5/13/2022
1 RiversideCA.gov
1 RiversideCA.gov
Proposed 2022-2024 Biennial Budget
City Council
May 17, 2022
Finance Department
RiversideCA.gov
2 BUDGET PROCESS
Mar-Apr
Community
engagement;
incorporation of
feedback
February
Executive review;
adjustment of
department
submissions
April
City Council
Budget Workshop,
department
presentations
Dec-Jan
Departments
prepare operating
and capital budgets
and critical
unfunded needs.
Oct-Nov
PBB Workshops;
Baseline Budget
developed – the
starting point for
departments
May
Proposed budget
to the City
Council
June
Final budget to the
BEC; public
hearing and
budget adoption
by Council
1 2
REVISED
5/13/2022
2 RiversideCA.gov
3 BUDGET GOALS
1. Leverage PBB to identify and reallocate
funding to critical unfunded needs.
2. Implement a financing strategy of planned
contributions and withdrawals to/from the
Section 115 Trust to smooth the annual fiscal
impact of the combined CalPERS UAL and 2020
Pension Obligation Bond obligations.
RiversideCA.gov
4 RiversideCA.gov
GOAL 1 – LEVERAGE PBB
=
Brainstorm Insights/ideas
about PBB Programs
Evaluate ideas and recommend
Insights for final consideration
Select Insights to implement in
FY 2022/23 budget cycle
Submit requests for
Critical Unfunded Needs
Review and rank requests within
quartile based on order of priority
Determine which needs to fund
this year vs. in future years
Funding available through PBB Insights to
allocate to Critical Unfunded Needs
Final List of Critical Unfunded Needs to fund in
FY 2022/23 ranked in order of priority
3 4
5/13/2022
3 RiversideCA.gov
5 GOAL 2 - UAL/POB SMOOTHING
2027
$ 38.9
2035
$ 42.5
2027
$ 37.9
2035
$ 37.9
-
$ 5.0
$ 10.0
$ 15.0
$ 20.0
$ 25.0
$ 30.0
$ 35.0
$ 40.0
$ 45.0
$ 50.0
2023 2025 2027 2029 2031 2033 2035 2037 2039 2041
UAL/POB PAYMENT SMOOTHING STRATEGY
(in millions)
Required UAL Contribution Required POB Payment
Total Required Payments Smoothed Payment Schedule
RiversideCA.gov
6 CITYWIDE 2022-2024 BUDGET
FY 2022-23 FY 2023/24
Operating Revenue $ 1,063,323,159 $ 1,102,503,871
Long-Term Debt Proceeds 57,700,000 -
Debt Transfers In 47,501,000 41,808,214
Operating Transfers In 97,148,568 107,056,976
Total Incoming Resources $ 1,265,672,727 $ 1,251,369,061 Operating Expenditures $ 1,047,337,608 $ 1,054,112,764
Debt Transfers Out 47,501,000 41,808,214
Operating Transfers Out 97,148,568 107,056,976
Subtotal $ 1,191,987,176 $ 1,202,977,954
Capital Improvement Plan $ 163,307,170 $ 115,173,721
Total Outgoing Resources $ 1,355,294,346 $ 1,318,151,675 5 6
5/13/2022
4 RiversideCA.gov
7 CITYWIDE 2022-2024 BUDGET
FY 2022-23 FY 2023/24
Operating Revenue $ 1,063,326,506 $ 1,102,507,410
Long-Term Debt Proceeds 57,700,000 -
Debt Transfers In 47,501,000 41,808,214
Operating Transfers In 97,148,568 107,056,976
