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HomeMy WebLinkAbout _ 9.10(a)--Year End Budget Review and Budget Resolution CITY OF REDDING REPORT TO THE CITY COUNCIL Recommendation Accept the Fiscal Year 2025 Year-End Budget Report; and adopt Resolution approving and adopting the 83rd Amendment to City Budget Resolution No. 2023-060 increasing appropriations by $7,354,390. Fiscal Impact The recommended changes to the General Fund will not meet the City Council (Council) directive to maintain a 10 percent reserve in the General Fund in future years. The required changes to maintain a 10 percent reserve were accomplished as part of the new biennial budget development process with the associated 10-Year Plan approved by Council on June 17, 2025. The 10-Year Plan adopted in June is the more accurate planning tool at this time as it incorporates the savings for Fiscal Year (FY) 2024-25, which impact the July 1, 2025 cash, and other variables that were approved as part of the Biennial Budget including reducing expenditures and increasing revenues to balance the new 10-Year Plan. The other funds with budget requests have adequate reserves to cover the budgeted expenses and where appropriate have included these as part of their long-term financial plans. Alternative Action The Council could choose to reject the Year End Budget Report (Report), request additional information or provide staff alternate direction. MEETING DATE: September 16, 2025 ITEM NO. 9.10(a) FROM: ***APPROVED BY*** grobinett@cityofredding.org btippin@cityofredding.org SUBJECT: 9.10(a)--Consider the City of Redding's Year-End Budget Review and associated Resolution for Fiscal Year Ended 2025. Greg Robinett, Director of Finance/City Treasurer Report to Redding City Council September 11, 2025 Re: 9.10(a)--Year End Budget Review and Budget Resolution Page 2 Background/Analysis The City of Redding (City) expended and encumbered $118,926,558 from the General Fund through June 30, 2025. This level of expenditure represents 90.7 percent of total appropriations, and is $12,024,532 or 9.3 percent below staff’s cash flow estimate of $130,951,090 through June 30, 2024. The attached report includes the Actual Expenditures Compared to Budget, which provides an in-depth breakdown by department. General Fund revenue as of June 30, 2025, totals $105,203,640 which is $3,666,040 or 3.4 percent below staff’s cash flow projection of $108,869,680. The report includes the Actual Revenue Compared to Cash Flow Estimates Year to Date, which provides an in-depth breakdown of each of the revenue results. Due to the fact that a new biennial budget was adopted on June 17, 2025, and this is the last update of this 10-Year Plan there are no recommended adjustments to the revenue assumptions. General Fund Reserves Through June 30, 2025, the General Fund Cash Balance was $10,272,280. This was adjusted for estimated cash transfers from the Gas Tax funds to offset the eligible costs incurred and paid from the General Fund. Staff is in the process of completing the annual audit for FY ending June 30, 2025. After completion of the annual audit, staff will have a final adjusted cash number for use in the Ten-Year Plan. The audited cash number will be adjusted by any required uses of the funds, i.e. American Rescue Plan Act (ARPA) unspent funds, encumbered funds, etc. Additionally, there are expected revenues in the next year which were budgeted to be received in FY 2025 for Staffing for Adequate Firefighter and Emergency Response (SAFER) and other Miscellaneous Items in Excess of $3 million, which will increase cash. As can be observed in the attached 10-Year Plan it shows we will end cash with $6.8 Million and the new 10-Year Plan forecasts $9 Million. Given the various adjustments to cash as outlined above, staff will bring the audited adjusted Cash number for use in February 2026 after completion of the annual audit and adjusted for Carryovers. At this time staff expects that number to likely be in line with the $9 million and less in alignment with the previous 10-Year Plan included in this report. This is due to the fact that staff does not calculate and observe all of the savings but does account for every necessary budget increase. The attached reports show expenditure savings of approximately $12 million. Net of Carryovers & Streets this will be approximately $6.3 million. Additionally, revenues came in below projections by approximately $3.7 million. There are other factors to Cash such as changes to balance sheet items - payables, encumbrances, receivables, etc. - which will account for additional variance. However, adjusting the current 10-Year Plan cash for expenditure savings and revenue shortfalls will potentially add $2.6 million to the General Fund old 10-Year Plan cash to account for these variances. This would adjust the Ending Cash for the old 10-Year Plan from $6.8 to $9.4 million. Until the audit is complete the final Cash figure will not be known. The 10-Year Plan is a financial planning tool and does not reflect the actuals. Staff adjusts the starting cash number as stated above after the completion of the audit, which will occur in December 2025, and will be reported to Council in January. At that time, as stated above staff adjusts cash in the new 10-Year Plan to properly reflect that starting cash number relative to the Report to Redding City Council September 11, 2025 Re: 9.10(a)--Year End Budget Review and Budget Resolution Page 3 previously forecasted number of $9 million. The new 10-Year Plan, adopted in June, is the more accurate financial planning tool. This report is the last update where the old 10-Year Plan will be included. For convenience and reference, staff has attached the new 10-Year Plan as part of the report package. Ten-Year Plan (FY 2023-25) As discussed above the 10-Year Plan approved on June 17, 2025, is the most accurate financial planning tool at this time as it accounts for the expenditure reductions and revenue increases approved during the Biennial Budget development process. Included in this report is the previous Ten-Year Plan that reflects the changes approved by Council since the adoption of the FY 2023-25 budget and the recommended adjustments in this staff report. As a result of these changes and the effects of having an adopted FY 2023-25 budget with a structural deficit, the General Fund Ten-Year Plan falls below the 10 percent reserve in FY 2024- 25. This structural deficit and the associated impacts had been presented and discussed with Council at each quarterly update from 2023 after the budget adoption to 2025. Due to the previous 10-Year Plan having a structural issue the Council approved a balanced budget with a new 10-Year Plan on June 17, 2025. This included expense reductions and revenue increases for fees. The new budget includes reduction to service levels in a variety of key services provided by the General Fund. For a full breakdown please see the adopted biennial budget. General Fund Overtime The City’s General Fund overtime expense totals $6,680,104 through June 30, 2025. This is $2,872,714 above staff’s cash flow estimate of $3,807,390. The expenditures year-to-date compared to the year-to-date budget are listed below, of which, the four largest overtime budgets are Fire, Police, Parks, and Streets: • The Redding Fire Department (Fire) had overtime expenses through June 30, 2025 of $4,683,810 compared to a total overtime budget of $2,234,390; • The Redding Police Department (Police) had overtime expenses through June 30, 2025 of $1,715,406 compared to a total overtime budget of $1,489,000; • The Community Services Department had overtime expenses through June 30, 2025 of $178,662 compared to a total overtime budget of $0; • The Public Works Department had overtime expenses through June 30, 2025 of $96,375 compared to a total overtime budget of $70,000; and • All other General Fund Departments had overtime expenses through June 30, 2024 of $5,851 compared to an overtime budget of $14,000. As planned, the aforementioned expenses are over budget. However, there are no additional budget requests at this time as each department has adequate savings in areas such as personnel charges and/or additional cross charges to other City departments to offset the excess costs. This represents the expected results when the budget was adopted in June 2023. Report to Redding City Council September 11, 2025 Re: 9.10(a)--Year End Budget Review and Budget Resolution Page 4 Budget Requests Department FY 2024-25 Police 631,450.00 Fire 773,020.00 Public Works 722,630.00 Total 2,127,100.00 General Fund The above table outlines the requests for General Fund budget modifications. Requests include $631,000 and $773,000 for Police and Fire, respectively. The Police request is for payouts due to unplanned retirements. The Fire request is due to payouts for retirements and negotiated wage increases. The Public Works department is requesting $723,000, of which $285,000 results from a reduction in the engineering indirect cost rate from 125 percent at budget to 85 percent actual, at the direction of the Caltrans overhead calculation methodology. The remaining $437,000 in Public Works is for engineering for land development projects, which has an associated revenue. Department FY 2024-25 Airports 124,320.00 Electric 4,762,700.00 Solid Waste 30,000.00 Total 4,917,020.00 Enterprise Funds The above table outlines the requests for Enterprise Fund budget modifications. Requests include $124,000 for the Redding Airports Division (Airports). This encompasses $67,000 related to utility expense increases, $10,000 for specialized services for increased costs to the water board scope of work, and $47,000 due to increase costs in cross charges from other departments and unbudgeted overtime. Redding Electric Utility is requesting $463,000 for short term interest payments related to the issuance of new debt and $4.3 million which were the result of negotiated contract increases approved after the adoption of the FY 2024 and 2025 Biennial Budget. Redding Electric Utility has previously included these increases in their financial plan and this resolution appropriates the budgetary funding. The Solid Waste Utility is requesting $30,000 which is due to an increase in utility expense. Department FY 2024-25 GIS 39,760.00 Electrial Technicians 66,650.00 Fleet 203,860.00 Total 310,270.00 Internal Service Funds The above table outlines the requests for Internal Service Fund budget modifications. Requests include $40,000 for GIS. This is for an increase in personnel costs due to the timing of MOU negotiations and salary increases not being included in the budget. Electrical Technicians is requesting $66,000. Of that, $45,000 is requested for personnel costs related to unanticipated Report to Redding City Council September 11, 2025 Re: 9.10(a)--Year End Budget Review and Budget Resolution Page 5 leave payouts. The remaining $21,000 is for increases in operating expenses related to employee training, legal services & communication expense. Fleet is requesting $204,000, of that $12,000 is related to unanticipated overtime expense. The remaining $191,000 is for vehicle repair & maintenance due to the increase in costs to purchase parts and repair vehicles. Reports The attached report is the promised, improved reporting requested by Council. Staff has included each of the reports historically provided. It is important to note that these reports are currently being formatted by staff using data reporting from the new business system and creating a document for presentation purposes. Once these reports meet the satisfaction of Council, staff will begin working to create automated reports that can be generated from the system as opposed to data extracts. It is important to note these reports are not exactly the same as those created by the AS400, which has been replaced. This is an effort to determine the most critical information but also reflects changes due to the new system. An example of the changes of the new system are how encumbrances are treated. The new system treats an encumbrance or requisition as a consumption at the time it is entered into and in future years it will show a reduction to the encumbrance as it records the expense. This results in a net zero impact to budget on the Actual Expenditures Compared to Budget Report. In the old system staff would record a carr yover in the future years to avoid consuming budget twice. This amount would not hit the 10 -Year Plan and would be a reduction to the beginning cash on the 10-Year Plan, which is still happening in the new system. Given the changes, the Actual Expenditures to Budget Cash Flow Estimates report could have consumption from previous encumbrances that causes it to appear over budget and the footnote will be important in those circumstances because it is likely due to liquidation of existing encumbrances and the Actual Expenditures Compared to Budget Report can be used to confirm this. Oracle is a system utilized by thousands of organizations around the world and the benefits of using a system like this is trying to use it as close to intended to avoid costly modifications to the system. Staff has added a new report to account for discretionary carryovers approved by the City Manager from one year to the next. Pursuant to Council Policy 409, Carryovers are approved when it is deemed that adequate budget is available and there is a need for the Carryover. An example of a Carryover the past few years is the ARPA funding. Council approved the budgetary amount one time and staff carries it over for the intended purpose until fully expended. This Carryover Report will be included with all of the standard reports in the future. Additionally, separately from the standard reports staff has included the Cash Balances by Fund report through June 2025 on this item so it can be reviewed and affirmed as to formatting. Staff plans to get these on schedule starting with Q1 2026, but will soon bring a catch-up item for all Cash and Treasurer Reports. This report is currently being assembled by staff to confirm acceptable formatting from Council prior to created an automated report. Environmental Review This is not a project defined under the California Environmental Quality Act, and no further action is required. Report to Redding City Council September 11, 2025 Re: 9.10(a)--Year End Budget Review and Budget Resolution Page 6 Council Priority/City Manager Goals • Budget and Financial Management – “Achieve balanced and stable 10-year Financial Plans for all funds.” • Communication and Transparency – “Improve the quality of communication with the public and City employees to enhance knowledge and increase transparency to improve public trust.” Attachments ^Budget Resolution ^Year End Budget Report June 2025 ^FY 2026 & 2027 General Fund Adopted 10-Year Plan ^Cash by Fund June 