Actual Actual Actual Actual Carryover Projected1
FY 2019/20 FY 2020/21 FY 2021/22 FY 2022/23FY 2022/23 1 FY 2023/24 Transaction & Use Tax 62,380,085 $ 71,999,092$ 83,156,696$ 84,015,703$ - $ $ 80,540,000 Interest Earnings 755,392 654,898 752,491 1,825,380 - 300,000 Total Revenues 63,135,477 $ 72,653,990$ 83,909,187$ 85,841,083$ - $ 80,840,000$ 2 Payoff of the Balloon $32 million Pension
Obligation Bond 1,674,490 1,674,500 1,679,490 1,673,080$ - $ $ 1,673,530 5 Additional Sworn Police Positions 7,639,210 10,163,726 10,745,658 13,751,855 30,937 12,549,623 6 Public Safety Non-Sworn Positions and
Recruitment Costs 877,104 913,458 897,576 952,016 - 1,014,830 7 Police Officer Lateral Hire Incentives and
Recruitment Costs 9,994 300 46,856 73,986 - 200,000 8 Additional Dispatchers 566,809 656,263 857,136 1,407,570 - 1,340,627 9 Maintain Firefighter Staffing Level 1,291,460 1,406,709 4,137,516 2,178,353 - 1,587,087 10 Reinstatement of Captains (Training and Arson) 556,919 469,733 507,235 657,475 - 708,920 11 Reinstatement of Battalion Chief 390,025 611,747 396,056 416,987 - 368,685 12 Police Vehicle Replacement and Maintenance
Plan 1,199,786 627,585 3,735,056 2,143,480 1,333,037 2,269,017 14 Fire Vehicle Replacement and Maintenance
Plan 3,143,742 2,521,600 1,572,275 1,706,747 4,006,690 4,458,395 16 Additional Fleet Mechanics for Police
Department 202,610 219,713 225,454 149,860 - 257,521 17 Additional Fleet Mechanics for Fire Department 231,352 237,262 244,309 297,025 - 262,973 18 General Fund Support - Maintain Existing Services 18,266,026 18,266,026 18,266,026 18,266,026 - 18,266,026 19 General Plan Update 9,525 300,069 37,534 279,886 4,339,567 - 20 Homeless Services 528,954 4,197 693,012 503,743 796,669 500,000 21 Principal Analyst - City Manager's Office 161,803 175,948 180,941 170,144 - 154,543 22 Budget Engagement Commission Support 8,365 23,364 15,648 10,868 310 39,082 23 New Downtown Main Library 3,819,500 (434,155) 2,751,200 2,738,151 - 2,738,750 24 SPC Jesus S. Duran Eastside Library - 18,900 75,600 - 5,500 2,000,000 25 New Police Headquarters ($43M) 26,394 43,556 - - - 26 Museum Expansion and Rehabilitation ($35M) 89,053 175 - 1,474 - 28 Annual Deferred Maintenance (Existing Facilities) 1,025,461 838,450 959,363 1,859,493 247,100 1,500,000 29 Maximize Roads/Streets (Pavement Condition
Index) 460,494 4,825,070 12,974,269 7,219,089 18,935,753 10,875,000 30 Tree Trimming 2,018,472 994,585 983,450 1,842,682 1,673,868 3,500,000 31 Ward Action Team - City Attorney's Office 295,205 303,967 326,426 388,006 - 359,706 33 Technology Improvements 679,248 2,792,116 1,686,690 1,470,850 3,176,936 1,501,315 34 4-Person Staffing on Fire Trucks 1,284,098 1,244,499 1,006,903 979,106 17,595 1,199,078 38 Bourns Family Youth Innovation Center 183,961 49,536 342,145 (2,808) - - 39 Public Safety & Engagement Team Program
(PSET) - Urban 1,226,821 1,518,578 1,126,665 2,657,537 1,190,167 4,572,806 43 PW Streets Vehicle & Equipment Needs - - - 490,337 2,509,628 2,230,000 44 PRCSD Infrastructure, Vehicles, and Equipment - - 11,735 189,894 1,523,574 - 45 Motorhome Removal & Disposal - - 5,000 9,000 1,500 45,000 46 Park and Neighborhood Specialist (PANS)
Program - - 493,808 1,296,852 118,660 1,815,973 47 Police Helicopters Capital Lease - - - 1,238,158 - 1,238,158 48 Office of Homeless Solutions Expansion - - - 47,454 158,649 49 Public Safety & Engagement Team Program
(PSET) - Wildlands - - - 613,870 1,296,840 5,315,839 50 Public Safety Enterprise Communication System
(PSEC) Radios - - - 343,438 - 343,438 51 Office of Sustainability - - - 13,402 - 380,988 52 Sidewalk Repair - - - 371,776 228,224 600,000 53 Mt Rubidoux Trail Resurfacing - - - 1,198,947 581,053 - 54 Police K9 - - - - 140,000 - 55 Parks Capital Improvement Projects - - - - 6,492,000 - 56 Fire - Analog Simulcast Communication System - - - - - 1,566,441 Total Expenditures 49,561,260 $ 50,855,945$ 67,454,200$ 69,605,809$ 48,645,608$ 87,592,000$ Measure Z Spending Plan
FY 2023/24 Third Quarter Financial Update
Spending Items
REVENUE
EXPENDITURES
Actual Actual Actual Actual Carryover Projected1
FY 2019/20 FY 2020/21 FY 2021/22 FY 2022/23FY 2022/23 1 FY 2023/24 Measure Z Spending Plan
FY 2023/24 Third Quarter Financial Update
Spending Items
Financial Plan Surplus/(Deficit) 13,574,217 21,798,045 16,454,987 16,235,274$ (48,645,608)$ (6,752,000)$ 39,563,351$ 53,137,568$ 74,935,613$ 91,390,600$ 107,625,874$ 58,980,266$ Five-Year Financial Plan Surplus/(Deficit) 13,574,217 21,798,045 16,454,987 16,235,274 (48,645,608) (6,752,000) 53,137,568$ 74,935,613$ 91,390,600$ 107,625,874$ 58,980,266$ 52,228,266$
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.
Ending Measure Z Unallocated Fund Reserve
FUND RESERVES
Beginning Measure Z Unallocated Fund Reserve