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Home My WebLink About _ 9.10(a)--General Fund Financial Report for quarter ended September 2025 GI �" Y C� F � � �- ' � ° � � i � CITY OF REDDING �� REPORT TO THE CITY COUNCIL MEETING DATE: November 18, 2025 FROM: Greg Robinett, Director of ITEM NO. 9.10(a) Finance/City Treasurer ***APPROVED BY*** �� ` � i��* c3 a t,I3 � tt�e �^ins�nci,'Catyr`�'ri�sure,r ll,'1�r2�)25 t�S�B c1 �, I1t � ' �C/��/�Q�v,`+ grobinett@cityofredding.org sbade@cityofredding.org SUBJECT: 9.10(a)--Consider the City of Redding General Fund Quarterly Financial Report for the quarter ended Se tember 2025. Recommendation Accept the General Fund Quarterly Financial Report for the quarter ended September 30, 2025. Alternative Action The City Council (Council) could choose to reject the Quarterly Financial Report (Report) and request additional information. Background/Analysis Attached for review and information purposes is the Quarterly Financial Report for the quarter ended September 30, 2025. The report, which only pertains to the City of Redding's (City) General Fund, is divided into four sections. Section One compares revenue received to-date to cash flow projections. Section Two provides the Council with a summary of all General Fund revenues compared to the total revenue forecast for each revenue. Section Three summarizes expenditures by division for the year-to-date thru September compared to cash flow projections. Section Four compares actual expenditures to the budget as amended. Revenue Total revenue to-date is $19,350,739 million, or $3,403,754 (15.0 percent) below staff's cash flow projection. Property Tax revenue year-to-date totals $323,250 or $68,880 (1'7.6 percent) below staff's cash flow projection of $392,130. Based on the reeently completed annual report by the Shasta County Assessor property tax is expected to grow from last fiscal year by approximately 4.4 percent in Redding, whereas 3 percent was the approved growth assumption. From a eash flow basis this number could fluctuate based on payments on the assessment and the timing of the payments. Staff is not recommending any changes at this time to property tax. Report to Redding City Council November 14,2025 Re: 9.10(a)--General Fund Financial Report for quarter ended September 2025 Page 2 Sales tax revenue year-to-date totals $7,425,755 or $819,2'71 (9.9 percent) below staff's cash flow projection of$8,245,026. This is the cash flow number, which includes an estimate from California Department of Tax and Fee Administration (CDTFA) in July and September and the 2nd Quarter of the calendar year true up in August, which covers the economic activity from April to June. Reviewing the data and meeting with the City's vendor, MuniServices, allowed staff to understand that there were some one-time adjustments that negatively impacted the August true up from prior years after completion of some audits by CDTFA. When isolating for the economic activity and comparing to the prior year 2nd Quarter the results would have been flat. Flat would still result in falling short of the two percent growth assumptions. The number above is based on cash flow data and not economic data. This is also impacted by the fact that Fiscal Year (FY) 2025 assumed flat from FY 2024 and FY 2025 ended up $SOOK below FY 2024. All of these are factors driving the negative sales tax perfonnance. Staff is not recommending any changes at this time to projected sales tax revenue, but if this trend continues Council should be prepared to discuss potential changes to the current year and future years Sales Tax. Transient Occupancy Tax revenue year-to-date totals $2,453,745 or $72,335 (3.0 percent) above staff's cash flow projection of $2,381,410. Staff is not recommending a change at this time to Transient Occupancy Tax. Cannabis Tax revenue year-to-date totals $301,002 or $176,398 (37.0 percent) below staff's cash flow projection of$477,400. The tax rate was increased by Council vote in March of 2025 and the first quarter which will incl�ude the increased rate wi11 be reported in October. Cannabis Tax revenue continues to decline after years of steady growth. Staff is not recommending any changes at this time to Cannabis Tax. All other tax revenues year-to-date totals are $487,574 or $74,926 (13.3 percent) below staff's cash flow projection of $562,500. The other tax revenues include franchise fees, business licenses, and real property transfer tax. Staff is not recommending any additional changes at this time to all other tax revenues. Revenues from the Internal Departments year-to-date