2018 TARB LOAN REPAYMENT PROCEEDS RECEIVED 32,686,488
(ADD) REVENUE
FY2019-FY2025 Estimated Investment Revenues 3,419,714
(LESS) ELIGIBLE TRANSFER & USES
FY2020-21:
One-time transfer to Fund 275 Highway Relinquishment Fund (9,300,000) FY2022-23:
Adella and Ynez Undergrounding Project Planning (100,000) Silver Strand Undergrounding Project Planning (200,000) First Street Undergrounding Project Design (100,000)
FY2023-24:
Adella and Ynez Undergrounding Project Construction (2,000,000) Parker Pump Station Rehabilitation Project Construction (12,363,196) FY2024-25 (Budgeted):
Vehicle and Equipment Replacement (2,988,853)
Total Expenditures and Other Uses of Funds (27,052,049) ESTIMATED BALANCE AS OF JUNE 30, 2025 9,054,153
COUNCIL CONSIDERATION
1) Transfer Fund 275 Highway Relinquishment Fund Back to Fund 160 CDA Loan Fund as unlikely to spend by deadline. If approved, Fund 275 Highway Relinquishment Fund will be exhausted. 9,806,268 2) Reallocate previously approved Parker Pump Rehabilitation appropriation from Fund 436 Major Facilities Replacement Fund to Fund 160 CDA Loan Fund. If approved, Fund 436 Major Facilities Replacement Fund balance will increase to an estimated $30.8 million as of June 30, 2025.
(14,300,000)
ADJUSTED BALANCE AS OF JUNE 30, 2025 4,560,421
[A]
[B]
[C]
Fund 160 CDA Loan Fund includes an additional $6.1 million primarily related to existing balance and related investment revenue prior to the receipt of 2018 TARB loan repayment proceeds. This $6.1 million is not represented in this schedule but is reflected in the City's financial statements. $9.3 million was transferred in FY 2020-21 to establish Fund 275 Highway Relinquishment Fund. Proposed transfer of $9,806,268 include interest revenue earned on the balance, which are subject to same restrictions of the original proceeds.
Balance
CDA Loan (160) Fund
2018 Tax Allocation Refunding Bond (TARB) Loan Repayment Proceeds Transaction Summary Investment revenue included budgeted estimates for FY 2023-24 and 2024-25.
Attachment 3