City Financial Health and FY 2024-25 Audit
Summary
Riverbank ended the year with $144.3 million in net position, up 4.5%, and a $1.45 million surplus on day-to-day operations. Sales tax revenue jumped about 23%, but the water fund is running thin with rates unchanged since 2019 — a rate study is in the works.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed May 12, 2026.
Impact analysis
The city ran a $1.45 million surplus and holds about $25.4 million unrestricted, though the water fund's thin reserves could mean a future rate increase.
All Riverbank residents benefit from a fiscally healthy city and well-funded water and sewer systems.
Water customers could face rate increases when the pending rate study concludes.
Mentions & discussions (1)
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