totals $4,484,375 which is $2,382,446 below staff's cash flow projection of $6,866,821. Revenues from the Internal Departments include �xed reimbursements for the Cost Allocation Plan, Public Works Administration, NDPES, In-lieu payments from Electric, internal transfers, internal advances, and payments on advances. The variances are 1ikely timing in nature and wi11 correct by year end. Gas Tax transfers are included and cover most of the streets budget but will only be transferred to the level of expenditures incurred. Staff is not recommending any changes at this time to Internal Department revenues. Licenses and permit revenues year-to-date totals $630,778 or $43,073 (6.4 percent) below staff's cash flow projection of$6'73,851. Staff is not recommending any changes at this time to licenses and permit revenues. Fines and Penalties revenues year-to-date totals $572,065 which is $374,260 above staff's cash flow projection of $197,805. Staff is not recommending any changes at this time to fines and penalties revenues. Revenues from Other Governmental Ageneies year-to-date totals $1,183,212 which is $309,756 above staff's cash flow projection of$873,456. This is primarily due to the timing of completion Report to Redding City Council November 14,2025 Re: 9.10(a)--General Fund Financial Report for quarter ended September 2025 Page 3 of various capital projects. As a reminder, staff is sti11 waiting to bi11 the SAFER grant thru FEMA and waiting for FEMA staff to update the cities UEI number. The grant receivable at the end of FY 2025 was $2.1 Million and should be received in FY 2026 but is not included as part of the budgeted revenues in FY 2026. Staff is not recommending any changes at this time to all other governmental revenues. Charges for current services year-to-date totals $850,543 which is $444,287 below staff's cash flow projection of$1,294,830. Staff is not recommending any changes at this time to charges for current services. All remaining revenue year-to-date totals $638,440 or$150,824 (19.1 percent)below staff's cash flow projection of $789,264. Staff is not recommending any changes at this time for other revenue projections. Expenditures Expenditures through September 2025 (excluding encumbrances) total $30,952,404 or $863,316 (2.9 percent) above staff's projection. Overtime The City's General Fund budgets for overtime expenditures throughout various City Departments through the quarter ending September 2025 total $2,009,505 or $1,061,158 over staff projections. • Police Overtime is $452,411, or $80,161 above staffprojection; • Fire Overtime is $1,492,906, or $934,308 above staffprojection; • Community Services Overtime is $47,788, or $47,788 above staff projection; • Public Works Overtime is $14,992, or $2,508 below staffprojection; and • All Other Overtime $1,409, or$1,409 above staff projection. Although all of the expenses are over budget, there are no additional budget amendments necessary at this time. Each department is projected to have adequate savings in other personnel budget items, additional cross charges to other City departments, and unbudgeted revenues that cover costs incurred. Reserves As of September 30, 2025, the General Fund Cash Balance was ($3,351,030) or (3.1) percent. This is primarily due to two factors, one is the effort to move all grants out of the General Fund and into a dedicated Grants General Fund to help make the reconciliation between the General Fund and 10-Year Plan easier. As can be noted on the Cash report there is $4,829,174 in that fund at this time. In the past all of this cash would have been in the General Fund. Additionally, the General Fund is larger and property tax revenues are higher than ever before. Property Tax revenues will not be received until January for the first disbursement, when the General Fund will receive approximately $]6 million. In 2020 this amount was only $11.3 million received in January, whieh shows the substantive growth in Property Tax over the reeent years as this revenue has consistently outperformed projections. The General Fund expenses come out mostly even throughout the year but revenues have some large peaks and valleys. As a result, the General Fund is burning cash through December and then rebuilds the eash balance through the spring months. As mentioned previously thru the end of Fiscal Year 2025 the Gen�ral Fund is waiting on $2.1 Million from FEMA for the SAFER grant. At year end, the ten-year plan projects the reserve to be $11,558,000 or 10.7 pereent. This could Report to Redding City Council November 14,2025 Re: 9.10(a)--General Fund Financial Report for quarter ended September 2025 Page 4 change depending upon the final revenue and expenditure performance. Due to the fact that typically the quarterly updates do not modify the 10-Year Plan staff is not recommending any changes to the projected reserves at this time. Forward Lookin�Bud�et Anal.