HomeMy WebLinkAbout06-25-2024Item 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$ 9,235,796$ 6,308,265$ 3,476,113$
Measure J Sales Tax Revenue ***22,202,207 21,942,491 16,026,286 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 16,442,473 22,770,046 23,655,226
Existing Budget Obligations:
Multi-Year Projects:
Street Repairs 5,983,348 7,017,207 1,877,950 9,000,000 6,000,000
Community Initated Projects 13,275 484,592 494,941 2,000,000 6,000,000
Airport Reserve on Aviation Fuel Sales per FAA - - 500,000 200,000 200,000
Total Multi-Year Projects (Subtotal)5,996,622 7,501,799 2,872,891 11,200,000 12,200,000
Other Approved Projects and Expenses:
Debt Service (Downtown Revitalization Project)1,402,832 3,138,500 2,350,275 3,133,279 3,133,620
Downtown Maintenance, Landscaping & Security 599,309 607,727 586,549 650,000 400,000
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 6,613,623 8,768,920 6,996,500
Cont Appropriations (Carryover)**- 27,319,119 - -
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 45,799,721 12,423,339 25,602,199 24,580,120 -
Surplus/Deficit 11,602,231 (23,509,004) 4,019,135 (2,832,153) (924,894) -
Fund Balance Restricted for Measure J Capital 31,649,800 7,940,796 10,584,075 1,981,113 856,219
Fund Balance Restricted for Airport Projects 1,095,000 1,295,000 2,670,856 1,495,000 1,695,000
Total Fund Balance 32,744,800 9,235,796 13,254,931 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 COMMISSION MEETING OF JUNE 25, 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 20,216 7,039,523
18-06 VICTORIA RTHHRDY RESTROOMS Not Started Engineering 1,220,000 366,000 701 1,585,299
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 1,000,000 145 1,595,569
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 4,272,745 429,467
19-36 TMC & SIGNAL TIMING OPTIMIZATION Engineering 41,875 14,500 27,375
20-03 PALM CYN INDIAN ROUNDABOUT Under Design - 75% complete working on Right of way acquisition Engineering 334,487 520,000 108,822 745,665
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 684,950 690,612 (5,662)
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) 373,093 421,907
N/A 260.2 DOWNTOWN MAINT. UNALLOCATED (NO PROJECT)Open Engineering - 650,000 586,549 63,451
22-20 COMMUNITY INITIATED PROJECTS (detail on next page)In Process Engineering 2,515,408 2,000,000 (1,600,000) 494,941 2,420,467
22-21 PEDESTRIAN STREETS MASTER PLAN Scope Development/will start being worked soon Engineering 500,000 500,000 7,529 992,471
22-24 PICKLEBALL COURTS Receiving Community Input Engineering/Parks and Rec 150,000 575,000 49,745 675,255
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 1,295,000 200,000 500,000 995,000
PAVING ANNUAL PAVING REHABILITATION Bidding - Award in February for Construction Engineering 3,000,000 6,000,000 1,877,950 7,122,050
18-04 PLAZA THEATER Contract Awarded - Construction to begin soon Engineering 38,872 3,900,000 249,660 3,689,212
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 29,834,527$ 20,618,920$ -$ 10,073,063$ 40,380,384$
Measure J Interfund Items
DEBT Measure J Debt Service (current year's figures only)N/A - 3,133,279 2,350,275
SUBTOTAL -$ 3,133,279$ 2,350,275$
TOTAL 29,834,527$ 23,752,199$ 12,423,339$
Page 2 of 3 MEASURE J OVERIGHT COMMISSION MEETING OF JUNE 25, 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$ 199,068 (199,065)$
2 Playground at Victoria Park In Construction Public Works 58,000 5,264 52,736
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 Engineering 280,500 139,948 140,552
7 Demuth Dog Park Upgrades to address
immediate needs Shade Structure Completed Engineering 362,500 77,484 111,462 173,554
8 Swim Center Locker Rooms & Fencing between
Pool & Pavillion Design in Process Engineering 232,000 78,486 39,198 114,316
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$ 494,941$ -$ 779,442$
Page 3 of 3 MEASURE J OVERSIGHT COMMISSION MEETING OF JUNE 25, 2024