Adopted FY2025 City Budget

CITY OF RIVERTON · CALIFORNIA Finance Department Resolution 2024-38 · June 25, 2024 Adopted FY2025 City Budget Fiscal year July 1, 2024 through June 30, 2025. Adopted by the City Council on June 25, 2024 by Resolution 2024-38 (5-0). The General Fund is balanced without use of reserves; the General Fund reserve stands at 22 percent of operating expenditures, above the Council's 17 percent policy floor. Budget message (summary) The FY2025 budget holds service levels while absorbing negotiated salary increases and a 9 percent rise in liability insurance premiums. It adds two positions: a Traffic Signal Technician in Public Works and a Police Records Specialist to reduce the public records backlog. Sales tax is projected flat; property tax grows 4.1 percent. — Andre Whitfield, City Manager General Fund appropriations by department Department FY2024 adopted FY2025 adopted Change Police $17,610,000 $18,420,000 4.6% Fire $12,380,000 $12,960,000 4.7% Public Works $8,940,000 $9,310,000 4.1% Parks and Recreation $5,020,000 $5,240,000 4.4% Community Development $3,710,000 $3,880,000 4.6% Library $2,640,000 $2,710,000 2.7% Information Technology $2,090,000 $2,300,000 10.0% Finance $1,870,000 $1,940,000 3.7% City Manager and Council $1,360,000 $1,410,000 3.7% City Attorney $1,090,000 $1,150,000 5.5% City Clerk $960,000 $1,020,000 6.3% Human Resources $930,000 $980,000 5.4% Non-departmental $3,420,000 $3,180,000 -7.0% Total General Fund $62,020,000 $64,500,000 4.0% Capital improvement program, FY2025 Project Funding source FY2025 Main Street and downtown resurfacing Gas tax / Measure R $1,200,000 Riverbend Park playground replacement Park impact fees $640,000 Fire Station 2 roof and HVAC General Fund $485,000 Elm Street sidewalk repair, phase 1 General Fund $310,000 City of Riverton · Resolution 2024-38 Page 1 of 2 Synthetic demonstration record. The City of Riverton is fictional. FINANCE DEPARTMENT · Resolution 2024-38 Project Funding source FY2025 Traffic signal controller upgrades (9 intersections) Measure R $270,000 Library branch lighting retrofit Energy rebate + General Fund $145,000 Total capital program $3,050,000 Authorized positions Full-time equivalent positions: 312.5 (FY2024: 310.5). Position detail by department is in the budget's appendix B, available from the Finance Department. Hannah Cole Finance Director Andre Whitfield City Manager City of Riverton · Resolution 2024-38 Page 2 of 2 Synthetic demonstration record. The City of Riverton is fictional.