The Riverside County Board of Supervisors has approved the request from the Idyllwild Fire Protection District for an advance of its property tax revenue.
IFPD requested an advance of $350,000 from the county in June. The advance will be repaid, with interest, in December and January when Riverside County makes its first allocation of property tax receipts to the cities and special districts.
From July through the middle of December, IFPD’s cash flow is limited to ambulance collections because it receives no property tax or assessments during that period.
The commission’s $350,000 request is a $50,000 increase from last year. This is the first request for a larger advance in the five years since IFPD has been using this process. Until 2014, it had requested at least a $400,000 advance.
The California Constitution and Government Code have provisions allowing the county to temporarily advance and transfer funds to special districts. The limit is 85 percent of the anticipated revenues for the current fiscal year.