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Rio Vista adopts midyear budget adjustments; Measure K revenue reduces projected deficit
Summary
Finance staff reported a $36.37 million available fund balance (7/1/24), projected 6/30/25 fund balance of about $28.96 million, and revenue increases including roughly $400,000 from Measure K for the first quarter; council approved midyear adjustments and asked staff for quarterly public capital-project updates.
Finance staff presented midyear budget adjustments to the City Council on Feb. 4, reporting an updated available fund balance of $36,368,544 as of July 1, 2024, and an estimated fund balance of $28,964,658 as of June 30, 2025. Staff recommended revenue adjustments totaling about $522,521, including approximately $400,000 reflecting one quarter of Measure K receipts. Small projected increases in sales and property tax were also reported.
Expenditure adjustments presented totaled about $181,650 and included items staff said should be funded now that Measure K passed: a $10,000 community-project allocation, $35,000 in TOT community reimbursement funds, and up to $15,000 for strategic planning. The report also proposed a $25,000 phase-1 bollard program to protect downtown event areas and noted other enterprise-fund capital work (water/wastewater and vehicle upfits) that increased total enterprise fund adjustments. Staff noted that SB 1 road funds require jurisdictions to meet a maintenance-of-effort threshold to continue receiving annual allocations.
Together the adjustments reduce the adopted budget deficit from $496,866 to $155,995, staff said, largely because of the Measure K revenue. Council approved the midyear adjustments and directed staff to place a capital-project status dashboard on the city website, to be updated quarterly for transparency. Several council members requested more detail on individual line items (for example, a breakdown of the youth-center allocation) and asked staff to confirm grant offsets for items such as the fire-station diesel-exhaust system.
