HomeMy WebLinkAbout _ 3.1---Consider Approving the Preliminary Draft GF and ISF Budgets for 25-27 � � �' � � �
� � � ' � �' � � ' � ` CITY OF REDDING
REPORT TO THE CITY COUNCIL
MEETING DATE: May 20,2025 FROM: Barry Tippin, City Manager
ITEIVI NO. 3.1
***APPROVED BY***
btippin@cityofredding.org
"S' �p�an,�`:: i�r� � �,'['�1����
btippin@cityofredding.org
SUBJECT: 3.1--Consider preliminary draft General Fund and Internal Service Fund budgets
for Fiscal Years endin 2026-27.
Recommendation
Approve the preliminary draft General Fund and Internal Service Fund budgets for Fiscal Years
ending 2026 and 202'7.
Fiscal Impact
The presented preliminary budget forecasts revenues in excess of expenses for the General Fund
in Fiscal Year Ending (FYE) 2026 and expenses slightly over revenues in FYE 2027. Minor
changes in these figures are expected as refinements are made to the final budget.
Alte�native Action
The City Council (Council) could provide alternative direction on how to balance the budget.
Backg�ound/Analysis
On May 6, 2025, the Council received a presentation regarding the proposed draft General Fund
(GF) and Internal Service Fund (ISF) budgets. The GF budget presented was summarized in the
following table:
Tablc from 5/6/25 resentation
, �
� � �a3�� �"` ��ik+�
s �, «
, � .:� ,� � u �: � �, �. „
' �:. , �' � '":� � '''" ..� t��u ���� �,> � fi ro � r �t� *,�� �-(,� ai�m>m
:.... �„ �.., �'i, . ........ �.
..�..x.uz'ua..�{wn�tt� � , ts�.°��r�',��&��at.ta+�t�tt�+���aa�n'� ��iS�uv�:u�e,�^���ea�tr��a'"z�re��:r� .:
.. . ..... � ..�p, , � _...... .,:;.� ..,. „ . ..;.....
" � �:: ' • ffi�.d#'� $:�:� ` 8# 6�. $:.:m � # �:�8 8.�.. :� 4 $�:�
....., � .,.,. ...... . , .,. . p..... + :� .,.,,, , . ,f , . ..�i
�.. , ...., . .. ,,, .;.. -.. .. .
,.,, d . . ,.. ,a .
i
� ,o��,�. � .,;:�. t��: w , (� 4. � �d.Y= 4�� 4 �#��� d k. #S � Y #:�.
W �� ��:$�. r.„ vp�� �ui�� �
����
� µ .
� �, , !i � ;�4;
� o. k'� t �.��. ° 4::� � �.� .<,e �•:; � �#°: d :# R ��.
Report to Redding City Council May 19,Z025
Re: 3.1---ConsiderApproving the Preliminary Draft GF and ISF Budgets for 25-2� Page 2
As shown, this proposed budget resulted in revenues exceeding expenditures by approximately
$2 million in the first year and $200,000 in the second year of the budget. After considerable
discussion, the Council directed staff to reduce revenue projections for sales tax by one-half of
one percent in each of the FYE 2026 and 2027. The resulting budget is summarized in the
following table:
�Y � � � �
� � � ; t k m � � ;
a
� 4, � �'�+ �s� � ���,. ���� x,, � �. c�s� a � �',' i
' � x } t, ., � _.V?�k� �� r. '� 3�„ , ��o su � ,,,.. a�.l?�A � �4�,tr �,'�Y���ht��St . ',t�8,�: '� :3
.
��� m �� .Q��':. ���.�. e . . :� � �:,; ,�.° ' �.�.�� � ��. .�.�`�.. �` � �:;
.a i, �� @ .p �,,a � �, , . . � i.. ,, � � 1
� �
s
� Po�,m d s.' a '�8$ d ' i � �i �' �s �r�me' ,�� � # F a' 6 �#�
.. s
m e � � a �, �,, �yi ,.�. �, �o, � �
y
� :. � �r���� 1�� � �; 3��" �t �"� ���'�i !��� ° ��� ��Y 9'�, *,;�'F 9 4�I
The change in revenue assumptions results in a surplus in year one of the budget of$1.9 million
and a surplus of $61,000 in year two. In order to achieve these results some General Fund
capital expenses were reduced and it is assumed that four officer positions will be eliminated
through attrition due to the elimination of American Rescue Plan Act funding in December 2026.