� This quarterly update clearly outlines some potential modifications that typically would not be done at a quarterly update. As we head toward the Mid-Year budget update, we need to consider Biennial Budget modifications that could both help and hurt the General Fund 10-Year Plan. As outlined above Sales Tax has underperformed the growth assumptions. This is due to FY 2025 ultimately finishing $SOOK below the assumption used for FY 2024. During the budget development it was assumed sales tax would be flat froln FY 2024 to FY 2025. Additionally, during the 2nd Quarter, quarter ending June 2025 paid in August 2025, sales tax was economically flat compared to the same quarter from FY 2025. Furthermore, one-time adjustments have further negative impacts on the results from a cash basis. Every August new Ca1PERS actuarial reports are made available to the City of Redding. The review of the new actuarial reports has been completed and analyzed. As a result, there will be an increased cost pressure on the General Fund. This pressure will begin in FY 2027 and continue on into the future. Below is a list of the impact from the updates. Miscellaneous Safety Total General Fund 6/30/2023 6/30/2024 6/30/2023 6/30/2024 Total Total General Fund General Fund 6/30/2023 6/30/2024 6/30/2023 6/30/2024 Difference FY2027 18,270,543 19,456,251 5,084,692 5,414,675 14,286,485 14,767,509 19,371,177 2Q182,184 811,007 FY2028 19,133,269 20,087,432 5,324,789 5,590,332 14,973,248 15,790,330 20,298,037 21,380,662 1,082,626 FY2029 20,938,131 21,660,748 5,827,082 6,028,186 16,252,727 16,912,030 22,079,809 22,940,216 860,407 FY2030 21,408,529 21,889,600 5,957,994 6,091,876 16,638,180 17,139,703 22,596,174 23,231,579 635,405 FY2031 21,826,404 22,085,929 6,074,288 6,146,514 16,987,845 17,331,589 23,062,133 23,478,103 415,970 FY2032 21,237,820 21,497,346 5,910,485 5,982,711 16,802,449 17,146,193 22,712,934 23,128,904 415,970 Whi1e the above reported items may seem negative, there have been some positive items for Council during the current fiscal year, which could be used to offset some of the items listed above and below. Redding Rancheria has agreed to pay the General Fund $3.2 Million — once these funds are received, staff wi11 present options to Council for consideration. Additionally, the sale of Stillwater property and other excess property has created approximately $2.8 Million available to the General Fund. Council previously decided to keep this money in the General Capital Projects Fund. These two sources could bring up to $6 million dollars of one-time money to the General Fund. Additionally, there is an opportunity to do a bond refunding of General Fund debt which could save the General Fund between $50-75K of savings per year based on current estimates. In addition to the above items it is important for Council to remember there are many unmet needs within the General Fund for City-owned facilities long-term r�pair costs and operational costs. Additionally, there are unmet needs for long-term Rolling Stock and Equipment replacement plans. During the biennial budget development process for FY 2026 & FY 202'7 there was reduetions to expenditures which caused additional modi�eations to service levels. Council Priority/City Manage� Goals Report to Redding City Council November 14,2025 Re: 9.10(a)--General Fund Financial Report for quarter ended September 2025 Page 5 • Budget and Financial Management—"Achieve balance 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 Report First Quarter FY 2026 (Thru September 2025) Year End Budget Report Section One Actual Revenues Compared to Cash Flow Estimates Year to Date Actual Revenue Compared to Cash Flow Estimates Year To Date City of Redding-Genera)Fund September 2025 YTD Projection Actual Over(Under) % GENERAL FUND TAXES PropertyTaxes 392,130 323,250 (68,880) 82.43% Sales Tax 8,245,026 7,425,755 (819,271) 90.06% Transient Occupancy Tax 2,381,410 2,453,745 72,335 103.04°/o Franchise Tax 225,000 169,418 (55,582) 75.30% Business License Tax 225,000 204,131 (20,869) 90.72% Real Property Transfer Tax 112,500 114,026 1,526 101.36% Cannabis Tax 477,400 301,002 (176,398) 63.05% TOTA�TAXES 12,058,466 10,991,326 (1,067,140) 91.15% LICENSES AND PERMITS Animal�icenses 12,501 6,549 (5,952) 52.39% Building Permits 475,041 331,440 (143,601) 69.77% Engineering Encroachment Permits 24,999 18,028 (6,971) 72.12% Electricai Permits 71,025 70,070 (955) 98.65% Transportation Permits 2,934 1,564 (1,370) 53.31% Piumbing Permits 33,108 19,571 (13,537) 59.11% Mechanical Permits 54,243 88,871 34,628 163.84°/o Engineering Grading Permits - 94,685 94,685 * TOTAI LICENSES AND PERMITS 673,851 630,778 (43,073) 93.61% FINES AND PENALTIES Traffic Safety Fines 130,155 261,513 131,358 200.92% Code Enforcement Fines 40,149 270,556 230,407 673.88°/a Other Fines&Fees 22,500 33,082 10,582 147.03% Criminal Fines 5,001 6,914 1,913 138.26°/o TOTA�FINES AND PENALTIES 197,805 572,065 374,260 289.21% TRANSFERS AND INTERNAL DEPARTMENTS Charges to Other Departments 1,830,585 1,843,525 12,940 100.71°/o Property In Lieu of Tax 1,499,150 1,499,150 0 100.00% Internal Advances/�oans (18,000) (74,776) (56,776) 415.42°/o Fund Transfers From 4,658,086 2,169,700 (2,488,386) 46.58% Fund Transfers To (1,103,000) (953,224) 149,776 86.42% TOTA�TRANSFERS AND INTERNAL 6,866,821 4,484,375 (2,382,446) 65.30% REVENUE FROM OTHER GOVERNMENTAL AGENCIES Federal Grant Operating 516,681 - (516,681) 0.00°/o State Non-Grant Funding 116,247 273,587 157,340 235.35% County Non-Grant Funding - 27,258 27,258 * Other Government Grant Operating 240,528 882,367 641,839 366.85% TOTA�REVENUE FROM OTHER GOVT 873,456 1,183,212 309,756 135.46°/a OTHER REVENUES Late Fees 425,001 450,682 25,681 106.04% Contributions 28,125 5,807 (22,319) 20.65% Miscellaneous Receipts 51,219 (104,111) (155,330) -203.27% Reimbursements 78,750 (78,750) 0.00°/a TOTA�OTHER REVENUE 583,095 352,378 (230,717) 60.43% Actual Revenue Compared to Cash Flow Estimates Year To Date City of Redding-Genera)Fund September 2025 YTD Projection Actual Over(Under) % CHARGES FOR CURRENT SERVICES Pianning Permits-Subdivisions 122,472 94,094 (28,378) 76.83% Building Plan-Recording Fees 6,804 5,533 (1,271) 81.32% Pian Check Fees 219,933 204,153 (15,780) 92.83% Engineering Land Development Fees 157,500 - (157,500) 0.00°/o Technology Surcharge 66,966 56,724 (10,242) 84.71% Cannabis App/Permit Fees 200,001 245,411 45,410 122.70°/o Animal Shelter Fees 1,500 932 (568) 62.13% Inspection Fees 876 - (876) 0.00°/a Fingerprint Fees 1,473 2,133 660 144.81% Fire Permits&Fees 30,501 19,684 (10,817) 64.54% DUI Emergency Response 18,750 7,766 (10,984) 41.42% Swimming Pool Receipts 26,280 16,146 (10,134) 61.44% RAC Swim Shop/Rental 5,805 17,373 11,568 299.28% RAC Admission 35,682 63,171 27,489 177.04°/a RAC Swim Team 1,857 12,995 11,138 699.77% Swimming Pool Concessions 14,502 29,942 15,440 206.47°/a Other Charges and Fees 231,159 134,410 (96,749) 58.15% Recreation Sports 177,843 158,655 (19,188) 89.21% Bad Debt Write-Off (25,074) (218,580) (193,506) 871.74% TOTA�CHARGES FOR CURRENT SERVICES 1,294,830 850,543 (444,287) 65.69% REVENUE FROM THE USE OF MONEY&PROPERTY Property Rentals 181,170 280,132 98,962 154.62% Investment Income 24,999 5,930 (19,069) 23.72% TOTA�REVENUE-USE OF MONEY&PROPERTY 206,169 286,062 79,893 138.75% TOTA�GENERAL FUND 22,754,493 19,350,739 (3,403,754) 85.04% Year End Budget Report Section Two Actual Revenue Compared to Tota� Budget Forecast Actual Revenue Compared to Total Budget Forecast City of Redding-General Fund September 2025 Amended Bud�et Actual Over(Under) % GENERA�FUND TAXES Property Taxes 30,560,000 323,250 (30,236,750) 1.06% Sales Tax 31,368,000 7,425,755 (23,942,245) 23.67% Transient Occupancy Tax 7,570,010 2,453,745 (5,116,265) 32.41% Franchise Tax 1,400,000 169,418 (1,230,582) 12.10% Business License Tax 900,000 204,131 (695,869) 22.68% Real Property Transfer Tax 450,000 114,026 (335,974) 25.34% Cannabis Tax 1,938,790 301,002 (1,637,788) 15.53% TOTA�TAXES 74,186,800 10,991,326 (63,195,474) 14.82% LICENSES AND PERMITS Animal Licenses 50,000 6,549 (43,451) 13.10% Building Permits 1,900,160 331,440 (1,568,720) 17.44% Engineering Encroachment Permits 100,000 18,028 (81,972) 18.03% Electrical Permits 284,100 70,070 (214,030) 24.66% Transportation Permits 11,740 1,564 (10,176) 13.32% Plumbing Permits 132,430 19,571 (112,859) 14.78% Mechanical Permits 216,970 88,871 (128,099) 40.96% Engineering Grading Permits 94,685 94,685 * TOTAL LICENSES AND PERMITS 2,695,400 630,778 (2,064,622) 23.40% FINES AND PENA�TIES Traffic Safety Fines 520,620 261,513 (259,107) 50.23% Code Enforcement Fines 160,600 270,556 109,956 168.47% Other Fines&Fees 90,000 33,082 (56,918) 36.76% Criminal Fines 20,000 6,914 (13,086) 34.57% TOTA�FINES AND PENALTIES 791,220 572,065 (219,155) 72.30% TRANSFERS AND INTERNA�DEPARTMENTS Charges to Other Departments 7,322,340 1,843,525 (5,478,815) 