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File #: 20-1649    Version: 1
Type: Consent Calendar Status: Agenda Ready
File created: 5/18/2020 In control: City Council/Public Financing Authority
On agenda: 6/1/2020 Final action:
Title: Approve the Infrastructure Fund Annual Report for Fiscal Year 2018-19
Attachments: 1. Att#1 Infrastructure Fund Annual Report
Date Action ByActionResultAction DetailsMeeting DetailsVideo
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REQUEST FOR CITY COUNCIL ACTION

SUBMITTED TO: Honorable Mayor and City Council Members

SUBMITTED BY: Oliver Chi, City Manager

PREPARED BY: Tom Herbel PE, Acting Director of Public Works

Subject:
title
Approve the Infrastructure Fund Annual Report for Fiscal Year 2018-19
body

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 (FY) budget. This review covers FY 2018-19.

Financial Impact:
Not applicable.

Recommended Action:
recommendation
Approve the Infrastructure Fund Annual Report for Fiscal Year 2018-19.
end

Alternative Action(s):
Instruct staff to make revisions and resubmit at a later date.

Analysis:
The Infrastructure Fund was established in 2002 by City Charter Section 617(c), which states, "the City Council shall by ordinance establish a 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 prior to adoption of the following fiscal year budget."
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." 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...

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