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Attachment 1Almond Grove Funding Plan and Funding Schedule ALMOND (;ROVE REHABUJTAT70N SCHM111.E: ASPHALT umaaaaY.Rac6mau S 2- BR2.723 I _ - - ------ . _......,, --- „ wvs- Exwp Pmjen Bu1941 I S 3,696.000 S 2,882,723 Tobl Foods Available I S 2 882 723 Tsa/Rn)v4a $ 3.774,210 E--g Pmien Bidgn S 813,277 5 Capizi PmjXU ReaAtcatira S 2,132,700 813,277 S 1,500,000 (iF RMrv, 6r CWW S 9QM0 5 940 FY 2014/15 Yc r-U i . ms L S 2.000,000 S 320,,933 933 TOW Fonda AVaaahle S 3,774,210 LAto RW9,,/Alme.drs S 2,948,356 Caput Pro*,, Reaixaton S 632,700 F)'2014/15 Y=-0Dd Fxc 3 1,479,Ofi7 5 637,700 (iF Reac.wt (F.xc,,a AM,e 23%) S 2,020.178 S 861,731 S 1,453,925 Total Foods A-aaable, WdderB,,au $ 2340,084 S 2,948,356 IY 201411 S Yt Etd F =,n S 617,336 EgwPraa ReFb,,.m S 3<89.6R7 S b 17,336 L FJLAF S 770,000 S 590,435 Cotorw4aared Ahx.sss S 3,281,656 S 304,205 S 589,316 OFAR Fwd lists. S 438.792 S 438792 OF ResenLmed.� S 560,253 S 566,257 Deag.eted S' IMAD S 100,000 SPecdl St S 153,000 Post Rgie S 400 OW 153.000 5 4W.(,U0 AvaL6sbie 5:2,745319 Total R,,baWl"ti.. Cost S 16.110.145 S 3.964,772 Note: A similar table was provided in the September 15, 2015 staff report. The rehabilitation cost for Broadway /Bachman has been updated from that table to remove the design costs of $25,000 for these streets as staff has provided a solution that does not incur this cost. ATTACHMENTI Table D: Almond Grove Street — Use of c asn on tiami Balance IIse oP1s Balance Existing Project Budget $ 3,696,000 $ 3,696,000 $ Capital Projects Reallocation $ 2,132,700 $ 2,132,700 $ Excess ERAF $ 330,000 S 329,205 $ 795 Reserves ' GF Reserve for Capital $ 940,0001 $ 940,000 $ GFAR Fund Balance $ 438,792 1 $ 438,792 1 $ FY 2014/15 Year -End Excess $ 2,00 0001 $ 2,000,0001 $ GF Reserve (Excess Above 25 %) $ 10,800,000 1 $ 2,020,178 $ 8,779,822 Post Retirement Medical $ 400,000 $ 400,000 $ - Reserve for Productivity & Special Studies $ 590,000 $ 253,000 $ 337,000 Compensated Absences (maintains 75 %fuodang)evel) $ 2,281,656 $ 589,316 $ 1,692,340 Open Space Reserve $ 562,000 $ - $ 562,000 Vasona ]and Sale $ 411,245 $ - $ 411,245 Sustamablitylnitiatives S 140,553 $ $ ]40,553 InternaLSerwiee FWxh Equipment R lacement $ 3,488,687 $ 590,435 $ 2,898,252 ABAG Self Insurance $ 974,063 $ - $ 974,063 Worker's Comp Selflnsurance $ 666,785 $ $ 666,785 Management Infomtatan System $ 2,488,868 $ $ 2,488,868 Stores $ 90,768 $ $ 90,768 VehicleMauaenance $ 331,190 $ $ 331,190 Faci&iesMamtenace $ 178,765 $ $ 178.765 Under this scenario, staff recommends using only $590,000 from the equipment replacement fund (the unallocated amount currently existing in the fund), $400,000 from the Post Retirement Medical reserve and an additional $590,000 from the Compensated Absences reserve. Almond Grove Funding Plan and Funding Schedule ALMOND GROYEAENARIUTAnON SCHEDULE: