Joint Special Council/BFPD
06/20/23 05:30 PM
Engineering
Brad Merrell
Other
Doc ID: 5389
COUNCIL AGENDA ITEM
AGENDA MATTER:
MEASURE I YEAR-END -UPDATE 2022/2023 REVISED
EXECUTIVE SUMMARY:
In accordance with Measure I fiscal year-end requirements, staff must review the initial Measure I Capital l Improvement Plan (CIP) and compare it against the Fiscal Year 2022/2023 Measure I actual expenditures and program list. If there are any variances, staff must submit a report of the differences to the San Bernardino County Transportation Authority (SBCTA).
DISCUSSION:
As part of the fiscal year-end, City staff reviewed Measure I CIP adopted on August 15, 2022, and compared it against the Fiscal Year 2022/23 Measure I expenditures and project list. In accordance with the SBCTA auditor's provisions, staff is adjusting the Measure I Capital Improvement Plan for Fiscal Year 2022/23 to reflect projected Measure I project expenditures per the most current data available On June 5, 2023, the City Council approved the necessary adjustments to the Measure I Capital Improvement Projects update. Upon reviewing of the report and before sending the report to SBCTA, staff discovered additional needed adjustments. Attachment A reflects the corrected adjustments.
FISCAL IMPACT:
An adjustment of $374,300 to Measure I local account.
RECOMMENDED ACTION:
Staff recommends that the City Council take the following actions:
1.Approve the necessary adjustments to the Measure I Capital Improvement Projects, per Attachment A, and associated expenditure and revenue transfer accounts to/from the Measure I Fund (209) and the Capital Improvement Project (CIP) Fund (400).
2. Direct staff to forward the report to SBCTA.