Riverside City Council
May 3, 2022

Actual Actual Actual Projected Proposed Proposed
FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22 FY 2022/23 FY 2023/24 Revenue / Transfers In
Property Taxes 69,343,002 $ 70,805,354$ 73,592,872$ 76,939,716$ 79,280,514$ 79,895,400$ Sales and Use Tax 68,359,219 66,273,220 78,322,414 81,157,400 83,514,697 85,914,880 Utility Users Tax 28,009,294 29,043,610 30,577,059 31,556,617 32,799,766 33,522,261 Transient Occupancy Tax 7,163,420 5,958,727 5,801,263 6,120,000 7,103,900 7,317,100 Franchise Fees 5,256,478 5,442,512 5,526,784 5,617,000 5,722,100 5,843,700 Licenses and Non-Developer Permits 8,595,070 8,569,067 8,641,340 8,775,457 8,974,993 9,166,455 Intergovernmental Revenues 3,465,870 3,191,575 4,391,425 1,643,045 1,711,349 1,708,525 Non-Development Charges for Services 10,487,257 8,790,703 8,153,853 9,428,680 10,032,978 10,769,145 Developer Fees and Charges for Services 7,773,296 8,112,848 6,404,716 6,714,950 6,794,704 6,946,746 Fines and Forfeits 2,074,366 1,886,989 2,100,287 1,606,800 1,893,100 1,921,827 Special Assessments 535,490 563,032 625,802 550,540 541,200 550,853 Miscellaneous Revenues 5,961,984 5,570,382 2,679,206 3,064,160 3,181,405 3,203,929 Other Financing Sources 101,060 856,321 188,666 1,000,000 - - General Fund Transfer 46,470,700 46,076,000 46,871,200 48,208,700 50,809,600 53,202,300 Measure Z Transfer In 13,238,623 18,266,026 18,266,026 18,266,026 18,266,026 18,266,026 Transfers In from Other Funds 1,833,406 46,257 5,885,395 - - - Total Revenues/Transfers In 278,668,535$ 279,452,623$ 298,028,308$ 300,649,091$ 310,626,332$ 318,229,147$ Expenditures / Transfers Out
Personnel 188,255,804 $ 189,873,240$ 189,101,082$ 199,302,338$ 210,186,395$ 212,026,839$ Leave Payouts 5,511,099 $ 6,101,329$ 6,992,734$ 6,576,287 7,365,441 8,249,294 CalPERS UAL - Safety 14,257,806 17,212,450 7,208,388 9,806,181 11,160,600 12,156,138 CalPERS UAL - Miscellaneous 8,616,985 9,791,845 3,858,401 4,919,039 5,046,956 5,259,326 Non-Personnel - Non-Discretionary 11,280,823 11,082,969 10,213,387 10,966,985 14,686,151 17,361,971 Non-Personnel - Discretionary 38,981,975 36,049,156 36,498,628 43,521,024 42,658,755 44,049,275 Special Projects 6,787,495 6,237,469 4,546,012 6,873,306 7,138,487 7,234,345 Minor Capital 2,076,089 767,676 389,086 429,477 420,589 416,613 Grants 355,175 189,079 665,309 - - - Debt Service 24,540,453 21,569,110 30,204,142 32,769,205 32,938,950 22,716,810 Charges To/From (19,526,899) (17,220,316) (20,644,406) (17,459,758) (17,892,085) (18,353,775) Cost Allocation Plan (24,081,160) (26,319,140) (23,415,711) (23,526,240) (21,407,360) (22,417,516) Special Districts Fund Subsidy 1,145,268 1,112,788 1,143,517 1,414,454 1,397,854 1,430,920 Convention Center Fund Subsidy 5,178,926 6,199,690 7,123,420 6,661,600 5,999,800 5,304,990 Entertainment Fund Subsidy 3,609,256 4,552,154 4,948,699 4,750,400 4,317,818 3,863,700 Cheech Marin Center Subsidy - - - 342,900 945,800 970,800 Transfer to Section 115 Trust - 9,353,989 277,539 499,745 895,490 11,000,000 Transfers to Other Funds 4,391,520 3,922,971 3,029,676 189,046 - - Total Expenditures/Transfers Out 271,380,615$ 280,476,459$ 262,139,903$ 288,035,989$ 305,859,641$ 311,269,730$ Five-Year Financial Plan Surplus/(Deficit) 7,287,920$ (1,023,836)$ 35,888,405$ 12,613,102$ 4,766,691$ 6,959,417$ Fund Reserves
Beginning General Fund Reserve 53,800,000$ 56,000,000$ 54,280,000$ 57,400,000$ 70,013,102$ 74,779,793$ Five-Year Financial Plan Surplus/(Deficit) 7,287,920 (1,023,836) 35,888,405 12,613,102 4,766,691 6,959,417 Other Budgetary Fund Balances 4,861,826 15,432,900 15,874,414 - - - FYE Changes to Various Reserves (595,757) (542,252) 913,627 - - - Use or Set Aside of Surplus Reserves (9,353,989) (15,586,812) (49,556,446) - - - Ending General Fund Reserve 56,000,000$ 54,280,000$ 57,400,000$ 70,013,102$ 74,779,793$ 81,739,210$ GENERAL FUND PRELIMINARY BUDGET 2022-2024
General Fund Preliminary Budget Page 1 of 2
Actual Actual Actual Projected Proposed Proposed
FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22 FY 2022/23 FY 2023/24 GENERAL FUND PRELIMINARY BUDGET 2022-2024
Fund Balance to Spending Percentage 20% 21% 20% 23% 24% 27% Excess/(Deficit) Reserves (95,292)$ 1,852,019$ (207,198)$ 8,841,174$ 12,525,847$ 20,408,982$ 15% Emergency Reserve 42,071,469$ 39,320,985$ 43,205,398$ 45,878,946$ 46,690,460$ 45,997,671$ 5% Contingency Reserve 14,023,823$ 13,106,995$ 14,401,799$ 15,292,982$ 15,563,487$ 15,332,557$ 20% Reserve Target 56,095,292 $ 52,427,981$ 57,607,198$ 61,171,928$ 62,253,946$ 61,330,228$ General Fund Preliminary Budget Page 2 of 2