The Council also requested that the ten-year plan be presented in order for the Council to
consider the future years projected reserve amounts should the budget as presented ultimately be
approved. The ten-year plan is attached and the projected reserves for the first six years is shown
below. It should be noted that the reserve amounts are based on the projected reserve cash
available at the end of the current year and deviations from that are likely based on expenditures
in the next month, the new financial system projection process and fmal revenues. It should also
be noted that the bud�et only covers years 2025-26 and 2026-27 and the future years in the ten-
year plan will change with any modifications to revenues and expenditures in the budgeted years.
As can be seen the reserves are projected to be below ten percent in the second through sixth
year of the ten-year plan and then it returns to ten percent or higher. In the out years, staff has
forced the number to ten percent through assumed cost increases.
Projectiv��s tosva�xcl Cc��i3�ci1 t�l�jectives
Ending C'"�sh as Per�centage of
Et��enclitii�•e.� io.11 9.8°t'o t�.�r°'o g,t�°i'u 8.8�, g.o1
Whi1e the ten-year plan is a good tool to forecast future fiscal conditions, it should not be
construed to represent future budgets as those will be developed biennially considering all of the
changes that occur over the two-year budget period. Whi1e the goal is always to have reserves
projected to be more than ten percent in the future years, the reality is there are time when this
may not be accomplished due to various financial conditions. The Council is advised to consider
carefully the service levels provided in the budget years while determining any actions to correct
future years where the reserve is less than ten percent. In other words, the Council should
consider whether or not a reduction in current service levels, or an increase in risk liability, is a
prudent decision to alter a future condition based on speculative information.
Report to Redding City Council May 19,Z025
Re: 3.1---ConsiderApproving the Preliminary Draft GF and ISF Budgets for 25-2� Page 3
As shown, the reduction in the revenue in the first two years has created a need for some
additional expense reduction to balance. It is likely that additional expenses will be adjusted as
the final budget takes shape. However, should the Council wish to make modifications to the
proposed draft budget there are a few things to keep in mind:
• The percent reserves is different than cash as it will fluctuate based on expense and could be a
higher or lower cash number dependent on various factors such as grants and other items
included in expense.
• Operations/Maintenance and Capital Budgets have been reduced to marginally acceptable
limits already. More reductions could bring significant risk and/or unanticipated facility
failures.
• The ten-year plan assumes a reduction of an additional four police officers in 2027 due to
grant reductions. Obviously, other changes (more grants or higher/lower revenues), will
impact this future decision and should be dealt with in future budget discussions.
• City of Redding (City) staff contacted labor units that are in current contracts and have impact
on the General Fund. Staff inquired whether or not they were interested in negotiating
concessions to assist with the budget difficulties. The respectful response from all units was
consistent that they were not interested at this time.
• There is an assumed increase in certain revenues for services provided by the City. These
increases will only be realized should the Council approve the increased fees which will be
presented to the Council in June at a public hearing.
• In addition to the much discussed eight Police Officer and 12 Firefighter positions, seven
more positions have been eliminated as well as $100,000 in temporary help for parks
maintenance and$100,000 in funding far cadets in the Police Department;
• Reductions in the Fire Department would be restricted to Administration and Prevention
Divisions which would limit and reduce inspections, arson investigations, development plan
check review, training, further reduction in administrative duties, and other functions;
• Further reductions in the Police Department would be to non-sworn positions and would
impact officer efficiency and productivity;
• Should additional officer positions be returned to the budget the cost of each officer is
approximately$180,500 per year when including the salary, benefits and equipment;
• Other General Fund employees have lessor costs and they charge to other departments. As an
example, the position that has been eliminated from Communications & 1Vlarketing costs, in
total, $110,000 but the cost to the General Fund is �46,200 as only 42 percent of the cost is
attributable to the General Fund. Therefore, you would need a reduction of three and one-half
of these positions to retain one police officer position; and
• Similarly, for the positions in Parks Maintenance Division that charge directly to the General
Fund, the all-in cost is estimated at $90,000 reguiring two of these positions to be reduced to
retain one officer. And for context, this group performs landscape maintenance at all City-
owned buildings and facilities, maintenance of approximately 480 acres of community and
neighborhood parks, 38 miles of trails, pool and equipment maintenance at the Redding
Aquatic Center, Fantasy Fountain and seven commercial fountains, 24,000 street trees and
65,000 open space and park trees, 38 playgrounds, 800 acres of natural open space, 18 special
purpose sites, and landscape design support to the Planning and Engineering Divisions,
landscape maintenance support to Redding Electric Utility, Housing, Public Works, and more.
