HomeMy WebLinkAbout04-17-2025CITY OF PALM SPRINGS - SUMMARY OF MEASURE J FUNDS Item 8.E.
Audited Audited Unaudited Budget Budget ForecastFiscal Year Fiscal Year Fiscal Year Fiscal Year Forecast Fiscal Year Fiscal Year Fiscal Year
2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 2026-2027 2027-2028
Beginning Fund Balance 21,142,569$ 32,744,800$ 39,070,323$ 7,695,776$ 7,695,776$ 8,397,686$ 8,393,005$ 11,154,930$
Measure J Sales Tax Revenue 22,202,207 21,942,491 21,356,835 11,714,813 21,500,000 21,822,500 22,149,838 22,482,085
Interest Income/Unrealized Gain/Loss (445,703) 348,226 1,083,475 658,733 500,000 500,000 500,000 500,000
Miscellaneous Revenue 13,955 436,028
Total Revenues 21,770,458 22,290,717 22,876,338 12,373,546 22,000,000 22,322,500 22,649,838 22,982,085
Existing Budget Obligations:
Multi-Year Projects:
Street Repairs 5,983,348 7,017,207 4,042,288 6,617,970 9,000,000 9,000,000 9,000,000
Community Initated Projects 13,275 - - 1,000,000 1,000,000 1,000,000
Airport Reserve on Aviation Fuel Sales per FAA - - 516,594 16,768 500,000 500,000 500,000 500,000
Total Multi-Year Projects (Subtotal)5,996,622 7,017,207 4,558,883 16,768 7,117,970 10,500,000 10,500,000 10,500,000
Other Approved Projects and Expenses:
Debt Service (Downtown Revitalization Project)1,402,832 3,138,500 3,133,700 3,133,620 3,135,806 3,137,913 3,135,650
Debt Service (Library)2,100,000
Debt Service (Fire Station #1)
Debt Service (Convention Center)
Downtown Maintenance, Landscaping & Security 599,309 607,727 683,698 119,980 400,000
Transfer Out to Other Funds (PD Radios & Plaza Theatre)- 2,000,000
Expenditures 2,169,464 -
Adopted Capital Projects FY24-25 Expenditures - 3,201,760 11,043,138 4,561,761 8,796,500 7,691,375 5,250,000 -
Cont Appropriations (Carryover) - Community Initiated Prjts - 3,400,000 80,469
Cont Appropriations (Carryover) - Capital Projects 31,423,034 4,344,629
Project Cost Over Runs 1,000,000 1,000,000 1,000,000 1,000,000
Parks and Recreation (Cap Prj Cost Over Runs)750,000
Project Completion Marketing and Communication 8,432 21,906 100,000
Total Expenditures 10,168,227 15,965,194 54,250,885 9,145,512 21,298,090 22,327,181 19,887,913 16,735,650
Surplus/Deficit 11,602,231 6,325,523 (31,374,547) 3,228,033 701,910 (4,681) 2,761,925 6,246,435
Fund Balance Restricted for Measure J Capital 31,649,800 37,775,323 5,207,768 8,452,569 5,409,678 4,904,997 7,166,921 12,913,356
Fund Balance Restricted for Airport Projects 1,095,000 1,295,000 2,488,009 2,471,241 2,988,009 3,488,009 3,988,009 4,488,009
Total Fund Balance 32,744,800 39,070,323 7,695,776 10,923,809 8,397,686 8,393,005 11,154,930 17,401,365
* Note: Effective December 8, 2017, per a Federal Aviation Administration ruling, the City is required to set aside Measure J sales taxes collected on aviation fuel sales for airport project expenses.
Page 1 of 4 MEASURE J OVERSIGHT COMMISSION MEETING OF APRIL 17, 2025
Item 8.E.
