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HomeMy WebLinkAboutStaff Report 6873 City of Palo Alto (ID # 6873) City Council Staff Report Report Type: Informational Report Meeting Date: 5/16/2016 City of Palo Alto Page 1 Council Priority: City Finances Summary Title: Storm Drain Oversight Committee Expenditure Review Title: Storm Drain Oversight Committee Review of FY2015 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 2015 Storm Drainage Fund expenditures. This memo documents the Committee’s finding that the Fiscal Year 2015 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) Attachment A Storm Drain Oversight Committee MEMORANDUM Date: April 6, 2016 To: Honorable City Council From: Members of the Storm Drain Oversight Committee Subject: Review of FY 2015 Storm Drainage Fund Expenditures As directed by the City Council, we have reviewed the Storm Drainage Fund’s expenditures for fiscal year 2015. 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 $1,206,879 which was used for storm drain operational expenses previously covered by the General Fund subsidy). The Committee met on April 6th, 2016 to review the FY 2015 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 2015. 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 2015” accurately summarizes the use of the revenue generated by the increased Storm Drainage Fee for FY 2015 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 Mike Sartor Brad Eggleston Lalo Perez Summary of Use of Storm Drainage Fee Increase for FY 2015 Line Item Storm Drainage Fees Carryover Expended Committed by Contract Remaining Appropriation Total Use of Funds Fee Increase Revenue SD Fee Increase $3,877,330 Capital Improvements and Program Enhancements A. One-time SD CIP Projects San Francisquito Creek Pump Station $35,158 $631 $0 $0 $631 Channing/Lincoln Storm Drain $3,316,971 $48,068 $75,964 $3,192,939 $3,316,971 Southgate Neighborhood Storm Drains $1,743,145 $1,433,933 $263,475 $45,737 $1,743,145 Gailen/Bibbits SD Improvements $0 $0 $0 $0 $0 Clara Drive SD Improvements $70,507 $35,030 $0 $0 $35,030 Matadero Creek Pump Station & Trunks $340,387 $19,164 $600,000 $1,633,169 $2,252,333 Alma Street SD Improvements $0 $0 $0 $0 $0 Storm Drain Master Plan Update $0 $300,401 $0 $18,919 $319,320 B. Enhanced Maintenance SD Replacement/Rehabilitation CIP $702,225 $1,572 $36,170 $1,093,427 $1,131,169 Augmented SD Maintenance $20,915 $0 $0 $20,915 C. Innovative SD Projects $0 $4,290 $0 $145,712 $150,002 D. Augmented Storm Water Quality $116,463 $0 $0 $116,463 E. New CIP Engineer $154,177 $0 $0 $154,177 F. General Fund Loan Repayment $0 $0 $0 $0 SUBTOTALS $3,877,330 $6,208,393 $2,134,644 $975,609 $6,129,903 $9,240,156 From Storm Drainage Fund Reserves $361,313 Other storm drain expenses previously covered by General Fund subsidy $1,206,879 TOTALS $10,447,035 $10,447,035 Revenue Expenditures Prepared for the Storm Drain Oversight Committee by Rajeev Hada and Gina Magliocco April 6, 2016