FY 2022/23 Infrastructure Fund Annual Report
May 21,2024
Infrastructure Fund FY 2022/23
Section 617 (c) of the City Charter requires that the Citizens Infrastructure Advisory Board conduct an annual review and performance audit of the Infrastructure Fund and reports its findings to the City Council prior to the adoption of the following fiscal year budget.
The Citizens Infrastructure Advisory Board/Public Works Commission reviewed and recommended Council approval of the Infrastructure Fund Report for Fiscal Year 2022/23 on April 17, 2024.
The report covers July 1, 2022 to June 30, 2023
Infrastructure Fund FY 2022/23
Fund Balance
Fund Balance 7/1/22 $20,484,131
Revenue 2022/23 +$27,677,144
Expenditures 2022/23 -$14,762,937
Fund Balance 6/30/23 $33,398,338
Revenue $27,677,144
General Fund Transfer of $28,740,805
($1,565,054) in interest and market adjustments
$10,422 in maintenance reimbursements
$490,971 in reimbursements from agencies such as the Orange County Sanitation District and the City of Fountain Valley for paving projects
Infrastructure Fund FY 2022/23
Expenditures - $14,762,937
Infrastructure Projects - $356,746
Central Park Projects - $230,314
20-21 Projects - $56,034
21-22 Projects - $3,779,012
Main Promenade Parking - $158,202
Maintenance and Design - $4,673,047
Heil Pump Station - $89,529
Arterial Rehabilitation 20-21 - $10,093
Arterial Rehabilitation 21-22 - $319,627
Rodgers Senior Center - $1,069,236
Oakview Community Center - $49,666
Downtown Revitalization $86,030
Mobility and Corridor Improvements $358,372
FD/PD Youth Training Center $63,400
Carr Park Improvements $27,797
Residential Pavement - $375,702
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