HomeMy WebLinkAbout01-25-2024 REOC Agenda Packet
Revenue Enhancement Oversight Commission
AGENDA
Thursday, January 25, 2024, 5:00 p.m.
Council Hearing Room, 990 Palm Street, San Luis Obispo
The Revenue Enhancement Oversight Commission holds in-person meetings. Zoom participation will
not be supported.
INSTRUCTIONS FOR PUBLIC COMMENT:
Public Comment prior to the meeting (must be received 3 hours in advance of the meeting):
Mail - Delivered by the U.S. Postal Service. Address letters to the City Clerk's Office at 990
Palm Street, San Luis Obispo, California, 93401.
Email - Submit Public Comments via email to advisorybodies@slocity.org. In the body of your
email, please include the date of the meeting and the item number (if applicable). Emails will not
be read aloud during the meeting.
Voicemail - Call (805) 781-7164 and leave a voicemail. Please state and spell your name, the
agenda item number you are calling about, and leave your comment. Verbal comments must be
limited to 3 minutes. Voicemails will not be played during the meeting.
*All correspondence will be archived and distributed to members, however, submissions received
after the deadline may not be processed until the following day.
Public Comment during the meeting:
Meetings are held in-person. To provide public comment during the meeting, you must be
present at the meeting location.
Electronic Visual Aid Presentation. To conform with the City's Network Access and Use Policy,
Chapter 1.3.8 of the Council Policies & Procedures Manual, members of the public who desire
to utilize electronic visual aids to supplement their oral presentation are encouraged to provide
display-ready material to the City Clerk by 12:00 p.m. on the day of the meeting. Contact the
City Clerk's Office at cityclerk@slocity.org or (805) 781-7114.
Pages
1.CALL TO ORDER
City Clerk, Teresa Purrington, will administer the Oath of Office to new
commissioner, Kenny McCarthy.
Chair Hamari will call the Regular Meeting of the Revenue Enhancement
Oversight Commission to order.
2.PUBLIC COMMENT FOR ITEMS NOT ON THE AGENDA
The public is encouraged to submit comments on any subject within the
jurisdiction of the Revenue Enhancement Oversight Commission that does not
appear on this agenda. Although the Commission will not take action on items
presented during the Public Comment Period, the Chair may direct staff to place
an item on a future agenda for discussion.
3.CONSENT
Matters appearing on the Consent Calendar are expected to be non-
controversial and will be acted upon at one time. A member of the public may
request the Revenue Enhancement Oversight Commission to pull an item for
discussion. The public may comment on any and all items on the Consent
Agenda within the three-minute time limit.
3.a CONSIDERATION OF MINUTES - SEPTEMBER 11, 2023 REVENUE
ENHANCEMENT OVERSIGHT COMMISSION MINUTES
5
Recommendation:
To approve the Revenue Enhancement Oversight Commission Minutes
of September 11, 2023.
4.BUSINESS ITEMS
4.a REVIEW OF AUDITED 2022-23 LOCAL REVENUE MEASURE (LRM)
FINANCIALS AND PROPOSED USE OF LRM UNASSIGNED FUND
BALANCE
9
Recommendation:
Review the audited financial statements contained in the
Annual Comprehensive Financial Report (ACFR) for the Local
Revenue Measure.
1.
Recommend to the City Council to appropriate $3,872,937 of
unassigned Local Revenue Measure funds for the capital and
operating expenditures referenced in the report.
2.
5.STAFF AND COMMISSIONER ANNOUNCEMENTS
5.a STAFF UPDATES
5.b COMMISSIONER UPDATES
6.ADJOURNMENT
The next Regular Meeting of the Revenue Enhancement Oversight Commission
is scheduled for March 7, 2024 at 5:00 p.m. in the Council Hearing Room at City
Hall, 990 Palm Street, San Luis Obispo.