2025 Resolution No. 2025 - ____ BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING THAT Budget Resolution No. 2023-60 be and is hereby amended as follows: Fiscal Year Ended 2025 Fund Division Description Increase Decrease 101 1401 Police - Administration 631,450 - 101 1502 Fire - Administration 773,020 - 101 1601 Public Works - Engineering 285,390 - 101 1611 Engineering & Desgin 437,240 - 201 7101 Airports 124,320 - 211 8005 REU - Admin 4,300,000 - 211 8085 REU - Debt 462,700 - 251 6581 Benton Lanfill Monitoring 30,000 - 315 3111 Geographic Information Services (GIS)39,760 - 321 3201 Electrical Technicians 66,650 351 3501 Fleet 203,860 - THAT account titles and numbers requiring adjustments by this Resolution are as follows: Fiscal Year Ended 2025 Decrease (Increase) Fund Balance Use of Funds Source of Funds 101 2910000 Beginning Balance - 1,689,860$ 201 2910000 Beginning Balance 124,320 211 2910000 Beginning Balance 4,762,700 251 2910000 Beginning Balance 30,000 315 2910000 Beginning Balance 39,760 321 2910000 Beginning Balance 66,650 351 2910000 Beginning Balance 203,860 Increase (Decrease) Revenue Use of Funds Source of Funds 101 1611 3338002 Grading Permits - Land Development 437,240$ 101 1099 3560001 Advances to Internal (232,120) 175 5201 3560002 Advances from Internal 232,120 Expenditures Use of Funds Source of Funds 101 1401 4005001 Accrued Pay - Vacation 631,450 101 1502 4005001 Accrued Pay - Vacation 773,020 101 1601 4001001 Full Time Regular 285,390 101 1611 6900202 Land Development - Engineering 437,240 201 7101 4003001 Overtime 7,400 201 7101 4801011 Cross Charge From City Manager 39,960 201 7101 5040001 Specialized Services & Technical 10,010 201 7101 5095001 Utility Expense 66,950 A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE 83rd AMENDMENT TO CITY BUDGET RESOLUTION NO.2023-60 INCREASING APPROPRIATIONS BY $7,354,390 FOR FISCAL YEAR 2024-25. 83rd AMENDMENT TO CITY BUDGET RESOLUTION NO. 2023 -060 Page 1 of 2 Resolution No. 2025 - ____ Expenditures (Continued) Use of Funds Source of Funds 211 8085 9521001 2025 Electric System - Interest 462,700 211 8005 4001001 Full Time Regular 4,300,000 251 6581 5095001 Utility Expense 30,000 315 3111 4001001 Full Time Regular 13,250 315 3111 4009011 CalPERS Employer 10,510 315 3111 4009021 PARS Employer 16,000 321 3201 4005001 Accrued Pay - Vacation 44,740 321 3201 5037505 Legal Services 12,240 321 3201 5110006 Phones - Communications 3,410 321 3201 5335001 Employee Training 6,260 351 3501 4003001 Overtime 11,960 351 3501 5082501 Vehicle Repair & Maintenance 191,900 7,354,390 7,354,390$ THAT the purpose is to increase appropriations by $7,354,390 for fiscal year 2024-25 I HEREBY CERTIFY that the foregoing Resolution was introduced and adopted at a regular meeting of the City Council for the City of Redding on the 16th day of September, 2025 and was duly adopted at said meeting by the following vote: AYES:COUNCIL MEMBERS: NOES:COUNCIL MEMBERS: ABSENT:COUNCIL MEMBERS: ABSTAIN:COUNCIL MEMBERS: JACK MUNNS, Mayor ATTEST:FORM APPROVAL: SHARLENE TIPTON, City Clerk CHRISTIAN CURTIS, City Attorney 83rd AMENDMENT TO CITY BUDGET RESOLUTION NO. 2023 -060 Page 2 of 2 Year End Budget Report Section One Actual Revenues Compared to Cash Flow Estimates Year to Date Amended Budget Actual Over (Under)% GENERAL FUND TAXES Property Taxes 29,244,000.00 29,751,778.75 507,778.75 101.74% Sales Tax 31,522,110.00 30,252,923.43 (1,269,186.57) 95.97% Transient Occupancy Tax 7,498,000.00 7,190,399.74 (307,600.26) 95.90% Franchise Tax 1,260,000.00 1,200,914.78 (59,085.22) 95.31% Business License Tax 900,000.00 903,294.49 3,294.49 100.37% Real Property Transfer Tax 450,000.00 381,658.18 (68,341.82) 84.81% Cannabis Tax 1,671,000.00 1,504,554.29 (166,445.71) 90.04% TOTAL TAXES 72,545,110.00 71,185,523.66 (1,359,586.34) 98.13% LICENSES AND PERMITS Animal Licenses 50,000.00 49,912.00 (88.00) 99.82% Building Permits 1,727,420.00 1,604,260.05 (123,159.95) 92.87% Engineering Encroachment Permits 157,500.00 67,365.85 (90,134.15) 42.77% Electrical Permits 258,270.00 253,665.12 (4,604.88) 98.22% Transportation Permits 10,670.00 12,628.00 1,958.00 118.35% Plumbing Permits 120,390.00 88,410.68 (31,979.32) 73.44% Mechanical Permits 197,250.00 293,491.20 96,241.20 148.79% Engineering Grading Permits 10,500.00 165,433.67 154,933.67 1575.56% TOTAL LICENSES AND PERMITS 2,532,000.00 2,535,166.57 3,166.57 100.13% FINES AND PENALTIES Traffic Safety Fines 953,960.00 1,052,785.87 98,825.87 110.36% Code Enforcement Fines 146,000.00 1,136,796.01 990,796.01 778.63% Other Fines & Fees 50,000.00 108,420.48 58,420.48 216.84% Criminal Fines - 27,249.33 27,249.33 * TOTAL FINES AND PENALTIES 1,149,960.00 2,325,251.69 1,175,291.69 202.20% TRANSFERS AND INTERNAL DEPARTMENTS Charges to Other Departments 7,061,190.00 7,061,189.88 (0.12) 100.00% Property In Lieu of Tax 6,614,200.00 6,614,199.96 (0.04) 100.00% Internal Advances/Loans (543,140.00) 1,116,808.07 1,659,948.07 -205.62% Fund Transfers From 11,689,390.00 9,036,024.00 (2,653,366.00) 77.30% Fund Transfers To (3,523,410.00) (4,523,534.02) (1,000,124.02) 128.39% TOTAL TRANSFERS AND INTERNAL 21,298,230.00 19,304,687.89 (1,993,542.11) 90.64% REVENUE FROM OTHER GOVERNMENTAL AGENCIES Federal Grant Operating 2,969,590.00 - (2,969,590.00) 0.00% Federal Grant Capital 31,570.00 334,734.74 303,164.74 1060.29% State Grant Operating 196,740.00 90,367.59 (106,372.41) 45.93% State Grant Capital - - - * State Non-Grant Funding 283,000.00 574,137.58 291,137.58 202.88% County Non-Grant Funding - 6,242.00 6,242.00 * Other Government Grant Operating 90,000.00 30,837.83 (59,162.17) 34.26% Other Government Non-Grant Funding 814,800.00 1,078,414.71 263,614.71 132.35% TOTAL REVENUE FROM OTHER GOVT 4,385,700.00 2,114,734.45 (2,270,965.55) 48.22% OTHER REVENUES Late Fees 1,700,000.00 1,759,016.01 59,016.01 103.47% Contributions 213,000.00 216,966.97 3,966.97 101.86% Property & Equipment Sales - - - * Compensation - Loss & Property Damage - 110.00 110.00 * Miscellaneous Receipts 292,000.00 591,623.45 299,623.45 202.61% Reimbursements 312,530.00 321,112.83 8,582.83 102.75% TOTAL OTHER REVENUE 2,517,530.00 2,888,829.26 371,299.26 114.75% Actual Revenue Compared to Cash Flow Estimates Year To Date City of Redding - General Fund June 2025 CHARGES FOR CURRENT SERVICES Planning Permits - Subdivisions 526,260.00 382,215.89 (144,044.11) 72.63% Building Plan - Recording Fees 24,750.00 30,941.43 6,191.43 125.02% Plan Check Fees 801,850.00 898,032.36 96,182.36 112.00% Engineering Land Development Fees 200,000.00 - (200,000.00) 0.00% Technology Surcharge 256,070.00 172,983.67 (83,086.33) 67.55% Cannabis App/Permit Fees 487,540.00 859,250.50 371,710.50 176.24% Sale of Publications/Maps 50.00 - (50.00) 0.00% Animal Shelter Fees 6,000.00 5,387.50 (612.50) 89.79% Inspection Fees 3,100.00 2,586.00 (514.00) 83.42% Fingerprint Fees 10,000.00 6,985.00 (3,015.00) 69.85% Fire Permits & Fees 290,000.00 168,451.00 (121,549.00) 58.09% DUI Emergency Response 73,000.00 117,010.79 44,010.79 160.29% Swimming Pool Receipts 179,480.00 96,512.68 (82,967.32) 53.77% RAC Swim Shop/Rental 39,000.00 25,057.23 (13,942.77) 64.25% RAC Admission 126,160.00 147,705.80 21,545.80 117.08% RAC Swim Team 12,620.00 6,809.78 (5,810.22) 53.96% Swimming Pool Concessions 63,080.00 59,507.05 (3,572.95) 94.34% Other Charges and Fees 628,510.00 2,607,377.46 1,978,867.46 414.85% Recreation Sports 77,170.00 607,069.07 529,899.07 786.66% Investment Bank/Charge Holding