Report to Redding City Council May 19,Z025
Re: 3.1---ConsiderApproving the Preliminary Draft GF and ISF Budgets for 25-2� Page 4
Tn conclusion, the preliminary General Fund Biennial Budget has been difficult to develop, not
only because of the added expenses in 2022 and 2023 but because of the sluggish economy and
the uncertain future resulting in conservative and uncertain revenue projections. However, staff
absolutely has the ability to navigate the future and monitor and adjust the budget, as needed,
with Council approval. The massive reductions during the Great Recession and the pension
crisis of 2017 were strategically navigated and managed by staf£ Those periods of time
exemp]ify, firsthand, that City staff have the ability to adjust budgets when needed and the
fortitude to do it,rapidly if necessary.
It is recommended that the City Council approve the preliminary draft General Fund and Internal
Service budgets as recommended.
Envi�^onmental Review
This item is not a project as defined under the California Environmental Quality Act, and no
further action is required.
Council P�iority/City ManageN Goals
• Budget and Financial Management — "Achieve balanced and stable 10-year Financial
Plans for all funds."
Attachments
^Budget Workshop 050625 Handouts
^Ten Year Plan 25-26 & 26-27 5.20.25 Draft
• • �# ! • 4 O O 0 �
4� 3w � � �} � �� Y� Y �:
�� � V�I' � � � Q. � � �.
i'3, `G� � ci��. .-�. C O. �. O �.
'Ci 't7
� j'. m `� .� � p � N $�'1
t'�. �..r �X ��.. vt. c6 G,. � s2
� �
� � � � � � � -�p � r�•p
ro ro p
�� � �. ��. .�� � P5.. � 3 �: .
�' rn � � dy =�; ��� � � ��.
e us
� � � � 4 �^ c�n 1� lD
� � � -w � f}
c�i � , p�7 � o
�
� ' p. y n� ``�' C`s
4q ' r
q � � �
� vN t�r �vr v} vr � vr cn r�i� � � — ��
tJi �' �-+� N IV�� 1--� F-�� � �'' � ri �� �"ft �:�-�C
W -'�'A t-� CG =�t (J't ;(y f"' O � � W
t,�C `�' .�? o � N O � � Q1 � c� � f�
._. w � � � � � �
N � IO
� � � �
� rD „�
� fD
W p �,
TI � \
� �,'`�
O. ��j ��,`��
��rt � �\ �,
�
a
� . . a ,. v . w $� �
� � � `s e m € � `s g .
� �.
� � �
� � �
� r ��.".�..�. '��C Ci 1
� �,f{t�f� � i"r � 1'@
�,
� z�t�j+� �1�y �. �"��:� � � �
3 i t r�s;.',t�,� wzw � � �
' t,y .�"�. - � �►
0 �a�. � .. � �
� � r �
qq �
.C7 � : , �
n ��� `��� ���� �
O � 't �
v�t � #;
..., y � t
�� ',,�s � �°,4
�� s x �`�w
M�; ��� �� �
�°�� �� ���
� {�m � -
m a�;` � �
xX � �
w ( _
3 , \
.P"' � ;. . � n
�w �
3f,.��" � �=, z�: � •
lT1
`,�.