CITY OF PALM SPRINGS - Department of Finance
Measure J Summary
Project
Number Project Name Status Project Owner Balance
06/30/24
FY24-25
Budget
Transfers between
Projects
FY24-25
Expenditures
Remaining
Balance
FY25-26
Budget
FY25-26
Expenditures
Remaining
Balance FY26-27 Budget FY26-27
Expenditures Remaining Balance
16-08 MAIN LIBRARY RENOVATIONS/JC FREY BUILDING Contract Awarded - Under Design Engineering 8,168,416 1,000,000 403,654 8,764,762 8,764,762 8,764,762
18-06 VICTORIA RTHHRDY RESTROOMS Design in process Engineering 1,585,133 3,050 1,582,083 1,582,083 1,582,083
18-09 FIRE TRAINING FACILITY Not Started/tied in with Fire Station No. 1 Engineering - - - -
18-10 DOWNTOWN SFTY BOLLARD PH2 PD and City Staff will start this project soon Engineering - 500,000 500,000 941,375 1,441,375 1,441,375
24-52 DOWNTOWN AMPITHEATRE Recommended to Ad Hoc Committee Parks and Rec 754,000 754,000 754,000 754,000
19-16 PD 911 CAD RMS Legal Issues, RFP stalled Police 2,750,000 49,973 2,700,027 2,700,027 2,700,027
19-23 KEYLESSS ENTRY PHASE 2 Implementation starting, Fire Station 4 will be first Information Technology 854,348 854,348 854,348 854,348
19-24 DEMUTH PARK ADA ACCESS PH2 Combined with 21-16 RFP Awarded under design Engineering 1,895,569 1,777 1,893,793 1,893,793 1,893,793
19-25 LIFE SAFETY IMPRV FIRE SPRKLR Scope Development Public Works 1,400,000 500,000 1,900,000 1,900,000 1,900,000
19-26 EMERGENCY GENERATORS CITYFAC Scope Development Public Works 1,977,500 1,977,500 1,977,500 1,977,500
19-27 HVAC CITY WATER TREATMENT PRGM Not Started/Public Works Public Works 789,750 789,750 789,750 789,750
19-28 RECREATIONAL LED LIGHTING UPGR Completed (one punch list item remains)Engineering 1,134,134 197,004 937,130 937,130 937,130
19-36 TMC & SIGNAL TIMING OPTIMIZATION Engineering 0 0 0 0
20-03 PALM CYN INDIAN ROUNDABOUT Project Canceled Engineering - 249 (249) (249) (249)
20-04 SUNRISE PLAZA HVAC IMPROVEMENTS Not Started/Public Works Public Works 1,050,000 696,500 1,746,500 1,746,500 1,746,500
21-16 DEMUTH DOG PARK Design 100% complete Engineering 202,000 202,000 202,000 202,000
21-17 ARNICO TRACT SEWER PHASE 4 Construction Complete Engineering - - -
22-11-2 PARK BENCHES In Process Parks and Rec - - -
22-11-3 PAVILION LANDSCAPING Completed Parks and Rec - - -
22-19 RELOCATE FIRE STATION 1 RFP being worked for site location Engineering with Fire Dept 416,076 3,600,000 (3,600,000) 43,146 372,930 372,930 372,930
N/A 260.2 DOWNTOWN MAINT. UNALLOCATED (NO PROJECT)Last year to budget this item - operating expense Finance 400,000 119,980 280,020 280,020 280,020
22-20 COMMUNITY INITIATED PROJECTS (detail on next page)
In Process Engineering 3,400,000 6,000,000 80,469 9,319,531 1,000,000 9,319,531 1,000,000 10,319,531
22-21 PEDESTRIAN STREETS MASTER PLAN Two Projects under Preliminary Design (Racquet Club/S.Palm)Engineering 980,248 500,000 104,768 1,375,480 750,000 2,125,480 750,000 2,875,480
22-24 PICKLEBALL COURTS
Bidding Februray 17, 2025 Engineering/Parks and Rec 671,161 2,000,000 87,751 2,583,411 2,583,411 2,583,411
22-26 SAN RAFAEL DRIVE TURF CONVERSION Conceptual Design in Process with Kimly Horn Public Works with Sustainability 150,000 10,150 139,850 139,850 139,850
22-37-1 AIRP RES-FUEL FAA Open Airport 500,000 16,768 2,971,241 500,000 2,971,241 500,000 3,471,241
PAVING ANNUAL PAVING REHABILITATION Completed Engineering 4,957,712 6,000,000 4,344,629 6,613,083 9,000,000 6,613,083 9,000,000 15,613,083
18-04 PLAZA THEATER Under Construction Engineering 3,600,000 3,600,000 - - -
17-07 NPC PEDESTRIAN ENHANCEMENTS Completed Engineering 905,675 905,675 905,675 905,675
15-07 DOWNTOWN PARK PROJECT Completed (Mechanical Room update for fountain ongoing)Engineering 781,311 60,239 721,072 721,072 721,072
New Swim Center Renovation 4,000,000 4,000,000 3,000,000 7,000,000
New In ground pedestrian system replacement - new standards 2,000,000 2,000,000 1,500,000
MARKETING COMMUNICATIONS Operating expense for Measure J promotion Communications/Finance 100,000 21,906 78,094 78,094 78,094
SUBTOTAL 34,823,034$ 21,796,500$ -$ 9,145,512$ 49,962,030$ 18,191,375$ -$ 57,653,405$ 15,750,000$ -$ 69,903,405$
Measure J Interfund Items
DEBT Measure J Debt Service (current year's figures only)
N/A 3,133,620 3,135,806 3,137,913
SUBTOTAL 3,133,620$ -$ -$ 3,135,806$ -$ -$ 3,137,913$ -$ -$
TOTAL 24,930,120$ -$ 9,145,512$ 49,962,030$ 21,327,181$ -$ 57,653,405$ 18,887,913$ -$ 69,903,405$
Project Cost Overruns 1,000,000 1,000,000 1,000,000
Parks and Rec Project Cost Overruns 750,000
GRAND TOTAL 26,680,120$ -$ 9,145,512$ 49,962,030$ 22,327,181$ -$ 57,653,405$ 19,887,913$ -$ 69,903,405$
Page 2 of 4 MEASURE J OVERSIGHT COMMISSION MEETING OF APRIL 17, 2025
Item 8.E.
