RIVERSIDE (CNS) - Reserve funds for contingency or emergency
expenditures by Riverside County government are expected to swell to an amount
nearly $150 million greater than anticipated at the start of the current fiscal
year, according to a report that the Board of Supervisors will review today.The Executive Office's 22-page First-Quarter Budget Report for 2022-23
will be discussed as part of the board's policy agenda.The compendium's highlight is the fact the county is now slated to end
the current fiscal year with an estimated reserve pool of $511 million,
compared to an earlier estimate of $368 million. The county ended the previous
fiscal year with just under $300 million in reserves.EO staff attributed the larger sum to high-than-expected interest rate
earnings on