I�
N
�
h)
C7
N
•s lt1
� �
� n
-� � �
� t r�j,r;: a
�' ��, tl� ��,, su
,{ ... ,�i��� ._
S', r �,/! �t�t t/f
�# y _
'r t°�tC�.{h dS2� � �
n �j}{j �k�� �J�.. � U5� �+
7 y r}i�tt ' C7. `n
ds�S t �t{ "�� P1� ""�� ��
r^,r
— ��5'�}.yr�%' ��.+� tD tD
� 'n %i '�1
;��. .� c.i� �
= � ��� � " `��, �
n , b� ^ � = "� �
�r.. w
j � �
.� � ��.m „ � �
, � > �
� Q
aF �
� �
� �
� �
. C/1
� - �� ; tp � ���. . y ��
t
+"4' ��,'
_
� � �
,„
; � �' `" � d'
,f � �= �.a ��fi m �. � � �," J ry
.
,,. � � � _.
� . ..� . . .
�, , �, . ,� , ��
f�� � �„�
q� � '
� � € � < <� � �•�
, ��
, t��
„
�: � �.•, . :' • ���„ � �. �. �: , �� 's
. z �
� ,.
�
_ �, t y ,�� .,...
�
�
�w ° � {w�
�
;.., � : �.. . �,�n� , ° �� . � {4 r
3 �
t�D �
e
�g�a .. , �;: , �� � ' ��
� �
ro ��� �
��` t=_'9° �±4 �'
r� a
� ;iry � � �� �
o `1"B '� 'ty
„, .
� �
� �.,, o
;� � � r_. �
� r:� �� r�' �
-�� ..� � � � ,_k. �
� � N. t� ' :Ot
� , J
,
� ry7
�1 � �
� �
� �
� �
�`" -t
�..
w � �
.:,.: �� �. P+.
� � � � �
o j � �
��. � � � � � ��" �
�ts
,
��� �µ � �� �x � ��
� � � c vr� ��,, �a'� sn
°° �� �.� � O
�,�. �; t,, �c� �
F� t � � �4 �,� t,� �= �-. � �
r � ..:.
� ,. ��,
�
� �
,
.. � � � ��,
x
� �u .� w
�',Fl � �'.: �� ��� �,fl t � �. �� ��.,,;
t,!`I
. . . . . . . . . . . . . . . . . . ... �"..�..
�
h.3
\
N
C?
hr2
.� lJt
� �
� �
� �a�� ' . �
,, , m� �
� �� s�
.— .�.
� sn '' vs
��' � � �
� s , ,� � ,�
t``t 3� �� �1� ^" P�i
f �� � � tt r �
' h.irr.���1s,�i,r` �� t'�t � � '.:#�s�7� ,t t,.
,�a� ev
r�� � � s�; �
w � � m �i �
s ��
` =' C3, ; '� L!„
�• ��� �,.: � m. �. ��:,:: �
� 1 t
m � �
> � �
r�h �
�*
{lQ
, t�"
.�.
. � �
� �
�
� $� ` � �� d�D
� .a m
��' � � � �
e : �, : _ n �
�
��` fess �,
�a � n�
4 � �
� ¢ � �
� - �' `. g& . �� .,r
� �
� �
� � .�
, � �
� �
e 4
�. ...
� t� t�
� �4 J f{ �F .. Y�{
_ ¢} }° �d� � � i � �
�`iS�.s* �p: Cy� j'y� yI �r
z�
� �t � I�f�f�i t�. �c
F u°Y t
�� t�l � t�,w;�tis>>„�. `°� t�'!
- m ,�� � n> ,Z1
` r' !; � - !:
� �'
n ;�
� � � � , �� �
x �
` � �� � a SS' �'� ��� !1W
r� �„
� , � �:
� ��� � � � r; ��
� r
� r,y t�3 xi �,
�.t �
� t1w
� �
t3 gp
" �'�{`� �4 °� s�"` �
� �� ` �� a �O
� � �
� � � �
r �
� � C�� # °' �.; 9C
r`'` a'+� ` f' �
��" � s�< �
e� f �� � a N� �.
� � �� f`f
� �t� s � s` �
y� '` &� � �
� Y 4 4�1 �
�. � , �� . �' . �s3b� ,. �
U1
�
W
N
�.
