City Council
259 N. Wilma Avenue
Ripon, CA 95366
MEMO
To: Honorable City Council
From: Lisa Roos, City Clerk & Finance Director
Date: 02/10/2026
Subject: General Fund Transfer to Street & Roads Reserve for 2024-25 RECOMMENDED ACTION:
This resolution approves the financial transfer to the Street and Road Reserve Fund for Fiscal Year 2024-25.
BACKGROUND:
In 2015, the City Council approved a policy (Resolution 15-23) that requires 33 percent of any General Fund surplus be transferred to the Street & Road Reserve Fund with the purpose of providing a new funding source dedicated to reconstructing the streets and roads in Ripon that have exceeded their useful life.
DISCUSSION:
The financial audit has been completed by Price Paige and Company for Fiscal Year 2024-25.
Below is a summary of the audited General Fund financials:
FY 2024-25
Revenue $18,151,753
Expense -$16,823,203
Transfers -$690,010
Net Surplus $638,540
Street & Road Transfer (33%) $210,718
Based upon our Street and Road Reserve Policy approved by Resolution 15-23, staff is recommending that $210,718 be transferred from the General Fund to the Street & Road Reserve Fund.
After these transfers are made, the balance in the Street & Road Reserve Fund will be $4,042,238.
RESOLUTION NO. 26-8
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RIPON APPROVING FISCAL YEAR 2024-25 FINANCIAL
TRANSFERS
WHEREAS, City of Ripon has completed the Fiscal Year 2024-25 financial audit and determined a general fund surplus was available for certain uses; and WHEREAS, previous hereto, the City of Ripon has approved Resolution 15-23 adopting a Street and Road reserve policy that requires a minimum of 33 percent of general fund surplus to be set aside for the funding of reconstructing streets and roads in Ripon that have exceeded their useful life.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ripon that the City of Ripon does hereby approve the transfer of funds from the General Fund to the following fund:
Street and Road Reserve Fund: $210,718
PASSED AND ADOPTED at a regular meeting of the City Council of the City of Ripon this 10th day of February, 2026, by the following vote:
RESULT: ADOPTED AS AMENDED BY CONSENT VOTE [UNANIMOUS]
MOVER: Michael Restuccia, Council Member
SECONDER:Daniel de Graaf, Council Member
AYES: Barton, Uecker, Restuccia, Zuber, de Graaf
THE CITY OF RIPON,
A Municipal Corporation
By ________________________________
GARY BARTON, Mayor
ATTEST:
By: ___________________________
LISA ROOS, City Clerk