HomeMy WebLinkAbout04-18-2024 Item 7.A.
Year-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$ 9,277,671$ 6,308,265$ 3,476,113$
Measure J Sales Tax Revenue ***22,202,207 21,942,491 11,538,208 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 11,954,395 22,770,046 23,655,226
Existing Budget Obligations:
Multi-Year Projects:
Street Repairs 5,983,348 7,017,207 73,528 9,000,000 6,000,000
Community Initated Projects 13,275 484,592 352,590 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 7,501,799 626,117 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 599,309 607,727 469,501 650,000 400,000
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 5,408,032 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 8,070,500 25,602,199 24,580,120 -
Surplus/Deficit 11,602,231 (23,467,129) 3,883,895 (2,832,153) (924,894) -
Fund Balance Restricted for Measure J Capital 31,649,800 7,982,671 11,666,566 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 13,161,566 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
City of Palm Springs
Summary of Measure J Funds
Budget
Page 1 of 3 MEASURE J OVERSIGHT COMMISSON MEETING OF APRIL 18, 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 14,845 7,044,894
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 3,635,330 1,066,883
20-03 PALM CYN INDIAN ROUNDABOUT Under Design - 75% complete working on Right of way acquisition Engineering 334,487 520,000 105,450 749,038
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 684,950 573,454 111,496
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) 203,568 591,432
N/A 260.2 DOWNTOWN MAINT. UNALLOCATED (NO PROJECT)Open Engineering - 650,000 469,501 180,499
22-20 COMMUNITY INITIATED PROJECTS (detail on next page)In Process Engineering 2,515,408 2,000,000 (1,600,000) 352,590 2,562,818
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 33,778 691,223
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 73,528 8,926,472
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 1,425,515 519,840 905,675
15-07 DOWNTOWN PARK PROJECT Completed - Settling Engineering 1,087,325 306,014 781,311
SUBTOTAL 29,792,652$ 20,618,920$ -$ 6,503,649$ 43,907,922$
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$ 8,070,500$
Page 2 of 3 MEASURE J OVERSIGHT COMMISSION MEETING OF APRIL 18, 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$ 200,890 (200,888)$
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 5,511 274,989
7 Demuth Dog Park Upgrades to address immediate needs Shade Structure Completed Engineering 362,500 77,484 112,482 172,534
8 Swim Center Locker Rooms & Fencing between Pool & Pavillion Design in Process Engineering 232,000 78,486 33,706 119,808
9 Palm Canyon Theatre Maintenance Repairs Scope Development Public Works 280,575 280,575
10 Visitor Center Up Lighting Completed Engineering 43,500 43,500 -
11 Wellness Centers and Local Schools (4 schools)Check Issued None 100,000 100,000 -
12 School Gardens at Local Schools (4 schools)Check Issued None 80,000 80,000 -
SUBTOTAL 1,758,975$ 484,592$ 352,590$ -$ 921,793$
Page 3 of 3 MEASURE J OVERSIGHT COMMISSION MEEETING OF APRIL 18, 2024