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HomeMy WebLinkAbout201707, JulyADMINISTRATIVE SERVICES  DEPARTMENT       M   E   M   O   R   A   N   D   U   M       DATE: October 10, 2017    TO: Armondo Pavone, Council President  Members of the Renton City Council     CC: Denis Law, Mayor  Administrators     FROM: Hai Nguyen, Sr. Finance Analyst     SUBJECT: July 2017 Financial Status Report       At the end of July, general governmental revenues show $4.6M or 7.9% over budget.  Revenue  source(s) that are higher than expected are: property tax ($117K); sales tax ($670K); utility taxes  ($1.2M); franchise fees ($144K); gambling taxes ($434K); business & occupation taxes ($1.8M);  state shared revenues ($237K); public safety ($133K); seizure funds ($160K), restricted to drug  enforcement and not available for general purposes); interest ($137K); and other miscellaneous  ($117K).  If we remove B&O taxes and seizure funds, general governmental revenues are $2.6M  or 4.5% over budget.  On the down side, the revenue source(s) that are underperforming the  year to date budget are building permits & development service fees ($606K below) and  interfund/interdept charges for services (108K below).    General government expenditures showed a favorable variance of $2M or 3.9%.  See page 10 of  report for further expenditure over‐spent explanations.    The attached report provides more detailed discussion of each revenue source and our updated  projections for the year.  Please do not hesitate to contact me at x6952 should you have any  questions or any suggestions about the report.         This page is intentionally left blank        General Governmental Funds $% Beginning Fund Balance 17,565,282$    17,565,282$ 19,962,845$     19,962,845$  26,563,785$   26,563,785$ 26,563,785$   ‐                  0.0% OPERATING REVENUES Property Tax 36,369,429      19,270,155   37,038,480        19,591,281    24,103,395     12,760,104   12,876,968    116,864         0.9% Sales  Tax 23,439,266      12,965,630   26,353,246        14,588,197    25,700,400     14,406,989   15,077,171    670,183         4.7% Sales  Tax  ‐ Annexation Credit 2,778,858        1,537,488      3,114,762          1,728,882      3,063,280        1,697,735     1,787,122       89,387           5.3% Criminal Justice Sales  Tax 2,484,718        1,375,384      2,701,787          1,514,910      2,679,898        1,493,432     1,563,288       69,856           4.7% Natural  Gas  Use Tax 228,899            164,540         184,638             132,033          228,000           163,040         115,435          (47,605)          ‐29.2% Admission  Tax 309,790            234,588         262,506             201,603          320,000           243,897         175,220          (68,677)          ‐28.2% Franchise Fees 1,349,154        1,009,218      1,406,092          1,047,459      1,330,000        992,790         1,137,272       144,482         14.6% Electricity Tax 5,012,962        2,825,401      5,440,139          3,286,831      5,396,019        3,155,209     3,464,919       309,710         9.8% Natural  Gas  Utility Tax 1,437,552        1,001,485      1,327,937          932,161          1,350,900        944,557         1,178,692       234,134         24.8% Garbage/Solid Waste 638,073            346,373         717,148             399,216          680,000           374,110         356,201          (17,908)           ‐4.8% TV Cable 1,591,866        905,533         1,619,364          914,541          1,645,659        932,734         940,824          8,090              0.9% Telephone 880,233            526,776         859,868             511,087          714,875           426,379         564,873          138,495         32.5% Cellular Phone 1,674,355        964,725         1,541,204          947,235          1,521,056        904,415         940,094          35,679           3.9% City Utilities 4,183,165        2,451,380      4,206,473          2,408,536      3,941,628        2,283,290     2,847,704       564,414         24.7% Utility Tax Audit 1,962,092        1,446,078      111,227             111,227           ‐                    ‐                  ‐                   ‐                  0.0% Leasehold Excise Tax 163,314            84,782           173,769             87,456            179,000           91,462           88,358            (3,105)            ‐3.4% Gambling Excise Tax 2,299,156        1,271,410      2,500,604          1,367,844      2,000,000        1,099,744     1,533,322       433,578         39.4% Real  Estate Excise Tax 4,595,166        2,602,732      6,121,830          3,470,703      4,420,000        2,566,642     4,184,639       1,617,996      63.0% Less: CIP REET (1,401,300)       (650,683)        (2,707,676)         (1,735,351)     (4,420,000)      (2,566,642)    (4,184,639)     (1,617,996)    63.0% EMS Levy 936,406            234,102         479,597             479,597          ‐                    ‐                  ‐                   ‐                  0.0% B&O Taxes ‐                     ‐                  6,375,322          5,289,180      6,800,000        4,760,000     7,345,843       2,585,843      54.3% Less: CIP B&O Taxes ‐                     ‐                  (2,000,000)         (2,000,000)     (2,473,974)      (1,731,782)    (2,473,974)     (742,192)        42.9% Business License Fees 3,125,740        2,188,980      1,926,510          1,460,529      1,302,453        936,626         978,068          41,442           4.4% Less: CIP Business License Fees (2,584,164)       (1,811,112)    (1,587,627)         (1,209,063)     (617,016)          (446,690)       (431,193)         15,497           ‐3.5% Animal  Licenses  and Spec Events  Permits 101,743            64,170           102,905             61,866            92,575             57,954           97,159            39,205           67.6% Building Permits  & Development Svc Fees 6,077,055        3,653,786      5,293,563          3,270,705      5,735,368        3,487,109     2,880,611       (606,497)        ‐17.4% Intergovt'l  (Grants, State Shared, etc) 4,053,617        2,233,580      3,998,953          2,361,003      4,639,252        2,107,996     2,267,687       159,692         7.6% Fire District 25 and 40 Contracts 6,369,132        3,105,766      3,517,779          3,353,423      341,939           170,969         170,969           ‐                  0.0% Public Safety 649,797            436,585         994,179             575,496          613,081           377,603         510,274          132,671         35.1% Culture and Recreation 1,587,878        995,551         1,632,903          1,022,095      1,750,923        1,096,859     1,051,172       (45,687)          ‐4.2% Interfund/Interdept‐Services 3,106,430        1,843,723      3,377,663          1,933,634      4,178,976        2,437,736     2,329,831       (107,904)        ‐4.4% Fines  and Penalties 848,052            455,490         901,592             433,790          824,450           427,731         418,902          (8,828)            ‐2.1% Photo Enforcement 2,171,184        1,151,572      1,959,071          1,132,954      2,044,000        1,130,577     1,167,915       37,338           3.3% Seizure Funds  ‐ Federal/State/Local 21,676              6,444              987,293             663,143          ‐                    ‐                  159,974          159,974         100.0% Interests and Other Earnings 973,208            401,205         1,058,880          413,380          875,300           350,874         488,225          137,351         39.1% Rents, Leases, and Concessions 762,361            516,109         642,192             416,116          623,195           413,625         419,315          5,690              1.4% Contributions  and Donations 147,292            79,984           96,582                66,173            130,500           78,211           98,558            20,348           26.0% Other Miscellaneous 941,127            566,036         956,131             517,172          691,812           388,934         505,446          116,512         30.0% Other Financing Sources  (Transfer‐In, etc 270,224            (13,683,697)  2,129,561          6,075              171,196           97,726           97,726            ‐                  0.0% Total Operating Revenues 119,555,505    66,463,072   125,816,444     71,753,118    102,578,140   58,111,943   62,729,973    4,618,030      7.9% OPERATING EXPENDITURES Council 320,877            191,473         358,550             214,274          368,211           219,892         216,595          3,297              1.5% Executive 1,691,189        814,282         1,778,206          1,019,792      1,957,671        1,122,714     1,110,100       12,614           1.1% Emergency Management*398,808            218,700         370,832             196,999          609,249           329,069         314,737          14,331           4.4% City Attorney 1,791,167        1,062,566      1,983,834          1,173,342      2,163,329        1,281,325     1,211,095       70,230           5.5% Court Services 2,013,364        1,162,369      2,075,763          1,191,366      2,220,656        1,278,228     1,252,041       26,187           2.0% Community and Eco Dvlpmnt Admin 1,183,052        735,445         1,161,330          671,572          1,337,991        803,016         781,490          21,526           2.7% Development Services 2,632,264        1,514,993      2,859,410          1,606,944      3,404,464        1,935,388     1,806,056       129,332         6.7% Economic Development 658,515            375,085         1,004,411          563,033          1,847,888        1,042,462     490,157          552,306         53.0% Planning 2,606,551        1,537,578      2,716,214          1,553,419      3,222,077        1,871,101     1,570,361       300,739         16.1% Finance 3,132,812        1,427,769      3,046,824          1,550,596      3,362,369        1,620,542     1,565,684       54,858           3.4% City Clerk 1,027,084        472,059         914,251             541,066          1,239,455        646,835         680,117          (33,281)          ‐5.1% Human Resources 1,182,629        659,471         1,193,016          675,537          1,359,317        763,876         699,070          64,806           8.5% Police 28,144,699      16,284,443   28,891,879        16,554,469    31,280,337     18,009,710   17,951,276    58,434           0.3% Jail  Services 4,142,266        2,417,882      4,704,978          2,744,498      4,850,000        2,803,574     2,803,574        ‐                  0.0% Fire* 26,138,192      15,388,569   25,349,755        19,454,040     ‐                    ‐                  ‐                   ‐                  0.0% Community Services Admin 508,766            289,892         585,983             325,143          505,154           283,798         294,560          (10,763)          ‐3.8% Parks 4,411,383        2,473,410      4,445,115          2,449,585      5,179,955        2,879,343     2,568,387       310,956         10.8% Parks Planning & Natural  Resources 808,558            418,287         952,980             460,928          1,271,569        634,663         554,297          80,366           12.7% Recreation 5,088,483        2,821,618      5,096,236          2,839,821      5,714,855        3,176,750     2,894,508       282,242         8.9% Human Services 1,225,835        685,824         1,241,169          613,350          1,419,333        747,449         754,865          (7,416)            ‐1.0% Neighborhoods, Resources, & Events 958,624            520,522         865,551             482,399          1,225,894        673,990         526,036          147,954         22.0% Museum 227,094            131,778         229,543             131,860          236,275           136,413         135,354          1,059              0.8% Public Works Admin 387,493            225,570         398,796             234,053          406,398           237,559         237,592          (33)                  0.0% Street Maintenance 5,061,723        2,920,408      5,041,509          2,917,165      5,636,437        3,256,692     3,319,755       (63,063)          ‐1.9% Transportation 4,975,059        2,724,715      5,966,281          2,988,891      5,669,897        2,960,840     2,953,908       6,932              0.2% Debt Service 6,371,715        1,072,897      6,099,166          1,191,679      6,066,629        1,111,163     1,111,163       ‐                  0.0% Non‐Departmental  and Other 10,069,740      5,791,355      9,883,923          2,860,383      16,795,551     1,892,140     1,892,140       ‐                  0.0% Total Operating Expenditures 117,157,942    64,338,959   119,215,504     67,206,203    109,350,963   51,718,532   49,694,920    2,023,612      3.9% Total Ending Fund Balance 19,962,845$    19,689,395$ 26,563,785$     24,509,761$  19,790,962$   32,957,196$ 39,598,838$  6,641,642$   20.2% *Emergency Management was  moved  to  Executive due to formation of RRFA Summary of Sources and Uses Annual Actual YTD Actual Favorable (Unfavorable) 2015 2016 2017 Variance Annual Actual YTD Actual Annual Budget YTD Budget YTD Actual Monthly Financial Report July 2017 Page 1 of 37 Monthly Financial Report July 2017        OVERVIEW  This financial overview reflects the City’s overall financial position for the fiscal year through July 31, 2017.  