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.
Job Title Change for the current Director of Community Services to align with the new Department name Parks, Recreation & Community Services. The new job title will be Director of Parks, Recreation & Community Services.
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Mid-Year Financial Review
Questions?