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Regional Traffic Signal Synchronization Project Cooperative Agreement <br />April 1, 2025 <br />Page 3 <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with the action. <br />FISCAL IMPACT <br />Approval of the requested appropriation adjustment will recognize $760,855 Fiscal Year <br />2024-25 funds into the Public Works Measure M-Street Construction, Expense <br />Reimbursement revenue account (No. 03217002-57000) and appropriate the same <br />amount into the Public Works Measure M2 Competitive Street, Improvements Other <br />Than Building expenditure account (No. 03217663-66220) (Exhibit 3). <br />The following table summarizes the funds budgeted and available in current FY 24-25 <br />for design engineering and construction expenditures after the appropriation <br />adjustment. Any unspent budget in Fiscal Year 2024-25 will be included in future -year <br />carryforwards for City Council consideration. <br />Fiscal <br />Accounting <br />Fund <br />Accounting Unit — <br />Amount <br />Year <br />Unit — Account <br />Description <br />Account No. <br />No. (Project <br />Description <br />No. <br />Current Budget <br />2024-25 <br />03217663-66220 <br />Measure M — <br />Measure M2 <br />$4,568,526 <br />(25-6705) <br />Street <br />Competitive Street, <br />Construction <br />Improvements Other <br />Than Buildings <br />2024-25 <br />03217662-66220 <br />Measure M — <br />Measure M2 Local <br />$381,277 <br />(25-6705) <br />Street <br />Fairshare St, <br />Construction <br />Improvements Other <br />Than Buildings <br />Appropriation Adjustment <br />2024-25 <br />03217663-66220 <br />Measure M — <br />Measure M2 <br />$760,855 <br />(25-6705) <br />Street <br />Competitive Street, <br />Construction <br />Improvements Other <br />Than Buildings <br />TOTAL <br />$5,710,658 <br />EXHIBIT(S) <br />1. FY 2024 Call for Projects Regional Traffic Signal Synchronization Project P <br />Supplementation Application <br />2. Cooperative Agreement <br />3. Capital Improvements Project Worksheet <br />Submitted By: Nabil Saba, P.E., Executive Director — Public Works Agency <br />Approved By: Alvaro Nunez, City Manager <br />