City of Rialto
FISCAL YEAR 2022- 2023
Mid-year financial review
March 14, 2023
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Mid-Year Financial Review
FY 22-23 Budget
City Council adopted balanced budget on May 26, 2022
General Fund Revenues of $134,795,620
General Fund Expenditures of $130,647,390
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Mid- Year Financial Review
FY 22-23 General Fund Budgeted Revenues
Three Largest Revenue Sources
Sales Tax (39.8%)
Property Tax (24.3%)
UUT (11.1%)
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Mid-Year Financial Review
Sales Tax Revenue – First Half of FY22-23
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Mid-Year Financial Review
Property Tax Revenue– First Half of FY22-23
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Mid-Year Financial Review
Utility Users Tax Revenue– First Half of FY22-23
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Mid-Year Financial Review
All Other Gen Fund Revenue– First Half of FY22-23
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Mid-Year Financial Review
General Fund Expenditures– First Half of FY22-23
Expenditures are tracking on budget at 50%
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Mid-Year Financial Review
General Fund Reserve– First Half of FY22-23
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Mid-Year Financial Review
Mid-Year FY22-23 Revenue/Expense Recommendations
Administration/General Fund
$20,000 – Budget for attendees outside of the Mayor/Council at conferences and meetings.
Engineering/General Fund
$754,500 – Increase revenue received for Grading Inspection, Engineering Plan Checks, and Utility Inspection Fees received. $754,500 – Increase contract services and legal services for Engineering projects.
Fire Department/Fire Ground Emergency Transportation Fund $823,500 – New Medic Squad and two additional Paramedics $700,000 - SOC/Strategic Plan & 1st Payment for the PP-GEMT IGT Program and NRA Program $900,000 – Radios and Station Alerting System
$300,000 – New Ambulance Costs
$50,000 – Additional Services and Supplies
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Mid-Year Financial Review
Mid-Year FY22-23 Personnel Recommendations
Reclass Finance Department Accounting Technician to Accountant.
Eliminate the Deputy City Manager position from the City of Rialto 2022-2023 Allocated Positions Plan and utilize the FY22-23 funding to add the Director of Community Development to the City of Rialto 2022-2023 Allocated Positions Plan.
Increase the Range for the Deputy Director of H.R. and R.M to 6000A.
Job Title Change for the Director of Community Services to the Director of Parks, Recreation & Community Services.
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Mid-Year Financial Review
Questions?