Account - - - * Special Assessment District - - - * Other Fees and Charges - (200.00) (200.00) * Bad Debt Write-Off (97,300.00) (2,051,405.85) (1,954,105.85) 2108.33% Uncollectible Accounts Write-Off - Grants - - - * TOTAL CHARGES FOR CURRENT SERVICES 3,707,340.00 4,142,277.36 434,937.36 111.73% REVENUE FROM THE USE OF MONEY & PROPERTY Property Rentals 606,840.00 573,714.11 (33,125.89) 94.54% SHASCOM Rent 1,760.00 - (1,760.00) 0.00% Investment Income 125,210.00 133,450.21 8,240.21 106.58% Fiscal Agent Investment Income - 5.48 5.48 * TOTAL REVENUE - USE OF MONEY & PROPERTY 733,810.00 707,169.80 (26,640.20) 96.37% TOTAL GENERAL FUND 108,869,680.00 105,203,640.68 (3,666,039.32) 96.63% Year End Budget Report Section Two Actual Revenue Compared to Total Budget Forecast Amended Budget Actual Over (Under)% GENERAL FUND TAXES Property Taxes 29,244,000.00 29,751,778.75 507,778.75 101.74% Sales Tax 31,522,110.00 30,252,923.43 (1,269,186.57) 95.97% Transient Occupancy Tax 7,498,000.00 7,190,399.74 (307,600.26) 95.90% Franchise Tax 1,260,000.00 1,200,914.78 (59,085.22) 95.31% Business License Tax 900,000.00 903,294.49 3,294.49 100.37% Real Property Transfer Tax 450,000.00 381,658.18 (68,341.82) 84.81% Cannabis Tax 1,671,000.00 1,504,554.29 (166,445.71) 90.04% TOTAL TAXES 72,545,110.00 71,185,523.66 (1,359,586.34) 98.13% LICENSES AND PERMITS Animal Licenses 50,000.00 49,912.00 (88.00) 99.82% Building Permits 1,727,420.00 1,604,260.05 (123,159.95) 92.87% Engineering Encroachment Permits 157,500.00 67,365.85 (90,134.15) 42.77% Electrical Permits 258,270.00 253,665.12 (4,604.88) 98.22% Transportation Permits 10,670.00 12,628.00 1,958.00 118.35% Plumbing Permits 120,390.00 88,410.68 (31,979.32) 73.44% Mechanical Permits 197,250.00 293,491.20 96,241.20 148.79% Engineering Grading Permits 10,500.00 165,433.67 154,933.67 1575.56% TOTAL LICENSES AND PERMITS 2,532,000.00 2,535,166.57 3,166.57 100.13% FINES AND PENALTIES Traffic Safety Fines 953,960.00 1,052,785.87 98,825.87 110.36% Code Enforcement Fines 146,000.00 1,136,796.01 990,796.01 778.63% Other Fines & Fees 50,000.00 108,420.48 58,420.48 216.84% Criminal Fines - 27,249.33 27,249.33 * TOTAL FINES AND PENALTIES 1,149,960.00 2,325,251.69 1,175,291.69 202.20% TRANSFERS AND INTERNAL DEPARTMENTS Charges to Other Departments 7,061,190.00 7,061,189.88 (0.12) 100.00% Property In Lieu of Tax 6,614,200.00 6,614,199.96 (0.04) 100.00% Internal Advances/Loans (543,140.00) 1,116,808.07 1,659,948.07 -205.62% Fund Transfers From 11,689,390.00 9,036,024.00 (2,653,366.00) 77.30% Fund Transfers To (3,523,410.00) (4,523,534.02) (1,000,124.02) 128.39% TOTAL TRANSFERS AND INTERNAL 21,298,230.00 19,304,687.89 (1,993,542.11) 90.64% REVENUE FROM OTHER GOVERNMENTAL AGENCIES Federal Grant Operating 2,969,590.00 - (2,969,590.00) 0.00% Federal Grant Capital 31,570.00 334,734.74 303,164.74 1060.29% State Grant Operating 196,740.00 90,367.59 (106,372.41) 45.93% State Grant Capital - - - * State Non-Grant Funding 283,000.00 574,137.58 291,137.58 202.88% County Non-Grant Funding - 6,242.00 6,242.00 * Other Government Grant Operating 90,000.00 30,837.83 (59,162.17) 34.26% Other Government Non-Grant Funding 814,800.00 1,078,414.71 263,614.71 132.35% TOTAL REVENUE FROM OTHER GOVT 4,385,700.00 2,114,734.45 (2,270,965.55) 48.22% Actual Revenue Compared to Total Budget Forecast City of Redding - General Fund June 2025 OTHER REVENUES Late Fees 1,700,000.00 1,759,016.01 59,016.01 103.47% Contributions 213,000.00 216,966.97 3,966.97 101.86% Property & Equipment Sales - - - * Compensation - Loss & Property Damage - 110.00 110.00 * Miscellaneous Receipts 292,000.00 591,623.45 299,623.45 202.61% Reimbursements 312,530.00 321,112.83 8,582.83 102.75% TOTAL OTHER REVENUE 2,517,530.00 2,888,829.26 371,299.26 114.75% CHARGES FOR CURRENT SERVICES Planning Permits - Subdivisions 526,260.00 382,215.89 (144,044.11) 72.63% Building Plan - Recording Fees 24,750.00 30,941.43 6,191.43 125.02% Plan Check Fees 801,850.00 898,032.36 96,182.36 112.00% Engineering Land Development Fees 200,000.00 - (200,000.00) 0.00% Technology Surcharge 256,070.00 172,983.67 (83,086.33) 67.55% Cannabis App/Permit Fees 487,540.00 859,250.50 371,710.50 176.24% Sale of Publications/Maps 50.00 - (50.00) 0.00% Animal Shelter Fees 6,000.00 5,387.50 (612.50) 89.79% Inspection Fees 3,100.00 2,586.00 (514.00) 83.42% Fingerprint Fees 10,000.00 6,985.00 (3,015.00) 69.85% Fire Permits & Fees 290,000.00 168,451.00 (121,549.00) 58.09% DUI Emergency Response 73,000.00 117,010.79 44,010.79 160.29% Swimming Pool Receipts 179,480.00 96,512.68 (82,967.32) 53.77% RAC Swim Shop/Rental 39,000.00 25,057.23 (13,942.77) 64.25% RAC Admission 126,160.00 147,705.80 21,545.80 117.08% RAC Swim Team 12,620.00 6,809.78 (5,810.22) 53.96% Swimming Pool Concessions 63,080.00 59,507.05 (3,572.95) 94.34% Other Charges and Fees 628,510.00 2,607,377.46 1,978,867.46 414.85% Recreation Sports 77,170.00 607,069.07 529,899.07 786.66% Investment Bank/Charge Holding Account - - - * Special Assessment District - - - * Other Fees and Charges - (200.00) (200.00) * Bad Debt Write-Off (97,300.00) (2,051,405.85) (1,954,105.85) 2108.33% Uncollectible Accounts Write-Off - Grants - - - * TOTAL CHARGES FOR CURRENT SERVICES 3,707,340.00 4,142,277.36 434,937.36 111.73% REVENUE FROM THE USE OF MONEY & PROPERTY Property Rentals 606,840.00 573,714.11 (33,125.89) 94.54% SHASCOM Rent 1,760.00 - (1,760.00) 0.00% Investment Income 125,210.00 133,450.21 8,240.21 106.58% Fiscal Agent Investment Income - 5.48 5.48 * TOTAL REVENUE - USE OF MONEY & PROPERTY 733,810.00 707,169.80 (26,640.20) 96.37% TOTAL GENERAL FUND 108,869,680.00 105,203,640.68 (3,666,039.32) 96.63% Year End Budget Report Section Three Actual Expenditures Compared to Cash Flow Estimates YTD Projection Actual Over (Under)Percentage 1001-City Council 239,070.00 222,625.92 (16,444.08) 93.12% 1011-City Manager 1,118,730.00 1,105,338.63 (13,391.37) 98.80% 1021-City Clerk 1,224,970.00 1,009,372.88 (215,597.12) 82.40% 1031-City Attorney 840,020.00 503,657.15 (336,362.85) 59.96% 1041-City Treasurer 844,020.00 679,396.19 (164,623.81) 80.50% 1045-Finance 1,988,930.00 1,946,078.27 (42,851.73) 97.85% 1048-Purchasing 671,050.00 505,411.34 (165,638.66) 75.32% 1051-Personnel 911,170.00 754,818.48 (156,351.52) 82.84% 1061-Animal Regulation 1,008,860.00 980,666.17 (28,193.83) 97.21% 1091-General Fund Debt Service 1,965,700.00 1,961,655.61 (4,044.39) 99.79% 1099-Non-Departmental 2,108,320.00 2,359,788.16 251,468.16 111.93% 1101-Permit Center 771,030.00 754,374.89 (16,655.11) 97.84% 1111-Building Department 2,567,400.00 2,309,746.59 (257,653.41) 89.96% 1121-Planning 2,359,740.00 2,351,942.86 (7,797.14) 99.67% 1131-Code Enforcement 724,340.00 625,342.90 (98,997.10) 86.33% 1191-Subdivision & Land Planning 46,000.00 30,534.68 (15,465.32) 66.38% 1401-Police - Administration 4,827,560.00 4,806,470.31 (21,089.69) 99.56% 1402-Police - Field Operations 32,741,110.00 31,912,579.57 (828,530.43) 97.47% 1403-Police - Investigations 6,210,520.00 6,205,555.20 (4,964.80) 99.92% 1404-Police - Services Division 4,498,720.00 4,486,375.38 (12,344.62) 99.73% 1501-Fire - Administration 2,291,080.00 2,285,615.81 (5,464.19) 99.76% 1502-Fire - Suppression 28,122,370.00 28,321,827.36 199,457.36 100.71% 1503-Fire - Prevention 2,076,940.00 2,132,118.44 55,178.44 102.66% 1601-Public Works - Engineering 1,696,160.00 1,761,937.72 65,777.72 103.88% 1611-Engineering and Design 200,000.00 637,240.88 437,240.88 318.62% 1621-Streets - General and Administrative 5,553,930.00 5,366,205.78 (187,724.22) 96.62% 1631-Streets - Capital 13,888,680.00 4,160,929.66 (9,727,750.34) 29.96% 1701-Community Services Administration 1,146,790.00 720,958.71 (425,831.29) 62.87% 1711-Parks 4,783,290.00 4,609,516.52 (173,773.48) 96.37% 1721-Recreation Programs 2,697,590.00 2,466,591.47 (230,998.53) 91.44% 1725-Aquatic Center 394,650.00 389,392.37 (5,257.63) 98.67% 1726-Redding Sports Complex 419,170.00 348,592.71 (70,577.29) 83.16% 1750-Midtown Mall 12,540.00 10,515.57 (2,024.43) 83.86% 1999-Transportation & RABA Support 640.00 0.00 (640.00) 0.00% Total 130,951,090.00 118,723,174.18 (12,227,915.82) 90.66% Actual Expenditures Compared to Budget Cash Flow Estimates City of Redding - General Fund June 2025 *Actual Includes Payments on Previous Year Obligations/Encumbrances. Encumbrances are reductions to 10-Year Plan Beginning Cash from the Audited Cash Figure. Year End Budget Report Section Four Actual Expenditures Compared to Budget YTD Projection Actual Encumbrances & Commitments Total Consumption Unencumbered Balance % Consumed 1001-City Council 239,070.00 222,625.92 (170.00) 222,455.92 16,614.08 93.05% 1011-City Manager 1,118,730.00 1,105,338.63 0.00 1,105,338.63 13,391.37 98.80% 1021-City Clerk 1,224,970.00 1,009,372.88 (162.42) 1,009,210.46 215,759.54 82.39% 1031-City Attorney 840,020.00 503,657.15 0.00 503,657.15 336,362.85 59.96% 1041-City Treasurer 844,020.00 679,396.19 15.68 679,411.87 164,608.13 80.50% 1045-Finance 1,988,930.00 1,946,078.27 (0.00) 1,946,078.27 42,851.73 97.85% 1048-Purchasing 671,050.00 505,411.34 0.00 505,411.34 165,638.66 75.32% 1051-Personnel 911,170.00 754,818.48 37.57 754,856.05 156,313.95 82.84% 1061-Animal Regulation 1,008,860.00 980,666.17 0.00 980,666.17 28,193.83 97.21% 1091-General Fund Debt Service 1,965,700.00 1,961,655.61 0.00 1,961,655.61 4,044.39 99.79% 1099-Non-Departmental 2,108,320.00 2,359,788.16 (251,932.39) 2,107,855.77 464.23 99.98% 1101-Permit Center 771,030.00 754,374.89 0.00 754,374.89 16,655.11 97.84% 1111-Building Department 2,567,400.00 2,309,746.59 4,489.62 2,314,236.21 253,163.79 90.14% 1121-Planning 2,359,740.00 2,351,942.86 (23,967.92) 2,327,974.94 31,765.06 98.65% 1131-Code Enforcement 724,340.00 625,342.90 0.00 625,342.90 98,997.10 86.33% 1191-Subdivision & Land Planning 46,000.00 30,534.68 1,419.67 31,954.35 14,045.65 69.47% 1401-Police - Administration 4,827,560.00 4,806,470.31 (29,700.78) 4,776,769.53 50,790.47 98.95% 1402-Police - Field Operations 32,741,110.00 31,912,579.57 (67,109.15) 31,845,470.42 895,639.58 97.26% 1403-Police - Investigations 6,210,520.00 6,205,555.20 (4,841.54) 6,200,713.66 9,806.34 99.84% 1404-Police - Services Division 4,498,720.00 4,486,375.38 193.75 4,486,569.13 12,150.87 99.73% 1501-Fire - Administration 2,291,080.00 2,285,615.81 68.24 2,285,684.05 5,395.95 99.76% 1502-Fire - Suppression 28,122,370.00 28,321,827.36 (583,337.00) 27,738,490.36 383,879.64 98.63% 1503-Fire - Prevention 2,076,940.00 2,132,118.44 (63,661.65) 2,068,456.79 8,483.21 99.59% 1601-Public Works - Engineering 1,696,160.00 1,761,937.72 211,997.01 1,973,934.73 (277,774.73) 116.38% 1611-Engineering and Design 200,000.00 637,240.88 0.00 637,240.88 (437,240.88) 318.62% 1621-Streets - General and Administrative 5,553,930.00 5,366,205.78 10,082.52 5,376,288.30 177,641.70 96.80% 1631-Streets - Capital 13,888,680.00 4,160,929.66 1,340,957.80 5,501,887.46 8,386,792.54 39.61% 1701-Community Services Administration 1,146,790.00 720,958.71 (269.63) 720,689.08 426,100.92 62.84% 1711-Parks 4,783,290.00 4,609,516.52 (321,367.70) 4,288,148.82 495,141.18 89.65% 1721-Recreation Programs 2,697,590.00 2,466,591.47 (19,391.02) 2,447,200.45 250,389.55 90.72% 1725-Aquatic Center 394,650.00 389,392.37 32.86 389,425.23 5,224.77 98.68% 1726-Redding Sports Complex 419,170.00 348,592.71 0.00 348,592.71 70,577.29 83.16% 1750-Midtown Mall 12,540.00 10,515.57 0.00 10,515.57 2,024.43 83.86% 1999-Transportation & RABA Support 640.00 0.00 0.00 0.00 640.00 0.00% Total 130,951,090.00 118,723,174.18 203,383.52 118,926,557.70 12,024,532.30 90.82% Actual Expenditures Compared to Budget Year to Date City of Redding - General Fund June 2025 Year End Budget Report Section Five Carryover Fiscal Year 2024 to Fiscal Year 2025 Carryovers 1001-City Council - 1011-City Manager - 1021-City Clerk - 1031-City Attorney - 1041-City Treasurer - 1045-Finance - 1048-Purchasing 1,240.00 1051-Personnel - 1061-Animal Regulation - 1091-General Fund Debt Service - 1099-Non-Departmental 996,420.00 1101-Permit Center 8,300.00 1111-Building Department 50,060.00 1121-Planning 70,360.00 1131-Code Enforcement 36,650.00 1191-Subdivision & Land Planning - 1401-Police - Administration - 1402-Police - Field Operations 2,910,900.00 1403-Police - Investigations 34,200.00 1404-Police - Services Division - 1501-Fire - Administration - 1502-Fire - Suppression 878,470.00 1503-Fire - Prevention - 1601-Public Works - Engineering 147,000.00 1611-Engineering and Design - 1621-Streets - General and Administrative - 1631-Streets - Capital 500,070.00 1701-Community Services Administration - 1711-Parks 689,640.00 1721-Recreation Programs 14,030.00 1725-Aquatic Center - 1726-Redding Sports Complex - 1750-Midtown Mall - 1999-Transportation & RABA Support - Total 6,337,340.00 Carryovers City of Redding - General Fund FY 2024 to FY 2025 GENERAL FUND TEN YEAR PLAN Updated September 2025 Amended Amended 23-24 24-25 2025-26 2026-27 2027-28 2028-29 Beginning Cash Balance 21,000 13,307 6,807 1,968 (1,762) (6,189) Revenues 97,238 99,343 101,824 103,567 106,657 109,838 Net Transfers 7,237 7,483 8,008 8,448 8,701 8,962 Total Revenues 104,474 106,826 109,832 112,015 115,358 118,800 Personnel Costs (75,070) (80,749) (83,649) (84,435) (87,552) (90,105) Operating Costs (29,900) (25,239) (23,099) (23,814) (24,551) (25,311) Capital Outlay (7,107) (7,438) (7,661) (7,891) (8,127) (8,371) Debt Service (2,118) (1,957) (1,965) (1,318) (1,314) (1,313) Savings 2,028 2,057 1,703 1,712 1,758 1,806 Net Expenditures (112,167) (113,326) (114,671) (115,745) (119,786) (123,295) Ending Cash Balance 13,307 6,807 1,968 (1,762) (6,189) (10,685) Projections toward Council Objectives Ending Cash as Percentage of Expenditures 11.9% 6.0% 1.7% -1.5% -5.2% -8.7% Projected Personnel Percentage 65.7% 70.0% 71.9% 71.9% 72.0% 72.0% Fiscal Year City of Redding General Fund Ten Year Plan (in thousands) Updated September 10, 2025 Fiscal Year Ending 2024 & 2025 2029-30 2030-31 2031-32 2032-33 2033-34 Projected Cash Balance (10,685) (14,980) (18,503) (20,470) (21,444) Projected Revenues 113,118 116,506 120,008 123,637 127,391 Projected Net Transfers 9,231 9,508 9,793 10,087 10,390 Total Projected Revenues 122,350 126,014 129,801 133,724 137,781 Projected Personnel Costs (92,476) (94,356) (95,542) (97,393) (98,819) Projected Operating Costs (26,094) (26,902) (27,734) (28,592) (29,476) Projected Operating Costs (8,622) (8,881) (9,147) (9,422) (9,704) Projected Debt Service (1,310) (1,309) (1,311) (1,315) (1,132) Projected Savings 1,858 1,911 1,966 2,023 2,081 Net Projected Expenditures (126,645) (129,536) (131,768) (134,698) (137,050) Projected Ending Cash (14,980) (18,503) (20,470) (21,444) (20,713) Projections toward Council Objectives Ending Cash as Percentage of Expenditures -11.8% -14.3% -15.5% -15.9% -15.1% Projected Personnel Percentage 72.0% 71.8% 71.4% 71.2% 71.0% Fiscal Year City of Redding General Fund Ten Year Plan (in thousands) Updated September 10, 