HomeMy WebLinkAbout02-15-2024Year-End Audited YTD Adopted Adopted
Final Audited Fiscal Year Fiscal Year Budget Budget
2021-2022 2022-2023 2023-2024 2023-2024 2024-2025
Beginning Fund Balance 21,142,569$ 32,744,800$ 8,803,155$ 6,308,265$ 3,476,113$
Measure J Sales Tax Revenue ***22,202,207 21,942,491 7,584,659 22,520,046 23,405,226
Interest Income/Unrealized Gain/Loss (445,703) 348,226 416,187 250,000 250,000
Miscellaneous Revenue 13,955
Total Revenues 21,770,458 22,290,717 8,000,846 22,770,046 23,655,226
Existing Budget Obligations:
Multi-Year Projects:Street Repairs 5,983,348 7,017,207 63,793 9,000,000 6,000,000 Community Initated Projects 13,275 451,967 336,640 2,000,000 6,000,000 Airport Reserve on Aviation Fuel Sales per FAA - - 200,000 200,000 200,000
Total Multi-Year Projects (Subtotal)5,996,622 7,469,174 600,434 11,200,000 12,200,000
Other Approved Projects and Expenses:
Debt Service (Downtown Revitalization Project)1,402,832 3,138,500 1,566,850 3,133,279 3,133,620
Downtown Maintenance, Landscaping & Security 599,309 607,727 362,316 650,000 400,000 Transfer Out to Other Funds (PD Radios & Plaza Theatre)- 2,000,000 - -
Expenditures 2,169,464 - - -
Adopted Capital Projects FY22-23 Expenditures - 2,749,793 5,144,989 8,768,920 6,996,500 Cont Appropriations (Carryover)**- 27,719,136 - -
Cont Appropriations (Carryover) - CIP**2,548,033
Project Cost Over Runs 1,000,000 1,000,000 Parks and Recreation (Cap Prj Cost Over Runs)750,000 750,000
Project Completion Marketing and Communication 100,000 100,000 -
Total Expenditures 10,168,227 46,232,363 7,674,588 25,602,199 24,580,120
- Net Change 11,602,231 (23,941,646) 326,258 (2,832,153) (924,894)
-
Fund Balance Restricted for Measure J Capital 31,649,800 7,508,155 7,634,413 1,981,113 856,219
Fund Balance Restricted for Airport Projects 1,095,000 1,295,000 1,495,000 1,495,000 1,695,000
Total Fund Balance 32,744,800 8,803,155 9,129,413 3,476,113 2,551,219
* 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.** Number is Un-Audited*** Sales Tax is down 6%, or $403,192 from Prior Year
City of Palm Springs
Summary of Measure J Funds
Budget
CITY OF PALM SPRINGS
Department of Finance
Measure J Summary
Project Number Project Name Status Project Owner Balance
06/30/23
FY23-24
Budget
Transfers
between
Projects
FY23-24
Expenditures
(Actual)
Balance
Remaining
16-08 MAIN LIBRARY RENOVATIONS Contract Awarded - Under Design Engineering 4,138,339 2,921,400 9,607 7,050,132
18-06 VICTORIA RTHHRDY RESTROOMS Not Started Engineering 1,220,000 366,000 1,586,000
18-09 FIRE TRAINING FACILITY Not Started/tied in with Fire Station No. 1 Engineering 1,150,000 345,000 (1,495,000) -
18-10 DOWNTOWN SFTY BOLLARD PH2 On Hold Engineering - -
Set Aside for the Downtown Ampitheatre Recommended to Ad Hoc Committee Parks and Rec 754,000 754,000
19-16 PD 911 CAD RMS RFP to be issued soon Police 1,671,980 1,078,020 2,750,000
19-18 JC FREY BUILDING REHAB Combined/Contract Awarded Engineering - 1,131,000 1,131,000
19-23 KEYLESSS ENTRY PHASE 2 Scope Development/IT Dept Information Technology 203,348 651,000 854,348
19-24 DEMUTH PARK ADA ACCESS PH2 Combined with 21-16 RFP Awarded under design Engineering 595,714 1,000,000 63 1,595,651
19-25 LIFE SAFETY IMPRV FIRE SPRKLR Scope Development Public Works 900,000 500,000 1,400,000
19-26 EMERGENCY GENERATORS CITYFAC Scope Development Public Works 1,200,000 777,500 1,977,500
19-27 HVAC CITY WATER TREATMENT PRGM Not Started/Public Works Public Works 607,500 607,500
19-28 RECREATIONAL LED LIGHTING UPGR Under Construction completion in April 24 Engineering 4,702,213 3,397,101 1,305,111
20-03 PALM CYN INDIAN ROUNDABOUT Under Design - 75% complete working on Right of way acquisition Engineering 334,487 520,000 33,629 820,859