Total Incoming Resources
$ 1,265,676,074 $ 1,251,372,600
Operating Expenditures $ 1,047,323,549 $ 1,054,097,864
Debt Transfers Out 47,501,000 41,808,214
Operating Transfers Out 97,148,568 107,056,976
Subtotal
$ 1,191,973,117 $ 1,202,963,054
Capital Improvement Plan $ 163,307,170 $ 115,173,721
Total Outgoing Resources $ 1,355,280,287 $ 1,318,136,775 RiversideCA.gov
8 CITYWIDE FY 2022/23 PROPOSED BUDGET
Measure Z
Operating
$76.80 M
6%
Refuse Fund
$30.50 M
3%
Sewer Fund
$68.27 M
5%
Water Fund
$89.72 M
7%
Electric Fund
$409.10 M
32%
General
Fund
$310.63 M
25%
Other Funds
$280.66 M
22%
Measure Z
Operating
$83.79 M
7%
Refuse Fund
$32.21 M
3%
Sewer Fund
$66.00 M
5%
Water Fund
$84.71 M
7%
Electric Fund
$431.09 M
36%
General
Fund
$305.67 M
26%
Other Funds
$188.50 M
16%
Operating Revenue: $1.27 Billion Operating Expenditures: $1.19 Billion (Values shown in millions)
7 8
5/13/2022
5 RiversideCA.gov
9 CITYWIDE FY 2023/24 PROPOSED BUDGET
Measure Z
Operating
$79.02 M
6%
Refuse Fund
$31.97 M
3%
Sewer Fund
$69.38 M
6%
Water Fund
$91.62 M
7%
Electric Fund
$421.54 M
34%
General
Fund
$318.23 M
25%
Other Funds
$239.62 M
19%
Measure Z
Operating
$86.97 M
7%
Refuse Fund
$32.63 M
3%
Sewer Fund
$67.53 M
6%
Water Fund
$85.89 M
7%
Electric Fund
$426.21 M
35%
General
Fund
$311.11 M
26%
Other Funds
$192.62 M
16%
(Values shown in millions)
Operating Revenue: $1.25 Billion Operating Expenditures: $1.20 Billion RiversideCA.gov
10 (in millions)
2018/19
Actuals
2019/20
Actuals
2020/21
Actuals
2021/22
Projections
2022/23
Preliminary
2023/24
Preliminary
Revenue $278.67 $279.45 $298.03 $300.65 $310.63 $318.23 Expenditures 271.38 280.48 286.10 288.04 305.86
305.67
311.27
311.11
Surplus/(Deficit) $7.29 $(1.03) $11.93 $12.61 $4.77
$4.96
$6.96
$7.12
GENERAL FUND PROPOSED BUDGET
Items with potential fiscal impact, not included:
• Impact of new MOUs (set to expire)
• Legal challenges and certification of Measure C results(General Fund Transfer election)
9 10
5/13/2022
6 RiversideCA.gov
11 Funding Request FY 2022/23 FY 2023/24
Public Safety Engagement Team (PSET) Expansion (Urban) $ 2,038,405 $ 1,959,730 Measure Z Deferred Maintenance - Ongoing 500,000 500,000 Sidewalk Repairs 600,000 600,000
Measure Z - Maximize Roads/Streets 8,000,000 8,000,000
PSET Wildland Team 5,859,685 4,633,429
Measure Z New Police Headquarters 737,025 4,609,963
Measure Z Tree Trimming 2,500,000 2,500,000
Office of Sustainability 391,293 398,636
Office of Homeless Solutions 157,307 162,479
Public Safety Enterprise Communication System (PSEC) Radios 343,438 343,438 Incorporated into Proposed Budget $ 21,127,153 $ 23,707,675
CRITICAL NEEDS FUNDED BY MEASURE Z
RiversideCA.gov
12 MEASURE Z PROPOSED FIVE-YEAR SPENDING PLAN
(in millions) 2022 2023 2024 2025 2026 2027
Revenue $74.65 $76.80 $79.02 $80.91 $82.12 $83.34