Except as noted,  year‐to‐date budgeted revenues and operating expenditures are generally based on the collection/disbursement patterns for  the same period of the preceding two years.  The table on the previous page summarizes the general governmental fund  revenues and expenditures.    Revenues    Taxes   The combined collection of property, sales/use, utility, gambling, admissions, and real estate excise taxes represents 76% of  all resources supporting general governmental activities.   The following section provides detail information on property,  sales, utility, and other taxes.    Property Tax  July’s collection is $70K, making  the total year‐to‐date collection  $12.9M or 53.4% of the total  budget.  In comparison to the  previous year, the City collected  $6.7M or 34% less.  Compared to  the budget, the City collected  $117K or 1% more.  The large  variance with the prior year is  due to the formation of the  Renton Regional Fire Authority.                  Sales Tax  July 2017 sales tax receipts  totaled $2.2M.  Compared with  the same month last year, it is  $133K or 6% more.  Compared to  the projected current month’s  budget, it is $219K or 11% above.    The year‐to‐date collection of  $15.1M is $489K or 3% more than  the prior year and is also $670K  or 5% more than budgeted.   Auto, Retail, Wholesale, Service,  and Other are the sectors that  are collecting more than  anticipated.  2017’s monthly  budgets are generally based on  2011 through 2016 collections.  2016 2017 2017 Actual Budget Actual $ % $ % Jan 44,745$         36,768$         55,429$         10,684$         24% 18,661$         51% Feb 315,119         204,274         195,332         (119,788)         ‐38% (8,942)             ‐4% Mar 1,273,685      726,604         902,965         (370,721)         ‐29% 176,361         24% Apr 7,856,230      5,915,645      7,035,332      (820,898)         ‐10% 1,119,687      19% May 9,906,533      5,742,951      4,489,476      (5,417,057)    ‐55% (1,253,475)    ‐22% Jun 137,794         93,616           128,834         (8,960)             ‐7% 35,218           38% Jul 57,174           40,245           69,600           12,426           22% 29,355           73% Aug 240,536         110,113          Sep 558,716         367,830          Oct 6,233,910      4,103,547       Nov 10,268,791   6,647,038       Dec 145,246         114,763          YTD Total 19,591,281$ 12,760,104$ 12,876,968$ (6,714,313)$  ‐34% 116,864$       1% Annual  Total 37,038,480$ 24,103,395$  Property Tax  Revenues Year  to Date through July 2017 vs. 2016 2017 vs. Budget Month 2016 2017 2017 Actual Budget Actual $ % $ % Jan 1,978,530$   2,031,194$   2,092,821$   114,291$       6% 61,627$         3% Feb 2,320,497      2,422,103      2,473,715      153,218         7% 51,612           2% Mar 1,854,773      1,886,175      1,945,278      90,505           5% 59,103           3% Apr 1,888,875      1,881,780      1,871,345      (17,530)           ‐1% (10,435)           ‐1% May 2,314,220      2,200,305      2,381,981      67,761           3% 181,675         8% Jun 2,127,406      1,967,578      2,075,555      (51,851)           ‐2% 107,977         5% Jul 2,103,896      2,017,854      2,236,477      132,581         6% 218,623         11% Aug 2,438,277      2,274,282       ‐                   Sep 2,179,438      2,171,299      ‐                   Oct 2,410,824      2,262,292      ‐                   Nov 2,532,820      2,367,730      ‐                   Dec 2,203,689      2,217,808      ‐                   YTD Total 14,588,197$ 14,406,989$ 15,077,171$ 488,975$       3% 670,183$       5% Annual  Total 26,353,246$ 25,700,400$  2017 vs. Budget2017 vs. 2016 Month Year  to Date through July Local  Retail  Sales  Tax  Revenues Page 2 of 37 Monthly Financial Report July 2017      The following table breaks out the City’s base sales tax (excluding Criminal Justice and Annexation Credit) by major business  sectors:                          Utility tax   July utility tax revenues are  $1.5M, which is $262K or 21%  higher than the same month last  year and is also higher than the  budget by $304K or 25%.  The  year‐to‐date collection is  $10.4M, which is $766K or 8%  higher than the prior year and is  also $1.2M or 13% higher than  the budget.  The large January  variance with the budget is due  to lower 2015 activity for  Electricity and the timing of when  2015 Cell/Garbage taxes were  recorded.  The April variance is  due to collecting higher than  expected Electrical/Natural Gas  and a correction to City Utilities.  The monthly budgets are based on 2015/2016 activity.      The table below breaks out Utility Tax by source.          Sales  Tax  by Sector 2016 2017 Bgt YTD  Act Change 2017/2016 2017 Act  vs  Bgt New Construction 2,351,822$     2,354,134$     2,413,711$     61,889$             3% $           59,577 3% Auto  Sales 2,791,024        2,663,742        2,777,927        (13,097)              0%            114,185 4% General  Retail 4,182,666        4,151,156        4,384,543        201,877             5%            233,386 6% Manufacturing 1,023,797        903,315            889,563            (134,234)            ‐13%             (13,752)‐2% Wholesale 706,355            773,464            844,538            138,183             20%               71,074 9% Service 3,192,103        3,200,434        3,311,024        118,921             4%            110,591 3% Other 340,431            360,743            455,866            115,434             34%               95,123 26% YTD  Total 14,588,197$  14,406,989$  15,077,171$  488,975$          3%670,183$        5% Note: Excludes  Annexation  Credit and Criminal Justice Sales  Tax  revenue. 2016 2017 2017 Actual Budget Actual $ % $ % Jan 1,509,960$   1,277,138$   1,698,721$   188,761$       13% 421,584$       33% Feb 1,597,348      1,458,074      1,360,589      (236,759)         ‐15% (97,485)           ‐7% Mar 1,423,774      1,462,603      1,197,548      (226,226)         ‐16% (265,055)         ‐18% Apr 1,346,282      1,289,233      1,797,449      451,168         34% 508,217         39% May 1,363,323      1,284,502      1,464,438      101,115         7% 179,936         14% Jun 1,125,845      1,177,807      1,351,607      225,762         20% 173,800         15% Jul 1,276,335      1,234,377      1,538,390      262,054         21% 304,012         25% Aug 1,247,926      1,269,789       Sep 1,277,502      1,227,003       Oct 1,351,888      1,252,150       Nov 1,128,100      1,206,958       Dec 1,359,717      1,338,504       YTD Total 9,642,866$   9,183,733$   10,408,741$ 765,875$       8% 1,225,008$   13% Annual  Total 16,007,999$ 15,478,137$  2017 vs. Budget2017 vs. 2016 Year  to Date through July Utility Tax Revenues Month Utility Tax by Type 2016 2017 Bgt YTD Act Change 2017/2016  2017 Act vs  Bgt  Electrical 3,286,831$   3,155,209$   3,464,919$   178,088$       5% $      309,710 10% Natural  Gas 1,064,193      1,107,597      1,294,127      229,933          22%         186,530 17% Cell 947,235         904,415         940,094         (7,142)              ‐1%           35,679 4% Phone 511,087         426,379         564,873         53,787            11%         138,495 32% Cable 914,541         932,734         940,824         26,282            3%              8,090 1% Garbage/Solid  Waste 399,216         374,110         356,201         (43,015)            ‐11%          (17,908)‐5% City Utilities 2,408,536      2,283,290      2,847,704      439,168          18%         564,414 25% Utility Tax  Audit 111,227          ‐                        ‐                       (111,227)        0%                       ‐ N/A YTD Total 9,642,866$   9,183,733$   10,408,741$ 765,875$       8%1,225,008$   13% Annual  Total 16,007,999$ 15,478,137$  YTD as % of 60% 59% Page 3 of 37 Monthly Financial Report July 2017      Other Taxes     Real Estate Excise Tax  The City collected $591K in Real  Estate Excise Tax revenues (REET)  for July.  This is $53K or 8% less  than the same month last year  and is also $93K or 19% more  than the current month’s budget.   The year‐to‐date collection is  $4.2M, which is $714k or 21%  more than the prior year and is  also $1.6M or 63% above the  budget.  The higher than  expected variance is due to 19  large transactions in December,  January, February, March, April,  May, and June which accounts  for $1.4M of the total REET  collected.    Gambling Tax  July’s Gambling Tax collections  totaled $230K, which is $36k or  19% above the same month last  year and is also above the current  month’s budget by $68K or 42%.   The year‐to‐date total of $1.5M is  $165K or 12% above the prior  year and is also $434K or 39%  above budget.                    Franchise Fees  Franchise Fees are due quarterly  in January, April, July, and  October.  The year‐to‐date total  of $1.1M is $90K or 9% higher  than the prior year and is also  $144K or 15% above the  projected year‐to‐date budget.   2016 2017 2017 Actual Budget Actual $ % $ % Jan 1,204,479$   708,703$       1,028,456$   (176,023)$      ‐15% 319,752$       45% Feb 197,327         148,787         337,024         139,698         71% 188,237         127% Mar 208,452         204,512         708,868         500,416         240% 504,357         247% Apr 335,985         298,627         385,517         49,532           15% 86,890           29% May 475,244         361,568         386,087         (89,156)           ‐19% 24,519           7% Jun 405,179         346,520         747,549         342,371         84% 401,030         116% Jul 644,038         497,925         591,137         (52,901)           ‐8% 93,212           19% Aug 759,583         484,354          Sep 522,472         401,943          Oct 559,552         434,871          Nov 502,139         266,351          Dec 307,382         265,838          YTD Total 3,470,703$   2,566,642$   4,184,639$   713,936$       21% 1,617,996$   63% Annual  Total 6,121,830$   4,420,000$    *For 2017, REET is only in CIP Real  Estate Excise Tax  (REET) Revenues* Year  to Date through  July Month 2017 vs. Budget2017 vs. 2016 2016 2017 2017 Actual Budget Actual $ % $ % Jan 189,749$       145,025$       220,536$       30,786$         16% 75,511$         52% Feb 207,961         163,404         200,622         (7,339)             ‐4% 37,218           23% Mar 195,255         151,889         180,839         (14,416)           ‐7% 28,949           19% Apr 197,286         168,730         219,422         22,136           11% 50,692           30% May 198,234         158,893         248,673         50,439           25% 89,780           57% Jun 185,042         149,623         232,889         47,846           26% 83,265           56% Jul 194,317         162,180         230,342         36,025           19% 68,162           42% Aug 322,828         229,017          ‐                   Sep 202,409         159,756          ‐                   Oct 242,254         190,582          ‐                   Nov 183,345         165,084         ‐                   Dec 181,924         155,817         ‐                   YTD Total 1,367,844$   1,099,744$   1,533,322$   165,478$       12% 433,578$       39% Annual  Total 2,500,604$   2,000,000$    Gambling Tax  Revenue Month Year  to Date through  July 2017 vs. Budget2017 vs. 2016 2016 2017 2017 Actual Budget Actual $ % $ % Jan 348,118$       328,952$       380,870$       32,752$         9% 51,918$         16% Feb ‐                  ‐                  6,300              6,300              100% 6,300              100% Mar ‐                  ‐                  9,100              9,100              100% 9,100              100% Apr 355,430         333,387         369,626         14,196           4% 36,240           11% May ‐                  ‐                  7,688              7,688              100% 7,688              100% Jun ‐                  ‐                  21,325           21,325           100% 21,325           100% Jul 343,910         330,451         342,363         (1,547)            0% 11,912           4% Sep 5,000              2,414              ‐                   Oct 348,783         332,455         ‐                   Dec 4,850              2,341              ‐                   YTD Total 1,047,459$   992,790$       1,137,272$   89,813$         9% 144,482$       15% Annual  Total 1,406,092$   1,330,000$    Month 2017 vs. 2016 2017 vs. Budget Franchise Fees  Revenue Year  to Date through  July Page 4 of 37 Monthly Financial Report July 2017      Admission Tax   Admission Tax returns are due  quarterly in January, April, July,  and October of each year.  