25.18% Property In Lieu of Tax 5,996,600 1,499,150 (4,497,450) 25.00% Internal Advances/Loans (72,000) (74,776j (2,776) 103.86% Fund Transfers From 19,154,850 2,169,700 (16,985,150) 11.33% Fund Transfers To (2,945,820) (953,224j 1,992,596 32.36% TOTA�TRANSFERSANDINTERNAL 29,455,970 4,484,375 (24,971,595) 15.22% REVENUE FROM OTHER GOVERNMENTAL AGENCIES Federal Grant Operating 2,066,720 - (2,066,720) 0.00% State Non-Grant Funding 465,000 273,587 (191,413) 58.84% County Non-Grant Funding - 27,258 27,258 * Other Government Grant Operating - 882,367 882,367 #DIV/0! Other Government Non-Grant Funding 962,120 - (962,120) 0.00% TOTA�REVENUE FROM OTHER GOVT 3,493,840 1,183,212 (2,310,628) 33.87% OTHER REVENUES Late Fees 1,700,000 450,682 (1,249,318) 26.51% Actual Revenue Compared to Total Budget Forecast City of Redding-General Fund September 2025 Amended Bud�et Actual Over(Under) % Contributions 112,500 5,807 (106,694) 5.16% Miscellaneous Receipts 204,890 (104,111) (309,001) -50.81% Reimbursements 315,000 - (315,000) 0.00% TOTAL OTHER REVENUE 2,332,390 352,378 (1,980,012) 15.11% CHARGES FOR CURRENT SERVICES Planning Permits-Subdivisions 489,890 94,094 (395,796) 19.21% Building Plan-Recording Fees 27,220 5,533 (21,687) 20.33% Plan Check Fees 879,730 204,153 (675,577) 23.21% Engineering Land Development Fees 630,000 - (630,000) 0.00% Technology Surcharge 267,860 56,724 (211,136) 21.18% Cannabis App/Permit Fees 800,000 245,411 (554,589) 30.68% Animal Shelter Fees 6,000 932 (5,068) 15.53°/o Inspection Fees 3,500 - (3,500) 0.00% Fingerprint Fees 5,900 2,133 (3,767) 36.15°/a Fire Permits&Fees 122,000 19,684 (102,316) 16.13% DUI Emergency Response 75,000 7,766 (67,234) 10.36% Swimming Pool Receipts 105,110 16,146 (88,964) 15.36% RAC Swim Shop/Rental 23,220 17,373 (5,847) 74.82°/o RAC Admission 142,730 63,171 (79,560) 44.26% RAC Swim Team 7,420 12,995 5,575 175.13% Swimming Pool Concessions 58,010 29,942 (28,068) 51.62% Other Charges and Fees 924,630 134,410 (790,220) 14.54% Recreation Sports 711,340 158,655 (552,685) 22.30% Bad Debt Write-Off (100,300) (218,580) (118,280) 217.93% TOTAL CHARGES FOR CURRENT SERVICES 5,179,260 850,543 (4,328,717) 16.42% REVENUE FROM THE USE OF MONEY&PROPERTY Property Rentals 724,670 280,132 (444,538) 38.66% Investment Income 100,000 5,930 (94,070) 5.93% TOTA�REVENUE-USE OF MONEY&PROPERTY 824,670 286,062 (538,608) 34.69% TOTAI GENERAL FUND 118,959,550 19,350,739 (99,608,811) 16.27% Year End Budget Report Section Three Actual Expenditures Compared to Cash Flow Estimates Actual Expenditures Compared to Budget Cash Flow Estimates City of Redding-General Fund September 2025 YTD Proiection Actual Over(Under) Percenta�e 1001-City Council 52,105 45,131 (6,974) 86.62% 1011-City Manager 153,607 221,478 67,871 144.19% 1021-City Clerk 227,261 193,617 (33,645) 85.20% 1031-City Attorney 233,367 288,315 54,948 123.55% 1041-City Treasurer 175,346 127,073 (48,272) 72.47% 1045-Finance 471,024 533,266 62,242 113.21% 1048-Purchasing 138,114 114,962 (23,152) 83.24% 1051-Personnel 241,035 150,054 (90,980) 62.25% 1061-Animal Regulation 263,085 272,184 9,099 103.46% 1091-Genera)Fund Debt Service 492,723 550,178 57,455 111.66% 1099-Non-Departmental 321,348 299,938 (21,409) 93.34% 1101-Permit Center 179,030 125,286 (53,744) 69.98% 1111-Building Department 649,940 503,701 (146,239) 77.50°/o 1121-Planning 524,163 540,410 16,247 103.10% 1131-Code Enforcement 247,206 211,234 (35,971) 85.45% 1191-Subdivision&Land Planning 26,875 8,466 (18,409) 31.50% 1401-Police-Administration 1,144,624 1,241,082 96,458 108.43% 1402-Police-Field Operations 7,071,585 6,972,254 (99,331) 98.60% 1403-Police-Investigations 1,562,864 1,326,695 (236,169) 84.89°/o 1404-Police-Services Division 1,140,170 1,445,948 305,778 126.82% 1501-Fire-Administration 642,806 638,925 (3,880) 99.40% 1502-Fire-Suppression 6,123,160 7,414,288 1,291,128 121.09% 1503-Fire-Prevention 393,043 457,917 64,874 116.51% 1601-Public Works-Engineering 337,194 3,065 (334,129) 0.91% 1611-Engineering and Design 157,500 234,761 77,261 149.05% 1621-Streets-6eneral and Administrative 1,363,121 1,045,960 (317,161) 76.73%o 1631-Streets-Capital 3,561,648 3,486,771 (74,876) 97.90% 1701-Community Services Administration 168,111 149,885 (18,226) 89.16% 1711-Pa rks 1,090,527 1,200,977 110,450 110.13% 1721-Recreation Programs 557,641 751,923 194,282 134.84% 1725-Aquatic Center 150,896 239,885 88,989 158.97% 1726-Redding Sports Complex 224,924 153,648 (71,277) 68.31% 1750-Midtown Mall 3,050 3,126 76 102.51% Total 30,089,088 30,952,404 863,316 102.87% *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 Actual Expenditures