Finance Committee
February 12, 2025

1/31/2025
1 RiversideCA.gov1
RiversideCA.gov
Finance CommitteeFebruary 12, 2025 BUDGET ENGAGEMENT COMMISSION WORK PLAN FINANCE DEPARTMENT RiversideCA.gov2
BUDGET DEVELOPMENT / MEASURE ZNovember 2023: Measure Z Funding RevisionsJanuary 2024: Fiscal Year 2024-2026 Budget Development and Community EngagementMarch 2024: Measure Z Spending Plan ReviewApril 2024: Community Engagement Efforts on Budget PrioritiesMay 2024: Proposed FY 2024-2026 Biennial Budget Workshop 1 2
1/31/2025
2 RiversideCA.gov3
OUTCOME REPORTSJanuary 2024: Fiscal Year 2024-2026 Budget Development and Community EngagementMarch 2024: Update on Office of SustainabilityMarch 2024: Performance and Fiscal Impact reports for the Riverside Convention Center, Riverside Convention and Visitors Bureau, Riverside Sports Commission, Fox Performing Arts Center, Riverside Municipal Auditorium, The Box, and the Cheech Marin Center for Chicano Art & CultureMay 2024: Implementation of a Real Time Crime CenterJuly 2024: Pavement Management Program UpdateAugust 2024: Update on the Lease Agreement with Live Nation for the Fox Performance Arts Center and the Riverside Municipal Auditorium RiversideCA.gov4
QUARTERLY REPORTS & INDICATORSDecember 2023: Fiscal Year 2022/23 Fourth Quarter Report and Carryover of Unexpended FundsJanuary 2024: Fiscal Year 2023/24 First Quarter Financial UpdateApril 2024: Fiscal Year 2023/24 Second Quarter Financial Update and Proposed Mid-cycle Budget AdjustmentsJune 2024: Assessing City’s Financial Health through the use of Financial Health Indicators to Maintain Fiscal ResponsibilityJuly 2024: Fiscal Year 2023/24 Third Quarter Financial Update 3 4
1/31/2025
3 RiversideCA.gov5
PUBLIC ENGAGEMENTJanuary 2024: Fiscal Year 2024-2026 Budget Development and Community EngagementApril 2024: Community Engagement Efforts on Budget Priorities RiversideCA.gov6
BUDGET ENGAGEMENT COMMISSION ATTENDANCE STATS 2023-2024Meeting Seat Filled Members Present Members Absent Held/ Cancelled Reason for Cancellation 01/12/23 11 of 18 10 1 Held02/09/23 10 of 18 9 1 Cancelled Lack of quorum 03/09/23 10 of 18 9 1 Cancelled Lack of quorum 04/13/23 11 of 18 9 2 Cancelled Lack of quorum 05/11/24 11 of 18 7 4 Cancelled Lack of quorum 06/08/23 11 of 18 10 1 Held07/13/23 13 of 18 11 1 Held08/10/23 14 of 18 14 0 Held09/14/23 15 of18 13 1 Held10/12/23 16 of 18 7 9 Cancelled Lack of quorum 11/09/23 16 of 18 13 3 Held12/14/23 16 of 18 14 2 HeldMeeting Seat Filled Members Present Members Absent Held/ Cancelled Reason for Cancellation 01/11/24 16 of 18 12 4 Held02/08/24 16 of 18 8 8 Cancelled Lack of quorum 03/04/24 14 of 18 13 1 Held04/11/24 13 of 18 12 1 Held05/09/24 14 of 18 14 0 Held06/13/24 14 of 18 10 4 Held07/11/24 13 of 18 10 3 Held08/08/24 12 of 18 12 0 Held09/12/24 12 of 18 0 0 Cancelled Lack of items 10/10/24 13 of 18 8 6 Cancelled Lack of quorum 11/14/24 13 of 18 12 1 Held12/12/24 13 of 18 7 6 Cancelled Lack of quorum 5 6
1/31/2025
4 RiversideCA.gov7
BUDGET ENGAGEMENT COMMISSION ATTENDANCE STATS 2025-2026Reason for Cancellation Held/ Cancelled Members Absent Members Present Seat Filled Meeting Lack of quorum Cancelled 5813 of 1801/09/25of 1802/13/25of 1803/13/25of 1804/10/25of 1805/08/25of 1806/12/25of 1807/10/25of 1808/14/25of 1809/11/25of 1810/09/25of 1811/13/25of 1812/11/25 RiversideCA.gov8

STRATEGIC PLAN ALIGNMENT
STRATEGIC PRIORITY 5 - HIGH PERFORMING GOVERNMENTCROSS-CUTTING THREADS Equity
Innovation
Community Trust
Fiscal Responsibility
Sustainability and Resiliency
7 8
1/31/2025
5 RiversideCA.gov9
RECOMMENDATIONThat the Financial Committee receive a status report onthe workplan for the Budget Engagement Commission.9