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1 RiversideCA.gov1
RiversideCA.govFY 2025/26 Proposed Amended Budget
City CouncilMay 13, 2025Finance Department
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•Overall, the City maintains a strong financial position•Significant uncertainty of future fiscal outlook remains–Tariffs–Immigration Policies–Other Federal Action•Recommend proactive measures pending additional revenue and economic dataFiscal Health and Outlook1 2 5/1/2025
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Taxes $ 351,783 $ (6,281) $ 345,502 Licenses and Permits 22,507 (1,395) 21,113 Intergovernmental 45,810 (171) 45,638 Charges for Services 765,757 (5,862) 759,895 Fines & Forfeitures 6,127 294 6,421 Special Assessments 11,936 781 12,717 Miscellaneous 44,151 166 44,317 Rents 2,984 - 2,984 Other Financing Sources 2,309 (1,650) 659 Debt Transfers In 41,805 1,488 43,293 Operating Transfers In 114,946 6,139 121,086 Use of Section 115 Trust Set Aside 4,352 7,652 12,003 Use of Reserves 194 73 268 Total Revenues & Transfers In $ 1,414,661 $ 1,235 $ 1,415,896 Revenue CategoryAdopted BudgetProposed AdjustmentAmended BudgetAll Funds(in thousands)All Funds Revenue(Operating Budget) RiversideCA.gov4
Personnel Services $ 426,733 $ 9,861 $ 436,594 CalPERS UAL 23,163 5,984 29,147 Non-personnel Expenses 488,610 8,384 496,994 Special Projects 76,276 (1,795) 74,481 Equipment Outlay 6,375 (1,000) 5,375 Debt Service/Debt Transfers Out 228,664 4,789 233,453 Minor Capital 142,218 (1,000) 141,218 Charges from Others 101,079 423 101,503 Charges to Others (137,779) (450) (138,229)Operating Transfers Out 114,946 6,139 121,086 Water GFT Escrow 9,183 - 9,183 Total Expenditures & Transfers Out $ 1,479,470 $ 31,334 $ 1,510,804 ExpendituresAdopted BudgetProposed AdjustmentAmended BudgetAll Funds(in thousands)All Funds Expenditures(Operating Budget)3 4 5/1/2025
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GENERAL FUND & MEASURE Z RESERVE BALANCESPolicy ReservesBalance(in millions)Balance(in millions)Emergency Reserve (15%) 54.18$ Fund Balance* 35.89$ Contingency Reserve (5%) 18.06 Policy Reserve 5.00 Total 72.24$ Total 40.89$ Other ReservesReserved for Section 115 Trust Contributions30.24$ Infrastructure Reserve 9.38 Technology Reserve 5.00 Water GFT Escrow 16.63 Section 115 Trust 77.19 Total138.44$ Total Reserves 210.68$ General Fund Measure Z* Reflects projected fund balance as of FY 2024/25 Budget Adjustments approved through April 8, 2025.* Measure Z fund balance is anticipated to be drawn down over the adopted five-year plan.
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GENERAL FUND & MEASURE Z OVERVIEWAdopted BudgetProposed AdjustmentsAmended BudgetRevenue/Transfers In 371,805,699$ 9,838,482$ 381,644,181$ Expenditure/Transfers Out 371,805,699 9,838,482 381,644,181Surplus/(Deficit) -$ -$ -$ Revenue/Transfers In 86,997,000$ (2,901,000)$ 84,096,000$ Expenditure/Transfers Out 101,594,532 6,194,636 107,789,168Surplus/(Deficit) (14,597,532)$ (9,095,636)$ (23,693,168)$ FY 2025/26 SummaryGeneral FundMeasure Z5 6 5/1/2025