Compared to Budget Year to Date City of Redding-General Fund September 2025 Budset Encumbrances& Total Unencumbered % Adopted Bud�et Amendments Total Bud�et YTD Actua) Commitments Consumption Balance Consumed 1001-City Council 208,421.00 0.00 208,421.00 45,131.11 170.00 45,301.11 163,119.89 21.74% 1011-City Manager 614,428.00 0.00 614,428.00 221,478.31 9,333.34 230,811.65 383,616.35 37.57% 1021-City Clerk 899,031.00 1Q014.00 909,045.00 193,616J2 649.68 194,266.40 714,778.60 21.37% 1031-CityAttorney 933,468.00 0.00 933,468.00 288,315.43 0.00 288,315.43 645,152.57 30.89% 1041-CityTreasurer 701,383.00 0.00 701,383.00 127,073.34 0.00 127,073.34 574,309.66 18.12% 1045-Finance 1,884,094.00 0.00 1,884,094.00 533,265.81 48,969.96 582,235.77 1,301,858.23 30.90% 1048-Purchasing 552,455.00 0.00 552,455.00 114,961.59 0.00 114,961.59 437,493.41 20.81% 1051-Personnel 964,138.00 0.00 964,138.00 150,054.46 0.00 150,054.46 814,083.54 15.56% 1061-Animal Regulation 1,052,340.00 0.00 1,052,340.00 272,183.66 624,459.99 896,643.65 155,696.35 85.20% 1091-General Fund Debt Service 1,970,890.00 0.00 1,970,890.00 550,177.58 0.00 SSq177.58 1,420,712.42 27.92% 1099-Non-0epartmental 1,285,390.00 0.00 1,285,390.00 299,938.20 25,964.05 325,902.25 959,487.75 25.35% 1101-Permit Center 716,119.00 0.00 716,119.00 125,285.70 4,445.93 129,731.63 586,387.37 18.12% 1111-Building Department 2,592,309.00 7,450.00 2,599,759.00 503,701.25 0.00 503,701.25 2,096,057J5 19.37% 1121-Planning 2,096,653.00 0.00 2,096,653.00 540,409J8 0.00 540,409J8 1,556,243.22 25.77% 1131-Code Enforcement 988,822.00 0.00 988,822.00 211,234.13 0.00 211,234.13 777,587.87 21.36% 1191-Subdivision&Land Planning 107,500.00 0.00 107,500.00 8,465.94 4,848.00 13,313.94 94,186.06 12.39% 1401-Police-Administration 4,578,496.00 0.00 4,578,496.00 1,241,082.42 0.00 1,241,082.42 3,337,413.58 27.11% 1402-Police-Field Operations 26,885,239.00 1,401,100.00 28,286,339.00 6,972,253.57 106,376.96 7,078,630.53 21,207,708.47 25.02% 1403-Police-Investigations 6,251,456.00 0.00 6,251,456.00 1,326,695.29 0.00 1,326,695.29 4,924,760J1 21.22% 1404-Police-ServicesDivision 4,560,678.00 0.00 4,560,678.00 1,445,947.85 1,641.94 1,447,589.79 3,113,088.21 31.74% 1501-Fire-Administration 2,571,222.00 0.00 2,571,222.00 638,925.48 130,000.00 768,925.48 1,802,296.52 29.91% 1502-Fire-Suppression 24,011,390.00 481,250.00 24,492,640.00 7,414,287.73 (10,364.39) 7,403,923.34 17,088,716.66 30.23% 1503-Fire-Prevention 1,572,ll1.00 0.00 1,572,171.00 457,917.06 0.00 457,917.06 1,114,253.94 29.13% 1601-Public Works-Engineering 1,348,777.00 0.00 1,348,777.00 3,065.17 (10,684.29) (7,619.12) 1,356,396.12 -0.56% 1611-Engineering and Design 630,000.00 0.00 630,000.00 234,760.55 0.00 234,760.55 395,239.45 37.26% 1621-Streets-General and Administrative 5,452,484.00 0.00 5,452,484.00 1,045,960.20 454,676.22 1,500,636.42 3,951,847.58 27.52% 1631-Streets-Capital 5,719,050.00 8,527,540.00 14,246,590.00 3,486,771.46 239,964.35 3,726,735.81 10,519,854.19 26.16% ll01-Community Services Administration 672,444.00 0.00 672,444.00 149,885.00 0.00 149,885.00 522,559.00 22.29% ll11-Parks 4,271,888.00 9Q219.00 4,362,107.00 1,200,976.67 251,237.94 1,452,214.61 2,909,892.39 33.29% 1721-Recreation Programs 2,230,562.00 0.00 2,230,562.00 751,922.68 13,768.59 765,691.27 1,464,870.73 34.33% ll25-Aquatic Center 603,584.00 0.00 603,584.00 239,885.43 8,253.46 248,138.89 355,445.11 41.11% ll26-ReddingSportsComplex 871,683.00 28,014.00 899,697.00 153,647.56 15,022.79 168,670.35 731,026.65 18.75% 1750-Midtown Mall 12,200.00 0.00 12,200.00 3,126.47 0.00 3,126.47 9,073.53 25.63% Total 109,810,765.00 10,545,587.00 120,356,352.00 30,952,403.60 1,918,734.52 32,871,138.12 87,485,213.88 27.31% Year End Budget Report Section Five Carryover Fiscal Year 2025 to Fiscal Year 2026 Carryovers City of Redding-General Fund FY 2025 to FY 2026 Carryovers 1001-City Council - 1011-City Manager - 1021-City Clerk - 1031-City Attorney - 1041-City Treasurer - 1045-Finance - 1048-Purchasing - 1051-Personnel - 1061-Anima) Regulation - 1091-General Fund Debt Service - 1099-Non-Departmental - 1101-Permit Center - 1111-Building Department 7,450 1121-Planning - 1131-Code Enforcement - 1191-Subdivision& Land Planning - 1401-Police-Administration - 1402-Police-Field Operations 1,401,100 1403-Police-Investigations - 1404-Police-Services Division - 1501-Fire-Administration - 1502-Fire-Suppression 481,250 1503-Fire-Prevention - 1601-Public Works-Engineering 39,220 1611-Engineering and Design - 1621-Streets-Genera)and Administrative - 1631-Streets-Capita) 8,527,540 1701-Community Services Administration - 1711-Parks 