HomeMy WebLinkAboutCity Council Committees - Operations Committee - 09/04/2018
Unless otherwise noted, the Operations Committee meets at 4 p.m. on the first and third
Tuesday of each month in Kent City Hall, Council Chambers East, 220 Fourth Avenue South,
Kent, WA 98032.
For additional information please contact Cathie Everett at 253-856-5705, or via email at
CEverett@KentWA.gov.
Any person requiring a disability accommodation should contact the City Clerk’s Office at
253-856-5725 in advance. For TDD relay service call Washington Telecommunications Relay
Service at 7-1-1.
Operations Committee
Agenda
Chair - Les Thomas
Bill Boyce– Dennis Higgins
Derek Matheson, Chief Administrative Officer
Tuesday, September 4, 2018
4:00 p.m.
Item Description Action Speaker Time
1. Call to Order Chair 01 MIN.
2. Roll Call Chair 01 MIN.
3. Changes to the Agenda Chair 01 MIN.
4. Approval of August 7, 2018
Minutes
YES Chair 05 MIN.
5. Approval of Check Summary YES Chair 05 MIN.
6. Investment Presentation - Info
Only
NO Aaron BeMiller 10 MIN.
7. July Financial Report - Info Only NO Aaron BeMiller 05 MIN.
8. Director's Report - Info Only NO Aaron BeMiller 05 MIN.
9. Adjournment Chair 01 MIN.
Page 1 of 3
Pending Approval
Operations Committee
CC Ops Regular Meeting
Minutes
August 7, 2018
Date: August 7, 2018
Time: 4:00 PM
Place: Chambers East
Attending: Les Thomas, Committee Chair
Bill Boyce, Councilmember
Dennis Higgins, Councilmember
Toni Troutner, Councilmember
Agenda:
1. Call to Order 4:00 PM
4:00 PM
2. Roll Call
Attendee Name Title Status Arrived
Les Thomas Committee Chair Excused
Bill Boyce Councilmember Present
Dennis Higgins Councilmember Present
Toni Troutner Councilmember Present
3. Changes to the Agenda
None
4. Approval of Minutes dated July 17, 2018
MOTION: Move to approve the Minutes dated July 17, 2018
RESULT: APPROVED [UNANIMOUS]
MOVER: Dennis Higgins, Councilmember
SECONDER: Toni Troutner, Councilmember
AYES: Boyce, Higgins, Troutner
5. Approval of Check Summary Report dated 7/1/2018-7/15/2018
MOTION: Move to approve the check summary report dated
7/1/2018-7/15/2018
RESULT: APPROVED [UNANIMOUS]
MOVER: Toni Troutner, Councilmember
SECONDER: Dennis Higgins, Councilmember
AYES: Boyce, Higgins, Troutner
6. Consolidating Budget Adjustment Ordinance for Adjustments
between January 1, 2018 and June 30, 2018 - Adopt
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Operations Committee CC Ops Regular Meeting
Minutes
August 7, 2018
Kent, Washington
Page 2 of 3
Deputy Finance Director Barbara Lopez requested the council approve the
consolidating budget adjustment ordinance for adjustments made between
January 1, 2018 and June 30, 2018, reflecting an overall budget increase of
$11,145,837. Of that amount, $5,065,397 was previously approved by
council. It was noted that typically these are done quarterly however, this
one is for the first half of this year.
Adjustments totaling $6,080,440 not previously approved by Council include:
$4,118,880 for the use of previously collected Transportation Impact Fee
monies; $2,000,000 transfer of General Fund reserves to the Health
Care/Benefits Fund and Capital Resources Fund; $35,000 for temporary
Facilities staff; $21,820 use of ECD downtown strategic action plan monies to
fund downtown place making projects and art; and net reductions of
$(8,150) for liability insurance and $(87,110) for adjustments related to the
non-rep salary survey.
Councilmember Higgins moved to recommend Council approve the
consolidating budget adjustment ordinance for adjustments made between
January 1, 2018 and June 30, 2018, reflecting an overall budget increase of
$11,145,837. Councilmember Troutner seconded the motion which passed 3-
0.
MOTION: Adopt Ordinance No. ____, approving the consolidating
budget adjustments made between January 1, 2018 and June 30,
2018, reflecting an overall budget increase of $11,145,837.
RESULT: RECOMMENDED TO COUNCIL [UNANIMOUS] Next: 8/21/2018
7:00 PM
MOVER: Dennis Higgins, Councilmember
SECONDER: Toni Troutner, Councilmember
AYES: Boyce, Higgins, Troutner
7. 2018-2019 Property Insurance Program Review - Info Only
Risk Manager Chris Hills reviewed the property insurance program and
premium history. Property insurance renewal was July 1 and the premium
remains within the projected budget.
8. June Financial Report - Info Only
Finance Director Aaron BeMiller presented an overall positive budget variance
of $3.9 million. General Fund Reserves are estimated to end the year at
$22.3 million and Revenues are estimated to end the year approximately
$3.3 million (3.2%) higher than expected. Proposed plans are to move about
$1 million of the excess fund balance to the LEOFF 1 long-term care fund to
help cover required expenses, and an additional $250,000 to the Wellness
Fund to ensure that we are in accordance with state law on reserves in that
fund.
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Operations Committee CC Ops Regular Meeting
Minutes
August 7, 2018
Kent, Washington
Page 3 of 3
Through June, all departments are remaining fairly close to budget with an
overall favorable budget variance of $573,000, or 0.5%.
9. Director's Report - Info Only
Finance Director Aaron BeMiller provided an overview of the citywide debt,
the annual status of interfund loans and noted special recognition to Angie
Fealy, Cheryl Lopez, Dan Leahy and Lavina Brennecke for preparation of the
Debt Manual.
BeMiller touched on Limited Tax General Obligation Bonds, Longterm Notes
and Revenue Debt from the Debt Manual and then discussed in more depth
the City's Interfund Loans.
Discussion included a question from Council President Boyce and follow-up by
Councilmember Higgins regarding the LED lighting project and whether we
are realizing a cost savings on utility bills that is equal to the cost of the
interfund loan. BeMiller indicated he will need to get the answer to that
question and report back next month.
An additional question was raised by Councilmember Higgins whether there
is a limit to what can be taken out from a trust fund and whether we are
close to that limit. BeMiller will get the answer and report back next month.
