Item 16 - Industrial Streets (Phase 1) Water and Sewer Improvements

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Industrial Streets (Phase 1) Water & Sewer Improvements April 5, 2022 Page 4 2 5 7 4 ENVIRONMENTAL IMPACT In accordance with the California Environmental Quality Act, the recommended actions are exempt from further review. Categorical Exemption Environmental Review No. ER- 2021-79 was filed for the project. FISCAL IMPACT As indicated in the Cost Analysis, the estimated total construction delivery cost of the project is $4,050,000 which includes the construction contract, contract administration, inspection, testing, and project contingency. Approval of the requested appropriation adjustments will recognize sufficient funds to complete the funding to deliver the project (Exhibit 5). Recognize and utilize remaining bond proceeds from water bonds up to $110,000 of prior year fund balance from Water Utility Water Division Capital, Prior Year Carry Forward revenue account (No. 06617002-50001), and appropriate the same amount to the Acquisition & Construction, Water Bond Capital Projects, Water Capital Project expenditure account (No. 06617620-66301) Recognize $840,000 from Water Fund, Public Works Water Revenue, Prior Year Carryforward revenue account (No. 06017002-50001) and appropriate the same amount to the Acquisition & Construction, Water Utility Capital Projects, Water Capital Project expenditure account (No. 06617647-66301) Recognize $175,000 from Sanitary Sewer Fund, Capital Recovery Charges, Prior Year Carryforward revenue account (No. 05417002-50001) and appropriate the same amount to the Sanitary Sewer Capital, Capital Recovery Charges, Improvements Other Than Building expenditure account (No. 05417647-66220) Recognize $1,200,000 fund balance in the Special Gas Tax, Prior Year Carryforward account (No. 02917002-50001) and transfer from the Special Gas Tax Interfund Transfer account (No. 02917019-68000-059) to the Select Street Construction Interfund Transfer account (No. 05917002-59000-029) and appropriate the same amount into the Select Street Construction Fund, Improvements Other Than Building expenditure account (No. 05917663-66220). The following table summarizes the funds budgeted and available for expenditure to deliver construction of this project. Any remaining balances not expended at the end of the fiscal year will be carried forward for expenditure in the following fiscal year, if needed. Fiscal Year Accounting Unit – Account No. Fund Description Accounting Unit – Account No. Description Amount Prior Authorized Funds 2021-22 05417647-66220 (21-6452) Sanitary Sewer Capital Capital Recovery Charges, Improvements Other Than Building $225,000