HomeMy WebLinkAboutInfrastructure Annual Report for FY 2013-2014Dept. ID PW 14-049 Page 1 of 2
Meeting Date: 8/18/2014
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CITY OF HUNTINGTON BEACH
REQUEST FOR. CITY COUNCIL ACTION
MEETING DATE: 8/18/2014
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Fred A. Wilson, City Manager
PREPARED BY: Travis K. Hopkins, PE, Director of Public Works
SUBJECT: Receive and file the Infrastructure Annual Report for FY 2013-2014
Statement of Issue:
The City Charter requires an annual review and performance audit of the Infrastructure Fund, and a
report of the findings to the City Council prior to adoption of the following fiscal year budget. This
review covers the current fiscal year (FY) 2013-14.
Financial Impact:
None
Recommended Action:
Receive and file the Infrastructure Annual Report for FY 2013-2014.
Alternative Action(s):
Instruct staff to make revisions and resubmit at a later date.
Analysis:
The Infrastructure Fund was established 2002, by City Charter Section 617(c). The City Council
shall by ordinance establish a Citizens Infrastructure Advisory Board to conduct an annual review
and performance audit of the Infrastructure Fund and report its findings to the City Council prior to
adoption of the following fiscal year budget. The Public Works Commission serves as the Advisory
Board.
The single substantial revenue source to the fund is General Fund excess fund balance per the
Financial Policy adopted in FY 2006-2007 and revised in FY 2009-2010 to allow for an Economic
Uncertainties Reserve commitment. There were no General Fund transfers to the Infrastructure
Fund during the current fiscal year. Total expenditures this year are projected to be $204,750.
The fund balance at year's end is projected to be $5,506,223.
Per the City Charter, the Infrastructure Fund is designated for the sole purpose of infrastructure
expenditures. "Infrastructure" is defined in the Charter as "long-lived capital assets that normally
are stationary in nature and normally can be preserved for significantly greater number of years.
They include storm drains, storm water pump stations, alleys, streets, highways, curbs and gutters,
sidewalks, bridges, street trees, landscaped medians, parks, beach facilities, playgrounds, traffic
signals, streetlights, block walls along arterial highways, and all public buildings and public ways.
Item 4. - 1 HB - l 02-
Dept. ID PW 14-049 Page 2 of 2
Meeting Date: 8/18/2014
Environmental Status:
Not applicable
Public Works Commission Action: The annual Infrastructure Fund Report was approved at the
July 16 2014, Public Works Commission regular meeting by a vote of 6-0.
Strategic Plan Goal:
Improve the City's infrastructure
Attachment(s):
FY 13-14 Infrastructure Fund Annual Report
HB -103- Item 4. - 2
A
REQUESTCITY OF HUNTINGTON BEAC
PUBLIC WORKS COMMISSIO
Item No. PW 14-14
SUBMITTED TO: Chairman Brenden and Members of the Commission
SUBMITTED BY: Travis K. Hopkins, PE, Director of Public Works
DATE: July 16, 2014
SUBJECT: Approve Infrastructure Fund Annual Report
for Fiscal Year 2013/14
Statement of Issue: The City Charter requires an annual review and
performance audit of the Infrastructure Fund, and a report of the findings to the
City Council. This review covers the current fiscal year (FY) 2013/14.
Funding Source: Infrastructure Fund No. 314
Recommended Action: Motion to recommend to City Council approval of the
Infrastructure Fund Annual Report.
Alternative Action(s): Direct staff to modify the Annual Report.
Analysis: The Infrastructure Fund was established in 2002, by City Charter Section
617. "... (c) The City Council shall by ordinance establish a Citizens Infrastructure
Advisory Board to conduct an annual review and performance audit of the
Infrastructure Fund and report its findings to the City Council prior to adoption of
the following fiscal -year budget."
The single substantial revenue source to the fund is General Fund excess fund
balance per the Financial Policy adopted in Fiscal Year 2006/07. The Policy was
revised beginning in Fiscal Year 2009/10 to allow for an Economic Uncertainties
Reserve commitment. Excerpts addressing the Infrastructure Fund for the
previous and current policies are shown in Attachment 1.
Revenue
1. The maintenance agreement for the traffic signal at Beachmont Plaza
provided $9,833.
2. Interest and market adjustments are paid in proportion to the citywide
investments and fund balance.
Item 4. - 3 HB - 04-
Expenditures
Budgeted expenditures and expenditure adjustments for FY 2013/14
consisted of carry over projects from 201 1 /12 and new funds, including:
$46,750 was included in the annual CIP carry over for City Yard
Building Improvements. These funds were carried over from FY 12/13
as an encumbrance and are currently being spent.
® Heil Pump Station Property Acquisition - It is anticipated that the
funds will be carried forward into the new fiscal year. A Hazard
Mitigation Grant that would provide $2,250,000 in funding to
complete the project is pending.
® $1.5M was budgeted in FY 13/14 to begin work on the new Senior
Center. These funds will be carried over into FY 14/15.
The Infrastructure Fund is being used as a holding account for
developer fees and expenditures related to the proposed Bella
Terra Pedestrian Crossing Project. Funds in the amount of $250,000
have been received to date. These funds are designated for this
project only and any unspent funds must be returned to the
developers. To begin design, $100,000 was appropriated to an
expenditure account and is projected to be spent by the end of the
fiscal year.
Budgeted projects for 2014/15 include replacement of the Arena Soccer
artificial turf, a portion of the Atlanta Avenue Widening Project and a $3M
General Fund transfer to the Infrastructure Fund for the Senior Center. Carryover
projects include the Heil Pump Station, a portion of the 1 St St. SCADA funds and
the 2013/14 funds budgeted for the new Senior Center.
HB - 1 0_ Item 4. - 4
INFRASTUCTURE FWNO(3M4)
Summary Report for FY20Y31f4
��R�e�e
BudgsdFY Projected Projected
Revenue and 2O13/14 Over toFY2D14-15
Expenditures
Beginning Fund Balance S/3O/13 $5671,176
Projected Fund Balance 9/30/2014 $5,506,223
Transfer from General Fund $3.000.000
Hazard Mitigation Grant (pending) $2.250.000
Interest $7.500 $15.000
Market Adjustments $22.414
Developer Fees
MointenanceAgneement-Beoohmont
$S883 $1UOOD
Plaza' '
Expenditures
City Yard Building Improvements
($46.565)
($46.750)
$O
Arena Soccer Artificial
�
($170000)
Replacement
'
Atlanta Avenue Widening
($1.000`000)
Heil Pump Station Construction and
($23522DO\
�O
(�2353OOO)
Property.
. '
. .
1st St, SCAD/VHei|Pump Station
Design
($15OOOO)
.
(�58OOCA
' '
(�142OOO)
,
Bella Terra PedestrainCrossing
($100.00[)
(G100.000)
Senior Center
($1.5OO.00O)
$O
($4,500.000)
Total Expenditures
($204,750)
($8,165,000)
Projected Fund Balance S/3012014 $5,506.223
Projected Fund Balance 913012015 $2,616,223
1. Excerpts from Financial Policy adopted FY 2006/07 and 2009/10
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