July  2017 collections represent  activities conducted during the  2nd quarter of 2017.  The year‐to‐ date collection of $175K is $26K  or 13% less than the prior year  and is also $69K or 28% less than  the budget.            Business & Occupation Tax  Business and Occupation (B&O)  Tax is a new revenue source for  the City in 2016.  It was adopted  by the Council in the 2015/2016  biennial budget.  Businesses with  gross receipts of $1.5M or more  per year, earned within the City  of Renton, will be required to file  and pay B&O tax, in lieu of the  Per Employee Fee, which is  currently reported as Business  License revenue.  Year‐to‐date  receipts totaled $7.3M.  The  monthly budgets are based on  large business quarterly  reporting with smaller business  annual reporting.      Licenses and Permits    Business Licenses  Business Licenses totaled $218K  for July, which is $31K or 12%  below the same month last year  and is also $11K or 5% below the  current month’s budget.  The  year‐to‐date Business Licenses  revenue of $978K is $482K or  33% below the prior year but is  above the budget by $41K or 4%.   The variance with the prior year  is due the City adopting the  Business & Occupation Tax for  2016 (January 2016 represents  2015 4th quarter activity).     2016 2017 2017 Actual Budget Actual $ % $ % Jan 76,393$         89,502$         60,741$         (15,652)$         ‐20% (28,762)$         ‐32% Feb 1,360              1,527              2,788              1,429              105% 1,261              83% Mar ‐                  59                   ‐                   Apr 63,088           71,681           58,566           (4,522)             ‐7% (13,115)           ‐18% May ‐                  852                 1,279              1,279              100% 427                 50% Jun ‐                  ‐                  785                 785                 100% 785                 100% Jul 60,763           80,276           51,061           (9,701)             ‐16% (29,214)           ‐36% Sep 518                 289                 ‐                   Oct 58,934           74,983           ‐                   Nov 1,452              831                 ‐                   YTD Total 201,603$       243,897$       175,220$       (26,383)$         ‐13% (68,617)$         ‐28% Annual  Total 262,506$       320,000$        2017 vs. Budget Admission Tax  Revenue Year  to Date through July Month 2017 vs. 2016 2016 2017 2017 Actual Budget Actual $ % $ % Jan ‐$                    1,360,000$   432,319$       432,319$       100% (927,681)$      ‐68% Feb ‐                  170,000         794,093         794,093         100% 624,093         367% Mar ‐                  170,000         13,228           13,228           100% (156,772)         ‐92% Apr 4,578,349      1,360,000      4,626,880      48,531           1% 3,266,880      240% May 304,032         170,000         316,791         12,759           4% 146,791         86% Jun 30,591           170,000         23,491           (7,100)             ‐23% (146,509)         ‐86% Jul 376,209         1,360,000      1,139,041      762,832         203% (220,959)         ‐16% Aug 334,807         170,000          ‐                   Sep 10,779           170,000         ‐                   Oct 603,622         1,360,000      ‐                   Nov 136,933         170,000         ‐                   Dec ‐                  170,000         ‐                   YTD Total 5,289,180$   4,760,000$   7,345,843$   2,056,663$   39% 2,585,843$   54% Annual  Total 6,375,322$   6,800,000$    *Total Business & Occupation Taxes (GF & CIP) Business & Occupation Taxes* Year  to Date through July Month 2017 vs. 2016 2017 vs. Budget 2016 2017 2017 Actual Budget Actual $ % $ % Jan 559,894$       294,472         229,270$       (330,624)$      ‐59% (65,202)$         ‐22% Feb 275,059         127,682         157,504         (117,555)         ‐43% 29,822           23% Mar 31,642           14,759           53,131           21,490           68% 38,373           260% Apr 207,099         184,956         157,983         (49,116)           ‐24% (26,973)           ‐15% May 111,131         72,269           126,086         14,955           13% 53,817           74% Jun 26,936           13,489           36,375           9,439              35% 22,886           170% Jul 248,769         228,999         217,718         (31,050)           ‐12% (11,281)           ‐5% Aug 121,095         65,678            ‐                   Sep 22,190           13,573           ‐                   Oct 218,271         222,326         ‐                   Nov 91,870           56,325           ‐                   Dec 12,555           7,925              ‐                   YTD Total 1,460,529$   936,626$       978,068$       (482,462)$     ‐33% 41,442$         4% Annual  Total 1,926,510$   1,302,453$    *Total Business License (GF & CIP) 2017 vs. 2016 Year  to  Date through  July 2017 vs. Budget Business Licenses* Month Page 5 of 37 Monthly Financial Report July 2017      Building Permits and  Development Service Fees  Building Permits and  Development Service Fee  revenues totaled $265K in July.   The year‐to‐date revenues of  $2.9M is $390K or 12% less than  the year before and is also $606K  or 17% lower than budget.  The  large variances in  January/February 2016 is due to  large payments for building  permits and plan review  (Southport Developer and Group  Health).  The large variance in  May 2017 is due to large  payments for building permits  (Renton School District and Valley Medical Center).  The large variance in July 2016 is due to a large payment from Group  Health.      Intergovernmental  These revenue sources  include federal (direct  and indirect) grants,  state grants, state  shared revenues, local  grants, and  entitlements.  State  shared revenues 92% of  the total revenues in  this category.  The year‐ to‐date total  Intergovernmental revenue is $4M or 52% of the budget.       State Shared  Revenues  State Shared  Revenue collections  totaled $3.5M since  the start of the year.   Compared to the  prior year, State  Shared Revenues are  above by $80K or 2%.   Compared to the  projected budget,  the City is collecting  $237K or 7% more.   The higher than  expected collection is  due to collecting more than anticipated Criminal Justice’s Sales Tax, Criminal Justice’s High Crime, Marijuana Enforcement,  Liquor Excise Tax, and Fuel Tax.     2016 2017 2017 Actual Budget Actual $ % $ % Jan 661,363$       481,500$       399,548$       (261,815)$     ‐40% (81,952)$         ‐17% Feb 413,420         379,615         277,296         (136,124)         ‐33% (102,319)         ‐27% Mar 583,658         440,847         503,290         (80,368)           ‐14% 62,443           14% Apr 336,108         484,673         265,749         (70,360)           ‐21% (218,925)         ‐45% May 376,324         310,348         558,773         182,449         48% 248,425         80% Jun 437,619         698,400         611,441         173,822         40% (86,959)           ‐12% Jul 462,211         691,725         264,515         (197,696)         ‐43% (427,210)         ‐62% Aug 397,578         438,730          Sep 380,480         498,572          Oct 479,048         478,350          Nov 297,449         359,940          Dec 468,303         472,668          YTD Total 3,270,705$   3,487,109$   2,880,611$   (390,093)$     ‐12% (606,497)$     ‐17% Annual  Total 5,293,563$   5,735,368$    Year  to Date through  July 2017 vs. Budget2017 vs. 2016 Month Building Permits  and Development Service Fees Intergovernmental 2016 2017 Bgt YTD Act Change 2017/2016  2017 Act vs  Bgt  Fire District #25 698,123$        ‐$                     ‐$                    (698,123)$      0% $                   ‐ N/A Fire District #40 2,655,300      170,969         170,969         (2,484,330)      ‐94%‐                     0% State Shared Revenue 3,433,059      3,275,988      3,513,017      79,958            2% 237,029       7% Federal  Grants 241,372         73,397           73,397           (167,975)         ‐70%‐                     0% State Grants 39,421           29,932           29,932           (9,489)              ‐24%‐                     0% Other Grants/Intgovt 641,657         222,110         214,629         (427,028)         ‐67% (7,481)            ‐3% ARRA Grants ‐                        ‐                        ‐                        ‐                       N/A ‐                     N/A Total  Rev YTD 7,708,932$   3,772,397$   4,001,945$   (3,706,987)$   ‐48%229,548$      6% Total  Rev Annual 10,698,115$ 7,661,089$    YTD % 72% 49% 52% Note:  Includes  CJ Sales  Tax  and FD25 & FD40 contracts 2016 2017 2017 Actual Budget Actual $ % $ % Crim Just Sales  Tax 1,514,910$   1,493,432$   1,563,288$   48,378$         3% 69,856$         5% Judicial  Contribution 12,200           ‐                  5,570              (6,630)             ‐54% 5,570              100% Crim Just ‐ High Crime 226,089         156,101         204,154         (21,934)           ‐10% 48,053           31% Crim Just ‐ Pop 20,178           18,127           21,331           1,153              6% 3,203              18% Crim Just ‐ Spec  Prog 73,638           67,283           77,480           3,843              5% 10,197           15% State DUI 11,527           12,835           11,541           14                   0% (1,294)             ‐10% Marijuana  Enforcement 5,854              ‐                  23,772           17,918           306% 23,772           100% Liquor  Profits 424,476         425,210         427,768         3,292              1% 2,558              1% Liquor  Excise Tax 338,846         303,675         356,200         17,354           5% 52,525           17% Fuel  Tax 805,341         799,324         821,912         16,571           2% 22,588           3% YTD Total 3,433,059$   3,275,988$   3,513,017$   79,958$         2% 237,029$       7% Annual  Total 5,933,890$   5,805,528$    State Shared Revenues 2017 vs. 2016 Revenue Year  to Date through July 2017 vs. Budget Page 6 of 37 Monthly Financial Report July 2017      Charges for Services   These revenue sources consist of general government, public safety, plan review and inspection, culture and recreation, and  interfund/interdepartmental sales and services.  Recreation and interfund/interdepartmental sales and services constitute  67% of the total revenue in this category.  The year‐to‐date total charges for services are $5.1M or 58% of the budget.  The  following sections provide detail information for Public Safety, Recreation, and Interfund Services.      Public Safety Services  Public Safety Services totaled  $510K since the start of the year.   These services include private  security, adult probation  services, monitoring of prisoners,  and intergovernmental public  safety services (non‐grants).   Compared to the prior year, the  City is collecting $65K or 11%  less.  Compared to the year‐to‐ date budget, the City is over  budget by $133K or 35%.  The  variance with the prior year is  due to collecting large  payments/reimbursements for  electronic home detention and  School Resource Officer  programs.      Recreation  Recreation revenues totaled  $482K for the current month.   Compared to the same month  the prior year, the City collected  $157K or 48% more.  Compared  to the projected monthly budget,  the City collected $73K or 18%  more.  