10. Adjournment 4:44 PM
The meeting was adjourned at 4:44 by Council President Boyce.
Committee Secretary
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OPERATIONS COMMITTEE
Derek Matheson, Chief Administrative Officer
220 Fourth Ave S
Kent, WA 98032
256-856-5712
DATE: September 4, 2018
TO: Operations Committee
SUBJECT: Approval of Check Summary Reports dated 07/16/2018 -
07/31/2018 & 08/01/2018 - 08/15/2018
MOTION: Move to approve the check summary reports dated 07/16/2018-
07/31/2018 & 08/01/2018-08/15/2018
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FINANCE DEPARTMENT
Aaron BeMiller, Finance Director
220 Fourth Avenue South
Kent, WA 98032
253-856-5264
DATE: September 4, 2018
TO: Operations Committee
SUBJECT: Investment Presentation - Info Only
SUMMARY: Per City policy, once a quarter the finance director shall submit a
report to the Operations Committee that summarizes the City’s investment
portfolio.
SUPPORTS STRATEGIC PLAN GOAL:
Sustainable Services
ATTACHMENTS:
1. Q2.2018 Investment Reports (PDF)
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CITY OF KENT
INVESTMENT PORTFOLIO
¡une 30, 2018
Market ValuePurchase Investment
I
8 1.891o/o
2.1600/o
19,013,689
95,152,672
19,013,699
95,t52,672
to
WA State LGIP
Cash -nk
Overnight
911
Kent Portfolio
r Cash
r WA State LGIP
r U.S. Treasuries
r Supra National Bonds
r Municipal Bonds
r Gov't, Agencies
r Corporate Notes
r Commercial Paper
- Bank Notes
PFM initiated 12 investment trades in the 2nd quarter of 2018.
The PFM managed portfolio held 85 investments at 06/30/2018.
In April 2018 the first Municipal Bond was added to the PFM managed portfolio.
Portfolio allocations at 03/3L/2018 were in compliance with the City's investment policy
Q2-20 18 i nvestment i nterest revenue : $7 06,522.08
YTD -2018 investment interest revenue: $I,270,397.L9
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GITY OF KENT
CASH AND INVESTMENTS BY TYPE
QUARTER ENDING BALANCES
2017 Q2-Q4 AND 2018 Q1-Q2
250,000,000
200,000,000
150,000,000
-rra--- Toht c&l
+LGIP
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100,000,000
50,000,000
2nd Quarter 2017 3rd Quarter 2017 4th Quarter 2017 1 st Quarter 2018 2nd Quarter 2018
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CASH AND INVESTMENTS
MONTH ENDING BALANCES
2016t2017t2018
250,000,000
200,000,000
150,000,000
-æ18
100,000,000
50,000,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
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Quarterly Interest Earnings
Q2,2OL7 - Q2,2OL8
700,000
633,600
600,000 58s
500,000 485
400,000
300,000
248,798
200,000
100,000
Q220L7 Q320L7 Q420L7 Ql2018 Q2 2018
I General Fund r Other Funds
LzL,O73
I79. ))\93,64393,LLL
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pfm
CITY OF KENT. 4882OOOO
Description
U.S. Treasury Bond / Note
Supra-National Agency Bond / Note
Municipal Bond / Note
Federal Agency Bond / Note
Corporate Note
Commercial Paper
Bank Note
Managed Account Sub-Total
Accrued Interest
Total Portfolio
Unsetüed Trades
Portfolio Summary and Statistics
ParValue MarketValue Percent
35,490,000.00
4,165,000.00
455,000.00
25,054,000.00
12,140,000.00
2,750,000.00
495.000.00
80,549,000.00
34,574,780.L4
4,092,246.52
453,917.L0
24,427,735.98
t2,007,374.68
2,7L9,704.25
482,707.67
78t7 58,466.34 100.00o/o
320,273.94
US TSY Bond / Note
43.89o/o
Supra-National
Agency Bond /
5.20o/o
Muni Bond /
0.58o/o
Yield to Maturity at Cost
Yield to Maturity at Market
Duration to Worst
Weighted Average Days to Maturity
For the Month Ending June 30, 2018
Note
0.6Lo/o
Commercial Paper
3.45o/o
Note
15.25o/o
Fed Agy Bond /
Note
3!.020/o
2.160/o
2.690/o
2.39
911
43.89
5.20
0.58
31.02
15.2s
3.45
0.61
29.25o/o
80,549,000.00 79,O78,t74O.29
0.00 0.00
18.46o/o
t6.L3o/o
26.93o/o
6.70o/o
f--
2.53o/o
-l
0-6Months 6-12Months 1-2Years 2-3Years 3-4Years 4-5Years Over5years
Account Summary Sector Allocation
Maturity Distribution Characteristics
FFM Asset Management LLC Account 48820000 Page 2
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FINANCE DEPARTMENT
Aaron BeMiller, Finance Director
220 Fourth Avenue South
Kent, WA 98032
253-856-5264
DATE: September 4, 2018
TO: Operations Committee
SUBJECT: July Financial Report - Info Only
SUPPORTS STRATEGIC PLAN GOAL:
Sustainable Services
ATTACHMENTS:
1. July Monthly Report (PDF)
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2018
Adj Budget
2018
YTD
2018
Est Actual
Variance
Favorable
(Unfavorable)
%Variance
Favorable
(Unfavorable)
Revenues 103,130,990 60,791,419 107,363,310 4,232,320 4.1%
Expenditures 105,320,667 51,738,892 106,061,820 (741,153) -0.7%
Net Revenues Less Expenditures (2,189,677) 9,052,527 1,301,490 3,491,167
Beginning Fund Balance 21,595,175 21,595,175
Ending Fund Balance 19,405,498 22,896,665
Ending Fund Balance Detail:
General Fund Reserves 18,815,328 21,904,315
17.9%20.7%
Restricted for Annexation 590,170 992,350
Revenue Overview
Expenditures Overview
Required Ending Fund Balance Calculation
Estimated Expenditures for 2018 (from above)106,061,820
18.0%
18% GF Ending Fund Balance 19,091,128
July 2018 Monthly Financial Report
City of Kent, Washington
General Fund Overview
Summary
Analysis through July shows an overall positive budget variance of $3.5 million.
The budgeted use of fund balance is offset by the positive budget variance of $3.5 million, creating a net surplus of
$1.3m.
