City of Riverside 2022-2024 Biennial Budget
Five-Year Financial Plan – Measure Z Fund
46 MEASURE Z FIVE-YEAR FINANCIAL PLAN
Spending Items Budgeted
FY 2021/22
Adopted
FY 2022/23
Adopted
FY 2023/24
Projected
FY 2024/25
Projected
FY 2025/26
Projected
FY 2026/27
REVENUE
Transaction & Use Tax $ 74,346,000 $ 76,502,034 $ 78,720,583 $ 80,609,270 $ 81,818,410 $ 83,045,690 Interest Earnings 300,000 300,000 300,000 300,000 300,000 300,000 Total Revenues $ 74,646,000 $ 76,802,034 $ 79,020,583 $ 80,909,270 $ 82,118,410 $ 83,345,690
EXPENDITURES7
2. Payoff of the Balloon $32
million Pension Obligation
Bond
$ 1,674,490 $ 1,673,080 $ 1,673,530 $ 1,673,370 $ 1,672,800 $ 1,673,150
5. Additional Sworn Police
Positions 10,696,098 11,394,281 11,712,921 11,888,013 12,154,660 12,286,891
6. Public Safety Non-Sworn
Positions & Recruitment Costs 960,636 928,089 953,711 974,242 993,995 1,012,959
7. Police Officer Lateral Hire
Incentives & Recruitment
Costs
200,000 200,000 200,000 200,000 200,000 200,000
8. Additional Dispatchers 1,166,456 1,206,321 1,245,501 1,284,656 1,324,369 1,331,475
9. Maintain Firefighter Staffing
Level 3,346,678 1,634,656 1,653,509 1,660,800 1,687,445 1,709,809
10. Reinstatement of Fire Captains
(Training & Arson) 578,012 663,850 668,704 671,393 681,698 689,725
11. Reinstatement of Fire Battalion
Chief 393,599 386,537 388,115 388,299 393,771 397,567
12. Police Vehicle Replacement &
Maintenance Plan 2,180,909 2,224,527 2,269,017 2,314,398 2,360,686 2,407,899
14. Fire Vehicle Replacement &
Maintenance Plan 1,934,544 3,607,000 4,458,395 3,214,900 5,656,200 6,500,590
16. Additional Fleet Mechanics for
Police Department 224,766 235,336 236,828 238,081 239,659 240,827
17. Additional Fleet Mechanics for
Fire Department 240,535 239,286 240,495 241,465 242,738 243,547
18. General Fund Support –
Maintain Existing Services 18,266,026 18,266,026 18,266,026 18,266,026 18,266,026 18,266,026
20. Homeless Services 500,000 500,000 500,000 500,000 500,000 500,000
21. Principal Analyst - City
Manager's Office 180,858 200,805 205,021 205,827 207,808 208,216
22. Budget Engagement
Commission Support 37,687 26,743 31,536 27,352 32,215 28,090
23. New Downtown Main Library 2,751,200 2,742,130 2,738,750 2,737,000 2,736,630 2,737,380
25. New Police Headquarters - 737,025 4,609,963 4,654,268 4,690,073 4,717,378
26. Museum Expansion and
Rehabilitation 500,000 1,319,894 1,319,894 1,319,894 1,319,894 1,319,894
28. Annual Deferred Maintenance
(Existing Facilities) 1,000,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000
29. Maximize Roads/Streets
(Pavement Condition Index) 7,875,000 12,375,000 10,875,000 10,875,000 10,875,000 10,875,000
30. Tree Trimming 1,000,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000
31. Ward Action Team - City
Attorney's Office 323,321 335,302 350,282 365,911 376,129 381,462
7 Only spending items with a budget i n the fiscal years that are dis played are listed in the Spending P lan. The Spending Plan represents the budgeted expenditures in Fund 110 - Measure Z, excluding Operating Transfers.
City of Riverside 2022-2024 Biennial Budget
Five-Year Financial Plan – Measure Z Fund
47 Spending Items Budgeted
FY 2021/22
Adopted
FY 2022/23
Adopted
FY 2023/24
Projected
FY 2024/25
Projected
FY 2025/26
Projected
FY 2026/27
33. Technology Improvements 1,000,000 1,000,000 1,000,000 1,000,010 1,000,020 1,000,010
34. 4-Person Staffing on Fire Trucks 1,429,255 1,131,260 1,155,711 1,176,152 1,212,044 1,245,251
39. Public Safety & Engagement
Team (PSET) - Urban 2,800,000 4,787,269 4,709,571 4,556,847 4,797,940 5,069,920
40. Library Security Guards 372,829 - - - - -
41. Homeless Temporary Housing 2,000,000 - - - - -
42. Orangecrest Fire Station
Dormitory Improvements 1,965,000 - - - - -
43. PW Streets Vehicles &
Equipment 45,000 1,000,000 1,050,000 1,180,000 - -
44. PRCSD Infrastructure, Vehicles
& Equipment 2,393,098
45. Motorhome Removal &
Disposal 100,000 45,000 45,000 45,000 45,000 45,000
46. Park and Neighborhood
Specialist (PANS) Program - 1,966,986 2,050,745 2,132,551 2,223,062 2,222,803
47. Police Helicopters Capital
Lease - 611,581 1,223,162 1,223,162 1,223,162 1,223,161
48. Office of Homeless Solutions
Expansion - 157,307 162,479 168,518 174,961 181,727
49. Public Safety & Engagement
Team Program (PSET) -
Wildlands
- 5,859,685 4,633,429 4,750,315 4,853,583 4,865,277
50. Public Safety Enterprise
Communication System
(PSEC) Radios
- 343,438 343,438 343,438 343,438 -
51. Office of Sustainability - 391,293 398,636 418,127 423,994 430,050
52. Sidewalk Repair - 600,000 600,000 600,000 600,000 600,000 TBD Library Infrastructure Grant
Contingency 6,500,000 - - - - -
Total Expenditures $ 74,135,997 $ 83,789,707 $ 86,969,369 $ 86,295,015 $ 88,509,000 $ 89,611,084
Five-Year Financial Plan
Surplus/(Deficit) $ 510,003 $ (6,987,673) $ (7,948,786) $ (5,385,745) $ (6,390,590) $ (6,265,394)
FUND RESERVES
Beginning Measure Z Unallocated
Fund Reserves $ 38,778,789 $ 39,288,792 $ 32,301,119 $ 24,352,333 $ 18,966,588 $ 12,575,998 Increase / (Use of) Fund Reserves 510,003 (6,987,673) (7,948,786) (5,385,745) (6,390,590) (6,265,394) Ending Measure Z Unallocated Fund
Reserves $ 39,288,792 $ 32,301,119 $ 24,352,333 $ 18,966,588 $ 12,575,998 $ 6,310,604