N
Q
� h�
tft
_._..��._.� r.�.��
� �
�c �
� �
� , �
,., t
t k , •—
4k{i({ i �.'}. a 'i`�, )s}31 j t .. �
�i ts aC �� tt ti' � �
iu t�:�ts j>it`�` i9: �r ja�tr 4 � �
�b t� �� a � � � i�§�11"'t�:liss}i �„'1. �'
t r t � i�
� �t�„�,,,{�� � �c$'�„���,r.�v, � fCi
� � ��: �
3
� � � �
w,
w � � � �
r �
tee
. .r`t7'� �£. !
�
. �. � .'� �� .:
... .. ���.... , .,..� :� ....
�
�
"4
fli
�
�
• �.. a��j�� ;i'"1
w . � : . �
. "7p� �
� +" "�"
q
� - , ,
n „�„
�. �
t. �„ �, �"
w�r °P�' � A� �
a ,� � � � �', �
_
:
� °= ��` � �
N �+ {X}
� � �'�
, �s:,,
�_��� �_ _--�
�
� t�
dD *�t
� a. �.;�. �
�it c�� fy
�� � �
s��t'fttr Q " ta,';� � �
s t t{ ,/ �� }S{ g� M.y�A
t k�;;t } '�! i?��",� �P� "'M
I+
� ���I};} tt � ; � �� �.
� 4t i>' � '""i �� � �p
a 'i�p � �"` �
� � �ry' �
;; s�t � � f3,
� 1 � �� �
t'"! �' i
""C 4
a � �
� �
n �
... !«
A �
*} r ;;, �
,
�
� '� �
i � �
_ . .. � �� .. : � �
� p
v3` f �I �� � ��
���., f d p.. �., ".,
k �'.: 4. h' "� �°y�.
k
�"� Sx�
�� � � T �ar
� " �� ,
;.Sr,tF.� 7�+ n .;v:y:.
... . .. . . .... �{:.
t1'f
�
�
N
�
N
C3
N
� �
� � ����
G"s _ G�
� �
� �
� ,5 � a, s t �
, 'tt' tf
� G�
jtt � �����iiz �r{�t�fji O
�,#7��{ C n r� z�,�,v�i� �r i p,�'
� } �
� �1.; }iF � ;r��`s t . �
� 4 1
It7t w'� a � t'�t` �
i z£ tit{ x. � ts ;4
^�. � t�i7ra�,��$ �
w
a
�° „�� �:� g: �
� � > �
4 (
!`� f"�
e� �
cvC �
t"! �
ip Sit
.7�C" �
4Q
_; r tD
. k � . � �
w . � �
� ° �� " �� , ��� �` a " '
a � _ .� �: � :9
� f �
� �'
p� �
,t�
��° �x f
�� x� L
' da 4 `, �*£`.
a � ���
a ' � � � ��,
l
� �
_ m , >
� � r �
, �,
� ��
..... �i'f . �. ... . . � � .
� �
rt �
� �
t C3 5 O
�t' }4 �t1� 'r+." �a � r V 4 i t 3s,. +R;
i. '?.,s r kti �#4 1 *"F 4� ��4 � *�'C
3� ;t{4j3r "..� �. sk jj.r{t 'r�
� �s� t �t�trt;�
��rt,;i:.� � t.<�`s���;� �
� � s �
� �
„ ,� ��,, rt
e ' � � �
"Q �
� �
� �
en _
O �
� �
� �
tp �
� �
'�
i• R
�
r`�
{, 3,,
u €
'��^r � ��` � {�.
�* e <. S �� . _. c ,,. � �.
a � �
� K
�n
�: ` �,{ ��� '
j� �n 4 E ."i.�.
... 1 x' .. � �...
'.,' � { �,i j
a'
n..
x� � �
�
w�
� '� x� { �s . � a �,,
- _ ^ a„o � i ��
�- .. . �9i�.� „'�". .
tJ`f
�
�
N
*.*.
N
G7
h3
X"� t!i
-� C�
-�c �,
iU �
3 gp
"�� m
. . � Yd�._r: .. �. �..
,,. x.,� 5i�e
PF
� �
y � � �}�S{f�t d.
