SURFACE WATER UTILITY GIS 121,755 101,449 20,306
HARDIE AVE S UNDERPASS STORM SYSTEM IMPR 2,391 - 2,391
MONROE AVE/N 2ND ST 826,497 407,885 418,612
STORMWATER FACILITY FENCING PROJECT 262,201 14,537 247,664
CEDAR RIVER 205 LEVEE RECERTIFICATION 4,532,900 235,177 4,297,723
SE 172ND ST/125TH AVE SE 140,399 140,480 (81)
RAINIER AVE/OAKSDALE AVE PUMP STATION UP 147,121 28,829 118,292
NE 16TH/JEFFERSON AVE NE 2,623,430 991,025 1,632,405
DOWNTOWN STORM SYSTEM IMPROVEMENT PROJEC 5,705,776 2,555,716 3,150,060
HEATHER DOWNS DETENTION POND 786,921 154,854 632,067
MADSEN CRK IMPROV PHASE 1-KCFCD 843,598 75,048 768,550
RAINIER AVE/BENSON RD S - CULVERT REPL - - -
CMP STORM SYSTEM REPLACEMENT PROJECT 559,038 67,832 491,206
CEDAR RIVER FLOOD RISK REDUCTION 491,545 34,575 456,970
STORMWATER FACILITY RETROFIT STUDY 271,810 163,994 107,816
BURNETT AVE S/WILLIAMS AVE S 495,797 138,229 357,568
WSDOT LA ROW RUNOFF IMPACT MITIGATION 145,471 51,427 94,044
SW 23RD ST DRAINAGE AND FISH PASSAGE IMP 350,000 - 350,000
TOTAL PROJECT BALANCES 22,352,107$ 5,470,732$ 16,881,375$
Non-capital items included in project budgets (2,681,201) (824,534) (1,856,667)
Operating fund equipment purchase 28,560 - 28,560
TOTAL CAPITAL OUTLAY 19,699,466$ 4,646,198$ 15,053,268$
SURFACE WATER UTILITY PROJECT BALANCES AT SEPTEMBER 30, 2021
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 34 of 40
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.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Charges for services 25,350$ ‐$ 56,194$ 30,844$ 56,194$ N/A
Interdepartmental services 2,730,924 6,451,395 4,932,549 2,201,625 (1,518,846) 76.46%
Interest and other misc 45,564 12,000 122,836 77,272 110,836 1023.63%
TOTAL REVENUES 2,801,838 6,463,395 5,111,579 2,309,741 (1,351,816) 79.09%
EXPENSES:
Personnel 798,378 1,206,146 796,099 2,279 410,047 66.00%
Supplies 737,840 1,496,153 975,971 (238,131) 520,182 65.23%
Contracted Services 179,478 133,166 232,198 (52,720) (99,032) 174.37%
Internal Services 24,523 30,338 22,754 1,769 7,584 75.00%
TOTAL OPERATING EXPENSES 1,740,219 2,865,803 2,027,022 (286,803) 838,781 70.73%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 1,061,619 3,597,592 3,084,557 2,022,938 (513,035) 85.74%
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY 1,152,126 2,423,743 256,740 895,386 2,167,003 10.59%
TRANSFERS IN ‐ ‐ ‐ ‐ ‐ N/A
TRANSFERS OUT ‐ ‐ ‐ ‐ ‐ N/A
NET TRANSFERS ‐ ‐ ‐ ‐ ‐ N/A
CHANGE IN FUND BALANCE (90,507) 1,173,849 2,827,817 2,918,324 1,653,968 240.90%
BEGINNING FUND BALANCE, Jan 1 6,851,811 6,376,259 6,376,259 (475,552) ‐ 100.00%
ENDING FUND BALANCE, Sep 30 6,761,304$ 7,550,108$ 9,204,076$ 2,442,772$ 1,653,968$ 121.91%
EQUIPMENT RENTAL
VARIANCE
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 35 of 40
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.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Interdepartmental services 2,326,432$ 3,511,775$ 2,383,221$ 56,789$ (1,128,554)$ 67.86%
Interest and other misc 176,289 22,000 223,637 47,348 201,637 1016.53%
TOTAL REVENUES 2,502,721 3,533,775 2,606,858 104,137 (926,917) 73.77%
EXPENSES:
Personnel 670,219 1,411,787 905,961 (235,742) 505,826 64.17%
Supplies 401 6,956 30 371 6,926 0.43%
Contracted Services 1,691,104 2,279,772 2,234,238 (543,134) 45,534 98.00%
TOTAL OPERATING EXPENSES 2,361,724 3,698,515 3,140,229 (778,505) 558,286 84.91%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 140,997 (164,740) (533,371) (674,368) (368,631) N/A
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY ‐ ‐ ‐ ‐ ‐ N/A
Transfers In ‐ ‐ ‐ ‐ ‐ N/A
Transfers Out 4,500,000 ‐ 52,868 4,447,132 (52,868) N/A
