Regular Meeting
08/21/23 05:30 PM
Engineering
Domingo Gonzales
Other
Doc ID: 5447
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 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 the Measure I CIP adopted on August 15, 2022, and compared it against the Fiscal Year (FY) 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 20, 2023, the City Council approved a revision to the Measure I Capital Improvement Projects update. Recently, the city received an invoice on June 28 that was not accounted for in FY 2022/23. In order to comply with the requirements of expending Measure I funds, the addition of the N. First Ave Bridge over BNSF (Construction Phase) project and its estimated expenditures are being added to the FY 2022/23 Measure I CIP.
FISCAL IMPACT:
The fiscal impact to the revision to the FY 22/23 Measure I CIP will reflect an increase to the Measure I expenditure appropration totaling $1,224,300.00.
RECOMMENDED ACTION:
Staff recommends that the City Council take the following actions:
1. Approve the necessary expenditure appropriation adjustments to the Measure I Capital Improvement Projects (CIP), per Attachment A, and appropriate the 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.