Y . t 2 � i2�5t}$t S7 �4
z r J4���� . � ; �s
o �;a t' �t���� ��� l S'�� �` "�
az � � it„�.:;Ew;
� t}Y i �y}Si p. �
'„{z t}}FfY �
°�
� ti�t�tt �1 � ; +�M
ilttl�F t7Q a
w 7q , v, �
; r G}41, '' d
'' `t.f,��'� f9 ��
tD �
::. �1
� �
(� t1
$1
t/1
t�
. . .
�
G� a_ r „ +4.�
f1�
" +,f6�
� ��� �
�
� �.
, ��
i , -` �xi A
.,
� �LL �» w � . �- � � �� " '
r� .� xa�: M` �'»
.�� �� � �h�.. t
.' m
,.�,. .. �;��:! x ri .
� � =, �
� k'w:
� s� �. .,. .. , �:
v
W n
.. . ....: .: ��
; _ . .. a:. .,..�� . �
� �r E `� �' `
� � � . � . � .� � �' � -. � � ��� � �
��� �� � ��xm `; � � ' �,� .�;�� ��.. � r �: �, � ��
� � �
< ;�
�, ro
c �,
�, � ...
� ' �
� ,,;��l� � � r}`� t �C
� '�; r ys #k e�M: k� ���'�;tti,t,.��. 't
tt �ti �/'y. a:
_ `j��is iTk �
n �,;,.r.� � a �
: �. �
, R} = rt
8 4h g 1
. °3. �.. �� .'" .� :.
.�
.. � � .. . � ..
fD
'�J
�
rt
,;,, , �
` tD_ , ' . � �
3 # �
z te
t /yy
u:` . , �.� ` ! ' Y„ � Rw`
u � � ,�. � � � � � kw � �
� � � � � �. �
�w �� � � �� �
� �. t �
n� g i �w ` ��. � �' e
d �� t � ��
m
t _
s
�
^� <
.
A
� ,, xi .: � .� .
{� f Ess' �' �� �xt� � .� � � �e�..
} y. �yt g
m
...... �" L.. .. .. � i'. ..t.. ��i.{y n ,. . . ..C�:. .k�'. . . .... .� S-:..... {� ��xt,....6 i"
. . .. . . V.1:
. . .. . . . � . . .. . . . �w`°s.
kp",v�
1d
����`�
iV
�p�
IV
� �
.v t�►
�� 3
4
3
$ �_ �
. � . u �
� . �
� , � �
� � e � x� �:�
f � 2 �
� ;� +���� 'ti �
� �,i,',4sirr„�� � iz l�� � �
� � s
tr
� .{a�t,s`5t,.>,:� �;
i
o- R T �.
-�m4 , $.. ,, $ w..
,�k... --: , .
»; �- °
� r
�. ' �.. ,„`�` ,— . ...... � ....
. ��,.� ;: ...... . .
5 . .M. .^ .,,� � ;, " ... ..... ; ,..., t �.
. u�u.,,._ „ ... ' ,..�;
�,
`"t � ts: � � �,,
€ � � �� �A z
o v
_ �: � .
�� , °�� s �' � �xir ,,
z ��� " ��; �w �= � w.�
�, � �.
�d � �
w � ; � � �4
' � � ` w � �. � : � �= - �
� � � �w ; � � �` �
�._.�.. �
s ,�
e $ � � g � � �' �.
a
� �
� ' o.
� -„
� � �
}q � f, i�r
sr��' � t .
k�� � �} fS���ri'{Y,
; � �
fD
w �
e t �
�
u,
�� x
�
� �'�
�
, ,
, �
� � \
� �n=
t �Y.
t �
ik a �
»
8�. � .$ t� � � � � �{{S S.
� �y� �,, �
�
�� � � �r;
�
'�� � � ���
" �rv � � � ��: ;
�: �v � �a'�f
tn
�
N
r�a
�
na
C7
N
.,� tIt
- : q n V � M M y u q �
� g :x � �
;� a :$ g a .$ � .� § s � �g °s '� � �
� Ri
� `� �* e �`ot 94
4
� (� ' � �
� � ��� fb
�
� �„f � x � J� �
� N ,�� 'C € �
$ ( � � � Ct �
� `tl� Y ` C►
R
e��.x .. ,..t £� y�. .1. �
� �
7+C �
�
� �. � � w � , �
� N �C ,
d � � � ¢
g �p R
. V �
fD' s
. �
�
� e,t, .
