LEGAL REVIEW
N
o legal review is required for this report.
FISCAL IMPACT
Budget Update
W
ith the adoption of these recommendations, the amended budget for Fiscal Year 2024- 2025 will be as follows:
Tot
al revenues are $73.5 million, with total expenditures, including capital expenditures totaling $70.6 million. Estimated General Fund revenues and Transfers in total $58. 9 million, with General Fund expenditures and Transfers Out being $58.8 million, resulting in a surplus of $0.1 million.
Estimated
Revenues* Transfers In Estimated
Expenditures Transfers Out
Estimated
Fund Balance
Ju
ne 30, 2025
100 General Fund 58,503, 385 439,047 52,806,299 6,005,254 51,200,537 210 Gas Tax 3,521,786 - 830,000 450,000 2,413,112 220 Measure M2 1,858,677 - 178,012 1,500,000 320,000 250 AB 2766 - AQMD 87,500 - 100,000 - 94,475 253 Senior Transportation 130,000 - 170,500 - 405,978 255 Supplemental Law Enforc. 177,500 - 190,000 - 36,527 275 CDBG 430,355 - 114,100 229,343 - 287 Miscellaneous Grants 11,059,244 - 528,616 7,095,310 - 300 Capital Improvement Prog. - 15,279,907 15,675,869 - - 500 Vehicle Replacement ISF - - - 439,047 - 75,768,447 15,718,954 70,593, 396 15,718,954 54,470,629 *Includes $2.2 million Fiscal Year 2023-2024 surplus
SUMMARY OF SOURCES AND USES BY FUND
Totals
Completed Projects
Project Actuals Spent Status
Chapparosa Park Playground Replacement 895,587.26 Completed Crown Valley Park Interim Parking Lot 597,708.58 Completed La Paz Road Evaluation (Phases 1 and 2) 350,000.00 Completed La Plata Park Playground Replacement 161,687.41 Completed Marina Hills Park Playground Replacement 172,754.99 Completed City Council Chamber Improvements (Furniture & Carpet) 292,174.39 Completed Chapparosa Park Soccer Field Synthetic Turf Replacement 699,244.80 Completed Citywide Sports Field Grass Turf Rehabilitation Program 233,390.00 Completed Parks Modernization Project 788,794.66 Completed Residential Annual Resurfacing Program (Zones 3 and 4) 338,716.0 0 Completed Crown Valley Park Wi-Fi Project 208,238.95 Completed Crown Valley Parkway Landscape Improvements Design 63,052.50 Completed Sea Country Senior and Community Center Roof Replacement 68,082. 90 Completed Marina Hills Drive - Niguel Road to Golden Lantern 515,000.00 Completed La Paz Road Evaluation (Phase 3) 250,000.00 Completed Marina Hills Park Improvements (Phase 1) 100,000.00 Completed Traffic Signal Equipment Upgrades Program 75,000.00 Completed City Hall AV Equipment Upgrade Project 916,398.75 Completed Crown Valley Westbound Widening I-5 to Oso Creek 740,074.41 Completed Crown Valley Pkwy Traffic Signal Synch & TMC Improvements 15,970 .38 Completed Sub-Total 7,481,875.98
Project Budget Amount Spent to Date
Citywide VoIP Telephone System Upgrade 290,609.23 254,496.81 $ Marina Hills Park Improvements (Phase 2) 1,048,968.79 1,047,677.01 $ Sub-Total 1,339,578.02 1,302,173.82
Total available funds from the Act is $8,821,454 Total 8,821,454.00 8,784,049.80 In March 2021, the federal government passed the American Rescue Plan Act. The Act provides funding to local governments to combat the negative economic effects of the pandemic. The City received $8,821,454 from the Act.
All funds were contractually obligated by December 31, 2024 and must be spent by December 31, 2026. Below is a budget summary identifying the projects that will be funded by the funds received.
City of Laguna Niguel
American Rescue Plan Act 2021 - Budget Summary