The year‐to‐date  collection of $1.1M is $29K or 3%  higher than the year before but is  $46K or 4% lower than the year‐ to‐date budget.           2016 2017 2017 Actual Budget Actual $ % $ % Jan 104,644$       60,800$         64,424$         (40,221)$         ‐38% 3,624$           6% Feb 99,623           52,862           68,705           (30,918)           ‐31% 15,844           30% Mar 58,031           44,909           148,707         90,676           156% 103,798         231% Apr 51,002           73,680           61,399           10,397           20% (12,280)           ‐17% May 48,201           38,573           63,815           15,615           32% 25,242           65% Jun 179,089         79,037           43,374           (135,715)         ‐76% (35,664)           ‐45% Jul 34,906           27,743           59,850           24,944           71% 32,108           116% Aug 44,439           38,564           ‐                   Sep 67,570           33,790           ‐                   Oct 160,438         72,212           ‐                   Nov 67,763           42,537           ‐                   Dec 78,473           48,375           ‐                   YTD Total 575,496$       377,603$       510,274$       (65,222)$         ‐11% 132,671$       35% Annual  Total 994,179$       613,081$        2017 vs. Budget Month 2017 vs. 2016 Year  to Date through July Public Safety Services 2016 2017 2017 Actual Budget Actual $ % $ % Jan 163,783$       152,710$       152,350$       (11,433)$         ‐7% (360)$             0% Feb 48,009           42,505           38,452           (9,558)             ‐20% (4,053)             ‐10% Mar 60,615           52,493           65,420           4,805              8% 12,927           25% Apr 112,627         110,918         74,806           (37,821)           ‐34% (36,112)           ‐33% May 72,246           74,076           84,381           12,135           17% 10,305           14% Jun 239,771         254,264         153,304         (86,467)           ‐36% (100,960)         ‐40% Jul 325,043         409,892         482,458         157,415         48% 72,566           18% Aug 349,650         360,345         ‐                   Sep 107,652         123,607         ‐                   Oct 45,706           55,007           ‐                   Nov 68,324           70,632           ‐                   Dec 39,475           44,472           ‐                   YTD Total 1,022,095$   1,096,859$   1,051,172$   29,076$         3% (45,687)$         ‐4% Annual  Total 1,632,903$   1,750,923$    2017 vs. Budget2017 vs. 2016 Month Recreation Year  to  Date through July Page 7 of 37 Monthly Financial Report July 2017      Interfund Services  The year‐to‐date collections for  Interfund Services revenues are  $2.3M.  Compared to the prior  year, the revenues are over by  $396K or 20%.  Compared to the  projected budget, the revenues  are below by $108K or 4%.   2017’s monthly budgets are  based on 1/12th of the annual  budget.  The majority of these  revenues are related to indirect  cost allocations, which are  internal administrative costs.   The remaining costs consist of  Development Services division’s  inspection fees, Parks Planning  and Natural Resources division’s capital investment program reimbursements, Transportation division’s capital investment  program reimbursements, and Maintenance division’s street maintenance reimbursements.      Fines and Penalties  These revenue sources contain  civil (penalties, infractions, and  parking), criminal (traffic, non‐ traffic, and costs), and non‐court  fines, forfeitures, and penalties.   The table below breaks down  these fines by type.  The year‐to‐ date total fines and penalties is  $1.6M.  This is $20K or 1% higher  than a year ago and $29K or 2%  higher than the budget.                2016 2017 2017 Actual Budget Actual $ % $ % Jan 272,841$       348,248$       330,774$       57,933$         21% (17,474)$         ‐5% Feb 286,748         348,248         319,851         33,103           12% (28,397)          ‐8% Mar 305,054         348,248         377,192         72,138           24% 28,944           8% Apr 276,238         348,248         332,180         55,942           20% (16,068)          ‐5% May 272,641         348,248         332,543         59,902           22% (15,705)          ‐5% Jun 260,223         348,248         322,435         62,212           24% (25,813)          ‐7% Jul 259,888         348,248         314,856         54,968           21% (33,392)           ‐10% Aug 273,851         348,248         ‐                   Sep 286,057         348,248         ‐                   Oct 277,517         348,248         ‐                   Nov 295,584         348,248         ‐                   Dec 311,019         348,248         ‐                   YTD Total 1,933,634$   2,437,736$   2,329,831$   396,197$       20% (107,904)$     ‐4% Annual  Total 3,377,663$   4,178,976$    2017 vs. Budget Month Interfund Services Year  to Date through July 2017 vs. 2016 2016 2017 2017 Actual Budget Actual $ % $ % Jan 136,421$       126,199$       134,957$       (1,464)$           ‐1% 8,758$           7% Feb 217,667         213,156         217,056         (611)                0% 3,900              2% Mar 263,648         264,385         212,186         (51,462)           ‐20% (52,199)           ‐20% Apr 250,873         242,171         242,816         (8,056)             ‐3% 645                 0% May 214,613         231,927         229,877         15,263           7% (2,050)             ‐1% Jun 261,254         261,299         302,666         41,411           16% 41,367           16% Jul 222,267         219,171         247,260         24,993           11% 28,089           13% Aug 274,964         252,324          Sep 200,986         232,621          Oct 238,517         243,770          Nov 273,338         270,941          Dec 306,114         310,486          YTD Total 1,566,744$   1,558,308$   1,586,818$   20,074$         1% 28,510$         2% Annual  Total 2,860,662$   2,868,450$    Month 2017 vs. Budget2017 vs. 2016 Year  to Date through July Fines  and Penalties  by Month Year  to Date through July 2016 2017 2017 Actual Budget Actual $ % $ % Civil  Penalties 1,132$           2,577$           1,218$           85$                 8% (1,359)$           ‐53% Civil  Infraction Penalties 182,927         175,833         173,426         (9,501)             ‐5% (2,408)             ‐1% Civil  Parking Infraction Penalties 85,884           118,951         90,058           4,174              5% (28,893)           ‐24% Photo Enforcement Program 1,132,954      1,130,577      1,167,915      34,961           3% 37,338           3% Criminal  Traffic Misdemeanor  Fines 43,554           37,670           41,351           (2,203)             ‐5% 3,681              10% Criminal  Non‐Traffic  Fines 19,474           35,669           44,150           24,677           127% 8,482              24% Criminal  Costs 52,785           49,359           44,738           (8,047)             ‐15% (4,621)             ‐9% Non ‐Court Fines, Forfeitures and Penalties 48,033           7,671              23,961           (24,071)           ‐50% 16,290           212% YTD Total 1,566,744$   1,558,308$   1,586,818$   20,074$         1% 28,510$         2% Annual  Total 2,860,662$   2,868,450$    Revenue 2017 vs. Budget Fines  and Penalties by Type 2017 vs. 2016 Page 8 of 37 Monthly Financial Report July 2017      Included in the Fines and Penalties  revenue budget is $2M from the Photo  Enforcement program.  The monthly  budget is based on the prior year’s  revenue.  The year‐to‐date collections  from this program equates to $1.2M.      The associated costs includes the  equipment provided by American  Traffic Solutions, Inc. (ATS), dedicated 1  FTE in the Court Services Department  to process the increased caseload and  1.1 FTEs in the Police Department for  support services.  This staff time, along  with a 50% pro tem budget and  interpreter costs amounts to $318k for  personnel costs.  The total costs for the  program equates to $1.1M which is  represented in the table.  Due to the  timing of when the invoice was  received, January 2017’s equipment rental cost was recorded in February.      Miscellaneous  This revenue source reflects the  collection of interest and other  earnings, rents, leases, and  concessions, contributions, and  donations from private sources,  and other miscellaneous  revenues.  The year‐to‐date total  miscellaneous is $1.4M.   Compared to last year, the  revenues are below by $447K or  25%.  Compared to the projected  year‐to‐date budget, the  revenues are over by $379K or  38%.  The large variance with the  prior year is due to collecting  more than anticipated Seizure  Funds in 2016.  Seizure Funds are  restricted to drug enforcement only and are not available for general operating purposes.        Favorable 17 Budget 17  Actual 17  Budget 17 Actual (Unfavorable) 1 Jan 125,201$       127,976$       89,775$         27,432$         100,544$        Feb 157,962         151,276         89,775           95,200           56,076            Mar 189,510         146,612         89,775           95,186           51,425            Apr 165,633         161,103         89,775           95,192           65,911            May 152,426         175,251         89,775           95,189           80,062            Jun 194,994         221,788         89,775           95,183           126,605          Jul 144,851         183,910         89,775           95,189           88,721            Aug 183,427          ‐                  89,775            ‐                  ‐                   Sep 164,770         ‐                  89,775           ‐                  ‐                   Oct 175,856         ‐                  89,775           ‐                  ‐                   Nov 185,108         ‐                  89,775           ‐                  ‐                   Dec 204,263         ‐                  89,775           ‐                  ‐                   YTD Total 1,130,577$   1,167,915$   628,423$       598,572$       569,343$        Annual  Total 2,044,000$   1,077,297$    1Actuals  of Revenues  and Expenses Photo Enforcement Program Year  to Date through July Month Revenues Expenses 2016 2017 2017 Actual Budget Actual $ % $ % Jan 258,876$       210,805$       363,997$       105,122$       41% 153,192$       73% Feb 802,908         115,946         148,988         (653,920)         ‐81% 33,043           28% Mar 125,950         125,932         150,954         25,004           20% 25,022           20% Apr 142,439         108,346         188,887         46,448           33% 80,540           74% May 139,504         116,600         152,678         13,174           9% 36,078           31% Jun 174,848         159,284         179,152         4,304              2% 19,867           12% Jul 181,285         162,595         193,718         12,433           7% 31,122           19% Aug 294,665         160,588          Sep 160,616         121,159          Oct 152,817         128,451          Nov 327,568         104,753          Dec 425,765         370,158          YTD Total 1,825,810$   999,509$       1,378,374$   (447,436)$     ‐25% 378,865$       38% Annual  Total 3,187,241$   1,884,617$    Year  to  Date through July Month 2017 vs. Budget2017 vs. 2016 Miscellaneous Revenues  by Month 2016 2017 2017 Actual Budget Actual $ % $ % Interests and Other Earnings 413,380$       350,874$       488,225$       74,844$         18% 137,351$       39% Rents, Leases, and Concessions 416,116         413,625         419,315         3,199              1% 5,690              1% Contributions/Donations  from Private Sources 66,173           78,211           98,558           32,385           49% 20,348           26% Other 266,997         156,799         212,302         (54,695)           ‐20% 55,503           35% Seizure Funds  ‐ Federal/State/Local 663,143         ‐                  159,974         (503,169)         ‐76% 159,974         100% YTD Total 1,825,810$   999,509$       1,378,374$   (447,436)$     ‐25% 378,865$       38% Annual  Total 3,187,241$   1,884,617$    2017 vs. Budget Miscellaneous  Revenues  by Type Year to Date through July Revenue 2017 vs. 2016 Page 9 of 37 Monthly Financial Report July 2017      EXPENSES  Overall the City has expended 45% of its budgeted general governmental expenditures at the end of July.  