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HomeMy WebLinkAboutID-2709-Storm-Drain-Oversight-Committee-Review-of-FY2011City of Palo Alto (ID # 2709) City Council Informational Report Report Type: Informational Report Meeting Date: 4/16/2012 April 16, 2012 Page 1 of 1 (ID # 2709) Council Priority: City Finances Title: Storm Drain Oversight Committee Expenditure Review Subject: Storm Drain Oversight Committee Review of FY2011 Storm Drainage Fund Expenditures From:City Manager Lead Department: Public Works Recommendation This is an informational report only and no Council action is required. Discussion The Council-appointed Storm Drain Oversight Committee (Committee) meets annually to review Storm Drainage Fund expenditures and ensure their consistency with the ballot measure approved by property owners in 2005. Attachment A is the memo submitted by the Committee presenting the findings from their review of Fiscal Year 2011 Storm Drainage Fund expenditures. The memo documents the Committee’s finding that the Fiscal Year 2011 expenditures are compatible with the provisions of the 2005 ballot measure. Courtesy copies:Storm Drain Oversight Committee Attachments: ·A -Storm Drain Oversight Committee Memo to City Council (PDF) Prepared By:Joe Teresi, Senior Engineer Department Head:J. Michael Sartor, Director City Manager Approval: James Keene, City Manager Storm Drain Oversight Committee MEMORANDUM Date: March 14, 2012 To: Honorable City Council From: Members of the Storm Drain Oversight Committee Subject: Review of FY 2010-11 Storm Drainage Fund Expenditures As directed by the City Council, we have reviewed the Storm Drainage Fund’s expenditures for fiscal year 2010-11. Specifically, we have reviewed the expenditure of the revenue generated by the increased Storm Drainage Fee and compared it with the provisions of the Storm Drainage Fee increase approved by Palo Alto property owners in 2005. Based on this review, we find that the Storm Drainage Fund’s use of the increased revenue is compatible with the approved ballot measure (including $194,427 which was used for storm drain operational expenses previously covered by the General Fund subsidy). The Committee met on March 14, 2012 to review the FY 2010-11 Storm Drainage Fund expenditures. During its meeting, the Committee reviewed financial information provided by staff, including the attached matrix detailing revenue generated by the Storm Drainage Fee increase and corresponding expenditures for FY 2010-11. The financial information was prepared and verified by Public Works and Administrative Services Department staff, using existing documentation whenever possible. Based upon our review of the financial materials provided to us, we find that the attached document labeled “Summary of Use of Storm Drainage Fee Increase for FY 2010-11” accurately summarizes the use of the revenue generated by the increased Storm Drainage Fee for FY 2010-11 and that the expenditures are compatible with the provisions of the Storm Drainage Fee increase ballot measure approved by Palo Alto property owners in 2005. Attachment cc: Jim Keene Pam Antil Mike Sartor Phil Bobel Lalo Perez Summary of Use of Storm Drainage Fee Increase for FY 2010-11 Line Item Storm Drainage Fees Carryover Expended Committed by Contract Remaining Appropriation Total Use of Funds Fee Increase Revenue SD Fee Increase $3,399,975 Capital Improvements and Program Enhancements A. One-time SD CIP Projects San Francisquito Creek Pump Station $117,982 $41,622 $46,139 $30,221 $117,982 Channing/Lincoln Storm Drain $1,404,287 $437,864 $1,442,783 $418,639 $2,299,286 Southgate Neighborhood Storm Drains $0 $0 $0 $0 $0 Gailen/Bibbits SD Improvements $0 $0 $0 $0 $0 Clara Drive SD Improvements $0 $0 $0 $0 $0 Matadero Creek Pump Station & Trunks $0 $0 $0 $0 $0 Alma Street SD Improvements $94,675 $39,558 $0 $55,117 $94,675 B. Enhanced Maintenance SD Replacement/Rehabilitation CIP $940,168 $441,845 $160,597 $901,725 $1,504,167 Augmented SD Maintenance $60,242 $0 $0 $60,242 C. Innovative SD Projects $629,869 $12,647 $0 $758,222 $770,869 D. Augmented Storm Water Quality $84,749 $0 $0 $84,749 E. New CIP Engineer $121,103 $0 $0 $121,103 F. General Fund Loan Repayment $574,255 $0 $0 $574,255 SUBTOTALS $3,399,975 $3,186,981 $1,813,885 $1,649,519 $2,163,924 $5,627,328 To Storm Drainage Fund Reserves $765,201 Other storm drain expenses previously covered by General Fund subsidy $194,427 TOTALS $6,586,956 $6,586,956 Revenue Expenditures Prepared for the Storm Drain Oversight Committee by Joe Teresi and Tatiana Pham March 14, 2012