71,510 1721-Recreation Programs - 1725-Aquatic Center - 1726-Redding Sports Complex - 1750-Midtown Mall - 1999-Transportation &RABA Support - Tota( 10,528,070 GENERAL FUND TEN YEAR PLAN Adopted June 2025 City of Redding General Fund Ten Year Plan (in thousands) Fiscal Year Ending 2026&2027 Adopted June 17, 2025 Fiscal Year Adopted Adopted 2025-26 aoa6-a� Zoa�-a8 2o28-z9 2029-30 2030-31 Beginning Cash Balance 9,00o i1,558 12,425 i2,492 12,191 1i,983 Revenues io2,823 l04>999 107,344 ilo,6o0 113>954 117,416 Net Transfers �,591 �,680 �,464 �,68� �,918 8,156 Totai Revenues lio,413 1i2,679 ii4,8o� i18,28� i2i,8�2 i25,5�1 Personnel Costs (�b,o88) (80,236) (81,840) �84�736) �g7>249) �g9>494) Operating Costs (25,349) (26,201) (26,g8�) (2�,�g6) (28,630) (29,489) CapitalOutlay (6,408) (6,io4) (6,28�) (6,476) (6,6�0) (6,8�0) Debt Service (1,965) (1,318) (1,314) (1,313) (1,310) (1,309) Savings 1,955 2,048 i,68� 1,733 i,�8o i,83o Net Expenditures (10�,856) (lii,811) (114,741) (1i8,588) (122,080) (125,332) Ending Cash Balance 11,558 12,425 12>492 12,ig1 11,983 12,222 Projections toward Council Objectives Ending Cash as Percentage of Expenditures 10.�% i1.i% 10.9% 10.3� 9•g� 9•$� Projected Personnel Percentage 69•3� 70•5� 70•3� 70•4� 70•4� 7o•4� City of Redding General Fund Ten Year Plan (in thousands) Fiscal Year Ending 2026&2027 Adopted June 17, 2025 Fiscal Year 2031-32 2032-33 2033-34 2034-35 Zo35-36 Projected Cash Balance i2,222 i2,915 13,332 i3,758 14,120 Projected Revenues 120,991 124,683 128,490 i32,416 i36,46� Projected Net Transfers 8,400 8,652 8,912 9,179 9,455 Total Projected Revenues 129�391 133>336 i37,4o2 141�596 145r922 Projected Personnel Costs (91,280) (93�007) �94>282) �95,805) �97>365) Projected Operating Costs �30,924) �33,2$5) �36,123) �38,890) �41,386) Projected Operating Costs (�,0�6) (�,289) �7�507) �7>732) �7�964) Projected Debt Service (1,3u) (1,315) (1,132) (g66) (963) Projected Savings 1,893 1,975 2,069 2,i61 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 14,6i3 Projections toward Council Objectives Ending Cash as Percentage of Expenditures 10.0% lo.o% lo.o% lo.o% lo.o% Projected Personnel Percentage 69.9% 68.9% 6�.8% 66.8% 65•9� City of Redding General Fund Ten Year Plan (in thousands) Revenues Fiscal Year Ending 2026&2027 Fiscal Year Ended Adopted Adopted 2025-26 2026-2� 202�-28 2028-29 2029-30 2ogo-gi 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 i,939 2,016 2,097 2,180 2,268 2,358 Other Taxes 2,�50 2,�50 2,860 2,974 3>093 3,217 Licenses&Permits 2,695 2>g23 2,936 3>053 3>175 3,302 Fines&Penalties 791 8u 844 g78 913 949 Other Government 3,364 2,175 1,381 i,422 i,465 i,5og Redding Rancheria i29 i32 i36 i4o 144 149 Internal Departments 13>3i9 14,457 i4,g91 15>33g i5,79g 16,2�2 Service Charges 5,179 5,299 5,511 5,731 5,960 6,199 Other Revenue 2,332 2,33g 2,4og 2>4go 2>555 2,63i Use of Money&Property 725 729 729 729 729 729 Interest loo lo0 124 i25 122 i2o Subtotal 102,823 104,999 107,344 ll0,600 1i3,954 117,416 Transfers In: Gas Taxes io,o86 lo,i5i 10,455 1o,�6g 11,092 i1,425 Debt Service - - - - - - Other Transfers In 523 523 53g 554 571 5gg Total Transfers In l0,609 10,673 10,994 11,323 11,663 12,013 Transfers Out: CVB&Convention Center (750) (756) (779) (802) (826) (85i) Parking (38) - - - - - LibrarY �1,055) �i,o86) �l,il9) �1,153) �1,i87) �1,223) Rolling Stock (885) �g4o) �865) �g91) �9ig) �945) Other Equipment (218) (239) �246) �253) (261) (268) Internal Advances - - - - - - Other Transfers Out (�2) (72) (521) �537) �553) �569) Total Transfers Out (3,018) (2,993) �3,530) �3>636) �3>745) �3>g57) Net Transfers �,59i �,680 �,464 �,68� �,918 8,156 Total Revenues ilo,4i3 i12,679 ii4,8o� ii8,28� i2i,8�2 i25,5�i Revenue Assumptions Sales Tax 2.0% 2.0% 2.5� 2•5� 2•5� 2•5� PropertyTax 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 0 2.0 o i.o% l.o% l.o% l.o% City of Redding General Fund Ten Year Plan (in thousands) Revenues Fiscal Year Ending 2026&2027 Fiscal Year Ended 2ogi-32 2032-33 2033-34 2034-35 Zo35-36 Sales Tax 36,199 37,104 38,032 38,983 39,957 Property Tax 36,5i8 3'7,613 3g>741 39,904 41,101 TOT 9,579 9,962 io,36o io,775 li,2o6 Cannabis Tax 2,453 2,551 2,653 2,759 2,869 Other Taxes 3,346 3,480 3,6i9 3,764 3,914 Licenses&Permits 3,434 3,572 3>714 3,g63 4,018 Fines&Penalties 98� 1,02� 1,068 l,lil 1,155 Other Government 1,554 i,6oi 1,649 1>69g 1>749 Redding Rancheria i53 158 162 16� 1�2 Internal Departments 16,�60 1�,263 i�,�81 18,3i4 18,864 Service Charges 6,447 6,705 6,973 7,252 7,542 Other Revenue 2,�10 2,�gi 2,875 2,g6i 3,050 Use of Money&Property 729 729 729 729 729 Interest i22 i29 133 i38 14i