HomeMy WebLinkAbout16 - C-3649 - 04BA-068 - Transfer of Traffic Congestion Relief FundsCITY OF NEWPORT BEACH
CITY COUNCIL STAFF REPORT
Agenda Item No. 16
June 8, 2004
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Public Works Department
Jessica Helfrich, Administrative Manager
949 - 644 -3311
ihelfrich@city.newport-beach.ca.us
SUBJECT: TRANSFER OF TRAFFIC CONGESTION RELIEF FUNDS TO MEET
STATE GUIDELINES
RECOMMENDATIONS:
Approve a budget amendment transferring $50,492.63 of the appropriation for the
Newport Boulevard 26`h Northerly Project, C -3649 from the Gas Tax Fund, 7181 -
05100729, to the Traffic Congestion Relief Fund, 7191- C5100729, and transfer $34,000
from 7191- C5100714, Jamboree Road Rehabilitation, Ford to Bison, to 7191 -
05100729, Newport Boulevard 26`h Northerly.
DISCUSSION:
Per State guidelines, the City must expend allocations received from the Traffic
Congestion Relief Fund no later than the end of the fiscal year following the fiscal year
in which the allocation is received. The City received $192,176.26 in Traffic Congestion
Relief funds during Fiscal Year 2002 -03 which therefore needs to be expended prior to
June 30, 2004. Of the prior year receipts, the City has expended $107,683.63 for the
Newport Boulevard 16`h — 26`h Project, C -3373, leaving a remaining balance of
$84,492.63.
A portion of these funds was originally budgeted for the Jamboree Road Rehabilitation,
Ford to Bison Project, C -3625, but expenditures for this project may not be expended by
the June 30th deadline. Since the Newport Boulevard 26`h Northerly Project is an
eligible project for Traffic Congestion Relief Funds and the project's expenditures during
Fiscal Year 2003 -04 will exceed $150,000, using Traffic Congestion Relief funds for this
project will satisfy the requirements for the Traffic Congestion Relief Fund as
established by the State.
Prepared by:
Jessic elfrich
�--�Administrative Manager
Submitted by:
ien G. Badum
blic Works Director
City of Newport Beach NO. BA- 04BA -068
BUDGET AMENDMENT
2003 -04 AMOUNT: $84,492.63
EFFECT ON BUDGETARY FUND BALANCE:
Increase Revenue Estimates Increase in Budgetary Fund Balance
Increase Expenditure Appropriations AND Decrease in Budgetary Fund Balance
PX Transfer Budget Appropriations X No effect on Budgetary Fund Balance
SOURCE:
from existing budget appropriations
from additional estimated revenues
from unappropriated fund balance
EXPLANATION:
This budget amendment is requested to provide for the following:
To transfer expenditures appropriations for the Newport Boulevard 16th Northerly Project in order to meet Traffic
Congestion Relief spending guidelines.
ACCOUNTING ENTRY:
BUDGETARY FUND BALANCE
Fund Account
190 3605
180 3605
REVENUE ESTIMATES (3601)
Fund /Division Account
EXPENDITURE APPROPRIATIONS (3603)
Amount
Description Debit _
Traffic Congestion Relief Fund Balance $50,492.63
Gas Tax Fund Balance
Description
Description
Division
Number
7181
Gas Tax $50,492.63
Account
Number
C5100729
Newport Boulevard 16th Northerly
Division
Number
7191
Traffic Congestion Relief
Account
Number
C5100714
Jamboree Road Rehab $34,000.00
Division
Number
7191
Traffic Congestion Relief
Account
Number
C5100729
Newport Boulevard 16th Northerly
Division
Number
Account
Number
Signed:
Signed:
Signed:
Financial Approval: Administrative Services Director
City Manager
City Council Approval: City Clerk
Credit
$50,492.63
$84,492.63
Date
G ate
Date
City of Newport Beach No. EA. 04BA -068
BUDGET AMENDMENT
2003 -04 AMOUNT: $sa,as2.ss
EFFECT ON BUDGETARY FUND BALANCE:
Increase Revenue Estimates Increase in Budgetary Fund Balance
Increase Expenditure Appropriations AND Decrease in Budgetary Fund Balance
PX Transfer Budget Appropriations PX No effect on Budgetary Fund Balance
SOURCE:
from existing budget appropriations
from additional estimated revenues
from unappropriated fund balance
EXPLANATION:
This budget amendment is requested to provide for the following:
To transfer expenditures appropriations for the Newport Boulevard 16th Northerly Project in order to meet Traffic
Congestion Relief spending guidelines.
ACCOUNTING ENTRY:
BUDGETARY FUND BALANCE
Fund Account
190 3605
180 3605
REVENUE ESTIMATES (3601)
Fund /Division Account
EXPENDITURE APPROPRIATIONS (3603)
Description
Traffic Congestion Relief Fund Balance
Gas Tax Fund Balance
Description
Division Number
Account Number
Signed:
Financial Approval: Administrative Services Director
Signed:
Administrative Ap oval: City Mapager��
Signed: gCl7l - (X7 /Z /c.h
City Council Approval: City Clerk
Amount
Debit Credit
$50,492.63
$50,492.63
$50,492.63
$34,000.00
$84,492.63
s ') -/?- G�x'
Date
ate
Date
Description
Division
Number
7181
Gas Tax
Account
Number
C5100729
Newport Boulevard 16th Northerly
Division
Number
7191
Traffic Congestion Relief
Account
Number
C5100714
Jamboree Road Rehab
Division
Number
7191
Traffic Congestion Relief
Account
Number
C5100729
Newport Boulevard 16th Northerly
Division Number
Account Number
Signed:
Financial Approval: Administrative Services Director
Signed:
Administrative Ap oval: City Mapager��
Signed: gCl7l - (X7 /Z /c.h
City Council Approval: City Clerk
Amount
Debit Credit
$50,492.63
$50,492.63
$50,492.63
$34,000.00
$84,492.63
s ') -/?- G�x'
Date
ate
Date