LISTENING ASSISTIVE DEVICES are available -- see the Clerk
The City of San Luis Obispo wishes to make all of its public meetings accessible
to the public. Upon request, this agenda will be made available in appropriate
alternative formats to persons with disabilities. Any person with a disability who
requires a modification or accommodation in order to participate in a meeting
should direct such request to the City Clerk’s Office at (805) 781-7114 at least
48 hours before the meeting, if possible. Telecommunications Device for the
Deaf (805) 781-7410.
Agenda related writings or documents provided to the Revenue Enhancement
Oversight Commission are available for public inspection on the City’s website,
under the Public Meeting Agendas web page:
https://www.slocity.org/government/mayor-and-city-council/agendas-and-
minutes. Meeting video recordings can be found on the City’s website:
http://opengov.slocity.org/WebLink/Browse.aspx?id=61028&dbid=0&repo=CityCl
erk
1
Revenue Enhancement Oversight Commission Minutes
September 11, 2023, 5:00 p.m.
Council Hearing Room, 990 Palm Street, San Luis Obispo
REOC Commissioners
Present:
Commissioner Anthony Bozzano, Commissioner Renne
Gardner, Commissioner Zachary Moody, Commissioner
Steven Skapinsky
REOC Commissioners
Absent:
Chair Jim Hamari
City Staff Present:
Council Present:
Principal Budget Analyst Natalie Harnett, Finance Director
Emily Jackson
Vice Mayor Marx, Councilmember Shoresman
_____________________________________________________________________
1. CALL TO ORDER
City Clerk, Teresa Purrington, administered oath to new commissioner Zachary
Moody.
A Regular Meeting of the San Luis Obispo Revenue Enhancement Oversight
Commission was called to order on September 11, 2023 at 5:06 p.m. in the
Council Hearing Room at City Hall, 990 Palm Street, San Luis Obispo, by
Commissioner Skapinsky.
2. PUBLIC COMMENT FOR ITEMS NOT ON THE AGENDA
Public Comment:
No public comment
3. CONSENT
3.a CONSIDERATION OF MINUTES - MARCH 30, 2023 REVENUE
ENHANCEMENT OVERSIGHT COMMISSION MINUTES
Page 5 of 18
2
Motion By Commissioner Moody
Second By Commissioner Bozzano
To approve the Revenue Enhancement Oversight Commission Minutes of
March 30, 2023.
Ayes (4): Commissioner Bozzano, Commissioner Gardner, Commissioner
Moody, and Commissioner Skapinsky
Absent (1): Chair Hamari
CARRIED (4 to 0)
4. BUSINESS ITEMS
4.a ELECT REOC OFFICERS AND APPOINT TWO COMMISSIONERS TO
BE ON THE ANNUAL REPORT SUBCOMMITTEE
The REOC discussed and elected Commissioner Hamari to continue in
his role as Chair and elected Commissioner Bozzano to serve as Vice
Chair.
The REOC discussed and selected Commissioners Moody and Gardner
to serve on the Annual Report Subcommittee.
Motion By Commissioner Bozzano
Second By Commissioner Moody
1. Elect a Chairperson and Vice-Chairperson to serve for a one-year
term.
2. Appoint two Commissioners to serve on a subcommittee to assist
in the development of the 2022-23 Annual Community Report
Ayes (4): Commissioner Bozzano, Commissioner Gardner, Commissioner
Moody, and Commissioner Skapinsky
Absent (1): Chair Hamari
CARRIED (4 to 0)
4.b FY 2022-23 LOCAL REVENUE MEASURE UNAUDITED YEAR-END
FINANCIALS
Staff gave presentation and responded to commissioner questions.
Page 6 of 18
3
5. STUDY SESSION - OVERVIEW OF THE LOCAL REVENUE MEASURE, THE
REOC BYLAWS, AND THE ADVISORY BODY ROLE
Staff gave presentation and responded to commissioner questions. Discussion
between commissioners, staff, and Councilmember liaisons.
Public comment from community member, Mike Multari.
6. STAFF AND COMMISSIONER ANNOUNCEMENTS
6.a STAFF UPDATES
Principal Budget Analyst and staff liaison, Natalie Harnett, gave notice of
transition into a new position within the City. She will continue to serve as
the acting liaison until a replacement is hired.