CITY OF PALM SPRINGS - Department of Finance
Measure J Community Initiated Projects (Proj. 22-20)
Fiscal Year 2025-26 and Fiscal Year 2026-27 Budget
Number Name Status Project Owner FY22-23
Budget
FY22-23
Expenditures
FY23-24
Expenditures
FY24-25
Expenditures Carryover Budget FY25-26
Budget
FY25-26
Expenditures
FY25-26 Budget
Overages
FY26-27
Budget
Remaining
Balance
2 Playground at Victoria Park Completed Public Works 58,000 6,119 51,881 51,881
4 Add 4 New Pieces of Exercise Equipment at Desert Highland Park In Process Parks and Rec 71,775 71,775 71,775
5 Hiking Trail Maintenance and Trailhead Signage Planning Parks and Rec 145,000 145,000 145,000
6 Shade Structures at Animal Shelter Completed Engineering 280,500 152,961 127,539 127,539
7 Demuth Dog Park Upgrades to address immediate needs Completed Engineering 362,500 77,484 111,662 40,826 132,528 132,528
8 Swim Center Locker Rooms & Fencing between Pool & Pavillion Design in Process (Schematic Design Complete)Engineering 232,000 78,486 46,406 28,992 78,116 78,116
9 Palm Canyon Theatre Maintenance Repairs Conceptual Design in Process Public Works 280,575 10,651 269,924 269,924
Unused carryover budget from prior years 1,323,237 1,323,237
13 Desert Aids Center Trees Installation New Project Grant 30,515 30,515
14 Boys and Girls Club of PS - Repair/Replace Exterior Block Wall New Project Grant 500,000 500,000
15 Security System at Frances Stevens School New Project Grant 10,909 10,909
16 Mizell Center Solar Canopies New Project Grant 500,000 500,000
17 Palm Springs Art Museum Elevator Replacement New Project Grant 366,300 366,300
18 Baristo Park Improvements New Project Grant 537,210 537,210
19 Solar Installation for Palm Springs Woman's Club New Project Grant 33,000 33,000
20 Eisenhower PS Cancer Infusion Center and Cardiology Center New Project Grant 499,810 499,810
21 Tahquitz Creek Trail Master Plan Implementation New Project Grant 690,000 690,000
22 DAC Attic Insulation and Installation New Project Grant 10,300 10,300
23 4 New Free Little Libraries in Movie Colony East New Project Grant 2,816 2,816
24 The Center - Solar Shade Structure and Rainibow Bike Racks New Project Grant 275,000 275,000
25 Palm Springs Stadium Deferred Maintenance New Project Public Works/Parks & Rec 841,000 841,000
26 Dog Play Areas Shade Structure Installation New Project Parks and Rec 173,026 173,026
27 Park Workout Health and Wellness Permanent Space New Project Parks and Rec 547,936 547,936
28 Access Improvements (parking lot exit)New Project 206,500 206,500
Additional Projects not yet approved 775,678 775,678
Budget Overages 1,200,000 1,200,000
2,200,000 7,200,000 - - 9,400,000
FY26 Set Aside 1,000,000 1,000,000
FY27 Set Aside 1,000,000 1,000,000
Community Initiated Project Total 2,200,000 8,200,000 1,000,000 11,400,000
Page 3 of 4 MEASURE J OVERSIGHT COMMISSION MEETING OF APRIL 17, 2025
Item 8.E.
Cash
Received
Sales
Month 2022 2023 2024 2025 % Decrease
from FY24
% Decrease/Increase
from FY23
September July 1,822,150 1,540,230 1,487,482 1,467,451 -1.3%-4.7%
October August 1,581,219 1,377,998 1,328,321 1,289,672 -2.9%-6.4%
November September 1,168,760 1,605,136 1,346,698 1,294,060 -3.9%-19.4%
December October 1,647,727 1,859,813 1,817,484 1,988,659 9.4%6.9%
January November 1,596,592 1,652,208 1,604,673 1,569,146 -2.2%-5.0%
February December 2,427,595 2,243,210 1,905,261 1,975,135 3.7%-12.0%
March January 1,610,555 2,047,619 2,048,288 2,130,689 4.0%4.1%
YTD 11,854,599 12,326,214 11,538,208 11,714,813 1.5%-5.0%
April February 1,470,266 1,634,560 2,175,885
May March 2,969,057 2,627,922 2,022,367
June April 1,876,707 1,826,741 1,952,939
Accrued May 1,835,468 1,874,810 1,808,378
Accrued June 2,196,109 1,652,244 1,859,058
Total 22,202,207 21,942,491 21,356,835
MEASURE J
Page 4 of 4 MEASURE J OVERSIGHT COMMISSION MEETING OF APRIL 17, 2025