This is $2M or 3.9%  below year‐to‐date budgeted expenditures.  See below for summary of unfavorable items for general governmental  departments.    Public Works department (Admin, Street Maintenance, and Transportation) is over the year‐to‐date budget by $56K or  0.9%.  This is mainly due to overspending on supplies ($46K), professional services ($201K), and interfund payments to  other Maintenance sections ($39K) and underspending on salaries/benefits ($234K).       Page 10 of 37 Monthly Financial Report July 2017      ENTERPRISE FUNDS  The table below gives an analysis of all City Enterprise funds.  Displayed are the year‐to‐date revenues and expenditures for  each enterprise.  Included in each funds are the capital revenues and expenditures.  Airport Golf Course Solid Waste  Utility Water Utility Wastewater  Utility Surface  Water Utility Metro REVENUES: Licenses and permits ‐                    ‐                   ‐                   ‐                   54,490             26,100             ‐                    Grants / intergovernmental 13,312             ‐                   134,063          ‐                   1,232,421       1,070,980       ‐                    Charges for services 83,078             1,097,816       9,389,506       9,005,661       5,985,120       6,785,126       9,681,455        Interdepartmental  services ‐                   ‐                   ‐                   ‐                   ‐                   ‐                   ‐                    Fines and penalties 1,035               ‐                   ‐                   ‐                   970                   ‐                   ‐                    Rents, leases, and misc fees 1,528,850       233,782          11,857             118,253          ‐                   ‐                   ‐                    Interest and other misc 13,161             652                   40,549             522,539          1,155,861       396,158          21,684              TOTAL REVENUES 1,639,436       1,332,250       9,575,975       9,646,453       8,428,862       8,278,364       9,703,139        EXPENSES: Utility billing ‐                   ‐                   26,621             97,391             77,296             120,385          ‐                    Utility systems ‐                   ‐                   10,105,565    2,111,702       2,003,987       2,475,612       ‐                    Utility maintenance ‐                   ‐                   191,269          3,263,294       1,236,361       1,612,166       9,808,587        Transportation 923,825          ‐                   ‐                   ‐                   ‐                   ‐                   ‐                    Golf ‐                   1,285,583       ‐                   ‐                   ‐                   ‐                   ‐                    TOTAL EXPENSES 923,825          1,285,583       10,323,455    5,472,387       3,317,644       4,208,163       9,808,587        AMOUNT AVAILABLE FOR DEBT SERVICE 715,611          46,667             (747,480)         4,174,066       5,111,218       4,070,201       (105,448)          DEBT SERVICE: Principal ‐                    ‐                   ‐                   395,175          ‐                   ‐                   ‐                    Interest ‐                   ‐                   ‐                   207,051          93,469             393,441          ‐                    TOTAL DEBT SERVICE ‐                   ‐                   ‐                   602,226          93,469             393,441          ‐                    CAPITAL PROJECTS 139,917          66,995             ‐                   1,548,375       2,016,909       1,159,369       ‐                    TRANSFERS IN/(OUT)‐                   ‐                   (370)                 (433)                 (1,205)             (370)                 ‐                    CHANGE IN FUND BALANCE 575,694          (20,328)           (747,850)         2,023,032       2,999,635       2,517,021       (105,448)          BEGINNING FUND BALANCE, Jan 1 2,619,343       37,088             2,751,417       28,528,934    13,859,662    10,893,975    4,994,658        ENDING  FUND BALANCE, Jul 31 3,195,037       16,760             2,003,567       30,551,966    16,859,297    13,410,996    4,889,210              Page 11 of 37 Monthly Financial Report July 2017      INTERNAL SERVICE FUNDS  The table below gives an analysis of all City Internal Service Funds.  Displayed are the year‐to‐date revenues and expenditures  for each internal service.  Included in each fund are the capital revenues and expenditures.  Equipment  Rental Information  Technology Facilities Communicatio ns Insurance Healthcare Retiree   Healthcare REVENUES: Technology Fee ‐                 112,226         ‐                 ‐                       ‐                 ‐                 ‐                  Grants / intergovernmental ‐                 7,110            ‐                 ‐                       ‐                 ‐                 47,440           Charges for services Equipment rental m&o 1,583,237    2,479,410    ‐                 ‐                       ‐                 ‐                 ‐                  Print and mail ‐                 ‐                 ‐                 256,270              ‐                 ‐                 ‐                  Communications ‐                 463,460        ‐                 372,118              ‐                 ‐                 ‐                  Facilities ‐                 ‐                 2,930,094    ‐                       ‐                 ‐                 ‐                  Data cards and cell  phones ‐                 ‐                 ‐                 ‐                       ‐                 ‐                 ‐                  IT service contracts ‐                 ‐                 ‐                 ‐                       ‐                 ‐                 ‐                  Interest and other misc 27,360          11,549          6,323            2,339                   52,164          18,267          43,103           Internal service fund misc: Vehicle / equipment capital  recovery 1,291,500    282,316        ‐                 ‐                       ‐                 ‐                 ‐                  Insurance premiums ‐                 ‐                 ‐                 ‐                       1,001,181    ‐                 ‐                  Worker's comp/unemployment ‐                 ‐                 ‐                 ‐                       774,491        ‐                 ‐                  Benefit premiums ‐                 ‐                 ‐                 ‐                       ‐                 5,377,103    1,531,064     Other misc 239                47                  10,047          20                          ‐                 535,238        ‐                  Interfund Loan ‐                 ‐                 ‐                 ‐                       ‐                 ‐                 ‐                  Capital contributions ‐                 ‐                 ‐                 ‐                       ‐                 ‐                 ‐                  Disposal  of capital  assets 52,322          ‐                 ‐                 ‐                       ‐                 ‐                 ‐                  Insurance recoveries ‐                 ‐                 ‐                 ‐                       104,520        ‐                 ‐                  TOTAL REVENUES 2,954,658    3,356,118    2,946,464    630,747              1,932,356    5,930,608    1,621,607     EXPENSES: Communications 344,839               Equipment rental 1,336,160     Facilities 2,535,871     Healthcare 5,400,076     Information technology 2,404,268     Print and mail 237,534               Retiree healthcare 491,441         Risk management: Risk management 944,969         Unemployment 29,994           Worker's compensation 876,139         TOTAL EXPENSES 1,336,160    2,404,268    2,535,871    582,373              1,851,102    5,400,076    491,441         AMOUNT AVAILABLE FOR CAPITAL 1,618,498    951,850        410,593        48,374                 81,254          530,532        1,130,166     CAPITAL PROJECTS 1,660,604    267,070        30,077          ‐                       ‐                 ‐                 ‐                  TRANSFERS IN ‐                 2,484            ‐                 ‐                       ‐                 ‐                 ‐                  TRANSFERS (OUT)‐                 ‐                 ‐                 ‐                       ‐                 (89,876)        ‐                  CHANGE IN FUND BALANCE (42,106)        687,264        380,516        48,374                 81,254          440,656        1,130,166     BEGINNING FUND BALANCE, Jan 1 6,432,053    2,570,374    1,275,053    542,927              12,852,509  4,156,148    10,079,251   ENDING  FUND BALANCE, Jul 31 6,389,947    3,257,638    1,655,569    591,301              12,933,763  4,596,804    11,209,417        Page 12 of 37 Monthly Financial Report July 2017      FUND BALANCE  Page 14 shows the ending fund balance as of July 2017.  The City’s fund balance is a combination of current deficit/surplus of  funds which have accrued from unexpended operating budgets, unanticipated excess revenues, and from balances  accumulated from prior years.      The prior year’s balances (or beginning balance) include funds identified as being reserved for specific purposes or required  to meet the current year’s appropriations. These balances also provide financial stability to the City’s operation during  uncertain times and provide a layer of security to bondholders.      At the end of July, the City has $39.6M reported in the combined general governmental fund balance of the current year’s  operating budget, which is approximately 36% of budgeted operating expenditures.  This is an increase of $13M from the  year’s beginning balance.  July’s ending fund balance is over the anticipated General Governmental Fund Balance of $33M by  $6.6M or 20.2%.  Although the ending fund balance is above projections, it is consistent with the prior years’ trends.      CONTACT INFORMATION  This report is prepared by the Finance Division of the Administrative Services Department.  For additional financial  information, please also review our website: http://www.rentonwa.gov/.  For any questions about the report, please feel  free to contact us at hnguyen@rentonwa.gov or JDThomas@Rentonwa.gov.  Page 13 of 37 Monthly Financial Report July 2017      City of Renton All Funds ‐ Revenue, Expenditures and Fund Balances Cash Basis through July 31, 2017 Funds Balance   01/01/2017 Budgeted  Revenue Revenue  07/31/17 Total Funds  Available Budgeted  Expenditure Expenditure  07/31/17 Ending Balance GENERAL GOVERNMENT FUNDS: 26,563,785           102,578,140        62,729,973           89,293,758           109,350,964        49,694,920           39,598,838            000 General 18,201,028           69,687,089           45,089,298           63,290,326           76,768,027           35,247,046           28,043,280            001 Community Services 3,769,766             13,615,254           7,767,848             11,537,614           13,788,263           6,786,543             4,751,072              003 Street 1,936,367             11,885,024           6,748,858             8,685,225             11,306,335           6,273,663             2,411,562              004 Community Dev Block Grant 66,654                   1,068,770             413                         67,067                   1,076,270             89,906                   (22,839)                  005 Museum 72,372                   233,936                 117,196                 189,568                 236,275                 135,354                 54,214                    009 Farmers Market 90,730                   112,742                 50,695                   141,425                 109,165                 51,246                   90,179                    011 Fire Health & Wellness ‐                               ‐                               ‐                               ‐                               ‐                               ‐                               ‐                               201 Ltd GO Bonds Gen Govt Debt 852,111                 1,749,675             879,633                 1,731,744             1,749,675             41,925                   