General Fund Reserves are estimated to end the year at $21.9 million, or 20.7% of estimated 2018 expenditures.
Revenues are estimated to end the year approximately $4.2 million (4.1%) higher than budgeted.
Through July, all departments are remaining fairly close to budget with an overall budget variance of $-741
thousand or -0.7% due to $1.25m in transfers to other funds (See GF Expenditure page). Budget will be updated in
August and will be included in the next supplemental budget ordinance.
6.93
2.06 0.83 0.64
4.13
7.65
9.46 11.91
18.92
20.65 21.90
0.00
5.00
10.00
15.00
20.00
25.00
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Est. 2018
General Fund Ending Fund Balance 10-year History (excluding Annexation)$ in
millions
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Revenue Categories 2018
Adj Budget
2018
YTD
2018
Est Actual
Variance
Favorable
(Unfavorable)
%Variance
Favorable
(Unfavorable)
Taxes:
Property 29,532,710 15,966,538 29,890,240 357,530 1.2%
Sales & Use 21,100,310 13,312,609 22,349,640 1,249,330 5.9%
Utility 19,150,880 11,783,475 19,162,060 11,180 0.1%
Business & Occupation 8,890,480 3,722,837 8,945,040 54,560 0.6%
Other 879,260 557,608 1,012,810 133,550 15.2%
Licenses and Permits 5,695,870 4,827,175 7,172,970 1,477,100 25.9%
Intergovernmental Revenue 7,946,370 4,333,403 7,735,820 (210,550) -2.6%
Charges for Services 5,844,610 4,190,226 6,738,330 893,720 15.3%
Fines and Forfeitures 1,565,970 707,161 1,294,140 (271,830) -17.4%
Miscellaneous Revenue 1,574,530 1,390,387 2,112,260 537,730 34.2%
Transfers In 950,000 - 950,000 -
Total Revenues 103,130,990 60,791,419 107,363,310 4,232,320 4.1%
Fines & Forfeitures: $271k decrease due primarily to lower than anticipated civil penalties to date ($322k), offset
by increase in B&O penalties of $78k.
Miscellaneous Revenue: $537k increase due to interest income ($173k), rents & royaties ($86k), and
miscellaneous revenue ($268k - mostly Patrol/Investigator reimbursements of $150k and medical rebates of $105k in
July).
July 2018 Monthly Financial Report
City of Kent, Washington
General Fund Overview - Revenues
Variance analysis for revenues is provided for particular line items or those in which the estimated actual amount
differs from the budgeted amount by at least 10% or minimum of $500,000.
Variance Notes
Charges & Services: $893k increase over budget due to higher planning development service charges of $1.1m
than budgeted, offset by decreases in public safety charges of (129k), Culture & Rec (58k), & Gen Govt (46k).
Licenses and Permits: $1.5m increase due to $1m of bldg/struc permits, $250k in higher street/curb permits,
$120k in fire permits, & $120k in business licenses & franchise fees.
Sales & Use Tax: $1.2m increase due to higher than anticipated sales tax revenues in May, June, & July.
Property Taxes
28%
Sales Taxes
21%
Utility Taxes
18%
B&O Taxes
8%Other Taxes
1%
Licenses and Permits
7%
Intergovernmental
7%
Charges for Services
6%
Fines & Forfeits 2%
Misc & Transfers In
3%
Other
24%
2018 Estimated
General Fund
Revenues
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Prior Year
Revenues
Budgeted
Revenues
Actual
Revenues
January 5,578 6,021 5,721
February 5,024 5,516 5,542
March 7,586 8,148 7,432
April 17,008 16,729 18,343
May 6,492 7,431 8,891
June 6,175 6,633 6,778
July 7,351 6,916 8,084
August 5,581 5,633 0
September 6,738 7,301 0
October 15,494 16,964 0
November 6,875 6,659 0
December 11,017 9,180 0
Total 100,919 103,131 60,791
Prior Year
Revenues
Budgeted
Revenues
Actual
Revenues
January 0 11 0
February 197 224 213
March 711 966 736
April 9,768 11,775 12,768
May 1,324 2,345 1,860
June 109 160 121
July 26 56 269
August 85 107 0
September 561 665 0
October 8,610 11,300 0
November 1,361 1,668 0
December 249 256 0
Total 23,000 29,533 15,967
Prior Year
Revenues
Budgeted
Revenues
Actual
Revenues
January 1,686 1,610 1,761
February 1,986 2,056 2,045
March 1,550 1,560 1,810
April 1,547 1,553 1,604
May 1,836 1,781 2,074
June 1,587 1,456 2,019
July 1,739 1,724 2,000
August 1,964 1,918 0
September 1,693 1,771 0
October 1,783 1,765 0
November 1,841 1,916 0
December 1,898 1,992 0
Total 21,109 21,100 13,313
July 2018 Monthly Financial Report
City of Kent, Washington
General Fund Revenues ($ in Thousands)
All Revenues Sources
Property Tax
Sales Tax
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
18 Bud 17 Act 18 Act
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
18 Bud 17 Act 18 Act
$0
$5,000
$10,000
$15,000
$20,000
$25,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
18 Bud 17 Act 18 Act
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July 2018 Monthly Financial Report
City of Kent, Washington
General Fund Revenues ($ in Thousands)
Prior Year
Revenues
Budgeted
Revenues
Actual
Revenues
January 1,842 2,052 1,860
February 1,829 1,675 1,771
March 1,739 1,606 1,719
April 1,873 1,817 1,737
May 1,566 1,486 1,602
June 1,505 1,363 1,447
July 1,631 1,707 1,647
August 1,479 1,434 0
September 1,574 1,674 0
October 1,536 1,498 0
November 1,535 1,443 0
December 1,540 1,396 0
Total 19,648 19,151 11,783
Prior Year
Revenues
Budgeted
Revenues
Actual
Revenues
January 1 6 1
February 4 24 3
March 494 265 33
April 1,945 1,888 322
May 232 338 1,688
June 153 123 223
July 1,984 1,753 2,011
August 185 364 0
September 8 92 0
October 1,950 1,965 0
November 578 358 0
December 2,509 2,595 0
Total 10,042 9,770 4,280
Prior Year
Revenues
Budgeted
Revenues
Actual
Revenues
January 2,049 1,697 2,099
February 1,008 948 1,510
March 3,092 2,765 3,135
April 1,876 1,597 1,912
May 1,534 1,519 1,667
June 2,820 2,980 2,968
July 1,969 1,610 2,157
August 1,868 1,467 0
September 2,902 2,758 0
October 1,615 1,931 0
November 1,561 1,195 0
December 4,821 3,110 0
Total 27,119 23,577 15,448
