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Home My WebLink About03-21-2024Item 7.A. Year-End Audited YTD Adopted AdoptedFinal Audited Fiscal Year Fiscal Year Budget Budget2021-2022 2022-2023 2023-2024 2023-2024 2024-2025 Beginning Fund Balance 21,142,569$ 32,744,800$ 9,277,671$ 6,308,265$ 3,476,113$ Measure J Sales Tax Revenue ***22,202,207 21,942,491 9,489,920 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 9,906,107 22,770,046 23,655,226 Existing Budget Obligations: Multi-Year Projects: Street Repairs 5,983,348 7,017,207 68,333 9,000,000 6,000,000 Community Initated Projects 13,275 484,592 346,794 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 7,501,799 615,127 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 599,309 607,727 413,081 650,000 400,000 Transfer Out to Other Funds (PD Radios & Plaza Theatre)- 2,000,000 - - Expenditures 2,169,464 - - - Adopted Capital Projects FY22-23 Expenditures - 2,717,168 5,384,573 8,768,920 6,996,500 Cont Appropriations (Carryover)**- 27,277,244 - - Cont Appropriations (Carryover) - CIP**2,515,408 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 45,757,846 7,979,631 25,602,199 24,580,120 - Net Change 11,602,231 (23,467,129) 1,926,476 (2,832,153) (924,894) - Fund Balance Restricted for Measure J Capital 31,649,800 7,982,671 9,709,147 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 9,277,671 11,204,147 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 Page 1 of 3 Measure J Oversight Commission Meeting of March 21, 2024 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 13,045 7,046,694 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-Complete by the end of year 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 3,534,036 1,168,177 20-03 PALM CYN INDIAN ROUNDABOUT Under Design - 75% complete working on Right of way acquisition Engineering 334,487 520,000 94,033 760,454 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 684,950 575,284 109,666 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) 118,436 676,564 N/A 260.2 DOWNTOWN MAINT. UNALLOCATED (NO PROJECT)Open Engineering - 650,000 413,081 236,919 22-20 COMMUNITY INITIATED PROJECTS (detail on next page)In Process Engineering 2,515,408 2,000,000 (1,600,000) 346,794 2,568,614 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 Receiving Community Input Engineering/Parks and Rec 150,000 575,000 32,278 692,723 22-26 SAN RAFAEL DRIVE TURF CONVERSION On Hold/sustainablility and public works Public Works with Sustainability 150,000 150,000 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 68,333 8,931,667 18-04 PLAZA THEATER Contract Awarded - Construction to begin soon Engineering 38,872 3,900,000 15,690 3,923,182 17-07 NPC Pedestrian Enhancements Ongoing Engineering 1,425,515 487,982 937,533 15-07 DOWNTOWN PARK PROJECT Completed - Settling Engineering 1,087,325 513,725 573,600 SUBTOTAL 29,792,652$ 20,618,920$ -$ 6,412,780$ 43,998,791$ 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 29,792,652$ 23,752,199$ 7,979,631$ Page 2 of 3 Measure J Oversight Commission Meeting of March 21, 2024 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$ 199,023 (199,020)$ 2 Shade Structure over the playground at Victoria Park In process/with Public Works Public Works 58,000 58,000 3 Repair Existing Exercise Equipment at Wellness Park Completed**Parks and Rec 32,625 32,625 - 4 Add 4 New Pieces of Exercise Equipment at Desert Highland Park In Process Parks and Rec 71,775 71,775 5 Hiking Trail Maintenance and Trailhead Signage Planning Parks and Rec 145,000 145,000 6 Shade Structures at Animal Shelter In Construction - Completion March 1, 2024 Engineering 280,500 5,406 275,094 7 Demuth Dog Park Upgrades to address immediate needs Shade Structure Completed Engineering 362,500 77,484 111,383 173,633 8 Resurfacing the Walking Path at Desert Highland Park Completed***Parks and Rec 72,500 72,500 9 Swim Center Locker Rooms & Fencing between Pool & Pavillion Design in Process Engineering 232,000 78,486 30,983 122,531 10 Palm Canyon Theatre Maintenance Repairs Scope Development Public Works 280,575 280,575 11 Visitor Center Up Lighting Completed Engineering 43,500 43,500 - 12 Wellness Centers and Local Schools (4 schools)Check Issued None 100,000 100,000 - 13 School Gardens at Local Schools (4 schools)Check Issued None 80,000 80,000 - SUBTOTAL 1,831,475$ 484,592$ 346,794$ -$ 1,000,089$ Page 3 of 3 Measure J Oversight Commission meeting of March 21, 2024