6.b COMMISSIONER UPDATES
No updates
7. ADJOURNMENT
The meeting was adjourned at 6:57 p.m. The next Regular Meeting of the
Revenue Enhancement Oversight Commission is tentatively scheduled for
December 2023.
_________________________
APPROVED BY REVENUE ENHANCEMENT OVERSIGHT COMMISSION:
XX/XX/202X
Page 7 of 18
Page 8 of 18
Revenue Enhancement Oversight Commission
Agenda Report
For Agenda of: 1/25/2024
Item Number: 4.a
FROM: Natalie Harnett, Policy and Project Manager
Phone Number: (805) 781-7282
E-mail: nharnett@slocity.org
SUBJECT: REVIEW OF AUDITED 2022-23 LOCAL REVENUE MEASURE (LRM)
FINANCIALS AND PROPOSED USE OF LRM UNASSIGNED FUND
BALANCE
RECOMMENDATION
1. Review the audited financial statements contained in the Annual Comprehensive Financial
Report (ACFR) for the Local Revenue Measure.
2. Recommend to the City Council to appropriate $3,872,937 of unassigned Local Revenue
Measure funds for the capital and operating expenditures referenced in the report.
DISCUSSION
Ordinance No. 1605, establishes the Citizens’ Revenue Enhancement Oversight
Commission (REOC) and includes specific citizen oversight and fiscal accountability
provisions for the Local Revenue Measure (LRM). These provisions include an annual
review of the financial statements for the Local Revenue Measure as included in the City’s
ACFR:
2.14.040(C.) Annual Audit. The REOC shall meet annually to review the financial
statements contained in the Annual Comprehensive Financial Report for the
Essential Services Measure.
On January 23, 2024, the City Council accepted the ACFR for fiscal year 2022 -23. As
required by the City Charter, the financial statements for the City (including the Local
Revenue Measure) were audited by independent certified public accountants. The
objective of a financial audit is to provide users of the financial reports with reasonable
assurance, from an independent source, that the reports and the statements within are
reliable. The auditor, Badawi and Associates, issued the financial statements with a ‘clean
opinion’ which means that they are presented fairly and in conformity with generally
accepted accounting principles. As a matter of clarification, LRM funds are a sub -fund of
the General Fund and as such the schedules on pages 113-116 contained in the ACFR
are for informational purposes only.
Table 1 below shows $3,872,937 is available for future year appropriations in the Local
Revenue Measure fund at the end of fiscal year 2022 -23. As with most California cities,
Page 9 of 18
Item 4.a
the actual sales tax revenues came in higher than initial projections. Although the revenue
budget was increased in February 2023, Council did not allocate any additional LRM
expenditures, thus explaining the significant fund balance. An excerpt from the AC FR
Transmittal Memorandum with a summary of the audited expenditures and revenues is
included below. The complete ACFR is available online at www.slocity.org.
Table 1: LRM Budget to Actuals
Strategic recommendation of one-time unassigned fund balance
The mid-year budget is an opportunity to make mission critical adjustments throughout
the year. It is also an opportunity to evaluate any unassigned fund balance from the prior
year as confirmed through the annual audit. Unassigned fund balance from the p rior year
is considered “one-time” in nature and should only be used to fund items as outlined in
Section 8 of the City’s Fiscal Policies:
Page 10 of 18
Item 4.a
1. The City sets the following prioritization of unassigned General Fund balance:
a. Additional discretionary payments to CalPERS
b. Infrastructure investments
c. Emerging Health and Safety needs of the community
The Local Revenue Measure (LRM) Fund is a sub‐fund of the General Fund and is used
to track revenue and expenditures related to Local Revenue Measure G ‐20. It helps
protect and maintain services and public infrastructure identified by the community
such as community safety, creek protection, addressin g homelessness, keeping
public areas safe and clean, retaining local businesses, youth/senior services,
streets, open space/natural areas and other vital services and facilities.