NET TRANSFERS (4,500,000) ‐ (52,868) 4,447,132 (52,868) N/A
CHANGE IN FUND BALANCE (4,359,003) (164,740) (586,239) 3,772,764 (421,499) N/A
BEGINNING FUND BALANCE, Jan 1 19,095,508 19,860,208 19,860,208 764,700 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 14,736,505$ 19,695,468$ 19,273,969$ 4,537,464$ (421,499)$ 97.86%
Operating Reserves 16,479,631 17,708,251 17,708,251
AVAILABLE FUND BALANCE (1,743,126)$ 1,987,217$ 1,565,718$
INSURANCE
VARIANCE
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 36 of 40
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.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Licenses and permits 187,471$ 150,000$ 147,064$ (40,407)$ (2,936)$ 98.04%
Interdepartmental services 4,030,021 6,435,901 4,826,925 796,904 (1,608,976) 75.00%
Interest and other misc 31,612 7,000 36,332 4,720 29,332 519.03%
TOTAL REVENUES 4,249,104 6,592,901 5,010,321 761,217 (1,582,580) 76.00%
EXPENSES:
Personnel 2,168,040 3,292,443 2,152,287 15,753 1,140,156 65.37%
Supplies 286,595 757,555 292,931 (6,336) 464,624 38.67%
Contracted Services 1,492,963 2,486,071 1,559,605 (66,642) 926,466 62.73%
Internal Services 1,353 ‐ ‐ 1,353 ‐ N/A
TOTAL OPERATING EXPENSES 3,948,951 6,536,069 4,004,823 (55,872) 2,531,246 61.27%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 300,153 56,832 1,005,498 705,345 948,666 1769.25%
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY 41,144 838,000 118,614 (77,470) 719,386 14.15%
TRANSFERS IN 15,392 21,477 120,203 104,811 98,726 559.68%
NET TRANSFERS 15,392 21,477 120,203 104,811 98,726 559.68%
CHANGE IN FUND BALANCE 274,401 (759,691) 1,007,087 732,686 1,766,778 N/A
BEGINNING FUND BALANCE, Jan 1 4,490,062 3,939,941 3,939,941 (550,121) ‐ 100.00%
ENDING FUND BALANCE, Sep 30 4,764,463$ 3,180,250$ 4,947,028$ 182,565$ 1,766,778$ 155.55%
INFORMATION TECHNOLOGY
VARIANCE
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 37 of 40
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.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental 21,835$ ‐$ ‐$ (21,835)$ ‐$ N/A
Interdepartmental services 3,112,332 5,992,730 4,491,957 1,379,625 (1,500,773) 74.96%
Rents, leases, and misc fees 1 ‐ ‐ (1) ‐ N/A
Interest and other misc 8,266 4,000 1,244 (7,022) (2,756) 31.10%
TOTAL REVENUES 3,142,434 5,996,730 4,493,201 1,350,767 (1,503,529) 74.93%
EXPENSES:
Personnel 2,184,104 3,861,996 2,192,307 (8,203) 1,669,689 56.77%
Supplies 321,244 307,251 345,266 (24,022) (38,015) 112.37%
Contracted Services 992,662 1,870,336 985,977 6,685 884,359 52.72%
Internal Services 51,365 129,486 97,115 (45,750) 32,371 75.00%
TOTAL OPERATING EXPENSES 3,549,375 6,169,069 3,620,665 (71,290) 2,548,404 58.69%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS (406,941) (172,339) 872,536 1,279,477 1,044,875 N/A
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY 5,704 ‐ 40,063 (34,359) (40,063) N/A
Transfers In 8,596 ‐ ‐ (8,596) ‐ N/A
NET TRANSFERS 8,596 ‐ ‐ (8,596) ‐ N/A
CHANGE IN FUND BALANCE (404,049) (172,339) 832,473 1,236,522 1,004,812 N/A
BEGINNING FUND BALANCE, Jan 1 1,220,276 504,167 504,167 (716,109) ‐ 100.00%
ENDING FUND BALANCE, Sep 30 816,227$ 331,828$ 1,336,640$ 520,413$ 1,004,812$ 402.81%
FACILITIES
VARIANCE
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 38 of 40
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.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Interdepartmental services 374,560$ 1,154,732$ 865,574$ 491,014$ (289,158)$ 74.96%
Interest and other misc 4,870 1,000 424 (4,446) (576) 42.40%
TOTAL REVENUES 429,120 1,155,732 865,998 436,878 (289,734) 74.93%
