City Council will hold two meetings to review the proposed budget on June 9 and June 10, 2021.
The City of Stockton budget is comprised of separate funds. The General Fund is:
Sources of revenue for the General Fund include:
The City’s General Fund reserve policy calls for the City to maintain a 17% operating reserve (approximately two months of expenditures) and establishes additional reserves for known contingencies, unforeseen revenue changes, infrastructure failures, and catastrophic events.
The known contingencies include amounts to address staff recruitment and retention, future CalPERS costs, and City facilities. The policy establishes an automatic process to deposit one-time revenue increases and expenditure savings into the reserves.
Some City Departments charge fees for services provided. The budget for these functions is referred to as Enterprise Funds. These funds are used for operations, similar to private businesses, where the expense of operation is covered by user charges.
The Stockton City Council also acts as the Successor Agency to Redevelopment Agency. Redevelopment funds are Agency Funds.
Other highly specialized and restricted funds compromise a smaller portion of the City's budget and cannot be used for anything other than the specified purposes.
Per the City’s interfund loan policy, the City does permit loans between funds, but these loans are only to be used to alleviate a temporary cash deficiency. Such loans are not used to balance the budget of the borrowing fund or deter any function or project for which the loaning fund was established. The amount loaned is generally repaid within the same fiscal year.
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This City of Stockton web page last reviewed on --- 5/24/2021