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GENERAL FUND & MEASURE Z REVENUESProperty Taxes $ 97,220 $ (747) $ 96,473 -0.8%Sales Tax 96,581 (2,489) 94,092 -2.6%Cannabis Tax 1,000 - 1,000 0.0%Utility Users Tax 37,155 (34) 37,121 -0.1%Transient Occupancy Tax 8,970 (43) 8,927 -0.5%Franchise Fees 7,213 (53) 7,160 -0.7%Licenses & Non-Developer Permits 12,999 (1,892) 11,106 -14.6%Non-Development Charges for Services 12,229 - 12,229 0.0%Development Fees & Charges 8,673 1,062 9,735 12.2%General Fund Transfer 56,199 - 56,199 0.0%Measure Z Transfer 18,266 - 18,266 0.0%Public Safety Support (Measure Z) - 7,239 7,239 100.0%Other Revenues & Transfers In 15,301 6,797 22,098 44.4%Total Revenues & Transfers In $ 371,805 $ 9,838 $ 381,644 2.65%Sales Tax $ 86,197 $ (2,901) $ 83,296 -3.4%Interest Earnings 800 - 800 0.0%Total Revenues & Transfers In $ 86,997 $ (2,901) $ 84,096 -3.3%Measure Z(in thousands) Revenue CategoryAdopted BudgetAmended Budget 12/31/2024Year-End Projection%ChangeGeneral Fund (in thousands)Revenue CategoryAdopted BudgetProposed AdjustmentAmended Budget%Change RiversideCA.gov8
GENERAL FUND EXPENDITURESPersonnel $ 270,363 $ 6,759 $ 277,122 2.5%Vacancy Factor (15,890) (1) (15,891) 0.0%Cal PERS UAL-Safety 12,733 266 12,999 2.1%Cal PERS UAL-Misc 3,844 2,738 6,582 71.2%Non Personnel 78,891 509 79,401 0.6%Special Projects 10,537 (45) 10,492 -0.4%Minor Capital Outlay 508 - 508 0.0%Debt Service 22,048 - 22,048 0.0%Charges To/From (20,837) (289) (21,126) 1.4%Cost Allocation Plan (22,831) - (22,831) 0.0%Section 115 Trust Transfer 9,000 - 9,000 0.0%Water GFT Escrow 9,183 - 9,183 0.0%Other Funds Subsidy 14,257 (100) 14,157 -0.7%Total Expenditures & Transfers Out $ 371,806 $ 9,837 $ 381,643 2.65%General Fund(in thousands)Expenditure CategoryAdopted BudgetProposed AdjustmentAmended Budget%Change7 8 5/1/2025
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MEASURE Z EXPENDITURESPersonnel $ 27,549 $ 814 $ 28,363 3.0%Vacancy Factor (500) (473) (973) 94.5%Cal PERS UAL-Safety 2,002 62 2,064 3.1%Cal PERS UAL-Misc 231 167 397 72.1%Non Personnel 8,871 398 9,269 4.5%Special Projects 11,814 (1,500) 10,314 -12.7%Minor Capital Outlay 2,637 (1,000) 1,637 -37.9%Debt Service 13,981 1,488 15,470 10.6%Charges To/From 19 - 19 0.0%Transfers to General Fund 34,991 6,239 41,230 17.8%Total Expenditures & Transfers Out $ 101,595 $ 6,195 $ 107,790 6.10%Measure Z(in thousands)Expenditure CategoryAdopted BudgetProposed AdjustmentAmended Budget%Change RiversideCA.gov10
ADUSTING TO A BALANCED BUDGETIssue Amount Issue AmountSection 115 Set Aside (GF) $ 7,651,773 Deferred Maintenance (MZ) $ 1,500,000 Forestry & Landscape Equipment (GF) 950,000 Citywide Fleet (MZ) 1,000,000Talent Management System (GF) 250,000 Parks Capital Improvements (MZ) 1,000,000ASL Interpretive Services (GF) 45,000 PSET Vacancies (MZ) 383,413MZ Fund Balance 3,079,438Total $ 15,859,624 Cost Savings Measures (General Fund and Measure Z)9 10 5/1/2025
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Electric FundExcludes bond proceeds and capital expenditures.
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Water FundExcludes bond proceeds and capital expenditures. 11 12
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Refuse FundExcludes bond proceeds and capital expenditures.
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Sewer Fund
Excludes bond proceeds and capital expenditures.
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Public Parking FundExcludes bond proceeds and capital expenditures.
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STRATEGIC PLAN ALIGNMENT
HIGH PERFORMING GOVERNMENTCROSS-CUTTING THREADS
Equity
Innovation
Community Trust
Fiscal Responsibility
Sustainability and Resiliency
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RECOMMENDATIONSThat the City Council:1. Receive and provide input on the proposedamendment of Fiscal Year 2025/26 of the previouslyadopted Fiscal Year 2024-2026 Biennial Budget; and2. Set a public hearing for the adoption of the AmendedFiscal Year 2025/26 Budget on June 17, 2025.17