Utility Tax
Other Taxes
Other Revenues
(Intergovernmental, Licenses & Permits, Charges for Service, Fines & Forfeits, and Misc Revenues)
$0
$5,000
$10,000
$15,000
$20,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
18 Bud 17 Act 18 Act
$0
$2,000
$4,000
$6,000
$8,000
$10,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
18 Bud 17 Act 18 Act
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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Department 2018
Adj Budget
2018
YTD
2018
Est Actual
Variance
Favorable
(Unfavorable)
%Variance
Favorable
(Unfavorable)
City Council 409,150 208,981 378,700 30,450 7.4%
Mayor's Office/City Clerk 3,063,990 1,342,004 2,696,300 367,690 12.0%
Economic & Community Dev 7,305,340 3,910,418 7,083,800 221,540 3.0%
Finance 3,007,710 1,852,167 3,103,600 (95,890) -3.2%
Fire Contracted Services 3,657,530 2,192,569 3,679,977 (22,447) -0.6%
Human Resources 2,213,030 1,214,551 2,175,000 38,030 1.7%
Information Technology 519,450 294,804 511,064 8,386 1.6%
Law 1,777,920 994,919 1,772,000 5,920 0.3%
Municipal Court 3,405,030 1,920,447 3,379,900 25,130 0.7%
Parks, Recreation & Comm Svcs 18,488,507 10,117,866 18,204,900 283,607 1.5%
Police 38,863,160 22,790,864 39,325,000 (461,840) -1.2%
Public Works 1,318,470 682,095 1,210,200 108,270 8.2%
Non-Departmental 21,291,380 4,217,208 22,541,380 (1,250,000) -5.9%
Total Expenditures 105,320,667 51,738,892 106,061,820 (741,153) -0.7%
July 2018 Monthly Financial Report
City of Kent, Washington
General Fund Overview - Expenditures
Variance analysis for expenditures is provided for particular departments or those in which the estimated actual
amount differs from the budgeted amount by at least 10% or a minimum of $500,000.
Variance Notes
Mayor's Office/City Clerk: $367k favorable variance from Salary & Benefit savings of $194k due primarily to
vacant positions and a reversal/correction of a prior year accrual for Mayor Cooke's pension (prior year was
overstated) and Services savings of $158k.
Non-departmental: $1.25m negative variance due to transfers to the LEOFF 1 Fund ($1m) and Healthcare Fund
($.25m). Budget will be updated in August and will be included in the next supplemental budget
ordinance.
City Council
Mayor's Office/City
Clerk
3%
ECD
7%
Finance
3%
Fire Contracted
Services
3%
Human Resources
2%
Information
Technology
Law
2%
Municipal Court
3%
Parks, Recreation &
Comm Svcs
17%
Police
37%
Public Works
1%
Non-Departmental
21%
Other
9%
2018 Estimated General Fund Expenditures
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2017 2018 2018 2018
Actuals Adj Budget YTD Est Actual
Beginning Fund Balance 19,987,828 21,595,175 21,595,175 21,595,175
Revenues
Taxes:
Property 22,999,864 29,532,710 15,966,538 29,890,240
Sales & Use 21,109,277 21,100,310 13,312,609 22,349,640
Utility 19,648,349 19,150,880 11,783,475 19,162,060
Business & Occupation 9,141,800 8,890,480 3,722,837 8,945,040
Other 900,663 879,260 557,608 1,012,810
Licenses and Permits 6,962,130 5,695,870 4,827,175 7,172,970
Intergovernmental Revenue 8,102,414 7,946,370 4,333,403 7,735,820
Charges for Services 7,328,567 5,844,610 4,190,226 6,738,330
Fines and Forfeitures 1,549,964 1,565,970 707,161 1,294,140
Miscellaneous Revenue 2,241,585 1,574,530 1,390,387 2,112,260
Transfers In 934,128 950,000 - 950,000
Total Revenues 100,918,740 103,130,990 60,791,419 107,363,310
Expenditures
City Council 349,577 409,150 208,981 378,700
Mayor's Office/City Clerk 2,745,792 3,063,990 1,342,004 2,696,300
Economic & Community Dev 5,841,098 7,305,340 3,910,418 7,083,800
Finance 2,522,554 3,007,710 1,852,167 3,103,600
Fire Contracted Services 3,668,180 3,657,530 2,192,569 3,679,977
Human Resources 1,835,276 2,213,030 1,214,551 2,175,000
Information Technology 521,151 519,450 294,804 511,064
Law 1,600,451 1,777,920 994,919 1,772,000
Municipal Court 3,128,652 3,405,030 1,920,447 3,379,900
Parks, Recreation & Comm Svcs 16,655,356 18,488,507 10,117,866 18,204,900
Police 37,167,622 38,863,160 22,790,864 39,325,000
Public Works 1,111,563 1,318,470 682,095 1,210,200
Non-Departmental 22,164,122 21,291,380 4,217,208 22,541,380
Total Expenditures 99,311,394 105,320,667 51,738,892 106,061,820
Net Revenues less Expenditures 1,607,347 (2,189,677) 9,052,527 1,301,490
Ending Fund Balance 21,595,175 19,405,498 30,647,703 22,896,665
Ending Fund Balance Detail:
General Fund Reserves 20,654,417 18,815,328 21,904,315
based on same year actuals/budget 20.8% 17.9% 20.7%
Restricted for Annexation 940,759 590,170 992,350
July 2018 Monthly Financial Report
City of Kent, Washington
General Fund
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2016 2017 2018 % of
thru July thru July thru July Budget
Revenues
Taxes:
Property 11,911,266 12,134,733 15,966,538 3,831,804 31.6%53.1%
Sales & Use 11,115,598 11,930,710 13,312,609 1,381,899 11.6%51.6%
Utility 11,426,045 11,985,004 11,783,475 (201,530) -1.7%54.6%
Business & Occupation 3,584,640 4,389,635 3,722,837 (666,798) -15.2%28.8%
Other 450,400 424,268 557,608 133,340 31.4%30.6%
Licenses and Permits 3,424,664 3,762,594 4,827,175 1,064,581 28.3%51.9%
Intergovernmental Revenue 4,316,195 4,314,445 4,333,403 18,959 0.4%52.7%
Charges for Services 3,149,739 4,012,177 4,190,226 178,049 4.4%67.8%
Fines and Forfeitures 941,547 1,038,162 707,161 (331,001) -31.9%57.7%
Miscellaneous Revenue 1,006,246 1,223,334 1,390,387 167,053 13.7%65.7%
Transfers In - - - -
Total Revenues 51,326,339 55,215,062 60,791,419 5,576,357 10.1%58.9%
Expenditures
City Council 180,769 206,362 208,981 2,620 1.3%51.1%
Mayor's Office/City Clerk 1,328,260 1,326,882 1,342,004 15,123 1.1%43.8%
Economic & Community Dev 3,134,056 3,259,645 3,910,418 650,773 20.0%53.5%
Finance 1,600,339 1,430,631 1,852,167 421,536 29.5%61.6%