2025 Fiscal Year Ending 2024 & 2025 Amended Amended 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 Sales Tax 30,753 31,522 32,310 33,118 33,946 34,795 Property Tax 28,392 29,244 30,121 31,025 31,956 32,914 TOT 7,210 7,498 7,798 8,110 8,434 8,772 Cannabis Tax 1,630 1,671 1,738 1,807 1,880 1,955 Other Taxes 2,610 2,610 2,714 2,823 2,936 3,053 Licenses & Permits 2,391 2,969 3,088 3,212 3,340 3,474 Fines & Penalties 542 542 563 586 609 633 Other Government 2,625 2,729 2,360 1,153 1,188 1,223 Redding Rancheria 124 127 131 135 139 143 Internal Departments 14,248 13,675 14,086 14,508 14,943 15,392 Service Charges 3,436 3,606 3,750 3,900 4,056 4,219 Other Revenue 2,409 2,416 2,488 2,563 2,640 2,719 Use of Money & Property 742 609 609 609 609 609 Interest 125 125 68 20 (18) (62) Subtotal 97,238 99,343 101,824 103,567 106,657 109,838 Transfers In: Gas Taxes 10,675 10,573 10,891 11,217 11,554 11,901 Debt Service - - - - - - Other Transfers In 523 523 538 554 571 588 Total Transfers In 11,197 11,096 11,429 11,772 12,125 12,489 Transfers Out: CVB & Convention Center (1,033) (1,035) (1,066) (1,098) (1,131) (1,165) Parking - - - - - - Library (994) (1,024) (1,055) (1,086) (1,119) (1,153) Rolling Stock (1,005) (1,080) (812) (637) (656) (676) Other Equipment (395) (395) (407) (419) (432) (445) Internal Advances - 232 239 246 254 261 Other Transfers Out (533) (311) (320) (330) (340) (350) Total Transfers Out (3,960) (3,613) (3,421) (3,324) (3,424) (3,526) Net Transfers 7,237 7,483 8,008 8,448 8,701 8,962 Total Revenues 104,474 106,826 109,832 112,015 115,358 118,800 Revenue Assumptions Sales Tax 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% Property Tax 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% Fee Revenues Projected Projected 3.0% 3.0% 3.0% 3.0% Other Government Projected Projected 3.0% 3.0% 3.0% 3.0% Other Revenue Projected Projected 3.0% 3.0% 3.0% 3.0% Internal Departments Projected Projected 3.0% 3.0% 3.0% 3.0% All Revenues (Not specific) Projected Projected 4.0% 4.0% 4.0% 4.0% Interest (Percent of Cash) 2.0% 2.0% 1.0% 1.0% 1.0% 1.0% Fiscal Year Ended Revenues City of Redding General Fund Ten Year Plan (in thousands) Fiscal Year Ending 2024 & 2025 2029-30 2030-31 2031-32 2032-33 2033-34 Sales Tax 35,664 36,556 37,470 38,407 39,367 Property Tax 33,902 34,919 35,966 37,045 38,157 TOT 9,122 9,487 9,867 10,262 10,672 Cannabis Tax 2,033 2,114 2,199 2,287 2,378 Other Taxes 3,175 3,302 3,435 3,572 3,715 Licenses & Permits 3,613 3,757 3,907 4,064 4,226 Fines & Penalties 659 685 713 741 771 Other Government 1,260 1,298 1,337 1,377 1,418 Redding Rancheria 147 151 156 161 165 Internal Departments 15,854 16,329 16,819 17,324 17,843 Service Charges 4,387 4,563 4,745 4,935 5,133 Other Revenue 2,800 2,884 2,971 3,060 3,152 Use of Money & Property 609 609 609 609 609 Interest (107) (150) (185) (205) (214) Subtotal 113,118 116,506 120,008 123,637 127,391 Transfers In: Gas Taxes 12,258 12,625 13,004 13,394 13,796 Debt Service - - - - - Other Transfers In 606 624 643 662 682 Total Transfers In 12,863 13,249 13,647 14,056 14,478 Transfers Out: CVB & Convention Center (1,200) (1,236) (1,273) (1,311) (1,350) Parking - - - - - Library (1,187) (1,223) (1,259) (1,297) (1,336) Rolling Stock (696) (717) (738) (760) (783) Other Equipment (458) (472) (486) (500) (515) Internal Advances 269 277 285 294 303 Other Transfers Out (361) (371) (383) (394) (406) Total Transfers Out (3,632) (3,741) (3,853) (3,969) (4,088) Net Transfers 9,231 9,508 9,793 10,087 10,390 Total Revenues 122,350 126,014 129,801 133,724 137,781 Revenue Assumptions Sales Tax 2.5% 2.5% 2.5% 2.5% 2.5% Property Tax 3.0% 3.0% 3.0% 3.0% 3.0% Fee Revenues 3.0% 3.0% 3.0% 3.0% 3.0% Other Government 3.0% 3.0% 3.0% 3.0% 3.0% Other Revenue 3.0% 3.0% 3.0% 3.0% 3.0% Internal Departments 3.0% 3.0% 3.0% 3.0% 3.0% All Revenues (Not specific) 4.0% 4.0% 4.0% 4.0% 4.0% Interest (Percent of Cash) 1.0% 1.0% 1.0% 1.0% 1.0% Fiscal Year Ended City of Redding General Fund Ten Year Plan (in thousands) Revenues Fiscal Year Ending 2024 & 2025 Amended Amended 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 Safety UAL Payments 13,838 14,479 15,713 16,053 Misc UAL Payments 4,425 4,725 4,947 5,432 PARS UAL Payments 96 96 96 96 Police Personnel 33,493 35,422 30,867 30,563 31,337 32,148 Operating 8,889 8,643 8,902 9,169 9,444 9,728 Capital Outlay/Project 182 72 74 76 78 80 Subtotal 42,563 44,136 39,843 39,808 40,859 41,956 Fire Personnel 21,234 22,777 20,798 20,591 21,108 21,652 Operating 8,898 5,769 5,942 6,120 6,304 6,493 Capital Outlay/Project - 45 46 48 49 51 Subtotal 30,132 28,591 26,787 26,759 27,461 28,196 Transportation & Engineering Personnel 3,630 3,023 709 720 732 743 Operating 4,275 4,203 4,329 4,459 4,593 4,731 Capital Outlay/Project 6,621 7,058 7,270 7,488 7,713 7,944 Subtotal 14,526 14,284 12,309 12,668 13,037 13,418 Parks & Recreation Personnel 4,885 4,958 4,122 4,235 4,353 4,472 Operating 3,146 3,242 3,540 3,646 3,755 3,868 Capital Outlay/Project 135 94 96 99 102 105 Subtotal 8,166 8,293 7,758 7,980 8,210 8,445 Development Services Personnel 5,153 5,092 3,710 3,808 3,911 4,014 Operating 1,155 1,184 1,220 1,257 1,294 1,333 Capital Outlay/Project - - - - - - Subtotal 6,308 6,276 4,930 5,064 5,205 5,347 General Government & Other Personnel 6,675 6,603 5,084 5,217 5,355 5,495 Operating 3,537 3,510 3,615 3,723 3,835 3,950 Capital Outlay/Project 169 169 174 180 185 191 Debt Service 2,118 1,957 1,965 1,318 1,314 1,313 Subtotal 12,500 12,239 10,839 10,438 10,689 10,949 Add Back Personnel - 2,875 - - - - Add Back O&M - (1,312) (4,449) (4,560) (4,674) (4,791) - - Projected Savings (2,028) (2,057) (1,703) (1,712) (1,758) (1,806) Total Expenditures 112,167 113,326 114,671 115,745 119,786 123,295 Expenditure Assumptions Personnel - Wages Budget Budget 2.75% 2.75% 2.75% 2.75% O&M & Capital Outlay Budget Budget 3.0% 3.0% 3.0% 3.0% Debt Actual Actual Actual Actual Actual Actual Assumed Expense Savings 0.020 2.0% 2.0% 2.0% 2.0% 2.0% City of Redding General Fund Ten Year Plan (in thousands) Expenditures Fiscal Year Ending 2024 & 2025 Fiscal Year Ended Required Revenue or Expenditure Adjustments 2029-30 2030-31 2031-32 2032-33 2033-34 Safety UAL Payments 16,403 16,193 15,525 15,309 14,884 Misc UAL Payments 5,545 5,661 5,498 5,479 5,195 PARS UAL Payments 96 96 96 96 96 Police Personnel 33,042 33,964 34,909 35,883 36,882 Operating 10,020 10,320 10,630 10,949 11,277 Capital Outlay/Project 83 85 88 91 93 Subtotal 43,145 44,369 45,627 46,922 48,253 Fire Personnel 22,255 22,875 23,512 24,167 24,840 Operating 6,688 6,888 7,095 7,308 7,527 Capital Outlay/Project 52 54 55 57 59 Subtotal 28,995 29,817 30,663 31,532 32,426 Transportation & Engineering Personnel 762 787 809 835 858 Operating 4,872 5,019 5,169 5,324 5,484 Capital Outlay/Project 8,182 8,428 8,681 8,941 9,209 Subtotal 13,817 14,234 14,658 15,100 15,552 Parks & Recreation Personnel 4,600 4,733 4,869 5,009 5,153 Operating 3,984 4,103 4,226 4,353 4,484 Capital Outlay/Project 108 112 115 118 122 Subtotal 8,692 8,948 9,210 9,481 9,759 Development Services Personnel 4,126 4,242 4,360 4,482 4,607 Operating 1,373 1,414 1,457 1,500 1,545 Capital Outlay/Project - - - - - Subtotal 5,499 5,656 5,816 5,982 6,153 General Government & Other Personnel 5,646 5,805 5,965 6,133 6,303 Operating 4,069 4,191 4,316 4,446 4,579 Capital Outlay/Project 196 202 208 215 221 Debt Service 1,310 1,309 1,311 1,315 1,132 Subtotal 11,221 11,507 11,801 12,108 12,235 Add Back Personnel Add Back O&M (4,911) (5,034) (5,159) (5,288) (5,421) - - - - - Projected Savings (1,858) (1,911) (1,966) (2,023) (2,081) Total Expenditures 126,645 129,536 131,768 134,698 137,050 Expenditure Assumptions Personnel - Wages 2.75% 2.75% 2.75% 2.75% 2.75% O&M & Capital Outlay 3.0% 3.0% 3.0% 3.0% 3.0% Debt Actual Actual Actual Actual Actual Assumed Expense Savings 2.0% 2.0% 2.0% 2.0% 2.0% City of Redding General Fund Ten Year Plan (in thousands) Expenditures Fiscal Year Ending 2024 & 2025 Fiscal Year Ended Required Revenue or Expenditure Adjustments Adopted Adopted 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 Beginning Cash Balance 9,000 11,558 12,425 12,492 12,191 11,983 Revenues 102,823 104,999 107,344 110,600 113,954 117,416 Net Transfers 7,591 7,680 7,464 7,687 7,918 8,156 Total Revenues 110,413 112,679 114,807 118,287 121,872 125,571 Personnel Costs (76,088) (80,236) (81,840) (84,736) (87,249) (89,494) Operating Costs (25,349) (26,201) (26,987) (27,796) (28,630) (29,489) Capital Outlay (6,408) (6,104) (6,287) (6,476) (6,670) (6,870) Debt Service (1,965) (1,318) (1,314) (1,313) (1,310) (1,309) Savings 1,955 2,048 1,687 1,733 1,780 1,830 Net Expenditures (107,856) (111,811) (114,741) (118,588) (122,080) (125,332) Ending Cash Balance 11,558 12,425 12,492 12,191 11,983 12,222 Projections toward Council Objectives Ending Cash as Percentage of Expenditures 10.7% 11.1% 10.9% 10.3% 9.8% 9.8% Projected Personnel Percentage 69.3% 70.5% 70.3% 70.4% 70.4% 70.4% Fiscal Year City of Redding General Fund Ten Year Plan (in thousands) Adopted June 17, 2025 Fiscal Year Ending 2026 & 2027 2031-32 2032-33 2033-34 2034-35 2035-36 Projected Cash Balance 12,222 12,915 13,332 13,758 14,120 Projected Revenues 120,991 124,683 128,490 132,416 136,467 Projected Net Transfers 8,400 8,652 8,912 9,179 9,455 Total Projected Revenues 129,391 133,336 137,402 141,596 145,922 Projected Personnel Costs (91,280) (93,007) (94,282) (95,805) (97,365) Projected Operating Costs (30,924) (33,285) (36,123) (38,890) (41,386) Projected Operating Costs (7,076) (7,289) (7,507) (7,732) (7,964) Projected Debt Service (1,311) (1,315) (1,132) (966) (963) Projected Savings 1,893 1,975 2,069 2,161 2,250 Net Projected Expenditures (128,698) (132,919) (136,976) (141,233) (145,429) Projected Ending Cash 12,915 13,332 13,758 14,120 14,613 Projections toward Council Objectives Ending Cash as Percentage of Expenditures 10.0% 10.0% 10.0% 10.0% 10.0% Projected Personnel Percentage 69.9% 68.9% 67.8% 66.8% 65.9% Fiscal Year City of Redding General Fund Ten Year Plan (in thousands) Adopted June 17, 2025 Fiscal Year Ending 2026 & 2027 Adopted Adopted 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 Sales Tax 31,368 31,995 32,795 33,615 34,455 35,317 Property Tax 30,560 31,500 32,445 33,419 34,421 35,454 TOT 7,570 7,873 8,188 8,515 8,856 9,210 Cannabis Tax 1,939 2,016 2,097 2,180 2,268 2,358 Other Taxes 2,750 2,750 2,860 2,974 3,093 3,217 Licenses & Permits 2,695 2,823 2,936 3,053 3,175 3,302 Fines & Penalties 791 811 844 878 913 949 Other Government 3,364 2,175 1,381 1,422 1,465 1,509 Redding Rancheria 129 132 136 140 144 149 Internal Departments 13,319 14,457 14,891 15,338 15,798 16,272 Service Charges 5,179 5,299 5,511 5,731 5,960 6,199 Other Revenue 2,332 2,338 2,408 2,480 2,555 2,631 Use of Money & Property 725 729 729 729 729 729 Interest 100 100 124 125 122 120 Subtotal 102,823 104,999 107,344 110,600 113,954 117,416 Transfers In: Gas Taxes 10,086 10,151 10,455 10,769 11,092 11,425 Debt Service - - - - - - Other Transfers In 523 523 538 554 571 588 Total Transfers In 10,609 10,673 10,994 11,323 11,663 12,013 Transfers Out: CVB & Convention Center (750) (756) (779) (802) (826) (851) Parking (38) - - - - - Library (1,055) (1,086) (1,119) (1,153) (1,187) (1,223) Rolling Stock (885) (840) (865) (891) (918) (945) Other Equipment (218) (239) (246) (253) (261) (268) Internal Advances - - - - - - Other Transfers Out (72) (72) (521) (537) (553) (569) Total Transfers Out (3,018) (2,993) (3,530) (3,636) (3,745) (3,857) Net Transfers 7,591 7,680 7,464 7,687 7,918 8,156 Total Revenues 110,413 112,679 114,807 118,287 121,872 125,571 Revenue Assumptions Sales Tax 2.0% 2.0% 2.5% 2.5% 2.5% 2.5% Property Tax 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% Fee Revenues Projected Projected 3.0% 3.0% 3.0% 3.0% Other Government Projected Projected 3.0% 3.0% 3.0% 3.0% Other Revenue Projected Projected 3.0% 3.0% 3.0% 3.0% Internal Departments Projected Projected 3.0% 3.0% 3.0% 3.0% All Revenues (Not specific) Projected Projected 4.0% 4.0% 4.0% 4.0% Interest (Percent of Cash) 2.0% 2.0% 1.0% 1.0% 1.0% 1.0% Fiscal Year Ended Revenues City of Redding General Fund Ten Year Plan (in thousands) Fiscal Year Ending 2026 & 2027 2031-32 2032-33 2033-34 2034-35 2035-36 Sales Tax 36,199 37,104 38,032 38,983 39,957 Property Tax 36,518 37,613 38,741 39,904 41,101 TOT 9,579 9,962 10,360 10,775 11,206 Cannabis Tax 2,453 2,551 2,653 2,759 2,869 Other Taxes 3,346 3,480 3,619 3,764 3,914 Licenses & Permits 3,434 3,572 3,714 3,863 4,018 Fines & Penalties 987 1,027 1,068 1,111 1,155 Other Government 1,554 1,601 1,649 1,698 1,749 Redding Rancheria 153 158 162 167 172 Internal Departments 16,760 17,263 17,781 18,314 18,864 Service Charges 6,447 6,705 6,973 7,252 7,542 Other Revenue 2,710 2,791 2,875 2,961 3,050 Use of Money & Property 729 729 729 729 729 Interest 122 129 133 138 141 Subtotal 120,991 124,683 128,490 132,416 136,467 Transfers In: Gas Taxes 11,768 12,121 12,484 12,859 13,245 Debt Service - - - - - Other Transfers In 606 624 643 662 682 Total Transfers In 12,373 12,745 13,127 13,521 13,926 Transfers Out: CVB & Convention Center (877) (903) (930) (958) (987) Parking - - - - - Library (1,259) (1,297) (1,336) (1,376) (1,418) Rolling Stock (974) (1,003) (1,033) (1,064) (1,096) Other Equipment (276) (285) (293) (302) (311) Internal Advances - - - - - Other Transfers Out (587) (604) (622) (641) (660) Total Transfers Out (3,973) (4,092) (4,215) (4,341) (4,472) Net Transfers 8,400 8,652 8,912 9,179 9,455 Total Revenues 129,391 133,336 137,402 141,596 145,922 Revenue Assumptions Sales Tax 2.5% 2.5% 2.5% 2.5% 2.5% Property Tax 3.0% 3.0% 3.0% 3.0% 3.0% Fee Revenues 3.0% 3.0% 3.0% 3.0% 3.0% Other Government 3.0% 3.0% 3.0% 3.0% 3.0% Other Revenue 3.0% 3.0% 3.0% 3.0% 3.0% Internal Departments 3.0% 3.0% 3.0% 3.0% 3.0% All Revenues (Not specific) 4.0% 4.0% 4.0% 4.0% 4.0% Interest (Percent of Cash) 1.0% 1.0% 1.0% 1.0% 1.0% Fiscal Year Ended City of Redding General Fund Ten Year Plan (in thousands) Revenues Fiscal Year Ending 2026 & 2027 Adopted Adopted 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 Safety UAL Payments 14,973 16,253 16,638 16,988 Misc UAL Payments 5,325 5,325 5,827 5,958 PARS UAL Payments - - - - Police Personnel 34,556 36,867 28,611 29,355 30,113 30,896 Operating 7,347 7,696 7,927 8,165 8,410 8,662 Capital Outlay/Project 372 274 282 291 300 309 Subtotal 42,276 44,837 36,820 37,811 38,822 39,866 Fire Personnel 23,238 24,244 18,093 18,560 19,038 19,593 Operating 4,916 5,121 5,274 5,433 5,596 5,764 Capital Outlay/Project - - - - - - Subtotal 28,155 29,365 23,367 23,992 24,634 25,356 Transportation & Engineering Personnel 2,487 2,619 1,411 1,448 1,474 1,511 Operating 4,913 5,014 5,164 5,319 5,479 5,643 Capital Outlay/Project 5,750 5,710 5,881 6,058 6,239 6,427 Subtotal 13,150 13,342 12,457 12,824 13,192 13,581 Parks & Recreation Personnel 4,887 5,059 3,871 3,980 4,088 4,204 Operating 3,500 3,607 3,715 3,827 3,942 4,060 