1,689,819              215 Gen Govt Misc  Debt Service 1,574,757             4,225,650             2,076,032             3,650,789             4,316,954             1,069,238             2,581,551              SPECIAL REVENUE FUNDS:1,599,965             1,974,729             1,360,852             2,960,817             2,164,749             581,622                 2,379,195              102 Arterial Street 63,480                   660,000                 387,719                 451,199                 660,000                 ‐                              451,199                  108 Leased City Properties 276,865                 902,550                 695,282                 972,147                 888,131                 383,446                 588,701                  110 Hotel  Motel 402,602                 265,000                 167,455                 570,057                 375,994                 163,554                 406,503                  125 1% For Art 128,489                 24,505                   523                         129,012                 117,950                 ‐                              129,012                  127 Cable Communication 394,504                 122,674                 108,514                 503,018                 122,674                 34,622                   468,396                  135 Springbrook Wetlands Bank 334,025                 ‐                              1,359                     335,384                 ‐                              ‐                              335,384                  CAPITAL PROJECT FUNDS (CIP):26,202,403           35,746,139           14,087,702           40,290,105           50,816,731           7,609,934             32,680,171            303 Community Dev Mitigation 1,255,194             406,014                 199,132                 1,454,326             ‐                              ‐                              1,454,326              304 Fire Mitigation 607,163                 99,000                   374,458                 981,621                 158,696                 ‐                              981,621                  305 Transportation Mitigation 1,497,748             620,000                 553,993                 2,051,741             1,890,000             ‐                              2,051,741              316 Municipal Facilities CIP 15,038,030           13,701,632           7,374,622             22,412,652           23,198,133           1,507,272             20,905,380            317 Transportation CIP 5,640,494             19,419,493           5,577,461             11,217,955           24,544,675           5,805,648             5,412,307              326 Housing Opportunity 1,041,173             1,500,000             4,237                     1,045,410             ‐                              ‐                              1,045,410              336 New Library  Development 1,122,601             ‐                              3,799                     1,126,400             1,025,227             297,014                 829,386                  ENTERPRISE FUNDS:63,685,077           89,995,648           48,650,623           112,335,700        120,539,512        41,408,866           70,926,834            4X2 Airport Operating & CIP 2,619,343             3,405,842             1,639,435             4,258,778             5,688,023             1,063,741             3,195,037              403 Solid Waste  Utility 2,751,417             19,187,851           9,575,975             12,327,392           19,024,775           10,323,825           2,003,567              4X4 Golf  Operating & CIP 37,088                   2,893,044             1,367,250             1,404,338             2,630,288             1,387,578             16,760                    4X5 Water Operating & CIP 28,528,934           17,180,526           9,646,453             38,175,387           35,347,154           7,623,421             30,551,966            4X6 Waste  Water Operating & CIP 13,859,662           13,264,936           8,440,007             22,299,669           20,537,816           5,440,372             16,859,297            416 King County Metro 4,994,658             17,505,693           9,703,139             14,697,797           17,505,693           9,808,587             4,889,210              4X7 Surface Water Operating & CIP 10,893,975           16,557,756           8,278,364             19,172,339           19,805,763           5,761,342             13,410,997            INTERNAL SERVICE FUNDS:37,908,315           34,806,873           19,375,043           57,283,358           33,548,887           16,648,919           40,634,439            501 Equipment Repair/Replacement 6,432,053             6,494,353             2,954,658             9,386,711             7,728,113             2,996,765             6,389,946              502 Insurance 12,852,509           7,392,368             1,932,357             14,784,866           3,571,166             1,851,102             12,933,764            503 Information Services 2,570,374             5,731,776             3,358,602             5,928,976             6,835,636             2,671,338             3,257,638              504 Facilities 1,275,053             5,067,015             2,946,464             4,221,517             5,134,433             2,565,948             1,655,569              505 Communications 542,927                 1,078,253             630,747                 1,173,674             1,076,474             582,373                 591,301                  512 Insurance, Healthcare 4,156,148             7,787,779             5,930,608             10,086,756           8,163,471             5,489,952             4,596,804              522 Insurance, Leoff1 Retirees HC 10,079,251           1,255,329             1,621,607             11,700,858           1,039,594             491,441                 11,209,417            FIDUCIARY FUNDS:5,578,045             468,000                 165,966                 5,744,011             210,475                 129,484                 5,614,527              611 Firemen's Pension 5,578,045             468,000                 165,966                 5,744,011             210,475                 129,484                 5,614,527              TOTAL FUNDS 161,537,590 265,569,529 146,370,159 307,907,749 316,631,318 116,073,745 191,834,004  Page 14 of 37 City of Renton General Government Financial Position 2017 Budget Year General Government Summary  Revenues Expenditures  $ Difference over (under)  w/beginning  balance  26,563,785             January 7,364,146              6,595,136              769,010                  27,332,795             February 14,472,917            13,388,134            1,084,783              27,648,568             March 21,057,303            20,198,065            859,238                  27,423,023             April 39,230,543            27,006,711            12,223,832            38,787,617             May 47,996,932            34,253,900            13,743,032            40,306,817             June 54,429,132            41,552,555            12,876,577            39,440,362             July 62,729,973            49,694,920            13,035,053            39,598,838             August September October November December  (8,000,000)  (7,000,000)  (6,000,000)  (5,000,000)  (4,000,000)  (3,000,000)  (2,000,000)  (1,000,000)  ‐  1,000,000  2,000,000  3,000,000  4,000,000  5,000,000  6,000,000  7,000,000  8,000,000  9,000,000  10,000,000  11,000,000  12,000,000  13,000,000  14,000,000  15,000,000  ‐  10,000,000  20,000,000  30,000,000  40,000,000  50,000,000  60,000,000  70,000,000  80,000,000  90,000,000  100,000,000  110,000,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Change in Fund  Balance Rev/Exp Revenues Expenditures Change in Fund Balance Page 15 of 37 City of Renton Monthly Revenue Analysis ‐ 2017 Budget Year General  Government Budget YTD Actual Annual %  over (under) Jan 7,150,230        7,364,146        2.99% Feb 13,649,659      14,472,917      6.03% Mar 20,102,489      21,057,303      4.75% Apr 32,964,280      39,230,543      19.01% May 44,307,275      47,996,932      8.33% Jun 50,529,531      54,429,132      7.72% Jul 58,111,943      62,729,973      7.95% Aug 64,897,824       Sep 71,259,286       Oct 82,659,005       Nov 95,500,221       Dec 102,578,140     Percent of budget 61.15% Property Tax Budget YTD Actual Annual %  over (under) Jan 36,768              55,429              50.75% Feb 241,042           250,761           4.03% Mar 967,646           1,153,726        19.23% Apr 6,883,291        8,189,058        18.97% May 12,626,243      12,678,534      0.41% Jun 12,719,859      12,807,368      0.69% Jul 12,760,104      12,876,968      0.92% Aug 12,870,217       Sep 13,238,047       Oct 17,341,593       Nov 23,988,632       Dec 24,103,395       Percent of budget 53.42%  $‐  $10  $20  $30  $40  $50  $60  $70  $80  $90  $100  $110  $120  $130 Millions Total Revenue General Government Budget Actual Last Year  $‐  $3  $6  $9  $12  $15  $18  $21  $24  $27  $30  $33  $36  $39 Millions Property Tax Budget Actual Last Year Page 16 of 37 City of Renton Monthly Revenue Analysis ‐ 2017 Budget Year Sales Tax Budget YTD Actual Annual %  over (under) Jan 2,261,189        2,340,558        3.51% Feb 4,964,886        5,107,413        2.87% Mar 7,067,913        7,282,613        3.04% Apr 9,174,172        9,375,961        2.20% May 11,640,150      12,040,621      3.44% Jun 13,842,125      14,362,484      3.76% Jul 16,104,724      16,864,294      4.72% Aug 18,663,293       Sep 21,097,526       Oct 23,629,240       Nov 26,285,407       Dec 28,763,680       Percent of budget 58.63% Note:  Excludes CJ Sales Tax and Natural Gas Use Tax. Utility Tax Budget YTD Actual Annual %  over (under) Jan 1,277,138        1,698,721        33.01% Feb 2,735,212        3,059,310        11.85% Mar 4,197,814        4,256,858        1.41% Apr 5,487,047        6,054,307        10.34% May 6,771,549        7,518,745        11.03% Jun 7,949,356        8,870,352        11.59% Jul 9,183,733        10,408,741      13.34% Aug 10,453,523       Sep 11,680,525       Oct 12,932,675       Nov 14,139,633       Dec 15,478,137       Percent of budget 67.25% Note:  Includes Natural Gas Use Tax.  $‐  $3  $6  $9  $12  $15  $18  $21  $24  $27  $30 Millions Sales Tax Budget Actual Last Year  $‐  $2  $4  $6  $8  $10  $12  $14  $16 Millions Utility Tax Budget Actual Last Year Page 17 of 37 City of Renton Monthly Revenue Analysis ‐ 2017 Budget Year Licenses &  Permits Budget YTD Actual Annual %  over (under) Jan 586,132           321,764            ‐45.10% Feb 956,756           594,059            ‐37.91% Mar 1,322,363        1,019,840         ‐22.88% Apr 1,688,572        1,318,141         ‐21.94% May 1,961,934        1,825,961         ‐6.93% Jun 2,264,302        2,301,827        1.66% Jul 2,972,183        2,656,217         ‐10.63% Aug 3,368,015         Sep 3,791,878         Oct 4,274,238         Nov 4,532,625         Dec 4,815,012         Percent of budget 55.17% Note:  GF only Intergovt'l Budget YTD Actual Annual %  over (under) Jan 567,324           604,678           6.58% Feb 1,156,199        1,193,433        3.22% Mar 1,699,398        1,773,868        4.38% Apr 2,209,382        2,313,101        4.69% May 2,601,589        2,729,902        4.93% Jun 3,194,501        3,346,773        4.77% Jul 3,772,397        4,001,945        6.08% Aug 4,575,031         Sep 5,217,458         Oct 5,742,114         Nov 6,530,528         Dec 7,661,089         Percent of budget 52.24% Note:  Includes CJ Sales Tax and FD25 & FD40 contracts  $‐  $2  $4  $6  $8  $10  $12 Millions Intergovernmental Budget Actual Last Year  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  $4.50  $5.00 Millions Licenses & Permits Budget Actual Last Year Page 18 of 37 City of Renton Monthly Revenue Analysis ‐ 2017 Budget Year Charges for  Services Budget YTD Actual Annual %  over (under) Jan 641,725           749,576           16.81% Feb 1,192,622        1,295,589        8.63% Mar 1,779,728        2,031,739        14.16% Apr 2,574,617        2,607,404        1.27% May 3,142,189        3,347,586        6.54% Jun 4,270,357        4,077,898         ‐4.51% Jul 5,207,148        5,052,850         ‐2.96% Aug 6,077,059         Sep 6,705,746         Oct 7,327,762         Nov 7,947,988         Dec 8,677,538         Percent of