HomeMy WebLinkAboutItem No. 03 - Measure Z UpdateCity Council Agenda Report
City of Lake Elsinore 130 South Main Street
Lake Elsinore, CA 92530
www.lake-elsinore.org
File Number: TMP 22-467
Agenda Date: 10/13/2022 Status: Approval FinalVersion: 1
File Type: MZCC ConsentIn Control: Measure Z Citizen Committee
Agenda Number: 3)
Update on Fiscal Year 2022-23 Measure Z Budget
Receive and file an update on the Fiscal Year 2021-22 Measure Z Budget Spending Plan.
Page 1 City of Lake Elsinore Printed on 10/13/2022
REPORT TO MEASURE Z CITIZEN COMMITTEE
To: Honorable Members of the Committee
From: Jason Simpson, City Manager
Prepared by: Brendan Rafferty, Fiscal Officer
Date: October 13, 2022
Subject: Update on Fiscal Year 2022-23 Measure Z Budget
Recommendation
Receive and file an update on the Fiscal Year 2021-22 Measure Z Budget Spending Plan.
Background
On November 3, 2020, residents of the City of Lake Elsinore voted in favor of Measure Z, a
locally controlled one-cent, or one percent, transaction and use tax to generate unrestricted
general fund dollars to address City service, public safety, and local recovery needs.
The Measure Z Citizen Committee's primary role is to independently review and provide advice
and guidance concerning the expenditure of Measure Z revenues. The Committee is tasked
with a meeting in a public forum at least twice each calendar year to ensure funding is being
used consistently with the community's established goals and needs. Specifically, the
Committee must annually review and report on the City's proposed and actual expenditure of
proceeds generated by the transactions and use tax, along with reviewing the independent
annual audit of those revenues and expenditures prepared by a Certified Public Accounting firm.
The Committee's report shall then be submitted to the City Council for review and discussion at
a public meeting.
Discussion
Before the passage of Measure Z, the City engaged residents and businesses as part of its
Let's Talk Lake Elsinore campaign to identify the community's needs. Based on this effort and
ongoing community opinion surveys, residents identified the following spending priorities:
Preparing for any public health or catastrophic emergency
Having adequate 911 emergency capacity
Continuing to address homelessness and supporting residents and families in transition
Improving fire protection and paramedic services
Keeping public areas safe, healthy, and clean
Continuing law enforcement services, including effectively staffed neighborhood patrols
Supporting residents and local businesses through our local recovery
Fiscal Year 2022-23 Measure Z Budget Spending Plan
October 13, 2022
Page 2
The City has identified Measure Z projects for the Fiscal Year 2022-23 as outlined in the
attached Measure Z Budget Spending Plan based on the priorities identified by the community.
As shown, staff estimated the City would have approximately $17.3 million in Measure Z funds
for the Fiscal Year 2022-23. This amount includes fund balance, revenues, and investment
earnings.
Incorporating suggestions made by the Measure Z Citizen Committee at the February 24, 2022,
meeting, the following allocation of Measure Z funds was adopted by the City Council on June
28, 2022:
FY2022-23
DESCRIPTION AMOUNT % SHARE
Community Support $211,120 1.22%
Police Services 2,528,510 14.59%
Fire Services 1,994,300 11.51%
Animal Control 174,000 1.00%
Community Development 590,200 3.41%
Public Services 102,980 0.59%
Road and Infrastructure Improvements/Maintenance 11,730,956 67.68%
$ 17,332,066 100.00%
Expenditures to date are shown in Exhibit A. Most of the projects have not yet started or are in
design. One project, Main Street Interchange, is currently in construction. Several of the projects
have been initiated and/or completed.
Fiscal Impact
The expenditures outlined in the Fiscal Year 2022-23 Measure Z Budget Spending Plan are part
of the Fiscal Year 2022-23 Annual Operating Budget.
Exhibits
A – Statement of Revenues, Expenditures, and Changes in Fund Balance for Measure Z
CITY OF LAKE ELSINORE, CALIFORNIA
STATEMENT OF REVENUES, EXPENDITURES, and CHANGES IN FUND BALANCE ‐ BUDGET AND ACTUAL
As of September 30, 2022
MEASURE Z
Annual
Ammended
Budget Total Activity
Percentage
of Budget
REVENUES:
Sales Tax 15,507,000$ 1,308,302$ 8%
Investment Interest 51,000 (5,373) ‐11%
TOTAL REVENUES 15,558,000 1,302,929 8%
EXPENDITURES:
Public Safety Programs
Community Support 211,120 52,780 25%
Police Services 2,528,510 210,709 8%
Fire Services 1,994,300 ‐ 0% (1)
Animal Services 174,000 ‐ 0% (2)
Community Development 590,200 147,550 25%
Public Services 102,980 25,745 25%
Capital Improvement Programs
Annual Citywide Dirt Road Paving Program ‐ Z10047 853,818 ‐ 0%
Annual Citywide Landscape Program ‐ Z10009 2,971,435 40,013 1%
Annual Citywide Sidewalk Improvements ‐ Z10010 880,000 ‐ 0%
Annual Citywide Slurry Seal Program ‐ Z10014 740,840 ‐ 0%
Auto Center Drive Bridge Retrofit ‐ Z10016 375,000 20,137 5%
Camino Del Norte ‐ Z30016 918,190 ‐ 0%
Dexter Traffic Light 187,912 ‐ 0%
Emergency Operations Center ‐ Z20036 300,000 3,500 1%
Gedge St. & Treleven Ave. Resurfacing ‐ Z10074 250,000 ‐ 0%
I‐15/SR 74 Interchange ‐ Z10015 321,665 4,536 1%
La Strada Extension ‐ Z10073 600,000 ‐ 0%
Main Street Interchange ‐ Z10017 1,700,000 ‐ 0% (3)
Main Street Pedestrian Safety and IT Infrastructure
Improvements ‐ Z10075 500,000 ‐ 0%
Rice Canyon Revetment ‐ Z30014 545,000 ‐ 0%
Storm Drain Catch Basin Inlet Filter Installation ‐ Z30015 75,000 ‐ 0%
Terra Cotta Road Street Improvements ‐ Z10092 512,096 28,377 6%
TOTAL EXPENDITURES 17,332,066$ 533,347$ 3%
Revenues Over/(Under) Expenditures (1,774,066) 769,582
OTHER FINANCING SOURCES/(USES):
Operating Transfers In ‐ ‐ 0%
Operating Transfers Out ‐ ‐ 0%
TOTAL OTHER FINANCING SOURCES/(USES)‐ ‐ 0%
REVENUES OVER/(UNDER) EXPENDITURES and OTHER
FINANCING SOURCES/(USES)(1,774,066) 769,582
Beginning Fund Balance as of 07/01/2022 1,774,066 1,774,066
Ending Fund Balance as of 9/30/2022 ‐$ 2,543,648$
Notes:
(1) First invoice has yet to be processed
(2) Contract has not been executed
(3) Will start using after MARA funds exhausted