Capital Outlay/Project 286 120 124 127 131 135 Subtotal 8,673 8,786 7,709 7,934 8,161 8,399 Development Services Personnel 5,148 5,367 4,471 4,592 4,713 4,842 Operating 1,343 1,418 1,461 1,505 1,550 1,596 Capital Outlay/Project - - - - - - Subtotal 6,491 6,785 5,931 6,097 6,263 6,438 General Government & Other Personnel 5,771 6,080 5,086 5,224 5,358 5,503 Operating 3,330 3,345 3,445 3,548 3,655 3,764 Capital Outlay/Project - - - - - - Debt Service 1,965 1,318 1,314 1,313 1,310 1,309 Subtotal 11,066 10,743 9,845 10,085 10,323 10,576 Add Back Personnel - - - - - - Add Back O&M - - - - Projected Savings (1,955) (2,048) (1,687) (1,733) (1,780) (1,830) Total Expenditures 107,856 111,811 114,741 118,588 122,080 125,332 Expenditure Assumptions Personnel - Wages Budget Budget 2.75% 2.75% 2.75% 2.75% O&M & Capital Outlay Budget Budget 3.0% 3.0% 3.0% 3.0% Debt Actual Actual Actual Actual Actual Actual Assumed Expense Savings 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% Fiscal Year Ending 2026 & 2027 Fiscal Year Ended City of Redding General Fund Ten Year Plan (in thousands) Expenditures 2031-32 2032-33 2033-34 2034-35 2035-36 Safety UAL Payments 16,802 16,778 16,109 15,893 15,469 Misc UAL Payments 6,074 5,910 5,892 5,608 5,517 PARS UAL Payments - - - - - Police Personnel 31,754 32,638 33,546 34,480 35,438 Operating 8,922 9,190 9,465 9,749 10,042 Capital Outlay/Project 318 327 337 347 358 Subtotal 40,994 42,155 43,348 44,576 45,838 Fire Personnel 20,138 20,698 21,274 21,866 22,474 Operating 5,936 6,115 6,298 6,487 6,682 Capital Outlay/Project - - - - - Subtotal 26,074 26,812 27,572 28,353 29,156 Transportation & Engineering Personnel 1,553 1,600 1,646 1,695 1,744 Operating 5,812 5,987 6,166 6,351 6,542 Capital Outlay/Project 6,619 6,818 7,023 7,233 7,450 Subtotal 13,985 14,405 14,835 15,280 15,736 Parks & Recreation Personnel 4,326 4,453 4,582 4,716 4,854 Operating 4,182 4,307 4,436 4,569 4,706 Capital Outlay/Project 139 143 148 152 157 Subtotal 8,647 8,903 9,166 9,438 9,717 Development Services Personnel 4,976 5,116 5,258 5,405 5,556 Operating 1,644 1,693 1,744 1,796 1,850 Capital Outlay/Project - - - - - Subtotal 6,621 6,809 7,002 7,202 7,406 General Government & Other Personnel 5,655 5,814 5,975 6,142 6,313 Operating 3,877 3,994 4,113 4,237 4,364 Capital Outlay/Project - - - - - Debt Service 1,311 1,315 1,132 966 963 Subtotal 10,843 11,122 11,220 11,345 11,640 Add Back Personnel Add Back O&M 550 2,000 3,900 5,700 7,200 Projected Savings (1,893) (1,975) (2,069) (2,161) (2,250) Total Expenditures 128,698 132,919 136,976 141,233 145,429 Expenditure Assumptions Personnel - Wages 2.75% 2.75% 2.75% 2.75% 2.75% O&M & Capital Outlay 3.0% 3.0% 3.0% 3.0% 3.0% Debt Actual Actual Actual Actual Actual Assumed Expense Savings 2.0% 2.0% 2.0% 2.0% 2.0% Fiscal Year Ending 2026 & 2027 Fiscal Year Ended City of Redding General Fund Ten Year Plan (in thousands) Expenditures Cash Balances by Fund Cash and Investments FY25-Jun Fund Fund Description Ending Balance 101 General Fund $10,272,279.64 102 Grants General Fund $4,628,857.87 103 Capital Projects General Fund $589,727.28 151 Development/Construction Fund $15,419,574.25 152 Development/Construction Grants Fund ($2,088,630.59) 161 General Special Revenue $0.00 165 Asset Seizure Fund $186,307.54 171 Special Gas Tax Street Improvements $5,439,837.12 172 Local Transportation/TDA $6,867,393.49 175 Parking Fund ($237,339.59) 181 Library $1,487,073.52 182 Branch Libraries $776,893.83 191 Housing & Community Development Fund $8,379,752.17 192 Norcal Continuum of Care (CoC)$4,874,113.14 195 Successor Housing Agency Fund $645,073.84 196 Redding Housing Authority ($25,620.90) 201 Airports ($318,156.48) 206 Convention Center $209,360.84 211 Electric Utility Fund $62,021,960.31 221 Water Utility Fund $60,842,716.27 231 Wastewater Utility Fund $46,765,074.58 241 Storm Drain Utility Fund $7,416,012.56 251 Solid Waste Utility Fund $9,277,441.11 255 West Central Landfill $10,716,692.00 291 Redding Area Bus Authority ($350,448.37) 311 Information Technologies $1,228,982.96 315 Geographic Information Services $95,453.11 317 Communications - Radios $317,728.66 321 Electrical Technicians & USA Locates $1,796,053.48 325 Redding Municipal Utilities Administration ($3,186.73) 331 Public Relations, Media, & Communications $220,225.20 335 Building Maintenance $1,540,969.98 341 Records Management ($180,431.98) 345 Reprographics $352,540.02 351 Fleet Maintenance $7,767.76 361 Customer Service $196,000.56 365 Field Service $618,299.56 381 Risk - Liability/Insurance $3,512,331.14 383 Risk - Workers Compensation $3,912,647.47 391 Employer Services $579,401.59 393 Volunteer Services ($79,632.01) 398 Employee Benefits Payroll $2,988,026.35 399 Employee Benefits Insurance $3,270,466.00 401 Special Deposits Fund $5,692,181.75 411 Integrated Public Safety (IPS) Fund $1,048,075.01 421 EAGSA (Enterprise Anderson Groundwater Sustainability Agency)($114,398.29) 431 GASB 45 Trust Fund $41,806.94 441 RORF-CHC Capital Project ($12,288.23) Cash Balances by Fund Cash and Investments FY25-Jun 443 RORF-Market Street Capital ($41.11) 444 RORF-SHASTEC Capital Project $489,811.49 451 Tierra Oaks 1993-1 $291,140.36 453 Teton Drive 1998-1 $40,111.00 501 LMD A #80089 $8,643.81 502 LMD B #80090 ($11,824.20) 503 LMD C #80091 ($207.08) 504 LMD D #80120 $17,854.55 505 LMD E #80118 $9,871.58 506 LMD F #80120 $5,518.99 507 LMD G #80121 $12,342.24 508 LMD H #80135 $35,782.82 509 LMD 1-06 $15,719.95 510 LMD J #80122 $6,723.84 511 LMD K #80136 $3,351.13 512 LMD L #80123 $2,748.06 513 LMD M #80124 $12,927.41 514 LMD N #80125 $7,085.46 515 LMD O #80126 ($3,832.26) 516 LMD P #80127 $4,290.40 517 LMD Q #80128 $11,440.32 518 LMD R #80129 $3,293.86 519 LMD S #80130 $17,853.04 520 LMD T #80131 $5,055.95 521 LMD U #80137 $5,830.74 522 LMD V #80132 $14,821.20 523 LMD 2-06 #80134 $1,327.61 524 LMD 3-06 #80139 $11,259.52 525 LMD 4-06 #80140 $14,707.32 526 LMD W #80133 $4,444.54 527 LMD 5-06 #80141 ($256.74) 528 LMD #1 1992 #80087 $7,380.87 529 LMD 6-06 #80142 $11,339.46 530 LMD 7-06 #80145 $2,106.80 531 LMD 8-06 #80146 $434,497.55 532 LMD 9-06 #80143 $4,811.36 533 LMD 10-06 $0.00 534 LMD 11-06 #80148 $5,254.66 535 LMD 01-07 #80149 $3,073.25 536 SANITARY SEWER MAINT DIST 01-07 #80150 $45,842.67 537 LMD 02-07 #80151 $11,064.34 539 LMD ADMIN FRMLYL 02-09 #Holding Acct ($57,400.55) 540 LMD 03-09 #80156 $181,205.29 541 LMD PLACER WEST 02-09 #80155 $8,332.62 543 LMD RIVER RIDGE #80157 $40,865.89 544 LMD RIVER PARK #80158 $22,107.02 545 LMD RIVER HEIGHTS #80159 $38,380.90 547 LMD LANCER HILLS 02-12 ($120.02) 548 LMD WESTERN HIGHLAND 03-12 ($550.26) Cash Balances by Fund Cash and Investments FY25-Jun 549 LMD COLLEGE HIGHLAND 01-13 #80160 $31,968.46 550 LMD WESTSIDE 02-14 #80163 $49,058.19 551 LMD HIDDEN HILLS 01-15 #80162 $16,847.46 552 LMD BROWNING POINTE 03-14 #80165 ($1,677.78) 553 LMD SHASTAVIEW SW 02-16 #80164 $41,597.29 554 LMD RIVER POINTE 03-16 #80166 $11,705.95 555 LMD SALT CREEK HEIGHTS 01-07 #80167 $140,047.61 556 LMD SEVEN BRIDGES 01-19 #80168 $26,105.38 557 LMD SEVEN BRIDGES SSMD 01-19 #80169 $7,170.27 558 LMD CENTER COURT 02-19 #80170 $24,585.97 559 LMD WYNDHAM POINT #80171 $65,901.50 560 LMD RANCHO RD 07-19 $0.00 561 LMD Luke Estates 01-22 ($169.98) 951 Rolling Stock Fund $9,318,394.42 952 Equipment Replacement Fund $2,631,731.26 953 Technology Replacement Fund $85,231.44 954 Major Maintenance Fund $2,584,669.28 999 Cash Transfer Fund $0.00 Grand Total $297,654,120.10