City Council
259 N. Wilma Avenue
Ripon, CA 95366
MEMO
To: Honorable City Council
From: Kevin Werner, City Administrator
Date: 06/13/2023
Subject: Budget 2023-2024
The City’s Proposed FY 2023-24 Budget is balanced, funds all debt service obligations, and funds critical deferred maintenance items. The following table summarizes the financial information for the City’s operating funds.
FY 2023-24 Annual Operating Budget Summary
FY 2023-24
Revenue
FY 2023-24
Expenses
Proposed
Transfers
Transfer Summary
General Fund $16,436,750 ($15,546,444) ($843,832) Transfer includes $21,033 to CNG Capital Fund, $69,799 to L&L Districts
operating in the negative, $475,000 to
the Dept Capital Fund, $118,000 to the
Park & Rec Capital Fund, and $160,000
to the CalPERS Contingency Fund.
Water Operating Fund $3,894,705 ($2,900,520) ($994,185) To Water Enterprise Capital Fund Garbage Operating Fund $2,607,049 ($2,504,745) ($102,304) To Garbage Enterprise Capital Fund Sewer Operating Fund $2,042,690 ($1,384,063) ($658,627) To Sewer Enterprise Capital Fund Street and Road Operating Fund $1,992,050 ($899,444) Revenue surplus funds streets and roads capital projects.
Transit Fund $67,300 ($57,010)
Redevelopment Obligations $927,00 ($927,300)
Landscaping & Lighting Districts $448,936 ($462,223) $69,799 From General Fund to L&L Districts that
operate in a deficit and do not have a
fund balance.
Attachments:
1. DRAFT 2023-24 Budget