HomeMy WebLinkAboutMeasure J Commission - PresentationCity of Palm Springs
FISCAL YEAR 2023-24 AND 2024-25
MEASURE J FUND DRAFT BUDGET REVIEW
JUNE 5, 2023
Joint Meeting - Page 1
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City of Palm Springs
Measure J FY24 & FY25 Budget Revi ew
Year-End Adopted Forecast Proposed Proposed
Final Audited Budget Fiscal Year Budget Budget
2021-2022 2022-2023 2022-2023 2023-2024 2024-2025
Beginning Fund Balance 21,142,569$ 32,744,800$ 32,744,800$ 6,308,265$ 4,826,113$
Measure J Sales Tax Revenue 22,202,207 20,352,400 22,228,489 22,520,046 23,405,226 Interest Income/Unrealized Gain/Loss (445,703) 287,762 250,000 250,000
Miscellaneous Revenue 13,955
Total Revenues 21,770,458 20,352,400 22,516,251 22,770,046 23,655,226
Existing Budget Obligations:
Multi-Year Projects:
Street Repairs 5,983,348 6,000,000 6,000,000 9,000,000 6,000,000
Community Initated Projects 13,275 3,000,000 972,580 1,000,000 1,000,000
Airport Reserve on Aviation Fuel Sales per FAA - 200,000 200,000 200,000 200,000
Total Multi-Year Projects (Subtotal)5,996,622 9,200,000 7,172,580 10,200,000 7,200,000
Other Approved Projects and Expenses:
Debt Service (Downtown Revitalization Project)1,402,832 3,138,500 3,138,500 3,133,279 3,133,620
Downtown Maintenance, Landscaping & Security 599,309 1,099,735 667,935 650,000 400,000
Transfer Out to Other Funds - 2,000,000 2,000,000 - - Expenditures 2,169,464 - - -
Adopted Capital Projects FY22-23 Expenditures - 17,396,150 7,041,961 8,768,920 6,996,500
Cont Appropriations (Carryover)- 12,884,164 26,904,390 - -
Cont Appropriations (Carryover) - CIP 2,027,420
Project Cost Over Runs 1,000,000 1,000,000
Parks and Recreation (Cap Prj Cost Over Runs)500,000 500,000
Total Expenditures 10,168,227 45,718,549 48,952,786 24,252,199 19,230,120
Net Change 11,602,231 (25,366,149) (26,436,535) (1,482,153) 4,425,106
Fund Balance Restricted for Measure J Capital 31,649,800 6,083,651 5,013,265 3,331,113 7,556,219
Fund Balance Restricted for Airport Projects 1,095,000 1,295,000 1,295,000 1,495,000 1,695,000
Total Fund Balance 32,744,800 7,378,651 6,308,265 4,826,113 9,251,219
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City of Palm Springs
Measure J FY24 & FY25 Budget Revi ew
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City of Palm Springs
Measure J FY24 & FY25 Budget Revi ew
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City of Palm Springs
Measure J FY24 & FY25 Budget Revi ew
•12 of the top 15 projects (by budget) are projected to be completed by the end of FY25
•A projected total spend of $43.6 million to complete the 12 projects over the next 2 fiscal years
•1 new project added in FY24. A structure located at the City Yard to house vehicles that have been impounded. Total project budget is
$754,000 to be completed in FY25 (not shown above)
MEASURE J FUND Estimated
Balance
Project Number Project Name Status Balance
06/30/23
FY23-24
Budget
FY23-24
Expenditures
FY24-25
Budget
FY24-25
Expenditures
Remaining
Balance
PAVING ANNUAL PAVING REHABILITATION Completed 3,000,000 6,000,000 9,000,000 6,000,000 6,000,000 -
16-08 MAIN LIBRARY RENOVATIONS RFP Design Services 4,138,339 2,921,400 1,000,000 7,059,739 1,000,000
22-19 RELOCATE FIRE STATION 1 Not Started 1,600,000 - 500,000 3,600,000 4,700,000
19-28 RECREATIONAL LED LIGHTING UPGR Construction 4,702,213 4,702,213 -
22-20 COMMUNITY INITIATED PROJECTS (detail on next page)In Process 2,027,420 1,000,000 328,920 1,000,000 3,698,500
19-16 PD 911 CAD RMS Open 1,671,980 1,078,020 750,000 2,000,000 -
19-26 EMERGENCY GENERATORS CITYFAC Not Started 1,200,000 777,500 1,977,500 -
19-25 LIFE SAFETY IMPRV FIRE SPRKLR Not Started 900,000 500,000 500,000 1,900,000 -
20-04 SUNRISE PLAZA HVAC IMPROVEMENTS Not Started 400,000 650,000 696,500 1,746,500 -
22-37-1 AIRP RES-FUEL FAA Open 1,295,000 200,000 200,000 1,695,000
19-24 DEMUTH PARK ADA ACCESS PH2 RFP Design Services 595,714 1,000,000 478,714 1,117,000 -
18-06 VICTORIA RTHHRDY RESTROOMS Not Started 1,220,000 366,000 120,000 1,466,000 -
22-21 PEDESTRIAN STREETS MASTER PLAN Scope Development 500,000 500,000 500,000 500,000 1,000,000 -
18-09 FIRE TRAINING FACILITY Not Started 1,150,000 345,000 345,000 1,150,000 -
19-18 JC FREY BUILDING REHAB Combined - 1,131,000 1,131,000 -
20-03 PALM CYN INDIAN ROUNDABOUT Under Design 334,487 520,000 300,000 200,000 754,487
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City of Palm Springs
Measure J FY24 & FY25 Budget Revi ew
CITY OF PALM SPRINGS
Department of Finance
Measure J Community Initiated Projects (Proj. 22-20)
Fiscal Year 2023-24 and Fiscal Year 2024-25 Budget
Number Name Status FY22-23 Budget FY22-23
Expenditures
FY23-24
Expenditures
FY24-25
Expenditures
Remaining
Balance
1 Drainage at the boys and Girls Club Bid in Process 72,500$ 6,080$ 66,420 -$
2 Shade Structure over the playground at Victoria Park In process 58,000 - 58,000 -
3 Fencing between the Pool and Pavillion Design in Process 87,000 40,000 47,000 -
4 Repair Existing Exercise Equipment at Desert Highland Park Not Started 32,625 - 32,625
5 Add 4 New Pieces of Exercise Equipment at Desert Highland Park Not Started 71,775 - 71,775
6 Hiking Trail Maintenance and Trailhead Signage Not Started 145,000 - 145,000
7 Shade Structures at Animal Shelter Award Contract 280,500 280,500 -
8 Demuth Dog Park Upgrades to address immediate needs RFP in Process 362,500 362,500 -
9 Resurfacing the Walking Path at Desert Highland Park Pending a quote 72,500 - 72,500 -
10 Swim Center Locker Rooms Design in Process 145,000 60,000 85,000 -
11 Palm Canyon Theatre Maintenance Repairs Agreement in Process 280,575 - 280,575
12 Visitor Center Up Lighting Completed 43,500 43,500 -
13 Wellness Centers and Local Schools (4 schools)Check Issued 100,000 100,000 -
14 School Gardens at Local Schools (4 schools)Check Issued 80,000 80,000 -
SUBTOTAL 1,831,475$ 972,580$ 328,920$ -$ 529,975$
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