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FY 2022-2024 BUDGET DEVELOPMENT

The City has begun the budget development process for the Fiscal Year (FY) 2022-2024 two-year budget, which will encompass FY 2022/23 and FY 2023/24. While the budget process will be a largely internal effort through February, the Budget Engagement Commission will provide input on budget items during that time, such as critical unfunded needs and a review of the Measure Z Spending Plan. Community engagement will begin in March, with numerous public meetings and opportunities for input from the community during the public comment portions of those meetings. Budget adoption will occur in June 2022. Chronological list of public meetings and subject matter:

Date	Time	Meeting Body	Subject
November 18, 2021	5:00 PM	Budget Engagement Commission	Budget Development, PBB, and Critical Unfunded Needs (Preliminary Recommendations)
December 9, 2021	5:00 PM	Budget Engagement Commission	Baseline Budget
December 10, 2021	3:00 PM	Financial Performance & Budget Committee	Baseline Budget
March 21, 2022	6:30 PM	Park & Recreation Commission	Parks, Recreation, & Community Services Department Preliminary Budget
March 23, 2022	3:00 PM	Museum of Riverside Board	Museum Preliminary Budget
March 31, 2022	5:00 PM	Budget Engagement Commission	Departments' Preliminary Budget Presentations (Meeting 1 of 3)
April 7, 2022	5:00 PM	Budget Engagement Commission	Departments' Preliminary Budget Presentations (Meeting 2 of 3)
April 14, 2022	5:00 PM	Budget Engagement Commission	Departments' Preliminary Budget Presentations (Meeting 3 of 3)
April 11, 2022	5:00 PM	Board of Library Trustees	Library Preliminary Budget
April 11, 2022	6:30 PM	Board of Public Utilities	Public Utilities Preliminary Budget
April 18, 2022	All Day Workshop	City Council	Budget Overview (General Fund & Measure Z) & Departments' Preliminary Budget Presentations
April 29, 2022	9:00 AM	Planning Commission	Proposed CIP Conformance to General Plan
May 12, 2022	5:00 PM	Budget Engagement Commission	Proposed Budget
May 17, 2022	Afternoon	City Council	Proposed Budget
June 9, 2022	5:00 PM	Budget Engagement Commission	Final Budget
June 21, 2022	Evening	City Council	Budget Adoption

Priority Based Budgeting (PBB)

The City is continuing its implementation of Priority Based Budgeting by updating program inventory, updating program costs, and scoring programs’ alignment with the City’s strategic plan. The PBB methodology will be utilized in preparation for the upcoming budget cycle to identify potential new revenue sources or a reallocation of existing resources toward funding critical needs. The results of these efforts will be incorporated into the FY 2022-2024 proposed budget.

FY 2021-2022 Budget

On June 22, 2021, the City Council adopted the City’s Fiscal Year (FY) 2021/22 Annual Budget comprised of $1.1 billion in funding for citywide operations and $116 million for capital projects. The FY 2021/22 one-year budget is a bridge between the FY 2020/21 Emergency Budget developed during the pandemic and the upcoming FY 2022-24 Biennial Budget which will embrace the concepts of Priority Based Budgeting (PBB) to more closely align City resources with the strategic priorities outlined in the City’s Strategic Plan 2025.