REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Travis Hopkins, City Manager
VIA: Chau Vu, Director of Public Works
PREPARED BY: Ana Tenorio, Principal Management Analyst
April Maese, Management Analyst
Subject:
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Approve the Fiscal Year 2024/25 Infrastructure Fund Annual Report
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Statement of Issue:
The City Charter requires an annual review and performance audit of the Infrastructure Fund, and a report on the findings to the City Council. This review addresses Fiscal Year (FY) 2024/25.
Financial Impact:
Not applicable.
Recommended Action:
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Approve the Infrastructure Fund Annual Report for Fiscal Year 2024/25.
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Alternative Action(s):
Direct staff to revise the report and return at a later date.
Analysis:
The Infrastructure Fund was established in 2002 by City Charter Section 617(c), which states that the City Council must establish the Citizens Infrastructure Advisory Board (CIAB) to conduct an annual review and performance audit of the Infrastructure Fund and report its findings to the City Council.
Per the City Charter, the Infrastructure Fund is designated solely to infrastructure-related expenditures. "Infrastructure" is defined in the Charter as "long-lived capital assets that normally are stationary in nature and 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."
Infrastructure expenditures are defined as "direct costs related to infrastructure improvements or maintenance, including construction, design, engineering, project management, inspection, contract administration and property acquisition."
The primary revenue source for the fund is una...
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