CONCREFE IT98al fi bn U.W. Cov S 10.953.1121 SId953112 Spi5B2016 I Spr*WI] SpAM2019 Spr1od2019 $pdad2020 RthahRludon Cvar FmdRWOn - FY201YI6 FY2016/il FY201 TAd FY2Mdl19 .FY201f720 RreadraSBaeBmao S 3391A39 E,C.Wp iul UUd,. I S 3.696.000 1 S 3.391 439 T9ul Fuv Av.Wbk S 3 9L439 l'a11Ba3vkr S 4,440348 Fisud.Ymper DrdBm 5 306,561 S 709,561 C.,W Fm 1, R ka .wa S 2.132700 S LSOO,OW GF Rucne br CAPLN S 940,DW 5 'NO,DW F Y 2014115 Y., Foal F., s 2,OW.OW 3 1.5W,WD GF R. 0= .c Ahne 25 %) S ? 020.118 S 195,68] TWI Fl."Aea0abk 5 4,44U14R leP RldgclAbmrdn 5 3A68.45] Cepul Pro2ccv Rmbcemv 5 631,100 $ 015Yar -ibd Fxes S ]W,OW Gf Rac:9c (a4'444 Above 25 %) s 1,824.491 D64&7,675W GEAR Fwd wb.e s 438,]92 S 153.000 foul Fwd) A,W W Nildtt/Reae 1 2.988333 Epupnce R4pb4wrm S 3,488,687 S 1,488.697 GEAR Fwd Rebrc. S 80330 5 80,330 F..-Renee Medeel 5 400,OW S 400,OW l ix wd YmdwrvuY s IW,OW S IW.OW E. FRAF S 330AM 5 330,000 (:9nrerwled A6 ra � Iw.w. 75% Gds, kml I S 1281.656 8 589316 Toul Frodl AVa , S 2,9U.333 Mss491M1iebPl.vv S 4,664,439 Nt Mlltvcm 5 ' 39 Toul S 4.1164,439 IT98al fi bn U.W. Cov S 10.953.1121 SId953112 Table F: Almond Grove Rehabilitation: Concrete — Use of Funds ash On RaM Beginning Fund Balance Proposed Use of -Fawls . F� iw� Balance Existing Project Budget $ 3,696,000 $ 3,696,000 $ Capital Projects Realbcation S 2,132,700 $ 2,132,700 $ Excess ERAF $ 330,000 $ 330,000 $ - Reserves GF Reserve for Capital $ 940,0001 $ 940,0001 $ FY 2014/15 Year -End Excess 1 $ 2,000,0001 $ 2,000,000 1 $ - GF Reserve (Excess Above 25 %) $ 10,800,000 $ 2,020,178 $ 8,779,822 GFAR Fund Balance $ 438,792 1 $ 438,792 $ - Post Retfrennent Medical $ 400,0001$ 400,000 $ - Reserve for Productivity & Special Studies $ 590,000 1 $ 253,000 1 $ 337,000 Conipersated Absences (mardains 75% Sending level) $ 2,281,656 $ 589,316 $ 1,692,340 Open Space Reserve $ 562,000 $ $ 562,000 Vasona Land Sale $ 411,245 $ - $ 411,245 SustaviabIry Initiatives $ 140,553 $ - $ 140,553 intettg a Service Fabds Equipment Replacement 3,488,687 1 $ 1,488,687 1 $ 2,000,000 ABAG Self Insurance IS 974,063 1 $ - 1 $ 974,063 Workers Comp Self Insurance 1 $ 666,785 1 $ - $ 666,785 Management Information System $ 2,488,868 $ - $ 2,488,868 Office Stores $ 90,768 $ - $ 90,768 Vehicle Maauemme $ 331,190 $ - $ 331,190 Fac,laies Maintenance $ 178,765 $ - $ 178,765 T6hi $ 32,942,072 $ 14,288 673 $ 18,653,399 Under this scenario, staff recommends reallocating approximately $1.5 million from the equipment replacement fund to the Almond Grove project. Of this amount, $590,000 is currently unallocated to replacement of specific equipment and would be appropriate to use for the almond grove project. The remaining $900,000 that is being recommended for reallocation is currently assigned to future replacement of existing Town owned equipment. Use of these funds will increase the Town's internal service expenditures in the future.