Fire Contracted Services 2,128,384 2,166,770 2,192,569 25,798 1.2%59.9%
Human Resources 895,648 1,025,635 1,214,551 188,916 18.4%54.9%
Information Technology 299,944 312,612 294,804 (17,808) -5.7%56.8%
Law 847,867 902,946 994,919 91,973 10.2%56.0%
Municipal Court 1,780,970 1,809,197 1,920,447 111,250 6.1%56.4%
Parks, Recreation & Comm Svcs 9,073,732 9,493,625 10,117,866 624,241 6.6%54.7%
Police 20,152,038 21,324,904 22,790,864 1,465,960 6.9%58.6%
Public Works 884,266 677,388 682,095 4,707 0.7%51.7%
Non-Departmental 1,898,281 2,846,140 4,217,208 1,371,068 48.2%19.8%
Total Expenditures 44,204,554 46,782,736 51,738,892 4,956,155 10.6%49.1%
*General Govt. includes City Council, Mayor/Clerk, HR, IT, & Finance
Variance
July 2018 Monthly Financial Report
City of Kent, Washington
General Fund
Year-to-Year Month Comparison
2018-17
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
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Sales &
Use Taxes
Utility
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Revenues
GF Revenues thru July
2016
2017
2018
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10,000,000
15,000,000
20,000,000
25,000,000
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Govt.
ECD Non-Dept
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2016
2017
2018
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2018 2018 2018 2018
Beginning Fund
Balance
Estimated
Revenues
Estimated
Expenditures
Ending Fund
Balance
Operating revenues and expenditures only; capital and non-capital projects are excluded.
General Fund 21,595,174 107,363,310 106,061,820 22,896,664
Street Fund 5,873,486 13,153,190 15,198,840 3,827,836
LEOFF 1 Retiree Benefits 1,296,372 2,083,600 1,350,000 2,029,972
Lodging Tax 457,557 291,110 392,750 355,917
Youth/Teen Programs 104,887 936,220 942,000 99,107
Capital Resources 15,646,334 22,924,930 23,130,430 15,440,834
Criminal Justice 7,197,004 4,560,000 4,400,000 7,357,004
ShoWare Operating 2,518,894 1,344,430 1,102,020 2,761,304
Other Operating 526,158 120,650 80,000 566,808
Councilmanic Debt Service 986,220 11,031,820 10,066,990 1,951,050
Special Assessments Debt Service 582,661 1,504,460 1,563,470 523,651
Water Utility 20,803,436 26,602,500 26,750,000 20,655,936
Sewer/Drainage Utility 24,390,396 55,551,850 55,000,000 24,942,246
Solid Waste Utility 479,431 754,500 707,330 526,601
Golf Complex (3,816,932) 8,800,540 5,980,000 (996,392)
Fleet Services 5,869,149 4,761,160 7,800,000 2,830,309
Central Services (3,113) 396,000 390,000 2,887
Information Technology 3,593,294 8,230,950 8,450,000 3,374,244
Facilities 2,316,961 4,927,660 4,800,000 2,444,621
Unemployment 1,424,508 123,900 171,990 1,376,418
Workers Compensation 2,374,326 1,135,000 1,350,000 2,159,326
Employee Health & Wellness 2,960,567 13,995,000 14,000,000 2,955,567
Liability Insurance 1,661,132 1,610,000 1,800,000 1,471,132
Property Insurance 652,035 575,600 472,700 754,935
Enterprise Funds
Internal Service Funds
July 2018 Monthly Financial Report
City of Kent, Washington
Fund Balances
General Fund
Special Revenue Funds
Debt Service Funds
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2016 2017 2018 2018 2018
Actual Actual Budget YTD Est Actual
Operating revenues and expenditures only; capital and non-capital projects are excluded.
In instances where expenditures exceed revenues, fund balance is being utilized.
Street Fund
Revenues 14,254,751 14,407,771 11,921,560 6,999,043 13,153,190
Expenditures 14,369,693 12,511,397 15,198,840 7,163,351 15,198,840
Net Revenues Less Expenditures (114,942)1,896,373 (3,277,280)(164,308)(2,045,650)
LEOFF 1 Retiree Benefits
Revenues 1,035,289 1,285,285 1,193,480 456,412 2,083,600
Expenditures 954,561 1,163,174 1,196,550 836,915 1,350,000
Net Revenues Less Expenditures 80,728 122,111 (3,070)(380,503)733,600
Lodging Tax
Revenues 294,859 316,975 286,610 148,799 291,110
Expenditures 219,989 328,804 392,750 238,753 392,750
Net Revenues Less Expenditures 74,870 (11,830)(106,140)(89,954)(101,640)
Youth/Teen Programs
Revenues 911,855 955,757 936,220 575,261 936,220
Expenditures 942,000 942,000 942,000 942,000
Net Revenues Less Expenditures (30,145)13,757 (5,780)575,261 (5,780)
Capital Resources
Revenues 20,751,646 19,948,247 18,606,830 10,848,558 22,924,930
Expenditures 15,248,984 15,579,639 23,130,430 2,744,213 23,130,430
Net Revenues Less Expenditures 5,502,662 4,368,607 (4,523,600)8,104,345 (205,500)
Criminal Justice
Revenues 4,873,770 6,032,589 4,200,900 2,855,594 4,560,000
Expenditures 3,157,680 4,533,302 4,306,560 2,402,045 4,400,000
Net Revenues Less Expenditures 1,716,090 1,499,287 (105,660)453,548 160,000
ShoWare Operating
Revenues 1,647,988 1,355,226 1,234,430 450,970 1,344,430
Expenditures 1,097,457 1,067,836 1,102,020 519,810 1,102,020
Net Revenues Less Expenditures 550,531 287,390 132,410 (68,840)242,410
Other Operating
Revenues 135,731 129,338 120,650 5,000 120,650
Expenditures 63,059 40,094 120,650 43,467 80,000
Net Revenues Less Expenditures 72,672 89,244 (38,467)40,650
Councilmanic Debt Service
Revenues 86,581,322 10,781,229 10,531,820 2,620,517 11,031,820
Expenditures 85,720,181 10,316,403 10,066,990 2,620,517 10,066,990
Net Revenues Less Expenditures 861,141 464,826 464,830 964,830
Special Assessment Debt Service
Revenues 2,151,133 1,979,573 1,504,460 710,077 1,504,460
Expenditures 3,032,661 2,585,818 1,563,470 188,577 1,563,470
Net Revenues Less Expenditures (881,528)(606,245)(59,010)521,501 (59,010)
Debt Service Funds
July 2018 Monthly Financial Report
City of Kent, Washington
Other Funds Overview (Revenues and Expenditures)
Special Revenue Funds
2018 estimated expenditures higher due to increased long-term care costs - a budget adjustment will be required
before year end.
