HomeMy WebLinkAboutReso 2010-165RESOLUTION NO. 2010-165
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING TRANSPORTATION SALES
TAX (TRANSNET) FUND RECONCILIATION AND
ALLOCATION ADJUSTMENTS AND APPROPRIATING
$52,743 IN AVAILABLE TRANSNET FUNDS TO EXISTING
PROJECT OP202
WHEREAS, TransNet is the main funding source of many of the City's infrastructure
projects such as pavement rehabilitation, sidewalk and traffic signal installation; and
WHEREAS, TransNet funds aze derived from sales tax revenues levied in San Diego
County that aze collected by the State specifically for use on transportation related projects; and
WHEREAS, the regional metropolitan planning agency, San Diego Association of
Governments (SANDAG) programs these funds to local municipalities; and
WHEREAS, revenues vary from yeaz-to-year depending on the amount of sales tax
available to the region and the number and costs of projects for which municipalities, local
transit and Caltrans request funding; and
WHEREAS, the TransNet revenue approved for cities is based on cost estimates
submitted as part of the annual request for funding through the Regional Transportation
Improvement Program; and
WHEREAS, often these project estimates require adjustments based on actual revenue
receipts, unanticipated project savings and/or unanticipated project deficits; and
WHEREAS, most recently several audit exceptions resulted because the City exceeded
the thirty percent (30%) local agency balance threshold. As a result of holding a balance in
excess of thirty percent (30%), the City was unable to draw TransNet funds from SANDAG on a
timely basis; and
WHEREAS, staff is recommending the transfers to mitigate cash allocation discrepancies
and ensure future audit compliance; and
WHEREAS, the reallocation of funds will address project surplus and/or deficits without
impact to existing projects. Sufficient funds are available in TransNet funds to address active
projects.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby approve Transportation Sales Tax (TransNet) fund reconciliation and
allocation adjustments and appropriate $52,743 in available TransNet funds to existing project
OP202.
Resolution No. 2010-165
Page 2
Presented by
Richazd A. p s
Director of Pu is Works
Approved as to form by
Bart . Miesfeld /
' y Attorney.
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
Califomia, this 22nd day of June 2010 by the following vote:
AYES: Councilmembers: Bensoussan, Castaneda, Thompson and Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: Ramirez
ATTEST:
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Donna R. Noms CMC, City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
Cheryl Cox, yo
I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2010-165 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 22nd day of June 2010.
Executed this 22nd day of June 2010.
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Donna R. Norris, CMC, City Clerk