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Agreement for Street Light System Maintenance October 1, 2019 Page 3 STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's efforts to meet Goal #6 Community Facilities & Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City assets), Strategy C (invest resources and technology to extend the service life of existing infrastructure to protect the City's investment and support a high quality of life standard). ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. FISCAL IMPACT Due to the lack of information from SCE, Public Works staff was unable to determine an amount to be received related to these rebates during FY 2018-19 and thus the amount was not included in the FY 2018-19 budget projections. The most recent estimate of actual FY 2018-19 General Fund revenues presented to the City Council on September 17, 2019 did not include these SCE rebates. Approval of the requested appropriation adjustment will authorize expenditure of $1,167,684.14 from prior year fund balance in the General Fund for expenditure in the Street Light Maintenance Repair Improvements (No. 01117630-62321), increasing the Fiscal Year 2019-20 expenditure budget for the purposes of engaging in this agreement. The proposed expenditures for the current and future years are as follows: Fiscal Year Accounting Unit — Fund Accounting Unit —Account Amount Account No. Description No. Description RESOURCE FY 2019-20 01102002-50001 General Fund Use of Prior Year Fund $1,167,684.14 Balance TOTAL REVENUES FROM INCENTIVES (REBATES): $1,167,684.14 EXPENDITURES FY 2019-20 Street Light Maintenance — Oct. — June 01117630-62321 General Fund Maintenance & Repair $80,000 Current Budget Improvement FY 2019-20 Street Light Maintenance — Oct. — June 01117630-62321 General Fund Maintenance & Repair $1,167,684 Requested AA Improvement FY 2020-21 Street Light Maintenance — July - June 01117630-62321 General Fund Maintenance & Repair $250,000 Im rovement FY 22- Street Light Maintenance — 01117630-62321 General Fund Maintenance & Repair $250,000 July June Improvement Im rovement FY 2022-23 01117630-62321 General Fund Street Light Maintenance — $62,500 July — Sept. Maintenance & Repair 20C-3