City Manager's Update / September 2026 | | |
This month has been filled with positive financial news for El Cerrito. We learned that the State approved $13 million in funding to replace and improve the roadway on the majority of San Pablo Avenue from Cutting Blvd. all the way to the southern City limit. We have continued to receive grants, including $200,000 that will be used on Americans with Disabilities Act (ADA) updates and improvements at the Swim Center. And, we received two prestigious awards from the Government Finance Officers Association (GFOA): the Distinguished Budget Presentation Award for the City's Biennial budget document and the Certificate of Achievement for Excellence in Financial Reporting for the City's Fiscal Year 2024-25 Annual Comprehensive Financial Report (ACFR). These awards from GFOA are considered the highest form of recognition in the area of budgeting, governmental accounting, and financial reporting, and are a result of continuously presenting and improving our financial documents with clarity and transparency.
Most importantly, after closing our books at the end of the last fiscal year on June 30, our unaudited numbers show that we ended the year with higher revenues and lower expenses than budgeted, ending in a total General Fund Balance of more than $23 million. This includes $7.5 million designated in an Emergency Disaster Relief Fund and $2.9 million in a Section 115 Trust dedicated to future pension costs. As a result, the City’s unassigned General Fund reserve is projected to end the year at 22% of expenditures, well above the 17% level per the City’s Comprehensive Financial Policies. In fact, based on our current estimates the City is projected to be able to maintain these General Fund reserve levels above the targets recommended in each of the next ten years.
These accomplishments are a direct result of the leadership of our City Council to prioritize and stabilize the City’s long-term financial health. I am grateful to our incredible Finance Team including Finance Director Crystal Reams and Budget/Financial Services Manager Claire Coleman for all their work, especially their excellence in budgeting and accounting, seeking continuous process improvements, and providing clear and transparent financial information. Finally, I would like to thank our community members for your engagement and support, which has helped the City maintain our fiscal health and stability. We’re continuing to make big strides in El Cerrito, and I couldn’t be more excited to keep up the momentum as we work collectively to make our community the best it can be.
Thanks for reading and as always, please take care of yourselves and each other.
Karen Pinkos
City Manager
City of El Cerrito
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10890 San Pablo Ave.
El Cerrito, CA 94530
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