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Amendment to Fiscal Year 2017/18 CIP September 5, 2017 Page 2 include street names, limits of work, estimated completion date and useful life, and be submitted to the CTC (Exhibit 1). In anticipation of the City receiving its allocation of RMRA funds, staff identified RMRA funding for the Sustainable Mobility and Roadway Transformation (SMaRT) Project in the Fiscal Year 2017/18 Capital Improvement Program (CIP), based on California Department of Finance January 11, 2017, estimate of $1,977,580. A revised estimate of $1,937,587 was subsequently published on May 11, 2017. The recommended CIP amendment will reduce the budgeted CIP allocation by $39,993, and adopt the list of specific projects that comprise the SMaRT Project, to meet the reporting requirements of this new funding source. The Bristol Street and Memory Lane Intersection Improvements Project was approved in the Fiscal Year 2017/18 CIP. Several minor design modifications north of the Memory Lane intersection have resulted in the need for additional California Environmental Quality Act (CEQA) review and approval. An additional $40,000 is needed to prepare the necessary environmental clearance documents for an addendum to the Bristol Street Final Environmental Impact Statement/Environmental Impact Report (FEIS/EIR No. 89-01). Staff is requesting approval to appropriate these funds from the Transportation System Improvement Area F fund balance and amend the FY 2017/18 CIP accordingly. 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 G (Develop and Implement the City's Capital Improvement Program in Coordination with the Community Investment and Deferred Maintenance Plans). ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. FISCAL IMPACT The FY 2017/18 CIP budget was prepared using the January 11, 2017, California Department of Finance RMRA estimate of $1,977,580. A revised estimate of $1,937,587 was subsequently published on May 11, 2017. The requested appropriation adjustment will decrease the FY 2017/18 CIP RMRA allocation by $39,993 in the Special Gas Tax Fund revenue account (No. 02917002-52321) and facilitate an interfund budgetary reduction of expenditure allocation from the Special Gas Tax Interfund Transfer Account (No. 02917019-68000-059) to the Select Street Construction RMRA revenue account (No. 05917002-59000-029) and Select Street Construction RMRA expenditure account (No. 05917665-66220) to match the California Department of Finance revised estimate. To cover the additional costs of preparing the CEQA Addendum for the Bristol Street and Memory Lane Intersection Improvements Project, an Appropriation Adjustment is requested to 20B-2