EXPENSES:
Personnel 633,054 810,882 479,772 153,282 331,110 59.17%
Supplies 21,971 55,432 19,665 2,306 35,767 35.48%
Contracted Services 180,501 284,512 115,369 65,132 169,143 40.55%
Internal Services 2,956 2,000 1,500 1,456 500 75.00%
TOTAL OPERATING EXPENSES 838,482 1,152,826 616,306 222,176 536,520 53.46%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS (409,362) 2,906 249,692 659,054 246,786 8592.29%
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY ‐ ‐ ‐ ‐ ‐ N/A
Transfers Out 4,229 ‐ ‐ 4,229 ‐ N/A
NET TRANSFERS (4,229) ‐ ‐ 4,229 ‐ N/A
CHANGE IN FUND BALANCE (413,591) 2,906 249,692 663,283 246,786 8592.29%
BEGINNING FUND BALANCE, Jan 1 803,561 151,624 151,624 (651,937) ‐ 100.00%
ENDING FUND BALANCE, Sep 30 389,970$ 154,530$ 401,316$ 11,346$ 246,786$ 259.70%
COMMUNICATIONS
VARIANCE
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 39 of 40
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.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Premiums 8,611,547$ 12,328,055$ 9,181,575$ 570,028$ (3,146,480)$ 74.48%
Interest and other misc 122,894 149,488 257,196 134,302 107,708 172.05%
TOTAL REVENUES 8,734,441 12,477,543 9,438,771 704,330 (3,038,772) 75.65%
EXPENSES:
Personnel 198,130 315,268 230,702 (32,572) 84,566 73.18%
Medical/Dental Claims 6,794,239 11,699,850 8,388,600 (1,594,361) 3,311,250 71.70%
Supplies 6,881 7,500 844 6,037 6,656 11.25%
Contracted Services 381,306 478,037 338,593 42,713 139,444 70.83%
Internal Services 45,322 80,176 60,132 (14,810) 20,044 75.00%
TOTAL OPERATING EXPENSES 7,425,878 12,580,831 9,018,871 (1,592,993) 3,561,960 71.69%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 1,308,563 (103,288) 419,900 (888,663) 523,188 N/A
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY ‐ ‐ ‐ ‐ ‐ N/A
NET TRANSFERS ‐ ‐ ‐ ‐ ‐ N/A
CHANGE IN FUND BALANCE 1,308,563 (103,288) 419,900 (888,663) 523,188 N/A
BEGINNING FUND BALANCE, Jan 1 5,151,648 5,773,429 5,773,429 621,781 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 6,460,211$ 5,670,141$ 6,193,329$ (266,882)$ 523,188$ 109.23%
Insurance Reserves 3,757,179 3,774,249 3,774,249
AVAILABLE FUND BALANCE 2,703,032$ 1,895,892$ 2,419,080$
HEALTH INSURANCE
VARIANCE
Quarterly Financial Report City of Renton, Washington 3rd Quarter 2021
Page 40 of 40
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.
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.
2020 2021 2021 YTD
YTD ACTUAL ANNUAL BUDGET YTD ACTUAL PRIOR YEAR BUDGET % BUDGET
REVENUES:
Grants / intergovernmental 35,245$ 45,933$ 40,651$ 5,406$ (5,282)$ 88.50%
Premiums 1,218,513 2,640,000 1,968,513 750,000 (671,487) 74.56%
Interest and other misc 104,196 20,000 111,291 7,095 91,291 556.46%
TOTAL REVENUES 1,357,954 2,705,933 2,120,455 762,501 (585,478) 78.36%
EXPENSES:
Personnel 21,515 99,418 69,808 (48,293) 29,610 70.22%
Medical/Dental Claims 779,900 1,233,956 764,505 15,395 469,451 61.96%
Contracted Services 35,925 29,311 54,364 (18,439) (25,053) 185.47%
TOTAL OPERATING EXPENSES 837,340 1,362,685 888,677 (51,337) 474,008 65.22%
AMOUNT AVAILABLE FOR DEBT SERVICE,
CAPITAL, AND TRANSFERS 520,614 1,343,248 1,231,778 711,164 (111,470) 91.70%
TOTAL DEBT SERVICE ‐ ‐ ‐ ‐ ‐ N/A
CAPITAL OUTLAY ‐ ‐ ‐ ‐ ‐ N/A
NET TRANSFERS ‐ ‐ ‐ ‐ ‐ N/A
CHANGE IN FUND BALANCE 520,614 1,343,248 1,231,778 711,164 (111,470) 91.70%
BEGINNING FUND BALANCE, Jan 1 15,799,729 16,541,245 16,541,245 741,516 ‐ 100.00%
ENDING FUND BALANCE, Sep 30 16,320,343$ 17,884,493$ 17,773,023$ 1,452,680$ (111,470)$ 99.38%
Insurance Reserves 16,320,343 17,884,493 17,773,023
AVAILABLE FUND BALANCE ‐$ ‐$ ‐$
RETIREE HEALTHCARE
VARIANCE