CITY OF POMONA
COUNCIL REPORT
April 3, 2023
To: Honorable Mayor and Members of the City Council
From: James Makshanoff, City Manager
Submitted By: Chris Diggs, Water Resources Director
Rene Guerrero, Public Works Director
SUBJECT: ADOPT A RESOLUTION AMENDING THE FY 2022-23 CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET BY RELEASING AND UNAPPROPRIATING $22,617 OF SERIES “BE/BF” WATER BOND PROCEEDS FUNDS FROM CIP “STREET PRESERVATION – LOCAL CITYWIDE (FY 19-20),” PROJECT NO. 428-2590-XXXXX-68561 RECOMMENDATION:
It is recommended that the City Council adopt the following resolution:
RESOLUTION NO. 2023-47 – A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POMONA, CALIFORNIA, AMENDING THE FY 2022-23 CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET BY RELEASING AND UNAPPROPRIATING $22,617 OF SERIES “BE/BF” WATER BOND PROCEEDS FUNDS FROM CIP “STREET PRESERVATION – LOCAL CITYWIDE (FY 19-20),” PROJECT NO. 428-2590-XXXXX-68561 EXECUTIVE SUMMARY:
With the completion of “Street Preservation – Local Citywide (FY 19-20),” Project No. 428-2590-XXXXX-68561, there is currently a balance of $22,617 of Series “BE/BF” Water Bond Proceeds. Approval of this action will release these funds so they may be used for other eligible work.
FISCAL IMPACT:
Approval of this action will reduce the FY 2022-23 Capital Improvement Program budget for “Street Preservation – Local Citywide (FY 19-20),” Project No. 428-2590-XXXXX-68561, as shown in the table below:
Street Preservation – Local Citywide (FY19-20)
Project No. 428-2590-XXXXX-68561
Current Budget
$2,461,543
Unappropriation of Series “BE/BF” Water Bond Proceeds
($22,617)
Revised Budget
$2,438,926
Expenses/Encumbrances as of March 8, 2023
($2,391,344)
Remaining Available Budget
$47,582
PREVIOUS RELATED ACTION:
On August 3, 2020, City Council adopted Resolution No. 2020-117 to amend the FY 2020-21 CIP Budget by appropriating $74,669 of available Series “BE/BF” Water Bond Proceeds to the “Street Preservation – Local Citywide (FY 19-20),” Project No. 428-2590-XXXXX-68561.
DISCUSSION:
A previous resolution to appropriate $74,669 of available Series “BE/BF” Water Bond Proceeds to “Street Preservation – Local Citywide (FY 19-20),” Project No. 428-2590-XXXXX-68561 (Project) was adopted in August 2020. These funds were used for completing pavement restoration because of various water pipeline repair patches. Of the funds provided for the eligible scope of work, $52,052 was expended, leaving a balance of $22,617. The street pavement repairs intended for this funding, as part of this Project, have been completed in various locations throughout the City. Therefore, it is recommended that the balance of Series “BE/BF” Water Bond Proceeds Funds be released back to the fund so they may be used for future eligible work.
COUNCIL PRIORITIES AND GOALS:
This item supports the following 21-22 City Council Priorities and Goals: Goal P: Improve condition of streets, alleys, and associated sidewalks.
Prepared by:
Stephanie Carbajal
Program Assistant, Public Works
ATTACHMENT:
Attachment No. 1 – Resolution No. 2023-47
Amend the FY 22-23 CIP Budget for “Street Preservation – Local Citywide (FY19-20),” Project No. 428-2590-XXXXX-68561