�... .. . y � � � <�< � n'fKi'"a.
-C < -t < N -< .,
� tO W J N tll C C. � l0 W V N N C
. �O to W vl T lNl+ ��. . � O �8 tD.�V ONi N �
�� I I �I i �I I �� : � N N N.�h� N �
� :
.y�Y% X � � � x�% �� F: iP � ��.� �.^ ae �•.
. �..� VI 3� a% N�
.....� 8 $ $ �: S $..... � m......�.. � ..�:e .$ �.8.. ..�. �. $�. 8 �
3
� � , 4b
� �, � �� "'�
� `� p �`°i �'
" �' � _ � i �
+4 € ;
x� � ,t j � � c `+;k �
�� ` � _ ` �
. e �� � �' s 4 �
, - � . �
. � o
I � � r�� � �� �
� ' ; � ' �€ �
�� �S,� , � � p$ �
$ 3�,� i �' s �4
" t �
� � 'i,� �t � � 9
� ti
3 � �s �ti „ �
e �, � �
, � �. _
y
y � �, ,, „ �n b
��.K C < <�.N < � .� C K -C -C < N�N:
ro N .G `�° ni 'ni ni �., C.
a so w v m���n :i�� �y io m�� m �n .�:
w
.-7�.W � y�N �� � -" W ��IJ�J.N �. .
�o �o � �m�� . "� o ro m .� .,�:
j 1 I I 1 �1 1 � ..� � 1 I �I I i ..
. ..C� Y� L�. C::n 1� d �. . W W P Q'.
�.:u2 ae aE aE:�a8.a°: N �� � .aW,p T' a'f z," zE aE �.��.
V,
. .. . . .. . . .... . . .. � . �
�
�
�
�
�p���
i+Vy.y
� v'
m $ a a g o �
se � p
� � ; �� �
; ,r4}F`r(� t �' � '��
� �7�i �t t�,,�� . �?�. "��"� . , . . �,
; �.it<�},r a +s. �•. dt'�
; ,� � �
@ �
a �v [�' — �
c � � �
°' +a'.. z �£����
� � 7 ,'nr.� .
��
�
7
� �
�
t ('.i
�. ��j��t�j�`t t F . �..
�����)r�i,��t..� :'_t: r y <
t4%.
e ��� t„4.,� a�t j i't rti<{,a�..>p•t,Rr„r
m
i �' _ . . . . . . < ,
w
0
� N Y �
1
N
% � " �
5
d
� : . a����..
& �
5 r
3 1��id
�
. . � � c� . .. �� .. +�
� �� S 8 e� 8 � .. r
� o •
�e _ _ _ ` �
m u�" �q �M
$:F V � Efe
;g � � ns
1F �
' � 4E � . .w�' �
)1
�3� it`G f �". ��a' :g� �
��� ��� w} � :%m t'D
s� t r', �y �
� si}?tsf � �tis ��sit'�,]t rl� tz • i�
p 3�t��li((��tr�� w, � ����}+`. ,�„t�'r',.:Xt.,S,�.id ,� � fr`
X�.": �, '�. � 3 �
g O � �
N
N �
N � �
rn C 's
�P � �
:S. � . � � �..��'.i�i�r;r{> �,r„t .t S{f1t{t,�;,,,�.s,{ ,� S�ll
�; �. �
� C
e�F
�
0.� .. . � a :,:.. a� ,� �.
� "s
���� ,��},1rn.:.4 ?�r..'.
e
� 3
3 ^
c
e ^
��,. �,t� T :!� � .�.
�i��4
��}: t�)J�,�t'�j�r;� y .
� < �
• }y 2)<.'��.&
:0�. .... .. .