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Actual Actual Budget YTD Est Actual
Operating revenues and expenditures only; capital and non-capital projects are excluded.
In instances where expenditures exceed revenues, fund balance is being utilized.
July 2018 Monthly Financial Report
City of Kent, Washington
Other Funds Overview (Revenues and Expenditures)
Water Utility
Revenues 24,526,000 28,209,235 25,718,320 16,027,297 26,602,500
Expenditures 21,654,832 26,577,932 28,943,430 12,697,517 26,750,000
Net Revenues Less Expenditures 2,871,168 1,631,303 (3,225,110)3,329,780 (147,500)
Sewer/Drainage Utility
Revenues 53,289,642 54,240,288 53,455,350 33,211,247 55,551,850
Expenditures 50,599,649 49,060,469 57,617,920 25,121,241 55,000,000
Net Revenues Less Expenditures 2,689,993 5,179,819 (4,162,570)8,090,006 551,850
Solid Waste Utility
Revenues 774,072 754,868 749,500 448,885 754,500
Expenditures 471,180 577,964 707,330 457,911 707,330
Net Revenues Less Expenditures 302,892 176,904 42,170 (9,026)47,170
Golf Complex
Revenues 2,475,682 3,027,079 2,871,410 7,478,545 8,800,540
Expenditures 3,188,762 3,081,308 2,932,980 2,105,743 5,980,000
Net Revenues Less Expenditures (713,080)(54,229)(61,570)5,372,802 2,820,540
Fleet Services
Revenues 4,769,001 5,480,210 4,761,160 2,939,383 4,761,160
Expenditures 3,974,431 4,164,630 9,119,000 3,001,881 7,800,000
Net Revenues Less Expenditures 794,570 1,315,580 (4,357,840)(62,499)(3,038,840)
Central Services
Revenues 382,444 350,602 449,310 231,331 396,000
Expenditures 399,786 290,147 421,150 241,188 390,000
Net Revenues Less Expenditures (17,342)60,455 28,160 (9,857)6,000
Information Technology
Revenues 7,717,834 8,173,478 8,129,885 4,850,916 8,230,950
Expenditures 6,905,076 8,175,302 8,706,380 4,607,584 8,450,000
Net Revenues Less Expenditures 812,757 (1,824)(576,495)243,332 (219,050)
Facilities
Revenues 5,556,854 4,737,520 4,904,580 2,875,801 4,927,660
Expenditures 4,881,741 4,761,950 5,142,110 2,347,753 4,800,000
Net Revenues Less Expenditures 675,113 (24,429)(237,530)528,048 127,660
Unemployment
Revenues 420,226 167,215 121,700 89,881 123,900
Expenditures 126,718 75,154 171,990 100,269 171,990
Net Revenues Less Expenditures 293,508 92,061 (50,290)(10,388)(48,090)
Workers Compensation
Revenues 1,200,476 1,082,091 1,074,800 670,939 1,135,000
Expenditures 1,436,775 1,013,278 1,442,430 611,740 1,350,000
Net Revenues Less Expenditures (236,299)68,813 (367,630)59,199 (215,000)
Enterprise Funds
Internal Service Funds
Note: Golf revenues include proceeds from the sale of land of $500k in 2017 and $6m in 2018. 2018 Exp include
$3.2m transfer to Capital Projects
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Actual Actual Budget YTD Est Actual
Operating revenues and expenditures only; capital and non-capital projects are excluded.
In instances where expenditures exceed revenues, fund balance is being utilized.
July 2018 Monthly Financial Report
City of Kent, Washington
Other Funds Overview (Revenues and Expenditures)
Employee Health & Wellness
Revenues 10,688,926 11,707,967 13,745,990 8,226,052 13,995,000
Expenditures 12,130,696 13,428,552 14,629,950 7,893,470 14,000,000
Net Revenues Less Expenditures (1,441,770)(1,720,584)(883,960)332,582 (5,000)
Liability Insurance
Revenues 1,447,027 2,087,755 1,510,060 980,090 1,610,000
Expenditures 2,145,627 2,180,680 1,925,930 1,623,049 1,800,000
Net Revenues Less Expenditures (698,600)(92,925)(415,870)(642,959)(190,000)
2018: Fund may need budget change before year end.
Property Insurance
Revenues 628,105 556,770 565,920 347,099 575,600
Expenditures 445,135 436,283 526,490 599,762 472,700
Net Revenues Less Expenditures 182,970 120,487 39,430 (252,663)102,900
0
10,000,000
20,000,000
30,000,000
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60,000,000
70,000,000
80,000,000
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100,000,000
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Actuals
2017
Actuals
2018
Budget
2018
Est.
Actuals
Other Fund Revenues
Special
Revenue
Funds
Enterprise
Funds
Internal
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Funds
0
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10,000,000
15,000,000
20,000,000
25,000,000
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35,000,000
40,000,000
45,000,000
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General Fund Special Revenue
Funds
Enterprise Funds Internal Service
Funds
2018 Estimated Fund Balances
Beginning
Balance
Estimated
Ending Balance
0
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
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2016
Actuals
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Actuals
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Budget
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Actuals
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Special
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Funds
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Funds
Internal
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thru July thru July thru July
Operating revenues and expenditures only; capital and non-capital projects are excluded.
