PREPARED BY: ARTURO CASTILLO DATE OF MEETING: 01/20/2026
SUBJECT:
TITLE
CONSIDER ADOPTING RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN PABLO APPROVING AMENDMENT NO. 5 TO THE FISCAL RESILIENCY RESERVE POLICY, EFFECTIVE JANUARY 20, 2026.
CEQA: This proposed action is not a project as defined by CEQA.
Label
CITY MANAGER RECOMMENDATION
Recommendation
Adopt Resolution
Body
Council Priority Workplan
Continue Best Management Practices, Fiscal Excellence, and Fiscal Transparency is an adopted City Council Priority contained in the adopted Fiscal Year 2025-2027 City Council Priority Workplan, effective April 7, 2025.
CEQA Compliance Statement
This proposed action is not a project as defined by CEQA.
BACKGROUND
On October 21, 2013, in order to protect the fiscal solvency of the City and to achieve greater fiscal resiliency, the City Council took the important step of establishing the Fiscal Resiliency Reserve Policy, Resolution 2013-159, and established several new reserves and funded each at the recommended levels.
First Amendment - Casino Revenue Sustainability Reserve (Fund 180)
On June 20, 2016, the Fiscal Resiliency Reserve Policy (FRRP) was first amended by the City Council, Resolution 2016-218, and formally established the Casino Revenue Sustainability Reserve (Fund: 180). The purpose of the reserve is to mitigate against the potential impact that a sudden shutdown or loss of casino revenue would have on the City's ability to maintain current operations and service levels. All deposits and withdrawals from the fund are discretionary by the City Council, and not formulaic as other FRRP reserves noted below:
CITY OF SAN PABLO
FISCAL RESILIENCY RESERVE POLICY (FRRP)
Adopted 10/21/2013 via Resolution 2013-159; Amended 06/20/2016 via Resolution 2016-218
Catastrophic Reserve (Fund: 150)
50% of total Adopted GF Operating Funds
Budget Stabilization Reserve (Fund: 170)
5% of total Adopted GF Operating Funds
City Manager Contingency Accoun...
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