Expenditures (74.14) (83.79) (86.97) (86.29) (88.51) (89.61) Encumbrances & Carryovers ------
Net Change in Fund Balance $0.51 $(6.99) $(7.95) $(5.38) $(6.39) $(6.27) Beginning Fund Reserves $38.78 $39.29 $32.30 $24.35 $18.97 $12.58 Net Change in Fund Balance 0.51 (6.99) (7.95) (5.38) (6.39) (6.27) Ending Unallocated Reserves $39.29 $32.30 $24.35 $18.97 $12.58 $6.31 11 12
5/13/2022
7 RiversideCA.gov
13 MAJOR ENTERPRISE FUNDS - OPERATING
$409.1M
$89.7M $30.5M $68.3M $9.0M
$431.1M
$84.7M $32.2M $66.0M $7.6M
$-
$50.0M
$100.0M
$150.0M
$200.0M
$250.0M
$300.0M
$350.0M
$400.0M
$450.0M
$421.5M
$91.6M $32.0M $69.4M $9.6M
$426.2M
$85.9M $32.6M $67.5M $7.9M
Revenue
Expense
Funds
Surplus /
(Deficit)
Electric
$(22.0M)
Water
$5.0M
Refuse
$(1.7M)
Sewer
$2.3M
Public
Parking
$1.5M
Electric
$(4.6M)
Water
$5.7M
Refuse
$(0.6M)
Sewer
$1.8M
Public
Parking
$1.6M
FY 2022/23 FY 2023/24
RiversideCA.gov
14 CAPITAL IMPROVEMENT PLAN
Project Category FY 2022-23 FY 2023/24
Electric Utility $ 40,814,724 $ 56,657,003
Water Utility 29,089,738 29,930,773
Sewer 2,297,609 1,615,000
Public Parking 1,250,000 190,000
Transportation 29,001,099 25,180,945
Railroads 804,000 -
Storm Drain 850,000 100,000
Municipal Buildings & Facilities 59,200,000 1,500,000
Total Capital Projects $ 163,307,170 $ 115,173,721
13 14
5/13/2022
8 RiversideCA.gov
15 CAPITAL PROJECTS ALLOCATION
Municipal Buildings
& Facilities
$59.20 M
36%
Transportation
$29.00 M
18%
Electric Utility
$40.81 M
25%
Water
Utility
$29.09 M
18%
Sewer Utility
$2.30 M
1%
Other
$2.90 M
2%
(values shown in millions)
Municipal Buildings
& Facilities
$1.50 M
1%
Transportation
$25.18 M
22%
Electric Utility
$56.66 M
49%
Water Utility
$29.93 M
26%
Sewer Utility
$1.62 M
2%
Other
$0.29 M
0%
FY 2022/23: $163.31 Million FY 2023/24: $115.17 Million RiversideCA.gov
16 CITYWIDE STAFFING BY FUND
Measure Z
181.00
7%
Refuse Fund
62.00 2%
Sewer Fund
117.00
5%
Water Fund
164.00
6%
Electric
Fund
473.00
18%
General Fund
1,478.40
56%
Other Funds
151.25
6%
Measure Z
181.00
7%
Refuse Fund
62.00 2%
Sewer Fund
117.00
5%
Water Fund
165.00
6%
Electric
Fund
473.00
18%
General Fund
1,478.40
56%
Other Funds
151.25
6%
FY 2022/23 FTE: 2,626.65 FY 2023/24 FTE: 2,627.65
15 16
5/13/2022
9 RiversideCA.gov
17 CITYWIDE STAFFING BY DEPARTMENT TYPE
TOTAL FTE FY 2022/23: 2,626.65
RiversideCA.gov
18 STRATEGIC PLAN ALIGNMENT
HIGH PERFORMING GOVERNMENT
CROSS-CUTTING THREADS
Equity
Innovation
Community Trust
Fiscal
Responsibility
Sustainability
and Resiliency
17 18
5/13/2022
10 RiversideCA.gov
19 RECOMMENDATIONS
That the City Council:
1. Receive and provide input on the proposed
Fiscal Year 2022-2024 Biennial Budget; and
2. Set a public hearing date for adoption of the
proposed Fiscal Year 2022-2024 Biennial
Budget on June 21, 2022.
19