Street Fund
Revenues 6,523,891 6,783,752 6,999,043 215,290 3.2%
Expenditures 5,428,505 6,389,978 7,163,351 773,373 12.1%
Net Revenues Less Expenditures 1,095,386 393,774 (164,308)
LEOFF 1 Retiree Benefits
Revenues 432,696 559,312 456,412 (102,900)-18.4%
Expenditures 515,096 654,800 836,915 182,115 27.8%
Net Revenues Less Expenditures (82,400)(95,488)(380,503)
2016 revenues reflect a timing difference because of revenues that were not booked until June.
Lodging Tax
Revenues 130,243 141,118 148,799 7,681 5.4%
Expenditures 152,570 197,009 238,753 41,744 21.2%
Net Revenues Less Expenditures (22,327)(55,891)(89,954)
Youth/Teen Programs
Revenues 548,767 590,423 575,261 (15,162)-2.6%
Expenditures
Net Revenues Less Expenditures 548,767 590,423 575,261
Capital Resources
Revenues 8,599,335 9,471,493 10,848,558 1,377,065 14.5%
Expenditures 2,882,125 2,195,013 2,744,213 549,199
Net Revenues Less Expenditures 5,717,210 7,276,479 8,104,345
Criminal Justice
Revenues 2,759,970 2,757,434 2,855,594 98,160 3.6%
Expenditures 1,655,904 2,481,367 2,402,045 (79,321)-3.2%
Net Revenues Less Expenditures 1,104,066 276,067 453,548
ShoWare Operating
Revenues 471,942 179,265 450,970 271,706 151.6%
Expenditures 149,849 220,652 519,810 299,158 135.6%
Net Revenues Less Expenditures 322,093 (41,388)(68,840)
Admissions Tax revenues received quarterly (April, July, September, January)
Other Operating
Revenues 5,000 5,000
Expenditures 52,984 26,237 43,467 17,231 65.7%
Net Revenues Less Expenditures (52,984)(26,237)(38,467)
Combines several small programs, including City Art Program and Neighborhood Matching Grants
July 2018 Monthly Financial Report
City of Kent, Washington
Other Funds Overview (Revenues and Expenditures)
Year-to-Year Month Comparison
2018-17
Special Revenue Funds
Variance
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Operating revenues and expenditures only; capital and non-capital projects are excluded.
July 2018 Monthly Financial Report
City of Kent, Washington
Other Funds Overview (Revenues and Expenditures)
Year-to-Year Month Comparison
2018-17
Variance
Councilmanic Debt Service
Revenues 78,737,078 2,721,443 2,620,517 (100,926)-3.7%
Expenditures 78,679,169 2,721,443 2,620,517 (100,926)-3.7%
Net Revenues Less Expenditures 57,909
Debt service payments are generally due in June and December.
Special Assessments Debt Service
Revenues 1,287,708 993,473 710,077 (283,395)-28.5%
Expenditures 425,267 196,552 188,577 (7,976)-4.1%
Net Revenues Less Expenditures 862,441 796,920 521,501
Water Utility
Revenues 13,666,401 15,144,244 16,027,297 883,053 5.8%
Expenditures 11,543,707 10,837,358 12,697,517 1,860,159 17.2%
Net Revenues Less Expenditures 2,122,694 4,306,886 3,329,780
Sewer/Drainage Utility
Revenues 28,892,071 30,685,202 33,211,247 2,526,045 8.2%
Expenditures 25,048,612 26,082,304 25,121,241 (961,064)-3.7%
Net Revenues Less Expenditures 3,843,459 4,602,897 8,090,006
Solid Waste Utility
Revenues 358,257 350,797 448,885 98,088 28.0%
Expenditures 268,710 286,910 457,911 171,001 59.6%
Net Revenues Less Expenditures 89,548 63,887 (9,026)
Golf Complex
Revenues 1,572,018 1,509,433 7,478,545 5,969,112 395.5%
Expenditures 1,778,707 1,569,873 2,105,743 535,871 34.1%
Net Revenues Less Expenditures (206,689)(60,440)5,372,802
2017 revenues down due to inclement weather conditions in Q1. 2018 includes $6m sale of land.
Fleet Services
Revenues 2,791,708 2,859,629 2,939,383 79,754 2.8%
Expenditures 2,199,496 1,988,009 3,001,881 1,013,872 51.0%
Net Revenues Less Expenditures 592,212 871,619 (62,499)
Central Services
Revenues 230,408 196,098 231,331 35,233 18.0%
Expenditures 230,717 154,434 241,188 86,754 56.2%
Net Revenues Less Expenditures (309)41,664 (9,857)
Debt Service Funds
Enterprise Funds
Internal Service Funds
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July 2018 Monthly Financial Report
City of Kent, Washington
Other Funds Overview (Revenues and Expenditures)
Year-to-Year Month Comparison
2018-17
Variance
Information Technology
Revenues 4,373,936 4,602,714 4,850,916 248,202 5.4%
Expenditures 3,312,510 3,361,135 4,607,584 1,246,450 37.1%
Net Revenues Less Expenditures 1,061,426 1,241,579 243,332
Facilities
Revenues 3,133,921 2,740,245 2,875,801 135,556 4.9%
Expenditures 2,423,859 2,309,713 2,347,753 38,040 1.6%
Net Revenues Less Expenditures 710,063 430,532 528,048
Unemployment
Revenues 242,200 104,851 89,881 (14,970)-14.3%
Expenditures 99,436 36,904 100,269 63,366 171.7%
Net Revenues Less Expenditures 142,764 67,947 (10,388)
Workers Compensation
Revenues 684,048 615,275 670,939 55,664 9.0%
Expenditures 638,241 606,239 611,740 5,501 0.9%
Net Revenues Less Expenditures 45,807 9,036 59,199
Employee Health & Wellness
Revenues 6,234,955 6,304,351 8,226,052 1,921,701 30.5%
Expenditures 6,727,060 8,137,150 7,893,470 (243,679)-3.0%
Net Revenues Less Expenditures (492,105)(1,832,799)332,582
Liability Insurance
Revenues 665,644 1,556,608 980,090 (576,518)-37.0%
Expenditures 1,344,370 2,280,275 1,623,049 (657,226)-28.8%
Net Revenues Less Expenditures (678,726)(723,668)(642,959)
Property Insurance
