Actual Carryover Amended Projected Projected Projected Projected FY 2022/23 FY 2022/23 1 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Transaction & Use Tax 84,015,703 $ - $
$ 84,158,000 $ 82,949,000 $ 85,675,000 $ 88,466,000 $ 91,299,000 Interest Earnings 1,825,380 - 300, 000 800,000 800,000 800,000 800,000 Total Revenues 85,841,083$ -$ 84,458,000$ 83,749,000$ 86,475,000$ 89,266,000$ 92,099,000$ 2 Payoff of the Balloon $32 million Pension Obligation
Bond 1,673,080$ -$
$ 1,673,530 $ 1,673,370 $ 1,672,800 $ 1,673,150 $ - 5 Additional Sworn Police Positions 13,751,855 30,937 12,549,623 13,993,334 14,439,200 14,784,291 15,180,778 6 Public Safety Non-Sworn Positions and Recruitment
Costs 952,016 -
1, 014,830 1,079,422 1,118,364 1,154,563 1,192,230 7 Police Officer Lateral Hire Incentives and
Recruitment Costs 73,986 -
200, 000 200,000 200,000 200,000 200,000 8 Additional Dispatchers 1,407,570 - 1, 340,627 1,413,058 1,459,240 1,497,030 1,527,433 9 Maintain Firefighter Staffing Level 2,178,353 - 1, 587,087 1,715,402 1,792,847 1,844,137 1,907,466 10 Reinstatement of Captains (Training and Arson) 657,475 - 708, 920 790,339 819,590 834,098 853,987 11 Reinstatement of Battalion Chief 416,987 - 368, 685 439,045 457,617 462,357 469,201 12 Police Vehicle Replacement and Maintenance
Plan 2,143,480 1,333,037 2,269,017 2,314,398 2,360,686 2,407,899 2,456,057
14 Fire Vehicle Replacement and Maintenance Plan 1,706,747 4,006,690 4,458,395 3,214,900 5,656,200 6,500,590 5,644,063 16 Additional Fleet Mechanics for Police Department 149,860 - 257, 521 250,121 257,470 263,949 270,765 17 Additional Fleet Mechanics for Fire Department 297,025 - 262, 973 286,661 289,945 291,898 293,888 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 19 General Plan Update 279,886 4,339,567 - - - - - 20 Homeless Services 503,743 796,669 500,000 500,000 500,000 500,000 500,000 21 Principal Analyst - City Manager's Office 170,144 - 154, 543 181,171 191,431 201,298 210,044 22 Budget Engagement Commission Support 10,868 310 39, 082 27, 745 32, 775 28, 817 33, 881 23 New Downtown Main Library 2,738,151 - 2, 738,750 2,737,000 2,736,630 2,737,380 2,734,130 24 SPC Jesus S. Duran Eastside Library - 5,500 2,000,000 - - - - 25 New Police Headquarters ($43M) - - 4,609,963 4,654,268 4,690,073 4,717,378 4,736,183 26 Museum Expansion and Rehabilitation ($35M) 1,474 - 4, 049,924 3,596,381 3,596,381 3,596,381 3,596,381 28 Annual Deferred Maintenance (Existing Facilities) 1,859,493 247,100 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 29 Maximize Roads/Streets (Pavement Condition
Index
) 7,219,089 18,935,753 10,875,000 10,875,000 10,875,000 10,875,000 10,875,000 30 Tree Trimming 1,842,682 1,673,868 3,500,000 2,000,000 2,000,000 2,000,000 2,000,000 31 Ward Action Team - City Attorney's Office 388,006 - 359, 706 412,340 427,667 435,328 438,182 33 Technology Improvements 1,470,850 3,176,936 1,501,315 1,514,271 1,515,464 1,516,098 1,517,886 34 4-Person Staffing on Fire Trucks 979,106 17,595 1,199,078 1,371,306 1,461,456 1,516,929 1,556,707 38 Bourns Family Youth Innovation Center (2,808) - - - - - - 39 Public Safety & Engagement Team Program (PSET) -
Urban 2,657,537 1,190,167 4,572,806 4,882,982 5,192,303 5,556,094 5,450,397
43 PW Streets Vehicle & Equipment Needs 490,337 2,509,628 2,230,000 - - - - 44 PRCSD Infrastructure, Vehicles, and Equipment 189,894 1,523,574 - - - - - 45 Motorhome Removal & Disposal 9,000 1,500 45, 000 45, 000 45, 000 45, 000 45, 000 46 Park and Neighborhood Specialist (PANS) Program 1,296,852 118,660 1,815,973 2,148,654 2,263,536 2,362,663 2,418,906 47 Police Helicopters Capital Lease 1,238,158 - 1, 238,158 1,238,158 1,238,158 1,238,158 1,238,158 48 Office of Homeless Solutions Expansion 47,454 158,649 186,744 197,008 206,212 212,735 49 Public Safety & Engagement Team Program (PSET) -
Wildlands 613,870 1,296,840 5,315,839 5,818,850 6,076,923 6,311,230 6,556,973
50 Public Safety Enterprise Communication System
(PSEC) Radios 343,438 - 343, 438 343,438 343,438 - - 51 Office of Sustainability 13,402 - 380, 988 411,327 428,820 446,011 463,880 52 Sidewalk Repair 371,776 228,224 600,000 600,000 600,000 600,000 600,000 53 Mt Rubidoux Trail Resurfacing 1,198,947 581,053 - - - - - 54 Police K9 - 140,000 - - - - - 55 Parks Capital Improvement Projects - 6,492,000 - 3, 500,000 3,500,000 3,500,000 3,500,000 56 Fire - Analog Simulcast Communication System - - 1,566,441 - - - - Total Expenditures 69,605,809$ 48,645,608$ 96,251,887$ 94,180,711$ 98,202,048$ 100,069,965$ 98,446,337$ Financial Plan Surplus/(Deficit) 16,235,274$ (48,645,608)$ (11,793,887)$ (10,431,711)$ (11,727,048)$ (10,803,965)$ (6,347,337)$ 91,390,600$ 107,625,874$ 58,980,266$ $ 47,186,379 $ 36,754,668 $ 25,027,620 $ 14,223,655 Five-Year Financial Plan Surplus/(Deficit) 16,235,274 (48,645,608) (11,793,887) (10,431,711) (11,727,048) (10,803,965) (6,347,337) 107,625,874$ 58,980,266$ 47,186,379$ 36,754,668$ 25,027,620$ 14,223,655$ 7,876,318$
2. Measure Z was a one-cent Transaction and Use tax approved by Riverside voters in November 2016 for a period of 20 years. Tax collection is set to expire in March 2036.
1. Includes prior year encumbrances and carryovers carried forward from FY 2022/23 as provided for in the Riverside Municipal Code. Additionally, discretionary carryovers approved by the City Council on December 19, 2023.
Measure Z Spending Plan
FY 2023/24 First Quarter Financial Update
Ending Measure Z Unallocated Fund Reserve
Spending Items
REVENUE
EXPENDITURES
FUND RESERVES
Beginning Measure Z Unallocated Fund Reserve