budget 58.23% Note: Excludes FD25 & FD40 contracts Fines &  Forfeits Budget YTD Actual Annual %  over (under) Jan 126,199           134,957           6.94% Feb 339,355           352,013           3.73% Mar 603,740           564,199           ‐6.55% Apr 845,911           807,015           ‐4.60% May 1,077,838        1,036,892        ‐3.80% Jun 1,339,137        1,339,558        0.03% Jul 1,558,308        1,586,818        1.83% Aug 1,810,632         Sep 2,043,253         Oct 2,287,023         Nov 2,557,964         Dec 2,868,450         Percent of budget 55.32%  $‐  $1  $2  $3  $4  $5  $6  $7  $8  $9 Millions Charges for Services Budget Actual Last Year  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00 Millions Fines & Forfeits Budget Actual Last Year Page 19 of 37 City of Renton Monthly Revenue Analysis ‐ 2017 Budget Year Other Taxes Budget YTD Actual Annual %  over (under) Jan 1,428,684        1,094,465         ‐23.39% Feb 1,708,305        2,107,354        23.36% Mar 1,968,404        2,310,521        17.38% Apr 3,446,027        7,618,498        121.08% May 3,713,922        5,718,954        53.99% Jun 4,018,000        6,043,234        50.40% Jul 5,456,111        7,806,041        43.07% Aug 5,805,828         Sep 6,075,201         Oct 7,571,990         Nov 7,846,056         Dec 8,155,026         Percent of budget 95.72% Misc Budget YTD Actual Annual %  over (under) Jan 210,805           363,997           72.67% Feb 326,751           512,986           57.00% Mar 452,682           663,940           46.67% Apr 561,029           852,826           52.01% May 677,629           1,005,505        48.39% Jun 836,913           1,184,657        41.55% Jul 999,509           1,378,374        37.91% Aug 1,160,096         Sep 1,281,255         Oct 1,409,706         Nov 1,514,459         Dec 1,884,617         Percent of budget 73.14%  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50 Millions Miscellaneous Budget Actual Last Year  $‐  $1  $2  $3  $4  $5  $6  $7  $8  $9  $10  $11  $12  $13 Millions Other Taxes Budget Actual Last Year Page 20 of 37 City of Renton Monthly Revenue Analysis ‐ 2017 Budget Year Other  Financing Budget YTD Actual Annual %  over (under) Jan 14,266               ‐                         0.00% Feb 28,533               ‐                         0.00% Mar 42,799               ‐                         0.00% Apr 94,231              94,231              0.00% May 94,231              94,231              0.00% Jun 94,981              94,981              0.00% Jul 97,726              97,726              0.00% Aug 114,131            Sep 128,397            Oct 142,663            Nov 156,930            Dec 171,196            Percent of budget 57.08% REET Budget YTD Actual Annual %  over (under) Jan 708,703           1,028,456        45.12% Feb 857,491           1,365,480        59.24% Mar 1,062,002        2,074,348        95.32% Apr 1,360,630        2,459,865        80.79% May 1,722,197        2,845,952        65.25% Jun 2,068,717        3,593,502        73.71% Jul 2,566,642        4,184,639        63.04% Aug 3,050,997         Sep 3,452,940         Oct 3,887,811         Nov 4,154,162         Dec 4,420,000         Percent of budget 94.68%  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  $4.50  $5.00  $5.50  $6.00  $6.50 Millions Real Estate Excise Tax Budget Actual Last Year $0 $1 $1 $2 $2 $3 Mi l l i o n s Other Financing Sources Budget Actual Last Year Page 21 of 37 City of Renton Monthly Revenue Analysis ‐ 2017 Budget Year Bldg Permits &  Devlpmt Svc  Fees Budget YTD Actual Annual %  over (under) Jan 481,500           399,548            ‐17.02% Feb 861,115           676,844            ‐21.40% Mar 1,301,962        1,180,134         ‐9.36% Apr 1,786,635        1,445,882         ‐19.07% May 2,096,984        2,004,656         ‐4.40% Jun 2,795,383        2,616,096         ‐6.41% Jul 3,487,109        2,880,611         ‐17.39% Aug 3,925,839         Sep 4,424,411         Oct 4,902,760         Nov 5,262,700         Dec 5,735,368         Percent of budget 50.23% B & O Tax Budget YTD Actual Annual %  over (under) Jan 1,360,000        432,319            ‐68.21% Feb 1,530,000        1,226,412         ‐19.84% Mar 1,700,000        1,239,641        ‐27.08% Apr 3,060,000        5,866,521        91.72% May 3,230,000        6,183,312        91.43% Jun 3,400,000        6,206,803        82.55% Jul 4,760,000        7,345,843        54.32% Aug 4,930,000         Sep 5,100,000         Oct 6,460,000         Nov 6,630,000         Dec 6,800,000         Percent of budget 108.03%  $‐  $1.00  $2.00  $3.00  $4.00  $5.00  $6.00 Millions Building Permits and Development Service  Fees Budget Actual Last Year  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50  $4.00  $4.50  $5.00  $5.50  $6.00  $6.50  $7.00  $7.50  $8.00 Millions Business & Occupation Tax Budget Actual Last Year Page 22 of 37 City of Renton Monthly Expenditure Analysis ‐ 2017 Budget Year General  Government Budget YTD Actual Annual %  over (under) Jan 6,934,806        6,595,136         ‐4.90% Feb 13,894,584      13,388,134       ‐3.64% Mar 21,412,691      20,198,065       ‐5.67% Apr 28,362,799      27,006,711       ‐4.78% May 35,721,015      34,253,900       ‐4.11% Jun 43,530,101      41,552,555       ‐4.54% Jul 51,718,532      49,694,920       ‐3.91% Aug 71,415,418       Sep 80,715,944       Oct 90,074,524       Nov 98,821,901       Dec 109,350,963     Percent of budget expended 45.45% Legislative Budget YTD Actual Annual %  over (under) Jan 36,183              36,043               ‐0.39% Feb 66,236              64,877               ‐2.05% Mar 101,649           97,498               ‐4.08% Apr 131,509           127,629            ‐2.95% May 161,207           157,670            ‐2.19% Jun 190,925           187,856           ‐1.61% Jul 219,892           216,595           ‐1.50% Aug 249,074            Sep 278,319            Oct 308,035            Nov 337,502            Dec 368,211            Percent of budget expended 58.82%  $‐  $20  $40  $60  $80  $100  $120 Millions Total Expenditures General Government Budget Actual Last Year  $‐  $50,000  $100,000  $150,000  $200,000  $250,000  $300,000  $350,000  $400,000 Legislative Budget Actual Last Year Page 23 of 37 City of Renton Monthly Expenditure Analysis ‐ 2017 Budget Year Executive Budget YTD Actual Annual %  over (under) Jan 211,773           211,310            ‐0.22% Feb 354,764           350,285            ‐1.26% Mar 535,758           490,536            ‐8.44% Apr 678,464           632,403            ‐6.79% May 820,176           793,626            ‐3.24% Jun 980,311           963,928            ‐1.67% Jul 1,122,714        1,110,100         ‐1.12% Aug 1,283,513         Sep 1,468,126         Oct 1,611,032         Nov 1,754,366         Dec 1,957,671         Percent of budget expended 56.71% Emergency  Management Budget YTD Actual Annual %  over (under) Jan 63,184              35,052               ‐44.52% Feb 104,484           75,996               ‐27.27% Mar 156,084           120,198            ‐22.99% Apr 197,331           171,474            ‐13.10% May 238,910           219,758            ‐8.02% Jun 287,314           267,919           ‐6.75% Jul 329,069           314,737           ‐4.36% Aug 399,866            Sep 448,780            Oct 492,637            Nov 535,475            Dec 609,249            Percent of budget expended 51.66%  $‐  $0.30  $0.60  $0.90  $1.20  $1.50  $1.80  $2.10 Millions Executive Budget Actual Last Year  $‐  $100,000  $200,000  $300,000  $400,000  $500,000  $600,000 Emergency Management Budget Actual Last Year Page 24 of 37 City of Renton Monthly Expenditure Analysis ‐ 2017 Budget Year City Attorney Budget YTD Actual Annual %  over (under) Jan 176,840           168,105            ‐4.94% Feb 356,198           333,751            ‐6.30% Mar 539,974           508,012            ‐5.92% Apr 727,889           694,752            ‐4.55% May 911,796           866,583            ‐4.96% Jun 1,096,207        1,038,696         ‐5.25% Jul 1,281,325        1,211,095         ‐5.48% Aug 1,466,602         Sep 1,658,357         Oct 1,826,387         Nov 1,995,101         Dec 2,163,329         Percent of budget expended 55.98% Court Services Budget YTD Actual Annual %  over (under) Jan 171,264           169,642            ‐0.95% Feb 352,218           343,353            ‐2.52% Mar 535,423           523,105            ‐2.30% Apr 716,857           708,103            ‐1.22% May 901,397           888,624           ‐1.42% Jun 1,094,693        1,072,725        ‐2.01% Jul 1,278,228        1,252,041        ‐2.05% Aug 1,465,440         Sep 1,656,123         Oct 1,839,864         Nov 2,023,061         Dec 2,220,656         Percent of budget expended 56.38%  $‐  $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60  $1.80  $2.00  $2.20 Millions Court Services Budget Actual Last Year  $‐  $0.40  $0.80  $1.20  $1.60  $2.00  $2.40 Millions City Attorney Budget Actual Last Year Page 25 of 37 City of Renton Monthly Expenditure Analysis ‐ 2017 Budget Year CED Admin Budget YTD Actual Annual %  over (under) Jan 104,691           109,731           4.81% Feb 209,968           219,758           4.66% Mar 315,244           329,786           4.61% Apr 422,897           439,814           4.00% May 531,643           549,841           3.42% Jun 639,918           669,673           4.65% Jul 803,016           781,490            ‐2.68% Aug 909,108            Sep 1,015,431         Oct 1,121,287         Nov 1,226,753         Dec 1,337,991         Percent of budget expended 58.41% Development  Services Budget YTD Actual Annual %  over (under) Jan 256,438           239,337            ‐6.67% Feb 543,416           501,405            ‐7.73% Mar 824,478           754,102            ‐8.54% Apr 1,091,128        1,024,029         ‐6.15% May 1,371,240        1,282,903        ‐6.44% Jun 1,655,763        1,542,242        ‐6.86% Jul 1,935,388        1,806,056        ‐6.68% Aug 2,228,046         Sep 2,530,168         Oct 2,814,598         Nov 3,096,537         Dec 3,404,464         Percent of budget expended 53.05%  $‐  $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40 Millions Community & Economic Development Admin Budget Actual Last Year  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50 Millions Development Services Budget Actual Last Year Page 26 of 37 City of Renton Monthly Expenditure Analysis ‐ 2017 Budget Year Economic  Development Budget YTD Actual Annual %  over (under) Jan 103,746           46,869               ‐54.82% Feb 256,504           98,329               ‐61.67% Mar 375,792           140,672            ‐62.57% Apr 573,516           190,278            ‐66.82% May 710,921           342,370            ‐51.84% Jun 875,698           435,487            ‐50.27% Jul 1,042,462        490,157            ‐52.98% Aug 1,172,670         Sep 1,294,219         Oct 1,517,766         Nov 1,687,862         Dec 1,847,888         Percent of budget expended 26.53% Planning Budget YTD Actual Annual %  over (under) Jan 243,257           221,112            ‐9.10% Feb 490,299           449,900            ‐8.24% Mar 754,718           681,350            ‐9.72% Apr 1,014,473        906,510            ‐10.64% May 1,315,458        1,134,729         ‐13.74% Jun 1,605,503        1,353,531        ‐15.69% Jul 1,871,101        1,570,361        ‐16.07% Aug 2,140,077         Sep 2,429,086         Oct 2,705,736         Nov 2,959,083         Dec 3,222,077         Percent of budget expended 48.74%  $‐  $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60  $1.80  $2.00 Millions Economic Development Budget Actual Last Year  $‐  $0.50  $1.00  $1.50  $2.00  $2.50  $3.00  $3.50 Millions Planning Budget Actual Last Year Page 27 of 37 City of Renton Monthly Expenditure Analysis ‐ 2017 Budget Year Finance Budget YTD Actual Annual %  over (under) Jan 213,401           197,230            ‐7.58% Feb 427,010           425,531            ‐0.35% Mar 638,330           630,778            ‐1.18% Apr 854,316           856,650           0.27% May 1,084,697        1,073,519         ‐1.03% Jun 1,405,442        1,301,674         ‐7.38% Jul 1,620,542        1,565,684         ‐3.39% Aug 1,988,845         Sep 2,222,013         Oct 2,454,488         Nov 2,672,475         Dec 3,362,369         Percent of budget expended 46.56% City Clerk Budget YTD Actual Annual %  over (under) Jan 78,434              62,018               ‐20.93% Feb 189,186           322,088           70.25% Mar 278,847           