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Special Gas Tax and Transportation System Improvement Funds for Existing Approved <br />Capital Projects <br />November 19, 2024 <br />Page 3 <br />4 <br />6 <br />7 <br />3 <br />Approval of the recommended actions would release American Rescue Plan Act <br />(ARPA), Measure M2 Local Fair Share, and Road Maintenance and Rehabilitation <br />(RMRA) Gas Tax funds for other improvement projects as approved by Council. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with the action. <br /> <br />FISCAL IMPACT <br />Approval of the requested appropriation adjustments will recognize $200,000 of prior- <br />year fund balance in Special Gas Tax, Prior Year Carry Forward revenue account (no. <br />02917002-50001), and Select Street Construction, Transfer from Fund 029 revenue <br />account (no. 05917002-59000-029), and appropriate the same amount to the Gas Tax <br />Interfund Transfer, Transfer to Fund 059 expenditure account (no. 02917019-68000- <br />059) and HUTA 2103 Gas Tax, Improvements Other Than Buildings expense account <br />(no. 05917663-66220); $434,400 of prior-year fund balance in the New Transportation <br />System Improvement Area E, Prior Year Carry Forward revenue account (no. <br />03417002-50001), and appropriate the same amount to the New Transportation System <br />Improvement Area E, Improvements Other Than Building expense account (no. <br />03417660-66220); and $5,100,000 in prior year fund balance in the Transportation <br />System Improvement Authorization Area B, Prior Year Carry Forward revenue account <br />(no. 99217002-50001) and appropriate the same amount into the Transportation <br />System Improvement Authorization Area B Tustin, Improvements Other Than Buildings <br />expenditure account (no. 99217950-66220). <br />The spendable portion of the Gas Tax fund balance is estimated to be $4,650,999 at <br />June 30, 2025; the spendable portion of the New Transportation System Improvement <br />Area E is estimated to be $1,072,705 at June 30, 2025; the spendable portion of the <br />Transportation System Improvement Authorization Area B is estimated to be <br />$5,642,342 at June 30, 2025. The available fund balance is sufficient to allow for the <br />recommended appropriation adjustments of $200,000, $434,000, and $5,100,000, <br />respectively. <br />Fiscal <br />Year <br />Accounting Unit <br />– Account No. <br />(Project No.) <br />Fund <br />Description <br />Accounting Unit, <br />Account <br />Description <br />Amount <br />APPROPRIATION ADJUSTMENT <br />2024-25 03417660-66220 <br />(14-6802) <br />New <br />Transportation <br />System <br />Improvement <br />Area E <br />New TSIA E, <br />Improvements Other <br />Than Buildings <br />$434,400