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HomeMy WebLinkAboutAgenda Statement 1988/04/05 Item 19., COUNCIL AGENDA STATEMENT Item 19 Meeting Date 4/5/88 ITEM TITLE• Resolution4~~~ ~ Approving the refund of bicycle • facility ( ransportation Develop ent Act) fund balances SUBMITTED BY: Director of Public Works REVIEWED BY: City Manager~j~ ~. (4/5ths Vote: Yes No X ) In the past years, we have requested and obtained Transportation Development Act (TDA) funds from SANDAG to build bicycle and pedestrian facilities in the City. We have recently completed three projects at a cost savings and we need to refund fund balances to SANDAG so that the monies can be allocated to other projects in the Region. RECOMMENDATION: That Council adopt resolution approving the refund of Transportation Development Act (TDA) fund balance of $2,156.44 (Claim 168). • BOARDS/COMMISSIONS RECOMMENDATION: Not applicable. DISCUSSION: In FY 83-84, we obtained $20,000 from the TDA fund to cover the cost of three pedestrian safety related improvement projects. The projects are: Fund Description Allocation Balance Account No. a. Sidewalk installation at $10,000.00 $149.62 602-6020-LTF08 Allen School Lane (adjacent to Allen Elementary School) b. Sidewalk intallation at 7,500.00 947.94 602-602.0-LTF09 East "J" Street (east of Gretchen St.) c. Crosswalk safety improvement 2,500.00 1,058.88 602-6020-LTF07 evaluation (various City crosswalks) TOTAL $20,000.00 $2,156.44 The projects were completed about two years ago. However, the fund balance ($2,156.44 includes interest earned) was never returned to SANDAG as is required at the completion of all TDA funded projects. • • Page 2, Item 19 Meeting Date~/A8- The return of fund balances to SANDAG is mandatory and it is intended to provide all agencies the opportunity to construct more hicycle and pedestrian facility projects. The TDA fund will be monitored more closely by the auditors and by the SANDAG Bicycle Facilities Committee (BFC). Any funds which lie idle for a period of two years will be returned by the local agency to SANDAG and reallocated by the BFC to other projects in the region. The reallocation of returned funds (both those found to be idle and those from fund balances after the project has been completed) will occur in conjunction with the BFC's annual TDA fund allocation. FISCAL IMPACT: None. Fund balance refund as follows: 602-6020-LTF08 $149.62; 602-6020-LTF09 $947.94; 602-6020-LTF07 $1,058.88. WPC 3664E • _ ~~ ~~~ y t~.,: ~~~~ l: ,l of Chula V:~~, ~:., ; ~rnia Dated