Table 2 – Recommended use of unassigned LRM Fund Balance
Line Funding Source/Use Amount
1 Local Revenue Measure Unassigned Fund Balance $3,872,937
2
Arterials 2023 - Additional Asphalt Repairs on Johnson - This budget
recommendation is necessary for additional asphalt repairs on Johnson
Road, involving supplemental base repairs and crack sealing. These
repairs are crucial in preparing Johnson Road for the upcoming 2024
paving project. The proposed work extends the repair limits from Laurel
to Orcutt. Allocating funds for these additional repairs is essential to
ensure the structural integrity of the road and optimize the success of the
impending paving initiative. Construction March 2024
(300,000)
3
Arterials 2023 - Morro Street Sidewalk - This budget request is
specifically directed towards the Morro Street Sidewalk project, aiming to
replicate the design of the newly constructed sidewalk near the New
Anderson Hotel. The proposed undertaking involves the removal and
replacement of the existing sidewalk on approximately half a block on
Higuera to align with the recently installed section fronting the hotel. The
requested funds will enable the City to maintain visual continuity and
enhance pedestrian infrastructure in this vital area. It is intended that this
sidewalk replacement work would occur prior to paving Morro Street with
the 2023 Arterials Project. Construction February/March 2024
(200,000)
4
Arterials 2023 - Palm Street Paving - This budget recommendation is
for the Palm Street paving bid alternate initially proposed in conjunction
with the 2023 Arterials project, awarded to Souza Construction in May
2023. Additional funds are now sought to facilitate the implementation of
this bid alternate. Should the requested funds be transferred, the
contractor will proceed with the necessary work, focusing on paving over
the concrete street segment located off Palm Street near Santa Rosa
(915,000)
Page 11 of 18
Item 4.a
Street and various sidewalk improvements. Construction
February/March 2024
5
Augusta / Smith CMP Replacement - This budget recommendation is
for financial support to address a critical CMP storm drainpipe failure at
the intersection of Augusta and Smith Streets, a consequence of a recent
storm event. The proposed project entails the removal and replacement
of approximately 350 linear feet of 18" CMP (Corrugated Metal Pipe) and
the installation of three catch basins. Timely approval of this budget will
facilitate the necessary repairs to mitigate potential risks and ensure the
infrastructure's resilience. Design January 2024
(750,000)
6
Fire Marshal Vehicle (Electric)1 - The truck assigned to the Fire Marshal
was originally projected for replacement in 2024 in the 2021-2023
Financial Plan and according to the city’s fleet replacement policy, it is
past due for replacement. Because of the reshuffling of CIP in the 2023-
25 Financial Plan, replacement of this vehicle was pushed out, but it is
starting to have costly repair issues. This is also a good opportunity to
replace the vehicle with an electric vehicle which are now in stock and
eligible for various rebate programs.
(70,000)
7
Police Radio Encryption - The Police Department is seeking the
necessary funding to update its police radios with both multi-key
encryption and Wi-Fi licensing to minimize the burden on IT staff and
make the transition to digital encryption manageable and useful for our
personnel. The police radio is a critical piece of safety equipment for
police officers and dispatchers, and being able to communicate with other
local agencies is a necessity to ensure public safety in San Luis Obispo.
(91,000)
8
Righetti Park Investment - This budget recommendation is to secure
additional funding for Righetti Park, specifically in support of the linear
park, pocket park, and community parks, which are currently at 50%
design completion. Ongoing discussions are in progress to determine
which segment of the project the City aims to construct first, as recent
estimates have exceeded initial expectations. The additional funding
sought is intended to support the development of one of the smaller parks
or a section of the community park, allowing for phased implementation
while ensuring that the project remains on track. Additional funds will be
necessary, but this allocation will help bridge the gap.
(304,637)
9
Storm Response - This budget recommendation is to secure funding for
city-wide storm response mitigation planting, encompassing the
replacement of trees and vegetation removed during emergency storm
repairs. Additionally, funds are sought for an unforeseen project at 152
(600,000)
1 This vehicle is eligible for a 15% rebate which will bring the net cost to approximately $60,000. It is necessary to
budget for the entire cost of the vehicle; however, the rebate will later be collected as revenue.