20-04 SUNRISE PLAZA HVAC IMPROVEMENTS Not Started/Public Works Public Works 400,000 650,000 1,050,000
21-16 DEMUTH DOG PARK Under design (20% complete)Engineering 202,000 202,000
21-17 ARNICO TRACT SEWER PHASE 4 Construction Complete Engineering 684,950 574,665 110,285
22-11-2 PARK BENCHES In Process Parks and Rec 10,000 10,000
22-11-3 PAVILION LANDSCAPING Completed Parks and Rec 10,000 10,000
22-19 RELOCATE FIRE STATION 1 RFP being worked for site location Engineering with Fire Dept 1,600,000 - (805,000) 85,278 709,723
N/A 260.2 DOWNTOWN MAINT. UNALLOCATED (NO PROJECT)Open Engineering - 650,000 362,316 287,685
22-20 COMMUNITY INITIATED PROJECTS (detail on next page)In Process Engineering 2,548,033 2,000,000 (1,600,000) 336,640 2,611,392
22-21 PEDESTRIAN STREETS MASTER PLAN Scope Development/will start being worked soon Engineering 500,000 500,000 1,000,000
22-24 PICKLEBALL COURTS Under Design Engineering 150,000 575,000 27,607 697,393
22-25-1 DOWNTOWN PROJECT-DSRTFASHIONPLAZA Open Clean Up 8,863 8,863
22-26 SAN RAFAEL DRIVE TURF CONVERSION On Hold/sustainablility and public works Public Works with Sustainability 150,000 150,000
22-32-1 PROPERTY MAINTENANCE/LANDSCAPE Open Clean Up 95,121 95,121
22-37-1 AIRP RES-FUEL FAA Open Airport 1,295,000 200,000 200,000 1,295,000
PAVING ANNUAL PAVING REHABILITATION Bidding - Award in February for Construction Engineering 3,000,000 6,000,000 63,793 8,936,207
18-04 PLAZA THEATER Contract Awarded - Construction to begin soon Engineering 38,872 3,900,000 15,690 3,923,182
14-20 OTHER On Hold Clean Up 8,582 - 8,582
17-07 NPC Pedestrian Enhancements Ongoing Engineering 1,425,515 487,622 937,893
15-07 DOWNTOWN PARK PROJECT Completed - Settling Engineering 1,087,325 513,725 573,600
Remaining Project Clean Up Clean Up 329,326 - 329,326
SUBTOTAL 30,267,169$ 20,618,920$ -$ 6,107,737$ 44,778,351$
Measure J Interfund Items
DEBT Measure J Debt Service (current year's figures only)N/A - 3,133,279 1,566,850
SUBTOTAL -$ 3,133,279$ 1,566,850$
TOTAL 30,267,169$ 23,752,199$ 7,674,588$
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 Project Owner FY22-23 Budget FY22-23
Expenditures
FY23-24
Expenditures
FY24-25
Expenditures
Remaining
Balance
1 Drainage at the boys and Girls Club Completed Engineering 72,500$ 72,497$ 196,915 (196,913)$
2 Shade Structure over the playground at Victoria Park In process/with Public Works Public Works 58,000 58,000
3 Fencing between the Pool and Pavillion Design in Process/together with Locker Rooms Engineering -
4 Repair Existing Exercise Equipment at Wellness Park Completed**Parks and Rec 32,625 32,625
5 Add 4 New Pieces of Exercise Equipment at Desert Highland Park In Process Parks and Rec 71,775 71,775
6 Hiking Trail Maintenance and Trailhead Signage Planning Parks and Rec 145,000 145,000
7 Shade Structures at Animal Shelter In Construction - Completion March 1, 2024 Engineering 280,500 5,349 275,151
8 Demuth Dog Park Upgrades to address immediate needs Shade Structure Completed Engineering 362,500 77,484 110,203 174,813
9 Resurfacing the Walking Path at Desert Highland Park Completed***Parks and Rec 72,500 72,500
10 Swim Center Locker Rooms & Fencing between Pool & Pavillion Design in Process Engineering 232,000 78,486 24,173 129,341
11 Palm Canyon Theatre Maintenance Repairs Scope Development Public Works 280,575 280,575
12 Visitor Center Up Lighting Completed Engineering 43,500 43,500 -
13 Wellness Centers and Local Schools (4 schools)Check Issued None 100,000 100,000 -
14 School Gardens at Local Schools (4 schools)Check Issued None 80,000 80,000 -
SUBTOTAL 1,831,475$ 451,967$ 336,640$ -$ 1,042,867$