387,366           38.92% Apr 369,230           459,577           24.47% May 460,538           533,887           15.93% Jun 552,158           606,380           9.82% Jul 646,835           680,117           5.15% Aug 816,873            Sep 832,467            Oct 948,567            Nov 1,045,159         Dec 1,239,455         Percent of budget expended 54.87% Includes Hearing Examiner  $‐  $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40 Millions City Clerk Budget Actual Last Year  $‐  $0.40  $0.80  $1.20  $1.60  $2.00  $2.40  $2.80  $3.20  $3.60 Millions Finance Budget Actual Last Year Page 28 of 37 City of Renton Monthly Expenditure Analysis ‐ 2017 Budget Year Human  Resources Budget YTD Actual Annual %  over (under) Jan 89,142              87,874               ‐1.42% Feb 195,491           175,377            ‐10.29% Mar 317,705           273,335            ‐13.97% Apr 435,958           395,728            ‐9.23% May 545,888           492,849            ‐9.72% Jun 654,767           592,817            ‐9.46% Jul 763,876           699,070            ‐8.48% Aug 881,606            Sep 989,949            Oct 1,112,832         Nov 1,220,753         Dec 1,359,317         Percent of budget expended 51.43% Police Budget YTD Actual Annual %  over (under) Jan 3,021,473        2,964,875         ‐1.87% Feb 5,729,432        5,600,968         ‐2.24% Mar 8,949,044        8,701,186         ‐2.77% Apr 11,689,480      11,416,735       ‐2.33% May 14,782,952      14,450,621       ‐2.25% Jun 17,628,538      17,182,081      ‐2.53% Jul 20,813,284      20,754,850      ‐0.28% Aug 23,629,666       Sep 26,807,915       Oct 29,657,572       Nov 32,675,468       Dec 36,130,337       Percent of budget expended 57.44%  $‐  $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60 Millions Human Resources Budget Actual Last Year  $‐  $3  $6  $9  $12  $15  $18  $21  $24  $27  $30  $33  $36 Millions Police Budget Actual Last Year Page 29 of 37 City of Renton Monthly Expenditure Analysis ‐ 2017 Budget Year Community  Services Admin Budget YTD Actual Annual %  over (under) Jan 43,313              44,101              1.82% Feb 91,333              84,711               ‐7.25% Mar 132,122           128,246            ‐2.93% Apr 170,865           168,961            ‐1.11% May 208,694           214,954           3.00% Jun 243,941           254,219           4.21% Jul 283,798           294,560           3.79% Aug 323,291            Sep 362,917            Oct 402,012            Nov 441,115            Dec 505,154            Percent of budget expended 58.31% Parks Budget YTD Actual Annual %  over (under) Jan 347,594           309,997            ‐10.82% Feb 721,741           630,236            ‐12.68% Mar 1,115,607        989,660            ‐11.29% Apr 1,515,120        1,374,644         ‐9.27% May 1,916,439        1,753,298        ‐8.51% Jun 2,361,763        2,138,544        ‐9.45% Jul 2,879,343        2,568,387        ‐10.80% Aug 3,372,507         Sep 3,882,283         Oct 4,333,779         Nov 4,732,770         Dec 5,179,955         Percent of budget expended 49.58%  $‐  $1.00  $2.00  $3.00  $4.00  $5.00  $6.00 Millions Parks Budget Actual Last Year $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 Community Services Admin Budget Actual Last Year Page 30 of 37 City of Renton Monthly Expenditure Analysis ‐ 2017 Budget Year Parks Planning  and Natural  Resources Budget YTD Actual Annual %  over (under) Jan 66,837              53,458               ‐20.02% Feb 142,043           140,186            ‐1.31% Mar 228,381           204,477            ‐10.47% Apr 302,923           289,729            ‐4.36% May 421,513           369,879            ‐12.25% Jun 529,092           461,775            ‐12.72% Jul 634,663           554,297            ‐12.66% Aug 755,297            Sep 880,231            Oct 1,004,912         Nov 1,117,820         Dec 1,271,569         Percent of budget expended 43.59% Recreation Budget YTD Actual Annual %  over (under) Jan 374,992           347,558            ‐7.32% Feb 776,210           729,951            ‐5.96% Mar 1,193,255        1,120,569         ‐6.09% Apr 1,619,630        1,523,454        ‐5.94% May 2,041,706        1,886,814        ‐7.59% Jun 2,504,626        2,298,110        ‐8.25% Jul 3,176,750        2,894,508        ‐8.88% Aug 3,870,674         Sep 4,434,425         Oct 4,852,298         Nov 5,270,092         Dec 5,714,855         Percent of budget expended 50.65%  $‐  $200,000  $400,000  $600,000  $800,000  $1,000,000  $1,200,000  $1,400,000 Parks Planning and Natural Resources Budget Actual Last Year $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 $5.50 $6.00 $6.50 Millions Recreation Budget Actual Last Year Page 31 of 37 City of Renton Monthly Expenditure Analysis ‐ 2017 Budget Year Human  Services Budget YTD Actual Annual %  over (under) Jan 73,531              98,615              34.11% Feb 178,202           170,784            ‐4.16% Mar 299,737           256,318            ‐14.49% Apr 463,788           333,897            ‐28.01% May 544,941           513,338            ‐5.80% Jun 619,460           584,702            ‐5.61% Jul 747,449           754,865           0.99% Aug 858,779            Sep 937,301            Oct 1,120,435         Nov 1,209,310         Dec 1,419,333         Percent of budget expended 53.18% Neighborhoods , Resources,  and Events Budget YTD Actual Annual %  over (under) Jan 82,975              60,703              ‐26.84% Feb 185,874           125,601           ‐32.43% Mar 276,230           198,834           ‐28.02% Apr 353,352           266,753           ‐24.51% May 443,151           337,861           ‐23.76% Jun 533,990           414,589           ‐22.36% Jul 673,990           526,036           ‐21.95% Aug 786,830            Sep 890,249            Oct 985,557            Nov 1,071,844         Dec 1,225,894         Percent of budget expended 42.91%  $‐  $0.20  $0.40  $0.60  $0.80  $1.00  $1.20  $1.40  $1.60 Millions Human Services Budget Actual Last Year  $‐  $200,000  $400,000  $600,000  $800,000  $1,000,000  $1,200,000  $1,400,000 Neighborhoods, Resources, and Events Budget Actual Last Year Page 32 of 37 City of Renton Monthly Expenditure Analysis ‐ 2017 Budget Year Museum Fund Budget YTD Actual Annual %  over (under) Jan 19,490              19,400               ‐0.46% Feb 38,851              39,555              1.81% Mar 57,801              59,213              2.44% Apr 77,036              79,223              2.84% May 96,758              97,324              0.59% Jun 116,580           115,602            ‐0.84% Jul 136,413           135,354            ‐0.78% Aug 156,373            Sep 176,366            Oct 196,623            Nov 216,498            Dec 236,275            Percent of budget expended 57.29% Public Works  Admin Budget YTD Actual Annual %  over (under) Jan 33,358              33,498              0.42% Feb 68,245              67,352               ‐1.31% Mar 102,054           101,914            ‐0.14% Apr 135,775           135,878           0.08% May 169,617           169,665           0.03% Jun 203,557           203,650           0.05% Jul 237,559           237,592           0.01% Aug 272,046            Sep 306,358            Oct 339,748            Nov 373,069            Dec 406,398            Percent of budget expended 58.46%  $‐  $50,000  $100,000  $150,000  $200,000  $250,000  $300,000  $350,000  $400,000  $450,000 Public Works Admin Budget Actual Last Year  $‐  $30,000  $60,000  $90,000  $120,000  $150,000  $180,000  $210,000  $240,000 Museum Fund Budget Actual Last Year Page 33 of 37 City of Renton Monthly Expenditure Analysis ‐ 2017 Budget Year Street  Maintenance Budget YTD Actual Annual %  over (under) Jan 439,569           408,757            ‐7.01% Feb 886,721           920,483           3.81% Mar 1,366,996        1,383,891        1.24% Apr 1,835,020        1,913,150        4.26% May 2,295,588        2,408,369        4.91% Jun 2,759,772        2,877,748        4.27% Jul 3,256,692        3,319,755        1.94% Aug 3,742,444         Sep 4,214,166         Oct 4,682,566         Nov 5,131,438         Dec 5,636,437         Percent of budget expended 58.90% Transportation Budget YTD Actual Annual %  over (under) Jan 340,428           326,959            ‐3.96% Feb 706,499           694,002            ‐1.77% Mar 1,247,152        1,046,712         ‐16.07% Apr 1,619,928        1,531,026         ‐5.49% May 2,095,850        2,065,482         ‐1.45% Jun 2,513,261        2,511,785        ‐0.06% Jul 2,960,840        2,953,908        ‐0.23% Aug 3,404,337         Sep 3,854,060         Oct 4,693,977         Nov 5,071,355         Dec 5,669,897         Percent of budget expended 52.10%  $‐  $1.00  $2.00  $3.00  $4.00  $5.00  $6.00 Millions Street Maintenance Budget Actual Last Year $0.0 $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 Millions Transportation Budget Actual Last Year Page 34 of 37 City of Renton Monthly Expenditure Analysis ‐ 2017 Budget Year Debt Service Budget YTD Actual Annual %  over (under) Jan 41,377              41,377              0.00% Feb 291,694           291,694           0.00% Mar 293,691           293,691           0.00% Apr 293,691           293,691           0.00% May 293,691           293,691           0.00% Jun 859,786           859,786           0.00% Jul 1,111,163        1,111,163        0.00% Aug 4,044,419         Sep 4,549,972         Oct 5,055,524         Nov 5,561,077         Dec 6,066,629         Percent of budget expended 18.32% Non‐ Departmental  Other City Budget YTD Actual Annual %  over (under) Jan 301,517           301,517           0.00% Feb 531,962           531,962           0.00% Mar 776,618           776,618           0.00% Apr 1,072,621        1,072,621        0.00% May 1,356,243        1,356,243        0.00% Jun 1,617,036        1,617,036        0.00% Jul 1,892,140        1,892,140        0.00% Aug 11,197,034       Sep 12,596,663       Oct 13,996,293       Nov 15,395,922       Dec 16,795,551       Percent of budget expended 11.27%  $‐  $2.00  $4.00  $6.00  $8.00  $10.00  $12.00  $14.00  $16.00  $18.00 Millions Non‐Departmental Other City Services Budget Actual Last Year  $‐  $1  $2  $3  $4  $5  $6  $7 Millions Debt Service Budget Actual Last Year Page 35 of 37 City of Renton Monthly Enterprise Fund Financial Report ‐ 2017 Budget Year Utilities Budget Revenue Expense Jan 4,298,667        6,899,538      3,629,075       Feb 10,508,877      13,370,807    7,900,322       Mar 16,710,823      19,032,931    12,269,408     Apr 22,821,669      24,791,562    19,152,344     May 29,106,807      31,698,603    24,885,271     Jun 38,399,372      38,440,101    31,089,893     Jul 45,231,872      45,643,871    38,955,538     Aug 57,821,285       Sep 69,401,520       Oct 91,243,653       Nov 98,243,043       Dec 112,221,201     Percent of budget expended 21.57% Note:  Operations and Capital Airport Budget Revenue Expense Jan 288,895           255,451          164,122           Feb 697,977           475,859          305,251           Mar 1,160,641        696,609          405,972           Apr 1,606,298        933,649          560,448           May 1,968,738        1,172,554      700,195           Jun 2,393,975        1,404,923      836,327           Jul 2,822,454        1,639,436      1,063,741       Aug 3,228,920         Sep 3,781,625         Oct 4,374,658         Nov 4,712,186         Dec 5,688,023         Percent of budget expended 18.70% Note:  Operations and Capital $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 $110 $120 Millions Utilities Budget Revenue Expense  $‐  $1.00  $2.00  $3.00  $4.00  $5.00  $6.00 Millions Airport Budget Revenue Expense Page 36 of 37 City of Renton Monthly Enterprise Fund Financial Report ‐ 2017 Budget Year Golf Course Budget Revenue Expense Jan 137,464           60,345            141,202           Feb 293,683           133,495          325,022           Mar 489,627           226,967          523,715           Apr 658,337           415,629          739,488           May 838,487           699,291          933,160           Jun 1,035,356        975,459          1,181,928       Jul 1,262,542        1,367,250      1,387,578       Aug 1,469,281         Sep 1,655,432         Oct 1,851,777         Nov 2,026,038         Dec 2,630,288         Percent of budget expended 52.75% Note:  Operations and Capital  $‐  $0.30  $0.60  $0.90  $1.20  $1.50  $1.80  $2.10  $2.40  $2.70  $3.00 Millions Golf Course Budget Revenue Expense Page 37 of 37