Page 12 of 18
Item 4.a
Cuesta, addressing wall repair resulting from storm damage. The City is
actively pursuing supplementary funds and FEMA reimbursement to
support these initiatives. 152 Cuesta has already been completed (Dec
2023), Mitigation Planting design 2024 - Planting late 2024 - 5 years
of monitoring following planting.
10
Streets R&R - Higuera Street Crack Sealing - This budget
recommendation is for imperative crack sealing on Higuera Street,
spanning from Marsh to LOVR, in preparation for the scheduled Higuera
Complete Streets project in Fall 2024. The Complete Streets project
involves slurry seal application, and by conducting crack sealing six
months in advance, we aim to optimize the effectiveness of the overall
pavement maintenance. Allocating funds for this preparatory crack
sealing initiative is crucial to enhance the longevity and resilience of
Higuera Street. Construction March 2024
(250,000)
11
Streets R&R - Paving Sacramento Drive - This funding
recommendation is for urgent bike lane paving along Sacramento Drive
from Industrial to Via Esteban. The current pavement conditions,
characterized by cracking and poor quality, pose significant challenges
for cyclists. Allocating funds for this project will not only enhance the
safety and accessibility of the bike lane but also contribute to the overall
well-being of cyclists utilizing this route. Draft design and bid early 2024
(220,000)
12
Truck 1 Refurbishment - Truck 1, a 100’ heavy-duty tractor-drawn Aerial
Apparatus, provides essential access to buildings in the city beyond the
reach of ground ladders, typically above 30 feet. Truck 1 is a 2010 Pierce
that is rapidly deteriorating and not likely to reach the scheduled
replacement in FY 2029-30. This refurbishment request is to replace
drive-train components prior to catastrophic failure. Extending the life of
Truck 1 will allow the department to replace it at the end of its expected
lifespan and account for extended production delays due to supply chain
shortages.
(172,300)
13 Remaining Balance $ 0
ATTACHMENTS
A - Local Revenue Measure pages from the Fiscal Year 2022-23 Comprehensive Annual
Financial Report.
Page 13 of 18
Page 14 of 18
Revenues Actual
Local Transaction and Use Tax 30,508,731$
Investment Income 7,899
30,516,630$
Expenditure Allocations by Priority
Address Homelessness 764,069$
Community Safety and Emergency Preparedness 4,608,385
Creek and Flood Protection 1,292,816
Economic Development and Business Retention 874,875
Open Space/Natural Areas Preservation and Maintenance 1,439,019
Other Services and Projects 2,528,429
Protect Financial Stability 404,558
Safe and Clean Public Areas 3,362,300
Street Maintenance and Transportation (incl bike and ped improvements) 9,405,702
Youth/Senior Services and Recreation Facilities 2,096,992
Allocation to Capital Reserve 3,604,500
30,381,645$
Expenditures on Legacy Projects (projects funded before 2022-23)
Legacy Projects 523,861$
Net Change in Fund Balance (388,876)$
Fund Balance Beginning of Year 5,696,864
Fund Balance End of Year 5,307,988$
Encumbered for Legacy Projects (1,435,051)
Available Fund Balance 3,872,937$
City of San Luis Obispo
Local Transaction Tax Measure Funding Schedule
For the Fiscal Year Ended June 30, 2023
113
Page 15 of 18
Revenues Budget Actual
Local Transaction and Use Tax 30,141,532$ 30,508,731$
Investment Income 7,899
30,141,532$ 30,516,630$
Expenditures
Transfer Out for Operating Programs:
Address Homelessness 764,069$ 764,069$
Community Safety and Emergency Preparedness 2,102,685 2,102,685
Creek and Flood Protection 742,816 742,816
Economic Development and Business Retention 757,375 757,375
Open Space/Natural Areas Preservation and Maint. 709,019 709,019
Other Services and Projects 1,165,820 1,165,820
Protect Financial Stability 404,558 404,558
Safe and Clean Public Areas 652,300 652,300
Street Maintenance and Transportation 1,084,129 1,084,129
Youth/Senior Services and Recreation Facilities 395,492 395,492
8,778,263$ 8,778,263$
Transfer Out for 2022-23 Capital Projects
Community Safety and Emergency Preparedness 2,505,700$ 2,505,700$
Creek and Flood Protection 550,000 550,000
Economic Development and Business Retention 117,500 117,500
Open Space/Natural Areas Preservation and Maintenance 730,000 730,000
Other Services and Projects 1,362,609 1,362,609
Safe and Clean Public Areas 2,710,000 2,710,000
Street Maintenance and Transportation (incl bike and ped improvements) 8,321,573 8,321,573
Youth/Senior Services and Recreation Facilities 1,701,500 1,701,500
Allocation to Capital Reserve 3,604,500 3,604,500
21,603,382$ 21,603,382$
Expenditures on Legacy Projects (projects funded before 2022-23)
Legacy Projects 1,958,912$ 523,861$
Net Change in Fund Balance (388,876)$
Fund Balance Beginning of Year 5,696,864$
Fund Balance End of Year 5,307,988$
Encumbered for Legacy Projects (1,435,051)$
Available Fund Balance 3,872,937$
City of San Luis Obispo
Local Transaction Tax Measure Funding Schedule
For the Fiscal Year Ended June 30, 2023
114
Page 16 of 18
Page 2
Capital Programs:Budget Actual Encumbrances Carryover
Community Safety and Emergency Preparedness
Fire - Fleet Replacement 1,530,966$ 1,095,283$ -$ 435,683$
Fire Hydrant Replacement 40,024 37,462 -2,562
Fire Station #3 & #4 Remodel Space Study and Design 100,000 --100,000
Initial Design Study - Police Station Replacement 411,315 230,802 97,052 83,461
Police - Information Technology 1,259,615 166,064 65,098 1,028,452
Police - Fleet Replacement 320,789 29,847 290,942 -
IT Replacements 563,074 492,005 -71,069
4,225,783$ 2,051,464$ 453,093$ 1,721,226$
Creek and Flood Protection
Storm Drainage Infrastructure Replacement 279,100$ 212,448$ 68,133$ 66,652$
Creek Bank Stabilization Near Pismo and Johnson 436,112 263,083 30,420 173,029
715,212$ 475,532$ 98,553$ 239,681$
Economic Development and Business Retention
Additional Banner Arms, Bench Arm Rests, Signs 113,728$ 18,598$ 9,606$ 85,524$
Annual Public Art Maintenance and Projects 69,700 59,779 -9,921
Open SLO 125,569 9,437 -116,132
Downtown Zig-Zag Lighting 250,000 --250,000
Downtown Renewal 255 --255
Mission Plaza Maintenance Improvements 194,271 175,600 8,001 10,670
Public Art Installation 338,900 21,196 -317,704
1,092,423$ 284,610$ 17,606$ 790,206$
Open Space/Natural Areas Preservation and Maintenance
Open Space Acquisition 532,290$ 53,962$ 5,452$ 472,876$
Open Space Maintenance 207,163 70,155 4,177 132,831
Urban Forest Maintenance 504,831 454,750 2,003 48,077
Laguna Lake Dredging 63,699 4,388 8,146 51,165
1,307,983$ 583,256$ 19,779$ 704,949$
Other Services and Projects
Capital Projects Engineering Staff (6 FTE)133,612$ -$ -$ 133,612$
Council Hearing Room Functionality Improvements 420,000 346,024 - 73,976
Electric Vehicle Charging Stations 46,686 12,465 30,053 4,167
Major Facility Replacement 1,663,084 601,074 18,813 1,043,197
Roundabout Public Art Installations 90,827 90,827 --
