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RiversideCA.govFY 2025/26 First Quarter Financial Update City CouncilFebruary 24, 2026Finance Department
RiversideCA.gov2
Fiscal Health and OutlookSignificant uncertainty of future fiscal outlook remains Overall, the City maintains a strong financial positionRisk that expenditure will continue to outpace revenue growth 1 2
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GENERAL FUND & MEASURE Z RESERVE BALANCESGeneral FundBalance(in millions)Policy Reserves$ 57.32Emergency Reserve (15%)19.11 Contingency Reserve (5%)$ 76.43 TotalOther Reserves$ 18.23Reserved for Section 115 Trust Contributions6.37 Infrastructure Reserve5.00 Technology Reserve25.82Water GFT Escrow88.95Section 115 Trust9.56 Undesignated$ 153.93Total$ 230.36Total ReservesMeasure ZBalance(in millions)$ 20.60 Available Fund Reserves*5.00 Policy Reserve$ 25.60 Total* Reflects projected fund balance as of the end of the first quarter including encumbrances/carryovers.* Measure Z fund balance is anticipated to be drawn down over the adopted five-year plan.
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GENERAL FUND$382.2 $382.2 $383.1 $408.9 $47.0 (12.3%)$108.3 (26.5%) $- $50.0 $100.0 $150.0 $200.0 $250.0 $300.0 $350.0 $400.0 $450.0Revenue ExpenditureIn millionsAdoptedAmendedQ1 ActualsAmended Budget includes prior fiscal year encumbrances and carryovers. 3 4
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GENERAL FUND EXPENDITURESIncludes prior fiscal year encumbrances and carryovers.25.9%21.3%13.0%30.4%28.7%30.8%0.0% 25.0% 50.0% 75.0% 100.0%PersonnelNon-PersonnelSpecial ProgramsMinor CapitalCharges to/from OthersTransfers OutQ1 Actual as % of Budget RiversideCA.gov6
MEASURE Z SPENDING PLANProjectedActuals20262025202420232022(in millions)$ 84.09$83.67$ 84.20$ 85.84$ 83.91Revenue(107.91)100.90(86.10)(69.61)(67.45)Expenditures(44.44)Encumbrances & Carryovers$(68.26)$(17.23)$(1.91)$16.24$ 16.46Net Change in Fund Balance$ 88.49$ 105.72$ 107.63$ 91.40$ 74.94Beginning Fund Balance(68.26)(17.23)(1.91)16.2416.46Net Change in Fund Balance$ 20.23$ 88.49$ 105.72$ 107.63$ 91.40Ending Fund Balance5 6 2/12/2026
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Electric FundAmended Budget includes prior fiscal year encumbrances and carryovers.Excludes bond proceeds and capital expenditures $485.5 $472.1 $485.5 $495.4 $144.8 (30%)$128.8 (26%) $- $100.0 $200.0 $300.0 $400.0 $500.0 $600.0Revenue Expenditure(in millions)AdoptedAmended Q1 Actuals
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Water FundAmended Budget includes prior fiscal year encumbrances and carryovers.Excludes bond proceeds and capital expenditures$106.5 $94.8 $106.5 $106.8 38.5 (36%)19.3 (18%) $- $20.0 $40.0 $60.0 $80.0 $100.0 $120.0Revenue Expenditure(in millions)AdoptedAmendedQ1 Actuals7 8 2/12/2026
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Refuse FundAmended Budget includes prior fiscal year encumbrances and carryovers.Excludes capital expenditures$37.6 $39.3 $37.0 $46.9 $9.3 (25%) $11.1 (24%) $- $10.0 $20.0 $30.0 $40.0 $50.0Revenue Expenditure(in millions)AdoptedAmendedQ1 Actuals RiversideCA.gov10
Sewer FundAmended Budget includes prior fiscal year encumbrances and carryovers.Excludes capital expenditures$78.3 $77.4 $86.3 $83.3 $13.6 (16%)$23.3 (28%) $- $15.0 $30.0 $45.0 $60.0 $75.0 $90.0 $105.0Revenue Expenditure(in millions)AdoptedAmendedQ1 Actuals9 10 2/12/2026
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Public Parking FundAmended Budget includes prior fiscal year encumbrances and carryovers.Excludes capital expenditures$11.7 $10.0 $11.7 $10.3 $3.0 (26%)$1.0 (10%) $- $3.0 $6.0 $9.0 $12.0 $15.0Revenue Expenditure(in millions)AdoptedAmendedQ1 Actuals RiversideCA.gov12
1. Receive and provide input on the Fiscal Year 2025/26 First Quarter FinancialUpdate;2. With at least five affirmative votes, authorize the Chief Financial Officer, ordesignee, to record:a) A supplemental appropriation in the General Fund, Finance-Debt & TreasureAdmin – Professional Services in the amount of $10,000, from availabledeposits in the Debt Service Admin Fee Special Deposit Fund;b) A supplemental appropriation in the Riverwalk LMD Fund, Maintenance &Repair expenditure account in the amount of $265,051 from available fundbalance;RECOMMENDATIONSThat the City Council:11 12 2/12/2026
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c) A supplemental appropriation and all other accounting and financial transactions, on an as-needed basis, from available deposits in the ASR and GCS Special Deposit Funds, for the one-time city costs to be paid by developers of the Adrenaline Sports Resorts and the Sports and Entertainment District development projects. d) An interdepartmental transfer of 2.5 FTEs and transfer of related personnel budget from General Fund, Parks Recreation and Community Services Department, Salary accounts to General Fund, Housing and Human Services, Salary accounts in the amount of $117,533.39;e) A supplemental appropriation and all other accounting and financial transactions, in the amount of $1,554,623.04 from the General Fund, to reimburse the developer of Community Facilities District (CFD) No. 38 an amount equivalent to eligible city fees paid pursuant to the CFD agreement, to be offset by CFD bond proceeds that will be used to spend otherwise General Fund or Measure Z project costs, resulting in a net zero impact to the City. f) A supplemental appropriation and interfund transfer in the amount of $400,000 from the General Fund Infrastructure Reserve and $100,000 from the Liability Insurance Trust Fund, Risk Management, Property Damage Claims Accounts into the Capital Outlay Fund, to support costs associated with the City Hall basement flood damages.RECOMMENDATIONS13