Revenues 357,514 326,699 347,099 20,400 6.2%
Expenditures 620,563 570,050 599,762 29,712 5.2%
Net Revenues Less Expenditures (263,049)(243,351)(252,663)
0
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
Special
Revenue
Funds
Enterprise
Funds
Internal
Service Funds
Other Fund Revenues thru July
2016
2017
2018
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
Special
Revenue Funds
Enterprise
Funds
Internal
Service Funds
Other Fund Expenditures thru July
2016
2017
2018
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Project Prior Years 2018 Total Balance
Budgets Actuals YTD to Date Remaining
Street Fund
Resources 11,887,895 7,192,854 (73,105) 7,119,749 4,768,146
Expenditures 11,887,895 4,384,175 802,117 5,186,292 6,701,603
Net Resources Less Expenditures 2,808,679 (875,222)1,933,457 (1,933,457)
Capital Resources
Resources 1,540,800 1,491,470 1,491,470 49,330
Expenditures 1,540,800 1,433,565 79,449 1,513,014 27,786
Net Resources Less Expenditures 57,905 (79,449)(21,544)21,544
Criminal Justice
Resources 1,606,854 1,457,867 156,620 1,614,487 (7,633)
Expenditures 1,606,854 1,395,875 182,590 1,578,465 28,389
Net Resources Less Expenditures 61,992 (25,971)36,021 (36,021)
Housing & Community Development
Resources 3,010,536 1,345,765 181,396 1,527,161 1,483,375
Expenditures 3,010,536 1,345,765 467,295 1,813,061 1,197,475
Net Resources Less Expenditures (285,900)(285,900)285,900
ShoWare Operating
Resources 310,000 310,000 310,000
Expenditures 310,000 225,570 84,430 310,000
Net Resources Less Expenditures 84,430 (84,430)
Other Operating
Resources 713,213 1,018,022 47,455 1,065,477 (352,264)
Expenditures 713,213 868,258 13,032 881,290 (168,077)
Net Resources Less Expenditures 149,763 34,423 184,187 (184,187)
Street Capital Projects
Resources 175,377,985 134,562,754 10,147,022 144,709,776 30,668,209
Expenditures 175,377,985 123,474,413 11,966,431 135,440,844 39,937,141
Net Resources Less Expenditures 11,088,341 (1,819,408)9,268,932 (9,268,932)
Parks Capital Projects
Resources 33,964,839 22,052,841 938,684 22,991,525 10,973,314
Expenditures 33,964,839 14,883,925 3,471,242 18,355,167 15,609,672
Net Resources Less Expenditures 7,168,916 (2,532,558)4,636,358 (4,636,358)
Technology Capital Projects
Resources 9,275,429 7,077,619 1,103,606 8,181,225 1,094,204
Expenditures 9,275,379 838,159 810,825 1,648,984 7,626,395
Net Resources Less Expenditures 50 6,239,461 292,781 6,532,241 (6,532,191)
Facilities Capital Projects
Resources 9,102,238 9,102,239 9,102,239 (1)
Expenditures 9,102,238 9,082,605 1,153 9,083,758 18,480
Net Resources Less Expenditures 19,634 (1,153) 18,481 (18,481)
July 2018 Monthly Financial Report
City of Kent, Washington
Capital and Non-Capital Projects
Special Revenue Funds
Capital Project Funds
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Budgets Actuals YTD to Date Remaining
July 2018 Monthly Financial Report
City of Kent, Washington
Capital and Non-Capital Projects
Other Capital Projects
Resources 1,790,820 1,428,779 58,085 1,486,864 303,956
Expenditures 1,790,820 399,034 110,109 509,144 1,281,676
Net Resources Less Expenditures 1,029,745 (52,024)977,721 (977,721)
Water Utility
Resources 39,943,201 33,158,669 1,529,373 34,688,042 5,255,159
Expenditures 39,943,201 12,157,318 2,407,698 14,565,016 25,378,185
Net Resources Less Expenditures 21,001,350 (878,325)20,123,025 (20,123,025)
Sewer/Drainage Utility
Resources 116,583,059 97,343,152 679,302 98,022,453 18,560,606
Expenditures 116,583,059 73,607,412 2,651,478 76,258,890 40,324,169
Net Resources Less Expenditures 23,735,740 (1,972,176)21,763,564 (21,763,564)
Golf Complex
Resources 3,223,754 550,000 550,000 2,673,754
Expenditures 3,223,754 300,000 300,000 2,923,754
Net Resources Less Expenditures 250,000 250,000 (250,000)
Fleet Services
Resources 1,750,000 4,000 4,000 1,746,000
Expenditures 1,750,000 162 5,607 5,769 1,744,231
Net Resources Less Expenditures (162)(1,607)(1,769)1,769
Facilities
Resources 6,151,007 5,460,007 7,784 5,467,791 683,216
Expenditures 6,151,007 3,956,750 62,180 4,018,930 2,132,077
Net Resources Less Expenditures 1,503,257 (54,396)1,448,861 (1,448,861)
Enterprise Funds
Internal Service Funds
1,628,914
7%
11,966,431
52%
3,471,242
15%
5,059,176
22%
810,825
3%
179,049
1%
2018 YTD Capital & Non-Capital
Project Spending
Special Revenue
Fund Projects
Street Capital
Projects
Parks Capital
Projects
Utility Capital
Projects
Technology Capital
Projects
Other Capital &
Non-Capital
Projects
11,282,122
4%
135,440,844
50%18,355,167
7%
1,648,984
1%
91,123,906
33%
13,617,601
5%
Total Spend to Date on Open Projects
Special Revenue Fund
Projects
Street Capital Projects
Parks Capital Projects
Technology Capital
Projects
Utility Capital Projects
Other Capital & Non-
Capital Projects
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FINANCE DEPARTMENT
Aaron BeMiller, Finance Director
220 Fourth Avenue South
Kent, WA 98032
253-856-5264
DATE: September 4, 2018
TO: Operations Committee
SUBJECT: Director's Report - Info Only
SUPPORTS STRATEGIC PLAN GOAL:
Inclusive Community, Sustainable Services
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