KVEC Tower 254,078 53,610 28,718 171,750
2020 Neighborhood Greenways Public Art 2,250 2,250 --
Fleet Replacement - Citywide 260,001 -- 260,001
Fleet Replacement - Public Works 797,647 70,267 7,936 719,444
Corp Yard Fuel Island Siding 201 55 -146
3,668,386$ 1,176,574$ 85,520$ 2,406,292$
City of San Luis Obispo
Local Transaction Tax Measure Funding Schedule, continued
Local Revenue Measure Funded Projects
Includes Legacy Projects and projects funded by Capital Reserve
115
Page 17 of 18
Page 3
Safe and Clean Public Areas
Bob Jones Trail and Railroad Safety Trail Solar Lightning 1,450,000$ 59$ -$ 1,449,941$
Curb Ramps and Sidewalks Replacements 347,567 50,005 36,947 260,615
Mission Plaza Concept Plan Implementation 1,459,081 282,820 157,564 1,018,696
Street and Pathway Lighting 62,652 6,227 -56,425
Pedestrian Crossing Improvements 536,817 469,055 32,916 34,847
Railroad Safety Trail Taft to Pepper 27,150 --27,150
Downtown Cleaning Equipment 7,169 7,169 --
Pedestrian Crosswalk Beacon on Ramona 28,255 1,745 13,255 13,255
Downtown Safety Enhancements 1,823 --1,823
Area 6 & 7 Curb Ramps 264,641 262,031 2,610 -
4,185,154$ 1,079,111$ 243,291$ 2,862,752$
Street Maintenance and Transportation
Active Transportation Plan Implementation 879,406$ 387,526$ 439,990$ 51,890$
Madonna Inn Frontage Bike Pathway 5,775 --5,775
Neighborhood Traffic Improvements 261,520 41,637 8,174 211,709
Prado Road Bridge & Road Widening 548,093 402,130 -145,963
Prado Road Interchange 2,431,833 65,417 21,833 2,344,583
Traffic Signs & Striping Maintenance 57,136 31,804 -25,332
Transportation Safety & Operations 3,431 --3,431
North Chorro Neighborhood Greenway - Phase 2 9,562,019 1,195,092 4,659,539 3,707,388
Development Agreements 1,665,000 320,745 1,224,255 120,000
Orcutt/Tank Farm Roundabout Construction 374,124 302,977 25,376 45,770
Monterey at Santa Rosa Paving and Signal Project 1,271,756 813,278 181,956 276,522
Roadway Sealing 2022 4,148,160 3,871,762 25,798 250,600
2022 Street Reconstruction and Resurfacing 1,381,734 545,784 547,044 288,906
Marsh and Santa Rosa Bridge Replacement 107,072 96,098 61 10,912
Mid-Higuera Bypass 219,733 23,398 121,280 75,056
Traffic Safety Implementation 8,000 8,000 --
Sewer Replacement Chorro & Murray 80,000 - 60,000 20,000
South Street Median Landscaping 18,540 8,768 4,460 5,312
2023 Streets Reconstruction & Resurfacing - Arterials 500,194 - 430,194 70,000
California Taft Roundabout 297,409 145,515 4,255 147,639
23,820,936$ 8,259,932$ 7,754,217$ 7,806,788$
Youth/Senior Services and Recreation Facilities
Laguna Lake Golf Course Maintenance 31,570$ -$ -$ 31,570$
Playground Equipment Replacement 255,752 3,652 208,607 43,493
Orcutt Area - Linear Park Planning and Construction 815,000 34,303 7,802 772,895
Parking Lot Maintenance 233,770 1,820 -231,950
Parks and Recreation - Fleet Replacement 242,000 144,433 9,067 88,500
Parks and Recreation Master Plan Implementation 400,000 76,878 -323,122
Golf Course Pro Shop Flood Damage Repairs 93,222 43,041 -50,181
Parks Major Maintenance 1,626,183 411,712 107,825 1,106,647
North Broad Street Neighborhood Park 216,070 15,396 41,070 159,604
3,913,567$ 731,234$ 374,371$ 2,807,961$
Total Capital Expenditures 42,929,446$ 14,641,713$ 9,046,430$ 19,339,855$
City of San Luis Obispo
Local Transaction Tax Measure Funding Schedule, continued
Local Revenue Measure Funded Projects
Includes Legacy Projects and projects funded by Capital Reserve
116
Page 18 of 18