Subtotal 120,991 124,683 128,490 132,4i6 136,46� Transfers In: Gas Taxes 11,�68 i2,121 12,4g4 12>g59 i3>245 Debt Service - - - - - Other Transfers In 606 624 643 662 682 Total Transfers In 12,373 i2,745 13,12� 13,52i 13,926 Transfers Out: CVB&Convention Center (8��) (903) �930) �958) �987) Parking - - - - - Library �1,259) �1,297) �1,336) �1,376) �1,41$) Rolling Stock (974) (l,003) (1,033) (i,o64) (1,096) Other Equipment (2�6) (285) �293) (302) (311) Internal Advances - - - - - Other Transfers Out (58�) (604) (622) (64i) (660) Total Transfers Out C3,973) �4,092) �4>215) �4>34i) �4>472) Net Transfers 8,400 8,652 g,912 9,179 9,455 Total Revenues 129,391 133,336 137,402 i4i,596 145>922 Revenue Assumptions Sales Tax 2.5� 2•5� 2•5� 2•5� 2•5� PropertyTax 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) i.o o l.o% l.o% l.o% i.o% City of Redding General Fund Ten Year Plan (in thousands) Expenditures Fiscal Year Ending 2026 &2027 Fiscal Year Ended Adopted Adopted 2025-26 2026-2� 202�-28 2028-29 2029-30 2ogo-gi Safety UAL Payments 14,973 16,253 16,638 16,988 Misc UAL Payments 5>325 5>325 5>g27 5,95g PARS UAL Payments - - - - Police Personnel 34,556 36,86� 28,611 29,355 30,113 30,896 Operating �,347 �,696 �,92� 8,i65 8,4io 8,662 CapitalOutlay/Project 372 274 282 2g1 300 309 Subtotal 42,2�6 44>g37 36,820 37,8i1 3g>g22 39,g66 Fire Personnel 23>23g 24>244 18,093 18,560 19,o3g 19,593 Operating 4,916 5,121 5,274 5,433 5,596 5,764 CapitalOutlay/Project - - - - - - Subtotal 28,155 29,365 23,367 23,992 24,634 25,356 Transportation&Engineering Personnel 2,48� 2,619 1,411 1,448 1,474 1,511 Operating 4,913 5>O14 5>i64 5>3i9 5,479 5,643 CapitalOutlay/Project 5,�50 5,�10 5,881 6,058 6,239 6,42� Subtotal 13>150 13,342 12>457 12,824 13>i92 13,581 Parks&Recreation Personnel 4>gg7 5>059 3,g71 3,9go 4,ogg 4>2O4 Operating 3,500 3,60� 3,715 3,$27 3,942 4,060 CapitalOutlay/Project 286 120 124 i2� 131 135 Subtotal 8,673 8,�86 �,�09 7,934 8,161 8,399 Deuelopment Seruices Personnel 5,148 5,367 4,471 4,592 4,713 4,842 Operating 1,343 i,418 1,461 i,5o5 i,55o 1,596 CapitalOutlay/Project - - - - - - Subtotal 6,491 6,7g5 5,931 6,og� 6,263 6>43g Generat Gouernment&Other Personnel 5,��1 6,080 5,086 5,22q 5,35g 5�503 Operating 3,330 3,345 3,445 3�548 3,655 3>764 CapitalOutlay/Project - - - - - - Debt Service 1,965 i,3i8 i,314 i,313 1,310 i,3o9 Subtotal ii,o66 10,�43 9,g45 l0,085 io,323 10,576 Add Back Personnel - - - - - - Add Back O&M - - - - Projected Savings �1,955) (2,048) (i,68�) (1,733) (i,�8o) (i,83o) Total Expenditures io�,856 ii1,811 1i4,741 i18,588 122,080 125>332 Ex�enditure Assum�tions Personnel-Wages Budget Budget 2.�5� 2•75� 2•75� 2•75 o O&M&Capital Outlay Budget Budget 3.0% 3.0% 3.0% 3.0% Debt Actual Actual Actual Actual Actual Actual Assumed Expense Savings 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% City of Redding General Fund Ten Year Plan (in thousands) Expenditures Fiscal Year Ending 2026&2027 Fiscal Year Ended 2ogi-32 2032-33 2033-34 2034-35 2035-36 Safety UAL Payments 16,802 16,��8 16,109 15,893 15,469 Misc UAL Payments 6,0�4 5>91O 5>g92 5>608 5,517 PARS UAL Payments - - - - - Police Personnel 31,754 32,63g 33,546 34,480 35,438 Operating 8,922 9>190 9,465 9>749 io,o42 CapitalOutlay/Project 31$ 327 337 347 358 Subtotal 40>994 42>155 43,34g 44,576 45,g3g Fire Personnel 2o,i38 2o,6g8 21,274 2i,866 22,474 Operating 5,936 6,115 6,298 6,48� 6,682 CapitalOutlay/Project - - - - - Subtotal 26,074 26,812 2�,572 28,353 29,156 Transportation&Engineering Personnel 1,553 1,600 1,646 1,695 1,744 Operating 5,8i2 5,98� 6,i66 6,351 6,542 CapitalOutlay/Project 6,6i9 6,8i8 �,023 7,233 7,450 Subtotal 13>9g5 14>405 i4,g35 i5,28o i5,736 Parks&Recreation Personnel 4>326 4,453 4>5g2 4>7i6 4>g54 Operating 4>i82 4,307 4,436 4,569 4�706 CapitalOutlay/Project 139 143 14g 152 157 Subtotal 8,647 8,903 9,166 9,438 9,717 Deuelopment Seruices Personnel 4,g�6 5,116 5,258 5>405 5,556 Operating i,644 i,693 i,744 1,796 1,850 CapitalOutlay/Project - - - - - Subtotal 6,62i 6,8oq �,002 �,202 �,406 Generat Gouernment&Other Personnel 5,655 5,g14 5,975 6,142 6,313 Operating 3,877 3,994 4�113 4,237 4,364 CapitalOutlay/Project - - - - - Debt Service i,3il i,315 1,132 966 963 Subtotal 10,843 11,122 ii,22o 1i,345 i1,64o Add Back Personnel Add Back O&M 550 2,000 3,900 5,�00 �,200 Projected Savings (1,893) �1,975) (2,069) (2,161) �2,2rj0� Total Expenditures i28,69g 132>919 136,976 141>233 145,429 Ex�enditure Assum�tions Personnel-Wages 2.�5� 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% n�� ° ��;. >_ ��„ � �, �� . ..,... ....... 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