N
m
v
,,,r�.,�.�, ..,�����.:
; � 4 ,
W�
. . . . . . . .. .. ... . .. . . . . .. .. �
���5
1V
�
�/��
V
/� �,w
✓ %J+
�
_ �.
n
` �
� ���� :
3 { �f
m f}f 5����il;' �T� �.
.� i S�tl .$ ��a
�SUyts� -...<�. ��.
.� *,;N ��w.
" � �
�:§. ::N� .yr.
S tJs a�
: N �
5
� ; ( 9� �
� � �
.. "t1. �-fi. �g � . .. . . �. �
� s �
�ffi ��� r':
� �
� �
��� n:
` z
\ ` .
�'�� e t �� °m
� �s x�tr�z ,f�
� rt�rt�;{�., f-"—e
p���,,�� w�n
"so
� ,��
.M.ti
3
�
�
�pe
bq
�id.y�
YY
�
�yq
� ^ � Vr
& �
��y
...... .. W .
�
£! �
� t,
p` '..� 4:: ��...
�., �;. , ..�, r .
3 �d
� �. t -��....
�� �-+ � i
�e. .
x k�'
.<1 �
�m `�, �
� W
?^o-,
(7� � :°
tix K
y s„ ✓ �
�. ��r � ��,.
u�
a
�
�
�.
�
�
3 �`,,�
� �
City of Redding
General Fund Ten Year Plan (in thousands)
Fiscal Year Ending 2026 &2027
Fiscal Year
Adopted Adopted
2025-26 ao26-a� 2o2�-a8 Zoa8-29 2029-30 2ogo-31
Beginning Cash Balance 9,00o io,86g io,g2g io,565 io,552 io,624
Revenues l01,505 103,435 105,�03 1o8,8go 112,180 115,574
Net Transfers 7>992 8,044 8,286 8,534 8,790 9,054
Total Revenues 109,497 111,479 i13,g88 11�,424 12o,g�o 124,628
Personnel Costs (�6,482) (80,286) (81,908) (84,025) (86,521) (88,747)
Operating Costs ��5>175) �25>753) �26�526) C�7,335) �z8�156) �29,oi4)
CapitalOutlay �5,959) (6,io4) (6,28�) (6,476) (6,6�0) (6,8�0)
Debt Service (1,965) (1,3i8) C1>314) (1,3r3) (1,310) (r>3o9)
Savings 1,953 2,042 1,682 1,�i3 1,759 1,808
Net Expenditures (ro�,628) (11r,418) (1r4,353) (117>437) (12o,89g) (124>l32)
Ending Cash Balance 10,869 10,929 10,565 10,552 10,624 r1,12o
Projections toward Council Objectives
Ending Cash as Percentage of
Expenditures io.l% 9•g� 9•2� 9•0� g•g� 9•0�
Projected Personnel Percentage 69.8% �0.8% �0.6% �0.5% �0.5% �0.5%
City of Redding
General Fund Ten Year Plan (in thousands)
Fiscal Year Ending 2026 &2027
Fiscal Year
2031-32 2032-33 2033-34 2034-35 2035-36
Projected Cash Balance 11,120 12,660 13,218 13,563 i4,008
Projected Revenues 119,o�g i22,�o5 126,434 130�279 134�245
Projected Net Transfers 9,326 9>605 9,894 10,190 10,496
Total Projected Revenues 128,405 i32,3io 136,328 i4o�469 144>741
Projected Personnel Costs (90,512) (92,218) �93�472) �94�974) (96,511)
Projected Operating Costs (29>824) �32>886) �35,924) �38>491) (41,08�)
Projected Operating Costs (�,0�6) (�,289) �7,507) �7,732) �7,964)
Projected Debt Service (r,311) (1,315) (1,132) (966) (g63)
Projected Savings 1,85g 1,955 2>052 2,140 2,230
Net Projected Expenditures (r26,865) �131>752) �135>983) �l4o,O23) C144,295)
Projected Ending Cash 12,660 13,218 13,563 14,008 14>455
Projections toward Council Objectives
Ending Cash as Percentage of
Expenditures io.o% io.o% io.o% io.o% io.o%
Projected Personnei Percentage �0.3% 69.0% 6�.�% 66.8% 65•9