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.
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.
Navigation Guide: Budget Transparency Portal