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Riverbank council reviews major-fund budget showing $850,000 shortfall; final adoption set for June 25
Summary
Assistant City Manager Tammy Alcantor presented the city’s major-fund budget workshop June 11, outlining projections for the general, gas tax, sewer, water and public benefit funds. Staff reported a projected $850,000 deficit for FY 2024–25 and recommended steps including a Section 115 trust and reallocation of personnel costs; the council will consider final adoption June 25.
Assistant City Manager Tammy Alcantor told the Riverbank City Council on June 11 that the city’s major funds—general, gas tax, sewer, water and public benefit—face tighter revenues in fiscal year 2024–25 and that staff will return June 25 with a final budget for adoption.
Alcantor said the city projects a beginning reserve of $7,000,000 and estimated revenues of about $13.2 million for FY 2024–25, with ongoing expenditures approaching $14 million. "The proposed budget does show a deficit of 850,000," Alcantor said, and she told the council the projection does not incorporate potential costs tied to outstanding litigation.
The presentation emphasized a change in how the city allocates personnel costs across funds. Alcantor said the city…
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