Item 10 - New Traffic Signal Installation at Chestnut Avenue and Zoo Lane (Formerly Elk Lane)

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New Traffic Signal Installation at Chestnut Avenue and Zoo Lane (Formerly Elk Lane) January 16, 2024 Page 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- 2020-96 was filed for the project 23-6999. FISCAL IMPACT Approval of the requested Appropriation Adjustment will recognize TSIA Area A funds in the amount of $839,168 in the Prior Year Carry Forward revenue account (No. 99117002-50001) and appropriate the same amount to the TSIA Area A, Improvements Other than Buildings expenditure account (No. 99117950-66220). Approval of the request to reallocate funds will provide funding in the amount of $25,000 in unspent Capital Outlay Fund Parks Improvement funds from the Maintenance & Repair Buildings & Ground Project (No. 24-2600). Project No. 23-6999 is the number assigned to the funding for tracking of all expenditures to deliver the construction of this project. As indicated in the Cost Analysis, the estimated total construction delivery cost of the project is $864,168, which includes construction, contract administration, inspection and testing, and authorized contingencies of $103,700. All funds are available for expenditure in Fiscal Year 2023- 24, however any remaining balances not expended at the end of the fiscal year will be carried forward into FY 2024-25. The following table summarizes the funds budgeted for expenditure to deliver construction of this project: Accounting Fiscal Unit - Account Fund Accounting Unit, Amount Year No. Description Account No. Description (Project No.) APPROPRIATION ADJUSTMENT Transportation Transportation System 2023- 99117950- 66220 System Improvements Improvements Authority $g39,168 24 (23-6999) Authority Area Area A, Improvements A Other Than Buildings ADDITIONAL BUDGET/BUDGET REALLOCATION 05113263- Park Improvements, 2023- 62320 (From 24- Capital Outlay Maintenance &Repair $25,000 24 2600 to 23- Fund Buildings &Ground 6999)