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Financial Information

FY 2012-2013 Adopted Budget FY 2012-2013 Recommended Budget FY 2012-2013 Third Quarter Budget Report FY 2012-2013 Second Quarter Budget Report FY 2012-2013 First Quarter Budget Report FY 2011-2012 Adopted Budget FY 2011-2012 Recommended Budget FY 2010-2011 Adopted Budget 2010-2011 Recommended Budget 2009-2010 Final Budget 2009-2010 Proposed Budget 2008-2009 Final Budget 2007-2008 Final Budget Comprehensive Annual Financial Report (CAFR) Compliance Analysis and Investment Report Statement of Investment Policy

Riverside County Budget Summary 

Through strong fiscal management and innovation, Riverside County has met the community’s growing needs and balanced its $4.5 billion budget for fiscal year 2007-08. The general fund contains $2.5 billion and pays for county services such as law-enforcement and fire protection. Of the $2.5 billion total, the Riverside County Board of Supervisors has direct control over only $736 million. The remainder is encumbered by state mandates and other commitments, such as bond payments.

While meeting obligations to serve residents, Riverside County has built strong reserves totaling more than 420 million dollars. The reserves received high marks from bond-rating agencies, saving the county tens of millions of dollars in borrowing costs. The reserves help ensure against fluctuations in the economy and are tools to help meet ever-increasing community needs.

		Change over previous year
Total budget	$ 4.5 billion	12 percent increase
General fund	2.5 billion	10 percent increase
Discretionary funds	736 million	16 percent increase
Discretionary-fund breakdown:
Public safety and courts	$ 424 million	15 percent
Health and welfare	131 million	17 percent

 
Property taxes account for 48 percent of the county’s discretionary revenue. The budget approved on June 26, 2007 includes the following new funding:

Animal Control – $661,000
Code Enforcement – $1,766,000
Various Sheriff – $16,632,000
corrections staff - $7,300,00
patrol officers - $2,100,000
gang task - $300,000
rove/safe - $800,000
other - $6,100,000
Various DA – $5,000,000
Probation – $1,848,000

	^ County 12 cents	^ Cities 7 cents	^ Schools 48 cents	^ Special Districts 8 cents	^ Community Redevelopment 25 cents

County Expenses

Riverside County spends approximately 58 percent of its discretionary revenues to support Public Protection programs. To sustain these high priority services, the county has restricted the costs of many other programs. As a result, General Government spending is approximately 20 percent of all discretionary spending.

How does Riverside County use its local funds?

Local Discretionary Funds = $736 million
Public Protection		General Government
Coroner	Probation	Assessor	Executive Office
Courts	Public Defender	Auditor-Controller	Personnel
District Attorney	Sheriff	Board of Supervisors	Treasurer-Tax Collector
Fire	Others	Debt Service	Others
Please note - an often asked question is "How much of my property tax pays for roads?" Answer: None. Gas Tax and Measure "A" sales tax funds are designated for road repairs and improvements

 

(Source: Riverside County's Fiscal Year 2007-08 Final Budget Book)

 

Your Tax Bill

We hope this information provides you with a better understanding of where your property tax dollars go, the amount the county actually receives (12¢ on the dollar) and how the Board of Supervisors distributes this revenue among county programs. There might be other assessments on your tax bill depending upon where you live. For information on those charges, please call the telephone numbers listed on your bill. For general information, or to reach the departments listed above call (951) 955-1100, or visit the county's Internet site at http://www.countyofriverside.us.